June 2, 2009

CONSIDER ADDING 10% TO SP500 SHORT AT 947.5

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CONSIDER PARTIAL SELL ON GOLD

Gold is approaching our target of $985. Consider sell on 70% of our DGP position. around $22.20 We scaled out of 10% position much earlier. This will leave us with 20% of the position . Consider a tight stop

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CONSIDER ADDITIONAL SELL ON S (SPRINT)

Consider exiting 80% of our total position here around $5 and tight stop on the rest. There may be a sell off after launch of Palm Pre

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CONSIDER ADDING TO SHORT POSITION ON QDEL

Consider adding to short position on QDEL right here around $13.60 to 14. add more on spikes.

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CONSIDER ADDING TO SHORT POSITIONS ON AUTO PARTS RETAILERS

Consider adding to short positions on AZO around $158.15, AAP around $44.8 and ORLY around $38.11. Add more on spikes up

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CONSIDER ADDITIONAL 10% SHORT SELL ON SP500

Consider short sell on additional 10% SP500 futures right here at 942.5

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CONSIDER SELL ON ARST (ARC SIGHT)

Our indicators are flashing sell signal on ARST. Consider selling the entire remaining position right here around $17.05

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CONSIDER SELL ON ENTIRE POSITIONS ON HMA AND THC

Centers for Medicare and Medicaid Services, or CMS, issued late on May 29, 2009 proposed regulatory changes regarding Medicare reimbursement for long-term acute care hospitals.CMS issued an interim final rule in which CMS is revising the relative payment weights that would apply to all discharges occurring between June 1, 2009 and September 30, 2009.

Based on our analysis of the new rules,consider sell on entire remaining position on HMA right here around $6.08 and on THC around $3.77.

Our average cost on HMA is $1.38 and $1.11 on THC. These have turned out to be great trades.

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