04-May-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AIR	Aerospace and Defense	LONG	25.24	-1.14	SELL
BGFV	Retail (Specialty)	LONG	10.25	-12.91	HOLD
CMRG	Retail (Apparel)	LONG	3.98	-2.45	HOLD
CORE	Retail (Grocery)	LONG	33.25	-1.74	HOLD
DDIC	Electronic Instr. and Controls	LONG	9.02	-1.10	HOLD
DSPG	Semiconductors	LONG	7.83	-0.89	HOLD
ELY	Recreational Products	LONG	6.80	-0.87	HOLD
HHGP	Business Services	LONG	5.36	-2.55	HOLD
IVAC	Computer Storage Devices	LONG	11.21	-1.62	BUY
JAKK	Recreational Products	LONG	20.27	-0.83	HOLD
JOUT	Recreational Products	LONG	16.03	-1.54	HOLD
KNSY	Medical Equipment and Supplies	LONG	24.25	-0.66	HOLD
LYTS	Furniture and Fixtures	LONG	7.92	-5.26	HOLD
PACR	Misc. Transportation	LONG	5.65	-1.22	HOLD
PETS	Retail (Drugs)	LONG	14.78	0.82	HOLD
PLAB	Semiconductors	LONG	8.03	-1.83	HOLD
PRSC	Personal Services	LONG	14.30	0.35	HOLD
RBCN	Semiconductors	LONG	27.58	0.88	HOLD
RSYS	Computer Hardware	LONG	8.93	2.64	HOLD
SPY	Misc. Financial Services	SHORT	134.83	-0.66	HOLD
UCTT	Semiconductors	LONG	11.00	0.92	HOLD
WGO	Mobile Homes and RVs	LONG	11.71	-0.85	HOLD
XRTX	Computer Storage Devices	LONG	9.74	0.00	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.44
SHORTS				-0.66
TOTAL				-0.78
S&P 500				-0.69
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	-2.18	0.76	-2.18	-2.86
S&P 500	2.07	0.76	-4.78	2.70