Dow Jones 10828.97 +52.84 10:37 am PST, December 28, 2004  NASDAQ 2167.98 +13.76 For info, visit access.smallcapnetwork.com S & P 500 1210.67 +5.75 Change your subscription status here Russell 2000 650.02 +5.68 VOLUME 04: ISSUE 102  Feature: Year of the SmallCap Digest. 2004 was a great year for SmallCap Digest. Over approximately 150 articles, we complimented our picks and Trading Alerts with pithy educational pieces on options strategies, the mechanics of SEC filings, and a whole raft of other topics of interest--some suggested by readers and others we felt would be of value. Look for that to continue in spades for 2005. Reader James wrote in recently and stated:   "I enjoy your research, writing, and stock selections.  In fact, my portfolio ought to be called the small cap digest fund.  So far this year buying and trading your selections I'm over 100% return". Quantifying the total returns of our picks is difficult, mainly because most moved nicely during the year and have settled back. That said, though, we were always there when they moved with sell suggestions and out-right Profit Alerts when warranted. We see this as our mandate, not to merely suggest a stock idea but to be there for the good and bad times. And there were plenty of good times and good rides. And yes, some not so good... Some--among many-- that were good.... BioCurex (BOCX.PK): Brought to the readership at 17 cents in October 2003, Sell suggestion at around $2 in April 2004. The shares continued on to exceed $3.50. The company, currently at 60-ish cents is still very much on our radar screen. Spectrum Sciences (OTCBB: SPSC) Trading Alert in December 2003 at $1.80. By May 2004 the shares had stair stepped their way to around $4. We suggested in late April that traders' lighten up positions. Biophan (OTCBB: BIPH) Alerted in December 2003 at 35 cents. Issued a Profit Alert in mid January at $1.50. Superclick (OTCBB:SPCK) Alerted in February 2004 at 46 cents. Shares currently 80 cents and have exceeded $1.15. Continued strong interest in this one. Isonics (NASDAQ: ISON) Alerted in April at $1.42. Profit Alert for partial sale in October at $3. Shares currently $5-plus. Another half dozen, which we have profiled or published Trading Alerts on recently, are just too new to quantify. All are idling around the initial Trading Alert or profile price. There were many other winners including big caps such as Microsoft, Martha Stewart, Intel, Sun Micro and others. We sold Martha early, but she was still a 100-plus return when everyone else hated her and the shares. Contrarians do rule, apparently. And we'll continue to profile Big caps, cause it's fun and gives a long-term balance to readers' portfolios. Some--among a few-- that still need time  All of these are still idling around our alert price. Patience, gentle reader. Fortunes aren't built in a day. I'll give you the Alert price and the current. All are still favorites with us. Force Protection (OTCBB: FRCP) Alert 26 cents. Currently 30 cents. Very much a hold and accumulate C-Chip Technologies (OTCBB: CCHI) Alert 86 cents. Currently 75 cents. Same. Hold and accumulate. Some--among a very few-- that will likely need a lot more time. Assure Energy (OTCBB: ASURF). A short term disappointment so far. Alerted at $3.80. Currently $1.50. The company has failed to participate, so far, in the energy commodities price run. Bottom fishing for long-term investors warranted. Xtreme Companies (OTCBB: XTME) Alerted at 52 cents. Currently 15 cents. Needs more work to market and sell its state of the art first responder watercraft. Still watching. Avoid for now. I may have missed some--I'm sure you'll let me know-- but these are a decent selection of the main picks and, their progress, which we've covered over the year. We don't and won't ever cover the waterfront. We attempt, with consistent success, to bring you names, ideas and strategies you can use. Lots of our 'peers' throw everything at the wall and hope some sticks. Some does. We're not into that approach. We prefer a rational, prudent program of picks and strategies, both to buy and to sell. What will change in 2005 is that readers need to read the newsletter and keep an eye on our new offering, the SCBLOG. Each will have original content and the Blog will be used to fill in information between issues. Case in point is our coverage of Bottomline Technologies (OTCBB: EPAY), which we brought you on the SmallCap Digest in late November at $10.85. We have covered the progress on the Blog as the share price hit $17.35, Monday last. Now, it's my turn... Finally, I get e-mails from readers that frankly confound me. When we issue a Profit Alert or suggest a full or partial sale, they write in chiding me because they did the opposite and bought the shares. The shares go down and now they are annoyed. I've got nothing. If you choose to ignore our suggestions, I have no problem with that. If we sell early and a stock continues to rise, we could care less. But if you do the opposite and get nailed, you're on your own, bucko. Also, any investor that either uses our information as a primary or exclusive investment source is sorely missing the point. As well, anyone that puts a whack 'o dough into one of our picks is equally foolhardy. We are the beginning of your due diligence. Period. Anything else would be, well, I guess foolhardy still covers it. We comment, illuminate and have opinions, nothing more. Beat this... All we can hope to do is beat the averages for the risk that small and micro caps represent. The NASDAQ closed 2003 at 2003. Looks like it will close 2004 between 2150 and 2200 for a return of around 8 percent. I would suggest that our readership did much better --way better in fact--than 8 percent--likely 10-fold or more depending on their trading patterns.  Looking forward to 2005 with more great ideas to come. Stay tuned and be sure to follow the SCBLOG. After all, this is the SmallCap NETWORK. Get on board.   We Value Your Feedback Got comments, questions or suggestions? Send 'em on over: Editor@smallcapnetwork.com If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC 3525 Del Mar Heights Rd #334 San Diego, CA 92130   Unsubscribe Here D I S C L A I M E R: The SmallCap Digest is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. SmallCap Digest is not a licensed investment professional or broker-dealer. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward  maximizing the upside potential for investors while minimizing the downside risk, whenever possible.  Moreover, as detailed below, this publication accepts compensation from third party consultants and/or companies which it features for the publication and circulation of the SmallCap Digest or representation on SmallCapNetwork.net.  Likewise, this newsletter is owned by TGR, LLC.  To the degrees enumerated herein,  this newsletter should not be regarded as an independent publication. Visit Here to view our compensation on every company we have ever covered, or visit the following web address:  http://access.smallcapnetwork.com/compensation_disclosure.html for our full compensation disclosure and http://access.smallcapnetwork.com/short_term_alerts.html for Trading Alerts compensation and disclosure. TGR Group LLC has been paid a fee of $25,000 and one million newly issued restricted shares by Biocurex for coverage of the company. TGR Group LLC has been paid a fee of $25,000 cash for coverage of Isonics by Trilogy Capital Partners. TGR Group LLC has been paid a fee of $25,000 directly by Biophan Technologies, Inc. for reporting on the Company. TGR Group LLC has been paid a fee of $25,000 in cash and 250,000 newly issued restricted shares from SuperClick for coverage of the company. TGR Group LLC has been paid of fee of $25,000 cash and 800,000 shares of newly issued, restricted stock by Force Protection for coverage of the company. TGR Group LLC has been paid a fee of $25,000 and 200,000 newly issued restricted shares by C-Chip Technologies for coverage of the company. 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