Company Name

Stock Symbol

Stock Price

# of shares

Total Cost*

 Option Symbol

 Dec

 Option Price

Income from sale*

Strike Price

Projected return if Called after one month*

Actual 

$ 

return*

Actual 

% 

Return*

CARDIOME PHARMA CORP

(risky)

CRME

$10.56

900

$9,524

UXYLV

$1.60

$1,417

12.5

32%

Comments:

Exercised Get-out price at $8.98 on December 5 after buying back calls at $0.05.

TAKE-TWO-INTERACTIVE

TTWO

$15.07

600

$9,062

TUOLW

$0.85

$491

17.5

21%

Comments:

Called in December at $17.50.

XM SATELLITE RADIO

XMSR

$13.98

700

$9,806

QSYLC

$1.70

$1,170

15

19%

Comments:

Not called in December. Price at $12.43 on 12/22/2007. Will now sell Jan15 at $1.15. Exercised Get-out price at $8.98 on December 31 after buying back calls at $0.05.

AMERICREDIT CORP.

ACF

$10.94

900

$9,866

ACFLV

$0.55

$472

12.5

18%

Comments:

Called in December at $12.50.

BUILD-A-BEAR-WORKSHOP

BBW

$15.75

600

$9,470

BBWLW

$0.65

$371

17.5

14%

Comments:

Not called in December. Price at $15.00 on 12/22/2007. Will now sell Jan17.5 at $0.30. Exercised Get-out price at $8.98 on January 3 after buying back calls at $0.05.

TASR

$13.66

700

$9,582

QURLC

$0.60

$400

15

13%

Comments:

Called in December at $15.00.

AMERICAN ORIENTAL

AOB

$11.43

800

$9,164

AOBLV

$0.50

$378

12.5

13%

Comments:

Not called in December. Price at $11.04 on 12/22/2007. Will now sell Jan12.5 at $0.15. Exercised Get-out price at $9.72 (-15%) on January 17 after buying back calls at $0.05.

THORATEC LABS CORP

THOR

$18.83

500

$9,435

TQULD

$1.35

$658

20

13%

Comments:

Not called in December. Price at $17.94 on 12/22/2007. Sold all shares at $17.94 to close out position.

VALUECLICK INC.

VCLK

$22.23

400

$8,912

QCSLX

$1.75

$684

22.5

8%

Comments:

Called in December at $22.50.

CONTINENTAL AIRLINES

CAL

$29.58

300

$8,894

CALLF

$2.20

$646

30

8%

Comments:

Exercised Get-out price at $25.14 on December 12 after buying back calls at $0.05.

Income from sale of calls is +$7,464.

All positions closed out at January expiration 2008. Cost of these ten (10) stocks is $93,715. Return from premiums and appreciation is up +$3,839. Real return is +4.1% ($3,839/$93,715).