26-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	14.39	3.67	HOLD
AXTI	Semiconductors	LONG	7.43	1.36	HOLD
BGFV	Retail (Specialty)	LONG	7.03	1.30	HOLD
BKR	Construction Services	LONG	20.93	1.60	HOLD
CPE	Oil and Gas Operations	LONG	5.64	4.06	HOLD
CRTX	Biotechnology and Drugs	LONG	7.85	2.61	BUY
CRY	Medical Equipment and Supplies	LONG	5.05	3.27	HOLD
HURC	Scientific and Technical Instr.	LONG	25.10	1.13	SELL
JST	Electronic Instr. and Controls	LONG	8.75	2.70	HOLD
KELYA	Business Services	LONG	14.49	2.77	HOLD
KTEC	Misc. Capital Goods	LONG	13.76	0.51	SELL
LCUT	Personal and Household Prods.	LONG	9.99	1.01	HOLD
LDL	Misc. Capital Goods	LONG	9.87	5.22	HOLD
MASC	Misc. Fabricated Products	LONG	6.97	-1.83	HOLD
PACR	Misc. Transportation	LONG	4.22	2.43	HOLD
RCKY	Footwear	LONG	11.71	-0.43	HOLD
RIMG	Computer Peripherals	LONG	14.08	2.10	HOLD
RSYS	Computer Hardware	LONG	7.58	2.85	HOLD
SFE	Business Services	LONG	14.67	0.55	HOLD
SPY	Misc. Financial Services	SHORT	117.97	1.45	HOLD
STRT	Auto and Truck Parts	LONG	23.29	1.39	HOLD
TSEM	Semiconductors	LONG	0.75	3.74	HOLD
UFI	Textiles - Non Apparel	LONG	10.86	3.82	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				2.06
SHORTS				1.45
TOTAL				0.61
S&P 500				1.45
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-2.89	2.04	-8.61	-2.93	-0.69
S&P 500	-10.06	3.73	-17.31	-5.35	-1.15

26-Aug-2011 Daily positions

Pre Opening Longs: ACAT, AXTI, BGFV, BKR, CPE, CRY, HURC, JST, KELYA, KTEC,
LCUT, LDL, MASC, PACR, RCKY, RIMG, RSYS, SFE, STRT, TSEM, UFI
Pre Opening Shorts: SPY

25-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	13.88	-7.22	HOLD
AXTI	Semiconductors	LONG	7.33	-4.31	HOLD
BGFV	Retail (Specialty)	LONG	6.94	-6.09	HOLD
BKR	Construction Services	LONG	20.60	-1.06	HOLD
CPE	Oil and Gas Operations	LONG	5.42	-3.73	HOLD
CRY	Medical Equipment and Supplies	LONG	4.89	-4.86	HOLD
HURC	Scientific and Technical Instr.	LONG	24.82	-7.56	HOLD
JST	Electronic Instr. and Controls	LONG	8.52	0.00	HOLD
KELYA	Business Services	LONG	14.10	-6.06	HOLD
KTEC	Misc. Capital Goods	LONG	13.69	-1.38	HOLD
LCUT	Personal and Household Prods.	LONG	9.89	-9.02	HOLD
LDL	Misc. Capital Goods	LONG	9.38	-4.09	HOLD
MASC	Misc. Fabricated Products	LONG	7.10	-1.11	HOLD
PACR	Misc. Transportation	LONG	4.12	-3.06	HOLD
RCKY	Footwear	LONG	11.76	1.73	HOLD
RIMG	Computer Peripherals	LONG	13.79	-1.50	HOLD
RSYS	Computer Hardware	LONG	7.37	-4.41	HOLD
SFE	Business Services	LONG	14.59	-3.06	HOLD
SPY	Misc. Financial Services	SHORT	116.28	-1.52	HOLD
STRT	Auto and Truck Parts	LONG	22.97	-1.63	HOLD
TSEM	Semiconductors	LONG	0.72	-5.64	HOLD
UFI	Textiles - Non Apparel	LONG	10.46	-7.43	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-3.88
SHORTS				-1.52
TOTAL				-2.36
S&P 500				-1.52
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-3.47	2.15	-8.61	-3.35	-0.84
S&P 500	-11.35	3.83	-17.31	-5.89	-1.30

