May 2005

Russian fighters fly over St.Bazil's Cathedral in Red Square in Moscow during the military parade May 9, 2005. Russia marked World War Two victory with an outpouring of patriotic pride for its huge wartime role and military parades that ignored tensions in relations with its neighbours. REUTERS/Pawel Kopczynski
Quote of the Day: Aristotle maintained that women have fewer teeth than men; although he was twice married, it never occurred to him to verify this statement by examining his wives' mouths. - Bertrand Russell
May 14, 2005
What a mess! I got some good buy signals and went into the market. Yet suddenly, perhaps because of hedge fund problems, or perhaps because of something else, the market just disintegrates. We will see what Monday brings.
Perhaps the signals were just bad signals, or perhaps I should be more patient.
May 18, 2005
Good days following the bad. Patience works, so far. Now I am almost fully invested.
May 25, 2005
I developed a system based primarily on the holdings of the Rydex Sector Funds. I added some other leading companies as well. This system backtests well, and the list of stocks should not have to be changed at all. I can always add a stock or so if some new company comes up that looks good. I started off this system on two different dates; hence there are more than 10 stocks in it. I think this will be my base system for the future. These stocks are not picked on their immediate prospects. Rather they are leaders in their industries.

Is Greenspan Yoda or is Yoda Greenspan?
May 27, 2005
Nice week. So far most of my losses this month have been small, and some of the gains are quite nice. System G is based on the general purpose list, started at different times. The other systems are based on recent lists from CNBC, Zacks, AAII, etc. This month I was able to download the closed positions with no problem at all.
| CURRENT POSITIONS | |||||||||||
| Name | Symbol | SYS | Purchase | No. | Purchase | Individual | Total | Current | Total | Result | % Result |
| Date | Shares | Price | Purchase | Purchase | Price | Value | |||||
| Price | Price | ||||||||||
| Cash/Money Market | CASH | 73,803.19 | 73,803.19 | 73,803.19 | |||||||
| Autodesk | ADSK | B2 | 05/17/05 | 555 | 36.07 | 20,029.29 | 20,029.29 | 38.15 | 21,173.25 | 1,143.97 | 5.71 |
| Asta Funding | ASFI | B2 | 05/16/05 | 765 | 26.13 | 20,000.44 | 20,000.44 | 27.08 | 20,716.20 | 715.76 | 3.58 |
| Aspect Medical | ASPM | CZ | 05/06/05 | 744 | 26.87 | 20,002.27 | 20,002.27 | 32.10 | 23,878.68 | 3,876.41 | 19.38 |
| General Cable | BGC | CZV | 05/12/05 | 1,370 | 14.56 | 19,958.19 | 19,958.19 | 14.13 | 19,358.10 | -600.09 | -3.01 |
| Building Materials Holding | BMHC | CZ | 05/06/05 | 369 | 55.66 | 20,549.16 | 20,549.16 | 62.25 | 22,970.25 | 2,421.09 | 11.78 |
