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
AFFIMED NV COM N01045108 194 27,205 SH   SOLE   4,065 0 23,140
ALLEGIANT TRAVEL CO COM 01748X102 8,791 52,381 SH   SOLE   52,091 0 290
ALLIANCE DATA SYS CORP COM COM 018581108 33,526 121,220 SH   SOLE   112,277 0 8,943
AMERICAN AXLE & MFG COM COM 024061103 214 11,300 SH   SOLE   1,300 0 10,000
AMERICAN CAPITAL LTD COM 02503Y103 143 10,400 SH   SOLE   1,100 0 9,300
AMERICAN CAPITAL LTD COM 02503Y103 28 2,000 SH Call SOLE   2,000 0 0
ARRIS INTERNATIONAL PLC COM G0551A103 15,073 493,075 SH   SOLE   462,300 0 30,775
Annaly Capital Management COM 035710409 2,439 260,055 SH   SOLE   147,670 0 112,385
Annaly Capital Management COM 035710409 1,104 117,700 SH Call SOLE   25,200 0 92,500
Apple Computer Inc. COM 037833100 15,928 151,323 SH   SOLE   140,716 0 10,607
BELLATRIX EXPLORATION COM COM 078314101 975 805,920 SH   SOLE   785,850 0 20,070
Baker Hughes Inc. COM 057224107 5,127 111,095 SH   SOLE   93,035 0 18,060
Bristol Myers Squibb COM 110122108 14,567 211,755 SH   SOLE   198,450 0 13,305
CELANESE CORP-SERIES A COM 150870103 18,080 268,535 SH   SOLE   249,820 0 18,715
Cisco Systems Inc COM 17275R102 1,499 55,200 SH Call SOLE   12,200 0 43,000
Cisco Systems Inc COM 17275R102 353 13,000 SH Call SOLE   3,000 0 10,000
DSP GROUP INC COM COM 23332B106 178 18,845 SH   SOLE   2,960 0 15,885
Delta Air Lines COM 247361702 13,455 265,445 SH   SOLE   246,015 0 19,430
EPIZYME INC COM COM 29428V104 801 50,000 SH   SOLE   50,000 0 0
FLYHT AEROSPACE SOLUTI COM COM 30252U105 3 22,000 SH   SOLE   0 0 22,000
GILEAD SCIENCES INC COM COM 375558103 22,057 217,975 SH   SOLE   201,245 0 16,730
GOOD TIMES RESTAURANTS COM PAR COM 382140879 67 13,935 SH   SOLE   0 0 13,935
General Motors Co. COM 37045V100 12,060 354,600 SH Call SOLE   309,600 0 45,000
General Motors Co. COM 37045V100 170 5,000 SH Call SOLE   1,000 0 4,000
HANESBRANDS INC COM COM 410345102 11,809 401,250 SH   SOLE   366,400 0 34,850
Halliburton Co. COM 406216101 3,404 100,000 SH   SOLE   100,000 0 0
J.P. Morgan Chase & Co. COM 46625H100 23,548 356,620 SH   SOLE   337,130 0 19,490
KINDER MORGAN INC COM 49456B101 217 14,570 SH   SOLE   2,960 0 11,610
MACROGENICS INC COM COM 556099109 2,057 66,410 SH   SOLE   52,890 0 13,520
Microsoft Corp COM 594918104 16,012 288,613 SH   SOLE   262,018 0 26,595
Morgan Stanley COM 617446448 10,194 320,475 SH   SOLE   311,800 0 8,675
Morgan Stanley COM 617446448 32 1,000 SH Call SOLE   1,000 0 0
NEUSTAR INC CL A COM 64126X201 7,392 308,405 SH   SOLE   276,775 0 31,630
ON SEMICONDUCTOR CORP COM COM 682189105 12,423 1,267,700 SH   SOLE   1,170,415 0 97,285
OUTERWALL INC COM COM 690070107 7,811 213,770 SH   SOLE   194,925 0 18,845
Pfizer Inc COM 717081103 1,240 38,409 SH   SOLE   17,274 0 21,135
Pulte Homes, Inc. COM 745867101 259 14,550 SH   SOLE   1,850 0 12,700
Pulte Homes, Inc. COM 745867101 232 13,000 SH Call SOLE   3,000 0 10,000
QUICKLOGIC CORP COM COM 74837P108 92 81,245 SH   SOLE   70,000 0 11,245
REX ENERGY CORP COM 761565100 787 749,089 SH   SOLE   616,274 0 132,815
Rush Enterprises CLA COM 781846209 8,428 385,002 SH   SOLE   385,002 0 0
Rush Enterprises CLB COM 781846308 2,072 94,622 SH   SOLE   81,852 0 12,770
SPIRIT AIRLS INC COM COM 848577102 7,695 193,105 SH   SOLE   168,525 0 24,580
SPIRIT AIRLS INC COM COM 848577102 104 2,600 SH Call SOLE   600 0 2,000
SYNERON MEDICAL LTD ORD SHS COM M87245102 79 10,255 SH   SOLE   300 0 9,955
Schlumberger Ltd COM 806857108 4,171 59,805 SH   SOLE   54,725 0 5,080
TEEKAY TANKERS LTD CL A COM Y8565N102 326 47,400 SH   SOLE   40,255 0 7,145
TEVA PHARMACEUTCL INDS ADR COM 881624209 11,615 176,955 SH   SOLE   167,290 0 9,665
UNIVERSAL DISPLAY CORP COM COM 91347P105 6,901 126,765 SH   SOLE   120,995 0 5,770
WCI CMNTYS INC COM PAR $0.01 COM 92923C807 8,000 359,074 SH   SOLE   302,655 0 56,419
Williams Cos. Inc. COM 969457100 215 8,365 SH   SOLE   1,660 0 6,705
ZIX CORP COM COM 98974P100 54 10,710 SH   SOLE   0 0 10,710
DIANA SHIPPING INC PERP PFD SE PFD Y2066G112 179 12,530 SH   SOLE   2,320 0 10,210
ALERIAN MLP ETF ETF 00162Q866 10,014 831,070 SH   SOLE   758,360 0 72,710
POWERSHARES BUYBACK ACHIEVERS ETF 73935X286 6,381 140,360 SH   SOLE   123,750 0 16,610
DOUBLELINE INCOME SOLU COM CF 258622109 547 33,720 SH   SOLE   6,720 0 27,000
ALLIANCEBERNSTEIN HLDG UNIT LT MLP 01881G106 275 11,550 SH   SOLE   2,650 0 8,900
BOARDWALK PIPELIN PTNR UT LTD MLP 096627104 755 58,200 SH   SOLE   11,200 0 47,000
ENERGY TRANSFER PRTNRS UNIT LT MLP 29273R109 308 9,130 SH   SOLE   1,860 0 7,270
GASLOG PARTNERS LP UNIT LTD PT MLP Y2687W108 372 26,190 SH   SOLE   5,095 0 21,095
CELGENE CORP-CVR RT 151020112 21 17,485 SH   SOLE   1,675 0 15,810