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OUR BUY SIGNAL IN THE FACE OF MULTIPLE DOWNGRADES BY THE WALL STREET ON $BSX (BOSTON SCIENTIFIC) HAS PROVEN TO BE THE CORRECT CALL

April 18, 2010

On March 15,2010 when Boston Scientific’s defibrillators were taken off the market, the Wall Street uniformly issued downgrades. Goldman Sachs downgraded to Conviction Sell.: JP Morgan said sell, Barron’s urged investors to sell and the sell chorus chimed throughout the Wall Street. More specifically, several Gurus pronounced that the products would not return to the market for several months. In the face of the Wall Street’s unanimous selling calls, we issues a buy signal — the fact that we were familiar with the manufacturing process added conviction to our call. More specifically, our analysis showed that the infractions were minor

CHINA INFLATION STAYS UNDER CONTROL

April 15, 2010

Consumer price inflation dipped to 2.4 %, from 2.7 % in February, and factory-gate inflation accelerated from 5.4 % to 5.9 % in March. These numbers give the authorities breathing room before having to take measures to cool the economy. We will be watching fund flows and technicals to see if a change to ZYX Multi-Asset Global Allocation is warranted at this time. For the time being, the model continues to be long Yuan, Taiwanese equities and Asian residential real estate, and short on copper and Chinese equities. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD

CHINA TO REPORT GDP TONIGHT

April 14, 2010

China is expected to report GDP growth of 11.9% tonight. For reference, GDP growth rates for the last four quarters have been 6.2%, 7.9%, 9.1% and 10.7%. While most market strategists are focused on the GDP, the key question for our ZYX Multi-Asset Global Allocation Model is the inflation rate. In our last allocation model update, we projected rising inflation and rising interest rates in China. Such a scenario will benefit most of the Asia, but will work against China. Our allocation reflects this scenario in being short Chinese equities, long Taiwanese equities, long Chinese Yuan and short copper .

ADDING TO $ACOR (ACORDA THERAPEUTICS) SHORT SALE POSITION HERE AT $38.15

April 14, 2010

www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING VERIFIABLE PERFORMANCE RECORD Every closed trade since 2007, without exception, is included in the performance results. Number of winning positions: 162 Number of losing positions: 10 Average annualized % return per position: 296.77% ………………Check out details .

ADDING TO $VECO (VECO INSTRUMENTS) SHORT SALE POSITION

April 14, 2010

As per the plan, we are adding another 5% short right here at $49.30 to our existing 10% short on $VECO (Veeco Instruments). Now we are short 15% of the typical position size. The plan is to continue to lightly scale in as the stock goes higher. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING VERIFIABLE PERFORMANCE RECORD Every closed trade since 2007, without exception, is included in the performance results. Number of winning positions: 162 Number of losing positions: 10 Average annualized % return per

$JEC (JACOBS ENGINEERING GROUP) TAKE OVER RUMOR DOES NOT MAKE SENSE

April 9, 2010

$JEC is up strongly on a rumor of potential take over by a private equity firm. We know nothing about the validity of the rumor. However, we have carefully looked at the debt structure of the company and our analysis shows that this company does not fit the profile of a typical private equity acquisition. Aggressive accounts willing to take a loss, should we be wrong ,may consider lightly short selling $JEC right here around $47.30 to 48 based on technicals. Lightly add if the stock spikes higher. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD

SHORT COVERING ON $VECO (VEECO INSTRUMENTS)

April 6, 2010

Up move in $VECO yesterday was triggered by $UBS recommendation on $CREE (Cree). CREE is the preeminent LED manufacturer and one of the business lines of $VECO is to supply equipment to LED manufacturers. Our proprietary indicators show that big move in $VECO is short covering. We will scale in another 5% of the full position right here at $47.80 to add to our existing 5% position. We will scale in more shorts if the stock goes higher. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING

ZYX MULTI-ASSET GLOBAL ALLOCATION MODEL Q1 2010 PERFORMANCE REVIEW

April 5, 2010

The model gives precedence to risk control over potential rewards. The model is designed to maximize risk adjusted returns over a long period of time. The model is not designed to maximize absolute returns over short periods of time. During Q1 2010, the model stayed true to its design of giving low risk precedence over return. VERY LOW RISK PROFILE During the quarter, the model maintained a very low risk profile consistent with its design. Diversification across 10 categories/sub-categories Short position in Chinese equities was completely hedged with Taiwanese equities Long position in US large cap equities was completely hedged