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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 (3677)8/4/1998 6:21:00 PM
From: All Mtn Ski  Respond to of 4697
 
I have to say, I think there is a chance it could rise if the market tanks. As money flows out of the market it will look for places to go. One of the first screens the institutions will run is for companies that are trading below book value. With WFR well under book, money could flow into this stock and it could rise a few bucks. Just a theory of mine. It still won't start to really roll until the business improves. Keeping my fingers crossed....

Tom



To: Scotsman who wrote (3677)8/6/1998 4:02:00 PM
From: Jim Goodman  Respond to of 4697
 
I agree, WFR forming the "base below the base" that often works for my "PSYCLE sm", so, yesterday, I added WFR again, around 9 3/4, with a close stop below, in my NL, as one of a bunch of "way too oversold on fear" depr. techs., for at least a technical bounce....the Q. is, can it get above 12. resistance or so ? will be in touch, best wishes,