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 (585)	7/31/1996 6:59:00 PM
From: Ronald Allen	of 4697

I share your bewilderment. Today's action was especially interesting. The stock tanked in the last 8 minutes of trading. At 3:52, WFR was trading at 35 7/8. By the close it was 35 3/8. There were 13 trades made during this period with none larger than 2500 shares. The total number of shares traded was only 16,900 during the last 8 minutes. Intel remained steady at the end of the day and the Semiconductor Index rose slightly. It appears that some people are anxious to push the stock down. I thought it might be options related but did not notice any unusual option trades made today. After the last earnings release, it took a few days before the stock took off. I expect the same thing to happen this time with the stock moving sharply higher within the next few days.

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