03-Jan-2013 Daily performance

SYMBOL	INDUSTRY	POSITION	PRICE	DAY CHANGE(%)	ACTIONS
AB	Investment Services	SHORT	17.99	0.00	HOLD
ALJ	Oil and Gas Operations	LONG	17.52	0.46	HOLD
ANDE	Crops	LONG	43.91	-0.16	HOLD
ATVI	Software and Programming	SHORT	11.01	0.59	HOLD
BBT	Regional Banks	SHORT	29.92	-0.50	HOLD
BIG	Retail (Specialty)	LONG	29.01	2.55	HOLD
BLX	Regional Banks	SHORT	22.12	-0.05	HOLD
BOKF	Regional Banks	SHORT	56.26	1.35	HOLD
CEF	Misc. Financial Services	SHORT	21.29	-1.21	HOLD
CENTA	Personal and Household Prods.	LONG	10.71	0.75	HOLD
CET	Misc. Financial Services	SHORT	19.93	-1.14	HOLD
ESI	Schools	LONG	18.69	5.59	HOLD
FHN	Regional Banks	SHORT	10.06	-0.49	HOLD
FRED	Retail (Department and Discount)	LONG	13.06	-5.16	HOLD
FTK	Oil Well Services and Equipment	LONG	12.95	2.45	HOLD
GBX	Railroads	LONG	16.06	-0.93	HOLD
GLD	Misc. Financial Services	SHORT	161.20	-1.21	HOLD
HBC	Regional Banks	SHORT	53.33	-1.77	HOLD
HCBK	SandLs/Savings Banks	SHORT	8.39	0.48	HOLD
IPAR	Personal and Household Prods.	LONG	19.89	0.00	HOLD
ISBC	SandLs/Savings Banks	SHORT	18.63	1.25	HOLD
KEG	Oil Well Services and Equipment	LONG	7.40	3.50	HOLD
KMR	Oil Well Services and Equipment	SHORT	79.32	0.94	HOLD
KRNY	SandLs/Savings Banks	SHORT	9.97	1.53	HOLD
LAD	Retail (Specialty)	LONG	40.16	2.97	HOLD
LCC	Airline	LONG	13.66	-2.29	HOLD
LINE	Oil and Gas Operations	SHORT	36.45	-0.76	HOLD
NAFC	Retail (Grocery)	LONG	21.49	-2.10	HOLD
NILE	Retail (Specialty)	LONG	40.15	3.56	HOLD
NR	Oil Well Services and Equipment	LONG	8.22	0.00	HOLD
NVS	Major Drugs	SHORT	63.70	-0.20	HOLD
OMX		LONG	9.60	-0.93	HOLD
SLV	Misc. Financial Services	SHORT	29.18	-2.48	HOLD
SONC	Restaurants	LONG	10.74	0.94	HOLD
STRA	Schools	LONG	58.77	3.20	HOLD
TCB	Regional Banks	SHORT	12.69	-0.47	HOLD
TFSL	SandLs/Savings Banks	SHORT	9.99	1.73	HOLD
TKC	Communications Services	SHORT	16.46	1.60	HOLD
USB	Regional Banks	SHORT	32.51	-1.40	HOLD
USNA	Conglomerates	LONG	34.94	6.27	HOLD
USTR	Office Supplies	LONG	31.89	0.09	HOLD
V	Consumer Financial Services	SHORT	155.50	0.08	HOLD
VALE	Metal Mining	SHORT	21.25	-1.12	HOLD
WGL	Natural Gas Utilities	LONG	40.09	-0.12	HOLD
XTXI	Oil Well Services and Equipment	LONG	15.05	-0.79	HOLD
TODAY SUMMARY				GAINS(%)
LONGS				0.90
SHORTS				-0.14
TOTAL				1.04
S&P 500				-0.22
Since 10-Mar-2011	GAINS(%)	STD	MAX. FALL	SHARPE RATIO	CALMAR RATIO
Portfolio	-34.90	5.39	-39.98	-3.86	-0.52
S&P 500	14.07	4.95	-18.60	1.50	0.40