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
AAR CORP COM 000361105 125 5,700 SH   SOLE   5,700 0 0
ACTUATE CORP COM 00508B102 2 320 SH   SOLE   320 0 0
Akamai Technologies, Inc CALL 00971T901 3 940 SH Call SOLE   940 0 0
Akamai Technologies, Inc CALL 00971T901 0 225 SH Call SOLE   225 0 0
ALTERA CORPORATION COM 021441100 3,794 115,000 SH   SOLE   115,000 0 0
AMAZON.COM INC COM 023135106 7,636 27,500 SH   SOLE   27,500 0 0
AMDOCS LTD COM 010510864 5,248 141,500 SH   SOLE   141,500 0 0
AMERICAN EXPRESS CO COM 025816109 5,009 67,000 SH   SOLE   67,000 0 0
Analog Devices Inc COM 032654105 8,787 195,000 SH   SOLE   195,000 0 0
APPLE INC COM 037833100 7 18 SH   SOLE   18 0 0
ARGAN INC COM 04010E109 11 700 SH   SOLE   700 0 0
ARMOUR RESIDENTIAL REIT INC WTS 042315119 5 510,197 SH   SOLE   510,197 0 0
Aruba Networks Inc COM 043176106 2,028 132,000 SH   SOLE   132,000 0 0
AUTOBYTEL INC COM 05275N106 382 80,000 SH   SOLE   80,000 0 0
AUTODESK INC COM 052769106 6,795 200,196 SH   SOLE   200,196 0 0
Autodesk, Inc CALL 052769906 27 1,000 SH Call SOLE   1,000 0 0
Autodesk, Inc CALL 052769906 24 2,000 SH Call SOLE   2,000 0 0
Autodesk, Inc CALL 052769906 7 1,000 SH Call SOLE   1,000 0 0
AVAGO TECHNOLOGIES COM 044643227 3,738 100,000 SH   SOLE   100,000 0 0
Avery Dennison Corp CALL 053611909 0 12 SH Call SOLE   12 0 0
Avery Dennison Corp CALL 053611909 21 460 SH Call SOLE   460 0 0
BAIDU INC SPON ADR 056752108 1,183 12,500 SH   SOLE   12,500 0 0
Baidu, Inc CALL 056752908 273 950 SH Call SOLE   950 0 0
BARNES & NOBLE INC COM 067774109 7 463 SH   SOLE   463 0 0
Broadcom Corp CALL 111320907 2 750 SH Call SOLE   750 0 0
Broadcom Corp CALL 111320907 0 350 SH Call SOLE   350 0 0
BroadSoft, Inc CALL 11133B909 7 559 SH Call SOLE   559 0 0
BroadSoft, Inc CALL 11133B909 4 362 SH Call SOLE   362 0 0
CBS CORP CL B 124857202 6,500 133,000 SH   SOLE   133,000 0 0
Check Point Software Technologies Ltd PUT M22465954 34 1,250 SH Put SOLE   1,250 0 0
Check Point Software Technologies Ltd PUT M22465954 16 250 SH Put SOLE   250 0 0
Check Point Software Technologies Ltd CALL M22465904 6 1,270 SH Call SOLE   1,270 0 0
CINTAS CORP COM 172908105 7,514 165,000 SH   SOLE   165,000 0 0
CISCO SYSTEMS INC COM 17275R102 8,882 365,000 SH   SOLE   365,000 0 0
Citrix Systems, Inc CALL 177376900 3 56 SH Call SOLE   56 0 0
Citrix Systems, Inc CALL 177376900 2 206 SH Call SOLE   206 0 0
Citrix Systems, Inc CALL 177376900 2 424 SH Call SOLE   424 0 0
COMCAST CORP CL A 200301101 1,002 24,000 SH   SOLE   24,000 0 0
CRAWFORD & CO CL B 224633107 69 12,300 SH   SOLE   12,300 0 0
CSG Systems International Inc CALL 126349909 12 200 SH Call SOLE   200 0 0
CSG Systems International Inc CALL 126349909 8 306 SH Call SOLE   306 0 0
CSG SYSTEMS INTL INC COM 126349109 784 36,000 SH   SOLE   36,000 0 0
CYTEC INDUSTRIES INC COM 232820100 5,494 75,000 SH   SOLE   75,000 0 0
DST SYSTEMS INC COM 233326107 3,417 52,300 SH   SOLE   52,300 0 0
ECHO THERAPEUTICS INC COM 27876L107 1,125 451,850 SH   SOLE   451,850 0 0
Expedia Inc CALL 30212P903 1 220 SH Call SOLE   220 0 0
Expedia Inc CALL 30212P903 1 220 SH Call SOLE   220 0 0
