1. Real Money Portfolio
    1. Q4 - 2007
    2. Q3 - 2007
    3. Q2 - 2007
    4. Q1 - 2007
    5. Q4 - 2006
    6. Q3 - 2006
    7. Q2 - 2006
    8. Q1 - 2006
    9. Q4 - 2005
    10. Q3 - 2005
    11. Q2 - 2005
    12. Q1 - 2005
    13. Q4 - 2004

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Real Money Portfolio

These are actual stock and option trades.  All purchases will initially be listed here, even if they are intended for long-term investment.

Q4 - 2007

We got caught in the new correction, very soon after the last, and it feels like more.  We did not enter bearish trades, but should have when the markets made a lower high in December.

Trades Closed Q4 2007
Buy Sell Gain/Loss Stop
Symbol Date Acct
 Price Date Price Gain Percent Days APR
GRMN 8/30/2007 1G $102.27 10/1/2007 $104.92 $2.65 2.20% 32 25.12% $105.00
ARTC 8/30/2007 2G $55.14 10/2/2007 $55.94 $0.80 1.07% 33 11.84%
XLE 9/14/2007 2T $72.50 10/8/2007 $74.35 $1.85 2.05% 24 31.19%
XLE 9/14/2007 2R $72.50 10/8/2007 $74.35 $1.85 1.76% 24 26.83%
XLE 9/14/2007 1T $72.50 10/8/2007 $74.35 $1.85 2.28% 24 34.62%
XLE 9/14/2007 1R $72.50 10/8/2007 $74.35 $1.85 1.86% 24 28.33%
DECK 8/1/2007 2G $107.08 10/8/2007 $113.70 $6.63 5.81% 68 31.21%
CEDC 8/30/2007 2T $45.49 10/9/2007 $47.00 $1.51 2.92% 40 26.68% $46.00
PCP 7/31/2007 1G $136.41 10/10/2007 $145.85 $9.44 6.50% 71 33.42%
NILE 8/30/2007 1T $89.66 10/12/2007 $90.52 $0.86 0.56% 43 4.71% $92.00
QLD 10/12/2007 1G $115.50 10/12/2007 $116.50 $1.00 0.17% 0.5 126.91%
SSO 9/25/2007 1T $94.13 10/16/2007 $97.16 $3.03 2.09% 21 36.27% $97.00
SSO 9/25/2007 1R $94.13 10/16/2007 $97.17 $3.04 0.80% 21 13.96% $97.00
SSO 9/25/2007 2T $94.13 10/16/2007 $97.17 $3.04 1.34% 21 23.33% $97.00
SSO 9/25/2007 2R $94.13 10/16/2007 $97.17 $3.04 0.40% 21 6.94% $97.00
BIIB 9/13/2007 2G $64.25 10/16/2007 $80.17 $15.92 24.39% 33 269.76% $80.00
RQQFG - SPY 9/13/2007 OX $20.30 10/16/2007 $23.80 $3.50 15.97% 33 176.59%
FCX 7/30/2007 2G $92.74 10/16/2007 $111.81 $19.07 20.17% 78 94.39% $103.00
UQQFP - QQQQ 9/13/2007 OX $9.95 10/17/2007 $13.50 $3.55 34.38% 34 369.05%
VIVO 8/2/2007 1T $26.71 10/19/2007 $28.99 $2.28 8.14% 78 38.08% $29.00
CEDC 10/12/2007 2T $47.85 10/19/2007 $45.58 ($2.27) (5.08%) 7 (100.00%) $46.00
EEM 7/31/2007 2T $136.50 10/19/2007 $152.09 $15.59 10.93% 80 49.87% $152.00
EEM 7/31/2007 2R $136.50 10/19/2007 $152.09 $15.59 10.69% 80 48.75% $152.00
EEM 7/31/2007 1R $136.50 10/19/2007 $152.09 $15.59 10.83% 80 49.42% $152.00
EEM 7/31/2007 1T $136.50 10/19/2007 $152.12 $15.62 11.15% 80 50.87% $152.00
NVDA 9/13/2007 1G $35.85 10/19/2007 $37.69 $1.84 4.75% 36 48.13% $36.00
CSCO 9/26/2007 2G $32.84 10/19/2007 $31.50 ($1.34) (4.45%) 23 (70.55%) $31.50
DE 9/26/2007 1T $145.57 10/19/2007 $145.60 $0.03 (0.37%) 23 (5.90%) $145.00
FSTR 9/26/2007 2G $44.45 10/22/2007 $40.22 ($4.23) (9.88%) 26 (100.00%) $42.50
NOV 10/9/2007 OX $75.43 10/22/2007 $70.00 ($5.43) (7.55%) 13 (100.00%) $70.00
FXI 10/4/2007 1T $179.99 10/22/2007 $189.05 $9.06 4.76% 18 96.44% $195.00
FXI 10/4/2007 1R $180.00 10/22/2007 $189.05 $9.05 4.41% 18 89.45% $195.00
FXI 10/4/2007 2T $179.92 10/22/2007 $188.90 $8.98 4.25% 18 86.20% $195.00
FXI 10/4/2007 2R $179.74 10/22/2007 $188.30 $8.56 4.02% 18 81.54% $195.00
GME 10/2/2007 2G $57.39 10/22/2007 $54.35 ($3.04) (5.68%) 20 (100.00%) $54.00
RIO 10/5/2007 OX $33.84 10/22/2007 $31.20 ($2.64) (8.15%) 17 (100.00%) $31.00
WYNN 10/10/2007 1G $155.75 10/22/2007 $147.30 ($8.45) (5.79%) 12 (100.00%) $147.00
FCX 8/21/2007 2G $81.50 10/22/2007 $104.31 $22.81 27.54% 62 162.15% $103.00
VPTAP - POT 8/23/2007 OX $22.00 10/22/2007 $36.20 $14.20 63.96% 60 389.07%
PCU 7/31/2007 2T $114.69 10/22/2007 $122.61 $7.92 6.52% 83 28.67% $125.00
OII 10/2/2007 2G $77.19 10/22/2007 $71.50 ($5.69) (7.77%) 20 (100.00%) $74.00
XLB 8/10/2007 2T $38.50 10/22/2007 $41.12 $2.62 6.29% 73 31.43% $41.50
XLB 8/10/2007 2R $38.50 10/22/2007 $41.12 $2.62 6.06% 73 30.32% $41.50
XLB 8/10/2007 1T $38.50 10/22/2007 $41.19 $2.69 6.70% 73 33.49% $41.50
XLB 8/10/2007 1R $38.50 10/22/2007 $41.12 $2.62 6.11% 73 30.57% $41.50
GPRO 10/2/2007 1G $67.80 10/22/2007 $65.20 ($2.60) (4.20%) 20 (76.71%) $68.00
POT 7/30/2007 1G $82.51 10/22/2007 $102.79 $20.28 24.18% 84 105.05% $103.00
DWSN 10/4/2007 OX $77.77 10/22/2007 $76.00 ($1.77) (2.79%) 18 (56.53%) $76.00
BHP 10/12/2007 OX $84.70 10/22/2007 $78.96 ($5.74) (7.14%) 10 (100.00%) $79.00
BOOM 10/1/2007 1T $48.84 10/22/2007 $44.84 ($4.00) (8.60%) 21 (100.00%) $45.00
SMDI 10/12/2007 2G $17.85 10/23/2007 $16.82 ($1.03) (6.14%) 11 (100.00%) $16.75
NVDA 9/13/2007 1G $33.25 10/23/2007 $36.61 $3.36 9.76% 40 89.09%
SIGM 10/4/2007 OX $51.30 10/23/2007 $54.41 $3.11 5.58% 19 107.15%
SYNA 10/4/2007 OX $46.40 10/23/2007 $49.88 $3.48 7.00% 19 134.39%
NOK 10/5/2007 2G $36.55 10/23/2007 $38.13 $1.58 3.95% 18 80.07%
QLD 10/12/2007 2T $115.75 10/23/2007 $113.10 ($2.65) (2.78%) 11 (92.33%)
QLD 10/12/2007 2R $115.75 10/23/2007 $113.08 ($2.67) (3.17%) 11 (100.00%)
QLD 10/12/2007 1T $115.75 10/23/2007 $113.50 ($2.25) (2.21%) 11 (73.31%)
QLD 10/12/2007 1R $115.75 10/23/2007 $113.36 ($2.39) (2.76%) 11 (91.42%)
XLK 9/13/2007 1R $26.05 10/23/2007 $27.03 $0.97 3.08% 40 28.07%
XLK 9/13/2007 1T $26.05 10/23/2007 $27.04 $0.98 3.49% 40 31.86%
XLK 9/13/2007 2R $26.05 10/23/2007 $27.00 $0.95 2.86% 40 26.10%
XLK 9/13/2007 2T $26.05 10/23/2007 $27.01 $0.95 3.15% 40 28.79%
CMI 8/8/2007 2G $121.50 10/25/2007 $120.31 ($1.19) (1.39%) 78 (6.51%) $126.00
FTK 10/31/2007 OX $50.99 11/1/2007 $37.94 ($13.05) (25.99%) 1 (100.00%) $43.34
FXI 11/1/2007 1T $210.87 11/5/2007 $190.00 ($20.87) (10.17%) 4 (100.00%) $190.00
FXI 11/1/2007 1R $210.87 11/5/2007 $190.00 ($20.87) (10.53%) 4 (100.00%) $190.00
FXI 11/1/2007 2T $210.85 11/5/2007 $208.09 ($2.76) (1.78%) 4 (100.00%) $190.00
FXI 11/1/2007 2R $210.58 11/5/2007 $208.09 ($2.49) (1.81%) 4 (100.00%) $190.00
FWLT 10/31/2007 2G $145.23 11/5/2007 $133.72 ($11.51) (8.32%) 5 (100.00%) $134.00
BHP 10/31/2007 1G $84.85 11/6/2007 $77.87 ($6.98) (8.65%) 6 (100.00%) $78.00
GME 10/31/2007 2G $58.24 11/6/2007 $58.69 $0.45 0.37% 6 22.45% $54.00
IBB 10/4/2007 2T $84.96 11/6/2007 $83.12 ($1.84) (2.84%) 33 (31.39%) $83.00
IBB 10/4/2007 2R $84.94 11/6/2007 $83.08 ($1.86) (2.86%) 33 (31.65%) $83.00
IBB 10/4/2007 1T $84.95 11/6/2007 $83.11 ($1.84) (2.44%) 33 (27.02%) $83.00
IBB 10/4/2007 1R $84.94 11/6/2007 $83.11 ($1.83) (2.85%) 33 (31.48%) $83.00
ILF 8/9/2007 2T $211.98 11/12/2007 $244.53 $32.55 14.88% 95 57.19% $245.00
ILF 8/9/2007 2R $211.98 11/12/2007 $244.00 $32.02 14.32% 95 55.02% $245.00
ILF 8/9/2007 1T $211.98 11/12/2007 $244.53 $32.55 15.04% 95 57.79% $245.00
ILF 8/9/2007 1R $211.98 11/12/2007 $244.00 $32.02 14.48% 95 55.62% $245.00
FCX 10/25/2007 2G $112.25 11/12/2007 $105.00 ($7.25) (6.81%) 18 (100.00%) $105.00
PCP 10/30/2007 1T $149.25 11/12/2007 $139.89 ($9.36) (6.72%) 13 (100.00%) $140.00
EEM 10/25/2007 2T $157.39 11/12/2007 $147.89 ($9.50) (6.54%) 18 (100.00%) $148.00
EEM 10/25/2007 2R $157.41 11/12/2007 $147.89 ($9.52) (6.75%) 18 (100.00%) $148.00
EEM 10/25/2007 1R $157.39 11/12/2007 $147.89 ($9.50) (6.67%) 18 (100.00%) $148.00
EEM 10/25/2007 1T $157.47 11/12/2007 $147.89 ($9.58) (6.37%) 18 (100.00%) $148.00
POT 11/1/2007 2G $121.95 11/12/2007 $105.02 ($16.93) (14.29%) 11 (100.00%) $105.00
LLL 8/8/2007 1G $99.45 12/7/2007 $109.41 $9.96 9.61% 121 29.00% $106.75
ZFUAE - POT 11/12/2007 OX $20.50 12/7/2007 $33.50 $13.00 62.15% 25 907.41%
SSO 11/5/2007 1T $92.25 12/7/2007 $91.84 ($0.41) (0.71%) 32 (8.13%) $78.41
SSO 11/5/2007 1R $92.25 12/7/2007 $91.90 ($0.35) (1.00%) 32 (11.39%) $78.41
SSO 11/5/2007 2T $92.25 12/7/2007 $91.90 ($0.35) (0.86%) 32 (9.82%) $78.41
SSO 11/5/2007 2R $92.50 12/7/2007 $91.91 ($0.59) (1.36%) 32 (15.49%) $78.63
EEM 12/11/2007 2T $160.25 12/13/2007 $153.00 ($7.25) (5.02%) 2 (100.00%) $153.00
EEM 12/11/2007 2R $160.25 12/13/2007 $153.00 ($7.25) (5.36%) 2 (100.00%) $153.00
EEM 12/11/2007 1R $160.25 12/13/2007 $153.00 ($7.25) (5.15%) 2 (100.00%) $153.00
EEM 12/11/2007 1T $160.25 12/13/2007 $153.00 ($7.25) (4.84%) 2 (100.00%) $153.00
ILF 12/6/2007 2T $266.00 12/13/2007 $250.00 ($16.00) (6.52%) 7 (100.00%) $250.00
ILF 12/6/2007 2R $266.00 12/13/2007 $250.00 ($16.00) (6.77%) 7 (100.00%) $250.00
ILF 12/6/2007 1T $265.95 12/13/2007 $250.00 ($15.95) (6.30%) 7 (100.00%) $250.00
ILF 12/6/2007 1R $266.00 12/13/2007 $250.00 ($16.00) (6.77%) 7 (100.00%) $250.00
BHPEN - BHP 10/31/2007 OX $20.80 12/13/2007 $10.80 ($10.00) (49.32%) 43 (100.00%)
FCXEA - FCX 10/25/2007 OX $19.70 12/13/2007 $13.15 ($6.55) (34.56%) 49 (100.00%)
PCU 11/16/2007 OX $110.70 12/17/2007 $103.00 ($7.70) (7.36%) 31 (86.60%) $103.00
SSO 11/30/2007 2T $88.50 12/17/2007 $86.00 ($2.50) (3.33%) 17 (71.42%) $86.00
SSO 11/30/2007 2R $88.50 12/17/2007 $86.00 ($2.50) (3.58%) 17 (76.81%) $86.00
SSO 11/30/2007 1T $88.50 12/17/2007 $86.00 ($2.50) (3.11%) 17 (66.71%) $86.00
SSO 11/30/2007 1R $88.50 12/17/2007 $86.00 ($2.50) (3.47%) 17 (74.50%) $86.00
QLD 11/6/2007 2T $118.23 12/17/2007 $102.00 ($16.23) (14.21%) 41 (100.00%) $102.00
QLD 11/6/2007 2R $118.23 12/17/2007 $102.00 ($16.23) (14.40%) 41 (100.00%) $102.00
QLD 11/6/2007 1T $118.23 12/17/2007 $102.01 ($16.22) (14.00%) 41 (100.00%) $102.00
QLD 11/6/2007 1R $118.23 12/17/2007 $102.00 ($16.23) (14.40%) 41 (100.00%) $102.00
QLD 11/6/2007 1T $100.25 12/17/2007 $102.00 $1.75 1.46% 41 13.01% $102.00
QLD 11/6/2007 1R $100.25 12/17/2007 $102.00 $1.75 1.18% 41 10.47% $102.00
QLD 11/6/2007 2T $100.25 12/17/2007 $102.00 $1.75 1.25% 41 11.10% $102.00
QLD 11/6/2007 2R $100.25 12/17/2007 $102.00 $1.75 1.08% 41 9.63% $102.00
FCX 11/29/2007 1G $96.50 12/17/2007 $97.00 $0.50 0.10% 18 2.11% $97.00
FLR 10/9/2007 OX $153.87 12/17/2007 $138.00 ($15.87) (10.64%) 69 (56.27%) $151.00
GS 11/12/2007 OX $217.49 12/18/2007 $203.08 ($14.41) (6.99%) 36 (70.89%) $203.00
FWLT 11/29/2007 2G $147.38 12/18/2007 $148.20 $0.82 0.17% 19 3.25%
MON 10/31/2007 1G $95.55 12/18/2007 $98.06 $2.51 2.21% 48 16.80%
MTW 12/6/2007 2T $44.65 12/18/2007 $45.21 $0.56 0.81% 12 24.55%
GPYMN - GS 11/12/2007 OX $5.10 12/18/2007 $1.75 ($3.35) (70.76%) 36 (100.00%)
PCUMR - PCU 11/16/2007 OX $3.70 12/18/2007 $2.55 ($1.15) (38.08%) 32 (100.00%)
IAH 11/6/2007 1G $55.75 12/26/2007 $52.55 ($3.20) (6.10%) 50 (44.52%)
IAH 11/16/2007 1G $49.75 12/26/2007 $52.55 $2.80 5.23% 40 47.69%
BOOM 11/16/2007 2G $53.50 12/31/2007 $60.00 $6.50 11.78% 45 95.52% $60.00
KO 11/26/2007 1G $62.50 12/31/2007 $61.50 ($1.00) (1.92%) 35 (20.01%) $61.50
PEP 12/21/2007 2G $77.05 12/31/2007 $76.00 ($1.05) (1.79%) 10 (65.52%) $76.00

