*** The IPO market is hot again…opening the spigot for a flood of small-cap
opportunities in 2005. But why now? Before I answer that question, let me recap 2004′s extraordinary action.

Last year, 205 IPOs raised some $41 billion — triple the volume of 2003…and shy of the 249 in the IPO mania of 1999. Unlike the bubble years, however, companies are more financially solid: 64% of companies that went public in 2004 were already profitable, compared to 2000, when only 26% were profitable. And the average 2004 IPO has risen 30% from its offering price — the best performance since 1999. That return beat the Dow, Nasdaq and S&P 500.

OK, so why now? I think that the increased IPO activity coincides with rising interest rates, which can really hurt small-cap companies. As lending institutions tighten their requirements for loans to companies with market caps of $1 billion or less, we’ll see more small caps turning to the public market for cash. Alan Greenspan signaled Wall Street far in advance of the first rate hike, giving the venture capitalists and investment bankers plenty of time to start filling the IPO pipeline…and the momentum is certainly there.

Is this a good thing? From my perspective, the answer is a resounding yes. Here’s why. In the 15 years I spent in Silicon Valley before moving to Baltimore, I saw just about every tech prophecy come true — eventually. All that nutty stuff we read about during the bubble, such as e-commerce, broadband to the home and streaming entertainment, are big hits now — long after Wall Street lost patience with many of those money-losing innovators. Well, I think everyone is wiser now. After all, hindsight is always 20/20.

But looking ahead, about 80 VC-backed companies have already registered with the SEC for IPOs in 2005. And we believe that this is going to be a great year for newly public companies. That’s why you can expect to see more coverage in Penny Sleuth of the IPO market as it pertains to small-cap opportunities. We’re all looking forward to the extra coverage here at Penny Sleuth central, and I hope that you are, too.

*** It’s 11:46 a.m. — almost midday. And as I write this, the big winner (relatively speaking) in this rabid bear market is the small-cap S&P 600.

The S&P 600 is down only 2.02%, to 310.98. Compare that to the S&P 500, which is down 4.73%, the Dow, which has taken a 41.03% tumble, or the Nasdaq’s decline of 10.94%. In fact, the S&P 600 is even beating the leading small-cap index, the Russell 2000, which so far has registered a decline of 5.26%, to 612.48.

One reason the S&P 600 is weathering this storm could be that compared to the Russell 2000, it has more stringent requirements. For example, S&P 600 criteria include financial viability, liquidity and an adequate number of shares available for trade — making it tougher to get on the index than on the Russell 2000.

While regular Penny Sleuth readers know that we love the Russell 2000, it’s times like this that remind us that the S&P 600 could be the small-cap index of choice when the bear comes knocking.

As James talks about in this issue, diversification is always important.  That’s why it would be wise to also spread out your investments across multiple small-cap indices (including the Wilshire 1750).  Each one has different standards for inclusion, and given the nature of stocking picking the best one can often depend on market conditions.

*** Speaking of James, he takes to task the chronic optimists of stock
commentators…everything’s good, everything’s great, never a bad year that ends in 5, blah, blah, blah.  Well, steely eyed James sees clouds on the horizon and provides us with sobering advice. James, pop open that umbrella of yours…

It Pays to Be Picky

Something just doesn’t seem right, my friends. I’ve spent the last week reading article after article on the small-cap market — getting people’s “professional” predictions for 2005. And most analysts are still calling for another bullish year for small-cap stocks. For instance…

Professionals from Mesirow Financial’s Investment Management and Real Estate divisions say, “In 2005, we expect to see high-single-digit returns from the S&P 500. Dividend income will, once again, be significant as payout ratios continue to rise. The outperformance of small-cap stocks and value stocks will continue in 2005.”

Diane Swonk, chief economist for Mesirow Financial, was even more optimistic, describing today’s economy as “virtuous” and primed for profit growth. And finally, Donald Luskin, writing for SmartMoney.com, titled his Dec. 31 article, “Get Ready for Another Strong Year.” He forecasts that (after a bumpy start to 2005), “By spring, stocks will have moved on to new highs.”

Jeez, you would think I’d be ecstatic about these predictions. But I’m not. In fact, I think they are all wrong. And you need to know that. You see, there are two reasons the small-cap rally, which began six years ago, started in the first place. And neither one of those reasons exists in today’s market.

