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

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To: Bruce A. Thompson who wrote (4044)11/2/1998 5:29:00 PM
From: DAN KACKLEY   of 4697
 
To All- WATCH OUT FOR A SHORT SQUEEZE!

Don't be too quick to short it here (7-7/8), I believe there is a high probability that 7 will be the low from nov-dec.

Take a look at a quarterly bar chart, with 7 being the bottom, twelve is not so far out of reach!

Also we are holding above the 50 day MA quite well and the 200 day MA is now near twelve

These MA's need to start moving positive and it will take a good run to start the kickoff

FWIW

Good luck

Dan

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