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

To: Scotsman who wrote (3307)	5/14/1998 10:46:00 PM
From: Zeev Hed	Respond to of 4697

Scotsman, I think that the US markets are going to wake up again to the Asian flue. The Korean market have already gone to lower lows than last January and I expect the Nikkei to breach 15,000 as well. While economically, Indonesia has very little impact on our affairs, they do control major shipping lanes down there, and unrest in that part of the world will not be good. Once our markets sees the June earnings warnings multiply, I thing that there is a good chance of a another sharp swoon down (but quite contained, I have a worse case of 8250 on the Dow), which once completed, should put a very good bottom. At least, for the time being. In case this very short term bearishness sounds too gloomy, I'll remind you that my long term forecast for WFR is still 100 before the end of year 2000. Zeev