J.M.Dutton & Associates Companies by Analyst
as of: 12/23/2005
Company
Recent
Price
Current
Rating
Price
Target
Price at
Rating
Current
Rating Est'd
Rating
Status
Show All
Research

Bal Bagwat, MD, CFA
Arbios Systems, Inc. (ABOS)
$1.84
Strong Spec. Buy
$9.90
$3.03
1/24/2005
Reiterated/Update
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Cellegy Pharmaceuticals Inc (CLGY)
$0.81
Speculative Buy
$2.00
$2.13
5/13/2005
Reiterated/Update
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Les W. Childress
African Platinum plc (APP)
$0.37
Speculative Buy
$1.20
$0.67
1/11/2005
Reiterated/Update
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Apex Silver Mines Ltd (SIL)
$15.76
Neutral
- - -
$15.45
11/8/2005
Reiterated
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FX Energy (FXEN)
$8.99
Buy
$17.00
$8.77
7/20/2004
Reiterated
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Gastar Exploration Ltd. (YGA)
$3.69
Buy
$5.50
$1.35
9/10/2003
Reiterated/Update
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Mexco Energy Corporation (MXC)
$7.43
Buy
$13.00
$8.50
10/18/2005
Change
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Panhandle Royalty Company (PHX)
$41.83
Strong Buy
$50.00
$17.99
3/3/2003
Reiterated
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Seabridge Gold Inc (SA)
$9.85
Strong Buy
$16.50
$8.16
12/20/2005
Change
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US Energy Corp (USEG)
$4.47
Speculative Buy
$6.50
$2.39
7/12/2004
Reiterated
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Ted Gomoll, CFA
Amarin Corporation plc (AMRN)
$1.10
Speculative Buy
$4.50
$2.75
9/22/2003
Reiterated
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Applied NeuroSolutions Inc (APNS)
$0.34
Neutral
- - -
$0.32
6/28/2005
Initial
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Stephen L. Handley
A.P. Pharma, Inc. (APPA)
$1.45
Strong Spec. Buy
$3.00
$1.72
11/4/2005
Change
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AlphaRx (ALRX)
$0.07
Speculative Buy
$0.25
$0.12
11/3/2004
Reiterated
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AVI Biopharma Inc. (AVII)
$3.61
Speculative Buy
$5.00
$3.26
11/16/2005
Initial
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BioSante Pharmaceuticals, Inc. (BPA)
$3.70
Speculative Buy
$10.00
$3.00
6/16/2003
Reiterated
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Biosphere Medical Inc (BSMD)
$7.71
Strong Spec. Buy
$9.00
$4.68
7/7/2005
Reiterated
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Trinity Biotech plc (TRIB)
$8.09
Strong Buy
$12.00
$6.35
9/7/2005
Reiterated/Update
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Rafael K. Kapelinski
Euroweb International Corp. (EWEB)
$3.73
Buy
$5.00
$3.28
7/14/2005
Reiterated
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ImageWare Systems, Inc. (IW)
$2.02
Buy
$3.25
$3.45
6/15/2005
Reiterated
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Internet Gold-Golden Lines Ltd (IGLD)
$5.43
Strong Buy
$9.50
$5.13
9/25/2005
Change
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On Track Innovations Ltd. (OTIV)
$13.75
Strong Buy
$18.00
$11.50
6/2/2005
Reiterated
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Protocall Technologies Incorporated (PCLI)
$0.15
Neutral
- - -
$1.45
6/20/2005
Reiterated
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Top Image Systems Ltd (TISA)
$2.89
Strong Buy
$4.00
$2.80
11/28/2005
Initial
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Unify Corp (UNFY)
$0.35
Strong Spec. Buy
$0.65
$0.38
7/6/2005
Reiterated
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Visiphor Corporation (VISRF)
$0.30
Buy
$1.00
$0.59
7/7/2005
Reiterated
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XAAR Plc (XAR)
$4.81
Neutral
$5.28
$5.06
10/7/2005
Change
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Gerald F. LaKarnafeaux, CFA
George Foreman Enterprises Inc. (GFME)
$4.81
Strong Spec. Buy
$6.00
$4.55
12/13/2005
Initial
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International Barrier Technology Inc (IBTGF)
$0.76
Speculative Buy
$1.44
$0.70
9/6/2005
Initial
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NutraCea (NTRZ)
$0.78
Strong Buy
$1.80
$0.68
12/7/2005
Change
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Vita Food Products, Inc. (VSF)
$1.83
Speculative Buy
$3.00
$2.05
8/4/2005
Change
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William R. Prather, RPh, MD
Aastrom Biosciences, Inc. (ASTM)
$2.29
Strong Spec. Buy
$2.50
$0.34
4/10/2003
Reiterated
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Chemokine Therapeutics Corporation (CHKT)
$1.14
Speculative Buy
$1.75
$1.04
10/17/2005
Initial
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CytoGenix, Inc. (CYGX)
$0.84
Speculative Buy
$0.90
$0.19
7/17/2002
Reiterated
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Draxis Health Inc (DRAX)
$4.35
Neutral
- - -
$4.23
12/12/2005
Change
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GlycoGenesys, Inc. (GLGS)
$0.49
Not Rated
- - -
$0.82
11/11/2005
Change
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Memry Corporation (MRY)
$1.88
Neutral
- - -
$1.99
12/7/2005
Change
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MultiCell Technologies, Inc (MCET)
$0.65
Neutral
- - -
$0.95
9/16/2005
Change
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Neoprobe Corporation (NEOP)
$0.28
Strong Spec. Buy
$1.00
$0.27
9/7/2005
Reiterated
Show All
Neurobiological Technologies, Inc. (NTII)
$3.55
Strong Spec. Buy
$8.00
$3.52
11/3/2004
Reiterated
Show All
Nutrition 21 Inc (NXXI)
$0.64
Strong Buy
$1.70
$0.93
5/10/2005
Change
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Nymox Pharmaceutical Corporation (NYMX)
$2.10
Strong Spec. Buy
$6.25
$2.05
11/17/2005
Initial
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Pharmos Corporation (PARS)
$2.02
Strong Spec. Buy
$3.75
$2.00
11/3/2005
Change
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Vasogen Inc. (VSGN)
$1.92
Speculative Buy
$10.00
$4.12
11/15/2004
Initial
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Barry Raeburn
Elron Electronic Industries LTD. (ELRN)
$11.16
Strong Buy
$15.00
$14.16
9/8/2005
Reiterated
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Paul J. Resnik, CFA
DXP Enterprises Inc (DXPE)
$17.87
Strong Buy
$24.80
$14.62
10/27/2005
Reiterated/Update
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EasyLink Services Corporation (EASYE)
$0.92
Neutral
- - -
$0.77
8/23/2005
Reiterated
Show All
LESCO, Inc. (LSCO)
$15.40
Buy
$18.00
$13.05
1/7/2005
Reiterated
Show All
Pacific Ethanol, Inc. (PEIX)
$10.14
Strong Spec. Buy
$15.80
$10.57
12/2/2005
Reiterated
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David Riedel
Arcadia Resources, Inc. (ACDI)
$2.65
Strong Buy
$3.50
$1.45
2/16/2005
Reiterated
Show All
FIND/SVP Inc (FSVP)
$1.27
Strong Buy
$2.40
$1.22
11/21/2005
Initial
Show All
GigaBeam Corp (GGBM)
$7.65
Strong Spec. Buy
$22.00
$7.25
11/18/2005
Reiterated
Show All
IntegraMed America Inc (INMD)
$13.69
Neutral
$10.50
$13.20
8/26/2005
Reiterated
Show All
Media Sciences International, Inc (GFX)
$2.47
Buy
$3.00
$1.30
4/28/2004
Reiterated
Show All
Pipeline Data Inc. (PPDA)
$1.10
Strong Buy
$2.00
$0.85
1/25/2005
Reiterated
Verticalnet Inc. (VERT)
$0.62
Strong Spec. Buy
$1.80
$0.58
9/27/2005
Reiterated
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World Health Alternatives, Inc. (WHAIE)
$0.04
Neutral
- - -
$0.30
8/26/2005
Change
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David P. Soetebier, CFA
American Software Inc (AMSWA)
$6.40
Strong Buy
$8.00
$6.03
1/3/2005
Reiterated
Show All
I-Sector Corporation (ISR)
$5.21
Strong Buy
$10.00
$6.58
9/16/2004
Reiterated
Show All
Lantronix, Inc. (LTRX)
$1.63
Strong Spec. Buy
$2.00
$1.30
10/31/2005
Reiterated
Show All
PFSweb Inc (PFSW)
$1.30
Speculative Buy
$3.00
$3.22
2/28/2005
Reiterated
Show All
TeraForce Technology Corporation (TERA)
- - -
Sell
- - -
$0.04
7/12/2005
Reiterated
Show All
Wave Systems Corp. (WAVX)
$0.69
Strong Spec. Buy
$2.00
$0.69
5/17/2005
Reiterated
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William L. Valentine IV, CFA
Raining Data Corporation (RDTA)
$3.45
Neutral
$3.00
$2.15
5/27/2005
Reiterated
Show All

