Scouter PS 12/19/08

1 FE 10
2 PM 10
3 INTC 9
4 GE 9
5 JNJ 9
6 KO 9
7 MO 9
8 PFE 9
9 WMT 9
10 WIN 9
11 BMY 9
12 T 9
13 LEG 8
14 MSFT 8
15 FTR 8
16 HD 8
17 QCOM 8
18 SLB 8
19 SO 8
20 AAPL 8
21 RRD 8
22 TWX 8
23 STI 7
24 UPS 7
25 TGT 7
26 MRK 7
27 MRO 7
28 MAS 7
29 SPG 6
30 FDX 5
31 BAC 4
32 FRP 3
33 WB 1

Scouter PS 12/03/08

1 FE 10
2 INTC 10
3 PM 10
4 GE 9
5 JNJ 9
6 KO 9
7 LEG 9
8 MO 9
9 MSFT 9
10 PFE 9
11 WMT 9
12 FTR 8
13 HD 8
14 QCOM 8
15 SLB 8
16 SO 8
17 WIN 8
18 BMY 7
19 STI 7
20 T 7
21 UPS 7
22 AAPL 6
23 FDX 6
24 RRD 6
25 TGT 6
26 MRK 5
27 MRO 5
28 MAS 4
29 TWX 4
30 BAC 3
31 FRP 3
32 SPG 3
33 WB 1

C Fund Activity through 07/25/08

7/21/08 sell 5000 SWIM @ 7.07
7/21/08 sell 1600 RYAAY @ 32.26
7/21/08 buy 3500 SIMO @ 13.57
7/21/08 buy 2500 PLLL @ 17.15
7/22/08 buy 700 PXP @ 62.47


STOCKS $ 899,843.55
CASH $ 57,914.21
TOTAL $ 957,757.76

NAV $ 9.58


alpha 1.93
beta 1.09
R-sq 0.68

C Fund Activity through 07/18/08

7/14/08 sell 2400 GKK @ 10.05
7/14/08 buy 2100 RRGB @ 24.17
7/14/08 buy 1100 TEX @ 44.50


STOCKS $ 864,169.51
CASH $ 105,451.94
TOTAL $ 969,621.45

NAV $ 9.70

alpha 3.44
beta 1.06
R-sq 0.67

C Fund Activity through 07/11/08

7/11/08 buy 700 QQQQ @ 44.05

STOCKS $ 779,405.09
CASH $ 178,824.98
TOTAL $ 958,230.07

NAV $ 9.58

alpha 4.16
beta 1.03
R-sq 0.63

C Fund Activity through 07/03/08

6/30/08 buy 500 CGX @ 49.38

STOCKS $763,250.03
CASH $ 210,040.23
TOTAL $ 973,290.26

NAV $ 9.73

alpha 6.85
beta 0.93
R-sq 0.56

C Fund Activity through 06/27/08

6/25/08 sell 1300 INFY @ 44.60
6/25/08 buy 5000 ADLR @ 5.46
6/26/08 buy 10,000 ATSI @ 2.28



STOCKS $ 781,701.58
CASH $ 234,708.37
TOTAL $ 1,016,409.95

NAV $ 10.16


alpha 7.37
beta 0.90
R-sq 0.49

C Fund Activity through 06/20/08

6/17/08 buy 2500 AUO @ $ 17.15

STOCKS $ 823,369.33
CASH $ 227,277.59
TOTAL $ 1,050,646.92

NAV $ 10.51

C Fund Activity through 06/13/08

6/17/08 buy 5431 ASBI @ 9.13

STOCKS $ 801,245.10
CASH $ 270,245.10
TOTAL $ 1,071,748.42


NAV $ 10.72

alpha 4.97
beta 0.97
R-sq 0.45

C Fund Activity through 06/06/08

6/02/08 sell 5000 SIL @ 6.87
6/02/08 buy 2600 AFSI @ 14.77

STOCKS $ 797,792.90
CASH $ 320,514.43
TOTAL $ 1,118,307.33

NAV $ 11.18

alpha 0.26
beta 1.07
R-sq 0.50

C Fund Activity through 5/30/08

5/27/08 sell 1560 ISH @ 23.62
5/27/08 sell 2200 NATL @ 20.71
5/27/08 buy 6000 RGEN @ 5.83

