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

To: Denice who wrote (3255)	4/23/1998 9:38:00 PM
From: Scotsman	Read Replies (1) \| Respond to of 4697

I guess we will find out if all of the sellers are out of this stock. I think that if it holds in the 14 to 15 range, it has got to be close to bottom. I don't think it will do to much tomorrow. They pre-announced they would be lousy this quarter, and we all knew that anyway. This isn't a traders stock as it is below theoretical book and there isn't a forseeable recovery for the next 3 to 6 months. Shorts generally don't like stocks below book, although there is a hefty short interest from what I've read on the thread. (Rhymes. Its the Welsh strain in me.) One good thing is that at this price it is probably limited downside as it has no multiple. Unlike those silly internet stocks. Long term, I think this is a gift. But I'm an optimist. Comments welcome, please.