08-May-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABH	Paper and Paper Products	LONG	12.10	-2.50	HOLD
ACAS	Investment Services	LONG	9.63	-1.43	HOLD
ACHN	Major Drugs	SHORT	6.05	1.00	HOLD
AM	Printing and Publishing	LONG	15.15	-1.43	HOLD
CECO	Schools	LONG	6.88	-1.71	HOLD
CIEN	Communications Equipment	SHORT	12.70	-4.58	HOLD
CVG	Computer Services	LONG	13.03	0.08	HOLD
DNDN	Biotechnology and Drugs	SHORT	8.75	-25.15	HOLD
DSX	Water Transportation	LONG	7.76	0.65	HOLD
ELGX	Medical Equipment and Supplies	SHORT	14.59	-0.88	HOLD
EWD	Misc. Financial Services	SHORT	27.15	-1.24	HOLD
EXAS	Biotechnology and Drugs	SHORT	10.11	-1.27	HOLD
HNR	Oil and Gas Operations	LONG	5.79	-2.85	HOLD
IDIX	Biotechnology and Drugs	SHORT	7.97	4.18	HOLD
IGE	Misc. Financial Services	LONG	36.45	-0.92	HOLD
IXN	Misc. Financial Services	SHORT	66.54	-0.64	HOLD
KWK	Oil and Gas Operations	LONG	4.66	0.65	HOLD
MIL	Business Services	LONG	7.11	-1.11	HOLD
TPC	Construction Services	LONG	12.34	0.16	HOLD
PCYC	Biotechnology and Drugs	SHORT	27.08	0.13	HOLD
RDEA	Biotechnology and Drugs	SHORT	31.68	-0.06	HOLD
REGN	Biotechnology and Drugs	SHORT	130.93	0.49	HOLD
RIMM	Communications Equipment	LONG	12.01	1.61	HOLD
RSH	Retail (Technology)	LONG	4.96	-1.59	HOLD
SYT	Chemical Manufacturing	LONG	68.60	-0.15	HOLD
TC	Metal Mining	LONG	4.21	-9.27	HOLD
VRTX	Biotechnology and Drugs	SHORT	64.16	10.39	HOLD
VVUS	Biotechnology and Drugs	SHORT	22.78	-3.39	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.32
SHORTS				-1.62
TOTAL				0.30
S&P 500				-0.40
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-30.31	4.99	-31.05	-5.30	-0.85
S&P 500	5.77	5.57	-18.61	0.88	0.26