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Non-Tech : Birmingham Steel BIR
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To: John T. Hardee who wrote (14)7/23/1999 12:40:00 AM
From: Novice Bob   of 19
 
Hi John:

I have heard on the yahoo thread a buy-out may be in the works. However it is just a rumor or speculation maybe. Although I have seen many times were someone pops up on yahoo and mentions a buy-out, then everybody trashes the individual that post such information and then the buy-out happens.

The volume has been strong, and I wonder what volume of this nature is characteristic of. I certainly do not believe that investors all just started to take an interest in BIR, the volume seems relentless, someone has an appetite for this stock, I do not think the buying is done yet.

I thought it might go back to the low 4 area, maybe high 3, current management seems to be not at all with the program. Screaming imports are hurting them. The import problem is with rolled product, what BIR plant makes rolled? Fore the most part, Everybody else making money, BIR is gushing blood in the street..., Who Knows?

Robert
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