Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: IsaacF1 who wrote (2084)	6/22/1998 2:10:00 PM
From: James Strauss	Read Replies (3) of 13094

RECY... Isaac: Thanks for the RECY news: ENGLEWOOD, Colo., June 22 /PRNewswire/ -- Recycling Industries, Inc., , a company engaged in the acquisition, consolidation, and operation of metals recycling companies, today announced that it has signed a letter of intent to purchase the assets of Milwaukee Scrap Metal Co. headquartered in Milwaukee, Wisconsin. The annual revenues of Milwaukee Scrap Metal total approximately $9 million. This acquisition combined with other pending acquisitions will bring the annual estimated historical revenue run rate of Recycling Industries to approximately $483 million. Milwaukee Scrap Metal was founded in the early 1930s and processes primarily non-ferrous scrap metal. With the Qtr ending 6/30, and probable reporting in mid August, I'm expecting some positive price movement in the weeks and months ahead... Jim

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