Weighted Average 0.67% 34.9 6.97%

Q3 - 2007

Well, a much broader correction this time, we barely were getting back in and it was time to get out.  As can be seen here, we pretty much only sold, and were done before August.  Our instincts, and reading the technicals, were great for getting out this time.  It does not show here, and it won't show ever, really, but we clearly started moving back in too soon.  We also held on, continuing to buy in through the correction.  It has taken time, but everything is above water now; it would have been better to wait longer, though...

Trades Closed Q3 2007
Buy Sell Gain/Loss Stop
Symbol Date Acct
 Price Date Price Gain Percent Days APR
MLM 6/29/2007 1G $161.70 7/10/2007 $156.67 ($5.03) (3.46%) 11 (100.00%)
LTR 6/25/2007 2T $52.31 7/10/2007 $51.39 ($0.92) (2.09%) 15 (50.76%)
JCI 5/14/2007 1T $109.89 7/18/2007 $119.91 $10.02 8.71% 65 48.93% $120.01
AG 5/21/2007 2G $42.54 7/20/2007 $43.02 $0.48 0.67% 60 4.06% $42.98
ARD 7/19/2007 1G $58.99 7/24/2007 $53.44 ($5.55) (9.78%) 5 (100.00%) $53.50
CTB 7/13/2007 1G $28.28 7/24/2007 $25.39 ($2.89) (10.60%) 11 (100.00%) $25.50
MTN 7/13/2007 2G $62.37 7/24/2007 $59.65 ($2.72) (4.76%) 11 (100.00%)
ILF 6/26/2007 1T $211.75 7/24/2007 $221.99 $10.24 4.52% 28 58.94% $222.00
ILF 6/26/2007 1R $211.75 7/24/2007 $221.95 $10.20 4.19% 28 54.59% $222.00
ILF 6/26/2007 2T $211.75 7/24/2007 $221.95 $10.20 4.19% 28 54.59% $222.00
ILF 6/26/2007 2R $211.75 7/24/2007 $221.95 $10.20 3.87% 28 50.49% $222.00
XLB 7/11/2007 1T $41.25 7/25/2007 $41.49 $0.24 0.42% 14 10.89% $41.50
XLB 7/11/2007 1R $41.25 7/25/2007 $41.46 $0.21 0.15% 14 3.92% $41.50
XLB 7/11/2007 2T $41.25 7/25/2007 $41.47 $0.22 0.25% 14 6.48% $41.50
XLB 7/11/2007 2R $41.25 7/25/2007 $41.47 $0.22 0.11% 14 2.92% $41.50
AMX 6/25/2007 1G $62.59 7/25/2007 $60.79 ($1.80) (3.25%) 30 (39.56%) $60.88
CVX 6/15/2007 2G $83.49 7/25/2007 $89.37 $5.88 6.64% 40 60.63% $89.44
PCAR 5/21/2007 2T $87.99 7/25/2007 $88.71 $0.72 0.32% 65 1.77% $88.55
DECK 3/19/2007 2G $76.76 7/25/2007 $99.39 $22.63 29.08% 128 82.92%
CAM 6/25/2007 1T $72.40 7/25/2007 $76.78 $4.38 5.66% 30 68.81%
RIG 7/11/2007 1G $107.85 7/26/2007 $114.01 $6.16 5.34% 15 129.97% $110.00
POT 6/22/2007 1T $77.36 7/26/2007 $76.78 ($0.58) (1.09%) 34 (11.75%) $72.50
EEM 7/17/2007 1T $141.68 7/26/2007 $134.70 ($6.98) (5.21%) 9 (100.00%) $135.00
EEM 7/17/2007 1R $141.68 7/26/2007 $134.70 ($6.98) (5.63%) 9 (100.00%) $135.00
EEM 7/17/2007 2T $141.68 7/26/2007 $134.70 ($6.98) (5.40%) 9 (100.00%) $135.00
EEM 7/17/2007 2R $141.68 7/26/2007 $134.70 ($6.98) (5.63%) 9 (100.00%) $135.00
MON 7/11/2007 2G $65.85 7/26/2007 $65.44 ($0.41) (1.03%) 15 (24.99%) $63.72
RIO 5/21/2007 1T $45.27 7/26/2007 $47.76 $2.49 5.06% 66 28.01% $47.24
BGC 7/11/2007 2T $79.74 7/26/2007 $76.07 ($3.67) (5.06%) 15 (100.00%) $77.08
FCX 7/19/2007 2G $96.71 7/26/2007 $91.76 ($4.95) (5.53%) 7 (100.00%) $88.31