25-Aug-2011 Daily positions

Pre Opening Longs: ACAT, AXTI, BGFV, BKR, CPE, CRY, HURC, JST, KELYA, KTEC,
LCUT, LDL, MASC, PACR, RCKY, RIMG, RSYS, SFE, STRT, TSEM, UFI
Pre Opening Shorts: SPY

24-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	14.96	6.78	HOLD
AXTI	Semiconductors	LONG	7.66	-0.39	HOLD
BGFV	Retail (Specialty)	LONG	7.39	-0.81	HOLD
BKR	Construction Services	LONG	20.82	1.22	HOLD
CPE	Oil and Gas Operations	LONG	5.63	1.26	HOLD
CRY	Medical Equipment and Supplies	LONG	5.14	0.59	HOLD
HURC	Scientific and Technical Instr.	LONG	26.85	5.58	HOLD
JST	Electronic Instr. and Controls	LONG	8.52	-2.74	HOLD
KELYA	Business Services	LONG	15.01	0.27	BUY
KTEC	Misc. Capital Goods	LONG	13.88	-0.58	HOLD
LCUT	Personal and Household Prods.	LONG	10.87	1.21	HOLD
LDL	Misc. Capital Goods	LONG	9.78	3.27	HOLD
MASC	Misc. Fabricated Products	LONG	7.18	0.42	HOLD
PACR	Misc. Transportation	LONG	4.25	3.66	HOLD
RCKY	Footwear	LONG	11.56	5.67	HOLD
RIMG	Computer Peripherals	LONG	14.00	2.34	HOLD
RSYS	Computer Hardware	LONG	7.71	0.39	HOLD
SFE	Business Services	LONG	15.05	2.10	HOLD
SGK	Printing Services	LONG	12.04	1.18	SELL
SPY	Misc. Financial Services	SHORT	118.08	1.41	HOLD
STRT	Auto and Truck Parts	LONG	23.35	2.41	BUY
SWIR	Communications Equipment	LONG	7.21	-1.37	SELL
TSEM	Semiconductors	LONG	0.76	-4.43	HOLD
UFI	Textiles - Non Apparel	LONG	11.30	2.54	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.33
SHORTS				1.41
TOTAL				-0.08
S&P 500				1.41
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-1.14	1.76	-8.58	-1.38	-0.28
S&P 500	-9.98	3.72	-17.31	-5.40	-1.16

24-Aug-2011 Daily positions

Pre Opening Longs: ACAT, AXTI, BGFV, BKR, CPE, CRY, HURC, JST, KTEC, LCUT,
LDL, MASC, PACR, RCKY, RIMG, RSYS, SFE, SGK, SWIR, TSEM, UFI
Pre Opening Shorts: SPY

