Ever since June began, the market has come under severe selling pressure--there’s been nary a bounce this month, and any up day (like yesterday’s) has been quickly reversed. It’s clear the intermediate-term trend is pointed down, and we’re glad to have held at least 50% cash in the Model Portfolio during the past month (now up to 60%). While the headlines turn negative and sentiment worsens, we’re refusing to stick our head in the sand. Instead, we’re busy working to find the stocks that have both great growth stories and are resisting the market’s decline. One of the stocks we’re most intrigued by is profiled page 5. It’s a big story. We also review our four remaining stocks on pages 2 and 3, as well as highlight a couple of high-potential (but still not yet mature) recent IPOs on page 4. All in all, while we’re happily playing defense right now, we’re working to make sure you benefit the most from the next uptrend.