Combined portfolios update
12/31/11 - 731,195 Year-end 2011 close - reduced to 681,195 on 3/16/12
01/04 - 748,465 - 2012 valuation low
01/25 - 791,055
02/06 - 769,960
03/16 - 848,340
03/16 - 798,340 - reduce maligned banks portfolio by 50,000
03/30 - 828,440
04/13 - 788,920
04/27 - 846,025
06/04 - 735,030
06/29 - 852,565
07/11 - 824,315
07/19 - 893,280
07/25 - 863,690
10/18 1,004,540 - 2012 adjusted valuation high
11/06 - 967,595 - Election Day
11/09 - 934,205
11/15 - 902,360
11/16 - 910,635
Up 32.7%. 2012 Combined portfolio gains to date - based on gains (net of interest) of 226,790 on average daily balance of 693,700
Up 29.3%. 2012 Combined portfolio gains including an extra 90K in denominator for PFE portfolio naked put margin
Up 08.1%. 2012 S & P gains to date (1,258 to 1,360)
Sentiment: Buy