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
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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
ALLEGIANT TRAVEL CO COM 01748X102 9,832 92,760 SH   SOLE   0 92,760 0
ALLIANCE DATA SYS CORP COM COM 018581108 32,117 177,410 SH   SOLE   0 177,410 0
AMERICAN AXLE & MFG COM COM 024061103 10,182 546,550 SH   SOLE   0 546,550 0
AMERICAN POWER GROUP CORP COM 02906V102 27 43,485 SH   SOLE   0 43,485 0
ASBURY AUTOMOTIVE GP COM COM 043436104 8,571 213,740 SH   SOLE   0 213,740 0
American International Group COM 026874784 16,470 368,455 SH   SOLE   0 368,455 0
Anadarko Petroleum Corp. COM 032511107 1,348 15,690 SH   SOLE   0 15,690 0
Apple Computer Inc. COM 037833100 7,288 18,379 SH   SOLE   0 18,379 0
BELLATRIX EXPLORATION COM COM 078314101 352 57,935 SH   SOLE   0 57,935 0
Berkshire Hathaway CL B COM 084670702 12,669 113,200 SH   SOLE   0 113,200 0
C&J ENERGY SVCS INC COM COM 12467B304 2,068 106,775 SH   SOLE   0 106,775 0
CELGENE CORP COM COM 151020104 16,715 142,885 SH   SOLE   0 142,885 0
CLEAN ENERGY FUELS CRP COM COM 184499101 5,950 450,785 SH   SOLE   0 450,785 0
COVIDIEN PLC SHS COM G2554F113 10,945 174,170 SH   SOLE   0 174,170 0
CYPRESS SEMICONDUCTOR COM COM 232806109 3,432 319,867 SH   SOLE   0 319,867 0
Cirrus Logic Inc. COM 172755100 3,656 210,600 SH   SOLE   0 210,600 0
Cisco Systems Inc COM 17275R102 1,189 48,869 SH   SOLE   0 48,869 0
Citigroup Inc. COM 172967424 15,914 331,750 SH   SOLE   0 331,750 0
Corning Inc. COM 219350105 8,407 590,827 SH   SOLE   0 590,827 0
DIRECTV GROUP INC COM COM 25490a309 6,189 100,400 SH   SOLE   0 100,400 0
DISCOVER FINL SVCS COM COM 254709108 1,725 36,210 SH   SOLE   0 36,210 0
Delta Air Lines COM 247361702 1,450 77,485 SH   SOLE   0 77,485 0
EMAGIN CORP COM NEW COM 29076N206 228 64,105 SH   SOLE   0 64,105 0
EZCHIP SEMICONDUCTOR COM M4146Y108 8,669 321,205 SH   SOLE   0 321,205 0
FUEL SYS SOLUTIONS INC COM COM 35952W103 1,446 80,833 SH   SOLE   0 80,833 0
GILEAD SCIENCES INC COM COM 375558103 9,563 186,525 SH   SOLE   0 186,525 0
GLOBUS MED INC CL A COM 379577208 1,621 96,150 SH   SOLE   0 96,150 0
General Electric COM 369604103 13,971 602,445 SH   SOLE   0 602,445 0
General Motors Co. COM 37045V100 15,224 457,050 SH   SOLE   0 457,050 0
HANESBRANDS INC COM COM 410345102 2,076 40,365 SH   SOLE   0 40,365 0
Halliburton Co. COM 406216101 18,247 437,375 SH   SOLE   0 437,375 0
INNOVATIVE SOLTNS&SUPP COM COM 45769N105 2,572 401,919 SH   SOLE   0 401,919 0
INTUITIVE SURGICAL INC COM NEW COM 46120E602 1,168 2,308 SH   SOLE   0 2,308 0
Intel Corp COM 458140100 4,768 196,800 SH   SOLE   0 196,800 0
International Business Machine COM 459200101 961 5,030 SH   SOLE   0 5,030 0
J.P. Morgan Chase & Co. COM 46625H100 23,574 446,555 SH   SOLE   0 446,555 0
LATTICE SEMICONDUCTOR CORP COM 518415104 3,246 640,270 SH   SOLE   0 640,270 0
LINCOLN NATL CORP IND COM COM 534187109 11,112 304,695 SH   SOLE   0 304,695 0
MYRIAD GENETICS INC COM COM 62855J104 12,949 481,900 SH   SOLE   0 481,900 0
Microsoft Corp COM 594918104 22,469 650,435 SH   SOLE   0 650,435 0
Morgan Stanley COM 617446448 275 11,260 SH   SOLE   0 11,260 0
NUPATHE INC COM COM 67059M100 34 11,000 SH   SOLE   0 11,000 0
Oracle Corp COM 68389X105 16,255 529,303 SH   SOLE   0 529,303 0
PHILIP MORRIS INTL. INC. COM 718172109 21,130 243,942 SH   SOLE   0 243,942 0
Pfizer Inc COM 717081103 1,019 36,364 SH   SOLE   0 36,364 0
Pulte Homes, Inc. COM 745867101 2,531 133,400 SH   SOLE   0 133,400 0
REX ENERGY CORP COM 761565100 14,442 821,510 SH   SOLE   0 821,510 0
Rush Enterprises CLA COM 781846209 9,529 385,002 SH   SOLE   0 385,002 0
Rush Enterprises CLB COM 781846308 1,681 78,107 SH   SOLE   0 78,107 0
SONIC AUTOMOTIVE INC CL A COM 83545G102 20,667 977,620 SH   SOLE   0 977,620 0
SPIRIT AIRLS INC COM COM 848577102 1,916 60,415 SH   SOLE   0 60,415 0
State Street Corp COM 857477103 20,864 319,953 SH   SOLE   0 319,953 0
TEVA PHARMACEUTCL INDS ADR COM 881624209 6,651 169,660 SH   SOLE   0 169,660 0
UNIVERSAL DISPLAY CORP COM COM 91347P105 5,771 205,285 SH   SOLE   0 205,285 0
WESTPORT INNOVATIONS COM NEW COM 960908309 20,310 605,727 SH   SOLE   0 605,727 0
ISHARES INC MSCI TAIWAN ETF 464286731 906 68,155 SH   SOLE   0 68,155 0
CALL AMERICAN CAPITAL LTD 12 E CALL 4180324 953 4,020 SH   SOLE   0 4,020 0
CALL MICROSOFT CORP $28 EXP 01 CALL 4345707 1,521 2,012 SH   SOLE   0 2,012 0
CALL MORGAN STANLEY $17 EXP 01 CALL 123456789 3,160 4,000 SH   SOLE   0 4,000 0