Weighted Average 1.21% 29.6 14.93%

Q2 - 2007

We started back into the market, with caution, once the technical signals indicated.  We picked up stocks which had not been strongly affected by the correction and have done reasonably well for the risk. 

Trades Closed Q2 2007
Buy Sell Gain/Loss Stop
Symbol Date Acct
 Price Date Price Gain Percent Days APR
PCAR 3/15/2007 2T $71.63 4/9/2007 $74.57 $2.94 3.71% 25 54.11%
WCG 3/2/2007 1T $83.71 4/27/2007 $85.05 $1.34 1.20% 56 7.84% $85.05
COH 3/20/2007 1T $49.95 5/1/2007 $48.10 ($1.86) (4.11%) 42 (35.75%) $48.00
ZMH 3/9/2007 1G $84.50 5/1/2007 $88.50 $4.00 4.34% 53 29.89% $88.47
TSO 4/13/2007 1G $112.20 5/2/2007 $118.47 $6.27 5.19% 19 99.75%
XLY 4/17/2007 1R $39.35 5/7/2007 $39.47 $0.12 0.02% 20 0.29%
XLY 4/18/2007 2R $39.33 5/7/2007 $39.47 $0.14 (0.02%) 19 (0.32%)
XLY 4/19/2007 2T $39.23 5/7/2007 $39.47 $0.24 0.36% 18 7.32%
XLY 4/20/2007 1T $39.55 5/7/2007 $39.47 ($0.08) (0.34%) 17 (7.41%)
IWM 4/20/2007 2R $82.18 5/7/2007 $82.61 $0.43 (0.29%) 17 (6.17%)
IWM 4/20/2007 1R $82.31 5/7/2007 $82.62 $0.31 (0.46%) 17 (9.89%)
IWM 4/20/2007 2T $82.13 5/7/2007 $82.61 $0.48 0.28% 17 6.02%
IWM 4/20/2007 1T $82.21 5/7/2007 $82.62 $0.41 0.19% 17 4.19%
CHD 3/9/2007 2G $47.60 5/8/2007 $50.41 $2.81 5.49% 60 33.38% $50.13
TTEC 3/15/2007 1T $35.45 5/8/2007 $38.11 $2.66 7.10% 54 48.00%
CG 3/28/2007 2T $74.00 5/8/2007 $76.19 $2.19 2.54% 41 22.66%
HOC 4/11/2007 2G $62.30 5/8/2007 $64.02 $1.72 2.36% 27 31.91%
ETR 5/14/2007 2G $118.49 5/24/2007 $113.28 ($5.21) (4.77%) 10 (100.00%) $113.29
AXE 5/15/2007 2G $71.27 5/24/2007 $70.00 ($1.27) (2.18%) 9 (88.49%) $70.00
CLF 4/12/2007 2G $71.50 5/24/2007 $71.83 $0.33 0.06% 42 0.52% $72.00
EEM 4/19/2007 1R $121.72 5/24/2007 $124.85 $3.13 1.91% 35 19.97% $125.00
EEM 4/19/2007 2R $121.80 5/24/2007 $124.85 $3.05 1.72% 35 17.97% $125.00
EEM 4/20/2007 2T $123.70 5/24/2007 $124.85 $1.15 0.39% 34 4.20% $125.00
EEM 4/20/2007 1T $123.36 5/24/2007 $124.85 $1.49 0.91% 34 9.81% $125.00
CEG 3/28/2007 2T $78.42 5/24/2007 $89.53 $11.11 13.78% 57 88.21% $89.53
CEG 5/1/2007 1G $91.15 5/24/2007 $89.53 ($1.62) (2.18%) 23 (34.53%) $89.53
SSO 4/20/2007 2R $92.81 5/24/2007 $95.91 $3.10 2.62% 34 28.15% $96.00
SSO 4/20/2007 1R $92.79 5/24/2007 $95.91 $3.12 2.50% 34 26.85% $96.00
SSO 4/20/2007 2T $92.58 5/24/2007 $95.91 $3.33 3.29% 34 35.30% $96.00
SSO 4/20/2007 1T $92.58 5/24/2007 $95.91 $3.33 3.29% 34 35.30% $96.00
ILF 4/19/2007 2R $190.76 5/24/2007 $201.77 $11.01 5.02% 35 52.39% $202.00
ILF 4/20/2007 1R $194.74 5/24/2007 $201.77 $7.03 2.93% 34 31.41% $202.00
ILF 4/20/2007 2T $194.19 5/24/2007 $201.99 $7.80 3.50% 34 37.60% $202.00
ILF 4/20/2007 1T $193.82 5/24/2007 $201.90 $8.08 2.68% 34 28.80% $202.00
ILF 4/20/2007 1T $193.82 5/24/2007 $201.77 $7.95 1.17% 34 12.58% $202.00
BGC 4/12/2007 1G $60.04 5/24/2007 $63.92 $3.88 6.07% 42 52.73% $64.00
USU 4/13/2007 2G $19.69 5/24/2007 $23.00 $3.31 16.40% 41 146.04% $23.00
XLB 4/17/2007 1R $39.05 5/24/2007 $39.69 $0.64 1.35% 37 13.28% $39.75
XLB 4/18/2007 2R $38.92 5/24/2007 $39.69 $0.77 1.60% 36 16.20% $39.75
XLB 4/19/2007 2T $38.70 5/24/2007 $39.69 $0.99 2.31% 35 24.12% $39.75
XLB 4/20/2007 1T $39.04 5/24/2007 $39.69 $0.65 1.52% 34 16.30% $39.75
CHAP 4/11/2007 1G $62.91 5/24/2007 $71.46 $8.55 13.19% 43 112.00%
STLD 5/9/2007 1T $48.10 5/30/2007 $45.24 ($2.86) (6.37%) 21 (100.00%) $45.32
BEN 5/15/2007 1T $136.01 6/6/2007 $131.85 ($4.16) (3.48%) 22 (57.71%) $132.00
MTW 5/9/2007 2G $75.09 6/7/2007 $72.14 ($2.95) (4.31%) 29 (54.22%) $72.13
IYZ 5/11/2007 1R $32.93 6/7/2007 $34.67 $1.74 4.81% 27 64.98% $34.00
IYZ 5/11/2007 2R $32.93 6/7/2007 $33.96 $1.03 2.59% 27 34.97% $34.00
IYZ 5/11/2007 2T $32.88 6/7/2007 $33.96 $1.08 3.04% 27 41.12% $34.00
IYZ 5/11/2007 1T $32.88 6/7/2007 $34.67 $1.79 5.30% 27 71.66% $34.00
NRG 3/28/2007 1T $36.75 6/7/2007 $41.21 $4.46 11.75% 71 60.40% $41.29
AMX 5/14/2007 1G $54.87 6/7/2007 $59.00 $4.13 7.12% 24 108.32% $59.00
USU 6/6/2007 2T $22.52 6/8/2007 $20.72 ($1.80) (8.65%) 2 (100.00%) $21.00
TSO 5/9/2007 2G $58.46 6/8/2007 $57.79 ($0.67) (1.53%) 30 (18.56%) $58.19
FCX 5/2/2007 1G $68.81 6/8/2007 $73.07 $4.26 5.78% 37 56.98% $73.19
PCP 3/28/2007 1G $103.82 6/8/2007 $114.07 $10.25 9.49% 72 48.10% $114.97
COG 6/5/2007 2T $39.70 6/8/2007 $36.94 ($2.76) (7.35%) 3 (100.00%) $37.00
ROLL 5/11/2007 2G $39.31 6/12/2007 $36.49 ($2.82) (7.58%) 32 (86.44%) $37.00
CLF 6/15/2007 1G $80.43 6/27/2007 $73.69 ($6.74) (8.76%) 12 (100.00%) $73.74
HOC 6/6/2007 1G $70.61 6/27/2007 $69.85 ($0.76) (1.45%) 21 (25.25%) $69.84
MON 5/30/2007 1G $60.93 6/27/2007 $65.35 $4.42 6.84% 28 89.22%
PCU 5/2/2007 2T $80.47 6/27/2007 $90.40 $9.93 11.93% 56 77.73%
JEC 6/25/2007 2G $57.92 6/27/2007 $55.64 ($2.28) (4.34%) 2 (100.00%)

