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
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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
3M Company COM 88579Y101 1,984 14,622 SH   SOLE   14,622 0 0
AT&T Corp COM 00206r102 1,003 28,597 SH   SOLE   28,597 0 0
ATP Oil & Gas Corp COM 00208J108 0 13,700 SH   SOLE   13,700 0 0
AbbVie Inc COM 00287y109 816 15,875 SH   SOLE   15,875 0 0
Abbott Labs COM 002824100 284 7,380 SH   SOLE   7,380 0 0
Alimera Sciences, Inc COM 016259103 303 38,450 SH   SOLE   38,450 0 0
Altria Group Inc. COM 02209S103 225 6,000 SH   SOLE   6,000 0 0
AmTrust Financial Services COM 032359309 326 8,664 SH   SOLE   8,664 0 0
AmeriSource Bergen Corp COM 03073E105 254 3,875 SH   SOLE   3,875 0 0
American International Group COM 026874784 315 6,308 SH   SOLE   6,308 0 0
Apple Computer, Inc. COM 037833100 3,294 6,137 SH   SOLE   6,137 0 0
Applied Materials COM 038222105 234 11,484 SH   SOLE   11,484 0 0
Atrion Corp COM 049904105 306 1,000 SH   SOLE   1,000 0 0
AutoNations COM 05329W102 245 4,600 SH   SOLE   4,600 0 0
BB&T Corp COM 054937107 1,311 32,646 SH   SOLE   32,646 0 0
Baxter Intl Inc. COM 071813109 2,230 30,305 SH   SOLE   30,305 0 0
Blackstone Group LP COM 09253U108 533 16,026 SH   SOLE   16,026 0 0
Bristol Myers Squibb COM 110122108 424 8,160 SH   SOLE   8,160 0 0
CBL & Assoc Prop COM 124830100 229 12,876 SH   SOLE   12,876 0 0
CVS Corp COM 126650100 5,527 73,835 SH   SOLE   73,835 0 0
Cabela's Inc COM 126804301 254 3,870 SH   SOLE   3,870 0 0
Calypso Wireless COM 131720104 0 21,750 SH   SOLE   21,750 0 0
Canadian Natural Resources Ltd COM 136385101 307 8,000 SH   SOLE   8,000 0 0
CarMax, Inc COM 143130102 375 8,020 SH   SOLE   8,020 0 0
Cardinal Health, Inc. COM 14149Y108 492 7,033 SH   SOLE   7,033 0 0
Caterpillar COM 149123101 636 6,405 SH   SOLE   6,405 0 0
ChevronTexaco Corporation COM 166764100 937 7,884 SH   SOLE   7,884 0 0
Cincinnati Finl COM 172062101 1,521 31,251 SH   SOLE   31,251 0 0
Cisco Systems, Inc. COM 17275R102 1,648 73,524 SH   SOLE   73,524 0 0
Citigroup Inc New COM 172967424 316 6,642 SH   SOLE   6,642 0 0
Coca Cola COM 191216100 2,180 56,378 SH   SOLE   56,378 0 0
Coca Cola Enterprise COM 191219104 249 5,220 SH   SOLE   5,220 0 0
Compuware Corp COM 205638109 234 22,305 SH   SOLE   22,305 0 0
ConocoPhillips COM 20825C104 2,024 28,764 SH   SOLE   28,764 0 0
CorEnergy Infrastructure Trust COM 21870U205 118 17,525 SH   SOLE   17,525 0 0
Cornerstone Community Bank COM 218924108 85 34,714 SH   SOLE   34,714 0 0
Costco Wholesale Corp COM 22160K105 392 3,513 SH   SOLE   3,513 0 0
Danaher Corp COM 235851102 3,375 44,999 SH   SOLE   44,999 0 0
