10-May-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ABH	Paper and Paper Products	LONG	11.37	-1.30	SELL
ACAS	Investment Services	LONG	9.76	0.83	HOLD
ACHN	Major Drugs	SHORT	6.80	4.62	HOLD
AM	Printing and Publishing	LONG	15.00	-0.60	SELL
ARLP	Coal	LONG	59.50	1.09	BUY
CECO	Schools	LONG	7.00	0.14	SELL
CIEN	Communications Equipment	SHORT	12.06	-2.90	HOLD
CVG	Computer Services	LONG	12.52	-3.62	HOLD
ASNA	Retail (Apparel)	LONG	20.68	0.34	BUY
DNDN	Biotechnology and Drugs	SHORT	8.83	-1.45	HOLD
DSX	Water Transportation	LONG	7.70	-0.77	SELL
ELGX	Medical Equipment and Supplies	SHORT	14.94	2.47	HOLD
ESI	Schools	LONG	62.27	0.39	BUY
EWD	Misc. Financial Services	SHORT	26.79	-0.07	HOLD
EXAS	Biotechnology and Drugs	SHORT	10.50	3.35	HOLD
HNR	Oil and Gas Operations	LONG	5.71	-1.55	HOLD
IDIX	Biotechnology and Drugs	SHORT	8.41	2.06	HOLD
IGE	Misc. Financial Services	LONG	36.42	0.30	HOLD
IXN	Misc. Financial Services	SHORT	65.95	-0.68	HOLD
KKD	Retail (Grocery)	LONG	6.71	0.60	BUY
KWK	Oil and Gas Operations	LONG	4.29	-3.81	HOLD
MIL	Business Services	LONG	7.05	0.28	SELL
MNTA	Biotechnology and Drugs	LONG	14.12	2.02	BUY
TPC	Construction Services	LONG	12.03	0.17	HOLD
PCYC	Biotechnology and Drugs	SHORT	27.92	4.22	HOLD
RDEA	Biotechnology and Drugs	SHORT	31.67	0.06	HOLD
REGN	Biotechnology and Drugs	SHORT	131.14	1.34	HOLD
RIMM	Communications Equipment	LONG	11.80	-0.92	HOLD
RSH	Retail (Technology)	LONG	4.82	1.26	HOLD
SYT	Chemical Manufacturing	LONG	66.63	-1.05	HOLD
TC	Metal Mining	LONG	4.36	-0.23	HOLD
TNH	Chemical Manufacturing	LONG	203.40	-7.54	BUY
VRTX	Biotechnology and Drugs	SHORT	60.19	-0.27	HOLD
VVUS	Biotechnology and Drugs	SHORT	22.69	-0.26	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-0.73
SHORTS				0.96
TOTAL				-1.69
S&P 500				0.21
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-32.23	5.38	-32.76	-5.21	-0.86
S&P 500	5.36	5.57	-18.61	0.81	0.24