14-Oct-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AM	Printing and Publishing	LONG	17.51	1.92	HOLD
BKR	Construction Services	LONG	19.30	1.42	HOLD
CPE	Oil and Gas Operations	LONG	4.18	5.29	HOLD
CRTX	Biotechnology and Drugs	LONG	7.00	0.00	HOLD
CRY	Medical Equipment and Supplies	LONG	4.74	4.87	HOLD
HOFT	Furniture and Fixtures	LONG	10.54	2.93	HOLD
HURC	Scientific and Technical Instr.	LONG	26.18	9.95	HOLD
JST	Electronic Instr. and Controls	LONG	8.37	2.20	HOLD
KELYA	Business Services	LONG	15.27	6.56	HOLD
LCUT	Personal and Household Prods.	LONG	10.94	3.89	HOLD
MASC	Misc. Fabricated Products	LONG	7.75	0.39	HOLD
MOV	Jewelry and Silverware	LONG	15.89	2.12	HOLD
MSB	Misc. Financial Services	LONG	23.79	0.89	HOLD
PERY	Apparel/Accessories	LONG	22.24	2.07	HOLD
RCKY	Footwear	LONG	11.71	4.09	HOLD
SFE	Business Services	LONG	16.10	0.94	HOLD
SIGA	Biotechnology and Drugs	LONG	3.49	4.80	HOLD
SPY	Misc. Financial Services	SHORT	122.57	1.71	SHORT
STRT	Auto and Truck Parts	LONG	23.94	0.00	HOLD
TSEM	Semiconductors	LONG	0.68	1.90	HOLD
UFI	Textiles - Non Apparel	LONG	8.99	7.41	HOLD
XRTX	Computer Storage Devices	LONG	12.49	3.22	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				3.18
SHORTS				1.71
TOTAL				1.47
S&P 500				1.71
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-6.58	3.20	-17.53	-3.29	-0.60
S&P 500	-6.07	4.15	-18.61	-2.34	-0.52

13-Oct-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AM	Printing and Publishing	LONG	17.18	-1.15	HOLD
BKR	Construction Services	LONG	19.03	-0.68	HOLD
CPE	Oil and Gas Operations	LONG	3.97	6.15	HOLD
CRTX	Biotechnology and Drugs	LONG	7.00	0.29	HOLD
CRY	Medical Equipment and Supplies	LONG	4.52	-1.53	HOLD
HOFT	Furniture and Fixtures	LONG	10.24	-0.58	HOLD
HURC	Scientific and Technical Instr.	LONG	23.81	-4.61	HOLD
JST	Electronic Instr. and Controls	LONG	8.19	1.87	HOLD
KELYA	Business Services	LONG	14.33	-0.83	HOLD
LCUT	Personal and Household Prods.	LONG	10.53	-1.03	HOLD
MASC	Misc. Fabricated Products	LONG	7.72	9.97	HOLD
MOV	Jewelry and Silverware	LONG	15.56	-0.06	HOLD
MSB	Misc. Financial Services	LONG	23.58	1.46	HOLD
PERY	Apparel/Accessories	LONG	21.79	-2.64	HOLD
RCKY	Footwear	LONG	11.25	3.78	HOLD
SFE	Business Services	LONG	15.95	-0.37	HOLD
SIGA	Biotechnology and Drugs	LONG	3.33	-0.60	HOLD
SPY	Misc. Financial Services	SHORT	120.51	-0.20	HOLD
STRT	Auto and Truck Parts	LONG	23.94	-0.25	HOLD
TSEM	Semiconductors	LONG	0.67	0.31	HOLD
UFI	Textiles - Non Apparel	LONG	8.37	-0.95	HOLD
XRTX	Computer Storage Devices	LONG	12.10	1.42	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.48
SHORTS				-0.20
TOTAL				0.67
S&P 500				-0.20
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-7.94	3.21	-17.53	-3.97	-0.73
S&P 500	-7.65	3.94	-18.61	-3.11	-0.66

12-Oct-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AM	Printing and Publishing	LONG	17.38	0.75	HOLD
BKR	Construction Services	LONG	19.16	0.68	HOLD
CPE	Oil and Gas Operations	LONG	3.74	2.47	HOLD
CRTX	Biotechnology and Drugs	LONG	6.98	5.12	HOLD
CRY	Medical Equipment and Supplies	LONG	4.59	3.15	HOLD
HOFT	Furniture and Fixtures	LONG	10.30	0.78	HOLD
HURC	Scientific and Technical Instr.	LONG	24.96	0.62	HOLD
JST	Electronic Instr. and Controls	LONG	8.04	-0.62	HOLD
KELYA	Business Services	LONG	14.45	4.33	HOLD
LCUT	Personal and Household Prods.	LONG	10.64	8.57	HOLD
MASC	Misc. Fabricated Products	LONG	7.02	0.00	HOLD
MOV	Jewelry and Silverware	LONG	15.57	1.24	HOLD
MSB	Misc. Financial Services	LONG	23.24	1.71	HOLD
PERY	Apparel/Accessories	LONG	22.38	5.02	HOLD
RCKY	Footwear	LONG	10.84	0.74	HOLD
SFE	Business Services	LONG	16.01	1.78	HOLD
SIGA	Biotechnology and Drugs	LONG	3.35	2.45	HOLD
SPY	Misc. Financial Services	SHORT	120.75	0.88	HOLD
STRT	Auto and Truck Parts	LONG	24.00	0.42	HOLD
TSEM	Semiconductors	LONG	0.67	4.04	HOLD
UFI	Textiles - Non Apparel	LONG	8.45	0.48	HOLD
XRTX	Computer Storage Devices	LONG	11.93	3.56	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				2.25
SHORTS				0.88
TOTAL				1.37
S&P 500				0.88
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-8.56	3.23	-17.53	-4.26	-0.79
S&P 500	-7.46	3.97	-18.61	-3.03	-0.65

