The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Administradora de Fondos de Pe Sponsored ADR 00709P108 111 1,200 SH   SOLE   1,200 0 0
Astex Pharmaceuticals, Inc. COM 04624b103 66 7,800 SH   SOLE   7,800 0 0
Belo Corporation-A COM SER A 080555105 142 10,400 SH   SOLE   10,400 0 0
CFS Bancorp, Inc. COM 12525d102 60 5,400 SH   SOLE   5,400 0 0
CapitalSource Inc. COM 14055x102 108 9,100 SH   SOLE   9,100 0 0
Caplease, Inc. COM 140288101 150 17,700 SH   SOLE   17,700 0 0
Colonial Properties Trust COM SH BEN INT 195872106 130 5,800 SH   SOLE   5,800 0 0
Compuware Corporation COM 205638109 56 5,000 SH   SOLE   5,000 0 0
Cooper Tire & Rubber COM 216831107 80 2,600 SH   SOLE   2,600 0 0
Crimson Exploration Inc. COM NEW 22662K207 18 6,000 SH   SOLE   6,000 0 0
Dell Inc. COM 24702r101 62 4,500 SH   SOLE   4,500 0 0
Dole Food Company, Inc. COM 256603101 60 4,400 SH   SOLE   4,400 0 0
Edwards Group Limited Sponsored ADR 281736108 53 5,400 SH   SOLE   5,400 0 0
Elan Corporation plc ADR 284131208 146 9,400 SH   SOLE   9,400 0 0
Flow International Corporation COM 343468104 39 9,800 SH   SOLE   9,800 0 0
Globecomm Systems Inc. COM 37956x103 57 4,100 SH   SOLE   4,100 0 0
Harris Teeter Supermarkets, In COM 414585109 148 3,000 SH   SOLE   3,000 0 0
Hi-Tech Pharmacal Co., Inc. COM 42840b101 39 900 SH   SOLE   900 0 0
Hudson City Bancorp, Inc. COM 443683107 125 13,800 SH   SOLE   13,800 0 0
Life Technologies Corporation COM 53217v109 165 2,200 SH   SOLE   2,200 0 0
MAKO Surgical Corp. COM 560879108 94 3,200 SH   SOLE   3,200 0 0
MPG Office Trust, Inc. COM 553274101 88 28,100 SH   SOLE   28,100 0 0
Maidenform Brands, Inc. COM 560305104 170 7,249 SH   SOLE   7,249 0 0
Michael Baker Corporation COM 057149106 57 1,400 SH   SOLE   1,400 0 0
Molex Incorporated CL A 608554200 145 3,800 SH   SOLE   3,800 0 0
NV Energy, Inc. COM 67073y106 139 5,900 SH   SOLE   5,900 0 0
NYSE Euronext COM 629491101 176 4,200 SH   SOLE   4,200 0 0
Nash-Finch Company COM 631158102 111 4,200 SH   SOLE   4,200 0 0
National Technical Systems, In COM 638104109 57 2,500 SH   SOLE   2,500 0 0
OfficeMax Inc. COM 67622p101 128 10,000 SH   SOLE   10,000 0 0
Onyx Pharmaceuticals, Inc. COM 683399109 131 1,050 SH   SOLE   1,050 0 0
Optimer Pharmaceuticals, Inc. COM 68401H104 82 6,500 SH   SOLE   6,500 0 0
PVF Capital Corp. COM 693654105 58 14,100 SH   SOLE   14,100 0 0
Rochester Medical Corporation COM 771497104 102 5,100 SH   SOLE   5,100 0 0
Roma Financial Corporation COM 77581p109 112 6,000 SH   SOLE   6,000 0 0
SHFL entertainment, Inc. COM 78423R105 133 5,800 SH   SOLE   5,800 0 0
Saks Incorporated COM 79377w108 112 7,000 SH   SOLE   7,000 0 0
Sourcefire, Inc. COM 83616t108 167 2,200 SH   SOLE   2,200 0 0
StellarOne Corporation COM 85856G100 88 3,900 SH   SOLE   3,900 0 0
Sterling Bancorp- NY COM 859158107 81 5,900 SH   SOLE   5,900 0 0
Stewart Enterprises, Inc.-Cl. CL A 860370105 145 11,000 SH   SOLE   11,000 0 0
Taylor Capital Group, Inc. COM 876851106 126 5,700 SH   SOLE   5,700 0 0
Theragenics Corporation COM 883375107 26 11,800 SH   SOLE   11,800 0 0
Thomas Properties Group, Inc. COM 884453101 16 2,400 SH   SOLE   2,400 0 0
Vanguard Health Systems, Inc. COM 922036207 137 6,500 SH   SOLE   6,500 0 0
Virginia Commerce Bancorp, Inc COM 92778q109 112 7,200 SH   SOLE   7,200 0 0
Volterra Semiconductor Corpora COM 928708106 131 5,700 SH   SOLE   5,700 0 0
WMS Industries Inc. COM 929297109 158 6,100 SH   SOLE   6,100 0 0
Warner Chilcott PLC- Cl A SHS A g94368100 156 6,800 SH   SOLE   6,800 0 0
rue21, inc. COM 781295100 69 1,700 SH   SOLE   1,700 0 0
GMAC Cap Trust I PFD 361860208 56 2,100 SH   SOLE   2,100 0 0
ALERIAN MLP ETF ALERIAN MLP 00162Q866 290 16,470 SH   SOLE   0 0 16,470
AT&T INC COM 00206R102 189 5,600 SH   SOLE   0 0 5,600
ALTRIA GROUP INC COM 02209S103 263 7,675 SH   SOLE   0 0 7,675
AMERICAN INTERNATIONAL GROUP COM NEW 026874784 91 1,869 SH   SOLE   0 0 1,869
BANK OF AMERICA CORP COM 060505104 92 6,702 SH   SOLE   0 0 6,702
ETFS PALLADIUM TRUST SH BEN INT 26923A106 842 11,899 SH   SOLE   0 0 11,899
iSHARES S-T NATL AMT FREE MUNI BOND ETF SHT NTLAMTFR ETF 464288158 504 4,750 SH   SOLE   0 0 4,750
JPMORGAN CHASE & CO COM 46625H100 140 2,702 SH   SOLE   0 0 2,702
MARKET VECTORS GOLD MINERS GOLD MINER ETF 57060U100 323 12,915 SH   SOLE   0 0 12,915
MOSAIC CO (THE) COM 61945C103 1,074 24,970 SH   SOLE   0 0 24,970
PFIZER INC COM 717081103 231 8,045 SH   SOLE   0 0 8,045
PHILIP MORRIS INTERNATIONAL COM 718172109 63 725 SH   SOLE   0 0 725
ROYAL DUTCH SHELL ADR SPON ADR B 780259107 149 2,160 SH   SOLE   0 0 2,160
ROYAL DUTCH SHELL PLC-ADR A SPONS ADR A 780259206 2 28 SH   SOLE   0 0 28
WELLS FARGO & CO COM 949746101 150 3,629 SH   SOLE   0 0 3,629
WILLIAMS COS INC COM 969457100 81 2,250 SH   SOLE   0 0 2,250
WPX ENERGY INC COM 98212B103 16 749 SH   SOLE   0 0 749
XCEL ENERGY INC COM 98389B100 72 2,625 SH   SOLE   0 0 2,625