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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: Carl R. who wrote (3340)5/20/1998 9:49:00 AM
From: All Mtn Ski  Read Replies (3) of 4697
 
Short Interest in the middle of April was 955,210, down from 1,034,546 in March. Another interesting fact is the SEC rules governing company buybacks. MEMC can only buy 25% of the avg. daily monthly volume on any given day and they can't buy on an uptick. With volume around 30,000, 25% is 7,500 shares. I wish I knew how much, if any, they have bought back already.

Tom
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