Silver Bullet Report

Page 1


HYPOTHETICAL PERFORMANCE DISCLAIMER HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. FUTURES RISK DISCLOSURE STATEMENT The risk of loss in trading commodity futures contracts can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should be aware of the following points: (1) You may sustain a total loss of the funds that you deposit with your broker to establish or maintain a position in the commodity futures market, and you may incur losses beyond these amounts. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position. If you do not provide the required funds within the time required by your broker, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account. (2) Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market reaches a daily price fluctuation limit (“limit move”). (3) Placing contingent orders, such as “stop-loss” or “stop-limit” orders, will not necessarily limit your losses to the intended amounts, since market conditions on the exchange where the order is placed may make it impossible to execute such orders. (4) All futures positions involve risk, and a “spread” position may not be less risky than an outright “long” or “short” position. (5) The high degree of leverage (gearing) that is often obtainable in futures trading because of the small margin requirements can work against you as well as for you. Leverage (gearing) can lead to large losses as well as gains. (6) You should consult your broker concerning the nature of the protections available to safeguard funds or property deposited for your account.


ALL OF THE POINTS NOTED ABOVE APPLY TO ALL FUTURES TRADING WHETHER FOREIGN OR DOMESTIC. IN ADDITION, IF YOU ARE CONTEMPLATING TRADING FOREIGN FUTURES OR OPTIONS CONTRACTS, YOU SHOULD BE AWARE OF THE FOLLOWING ADDITIONAL RISKS: (7) Foreign futures transactions involve executing and clearing trades on a foreign exchange. This is the case even if the foreign exchange is formally “linked” to a domestic exchange, whereby a trade executed on one exchange liquidates or establishes a position on the other exchange. No domestic organization regulates the activities of a foreign exchange, including the execution, delivery, and clearing of transactions on such an exchange, and no domestic regulator has the power to compel enforcement of the rules of the foreign exchange or the laws of the foreign country. Moreover, such laws or regulations will vary depending on the foreign country in which the transaction occurs. For these reasons, customers who trade on foreign exchanges may not be afforded certain of the protections which apply to domestic transactions, including the right to use domestic alternative dispute resolution procedures. In particular, funds received from customers to margin foreign futures transactions may not be provided the same protections as funds received to margin futures transactions on domestic exchanges. Before you trade, you should familiarize yourself with the foreign rules which will apply to your particular transaction. (8) Finally, you should be aware that the price of any foreign futures or option contract and, therefore, the potential profit and loss resulting there from, may be affected by any fluctuation in the foreign exchange rate between the time the order is placed and the foreign futures contract is liquidated or the foreign option contract is liquidated or exercised. THIS BRIEF STATEMENT CANNOT, OF COURSE, DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF THE COMMODITY MARKETS


Silver Bullet is an aggressive strategy that trades the SI.C(D) on the 20 minute time frame. Silver Bullet attempts to capture large profits in a trending market. Profits are protected with a wide $1600 fixed stop loss/contract. This system performs best in trending markets and should be combined with a trading strategy that is conservative with consistent trade results regardless of market conditions. Silver Bullet is not a good choice to trade alone but rather should be incorporated together with a collection of other more conservative systems.


Max Drawdown: Max Drawdown %: Max Drawdown Date: Longest Drawdown: Recovery Factor:

($26,770.00) 133.85% 8/12/2011 1.16 years 15.15

Total Trades: Winning Trades: Losing Trades: Even Trades: % Profitable:

1714 483 1231 0 28.18%

Max Runup: Max Runup %: Max Runup Date: Longest Runup: Equity Peak:

$41,565.00 207.83% 9/27/2011 161 days $422,045.00

Avg. Trade Net Profit: Avg. Winning Trade: Avg. Losing Trade: Payoff Ratio:

$236.57 $2,401.30 ($612.80) 3.919

Return on Initial Capital: Annual Rate of Return: Avg. Monthly Return: Monthly Std. Dev.: % Profitable Months:

2027.38% 254.12% $4,235.29, 21.18% $7,240.53 70.83%

Largest Win: Largest Loss: Max Cons. Winners: Max Cons. Losers:

$43,195.00, 3.72% ($2,205.00), 0.29% 5 14

Sharpe Ratio: Sortino Ratio: Sterling Ratio: MAR Ratio:

2.01 4.30 2.47 1.90

Trading Period:

7.98 years 10/8/2003-9/30/2011 5 days 1

Total Commission: Total Slippage:

$8,570.00 $42,850.00

Longest Flat Period: Max Shares/Contracts:

hypothetical

$405,475.00 $1,159,830.00 ($754,355.00) 1.538 1.427

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Total Net Profit: Gross Profit: Gross Loss: Profit Factor: Pessimistic RR:

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Performance Summary


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Accumulative Monthly Net Profit

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Closed Trade Equity Curve


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Monthly Profit Distribution

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Monthly Net Profit


Largest Drawdowns -$26,770.00 -$19,190.00 -$15,805.00 -$15,490.00 -$15,225.00

47 days 2 days 51 days 47 days 42 days

Total Drawdowns: Average Amount: Average Length:

111 -$4,170.14 23 days

Closed Trade Drawdowns

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Length

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$ Amount

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Drawdown Analysis


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Drawdown Length Distribution

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Drawdown Depth Distribution


Periodical Returns Year 2011 2010 2009 2008 2007 2006 2005 2004 2003

Net Profit $101,120.00 $69,540.00 $69,205.00 $102,870.00 $15,505.00 $20,065.00 $5,320.00 $22,525.00 ($675.00)

% Return 505.60% 347.70% 346.02% 514.35% 77.53% 100.33% 26.60% 112.62% -3.38%

Profit Factor 1.53 1.62 1.75 1.91 1.24 1.18 1.17 1.65 0.88

# Trades 192 216 218 220 217 278 174 159 40

% Profitable 26.04% 26.85% 31.65% 35.45% 29.95% 20.86% 25.86% 32.08% 22.50%

Net Profit $17,775.00 $15,565.00 ($5,715.00) $6,720.00 $11,595.00 $27,810.00 ($5,915.00) $12,735.00 $20,550.00 $5,365.00 $22,765.00 $2,985.00 $5,040.00 $430.00 $4,370.00 ($7,290.00) $22,815.00 $1,870.00 $855.00 $14,830.00 ($4,495.00) $13,470.00 ($3,050.00) $1,820.00 $13,660.00 $1,390.00 $4,150.00 $4,765.00 $3,610.00

% Return 88.88% 77.83% -28.57% 33.60% 57.98% 139.05% -29.58% 63.68% 102.75% 26.82% 113.83% 14.92% 25.20% 2.15% 21.85% -36.45% 114.07% 9.35% 4.28% 74.15% -22.48% 67.35% -15.25% 9.10% 68.30% 6.95% 20.75% 23.82% 18.05%

Profit Factor 1.44 1.52 0.74 1.39 1.46 2.53 0.74 2.15 5.15 1.27 2.09 1.38 1.72 1.08 1.63 0.14 6.36 1.24 1.10 2.55 0.09 5.02 0.80 1.12 3.99 1.20 1.92 1.48 1.66

# Trades 34 24 20 25 21 22 24 14 8 24 25 17 17 12 17 16 12 26 22 19 9 11 28 27 12 13 14 25 15

% Profitable 20.59% 20.83% 25.00% 32.00% 19.05% 36.36% 16.67% 35.71% 50.00% 16.67% 28.00% 29.41% 29.41% 33.33% 29.41% 18.75% 41.67% 26.92% 27.27% 31.58% 11.11% 54.55% 25.00% 22.22% 33.33% 23.08% 42.86% 24.00% 33.33%

