November 2006

This information was placed on November 24, 2006


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

Our recommendations:
a) ROS - OJSC ROSTELECOM ADS (NYSE)
b) TS - TENARIS S.A ADS (NYSE)
c) AEOS - American Eagle Outfitters, Inc. (NASDAQ)
d) PWEI - PW Eagle 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) ALV - AUTOLIV INC (NYSE), price to buy, under $59.10; price to sell, over $60.86; stop loss price $52.63
b) AMT - AMER TOWER CP (NYSE), price to buy, under $37.95; price to sell, over $40.03; stop loss price $33.56
c) CEO - CNOOC LTD ADS (NYSE), price to buy, under $87.74; price to sell, over $91.52; stop loss price $79.06
d) LAZ - LAZARD LTD. (NYSE), price to buy, under $44.75; price to sell, over $46.49; stop loss price $38.04


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

Next issue in December 2006

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