The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMR CORP Common 001765106 81 20,000 SH   SOLE   20,000 0 0
BARRICK GOLD Common 067901108 3,083 195,850 SH   SOLE   195,850 0 0
AMERICAN DAIRY INC Common 31429Y103 210 28,400 SH   SOLE   28,400 0 0
ASSISTED LIVING Common 04544X300 422 35,296 SH   SOLE   35,296 0 0
AMER GREETINGS Common 026375105 189 10,400 SH   SOLE   10,400 0 0
ARBITRON INC Common 03875Q108 534 11,500 SH   SOLE   11,500 0 0
AMERISTAR CASINO Common 03070Q101 526 20,000 SH   SOLE   20,000 0 0
ASIAINFO HLDGS Common 04518A104 219 19,000 SH   SOLE   19,000 0 0
STRATEGIC HOTEL RESORTS Common 86272T106 177 20,000 SH   SOLE   20,000 0 0
BGC PARTNERS INC Common 05541T101 90 15,300 SH   SOLE   15,300 0 0
BUCKEYE TECH Common 118255108 556 15,000 SH   SOLE   15,000 0 0
BELO Common 080555105 140 10,000 SH   SOLE   10,000 0 0
BMC SOFTWARE Common 055921100 839 18,600 SH   SOLE   18,600 0 0
BERRY PETROLEUM Common 085789105 296 7,000 SH   SOLE   7,000 0 0
CLEARWIRE CORP Common 18538Q105 275 55,000 SH   SOLE   55,000 0 0
CNH GLOBAL Common N20935206 625 15,000 SH   SOLE   15,000 0 0
CRITICAL THERAPHY Common 21924P103 92 11,500 SH   SOLE   11,500 0 0
DELL Common 24702R101 633 47,500 SH   SOLE   47,500 0 0
DISCOVERY HLDG A Common 25470F302 349 5,000 SH   SOLE   5,000 0 0
DOLE FOOD Common 256603101 210 16,500 SH   SOLE   16,500 0 0
ELAN Common 284131208 417 29,500 SH   SOLE   29,500 0 0
EMULEX Common 292475209 65 10,000 SH   SOLE   10,000 0 0
EXACT TARGET Common 30064K105 1,094 32,453 SH   SOLE   32,453 0 0
FLOW INTERNATIONAL Common 343468104 72 19,558 SH   SOLE   19,558 0 0
FISHER COMMS Common 337756209 657 16,000 SH   SOLE   16,000 0 0
SANOFI SYNTHELAB Common 80105N113 19 10,000 SH   SOLE   10,000 0 0
GARDNER DENVER Common 365558105 1,316 17,500 SH   SOLE   17,500 0 0
HUDSON CITY BCP Common 443683107 596 65,000 SH   SOLE   65,000 0 0
ZHONGPIN Common 98952K107 655 48,500 SH   SOLE   48,500 0 0
KEYNOTE SYSTEMS Common 493308100 296 15,000 SH   SOLE   15,000 0 0
MARKET LEADER INC Common 57056R103 375 35,000 SH   SOLE   35,000 0 0
LIFE TECH CORP Common 53217V109 969 13,100 SH   SOLE   13,100 0 0
LENDER PROCESSING SERV Common 52602E102 324 10,000 SH   SOLE   10,000 0 0
LUFKIN INDS Common 549764108 531 6,000 SH   SOLE   6,000 0 0
MULTIBAND Common 62544X209 174 55,000 SH   SOLE   55,000 0 0
MORGANS HOTEL GROUP CO Common 61748W108 121 15,000 SH   SOLE   15,000 0 0
MAGUIRE PROP Common 553274101 510 162,500 SH   SOLE   162,500 0 0
MET PRO Common 590876306 564 41,991 SH   SOLE   41,991 0 0
NTNL FINCL Common 63607P208 1,133 44,776 SH   SOLE   44,776 0 0
NTS REALTY Common 629422106 128 17,892 SH   SOLE   17,892 0 0
NETSPEND HOLDINGS Common 64118V106 479 30,000 SH   SOLE   30,000 0 0
NYSE GROUP Common 629491101 497 12,000 SH   SOLE   12,000 0 0
OFFICE DEPOT Common 676220106 39 10,000 SH   SOLE   10,000 0 0
PROLOR BIOTECH Common 74344F106 85 13,500 SH   SOLE   13,500 0 0
PIONEER SOUTHWEST ENERGY Common 72388B106 823 24,000 SH   SOLE   24,000 0 0
PVF CAPITAL Common 693654105 300 75,000 SH   SOLE   75,000 0 0
POWER ONE Common 73930R102 313 49,500 SH   SOLE   49,500 0 0
RUE21 INC Common 781295100 312 7,500 SH   SOLE   7,500 0 0
SPRINT NEXTEL CORP Common 852061100 456 65,000 SH   SOLE   65,000 0 0
SOUNDBITE Common 836091108 150 30,000 SH   SOLE   30,000 0 0
SMITHFIELD FOODS Common 832248108 468 14,300 SH   SOLE   14,300 0 0
SAKS Common 79377W908 8 100 SH Call SOLE   10,000 0 0
7 DAYS GROUP HLDG Common 81783J101 248 18,000 SH   SOLE   18,000 0 0
SMITH WESSON Common 831756101 130 13,000 SH   SOLE   13,000 0 0
SYMS CORP Common 871551107 25 10,218 SH   SOLE   10,218 0 0
TARO PHARM INDS Common M8737E108 252 4,500 SH   SOLE   4,500 0 0
THERAGENICS Common 883375107 98 47,500 SH   SOLE   47,500 0 0
TRU RELIGION Common 89784N104 301 9,500 SH   SOLE   9,500 0 0
UTSTARCOM HOLDINGS CO Common G9310A114 27 10,000 SH   SOLE   10,000 0 0
VA COMMERCE BNCP Common 92778Q109 629 45,091 SH   SOLE   45,091 0 0
VIVUS Common 928551100 201 16,000 SH   SOLE   16,000 0 0
WEBSENSE Common 947684106 210 8,500 SH   SOLE   8,500 0 0
WARNER CHILCOTT LTD Common G94368100 398 20,000 SH   SOLE   20,000 0 0
WMS INDUSTRIES Common 929297109 268 10,500 SH   SOLE   10,500 0 0
WHITEWAVE FOODS Common 966244204 494 32,500 SH   SOLE   32,500 0 0