John,
Sounds like CVN and the microcaps not your usual terrain.
The worms are everywhere, even CVN had one - the SRB - which badly caught those paying near 80 cents in ignorance. A worm is fine once the discount is priced in imho, BHP being a moving feast of worms, and WPL - well non of their African or American adventures have brought home the bacon and just remember how hyped Mauritania was.
Suggest you look at OEX, but too early to know whether it will be a success imho. My focus has been oil, csm and nickel. Made and lost small fortunes in each but still have modest gains in each, in oil thanks to some profit salvaging in CVN last year. IGO (gold/low cost nickel/cash) is my big bet atm, with CVN my main oil bet.
I still put Johnny Rotten in the same basket as Bush and Cheney, but then Key is my as yet untested poison.
EL
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