F5 Networks, Inc CALL 315616902 11 270 SH Call SOLE   270 0 0
F5 Networks, Inc CALL 315616902 14 200 SH Call SOLE   200 0 0
FAIRCHILD SEMICON INTERNATIO COM 303726103 5,106 370,000 SH   SOLE   370,000 0 0
FIRST BANCSHARES INC COM 318916103 52 4,022 SH   SOLE   4,022 0 0
FIRST CITIZENS BANC CORP COM 319459202 157 21,800 SH   SOLE   21,800 0 0
FLEXTRONICS INTL LTD ORD 010420245 2,516 325,000 SH   SOLE   325,000 0 0
Fortinet Inc CALL 34959E909 3 250 SH Call SOLE   250 0 0
Fortinet Inc CALL 34959E909 6 368 SH Call SOLE   368 0 0
Fortinet Inc CALL 34959E909 11 707 SH Call SOLE   707 0 0
Fortinet Inc CALL 34959E909 1 26 SH Call SOLE   26 0 0
GLOBAL PAYMENTS INC COM 37940X102 4,864 105,000 SH   SOLE   105,000 0 0
GOOGLE INC CL A 38259P508 7,043 8,000 SH   SOLE   8,000 0 0
HECLA MINING CO COM 422704106 208 69,664 SH   SOLE   69,664 0 0
HEXCEL CORP COM 428291108 6,129 180,000 SH   SOLE   180,000 0 0
INTERSIL CORP CL A 46069S109 624 80,000 SH   SOLE   80,000 0 0
Intersil Corporation CALL 46069S909 1 250 SH Call SOLE   250 0 0
Intersil Corporation CALL 46069S909 2 250 SH Call SOLE   250 0 0
INTL BUSINESS MACHINES CORP COM 459200101 3,638 19,037 SH   SOLE   19,037 0 0
INTUIT INC COM 461202103 7,943 130,124 SH   SOLE   130,124 0 0
IPG PHOTONICS CORP COM 44980X109 2,490 41,000 SH   SOLE   41,000 0 0
Jabil Circuit Inc CALL 466313903 17 850 SH Call SOLE   850 0 0
JUNIPER NETWORKS INC COM 48203R104 5,272 273,000 SH   SOLE   273,000 0 0
LIBERTY GLOBAL INC-A COM 530555101 8,819 120,000 SH   SOLE   120,000 0 0
LINKEDIN CORP COM CL A 53578A108 2,675 15,000 SH   SOLE   15,000 0 0
LOOKSMART LTD COM 543442503 1,192 1,728,000 SH   SOLE   1,728,000 0 0
MAD CATZ INTERACTIVE INC COM 556162105 31 72,916 SH   SOLE   72,916 0 0
MADISON SQUARE GARDEN CO CL A 55826P100 6,932 117,000 SH   SOLE   117,000 0 0
Madison Square Garden Company CALL 55826P900 7 300 SH Call SOLE   300 0 0
MASTERCARD INC CL A 57636Q104 3,849 6,700 SH   SOLE   6,700 0 0
MCCLATCHY CO CL A 579489105 105 46,000 SH   SOLE   46,000 0 0
Mercadolibre, Inc CALL 58733R902 3 238 SH Call SOLE   238 0 0
Microchip Technology Inc CALL 595017904 5 1,030 SH Call SOLE   1,030 0 0
MICROSOFT CORP COM 594918104 7,462 216,000 SH   SOLE   216,000 0 0
MITEL NETWORKS CORP COM 60671Q104 127 33,000 SH   SOLE   33,000 0 0
MONARCH FINANCIAL HOLDINGS COM 60907Q100 153 14,165 SH   SOLE   14,165 0 0
Motorola Solutions, Inc CALL 620076907 3 670 SH Call SOLE   670 0 0
NAVIDEA BIOPHARMACEUTICALS COM 63937X103 24,549 9,194,517 SH   SOLE   9,194,517 0 0
NETSOL TECHNOLOGIES INC COM 64115A204 171 17,000 SH   SOLE   17,000 0 0
NEWS CORP CL A 65248E104 5,165 158,000 SH   SOLE   158,000 0 0
NICE SYSTEMS LTD SPON ADR 653656108 4,814 130,500 SH   SOLE   130,500 0 0
NIELSEN HOLDINGS NV COM 58951030 6,214 185,000 SH   SOLE   185,000 0 0
NN INC COM 629337106 138 12,100 SH   SOLE   12,100 0 0
NVIDIA Corporation CALL 67066G904 6 2,000 SH Call SOLE   2,000 0 0
NVIDIA Corporation CALL 67066G904 0 135 SH Call SOLE   135 0 0
NXP SEMICONDUCTORS N V COM N6596X109 6,514 210,000 SH   SOLE   210,000 0 0
NXP Semiconductors NV CALL N6596X909 2 160 SH Call SOLE   160 0 0
