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SSKILLZ1

12/31/11 12:44 PM

#2905 RE: SSKILLZ1 #2904

The VMIR Would have been up 5.29% in 2011, excluding china stocks. So both the VMI and VMIR would have been up minus china stocks, hence the average microcap stock we follow didn't do too badly, if you ignore china stocks. All is just my opinion, and I could always be wrong though.