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Annual Returns

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Year 9/2011 8/2011 7/2011 6/2011 5/2011 4/2011 3/2011 2/2011 1/2011 12/2010 11/2010 10/2010 9/2010 8/2010 7/2010 6/2010 5/2010 4/2010 3/2010 2/2010 1/2010 12/2009 11/2009 10/2009 9/2009 8/2009 7/2009 6/2009 5/2009

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Monthly Returns


1.27 6.74 1.12 1.64 3.24 1.22 1.16 1.03 2.94 9.80 1.06 2.67 4.12 3.42 1.75 1.44 1.25 1.14 1.17 1.76 1.45 4.04 5.39 0.89 0.74 0.86 3.51 0.28 5.01 0.79 0.59 2.60 0.99 0.90 2.56 0.87 1.53 0.70 0.45 0.64 1.93 1.26 1.14 1.22 0.33 0.97 0.85 2.06

18 14 19 22 17 21 33 25 15 10 22 16 14 13 14 20 21 21 14 12 27 14 9 13 23 25 17 21 14 26 23 21 26 19 21 27 27 24 26 24 9 13 19 14 21 18 19 13

27.78% 64.29% 21.05% 36.36% 35.29% 33.33% 39.39% 20.00% 40.00% 60.00% 18.18% 43.75% 50.00% 46.15% 35.71% 30.00% 33.33% 33.33% 35.71% 25.00% 22.22% 42.86% 44.44% 23.08% 26.09% 20.00% 52.94% 19.05% 50.00% 15.38% 21.74% 19.05% 23.08% 21.05% 23.81% 22.22% 14.81% 25.00% 7.69% 20.83% 33.33% 38.46% 26.32% 28.57% 14.29% 27.78% 15.79% 46.15%

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10.70% 109.78% 5.03% 21.45% 65.83% 11.47% 18.12% 2.67% 85.55% 88.88% 3.98% 38.85% 60.52% 103.33% 16.53% 18.62% 7.35% 8.15% 3.28% 13.08% 13.08% 25.65% 32.38% -2.45% -7.17% -7.25% 25.60% -34.15% 44.27% -7.95% -18.77% 49.85% -0.27% -5.67% 52.50% -14.30% 44.67% -8.48% -22.93% -12.60% 12.32% 3.05% 2.27% 2.27% -16.30% -0.33% -2.50% 7.17%

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$2,140.00 $21,955.00 $1,005.00 $4,290.00 $13,165.00 $2,295.00 $3,625.00 $535.00 $17,110.00 $17,775.00 $795.00 $7,770.00 $12,105.00 $20,665.00 $3,305.00 $3,725.00 $1,470.00 $1,630.00 $655.00 $2,615.00 $2,615.00 $5,130.00 $6,475.00 ($490.00) ($1,435.00) ($1,450.00) $5,120.00 ($6,830.00) $8,855.00 ($1,590.00) ($3,755.00) $9,970.00 ($55.00) ($1,135.00) $10,500.00 ($2,860.00) $8,935.00 ($1,695.00) ($4,585.00) ($2,520.00) $2,465.00 $610.00 $455.00 $455.00 ($3,260.00) ($65.00) ($500.00) $1,435.00

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4/2009 3/2009 2/2009 1/2009 12/2008 11/2008 10/2008 9/2008 8/2008 7/2008 6/2008 5/2008 4/2008 3/2008 2/2008 1/2008 12/2007 11/2007 10/2007 9/2007 8/2007 7/2007 6/2007 5/2007 4/2007 3/2007 2/2007 1/2007 12/2006 11/2006 10/2006 9/2006 8/2006 7/2006 6/2006 5/2006 4/2006 3/2006 2/2006 1/2006 12/2005 11/2005 10/2005 9/2005 8/2005 7/2005 6/2005 5/2005


0.64 0.65 1.81 6.18 2.04 0.15 2.33 1.96 0.87 100.00 1.45 0.73 5.99 1.00 0.92 2.74 0.58 1.29 0.99