Delta Air Lines Inc New COM 247361702 422 12,175 SH   SOLE   12,175 0 0
Dentsply Intn'l. COM 249030107 2,706 58,767 SH   SOLE   58,767 0 0
Diamond Offshore Drilling, Inc COM 25271c102 390 8,000 SH   SOLE   8,000 0 0
Dollar Tree, Inc COM 256746108 1,348 25,843 SH   SOLE   25,843 0 0
Dover Corp COM 260003108 2,679 32,776 SH   SOLE   32,776 0 0
Dow 30 COM 78467x109 2,191 13,340 SH   SOLE   13,340 0 0
DuPont COM 263534109 2,223 33,132 SH   SOLE   33,132 0 0
Earthlink Inc. Com COM 27033x101 58 16,000 SH   SOLE   16,000 0 0
Emerson Electric Co COM 291011104 1,526 22,850 SH   SOLE   22,850 0 0
Express Scripts Inc COM 30219G108 285 3,790 SH   SOLE   3,790 0 0
Extendicare COM 30224t863 201 32,070 SH   SOLE   32,070 0 0
Exxon Mobil Corp COM 30231G102 844 8,640 SH   SOLE   8,640 0 0
Facebook Inc. COM 30303m102 1,282 21,286 SH   SOLE   21,286 0 0
Fannie Mae COM 313586109 39 10,000 SH   SOLE   10,000 0 0
First Bancorp NC COM 318910110 764 40,230 SH   SOLE   40,230 0 0
First Financial Holdings, Inc. COM 32023e105 1,233 19,683 SH   SOLE   19,683 0 0
First Financial Northwest COM 32022K102 206 20,268 SH   SOLE   20,268 0 0
Ford Mtr Co COM 345370860 1,168 74,894 SH   SOLE   74,894 0 0
Freeport-McMoRan Copper & Gold COM 35671D857 210 6,361 SH   SOLE   6,361 0 0
General Electric Co COM 369604103 1,988 76,773 SH   SOLE   76,773 0 0
General Motors Corp COM 37045v100 385 11,195 SH   SOLE   11,195 0 0
GlaxoSmithKline PLC COM 37733w105 490 9,167 SH   SOLE   9,167 0 0
Goldman Sachs Group Inc COM 38141G104 207 1,262 SH   SOLE   1,262 0 0
Greenville Nat'l Bank COM 396242109 237 1,500 SH   SOLE   1,500 0 0
Group 1 Automotive, Inc COM 398905109 492 7,500 SH   SOLE   7,500 0 0
Halliburton Co COM 406216101 264 4,489 SH   SOLE   4,489 0 0
Heilig Meyers Co COM 422893107 0 10,562 SH   SOLE   10,562 0 0
Home Depot, Inc. COM 437076102 3,070 38,796 SH   SOLE   38,796 0 0
Honeywell Intl Inc COM 438516106 716 7,721 SH   SOLE   7,721 0 0
I B M COM 459200101 2,480 12,882 SH   SOLE   12,882 0 0
IShr MSCI EAFE COM 464287465 217 3,227 SH   SOLE   3,227 0 0
IShr MSCI Emerg Mkts ETF COM 464287234 728 17,747 SH   SOLE   17,747 0 0
Infinera Corporation COM 45667g103 106 11,700 SH   SOLE   11,700 0 0
Intel Corp COM 458140100 2,194 85,010 SH   SOLE   85,010 0 0
Investors Title Company COM 461804106 505 6,649 SH   SOLE   6,649 0 0
Isle of Capir Casinos Inc COM 464592104 276 36,000 SH   SOLE   36,000 0 0
J.P. Morgan & Co, Inc. COM 46625H100 787 12,962 SH   SOLE   12,962 0 0
JPMorgan MLP Index COM 46625H365 1,185 25,465 SH   SOLE   25,465 0 0
JetBlue Airways Corp COM 477143101 96 11,000 SH   SOLE   11,000 0 0
Johnson & Johnson COM 478160104 3,250 33,084 SH   SOLE   33,084 0 0
