MEMC INT'L. (WFR -NYSE) The Sleeping Giant? Message Board

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

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To: Zeev Hed who wrote (3842)	9/28/1998 11:11:00 PM
From: Carl R.	Read Replies (1) of 4697

Hi Zeev. Unlike you I am more positive about MU than WFR at the current time, but of course I retain the right to change horses at any time. MU is certainly not as cheap as WFR, but they are better run and their competitors seem to backing down, unlike the competitors of WFR. Lots of stories of older DRAM fabs shutting down, but only a few about wafer plants shutting down. I was home today, and was able to check in periodically of WFR. The stock dropped on fairly light volume to about 3.75 and then the volume got much heavier late in the day, with some sizable blocks trading. It looks like one traded of about 47,000 shares and several in the 15-20,000 share range. After falling to 3.5 it tried to rally, but fell back to 3.5 again, finishing at 3.56, and the volume ended up the highest since the big drop to 8. If the the price dips further tomorrow and solidifies under heavy volume, say 800k shares, would that trigger a buying opportunity in your mind? Carl

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