Alpha -1.85
Beta 1.10
R-sq 0.51

STOCKS $ 766,660.00
CASH $ 324,867.51
TOTAL $ 1,091,527.51

NAV $ 10.92

C Fund Activity through 5/23/08

No trades this week

Alpha - 8.49
Beta 1.18
R-sq 0.60

STOCKS $ 799,065.70
CASH $ 277,784.39
TOTAL $ 1,076,850.09

NAV $ 10.77

C Fund Activity through 5/16/08

5/12/08 sell 1250 CTV @ 51.23
5/12/08 sell 6000 CFW @ 7.06
5/12/08 buy 5600 QRCP @ 8.95


Alpha -12.16
Beta 1.15
R-sq 0.63

STOCKS $ 816,034.94
CASH $ 278,045.92
TOTAL $ 1,094,080.86

NAV $ 10.94

C Fund Activity through 5/09/08

5/05/08 sell 2800 AFFX @ 11.15
5/05/08 sell 1800 CTSH @ 33.32
5/05/08 sell 2000 NETL @ 33.83
5/05/08 sell 10000 DVAX @ 2.38
5/05/08 sell 4600 HTZ @ 13.14
5/06/08 sell 3800 CPII @ 11.71
5/05/08 buy 5000 SIL @ 9.91
5/05/08 buy 5000 HNR @ 9.91
5/05/08 buy 5000 SWIM @ 8.52
5/05/08 buy 6000 CFW @ 5.62


Alpha -15.83
Beta 0.99
R-sq 0.63

STOCKS $ 858,584.82
CASH $ 222,079.64
TOTAL $ 1,080,664.46

NAV $ 10.81

C Fund Activity through 5/02/08

4/28/08 sell 2100 NVDA @ $20.01
4/28/08 sell 4200 OPLK @ $10.02
4/28/08 buy 1400 CX @ $28.35


Alpha -21.83
Beta 0.90
R-sq 0.73


STOCKS $ 980,623.70
CASH $ 106,876.89
TOTAL $ 1,087,500.59

NAV $ 10.88

C Fund Activity through 4/25/08

4/21/08 sell 1400 BMY @ 22.00
4/21/08 sell 3000 CZN @ 10.34
4/21/08 buy 650 OMG @ 58.14
4/21/08 BUY 3400 HA @ 7.35

ALPHA -22.13
Beta 0.91
R-sq 0.72

STOCKS $966,723.50
CASH $62,596.93
TOTAL $1,029,320.43

NAV $10.29

C Fund Activity through 4/18/08

4/14/08 buy 2000 CPHL @ 10.87

Alpha -21.97
Beta 0.90
R-sq 0.69

STOCKS $ 958,533.10
CASH $ 63,953.84
TOTAL $ 1,022,486.94

NAV $ 10.22

C Fund Activity through 4/11/08

4/11/08

No trades this past week

Alpha -35.43
Beta 0.72
R-sq 0.66

STOCKS $ 892,525.10
CASH $ 80,776.68
TOTAL $ 973,301.78

NAV $ 9.73

C Fund Activity through 4/04/08

3/31/08 buy 10,000 DVAX @ 2.06
4/04/08 buy 3,000 CZN @ 10.87
4/04/08 buy 1,400 BMY @ 22.25


4/04/08

Alpha -29.88
Beta 0.72
R-sq 0.66

STOCKS $930,716.89
CASH $81,094.21
TOTAL $1,011,811.10

NAV $ 10.12

C FUND Activity through 3/28/08

3/24/08 buy 8,000 ABP @ 3.27

3/28/08

Alpha -17.43
Beta 0.71
R-sq 0.64


STOCKS $835,451.70
CASH $165,798.78
TOTAL $1,001,250.48

NAV $10.01

C Fund Activity through 3/21/08

3/17/08 sell 10,000 SCLN @ 1.83
3/17/08 buy 4,600 HTZ @ 10.15
3/17/08 buy 2,200 NATL @ 21.97
3/18/08 sell 15,000 IMNY @ 2.61
3/20/08 sell 10,000 PTIX @ 4.43

3/20/08

Alpha -34.29%
Beta 0.67%
R-sq 0.66

STOCKS $800,962.10
CASH $192,415.47
TOTAL $993,377.57

NAV $ 9.93

C Fund Activity through 3/14/08

3/10/08 sell 2300 ESC @ 23.09
3/10/08 buy 2800 AFFX @ 17.36
3/10/08 buy 1300 INFY @ 35.81

