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Microcap & Penny Stocks : Rat dog micro-cap picks--now moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (102)	2/19/2004 5:45:06 PM
From: ~digs	Read Replies (1) \| Respond to of 1338

Nextel hits bump for network upgrade Message 19826053 double top? stockcharts.com[w,a]daclyiay[pc40!c200!f][vc60][iut!Ul14!Uk14]&pref=G

To: Bucky Katt who wrote (102)	2/19/2004 5:46:46 PM
From: MSI	Read Replies (1) \| Respond to of 1338

It is much clearer now exactly what was going on with "late" trading. Without Spitzer they would keep pick-pocketing us forever. We need more Spitzers.

To: Bucky Katt who wrote (102)	2/20/2004 12:54:03 AM
From: Skywatcher	Read Replies (1) \| Respond to of 1338

Sent: Monday, February 02, 2004 2:21 PM Subject: New Inverse ProFunds Now Available For Financial Professional use only. Not for distribution to the public. On January 30, 2004, ProFunds opened two new Inverse ProFunds. The two ProFunds provide “Ultra Inverse” exposure to the equity mid- and small-cap segments. New accounts for these ProFunds will be accepted starting on February 2, 2004. Each new short fund will seek daily investment results, before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of their benchmark index ProFund Benchmark Objective UltraShort Mid-Cap S&P MidCap 400 Index 200% of the Inverse UltraShort Small-Cap Russell 2000® Index 200% of the Inverse Use these new ProFunds to seek potential profit when the markets fall, or to hedge a portfolio. The following questions and answers provide more details about the new ProFunds. If you have further questions, please do not hesitate to call your Regional Vice President or Regional Coordinator at 888-PRO-5717. 1. What are the new ProFunds ticker symbols, CUSIPs and fund numbers? ProFund Ticker CUSIP Fund No. UltraShort Mid-Cap Investor Class Service Class UIPIX UIPSX 74318A-356 74318A-349 104 134 UltraShort Small-Cap Investor Class Service Class UCPIX UCPSX 74318A-331 74318A-323 105 135 2. How do the new funds fit into the Inverse ProFunds lineup? Inverse ProFund Benchmark Index Daily Objective Bear S&P 500 Index® 100% of the Inverse Short Small-Cap Russell 2000 Index® 100% of the Inverse Short OTC NASDAQ-100 Index® 100% of the Inverse UltraBear S&P 500 Index 200% of the Inverse UltraShort OTC NASDAQ-100 Index 200% of the Inverse UltraShort Mid-Cap S&P MidCap 400 Index 200% of the Inverse UltraShort Small-Cap Russell 2000 Index 200% of the Inverse Rising Rates Opportunity Most recently issued 30-year U.S. Treasury Bond 125% of the Inverse 3. How can I use the new Inverse ProFunds? UltraShort Mid-Cap and UltraShort Small-Cap ProFunds can be used either as part of an offensive strategy or a defensive strategy: a) Offensive Strategy: Seeking Growth During a sustained market decline, investors who want to explore capital-growth opportunities might consider the new Ultra inverse ProFunds. b) Defensive Strategy: Seeking Protection Investors worried about the effect a sudden market downturn may have on their portfolios might use the new Ultra Inverse ProFunds as a hedge to seek to protect an equity portfolio they don’t want to sell. Because the funds seek to move in the opposite direction of their benchmark indexes by 200% on a daily basis, it could help mitigate losses. 4. What is a hedge? A hedge is an investment you hope to lose. Think of it as insurance for your portfolio. You allocate a portion of your assets to an investment that is expected to perform opposite of the investment you seek to protect. If the value of your original investment declines, the hedged position may go up, mitigating any damage. 