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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 (4044)11/2/1998 5:29:00 PM
From: DAN KACKLEY  Respond to of 4697
 
To All- WATCH OUT FOR A SHORT SQUEEZE!

Don't be too quick to short it here (7-7/8), I believe there is a high probability that 7 will be the low from nov-dec.

Take a look at a quarterly bar chart, with 7 being the bottom, twelve is not so far out of reach!

Also we are holding above the 50 day MA quite well and the 200 day MA is now near twelve

These MA's need to start moving positive and it will take a good run to start the kickoff

FWIW

Good luck

Dan




To: Bruce A. Thompson who wrote (4044)11/2/1998 10:52:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 4697
 
Bruce, I think that tax season starts when the market turns around and retrench, not before. When? Well, how about tomorrow or Wednesday as Carl was proposing on another thread. How low can WFR go? conceivably the low 5'. Unless we resume the semi bear market (not impossible) I do not see that level being breached.

Zeev


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