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
ARC DOCUMENT SOLUTIONS INC CMN COM 00191G103 1,798 391,807 SH   SOLE   391,807 0 0
ADCARE HEALTH SYSTEMS, INC. CMN COM 00650W300 25 6,137 SH   SOLE   6,137 0 0
AGNICO EAGLE MINES LTD CMN COM 008474108 265 10,000 SH   SOLE   10,000 0 0
ALPHA PRO TECH LTD CMN COM 020772109 5 3,600 SH   SOLE   3,600 0 0
AMERCO CMN COM 023586100 184 1,000 SH   SOLE   1,000 0 0
AMERICAN EAGLE OUTFITTERS INC (NEW) COM 02553E106 840 60,019 SH   SOLE   60,019 0 0
AMERICAN INTL GROUP, INC. CMN COM 026874784 8,997 185,000 SH   SOLE   185,000 0 0
AMERISOURCEBERGEN CORPORATION CMN COM 03073E105 3,361 55,000 SH   SOLE   55,000 0 0
APPLE, INC. CMN COM 037833100 477 1,000 SH   SOLE   1,000 0 0
APPLIED MATERIALS INC CMN COM 038222105 5,312 303,000 SH   SOLE   303,000 0 0
ARROW ELECTRONICS INC. CMN COM 042735100 360 7,426 SH   SOLE   7,426 0 0
THE BANCORP INC CMN COM 05969A105 1,222 69,083 SH   SOLE   69,083 0 0
BANC OF CALIFORNIA INC CMN COM 05990K106 1,383 100,000 SH   SOLE   100,000 0 0
BANK OF AMERICA CORP CMN COM 060505104 12,674 918,406 SH   SOLE   918,406 0 0
BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A COM 084670108 6,305 37 SH   SOLE   37 0 0
BLACKSTONE GROUP L.P. (THE) CMN COM 09253U108 7,957 319,687 SH   SOLE   319,687 0 0
BODY CENTRAL ACQUISITION CORP. CMN COM 09689U102 6 1,000 SH   SOLE   1,000 0 0
BOISE INC. CMN COM 09746Y105 252 20,000 SH   SOLE   20,000 0 0
CIT GROUP INC. CMN CLASS COM 125581801 1,200 24,600 SH   SOLE   24,600 0 0
CVS CAREMARK CORPORATION CMN COM 126650100 1,135 20,000 SH   SOLE   20,000 0 0
CENTRAL SECURITIES CORP. MUTUAL FUND COM 155123102 171 7,300 SH   SOLE   7,300 0 0
CHEVRON CORPORATION CMN COM 166764100 7,156 58,900 SH   SOLE   58,900 0 0
CIBER INC CMN COM 17163B102 785 237,814 SH   SOLE   237,814 0 0
CISCO SYSTEMS, INC. CMN COM 17275R102 1,655 70,633 SH   SOLE   70,633 0 0
COMMUNITY WEST BANCSHARES CMN COM 204157101 28 5,000 SH   SOLE   5,000 0 0
CONTINENTAL MATERIALS CORP CMN COM 211615307 77 4,771 SH   SOLE   4,771 0 0
COWEN GROUP, INC. CMN COM 223622101 1,720 500,000 SH   SOLE   500,000 0 0
D.R. HORTON, INC. CMN COM 23331A109 2,586 133,100 SH   SOLE   133,100 0 0
DST SYSTEM INC COMMON STOCK COM 233326107 754 10,000 SH   SOLE   10,000 0 0
DAEGIS INC CMN COM 233720101 5 5,000 SH   SOLE   5,000 0 0
DOVER DOWNS GAMING & ENTMT INC CMN COM 260095104 22 16,157 SH   SOLE   16,157 0 0
EBAY INC. CMN COM 278642103 1,261 22,600 SH   SOLE   22,600 0 0
E Z CORP INC CL-A NON VTG CMN CLASS A COM 302301106 2,120 125,671 SH   SOLE   125,671 0 0
FEDFIRST FINANCIAL CORPORATION CMN COM 31429C101 85 4,390 SH   SOLE   4,390 0 0
