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: who wrote (382)	6/20/1996 8:13:00 PM
From: jef saunders	of 4697

did it hold? what is your opinion? sometime back i asked "do you think it will fill the gap?" well, the answer was YES! RUN FOR THE HILLS! but noone said that... yesterday it filled the gap. yesterday i $avged in. today, support held. my opnion is it held. however, if it does not continue to hold, be prepared, your friend is right. longest term support is at 35. it is rock solid there. my guess is that if it closes below 42.50, then we'll see 35. longest term support at 35.00. long term support at 42.50-43.00 short term resistance is now at 46.75, the # drops everyday. a significant close above that would be another buy signal.. the next time i will $ avg in is if it hits 36, or if it blasts thru 47. i was certainly WRONG before when i said "better not be holding puts on this one" earlier. that would have been a tremendously good idea, a great way to protect an equity gain. so i've realized i've joined the club that says "my advice and .50 cents will get you a cup of coffee". i'm really suprised to see the stock at this level again because of it's super-strong fundamentals, earnings growth, and low market capitalization. but now i realize that 36 is just as possible if we do not hold here. opinions from the technical chart community? scorecard: 6/20 long term support at 43 holds! 6/13 short term support at 50.5 fails. (a sell signal) 5/29 short term support at 46.5 holds! (a buy signal) 5/3 55.5 the ultimate time to buy a put. hoping earnings blow them away again in july, jef

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