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--- Begin Message ----Caveat Lector- Pile Up Superb Profits With Wall Street's Secret "Think Tank"Dear Daily Reckoning reader, I'd like to tell you about a very unusual opportunity. It's a direct inside line to the investment intelligence that the biggest financial institutions on Wall Street look to. Research that's been used behind the scenes by large hedge fund managers and institutional traders on Wall Street has just become available. The investment service I'm talking about is called Apogee Research -- a name that is very well known to some of Wall Street's heaviest hitters. And it's a name that has become synonymous with hugely profitable, cutting-edge financial insights. The list of hedge funds and institutions whose associates use this research reads like a "Who's Who" of Wall Street -- professional investors from: --A.G. Edwards --Bank of America Securities, LLC --Bear Stearns --CIBC Oppenheimer --Credit Suisse First Boston --Deutsche Banc Alex Brown --Donaldson, Lufkin & Jenrette --Fidelity Investments --Goldman Sachs Asset Management --ING Barings --JP Morgan --Merrill Lynch --Morgan Stanley Dean Witter --Paine Webber --Prudential Securities --Salomon Smith Barney Not to mention that the likes of Barron's, Bloomberg News, BusinessWeek, The Economist, and Fortune value their intelligence, too. (And these aren't all...I'll share a more complete list with you in a moment.) What I'm going to reveal to you is truly the world of the "insider's insiders." A world where profits like these are commonplace: **In the face of the biggest market sell-off in 70 years, you could have made profits of 133% buying an overlooked stock like John H. Harland, or 152% on H&R Block, 93% on Kroll, 150% on ShopKo, 117% on Kmart and 105% on AngloGold... **And you could have raked in similar profits by selling short fundamentally flawed stocks. You could have made 96% shorting a turkey like Ariba, 82% on ViroPharma, 88% on Power-One, 63% on Tellabs, 84% on Cisco, 70% on Tyco, 43% on JP Morgan and 90% on Corning... **If you had shorted 1,000 shares each of Ariba, Cisco, and Corning alone, you would have made over $250,000 (if you're not familiar with "shorting" stocks, don't worry -- every recommendation from this group comes with crystal-clear instructions on what to do)... I'd like to introduce you to the research team that professional traders and institutions like those above look to. Based in New York, the heart of the financial world, it's as if they're buried in a secret vault below Wall Street. Led by Robert Tracy, a seasoned CPA with years of experience analyzing businesses down to their nuts and bolts, they're called Apogee Research, and they've been quoted in Barron's, Forbes, the Financial Times, The Washington Post's "Insight on the News," BusinessWeek, The San Francisco Chronicle, Agence France-Presse, the Los Angeles Times, Briefing.com and numerous times on CNN's financial news television network. This is a truly amazing opportunity to dive into the world behind the scenes of the greatest money machine ever in the history of the world: the hedge funds and institutions on Wall Street. The professional investors who rely on Apogee's information control hundreds of billions of dollars. Now let me show you how this inside information translates into profits... $146,930 Profits From One Trade Alone On Sept. 21, 2000, the Apogee team issued a negative report on Ariba. (ARBA) This was the quintessential "New Economy" company. Its software promised to lead the cutting edge in B2B e-commerce. What's more, at the time, 37 analysts rated Ariba a "buy"! But the company was running up millions of dollars in losses each quarter. And even as red ink mounted to almost a half-billion dollars the year before, top management pocketed more than $1 billion from stock sales. Well, as they say, something was rotten in Denmark. Apogee issued a four-page memo detailing the problems at Ariba, and recommended shorting the stock. At the time it was trading for $152.31. Not long after Apogee's alert, Ariba started to fall. And it fell and fell, all the way to $5.38 -- where Apogee advised subscribers who were in the trade to take profits. The traders, institutions and hedge funds who sold short the stock based on Apogee's research could have racked up a 96.4% profit. Shorting just 1,000 shares yielded $146,930. Problem is, until now this kind of information has been impossible for the individual investor to get. It's been locked up -- cornered, if you will -- by big money managers and hedge fund specialists. And it cost a fortune -- way beyond the means of the average investor. But it's critical information. That's why professional traders and big institutions pay so much for it. And now it's available -- through a special offer -- to you. Finding the Real Information in All the Hype You see, there's really TOO MUCH information out there in the marketplace. But how do you sort it out? What does it mean? What's missing? And what's yet to come