21-Oct-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AM	Printing and Publishing	LONG	17.02	0.29	HOLD
BKR	Construction Services	LONG	19.40	1.84	HOLD
CPE	Oil and Gas Operations	LONG	4.55	3.88	HOLD
CRTX	Biotechnology and Drugs	LONG	6.72	0.30	HOLD
CRY	Medical Equipment and Supplies	LONG	4.65	0.00	HOLD
EXAR	Semiconductors	LONG	5.96	2.76	HOLD
HOFT	Furniture and Fixtures	LONG	10.38	2.67	HOLD
HURC	Scientific and Technical Instr.	LONG	23.50	3.75	HOLD
JST	Electronic Instr. and Controls	LONG	8.40	1.08	HOLD
LCUT	Personal and Household Prods.	LONG	11.04	3.47	HOLD
MASC	Misc. Fabricated Products	LONG	7.97	-0.75	HOLD
MOV	Jewelry and Silverware	LONG	15.20	1.33	HOLD
MSB	Misc. Financial Services	LONG	27.55	0.55	HOLD
PERY	Apparel/Accessories	LONG	22.10	2.79	HOLD
RCKY	Footwear	LONG	11.70	2.63	SELL
SFE	Business Services	LONG	16.39	1.86	HOLD
SIGA	Biotechnology and Drugs	LONG	3.05	-1.93	HOLD
SPA	Semiconductors	LONG	8.18	1.91	BUY
SPY	Misc. Financial Services	SHORT	123.97	1.90	HOLD
STRT	Auto and Truck Parts	LONG	23.18	2.02	HOLD
TSEM	Semiconductors	LONG	0.71	4.80	HOLD
UFI	Textiles - Non Apparel	LONG	8.89	1.25	HOLD
XRTX	Computer Storage Devices	LONG	13.16	-0.23	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.64
SHORTS				1.90
TOTAL				-0.26
S&P 500				1.90
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-7.95	3.16	-17.53	-3.88	-0.70
S&P 500	-5.00	4.28	-18.61	-1.82	-0.42

21-Oct-2011 Daily positions

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

20-Oct-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AM	Printing and Publishing	LONG	16.97	1.43	HOLD
BKR	Construction Services	LONG	19.05	0.21	HOLD
CPE	Oil and Gas Operations	LONG	4.38	-2.01	HOLD
CRTX	Biotechnology and Drugs	LONG	6.70	1.52	HOLD
CRY	Medical Equipment and Supplies	LONG	4.65	2.65	HOLD
EXAR	Semiconductors	LONG	5.80	-3.49	HOLD
HOFT	Furniture and Fixtures	LONG	10.11	-3.35	HOLD
HURC	Scientific and Technical Instr.	LONG	22.65	-0.70	HOLD
JST	Electronic Instr. and Controls	LONG	8.31	-0.84	HOLD
LCUT	Personal and Household Prods.	LONG	10.67	0.28	HOLD
MASC	Misc. Fabricated Products	LONG	8.03	1.39	HOLD
MOV	Jewelry and Silverware	LONG	15.00	-2.09	HOLD
MSB	Misc. Financial Services	LONG	27.40	0.33	HOLD
PERY	Apparel/Accessories	LONG	21.50	-0.51	HOLD
RCKY	Footwear	LONG	11.40	-2.31	HOLD
SFE	Business Services	LONG	16.09	-0.68	HOLD
SIGA	Biotechnology and Drugs	LONG	3.11	-0.96	HOLD
SPY	Misc. Financial Services	SHORT	121.66	0.44	HOLD
STRT	Auto and Truck Parts	LONG	22.72	-0.13	HOLD
TSEM	Semiconductors	LONG	0.68	-0.37	HOLD
UFI	Textiles - Non Apparel	LONG	8.78	-0.34	HOLD
XRTX	Computer Storage Devices	LONG	13.19	3.37	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.31
SHORTS				0.44
TOTAL				-0.75
S&P 500				0.44
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-7.71	3.17	-17.53	-3.79	-0.68
S&P 500	-6.77	4.02	-18.61	-2.62	-0.57

