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6) Wait until Jan 2005 to make the first investments

in NASDAQ 100 at Schwab

in Calvert mid cap at ML

because I did

US market in 2002-3, and

overseas [market] in 2004.

Now I will start to focus on small cap tech social activism but not the microcap of either because overall the market is only fairly price, not underpriced, so risk may be too high for me since I don't "love" like PNO.

7) From the printouts of the NASDAQ 100, pick another stock, perferably a mid cap, to help assess market value of NASDAQ, along with Yahoo. Guidant?

8) Set up two "Big Data" pages probably like this:

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PNO Price + Rel PNO EPS + Rel } Yahoo same

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NASDAQ 100 Price + Rel } "That" stock Price + Rel + EPS + Rel (or comcast as of 12-5-2004?) } Calvert small cap Price + Rel

a) Chart PNO and Yahoo price relative to market on one chart

b) Chart PNO and Yahoo P/E + P/E relative to GE on one chart

c) Chart NASDAQ + "That" stock Rel Mkt price on one chart

d) Chart "That" stock P/E + Rel P/E

e) Chart Calvert small cap on same chart as Ext'd market for price relative to market

12-6-2004 9) Own about 20,000 of Yahoo and "That Stock" (Guidant, Amgen, Comcast, etc) at Schwab to get proxies as I do GE.