29-Apr-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AIR	Aerospace and Defense	LONG	26.04	0.15	HOLD
AM	Printing and Publishing	LONG	24.60	3.84	HOLD
BTH	Personal and Household Prods.	LONG	47.14	0.11	HOLD
CMRG	Retail (Apparel)	LONG	4.22	-0.94	BUY
COHU	Semiconductors	LONG	14.41	3.00	SELL
CORE	Retail (Grocery)	LONG	33.51	-0.59	HOLD
DDIC	Electronic Instr. and Controls	LONG	9.61	1.16	BUY
ELY	Recreational Products	LONG	7.08	-0.14	HOLD
HHGP	Business Services	LONG	6.03	-0.33	HOLD
JAKK	Recreational Products	LONG	21.04	1.06	HOLD
JOUT	Recreational Products	LONG	16.59	2.41	HOLD
KNSY	Medical Equipment and Supplies	LONG	24.73	0.57	HOLD
LYTS	Furniture and Fixtures	LONG	8.29	1.47	HOLD
MED	Biotechnology and Drugs	LONG	19.75	0.10	HOLD
NVMI	Semiconductors	LONG	9.86	-1.69	SELL
PACR	Misc. Transportation	LONG	5.99	-0.33	HOLD
PETS	Retail (Drugs)	LONG	15.09	-0.53	HOLD
PLAB	Semiconductors	LONG	8.73	-1.02	HOLD
RBCN	Semiconductors	LONG	28.51	1.53	HOLD
RSYS	Computer Hardware	LONG	8.81	2.56	HOLD
SPY	Misc. Financial Services	SHORT	136.43	0.24	HOLD
UCTT	Semiconductors	LONG	11.49	-0.52	HOLD
WGO	Mobile Homes and RVs	LONG	12.38	-1.04	HOLD
XRTX	Computer Storage Devices	LONG	10.21	-1.16	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.45
SHORTS				0.24
TOTAL				0.21
S&P 500				0.23
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	1.51	0.71	-2.01	2.12
S&P 500	3.30	0.79	-4.78	4.18

29-Apr-2011 Daily positions

Pre Opening Longs: AIR, AM, BTH, COHU, CORE, ELY, HHGP, JAKK, JOUT, KNSY,
LYTS, MED, NVMI, PACR, PETS, PLAB, RBCN, RSYS, UCTT, WGO, XRTX
Pre Opening Shorts: SPY

28-Apr-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AIR	Aerospace and Defense	LONG	26.00	1.68	HOLD
AM	Printing and Publishing	LONG	23.69	-3.58	HOLD
BTH	Personal and Household Prods.	LONG	47.09	1.01	HOLD
CAAS	Auto and Truck Parts	LONG	9.54	-0.31	SELL
COHU	Semiconductors	LONG	13.99	0.00	HOLD
CORE	Retail (Grocery)	LONG	33.71	0.69	HOLD
ELY	Recreational Products	LONG	7.09	2.90	HOLD
HHGP	Business Services	LONG	6.05	0.17	HOLD
JAKK	Recreational Products	LONG	20.82	-0.05	BUY
JOUT	Recreational Products	LONG	16.20	0.87	HOLD
KNSY	Medical Equipment and Supplies	LONG	24.59	-0.93	HOLD
LYTS	Furniture and Fixtures	LONG	8.17	10.55	HOLD
MED	Biotechnology and Drugs	LONG	19.73	1.23	HOLD
NCT	Real Estate Operations	LONG	6.21	0.16	SELL
NVMI	Semiconductors	LONG	10.03	-3.46	HOLD
PACR	Misc. Transportation	LONG	6.01	17.61	HOLD
PETS	Retail (Drugs)	LONG	15.17	0.80	HOLD
PLAB	Semiconductors	LONG	8.82	-4.13	HOLD
RBCN	Semiconductors	LONG	28.08	-2.60	BUY
RSYS	Computer Hardware	LONG	8.59	-1.38	HOLD
SPY	Misc. Financial Services	SHORT	136.11	0.32	HOLD
UCTT	Semiconductors	LONG	11.55	-1.28	HOLD
WATG	Auto and Truck Parts	LONG	6.16	0.98	SELL
WGO	Mobile Homes and RVs	LONG	12.51	-0.08	HOLD
XRTX	Computer Storage Devices	LONG	10.33	0.19	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.08
SHORTS				0.32
TOTAL				0.75
S&P 500				0.36
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	2.15	0.73	-2.01	2.95
S&P 500	3.07	0.79	-4.78	3.87

