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Non-Tech : Buckeye Cellulose - BKI Low PE- High Growth -- Ignore unavailable to you. Want to Upgrade?

To: randmiser who wrote (21)	3/17/1999 3:05:00 PM
From: Gator II	Respond to of 28

No, I wasn't joking. But I have been out of town recently and not checking the boards. As for BKI's decline, all pulp and paper stocks declined starting with increased concerns over a lasting Asian Flu epidemic since mid 1998 (if not before). Buckeye's a niche player that I don't think most analysts understand let alone many private investors. They treat it just like another pulp manufacturer. Recent upgrades of the papers helped BKI to rally to where it currently is (was yesterday). IMO, neither move was justified on BKI's fundamentals...the big fall from the low twenties to the twelves or the recent rally to the mid-teens. Today, I believe we are retesting or plumbing the bottom of what may be a new trading range. Personally, I believe the appropriate level for BKI is in the high teens to low twenties.

To: randmiser who wrote (21)	3/18/1999 3:56:00 PM
From: Gator II	Respond to of 28

Randmaster, it looks like BKI's lower limits (for the time being) may have been checked and if they were, it held nicely. Hopefully, BKI established that new support level. Regardless, we may be heading for the establishment of BKI's upper range limits right now, i.e., establishing a new resistance level. I'm no great fan of technical analysis, and make no claim to be or to seriously interpret charts, but looking at BKI's chart since the company came public, I believe we do tend to trade in a range-to-range pattern sequence. Later, after this range is established, we could see a buying spree in small cap index funds (yea, I agree..BKI should be considered a midcap). When the index folks start filling their orders...assuming they do... BKI may finally break out and reach the low twenties, again. Well that's my analysis, what do you think? Oh, btw, I assume BKI is still included as one of S&P's "smallcap" stocks.