Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (22536)	7/28/1998 11:26:00 AM
From: Bonnie Bear	Read Replies (1) of 94695

Jim: I agree- Cliffs is so cheap tho! One spin on this is we have severe chronic water shortages across the nation, they also drill for water. The business isn't going away. When I see the carnage in the small caps it reminds me of the tale of the great depression- small companies went bankrupt and huge companies became microcaps. The S&P smallcap index is really undervalued. I keep thinking the index fanatics will switch to the smallcap index (where many of the drillers reside), quite the opposite has happened. smallcaps have broken all support here, look out below.

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