The VRTrader.com VR Platinum Newsletter Wednesday 4/6/05
"Tools for the High Performance Trader"
Copyright © 2005, All rights reserved.
Redistribution in any form is strictly prohibited.

CLOSING COMMENTARY by Mark Leibovit
Wednesday, April 06, 2005 Closing Comments
Again we witnessed a market that had a chance to make a statement to the upside, and again we saw the market falter. The indices were holding on to nice gains until crude oil prices spiked in afternoon trading and that was enough to send traders to the sidelines. Never mind that crude eventually reversed lower and closed negative on the day, when the spike occurred, the die was cast. Volume was again not of the caliber we would like to see on up days, but breadth was positive.

A very telling sign of the condition of this market was seen in the homebuilders as there were widespread Negative Volume Reversals (tm) in that group. This is a case of a former leader getting hammered once again. The weakness being seen here is not ordinary garden variety. A few of the bigger names have rallied weakly back up to their 50 day moving averages only to be smacked down with Negative VRs today. That type of price action is dictated by the big boys, not Joe six-pack. The 50 day moving average is where the money players show up to either defend or dump stocks.

It is a painfully obvious fact that this market has one eye on crude oil. When crude bluffs a slap of the market, traders "get two for flinching". We have been telling our subscribers for weeks that high crude oil prices would kill this market, contrary to what the wizards on Wall Street were telling us (remember the "inflation adjusted" nonsense?). The lack of traction on this rally is very concerning, but we will not throw in the towel just yet. This "rally" may still have further to go, but it will take a dramatic turn to make this look like more than a simple correction before the next down leg begins.

Good Night.

PORTFOLIO UPDATE by Mark Leibovit
VR Platinum Portfolio Update
Wednesday, April 06, 2005 Post-Market
WATCHLIST--LONGS

SIRF - SIRF Technology Holdings 11.95

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

COMPANY PROFILE: 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.

AVNX - Avanex Corporation 1.20
WHY WE LIKE IT: This is a speculative play, but we will run a tight stop. AVNX just gave us a positive VR on Thursday March 24, and momentum indicators show that at least a short term pop to the upside is due.

COMPANY PROFILE: Avanex Corporation is a global provider of cost-effective, high-performance photonic processing solutions that enable optical communications networks to achieve performance. Telecommunications system integrators and their network carrier customers use the Company's photonic processing solutions to enhance system performance and increase network speed and efficiency. Communications network carriers are deploying fiber-optic transmission systems to improve the networks' ability to transmit and manage the high volume of voice, video and data traffic generated by the growth of the Internet. The Company's photonic processing technologies are designed to increase the performance of these optical transmission systems.

POTENTIAL TRIGGER: Buy at market with a stop below the March 23 low of 1.16. Looking for the upside gap at 1.66 to be filled for a nice 38% gain.

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.

COMPANY PROFILE: 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.

AMKR - Amkor Technology Inc 3.92
WHY WE LIKE IT: AMKR has posted a bullish outside day right near its low on increased volume. A double bottom is forming. Momentum indicators are also showing a bullish divergence.

COMPANY PROFILE: Amkor Technology, Inc. is a subcontractor of semiconductor packaging and test services. The Company provides customers with an array of packaging alternatives, including traditional leadframe, advanced leadframe and laminate packages, in both wirebond and flip chip formats. It produces more than 1,000 package type. Amkor is also an assembler of complementary metal oxide silicon image sensor devices used in digital cameras and cellular telephones and micro-electromechanical system devices used in a variety of end markets, including automotive, industrial and personal entertainment. In addition, the Company offers a line of services to test digital, logic, analog and mixed signal semiconductor devices. The semiconductors that the Company packages and tests for its customers ultimately become components in electronic systems used in communications, computing, consumer, industrial, automotive and military applications.

POTENTIAL TRIGGER: Buy at market with a stop below the February 10 low of 3.73. Look for a target of 5.00.