23-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	14.01	7.36	HOLD
AXTI	Semiconductors	LONG	7.69	10.01	HOLD
BGFV	Retail (Specialty)	LONG	7.45	6.13	HOLD
BKR	Construction Services	LONG	20.57	2.54	HOLD
CPE	Oil and Gas Operations	LONG	5.56	6.31	HOLD
CRY	Medical Equipment and Supplies	LONG	5.11	5.80	HOLD
HURC	Scientific and Technical Instr.	LONG	25.43	12.97	HOLD
JST	Electronic Instr. and Controls	LONG	8.76	9.71	HOLD
KTEC	Misc. Capital Goods	LONG	13.96	1.43	HOLD
LCUT	Personal and Household Prods.	LONG	10.74	8.48	HOLD
LDL	Misc. Capital Goods	LONG	9.47	3.95	HOLD
MASC	Misc. Fabricated Products	LONG	7.15	0.28	HOLD
PACR	Misc. Transportation	LONG	4.10	4.06	HOLD
RCKY	Footwear	LONG	10.94	2.24	HOLD
RIMG	Computer Peripherals	LONG	13.68	3.71	HOLD
RSYS	Computer Hardware	LONG	7.68	4.77	HOLD
SFE	Business Services	LONG	14.74	6.81	HOLD
SGK	Printing Services	LONG	11.90	9.68	HOLD
SPY	Misc. Financial Services	SHORT	116.44	3.29	HOLD
SWIR	Communications Equipment	LONG	7.31	1.53	HOLD
TSEM	Semiconductors	LONG	0.80	1.71	HOLD
UFI	Textiles - Non Apparel	LONG	11.02	11.43	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				5.76
SHORTS				3.29
TOTAL				2.47
S&P 500				3.29
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-1.06	1.76	-8.58	-1.29	-0.27
S&P 500	-11.23	3.83	-17.31	-5.91	-1.31

23-Aug-2011 Daily positions

Pre Opening Longs: ACAT, AXTI, BGFV, BKR, CPE, CRY, HURC, JST, KTEC, LCUT,
LDL, MASC, PACR, RCKY, RIMG, RSYS, SFE, SGK, SWIR, TSEM, UFI
Pre Opening Shorts: SPY

22-Aug-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ACAT	Auto and Truck Manufacturers	LONG	12.98	3.51	HOLD
AXTI	Semiconductors	LONG	6.99	-1.55	HOLD
BGFV	Retail (Specialty)	LONG	7.01	10.05	HOLD
BKR	Construction Services	LONG	20.06	0.50	HOLD
CPE	Oil and Gas Operations	LONG	5.23	-2.24	HOLD
CRY	Medical Equipment and Supplies	LONG	4.83	-2.82	HOLD
HURC	Scientific and Technical Instr.	LONG	22.68	-2.37	HOLD
JST	Electronic Instr. and Controls	LONG	8.00	-14.44	HOLD
KTEC	Misc. Capital Goods	LONG	13.77	-2.31	HOLD
LCUT	Personal and Household Prods.	LONG	9.85	-1.30	HOLD
LDL	Misc. Capital Goods	LONG	9.11	0.66	HOLD
MASC	Misc. Fabricated Products	LONG	7.14	2.59	HOLD
PACR	Misc. Transportation	LONG	3.94	-1.50	HOLD
RCKY	Footwear	LONG	10.65	-3.01	HOLD
RIMG	Computer Peripherals	LONG	13.16	-0.38	HOLD
RSYS	Computer Hardware	LONG	7.28	-1.36	HOLD
SFE	Business Services	LONG	13.80	-2.40	HOLD
SGK	Printing Services	LONG	10.85	1.69	HOLD
SPY	Misc. Financial Services	SHORT	112.73	0.08	COVER
SWIR	Communications Equipment	LONG	7.21	-0.41	HOLD
TESS	Communications Equipment	LONG	12.82	-1.99	SELL
TSEM	Semiconductors	LONG	0.79	3.30	HOLD
UFI	Textiles - Non Apparel	LONG	9.89	-0.20	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.73
SHORTS				0.08
TOTAL				-0.81
S&P 500				0.08
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-3.52	2.20	-8.64	-3.40	-0.87
S&P 500	-14.06	4.20	-17.31	-6.67	-1.62

22-Aug-2011 Daily positions

Pre Opening Longs: ACAT, AXTI, BGFV, BKR, CPE, CRY, HURC, JST, KTEC, LCUT,
LDL, MASC, PACR, RCKY, RIMG, RSYS, SFE, SGK, SWIR, TESS, TSEM, UFI
Pre Opening Shorts: SPY