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[TTHQ Staff]

The VRTrader.com VR Platinum Newsletter Tuesday 5/31/05
"Tools for the High Performance Trader"
Copyright © 2005, All rights reserved.
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LEIBOVIT FILES | by Mark Leibovit
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Leibovit Files
Tuesday, May 31, 2005


Opening Comments


Economic Data and events May 31-June 3:
---------------------------------------------
TUESDAY, May 31:

Chicago PMI for May (10 am ET)
Consumer Confidence Index for April (10 am ET)
Farm Prices for April (3 pm ET)
Treasury auctions 3&6-month bills
---------------------------------------------
WEDNESDAY, June 1:

Weekly Chain Store Sales (8:55 am ET)
ISM Manufacturing Index for May (10 am ET)
Construction Spending for April (10 am ET)
Auto Sales for May
---------------------------------------------
THURSDAY, June 2:

Productivity Index for 1st Qtr (8:30 am ET)
Weekly Initial Jobless Claims (8:30 am ET)
Challenger Layoffs for April (10 am ET)
Factory Orders for April (10 am ET)
EIA Petroleum Status Report (10:30 am ET)
Weekly Money Supply (4:30 pm ET)
---------------------------------------------
FRIDAY, June 3:


Employment Report for May (8:30 am ET)
ISM Non-Manufacturing Index for May (10 am ET)
---------------------------------------------
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We hope all of you had a safe and happy Memorial Day weekend. But, we also
hope you took time to show your respects for those who in the past and now
in Iraq are giving their lives for our freedom.

It sounds like a broken record, but end of the month 'window dressing' and
the somewhat cyclical summer rally prevailed on Friday insofar as the S&P
500, Midcap 400 and the Russell 2000 were concerned - all posting new
recovery highs as compared to their April lows. The Nasdaq and Dow
Industrials lagged, but the internal market as measured by advances to
declines on both the Big Board and Nasdaq posted slightly higher highs.
All together - the market still appears to be good shape, but we're only
inclined to buy dips. Why? As you know though we feel the market may be a
short-term rally phase (a rally phase we have predicted), we're still
inclined to believe there could still be intermediate term risk (back
under the April lows) once the current Nasdaq euphoria passes. As always
we try to keep an open mind and ultimately we are taking only trading
positions - but our forecast remains unchanged at this time. As the song
from Carousel goes: 'Will June be busting out all over' in the markets or
will we see a period of rest? Our best guess is a period of rest before
we see the final top around the Summer Solstice.

Over the weekend we learned that France voted against the constitution of
the European Union, more evidence that France has become a renegade state.
Look at France's rejection of the American effort to oust Saddam Hussein
and its growing internal Islamic influence - not to mention widespread
anti-semitism. In a way they have become more of our enemey than our
friends. The vote against the Europen Union lessens Europe's ability to
strengthen itself economically. This action may weaken the Euro and could
support a further rally in the Dollar which we have been predicting for
months and it may also as a result impact the price of gold. It should be
interesting to see how these markets respond to the news.


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PORTFOLIO UPDATE | by Mark Leibovit
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VR Platinum Portfolio Update
Tuesday, May 31, 2005

Pre-Market

New Buy/Short
----------------------------------
HMY - Buy @ 7.18-7.25. Target: 9.00. Stop: 5.95
BRCM - Short @ Market. Target: 34.00. Stop: 36.72


New Changes
----------------------------------
ASA - Changed Target From 38.00-39.00 To Market
ASA - Note: Take profits.
AEM - Changed Target From 13.00-13.25 To Market
AEM - Note: Take profits.
NEM - Changed Target From 39.60 To Market
NEM - Note: Take profits.
ADPT - Changed Entry Range From 3.80-3.90 To 3.70-3.75


New Cancels
----------------------------------
AAPL - Cancelled


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WATCHLIST
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LONGS
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SIRF - SIRF Technology Holdings 11.95

COMPANY PROFILE:

WHY WE LIKE IT:
SIRF exploded out of a pullback on Friday, March 11 with very heavy
buying.

