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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: Bruce A. Thompson who wrote (3755)8/31/1998 8:30:00 PM
From: Zeev Hed   of 4697
 
Bruce, they lost some $ bucks during the last write off, that does come off book value, it is now about $12 to $13. However, IMHO, the replacement costs are much higher. That however is not too important for the short term, it would be better to wait either for a long term "bottoming" (few months of no new lows) or a high volume capitulation. It is best however, to see the leaders like INTC, TXN and AMAT and NVLS showing sign of health before venturing back in IMHO.

Zeev
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