Returns for the week ending 5/30/08:

Strategic Growth Model (SGM) portfolio = +1.4%
Value of $10,000 invested at inception: $46,413

SGM holdings for next week (10 positions):
Holdings: RIMM MOS BIDU SQM GMXR GEOI CLR PSEM ARD SWN
SELL: none
BUY: none

SGM hedge position next week:
net-50%-long – Remove 50% of TWM position, using 1/6 of funds to buy TWM (TWM is 2x inverse Proshares ETF on Russell 2000 index)

Returns for the week ending 5/23/08:

Strategic Growth Model (SGM) portfolio = +2.1%
Value of $10,000 invested at inception: $45,762

SGM holdings for next week (10 positions):
Holdings: RIMM MOS BIDU CLR SQM GMXR GEOI PSEM ARD SWN
SELL: SOL CYBS
BUY: ARD SWN

SGM hedge position next week:
net-50%-long – use 1/6 of funds to buy TWM (TWM is 2x inverse Proshares ETF on Russell 2000 index)

Returns for the week ending 5/16/08:

Strategic Growth Model (SGM) portfolio = +3.8%
Value of $10,000 invested at inception: $44,800

SGM portfolio holdings for next week (10 positions):
Holdings: RIMM CLR MOS BIDU SOL SQM GMXR GEOI PSEM CYBS
SELL: TITN ATW MPWR
BUY: GEOI PSEM CYBS

SGM hedge position next week:
Market neutral - use 1/3 of funds to buy TWM (2x inverse R2K Proshares ETF)

Returns for the week ending 5/9/08:

Strategic Growth Model (SGM) portfolio = +1.8%
Value of $10,000 invested at inception: $43,165

SGM holdings for next week (10 positions):
Holdings: RIMM MOS BIDU CLR MPWR TITN SOL SQM GMXR ATW
SELL: POT NGS PSEM PDE ARD
BUY: CLR TITN SOL SQM GMXR ATW

SGM hedge position next week:
Market neutral - use 1/3 of funds to buy TWM (2x inverse R2K Proshares ETF)

Returns for the week ending 5/2/08:

Strategic Growth Model (SGM) portfolio = -4.0%
Value of $10,000 invested at inception: $42,390

SGM holdings for next week (9 positions):
Holdings: RIMM MOS ARD BIDU NGS POT PSEM PDE MPWR
SELL: BUCY WSCI TITN CLR SOL
BUY: POT PSEM PDE MPWR

SGM hedge position next week:
Market neutral - use 1/3 of funds to buy TWM (2x inverse R2K Proshares ETF)