MEMC INT'L. (WFR -NYSE) The Sleeping Giant? Message Board

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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

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To: Scotsman who wrote (2133)	9/2/1997 10:52:00 PM
From: Carl R.	of 4697

Another chartist has also indicated to me the possibility of a retreat to 25, yet I still believe we will test 30 tomorrow, and quite possibly move through. FERO continues to show strength, and I believe WFR will continue to follow. I think that the fundamentals indicate that the uptrend will be followed. I would like to see a little more volume though. I don't know how much longer we can continue to move up without more substantial buying, yet it is heartening to see that there is no selling resistance (so far). Yet sooner or later there will be some profit taking, so we will need some volume eventually to get through it. Personally I don't see profit taking below 32-34 since the stock has never spent much time in the 29-32 range. Good luck, Carl

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