11-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	14.00	9.38	HOLD
AXTI	Semiconductors	LONG	8.34	4.25	HOLD
BGFV	Retail (Specialty)	LONG	7.07	0.28	HOLD
CRY	Medical Equipment and Supplies	LONG	5.17	4.23	HOLD
DIOD	Semiconductors	LONG	19.90	1.74	HOLD
GIL	Apparel/Accessories	LONG	26.98	4.65	SELL
HURC	Scientific and Technical Instr.	LONG	24.80	0.65	HOLD
JST	Electronic Instr. and Controls	LONG	9.51	-5.37	BUY
KTEC	Misc. Capital Goods	LONG	15.15	-1.62	HOLD
LDL	Misc. Capital Goods	LONG	10.80	16.25	HOLD
MASC	Misc. Fabricated Products	LONG	6.88	4.08	HOLD
PACR	Misc. Transportation	LONG	4.44	6.47	HOLD
RCKY	Footwear	LONG	11.33	2.53	HOLD
RIMG	Computer Peripherals	LONG	13.63	5.99	HOLD
RSYS	Computer Hardware	LONG	7.76	1.84	HOLD
SFE	Business Services	LONG	14.56	9.06	HOLD
SGK	Printing Services	LONG	11.20	3.42	HOLD
SOL	Semiconductors	LONG	4.00	23.84	HOLD
SPY	Misc. Financial Services	SHORT	117.33	4.49	HOLD
SWIR	Communications Equipment	LONG	7.32	-2.01	HOLD
SYX	Retail (Catalog and Mail Order)	LONG	13.68	5.56	HOLD
TESS	Communications Equipment	LONG	14.83	-0.40	HOLD
TICC	Misc. Financial Services	LONG	9.12	10.55	SELL
TSEM	Semiconductors	LONG	0.82	2.50	HOLD
UFI	Textiles - Non Apparel	LONG	10.89	2.45	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				5.03
SHORTS				4.49
TOTAL				0.54
S&P 500				4.49
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	0.17	1.53	-6.76	0.26	0.06
S&P 500	-10.55	3.73	-17.31	-6.10	-1.31

10-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	12.80	-6.36	HOLD
AXTI	Semiconductors	LONG	8.00	-1.48	HOLD
BGFV	Retail (Specialty)	LONG	7.05	-6.99	HOLD
CRY	Medical Equipment and Supplies	LONG	4.96	-8.82	HOLD
DIOD	Semiconductors	LONG	19.56	-1.11	HOLD
GIL	Apparel/Accessories	LONG	25.78	-2.35	HOLD
HURC	Scientific and Technical Instr.	LONG	24.64	-7.02	HOLD
KTEC	Misc. Capital Goods	LONG	15.40	-3.27	HOLD
LDL	Misc. Capital Goods	LONG	9.29	-12.28	HOLD
MASC	Misc. Fabricated Products	LONG	6.61	-1.78	HOLD
PACR	Misc. Transportation	LONG	4.17	-10.13	HOLD
RCKY	Footwear	LONG	11.03	0.27	HOLD
RIMG	Computer Peripherals	LONG	12.86	-6.88	HOLD
RSYS	Computer Hardware	LONG	7.62	-4.15	HOLD
SFE	Business Services	LONG	13.35	-9.37	HOLD
SGK	Printing Services	LONG	10.83	-10.94	HOLD
SOL	Semiconductors	LONG	3.23	2.54	HOLD
SPY	Misc. Financial Services	SHORT	112.29	-4.42	HOLD
SWIR	Communications Equipment	LONG	7.47	-2.61	HOLD
SYX	Retail (Catalog and Mail Order)	LONG	12.96	-8.92	HOLD
TESS	Communications Equipment	LONG	14.89	0.95	HOLD
TICC	Misc. Financial Services	LONG	8.25	-6.78	HOLD
TSEM	Semiconductors	LONG	0.80	-8.05	HOLD
UFI	Textiles - Non Apparel	LONG	10.63	-11.34	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-5.52
SHORTS				-4.42
TOTAL				-1.10
S&P 500				-4.42
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-0.38	1.63	-6.76	-0.54	-0.13
S&P 500	-14.39	4.49	-17.31	-6.79	-1.76

10-Aug-2011 Daily positions

Pre Opening Longs: ACAT, AXTI, BGFV, CRY, DIOD, GIL, HURC, KTEC, LDL, MASC,
PACR, RCKY, RIMG, RSYS, SFE, SGK, SOL, SWIR, SYX, TESS, TICC, TSEM, UFI
Pre Opening Shorts: SPY

