Research Coverage

Rated coverage as of 12/23/2005. Each row carries the rating, the twelve-month price target, the price at the time the rating was established and the covering analyst.

Automotive

Companies rated in Automotive
Company	Recent price	Rating	Price target	Rating established	Analyst
SAUP SORL Auto Parts	$5.05	Speculative Buy	$6.50	12/23/2005	Sean Yu

Banks, Financial Services & Insurance

Companies rated in Banks, Financial Services & Insurance
Company	Recent price	Rating	Price target	Rating established	Analyst
TCHC 21st Century Holding Co	$17.09	Strong Buy	$20.00	07/28/2004	Richard W. West, CFA
TMFZ TMSF Holdings, Inc.	$2.69	Strong Buy	$3.70	05/26/2005	Richard W. West, CFA
PLCC Paulson Capital Corp	$11.91	Strong Spec. Buy	$16.25	10/21/2005	Richard W. West, CFA

Business & Support Services

Companies rated in Business & Support Services
Company	Recent price	Rating	Price target	Rating established	Analyst
FSVP FIND/SVP Inc	$1.27	Strong Buy	$2.40	11/21/2005	David Riedel
GFX Media Sciences International, Inc	$2.47	Buy	$3.00	04/28/2004	David Riedel
PFSW PFSweb Inc	$1.30	Speculative Buy	$3.00	02/28/2005	David P. Soetebier, CFA
EASYE EasyLink Services Corporation	$0.92	Neutral	- - -	08/23/2005	Paul J. Resnik, CFA
WHAIE World Health Alternatives, Inc.	$0.04	Neutral	- - -	08/26/2005	David Riedel

Chemicals

Companies rated in Chemicals
Company	Recent price	Rating	Price target	Rating established	Analyst
LSCO LESCO, Inc.	$15.40	Buy	$18.00	01/07/2005	Paul J. Resnik, CFA
CESV China Energy Savings Technology, Inc	$8.63	Strong Spec. Buy	$13.75	10/11/2005	Richard W. West, CFA

Computers, Technology & Internet

Companies rated in Computers, Technology & Internet
Company	Recent price	Rating	Price target	Rating established	Analyst
AMSWA American Software Inc	$6.40	Strong Buy	$8.00	01/03/2005	David P. Soetebier, CFA
FORG Forgent Networks, Inc.	$2.10	Strong Buy	$5.00	12/21/2004	Richard W. West, CFA
IGLD Internet Gold-Golden Lines Ltd	$5.43	Strong Buy	$9.50	09/25/2005	Rafael K. Kapelinski
OTIV On Track Innovations Ltd.	$13.75	Strong Buy	$18.00	06/02/2005	Rafael K. Kapelinski
PPDA Pipeline Data Inc.	$1.10	Strong Buy	$2.00	01/25/2005	David Riedel
EWEB Euroweb International Corp.	$3.73	Buy	$5.00	07/14/2005	Rafael K. Kapelinski
VISRF Visiphor Corporation	$0.30	Buy	$1.00	07/07/2005	Rafael K. Kapelinski
VERT Verticalnet Inc.	$0.62	Strong Spec. Buy	$1.80	09/27/2005	David Riedel
WAVX Wave Systems Corp.	$0.69	Strong Spec. Buy	$2.00	05/17/2005	David P. Soetebier, CFA
XAR XAAR Plc	$4.81	Neutral	$5.28	10/07/2005	Rafael K. Kapelinski

Consumer & Retail Products

Companies rated in Consumer & Retail Products
Company	Recent price	Rating	Price target	Rating established	Analyst
SMF Smart & Final	$13.64	Buy	$15.00	07/15/2004	Jonathan H. Ziegler, CFA
GFME George Foreman Enterprises Inc.	$4.81	Strong Spec. Buy	$6.00	12/13/2005	Gerald F. LaKarnafeaux, CFA
JADE LJ International Inc.	$3.36	Strong Spec. Buy	$4.80	09/16/2005	Sally H. Wallick, CFA
PTMK Pathmark Stores, Inc.	$10.25	Speculative Buy	$14.00	09/20/2004	Jonathan H. Ziegler, CFA
CYAN Cyanotech Corporation	$0.58	Neutral	$1.60	12/22/2004	Jonathan H. Ziegler, CFA

Electronics & Engineering

Companies rated in Electronics & Engineering
Company	Recent price	Rating	Price target	Rating established	Analyst
AMPX Ampex Corporation	$21.70	Strong Buy	$50.00	01/19/2005	Richard W. West, CFA
ELRN Elron Electronic Industries LTD.	$11.16	Strong Buy	$15.00	09/08/2005	Barry Raeburn
LTRX Lantronix, Inc.	$1.63	Strong Spec. Buy	$2.00	10/31/2005	David P. Soetebier, CFA
TERA TeraForce Technology Corporation	- - -	Sell	- - -	07/12/2005	David P. Soetebier, CFA

