08-Jul-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
CASC	Auto and Truck Parts	LONG	52.73	-1.20	HOLD
CBR	Software and Programming	LONG	5.60	-2.78	HOLD
CVI	Oil and Gas Operations	LONG	26.66	0.64	HOLD
DDE	Casinos and Gaming	LONG	3.25	0.00	HOLD
DIOD	Semiconductors	LONG	26.63	-1.15	HOLD
HRB	Personal Services	LONG	16.12	-1.53	SELL
HURC	Scientific and Technical Instr.	LONG	34.21	-0.09	HOLD
IIIN	Constr. - Supplies and Fixtures	LONG	12.20	-2.40	HOLD
JJSF	Food Processing	LONG	51.64	-0.39	HOLD
LYTS	Furniture and Fixtures	LONG	7.91	-0.50	HOLD
LZB	Furniture and Fixtures	LONG	10.01	-1.28	HOLD
MASC	Misc. Fabricated Products	LONG	7.35	-0.68	HOLD
MMS	Business Services	LONG	42.22	-0.42	HOLD
RCKY	Footwear	LONG	12.80	0.55	HOLD
ROCK	Constr. - Supplies and Fixtures	LONG	11.46	-0.35	BUY
RSYS	Computer Hardware	LONG	8.39	3.84	HOLD
SOL	Semiconductors	LONG	4.77	-3.83	HOLD
SPA		LONG	10.08	-1.71	HOLD
SPY	Misc. Financial Services	SHORT	134.40	-0.71	HOLD
STMP	Retail (Catalog and Mail Order)	LONG	13.92	-0.43	HOLD
SWM	Paper and Paper Products	LONG	57.46	-1.76	HOLD
TICC	Misc. Financial Services	LONG	9.94	0.40	HOLD
TSEM	Semiconductors	LONG	1.14	-4.20	HOLD
ZEUS	Misc. Fabricated Products	LONG	27.75	0.91	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.82
SHORTS				-0.71
TOTAL				-0.11
S&P 500				-0.70
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	2.12	1.06	-4.62	2.00
S&P 500	1.80	2.16	-7.20	0.84

08-Jul-2011 Daily positions

Pre Opening Longs: CASC, CBR, CVI, DDE, DIOD, HRB, HURC, IIIN, JJSF, LYTS,
LZB, MASC, MMS, RCKY, RSYS, SOL, SPA, STMP, SWM, TICC, TSEM, ZEUS
Pre Opening Shorts: SPY

07-Jul-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
CASC	Auto and Truck Parts	LONG	53.37	5.52	HOLD
CBR	Software and Programming	LONG	5.76	-0.17	HOLD
CVI	Oil and Gas Operations	LONG	26.49	4.09	HOLD
DDE	Casinos and Gaming	LONG	3.25	1.56	HOLD
DIOD	Semiconductors	LONG	26.94	1.51	HOLD
HRB	Personal Services	LONG	16.37	0.74	HOLD
HURC	Scientific and Technical Instr.	LONG	34.24	-0.03	HOLD
IIIN	Constr. - Supplies and Fixtures	LONG	12.50	0.97	HOLD
JJSF	Food Processing	LONG	51.84	0.99	HOLD
LYTS	Furniture and Fixtures	LONG	7.95	-0.38	HOLD
LZB	Furniture and Fixtures	LONG	10.14	-0.39	HOLD
MASC	Misc. Fabricated Products	LONG	7.40	0.95	HOLD
MMS	Business Services	LONG	42.40	1.07	HOLD
RCKY	Footwear	LONG	12.73	3.33	HOLD
RSYS	Computer Hardware	LONG	8.08	8.31	HOLD
SOL	Semiconductors	LONG	4.96	-1.78	HOLD
SPA		LONG	10.26	0.88	HOLD
SPY	Misc. Financial Services	SHORT	135.36	1.04	HOLD
STMP	Retail (Catalog and Mail Order)	LONG	13.98	3.33	HOLD
SWM	Paper and Paper Products	LONG	58.49	1.69	HOLD
TICC	Misc. Financial Services	LONG	9.90	1.69	HOLD
TSEM	Semiconductors	LONG	1.19	3.48	HOLD
ZEUS	Misc. Fabricated Products	LONG	27.50	1.66	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.77
SHORTS				1.04
TOTAL				0.74
S&P 500				1.05
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	2.24	1.08	-4.62	2.08
S&P 500	2.52	2.25	-7.20	1.12

07-Jul-2011 Daily positions

Pre Opening Longs: CASC, CBR, CVI, DDE, DIOD, HRB, HURC, IIIN, JJSF, LYTS,
LZB, MASC, MMS, RCKY, RSYS, SOL, SPA, STMP, SWM, TICC, TSEM, ZEUS
Pre Opening Shorts: SPY

