05-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AGP	Healthcare Facilities	LONG	44.32	-0.16	HOLD
AXTI	Semiconductors	LONG	7.89	-1.62	HOLD
BGFV	Retail (Specialty)	LONG	7.56	-0.92	BUY
CBR	Software and Programming	LONG	3.38	-10.11	HOLD
CVI	Oil and Gas Operations	LONG	22.95	-2.63	HOLD
DIOD	Semiconductors	LONG	19.69	-3.76	HOLD
GIL	Apparel/Accessories	LONG	26.82	-0.59	HOLD
HITK	Biotechnology and Drugs	LONG	26.56	-2.28	HOLD
HURC	Scientific and Technical Instr.	LONG	26.08	-4.15	HOLD
KTEC	Misc. Capital Goods	LONG	15.82	4.76	HOLD
MASC	Misc. Fabricated Products	LONG	7.25	-6.57	HOLD
MMS	Business Services	LONG	38.96	1.54	HOLD
PACR	Misc. Transportation	LONG	4.79	-0.83	HOLD
RCKY	Footwear	LONG	11.63	-3.40	HOLD
RIMG	Computer Peripherals	LONG	14.21	0.07	HOLD
ROCK	Constr. - Supplies and Fixtures	LONG	8.80	-5.98	SELL
SGK	Printing Services	LONG	14.02	-5.84	HOLD
SOL	Semiconductors	LONG	3.38	-5.85	HOLD
SPR		LONG	16.90	-7.65	HOLD
SPY	Misc. Financial Services	SHORT	120.08	-0.15	HOLD
TESS	Communications Equipment	LONG	14.43	1.26	HOLD
TICC	Misc. Financial Services	LONG	8.56	-2.62	HOLD
TSEM	Semiconductors	LONG	0.98	-2.74	HOLD
UFI	Textiles - Non Apparel	LONG	12.79	0.00	HOLD
UFS	Paper and Paper Products	LONG	69.83	-1.03	SELL
ZEUS	Misc. Fabricated Products	LONG	22.58	-1.14	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-2.56
SHORTS				-0.15
TOTAL				-2.41
S&P 500				-0.15
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	0.98	1.41	-4.62	1.68	0.51
S&P 500	-8.45	3.15	-11.55	-6.07	-1.66

05-Aug-2011 Daily positions

Pre Opening Longs: AGP, AXTI, CBR, CVI, DIOD, GIL, HITK, HURC, KTEC, MASC,
MMS, PACR, RCKY, RIMG, ROCK, SGK, SOL, SPR, TESS, TICC, TSEM, UFI, UFS,
ZEUS
Pre Opening Shorts: SPY

04-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AGP	Healthcare Facilities	LONG	44.39	-8.57	HOLD
AXTI	Semiconductors	LONG	8.02	-7.92	BUY
CBR	Software and Programming	LONG	3.76	-4.57	HOLD
CVI	Oil and Gas Operations	LONG	23.57	-8.00	HOLD
DIOD	Semiconductors	LONG	20.46	-6.19	HOLD
GIL	Apparel/Accessories	LONG	26.98	-6.71	BUY
HITK	Biotechnology and Drugs	LONG	27.18	-3.92	HOLD
HURC	Scientific and Technical Instr.	LONG	27.21	-6.27	HOLD
KTEC	Misc. Capital Goods	LONG	15.10	-4.79	HOLD
MASC	Misc. Fabricated Products	LONG	7.76	-1.65	HOLD
MMS	Business Services	LONG	38.37	0.21	HOLD
PACR	Misc. Transportation	LONG	4.83	-4.92	HOLD
RCKY	Footwear	LONG	12.04	-5.94	HOLD
RIMG	Computer Peripherals	LONG	14.20	-2.34	HOLD
ROCK	Constr. - Supplies and Fixtures	LONG	9.36	-7.87	HOLD
SGK	Printing Services	LONG	14.89	-4.73	HOLD
SOL	Semiconductors	LONG	3.59	-13.29	HOLD
SPR		LONG	18.30	-5.91	HOLD
SPY	Misc. Financial Services	SHORT	120.26	-4.68	SHORT
SWM	Paper and Paper Products	LONG	56.47	2.12	SELL
TESS	Communications Equipment	LONG	14.25	-5.19	HOLD
TICC	Misc. Financial Services	LONG	8.79	-1.24	HOLD
TSEM	Semiconductors	LONG	1.01	-4.72	HOLD
UFI	Textiles - Non Apparel	LONG	12.79	-5.47	HOLD
UFS	Paper and Paper Products	LONG	70.56	-6.00	HOLD
ZEUS	Misc. Fabricated Products	LONG	22.84	-9.47	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-5.16
SHORTS				-4.68
TOTAL				-0.48
S&P 500				-4.68
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	3.47	1.23	-4.62	7.04	1.87
S&P 500	-8.32	3.13	-11.42	-6.08	-1.66

