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

To: Carl R. who wrote (3710)	8/22/1998 9:30:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 4697

Carl, I still have my "toe wetting" position bought at $10.25, but I do not see any signs of a bottom here as yet. To be truthful, the stock is selling at about half or a little more of book value, but in the coming debacle, it could easily drop into the 5' or so. My prior model assumed that Asia will not go into a depression, if Asia slides into a depression (and that is what the stock is trying to tell us, I believe), the long term outlook (85 by the end of 2001) is more doubtful. In any event, I would rather buy the bulk of my position at 10 again on the way to a recovery then buy here at 8 and see it go to $5/share. Zeev