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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 (4098)12/31/1998 2:32:00 PM
From: Bruce A. Thompson  Read Replies (1) | Respond to of 4697
 
Zeev,

I'm noticing that the media has just now gotten around to noticing the equipment makers. CNBC this morning said they are the last to respond to the increases in the sector but that they move the most when they move. They also said that "equipment" is cheap right now. For example a plant can be bought for 80% of cost to build. They also said that supply would dry up very fast and soon. I filled this morning @ $8.50.

Bruce



To: Zeev Hed who wrote (4098)1/1/1999 1:55:00 PM
From: Carl R.  Read Replies (2) | Respond to of 4697
 
I'd guess the weakness in WFR is some late tax loss selling. With the new year my guess is it should get the benefit of the "January effect".

Carl


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