Dow Jones 9319.66 +9.10 8:00 am PST, August 15, 2003  NASDAQ 1703.60 +3.26 For info, visit access.smallcapnetwork.com S & P 500 991.06 +0.55 To be removed, please click here Russell 2000 473.58 +2.36 VOLUME 03: ISSUE 45  Track Record Revealed--SmallCap Digest. (See our track record chart mid article) As we move into what promises to be an interesting Fall --the season, not the direction of the market-- we would like to solicit your feedback. What would you like to see in future SmallCap Digest (SCD) offerings?  What type of articles interest you--more ideas, more educational content, perhaps a mix of the two? Just as important: what's your opinion of the market(s) into the Fall and 2004?  Also, keep sending along any stock ideas--with some facts/reasons, not just a symbol--that we might have a look at for the readership. Relevance is our goal and therefore, who better to help define that relevance than our readers? We believe.... To add context for your comments, here are the tenets to which we  subscribe at the SmallCapDigest: · Regardless of market conditions, there are always great situations. · Wall Street analysts are invariably late. · Economists are invariably wrong. · Common sense is the most important component of due diligence. · Most small cap companies never see the light of day for good reasons. · Our mandate is to provide trading strategies as well as great--and hopefully profitable--stock ideas. · We strive to provide information, never hype, to investors, both small cap and otherwise. · We love to receive your email thoughts and comments. While we can't respond to all, every one is read and digested. · We will always provide readers with quick access to our track record. Below we have published our picks and profiles for your perusal. Those who followed our advice have realized a very decent return--well above the indices. For those who haven't, well, it's never too late. We'll continue to bring you stocks, ideas and educational articles that can only help to enhance your trading and returns. No matter what the market is doing, we at SCD believe that there's always investment potential.  Pounding the Table We've made you some great money over the past several months and will work diligently to continue doing so. Check out the list below.  In future, each article will have a link back to our Trading Alerts so you can keep track of a favored stock's (or stocks') progress. No publication is right all the time, but as long as the approach is sound and the vast majority of picks is profitable, it's worth a read.  We think you'll agree that for a free publication--tell your friends to subscribe--you are receiving way more than your money's worth with SCD.  Our track record chart lists our most recent subject first:   Date Profiled Company Name/symbol Profile Price 8/14/03 midday Change (Percent) 8/13/03 Lucent Technologies (NYSE: LU) $1.78 $1.82 +2% 6/20/03 GlycoGenesys (NASDAQ: GLGS) $1.12 $0.70 - 35% 4/30/03 MarineMax (NYSE: HZO) $11 $13.44 +22 % 4/23/03 Stake Technology (NASDAQ: STKL) $4 $7.30 +82 % 4/18/03 AC Moore (NASDAQ: AMCR) $15 $24.19 +61 % 4/09/03 EnCana Oil (NYSE: ECA) $31.40 $36.56 +16 % 3/17/03 RealNetworks (NASDAQ: RNWK) $3.85 $6.00 +55 % 3/10/03 NASDAQ COMP 1278 1700 +33 % 3/05/03 Hummingbird (NASDAQ: HUMC) $16.25 $19.64 +21 % 2/26/03 Universal Electronics (NASDAQ: UEIC) $9.50 $13.40 +41 % 2/21/03 Internet Security (NASDAQ: ISSX) $13.50 $11.28 -16 % 2/12/03 Peet's Coffee (NASDAQ: PEET) $13 $21.03 +62 % 2/12/03 Green Mountain (NASDAQ: GMCR) $14.35 $19.09 +33 % 2/07/03 NASDAQ Tracking (NASDAQ: QQQ) $24 $31 +30 % 2/05/03 Corel (NASDAQ: CORL) $0.80 $1.02 +28 % 1/29/03 White Electronics (NASDAQ: WEDC) $7.25 $11.83 +63 % 1/22/03 ATI Technology (NASDAQ: ATYT) $4.50 $13.10 +191 % 1/15/03 ThinkPath (NASDAQ: THTHF) $0.04 $0.0035 - 90 % 1/10/03 Cel-Sci (ASE: CVM) $0.20 $0.73 +265% 1/05/03 Apple (NASDAQ: AAPL) $14.25 $20.10 +41 % 12/19/02 Liberty Media (NYSE: L) $9.00 $11.00 +22 % 12/17/02 Nortel (NYSE: NT) $2.00 $3.02 +51% An eclectic group? To be sure. We still like and are following them all--although we were tepid on ATI and Corel. Your risk tolerance will dictate whether a partial or full sale is in order to realize some profit. We think they are great companies with great franchises or prospects and even though there are three that have declined or have yet to perform--or both-- we believe that they represent opportunities rather than failures. Corel will, however, be removed as it is being taken over at around $1. The largest gainer is CEL-SCI while the largest decline was noted in ThinkPath. We are gathering information on the latter and will continue to bring you details and information on the former. We are also looking at a bevy of new smallcap stocks, which, on first blush, look extremely interesting. We are planning to bring you the first of them late next week.  When warranted, we will also suggest stop loss orders to limit risk on the most highly speculative situations. That strategy served us well on GlycoGenesys, for example, which failed to rise within our time frame, twice. An extremely volatile situation, the biotech company is still worth watching and perhaps owning a small position. On Tuesday, the shares moved from 50 cents to a high of $1.09, closing at 70 cents. GLGS is clearly a stock for nimble traders. Send in your comments, thoughts, ideas and reasoned stock picks to editor@smallcapnetwork.com. We promise that we'll read and review them all. And answer as many as we can. 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 registered investment advisor 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. Click 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 not been compensated for this report. All statements and expressions are the sole  opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities  mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The editor, members of the editor's family, and/or entities with  which the editor is affiliated, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication unless specifically disclosed in the newsletter. The profiles, critiques, and other editorial content of the SmallCap Digest and SmallCapNetwork.net may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein. THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN  SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN  CONSENT OF THE EDITORS OF SMALLCAPNETWORK.NET. We encourage our readers to invest carefully and read the investor information available at the web sites of  the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.