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Portfolio Performance as at 06/22/2005

Snapshot of our Portfolio as of June 22nd, 2005.

Symbol Name   Last % Change Cost BasisMarket Value % Basic Gain 

 GI
ACGL
 Arch Capital Group Ltd. 

$43.45 0.37% $992.92$1,042.80 5.02% 

CDIS
 Cal Dive International, Inc. 

$51.41 1.66% $988.00$1,028.20 4.07% 

CRDN
 Ceradyne, Inc. 

$21.62 -0.92% $1,000.22$1,145.86 14.56% 

ELBO
 Electronics Boutique Holdings Corp. 

$63.04 0.64% $974.78$1,386.88 42.28% 

GFR
 Great American Financial 

$18.68 -0.05% $992.80$1,158.16 16.66% 

MCRI
 Monarch Casino & Resort 

$21.12 3.13% $986.20$950.40 -3.63% 

WEBX
 WebEx Communications, Inc 

$26.96 -0.74% $990.41$1,159.28 17.05% 

  Total Account Value       $6,925.33$7,871.58 13.66%

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Paradysz Matera

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