that's critically important? Unfortunately, a lot of the information that's put out is designed to deceive. The standard sources of information are under enormous pressure to hand out only certain information...they are supposed to shore up share price and secure the value of stock options. Just look at all the big brokerage houses that have underwriting deals with the companies whose stocks they recommend. Most professional money managers don't care as much about the truth as they do about not straying far from the herd. That's because there is no reward for chasing down the truth. Trillions of dollars are managed by people who want to own stocks, who need to own stocks. They almost have to buy for the sake of their jobs. If other managers are buying and they're not, they could be fired. And they worry that if others are buying, they're going to miss the boat. So they all act together, for right or wrong. They simply can't be independent thinkers. In fact, people have been punished for revealing truths that their employers or other powerful interests didn't want disclosed. That is why most of the "research" on Wall Street is so poor -- it's not really research; it's sales material. The bulk of this "research" comes from the Wall Street analysts at "sell side" firms -- firms that are pushing certain stocks. Ironically, these are the sources that the investing public pays the most attention to, yet they are the sources most likely to have conflicting interests. Let me show you how this "sell side" promotion works -- and how to profit by having better intelligence... A Billion-Dollar Discrepancy Leads to a Mega-Profit Take what happened with Interpublic Group (IPG). Last year, Apogee found some MAJOR discrepancies between what the company was reporting and what was going on behind the scenes. At a Salomon Smith Barney analyst get-together in January 2002, the Chief Financial Officer of IPG put on a slide show presentation. The presentation reported that IPG produced $249.6 million in positive free cash flow for the nine months ending in June of the previous year. Problem was, their SEC filings reported free cash flow of negative $712.2 million. Hmmm...nearly a billion dollar discrepancy... Apogee decided to try to find out where the missing billion dollars went, so we called the CFO. Even after further examination, the numbers never reconciled. But that wasn't the only thing that caught Apogee's attention. We issued a short alert on the stock, citing poor earnings -- per-share growth, shrinking margins and growing debt levels, among other things. But Wall Street analysts wouldn't touch the story and kept putting out "buys." The media wouldn't touch it either -- IPG is a huge advertising company and controls big bucks in advertising allotments. Only the maverick trade journal (O'Dwyer's PR Daily) dared to print Apogee's critical comments about Interpublic. But no one listened. Most investors kept trusting Wall Street's corrupt advice instead of the cold, hard facts unearthed by Apogee. Apogee alone doggedly pursued the truth about the company. And a few months later, when news about IPG's problems was too big to ignore anymore, the share price got hammered. The investing crowd lost big time as IPG plummeted from nearly $35 a share to $11 and change. But Apogee clients weren't among the crowd of losers -- they were able to rack up a big profit from IPG's collapse. Now THAT's what happens when you know what's going on behind the scenes. And it happens because the Apogee Research team are independent analysts -- the ones most likely to give unbiased information. We answer to no one; we are aligned with no one. Yet in the world of marketed stocks, our kind of information rarely gets to the individual investor. The Apogee Research Team -- From Deep in the Heart of Wall Street Eric Fry is the investment strategist of Apogee Research (formerly Grant's Investor ), a publication previously aimed at hedge funds and other professional investors. Mr. Fry has been a specialist in international equities since the early 1990s. He was a professional portfolio manager for more than 10 years and authored the first comprehensive guide to American Depositary Receipts, International Investing with ADRs. Eric's unique investment insights have been quoted in Barron's, The Wall Street Journal, the International Herald Tribune, Time, Money, Business Week, the Los Angeles Times, San Francisco Chronicle and USA Today. He also appears regularly on television financial news programs, and he contributes his insights to selected investment research publications. Robert Tracy, the editor of Apogee Research, is a nuts-and-bolts analyst who is exceptionally competent to examine any business, public or private...and that's exactly what he does for Apogee Research -- scrutinize every detail of a company to find what is really going on, whether it's on the move up or ready to plummet. Tracy is a CPA who passed all three parts of the Charter Financial Analyst program. He has five years of public accounting