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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: TREND1 who wrote (771)9/10/1996 5:11:00 PM
From: Dave Madden   of 4697
 
Larry,

Unfortunately this indication is not wrong, although the last trade was at 29 1/4. It seems that the outlook is far worse than the Company had indicated in its Q2 earnings release. Now we know why there has been a rash of insider selling in the stock, and why Sam Duggan did not return my phone call yesterday.

In my view, the case for owning this stock is over, in that it was always a timing play based on premium pricing for a near to medium term silicon shortage. Consider me out of here!
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