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

To: Walt who wrote (3960)	2/4/1998 8:23:00 AM
From: SJ - Stephen	Respond to of 7006

Walt, No problem...... I check for news each morning and at night. As well as when volume or a price is acting above or below the norm for the issue. For usually we investors are the last to know when something is up.. Sidenote: We investors are also often too news crazy. Looking for a fix, or constant updates of the co. I too am driven by the need to know, but when a co like RECY appears to have a good mgmt. team / fundamentals and are progressive, I like to let them run. SJ

To: Walt who wrote (3960)	2/4/1998 10:28:00 AM
From: Brewmeister	Respond to of 7006

A couple days ago my news scan pulled up an AP article titles stell stocks suffering. I guess I can't post the whole thing, but here are a few excerpts. Note the comment on scrap prices resulting from reduced Asian demand. Perhaps this would only affect West coast scrap( due to transportation), if at all. I don't think any interviewed for the article really know, they were just painting scenarios: Steel Stocks Suffering c The Associated Press By CLAUDIA COATES PITTSBURGH (AP) - With efficient minimills about to boost U.S. steelmaking capacity and worries that cheap steel could flow in from distressed Asian countries, steel stocks aren't exactly the life of the party these days. Others are a bit more optimistic on steel stocks. Citing strong demand and cost-cutting efforts... Foreign competition has continued to keep American steel companies struggling over the last several years, forcing them to miss out on a major bull market on Wall Street. Even minimills, which are designed to make steel more cheaply, declined in share price. Now, the U.S. economy is slowing again and is not likely to create large, new demands for steel. This year, established American steelmakers are steeling themselves for an onslaught of mill capacity. Almost 18 million tons of minimill capacity is about to come on line, Okine said. ''That could put pressure on steel in the second half of the year,'' he said. That outcome could actually be a bright spot on the American steel scene, Bradford said. If Asian mills buy less American scrap steel, scrap should become cheaper in America.