with hands-on experience auditing retailers, wholesalers, banks, savings and loans, mutual funds, manufacturers (from auto parts to steel to chemicals to paint), international import and export businesses and even universities and governmental units. He also logged three years as an internal auditor, designing and testing new accounting systems, investigating criminal fraud activities and accumulating evidence for law enforcement and prosecuting attorneys. And he had five years as an assistant controller for a $1 billion foundation, which included designing a new accounting system and coordinating document review for a three year IRS examination of the foundation. Greg Weldon, Apogee's commodities specialist, is the type of analyst who knows the markets from top to bottom. He has more than two decades of experience as a trader, institutional broker, proprietary money manager and respected commentator on the financial markets. Greg started his career in the "middle of the mayhem" -- as he puts it -- in the COMEX Gold and Silver pits, before moving on to Lehman Brothers and, later, Prudential Securities. Greg's comprehensive approach to market analysis combines technical scrutiny with an assessment of the effects of fundamental economic, political and psychological influences. Besides producing his daily market surveys, Weldon's Money Monitor and the Metal Monitor, Greg regularly appears on CNBC and is frequently quoted by Reuters and Bloomberg. Eric Courtney offers Apogee Research members his considerable knowledge as a technology analyst. Courtney started his career as a fundamental analyst and trader. Over the years, he has managed hedge and commodity funds, directed research at both investment management and venture capital firms, and also served as a consultant on quantitative modeling and computer trading systems at Fortune 500 companies. Why You Need Independent Analysis This is the most valuable source of information: the unemotional, independent source of information. Most people -- analysts and investors alike -- "marry" stocks. They become emotionally invested in the position they've taken with the stock. And it's this kind of emotional investing that keeps people hanging on to losing propositions, and prevents the kind of honest, rational flexibility needed for successful investing. At Apogee, we dig deep into company balance sheets to expose questionable items or to ferret out hidden value. Since Apogee is entirely independent of any brokerage firm or investment bank, you will only read thoroughly researched investment ideas -- without any of those corrupting conflicts of interest that make Wall Street "research" so unreliable. Then, culled from this research, Apogee maintains a portfolio of "long" and "short" investment ideas that it monitors on an ongoing basis. When the Apogee team finds companies that are sound and worthy enough for "investment" in the traditional sense, it sends you a clear "buy" recommendation. But when Apogee discovers a stock that is going to crash and burn, it isn't afraid to tell you to "sell" either. In both cases, the goal is to help you to be on the right side of the trade to make the most amount of money in the shortest period of time. Let's take another look at exactly how the Apogee team does it... 152% Gain When the Investing Herd Makes a Mistake... In late September 2000, Apogee issued a "buy" recommendation on H&R Block (HRB). Now, if you recall what was going on at that time, you know that the markets were already bleeding...the NASDAQ was off almost 2,000 points from its high, and the Dow had already shed almost 1,000 points. What's more, the market was dumping on H&R Block. Investors were tired of mediocre acquisitions, and HRB had gone from almost $30 to the $16 range -- down by almost half. But the team at Apogee looked at the numbers and saw a different picture. We recognized HRB's last acquisition as a bull's-eye. We recognized that HRB was oversold and undervalued. And we told our clients to buy. Not long after, HRB went on a spectacular run that yielded a 152% gain. But then Apogee recognized that HRB's diversification was turning into risky business. It was time to take profits and move on. Apogee subscribers rode HRB from $17 to $42 -- not bad, especially when the markets continued to bleed, and the investing herd lost trillions of dollars. When Apogee recommends buying a stock like H&R Block, it's looking for good value. But good value is not enough. A company can offer good value and sit for years in the same spot...not producing profits for investors. The payoff won't come soon enough. So Apogee also looks for improving fundamentals, a catalyst for movement in the share price. Only when there is something going on that will propel the stock higher does it become an investment candidate. And this is only discovered by poring over the hidden financial data and market positioning of a company. All of these factors have to be carefully evaluated: Balance sheets... Income statements... Cash flow statements... Important