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Non-Tech : The Official Guide To GOOFS

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To: Paul Weiss who wrote (178)6/18/1996 1:40:00 AM
From: Ira Vine   of 3539
 
Actually, for all I know, these stocks are bargains. I am just urging caution having watched this market for a while. Some people feel that price of copper was high because Sumimoto and others were keeping inventory off the market to manipulate prices. On the other hand, some people say that copper prices have remained high just because of growing world demand. It's too tough for me to figure out. But copper and all the other metals generally move up whenever you get signs of inflation, and drop when you gets signs of a weakening economy. Phelp's DOge for instance has ranged from 52 to 77, over the last year without any change in its earnings, so expectations play a big part in stocks like this one. This is one from which I am standing aside.
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