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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant? -- Ignore unavailable to you. Want to Upgrade?

To: Prasanna L Soni who wrote (4451)8/12/1999 2:56:00 PM
From: All Mtn Ski  Read Replies (2) | Respond to of 4697
 
Hey! Who is Andrew? Great move today on huge volume for this stock. If the industry is at capacity, with no new capacity scheduled to happen (As far as I know), wafer prices will rise and so will the stock. I won't venture where we might be going, the old high of 55 is probably not in the cards for years, but I'd be happy with a low 20's valuation by the end of the year, which is possible, IMHO.

Tom



To: Prasanna L Soni who wrote (4451)8/12/1999 3:08:00 PM
From: E. Graphs  Read Replies (2) | Respond to of 4697
 
Hi Prasanna,

I'm guessing we are going higher as long as there is a demand for wafers that is equal to or more than supply. With semi manufacturing expected to be in a 2 to 3 year recovery mode this looks very good for WFR then, doesn't it?!

Technically, there is some resistance at ~18 from mid '97, but that's really old.

techstocks.com

So, continued good luck to us!

Who is Andrew??

E. Graphs



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