Let me explain…

By the end of 1999, small-cap stocks were trading for a 30% discount to their larger peers. Throughout the 1990s, investors were dumping their money into companies like IBM, JDS Uniphase and Sun Microsystems. As a result, between 1995 and 1999, large caps enjoyed 20%-plus annual returns. Meanwhile, small caps lagged behind — big time. In August 1998, the small-cap market fell 18.3% — making it one of the worst plunges in over 70 years. Ouch! But that fiasco led the way for the start of a major buying spree that has lasted for six years now.

And the second reason the small-cap rally took off more than half a decade ago was the lowering of interest rates. Between July 2000 and June 2004, interest rates fell from 6.5% to 1%. As a result, smaller companies could borrow money much more cheaply. They had instant access to the capital markets that they didn’t have in the early 1990s (when all the money was being lent to the larger tech companies). And they could grow their own businesses through debt — which led to rapid earnings and sales for years to come. For example…

Earnings for small-cap companies grew a whopping 71% in 2003. That’s amazing, when you think about it. And because of the tremendous earnings growth, the Russell 2000 rose 46% in 2003 — beating every other major stock index in the United States.

Between 1999 and 2004, the equation for a small-cap rally was in place: value + low interest rates = small-cap rally. And what a rally it was. But that equation has changed now. And all the talking heads who proclaim 2005 is going to be another banner year for all small-cap stocks are out of their minds. (But that’s still not to say there won’t be a lot of great opportunities — there will. And I’ll explain in a second.)

Unlike in 1999, small-cap stocks aren’t cheap. In fact, they are more expensive than large caps now. The average company on the Russell 2000 trades for 21.5 times earnings. By comparison, the average large-cap company on the Russell 1000 trades for 19 times earnings.

And in case you haven’t noticed, interest rates (although still historically low at 2.25%) are on the rise. Alan Greenspan and his gang have raised rates in each of the last five Fed meetings. And general consensus is that rates will continue to rise in 2005 — eventually topping out between 3.5% and 4.25% by the end of December.

Sure, those rates are still low. But that’s not the point. The formula that was in place in 1999 has changed. Small-cap stocks aren’t cheaper than their large-cap peers anymore. And the interest rates are rising – slowly making it more expensive for smaller companies to borrow money and grow through debt.

The HUGE advantages that small-cap companies had a few years ago are gone.

So is it time to panic?

No. This rally isn’t going to come crashing down in the next month. It will correct a bit — which is happening now. So you should make sure you are properly diversified. You shouldn’t have more than 10-25% of your portfolio in small-cap stocks. And you need to consider what kinds of small-cap stocks you are holding onto. Obviously, the stocks that will crash the hardest are those with little in the way of cash, a ton of debt and weak fundamentals. Those are the kinds of companies that will need to borrow even more money in the future — just to stay afloat. Problem is, they won’t get that money as lenders become pickier and pickier about who gets their loans.

Still, let me remind you…

There are over 4,000 small-cap stocks to pick through today. I guarantee hundreds of them will rise in 2005. This isn’t a time to panic. Rather, it’s a time to be picky. And if you stick with Penny Stock Fortunes (www.psfortunes.com) and Penny Sleuth…we’ll help you find those companies worth owning.

Yours for Penny Sleuth,

James Boric

January 11, 2005

It Pays to Be Picky was originally featured in the Penny Sleuth.

*** Since this is the last issue of the year, on behalf of the entire Penny Sleuth team, I wish everyone a happy, healthy and prosperous 2005. I’d also like to express my deep gratitude for your participation in making Penny Sleuth an enormous success since we started publishing it, on Oct. 12, 2004.

For those of us who championed the small-cap market this year, let me offer a New Year’s toast. I raise my glass of the bubbly Widow Clicquot for having the intelligence, guts and intuition to buck the know-it-alls, naysayers and scaredy cats by riding out tough second and third quarters…only to watch the Russell 2000 small-cap index rally in the fourth quarter by hitting an all-time high of 651.72 on Dec. 27. Wow!

*** That’s why I’m celebrating with an incredible opportunity. It’s an 80% discount on Carl Waynberg’s new GRIP service. This offer expires TOMORROW. So please take advantage of our great introductory price…because after Jan. 1, you’ll have to pay full price for this exclusive screening tool that tracks “jumper stocks” — the most explosive small-cap stocks in the world.

