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Strategies & Market Trends : Value Investing

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To: Jyoti sharma who wrote (2872)	12/27/1997 11:21:00 AM
From: James F. Hopkins	Read Replies (1) of 78687

HI Jyoti; AR is a good buy at it's present levels. Unless the whole American Market falls, even then AR is the clear leader in copper. The other one I liked was PCU of which AR owns a lot..but it just ran back back from 13 to 14. The wait Jeffery is talking about, for AR to show stablity in price is going to be a long long wait..AR don't do that ! AR is played strongly by the same people who play copper futures. It's a copper play,. so the question is how long can the Bears keep the price of copper down to what is now ? and If I wait for copper to go up, then AR is going to cost more. There is a chance she will go to 20..but I would not bet on that, odds are she will make 24 before 20. Even a small move up in copper will send her up nicely..her hedge position is not there to show profit..it's there to make it tough on the compeditors.. and to consoladate her leader ship. She can dump copper on the market after she hedges future contracts ( and does ) the one offsets the other..but puts compeditors at a disatvantage. I'd rather play copper any day than gold. Jim

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