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Stockprowler.com ...HOT stock pick of the week on the Web!

Stockprowler looks under the rocks to find those little stocks with the potential to make the BIG moves. Stockprowler screens NASDAQ, NYSE, AMEX, and OTC stocks trading under $1. These stocks offer the speculator considerable leverage. It is not uncommon for these stocks to make moves of 30%, 50%, or more. Please read our disclaimer before trading in any stocks mentioned on this Website ... Here's the Stockprowler Report for Summer, 2005:

Stockprowler Watch

Here are some stocks we are watching closely!

Our next pick will be 10/2/05!

SSTY

DIMEZ

CYOS

VOXW

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Stockprowler picks 3 wild card speculations for the summer…all three have 10 bagger potential in our opinion:

Wild Card Pick #1

RAE Systems Inc. - Sept. 2005 $5.00 call option (RAE IA)

Closing Price Friday 4/29/2005: 30 cents

RAE Systems is a leading global developer and manufacturer of rapidly deployable chemical and radiation detection monitors and multi-sensor networks for Homeland Security and industrial applications. RAE Systems' technologically advanced products are based on proprietary technology, and include a full line of portable, wireless and fixed atmospheric monitors and photo-ionization detectors and gamma and neutron radiation detectors for the detection and early warning of hazardous materials.

Looking at fundamentals for the company: Sales up 45% in 2004, Cash Flow up 300%, and working capital up 60%... Bottom line is RAE is rapidly becoming the premier provider of solutions in this market sector. So, why the plummeting stock price from a high of $9.58 less than 6 months ago to the present level of $2.80 as of 4/29/2005? The answer is troubling and twofold in our opinion.

Despite the fact that the company is executing its business plan very effectively, we have seen two major PR gaffs in the past couple of months... most recently on Thursday, April 28 with RAE announcing that it will postpone release of first quarter 2005 results and its previously scheduled conference call to discuss the first quarter 2005 results. Both the release and the call were scheduled for Tuesday, May 3, 2005. Given that the earlier PR of March 17, announcing the delay of its 10-K and its bizarre release just a day later after a horrendous tumble in the stock price, makes one wonder why management was not more cautious in its latest PR. A second reason for the stocks tumble may have to do with hedge funds capitalizing on management ineptness, shorting the RAE stock to hedge their long positions and further consolidate their long positions by eliminating many weak retail holders in the downward spiral.

Stockprowler views RAE as a rare speculative opportunity to cash in with the "Big Boys". RAE has a great product line, and is set to explode despite the recent management PR gaffs. The big players have loaded their boats at very cheap prices, and we are now about to set sail. All aboard... the ship is leaving port. And in our opinion, the best way to get maximum leverage here is with the September 2005 call options having a strike price of $5.00. Any breach of national security endangering lives of American citizens will drive the share price of RAE back to the $10 a share level in a hurry... making RAE Sept 5.00 calls a 10 bagger plus. Just our opinion.

Wild Card Pick #2

ObjectSoft Corp. (OTC-Pink Sheets: OSFT)

Closing Price Friday 4/29/2005: $0.0009

ObjectSoft Corp (OSFT) trading at less than 1/10 of a cent is pure speculation. OSFT is a publicly traded shell corporation that recently announced the acquisition by the company of the nanotechnology assets of RES Inc., formerly Terra Solar Development Corp. and also of Accusealed of Hungary. RES, Inc. is a well-known pioneer in the fields of photovoltaic cells and nanotechnology. Dr. Zoltan Kiss, the chief scientist of RES is one of the primary inventors of the LCD digital watch, and has over 30 patents to his credit, including fundamental photovoltaic and nanotechnology patents. ObjectSoft is soon to be renamed Nanergy, Inc.