The GRIP identifies the tiny companies that trade on the forgotten OTC Bulletin Board and Pink Sheets exchanges, and eventually “jump” to the Nasdaq, AMEX or NYSE. And when they jump, investors can make a mountain of money.

Membership to The GRIP is extremely limited. So if you haven’t read your GRIP report yet, check your e-mail inbox now. Carl is the genuine article. He has made as much as 757% on a single pick by identifying the kinds of promising companies that are snubbed by the Wall Street establishment.

I’m urging you sign up BEFORE Jan. 1. That’s why I’m including a special link to this valuable information…

http://www.agora-inc.com/reports/GRP/WGRPEC16

With only one day left, don’t leave money on the table.

*** OK, now for the fireworks. James wraps up this issue by offering us his insightful and powerful outlook for 2005. His sage advice and common-sense predictions make it surprisingly simple to continue our winning streak into next year. In addition, he picks the hot small-cap companies to watch like a hawk…using the same criteria that have made investors profits of 86.7%, 172.7% and 94.4% during 2004.

Ring in the new year, James…

Our Small-Cap Predictions for 2005

It’s time to get out the crystal ball, look into the future and answer the question every small-cap investor has on his or her mind…

Will 2005 be a good year for small-cap stocks?

It will be for some, dear reader. But let me warn you, it will also be a terrible year for others. You see, right now is a critical time, a tipping point for the small-cap market. As it stands in this last week of 2004, small-cap stocks have enjoyed a five-year run — in which they have beaten the pants off of their large-cap counterparts.

Since 1999, the Russell 2000 has risen from 451 to 649. That’s a 43% total rise — or an annual compounded gain of 7.55%. Meanwhile, in that same time frame the S&P 500 (which houses the largest companies on Earth) has dropped from 1,387 to 1,211 — a pathetic minus 12.7% overall return and an annual compounded loss of 2.67%.

This past five-year stretch has been one of the most lucrative times ever for small-cap investors. In fact…

Dating back to 1932, there have only been five extended small-cap rallies like this one. So why on earth am I hesitant about predicting anything other than a raging bull market for 2005?

From a value perspective, small-cap stocks have almost caught up to their large-cap mates. And when that happens, investors will likely take money out of the small-cap market and invest in larger, less volatile companies. Check out the numbers for yourself…

The average small-cap company trading on the Russell 2000 is selling for 2.37 times book value and 20.88 times earnings. Meanwhile, the average large-cap on the S&P 500 trades for 3.01 times book and 21.4 times earnings.

One could argue that small-cap stocks are still slightly more attractive than their larger peers. On a price-to-book basis, they are trading for a 27% discount. And on a price-to-earnings basis, small caps are selling for a 2.5% discount. But let me remind you…

Historically, companies are considered overvalued above 1.5 times book and 17 times earnings. So by that measure, the average small-cap stock is NOT a bargain anymore. They just appear cheap compared to the ridiculously priced large-caps.

Folks, now is NOT the time to be chasing overpriced small-cap companies with no real earnings growth, no real sales growth and extremely high multiples. I predict 2005 will be a year of reckoning and heartache for investors who do.

2005 will be a year in which investors will do well to focus on basic, boring fundamentals. Those who invest in companies with top- and bottom-line growth, year over year and quarter over quarter, will walk away far better off that those who invest blindly in the “hot stock” of the day. And those investors who focus on earnings growth of 10%, 25% or more will outperform the rest of the market handily.

If you’re looking for some specific stocks that I expect could outperform in 2005, check these out…

I ran a scan of all the companies (trading on a major exchange) that were growing at least 10% quarter over quarter and year over year and trading for less than 1.5 times sales, 1.5 times book value and 17 times earnings. I figured these are the kinds of companies you want to own in 2005.

Guess how many companies (out of the almost 6,000 I had to choose from) fit the criteria?

FIVE! That’s it. Five lousy companies. And four of them were small-caps with a market cap of $1 billion or less.

In the spirit of making predictions, I’d bet these four small-cap companies will
outperform the market in 2005…

1) Jaclyn, Inc. (JLN:AMEX)
2) LJ Intl., Inc. (JADE:NASDAQ)
3) P&F Industries, Inc. (PFIN:NASDAQ)
4) Span-America Medical Systems (SPAN:NASDAQ)

(By the way, the one large-cap that came up was foreign-based Sinopec Shanghai Petrochemical Co. (SHI:NYSE) — a Chinese crude oil processor!)