12 13 15 8 15 28 16 12 12 3 13 20 12 9 8 11 18 11 11

16.67% 15.38% 26.67% 37.50% 20.00% 17.86% 37.50% 41.67% 33.33% 100.00% 30.77% 30.00% 50.00% 22.22% 37.50% 36.36% 22.22% 18.18% 27.27%

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-4.80% -3.82% 11.07% 16.18% 16.62% -27.38% 18.73% 7.45% -2.33% 24.30% 4.92% -6.00% 60.62% 0.03% -1.20% 16.85% -5.83% 2.48% -0.03%

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($960.00) ($765.00) $2,215.00 $3,235.00 $3,325.00 ($5,475.00) $3,745.00 $1,490.00 ($465.00) $4,860.00 $985.00 ($1,200.00) $12,125.00 $5.00 ($240.00) $3,370.00 ($1,165.00) $495.00 ($5.00)

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4/2005 3/2005 2/2005 1/2005 12/2004 11/2004 10/2004 9/2004 8/2004 7/2004 6/2004 5/2004 4/2004 3/2004 2/2004 1/2004 12/2003 11/2003 10/2003


System SS_hilo_entry, SS_...

100.00%

Avg. Profit per Market: Avg. Profit Factor: Avg. Trades per Market: Avg. % Profitable Trades:

Net Profit % Return Profit Factor $405,475.00 2027.38% 1.54

$405,475.00 1.54 1714 28.18%

# Trades 1714

% Profitable 28.18%

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Market @SI.C

1 100.00%

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Total Markets in Portfolio: % Profitable Markets: Most Profitable Market as % of Total Net Profit:

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Market Analysis


Trades Buy Sell

2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27

Price

Size

Profit Symbol

10/08/2003 11:20 Buy 10/08/2003 13:20 Short

7.505 7.505

1 1

($30.00)

Short Cover

10/08/2003 13:20 Short 10/08/2003 21:20 Buy

7.505 7.525

1 1

($130.00)

Buy Sell

10/08/2003 21:20 Buy 10/09/2003 05:20 Short

7.525 7.515

1 1

($80.00)

Short Cover

10/09/2003 05:20 Short 10/10/2003 04:00 Buy

7.515 7.495

1 1

$70.00

Buy Sell

10/10/2003 04:00 Buy 10/13/2003 10:00 Short

7.495 7.505

1 1

$20.00

Short Cover

10/13/2003 10:00 Short 10/13/2003 12:40 Buy

7.505 7.555

1 1

($280.00)

Buy Sell

10/13/2003 12:40 Buy 10/15/2003 04:20 Short

7.555 7.555

1 1

($30.00)

Short Cover

10/15/2003 04:20 Short 10/15/2003 11:00 Buy

7.555 7.58

1 1

($155.00)

Buy Sell

10/15/2003 11:00 Buy 10/30/2003 15:40 Short

7.58 7.765

1 1

$895.00

Short Cover

10/30/2003 15:40 Short 10/31/2003 09:40 Buy

7.765 7.8

1 1

($205.00)

Buy Sell

10/31/2003 09:40 Buy 10/31/2003 11:20 Short

7.8 7.79

1 1

($80.00)

Short Cover

10/31/2003 11:20 Short 11/05/2003 09:20 Buy

7.79 7.645

1 1

$695.00

Buy Sell

11/05/2003 09:20 Buy 11/05/2003 10:40 Short

7.645 7.63

1 1

($105.00)

Short Cover

11/05/2003 10:40 Short 11/05/2003 11:00 Buy

7.63 7.655

1 1

($155.00)

Buy Sell

11/05/2003 11:00 Buy 11/05/2003 12:00 Short

7.655 7.64

1 1

($105.00)

Short Cover

11/05/2003 12:00 Short 11/07/2003 09:00 Buy

7.64 7.655

1 1

($105.00)

Buy Sell

11/07/2003 09:00 Buy 11/07/2003 09:20 Short

7.655 7.59

1 1

($355.00)

Short Cover

11/07/2003 09:20 Short 11/07/2003 10:20 Buy

7.59 7.625

1 1

($205.00)

