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

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To: TREND1 who wrote (427)6/28/1996 11:59:00 AM
From: Cynic 2005   of 4697
 
Larry:
I am new to this board. I just registered yesterday. All my posts are on Prodigy. I didn't short WFR outright! I went "short on the box." I was following WFR since it went public. I posted many articles on WFR since July 95 on Prodigy.
Since I have a feel for the trading pattern on WFR, I took my chances and went short. BTW, I did this 4 times and I was right twice and wrong twice. The day after I did (early May) post on the Prodigy board that I locked-in my profit. My average buy price was about 32+. FYI, I will "cover" my short position around July 10 to go long again. By that time I expect the sentiment to be so bearish that it will be good to buy again.
If you are an "investor", you should not worry about short term weakness in MEMC. It used to great at low 30's. Now tt looks very good to buy in low 40's. Just yesterday there was a huge block of 178,800 shares was crossed by JP Morgan. Get an idea? Good possibility that some insiders are selling. JP Morgan is their lead underwriter!

Good Luck!
>>Mohan
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