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Microcap & Penny Stocks : BYX- Bayou Steel -- Ignore unavailable to you. Want to Upgrade?

To: Jayne Furman who wrote (83)	11/19/1998 9:01:00 PM
From: John S. Baker	Respond to of 101

As you may know, I use technical indicators to fine tune my entry and exit points on stocks I like fundamentally. I still consider BYX to be a buy. Alas, BYX rarely has had much Wall Street (institutional) following. lots of probable reasons, but I reckon one is that the capitalization is so small that major brokerages cannot afford to recommend it to their clients because the first few moving into it would drive the price up so high that the bulk of their customers would be left out high and dry. This is one of the problems with trolling for value in micro cap stocks -- there are precious few people one can tell about it (except here on SI, of course <grin>). Same is true for another of my favorites, DGTC. JSb.

To: Jayne Furman who wrote (83)	11/22/1998 5:52:00 PM
From: Jim Cunningham	Read Replies (1) \| Respond to of 101

Jayne, I am surprised at both the huge EPS and the lukewarm market interest. It looks like you can't give the stock away. Huge trading volume on Friday, but plenty of sellers to keep the price below 6. I don't understand the skepticism that is keeping the price down. All of the steel cos. are in the doghouse, but this one seems to be at the very bottom. The BYX turnaround looks pretty solid to me. It's just happening at a time when everyone seems doubtful of all domestic steel cos. I plan to take a long hard look at the complete financials once they are available on EDGAR; I'll get back to you and give you my .02 worth. Jim