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 (4349)	4/16/1999 11:36:00 AM
From: Carl R.	Read Replies (1) of 4697

I'm not so sure. If it wanted to go down, it could do that now. The warrants prevent the stock from rising above here, but not from falling. The stock made a good effort at popping above 6 7/8 but hasn't been able to do it. I'm sure VEBA will exercise all the remaining warrants as no cash will be required. In other words any money paid in by VEBA could be used to repay the note to VEBA, ergo a book entry. I am thinking of jumping in here for a bounce to 7.5-8 next week. Carl

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