| Bentley Pharm | BNT | CZV | 05/12/05 | 1,935 | 10.34 | 20,018.89 | 20,018.89 | 10.89 | 21,072.15 | 1,053.26 | 5.26 |
| Broadcom | BRCM | G | 05/26/05 | 555 | 36.25 | 20,129.74 | 20,129.74 | 35.99 | 19,974.45 | -155.29 | -0.77 |
| Celgent | CELG | G | 05/23/05 | 500 | 39.50 | 19,760.49 | 19,760.49 | 41.20 | 20,600.00 | 839.51 | 4.25 |
| C. H. Robinson | CHRW | G | 05/23/05 | 344 | 58.00 | 19,962.99 | 19,962.99 | 58.13 | 19,996.72 | 33.73 | 0.17 |
| Comtech | CMTL | B1 | 05/06/05 | 548 | 36.45 | 19,985.59 | 19,985.59 | 34.80 | 19,070.40 | -915.19 | -4.58 |
| Caremark | CMX | B2 | 05/17/05 | 450 | 44.27 | 19,932.49 | 19,932.49 | 44.21 | 19,894.50 | -37.99 | -0.19 |
| Genentech | DNA | G | 05/23/05 | 265 | 75.77 | 20,090.04 | 20,090.04 | 79.26 | 21,003.90 | 913.86 | 4.55 |
| EBAY | EBAY | G | 05/26/05 | 530 | 38.14 | 20,225.14 | 20,225.14 | 38.30 | 20,299.00 | 73.86 | 0.37 |
| Federated | FD | G | 05/24/05 | 288 | 69.12 | 19,918.13 | 19,918.13 | 67.72 | 19,503.36 | -414.77 | -2.08 |
| Forward Industries | FORD | B2 | 05/06/05 | 1,371 | 14.58 | 19,998.17 | 19,998.17 | 21.38 | 29,311.98 | 9,313.81 | 46.57 |
| Great A&P | GAP | B1 | 05/06/05 | 1,183 | 16.91 | 20,015.52 | 20,015.52 | 25.46 | 30,119.18 | 10,103.66 | 50.48 |
| Guess Inc | GES | CZV | 05/12/05 | 1,250 | 16.00 | 20,010.99 | 20,010.99 | 16.93 | 21,162.50 | 1,151.51 | 5.75 |
| General Growth Prop | GGP | G | 05/23/05 | 500 | 39.72 | 19,870.99 | 19,870.99 | 38.50 | 19,250.00 | -620.99 | -3.13 |
| Corning | GLW | G | 05/06/05 | 1,413 | 14.15 | 20,004.94 | 20,004.94 | 15.50 | 21,901.50 | 1,896.56 | 9.48 |
| GOOG | G | 05/12/05 | 86 | 231.14 | 19,889.03 | 19,889.03 | 266.00 | 22,876.00 | 2,986.97 | 15.02 | |
| H P Compaq | HPQ | G | 05/24/05 | 887 | 22.56 | 20,021.71 | 20,021.71 | 22.77 | 20,196.99 | 175.28 | 0.88 |
| Intel | INTC | G | 05/26/05 | 735 | 27.17 | 19,980.94 | 19,980.94 | 27.39 | 20,131.65 | 150.71 | 0.75 |
| Iris International | IRIS | CZ | 05/06/05 | 1,351 | 15.85 | 21,428.43 | 21,428.43 | 17.15 | 23,169.65 | 1,741.22 | 8.13 |
| Juniper | JNPR | G | 05/24/05 | 780 | 25.67 | 20,033.59 | 20,033.59 | 25.79 | 20,116.20 | 82.61 | 0.41 |
| KB Homes | KBH | G | 05/20/05 | 317 | 63.09 | 20,010.52 | 20,010.52 | 66.26 | 21,004.42 | 993.90 | 4.97 |
| Kindred Health Care | KND | CZ | 05/19/05 | 515 | 38.80 | 19,992.99 | 19,992.99 | 37.70 | 19,415.50 | -577.49 | -2.89 |
| Lam Research | LRCX | G | 05/26/05 | 668 | 29.89 | 19,977.51 | 19,977.51 | 29.75 | 19,873.00 | -104.51 | -0.52 |
| Motorola | MOT | G | 05/24/05 | 1,152 | 17.35 | 19,998.19 | 19,998.19 | 17.34 | 19,975.68 | -22.51 | -0.11 |
| Openwave | OPWV | CZV | 05/12/05 | 1,428 | 14.00 | 20,002.99 | 20,002.99 | 15.39 | 21,976.92 | 1,973.93 | 9.87 |