Weighted Average 2.04% 31.2 23.82%

Q1 - 2007

Not so much of a correction as a swoon, we didn't lose much money in the sudden decline.  We lost in a couple speculations; we also gained in a couple speculations, but we certainly lost more.  The key difference between a correction and a downturn is the speed of the drop.  Corrections are pretty quick, bounce once or twice, and resume the trend.  The first losing speculations were bullish, just before the bottom fell out.  Then bearish, but too late and at the bottom, and that was the worst.  We started

Trades Closed Q1 2007
Buy Sell Gain/Loss Stop
Symbol Date Acct Price Date Price Gain Percent Days APR
DIA 10/27/2006 2G $120.70 1/5/2007 $123.79 $3.09 2.34% 70 12.20%
SPY 10/27/2006 2G $137.72 1/5/2007 $140.83 $3.11 2.06% 70 10.77%
DIA 10/26/2006 2T $121.00 1/5/2007 $123.78 $2.78 1.97% 71 10.11%
SPY 10/26/2006 2T $138.40 1/5/2007 $140.83 $2.43 1.47% 71 7.54%
DIA 10/25/2006 2R $121.35 1/5/2007 $123.85 $2.50 1.65% 72 8.36%
SPY 10/25/2006 2R $138.30 1/5/2007 $140.85 $2.55 1.48% 72 7.52%
DIA 10/27/2006 1T $121.30 1/5/2007 $123.80 $2.50 1.93% 70 10.06%
DIA 10/25/2006 1R $121.30 1/5/2007 $123.75 $2.45 1.69% 72 8.57%
SPY 10/25/2006 1R $138.30 1/5/2007 $140.75 $2.45 1.48% 72 7.52%
SPY 10/27/2006 1T $138.60 1/5/2007 $140.75 $2.15 1.44% 70 7.49%
CSH 12/27/2006 1T $47.45 1/8/2007 $43.85 ($3.60) (7.93%) 12 (100.00%) $43.97
RL 12/14/2006 2T $79.28 1/8/2007 $79.90 $0.62 0.53% 25 7.74%
DTV 11/21/2006 2T $22.40 1/9/2007 $24.15 $1.75 7.56% 49 56.30%
RYAAY 12/14/2006 2G $78.17 1/22/2007 $85.11 $6.94 8.62% 39 80.70% $85.10
COH 11/30/2006 2G $43.30 1/23/2007 $42.90 ($0.40) (1.19%) 54 (8.02%) $42.93
NKE 1/9/2007 1T $99.85 1/23/2007 $96.35 ($3.50) (3.91%) 14 (100.00%)
PHLY 1/9/2007 1R $46.15 1/24/2007 $45.00 ($1.15) (2.92%) 15 (71.17%)
BSCNM - BSC 1/26/2007 OX $4.50 1/24/2007 $2.01 ($2.49) (56.00%) 2 (100.00%)
BSCNL - BSC 1/24/2007 OX $1.01 1/26/2007 $2.45 $1.44 139.60% 2 25477.72%
LH 12/19/2006 1T $72.95 1/26/2007 $71.69 ($1.26) (2.09%) 38 (20.10%) $71.70
DIS 11/30/2006 1T $33.21 2/9/2007 $34.50 $1.29 3.64% 71 18.73%
DHS 2/2/2007 All IRA $59.05 2/15/2007 $59.45 $0.40 0.45% 13 12.67% $58.12
SMG 2/13/2007 1T $54.63 2/15/2007 $52.58 ($2.05) (4.16%) 2 (100.00%) $52.59
IYZ 2/20/2007 All IRA $30.95 2/22/2007 $30.95 $0.00 (0.22%) 2 (39.68%) $30.13
RYAAY 1/31/2007 1T $86.15 2/26/2007 $91.16 $5.01 5.43% 26 76.21% $91.27
CBG 2/21/2007 1G $37.24 2/26/2007 $35.26 ($1.98) (5.71%) 5 (100.00%)
SPY 1/30/2007 All IRA $142.49 2/27/2007 $143.84 $1.35 0.68% 28 8.86%
INFY 1/25/2007 2G $57.75 2/27/2007 $54.87 ($2.88) (5.39%) 33 (59.66%)
DIA 1/24/2007 All IRA $125.54 2/27/2007 $125.29 ($0.25) (0.47%) 34 (5.00%)
ABM 2/21/2007 2G $26.94 2/27/2007 $26.68 ($0.26) (1.36%) 6 (82.87%)
COH 1/31/2007 1G $44.90 2/27/2007 $46.89 $1.99 3.99% 27 53.90%
WCG 2/22/2007 1G $80.81 2/27/2007 $80.62 ($0.19) (0.65%) 5 (47.25%)
CEG 2/22/2007 2T $75.34 2/27/2007 $79.01 $3.67 4.46% 5 325.82%
BEN 2/20/2007 2G $126.04 2/27/2007 $119.72 ($6.32) (5.41%) 7 (100.00%)
FDS 1/31/2007 2G $58.00 2/27/2007 $60.88 $2.88 4.56% 27 61.65%
LMT 2/1/2007 2G $98.45 2/27/2007 $100.49 $2.04 1.67% 26 23.39%
MET 2/20/2007 1G $65.30 2/27/2007 $64.67 ($0.63) (1.37%) 7 (71.58%)
IWB 1/24/2007 All IRA $78.00 2/27/2007 $78.37 $0.38 0.22% 34 2.36%
ACN 1/18/2007 2T $37.30 2/27/2007 $36.81 ($0.49) (1.74%) 40 (15.90%)
COL 2/1/2007 1G $69.15 2/27/2007 $67.35 ($1.80) (2.99%) 26 (41.95%)
PCP 1/26/2007 2T $85.00 2/27/2007 $90.51 $5.51 6.09% 32 69.47%
PVH 2/6/2007 1T $55.30 2/27/2007 $54.90 ($0.40) (1.12%) 21 (19.55%)
IYZ 2/22/2007 1T,2T $30.93 2/27/2007 $30.23 ($0.70) (2.45%) 5 (100.00%)
GPYOS - GS 3/1/2007 OX $6.00 3/1/2007 $4.00 ($2.00) (33.55%) 1 (100.00%)
ATIOR - ATI 3/1/2007 OX $0.90 2/13/2007 $1.05 $0.15 15.00% 16 342.19%
ICEOV - ICE 3/1/2007 OX $2.10 2/13/2007 $2.43 $0.33 15.00% 16 342.19%
ICEOU - ICE 2/13/2007 OX $1.73 3/1/2007 $1.50 ($0.23) (14.91%) 16 (100.00%)
DOG 3/1/2007 1G $64.37 3/2/2007 $65.10 $0.73 0.82% 1 300.64%
GPYOT - GS 3/5/2007 OX $6.88 2/13/2007 $1.68 ($5.20) (75.99%) 20 (100.00%)
GPYOS - GS 2/13/2007 OX $1.08 3/5/2007 $4.38 $3.30 302.97% 20 5529.16%
TWM 3/1/2007 1G $68.99 3/15/2007 $71.00 $2.01 2.62% 14 68.41%
TWM 3/8/2007 2G $70.18 3/15/2007 $71.00 $0.82 0.88% 7 46.08%
SDS 3/1/2007 1G $59.73 3/15/2007 $60.90 $1.17 1.62% 14 42.35%
SDS 3/8/2007 2G $59.89 3/15/2007 $60.90 $1.01 1.36% 7 70.76%
DXD 3/1/2007 1G $60.12 3/15/2007 $60.77 $0.65 0.75% 14 19.52%
DXD 3/8/2007 2G $59.61 3/15/2007 $60.77 $1.16 1.61% 7 83.99%
SAP/CX/CR 2/26/2007 OX $4.60 3/16/2007 $5.00 $0.40 8.04% 18 163.10%
ATIOQ - ATI 2/13/2007 OX $0.46 3/16/2007 $0.00 ($0.46) (100.00%) 31 (100.00%)
ALB 3/9/2007 2G $40.85 3/21/2007 $41.18 $0.33 0.42% 12 12.67%
LFL 3/19/2007 1G $73.67 3/26/2007 $70.00 ($3.67) (5.37%) 7 (100.00%) $67.99

Weighted Average (0.60%) 29.2 (7.48%)  

Q4 - 2006

Not just a good rally, it was a great rally we missed, we also took our losses on the leaps plays started in May - here the go away in May would have been well heeded, we knew almost immediately the timing was bad, and never made enough back making time diagonal spreads...

Trades Closed Q4 2006
Buy
 Sell
 Gain/Loss
 Stop
Symbol Date Acct
 Price Date Price Percent Days APR
GRP/JJ/JI 9/6/2006 OX $0.45 10/20/2006 $0.90 91.37% 44 757.93%
DO/JR/JQ 9/6/2006 OX $0.55 10/20/2006 $0.85 47.48% 44 393.88%
ACLI 11/21/2006 1T $70.00 11/24/2006 $67.76 (3.43%) 3 (100.00%) $67.89
DAWXP - DIA 11/30/2006 OX $0.40 11/7/2006 $1.13 175.00% 23 2777.17%
IOWXV - IWM 11/30/2006 OX $0.20 11/6/2006 $1.05 410.00% 24 6235.42%
DIXXJ - MDY 11/30/2006 OX $0.25 11/6/2006 $1.55 508.00% 24 7725.83%
HOG 11/15/2006 2G $72.14 12/11/2006 $69.14 (4.44%) 26 (62.27%) $69.16
DIAXK - DIA 11/7/2006 OX $0.28 12/16/2006 $0.00 (100.00%) 39 (100.00%)
DIXXW - MDY 11/6/2006 OX $0.75 12/16/2006 $0.00 (100.00%) 40 (100.00%)
DIWXQ - IWM 11/6/2006 OX $0.25 12/16/2006 $0.00 (100.00%) 40 (100.00%)
POT/XE/XF 11/15/2006 OX $4.10 12/16/2006 $5.00 21.22% 31 249.84%
AAPL 12/14/2006 2G $88.77 12/21/2006 $82.86 (6.88%) 7 (100.00%) $82.91
QQQQ 10/25/2006 1R $42.40 12/22/2006 $42.95 0.99% 58 6.21% $42.95
QQQQ 10/25/2006 2R $42.43 12/22/2006 $42.95 0.85% 58 5.37% $42.95
QQQQ 10/26/2006 2T $42.35 12/22/2006 $42.95 1.11% 57 7.08% $42.95
QQQQ 10/27/2006 1T $42.49 12/22/2006 $42.95 0.92% 56 5.98% $42.95
QQQQ 10/27/2006 2G $42.18 12/22/2006 $42.95 1.61% 56 10.53% $42.95
BLKB 12/14/2006 1T $26.80 12/22/2006 $26.28 (2.21%) 8 (100.00%)
CTSH 12/14/2006 1T $80.99 12/22/2006 $75.70 (6.78%) 8 (100.00%)
IOWAX - IWM 4/28/2006 1G $5.60 12/29/2006 $2.90 (48.84%) 245 (72.76%)
LSPAP - MDY 4/28/2006 1G $10.40 12/29/2006 $2.30 (78.41%) 245 (100.00%)

Weighted Average (5.10%) 56.18 (33.11%)

Q3 - 2006

Call this the Summer Rally we missed.  Being too cautious and buying into the "Go away in May" philosophy, we missed what would have been a good rally in the Mid-July through September period which was little but up across the markets, though it was punctuated by a rollover in our watch/acquire lists asn the mony shifted in the markets.