20-Oct-2011 Daily positions

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

19-Oct-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AM	Printing and Publishing	LONG	16.73	-2.56	HOLD
BKR	Construction Services	LONG	19.01	-0.21	HOLD
CPE	Oil and Gas Operations	LONG	4.47	-2.61	HOLD
CRTX	Biotechnology and Drugs	LONG	6.60	-2.37	HOLD
CRY	Medical Equipment and Supplies	LONG	4.53	-4.03	HOLD
EXAR	Semiconductors	LONG	6.01	-3.99	HOLD
HOFT	Furniture and Fixtures	LONG	10.46	0.48	HOLD
HURC	Scientific and Technical Instr.	LONG	22.81	-4.44	HOLD
JST	Electronic Instr. and Controls	LONG	8.38	0.60	HOLD
LCUT	Personal and Household Prods.	LONG	10.64	-1.75	HOLD
MASC	Misc. Fabricated Products	LONG	7.92	1.54	HOLD
MOV	Jewelry and Silverware	LONG	15.32	-4.25	HOLD
MSB	Misc. Financial Services	LONG	27.31	7.86	HOLD
PERY	Apparel/Accessories	LONG	21.61	0.28	HOLD
RCKY	Footwear	LONG	11.67	1.39	HOLD
SFE	Business Services	LONG	16.20	-1.82	HOLD
SIGA	Biotechnology and Drugs	LONG	3.14	-2.48	HOLD
SPY	Misc. Financial Services	SHORT	121.13	-1.18	HOLD
STRT	Auto and Truck Parts	LONG	22.75	0.00	HOLD
TSEM	Semiconductors	LONG	0.68	-1.05	HOLD
UFI	Textiles - Non Apparel	LONG	8.81	-1.01	HOLD
XRTX	Computer Storage Devices	LONG	12.76	0.79	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.94
SHORTS				-1.18
TOTAL				0.25
S&P 500				-1.18
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-7.01	3.18	-17.53	-3.46	-0.63
S&P 500	-7.17	3.98	-18.61	-2.83	-0.60

19-Oct-2011 Daily positions

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

18-Oct-2011 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AM	Printing and Publishing	LONG	17.17	0.41	HOLD
BKR	Construction Services	LONG	19.05	1.33	HOLD
CPE	Oil and Gas Operations	LONG	4.59	0.66	HOLD
CRTX	Biotechnology and Drugs	LONG	6.76	2.27	HOLD
CRY	Medical Equipment and Supplies	LONG	4.72	2.39	HOLD
EXAR	Semiconductors	LONG	6.26	4.86	HOLD
HOFT	Furniture and Fixtures	LONG	10.41	-0.19	HOLD
HURC	Scientific and Technical Instr.	LONG	23.87	0.76	HOLD
JST	Electronic Instr. and Controls	LONG	8.33	3.09	HOLD
LCUT	Personal and Household Prods.	LONG	10.83	4.34	HOLD
MASC	Misc. Fabricated Products	LONG	7.80	-2.13	HOLD
MOV	Jewelry and Silverware	LONG	16.00	2.50	HOLD
MSB	Misc. Financial Services	LONG	25.32	3.98	HOLD
PERY	Apparel/Accessories	LONG	21.55	0.70	HOLD
RCKY	Footwear	LONG	11.51	-0.26	HOLD
SFE	Business Services	LONG	16.50	5.03	HOLD
SIGA	Biotechnology and Drugs	LONG	3.22	0.31	HOLD
SPY	Misc. Financial Services	SHORT	122.58	1.95	HOLD
STRT	Auto and Truck Parts	LONG	22.75	-4.97	HOLD
TSEM	Semiconductors	LONG	0.69	2.57	HOLD
UFI	Textiles - Non Apparel	LONG	8.90	5.70	HOLD
XRTX	Computer Storage Devices	LONG	12.66	5.06	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				1.83
SHORTS				1.95
TOTAL				-0.13
S&P 500				1.95
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-7.24	3.18	-17.53	-3.59	-0.65
S&P 500	-6.06	4.14	-18.61	-2.32	-0.52

17-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