We’ll see how these stocks perform over the next 12 months. But fundamentally, they are sound businesses. They are all growing and trading for very fair multiples. And I believe it will be these kinds of companies that will be good investments in 2005.

On to the next prediction…

Small-cap investors who are patient and buy stocks that the insiders are buying will outperform the rest of the market.

I preach it all the time, but it’s true. The people who run the businesses know better than anyone else when times will be good — and when stock prices should rise. I predict investors who follow the smart money in 2005 will come out ahead.

So what are the insiders buying now?

There are seven small-cap stocks worth keeping an eye on as we head into the new year. In each case, insiders have bought at least a million shares in the last six months — and the total insider buying outweighs insider selling tenfold or more. Here are the candidates to watch…

1) Alloy, Inc. (ALOY:NASDAQ)
2) Collins & Aikman Corp. (CKC:NYSE)
3) Concord Camera Corp. (LENSE:NASDAQ)
4) Incyte Corp. (INCY:NASDAQ)
5) Inhibitex, Inc. (INHX:NASDAQ)
6) Myogen, Inc. (MYOG:NASDAQ)
7) Valence Technology, Inc. (VLNC:NASDAQ)

Again, look for stocks with heavy insider buying to reign supreme as 2005 unfolds.

Finally, my last prediction…

Small-cap investors who are willing to look outside the United States have a chance to outperform everyone — including the highly paid Wall Street analysts. Each year, the top performing foreign market beats the U.S. market — hands down. For instance…

The best performing foreign markets from 1995-1998 were Switzerland, Spain, Portugal and Finland. Anyone who was wise enough to have invested in those markets could have walked away with gains of 45%, 41.3%, 43.9% and 122.6%. And they also would have beaten the U.S. markets by an average of 31.4% a year!

And in 2005, the same will be true.

Countries like India and Mexico could well lead the way. Heck, the small-cap market in India is already in full bull mode. I’ve reported in previous Sleuth alerts that Indian penny stocks have risen as much as 1,400% this year. I expect that trend will continue. I like India as a long-term investment for the next 10 years — which is exactly why I hopped on a plane and spent nine days in Mumbai this past June.

Who knows what opportunities will present themselves in 2005? I don’t have a crystal ball, dear reader. But I do know two things…

Those people who take their time and invest in solid companies (with strong
fundamentals and strong growth numbers) will outperform the majority of the rank-and-file investing public. And those investors who are willing to look outside the U.S. borders for opportunities will bring home the lion’s share of profits.

Keep an eye on Mexico and India.

We’ll see if any of my predictions come true. To find out, stay tuned to Penny Sleuth every Tuesday and Friday. Here’s to a fantastic 2005.

Cheers,

James Boric

December 31, 2004

Our Small-Cap Predictions for 2005 was originally featured in the Penny Sleuth.

*** “Isn’t investing in penny stocks about the same as gambling in Vegas?” my longtime buddy John asked last night in a 45-minute phone conversation.

Poor John. He didn’t deserve what he got next. For 20 minutes straight, I ranted and raved about the misconceptions people have about small-cap, aka “penny,” stocks.

“It’s BS, man. Everyone grows up hearing about the same large blue chip companies – the Intels, the IBMs and the GMs of the world. Those are the companies your dad tells you about when you’re 10. Those are the companies you read about every damn day in the paper. And those are the companies you see on the Lou Dobbs TV show night in and night out. It pi#$es me off. But guess what…

“Intel is down 30% this year, IBM is down 2% and GM is down 25%,” I said as my face was turning a bright red and I was pumping my fists in the air. “Investing in those companies is like gambling. They are mature. They’ve been through their growth phase. And they aren’t likely to double your money anytime soon.”

To John’s absolute horror, I continued…

“People in general don’t know anything about small-cap stocks. They don’t read about them every morning. They don’t grow up hearing about them – except the one story of their crazy uncle that lost a fortune because he bet the farm on one startup company that went up in flames.”

And that’s too bad…

Because people fear what they don’t understand. And more often than not, they don’t understand a thing about small-cap companies. If only investors knew that…

– Upward of 80% of true value stocks on the market right now are small-cap stocks.
– The best investors of all time (including Buffett, Graham, Price and Templeton) all invested in small-cap stocks and built their fortunes on undiscovered gems of the day.
– And the majority of the best performers on the market right NOW are small-cap stocks.

