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 (3970)	10/22/1998 1:55:00 PM
From: Mark Oliver	of 4697

Doesn't sound so good. Must say, I'm not sorry. I sold covered calls this week for Nov 7.5. Looks like they'll expire worthless, but now I'm wondering if should roll them down to Nov 5's. Unfortunately, all the premium is out of the 5's today, perhaps indicating the smart money doesn't see much hope for the price to track up after today's announcement. Like many, I don't see any recovery in the near term and would like to take a tax loss. Still, I'm not silly. I'd like to make the loss less painful if possible and want the most I can get. Wonder how many people like me see this as the last chance to get out before the price bottoms again? Maybe buying Nov 5 puts are a better deal at 1/4? Regards, Mark

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