28-Apr-2011 Daily positions

Pre Opening Longs: AIR, AM, BTH, CAAS, COHU, CORE, ELY, HHGP, JOUT, KNSY,
LYTS, MED, NCT, NVMI, PACR, PETS, PLAB, RSYS, UCTT, WATG, WGO, XRTX
Pre Opening Shorts: SPY

27-Apr-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AIR	Aerospace and Defense	LONG	25.57	0.87	HOLD
AM	Printing and Publishing	LONG	24.57	1.91	HOLD
BTH	Personal and Household Prods.	LONG	46.72	-0.66	HOLD
CAAS	Auto and Truck Parts	LONG	9.57	-5.62	HOLD
CMC	Iron and Steel	LONG	16.74	0.48	SELL
COHU	Semiconductors	LONG	13.99	0.00	HOLD
CORE	Retail (Grocery)	LONG	33.48	-0.45	HOLD
ELY	Recreational Products	LONG	6.89	-1.29	HOLD
HHGP	Business Services	LONG	6.04	-1.79	HOLD
JBL	Electronic Instr. and Controls	LONG	20.92	2.10	SELL
JOUT	Recreational Products	LONG	16.06	2.82	HOLD
KNSY	Medical Equipment and Supplies	LONG	24.82	1.06	HOLD
LYTS	Furniture and Fixtures	LONG	7.39	1.65	HOLD
MED	Biotechnology and Drugs	LONG	19.49	-0.15	HOLD
NCT	Real Estate Operations	LONG	6.20	0.98	HOLD
NVMI	Semiconductors	LONG	10.39	1.27	HOLD
PACR	Misc. Transportation	LONG	5.11	0.39	BUY
PETS	Retail (Drugs)	LONG	15.05	1.42	HOLD
PLAB	Semiconductors	LONG	9.20	0.55	HOLD
RSYS	Computer Hardware	LONG	8.71	2.35	HOLD
SPY	Misc. Financial Services	SHORT	135.67	0.65	HOLD
UCTT	Semiconductors	LONG	11.70	1.04	HOLD
WATG	Auto and Truck Parts	LONG	6.10	1.50	HOLD
WGO	Mobile Homes and RVs	LONG	12.52	-0.79	HOLD
XRTX	Computer Storage Devices	LONG	10.31	-0.29	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.39
SHORTS				0.65
TOTAL				-0.26
S&P 500				0.62
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	0.72	0.73	-2.01	0.99
S&P 500	2.70	0.80	-4.78	3.36

26-Apr-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AIR	Aerospace and Defense	LONG	25.35	0.44	HOLD
AM	Printing and Publishing	LONG	24.11	0.79	HOLD
BTH	Personal and Household Prods.	LONG	47.03	2.80	HOLD
CAAS	Auto and Truck Parts	LONG	10.14	0.60	HOLD
CMC	Iron and Steel	LONG	16.66	2.40	HOLD
COHU	Semiconductors	LONG	13.99	0.65	HOLD
CORE	Retail (Grocery)	LONG	33.63	1.33	HOLD
ELY	Recreational Products	LONG	6.98	-0.29	HOLD
GES	Retail (Apparel)	LONG	41.26	1.95	SELL
HAS	Recreational Products	LONG	46.14	1.05	SELL
HHGP	Business Services	LONG	6.15	4.24	HOLD
JBL	Electronic Instr. and Controls	LONG	20.49	2.60	HOLD
JOUT	Recreational Products	LONG	15.62	-0.57	BUY
KNSY	Medical Equipment and Supplies	LONG	24.56	0.99	BUY
LYTS	Furniture and Fixtures	LONG	7.27	0.69	HOLD
MED	Biotechnology and Drugs	LONG	19.52	6.90	HOLD
MR	Scientific and Technical Instr.	LONG	26.52	0.04	SELL
NCT	Real Estate Operations	LONG	6.14	-1.44	HOLD
NVMI	Semiconductors	LONG	10.26	1.79	HOLD
PETS	Retail (Drugs)	LONG	14.84	0.99	BUY
PLAB	Semiconductors	LONG	9.15	4.45	BUY
RSYS	Computer Hardware	LONG	8.51	0.24	BUY
SOL	Semiconductors	LONG	9.20	-0.97	SELL
SPY	Misc. Financial Services	SHORT	134.79	0.86	HOLD
STLD	Iron and Steel	LONG	18.83	1.95	SELL
TSO	Oil and Gas Operations	LONG	26.76	-3.18	SELL
UCTT	Semiconductors	LONG	11.58	12.59	HOLD
WATG	Auto and Truck Parts	LONG	6.01	-0.33	HOLD
WGO	Mobile Homes and RVs	LONG	12.62	1.28	BUY
XRTX	Computer Storage Devices	LONG	10.34	2.94	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.72
SHORTS				0.86
TOTAL				0.86
S&P 500				0.90
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	0.99	0.74	-2.01	1.33
S&P 500	2.06	0.81	-4.78	2.55

