What concerns me is we had 16 companies on the list last Q and only made 2 cents a share. We made 3 cents on 3 companies (Nokia, Sharp, SanDisk) in 4Q06.

Maintaining the "secret" concerning what happened to the large potential income from the J's is hurting the P/E ratio ( now 5.4). That's certainly a concern. The SP should be 45 cents with our current TTM EPS of .05 and a normal P/E.

But after this Q's reported earnings is out (9 days to end of Q) the TTM EPS will be calculated as Q + .02 + .01 - .01.

In other words TTM EPS will = Q + .02

We'll need this Q's earnings to result in an EPS of 3 cents to maintain our current TTM EPS of 5 cents. Three cents would be wonderful in my mind, but it seems a stretch with only 4 companies on the list. Then again we did it with only 3 companies in 4Q06.