Place Your Bets

More and more of the youth today are getting into a "sport" called proffessional gambling. I don't agree with people who take this road in life but it has became so widespread throughout the western culture. For these reasons I am going to recommend a stock called UBET.com(UBET). I think that with this growing "sport" becoming so popular throughout America and other places around the world,Ubet will benefit. It has a very good balance sheet with only 700K in debt, total cash of about $16 million and revenue of $88 million in 2005. Watch this company double down and hit a "21" Current Price: $4.85 Price Target: $10

ENCY

ENCY is a company that I profiled way back when, and now its lead drug candidate, Thelin, was recently approved by the FDA, but it wanted more data shown. Wall St., in my humble opinion over reacted to the news and slashed the shares of ENCY by about 50%. I think this is going to be another ELN story where the stock was slashed alot, it went all the way to $3 and now its around $14. Even though it faces competition from Myogen,a company developing the same kind of drug, I believe this drug will be approved and it is worth picking up here at $4.29. Watch ENCY rebound from these low levels. It is a very speculative pick, only for those looking for huge risk-reward plays. Price target cut to $12.