IIC's Winners Watchlists

[IIC]

A/H % Gainers

Name-Price-$ Gain-% Gain-Vol

[code:1:975fee6190]CAW CCA Industries Inc 10.50 +2.05 +24.26% 1,100

BFUN Bam Entmnt Inc 0.44 +0.05 +12.05% 1,850

PDEX Pro-Dex Inc 3.20 +0.33 +11.50% 200

STKL Sunopta Inc 7.79 +0.78 +11.13% 9,690

IIG Imergent Inc 11.00 +0.93 +9.24% 1,700

TBIO Transgenomic Inc 1.24 +0.10 +8.77% 100

OCCF Optical Cable Corp 4.04 +0.29 +7.73% 1,700

ULCM Ulticom Inc 11.20 +0.70 +6.67% 130,830

FBN Furniture Brands Inter ... 24.94 +1.42 +6.04% 9,500

TBUS Digital Recorders Inc 3.99 +0.20 +5.28% 69,836

DYTK Dyntek Inc 0.67 +0.03 +4.69% 15,300

CMVT Comverse Technology Inc 18.35 +0.80 +4.56% 531,208

GIGM Gigamedia Ltd 1.15 +0.05 +4.55% 4,000

SSPI Spectrum Signal Proces ... 2.08 +0.08 +4.00% 9,300

TGAL Tegal Corporation 1.18 +0.04 +3.51% 5,000

BSML Britesmile Inc 9.54 +0.32 +3.47% 300

CMGI CMGI Inc. 1.21 +0.04 +3.42% 76,056

AVNX Avanex Corp 2.35 +0.07 +3.07% 17,903

RNOW Rightnow Technologies Inc 9.70 +0.28 +2.97% 7,170

JDSU Jds Uniphase Corp 3.13 +0.09 +2.96% 759,874

GLW Corning Incorporated 10.45 +0.30 +2.96% 469,500

CCUR Concurrent Computer Corp 1.90 +0.05 +2.70% 600

XING Qiao Xing Universal Te ... 7.64 +0.19 +2.55% 400

CNTY Century Casinos Inc 4.87 +0.12 +2.53% 100

ALOY Alloy Inc 3.30 +0.08 +2.48% 5,046[/code:1:975fee6190]

[IIC]

Support/Resistance For Thursday

Nasdaq

Resistance

1960
1935
1895
1877-Weak
1858-Strong

Support

1838-1842
1820-Weak
1750-1755

QQQ

Resistance

35.10
34.95
34.75
34.35-35.40-Strong

Support

34.05-34.10
33.70-33.80-Weak
32.95-Weak
32.35-32.45

[IIC]

Hey CALPERS...Let's hear a response!!!...Going into Boardrooms and telling everybody what they are gonna do is not my idea of fairplay...It's about time you got called on the carpet IMO

If you don't know who/what CalPERS is...as an investor you should

Suit Seeks Details of CalPERS Payments
Fees to hedge funds and venture capital firms should be made public, a media group says.

By Tom Petruno, Los Angeles Times Staff Writer


A group representing California news organizations sued the California Public Employees' Retirement System on Tuesday, demanding that the giant pension fund reveal the money management fees it pays to individual venture capital firms and hedge funds.

The suit places CalPERS on the other side of the table on the hot-button issue of disclosure: The $166-billion fund has been among the most vocal big investors nationwide in agitating for companies to be more forthcoming in their financial accounting and how their boards make decisions.

Despite that policy, CalPERS in June refused a request by the California First Amendment Coalition that it itemize what it pays venture capital firms and hedge funds that manage nearly $9 billion in CalPERS assets. In part, the fund cited competitive issues, saying that some investment managers might decline to do business with CalPERS if their fees were made public.

The coalition filed suit in state Superior Court in San Francisco to force the disclosure, arguing that "the public should know how CalPERS invests the billions of dollars entrusted to it, and who charges how much to manage that money."

"CalPERS is always pushing, pushing, pushing for every company it invests in to be more transparent," said Peter Scheer, executive director of the coalition, which counts news media companies — including The Times — as members.

The fund, he said, "owes it to the public to disclose these fees and where the money went."

Such disclosure could "ensure that CalPERS doesn't invest money as a result of patronage or as a way of rewarding politically connected money managers who contribute to the government officials on CalPERS' board," the suit said.

In a statement, CalPERS did not address the question of political patronage but said it remained opposed to detailing its venture capital and hedge fund fees.

"The public's overriding interest is to obtain high returns from CalPERS investments," said Mark Anson, the fund's chief investment officer. "Disclosure of this information would have a chilling effect on public pension funds' ability to generate substantial private equity returns."

Private equity is a broad term used to describe investments made by venture capitalists and buyout funds in nonpublic companies. The goal of such investments is to reap large payoffs by eventually selling the companies or taking them public.

CalPERS and other big pension funds have channeled large sums into private equity firms over the last decade. CalPERS said it had about $8 billion invested with venture firms and buyout funds, and expected to more than double that over time.