ON SEMICONDUCTOR CORPORATION COM 682189105 2,351 291,000 SH   SOLE   291,000 0 0
PFIZER INC COM 717081103 2,204 78,700 SH   SOLE   78,700 0 0
Pfizer Inc PUT 717081953 85 787 SH Put SOLE   787 0 0
PowerShares QQQ PUT 73935A954 108 3,000 SH Put SOLE   3,000 0 0
PowerShares QQQ PUT 73935A954 118 1,000 SH Put SOLE   1,000 0 0
PREMIER FINANCIAL BANCORP COM 74050M105 155 12,900 SH   SOLE   12,900 0 0
PRICELINE.COM INC COM 741503403 2,563 3,100 SH   SOLE   3,100 0 0
PZENA INVESTMENT MGMT CL A 74731Q103 261 40,000 SH   SOLE   40,000 0 0
Rackspace Hosting, Inc CALL 750086900 2 75 SH Call SOLE   75 0 0
Rackspace Hosting, Inc CALL 750086900 2 275 SH Call SOLE   275 0 0
RED HAT INC COM 756577102 1,275 26,654 SH   SOLE   26,654 0 0
SAP AG PUT 803054954 117 600 SH Put SOLE   600 0 0
Silicon Laboratories Inc CALL 826919102 1 42 SH Call SOLE   42 0 0
Silicon Laboratories Inc CALL 826919902 24 596 SH Call SOLE   596 0 0
SPDR S&P 500 ETF TR PUT 78463M957 687 3,000 SH Put SOLE   3,000 0 0
SPDR S&P 500 ETF TR PUT 78462F953 401 4,500 SH Put SOLE   4,500 0 0
SPDR S&P 500 ETF TR PUT 78462F953 642 6,000 SH Put SOLE   6,000 0 0
SPRINT NEXTEL CORP COM 852061100 70 10,000 SH   SOLE   10,000 0 0
STRATTEC SECURITY CORP COM 863111100 205 5,500 SH   SOLE   5,500 0 0
STRYKER CORP COM 863667101 7 107 SH   SOLE   107 0 0
SYNOPSYS INC COM 871607107 10,189 285,000 SH   SOLE   285,000 0 0
TARGET CORP COM 87612E106 7 102 SH   SOLE   102 0 0
Teradata Corporation CALL 88076W903 4 538 SH Call SOLE   538 0 0
Teradata Corporation PUT 88076W953 61 350 SH Put SOLE   350 0 0
TEXAS INSTRUMENTS INC COM 882508104 1,220 35,000 SH   SOLE   35,000 0 0
The ADT Corporation CALL 00101J906 3 460 SH Call SOLE   460 0 0
The ADT Corporation CALL 00101J906 3 320 SH Call SOLE   320 0 0
THE WALT DISNEY CO COM 254687106 6,189 98,000 SH   SOLE   98,000 0 0
TIBCO SOFTWARE INC COM 88632Q103 642 30,000 SH   SOLE   30,000 0 0
TIME WARNER INC COM 887317303 1,966 34,000 SH   SOLE   34,000 0 0
TOTAL SYSTEM SERVICES INC COM 891906109 10,404 425,000 SH   SOLE   425,000 0 0
Total System Services, Inc CALL 891906909 7 285 SH Call SOLE   285 0 0
Total System Services, Inc CALL 891906909 153 2,356 SH Call SOLE   2,356 0 0
TRINITY INDS INC COM COM 896522109 7 179 SH   SOLE   179 0 0
TUPPERWARE BRANDS CORP COM 899896104 7 85 SH   SOLE   85 0 0
TYCO ELECTRONICS LTD COM G9144P105 7,059 155,000 SH   SOLE   155,000 0 0
UNIVERSAL INS HLDGS INC COM 91359V107 92 13,000 SH   SOLE   13,000 0 0
VERINT SYS INC COM 92343X100 4,079 115,000 SH   SOLE   115,000 0 0
VERSAR INC COM 925297103 122 26,800 SH   SOLE   26,800 0 0
VISA INC COM CL A 92826C839 5,117 28,000 SH   SOLE   28,000 0 0
VONAGE HOLDINGS CORP COM 92886T201 155 54,600 SH   SOLE   54,600 0 0
WESCO INTERNATIONAL INC COM 95082P105 2,515 37,000 SH   SOLE   37,000 0 0
WESTERN UN CO COM 959802109 1,283 75,000 SH   SOLE   75,000 0 0
WHITEWAVE FOODS CO CL B 966244204 153 10,087 SH   SOLE   10,087 0 0
XILINX INC COM 983919101 9,110 230,000 SH   SOLE   230,000 0 0
YAHOO! INC COM 984332106 7,162 285,000 SH   SOLE   285,000 0 0
YOU ON DEMAND HOLDINGS INC COM 98741R207 250 155,458 SH   SOLE   155,458 0 0