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
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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
AT&T Inc. COM 00206R102 400 11,371 SH   SOLE   350 0 11,021
Alcoa, Inc. COM 013817101 712 67,000 SH   SOLE   3,800 0 63,200
American Express Co. COM 025816109 1,334 14,700 SH   SOLE   1,175 0 13,525
American Intl Group, Inc. COM 026874784 947 18,550 SH   SOLE   1,350 0 17,200
Apple Inc. COM 037833100 2,600 4,635 SH   SOLE   635 0 4,000
Bank of America Corp COM 060505104 878 56,398 SH   SOLE   2,200 0 54,198
Bristol-Myers Squibb Co. COM 110122108 962 18,093 SH   SOLE   1,200 0 16,893
Capital One Financial Corp. COM 14040H105 479 6,250 SH   SOLE   300 0 5,950
Cisco Systems Inc. COM 17275R102 933 41,575 SH   SOLE   1,550 0 40,025
Citigroup, Inc. COM 172967424 781 14,980 SH   SOLE   1,110 0 13,870
Corning Inc. COM 219350105 524 29,400 SH   SOLE   1,200 0 28,200
Costco Wholesale Corp COM 22160K105 1,297 10,900 SH   SOLE   575 0 10,325
Discover Financial Services COM 254709108 1,144 20,450 SH   SOLE   1,100 0 19,350
DuPont de Nemours & Co. COM 263534109 565 8,700 SH   SOLE   900 0 7,800
EMC Corporation COM 268648102 812 32,280 SH   SOLE   2,550 0 29,730
Energy Transfer Partners LP COM 29273R109 398 6,950 SH   SOLE   0 0 6,950
Exxon Mobil Corporation COM 30231G102 900 8,889 SH   SOLE   200 0 8,689
Ford Motor Company COM 345370860 223 14,450 SH   SOLE   200 0 14,250
Freeport-McMoran Copper & Gold COM 35671D857 649 17,200 SH   SOLE   1,100 0 16,100
General Electric Co COM 369604103 1,120 39,947 SH   SOLE   1,400 0 38,547
Groupon, Inc. COM 399473107 288 24,500 SH   SOLE   2,500 0 22,000
Hartford Financial Services COM 416515104 791 21,844 SH   SOLE   900 0 20,944
Honeywell Intl Inc COM 438516106 1,319 14,432 SH   SOLE   1,000 0 13,432
IBM Corp COM 459200101 1,143 6,093 SH   SOLE   375 0 5,718
Intel Corporation COM 458140100 947 36,475 SH   SOLE   2,500 0 33,975
International Paper Co. COM 460146103 706 14,400 SH   SOLE   250 0 14,150
JPMorgan Chase & Co COM 46625H100 1,260 21,549 SH   SOLE   1,300 0 20,249
Johnson & Johnson COM 478160104 219 2,390 SH   SOLE   0 0 2,390
Johnson Controls, Inc. COM 478366107 652 12,700 SH   SOLE   450 0 12,250
Legg Mason Inc. COM 524901105 509 11,700 SH   SOLE   300 0 11,400
MBIA Inc COM 55262C100 469 39,300 SH   SOLE   3,300 0 36,000
Micron Technology Inc COM 595112103 235 10,800 SH   SOLE   2,300 0 8,500
Microsoft Corporation COM 594918104 820 21,910 SH   SOLE   1,200 0 20,710
Pfizer Inc. COM 717081103 709 23,147 SH   SOLE   650 0 22,497
Philip Morris Intl COM 718172109 222 2,550 SH   SOLE   0 0 2,550
Radian Group, Inc. COM 750236101 226 16,000 SH   SOLE   800 0 15,200
Telkonet, Inc. COM 879604106 376 1,708,600 SH   SOLE   174,000 0 1,534,600
Teva Pharmaceutical COM 881624209 445 11,106 SH   SOLE   687 0 10,419
Texas Instruments, Inc. COM 882508104 661 15,050 SH   SOLE   600 0 14,450
Titan International Inc. COM 88830M102 1,115 62,000 SH   SOLE   2,800 0 59,200
Toll Brothers COM 889478103 988 26,700 SH   SOLE   1,250 0 25,450
Tractor Supply Co. COM 892356106 1,705 21,974 SH   SOLE   900 0 21,074
Verizon Communications, Inc. COM 92343V104 835 16,991 SH   SOLE   1,100 0 15,891
Wells Fargo & Co COM 949746101 418 9,197 SH   SOLE   100 0 9,097
Williams Partners LP COM 96950F104 514 10,100 SH   SOLE   200 0 9,900
Williams-Sonoma Inc. COM 969904101 472 8,100 SH   SOLE   700 0 7,400
Windstream Holdings Inc. COM 97382A101 267 33,400 SH   SOLE   0 0 33,400
Wyndham Worldwide Corp COM 98310W108 1,155 15,675 SH   SOLE   600 0 15,075
eBay Inc. COM 278642103 1,085 19,775 SH   SOLE   1,350 0 18,425