10-Feb-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABH	Paper and Paper Products	LONG	15.17	0.00	HOLD
ACAS	Investment Services	LONG	8.63	1.05	HOLD
ACHN	Major Drugs	SHORT	9.77	3.17	HOLD
ARIA	Biotechnology and Drugs	SHORT	14.65	-2.04	HOLD
BBW	Retail (Specialty)	LONG	8.56	-1.50	HOLD
CECO	Schools	LONG	11.03	-3.25	HOLD
CET	Misc. Financial Services	LONG	21.93	-0.77	HOLD
DNDN	Biotechnology and Drugs	SHORT	14.05	-4.94	HOLD
DSX	Water Transportation	LONG	8.91	-3.88	HOLD
DUSA	Biotechnology and Drugs	LONG	4.69	-3.10	HOLD
HNR	Oil and Gas Operations	LONG	6.45	-6.79	HOLD
HOFT	Furniture and Fixtures	LONG	13.31	1.29	HOLD
IGE	Misc. Financial Services	LONG	40.73	-1.27	HOLD
ITT	Misc. Capital Goods	LONG	22.60	-0.48	HOLD
IXN	Misc. Financial Services	SHORT	64.85	-1.02	HOLD
JST	Electronic Instr. and Controls	LONG	8.94	-1.11	HOLD
MIND	Oil Well Services and Equipment	LONG	22.88	-1.34	HOLD
PCYC	Biotechnology and Drugs	SHORT	23.23	17.34	HOLD
REGN	Biotechnology and Drugs	SHORT	102.08	-1.47	HOLD
RIMM	Communications Equipment	LONG	15.44	-2.89	HOLD
RTEC	Semiconductors	LONG	10.85	-0.46	HOLD
SENEA	Food Processing	LONG	25.26	-4.75	HOLD
SPY	Misc. Financial Services	SHORT	134.36	-0.74	HOLD
VRTX	Biotechnology and Drugs	SHORT	36.13	-2.46	HOLD
VWO	Misc. Financial Services	SHORT	43.28	-2.10	HOLD
XRTX	Computer Storage Devices	LONG	16.88	-0.53	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.75
SHORTS				0.64
TOTAL				-2.39
S&P 500				-0.74
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-5.42	3.41	-17.53	-1.69	-0.33
S&P 500	3.62	5.12	-18.61	0.76	0.21