Food Manufacturing & Products

Companies rated in Food Manufacturing & Products
Company	Recent price	Rating	Price target	Rating established	Analyst
NTRZ NutraCea	$0.78	Strong Buy	$1.80	12/07/2005	Gerald F. LaKarnafeaux, CFA
VSF Vita Food Products, Inc.	$1.83	Speculative Buy	$3.00	08/04/2005	Gerald F. LaKarnafeaux, CFA

Healthcare, Biotechnology & Pharmaceutical

Companies rated in Healthcare, Biotechnology & Pharmaceutical
Company	Recent price	Rating	Price target	Rating established	Analyst
ACDI Arcadia Resources, Inc.	$2.65	Strong Buy	$3.50	02/16/2005	David Riedel
NXXI Nutrition 21 Inc	$0.64	Strong Buy	$1.70	05/10/2005	William R. Prather, RPh, MD
TRIB Trinity Biotech plc	$8.09	Strong Buy	$12.00	09/07/2005	Stephen L. Handley
APPA A.P. Pharma, Inc.	$1.45	Strong Spec. Buy	$3.00	11/04/2005	Stephen L. Handley
ASTM Aastrom Biosciences, Inc.	$2.29	Strong Spec. Buy	$2.50	04/10/2003	William R. Prather, RPh, MD
ABOS Arbios Systems, Inc.	$1.84	Strong Spec. Buy	$9.90	01/24/2005	Bal Bagwat, MD, CFA
BSMD Biosphere Medical Inc	$7.71	Strong Spec. Buy	$9.00	07/07/2005	Stephen L. Handley
NEOP Neoprobe Corporation	$0.28	Strong Spec. Buy	$1.00	09/07/2005	William R. Prather, RPh, MD
NTII Neurobiological Technologies, Inc.	$3.55	Strong Spec. Buy	$8.00	11/03/2004	William R. Prather, RPh, MD
NYMX Nymox Pharmaceutical Corporation	$2.10	Strong Spec. Buy	$6.25	11/17/2005	William R. Prather, RPh, MD
PARS Pharmos Corporation	$2.02	Strong Spec. Buy	$3.75	11/03/2005	William R. Prather, RPh, MD
ALRX AlphaRx	$0.07	Speculative Buy	$0.25	11/03/2004	Stephen L. Handley
AMRN Amarin Corporation plc	$1.10	Speculative Buy	$4.50	09/22/2003	Ted Gomoll, CFA
AVII AVI Biopharma Inc.	$3.61	Speculative Buy	$5.00	11/16/2005	Stephen L. Handley
BPA BioSante Pharmaceuticals, Inc.	$3.70	Speculative Buy	$10.00	06/16/2003	Stephen L. Handley
CLGY Cellegy Pharmaceuticals Inc	$0.81	Speculative Buy	$2.00	05/13/2005	Bal Bagwat, MD, CFA
CHKT Chemokine Therapeutics Corporation	$1.14	Speculative Buy	$1.75	10/17/2005	William R. Prather, RPh, MD
CLRI Clearant, Inc.	$2.30	Speculative Buy	$5.50	08/05/2005	Sally H. Wallick, CFA
CYGX CytoGenix, Inc.	$0.84	Speculative Buy	$0.90	07/17/2002	William R. Prather, RPh, MD
VSGN Vasogen Inc.	$1.92	Speculative Buy	$10.00	11/15/2004	William R. Prather, RPh, MD
APNS Applied NeuroSolutions Inc	$0.34	Neutral	- - -	06/28/2005	Ted Gomoll, CFA
DRAX Draxis Health Inc	$4.35	Neutral	- - -	12/12/2005	William R. Prather, RPh, MD
INMD IntegraMed America Inc	$13.69	Neutral	$10.50	08/26/2005	David Riedel
MRY Memry Corporation	$1.88	Neutral	- - -	12/07/2005	William R. Prather, RPh, MD
MCET MultiCell Technologies, Inc	$0.65	Neutral	- - -	09/16/2005	William R. Prather, RPh, MD
UMSY U.S. MedSys Corp	$0.30	Avoid	- - -	06/03/2005	Richard W. West, CFA
GLGS GlycoGenesys, Inc.	$0.49	Not Rated	- - -	11/11/2005	William R. Prather, RPh, MD

Industrial & Manufacturing

Companies rated in Industrial & Manufacturing
Company	Recent price	Rating	Price target	Rating established	Analyst
DXPE DXP Enterprises Inc	$17.87	Strong Buy	$24.80	10/27/2005	Paul J. Resnik, CFA
IBTGF International Barrier Technology Inc	$0.76	Speculative Buy	$1.44	09/06/2005	Gerald F. LaKarnafeaux, CFA
YDHCE Yantai Dahua Holdings Company Limited	$0.02	Speculative Buy	$0.50	02/11/2005	Sean Yu

