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To: ENOTS who wrote (6184)12/16/1998 12:39:00 PM
From: James Strauss  Respond to of 7006
 
ENOTS:

A surprise would sure surprise me... : >

We're talking about the Qtr ending 9/30 when scrap prices were still dropping... Even this Qtr still reflects Oct, Nov, and Dec price weakness... The Jan, Feb, and March Qtr may be the beneficiary of improving scrap prices... But, we should see the stock price leading this improvement sometime in the next month or two... In the meantime, buying at 1.00 or less should offer a relatively low risk purchase except for the possible quick dip to .75 that may occur upon reporting a loss for the Sept Qtr...

Jim