Trades Closed Q3 2006
Buy
 Sell
 Gain/Loss
 Stop
Symbol Date Acct
 Price Date Price Percent Days APR
AZO/GT/GS 6/7/2006 1G $4.05 7/22/2006 $3.35 (18.40%) 45 (100.00%)
SFBGD - SPY 5/23/2006 OX $0.35 7/22/2006 $0.00 (100.00%) 60 (100.00%)
DAWGN - DIA 5/23/2006 OX $0.30 7/22/2006 $0.00 (100.00%) 60 (100.00%)
HANS 7/18/2006 2G $47.00 8/3/2006 $41.69 (11.52%) 16 (100.00%) $41.57
GRMN 8/11/2006 2G $44.08 8/18/2006 $46.05 4.30% 7 224.20%
SPY/HB/HY 7/12/2006 1G $0.50 8/19/2006 $1.00 85.50% 38 821.25%
IWM/HX/HR 7/12/2006 1G $0.50 8/19/2006 $0.96 77.50% 38 744.41%
DIA/HL/HH 7/12/2006 1G $0.40 8/19/2006 $0.70 56.88% 38 546.30%
MDY/HS/HK 7/12/2006 1G $0.50 8/19/2006 $1.35 155.50% 38 1493.62%
MTH/II/IH 8/10/2006 OX $3.60 9/16/2006 $3.70 1.34% 37 13.21%

Weighted Average
 (0.54%) 21.37 (9.26%)

Q2 - 2006

This time we were ready, more or less, to pull out.  We had some option strategies that were poorly timed and hurt us, but the bottom line didn't give back all that much and that's the important part - our big losses were on small strategies.

Trades Closed Q2 2006
Buy
 Sell
 Gain/Loss
 Stop
Symbol Date Acct
 Price Date Price Percent Days APR
POT/DT/DS 3/16/2006 1G $4.15 4/5/2006 $2.95 (30.72%) 20 (100.00%)
AAPL/DN/DM 3/22/2006 OX $3.80 4/5/2006 $3.80 (1.58%) 14 (41.17%)
CELG 11/15/2005 1R L $29.90 4/12/2006 $36.54 21.87% 148 53.94% $37.00
AHC/DK/DJ 3/22/2006 OX $4.30 4/12/2006 $2.95 (32.79%) 21 (100.00%)
QAAGN - AAPL 4/6/2006 OX $6.50 4/12/2006 $3.70 (44.00%) 6 (100.00%)
RARH - RA 4/13/2006 OX $0.65 4/21/2006 $0.75 10.77% 8 491.35%
RAFI - RA 4/6/2006 OX $1.15 4/21/2006 $0.30 (76.52%) 15 (100.00%)
IQFGK - IIIN 4/13/2006 OX $8.10 4/21/2006 $2.85 (65.55%) 8 (100.00%) $4.00
CTX/DP/DO 3/2/2006 1G $4.40 4/22/2006 $5.00 13.07% 51 93.53%
ICOS/DF/DE 3/6/2006 OX $4.00 4/22/2006 $5.00 24.25% 47 188.32%
PGR/DC/DB 3/6/2006 OX $4.10 4/22/2006 $5.00 21.22% 47 164.79%
QSII/DO/DN 3/23/2006 1G $4.35 4/22/2006 $5.00 14.37% 30 174.81%
$OEX/DB/DA 3/23/2006 1G $4.10 4/22/2006 $5.00 21.34% 30 259.66%
TS/PM/PN 3/30/2006 OX $4.10 4/22/2006 $5.00 21.22% 23 336.74%
MCO 1/18/2006 2R L $62.33 4/26/2006 $64.68 3.45% 98 12.85% $66.00
JOYG 3/20/2006 1T $60.00 4/27/2006 $61.37 2.06% 38 19.80% $62.00
ET 12/1/2005 1T L $19.92 4/27/2006 $23.75 19.00% 147 47.19% $25.00
JLG 3/14/2006 1R $28.63 4/27/2006 $25.80 (10.22%) 44 (84.76%) $27.00
ISERG - ISE 4/25/2006 OX $0.65 4/27/2006 $0.30 (63.05%) 2 (100.00%) $0.35
IPSFB - IPS 4/6/2006 OX $7.00 4/27/2006 $1.70 (76.57%) 21 (100.00%) $3.00
QUAFH - PLXS 4/6/2006 OX $2.60 4/28/2006 $4.20 60.38% 22 1001.84%
GWR 3/20/2006 2G $32.28 5/2/2006 $30.50 (5.76%) 43 (48.91%) $31.00
ISE 3/27/2006 2T $44.10 5/2/2006 $41.35 (6.49%) 36 (65.85%)
OSK 3/20/2006 1T $59.73 5/2/2006 $55.06 (8.04%) 43 (68.26%) $56.00
BNI 4/18/2006 1T $85.38 5/2/2006 $78.75 (8.00%) 14 (100.00%)
BXP 3/29/2006 1T $96.34 5/2/2006 $85.55 (11.41%) 34 (100.00%)
UDURE - AIRM 4/25/2006 2G $1.60 5/8/2006 $0.40 (78.44%) 13 (100.00%)
FDXGC - FDX 4/13/2006 OX $5.50 5/8/2006 $7.90 42.55% 25 621.22%
AIRM 4/13/2006 1T $28.70 5/9/2006 $24.20 (16.03%) 26 (100.00%) $24.00
TIE 3/14/2006 2R $42.40 5/9/2006 $82.92 94.86% 56 618.28%
ATI 4/28/2006 1R $69.25 5/15/2006 $73.30 5.56% 17 119.37% $74.00
BSC/QG/QH 4/28/2006 1G $4.20 5/15/2006 $2.80 (33.93%) 17 (100.00%)
LEH/QG/QH 3/24/2006 1G $4.05 5/15/2006 $3.40 (16.67%) 52 (100.00%)
GS/QK/QL 4/27/2006 1G $3.95 5/15/2006 $2.60 (34.81%) 18 (100.00%)
MLM 3/30/2006 1T $105.70 5/15/2006 $94.86 (10.44%) 46 (82.87%) $95.00
BEAV 3/17/2006 1T $24.65 5/15/2006 $24.88 0.73% 59 4.52% $25.00
JEF 3/27/2006 2T $57.98 5/15/2006 $63.00 8.38% 49 62.44%
LECO 4/26/2006 1T $53.20 5/15/2006 $54.05 1.22% 19 23.48% $48.00
RS 4/13/2006 2G $92.40 5/15/2006 $87.02 (6.04%) 32 (68.88%) $85.00
OS 5/8/2006 2T $51.83 5/15/2006 $45.52 (12.43%) 7 (100.00%)
SPY/QT/QY 4/6/2006 OX $4.30 5/17/2006 $3.80 (12.33%) 41 (100.00%)
TS 5/5/2006 2R $44.15 5/17/2006 $37.00 (16.56%) 12 (100.00%) $37.00
FDX/QA/QB 4/3/2006 OX $4.15 5/17/2006 $4.20 0.48% 44 4.00%
TEX 4/26/2006 2G $88.33 5/17/2006 $88.00 (0.60%) 21 (10.43%) $88.00
WCC 3/14/2006 2T $60.25 5/17/2006 $67.99 12.58% 64 71.75% $68.00
HSC 5/8/2006 1T $86.48 5/17/2006 $79.50 (8.30%) 9 (100.00%) $80.00
NSC 3/27/2006 1T $53.75 5/18/2006 $51.01 (5.35%) 52 (37.52%) $51.00
DO/RQ/RR 5/8/2006 2G $3.90 5/18/2006 $3.50 (10.90%) 10 (100.00%)
PCP 5/9/2006 2G $68.00 5/18/2006 $58.85 (13.65%) 9 (100.00%) $59.00
DIA/QB/QG 4/6/2006 OX $4.20 5/19/2006 $4.80 13.57% 43 115.20%
CX 4/26/2006 2G $67.59 5/19/2006 $61.03 (10.00%) 23 (100.00%) $61.00
BAM 3/31/2006 2T $36.67 5/19/2006 $39.00 6.07% 49 45.24% $39.00
BUCY 5/8/2006 2G $56.33 5/19/2006 $47.84 (15.31%) 11 (100.00%) $48.00
KBH/EP/EO 3/24/2006 1G $4.30 5/20/2006 $5.00 15.70% 57 100.52%
HOV/EK/EJ 3/27/2006 OX $4.20 5/20/2006 $5.00 18.33% 54 123.92%
PTRY 5/5/2006 1T $67.33 5/24/2006 $56.89 (15.80%) 19 (100.00%) $57.00
CAT 5/4/2006 2G $78.85 6/1/2006 $72.39 (8.45%) 28 (100.00%)
TRN 5/23/2006 2T $63.47 6/1/2006 $59.35 (6.74%) 9 (100.00%)
GDI 3/17/2006 2T $61.45 6/1/2006 $75.00 21.83% 76 104.86%
CSX 5/23/2006 2G $66.74 6/1/2006 $67.10 0.24% 9 9.73%
WFT 5/23/2006 2R $51.74 6/1/2006 $53.10 2.32% 9 94.07%
CLB 5/23/2006 1G $56.21 6/1/2006 $57.65 2.36% 9 95.66%
CLDN 5/23/2006 1T $26.98 6/1/2006 $28.50 5.39% 9 218.47%
RBC 3/30/2006 1R $42.25 6/1/2006 $48.75 15.01% 63 86.94%
FTI 5/23/2006 1R $62.87 6/1/2006 $67.00 6.25% 9 253.53%
HANS 3/28/2006 1T $121.00 6/8/2006 $157.04 29.62% 72 150.16% $157.04
TIE 3/14/2006 2R $21.20 6/13/2006 $28.46 32.83% 91 131.69% $28.34
RQOFJ - RACK 4/13/2006 OX $7.50 6/18/2006 $0.00 (100.00%) 66 (100.00%)

Weighted Average (1.71%) 37.41 (16.70%)

Q1 - 2006

This certainly helps to improve confidence, though there are signs of things turning bad in February.  It was almost as good as Q3 last year, and better than Q1 by far.

