RECY Looking Good... A Message Board

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Non-Tech : RECY Looking Good... A

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To: Brewmeister who wrote (5908)	10/1/1998 2:06:00 PM
From: James Strauss	Read Replies (1) of 7006

Can Interest Rate Cuts Save The Day? ************************************** Dan: We may be at that point where interest rate cuts will have little more than symbolic meaning... We are in the midst of a worldwide BEAR market that is going to take time to work itself out... As such, the broad brush of deflation will cut across the world economies... RECY is smack in the middle of the cyclical sector that continues to be hit hard... Even a 1/2 point rate cut could not turn around the deflationary damage overnight... As such, I think it's possible for RECY to retest its former 1.25 and 1.00 price points before this mess is all over... Each of us has to decide whether we sell now or hold or average down... I'm personally holding and averaging down... It may take 3 months, it may take 6 months, it may take a year before RECY starts moving up again to its former 5.00, 6.00, 7.00 and 8.00 price points and beyond... Now there's blood in the streets... Do we run, hold our ground, or move against the crowd... I'm going to move against the crowd... Let's see if this Buy Low really works... : > Jim

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