STEMCELLS, INC. Closed position 12/28/04 at $4.24 for a 71% GAIN.

AXM PHARMA. Closed position 12/22/04 at $3.55 for a 53% GAIN.

SCM MICROSYSTEMS. Closed position 12/7/04 at $4.56 for a 57% GAIN.

VASCO DATA SECURITY. Closed position 11/26/04 at $6.35 for a 115% GAIN.

CE FRANKLIN. Closed position 11/26/04 at $3.84 for a 2% GAIN.

DIGITAL POWER. Closed position 11/26/04 at $1.11 for a 44% LOSS.

IONA TECHNOLOGIES. Closed position 10/14/04 at $4.82 for a 53% GAIN.

CONVERA CORP. Closed position 10/5/04 at $4.20 for a 60% GAIN.

GIGAMEDIA. Closed position 10/5/04 at $1.55 for a 55% GAIN.

GENETRONICS. Closed position 10/5/04 at $2.87 for a 55% LOSS.
(price reflects 1 for 4 reverse split)

ZI CORPORATION. Closed position 10/1/04 at $3.45 for a 57% GAIN.

ANALYSTS INTERNATIONAL. Closed position 9/30/04 at $4.58 for a 54% GAIN.

QUIDEL CORP. Closed position 9/13/04 at $4.92 for a 56% GAIN.

TEGAL CORP. Closed position 9/13/04 at $1.40 for a 55% GAIN.

DOR BIO. Closed position 9/13/04 at 57¢ for a 77% LOSS.

METRON TECHNOLOGY. Closed position 8/17/04 at $4.39 for a 80% GAIN.

CRYO CELL INTERNATIONAL. Closed position 6/22/04 at $1.88 for a 71% GAIN.

ORTHOVITA. Closed position 6/8/04 at $5.06 for a 51% GAIN.

PINNACLE DATA SYSTEMS. Closed position 4/27/04 at $3.88 for a 61% GAIN.

SATCON TECHNOLOGY. Closed position 4/16/04 at $3.92 for a 60% GAIN.

A.P. PHARMA, INC. Closed position 3/23/04 at $3.76 for a 60% GAIN.

HAUPPAUGE DIGITAL. Closed position 3/18/04 at $6.19 for a 71% GAIN.

IMAGEWARE SYSTEMS. Closed position 3/5/04 at $5.23 for a 59% GAIN.

MCF CORPORATION. Closed position 3/1/04 at $3.08 for a 54% GAIN.

ALLOS THERAPEUTICS. Closed position 2/19/04 at $5.08 for a 54% GAIN.

ABRAXAS PETROLEUM. Closed position 1/29/04 at $2.75 for a 56% GAIN.

HEMISPHERX BIOPHARMA. Closed position 1/29/04 at $3.85 for a 54% GAIN.

METASOLV, INC. Closed position 1/21/04 at $3.60 for a 64% GAIN.

DISTRIBUTED ENERGY. Closed position 1/21/04 at $3.30 for a 50% GAIN.

CURON MEDICAL. Closed position 1/20/04 at $5.35 for a 67% GAIN.

DRAXIS HEALTH. Closed position 1/20/04 at $4.50 for a 50% GAIN.

VIEWPOINT. Closed position 1/20/04 at 91¢ for a 68% LOSS.

MISONIX, INC. Closed position 1/14/04 at $6.15 for a 68% GAIN.

JMAR TECHNOLOGIES. Closed position 1/12/04 at $4.68 for a 70% GAIN.

NUVELO, INC. Closed position 1/12/04 at $4.80 for a 68% GAIN.

ACCESS PHARMACEUTICALS. Closed position 1/8/04 at $6.45 for a 57% GAIN.

JACADA, LTD. Closed position 1/7/04 at $4.45 for a 81% GAIN.

AIRSPAN NETWORKS. Closed position 1/7/04 at $3.98 for a 62% GAIN.

SIRIUS SATELLITE RADIO. Closed position 1/5/04 at $4.10 for a 86% GAIN.

DIOMED. Closed position 1/5/04 at 30¢ for a 85% LOSS.

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