SEC filings... And telltale insider buying... Plus, the company's position in its market has to be considered, as well as its capitalization, debt load, holdings and on and on... Now, most analysts are committed to a particular system of research. They may favor "top down" analysis -- where they start with macroeconomic conditions and then work down to company fundamentals. Or they may be "bottom up" analysts -- where they start with a company's fundamentals and then work up toward its positioning in the market. But Apogee prefers a "balanced" approach. We're not married to any particular style of analysis. Rather, every investment is treated as an "idea" to be explored inside and out -- from every possible angle -- before a decision is made. And, ultimately, the Apogee team subjects any investment idea to a degree of scrutiny almost unheard of in the field of financial analysis. That's why we uncover the strongest companies, trading at the best prices, that are going to reward investors quickly... ..and the weakest companies, trading at ridiculously high prices, that are likely to crash and burn. With Apogee, investors savvy enough to short these stocks make big profits. Let me give you another example of how Apogee works. And it's another example of how the crowd -- and the so-called "experts" -- get it wrong... 150% Profit From a Beaten-Down, Oversold Retailer Again -- bucking the market -- here's how Apogee helped its clients make 2 1/2 times their money... ShopKo Stores (SKO) is a discount merchandiser, concentrating on a limited product range in a few regions of the United States. The company operates about 140 ShopKo discount stores in 15 Midwestern, Western and Pacific Northwest states. It focuses on popular, higher-margin categories such as casual apparel, health and beauty items and housewares, and almost all of the ShopKo stores have optical centers and pharmacies. ShopKo also owns rural retailer Pamida Holdings, which operates about 225 small-town discount stores. Like H&R Block, ShopKo had been butchered in the markets. From a high of over $40 it had been blasted down to just $7.22. But that's exactly when Apogee told its subscribers to step in and buy. In June 2001, Apogee alerted its subscribers to ShopKo, noting that it was ratcheting up revenues and cutting costs, and pointing out that its new board chairman had the experience necessary to solve problems plaguing the company. It was a virtual sure-shot play on a turnaround company. And the kicker was that the value of ShopKo's real estate holdings gave the investment a margin of safety that many companies simply didn't have. Sure enough, ShopKo took off. In just 10 months, it handed back 2 1/2 times the investment. But then Apogee noticed that the low-end Pamida stores were a drag on the company. Time to get out and book the 150% profit. Not bad, particularly considering that the broader markets continued to bleed. Apogee is one of the only research groups willing (and trained) to do all the dirty work necessary to uncover every important factor about a company. To go over every SEC filing, all the balance sheets, all the holdings, etc. Not to mention scrutinizing potentially huge factors like pension liabilities and other often-overlooked issues that can affect the performance of the stock. It's because so few analysts do all that work that so little quality information is available. And it's why most people can't find out what's really going on. Let me give you another example of how that works... 133% Gain From an "Old Economy" Dinosaur... On Sept. 28, 2000, Apogee alerted its clients to a company called John H. Harland (JH). Now, Harland was in the business of printing old-fashioned paper checks. In fact, they were number two in the business. But to keep up with the times, they were diversifying into software and services. Smart. But in the "New Economy" craze, investors had punished "old-fashioned" Harland, pounding the stock down by around 30%. They were throwing the baby out with the bathwater. Apogee's alert pointed out that the company was sound. So sound, in fact, that it had produced free cash flow of $2.17 a share the previous year. At the levels it was trading at, Harland was a great investment based simply on current business. And investors were going to get a free ride on the new diversifications. The stock had almost nowhere to go but up. Now, if you look at the chart, you'll see that Apogee called a "buy" right at the bottom for the stock. What's even more amazing is that Apogee called the top, too. Our team said "Sell!" exactly as Harland hit its high -- cashing out with a 133% gain. These are extraordinary gains considering what's been going on in the markets. And the point is, most people go against the underlying fundamental trend all the time. They just can't see it. Take Cisco, for example -- that darling of the techie and dot-com world of the late '90s. Ignore the Crowd -- And Make $43 a Share... In early 2000 analysts were recommending Cisco (CSCO) left and right. On