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
AIRGAS INC COM 009363102 481 4,535 SH   SOLE   0 0 4,535
ALTRIA GROUP INC COM 02209S103 5,642 112,800 SH   SOLE   0 0 112,800
AMAZON COM INC COM 023135106 6,102 16,399 SH   SOLE   0 0 16,399
ANIKA THERAPEUTICS INC COM 035255108 1,657 40,250 SH   SOLE   0 0 40,250
ANSYS INC COM 03662Q105 2,470 28,005 SH   SOLE   0 0 28,005
APPLE INC COM 037833100 9,531 76,594 SH   SOLE   0 0 76,594
AT&T CORP NEW COM 00206R102 245 7,512 SH   SOLE   0 0 7,512
CHEVRON CORP COM 166764100 3,572 34,024 SH   SOLE   0 0 34,024
CHICAGO BRIDGE AND IRON CO COM 167250109 2,710 55,006 SH   SOLE   0 0 55,006
CIENA CORP COM 171779309 2,237 115,840 SH   SOLE   0 0 115,840
COCA-COLA CO COM 191216100 807 19,902 SH   SOLE   0 0 19,902
COMPASS MINERALS INTERNATION I COM 20451N101 2,579 27,671 SH   SOLE   0 0 27,671
CORNING INC COM 219350105 4,632 204,236 SH   SOLE   0 0 204,236
CREE INC COM 225447101 2,012 56,692 SH   SOLE   0 0 56,692
CUMMINS INC COM 231021106 4,599 33,170 SH   SOLE   0 0 33,170
DEVON ENERGY CORP COM 25179M103 1,910 31,675 SH   SOLE   0 0 31,675
ELMIRA SAVINGS BANK COM 289660102 4,163 204,083 SH   SOLE   0 0 204,083
EMC CORP COM 268648102 3,589 140,428 SH   SOLE   0 0 140,428
EXXON MOBIL CORP COM 30231G102 3,120 36,710 SH   SOLE   0 0 36,710
GENERAL ELECTRIC CO COM 369604103 5,887 237,272 SH   SOLE   0 0 237,272
GOLDMAN SACHS GROUP INC COM 38141G104 4,195 22,319 SH   SOLE   0 0 22,319
INFINERA CORP COM 45667G103 2,872 146,000 SH   SOLE   0 0 146,000
INTEL CORP COM 458140100 4,859 155,397 SH   SOLE   0 0 155,397
INTL BUSINESS MACHINES COM 459200101 2,704 16,844 SH   SOLE   0 0 16,844
INTUITIVE SURGICAL COM 46120E602 3,602 7,132 SH   SOLE   0 0 7,132
JOHNSON & JOHNSON COM 478160104 349 3,473 SH   SOLE   0 0 3,473
MEDTRONIC INC COM 585055106 704 9,026 SH   SOLE   0 0 9,026
MERCK & CO INC COM 58933Y105 208 3,627 SH   SOLE   0 0 3,627
MICROSOFT CORP COM 594918104 368 9,052 SH   SOLE   0 0 9,052
MONDELEZ INTERNATIONAL INC COM 609207105 596 16,525 SH   SOLE   0 0 16,525
PEPSICO INC COM 713448108 4,053 42,388 SH   SOLE   0 0 42,388
PHILIP MORRIS INTERNATIONAL IN COM 718172109 1,348 17,899 SH   SOLE   0 0 17,899
PRECISION CASTPARTS CORP COM 740189105 2,901 13,813 SH   SOLE   0 0 13,813
PROCTER & GAMBLE COM 742718109 3,649 44,536 SH   SOLE   0 0 44,536
QUALCOMM INC COM 747525103 3,390 48,894 SH   SOLE   0 0 48,894
ROYAL DUTCH SHELL B ADR COM 780259107 515 8,209 SH   SOLE   0 0 8,209
SCHLUMBERGER LTD COM 806857108 3,188 38,210 SH   SOLE   0 0 38,210
SPIRIT AIRLINES INC COM 848577102 2,110 27,275 SH   SOLE   0 0 27,275
STARBUCKS CORP COM 855244109 3,491 36,865 SH   SOLE   0 0 36,865
STRATASYS LTD COM M85548101 4,399 83,340 SH   SOLE   0 0 83,340
TARGET CORP COM 87612E106 552 6,725 SH   SOLE   0 0 6,725
TWITTER INC COM 90184L102 2,612 52,160 SH   SOLE   0 0 52,160
UNION PACIFIC CORP COM 907818108 3,710 34,250 SH   SOLE   0 0 34,250
UNITED TECHNOLOGIES COM 913017109 5,575 47,566 SH   SOLE   0 0 47,566
VALERO ENERGY CORP COM 91913Y100 2,432 38,230 SH   SOLE   0 0 38,230
VERIZON COMMUNICATIONS COM 92343V104 6,898 141,841 SH   SOLE   0 0 141,841
WALT DISNEY CO COM 254687106 240 2,289 SH   SOLE   0 0 2,289
GUGGENHEIM S&P 500 EQ WEIGHT H COM 78355W841 1,142 7,355 SH   SOLE   0 0 7,355
GUGGENHEIM S&P 500 EQUAL WT COM 78355W882 4,099 44,735 SH   SOLE   0 0 44,735
ISHARES NASDAQ BIOTECH INDX COM 464287556 7,644 22,257 SH   SOLE   0 0 22,257
ISHARES S&P U.S. PREFERRED STO COM 464288687 3,472 86,550 SH   SOLE   0 0 86,550
POWERSHARES S&P 500 LOW VOLATI COM 73937B779 660 17,405 SH   SOLE   0 0 17,405
SECTOR SPDR ENERGY SELECT SHAR COM 81369Y506 2,364 30,475 SH   SOLE   0 0 30,475
UTILITIES SELECT SECTOR SPDR COM 81369Y886 625 14,063 SH   SOLE   0 0 14,063
PIMCO TOTAL RETURN ETF COM 72201R775 264 2,400 SH   SOLE   0 0 2,400
ISHARES TR COMEX GOLD COM 464285105 321 28,069 SH   SOLE   0 0 28,069