MY DCF MODEL YIELDED 165-180, INTRINSIC VALUE. I USED 20% LONG TERM GROWTH I.E 5 YEAR. NOT INCLUDING FIRST HALF OF YEAR. 11% DICOUNT RATE. IT IS A GREAT DERIVATIVE EXCHANGE IN THE U.S AND INTERNATIONALLY. FUTURES INCLUDE OIL AND GAS, EMISSIONS. IT HAS A LARGE PORTFOLIO OF SOFT COMMODITIES FROM SUGAR TO CORN ETC. IT JUST BEGAN TRADING FUTURE OPTIONS FOR THE RUSSELL INDEX. IT IS ALSO A MAJOR PLAYER IN OTC FUTURES. THERE ARE TWO MAJOR EVENTS FOR THE COMPANY STARTING IN MID NOVEMBER. IT RECENTLY BOUGHT CREDITEX A CDS PLATFORM AND WILL BEGAN MAKING A MARKET FOR THE ONES FOR THE I-BANKS THAT FAILED, AND WILL BE THE FIRST ONE TO DO SO. ALSO THEY WILL OPEN THEIR CLEARING HOUSE IN EUROPE. A YEAR AGO IT HIT 190 AND NOW IT SITTING AT 58. THIS IS 13.6 P/E. DESPITE THE FACT IT GREW 65% IN THE FIRST TWO QUARTERS AND JUST RECORDED THE BUSIEST MONTH OF TRADING EVER IN SEPTEMBER. IT HAS NOE CREDIT EXPOSURE OR EXPOSURE TO THE ECONOMY. THIS IS MY NUMBER 1 PICK.

THIS STOCK IS TREMENDOUSLY UNDERVALUED. IT HAS A BLOCKBUSTER DRUG WILL A LONG PATENT LIFE DUE TO THE FAST DEVELOPMENT, AND ANOTHER ONE IN THE MAKING COMBINE WITH A GOOD PIPELINE. IT DEVELOPED REVLIMID FOR BONE CANCER. THE LIMITS ARE ENDLESS AS IT MAY HAVE UP TO 30 OTHER USES FOR TREATING OTHER TYPES OF CANCER.

EVERYONE WANTS TO PARTNER WITH THEM FOR THE RNA TECHNOLOGY AND DEEP PIPELINE. a DEFINITE BUYOUT TARGET. MY GUESS IS GENZYME. CURRENT PRICE 13.21. IT HAS NUMEROUS POTENTIAL BLOCKBUSTER DRUGS IN MID STAGE. IT COULD GO FOR ANYWHERE BETWEEN 50-100/SHARE. IF THAT DOESNT PAN OUT THIS COULD BE THE NEXT GENENTECH.

YES A 4/DOLLAR STOCK. IT IS ONE OF THE LOWEST COST PRODUCERS/MINERS OF GOLD. IT IS PROFITABLE, ALMOST 0 DEBT. THE US HAS KEPT INTEREST RATES BELOW THEIR NATURAL RATE FOR 2 DECADES. COMBINED WITH EUROPE, SOMEWHERE BETWEEN 4.5-5 TRILLION HAVE BEEN PRINTED IN THE LAST 2 MONTHS. PLUS THE LAST YEAR, THEIR HAVE BEEN CAPITAL INJECTIONS HERE AND THEIR. THIS WILL FAR OUTWEIGH THE 80'S INFLATION. GOLD WILL RISE AS THE DOLLAR DROPS, PLUS THE FACT THAT EUROPE WILL EXPERIENCE SIMILAR CONDITIONS, GOLD DEMAND WILL SOAR. AT THE MINIMUM IT WILL PEAK AT 1500 AND MAX 3000. EITHER WAY THIS SHOULD SEE 30-60/SHARE. IT WAS AT 18 WHEN GOLD WAS AT 900.

CHEAP VALUATION. LONG TERM GROWTH 10-12%. CURRENT PRICE 40. DCF YIELDED 60-65, IN ADDITION TO A 5% YIELD. IT HAS BARELY PENETRATED THE ENTIRE INTERNATIONAL MARKET. PLUS AS THE DOLLAR WEAKENS PM WILL POST RIDICULOUS PROFITS.