16-Apr-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABH	Paper and Paper Products	LONG	13.38	-0.37	HOLD
ACAS	Investment Services	LONG	8.60	1.53	HOLD
ACHN	Major Drugs	SHORT	8.77	-2.77	HOLD
AM	Printing and Publishing	LONG	14.81	0.61	HOLD
ARIA	Biotechnology and Drugs	SHORT	14.66	-0.68	HOLD
CECO	Schools	LONG	6.94	-0.72	HOLD
CIEN	Communications Equipment	SHORT	16.02	-0.87	HOLD
CVG	Computer Services	LONG	13.04	1.40	HOLD
DNDN	Biotechnology and Drugs	SHORT	8.81	-0.45	HOLD
DSX	Water Transportation	LONG	7.74	-0.26	HOLD
ELGX	Medical Equipment and Supplies	SHORT	13.28	-1.26	HOLD
EWD	Misc. Financial Services	SHORT	27.46	1.22	HOLD
EXAS	Biotechnology and Drugs	SHORT	10.22	2.25	HOLD
HNR	Oil and Gas Operations	LONG	6.01	-1.31	HOLD
IDIX	Biotechnology and Drugs	SHORT	7.39	-5.86	HOLD
IGE	Misc. Financial Services	LONG	37.40	-0.77	HOLD
IXN	Misc. Financial Services	SHORT	68.42	-0.70	HOLD
KWK	Oil and Gas Operations	LONG	4.04	-1.94	HOLD
MIL	Business Services	LONG	7.52	-0.53	HOLD
TPC		LONG	14.95	-0.07	HOLD
PCYC	Biotechnology and Drugs	SHORT	25.33	-2.80	HOLD
RDEA	Biotechnology and Drugs	SHORT	19.76	0.92	HOLD
REGN	Biotechnology and Drugs	SHORT	122.54	-0.05	HOLD
RIMM	Communications Equipment	LONG	13.42	4.11	HOLD
RSH	Retail (Technology)	LONG	5.99	0.67	HOLD
SYT	Chemical Manufacturing	LONG	70.40	1.79	HOLD
TC	Metal Mining	LONG	6.47	-0.46	HOLD
VRTX	Biotechnology and Drugs	SHORT	35.49	-1.88	HOLD
VVUS	Biotechnology and Drugs	SHORT	21.85	-1.31	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.25
SHORTS				-1.02
TOTAL				1.26
S&P 500				-0.07
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-19.71	3.35	-24.73	-5.35	-0.72
S&P 500	6.16	5.54	-18.61	1.00	0.30