We had one loss with MFW where our 8% stop was hit, losing $95 on that transaction. We were also stopped out of KKD for a profit of $117. Our Model Portfolio is based on buying the equivalent of $1000 worth of a particular stock with a popular discount broker where transaction costs are $7 to buy and $7 sell. We only buy when a featured stock breaks out of the range reported or passes a target price given in the report.

ULCM, CNA, CECO, SYX, and CDIS have not yet reached our buy targets, and neither has MCRI. The targets may now need to be revised downwards. Currently CECO looks as if it might be breaking out higher, but we are still watching because volume is dropping rather than increasing. It always pays to be cautious and patient.

Symbol		Name				Volume		Last		% Change		Cost Basis		Market Value		% Basic Gain
GI
ACGL		Arch Capital Group Ltd.				36,537		$43.84		0.62%		$992.92		$1,052.16		5.97%
CRDN		Ceradyne, Inc.				497,178		$22.68		0.67%		$1,000.22		$1,202.04		20.18%
ELBO		Electronics Boutique Holdings Corp.				122,162		$59.45		1.16%		$974.78		$1,307.90		34.17%
GFR		Great American Financial				27,800		$16.94		2.98%		$992.80		$1,050.28		5.79%
WEBX		WebEx Communications, Inc				724,311		$25.90		0.78%		$990.41		$1,113.70		12.45%
		Total Account Value										$4,951.13		$5,726.08		15.65%