Johnson Controls Inc. COM 478366107 1,454 30,725 SH   SOLE   30,725 0 0
KeyCorp COM 493267108 202 14,161 SH   SOLE   14,161 0 0
Kimberly Clark Corp COM 494368103 1,271 11,530 SH   SOLE   11,530 0 0
Kinder Morgan Energy Partners COM 494550106 686 9,275 SH   SOLE   9,275 0 0
Kinder Morgan Inc. Cl P COM 49456b101 306 9,410 SH   SOLE   9,410 0 0
Knowles Corporation COM 49926d109 517 16,375 SH   SOLE   16,375 0 0
Kraft Foods Group, Inc. COM 50076Q106 1,716 30,592 SH   SOLE   30,592 0 0
L-3 Communications Hldgs Inc COM 502424104 752 6,366 SH   SOLE   6,366 0 0
LeapFrog Enterprises COM 52186N106 119 15,815 SH   SOLE   15,815 0 0
Leggett & Platt, Inc. COM 524660107 1,118 34,250 SH   SOLE   34,250 0 0
MBIA, Inc. COM 55262C100 147 10,505 SH   SOLE   10,505 0 0
Masco Corp COM 574599106 446 20,070 SH   SOLE   20,070 0 0
McDonalds Corp COM 580135101 1,411 14,397 SH   SOLE   14,397 0 0
Microsoft Corp COM 594918104 293 7,156 SH   SOLE   7,156 0 0
Midcap Index COM 78467Y107 402 1,606 SH   SOLE   1,606 0 0
Mondelez International, Inc. COM 609207105 1,389 40,192 SH   SOLE   40,192 0 0
Moodys Corp COM 615369105 286 3,608 SH   SOLE   3,608 0 0
NEWMONT MINING CORP COM COM 651639106 417 17,780 SH   SOLE   17,780 0 0
National Oilwell, Inc. COM 637071101 547 7,030 SH   SOLE   7,030 0 0
Pepsico, Inc. COM 713448108 1,739 20,830 SH   SOLE   20,830 0 0
Perrigo COM g97822103 5,169 33,420 SH   SOLE   33,420 0 0
Pfizer, Inc. COM 717081103 1,323 41,198 SH   SOLE   41,198 0 0
Philip Morris Internation Inc COM 718172109 325 3,975 SH   SOLE   3,975 0 0
Phillips 66 COM 718546104 469 6,080 SH   SOLE   6,080 0 0
Potash Corp Sask COM 73755l107 1,288 35,563 SH   SOLE   35,563 0 0
Procter & Gamble Co COM 742718109 2,146 26,621 SH   SOLE   26,621 0 0
QualComm Inc COM 747525103 535 6,784 SH   SOLE   6,784 0 0
Range Resources Corp COM 75281a109 227 2,735 SH   SOLE   2,735 0 0
Real Estate Investment Trust I COM 922908553 408 5,774 SH   SOLE   5,774 0 0
Regions Financial Corp COM 7591EP100 120 10,786 SH   SOLE   10,786 0 0
RetailMeNot, Inc. COM 76132B106 204 6,375 SH   SOLE   6,375 0 0
S E I Corp COM 784117103 930 27,660 SH   SOLE   27,660 0 0
S&P 500 Index COM 78462F103 1,312 7,015 SH   SOLE   7,015 0 0
SPDR Cons Staples Select COM 81369Y308 278 6,455 SH   SOLE   6,455 0 0
SPDR Energy Sel Select COM 81369Y506 1,397 15,688 SH   SOLE   15,688 0 0
SPDR Financial Select COM 81369Y605 2,720 121,735 SH   SOLE   121,735 0 0
SPDR Health Care Slct COM 81369y209 208 3,555 SH   SOLE   3,555 0 0
SPDR Industrials Select COM 81369Y704 617 11,788 SH   SOLE   11,788 0 0
SPDR Materials Select COM 81369Y100 791 16,738 SH   SOLE   16,738 0 0