03-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AGP	Healthcare Facilities	LONG	48.55	-1.78	HOLD
CBR	Software and Programming	LONG	3.94	-23.64	HOLD
CVI	Oil and Gas Operations	LONG	25.62	-2.10	HOLD
DIOD	Semiconductors	LONG	21.81	-2.50	HOLD
HITK	Biotechnology and Drugs	LONG	28.29	3.63	HOLD
HURC	Scientific and Technical Instr.	LONG	29.03	2.04	HOLD
KTEC	Misc. Capital Goods	LONG	15.86	-0.44	HOLD
MASC	Misc. Fabricated Products	LONG	7.89	-6.74	HOLD
MMS	Business Services	LONG	38.29	-0.55	HOLD
PACR	Misc. Transportation	LONG	5.08	1.20	HOLD
RCKY	Footwear	LONG	12.80	-0.16	HOLD
RIMG	Computer Peripherals	LONG	14.54	0.55	HOLD
ROCK	Constr. - Supplies and Fixtures	LONG	10.16	2.11	HOLD
SGK	Printing Services	LONG	15.63	0.39	HOLD
SOL	Semiconductors	LONG	4.14	-3.50	HOLD
SPR		LONG	19.45	-1.07	HOLD
SPY	Misc. Financial Services	SHORT	126.17	0.54	HOLD
SWM	Paper and Paper Products	LONG	55.30	0.44	HOLD
TESS	Communications Equipment	LONG	15.03	4.45	HOLD
TICC	Misc. Financial Services	LONG	8.90	-0.22	HOLD
TSEM	Semiconductors	LONG	1.06	1.92	HOLD
UFI	Textiles - Non Apparel	LONG	13.53	5.21	HOLD
UFS	Paper and Paper Products	LONG	75.06	0.25	HOLD
ZEUS	Misc. Fabricated Products	LONG	25.23	-1.60	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.96
SHORTS				0.54
TOTAL				-1.50
S&P 500				0.54
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	3.97	1.24	-4.62	8.08	2.17
S&P 500	-3.81	2.28	-7.56	-3.98	-1.20

03-Aug-2011 Daily positions

Pre Opening Longs: AGP, CBR, CVI, DIOD, HITK, HURC, KTEC, MASC, MMS, PACR,
RCKY, RIMG, ROCK, SGK, SOL, SPR, SWM, TESS, TICC, TSEM, UFI, UFS, ZEUS
Pre Opening Shorts: SPY