Eventually, I calmed down. John (who lives in Massachusetts) and I talked about the Red Sox sweeping the Cardinals in the World Series. We both had a few good laughs about the Boston Curse and then hung up.

I get fired up, dear reader! But I can’t help it. Small-cap companies will eventually grow into large ones. Not all. But the ones that do will make a few investors (those who understand the small-cap argument) very wealthy. And I’m not the only one who knows this to be true…

*** On Wednesday, I got an e-mail from a friend and colleague, Chris Mayer. Chris is the editor of Fleet Street Letter – a true value-oriented letter. He looks for companies with what he calls “Tangible Assets That Sweat.” As Chris explains…

“Tangible assets are simply things we can touch and feel, things we can see and count. These investments include things like buildings, timber, cash, certain machinery, land, vineyards and other unique assets. Industries that are not going away and that are in no danger of the next generation of competitors making them obsolete.”

In good markets and bad, companies with real assets not only survive, but thrive. And Chris, like myself, believes very strongly in small-cap stocks. In fact, he is bullish on a small-cap Asian company right now. Check out Chris’ note to me…

“James, I recently recommended a real gem of a small-cap company to Fleet readers – a company that caters to the wealthiest crust of the world’s wealthiest people. Its earnings should increase by 30% this year. Best of all, the stock is cheap. You can get a 33% discount to net asset value by picking up shares in today’s market.”

Chris knows that the true growth and value companies tend to be small-caps. In fact, he recently wrote a free report about one company that could rise four to six times over in the next few years. Check it out: http://www.agora-inc.com/reports/FST/catB12

*** MSN Money once again published the top 10 performing stocks (trading for $5 or more) of the week. And seven of the 10 winners came from the ranks of the “unknown” small-cap market – with shares of CFC Intl. (CFCI:NASDAQ) leading the way, rising 54.5%. Here are the other nine for your researching pleasure…

– Interchange Corp. (INCX:NASDAQ), market cap of $70.12 million, rose 47.1%
– Laserscope (LSCP:NASDAQ), market cap of $529.9 million, rose 39.9%
– WMC Resources Ltd. (WMC:NYSE), market cap of $5.8 billion, rose 38.4%
– Intier Automotive, Inc. (IAIA:NASDAQ), market cap of $1.4 billion, rose 36.9%
– MicroStrategy, Inc. (MSTR:NASDAQ), market cap of $997.5 million, rose 36.9%
– Webco Industries, Inc. (WEB:AMEX), market cap of $45.5 million, rose 35.8%
– Competitive Technologies (CTT:AMEX), market cap of $35.1 million, rose 35.7%
– Decoma Intl. (DECA:NASDAQ), market cap of $897.7 million, rose 33.9%
– Tesma Intl., Inc. (TSMA:NASDAQ), market cap of $1.04 billion, rose 33.9%

The stats don’t lie, folks. Last week, nine of the top 10 performing stocks were small caps. This week, it’s seven. It’ll be a majority next week, too. I’m willing to bet on it. And who knows which one of these stocks will rise for weeks and weeks before stopping?

Maybe one will. Maybe two. Maybe none. We’ll have to see. But I do know one thing: There are tiny companies floating around the market right now that are about to take off. Some will rise for years and years on end – no matter what the rest of the market does. And to show you exactly the kind of profits that exists for patient small-cap investors, check out this case study of one unknown company that tipped from a local sensation to an international phenomenon…

The 21 Minutes That Sparked a 3,631% Run-Up

It was Dec. 17, 1997 – 6:30 p.m. Anxious school kids all over Japan were huddled around their TV sets to watch the 38th-ever Pokemon episode – “Computer Warrior Polygon.” It seemed harmless enough…

The main character, Pikachu, had a mission. He had to go inside a computer and stop a deadly “virus bomb” from being dropped by the evil Polygon.

The anticipated confrontation between good and evil came to a head 21 minutes into the show. Pikachu and Polygon met face to face to battle. Not wasting any time, Pikachu used his electric powers to destroy Polygon and stop the bomb from being detonated. It was an intense fight. And to heighten that intensity, the directors rapidly flashed a series of blue and red lights on the screen.