09-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	13.24	8.44	HOLD
AXTI	Semiconductors	LONG	8.12	13.73	HOLD
BGFV	Retail (Specialty)	LONG	7.58	8.13	HOLD
CRY	Medical Equipment and Supplies	LONG	5.44	7.30	HOLD
DIOD	Semiconductors	LONG	19.78	9.16	HOLD
GIL	Apparel/Accessories	LONG	26.40	5.85	HOLD
HURC	Scientific and Technical Instr.	LONG	26.50	7.24	HOLD
KTEC	Misc. Capital Goods	LONG	15.92	4.87	HOLD
LDL	Misc. Capital Goods	LONG	10.59	11.24	HOLD
MASC	Misc. Fabricated Products	LONG	6.73	1.66	HOLD
PACR	Misc. Transportation	LONG	4.64	5.45	HOLD
RCKY	Footwear	LONG	11.00	7.32	HOLD
RIMG	Computer Peripherals	LONG	13.81	7.22	HOLD
RSYS	Computer Hardware	LONG	7.95	8.31	HOLD
SFE	Business Services	LONG	14.73	9.52	HOLD
SGK	Printing Services	LONG	12.16	-3.80	HOLD
SOL	Semiconductors	LONG	3.15	14.13	HOLD
SPY	Misc. Financial Services	SHORT	117.48	4.65	HOLD
SWIR	Communications Equipment	LONG	7.67	0.13	HOLD
SYX	Retail (Catalog and Mail Order)	LONG	14.23	5.80	HOLD
TESS	Communications Equipment	LONG	14.75	4.68	HOLD
TICC	Misc. Financial Services	LONG	8.85	14.34	HOLD
TSEM	Semiconductors	LONG	0.87	0.00	HOLD
UFI	Textiles - Non Apparel	LONG	11.99	6.58	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				6.84
SHORTS				4.65
TOTAL				2.19
S&P 500				4.65
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	0.58	1.48	-6.76	0.93	0.20
S&P 500	-10.44	3.64	-17.31	-6.28	-1.32

09-Aug-2011 Daily positions

Pre Opening Longs: ACAT, AXTI, BGFV, CRY, DIOD, GIL, HURC, KTEC, LDL, MASC,
PACR, RCKY, RIMG, RSYS, SFE, SGK, SOL, SWIR, SYX, TESS, TICC, TSEM, UFI
Pre Opening Shorts: SPY

08-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	12.21	-10.09	BUY
AGP	Healthcare Facilities	LONG	40.10	-9.52	SELL
AXTI	Semiconductors	LONG	7.15	-9.38	HOLD
BGFV	Retail (Specialty)	LONG	7.02	-7.14	HOLD
CBR	Software and Programming	LONG	3.07	-9.17	SELL
CRY	Medical Equipment and Supplies	LONG	5.07	-3.61	BUY
CVI	Oil and Gas Operations	LONG	20.14	-12.24	SELL
DIOD	Semiconductors	LONG	18.12	-7.97	HOLD
GIL	Apparel/Accessories	LONG	24.94	-7.01	HOLD
HITK	Biotechnology and Drugs	LONG	24.61	-7.34	SELL
HURC	Scientific and Technical Instr.	LONG	24.75	-5.10	HOLD
KTEC	Misc. Capital Goods	LONG	15.07	-4.73	HOLD
LDL	Misc. Capital Goods	LONG	9.52	-6.11	BUY
MASC	Misc. Fabricated Products	LONG	6.60	-8.97	HOLD
MMS	Business Services	LONG	37.06	-4.88	SELL
PACR	Misc. Transportation	LONG	4.40	-8.14	HOLD
RCKY	Footwear	LONG	10.25	-11.87	HOLD
RIMG	Computer Peripherals	LONG	12.88	-9.36	HOLD
RSYS	Computer Hardware	LONG	7.34	-8.14	BUY
SFE	Business Services	LONG	13.45	-10.03	BUY
SGK	Printing Services	LONG	12.64	-9.84	HOLD
SOL	Semiconductors	LONG	2.76	-18.34	HOLD
SPR		LONG	15.23	-9.88	SELL
SPY	Misc. Financial Services	SHORT	112.26	-6.51	HOLD
SWIR	Communications Equipment	LONG	7.66	-16.01	BUY
SYX	Retail (Catalog and Mail Order)	LONG	13.45	-8.19	BUY
TESS	Communications Equipment	LONG	14.10	-2.29	HOLD
TICC	Misc. Financial Services	LONG	7.74	-9.58	HOLD
TSEM	Semiconductors	LONG	0.87	-11.57	HOLD
UFI	Textiles - Non Apparel	LONG	11.25	-12.04	HOLD
ZEUS	Misc. Fabricated Products	LONG	19.83	-12.18	SELL
TODAY SUMMARY				GAINS(%)
LONGS				-9.07
SHORTS				-6.51
TOTAL				-2.56
S&P 500				-6.51
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-1.60	1.89	-6.78	-2.00	-0.56
S&P 500	-14.42	4.53	-17.31	-6.84	-1.79

08-Aug-2011 Daily positions

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