17-Sep-2012 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
ANDE	Crops	LONG	39.80	-1.34	HOLD
BAC	SandLs/Savings Banks	SHORT	9.30	-2.62	HOLD
BAS	Oil Well Services and Equipment	LONG	13.10	-4.21	HOLD
BBT	Regional Banks	SHORT	33.57	-1.24	HOLD
BOKF	Regional Banks	SHORT	58.73	-1.31	HOLD
BX	Investment Services	SHORT	14.95	-1.77	HOLD
CEC	Restaurants	LONG	30.98	-1.15	HOLD
CEF	Misc. Financial Services	SHORT	23.40	-1.64	HOLD
CET	Misc. Financial Services	SHORT	20.52	-0.06	HOLD
CORE	Retail (Grocery)	LONG	46.65	0.17	HOLD
CPLA	Schools	LONG	35.61	-3.18	HOLD
CSE	Regional Banks	SHORT	7.47	0.13	HOLD
DUK	Electric Utilities	SHORT	64.14	-0.08	HOLD
ESI	Schools	LONG	38.68	-3.25	HOLD
EVV	Misc. Financial Services	SHORT	16.56	-0.72	HOLD
FCNCA	Regional Banks	SHORT	168.05	-1.16	HOLD
FRED	Retail (Department and Discount)	LONG	14.37	0.14	HOLD
GBX	Railroads	LONG	18.08	-3.88	HOLD
HBC	Regional Banks	SHORT	47.31	-0.23	HOLD
HCBK	SandLs/Savings Banks	SHORT	7.88	-0.76	HOLD
IAU	Misc. Financial Services	SHORT	17.12	-0.75	HOLD
ISBC	SandLs/Savings Banks	SHORT	17.67	-1.40	HOLD
JBT	Misc. Capital Goods	LONG	17.09	-1.38	HOLD
JPM	Money Center Banks	SHORT	41.19	-0.91	HOLD
KELYA	Business Services	LONG	13.58	-1.59	HOLD
KMR	Oil Well Services and Equipment	SHORT	75.40	0.24	HOLD
KOP	Chemical Manufacturing	LONG	36.85	0.16	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.93	0.20	HOLD
LAD	Retail (Specialty)	LONG	32.44	-0.76	HOLD
NJR	Natural Gas Utilities	LONG	45.95	-0.39	HOLD
NLY	Misc. Financial Services	SHORT	17.18	-1.15	HOLD
NP	Paper and Paper Products	LONG	30.38	-0.75	HOLD
NR	Oil Well Services and Equipment	LONG	7.97	-2.69	HOLD
OMX	Office Supplies	LONG	7.72	-5.28	HOLD
RUSHA	Retail (Specialty)	LONG	18.22	-0.22	HOLD
SONC	Restaurants	LONG	10.21	0.10	HOLD
STI	Regional Banks	SHORT	29.14	-2.57	HOLD
STRA	Schools	LONG	67.97	-0.19	HOLD
TEN	Auto and Truck Parts	LONG	30.00	-6.02	HOLD
TFSL	SandLs/Savings Banks	SHORT	9.06	-1.20	HOLD
TKC	Communications Services	SHORT	15.35	1.12	HOLD
USB	Regional Banks	SHORT	34.19	-2.12	HOLD
USTR	Office Supplies	LONG	27.36	-0.73	HOLD
VQ	Oil and Gas Operations	LONG	11.84	-0.59	HOLD
WFC	Regional Banks	SHORT	35.33	-2.21	HOLD
XTXI	Oil Well Services and Equipment	LONG	13.31	-1.11	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				-1.66
SHORTS				-0.97
TOTAL				-0.69
S&P 500				-0.34
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-34.59	5.31	-39.30	-4.54	-0.61
S&P 500	14.25	5.07	-18.60	1.78	0.49