Hedge funds are investment firms that seek to beat average stock and bond market returns by using often complex trading strategies. CalPERS has almost $700 million invested in hedge funds, and expects to raise that to about $1 billion.

Because of its size, CalPERS, like most pension fund giants, "indexes" the bulk of its assets — meaning it seeks to merely duplicate the returns on broad stock and bond market gauges such as the Standard & Poor's 500. Indexed portfolios cost relatively little to operate because they basically just buy and hold.

Pension funds have turned to venture investors and hedge funds as ways to boost overall returns. For their efforts, venture investors and hedge funds typically charge substantial fees.

CalPERS said the fees and other expenses for running its entire portfolio totaled $462 million in fiscal 2002, the most recent year for which it could provide a breakdown. Of that total, $187 million was paid to venture and buyout firms and $5 million to hedge funds, CalPERS said.

The coalition's suit noted that more than 40% of CalPERS' investment fees in 2002 went to operators of venture, buyout and hedge funds, which in total accounted for less than 5% of CalPERS' assets.

"The public has a right to know not just the management fees of CalPERS' overall portfolio, but also whether certain funds have overcharged CalPERS or charged too much money for too little performance," the suit said.

CalPERS' Anson said state law permitted the fund to keep certain information secret if disclosing the data would hurt CalPERS' competitive position.

"If this information is publicly disclosed, we believe CalPERS will be shut out of top-tier investment funds," Anson said.

The case echoes other suits that have been filed against CalPERS and the University of California since 2002 demanding that they detail the performance of their venture-capital portfolios. CalPERS and the UC system fought those suits but lost in court.

Venture capitalists, in particular, historically have jealously guarded information about their operations. However, since CalPERS and the UC system were forced to reveal their venture returns last year, a predicted wholesale cutoff of the funds by the venture industry hasn't occurred.

The California First Amendment Coalition's Scheer said the general range of venture firm and hedge fund fees already was well known: 1% to 3% of assets managed, plus 15% to 30% of any profit generated.

He said that disclosing the specifics would not be revealing "trade secrets," a term CalPERS used in its initial rebuttal of the coalition's requests.

If CalPERS and other large pension funds as a group disclose the fees they pay, venture firms and hedge funds will have to accept it as standard practice, said Scheer, whose 16-year-old group says it seeks to increase public access to government.

"We think over time the marketplace itself is going to demand this disclosure," he said.

A spokesman for state Treasurer Phil Angelides, a CalPERS board member, said the treasurer had not seen the suit, but that "as a matter of principle [Angelides] favors disclosure and transparency consistent with our fiduciary obligation to pensioners and taxpayers."

[IIC]

Early List
CMVT ACDO TXN KFRC ULCM FBN NOK

[IIC]

Add GMAI and ICPT

[IIC]

Nice reversal this morn...Nasdaq Futures are up 6 points


Add RFMD and JOSB to my early watch

[IIC]

EBKR on buyout rumour

[IIC]

Today's MoMo:

TZOO EXM WBNK OS PENN HRT SNDA PETD WPSC POT GDP WFI MUSA STLD BTHS PLMO HURC PDA WITS GRA NSS UIC HNR AKS HXL CASA EGY SIM AMOT WLSN BDOG AIQ CFS

I made 5 daytrades today...well, 4 1/2 because I clicked the Sell Confirm too late so I've still got KFRC. Also traded KLIC ACDO ECLG CYMI...pretty decent day

[Websman]

So...do you have the guts to day trade TZOO???

[IIC]

So...do you have the guts to day trade TZOO???

No

[Websman]

So...do you have the guts to day trade TZOO???

No

me neither...

[IIC]

Yes...I saw that earlier...Here is a copy of my post to him at Yahoo regarding that:

Glad to see WITS on your list...it was up 1.88% After Hours to 15.18.

However, I'd like to explain how I screwed this trade up. I Bot WITS
on April 5th in the mid-high 14's. It went up to 15.06 that day but
closed around 14. I added at 14.00 as it came down from 15.21 on 6/1.

If you look at the chart...you will see that I took some HUGE risks.
I always liked the prospects here...but with the large buys(vs. my
total portfolio) I really messed up. In fact, I own WITS in 3
different accounts...and over 50% of my wife's IRA is in it...she has
not been a happy camper till lately. I think I was trying to convince
her how great this co. was and that I may have convinced myself???

Anyway, the whole point is...I should have cut my losses and maybe re-
entered...but then again...I think I still have that "Angel In My
Pocket" sometimes

[IIC]

Support/Resistance For Friday

Nasdaq

Resistance

1960
1935
1896
1877-Weak

Support

1866-Medium
1841
1820-Weak
1750-1755

QQQ

Resistance

35.65-Medium
35.10
34.95
34.75

Support

34.30-Very Strong
34.05-34.10
33.70-33.80-Weak
32.95-Weak
32.35-32.45

[IIC]

Early Watch: TASR TTWO ZQK PSFT EBKR ORCL MOBI NTSL AIRT LNDC GNVC

[IIC]

Add AKS