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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (14334)	9/29/2001 5:59:09 PM
From: RockyBalboa	Respond to of 19633

Tom, thats doubtful whether this is a good business. In London they are destroying gear and sort valuable metals out, or they leave equipment from bk'd companies on the roofs because it is too expensive to unmount it. See story, below: Message 16305245 Down by the decaying dockyards, in an anonymous industrial park east of London, the telecommunications industry is suffering its final indignity. Every morning, lorries arrive with refrigerator-sized cabinets of electronics. The plastic bubble-wrap designed to protect them from the Essex drizzle cannot obscure the names on the cabinet: Nortel, Ericsson, Lucent and Cisco, the stars of one of the most remarkable bull markets in history. Not that the protection is necessary these days. Shields Environmental, which this year expects to receive 6,000 tonnes of unwanted gear, tries to strip and sell as many of the parts as it can from the telecoms equipment. But a large telecoms operator has gone bust on average every six days for the past six months and the second-hand market is saturated. Hence many of the cabinets will be taken apart by hand for disposal. Each, once worth millions of dollars, will yield a smattering of precious metals and other scrap, some toxic components and a lot of plastic, which is sent to nearby incinerators for burning. It is all part of a $1,000bn bonfire of wealth that has brought the world to the brink of recession.

To: Tom Hua who wrote (14334)	9/29/2001 6:19:36 PM
From: Brasco One	Read Replies (1) \| Respond to of 19633

Tom, i would like to pick up 10k-20k of the redbacks at 1.04