SHORTS
Sorry, no Short Watchlist to Report

TIMER DIGEST MARKET SIGNALS
For Tuesday, April 05, 2005

STOCKS: Neutral
BONDS: Neutral
GOLD: Neutral

CURRENT PORTFOLIO
Click here to see our Current Portfolio
http://www.vrtrader.com/VR_PLATINUM/plays/stocks.asp

NEW PICKS
Based on either Bullish or Bearish technical signals and the Volume Reversal(tm) 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.

CURRENT BULLISH STOCK PICKS
HIET - 1/28/05 - Long @ 1.03 Target: 1.70 Stop: 0.60
WEL - 2/18/05 - Long @ 1.18 Target: 1.75 Stop: 0.80
MPET - 3/8/05 - Long @ 1.75 Target: 3.00 Stop: 1.30
AEL - 3/11/05 - Long @ 11.75 Target: 16.00 Stop: 11.75
RAD - 3/11/05 - Long @ 3.95 Target: 5.50 Stop: 3.00
IPT - 3/31/05 - Long @ 0.73 Target: 1.25 Stop: 0.60
ALTI - 4/4/05 - Long @ 4.09 Target: 5.25 Stop: 3.25
ENER - 4/4/05 - Buy @ 22.40-22.50 Target: 29.00 Stop: 20.65
RSTG - 4/4/05 - Buy @ 29.40-29.60 Target: 38.00 Stop: 28.90
GOOG - 4/5/05 - Long @ 188.95 Target: 197.00 Stop: 177.00
HNT - 4/5/05 - Buy @ 32.80-32.90 Target: 36.50 Stop: 31.27
BSX - 4/6/05 - Buy @ 29.50-29.60 Target: 31.50 Stop: 28.55

CURRENT BULLISH INDEX PICKS
MDY - 4/6/05 - Long @ 120.85 Target: 123.00 Stop: 119.25

CURRENT BEARISH STOCK PICKS
N/A

CURRENT BEARISH INDEX PICKS
N/A

EXITED BULLISH STOCK PICKS FOR THE PREVIOUS 30 DAYS
STEM - Picked(1/31/05): 5.15 Exited(3/18/05): 4.00 Result: -1.15
KO - Picked(2/7/05): 42.59 Exited(3/9/05): 43.22 Result: 0.63
MRK - Picked(2/21/05): 31.70 Exited(3/18/05): 31.52 Result: -0.18
EXM - Picked(2/25/05): 24.75 Exited(3/8/05): 26.75 Result: 2.00
AHOM - Picked(3/1/05): 3.55 Exited(3/28/05): 4.20 Result: 0.65
MYK - Picked(3/3/05): 13.70 Exited(3/28/05): 14.38 Result: 0.68
KGC - Picked(3/4/05): 6.83 Exited(3/14/05): 6.83 Result: 0.00
AEM - Picked(3/7/05): 14.61 Exited(3/22/05): 14.61 Result: 0.00
NEM - Picked(3/7/05): 44.75 Exited(3/14/05): 44.75 Result: 0.00
NGAS - Picked(3/7/05): 6.19 Exited(3/23/05): 4.85 Result: -1.34
PAAS - Picked(3/7/05): 17.11 Exited(3/24/05): 15.50 Result: -1.61
PDG - Picked(3/7/05): 17.00 Exited(3/21/05): 17.00 Result: 0.00
SWC - Picked(3/7/05): 12.25 Exited(3/23/05): 10.45 Result: -1.80
KO - Picked(3/11/05): 42.15 Exited(3/18/05): 41.43 Result: -0.72
HMY - Picked(3/14/05): 8.74 Exited(4/5/05): 7.62 Result: -1.12
ENZ - Picked(3/15/05): 15.50 Exited(3/29/05): 14.40 Result: -1.10
AU - Picked(3/17/05): 38.85 Exited(3/30/05): 34.00 Result: -4.85
FCL - Picked(3/17/05): 24.50 Exited(3/23/05): 23.00 Result: -1.50
ASA - Picked(3/18/05): 41.60 Exited(4/5/05): 39.00 Result: -2.60
AWA - Picked(3/30/05): 5.22 Exited(4/1/05): 5.36 Result: 0.14
AEM - Picked(3/31/05): 14.60 Exited(4/5/05): 14.21 Result: -0.39
CCJ - Picked(3/31/05): 42.50 Exited(4/1/05): 45.00 Result: 2.50
IDTI - Picked(3/31/05): 12.10 Exited(4/1/05): 12.05 Result: -0.05
KO - Picked(3/31/05): 41.70 Exited(4/1/05): 41.71 Result: 0.01
QCOM - Picked(3/31/05): 36.60 Exited(4/1/05): 36.25 Result: -0.35