The principal nanotechnology assets acquired include:

Patents issued and applied for, as well as patent disclosures related to the use of carbon nanotubes in nickel-carbon nanotube batteries
Patents issued and applied for Hydrogen storage in carbon nanotubes
Design of a number of Nanofilm-based PV consumer products, and related contracts with workers and consultants

Mr. Moshe Gluzman, CEO of ObjectSoft said, "We are delighted to welcome Dr. Zoltan Kiss and his colleagues to our company and look forward to providing them with the financial resources necessary for them to succeed with their business plan."

The assets are being acquired debt-free. All stock issued in connection with the transaction is being issued as restricted stock, and will be subject to lockup agreements once it becomes free.

Mr. Gluzman stated, "We have received and approved for manufacture a working prototype of NanoSign(TM), the company's first commercial nanotechnology based product. We expect to shortly release the product for manufacture and to begin shipping in the second quarter of 2005." This illuminated safety house number sign uses PV Nanofilm technology so that it can recharge in low light. The high efficiency of the nanotechnology-based photovoltaic cell recharges the device for a week on only eight hours of daylight. Unlike existing devices, direct sunlight is not required. The company believes this product meets a widely-felt need. Products of this type have been recommended by police and emergency workers; however existing products have been too expensive and have too short a life to be suitable for mass marketing.

OSFT recently announced details of its capital structure. The number of shares authorized is 850 million. About 643 million restricted shares were issued or are issuable in connection with the acquisitions. The total outstanding after giving effect to shares issuable for the acquisition is about 700 million shares... Public float is about 50 million shares as reported by the company.

Wild Card Pick #3

Dime Bancorp Litigation Tracking Warrants (NasdaqNM: DIMEZ)

Closing Price Friday 4/29/2005: 14 cents

These financial instruments are termed warrants, but in fact, are more akin to rights. They offer the buyer an opportunity to receive common stock if a particular event not related to price of the common stock occurs. There is no exercise price, nor is there a definitive expiration date... the warrants expire shortly after litigation has been concluded. The warrants offer purchasers the opportunity to receive 85% of a settlement after taxes and lawyers fees have been taken out. Washington Mutual bought out Dime Bancorp several years ago and inherited Dime Bancorp's lawsuit. Thus, the warrants trade as DIMEZ, although the underlying stock for the warrants is Washington Mutual (NYSE:WM).

The number of shares of Washington Mutual that a holder of the DIMEZ warrants is entitled to after settlement of the litigation is difficult to determine and is dependent on several variables. The actual lawsuit seeks $650 million dollars. If the court were to award the full amount being sought, given taxes, the upper limit on the valuation of the DIMEZ warrants would be about $3.00

History - The lawsuit was filed against the United States government way back in January of 1995 by Anchor Bancorp, which later merged with Dime Bancorp. Between 1982 and 1985, Anchor acquired 8 failing savings and loan operations. Four of the acquisitions involved financial assistance from the Federal Savings and Loan Insurance Corporation (FSLIC). Liabilities in these transactions exceeded assets by $650 million. Anchor alleged that FSLIC agreed that this sum could be recorded as goodwill, and that Anchor would not have made the acquisitions if this had not been the case.

Enacted in 1989, the Financial Institutions Reform, Recovery, and Enforcement Act required that the aforementioned goodwill be eliminated immediately. The company argues that this action placed severe restrictions on its activities and forced the company to sell valuable assets under liquidation-like circumstances.

This case is expected to be argued in court in 2005.

Stockprowler.com does not receive compensation from companies we profile or from third parties... we never have and never will. We use our own money when we buy stocks, and even though we usually take a position in a stock before we profile a company, our purchases are small relative to the public float so that the effect on the stock price when we buy or sell is minimal. Please read our full disclaimer.

Also, contrary to a commonly held belief, Stockprowler does not have access to insider information, nor do we want to because trading on insider information is illegal! All information contained in our reports is available in the public record... and any written or verbal communication with company CEOs/IR people strictly adheres to this rule. Readers are urged to read the company SEC filings and do their own due diligence before investing in this or any other stock.

Good Trading... Stockprowler