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Since the last issue, we closed two positions, both for okay gains.
IMAGEWARE SYSTEMS (1/20/04). Closed positions 3/5/04 at $5.23 for a 59% GAIN.
MCF CORPORATION (1/20/01). Closed position 3/1/04 at $3.08 for a 54% GAIN.
Since picking ImageWare three months ago, the stock has had a pretty steady upward climb and news of a contract with a Hawaiian police department helped it even more. At one point over the last three years, MCF fell way under a dollar, but, as the markets rebounded, so did this securities dealer. On March 1, the stock went on a mild tear as the company announced the hiring new top management from big-name brokerage firms.