Sally H. Wallick, CFA
Clearant, Inc. (CLRI)
$2.30
Speculative Buy
$5.50
$4.18
8/5/2005
Reiterated
Show All
LJ International Inc. (JADE)
$3.36
Strong Spec. Buy
$4.80
$3.03
9/16/2005
Reiterated
Show All
O2Diesel Corp (OTD)
$0.45
Speculative Buy
- - -
$0.90
9/15/2005
Reiterated
Show All
Touchstone Applied Science Associates, Inc. (TASA)
$4.00
Strong Buy
$5.50
$3.50
5/7/2004
Reiterated
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Richard W. West, CFA
21st Century Holding Co (TCHC)
$17.09
Strong Buy
$20.00
$15.10
7/28/2004
Reiterated
Show All
Ampex Corporation (AMPX)
$21.70
Strong Buy
$50.00
$47.45
1/19/2005
Reiterated
Show All
Blue Point Energy, Inc. (CPEU)
$0.22
Neutral
- - -
$0.35
12/4/2004
Reiterated
Show All
Cap Rock Energy Corporation (RKE)
$20.58
Sell
$21.75
$20.75
11/7/2005
Reiterated
Show All
China Energy Savings Technology, Inc (CESV)
$8.63
Strong Spec. Buy
$13.75
$6.33
10/11/2005
Reiterated
Show All
Electric City Corp (ELC)
$0.58
Strong Spec. Buy
$1.80
$2.50
11/17/2003
Reiterated
Show All
Forgent Networks, Inc. (FORG)
$2.10
Strong Buy
$5.00
$1.79
12/21/2004
Reiterated
Show All
Joystar Inc. (JYSR)
$0.23
Speculative Buy
$1.00
$0.48
7/19/2005
Reiterated
Show All
Paulson Capital Corp (PLCC)
$11.91
Strong Spec. Buy
$16.25
$11.25
10/21/2005
Reiterated
Show All
Telkonet Inc (TKO)
$4.48
Speculative Buy
$6.25
$4.94
11/8/2005
Reiterated
Show All
TMSF Holdings, Inc. (TMFZ)
$2.69
Strong Buy
$3.70
$3.10
5/26/2005
Reiterated
Show All
U.S. MedSys Corp (UMSY)
$0.30
Avoid
- - -
$0.86
6/3/2005
Reiterated
Show All