Aug. 9, 2000, Red Herring magazine even said: "Cisco's earnings defy gravity...Cisco continued its death-defying growth rate Tuesday, once again bettering analysts expectations by a penny. And the end of this phenomenal success story does not yet appear to be in sight." Well, I don't know where they were looking, but it certainly wasn't where Robert and the Apogee team were looking. On Oct. 10, Apogee suggested selling Cisco. They said that if you looked closely at what was going on behind the scenes at Cisco, it didn't look so rosy. Cisco's receivables had been dropping since early 1998. And to make it worse, inventory was starting to rise almost as fast. You can spout all the pie-in-the-sky "New Economy" theories in the world about how everything has changed and the old rules don't apply anymore. But at the end of the day, a business still has to sell what it has and collect the money it's owed in order to survive. If you don't do that, sooner or later you're doomed. And that's exactly what happened with Cisco. Anyone who shorted Cisco at $51.13, based on Apogee's research, could have made a bundle. The stock fell all the way to $8.12, or more than $43 below where Apogee warned its clients about Cisco's problems. These results are almost uncanny in the face of conventional investment advice. And the same thing happened with another Wall Street "darling," Corning... Another Wall Street Darling Crashes -- And Hands Over 90% Profits... Back when Corning (GLW) was popular among the fiber-optic fans ("bandwidth, bandwidth, bandwidth," we heard...), the research team at Apogee found a fly in the ointment. The problem, Apogee pointed out, was that Corning customers were running out of money. On top of that, the price of bandwidth was falling. And after researching the future for bandwidth prices, Apogee forecast that bandwidth availability was going to continue to increase much faster than the demand. A sure recipe for falling prices. So, we wondered, how long could Corning go without getting hammered? We published our findings on Dec. 15, 2000, when Corning was at $69.62. (And by the way, Alan Abelson even featured my analysis of Corning in his Barron's column, "Up And Down Wall Street.") As it turned out, Corning only held up a couple of months more. >From Apogee's negative call at $69.62, Corning fell all the way to $6.83, at which point Apogee advised its subscribers to take profits. It may seem as if the team at Apogee can see into the future. But it's really a matter of doing the hard work that no one else will do. That's why professional traders and hedge fund managers at big institutions line up to get this research. With this inside intelligence, fat gains like these -- even buying stocks in a falling market -- are not uncommon: - John H. Harland, up 133% - H&R Block, up 152% - Kroll, up 93% - ShopKo, up 150% - Kmart, up 117% - AngloGold, up 105% - Impala Platinum, up 65% And the same with these short recommendations from Apogee: - Maximus, 42% profits - ViroPharma, 82% profits - Power-One, 88% profits - Tellabs, 63% profits - Ariba, 96% profits - Triton PCS, 53% profits - Hewlett-Packard, 67% profits - Cisco, 84% profits - Corning, 90% profits - Tyco, 70% profits - JP Morgan, 43% profits - Gap, 57% profits That's why Apogee subscribers like these are so happy: "Apogee Research is simply the best investment research product I know. Useful is the key word. The analysis is focused and practical, perhaps because it is designed around a working model portfolio -- it's about real world investments, not theories. The Web site is straightforward -- not noisy. The investment perspective is refreshingly wide-ranging and the material is presented in a lively writing style. All in all, Apogee Research is an invaluable investment tool." -- Michael E. Martin Investment Analyst R.F. Lafferty & Co., Inc. "Insight and timeliness are the most important elements of investment ideas. Apogee Research provides the former in abundance and the latter without fail. Apogee consistently offers analysis which makes me money. This fact makes receiving the research worth a multiple many times the subscription price. The fact the research is extraordinarily well written besides is a most welcome bonus." -- Colin Negrych (Partner) Barclay Investments, Inc. "The distribution of information in the last five years has made it harder and harder to block out the noise and find the insights. With Apogee, I know I am going to be getting real insight. Not only are the articles more in-depth, but they are also giving you stories from different angles and perspectives. Stories about companies that are 'under the radar screen' make this publication unique. I look forward to reading each and every issue." -- Richard W. Shea Jr. Vardon Capital Management "I can always count on a fresh opinion from Apogee Research. Independence, integrity and insight combine to provide an uncompromising research tool. Not a "lap dog" for the Wall Street sell side; Apogee Research can be trusted for its views." -- Merrill