3/14/08

Alpha -45.69%
Beta 0.03%
R-sq 0.04

STOCKS $790,422.10
CASH $186,121.46
TOTAL $976,543.56

NAV $9.77

C Fund Activity through 3/07/08

2/25/08 sell SYNT 1800 @ $28.95
sell ACGY 2600 @ $21.01
3/03/08 sell MCGC 4100 @ $11.99
buy SCLN 10,000 @ $2.05
buy RMTR 7,000 @ $3.89

3/07/08

Alpha -40.82%
Beta 0.52%
R-Squared 0.43%

STOCKS $761,264.90
CASH $228,211.92
TOTAL $989,476.82

NAV $9.89

C Fund Activity through 2/29/08

2/25/08
sell SYNT 1800 @ $28.95
sell ACGY 2600 @ $21.01

2/29/08

Alpha -6.04%
Beta 0.49%
R-Squared 0.40%

STOCKS $797,638.20
CASH $227,039.75
TOTAL $1,024,677.95

NAV $ 10.25

C Fund Activity through 2/22/08

2/19/08 sell LAYN 1300 @ 37.95
sell RES 4800 @ 12.10
buy CTV 1250 @ 40.16
buy GKK 2400 @ 21.08
2/20/08 buy RAMS 7100 @ 6.92

2/22/08
Alpha 8.30%
Beta 0.46%
R-Squared 0.32%

STOCKS $915,547.30
CASH $120,725.68
TOTAL $1,036,272.98

NAV $10.36

C Fund Activity through 2/15/08

2/11/08
Sell FUL 2500 @21.11
Buy RYAAAY 1600 @ 31.30
NETL 2000 @ 23.87
FRP 4800 @ 10.30

FUND positions by SECTORS:

INFORMATION TECH 52.44% ** INDUSTRIALS 15.83% ** ENERGY 13.35% ** HEALTH CARE 6.56% ** FINANCIALS 6.21% ** TELECOMMUNICATIONS 5.61%

FUND position by STYLE:

MICRO CAP VALUE 16.74%
GROWTH 3.76%
BLEND 17.10%
SMALL CAP VALUE 6.10%
GROWTH 5.80%
BLEND 5.71%
MID CAP GROWTH 10.92%
BLEND 6.63%
LARGE CAP GROWTH 11.47%
UNCLASSIFIED 15.77%

2/15/08
STOCK VALUE $884,309.80
CASH $163,469.86

TOTAL $1,047,779.66 NAV $10.48

NEW C Fund

A new C Fund was started on Jan 18, 2008. It is based on the Top 10 Picks list of stocks (www.top10picks.blogspot.com)
which are based on a series of mathematical and statistical calculations. Each C Fund stock is evaluated once a week to determine its maximum potential while minimizing its risk over the next 6 months. Initially, this virtual fund was capitalized with $1,000,000 (100,000 shares @ $10 each).


The initial purchases were:

LAYN 1300 @ $37.55 = $48,815.00
SYNT 1800 @ $27.38 = $49,284.00
NVDA 2100 @ $23.42 = $49,182.00
OPLK 4200 @ $11.69 = $49,098.00
COH 2000 @ $25.03 = $50,052.60
CTSH 1800 @ $26.70 = $48,061.20
AIT 2200 @ $22.46 = $49,043.60
ISH 1560 @ $20.25 = $31,583.00
1/18/08 STOCKS $377,286.60
CASH $624,520.53
PRICE $ 10.02

1/28/08
sell COH 2000 @ $30.10
buy FUL 2500 @ $18.74
buy AAPL 380 @ $128.17
buy ACGY 2600 @ $19.07
buy MCGC 4100 @ $11.73
buy ESC 2300 @ $22.01
buy RES 4800 @ $10.22
STOCKS $645,872.20
CASH $391,453.10
share price $10.37

2/04/08 sell AIT 2200 @ $30.06
2/04/08 buy CPII 3800 @ $13.10
2/05/08 buy IMNY 15,000 @ $3.01
2/06/08 buy SPY 400 @ $133.05
2/07/08 buy PTIX 10,000 @ $5.06
2/07/08 STOCKS $769,606.52
CASH $258,378.88
share price $ 10.28