12-Oct-2011 Daily positions

Pre Opening Longs: AM, BKR, CPE, CRTX, CRY, HOFT, HURC, JST, KELYA, LCUT,
MASC, MOV, MSB, PERY, RCKY, SFE, SIGA, STRT, TSEM, UFI, XRTX
Pre Opening Shorts: SPY

11-Oct-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AM	Printing and Publishing	LONG	17.25	-0.29	HOLD
BKR	Construction Services	LONG	19.03	-2.06	HOLD
CPE	Oil and Gas Operations	LONG	3.65	-1.08	HOLD
CRTX	Biotechnology and Drugs	LONG	6.64	0.91	HOLD
CRY	Medical Equipment and Supplies	LONG	4.45	-0.89	HOLD
HOFT	Furniture and Fixtures	LONG	10.22	-0.68	HOLD
HURC	Scientific and Technical Instr.	LONG	24.81	3.44	HOLD
JST	Electronic Instr. and Controls	LONG	8.09	1.25	HOLD
KELYA	Business Services	LONG	13.85	0.51	HOLD
LCUT	Personal and Household Prods.	LONG	9.80	3.70	HOLD
MASC	Misc. Fabricated Products	LONG	7.02	-0.14	HOLD
MOV	Jewelry and Silverware	LONG	15.38	1.65	HOLD
MSB	Misc. Financial Services	LONG	22.85	1.33	HOLD
PERY	Apparel/Accessories	LONG	21.31	-0.51	HOLD
RCKY	Footwear	LONG	10.76	4.57	HOLD
SFE	Business Services	LONG	15.73	1.29	HOLD
SIGA	Biotechnology and Drugs	LONG	3.27	1.87	HOLD
SPY	Misc. Financial Services	SHORT	119.70	0.10	HOLD
STRT	Auto and Truck Parts	LONG	23.90	2.58	HOLD
TSEM	Semiconductors	LONG	0.64	-3.45	HOLD
UFI	Textiles - Non Apparel	LONG	8.41	0.12	HOLD
XRTX	Computer Storage Devices	LONG	11.52	-0.17	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.66
SHORTS				0.10
TOTAL				0.56
S&P 500				0.10
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-9.80	3.31	-17.53	-4.78	-0.90
S&P 500	-8.27	3.88	-18.61	-3.45	-0.72

11-Oct-2011 Daily positions

Pre Opening Longs: AM, BKR, CPE, CRTX, CRY, HOFT, HURC, JST, KELYA, LCUT,
MASC, MOV, MSB, PERY, RCKY, SFE, SIGA, STRT, TSEM, UFI, XRTX
Pre Opening Shorts: SPY

10-Oct-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AM	Printing and Publishing	LONG	17.30	5.04	HOLD
BKR	Construction Services	LONG	19.43	3.19	HOLD
CPE	Oil and Gas Operations	LONG	3.69	6.96	HOLD
CRTX	Biotechnology and Drugs	LONG	6.58	3.62	HOLD
CRY	Medical Equipment and Supplies	LONG	4.49	5.40	HOLD
HOFT	Furniture and Fixtures	LONG	10.29	2.59	HOLD
HURC	Scientific and Technical Instr.	LONG	23.98	10.15	HOLD
JST	Electronic Instr. and Controls	LONG	7.99	1.27	HOLD
KELYA	Business Services	LONG	13.78	7.24	HOLD
LCUT	Personal and Household Prods.	LONG	9.45	1.07	HOLD
MASC	Misc. Fabricated Products	LONG	7.03	3.38	HOLD
MOV	Jewelry and Silverware	LONG	15.13	6.77	HOLD
MSB	Misc. Financial Services	LONG	22.55	7.36	HOLD
PERY	Apparel/Accessories	LONG	21.42	2.68	HOLD
RCKY	Footwear	LONG	10.29	2.39	HOLD
SFE	Business Services	LONG	15.53	6.52	HOLD
SIGA	Biotechnology and Drugs	LONG	3.21	3.55	HOLD
SPY	Misc. Financial Services	SHORT	119.58	3.34	COVER
STRT	Auto and Truck Parts	LONG	23.30	-0.60	HOLD
TSEM	Semiconductors	LONG	0.67	5.87	HOLD
UFI	Textiles - Non Apparel	LONG	8.40	2.31	HOLD
XRTX	Computer Storage Devices	LONG	11.54	3.87	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				4.32
SHORTS				3.34
TOTAL				0.97
S&P 500				3.34
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-10.30	3.35	-17.53	-4.97	-0.95
S&P 500	-8.36	3.88	-18.61	-3.51	-0.73

10-Oct-2011 Daily positions

Pre Opening Longs: AM, BKR, CPE, CRTX, CRY, HOFT, HURC, JST, KELYA, LCUT,
MASC, MOV, MSB, PERY, RCKY, SFE, SIGA, STRT, TSEM, UFI, XRTX
Pre Opening Shorts: SPY