Third & Fourth Quarter 2004

Stocks

Profit/Loss

CNXT - Conexant

07/06/04

$2.35

$2.85

MWY- Midway

07/14/04

$9.75

$11.50

SIRI - Sirius

07/19/04

$2.25

$2.60

CDE - Couer D'ALene

07/26/04

$3.12

$3.60

APOL - Apollo Group

08/02/04

$71.50

$80.00

NT - Nortel

08/09/04

$3.55

$4.00

SHRP - Sharper Image

08/23/04

$17.05

$19.50

NOVL - Novell

08/31/04

$5.65

$6.50

CSCO - Cisco

09/07/04

$19.00

$21.25

(-2%)

SLR - Solectron

09/13/04

$5.25

$6.00

KO - Coca Cola

09/20/04

$40.00

$45.00

(-1%)

RHAT - Redhat

09/24/04

$12.95

$15.00

CX - Cemex

09/27/04

$27.70

$31.00

MRK - Merck

10/04/04

$34.00

$38.00

11/11/04 $29.90

(-12%)

SNDA - Shanda (short)

10/11/04

$31.50

$31.50

11/20/04 $27.50

NFLX - Netflix

10/18/04

$10.30

$11.85

11/12/04 $11.15

LDIS - Leadis

10/25/04

$8.65

$10.25

11/19/04 $10.25

LVLT - Level 3

11/01/04

$3.38

$3.80

12/01/04 $3.60

BSQR - BSquare

11/08/04

$1.02

$1.20

11/24/04 $1.30

TMR - Meridan

11/15/04

$5.25

$6.00

11/26/04 $6.80

CBJ - Cambior

11/22/04

$3.75

$3.15

11/29/04 $3.15

(-15%)

WIND - Wind River

11/23/04

$12.00

$14.25

12/17/04 $14.40

NOVL - Novell

11/29/04

$6.02

$6.75

12/15/04 $7.10

CMGI - CMGI

12/06/04

$1.95

$2.25

12/07/04 $2.80

CDSS - Citadel

12/20/04

$2.45

$2.80

12/27/04 $3.10

SLR - Solectron

12/28/04

$5.15

$5.80

02/02/05 $4.90

(-5%)