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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (10095)	11/6/1998 12:47:00 PM
From: Sergio H	Read Replies (2) \| Respond to of 29382

<steel - hot sector ?> DD, you've got to look at the charts, as I always say (g). The steel sector is up 25% from Oct. 1 to today. I can't find a sector chart that I can post an URL for so I listed a few representative stocks. You can see the upturn in Oct. on most of these stocks. Steel stocks have been moving up on hopes that an improvement in world economies will result in more demand for steel. It's a bottom fishing play, similar to buying the oil stocks when there's trouble in the mid-east. The oil stocks haven't substained any move up from the bottom, but the steel stocks have made a significant move. Based on the recent strength in the sector, analysts have been busy upgrading and downgrading indicating that they're aware that the steel sector is attrating attention and it's time for them to take decisive action after the fact. The consensus should be that the steal stocks are ahead of themselves right now as they've improved faster than their fundamentals. Some steel stocks: quote.yahoo.com Sergio