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Tuesday, July 11, 2006

Calls of Note Part 4

- First Albany out with an interesting call on Matrixx Initiatives (NASDAQ:MTXX) noting the stock at $15.18 is presently 42% below the 52-week high set on March 2, 2006. Firm thinks it may be the time for investors to start thinking about bottom fishing.

Firm says that although past performance is no guarantee of future performance, the stock has historically exhibited a seasonal run-up from the first week of July through the last week of October. In 2003, that period gain was 98%; in 2004, 38%; and in 2005, 45%. THey believe this price appreciation is an anticipation of flu season and the introduction of new Zicam products. The level and severity of winter flu incidence is what directly affects Zicam product sales.

Notablecalls: Not actionable but good to know cateogry.

- RBC Capital is positive on WebSideStory (NASDAQ:WSSI) saying that based on their research, they expect the co will report robust bookings across all business divisions (HBX, Atomz and V/S) for the June quarter. Considering the current valuation (15x our CY/07 EPS estimate of $0.75), they believe WSSI offers the most compelling risk-to-reward profile in firm's coverage universe.

Notes they are aggressive buyers at these levels. Reits Outperform.

Notablecalls: The call is actually titled "Investors Could Be Surprised". RBC is not a firm to be taken lightly. Keep an eye on WSSI for a bounce.

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