Buy Sell

11/07/2003 10:20 Buy 11/19/2003 12:00 Short

7.625 7.93

1 1

$1,495.00

Short Cover

11/19/2003 12:00 Short 11/21/2003 11:00 Buy

7.93 7.95

1 1

($130.00)

Buy Sell

11/21/2003 11:00 Buy 11/24/2003 05:40 Short

7.95 7.895

1 1

($305.00)

Short Cover

11/24/2003 05:40 Short 11/25/2003 09:40 Buy

7.895 7.935

1 1

($230.00)

Buy Sell

11/25/2003 09:40 Buy 12/03/2003 13:00 Short

7.935 8.07

1 1

$645.00

Short Cover

12/03/2003 13:00 Short 12/03/2003 17:15 Buy

8.07 8.105

1 1

($205.00)

Buy Sell

12/03/2003 17:15 Buy 12/04/2003 00:20 Short

8.105 8.08

1 1

($155.00)

Short Cover

12/04/2003 00:20 Short 12/04/2003 15:20 Buy

8.08 8.06

1 1

$70.00

Buy Sell

12/04/2003 15:20 Buy 12/05/2003 09:00 Short

8.06 8.05

1 1

($80.00)

Strategy

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

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1

Date/Time Signal

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Type

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#


31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

8.05 8.08

1 1

($180.00)

Buy Sell

12/05/2003 10:40 Buy 12/11/2003 12:40 Short

8.08 8.21

1 1

$620.00

Short Cover

12/11/2003 12:40 Short 12/12/2003 06:00 Buy

8.21 8.23

1 1

($130.00)

Buy Sell

12/12/2003 06:00 Buy 12/14/2003 19:40 Short

8.23 8.13

1 1

($530.00)

Short Cover

12/14/2003 19:40 Short 12/14/2003 22:00 Buy

8.13 8.2

1 1

($380.00)

Buy Sell

12/14/2003 22:00 Buy 12/17/2003 06:00 Short

8.2 8.255

1 1

$245.00

Short Cover

12/17/2003 06:00 Short 12/17/2003 10:40 Buy

8.255 8.295

1 1

($230.00)

Buy Sell

12/17/2003 10:40 Buy 12/18/2003 10:20 Short

8.295 8.275

1 1

($130.00)

Short Cover

12/18/2003 10:20 Short 12/18/2003 13:00 Buy

8.275 8.315

1 1

($230.00)

Buy Sell

12/18/2003 13:00 Buy 12/22/2003 13:00 Short

8.315 8.315

1 1

($30.00)

Short Cover

12/22/2003 13:00 Short 12/23/2003 09:40 Buy

8.315 8.345

1 1

($180.00)

Buy Sell

12/23/2003 09:40 Buy 12/23/2003 10:20 Short

8.345 8.325

1 1

($130.00)

Short Cover

12/23/2003 10:20 Short 12/23/2003 13:00 Buy

8.325 8.35

1 1

($155.00)

Buy Sell

12/23/2003 13:00 Buy 01/08/2004 10:00 Short

8.35 8.865

1 1

$2,545.00

Short Cover

01/08/2004 10:00 Short 01/08/2004 12:20 Buy

8.865 8.885

1 1

($130.00)

Buy Sell

01/08/2004 12:20 Buy 01/08/2004 16:20 Short

8.885 8.83

1 1

($305.00)

Short Cover

01/08/2004 16:20 Short 01/09/2004 05:40 Buy

8.83 8.895

1 1

($355.00)

Buy Sell

01/09/2004 05:40 Buy 01/14/2004 03:40 Short

8.895 9.165

1 1

$1,320.00

Short Cover

01/14/2004 03:40 Short 01/23/2004 10:20 Buy

9.165 8.94

1 1

$1,095.00

Buy Sell

01/23/2004 10:20 Buy 01/26/2004 06:40 Short

8.94 8.87

1 1

($380.00)

