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Non-Tech : The Official Guide To GOOFS
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To: Paul Weiss who wrote (183)6/22/1996 5:17:00 AM
From: Ira Vine   of 3539
 
Metals tend to move in tandem; steel isn't a metal, but a cyclical, it moves along with them. The trouble with all of them is that they have the capability of meeting any increased demand with increased production. Some people say that paper producers (which ahve fallen a lot) may be on the rise again. Also, world oil demand is rising, but you have to wait there until prices adjust for Iraq re-entering the market (they haven't really done that yet - wait until the end of the year and take a look at the oil stocks - the majors alos pay a good dividend). If you can find a good uranium company (other than Cameco, which has already moved), apparently there is a shortage of that. If you can find an up-and-comer, especially in steel, you can do well, despite the cycles - Nucor was a recent example, but it's already fairly priced. There: lots of general advice, but nothing which helps you make a particular pick. I learned that from CNBC.
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