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: Ian@SI who wrote (4483)	8/22/1999 11:58:00 PM
From: SShuda	Read Replies (1) of 4697

I was watching the tape on Friday -- the price jumped around from 15 5/8 to 16 11/16 on fairly heavy volume of 225,000 shares. It seemed to me that as the stock fell, we saw the smaller orders go through--100 to 300 shares. Each time the price slid down to around 16, the larger blocks, 1000 to 6000 shares, came in and bid the price back up to around 16 1/2. Looks to me like institutional accumulation. Maybe the mutual funds are moving in, maybe its the arbs feeding on information that we are not privy to. Any thoughts?

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