Trades Closed Q1 2006
Buy
 Sell
 Gain/Loss
 Stop
Symbol Date Acct
 Price Date Price Percent Days APR
VCLK 12/1/2005 2R $19.34 1/6/2006 $20.55 5.96% 36 60.44%
CRDN 11/17/2005 1T $44.03 1/6/2006 $45.50 3.14% 50 22.90%
EAGL 12/23/2005 1T $37.40 1/6/2006 $34.80 (7.17%) 14 (100.00%)
FCX 12/1/2005 1R L $54.25 1/6/2006 $59.50 9.47% 36 95.98%
LII 11/22/2005 2R $29.19 1/6/2006 $30.00 2.43% 45 19.73%
NSICI - NTRI 12/2/2005 1G $4.10 1/12/2006 $5.50 32.81% 41 292.05%
AFYCG - ONEQ 11/2/2005 1G $3.70 1/12/2006 $7.30 95.99% 71 493.48%
ACR 12/23/2005 2T $26.05 1/13/2006 $26.99 3.30% 21 57.39% $27.00
NDAQ 10/17/2005 2T L $27.87 1/18/2006 $35.33 26.55% 93 104.19% $37.00
ASFDH 11/17/2005 OX $7.00 1/18/2006 $7.50 5.01% 62 29.48%
CVH 10/10/2005 1T L $57.27 1/26/2006 $56.90 (0.99%) 108 (3.34%) $57.00
MCO 1/18/2006 2R L $62.33 1/30/2006 $64.15 1.64% 12 49.81%
WSO 1/20/2006 1R L $66.50 1/30/2006 $70.50 4.81% 10 175.68%
PDE 1/27/2006 1R $34.62 1/30/2006 $34.87 (1.59%) 3 (100.00%)
PZZA 1/20/2006 2R L $34.10 1/30/2006 $34.78 1.21% 10 44.27%
CELG 11/15/2005 1R L $59.80 1/30/2006 $70.75 16.97% 76 81.52%
CMJCG - CME 11/15/2005 1G $42.00 1/31/2006 $51.50 22.11% 77 104.80%
CVH 10/10/2005 1T L $57.27 1/31/2006 $60.00 4.08% 113 13.16%
XTQBR - ESRX 12/2/2005 1G $4.40 2/3/2006 $3.90 (12.84%) 63 (74.39%)
AAPL 12/22/2005 2G $74.25 2/6/2006 $68.00 (8.63%) 46 (68.50%) $68.00
NTRI 1/27/2006 2G $46.58 2/7/2006 $38.82 (16.87%) 11 (100.00%) $39.00
WCC 11/15/2005 2G L $42.80 2/7/2006 $54.35 26.78% 84 116.36%
RS 11/15/2005 1T L $61.60 2/7/2006 $78.99 28.01% 84 121.73%
IPS 11/15/2005 1T L $68.55 2/7/2006 $88.75 29.27% 84 127.20%
ACI 11/22/2005 1T $75.35 2/7/2006 $80.00 5.91% 77 28.00% $80.00
CAMOI 2/8/2006 OX $3.30 2/7/2006 $1.61 (52.12%) 1 (100.00%)
ASF 11/17/2005 1T $41.95 2/9/2006 $38.12 (9.37%) 84 (40.71%) $38.25
FCX 1/27/2006 2T $63.19 2/9/2006 $54.22 (14.46%) 13 (100.00%) $53.00
CAMOH 2/7/2006 OX $0.41 2/13/2006 $0.75 75.61% 6 4599.59% $0.75
TIE 12/19/2005 2T L $66.92 2/13/2006 $66.19 (1.29%) 56 (8.41%) $67.00
BJS 1/27/2006 2T $40.57 2/15/2006 $34.00 (16.44%) 19 (100.00%) $34.00
PDE 1/27/2006 1R $34.62 2/15/2006 $31.00 (10.84%) 19 (100.00%)
CAMOH 2/17/2006 OX $0.95 2/13/2006 $0.87 (11.58%) 4 (100.00%)
ASFDH 11/17/2005 OX $7.00 2/16/2006 $8.00 12.15% 91 48.73%
GES 1/23/2006 1T $38.42 2/17/2006 $38.00 (1.35%) 25 (19.76%) $38.00
BTUCS 2/21/2006 OX $5.50 2/16/2006 $1.70 (69.64%) 5 (100.00%)
BTUCJ 2/16/2006 OX $0.53 2/23/2006 $2.50 371.90% 7 19392.18%
ESRX 10/17/2005 2T L $62.92 2/23/2006 $86.06 36.57% 129 103.46% $86.00
GMXR 1/5/2006 1T $37.50 2/23/2006 $38.98 3.67% 49 27.31% $39.00
PZZA 1/20/2006 2R $34.10 3/2/2006 $29.49 (13.81%) 41 (100.00%) $29.00
TALX 1/27/2006 1T $32.35 3/2/2006 $34.15 5.32% 34 57.08%
APOL/CM/CL 2/9/2006 OX $4.25 3/3/2006 $4.95 15.41% 22 255.70%
CELG/OL/OM 2/15/2006 OX $4.20 3/3/2006 $4.95 16.43% 16 374.78%
PSYS 11/15/2005 2G L $29.60 3/7/2006 $29.76 0.32% 112 1.03% $30.00
CX 2/6/2006 2G $65.30 3/7/2006 $59.90 (8.51%) 29 (100.00%) $60.00
CRDN 3/2/2006 2T $60.00 3/8/2006 $54.43 (9.51%) 6 (100.00%) $55.00
WSO 1/20/2006 1R L $66.50 3/8/2006 $66.99 0.44% 47 3.39% $67.00
JLG 12/22/2005 1G $48.01 3/8/2006 $54.25 12.79% 76 61.42%
GENZ/CO/CN 2/21/2006 OX $3.95 3/14/2006 $4.50 12.78% 21 222.21%
CERN/DJ/DI 2/14/2006 1G $4.00 3/15/2006 $3.00 (26.25%) 29 (100.00%)
CAMOG 2/13/2006 OX $0.22 3/17/2006 $0.00 (100.00%) 32 (100.00%)
TOL/DH/DG 3/6/2006 OX $4.10 3/17/2006 $3.85 (7.56%) 11 (100.00%)
DNA/DS/DR 3/3/2006 OX $4.00 3/17/2006 $4.10 1.25% 14 32.62%
DNA/CS/CR 2/7/2006 OX $3.60 3/17/2006 $5.00 38.06% 38 365.53%
RYL/CP/CO 2/9/2006 OX $4.30 3/17/2006 $5.00 15.58% 36 157.98%
WLP/CQ/CP 2/14/2006 OX $3.80 3/17/2006 $5.00 30.79% 31 362.52%
APC/CB/CA 2/16/2006 OX $4.35 3/17/2006 $5.00 14.25% 29 179.39%
KBH/CO/CN 2/21/2006 OX $3.90 3/17/2006 $5.00 27.44% 24 417.25%
UTHR/DN/DM 3/6/2006 OX $3.50 3/20/2006 $3.20 (10.29%) 14 (100.00%)
HAN 3/27/2006 1T $67.39 3/28/2006 $66.75 (1.15%) 1 (100.00%)
AGII 11/30/2005 2G L $31.67 3/28/2006 $35.11 10.61% 118 32.82%
BMHC/DP/DO 3/2/2006 1G $1.95 3/28/2006 $1.60 (19.87%) 26 (100.00%)
FLR/DR/DQ 3/22/2006 OX $3.75 3/28/2006 $3.25 (14.93%) 6 (100.00%)

Weighted Average
 4.54% 47.52 34.86%

Q4 - 2005

That Q3 Summer rally ran out fast, and we weren't prepared at all.  We only gave back about half what we gained, but we should have been ready to step out quickly when fall troubles arose - we shouldn't have just hung on.  This is a case where news and events warrant actively exiting strategies instead of waiting for stop loss orders to fire...