| Children's Place | PLCE | B1 | 05/10/05 | 440 | 46.36 | 20,410.27 | 20,410.27 | 47.23 | 20,781.20 | 370.93 | 1.82 |
| Per-Se Tech | PSTI | CZ | 05/19/05 | 1,075 | 18.62 | 20,027.49 | 20,027.49 | 18.94 | 20,360.50 | 333.01 | 1.66 |
| Pathmark | PTMK | CZV | 05/12/05 | 2,310 | 8.66 | 20,015.59 | 20,015.59 | 9.26 | 21,390.60 | 1,375.01 | 6.87 |
| Red Robin Gourmet | RRGB | G | 05/19/05 | 385 | 53.17 | 20,481.44 | 20,481.44 | 54.90 | 21,136.50 | 655.06 | 3.20 |
| Ryerson Tull | RT | CZ | 05/10/05 | 1,321 | 15.10 | 19,958.09 | 19,958.09 | 15.10 | 19,947.10 | -10.99 | -0.06 |
| Sears Holdings | SHLD | G | 05/06/05 | 138 | 144.24 | 19,916.49 | 19,916.49 | 149.20 | 20,589.60 | 673.11 | 3.38 |
| SL Industries | SLI | B1 | 05/16/05 | 1,272 | 15.98 | 20,335.83 | 20,335.83 | 17.04 | 21,674.88 | 1,339.05 | 6.58 |
| Sun Hydraulics | SNHY | B2 | 05/06/05 | 708 | 28.38 | 20,107.33 | 20,107.33 | 34.95 | 24,744.60 | 4,637.27 | 23.06 |
| Staples | SPLS | G | 05/24/05 | 924 | 21.63 | 19,997.11 | 19,997.11 | 21.70 | 20,050.80 | 53.69 | 0.27 |
| Safeway | SWY | G | 05/23/05 | 875 | 22.85 | 20,004.74 | 20,004.74 | 22.33 | 19,538.75 | -465.99 | -2.33 |
| Talk | TALK | CZ | 05/06/05 | 2,322 | 8.61 | 20,003.41 | 20,003.41 | 8.98 | 20,839.95 | 836.54 | 4.18 |
| Talx | TALX | CZ | 05/06/05 | 770 | 25.95 | 19,992.02 | 19,992.02 | 28.32 | 21,806.40 | 1,814.38 | 9.08 |
| National Tech Team | TEAM | CZ | 05/20/05 | 1,393 | 14.35 | 20,000.54 | 20,000.54 | 13.86 | 19,306.98 | -693.56 | -3.47 |
| Target | TGT | G | 05/26/05 | 378 | 52.91 | 20,010.97 | 20,010.97 | 53.50 | 20,223.00 | 212.03 | 1.06 |
| Toll Bros | TOL | G | 05/26/05 | 225 | 88.90 | 20,013.49 | 20,013.49 | 91.06 | 20,488.50 | 475.01 | 2.37 |
| Universal Health | UHS | G | 05/23/05 | 339 | 59.18 | 20,073.01 | 20,073.01 | 58.43 | 19,807.77 | -265.24 | -1.32 |
| United Health | UNH | 05/06/05 | 406 | 49.06 | 19,929.35 | 19,929.35 | 48.89 | 19,847.31 | -82.04 | -0.41 | |
| Valero | VLO | 05/06/05 | 293 | 68.16 | 19,981.09 | 19,981.09 | 70.49 | 20,653.57 | 672.48 | 3.37 | |
| Western Digital | WDC | B1 | 05/17/03 | 1,425 | 14.03 | 20,003.74 | 20,003.74 | 14.94 | 21,289.50 | 1,285.76 | 6.43 |
| Whole Foods | WFMI | 05/06/05 | 183 | 109.00 | 19,957.99 | 19,957.99 | 119.53 | 21,873.99 | 1,916.00 | 9.60 | |
| Yum Brands | YUM | 05/18/05 | 410 | 50.00 | 20,509.99 | 20,509.99 | 51.98 | 21,311.80 | 801.81 | 3.91 | |
| Overall Total | 1,077,332.52 | 1,077,332.52 | 1,131,458.62 | 54,126.10 |
| CLOSED POSITIONS | |||||||
| Security Name | Purchase | No. | Purchase | Sale Date | Sale Price | Result | % Result |
| Date | Shares | Price | |||||
| HOLOGIC INC (HOLX) | 05/06/05 | 539 | 19980.94 | 05/10/05 | 19753.31 | -227.63 | -1.14 |
| OPTION CARE INC (OPTN) | 05/06/05 | 1415 | 20019.09 | 05/10/05 | 19472.74 | -546.35 | -2.73 |
