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

To: Zeev Hed who wrote (3970)	10/22/1998 12:50:00 PM
From: Bruce A. Thompson	Respond to of 4697

Zeev, Then I read this as also a prelude to the double whammy of the large 3Q loss that they still have yet to report. Looks like the guns going back in the holsters. Bruce

To: Zeev Hed who wrote (3970)	10/22/1998 1:20:00 PM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 4697

Zeev, With this new development, do you still see $60- $75 in their future? Bruce

To: Zeev Hed who wrote (3970)	10/22/1998 1:55:00 PM
From: Mark Oliver	Respond to of 4697

Doesn't sound so good. Must say, I'm not sorry. I sold covered calls this week for Nov 7.5. Looks like they'll expire worthless, but now I'm wondering if should roll them down to Nov 5's. Unfortunately, all the premium is out of the 5's today, perhaps indicating the smart money doesn't see much hope for the price to track up after today's announcement. Like many, I don't see any recovery in the near term and would like to take a tax loss. Still, I'm not silly. I'd like to make the loss less painful if possible and want the most I can get. Wonder how many people like me see this as the last chance to get out before the price bottoms again? Maybe buying Nov 5 puts are a better deal at 1/4? Regards, Mark

To: Zeev Hed who wrote (3970)	10/22/1998 9:36:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 4697

After considering the matter, this issue does actually have some of the characteristics of a floorless. VEBA knows they are going to get extra shares for their $104 million (plus whatever anyone else doesn't take). Thus they could (if registration of their shares wasn't a problem, which it probably is) sell existing shares to drive down the price, thus buying more shares for the $104 million. As a practical matter this won't happen, of course... Carl