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Strategies & Market Trends : PBHG Funds

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To: Tom Simpson who wrote (211)	5/5/1997 9:24:00 AM
From: Jim Fraser	of 268

Good point. The more conserative "value" oriented stocks/funds have not had as big a move.(yet) I would expect the ones that got hit the hardest to be the first to come back with the strongest moves. However, I still think a move to small caps is finally starting, at least from a technical standpoint anyway. All of the small-cap related averages are looking better, a trend is developing that looks pretty good from my perspective. Lets hope it continues for a while! Have a good one... jim

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