22-Jul-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
CASC	Auto and Truck Parts	LONG	54.27	-1.51	SELL
CBR	Software and Programming	LONG	5.25	-0.94	HOLD
CVI	Oil and Gas Operations	LONG	27.35	0.55	HOLD
DDE	Casinos and Gaming	LONG	3.31	0.88	HOLD
DIOD	Semiconductors	LONG	25.81	0.04	HOLD
FSII	Semiconductors	LONG	3.01	-1.95	BUY
HITK	Biotechnology and Drugs	LONG	30.27	-1.46	HOLD
HURC	Scientific and Technical Instr.	LONG	33.92	-3.06	HOLD
IIIN	Constr. - Supplies and Fixtures	LONG	11.67	-2.02	HOLD
JJSF	Food Processing	LONG	51.14	-1.31	HOLD
LYTS	Furniture and Fixtures	LONG	8.17	0.49	HOLD
MASC	Misc. Fabricated Products	LONG	8.35	-0.60	HOLD
MMS	Business Services	LONG	40.69	0.17	HOLD
RCKY	Footwear	LONG	12.55	-0.79	HOLD
ROCK	Constr. - Supplies and Fixtures	LONG	10.84	-3.04	HOLD
RSYS	Computer Hardware	LONG	8.05	0.37	HOLD
SOL	Semiconductors	LONG	4.88	5.17	HOLD
SPR		LONG	22.06	-1.43	HOLD
SPY	Misc. Financial Services	SHORT	134.58	0.07	HOLD
STMP	Retail (Catalog and Mail Order)	LONG	13.28	-2.06	HOLD
SWM	Paper and Paper Products	LONG	56.28	0.23	HOLD
TICC	Misc. Financial Services	LONG	9.80	-0.20	HOLD
TSEM	Semiconductors	LONG	1.12	1.82	HOLD
ZEUS	Misc. Fabricated Products	LONG	28.80	1.12	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.34
SHORTS				0.07
TOTAL				-0.41
S&P 500				0.09
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	1.75	1.12	-4.62	1.56
S&P 500	1.89	10.57	-99.86	0.18

22-Jul-2011 Daily positions

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

21-Jul-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
CASC	Auto and Truck Parts	LONG	55.10	1.68	HOLD
CBR	Software and Programming	LONG	5.30	0.19	HOLD
CVI	Oil and Gas Operations	LONG	27.20	2.33	HOLD
DDE	Casinos and Gaming	LONG	3.28	3.18	HOLD
DIOD	Semiconductors	LONG	25.80	1.94	HOLD
HITK	Biotechnology and Drugs	LONG	30.72	0.89	HOLD
HURC	Scientific and Technical Instr.	LONG	34.99	1.04	HOLD
IIIN	Constr. - Supplies and Fixtures	LONG	11.91	2.58	HOLD
JJSF	Food Processing	LONG	51.82	2.41	HOLD
LYTS	Furniture and Fixtures	LONG	8.13	1.75	HOLD
MASC	Misc. Fabricated Products	LONG	8.40	-0.71	HOLD
MMS	Business Services	LONG	40.62	-0.22	HOLD
RCKY	Footwear	LONG	12.65	-0.32	HOLD
ROCK	Constr. - Supplies and Fixtures	LONG	11.18	-0.71	HOLD
RSYS	Computer Hardware	LONG	8.02	-0.25	HOLD
SOL	Semiconductors	LONG	4.64	-2.93	HOLD
SPR		LONG	22.38	1.40	HOLD
SPY	Misc. Financial Services	SHORT	134.49	1.39	HOLD
STMP	Retail (Catalog and Mail Order)	LONG	13.56	0.63	HOLD
SWM	Paper and Paper Products	LONG	56.15	0.27	HOLD
TICC	Misc. Financial Services	LONG	9.82	1.13	HOLD
TSEM	Semiconductors	LONG	1.10	0.00	HOLD
ZEUS	Misc. Fabricated Products	LONG	28.48	2.12	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.84
SHORTS				1.39
TOTAL				-0.55
S&P 500				1.35
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	2.17	1.11	-4.62	1.95
S&P 500	1.80	10.62	-99.86	0.17

