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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: Carl R. who wrote (2102)8/26/1997 2:46:00 PM
From: wm sharp   of 4697
 
Difficult to call the next buying wave.

But WFR is known to be - from time to time - a fund favorite (e.g. Invesco), and I've been looking at the liquidity issue. S&P issued an update on the company dated 18Aug (good report; they may be preparing to take a stance at last) and lists institutional holdings at a mere 23%, and the number of shareholders at 30,000. (Could this be a misprint??) The float listed by MarketGuide is in the 20M range. In my view, all this adds up to some strong momentum potential when the funds decide they need shares. I'm not sure how easy it'll be to find sellers. After all, there aren't a lot of individual investors who've bought at a much lower price. WFR IPOed at 25.
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