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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: David who wrote (11287)	10/13/2000 4:05:47 PM
From: Paul Senior	Respond to of 78625

David: yes, I know that distraught feeling (that the bank robber had) very well. If I owned only steel stocks, for example. They all seem to be down. Let's see. I still have X, AKS, LTV, and STTX that make the stuff, BOYD that transports it, CLF that provides the iron ore pellets, and UCR that makes graphite rods consumed by mini-mills. Rather than average down now, I'll just add another one today: ROU. The industry eventually will recover (I will bet), and while these stocks will never again be popular, they should, at some point, better reflect improved business. Unless of course there's been a fundamental shift in either demand (competitive products have been permanently substituted for steel), or perhaps that imports have permanently altered US made steel as a viable (in the sense of profitable) industry.