SiRF Technology Holdings Inc. is a supplier of global positioning system
(GPS) semiconductor solutions designed to provide location awareness
capabilities in high-volume mobile consumer and commercial applications.
The Company develops semiconductor solutions designed to utilize GPS to
enable location awareness in high-volume mobile consumer devices and
commercial systems. It markets and sells its products in four target
platforms: wireless handheld, automotive, portable computing devices and
dedicated or embedded consumer and commercial devices. The Company's
products have been integrated into such mobile consumer devices as mobile
phones, automobile navigation systems, personal digital assistants,
handheld navigation devices and GPS-based peripheral devices, as well as
into commercial systems, such as fleet management and road-tolling
systems. Its product lines are available to original equipment
manufacturer (OEM) customers in four forms: chipsets, modules, IP cores
and software.

POTENTIAL TRIGGER:
Wait for a break of the downtrend line which is currently around 12. SIRF
will probably consolidate some here. Aggressive investors can start
accumulating shares now. Place your stop below the March 8 low of 10.51.
Looking for 16 - 18.


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PTF - Petrofund Energy Trust 14.62

WHY WE LIKE IT:
This is a Canadian trust that pays out well on dividends. It averaged
about a .12/share monthly dividend in 2004. It has bounced sharply higher
after finding support at its 200 day moving average.

Petrofund Energy Trust (formerly NCE Petrofund) is an open-ended
investment trust whose primary source of income is from 99% net royalty
interests granted by its two wholly owned subsidiaries, PC and PVT
(formerly Ultima Ventures Trust). PC acquires, manages and disposes of
petroleum and natural gas rights and royalties and related property rights
and interests located primarily in western Canada. PC also holds the legal
interest to all properties beneficially owned by PVT. PVT receives 99% of
the net revenue from these properties, which it in turn pays out to
Petrofund in the form of the 99% net royalty noted above. In addition, PC
may acquire royalties or other property interests or securities of other
resource issuers. The Trust may also purchase directly or indirectly
securities of oil and gas companies, oil and gas properties and other
related assets. On June 16, 2004, PC acquired Ultima.


POTENTIAL TRIGGER:
Buy at market with a stop below the March 30 low at 13.40. This is one
that could provide good income AND price appreciation.


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GNA - Gerdau Ameristeel 4.56

WHY WE LIKE IT:
We believe GNA is making its seven week cycle low in this area. It staged
a decent looking reversal up on May 17. Steel stocks are very much
oversold at this point and GNA looks like a coiled spring ready to bounce
back.

Gerdau Ameristeel Corporation is a large minimill steel producer in North
America, with annual manufacturing capacity of over 8.4 million tons of
mill finished steel products. Through its vertically integrated network of
15 minimills (including one 50%-owned minimill), 16 scrap-recycling
facilities and 42 downstream operations, Gerdau Ameristeel primarily
serves customers in the eastern two thirds of North America. The Company's
products are generally sold to steel service centers, steel fabricators or
directly to original equipment manufacturers (OEMs) for use in a variety
of industries, including construction, cellular and electrical
transmission, automotive, mining and equipment manufacturing. Gerdau
Ameristeel is an indirect subsidiary of, and controlled by, Brazilian
steelmaker, Gerdau S.A. The Company's operations are segmented into two
operating divisions: Minimills and Downstream operations.


POTENTIAL TRIGGER:
Buy at market with a stop below the May 17 low of 4.35. Target 6.00.


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CALM - Cal-Maine Foods Inc 6.02

WHY WE LIKE IT:
Cal-Maine has seen an extended, relentless decline over the last couple of
months. It formed a bullish outside bar on Wednesday, May 25. Momentum
indicators are also showing a bullish divergence.

Cal-Maine Foods, Inc., is primarily engaged in the production, cleaning,
grading, packaging and distribution of fresh shell eggs for sale to shell
egg retailers. The Company had sales of approximately 605 million dozen
shell eggs during the fiscal year ended May 29, 2004 (fiscal 2004). It
primarily markets shell eggs in the southwestern, southeastern,
mid-western and mid-Atlantic regions of the United States. The Company
markets its shell eggs through its distribution network to a diverse group
of customers, including national and regional grocery store chains, club
stores, foodservice distributors and egg product manufacturers. The
Company also produces and markets value-added specialty shell eggs in the
United States. Specialty shell eggs include reduced cholesterol, cage free
and organic eggs.


