Value Microcaps Motherboard

[networm]

A question about my strategy:
I have joined this message board for quite a while, and enjoyed being one of the investors who are interested in undervalued microcaps. As I understand, most of us are trying to find undervalued penny stocks in the market, especially those with solid fundamentals and nice growth.
However, sometimes the market might get hyped up so that most stocks will rise to an overvalued level, and make it very difficult for us to find a undervalued gem. For example, if you ask me right now to give six stocks for the next VMC pick six lotto, I would think it's almost a mission impossible. I couldn't find many good stocks to own right now, and that's why half of my account is in cash position.
I wonder what you guys will do in this kind of situation. Since I am kind of new to the market(2 years), I really appreciate any ideas or comments from you guys. I assume most of you may have more experience than I do. I am also very interested to know how this strategy performs in those internet-bubble days. Thanks a lot.
BTW, I think KSWW.OB and GV are still undervalued.