FIRST CMNTY CORP S C CMN COM 319835104 201 19,301 SH   SOLE   19,301 0 0
FIRST FINL BANCORP CMN COM 320209109 1,171 77,161 SH   SOLE   77,161 0 0
FIRSTMERIT CORP CMN COM 337915102 1,733 79,791 SH   SOLE   79,791 0 0
FONAR CORPORATION CMN COM 344437405 6 1,000 SH   SOLE   1,000 0 0
FORD MOTOR COMPANY CMN COM 345370860 3,627 215,000 SH   SOLE   215,000 0 0
FORTRESS INVESTMENT GROUP LLC CMN CLASS A COM 34958B106 4,215 530,885 SH   SOLE   530,885 0 0
FULL HOUSE RESORTS CMN COM 359678109 3 1,197 SH   SOLE   1,197 0 0
GABELLI HEALTHCARE & WELLNESSR*X TRUST (THE) MUTUAL FUND COM 36246K103 112 10,925 SH   SOLE   10,925 0 0
GAP INC CMN COM 364760108 1,208 30,000 SH   SOLE   30,000 0 0
GENWORTH FINANCIAL INC CMN CLASS A COM 37247D106 209 16,300 SH   SOLE   16,300 0 0
GIBRALTAR INDUSTRIES INC CMN COM 374689107 545 38,233 SH   SOLE   38,233 0 0
GOLDMAN SACHS GROUP, INC.(THE) CMN COM 38141G104 7,535 47,625 SH   SOLE   47,625 0 0
HORSEHEAD HOLDING CORP. CMN COM 440694305 62 5,000 SH   SOLE   5,000 0 0
HUDSON GLOBAL, INC. CMN COM 443787106 16 4,845 SH   SOLE   4,845 0 0
ICAHN ENTERPRISES L.P. DEPOSITARY UNIT COM 451100101 74 888 SH   SOLE   888 0 0
ING AMERICA INSURANCE HOLDINGS*, INC. CMN COM 45685E106 2,308 79,000 SH   SOLE   79,000 0 0
INSPERITY INC CMN COM 45778Q107 2,268 60,329 SH   SOLE   60,329 0 0
INTERACTIVE BROKERS GROUP, INC*. CMN COM 45841N107 941 50,142 SH   SOLE   50,142 0 0
ISHARES MSCI JAPAN ETF ETF 464286848 2,957 248,100 SH   SOLE   248,100 0 0
JPMORGAN CHASE & CO CMN COM 46625H100 6,156 119,100 SH   SOLE   119,100 0 0
KEMET CORPORATION CMN COM 488360207 1 100 SH   SOLE   100 0 0
KROGER COMPANY CMN COM 501044101 6,051 150,000 SH   SOLE   150,000 0 0
LEUCADIA NATIONAL CORP CMN COM 527288104 556 20,400 SH   SOLE   20,400 0 0
MDC PARTNERS INC CMN CLASS A SUB VTG COM 552697104 234 8,363 SH   SOLE   8,363 0 0
MFC INDUSTRIAL LTD CMN COM 55278T105 28 3,373 SH   SOLE   3,373 0 0
MTS SYSTEMS CORP CMN COM 553777103 174 2,700 SH   SOLE   2,700 0 0
MVC CAPITAL INC CLOSED END FUND COM 553829102 722 55,278 SH   SOLE   55,278 0 0
MACY'S INC. CMN COM 55616P104 260 6,002 SH   SOLE   6,002 0 0
MARCHEX INC CMN CLASS B COM 56624R108 122 16,813 SH   SOLE   16,813 0 0
MORGAN STANLEY CMN COM 617446448 5,220 193,700 SH   SOLE   193,700 0 0
MURPHY OIL CORPORATION CMN COM 626717102 4,222 70,000 SH   SOLE   70,000 0 0
NATURES SUNSHINE PRODS INC CMN COM 639027101 457 24,035 SH   SOLE   24,035 0 0
NORDSTROM INC CMN COM 655664100 56 1,000 SH   SOLE   1,000 0 0
OAKTREE CAPITAL GROUP, LLC CMN COM 674001201 262 5,000 SH   SOLE   5,000 0 0