POTENTIAL TRIGGER:
Buy at market with a stop below the May 25 low of 5.72. Target 9.00.


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WJCI - WJ Communications Inc 1.91

WHY WE LIKE IT:
WJCI has been rattling around its May 13 low for almost two weeks now. It
tested the low on May 25 and closed higher on above average volume. It is
also in the vicinity of a low made in October 2004. Momentum indicators
are showing a bullish divergence as well. WJCI could take off soon.

WJ Communications, Inc. is a radio frequency (RF) devices company
providing radio frequency products worldwide to communications equipment
companies and service providers. The Company designs, develops and
manufacture products for both current and next-generation wireless and
wireline networks, defense and homeland security systems and RF
identification systems (RFID). Its products comprise highly functional RF
semiconductors, components and integrated assemblies that seek to address
the RF requirements of these various systems. The portfolio of RF
technology products offered by the Company includes amplifiers, mixers,
transistors and multi-chip modules, and RFID readers and reader modules.
The Company sells its products principally to distributors and original
equipment manufacturers, including their manufacturing subcontractors.


POTENTIAL TRIGGER:
Buy at market with a stop below the May 25 low of 1.76. Target 3.50.


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SHORTS
----------------

Sorry, no Short Watchlist to Report

Suggestions? Comments? on the newsletter service.
We would like to hear from each and everyone of
our subscribers. Our email is mark@vrsurvey.com.

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TIMER DIGEST MARKET SIGNALS
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For Friday, May 27, 2005


STOCKS: Neutral
BONDS: Neutral
GOLD: Bullish

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CURRENT PORTFOLIO
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Click here to see our Current Portfolio:

http://www.vrtrader....lays/stocks.asphttp://www.vrtrader.com/VR_PLATINUM/plays/stocks.asp


=================================================================
NEW PICKS
=================================================================
Based on either Bullish or Bearish technical signals and the
Volume Reversal™ methodology, these stock picks look
primed to make a move. No trading system is 100% accurate and
care should be taken to consider market conditions before
entering any trade. Not all trades are suitable for all
investors and each investor should consider their own risk
profile before making a decision.


Format:
Symbol - Company Name
Buy @ = this is the strategic range picked by the VR staff.
Target: = estimated destination of equity during life of play.
Stop: = recommended* stop loss considering equity volatility.
*stop losses should be placed according to your own risk
tolerance.


=================================================================
RISK MANAGEMENT STRATEGY
When a stock declines/rallies 1 point or more from the price at
which bought or sold short, we will raise/lower stop to cost. This
will limit the potential loss on a trade. For each additional 1
point move, a further adjustment is made.
=================================================================


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CURRENT BULLISH STOCK PICKS
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[Reserved for Platinum Subscribers]

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CURRENT BULLISH INDEX PICKS
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[Reserved for Platinum Subscribers]

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CURRENT BEARISH STOCK PICKS
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[Reserved for Platinum Subscribers]

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CURRENT BEARISH INDEX PICKS
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[Reserved for Platinum Subscribers]

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EXITED BULLISH STOCK PICKS FOR THE PREVIOUS 30 DAYS
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RNO - Picked(5/18/04): 1.24 Exited(5/23/05): 1.23 Result: -0.01
AEM - Picked(4/11/05): 14.43 Exited(5/9/05): 13.07 Result: -1.36
AMHC - Picked(4/26/05): 37.90 Exited(5/6/05): 38.46 Result: 0.56
IPSU - Picked(4/26/05): 13.50 Exited(5/5/05): 12.90 Result: -0.60
AEXCA- Picked(5/2/05): 30.60 Exited(5/3/05): 28.95 Result: -1.65
IVAN - Picked(5/2/05): 2.36 Exited(5/6/05): 2.44 Result: 0.08
LUFK - Picked(5/2/05): 31.20 Exited(5/3/05): 30.40 Result: -0.80
HDI - Picked(5/3/05): 47.50 Exited(5/6/05): 49.00 Result: 1.50
ASA - Picked(5/4/05): 35.00 Exited(5/9/05): 35.05 Result: 0.05
HL - Picked(5/4/05): 4.83 Exited(5/9/05): 4.82 Result: -0.01
PDG - Picked(5/4/05): 13.50 Exited(5/9/05): 13.88 Result: 0.38
QTWW - Picked(5/9/05): 3.68 Exited(5/20/05): 3.44 Result: -0.24
GRU - Picked(5/10/05): 18.25 Exited(5/11/05): 16.45 Result: -1.80
IWOV - Picked(5/13/05): 7.50 Exited(5/16/05): 7.25 Result: -0.25
SIL - Picked(5/16/05): 11.74 Exited(5/23/05): 11.75 Result: 0.01
AEM - Picked(5/17/05): 11.18 Exited(5/23/05): 11.01 Result: -0.17
UCL - Picked(5/18/05): 54.85 Exited(5/24/05): 55.45 Result: 0.60
HMY - Picked(5/19/05): 6.75 Exited(5/23/05): 7.40 Result: 0.65
AAPL - Picked(5/20/05): 37.34 Exited(5/24/05): 39.45 Result: 2.11

