October 2005

This information was placed on October 15, 2005


Long Term Investment
This is a portfolio to hold no shorter than six months and no longer than two years.

Our recommendations:
a) ARCAF - Arcadis NV - New York Registry Shares (NASDAQ)
b) CHK - CHESAPEAKE ENERGY CP (NYSE)
c) CIB - BANCOLOMBIA SA (NYSE)
d) ECA - ENCANA CORP (NYSE)


Short Term Investment
This is a portfolio to hold no shorter than one week and no longer than four weeks. For short term investment, if you decide to follow our recommendations, you should buy your shares no longer than two days after we have placed this information.

Our recommendations:
a) AMRI - Albany Molecular Research, Inc. (NASDAQ), price to buy, under $12.35; price to sell, over $13.92; stop loss price $11.73
b) GNCMA - General Communication, Inc. (NASDAQ), price to buy, under $9.41; price to sell, over $10.11; stop loss price $9.25
c) AMMD - American Medical Systems Holdings, Inc. (NASDAQ), price to buy, under $18.53; price to sell, over $20.20; stop loss price $18.20
d) CVBF - CVB Financial Corporation (NASDAQ), price to buy, under $17.84; price to sell, over $19.22; stop loss price $17.50


Note: Our company does not accept gifts, promotional items, or compensation of any kind from companies that are mentioned.

Next issue in November 2005

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