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 (389)	6/21/1996 11:37:00 PM
From: Jim Tao	of 4697

Doug and Larry, I am not a chart analyst but the graph of WFR looks very bad to me. I have a strong feeling that WFR could go below 40's. Maybe traded between $30 to $35(because at the current level, the stock didn't show any support!!??)until the next earning report. What you think Larry? The volumes for these past few days are kind of high compare to the drop in April befor earnings report. I am not worried, insider sales usually not mean a lot. Unless the whole management sales togather in a significant amount. There are some announcements made by big Japanese and Korens to reduce their 16M DRAM by as much as 22%. The move is an atempt to stablize the DRAM price. I forgot who are MEMC's customers and I assume that those big Japanese and Korens DRAM manufactures are not on their customer list. Doug would you help me on this? My concern at this time is that if MEMC's Customer would also cut back on productions, then they might see a decline in orders and therefore, decline in profit. But even if indeed some thing like that happens, it will be just a temperary situation. All comments are welcome. Jim

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