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


To: Bruce A. Thompson who wrote (3458)6/11/1998 5:29:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 4697
 
Bruce, right now my turnips are not even thinking of 8, but they could be persuaded if enough blood is squeezed out of them. I think that with WFR you are better off, lowering you "Buy Stop" as the stock declines rather than step in front of a freight train. The news release, might however, give us all that we need for a true capitulation end game. You'll need to see at least a million or more shares trading down and then a twice as much trading back up and closing above the opening price. Even then there is no guarantee that a double bottom would not be required.

Zeev