W. McHenry,CFA Kansas City, MO And by the way, Apogee does more than just track ordinary stocks. For example, on March 26, 2001, it recommended AngloGold (AU) as a play on dividend-paying gold stocks. In other words, a solid investment strictly from the numbers aspect, with an extra payoff on the yellow metal if it moved up. Which it did... Double Your Money Outside Mainstream Stocks... As Apogee pointed out, a 20-year bear market in gold had done a lot to cut production, while at the same time demand was growing. With central bank selling of gold winding down, it was a perfect time for this two-prong investment strategy. Particularly, Apogee picked AngloGold because it was one of the world's top producers and had a company goal of paying dividends to shareholders. It was more than just a naked play on the price of gold. Apogee subscribers got the opportunity to buy at $15.31. In a little over a year, the stock had moved up over 100%. They also were able to cash in on the big precious metals rally of the last two years with picks like Freeport Gold B, Freeport Gold C, Ashanti convertible bonds and Impala Platinum. If you recall, this was well before the recent strong move in gold -- and while all the "experts" were still saying, "Gold is dead!" And what's amazing is that Apogee does this over and over. We've even done it consistently in the rocky markets of the last two years. As you're no doubt aware, the investment environment changes with the wind...especially these days. Enron really did a number on the credibility of the reports coming out of Wall Street's most prestigious firms. Investors are spooked...and they can react wildly to investment reports. And they seem to hang on every scrap of economic data that's released. Every day the market jumps up or down on some tidbit of information: unemployment up, interest rates down, another scare in the Middle East. Plus, so much of the information you get is tainted by behind-the-scenes interests...or it's just downright bad information. For example, right when Apogee warned that JP Morgan was exposed to very high risk, Barron's ran an article saying to buy JP Morgan anyway. Bad idea. The stock crumbled 43%. Or Ariba, with 37 Wall Street analysts calling it a buy -- just before it plunged 96%. Apogee looks far and wide for moneymaking opportunities. It examines the whole investment universe to come up with ideas. These ideas are then filtered down through the screens of markets, sectors and company specifics, not to mention all the hidden financial factors that can make or break an investment. Only then does Apogee issue its recommendations. Information From Deep in the Heart of Wall Street As you've seen above, Apogee will keep you informed of profitable investment ideas -- often well before the news breaks in the media. One reason is that we're actually located at "ground zero" of the financial world -- our offices are at 80 Broad Street, a stone's throw from the New York Stock Exchange. But more important is Apogee's independent position coupled with the best financial analysis available. That's why we've been quoted in such publications as The Wall Street Journal and Barron's, as well as in respected niche publications like Richard Russell's Dow Theory Letters and Grant's Interest Rate Observer. With Apogee on your side, you'll be getting the best ideas and insights long before the general investing public begins to get wind of them...and with their continual guidance, you'll have plenty of time to position yourself for maximum advantage in any given opportunity. Up until now, insight and analysis of the quality that you will receive from Apogee has been the province of a select group of insiders on Wall Street. In fact, I believe you will find that such research and profitable recommendations -- straight from one of Wall Street's finest research institutions -- would ordinarily cost you a fortune. Hedge fund managers and other institutional investors routinely pay $20,000 to $100,000 a year to research boutiques like Apogee Research for independent investment ideas. But you now have an opportunity to get that very same research and intelligence for a fraction of the price. Your Opportunity to Tap Into the Finest Research on Wall Street -- At a Steep, Steep Discount I'd like to invite you to step into Apogee's world of inside information. I think you'll be amazed at what you find. Apogee bulletins arrive regularly by e-mail, with periodic alerts as conditions warrant. Every few weeks you'll receive a "new idea" report. These can be as long as 10 pages when necessary, to introduce you to an exciting new investment idea. But each report begins with the main points highlighted right up top so you'll know instantly why Apogee is making its recommendation. Right now, Apogee has a whole new crop of recommendations -- investment scenarios with hundreds of thousands of dollars in profit potential. And if you join today, you'll get immediate access (electronically -- you can have it in your hands in a matter of minutes) to