ALTEON. Closed position 12/11/01 at $4.83 for a 58% GAIN.

METALINK. Closed position 12/7/01 at $6.45 for a 65% GAIN.

TCN. Closed position 12/6/01 at .40 for a 99% LOSS.
(price reflects reverse split)

HYDROGENICS. Closed position 11/29/01 at $6.20 for a 77% GAIN.

CAPTARIS. Closed position 11/29/01 at $3.42 for a 67% GAIN.

VDC. Closed position 11/27/01 at 2 cents for a 99% LOSS.

LIQUENT. Closed position 11/14/01 at $2.24 for a 18% LOSS.
(acquired by Information Holdings, Inc.)

AOL LATIN AMERICA. Closed position 11/8/01 at $6.17 for a 69% GAIN.

UNITED AMERICAN HEALTHCARE. Closed position 11/7/01 at $4.05 for a 55% GAIN.

PUMATECH. Closed position 11/2/01 at $3.17 for a 55% GAIN.

STRATEGIC DIAGNOSTICS. Closed positon 10/3/01 at $5.90 for a 91% GAIN.

HIGH SPEED ACCESS. Closed position 10/3/01 at 40 cents for a 87% LOSS.
(acquired by Charter Communications)

VERSAR. Closed position 9/28/01 at $4.31 for a 77% GAIN.

BLONDER TONGUE. Closed postion 8/16/01 at $4.31 for a 52% GAIN.

EGGHEAD.COM. Closed position 8/15/01 at 30 cents for a 87% LOSS.

MICROWARE. Closed position 8/13/01 at 67 cents for a 76% LOSS.

VESTCOM INTL. Closed position 8/13/01 at $3.04 for a 52% GAIN.

TYLER TECHNOLOGIES. Closed position 8/9/01 at $3.45 for a 63% GAIN.

BIOLABS, INC. Closed position 7/25/01 at $3.95 for a 84% GAIN.

ARONEX. Closed position 7/12/01 at $1.10 for a 63% LOSS.
(acquired by Antigen)

CELLSTAR. Closed position 7/10/01 at $2.67 for a 85% GAIN.

EPIMMUNE. Closed position 7/10/01 at $4.71 for a 60% GAIN.

HONG KONG ELECTRIC. Closed position 7/10/01 at $3.70 for a 36% GAIN.

IMMUDYNE. Closed position 7/10/01 at 11 cents for a 83% LOSS.

CHANCELLOR. Closed position 7/10/01 at 2 cents for a 97% LOSS.

VISIONICS. Closed position 7/6/01 at $7.81 for a 78% GAIN.

WEB STREET. Closed position 6/29/01 at$1.20 for a 41% LOSS.
(being acquired by E*TRADE)

OMNISKY. Closed position 5/9/01 at $4.15 for a 64% GAIN.

INTERNET CAPITAL GROUP. Closed position 5/3/01 at $4.10 for a 79% GAIN.

HAWAIIAN AIRLINES. Closed position 5/3/01 at $3.22 for a 47% GAIN.

EMUSIC. Closed position 5/3/01 at 56 cents for a 82% LOSS.

MEDICONSULT. Closed position 4/2/01 at 5 cents for a 95% LOSS.

USEC, INC. Closed position 3/30/01 at $8.56 for a 97% GAIN.

HOMECOM. Closed position 3/29/01 at 19 cents for a 94% LOSS.

THE SPORTS AUTHORITY. Closed position 2/2/01 at $4.25 for a 74% GAIN.

PEDIATRIC SERVICES. Closed position 2/2/01 at $5.25 for a 62% GAIN.

HINES HORTICULTURE. Closed position 2/2/01 at $4.37 for a 59% GAIN.

PROMEDCO. Closed position 2/1/01 at 19 cents for a 94% LOSS.

HARRIS INTERACTIVE. Closed position 1/30/01 at $6.00 for a 66% GAIN.

DIGITAL IMPACT. Closed position 1/25/01 at $4.54 for a 73% GAIN.

GARDEN.COM. Closed position 1/25/01 at 19 cents for a 90% LOSS.

FTD.COM. Closed position 1/23/01 at $3.69 for a 75% GAIN.

GLOBIX. Closed position 1/12/01 at $5.62 for a 104% GAIN.

DOT HILL SYSTEMS. Closed position 1/12/01 at $6.25 for a 78% GAIN.

RADIO UNICA. Closed position 1/11/01 at $5.18 for a 80% GAIN.

MERISEL. Closed position 1/11/01 at 19 cents for a 92% LOSS.

MOLECULAR BIOSYSTEMS. Closed position 1/3/01 at 34 cents for a 88% LOSS.
(acquired by Alliance Pharmaceuticals)

Some of our other recommendations, featured in The Newsletter, include: