Stock Secrets Member’s Special Update Report – April, 2004

Allied Healthcare International (AHCI was ADH) – Hold on remaining positions.

The original break point was 5 back in May 2002. After the break the stock settled back on quiet volume through the first half of 2003. In November of last year the stock began to move higher rallying to a multi-year high at 10.70 in late February. A sell rating was given to take partial profits as the stock was up 98% from the break point. AHCI settled back with the general market in March and has recently rallied back some. Resistance and support is at 8. A hold near this level should lead to a full recovery and new highs down the road.

Air Methods Corporation (AIRM) – Hold on remaining positions.

The original break point was 5.38 in June of 2000. The stock managed a rally to 11.81 in the first half of 2002 and a sell rating was given to take partial profits just below 11 as the stock was up over 100% from the break point. The stock fell back on lighter volume and consolidated above 5.50. In May of last year the stock began to recover and traded as high as 10. AIRM is now consolidating near 9. A break of 10 should get the stock some renewed investor interest.

Acadia Realty Trust (AKR) – Hold on remaining positions.

The original break point on the stock was 6 back in November 2000. It was slow going initially for AKR taking a year and a half for the stock to begin moving. After some consolidation near 7.50 in late 2002 AKR began to make its run. The stock has moved up steadily for over a year now and is trading at levels not seen since 1995. We gave the stock a sell rating in early December 2003 as the stock was up 100% from the break point. We gave the stock a second sell rating in March with the stock up 140%. AKR is currently hanging in near 14. The longer the stock can consolidate the better chance for another leg higher. This stock also pays a nice dividend of 10.7% based on the break point of 6.

American Medical Alert (AMAC) – HOLD

The original buy price was at 3.50 or lower in December 2003. After the break the stock consolidated below 4 for four months and we gave it a second buy rating in late March. The company recently released some good news reports creating some new investor buying and the stock is currently trading near 5. This is the highest AMAC has ever traded. Some consolidation on quiet volume should lead to the next leg of the rise.

American Shared Hospital (AMS) – HOLD

The original break point was 5 in May 2003. We moved the break point down to 4.25 as the stock was consolidating quietly just below that level. Within a few months of the break the stock has traded as high as 7.90. Recently the stock has settled back to 6.60 and bounced. A break and stick above 7 followed by some consolidation should lead to some new highs for the stock.

Advanced Photonixs, Inc. (API) – HOLD

The original break point was 1.80 in October 2003. Since the break the stock has traded as high as 2.52. API dipped below 2 in late February and early March and bounced. The stock is now trading just above 2. A break and stick above 2.25 should help get the stock moving on its way higher.

Amerigon, Inc. (ARGN) – HOLD

The original break point was 2.60 in April of 2003. ARGN has been acting typical for a stock in the early part of its rise by moving slightly higher on higher volume and settling back on quiet volume. The stock just popped up above 5 and this move should get the stock some new buyers and eventually lead to new multi-year highs.

Ashworth, Inc. (ASHW) - HOLD

The original break point was at 8.50 in January 2004. Since the break the stock has moved as high as 9.12. ASHW is currently consolidating near the break point. Look for more consolidation in the near term. A break and stick above 9 should get the stock heading higher.

Brigham Exploration Co. (BEXP) – HOLD

The original beak point was 6 in February 2003. The stock didn’t break out until September 2003. After the break the stock topped out near term at 8.63 and fell back to 6.60. Over the last several trading days BEXP has rallied back and is trading just below 8. BEXP is an oil stock and should follow crude oil prices fairly closely.

Dynamic Materials Corp. (BOOM) – HOLD

The original break point on the stock was 3.50 back in December 2001. After the break the stock settled back to 2, moved up to 4 and has recently been consolidating near 3. 4 was major support for the stock back in late 1998 and has proven to be solid resistance. A break of this level should get the stock started on the next leg of the rise.CAM Commerce Solutions (CADA) – HOLD

The original break point on the stock was 5.50 in September 2003. The stock moved up steadily to 7.75 from the break and over the last two and a half months the move has accelerated and CADA has made new multi-year highs at 14.75. The stock is now consolidating above 14.

Creative Computer Applications, Inc. (CAP) – HOLD

The original break point on the stock was 1.60. Since the break in late January 2003 the stock has been chopping between 1.20 and 2.40. The stock recently settled back to 1.25 and bounced a bit and is trading near 1.60. Not much news on the stock. It’s just struggling to get out of the base.

Cambior, Inc. (CBJ) – HOLD

The original break point for the stock was 1.60. The stock broke out in July 2003. After the break gold made a big move and gold stocks like CBJ moved right along with it. The stock topped out near term at 3.80 and a sell rating was given as the stock was up over 100% from the break point. CBJ settled back some and is consolidating below 3.25. A rally in gold should move the stock higher.

Central Fund of Canada (CEF) – HOLD

The original break point was 4.50. This is not really a stock but a fund that owns gold and silver bullion. Like CBJ above, CEF will closely follow the price of gold. CEF broke out in December 2002 and rose to 5.50, fell back to 4.20 and in the last six months has made multi-year highs at 6.49. If gold continues its rally CEF should rise along with it.

Capital Environmental Resources (CERI) – HOLD

The original break point on the stock was 5.60. The stock broke out in October and rallied to 7. Since then the stock has chopped up and down and has faded below 5. 5 has been resistance and support for the stock over the years so we’re looking for the stock to hold near 5 and maybe dip below that as sell stop orders may be piling up.

Champion Industries, Inc. (CHMP) – HOLD

The original break point for the stock was 3.60. The stock broke out in July of 2003, made some new multi-year highs at 5.63 and is now consolidating just below 5. A break of 5 should get a new round of buying started for the next leg up.

Cimatron, Ltd. (CIMT) – HOLD

The original break point was 1.65. The stock broke out in August 2003 and has been consolidating below 3 since. 3 has been major support and resistance for the stock for many years. A break above this level should get investors in the buying mood.

Criticare Systems, Inc. (CMD was CXIM) – HOLD

The original break point was 5. The stock broke out in May 2002 and has struggled since the break falling back to 2.25 last year. But since May of this year the stock has clawed its way back some and is consolidating nicely near 4. A break of 4.50 will improve the look of the chart and is likely to catch investor’s eyes.

Core Molding Technologies, Inc. (CMT) – HOLD

The original break point was 2.50. The stock broke out in August of 2003 and consolidated below 3.50 for several months. CMT then moved higher and is now consolidating at 4.00. A break of 4.20 should get CMT moving again. CMT has never seen any real high prices and we expect that over time the stock will take out the all time highs made back in 1998 at 7, much like what we saw in AMAC and STKL. Patience will be key.

Concur Technologies, Inc. (CNQR) – Hold on remaining positions.

The original break point was 5 in February 2003 but the stock was consolidating nicely by mid March so we moved the break point down to 4.20. The stock broke out in March and moved quickly up to 13.50. We gave the stock a sell rating to take partial profits in July of 2003 as the stock was up 117% from the break point. The stock gapped down on some weak earnings news last November but bounced and managed to consolidate near 10 for three months. CNQR then moved above 12 settled back and is consolidating just below that level. A break of 12 on some decent volume should set off a steady round of new buying.

Century Casinos, Inc. (CNTY) – Hold on remaining positions.

The original beak point was 2 back in December 2000. This stock has been one of the slow movers. We gave the stock a sell rating for part of a position in March of 2002 as the stock spiked quickly and was up 70% from the break point. Prices fell to 1.60 in late 2002 but have come back nicely. CNTY is consolidating just below 3.50. A break and stick above 3.50 should lead to some more multi-year highs.

CNS, Inc. (CNXS) – Hold on remaining positions.

The original break point was 5. The stock broke out in October 2001. It was slow going for CNXS after the break as it seemed to get stuck below 7.50. Once 7.50 was surpassed in May of 2003 the stock rose steadily to 15. In August and September of 2003 sell ratings were given to take partial profits as the stock was up 121% and 123% at the time. The stock fell back recently on weak earnings news and is trading near 11. A break and stick above 12 should lead to a full recovery for the stock.

Consumer Portfolio Services (CPSS) – BUY

The original break point was 3.30. The stock broke out in July of 2003 and rallied as high as 4.18 but has settled back lately to the break point. The volume has been dropping off showing a lack of interest by investors, a good sign early in the rise. The stock has moved above 3.50 on increasing volume and is now a buy at current levels.

Carrizo Oil & Gas, Inc. (CRZO) – HOLD

The original buy range was between 7.20 and 7.50 in December 2003. The stock has rallied as high as 8.16 in late January but continues to consolidate near these levels. Being an oil and gas stock it should track oil prices. A break above 8 should get investors interested in the stock. Some more consolidation will be needed.

Correctional Services (CSCQ) – HOLD

The original break point was 2.75. The stock broke out in April 2003. The stock has had some wild price swings in the lower ranges due to various news reports. Recently the news has been good and the stock continues to hang in just below the break point. A break and stick above this level should get the stock started in a gradual rise.

Chad Therapeutics (CTU) – HOLD

The original break point was 4 but we moved the break point down to 3.50 in February 2002 as the stock quietly consolidated. The break was short lived, however, and the stock fell back to 1.50 over the next year. This is not the price action we like to see after a stock breaks out but as often happens, these low priced stocks prove to be resilient. Since last summer the stock has rallied back to 4.17 and is just 18 cents off the multi-year high at 4.35. The stock looks poised to make the rise we had expected earlier.

Covalent Group, Inc (CVGR) – HOLD

The original buy range was between 2.80 and 3 in late February. The stock has traded as high as 4.14 since but settled back into the buy range during March. In the last few trading days the stock has been on the move again and is pressing 3.50. A break of 3.50 on some heavier volume should get the stock going again.

Darling International, Inc. (DAR) – HOLD

The original break point was 1.50. The stock broke out in December 2003. After the break the stock moved as high as 3.15 and then consolidated just below 3 for several months. The quiet price and volume action in February and March marked the end of the consolidation, and DAR has rallied strong to some new multi-year highs at 3.79. We’re looking for some consolidation in the near term.

American Ecology Corp.(ECOL) – HOLD

The original break point was 3.60. We moved the break point down to the 3.10 to 3.25 range in August of last year. In the five months that followed, the stock made new multi-year highs at 9.30, settled back for some consolidation and just last week made more new multi-year highs at 10.55. We’re looking for some consolidation after the recent fast move.

Educational Development Corporation (EDUC) – Hold on remaining positions.

The original break point was 4 in August 2001. There was a lot of chopping around in this stock over the last few years. Especially in 2002 when the stock dropped back below 5 in late 2002. This is the kind of move that will scare most stock holders out of a stock but it is our confidence in the previous base that keeps our resolve strong in many cases. I point this out in my Stock Secrets From The Grave manual. After the drop the stock took off on the back of good news pumped out by the company at a steady rate. We gave the stock a sell rating to take partial profits in July of 2003 as the stock was up 230% from the break point. For several months following the top in July EDUC has been on the slide but seems to have found support above 10. A move above 12 should get the stock back on track.

ENGlobal Corporation (ENG) – Hold on remaining positions.

The original break point was 1.40 in March 2003. After the stock broke out it rallied quickly to 2.97 and a sell rating was given to take partial profits as the stock was up more than 100% in one month’s time. After a setback and two months of consolidation the stock rallied again and has since fallen back to support at 2. The stock has popped up to 2.38 on good news this past week. Resistance is above at 2.50, so a break there should get the stock moving again.

Empire Resources, Inc. (ERS) – Hold on remaining positions.

The original break point was 1.40 in April 2003. After the break the stock moved steadily to 3.25 and consolidated for four months below that level. In December the rise was on again and ERS made it to 4.50. We gave the stock a sell rating to take profits in early January 2004 as the stock was up 164% from the break point. It has been chopping around between 3 and 4.50 for almost three months now. A break of 4.50 on some increasing volume should get the stock moving again.

Forward Industries, Inc. (FORD) – HOLD

The stock was a buy at current levels in late December 2003 (approx. 2.50). By mid January the stock traded as high as 3.15 and has fallen back. FORD is now trading just below 2.25 and the volume has been quiet. The stock needs to climb back above 2.25 for the look of the stock to improve. We will give the stock some room to work out the bugs.

Streicher Mobile Fueling, Inc. (FUEL)

The original break point was at 1.30 in January 2004. The stock has spiked twice making a new multi-year high at 3.38 in early March. FUEL settled back to 1.65 in late March and is moving higher again on positive company news. A break and stick above 2.50 should lead to new highs for the stock.

Grill Concepts, Inc. (GRIL) – HOLD

The original break point was 2.15 in May 2003. The stock has moved up gradually since the break but it’s still early in the rise and GRIL has yet to pick up a lot of momentum. 3.50 has been both support and resistance over the years so a break above this level on increasing volume should build that momentum.

Good Times Restaurants, Inc. (GTIM) – HOLD

The original break point for the stock was 4 in March 2002. This stock has struggled to get out of the base. Not long after the break the stock fell back to 2.25 and bounced to 4.50. This rally didn’t hold and the stock settled back to 2.75. Currently the stock is consolidating just below 3.50. The positive on the stock is that the recent lows are higher than the lows from late 2002 and early 2003. Slowly but surely the stock appears to be building some strength for a good run. A break above 4 followed by some consolidation should bring about the rise we’re looking for.

Gevity HR, Inc. (GVHR) – Hold on remaining positions.