a special report the Apogee team has prepared on several popular Wall Street stocks. It's called Sneak Preview: Three Large Wall Street Stocks That Are Going to Surprise Investors (And Reward Only a Few...). The recommendations that Apogee makes for these stocks will shock and surprise most investors. Again, Apogee will tell you what's going on behind the scenes that will make these stocks move rapidly -- the other direction from what most investors expect. But that's exactly why they're such juicy profit opportunities. As with most of Apogee's research, most of the investing world has no clue what's really going on with these stocks...and will be surprised by what happens over the next few months. And with your membership to Apogee Research, you'll also receive a FREE subscription to The Daily Reckoning. Featuring a cast of world-savvy contrarian analysts, you'll find practical market commentary and powerful and profitable investment insights. One reader says The Daily Reckoning offers "more sense in one e-mail than a month of CNBC." And both Money and Worth have praised it. You'll be automatically enrolled when you sign up for Apogee Research. Plus, because of my unique relationship with the Apogee research team, I've convinced them to make this research available to you at a very affordable price. If you sign up now, you can get one year of access to Apogee's investment intelligence for just $1,250 -- that's $250 off the regular price. That includes bulletins, periodic trading alerts and portfolio updates as necessary. Or you can save $750 off the standard annual rate by locking in two years of membership for just $2,250. Once again, that's your bulletins, periodic alerts and updates. What's more, to make it even easier, you can sign up for just $315 a quarter. Enroll for this option with a valid credit card, and you'll be billed just $315 each quarter. You'll never need to renew and your membership will never expire -- unless you tell us to cancel. And... Your Satisfaction Is Guaranteed This is the kind of investment intelligence that can put you way ahead of the crowd. If you're interested in making a fortune over the next few years, this is the kind of information you simply must have. So you're completely assured you'll always receive the high quality of service Apogee promises, your membership is completely guaranteed. During the first 60 days you can cancel at any time and receive a full refund. After that you can cancel at any time and receive a prorated refund for any time remaining in your subscription. But at this incredible discount, I simply can't guarantee that we will keep the offer open for long... And frankly, one single gain based on this intelligence could pay for your subscription price many times over. Not to mention the fact that it may save you thousands, if not tens of thousands of dollars that could be lost following questionable advice from tainted sources. Plus, with Apogee's dead-on analysis and long and short positions, you're set to profit no matter which way the stock market goes. That's the deal in a nutshell. With Apogee you'll be getting the safety, security and peace of mind that comes with sound, independent analysis. But you'll also open the door to unlimited opportunity and potential to profit, even while the average investor runs helter-skelter after hot tips and tidbits of news. With Apogee's buy recommendations you can make back the price of the service many, many times over, often very quickly. The Wall Street Journal, Barron's, BusinessWeek and other prestigious financial publications often cite Apogee's groundbreaking research. So not only will you be ahead of the crowd...you'll also be making money while most investors are just getting wind of the news. Once again, I recommend you take us up immediately on this special, limited-time offer. Click Here to join Apogee Research today. http://www.agora-inc.com/reports/APG/GottaSeeThis/ Sincerely, Eric Fry Co-Editor, The Daily Reckoning Investment Strategist, Apogee Research P.S. Remember, Apogee's track record has proven to be outstanding. Right now, as I mentioned, there are very interesting situations developing with several popular Wall Street stocks. These situations are going to shock and confound many investors, and supply juicy opportunities to those in the know. But the only way you'll find out is by signing up for our service. You'll be able to get all the details immediately. To begin receiving Apogee's most profitable investment ideas by e-mail, click button below...If you act quickly, you'll be able to take advantage of the special discount rate Apogee is offering right now. http://www.agora-inc.com/reports/APG/GottaSeeThis/ P.P.S. Recently, it was noted on Briefing.com that the stock of Mercury Interactive had been selling off all day, even though there had been no news at all. According to the service, some traders attributed the selling to an alert from Apogee recommending a short position on Mercury. 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