21-Jul-2011 Daily positions

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

20-Jul-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
CASC	Auto and Truck Parts	LONG	54.19	-0.26	HOLD
CBR	Software and Programming	LONG	5.29	-3.82	HOLD
CVI	Oil and Gas Operations	LONG	26.58	0.49	HOLD
DDE	Casinos and Gaming	LONG	3.18	0.32	HOLD
DIOD	Semiconductors	LONG	25.31	-1.48	HOLD
HITK	Biotechnology and Drugs	LONG	30.45	-1.07	HOLD
HURC	Scientific and Technical Instr.	LONG	34.63	0.58	HOLD
IIIN	Constr. - Supplies and Fixtures	LONG	11.61	-1.69	HOLD
JJSF	Food Processing	LONG	50.60	-0.30	HOLD
LYTS	Furniture and Fixtures	LONG	7.99	-3.27	HOLD
MASC	Misc. Fabricated Products	LONG	8.46	-1.28	HOLD
MMS	Business Services	LONG	40.71	-1.97	HOLD
RCKY	Footwear	LONG	12.69	3.17	HOLD
ROCK	Constr. - Supplies and Fixtures	LONG	11.26	2.83	HOLD
RSYS	Computer Hardware	LONG	8.04	0.00	HOLD
SOL	Semiconductors	LONG	4.78	3.91	HOLD
SPR		LONG	22.07	7.29	HOLD
SPY	Misc. Financial Services	SHORT	132.65	-0.06	HOLD
STMP	Retail (Catalog and Mail Order)	LONG	13.48	-1.21	HOLD
SWM	Paper and Paper Products	LONG	56.00	-0.46	HOLD
TICC	Misc. Financial Services	LONG	9.71	0.52	HOLD
TSEM	Semiconductors	LONG	1.10	1.38	HOLD
ZEUS	Misc. Fabricated Products	LONG	27.89	-0.57	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.14
SHORTS				-0.06
TOTAL				0.20
S&P 500				-0.07
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	2.73	1.12	-4.62	2.44
S&P 500	0.44	1.98	-7.20	0.22

20-Jul-2011 Daily positions

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

19-Jul-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
CASC	Auto and Truck Parts	LONG	54.33	3.82	HOLD
CBR	Software and Programming	LONG	5.50	3.00	HOLD
CVI	Oil and Gas Operations	LONG	26.45	3.16	HOLD
DDE	Casinos and Gaming	LONG	3.17	-1.71	HOLD
DIOD	Semiconductors	LONG	25.69	6.42	HOLD
HITK	Biotechnology and Drugs	LONG	30.78	2.12	HOLD
HURC	Scientific and Technical Instr.	LONG	34.43	6.17	HOLD
IIIN	Constr. - Supplies and Fixtures	LONG	11.81	1.11	HOLD
JJSF	Food Processing	LONG	50.75	1.26	HOLD
LYTS	Furniture and Fixtures	LONG	8.26	4.82	HOLD
MASC	Misc. Fabricated Products	LONG	8.57	0.47	HOLD
MMS	Business Services	LONG	41.53	2.80	HOLD
RCKY	Footwear	LONG	12.30	1.82	HOLD
ROCK	Constr. - Supplies and Fixtures	LONG	10.95	1.01	HOLD
RSYS	Computer Hardware	LONG	8.04	0.12	HOLD
SOL	Semiconductors	LONG	4.60	4.78	HOLD
SPR		LONG	20.57	2.85	HOLD
SPY	Misc. Financial Services	SHORT	132.73	1.62	HOLD
STMP	Retail (Catalog and Mail Order)	LONG	13.64	2.40	HOLD
SWM	Paper and Paper Products	LONG	56.26	0.73	HOLD
TICC	Misc. Financial Services	LONG	9.66	2.66	HOLD
TSEM	Semiconductors	LONG	1.09	0.46	HOLD
ZEUS	Misc. Fabricated Products	LONG	28.05	2.90	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				2.42
SHORTS				1.62
TOTAL				0.79
S&P 500				1.63
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	2.53	1.11	-4.62	2.27
S&P 500	0.51	1.99	-7.20	0.26

18-Jul-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
CASC	Auto and Truck Parts	LONG	52.33	-2.00	HOLD
CBR	Software and Programming	LONG	5.34	-5.65	HOLD
CVI	Oil and Gas Operations	LONG	25.64	-2.29	HOLD
DDE	Casinos and Gaming	LONG	3.23	1.74	HOLD
DIOD	Semiconductors	LONG	24.14	-1.55	HOLD
HITK	Biotechnology and Drugs	LONG	30.14	0.17	HOLD
HURC	Scientific and Technical Instr.	LONG	32.46	-1.04	HOLD
IIIN	Constr. - Supplies and Fixtures	LONG	11.70	-1.27	HOLD
JJSF	Food Processing	LONG	50.12	-1.63	HOLD
LYTS	Furniture and Fixtures	LONG	7.88	-2.23	HOLD
MASC	Misc. Fabricated Products	LONG	8.53	1.79	HOLD
MMS	Business Services	LONG	40.40	-1.25	HOLD
RCKY	Footwear	LONG	12.08	-0.66	HOLD
ROCK	Constr. - Supplies and Fixtures	LONG	10.84	-2.08	HOLD
RSYS	Computer Hardware	LONG	8.03	0.88	HOLD
SOL	Semiconductors	LONG	4.39	-2.23	HOLD
SPR		LONG	20.00	-1.33	HOLD
SPY	Misc. Financial Services	SHORT	130.61	-0.82	HOLD
STMP	Retail (Catalog and Mail Order)	LONG	13.32	-3.06	HOLD
SWM	Paper and Paper Products	LONG	55.85	-2.02	HOLD
TICC	Misc. Financial Services	LONG	9.41	-2.89	HOLD
TSEM	Semiconductors	LONG	1.08	0.00	HOLD
ZEUS	Misc. Fabricated Products	LONG	27.26	-0.04	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.30
SHORTS				-0.82
TOTAL				-0.48
S&P 500				-0.81
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO
Portfolio	1.73	1.11	-4.62	1.57
S&P 500	-1.10	1.99	-7.20	-0.56

18-Jul-2011 Daily positions

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