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Technology Stocks : Melita International (MELI) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Donahue who wrote (182)	3/23/1999 10:25:00 AM
From: pezz	Read Replies (1) \| Respond to of 203

<< I also looked at a price chart for DAVX and it went through a similar experience in the past year or so>>The difference here as I remember it, was that DVAX pre announced there short fall.This is when the stock started down. I remember this as it took MELI with it. So far the MELI management is saying they know of no reason for the decline.<<Something is driving the price down and until the last few days the volume seemed light. >> This is true . Last summer I noticed the volume picked up right on the bottom in fact there was a blk of several hundred thousand shares at about 8 as I remember [ so much for the big boys being so smart, well I guess one side was ] Funds own a large percent of the float if one wants out they will sell into the market driving the price down until they find some buyers. What scares me is how far down they had to go to find these buyers.But found them they have [himm...... maybe wishful thinking on my part ] I just hope the buyers out last the sellers here otherwise we may see an other leg down, Egad !! pez