Current Positions for 4/10

CURRENT LONG OPEN POSITIONS
STOCK...............DATE...........PRICE....................
SPG................04/03/06........83.75
AKZOY.............04/04/06........53.82










*Means half the original stake has been liquidated.


CURRENT SHORT OPEN POSITIONS
DATE,,,,,,,,,,,,,,,,,,,STOCK.......................PRICE
03/20/06...............CVX.........................56.95
03/21/06...............MS..........................60.15
03/21/06...............RTP........................190.70
03/21/06...............PD..........................73.50
03/21/06...............HAWK........................12.71
03/27/06...............SNE.........................44.99
03/28/06...............AMAT........................17.44
03/28/06...............TSN.........................13.80
3/31/06...............SNDK.........................58.22
04/03/06..............CCJ..........................37.30
04/04/06..............ARLP.........................35.10
04/05/06..............SNPS.........................21.86
04/06/06..............FNM..........................53.65


OPEN POSITIONS: -8.6%
COMPLETED LONG POSITIONS THIS YEAR

STOCK .. DATE.......... PRICE....DATE SOLD ..SELL PRICE.....% ...DAYS HELD

NOV.......12/21/05......64.55.....01/06/06........68.42...............5.99...11
FD........12/08/05......67.35.....01/05/06........68.69...............1.99...28
ABX.......11/17/05......27.15.....01/10/06........29.38...............8.21...54
VLO.......01/04/06......53.60.....01/11/06........56.89...............6.14....7
ACL.......12/05/06.....143.46.....01/11/06.......135.59..............-5.49...37
BBD.......01/04/06......31.55.....01/12/06........32.37...............2.60....8
MCHP......01/06/06......33.10.....01/13/06........34.21...............3.35....7
MC........12/23/05......19.77.....01/17/06........21.36...............8.04...25
GS........01/10/06.....130.05.....01/17/06.......132.00...............1.50....7
*BRCM.....01/25/06......58.30.....01/27/06........69.69...............9.76....2
*CGA......01/24/06......11.15.....01/27.06........12.70...............8.29....3
COH.......01/10/06......34.00.....01/30/06........35.75...............5.14...20
STT.......01/19/06......59.00.....02/01/06........60.38...............2.33...13
AKZOY.....01/20/06......46.90.....02/02/06........49.09...............4.66...13
*CGA......01/24/06......11.15.....02/01/06........12.66...............6.32....8
*BRCM.....01/25/06......58.30.....01/30/06........67.70...............8.06....5
UPS.......12/22/05......77.00.....02/15/06........75.51..............-1.90...55
LOW.......01/11/06......65.91.....02/16/06........66.90...............1.50...36
NTAP......02/01/06......31.41.....02/16/06........33.84...............7.73...15
BBD.......02/07/06......37.08.....02/15/06........38.14...............2.85....8
CYH.......01/17/06......38.55.....02/21/06........38.23..............-0.83...35
MHS.......01/19/06......56.40.....02/21/06........56.77...............0.65...33
TMX.......01/25/06......24.00.....02/23/06........22.53..............-6.12...29
CX........02/15/06......59.67.....02/23/06........62.62...............4.94....8
CDE.......02/21/06.......5.25.....02/21/06.........5.423..............3.29....1
EMC.......01/05/06......13.98.....02/28/06........14.22...............1.79...54
NIPNY.....02/22/06.......6.10.....02/28/06.........6.1828.............1.32....6
SNDK......02/27/06......59.16.....02/27/06........61.14...............3.34....1
POZN......02/27/06......16.8558...03/01/06........17.4828.............3.71....4
FSL.......03/01/06......27.18.....03/01/06........27.69...............1.87....1
PAAS..... 03/02/06......23.05.....03/02/06........23.88...............3.60....1
BRCM......03/08/06......46.35.....03/08/06........46.86...............1.10....1
CAJ.......03/16/06......63.68.....03/17/06........64.25...............0.89....2
PG........03/08/06......61.02.....03/14/06........60.19..............-1.36....6
PNK.......02/28/06......28.12.....03/13/06........30.14...............7.18...14
GLW.......03/14/06......25.84.....03/16/06........27.91...............8.01....3
BBY.......03/08/06......53.94.....03/16/06........57.04...............5.74....8
RTP.......02/07/06.....207.88.....03/17/06.......191.91..............-7.68...38
WAG.......03/08/06......44.06.....03/16/06........45.25...............2.70....8
STT.......03/09/06......62.08.....03/17/06........62.98...............1.44....8
FSL.......03/09/06......26.50.....03/21/06........27.25...............2.83...12
BBL.......02/21/06......35.34.....03/20/06........34.46..............-2.55...28
CRYP......03/16/06......24.99.....03/23/06........25.15...............0.64....7
UMC.......12/27/05.......3.33.....03/30/06.........3.36...............0.90...94
PDS.......01/23/06......34.98.....03/27/06........32.35..............-7.5....63
ESV.......02/06/06......50.09.....03/27/06........49.54..............-1.09...49
FRE.......02/23/06......68.10.....03/28/06........63.59..............-6.62...33
SNDK......03/01/06......61.41.....03/29/06........58.78..............-4.28...30
BBY.......03/28/06......54.98.....03/29/06........55.55...............1.03....1
MCHP......03/02/06......36.43.....03/29/06........35.49..............-2.58...27
SNPS......03/02/06......22.30.....04/03/06........22.31...............0.04...31
VZ........03/13/06......34.65.....04/03/06........34.61..............-0.11...21
AMR.......04/03/06......27.27.....04/04/06........27.67...............1.47....1
TS........04/03/06......185.20....04/05/06.......189.78...............2.31....1
PCU.......04/05/06.......89.29....04/06/06........92.53...............3.62....1
CMVT......03/13/06.......29.07....04/03/06........23.42.............-19.43....21