Trades Closed Q4 2005
Buy
 Sell
 Gain/Loss
 Stop
Symbol Date Acct
 Price Date Price Percent Days APR
TRGL 9/28/2005 1T $35.30 10/5/2005 $30.24 (14.62%) 7 (100.00%) $30.00
TIE 9/8/2005 2G $34.24 10/5/2005 $39.00 13.67% 27 184.78% $39.00
NBL 9/13/2005 1T $43.83 10/5/2005 $45.00 2.45% 22 40.70% $45.00
VLO 9/6/2005 2G $109.09 10/5/2005 $109.62 0.30% 29 3.81% $110.00
SU 9/29/2005 1T $60.93 10/5/2005 $53.25 (12.82%) 6 (100.00%) $54.00
NOV 9/29/2005 2T $66.98 10/6/2005 $59.53 (11.42%) 7 (100.00%) $60.00
KMI 9/28/2005 2T $95.15 10/6/2005 $89.50 (6.15%) 8 (100.00%) $90.00
JOYG 9/26/2005 2G $47.17 10/6/2005 $45.00 (4.81%) 10 (100.00%) $45.00
STO 9/30/2005 2G $24.90 10/6/2005 $22.97 (7.95%) 6 (100.00%) $23.00
EXP 9/29/2005 2G $116.00 10/6/2005 $113.14 (2.64%) 7 (100.00%)
CEDC 9/26/2005 1G $42.45 10/6/2005 $40.53 (4.76%) 10 (100.00%)
VIVO 9/14/2005 1T $18.28 10/6/2005 $19.97 8.97% 22 148.85% $20.00
CX 9/28/2005 1R $50.60 10/6/2005 $50.91 0.22% 8 9.94%
CNX 9/8/2005 1R $71.66 10/6/2005 $68.45 (4.76%) 28 (62.03%)
FDG 9/15/2005 1T $41.55 10/6/2005 $38.99 (6.32%) 21 (100.00%)
HUM 9/14/2005 1T $47.75 10/6/2005 $45.65 (4.61%) 22 (76.44%)
ADSK 9/30/2005 1R $45.90 10/6/2005 $44.00 (4.57%) 6 (100.00%)
BHS 9/6/2005 2R $52.25 10/6/2005 $52.25 (0.38%) 30 (4.65%)
WSO 9/26/2005 2T $51.24 10/6/2005 $49.65 (3.49%) 10 (100.00%)
NSM 8/10/2005 2G $24.25 10/6/2005 $25.07 3.18% 57 20.33%
ASEI 9/29/2005 1T $63.80 10/6/2005 $65.25 2.06% 7 107.62%
BMHC 9/13/2005 1G $89.60 10/6/2005 $90.75 1.06% 23 16.83%
SPY LR 7/14/2005 OE $5.30 10/3/2005 $1.70 (68.86%) 81 (100.00%)
DIX LY - MDY 7/14/2005 OE $6.40 10/3/2005 $2.10 (68.12%) 81 (100.00%)
DIW KA - IWM 7/14/2005 OE $3.20 10/3/2005 $0.65 (80.63%) 81 (100.00%)
TOL LX 7/26/2005 OE $7.90 10/3/2005 $0.20 (98.41%) 69 (100.00%)
MDC LQ 7/26/2005 OE $7.80 10/3/2005 $1.50 (81.73%) 69 (100.00%)
QQQ AM 9/7/2005 OE $2.00 10/3/2005 $1.15 (44.00%) 26 (100.00%)
DIA AZ 9/7/2005 OE $4.80 10/3/2005 $2.60 (46.87%) 26 (100.00%)
UCJ AE - CWTR 9/20/2005 OE $5.10 10/3/2005 $3.40 (34.31%) 13 (100.00%)
FRK 9/30/2005 1T $64.35 10/12/2005 $54.85 (14.97%) 12 (100.00%) $55.00
QQQMM - QQQQ 10/27/2005 1G $1.55 11/2/2005 $0.85 (46.77%) 6 (100.00%)
ACLBF 10/20/2005 OX $10.90 11/3/2005 $14.30 30.51% 14 795.36%
VIVO 10/20/2005 2R L $22.15 11/17/2005 $18.38 (17.28%) 28 (100.00%) $18.50
JLGBH - JLG 11/2/2005 1G $2.65 11/17/2005 $7.00 162.08% 15 3943.87%
CQNCQ - CERN 11/3/2005 1G $10.20 11/17/2005 $13.80 34.17% 14 890.80%
SWFDJ - SNDK 11/17/2005 OX $13.40 11/21/2005 $6.30 (54.10%) 4 (100.00%) $7.00
SNDK 11/17/2005 2G $58.25 11/21/2005 $46.82 (19.83%) 4 (100.00%) $49.00
QQQAL - QQQQ 10/20/2005 OX $1.85 11/22/2005 $3.90 109.19% 33 1207.70% $0.80
THE 10/21/2005 1R L $39.80 11/28/2005 $41.70 4.52% 38 43.44% $42.00
USG 9/13/2005 2R $66.43 11/28/2005 $61.54 (7.66%) 76 (36.79%)
RESP 10/10/2005 1T L $41.41 11/28/2005 $38.61 (6.95%) 49 (51.81%)
NURO 11/22/2005 1T $36.65 11/29/2005 $30.51 (17.00%) 7 (100.00%) $31.00
HUBG 11/15/2005 1T L $38.75 12/9/2005 $38.00 (2.14%) 24 (32.57%)
TIE 11/3/2005 2G $49.90 12/9/2005 $72.40 44.89% 36 455.13%
SKYW 11/23/2005 1G $30.20 12/9/2005 $28.19 (6.87%) 16 (100.00%)
NFLX 11/17/2005 2G $28.50 12/9/2005 $26.15 (8.45%) 22 (100.00%)
AAPL 11/15/2005 1G L $62.78 12/14/2005 $72.43 15.16% 29 190.79% $72.50
DIACF 11/18/2005 1G $1.90 12/14/2005 $2.10 8.69% 26 121.93%
QQQAL - QQQQ 10/20/2005 OX $1.85 12/14/2005 $4.00 114.59% 55 760.49%
SPYCR 11/3/2005 1G $4.70 12/14/2005 $7.60 60.53% 41 538.89%
DIXCA - MDY 11/3/2005 1G $5.90 12/14/2005 $8.70 46.36% 41 412.69%
DIWBM - IWM 11/2/2005 1G $3.40 12/14/2005 $4.80 39.76% 42 345.50%
GMXR 11/3/2005 2G $25.35 12/15/2005 $36.10 42.21% 42 366.82%
NQDLI - NDAQ 11/23/2005 OX $2.55 12/17/2005 $0.00 (100.00%) 24 (100.00%)
NWRE 11/22/2005 2G $21.02 12/27/2005 $24.15 14.64% 35 152.64%
RBC 12/1/2005 1T L $35.62 12/27/2005 $34.00 (4.80%) 26 (67.35%) $34.00

Weighted Average (3.37%) 24.67 (49.90%)

Q3 - 2005

Up to this point we hadn't done much more than breakeven.  This summer rally worked pretty well for us.

Trades Closed Q3 2005
Buy
 Sell
 Gain/Loss
Symbol Date Price Date Price Percent Days APR
NXTP 5/2/2005 $23.00 7/5/2005 $24.50 6.35% 64 36.20%
MOVI 6/21/2005 $33.22 7/7/2005 $24.18 (27.51%) 16 (100.00%)
AFFX 6/13/2005 $52.12 7/11/2005 $56.19 7.63% 28 99.40%
CYH 5/20/2005 $36.20 7/13/2005 $35.02 (3.54%) 54 (23.90%)
BHS 5/25/2005 $46.35 7/13/2005 $46.50 0.11% 49 0.81%
WSO 5/19/2005 $45.19 7/13/2005 $42.75 (5.58%) 55 (37.01%)
DIA IX 6/7/2005 $5.10 7/13/2005 $4.20 (19.11%) 36 (100.00%)
DIW KW - IWM 6/7/2005 $3.30 7/13/2005 $5.40 62.50% 36 633.72%
ONQ IB - ONEQ 6/7/2005 $4.60 7/13/2005 $5.20 11.96% 36 121.26%
DBJ IT - MDY 6/7/2005 $4.60 7/13/2005 $6.80 46.74% 36 473.92%
SPY IM 5/20/2005 $5.20 7/13/2005 $6.40 21.96% 54 148.40%
AVCT 2/1/2005 $23.86 7/13/2005 $28.97 21.08% 162 47.50%
HANS 6/15/2005 $81.08 7/22/2005 $91.56 12.76% 37 125.85%
LDG 5/5/2005 $37.44 7/27/2005 $43.90 16.99% 83 74.70%
KOMG 6/23/2005 $29.95 7/27/2005 $30.98 3.22% 34 34.53%
ALDA 5/20/2005 $23.00 7/28/2005 $26.60 15.43% 69 81.60%
ADSK 6/6/2005 $37.65 7/28/2005 $34.50 (8.63%) 52 (60.59%)
MIK 6/22/2005 $41.70 7/28/2005 $41.06 (1.85%) 36 (18.80%)
JOSB 5/19/2005 $36.18 8/4/2005 $41.46 14.41% 77 68.31%
AYE 5/20/2005 $23.75 8/4/2005 $28.45 19.58% 76 94.03%
RYL 5/23/2005 $65.40 8/5/2005 $77.00 17.58% 74 86.73%
BXP 5/23/2005 $68.02 8/5/2005 $72.01 5.72% 74 28.21%
URBN 6/2/2005 $55.00 8/5/2005 $57.00 3.45% 64 19.70%
BMHC 6/6/2005 $64.16 8/5/2005 $74.50 15.80% 60 96.14%
HOV 6/27/2005 $63.70 8/5/2005 $65.90 3.24% 39 30.37%
SWN 7/18/2005 $49.67 8/5/2005 $53.60 7.71% 18 156.36%
FRK 7/18/2005 $51.11 8/5/2005 $53.50 4.42% 18 89.54%
SU 7/18/2005 $47.92 8/5/2005 $55.00 14.50% 18 293.96%
POT 7/18/2005 $100.80 8/5/2005 $108.00 6.94% 18 140.82%
ORLY 6/28/2005 $29.00 8/12/2005 $29.80 2.53% 45 20.51%
AEOS 6/28/2005 $31.40 8/19/2005 $28.00 (11.15%) 52 (78.24%)
MANT 7/26/2005 $31.66 8/22/2005 $26.99 (15.07%) 27 (100.00%)
UCJ AE - CWTR 8/10/2005 $4.60 8/26/2005 $7.10 53.08% 16 1210.90%
RRC LF 7/14/2005 $4.00 9/2/2005 $6.00 48.51% 50 354.09%
OIS 8/19/2005 $30.59 9/2/2005 $33.50 9.30% 14 242.34%
SUN 8/19/2005 $62.41 9/2/2005 $76.22 21.91% 14 571.34%
HOC 7/18/2005 $46.20 9/2/2005 $55.75 20.45% 46 162.30%
EOG JL 7/14/2005 $5.40 9/2/2005 $7.30 33.80% 50 246.75%
AAP 8/10/2005 $69.65 9/2/2005 $57.99 (17.03%) 23 (100.00%)
ACL KB 7/14/2005 $10.00 9/7/2005 $12.90 27.51% 55 182.53%
AVT 8/2/2005 $26.35 9/7/2005 $24.80 (6.10%) 36 (61.84%)
ATMI 8/2/2005 $32.20 9/7/2005 $30.25 (6.30%) 36 (63.92%)
KOSP 8/10/2005 $74.83 9/15/2005 $65.80 (12.33%) 36 (100.00%)
BBY 8/10/2005 $50.25 9/15/2005 $44.27 (12.10%) 36 (100.00%)
DNA 7/26/2005 $86.73 9/19/2005 $88.00 1.23% 55 8.19%
POT 9/6/2005 $109.85 9/19/2005 $100.00 (9.15%) 13 (100.00%)
NBL 9/14/2005 $44.25 9/19/2005 $45.76 3.20% 5 233.48%
ORCT 6/28/2005 $26.45 9/19/2005 $24.64 (7.03%) 83 (30.92%)
UHCO 7/26/2005 $24.11 9/20/2005 $23.00 (4.94%) 56 (32.17%)
SPDV 5/3/2005 $1.59 9/21/2005 $1.63 1.95% 141 5.05%
CNXS 7/18/2005 $24.10 9/21/2005 $26.91 11.38% 65 63.92%
NXY 9/14/2005 $46.55 9/22/2005 $48.00 2.90% 8 132.33%
BTU 9/8/2005 $72.86 9/23/2005 $80.30 9.94% 15 241.80%
JLG 8/9/2005 $30.70 9/23/2005 $32.90 6.95% 45 56.37%
GMXR 9/8/2005 $20.45 9/23/2005 $20.95 2.12% 15 51.57%
GRP 9/6/2005 $36.25 9/23/2005 $39.47 8.61% 17 184.80%
UNH 5/27/2005 $48.51 9/26/2005 $55.42 14.04% 122 42.00%
CERN 8/19/2005 $77.36 9/26/2005 $81.00 4.53% 38 43.54%
TS 9/6/2005 $118.55 9/30/2005 $138.51 16.67% 24 253.50%