SPDR S&P Oil & Gas Eqmnt COM 78464A748 690 15,037 SH   SOLE   15,037 0 0
SPDR S&P Oil & Gas Exploration COM 78464A730 728 10,141 SH   SOLE   10,141 0 0
SPDR S&P Semicond ETF COM 78464A862 745 10,819 SH   SOLE   10,819 0 0
SPDR Select Technology COM 81369Y803 700 19,265 SH   SOLE   19,265 0 0
SPDR Utilities ETF COM 81369Y886 1,582 38,149 SH   SOLE   38,149 0 0
Schlumberger Ltd COM 806857108 339 3,480 SH   SOLE   3,480 0 0
SodaStream Intl Ltd COM m9068e105 206 4,665 SH   SOLE   4,665 0 0
Sonoco Prods Co COM 835495102 452 11,021 SH   SOLE   11,021 0 0
Southern Company COM 842587107 595 13,542 SH   SOLE   13,542 0 0
Spectra Energy Corp COM 847560109 776 20,996 SH   SOLE   20,996 0 0
Stanley Black and Decker COM 854502101 685 8,428 SH   SOLE   8,428 0 0
State Street Corp COM 857477103 325 4,667 SH   SOLE   4,667 0 0
SunTrust Bks Inc COM 867914103 334 8,399 SH   SOLE   8,399 0 0
Teva Pharmaceutical Indus COM 881624209 1,195 22,612 SH   SOLE   22,612 0 0
The Female Health Company COM 314462102 207 26,675 SH   SOLE   26,675 0 0
Thermo Fisher Scientific, Inc COM 883556102 882 7,335 SH   SOLE   7,335 0 0
Ultra Petroleum Corp COM 903914109 465 17,307 SH   SOLE   17,307 0 0
United Technologies COM 913017109 222 1,900 SH   SOLE   1,900 0 0
UnitedHealth Group Inc COM 91324P102 572 6,973 SH   SOLE   6,973 0 0
Vanguard Emer Mkts ETF COM 922042858 1,895 46,704 SH   SOLE   46,704 0 0
Vanguard Energy ETF COM 92204a306 244 1,900 SH   SOLE   1,900 0 0
Vanguard Info Tech ETF COM 92204A702 2,465 26,928 SH   SOLE   26,928 0 0
Vanguard MSCI Europe ETF COM 922042874 363 6,160 SH   SOLE   6,160 0 0
Vanguard Total Stock Market ET COM 922908769 3,768 38,654 SH   SOLE   38,654 0 0
Verizon Communications COM 92343v104 809 17,004 SH   SOLE   17,004 0 0
Watts Water Technologies Inc COM 942749102 2,265 38,590 SH   SOLE   38,590 0 0
WellPoint Health Networks COM 94973V107 486 4,885 SH   SOLE   4,885 0 0
Wells Fargo & Co COM 949746101 982 19,740 SH   SOLE   19,740 0 0
World Acceptance COM 981419104 3,485 46,415 SH   SOLE   46,415 0 0
eBay Inc COM 278642103 283 5,130 SH   SOLE   5,130 0 0
iShares DJ US Real Estate COM 464287739 298 4,410 SH   SOLE   4,410 0 0
iShr DJ US Consumer Cyclical COM 464287580 966 8,034 SH   SOLE   8,034 0 0
ProShares Short 20+ Year Treas COM 74347X849 346 11,385 SH   SOLE   11,385 0 0
ProShares Short QQQ COM 74347R602 190 10,500 SH   SOLE   10,500 0 0
Short Dow30 ProShares COM 74347R701 310 11,930 SH   SOLE   11,930 0 0
Short S&P 500 ProShares COM 74347R503 296 12,000 SH   SOLE   12,000 0 0
UltraShort 20+ Year Treasury COM 74347B201 844 12,493 SH   SOLE   12,493 0 0
UltraShort S&P 500 Proshares COM 74347B300 383 13,515 SH   SOLE   13,515 0 0