31-Mar-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
IVN	Metal Mining	SHORT	27.46	0.29	HOLD
END	Oil and Gas Operations	SHORT	12.70	-0.16	HOLD
SFE	Business Services	SHORT	20.35	1.40	HOLD
ARIA	Biotechnology and Drugs	SHORT	7.52	-0.79	HOLD
MTL	Iron and Steel	LONG	30.79	-1.63	HOLD
CPX	Oil Well Services and Equipment	LONG	31.81	-0.06	SELL
NAT	Water Transportation	SHORT	24.84	0.04	HOLD
MYL	Biotechnology and Drugs	LONG	22.66	-0.53	HOLD
SGEN	Biotechnology and Drugs	SHORT	15.57	1.90	HOLD
CHRS	Retail (Apparel)	LONG	4.26	1.91	HOLD
COHU	Semiconductors	LONG	15.36	-0.07	HOLD
MBT	Communications Services	LONG	21.23	-1.44	HOLD
TSO	Oil and Gas Operations	LONG	26.83	-3.35	HOLD
CRME	Biotechnology and Drugs	SHORT	4.28	-0.47	HOLD
GES	Retail (Apparel)	LONG	39.35	0.46	HOLD
MMR	Oil and Gas Operations	SHORT	17.71	1.32	HOLD
FDML	Auto and Truck Parts	LONG	24.90	0.00	HOLD
ITMN	Biotechnology and Drugs	SHORT	47.19	0.13	HOLD
DEPO	Biotechnology and Drugs	SHORT	10.04	0.20	HOLD
SJW	Water Utilities	SHORT	23.15	0.78	HOLD
SMSI	Software and Programming	SHORT	9.36	-1.37	HOLD
JBL	Electronic Instr. and Controls	LONG	20.43	-3.59	HOLD
PERY	Apparel/Accessories	LONG	27.52	1.21	SELL
CCL	Recreational Activities	LONG	38.36	-1.15	HOLD
RIMM	Communications Equipment	LONG	56.54	-0.86	HOLD
MED	Biotechnology and Drugs	LONG	19.75	4.11	HOLD
CTB	Tires	LONG	25.75	-0.92	HOLD
ACTG	Misc. Financial Services	LONG	34.35	5.27	HOLD
CMC	Iron and Steel	LONG	17.27	-0.12	HOLD
NCT	Real Estate Operations	LONG	6.04	-0.82	HOLD
BTH	Personal and Household Prods.	LONG	32.49	2.91	HOLD
CPY	Photography	LONG	22.51	-1.40	HOLD
FINL	Retail (Apparel)	LONG	19.85	0.56	HOLD
ELGX	Medical Equipment and Supplies	SHORT	6.78	-0.59	HOLD
SPY	Misc. Financial Services	SHORT	132.59	-0.14	HOLD
SPY	Misc. Financial Services	SHORT	132.59	-0.14	HOLD
OXM	Apparel/Accessories	LONG	34.19	2.27	HOLD
BBY	Retail (Technology)	LONG	28.72	-1.68	HOLD
CAAS	Auto and Truck Parts	LONG	8.90	-1.77	HOLD
NVMI	Semiconductors	LONG	9.78	3.85	BUY
DSGX	Computer Services	LONG	6.66	1.06	BUY
TODAY SUMMARY				GAINS(%)
LONGS				-0.03
SHORTS				0.16
TOTAL				-0.19
S&P 500				-0.18
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	-0.62	0.82	-2.14	-0.77
S&P 500	0.44	1.00	-4.78	0.44