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

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To: Maverick who wrote (3161)3/21/1998 12:45:00 AM
From: Donald B. Fuller  Read Replies (1) of 4697
 
>>Note this was posted well after my remarks:

cbs.marketwatch.com.

I'm am NOT looking to pick a fight. But WFR's are woes are here to stay for the foreseeable future.>>

The foreseeable future is another year? Seems a little near sighted to me.

Actually, I love this semi misery and gloom stuff. That's when I just sit there and keep on quietly buying other people's shares. This is a cyclical industry - always has been - always will be, IMHO. You don't get rich in it buying the shares when the thundering herd is piling with all 6 billion feet. You get rich by buying when the rest of the street and the conventional wisdom is puking all over them.

Personally, pigs will fly before I pay 100x earnings for anything. I just bought more WFR shares today (PRIA too). Early? I suppose. But then, I am not investing anything I plan to take out before 2008. If it goes to 12 next month, I'll pile on another helping. Whattya think? Might there be just one more up cycle between now and 2008?

Don
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