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Microcap & Penny Stocks : Cade Industries -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (3141)	8/11/1998 9:42:00 PM
From: joe wiles	Respond to of 3563

Hi Sergio - Yeah, it didn't make sense to me and since I have some of my grandkids' college money tied up in Cade I thought a direct question was in order. However, this stock baffles me right now. By all measuring techniques I have ever used it should support a $4 price at least with spurts above $5 possible. I guess it is just a victim of the smallcap bear we are in and the Dow correction currently underway. As for the market, I'm spending a lot of time standing on the sidelines and getting familiar with the oil sector - specifically the offshore services portion. When this current oil depression straightens itself out there is going to be some $$ to be made. Other than that I agree with Monica who I understand said the other day: "the market sucks, too." :-) Regards, Joe