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Non-Tech : RECY Looking Good... A

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To: Sandra who wrote (5698)9/6/1998 11:05:00 AM
From: James Strauss  Read Replies (2) of 7006
 
Sandra:

The stronger Relative Strength of the Russell 2000 in the past few days is saying the market could turn around after the last Domino (Big Caps) fall... We're beginning to see that... One of the Bluest of the Blues, GE, is slipping... Others are also beginning to crack... Also, some of the irrational momentum movers like AMZN are beginning to crack... When this last Domino falls the market will bottom and be ready to move up...

RECY looks like it has already bottomed in the 2 1/4 to 2 1/2 area... I've been adding to my position below 3.00... Eventually we'll look back on this time as the last chance to buy RECY at these Fire Sale prices... I might also add that GE is becoming better and better looking as a long term purchase...

Jim
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