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
ANAREN INC Common Stock 32744104 400 14,300 SH   SOLE   14,300 0 0
ASIAINFO - LINKAGE INC(NSM) Common Stock 04518A104 383 32,000 SH   SOLE   32,000 0 0
BRE PROPERTIES INC Common Stock 05564E106 230 4,200 SH   SOLE   4,200 0 0
BROOKFIELD OFFICE PROPERTIES[NYS Common Stock 112900105 481 25,000 SH   SOLE   25,000 0 0
CAMCO FINANCIAL CORP Common Stock 132618109 492 73,700 SH   SOLE   73,700 0 0
CAPITALSOURCE INC Common Stock 14055X102 431 30,000 SH   SOLE   30,000 0 0
COLE REAL ESTATE INVESTMENT REIT 19329V105 281 20,000 SH   SOLE   20,000 0 0
COLEMAN CABLE INC (NMS) Common Stock 193459302 262 10,000 SH   SOLE   10,000 0 0
COMCAST CORP-SPECIAL CL A(NSM) Common Stock 20030N200 249 5,000 SH   SOLE   5,000 0 0
COMPUWARE CORP Common Stock 205638109 168 15,000 SH   SOLE   15,000 0 0
CONSOLIDATED GRAPHICS INC Common Stock 209341106 665 9,867 SH   SOLE   9,867 0 0
CORNERSTONE THERAPEUTICS INC Common Stock 21924P103 204 21,500 SH   SOLE   21,500 0 0
COSTA INC Common Stock 22149T102 230 10,584 SH   SOLE   10,584 0 0
CUBIST PHARMACEUTIC-CVR W/I Right 229678123 34 25,000 SH   SOLE   25,000 0 0
EDWARDS GROUP LTD-SPON ADR ADR 281736108 420 41,300 SH   SOLE   41,300 0 0
EQUAL ENERGY LTD(NYS) Common Stock 29390Q109 75 13,985 SH   SOLE   13,985 0 0
FLOW INTL CORP Common Stock 343468104 323 80,000 SH   SOLE   80,000 0 0
GENTIUM SPA-SPONSORED ADR ADR 37250B104 286 5,000 SH   SOLE   5,000 0 0
GERBER SCIENTIFIC INC ESCROW Common Stock 37373ESC5 0 19,000 SH   SOLE   19,000 0 0
GIANT INTERACTIVE GROUP-ADR (NYS ADR 374511103 197 17,500 SH   SOLE   17,500 0 0
HARRIS INTERACTIVE INC Common Stock 414549105 44 22,100 SH   SOLE   22,100 0 0
HARRIS TEETER SUPERMARKETS I Common Stock 414585109 617 12,500 SH   SOLE   12,500 0 0
HEALTH MGMT ASSOCIATES INC-A Common Stock 421933102 524 40,000 SH   SOLE   40,000 0 0
HI-TECH PHARMACAL CO INC Common Stock 42840B101 260 6,000 SH   SOLE   6,000 0 0
HUDSON CITY BANCORP INC Common Stock 443683107 707 75,000 SH   SOLE   75,000 0 0
INVESTORS CAPITAL HOLDINGS(ASE) Common Stock 46147M108 77 10,700 SH   SOLE   10,700 0 0
ISOFTSTONE HOLDINGS LTD-ADS ADR 46489B108 84 16,500 SH   SOLE   16,500 0 0
JONES GROUP INC/THE Common Stock 48020T101 254 17,000 SH   SOLE   17,000 0 0
LSI CORP Common Stock 502161102 331 30,000 SH   SOLE   30,000 0 0
LEAP WIRELESS INTL INC Common Stock 521863308 348 20,000 SH   SOLE   20,000 0 0
LENDER PROCESSING SERVICES(NYS) Common Stock 52602E102 1,764 47,204 SH   SOLE   47,204 0 0
LIFE TECHNOLOGIES CORP (NSM) Common Stock 53217V109 1,145 15,100 SH   SOLE   15,100 0 0
LINN CO LLC (NSM) Common Stock 535782106 322 10,440 SH   SOLE   10,440 0 0
METROCORP BANCSHARES INC Common Stock 591650106 378 25,100 SH   SOLE   25,100 0 0
MORGANS HOTEL GROUP CO Common Stock 61748W108 122 15,000 SH   SOLE   15,000 0 0
MOTORS LIQUIDATION CO GUC TRUST Unit 62010U101 627 19,500 SH   SOLE   19,500 0 0
NTS INC (ASE) Common Stock 62943B105 68 34,500 SH   SOLE   34,500 0 0
NICHOLAS FINANCIAL INC Common Stock 65373J209 252 15,996 SH   SOLE   15,996 0 0
