Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Scotsman who wrote (4470)	8/12/1999 10:56:00 PM
From: Zeev Hed	Respond to of 4697

Scotsman, as I said, I would consider reentry closer to closing the gap today, the breakout was at about $14.5, and technically, I believe we will get back down there. Technically, the stock is surely in a buy mode, but the fundamentals are really not there. The company has been weakened financially quite a lot in the last down turn, as a result they will have potential difficulties funding further expansion in capacity and may lose market share to competitors. But, when the TA and FA do not agree, I usually follow the TA. I'll wait, however to see how well it handle a retrenchement and if money is starting to flow to the stock. Zeev