14-Feb-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABH	Paper and Paper Products	LONG	15.13	-1.43	HOLD
ACAS	Investment Services	LONG	8.95	1.47	HOLD
ACHN	Major Drugs	SHORT	9.35	-3.21	HOLD
ARIA	Biotechnology and Drugs	SHORT	15.06	-1.25	HOLD
BBW	Retail (Specialty)	LONG	8.42	-3.00	HOLD
CECO	Schools	LONG	11.05	-2.47	HOLD
CET	Misc. Financial Services	LONG	21.83	-0.67	HOLD
DNDN	Biotechnology and Drugs	SHORT	13.99	-3.25	HOLD
DSX	Water Transportation	LONG	9.87	3.68	HOLD
DUSA	Biotechnology and Drugs	LONG	4.82	1.69	HOLD
HNR	Oil and Gas Operations	LONG	6.69	-0.89	HOLD
HOFT	Furniture and Fixtures	LONG	13.51	-0.73	HOLD
IGE	Misc. Financial Services	LONG	40.94	-0.05	HOLD
ITT	Misc. Capital Goods	LONG	22.42	-0.13	HOLD
IXN	Misc. Financial Services	SHORT	65.44	0.15	HOLD
JST	Electronic Instr. and Controls	LONG	8.97	0.00	HOLD
MIND	Oil Well Services and Equipment	LONG	23.26	-1.82	HOLD
PCYC	Biotechnology and Drugs	SHORT	25.23	-0.86	HOLD
REGN	Biotechnology and Drugs	SHORT	110.10	-3.97	HOLD
RIMM	Communications Equipment	LONG	14.57	-2.21	HOLD
RTEC	Semiconductors	LONG	11.01	0.18	HOLD
SENEA	Food Processing	LONG	25.88	2.25	HOLD
SPY	Misc. Financial Services	SHORT	135.19	-0.13	HOLD
VRTX	Biotechnology and Drugs	SHORT	36.13	-0.06	HOLD
VWO	Misc. Financial Services	SHORT	43.61	-0.73	HOLD
XRTX	Computer Storage Devices	LONG	16.77	-0.95	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.30
SHORTS				-1.48
TOTAL				1.18
S&P 500				-0.13
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-5.96	3.33	-17.53	-1.89	-0.36
S&P 500	4.26	5.20	-18.61	0.87	0.24