OPENTV CORPORATION SOCKET COMMUNICATIONS, INC.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

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.

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TRANSGENE PINNACLE DATA SYSTEMS, INC.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

Since the last Newsletter, we closed another position for a nice little gain.

ALLOS THERAPEUTICS (6/20/03). Closed position 2/19/04 at $5.08 for a 54% GAIN.

Since we picked Allos last June, the stock had been gradually inching upward, and, in a choppy market, we’re happy to take the 54% gain.

Congrats are in order to none other than us. This issue launches our eight year of publishing on the Net.

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SOMERA COMMUNICATIONS, INC. OPLINK COMMUNICATIONS, INC.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

Our apologies for the butchered February 5 Newsletter. Even the best quality controls run amok. It is now fixed and can be read in its entirety.

We did not close any positions since the last Newsletter. Remember what we have said continuously over the years – these things usually come in bunches. Case in point was in January when we closed 15 of them.

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CROSSROADS SYSTEMS, INC. ANALYSTS INTERNATIONAL CORP.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

Since the last Newsletter, we have closed seven more positions, six for gains and one for a loss.

ABRAXAS PETROLEUM (10/5/01). Closed position 1/29/04 at $2.75 for a 56% GAIN.

HEMISPHREX (7/5/02). Closed position 1/29/04 at $3.85 for a 54%GAIN.

METASOLV (10/5/03). Closed position 1/21/04 at $3.60 for a 64% GAIN.

DISTRIBUTED ENERGY (9/20/03). Closed position 1/21/04 at $3.30 for a 50% GAIN.

CURON MEDICAL (12/20/03). Closed position 1/20/04 at $5.35 for a 67% GAIN.

DRAXIS HEALTH (3/20/00). Closed position 1/20/04 at $4.50 for a 50% GAIN.

VIEWPOINT (11/20/02). Closed position 1/20/04 at 91¢ for a 68% LOSS.

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IMAGEWARE SYSTEMS, INC. PEERLESS SYSTEMS, INC.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

As we have said over the years, these things always seem to come in bunches, and, since the last issue, we closed eight positions, seven for healthy gains and one for an ugly loss.

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JMAR TECHNOLOGIES, INC. ACTUATE CORPORATION

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Happy 2004!

Let’s begin this year with a totally outrageous idea: The markets are just starting to heat up. Yes, all of the pundits and gurus have applauded Dow 10K, NASDAQ 2K and the Russell 2000 at about 560. Big deal. Weren’t the markets grossly oversold to begin with? Everyone is now asking just how much juice is possibly left? We sense there is a lot more room left on the upside, so much so that the giddiness of 1999 and early 2000 may be repeated by the end of 2004. What makes us so outlandishly bullish? Plain and simple, big and small investors alike are climbing a “wall of worry”, the fear of being left behind. Caveat: Terror attacks or Fed tightening could tank things.

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SIRIUS SATELLITE RADIO & CURON MEDICAL, INC.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here.***

December 20, 2003

We did not close any positions during the last few weeks. Our Portfolio pretty much was on a treadmill, as was the rest of the market until about a week ago. However, now that Saddam has been captured it is anybody’s guess as to where the market averages are going between now and New Year’s Eve. So, it is possible that we may see several more of our picks make a nice run before we close the door on 2003. For the year, we have closed 75 positions, with 52 for gains and 23 for losses. Never before in a calendar year have we closed so many positions. It probably helped that 2003 turned out to be perhaps the best year for small stocks since the 1980s.

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AVANT IMMUNOTHERAPEUTICS, INC. & SATCON TECHNOLOGY CORPORATION

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here.***

Hello Readers,

Since the last Newsletter, we have closed two more positions, both for some nice gains.

INTERACTIVE INTELLIGENCE (12/5/03). Closed position 11/26/03 at $5.38 for a 65% GAIN.

DIEDRICH COFFEE (7/20/03). Closed position 11/18/03 at $4.84 for a 61% GAIN.

There appears, for now, to be no reason as to why Interactive Intelligence climbed almost $2.00 since the last Newsletter, so why question a 65% gain? We also haven’t a clue as to why Diedrich Coffee rose over 70¢ in one day, but the 61% gain was sort of tasty.

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V.I. TECHNOLOGIES INC. & ACTIVE POWER, INC.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here.***

November 20, 2003

Hello Readers,

Since the last issue, we have closed four more positions; three for gains and one for a loss.

SUPERCONDUCTOR TECHNOLOGIES (1/5/02). Closed position 11/14/03 at $6.15 for a 60% GAIN.

CALIPER TECHNOLOGIES (7/5/03). Closed position 11/13/03 at $7.18 for a 58% GAIN.

MARIMBA (8/20/03). Closed position 11/10/03 at $5.68 for a 55% GAIN.

MOUNTAIN PROVINCE DIAMONDS (10/20/97). Closed position 11/10/03 at $1.75 for a 45% LOSS.

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INSMED, INC. & A.P. PHARMA, INC.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here.****

Hello Readers,

Since the last Newsletter, we have closed another six positions; five for gains and one for a loss.

SUNRISE TELECOM (9/20/03). Closed position 10/27/03 at $4.25 for a 70% GAIN.

TITAN PHARMACEUTICALS (11/20/02). Closed position 10/17/03 at $3.98 for a 89% GAIN.

PARADYNE NETWORKS (7/20/02). Closed position 10/17/03 at $3.72 for a 73% GAIN.

NIC, INC. (8/5/03). Closed position 10/16/03 at $5.57 for a 59% GAIN.

GTC BIOTHERAPEUTICS (8/20/03). Closed position 10/16/03 at $3.66 for a 52% GAIN.

CATALYST INC. (3/20/02). Closed position 10/16/03 at $1.35 for a 55% LOSS.

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