CELLDEX THERAPEUTICS. Closed position at $4.53 for a 68% GAIN.

TRANS1, INC. Closed position at $2.93 for a 57% GAIN.

BIODELIVERY SCIENCES INTL. Closed position at $1.93 for a 105% GAIN.

NAUTILUS, INC. Closed position at $2.53 for a 51% GAIN.

INNODATA ISOGEN. Closed position at $4.30 for a 65% GAIN.

FSI INTERNATIONAL. Closed position at $3.74 for a 54% GAIN.

MGIC INVESTMENT. Closed position at $3.55 for a 51% GAIN.

NET LIST, INC. Closed position at $3.15 for a 75% GAIN.

ADOLOR CORPORATION. Closed position at $4.22 for a 130% GAIN.
(acquired by Cubist Pharma)

ANADYS PHARMACEUTICALS. Closed position at $3.66 for a 60% GAIN.
(being acquired by Roche)

APPLIED ENERGETICS. Closed position at 10¢ for a 94% LOSS.

ADVANCED ANALOGIC TECHNOLOGIES. Closed position at $6.04 for a 78% GAIN.

BIOSANTE PHARMACEUTICALS. Closed position at $3.02 for a 61% GAIN.

ALLOS THERAPEUTICS. Closed position at $1.84 for a 8% LOSS.
(acquired by Amag Pharmaceuticals)

PLURISTEM THERAPEUTICS. Closed position at $3.65 for a 57% GAIN.

ADVENTRX PHARMACEUTICALS. Closed position at $3.24 for a 55% GAIN.

MOVE, INC. Closed position at $6.50 for a 32% LOSS.
(price reflects reverse stock split)

NAPCO SECURITY TECHNOLOGIES. Closed position at $2.76 for a 50% GAIN.

VICAL, INC. Closed position at $4.95 for a 68% GAIN.

BRIDGELINE DIGITAL. Closed position at 70¢ for a 77% LOSS.

NANOPHASE TECH. Closed position at 59¢ for a 83% LOSS.

INHIBITEX, INC. Closed position at $4.78 for a 103% GAIN.

BIOLASE TECHNOLOGY. Closed position at $4.90 for a 60% GAIN.

DUSA PHARMACEUTICALS. Closed position at $4.34 for a 100% GAIN.

BIOCLINICA, INC. Closed position at $5.57 for a 55% GAIN.

INVENTIVE GROUP. Closed position at $3.50 for a 52% GAIN.

TENGION, INC. Closed position at $5.09 for a 70% GAIN.

ENERGY FOCUS. Closed position at 50¢ for a 79% LOSS.

LINKTONE. Closed position at $1.02 for a 70% LOSS.

SOLTA MEDICAL. Closed position at $3.56 for a 70% GAIN.

BANNER CORPORATION. Closed position at $2.81 for a 20% GAIN.
(company is planning a reverse split)

NIVS INTELLIMEDIA. Closed position at $1.00 for a 71% LOSS.

TRANSITION THERAPEUTICS. Closed position at $3.20 for a 55% GAIN.

I.D. SYSTEMS, INC. Closed position at $4.16 for a 60% GAIN.

TII NETWORK TECHNOLOGIES. Closed position at $3.55 for a 51% GAIN.

OILSANDS QUEST. Closed position at 50¢ for a 66% LOSS.

MARKET LEADER. Closed position at $2.98 for a 78% GAIN.

CEREPLAST, INC. Closed position at $5.95 for a 51% GAIN.

CATALYST PHARMACEUTICAL. Closed position at $1.12 for a 63% LOSS.

NEUROMETRIX. Closed position at 52¢ for a 74% LOSS.

ZELICUS, INC. Closed position at $2.40 for a 67% GAIN.

AMICUS THERAPEUTICS. Closed position at $6.30 for a 64% GAIN.

AKEENA SOLAR. Closed position at 53¢ for a 77% LOSS.

SUNESIS. Closed position at 42¢ for a 84% LOSS.

THRESHOLD PHARMACEUTICALS. Closed position at $2.18 for a 56% GAIN.

A.P. PHARMA. Closed position at 58¢ for a 75% LOSS.

ACADIA PHARMACEUTICALS. Closed position at $1.64 for a 63% GAIN.

PHC, INC. Closed position at $1.84 for a 52% GAIN.

ORBCOMM, INC. Closed position at $3.10 for a 67% GAIN.

UROLOGIX. Closed position at 76¢ for a 78% LOSS.

HESKA. Closed position at $4.95 for a 79% LOSS.
(price reflects reverse split)

The Newsletter is published twice-monthly. Upon receipt of your subscription, we will e-mail a password, and further information, to you. Good Luck.