Long Return for 2006
Winning trades 41
Average: %3.72
Losing trades 13
Average: %-4.98


Average Trade:1.6255%
Average Days Held: 18.2 (including non trading days)
Total Trades:54

COMPLETED SHORT POSITIONS THIS YEAR

STOCK .. DATE.......... PRICE....EXIT DATE ..EXIT PRICE.....% ...DAYS HELD

KBH......12/01/05.......69.21...01/03/06......73.00.........-5.47...34
CHB......01/13/06.......13.46...01/17/06......13.12..........2.52....4
MBT......01/18/06.......37.00...01/18/06......36.36..........1.46....1
CWTR.....01/08/06.......21.00...01/23/06......20.38..........2.95...15
CMX......01/13/06.......51.55...01/24/06......50.66..........1.72....9
DCX......01/18/06.......52.75...01/24/06......54.74.........-3.77....6
CNX......01/30/06.......72.65...02/03/06......70.13..........3.46....4
NSM......02/02/06.......28.34...02/02/06......27.56..........2.75....1
SNV......01/31/06.......27.77...02/06/06......26.98..........2.84....7
HBAN.....02/02/06.......22.99...02/08/06......23.07..........-.34....5
NSM......02/21/06.......27.88...02/22/06......27.42..........1.64....1
FPL......02/15/06.......41.36...03/03/06......40.84..........1.25...16
CHKP.....02/28/06.......21.65...02/08/06......21.1299........2.40....1
SNV......02/15/06.......27.65...03/08/06......27.57..........0.20...24
GOOG.....02/22/06......365.81...03/08/06.....355.10..........2.92...14
PBR......02/22/06.......89.51...02/28/06......87.93..........1.76...6
IBM......02/23/06.......80.73...03/09/06......81.11..........0.47...14
ERICY....02/23/06.......34.71...03/10/06......33.90..........2.33...15
TOL......02/28/06.......32.70...03/08/06......31.30..........4.28...9
DOW......03/02/06.......43.52...03/08/06......42.42..........2.52...6
CMCSA....03/06/06.......26.99...03/10/06......26.26..........2.70...4
AMP......03/20/06.......45.65...03/21/06......44.29..........2.98...1
DHI......03/20/06.......34.36...03/21/06......32.95..........4.10...1
GGP......03/31/06.......50.61...04/03/06......48.91..........3.36...4
CMCSA....03/20/06.......26.87...04/03/06......26.30..........2.12..14
AET......03/30/06.......50.11...04/04/06......48.51..........3.19...5





Short Return for 2006
Winning Trades: 23
Average trade: %2.41
Losing Trades: 3
Average Trade %-3.19


Average Trade: 1.76%
Averade Days Held: 8.44
Total Trades: 26



*MEANS HALF THE ORIGINAL STAKE WAS LIQUIDATED ON THIS DATE, THE RETURN THEREFORE WAS DIVIDED IN HALF FOR THE RETURN TO DATE CALCUALTIONS.