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EXITED BULLISH INDEX PICKS FOR THE PREVIOUS 30 DAYS
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SPY - Picked(5/2/05): 116.45 Exited(5/4/05): 117.01 Result: 0.56
HHH - Picked(5/5/05): 53.80 Exited(5/6/05): 54.71 Result: 0.91
SPY - Picked(5/5/05): 116.85 Exited(5/6/05): 117.64 Result: 0.79
XLE - Picked(5/18/05): 39.66 Exited(5/24/05): 40.37 Result: 0.71
DIA - Picked(5/19/05): 104.15 Exited(5/23/05): 104.63 Result: 0.48
IBB - Picked(5/19/05): 67.50 Exited(5/23/05): 66.95 Result: -0.55


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EXITED BEARISH STOCK PICKS FOR THE PREVIOUS 30 DAYS
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RYL - Picked(5/10/05): 62.84 Exited(5/16/05): 60.25 Result: 2.59
DF - Picked(5/20/05): 38.24 Exited(5/20/05): 38.70 Result: -0.46

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EXITED BEARISH INDEX PICKS FOR THE PREVIOUS 30 DAYS
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XLE - Picked(4/27/05): 41.91 Exited(5/2/05): 40.60 Result: 1.31
OIH - Picked(5/4/05): 89.54 Exited(5/4/05): 89.54 Result: 0.00
XLE - Picked(5/4/05): 40.31 Exited(5/4/05): 40.64 Result: -0.33
OIH - Picked(5/5/05): 93.05 Exited(5/11/05): 91.13 Result: 1.92
SPY - Picked(5/5/05): 117.11 Exited(5/11/05): 117.11 Result: 0.00
VNQ - Picked(5/9/05): 55.05 Exited(5/9/05): 55.60 Result: -0.55
QQQQ - Picked(5/11/05): 35.41 Exited(5/12/05): 36.06 Result: -0.65
QQQQ - Picked(5/12/05): 36.09 Exited(5/13/05): 36.25 Result: -0.16
SPY - Picked(5/12/05): 117.23 Exited(5/16/05): 116.14 Result: 1.09
IBB - Picked(5/16/05): 66.65 Exited(5/18/05): 67.14 Result: -0.49
DIA - Picked(5/23/05): 104.63 Exited(5/23/05): 105.21 Result: -0.58
IWM - Picked(5/23/05): 121.35 Exited(5/23/05): 121.75 Result: -0.40
QQQQ - Picked(5/25/05): 37.68 Exited(5/26/05): 38.01 Result: -0.33
SPY - Picked(5/25/05): 119.10 Exited(5/26/05): 120.05 Result: -0.95

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============================================================
DISCLAIMER
============================================================


This newsletter is a publication dedicated to the education
of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding trading in stocks. It
is possible at this or some subsequent date, the editors and
staff of VRTrader.com may own, buy or sell securities
presented. All investors should consult a qualified professional
before trading in any security. The information provided has
been obtained from sources deemed reliable but is not
guaranteed as to accuracy or completeness. VRTrader.com
staff makes every effort to provide timely information to its
subscribers but cannot guarantee specific delivery times due to
factors beyond our control.


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