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

To: SFJayhawk who wrote (3948)	2/3/1998 12:55:00 PM
From: James Strauss	Respond to of 7006

Why? >>>James...I would like to hear your reason for the recent decline. You are so positive all of the time, but realistically this stock is down almost 40% off of the recent high. Yes, this stock has a good outlook, but why is the market pushing this stock so far down. Do you see a correlation with PHV and MTLM??? Scrap prices are at a record high and the stock is off 40%. This stock is definitely moving with the sector..just a little later than the rest.<<< *************************************************************** Alan: Yes... RECY is moving in sympathy with the sector... But, it is performing relatively better... Investors and traders are probably anticipating a flat to slightly profitable 1st Qtr... So, they are keeping their powder dry by delaying purchases and doing some profit taking... I expect this to change somewhere between the reporting of the first and second Qtr results... Jim