03-May-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABH	Paper and Paper Products	LONG	12.51	3.47	HOLD
ACAS	Investment Services	LONG	9.73	-1.07	HOLD
ACHN	Major Drugs	SHORT	6.43	-2.43	HOLD
AM	Printing and Publishing	LONG	15.53	-1.90	HOLD
CECO	Schools	LONG	6.82	1.04	HOLD
CIEN	Communications Equipment	SHORT	13.98	-2.24	HOLD
CVG	Computer Services	LONG	13.01	-1.96	HOLD
DNDN	Biotechnology and Drugs	SHORT	11.39	-3.64	HOLD
DSX	Water Transportation	LONG	7.69	-3.63	HOLD
ELGX	Medical Equipment and Supplies	SHORT	14.43	-1.77	HOLD
EWD	Misc. Financial Services	SHORT	28.08	-0.43	HOLD
EXAS	Biotechnology and Drugs	SHORT	10.10	-1.37	HOLD
HNR	Oil and Gas Operations	LONG	6.42	-9.19	HOLD
IDIX	Biotechnology and Drugs	SHORT	8.17	-7.47	HOLD
IGE	Misc. Financial Services	LONG	37.76	-2.07	HOLD
IXN	Misc. Financial Services	SHORT	68.51	-1.05	HOLD
KWK	Oil and Gas Operations	LONG	4.53	1.80	HOLD
MIL	Business Services	LONG	7.24	-2.56	HOLD
TPC	Construction Services	LONG	15.15	-2.63	HOLD
PCYC	Biotechnology and Drugs	SHORT	26.99	0.30	HOLD
RDEA	Biotechnology and Drugs	SHORT	31.70	0.00	HOLD
REGN	Biotechnology and Drugs	SHORT	133.92	-2.47	HOLD
RIMM	Communications Equipment	LONG	12.04	-5.94	HOLD
RSH	Retail (Technology)	LONG	5.15	2.59	HOLD
SYT	Chemical Manufacturing	LONG	70.57	-0.79	HOLD
TC	Metal Mining	LONG	5.65	-5.36	HOLD
VRTX	Biotechnology and Drugs	SHORT	38.11	-0.65	HOLD
VVUS	Biotechnology and Drugs	SHORT	23.68	-2.95	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.88
SHORTS				-2.01
TOTAL				0.13
S&P 500				-0.77
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-26.05	4.20	-27.04	-5.44	-0.84
S&P 500	7.86	5.55	-18.61	1.21	0.36