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: nigel bates who wrote (4074)	11/23/1998 9:52:00 PM
From: Scotsman	Read Replies (2) of 4697

I think MEMC has had a good run, but I have doubts it will hold. I am not saying that its going back to 3, but I think that going down to 6 or 7 could be a real possiblity. Why? Well, MEMC has stated they are not going to make any money for the next few quarters at least, and we are looking at huge losses. Sure, they could come in ahead, but a huge loss is still a huge loss. Its been oversold, and perhaps now its overbought. Another thing is that some may decide to lock in a profit before they announce their loss for the quarter, or worse, pre announce a disappointment. However, I still think this will be a great investment a few years down the road when its at 40 or so. At least I hope so.

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