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

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To: hcm1943 who wrote (3140)3/16/1998 8:30:00 PM
From: Debt Free  Read Replies (1) of 4697
 
hcm1943,

At Fidelity, the requirement is less than that, but it has to be decided by an options broker what level that you are able to participate [ 1)buying calls/puts, 2) selling covered calls, selling puts, etc..)

Also, I am still looking to establish a position but I have got to wonder. This stock seems so lifeless, I have to wonder how much longer will this go on before it breaks down to a new level or starts to reestablish an uptrend.

I have mentioned it before but it appears that it we are very close to breaking a downtrend from highs back in July. Can any of the TA people out there fill us in on this and when this could happen. Also, I guess that I take it good sign that this reduction in price is happening on relatively low volume. Is this an accurate reading of the situation.

TIA

Doug
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