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

To: James Strauss who wrote (5288)	7/12/1998 12:15:00 AM
From: Joseph Strohsahl	Read Replies (1) \| Respond to of 7006

Hi Jim......Just stop by to say that your doing a great job. Buying at this price is a steal....and yes,at the bottom of a roll. I posted it on my new web site for my investment group to see. Good Trading, Joe members.xoom.com

To: James Strauss who wrote (5288)	7/12/1998 8:39:00 PM
From: Zeus549	Read Replies (1) \| Respond to of 7006

Hi Jim, Yea, I'm trying to find some signals to key into as a good time to buy back in, but am having trouble picking up some positives. It does appear to be at the bottom of the channel. Only problem is that it looks as if it could break down. Steel fundamentals aren't looking awfully good right now. Capacity figures are down and prices IMO will not be supported as a result. I guess what I'm saying is that it looks as if RECY may see $4 before it sees $8. Sure hope I'm wrong about that. Maybe they can come up with some real good earnings,but can't figure how that can happen for quite a while. They certainly don't need to take on more debt in a falling steel market. I guess bottom line, just thinking out loud here, it doesn't appear that all the bad news is factored in as yet. May be a bit to go yet.