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Strategies & Market Trends : Three Amigos Stock Thread

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To: Cary C who wrote (854)	2/19/1998 10:44:00 AM
From: James Strauss	of 29382

RECY... >>>Jim it looks like RECY took a rest yesterday and caught its breath. They sure aren't letting it rest very long.<<< ********************************************************************** Cary: A month ago RECY was basing in the 5's... Now, it's basing in the 6's... Notice how quickly it bounced off its 5 3/4 low yesterday... There are many buyers looking for any oppty to buy RECY on a dip... Most of these buyers seem to have a long term perspective as evidenced by the rising bases... The closer we get to April, the greater the anticipation will be for the release of the second Qtr numbers... Along with the rising anticipation we should see rising prices... At the Red Chip Review growth conference there were approximately 50 Money Managers that were very interested in RECY... We should be seeing more and more institutional money buying the shares for the long term... Jim

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