06-Jul-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AVAV	Aerospace and Defense	LONG	35.22	0.80	SELL
CASC	Auto and Truck Parts	LONG	50.58	2.39	HOLD
CBR	Software and Programming	LONG	5.77	2.49	HOLD
CVI	Oil and Gas Operations	LONG	25.45	0.12	HOLD
DDE	Casinos and Gaming	LONG	3.20	-0.31	HOLD
DIOD	Semiconductors	LONG	26.54	0.04	HOLD
HRB	Personal Services	LONG	16.25	1.12	HOLD
HURC	Scientific and Technical Instr.	LONG	34.25	2.06	HOLD
IIIN	Constr. - Supplies and Fixtures	LONG	12.38	-1.59	HOLD
JJSF	Food Processing	LONG	51.33	0.98	HOLD
LYTS	Furniture and Fixtures	LONG	7.98	-3.27	HOLD
LZB	Furniture and Fixtures	LONG	10.18	0.30	HOLD
MASC	Misc. Fabricated Products	LONG	7.33	-0.14	HOLD
MMS	Business Services	LONG	41.95	0.67	HOLD
RCKY	Footwear	LONG	12.32	-2.61	HOLD
RSYS	Computer Hardware	LONG	7.46	-0.53	HOLD
SOL	Semiconductors	LONG	5.05	-3.26	HOLD
SPA		LONG	10.17	-1.07	HOLD
SPY	Misc. Financial Services	SHORT	133.97	0.12	HOLD
STMP	Retail (Catalog and Mail Order)	LONG	13.53	-0.73	HOLD
SWM	Paper and Paper Products	LONG	57.52	1.14	BUY
TICC	Misc. Financial Services	LONG	9.73	0.78	HOLD
TSEM	Semiconductors	LONG	1.15	-0.86	HOLD
ZEUS	Misc. Fabricated Products	LONG	27.05	-2.06	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.21
SHORTS				0.12
TOTAL				-0.33
S&P 500				0.10
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	1.49	1.02	-4.62	1.45
S&P 500	1.45	2.14	-7.20	0.68

06-Jul-2011 Daily positions

Pre Opening Longs: AVAV, CASC, CBR, CVI, DDE, DIOD, HRB, HURC, IIIN, JJSF,
LYTS, LZB, MASC, MMS, RCKY, RSYS, SOL, SPA, STMP, TICC, TSEM, ZEUS
Pre Opening Shorts: SPY

05-Jul-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AVAV	Aerospace and Defense	LONG	34.94	-1.63	HOLD
CASC	Auto and Truck Parts	LONG	49.40	0.82	HOLD
CBR	Software and Programming	LONG	5.63	0.54	HOLD
CVI	Oil and Gas Operations	LONG	25.42	1.36	HOLD
DDE	Casinos and Gaming	LONG	3.21	-1.23	HOLD
DIOD	Semiconductors	LONG	26.53	-0.38	HOLD
HRB	Personal Services	LONG	16.07	-1.47	HOLD
HURC	Scientific and Technical Instr.	LONG	33.56	-2.56	HOLD
IIIN	Constr. - Supplies and Fixtures	LONG	12.58	0.48	HOLD
JJSF	Food Processing	LONG	50.83	0.12	HOLD
LYTS	Furniture and Fixtures	LONG	8.25	0.73	HOLD
LZB	Furniture and Fixtures	LONG	10.15	0.50	HOLD
MASC	Misc. Fabricated Products	LONG	7.34	1.52	HOLD
MMS	Business Services	LONG	41.67	-0.02	HOLD
RCKY	Footwear	LONG	12.65	1.28	HOLD
RSYS	Computer Hardware	LONG	7.50	0.67	HOLD
SOL	Semiconductors	LONG	5.22	-0.38	HOLD
SPA		LONG	10.28	1.88	HOLD
SPY	Misc. Financial Services	SHORT	133.81	-0.08	HOLD
STMP	Retail (Catalog and Mail Order)	LONG	13.63	1.26	HOLD
TICC	Misc. Financial Services	LONG	9.66	-0.62	HOLD
TSEM	Semiconductors	LONG	1.16	-2.52	HOLD
ZEUS	Misc. Fabricated Products	LONG	27.62	-0.14	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.01
SHORTS				-0.08
TOTAL				0.09
S&P 500				-0.13
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	1.83	1.05	-4.62	1.75
S&P 500	1.35	2.14	-7.20	0.63

05-Jul-2011 Daily positions

Pre Opening Longs: AVAV, CASC, CBR, CVI, DDE, DIOD, HRB, HURC, IIIN, JJSF,
LYTS, LZB, MASC, MMS, RCKY, RSYS, SOL, SPA, STMP, TICC, TSEM, ZEUS
Pre Opening Shorts: SPY