MEMC Electronic Materials Inc. (WFR)

I added some WFR here at this sell-off. I have no idea why the stock is on a free fall, on a strong market no less, probably because it is related to alternative energy, and therefore, falling with the energy market. I believe this decline is not warranted and there appears to be some panic. Fundamentals remain very strong and I believe it will deliver a strong quarter. My plan is to wait until it bounces a bit and write some calls on this name, as the premium is very high.

Position: Long WFR