December 2006

This information was placed on December 29, 2006


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

Our recommendations:
a) ELE - Empresa Nacional Endesa Sa (NYSE)
b) ETP - Energy Transfer Partners LP (NYSE)
c) MT - Mittal Steel Company N.V. (NYSE)
d) IRL - New Ireland Fund (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) ACTI - ActivIdentity Corporation (NASDAQ), price to buy, under $5.06; price to sell, over $5.41; stop loss price $4.66
b) AVCA - Advocat (NASDAQ), price to buy, under $15.95; price to sell, over $17.13; stop loss price $14.70
c) ANEN - Anaren (NASDAQ), price to buy, under $17.83; price to sell, over $19.33; stop loss price $16.19
d) ARDNA - Arden Group (NASDAQ), price to buy, under $124.29; price to sell, over $134.31; stop loss price $113.59


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

Next issue in January 2007

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