| CIA ENERGETICA DE MI (CIG) | 05/06/05 | 686 | 19987.31 | 05/10/05 | 18318.16 | -1,669.15 | -8.35 |
| SUPERGEN INC (SUPG) | 05/12/05 | 4060 | 19986.19 | 05/12/05 | 18942.74 | -1,043.45 | -5.22 |
| REGENERON PHARMS INC (REGN) | 05/06/05 | 2677 | 20008.18 | 05/16/05 | 15951.23 | -4,056.95 | -20.28 |
| HANSEN NAT CORP (HANS) | 05/06/05 | 307 | 20457.19 | 05/16/05 | 19116.77 | -1,340.42 | -6.55 |
| SUNGARD DATA SYS INC (SDS) | 05/12/05 | 591 | 20010.43 | 05/18/05 | 20052.62 | 42.19 | 0.21 |
| SEATTLE GENETICS INC (SGEN) | 05/12/05 | 3540 | 20011.99 | 05/19/05 | 16626.31 | -3,385.68 | -16.92 |
| GEHL CO (GEHL) | 05/06/05 | 713 | 20131.85 | 05/20/05 | 20948.52 | 816.67 | 4.06 |
| STAMPS.COM INC (STMP) | 05/06/05 | 889 | 20004.6 | 05/20/05 | 18603.89 | -1,400.71 | -7.00 |
| SBA COMMS CORP CL A (SBAC) | 05/12/05 | 1951 | 20008.74 | 05/23/05 | 22170.95 | 2,162.21 | 10.81 |
| SURMODICS INC (SRDX) | 05/06/05 | 508 | 20137.95 | 05/23/05 | 19916.11 | -221.84 | -1.10 |
| WORLDWIDE RESTAURANT CONCEP (SZ) | 05/12/05 | 3105 | 20007.19 | 05/23/05 | 19905.47 | -101.72 | -0.51 |
| LUFKIN INDS INC (LUFK) | 05/06/05 | 610 | 20134.89 | 05/23/05 | 17251.28 | -2,883.61 | -14.32 |
| LUMINEX CORP (LMNX) | 05/10/05 | 2162 | 20527.62 | 05/23/05 | 19613.29 | -914.33 | -4.45 |
| KOS PHARMS INC (KOSP) | 05/06/05 | 371 | 20007.89 | 05/23/05 | 20393.15 | 385.26 | 1.93 |
| COVANSYS CORP (CVNS) | 05/17/05 | 1675 | 19993.74 | 05/23/05 | 20004.42 | 10.68 | 0.05 |
| ASSET ACCEPTANCE CAP (AACC) | 05/12/05 | 870 | 20020.12 | 05/23/05 | 19563.19 | -456.93 | -2.28 |
| APPLERA CORP-APPLIED (ABI) | 05/23/05 | 888 | 19973.23 | 05/24/05 | 19169 | -804.23 | -4.03 |
| INNOVATIVE SOLUTIONS & SUPP (ISSC) | 05/12/05 | 529 | 20007.19 | 05/24/05 | 18876.52 | -1,130.67 | -5.65 |
| CRYOLIFE INC (CRY) | 05/12/05 | 2564 | 20010.19 | 05/24/05 | 18375.04 | -1,635.15 | -8.17 |
| CRA INTERNATIONAL INC. (CRAI) | 05/06/05 | 370 | 19979.89 | 05/24/05 | 20804.33 | 824.44 | 4.13 |
| QUALITY SYS INC (QSII) | 05/06/05 | 400 | 19937.79 | 05/24/05 | 23380.03 | 3,442.24 | 17.26 |
| ARROW ELECTRS INC (ARW) | 05/17/05 | 768 | 20002.03 | 05/25/05 | 20549.18 | 547.15 | 2.74 |
| NCR CORP (NCR) | 05/18/05 | 533 | 20014.48 | 05/25/05 | 19762.48 | -252.00 | -1.26 |
| LCA-VISION INC (LCAV) | 05/06/05 | 510 | 19997.89 | 05/26/05 | 22234.28 | 2,236.39 | 11.18 |
| CACI INTL INC CL A (CAI) | 05/06/05 | 311 | 19930.54 | 05/26/05 | 19739.79 | -190.75 | -0.96 |
| CARDINAL HEALTH INC (CAH) | 05/17/05 | 341 | 19986.77 | 05/26/05 | 19813.92 | -172.85 | -0.86 |
| BRIGHT HORIZONS FAMILY SOLU (BFAM) | 05/12/05 | 529 | 19975.45 | 05/27/05 | 19508.29 | -467.16 | -2.34 |
| CRESCENT REAL ESTATE EQUITI (CEI) | 05/17/05 | 1106 | 20007.47 | 05/27/05 | 19665.54 | -341.93 | -1.71 |
| Total | -12,776.28 |