Weighted Average
 5.61% 46.04 44.48%

Q2 - 2005

Trades Closed Q2 2005
Buy
 Sell
 Gain/Loss
Symbol Date Price Date Price Percent Days APR
AAPL 3/17/2005 $42.59 4/13/2005 $41.45 (2.98%) 27 (40.32%)
WLT 3/24/2005 $44.10 4/13/2005 $42.86 (2.99%) 20 (54.62%)
AEOS 3/29/2005 $28.35 4/15/2005 $27.44 (3.74%) 17 (80.27%)
PNRA 4/5/2005 $57.85 4/18/2005 $54.00 (6.83%) 13 (100.00%)
WSO 4/14/2005 $42.00 4/18/2005 $40.00 (4.95%) 4 (100.00%)
BHS 3/24/2005 $42.00 4/18/2005 $40.00 (4.95%) 25 (72.30%)
USNA 4/19/2005 $47.74 4/20/2005 $45.00 (5.97%) 1 (100.00%)
BYD 4/5/2005 $53.60 4/21/2005 $49.19 (8.41%) 16 (100.00%)
LCAV 4/14/2005 $33.73 4/27/2005 $39.07 15.67% 13 439.93%
BEBE 4/20/2005 $35.65 4/29/2005 $31.80 (11.02%) 9 (100.00%)
HANS 4/25/2005 $59.63 4/29/2005 $53.95 (9.86%) 4 (100.00%)
CYH 4/19/2005 $34.67 5/2/2005 $36.37 4.71% 13 132.28%
OPMR 4/21/2005 $19.00 5/20/2005 $17.51 (8.03%) 29 (100.00%)
CVH 4/22/2005 $67.44 5/13/2005 $65.90 (2.48%) 21 (43.12%)
TRI 5/2/2005 $50.82 5/13/2005 $46.91 (7.89%) 11 (100.00%)
LPNT 5/4/2005 $44.67 5/13/2005 $42.00 (6.20%) 9 (100.00%)
MW 4/19/2005 $42.53 5/27/2005 $48.11 12.87% 38 123.65%
HCA 4/21/2005 $53.48 5/20/2005 $53.50 (0.15%) 29 (1.88%)
TCC 5/9/2005 $22.35 5/20/2005 $23.40 4.40% 11 146.00%
MOVI 4/19/2005 $27.52 5/27/2005 $31.33 13.60% 38 130.66%
CMTL 4/20/2005 $33.35 5/27/2005 $36.28 8.59% 37 84.79%
EEFT 5/20/2005 $30.23 5/27/2005 $26.52 (12.50%) 7 (100.00%)
BA 5/20/2005 $61.95 6/8/2005 $65.02 4.79% 19 92.10%
AAPL 6/2/2005 $39.77 6/10/2005 $36.45 (8.49%) 8 (100.00%)

Weighted Average (1.67%) 17.58 (34.73%)

Q1 - 2005

Trades Closed Q1 2005
Buy
 Sell
 Gain/Loss
Symbol Date Price Date Price Percent Days APR
GRMN 12/10/2004 $55.34 1/4/2005 $57.00 2.64% 25 38.52%
POT 10/19/2004 $62.06 1/5/2005 $77.50 24.72% 78 115.67%
URBN 12/2/2004 $43.19 1/5/2005 $42.86 (1.00%) 34 (10.69%)
BDK 10/19/2004 $78.85 1/6/2005 $84.00 6.20% 79 28.65%
MLS 11/11/2004 $56.70 1/6/2005 $60.00 5.36% 56 34.95%
SBUX 12/16/2004 $58.70 1/6/2005 $58.80 (0.12%) 21 (2.17%)
ADSK 10/19/2004 $25.13 1/7/2005 $33.55 33.24% 80 151.66%
RRGB 1/3/2005 $53.55 1/7/2005 $47.97 (10.66%) 4 (100.00%)
ADSK 1/10/2005 $34.92 1/11/2005 $31.76 (9.26%) 1 (100.00%)
CMTL 1/3/2005 $37.60 1/11/2005 $32.98 (12.51%) 8 (100.00%)
NSC 12/8/2004 $35.15 1/24/2005 $34.50 (2.04%) 47 (15.83%)
ARLP 1/24/2005 $71.90 2/2/2005 $72.09 (0.01%) 9 (0.50%)
NTAP 12/30/2004 $32.68 2/2/2005 $31.69 (3.23%) 34 (34.71%)
PCSA 1/18/2005 $37.12 2/2/2005 $36.61 (1.64%) 15 (39.92%)
HUM 1/18/2005 $32.77 2/22/2005 $32.00 (2.60%) 35 (27.11%)
AIQ 1/18/2005 $13.83 2/22/2005 $11.85 (14.79%) 35 (100.00%)
MGG 1/10/2005 $74.25 2/23/2005 $74.02 (0.54%) 44 (4.50%)
BXG 2/14/2005 $23.50 3/4/2005 $17.26 (26.84%) 18 (100.00%)
LFL 2/25/2005 $35.65 3/7/2005 $33.40 (6.45%) 10 (100.00%)
AAPL 1/3/2005 $31.74 3/8/2005 $40.50 27.39% 64 156.23%
DRQ 3/1/2005 $31.00 3/8/2005 $36.40 17.07% 7 890.05%
CNC 3/1/2005 $33.46 3/9/2005 $32.36 (3.61%) 8 (100.00%)
RYL 1/10/2005 $56.95 3/9/2005 $65.84 15.31% 58 96.32%
MTH 1/3/2005 $55.39 3/9/2005 $68.90 24.16% 65 135.65%
AGP 1/24/2005 $39.66 3/9/2005 $39.50 (0.77%) 44 (6.41%)
BZH 1/10/2005 $140.67 3/9/2005 $161.00 14.31% 58 90.06%
ATW 2/25/2005 $68.95 3/10/2005 $63.80 (7.61%) 13 (100.00%)
BRY 2/23/2005 $59.07 3/10/2005 $55.30 (6.55%) 15 (100.00%)
NX 2/23/2005 $55.18 3/10/2005 $57.45 3.93% 15 95.70%
PHS 1/18/2005 $61.26 3/10/2005 $62.26 1.31% 51 9.35%
BLUD 2/14/2005 $30.97 3/10/2005 $31.06 0.07% 24 1.02%
SNSA 1/3/2005 $29.50 3/22/2005 $36.36 23.03% 78 107.79%
AEOS 10/19/2004 $19.38 3/22/2005 $26.86 38.15% 154 90.42%
TIE 3/17/2005 $38.00 3/28/2005 $36.01 (5.41%) 11 (100.00%)
KWK 3/18/2005 $50.34 3/30/2005 $45.43 (9.95%) 12 (100.00%)
CLF 3/17/2005 $74.89 3/30/2005 $69.33 (7.67%) 13 (100.00%)
FFIV 3/18/2005 $54.26 3/30/2005 $51.02 (6.16%) 12 (100.00%)
DO 3/17/2005 $48.84 3/30/2005 $46.63 (4.73%) 13 (100.00%)

Weighted Average 2.27% 33.11548 25.01%

Q4 - 2004

Trades Closed Q4 2004
Buy
 Sell
 Gain/Loss
Symbol Date Price Date Price Percent Days APR
RGF 10/19/2004 $39.50 10/20/2004 $37.42 (5.59%) 1 (2042.06%)
BSTE 10/19/2004 $50.60 10/25/2004 $48.00 (5.65%) 6 (343.82%)
COO 10/19/2004 $68.42 10/25/2004 $66.00 (3.68%) 6 (224.05%)
DNR 10/19/2004 $25.70 10/28/2004 $24.40 (5.40%) 9 (218.81%)
OCLR 10/19/2004 $47.80 11/12/2004 $48.50 1.26% 24 19.09%
URBN 10/19/2004 $37.65 11/30/2004 $42.47 12.45% 42 108.18%
SU 11/11/2004 $33.60 12/2/2004 $32.44 (3.71%) 21 (64.49%)
SWN 10/19/2004 $43.58 12/27/2004 $49.00 12.21% 69 64.58%
CNT 11/11/2004 $46.40 12/29/2004 $48.39 4.01% 48 30.48%

Weighted Average
 0.31% 24.66 4.52%

Prior to the above information, over about 6 months, the results of trading were Loss of about 3% overall for invested funds.