November 2005

This information was placed on November 11, 2005


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

Our recommendations:
a) CIB - BANCOLOMBIA SA (NYSE)
b) IPS - IPSCO INC (NYSE)
c) ARCAF - Arcadis NV - New York Registry Shares (NASDAQ)
d) JOYG - Joy Global Inc. (NASDAQ)
e) LCUT - Lifetime Brands Inc. (NASDAQ)


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) EOC - EMPRESA NATL ELECTRI (NYSE), price to buy, under $29.57; price to sell, over $30.11; stop loss price $28.09
b) HTX - HUTCHISON TEL ADS (NYSE), price to buy, under $19.98; price to sell, over $20.67; stop loss price $18.98
c) CMCO - Columbus McKinnon Corporation (NASDAQ), price to buy, under $19.41; price to sell, over $22.69; stop loss price $18.43
d) CRXL - American Depositary Shares (NASDAQ), price to buy, under $24.68; price to sell, over $25.88; stop loss price $23.44


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

Next issue in December 2005

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