26-Apr-2011 Daily positions

Pre Opening Longs: AIR, AM, BTH, CAAS, CMC, COHU, CORE, ELY, GES, HAS,
HHGP, JBL, LYTS, MED, MR, NCT, NVMI, SOL, STLD, TSO, UCTT, WATG, XRTX
Pre Opening Shorts: SPY

25-Apr-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AIR	Aerospace and Defense	LONG	25.24	-1.94	HOLD
AM	Printing and Publishing	LONG	23.92	-0.46	HOLD
BBY	Retail (Technology)	LONG	30.20	0.27	SELL
BTH	Personal and Household Prods.	LONG	45.75	-1.85	HOLD
CAAS	Auto and Truck Parts	LONG	10.08	-2.14	HOLD
CCL	Recreational Activities	LONG	37.02	-1.57	SELL
CMC	Iron and Steel	LONG	16.27	-1.21	HOLD
COHU	Semiconductors	LONG	13.90	0.07	HOLD
CORE	Retail (Grocery)	LONG	33.19	-0.21	BUY
ELY	Recreational Products	LONG	7.00	0.29	BUY
GES	Retail (Apparel)	LONG	40.47	1.38	HOLD
HAS	Recreational Products	LONG	45.66	2.49	HOLD
HHGP	Business Services	LONG	5.90	-1.34	HOLD
JBL	Electronic Instr. and Controls	LONG	19.97	0.30	HOLD
LYTS	Furniture and Fixtures	LONG	7.22	-0.69	HOLD
MED	Biotechnology and Drugs	LONG	18.26	2.70	HOLD
MR	Scientific and Technical Instr.	LONG	26.51	-0.11	HOLD
MTL	Iron and Steel	LONG	28.63	-1.21	SELL
NCT	Real Estate Operations	LONG	6.23	1.30	HOLD
NVMI	Semiconductors	LONG	10.08	-0.69	HOLD
RIMM	Communications Equipment	LONG	53.44	-0.61	SELL
SOL	Semiconductors	LONG	9.29	0.87	HOLD
SPY	Misc. Financial Services	SHORT	133.64	-0.10	HOLD
STLD	Iron and Steel	LONG	18.47	-0.43	HOLD
TSO	Oil and Gas Operations	LONG	27.64	0.33	HOLD
UCTT	Semiconductors	LONG	10.28	2.03	BUY
VIP	Communications Services	LONG	14.24	-0.42	SELL
WATG	Auto and Truck Parts	LONG	6.03	1.52	HOLD
XRTX	Computer Storage Devices	LONG	10.05	0.75	BUY
TODAY SUMMARY				GAINS(%)
LONGS				-0.14
SHORTS				-0.10
TOTAL				-0.04
S&P 500				-0.16
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	0.13	0.74	-2.01	0.18
S&P 500	1.15	0.81	-4.78	1.43

25-Apr-2011 Daily positions

Pre Opening Longs: AIR, AM, BBY, BTH, CAAS, CCL, CMC, COHU, GES, HAS, HHGP,
JBL, LYTS, MED, MR, MTL, NCT, NVMI, RIMM, SOL, STLD, TSO, VIP, WATG
Pre Opening Shorts: SPY