Within minutes of the battle airing on TV, hospitals were flooded with calls. Pokemon viewers were suddenly suffering from acute nausea, blackouts and epileptic fits. There were even kids who entered into trance-like states, similar to hypnosis. One little girl described her sudden illness like this: “As I was watching the blue and red lights flashing on the screen, I felt my body becoming tense. I do not remember what happened after that.”

It turns out the combination of the colors, the flashing effect on the screen and the duration of the fight scene created an optical stimulus that triggered instant attacks in thousands of Japanese viewers – leaving many temporarily helpless.

Within hours, the Japanese Ministry of Health, Labour and Welfare was investigating the Pokemon episode. TV Tokyo issued an apology and took the cartoon off the air. Even Japan’s Prime Minister Ryutaro Hashimoto weighed in with comments on the unfortunate situation.

Clearly, this marked the end of Pokemon, right? I mean, come on. This cartoon sent a wave of panic over all of Japan. Twelve thousand kids experienced some form of temporary illness. And 618 children were hospitalized – suffering from bouts of memory loss, stiffening limbs and epileptic-type fits.

Pokemon had its 15 minutes of fame. Now it was over?

WRONG!

Lovable Monsters

By April 1998, four months after the infamous fight scene, Japanese kids and parents demanded Pokemon re-air. They missed the lovable monsters.

Sure enough, Pokemon was brought back. And by year’s end, it was the third most watched show in Japan!

The obvious question that comes to mind is how could parents actually allow (let alone demand) Pokemon to re-air? The answer is simple.

Pokemon was an engaging show. It had children sitting on the edge of their seats wondering what would happen next. Plus, with its long list of characters, animation style and timely topics, Pokemon proved to be a tremendous learning tool for young kids. Seven-year-olds could rattle off more facts about Pokemon than they could about any other subject – period.

Pokemon had appeal. And in 1999, it tipped from a Japanese sensation to a worldwide phenomenon – it was introduced to the United States on Nov. 22. The rest is history.

Today, there are Pokemon video games, action figures, DVDs, CDs and, of course, the TV show. The company that owns the rights to Pokemon, 4Kids Entertainment, Inc., went from a $739,138 company in 1997 to a $38.8 million company in 2000. Its stock price shot up from $1 to a split-adjusted high of $37.31 in that three-year span. Investors who recognized the power of the Pokemon monsters made a killing. And you can too.

At $18.48 a share, it’s probably now too late to invest in 4Kids Entertainment. But there are hundreds of other stocks on the market today that are just like 4Kids was in 1998 – on the verge of tipping from a small business to an internationally recognized corporation. And historically, these are the most lucrative stocks to invest in – far better than even the biggest blue chip stocks.

Unknown small-cap companies like 4Kids Entertainment average about 12% returns year in and year out. By comparison, large blue chip companies will give you about a 10% return on your investment. Big deal, right? We’re talking about two points. Who cares?

Before you decide not to care, consider this…

Over an average five-year holding period, a basket of small-cap stocks will give you a nice 84% return on your money. A similar basket of large-cap stocks will give you only 47%. And the longer you are willing to hold, the bigger the difference between small- and large-cap returns.

Over a 10-year holding period, small-cap stocks have been good for a 197% return – compared to 119% for their large-cap counterparts. Hold for 20 years, and your unknown, never-talked-about small-cap stocks will average 762% returns – more than twice as much as the highly touted, often-publicized blue chip stocks.

And if you really have time on your side, you should know this…

Over a 35-year holding period, small-cap stocks have ALWAYS outperformed large-cap stocks. Always.

Of course, investing in small-cap stocks can be a risky business – especially in the short term. Some companies will go out of business – and their stocks will fall to nothing. But others will go on to make you 3,631% profits in three years – like 4Kids Entertainment did between 1997 and 2000. The question you need to ask yourself is…

Is short-term volatility worth it for the long-term profits?

Those investors who bailed on 4Kids Entertainment in December 1997 took a 17% loss when Pokemon was pulled off the air. But more importantly, they missed out on 3,631% profits over the next three years. That’s hard to swallow. In fact, I wouldn’t be surprised if those people experienced acute nausea, stiffening of the limbs and the occasional epileptic fit every time they happened to flip past the latest Pokemon episode. Only this time I guarantee it wasn’t from the flashing red and blue lights…

Regards,
James Boric

October 29, 2004

The 21 Minutes That Sparked a 3,631% Run-Up was originally featured in the Penny Sleuth.