Richard R. Wolfe, CFA
Aurora Oil & Gas (CDNR)
$4.48
Strong Buy
$7.08
$4.07
11/18/2005
Reiterated
Show All
National Coal Corporation (NCOC)
$7.00
Buy
$9.50
$6.40
5/12/2005
Reiterated/Update
Show All
Sky Petroleum, Incorporated (SKPI)
$1.88
Buy
$2.75
$2.20
11/17/2005
Reiterated
Show All

Sean Yu
China Digital Wireless, Inc. (CHDW)
$1.77
Strong Spec. Buy
$4.00
$1.80
7/21/2005
Change
Show All
Puda Coal Inc. (PUDC)
$2.00
Strong Spec. Buy
$2.80
$1.30
9/7/2005
Initial
Show All
Qiao Xing Universal Telephone, Inc. (XING)
$7.50
Strong Buy
$10.50
$5.37
5/18/2005
Reiterated
Show All
SORL Auto Parts (SAUP)
$5.05
Speculative Buy
$6.50
$5.05
12/23/2005
Change
Show All
Yantai Dahua Holdings Company Limited (YDHCE)
$0.02
Speculative Buy
$0.50
$0.11
2/11/2005
Initial
Show All

Yan Zhao
Deli Solar (USA), Inc., (DLSL)
$9.50
Buy
$7.35
$4.35
8/29/2005
Initial
Show All

Jonathan H. Ziegler, CFA
Access Integrated Technologies, Inc. (AIX)
$10.60
Strong Spec. Buy
$14.00
$8.03
11/30/2005
Reiterated
Show All
Cyanotech Corporation (CYAN)
$0.58
Neutral
$1.60
$1.40
12/22/2004
Reiterated
Show All
Pathmark Stores, Inc. (PTMK)
$10.25
Speculative Buy
$14.00
$5.48
9/20/2004
Reiterated
Show All
Smart & Final (SMF)
$13.64
Buy
$15.00
$12.73
7/15/2004
Reiterated
Show All

Information, opinions or recommendations contained in this research report or research note are submitted solely for advisory and information purposes. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Such information and the opinions expressed are subject to change without notice. This research report or note is not intended as an offering or a solicitation of an offer to buy or sell the securities mentioned or discussed. Neither the Firm, its principals, nor the assigned analysts own or trade shares of any company covered. The Firm does not accept any equity compensation. Anyone may enroll a company for research coverage, which currently costs US $35,000 prepaid for one-year. Reports are performed on behalf of the public, and are not a service to any company. The analysts are responsible only to the public, and are paid in advance to eliminate pecuniary interests and insure independence. Please read full disclosure and other reports and notes on the Company at www.JMDutton.com.

The views expressed in this research report or note accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by JM Dutton and Associates is in any way related to the specific recommendations or views contained in this research report or note.

J.M.Dutton & Associates, LLC. John M. Dutton, President and Supervisory Analyst, 4989 Golden Foothill Parkway, Suite 3, El Dorado Hills, CA 95762 Phone (916) 941-8119, Fax (916) 941-8093

© Copyright 2004 by J.M. Dutton & Associates, LLC.