Short Cover

01/26/2004 06:40 Short 01/26/2004 09:00 Buy

8.87 8.935

1 1

($355.00)

Buy Sell

01/26/2004 09:00 Buy 01/26/2004 15:20 Short

8.935 8.9

1 1

($205.00)

Short Cover

01/26/2004 15:20 Short 01/27/2004 09:20 Buy

8.9 8.935

1 1

($205.00)

Buy Sell

01/27/2004 09:20 Buy 01/29/2004 09:00 SHORT

8.935 9.01

1 1

$345.00

Short Cover

01/29/2004 09:00 SHORT 02/04/2004 11:40 Buy

9.01 8.77

1 1

$1,170.00

Buy Sell

02/04/2004 11:40 Buy 02/05/2004 13:20 Short

8.77 8.73

1 1

($230.00)

Short Cover

02/05/2004 13:20 Short 02/06/2004 09:00 Stop Loss

8.73 9.05

1 1

($1,630.00)

Buy Sell

02/06/2004 09:20 Buy 02/11/2004 04:20 Short

8.9 8.96

1 1

$270.00

Short Cover

02/11/2004 04:20 Short 02/11/2004 10:20 Buy

8.96 9.03

1 1

($380.00)

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

hypothetical

30

12/05/2003 09:00 Short 12/05/2003 10:40 Buy

hypothetical

29

Short Cover

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28


60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85

9.03 8.98

1 1

($280.00)

Short Cover

02/11/2004 10:40 Short 02/11/2004 11:40 Buy

8.98 9.055

1 1

($405.00)

Buy Sell

02/11/2004 11:40 Buy 02/18/2004 12:00 Short

9.055 9.31

1 1

$1,245.00

Short Cover

02/18/2004 12:00 Short 03/01/2004 09:20 Stop Loss

9.31 9.63

1 1

($1,630.00)

Buy Sell

03/03/2004 16:00 Buy 03/16/2004 13:00 Short

9.416 9.761

1 1

$1,695.00

Short Cover

03/16/2004 13:00 Short 03/16/2004 15:20 Buy

9.761 9.781

1 1

($130.00)

Buy Sell

03/16/2004 15:20 Buy 03/17/2004 12:20 Short

9.781 9.751

1 1

($180.00)

Short Cover

03/17/2004 12:20 Short 03/17/2004 13:40 Buy

9.751 9.851

1 1

($530.00)

Buy Sell

03/17/2004 13:40 Buy 03/25/2004 12:00 Short

9.851 10.211

1 1

$1,770.00

Short Cover

03/25/2004 12:00 Short 03/26/2004 09:00 Buy

10.211 10.281

1 1

($380.00)

Buy Sell

03/26/2004 09:00 Buy 03/29/2004 11:00 Short

10.281 10.241

1 1

($230.00)

Short Cover

03/29/2004 11:00 Short 03/30/2004 09:20 Buy

10.241 10.311

1 1

($380.00)

Buy Sell

03/30/2004 09:20 Buy 04/02/2004 09:00 SHORT

10.311 10.791

1 1

$2,370.00

Short Cover

04/02/2004 09:00 SHORT 04/06/2004 08:20 Buy

10.791 10.866

1 1

($405.00)

Buy Sell

04/06/2004 08:20 Buy 04/06/2004 10:40 Short

10.866 10.756

1 1

($580.00)

Short Cover

04/06/2004 10:40 Short 04/06/2004 15:20 Buy

10.756 10.831

1 1

($405.00)

Buy Sell

04/06/2004 15:20 Buy 04/07/2004 07:00 Short

10.831 10.796

1 1

($205.00)

Short Cover

04/07/2004 07:00 Short 04/07/2004 11:20 Buy

10.796 10.866

1 1

($380.00)

Buy Sell

04/07/2004 11:20 Buy 04/08/2004 06:00 Short

10.866 10.781

1 1

($455.00)