EXITED BULLISH INDEX PICKS FOR THE PREVIOUS 30 DAYS
DIA - Picked(3/4/05): 109.30 Exited(3/8/05): 109.34 Result: 0.04
ONEQ - Picked(3/7/05): 82.75 Exited(3/9/05): 81.65 Result: -1.10
GLD - Picked(3/9/05): 43.95 Exited(4/5/05): 42.49 Result: -1.46
IBB - Picked(3/15/05): 67.35 Exited(3/16/05): 64.65 Result: -2.70
IWM - Picked(3/16/05): 124.60 Exited(3/16/05): 124.40 Result: -0.20
RTH - Picked(3/30/05): 96.35 Exited(4/1/05): 95.47 Result: -0.88
EWC - Picked(3/31/05): 17.65 Exited(4/1/05): 17.85 Result: 0.20
NYC - Picked(3/31/05): 65.85 Exited(4/1/05): 66.29 Result: 0.44
SPY - Picked(3/31/05): 118.19 Exited(4/1/05): 118.48 Result: 0.29

EXITED BEARISH STOCK PICKS FOR THE PREVIOUS 30 DAYS
ASBC - Picked(3/8/05): 33.01 Exited(3/10/05): 32.57 Result: 0.44
MUSA - Picked(3/9/05): 23.00 Exited(3/10/05): 22.74 Result: 0.26
X - Picked(3/9/05): 58.00 Exited(3/10/05): 54.90 Result: 3.10
CAT - Picked(3/15/05): 97.10 Exited(3/17/05): 97.10 Result: 0.00
WOR - Picked(3/18/05): 20.22 Exited(3/22/05): 20.70 Result: -0.48
APC - Picked(3/24/05): 75.00 Exited(3/24/05): 75.80 Result: -0.80
PETS - Picked(3/29/05): 7.34 Exited(4/1/05): 7.40 Result: -0.06

EXITED BEARISH INDEX PICKS FOR THE PREVIOUS 30 DAYS
NYC - Picked (3/8/05): 68.36 Exited(3/9/05): 67.96 Result: 0.40
XLE - Picked (3/8/05): 44.09 Exited(3/11/05): 43.09 Result: 1.00
SPY - Picked (3/10/05): 121.45 Exited(3/11/05): 121.45 Result: 0.00
TLT - Picked (3/10/05): 88.94 Exited(3/31/05): 89.20 Result: -0.26
SPY - Picked (3/11/05): 120.57 Exited(3/15/05): 121.32 Result: -0.75
QQQQ - Picked (3/18/05): 36.43 Exited(3/22/05): 36.67 Result: -0.24
SPY - Picked (3/21/05): 117.95 Exited(3/22/05): 118.79 Result: -0.84
QQQQ - Picked (3/29/05): 36.06 Exited(3/30/05): 36.66 Result: -0.60
SPY - Picked (3/29/05): 116.74 Exited(3/30/05): 117.76 Result: -1.02
QQQQ - Picked (4/1/05): 36.21 Exited(4/4/05): 36.37 Result: -0.16

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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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