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Non-Tech : RECY Looking Good... A -- Ignore unavailable to you. Want to Upgrade?

To: TheInvestor who wrote (3797)	1/14/1998 4:29:00 PM
From: Tim Oliver	Read Replies (1) \| Respond to of 7006

Did you add to your position today like you expected everyone else to? We're all watching what you do before we buy more. If you buy 10,000 more shares, we may all do likewise. If everyone is like you, waiting for others to buy, they'll probably start selling if nothing happens. We're all a bunch of sheep watching the next guy you know. :> Really what happened yesterday is a report of a quarter that was over almost 4 months ago and a picture of a current and future business that apparently is MUCH different than the one just reported. With all the transactions that have taken place and will continue and with all the misc. expenses (even recent lawsuits that have popped up in the past year), it'll take a few days for analysts (old and new) to get a grasp of something that they can translate into estimates going forward (with only numbers from a "former" company to work with). Management and operations are MUCH different than they were a couple months ago, let alone 3 1/2 months ago that the report yesterday was supposedly about. All the trades over the past few days have been small, so I assume it's mostly small investors and not institutions buying AND selling right now. I'd like to see a report by Piper Jaffrey (who obviously has an analyst working on coverage based on the conference call yesterday). The PJ analyst apparently has visited one or more of the recycling operations and seemed pretty sharp based on her questions. With such low volume, I'd assume that most of the institutions are fairly comfortable with the $6 range right now. Remember, that's the price that 1.6 million shares were sold to investors in the recent financing. They're willing to "forgive" the weak bottom-line number in exchange for the bright picture outlined by management yesterday. Tim