OCCIDENTAL PETROLEUM CORP CMN COM 674599105 935 10,000 SH   SOLE   10,000 0 0
OLD REPUBLIC INTL CORP CMN COM 680223104 4,845 314,600 SH   SOLE   314,600 0 0
PACIFIC PREMIER BANCORP CMN COM 69478X105 1,092 81,391 SH   SOLE   81,391 0 0
PHILIP MORRIS INTL INC CMN COM 718172109 5,195 60,000 SH   SOLE   60,000 0 0
QC HOLDINGS, INC. CMN COM 74729T101 6 2,749 SH   SOLE   2,749 0 0
RADIANT LOGISTICS INC CMN COM 75025X100 19 8,410 SH   SOLE   8,410 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 245,343 1,460,291 SH   SOLE   1,460,291 0 0
CALL/GLD @ 170 EXP 01/18/2014 CALL 78463V107 1 2 SH Call SOLE   2 0 0
CALL/GLD @ 165 EXP 01/18/2014 CALL 78463V107 1 8 SH Call SOLE   8 0 0
CALL/GLD @ 163 EXP 01/18/2014 CALL 78463V107 1 10 SH Call SOLE   10 0 0
CALL/GLD @ 164 EXP 01/18/2014 CALL 78463V107 1 10 SH Call SOLE   10 0 0
CALL/GLD @ 160 EXP 01/18/2014 CALL 78463V107 1 20 SH Call SOLE   20 0 0
CHARLES SCHWAB CORPORATION CMN COM 808513105 4,995 236,300 SH   SOLE   236,300 0 0
TJX COMPANIES INC (NEW) CMN COM 872540109 2,820 50,000 SH   SOLE   50,000 0 0
TOLL BROTHERS, INC. CMN COM 889478103 2,718 83,800 SH   SOLE   83,800 0 0
TRUEBLUE, INC. CMN COM 89785X101 1,873 78,018 SH   SOLE   78,018 0 0
TUCOWS INC. CMN COM 898697107 270 112,955 SH   SOLE   112,955 0 0
TWENTY-FIRST CENTURY FOX, INC. CMN CLASS A COM 90130A101 335 10,000 SH   SOLE   10,000 0 0
U.S. GLOBAL INVESTORS INC A CMN COM 902952100 3 1,000 SH   SOLE   1,000 0 0
UNITED INSURANCE HOLDINGS CORP CMN COM 910710102 1,766 200,000 SH   SOLE   200,000 0 0
UNITED ONLINE INC CMN COM 911268100 18 2,300 SH   SOLE   2,300 0 0
UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK COM 911312106 6,221 68,091 SH   SOLE   68,091 0 0
VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERS ETF 921908844 18,847 270,756 SH   SOLE   270,756 0 0
VANGUARD FTSE DEVELOPED MKTS CMN ETF ETF 921943858 17 434 SH   SOLE   434 0 0
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETF ETF 922042775 26 542 SH   SOLE   542 0 0
VANGUARD INDEX FDS S&P 500 ETF ETF 922908413 104,244 1,353,823 SH   SOLE   1,353,823 0 0
WELLCARE HEALTH PLANS INC CMN COM 94946T106 70 1,000 SH   SOLE   1,000 0 0
WEST BANCORPORATION INC CMN COM 95123P106 224 16,225 SH   SOLE   16,225 0 0
XILINX INCORPORATED CMN COM 983919101 8,808 188,000 SH   SOLE   188,000 0 0
XYLEM INC. CMN COM 98419M100 28 1,000 SH   SOLE   1,000 0 0
ACCENTURE PLC CMN COM G1151C101 3,682 50,000 SH   SOLE   50,000 0 0
GREENLIGHT CAPITAL RE LTD-A CMN COM G4095J109 560 19,696 SH   SOLE   19,696 0 0
LAZARD LTD CMN CLASS A COM G54050102 1,434 39,806 SH   SOLE   39,806 0 0
DHT HOLDINGS INC CMN COM Y2065G121 50 11,396 SH   SOLE   11,396 0 0