Short Cover

04/08/2004 06:00 Short 04/15/2004 09:00 BUY

10.781 9.596

1 1

$5,895.00

Buy Sell

04/15/2004 09:00 BUY 04/19/2004 22:40 Short

9.596 9.751

1 1

$745.00

Short Cover

04/19/2004 22:40 Short 04/26/2004 15:40 Buy

9.751 8.804

1 1

$4,705.00

Buy Sell

04/26/2004 15:40 Buy 04/28/2004 07:20 Short

8.804 8.829

1 1

$95.00

Short Cover

04/28/2004 07:20 Short 04/30/2004 11:20 BUY

8.829 8.674

1 1

$745.00

Buy Sell

04/30/2004 11:20 BUY 05/03/2004 09:40 SHORT

8.674 8.509

1 1

($855.00)

Short Cover

05/03/2004 09:40 SHORT 05/03/2004 15:40 Buy

8.509 8.639

1 1

($680.00)

Buy Sell

05/03/2004 15:40 Buy 05/05/2004 09:00 Short

8.639 8.644

1 1

($5.00)

Short Cover

05/05/2004 09:00 Short 05/05/2004 09:40 Buy

8.644 8.709

1 1

($355.00)

Buy Sell

05/05/2004 09:40 Buy 05/05/2004 11:00 Short

8.709 8.679

1 1

($180.00)

@SI.C

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@SI.C

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@SI.C

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@SI.C

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@SI.C

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@SI.C

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@SI.C

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@SI.C

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@SI.C

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@SI.C

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@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

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@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

hypothetical

59

02/11/2004 10:20 Buy 02/11/2004 10:40 Short

hypothetical

58

Buy Sell

hypothetical

57


89 90 91 92 93 94 95 96 97 98 99 100

8.679 8.684

1 1

($55.00)

Buy Sell

05/05/2004 13:00 Buy 05/05/2004 21:40 Short

8.684 8.644

1 1

($230.00)

Short Cover

05/05/2004 21:40 Short 05/12/2004 09:20 Buy

8.644 8.314

1 1

$1,620.00

Buy Sell

05/12/2004 09:20 Buy 05/12/2004 11:40 Short

8.314 8.204

1 1

($580.00)

Short Cover

05/12/2004 11:40 Short 05/14/2004 08:40 Buy

8.204 8.184

1 1

$70.00

Buy Sell

05/14/2004 08:40 Buy 05/18/2004 06:00 Short

8.184 8.309

1 1

$595.00

Short Cover

05/18/2004 06:00 Short 05/19/2004 09:00 Buy

8.309 8.334

1 1

($155.00)

Buy Sell

05/19/2004 09:00 Buy 05/20/2004 13:40 Short

8.334 8.389

1 1

$245.00

Short Cover

05/20/2004 13:40 Short 05/20/2004 16:00 Buy

8.389 8.414

1 1

($155.00)

Buy Sell

05/20/2004 16:00 Buy 05/24/2004 06:00 Short

8.414 8.424

1 1

$20.00

Short Cover

05/24/2004 06:00 Short 05/24/2004 11:40 Buy

8.424 8.504

1 1

($430.00)

Buy Sell

05/24/2004 11:40 Buy 05/26/2004 12:00 Short

8.504 8.639

1 1

$645.00

Short Cover

05/26/2004 12:00 Short 05/26/2004 16:00 Buy

8.639 8.664

1 1

($155.00)

Buy Sell

05/26/2004 16:00 Buy 05/27/2004 07:00 Short

8.664 8.649

1 1

($105.00)

Short Cover

05/27/2004 07:00 Short 05/27/2004 09:20 Buy

8.649 8.734

1 1

($455.00)

@SI.C

SS_hilo_entry, SS_...

@SI.C

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@SI.C

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@SI.C

SS_hilo_entry, SS_...

@SI.C

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@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

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@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

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@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

@SI.C

SS_hilo_entry, SS_...

hypothetical

88

05/05/2004 11:00 Short 05/05/2004 13:00 Buy

hypothetical

87

Short Cover

hypothetical

86


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