Leisure & Entertainment

Companies rated in Leisure & Entertainment
Company	Recent price	Rating	Price target	Rating established	Analyst
AIX Access Integrated Technologies, Inc.	$10.60	Strong Spec. Buy	$14.00	11/30/2005	Jonathan H. Ziegler, CFA
JYSR Joystar Inc.	$0.23	Speculative Buy	$1.00	07/19/2005	Richard W. West, CFA

Metals & Mining

Companies rated in Metals & Mining
Company	Recent price	Rating	Price target	Rating established	Analyst
SA Seabridge Gold Inc	$9.85	Strong Buy	$16.50	12/20/2005	Les W. Childress
APP African Platinum plc	$0.37	Speculative Buy	$1.20	01/11/2005	Les W. Childress
SIL Apex Silver Mines Ltd	$15.76	Neutral	- - -	11/08/2005	Les W. Childress

Oil, Gas & Energy

Companies rated in Oil, Gas & Energy
Company	Recent price	Rating	Price target	Rating established	Analyst
CDNR Aurora Oil & Gas	$4.48	Strong Buy	$7.08	11/18/2005	Richard R. Wolfe, CFA
PHX Panhandle Royalty Company	$41.83	Strong Buy	$50.00	03/03/2003	Les W. Childress
DLSL Deli Solar (USA), Inc.,	$9.50	Buy	$7.35	08/29/2005	Yan Zhao
FXEN FX Energy	$8.99	Buy	$17.00	07/20/2004	Les W. Childress
YGA Gastar Exploration Ltd.	$3.69	Buy	$5.50	09/10/2003	Les W. Childress
MXC Mexco Energy Corporation	$7.43	Buy	$13.00	10/18/2005	Les W. Childress
NCOC National Coal Corporation	$7.00	Buy	$9.50	05/12/2005	Richard R. Wolfe, CFA
SKPI Sky Petroleum, Incorporated	$1.88	Buy	$2.75	11/17/2005	Richard R. Wolfe, CFA
ELC Electric City Corp	$0.58	Strong Spec. Buy	$1.80	11/17/2003	Richard W. West, CFA
PEIX Pacific Ethanol, Inc.	$10.14	Strong Spec. Buy	$15.80	12/02/2005	Paul J. Resnik, CFA
PUDC Puda Coal Inc.	$2.00	Strong Spec. Buy	$2.80	09/07/2005	Sean Yu
OTD O2Diesel Corp	$0.45	Speculative Buy	- - -	09/15/2005	Sally H. Wallick, CFA
USEG US Energy Corp	$4.47	Speculative Buy	$6.50	07/12/2004	Les W. Childress
CPEU Blue Point Energy, Inc.	$0.22	Neutral	- - -	12/04/2004	Richard W. West, CFA

Publishing & Media

Companies rated in Publishing & Media
Company	Recent price	Rating	Price target	Rating established	Analyst
TASA Touchstone Applied Science Associates, Inc.	$4.00	Strong Buy	$5.50	05/07/2004	Sally H. Wallick, CFA

Software

Companies rated in Software
Company	Recent price	Rating	Price target	Rating established	Analyst
TISA Top Image Systems Ltd	$2.89	Strong Buy	$4.00	11/28/2005	Rafael K. Kapelinski
IW ImageWare Systems, Inc.	$2.02	Buy	$3.25	06/15/2005	Rafael K. Kapelinski
UNFY Unify Corp	$0.35	Strong Spec. Buy	$0.65	07/06/2005	Rafael K. Kapelinski
PCLI Protocall Technologies Incorporated	$0.15	Neutral	- - -	06/20/2005	Rafael K. Kapelinski
RDTA Raining Data Corporation	$3.45	Neutral	$3.00	05/27/2005	William L. Valentine IV, CFA

Telecommunications

Companies rated in Telecommunications
Company	Recent price	Rating	Price target	Rating established	Analyst
ISR I-Sector Corporation	$5.21	Strong Buy	$10.00	09/16/2004	David P. Soetebier, CFA
XING Qiao Xing Universal Telephone, Inc.	$7.50	Strong Buy	$10.50	05/18/2005	Sean Yu
CHDW China Digital Wireless, Inc.	$1.77	Strong Spec. Buy	$4.00	07/21/2005	Sean Yu
GGBM GigaBeam Corp	$7.65	Strong Spec. Buy	$22.00	11/18/2005	David Riedel
TKO Telkonet Inc	$4.48	Speculative Buy	$6.25	11/08/2005	Richard W. West, CFA

Utilities

Companies rated in Utilities
Company	Recent price	Rating	Price target	Rating established	Analyst
RKE Cap Rock Energy Corporation	$20.58	Sell	$21.75	11/07/2005	Richard W. West, CFA