5. What does “short” mean? “Short” implies that you anticipate a decrease in a security’s value. “Short selling” generally means to sell borrowed shares of a security in the hope that they can be replaced at a lower price sometime in the future. In other words, you make money if the security goes down in price. The two new inverse ProFunds, like the five existing inverse ProFunds, are commonly referred to as “short funds” because they seek to profit when their benchmark indexes go down. 6. How do these ProFunds seek to achieve their daily objective? UltraShort Mid-Cap and UltraShort Small-Cap ProFunds take positions in securities and other financial instruments that ProFund Advisors believes should have similar investment characteristics as, and simulate the inverse movement of, their benchmarks. Under normal circumstances, these ProFunds commit at least 80% of their assets to financial instruments with economic characteristics that should be inverse to those Indexes. These ProFunds may employ leveraged investment techniques in seeking their investment objectives. Assets not invested in financial instruments may be invested in debt instruments or money market instruments. 7. What is the Russell 2000 Index? The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index. Representing approximately 8% of the total market capitalization of the Russell 3000 Index, which in turn represents approximately 98% of the investable U.S. equity market. As of December 31, 2003, the Russell 2000 Index included companies with capitalizations between $3.2 million and $2.1 billion. 8. What is the S&P MidCap 400 Index? The S&P MidCap 400 Index is a widely used measure of mid-size company U.S. stock market performance. Companies are selected for inclusion in the Index by Standard & Poor’s based on liquidity, appropriate market capitalization, financial viability and public float. As of March 31, 2003, the S&P MidCap 400 Index included companies with capitalizations between $162.3 million and $8.3 billion. 9. What are the sector weightings in the indexes for the new inverse funds? As of December 31, 2003, the sector weightings for the S&P MidCap 400 (UltraShort Mid-Cap ProFund) and the Russell 2000 (UltraShort Small-Cap ProFund) were: Sector S&P MidCap 400 Russell 2000 Basic Materials 3.33% 4.15% Communications 6.16% 9.48% Consumer Cyclical 15.40% 14.39% Consumer Non-Cyclical 20.08% 19.29% Diversified 0.33% 0.07% Energy 7.55% 4.24% Financial 19.46% 20.85% Industrial 10.52% 13.48% Technology 11.33% 11.28% Utilities 5.84% 2.77% Since these are short funds, the sector weightings will have the opposite impact as in a long fund. For instance, if the technology sector is up, it will have a negative impact on the overall performance of the short ProFunds. 10. What are the top companies in the indexes for the new inverse funds? As of December 31, 2003, the top 10 companies for the S&P MidCap 400 (UltraShort Mid-Cap ProFund) and the Russell 2000 (UltraShort Small-Cap ProFund) were: S&P MidCap 400 Weight Russell 2000 Weight 1) M&T Bank Corp. 1.22% AMR Corp. 0.23% 2) Gilead Sciences Inc. 1.22% Louisiana Pacific Corp. 0.21% 3) Lennar Corp.-Cl. A 0.78% Sybase Inc. 0.20% 4) Washington Post - Cl B 0.78% Health Care REIT Inc. 0.20% 5) New York Community Bancorp 0.76% Ann Taylor Stores Corp. 0.20% 6) Affiliated Computer Svcs - Cl A 0.74% Gen-Probe Inc. 0.20% 7) Coach Inc. 0.72% Titan Corp. 0.20% 8) Sovereign Bancorp Inc. 0.72% RF Micro Devices Inc. 0.20% 9) Microchip Technology Inc. 0.71% Andrew Corp. 0.19% 10) DR Horton Inc. 0.70% Covance Inc. 0.19% Since these are short funds, the top companies will have the opposite impact as in a long fund. For instance, if M&T Bank Corp. is up, it will have a negative impact on the overall performance of the UltraShort Mid-Cap ProFund. 11. Are any platforms planning on offering these new funds in the near future? If so, who? Initially, the funds should be available on: · First Trust (Datalynx, Trustlynx, & IMS) · Trust Company of America · Millennium Trust · TD Waterhouse · Ameritrade Advisor Services · LPL · JP Morgan (Brown & Co) · Scottrade · Fidelity NFSC (Investor class only) Other platforms may be adding the funds at a future date if interest in the funds dictates. 19. What are some of the risks associated with these funds? The UltraShort Mid-Cap and UltraShort Small-Cap ProFunds routinely employ leveraged investment techniques that magnify gains and losses and result in greater volatility in value. And as Inverse ProFunds, they should lose money when the benchmark index rises — a result that is opposite from traditional mutual funds. CC