Beating Wall Street Discovering Inefficiency in an Efficient Market
	BWS Financial		BWS Financial Coverage Universe This list includes all stocks that BWS Financial has an official rating on and other stocks that we follow closely and have been known to make comments on in the past. The price target is followed by a month range to indicate how long it should take the stock to hit this level. Ratings colored differently indicate that there has been a recent change in rating. BWS Financial specializes in biotechnology, Internet, semiconductor, and telecom related.   Company Name Ticker Stock Rating Price Target Month Target Abercrombie & Fitch ANF Sell $50 12 months ADTRAN ADTN       Amazon.com AMZN Sell $57 8-12 months American Pacific APFC Buy $30 12 months Applied Materials AMAT       A.T. Cross ATX Buy $10 12 months Atlantic Tele-Network ATNI Buy $40 12 months Avanex AVNX Buy $1.50 12 months Biogen IDEC BIIB Buy $70 8-12 months Bookham BKHM       Broadcom BRCM       Cephalon CEPH St. Buy $85 12 months Chindex International CHDX Buy $33 12 months Cisco Systems CSCO       E*Bay EBAY       eResearch ERES       Foundry Networks FDRY Hold $18 12 months Genzyme GENZ       Gilead Sciences GILD Buy $60 12 months Global Sources GSOL       Imperial Sugar IPSU Sell $9 12 months Inovio INO Buy $3.50 12 months Insulet PODD Buy $30 12 months Intel INTC       Isis Pharmaceuticals ISIS Buy $20 8-12 months Juniper Networks JNPR Hold $25 8-12 months Knology KNOL Buy $20 12 months Life Sciences Research LSR Buy $38 12 months Marvell Technology MRVL St. Buy $22 12 months NETGEAR NTGR Buy $22 8-12 months Openwave Systems OPWV       Oplink Communications OPLK       Oscient Pharmaceuticals OSCI Hold $3 8-12 months Pharmacyclics PCYC Hold $2.00 8-12 months Rambus RMBS Buy $35 8-12 months RemoteMDx RMDX Buy $6 8-12 months Rentrak RENT Buy $20 8-12 months Sciclone Pharmaceuticals SCLN Buy $5.50 8-12 months Seagate Technology STX       Sigma Designs SIGM Hold $22 8-12 months Sonus Networks SONS       SuperMicro Computer SMCI       UTStarcom UTSI Buy $6 8-12 months Western Digital WDC       XOMA XOMA Buy $3 12- 18 months Green - The price target has been revised upward Red - The price target has been revised downward
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