PAA NATURAL GAS STORAGE LP (NYS) MLP 693139107 1,137 49,432 SH   SOLE   49,432 0 0
PVR PARTNERS LP MLP 693665101 402 15,000 SH   SOLE   15,000 0 0
PACTERA TECHNOLOGY -ADR ADR 695255109 318 44,500 SH   SOLE   44,500 0 0
PALADIN LABS INC Common Stock 695942102 540 5,000 SH   SOLE   5,000 0 0
PERFORMANCE TECHNOLOGIES INC-NMS Common Stock 71376K102 75 20,000 SH   SOLE   20,000 0 0
QLT INC-(USD) Common Stock 746927102 81 14,500 SH   SOLE   14,500 0 0
RDA MICROELECTRON-SPON ADR ADR 749394102 554 31,000 SH   SOLE   31,000 0 0
RESPONSYS INC Common Stock 761248103 274 10,000 SH   SOLE   10,000 0 0
SANTARUS INC Common Stock 802817304 287 8,974 SH   SOLE   8,974 0 0
SPRINT CORP Common Stock 85207U105 162 15,100 SH   SOLE   15,100 0 0
STELLARONE CORP (NMS) Common Stock 85856G100 315 13,100 SH   SOLE   13,100 0 0
STERLING FINL CORP/SPOKANE(NAS) Common Stock 859319303 511 15,000 SH   SOLE   15,000 0 0
SYMS CORP (PNK)(DEL) Common Stock 871551107 25 10,218 SH   SOLE   10,218 0 0
SYNTROLEUM CORP [NAS] Common Stock 871630208 61 18,000 SH   SOLE   18,000 0 0
TIME WARNER CABLE INC Common Stock 88732J207 339 2,500 SH   SOLE   2,500 0 0
TOWER FINANCIAL CORP Common Stock 891769101 249 10,000 SH   SOLE   10,000 0 0
TRANSCEPT PHARMACEUTICALS INC Common Stock 89354M106 34 10,000 SH   SOLE   10,000 0 0
TRUNKBOW INTERNATIONAL HOLDI-NMS Common Stock 89818A102 79 60,000 SH   SOLE   60,000 0 0
VIRGINIA COMMERCE BANCORP Common Stock 92778Q109 944 55,591 SH   SOLE   55,591 0 0
VIROPHARMA INC Common Stock 928241108 623 12,500 SH   SOLE   12,500 0 0
VITRAN CORP INC(NSM) Common Stock 92850E107 314 48,500 SH   SOLE   48,500 0 0
VRINGO INC (NAS) Common Stock 92911N104 77 26,000 SH   SOLE   26,000 0 0
WRIGHT MEDICAL GROUP INC-CVR Right 98235T115 5 15,000 SH   SOLE   15,000 0 0
YONGYE INTERNATIONAL INC (NSM) Common Stock 98607B106 314 49,000 SH   SOLE   49,000 0 0
COASTAL ENERGY CO(TSE) Common Stock B0L57F7 328 18,500 SH   SOLE   18,500 0 0
BRIGUS GOLD CORP(TOR) Common Stock 109490102 119 150,000 SH   SOLE   150,000 0 0
LIBERTY GLOBAL PLC-SERIES C Common Stock G5480U120 632 7,500 SH   SOLE   7,500 0 0
TIBET PHARMACEUTICALS INC Common Stock G88615102 0 15,400 SH   SOLE   15,400 0 0
UTSTARCOM HOLDINGS CORP Common Stock G9310A114 28 10,000 SH   SOLE   10,000 0 0
ADMIRAL BAY RESOURCES INC Common Stock 007131204 0 265,050 SH   SOLE   265,050 0 0
BARRICK GOLD STK Common Stock 067901108 3,453 166,358 SH   SOLE   166,358 0 0
BLUE NOTE MINING INC Common Stock 09578V401 0 176,892 SH   SOLE   176,892 0 0
CASPIAN SERVICES INC Common Stock 14766Q107 15 536,313 SH   SOLE   536,313 0 0
CONSTELLATION COPPER CORP Common Stock 21036T209 0 356,915 SH   SOLE   356,915 0 0
ENHANCED OIL RESOURCES INC (TOURADJI) Common Stock 29333E106 15 216,659 SH   SOLE   216,659 0 0
GOBIMIN INC Common Stock 38020T102 55 150,945 SH   SOLE   150,945 0 0
KATANGA MINING LTD Common Stock 485847107 329 701,059 SH   SOLE   701,059 0 0
LEXINGTON RESOURCES INC Common Stock 529561102 0 3,000,000 SH   SOLE   3,000,000 0 0
STORM CAT ENERGY CORP Common Stock 862168101 0 155,467 SH   SOLE   155,467 0 0