02-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AGP	Healthcare Facilities	LONG	49.43	2.85	HOLD
CBR	Software and Programming	LONG	5.16	-1.34	HOLD
CVI	Oil and Gas Operations	LONG	26.17	-4.87	HOLD
DDE	Casinos and Gaming	LONG	3.07	-0.65	SELL
DIOD	Semiconductors	LONG	22.37	-3.62	HOLD
HITK	Biotechnology and Drugs	LONG	27.30	-2.95	HOLD
HURC	Scientific and Technical Instr.	LONG	28.45	-5.01	HOLD
KTEC	Misc. Capital Goods	LONG	15.93	-0.44	HOLD
MASC	Misc. Fabricated Products	LONG	8.46	-4.73	HOLD
MMS	Business Services	LONG	38.50	-0.90	HOLD
PACR	Misc. Transportation	LONG	5.02	-5.10	BUY
RCKY	Footwear	LONG	12.82	-1.91	HOLD
RIMG	Computer Peripherals	LONG	14.46	-3.28	HOLD
ROCK	Constr. - Supplies and Fixtures	LONG	9.95	-3.12	HOLD
SGK	Printing Services	LONG	15.57	-2.14	HOLD
SOL	Semiconductors	LONG	4.29	-5.51	HOLD
SPR		LONG	19.66	-3.25	HOLD
SPY	Misc. Financial Services	SHORT	125.49	-2.55	HOLD
SWM	Paper and Paper Products	LONG	55.06	-1.66	HOLD
TESS	Communications Equipment	LONG	14.39	-4.13	HOLD
TICC	Misc. Financial Services	LONG	8.92	-1.44	HOLD
TSEM	Semiconductors	LONG	1.04	-2.80	HOLD
UFI	Textiles - Non Apparel	LONG	12.86	-0.16	HOLD
UFS	Paper and Paper Products	LONG	74.87	-4.61	HOLD
ZEUS	Misc. Fabricated Products	LONG	25.64	-1.57	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-2.49
SHORTS				-2.55
TOTAL				0.07
S&P 500				-2.55
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	5.56	1.40	-4.62	10.24	3.10
S&P 500	-4.33	2.37	-7.56	-4.38	-1.37

02-Aug-2011 Daily positions

Pre Opening Longs: AGP, CBR, CVI, DDE, DIOD, HITK, HURC, KTEC, MASC, MMS,
RCKY, RIMG, ROCK, SGK, SOL, SPR, SWM, TESS, TICC, TSEM, UFI, UFS, ZEUS
Pre Opening Shorts: SPY

01-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AGP	Healthcare Facilities	LONG	48.06	-12.62	BUY
CBR	Software and Programming	LONG	5.23	4.18	HOLD
CVI	Oil and Gas Operations	LONG	27.51	2.46	HOLD
DDE	Casinos and Gaming	LONG	3.09	-0.32	HOLD
DIOD	Semiconductors	LONG	23.21	-1.44	HOLD
HITK	Biotechnology and Drugs	LONG	28.13	-0.57	HOLD
HURC	Scientific and Technical Instr.	LONG	29.95	1.80	HOLD
JJSF	Food Processing	LONG	51.71	0.04	SELL
KTEC	Misc. Capital Goods	LONG	16.00	-1.48	BUY
LABL	Printing Services	LONG	27.32	1.43	SELL
LYTS	Furniture and Fixtures	LONG	8.65	3.97	SELL
MASC	Misc. Fabricated Products	LONG	8.88	4.47	HOLD
MMS	Business Services	LONG	38.85	0.57	HOLD
RCKY	Footwear	LONG	13.07	2.91	HOLD
RIMG	Computer Peripherals	LONG	14.95	0.88	BUY
ROCK	Constr. - Supplies and Fixtures	LONG	10.27	-0.10	HOLD
RSYS	Computer Hardware	LONG	8.02	1.01	SELL
SGK	Printing Services	LONG	15.91	0.76	HOLD
SOL	Semiconductors	LONG	4.54	0.22	HOLD
SPR		LONG	20.32	-0.83	HOLD
SPY	Misc. Financial Services	SHORT	128.78	-0.43	HOLD
SWM	Paper and Paper Products	LONG	55.99	-0.21	HOLD
TESS	Communications Equipment	LONG	15.01	2.11	HOLD
TICC	Misc. Financial Services	LONG	9.05	0.78	HOLD
TSEM	Semiconductors	LONG	1.07	1.42	HOLD
UFI	Textiles - Non Apparel	LONG	12.88	0.39	BUY
UFS	Paper and Paper Products	LONG	78.49	-1.83	HOLD
ZEUS	Misc. Fabricated Products	LONG	26.05	-0.38	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.98
SHORTS				-0.43
TOTAL				1.40
S&P 500				-0.43
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	5.49	1.38	-4.62	10.34	3.09
S&P 500	-1.82	2.04	-6.90	-2.20	-0.65

01-Aug-2011 Daily positions

Pre Opening Longs: CBR, CVI, DDE, DIOD, HITK, HURC, JJSF, LABL, LYTS, MASC,
MMS, RCKY, ROCK, RSYS, SGK, SOL, SPR, SWM, TESS, TICC, TSEM, UFS, ZEUS
Pre Opening Shorts: SPY