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
AMAZON COM INC COM 023135106 1,617 5,822 SH   SOLE 0 5,822 0 0
ANNALY CAP MGMT INC COM 035710409 471 37,464 SH   SOLE 0 37,464 0 0
APPLE INC COM 037833100 2,268 5,721 SH   SOLE 0 5,721 0 0
ASTORIA FINL CORP COM 046265104 126 11,707 SH   SOLE 0 11,707 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 450 6,530 SH   SOLE 0 6,530 0 0
BP PLC SPONSORED ADR 055622104 250 6,000 SH   SOLE 0 6,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 355 3,176 SH   SOLE 0 3,176 0 0
CBL & ASSOC PPTYS INC COM 124830100 2,064 96,368 SH   SOLE 0 96,368 0 0
CVS CAREMARK CORPORATION COM 126650100 1,135 19,845 SH   SOLE 0 19,845 0 0
CATERPILLAR INC DEL COM 149123101 1,636 19,835 SH   SOLE 0 19,835 0 0
CHUBB CORP COM 171232101 1,829 21,602 SH   SOLE 0 21,602 0 0
COCA COLA CO COM 191216100 4,117 102,647 SH   SOLE 0 102,647 0 0
DISNEY WALT CO COM DISNEY 254687106 399 6,311 SH   SOLE 0 6,311 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 653 12,430 SH   SOLE 0 12,430 0 0
EASTMAN CHEM CO COM 277432100 1,033 14,755 SH   SOLE 0 14,755 0 0
EBAY INC COM 278642103 1,481 28,639 SH   SOLE 0 28,639 0 0
FIRST LONG IS CORP COM 320734106 1,654 49,835 SH   SOLE 0 49,835 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,954 126,304 SH   SOLE 0 126,304 0 0
GENERAL DYNAMICS CORP COM 369550108 999 12,760 SH   SOLE 0 12,760 0 0
GENERAL ELECTRIC CO COM 369604103 2,305 99,383 SH   SOLE 0 99,383 0 0
H & Q HEALTHCARE INVESTORS SH BEN INT 404052102 1,717 74,715 SH   SOLE 0 74,715 0 0
HOME DEPOT INC COM 437076102 483 6,229 SH   SOLE 0 6,229 0 0
HOME PROPERTIES INC COM 437306103 2,674 40,907 SH   SOLE 0 40,907 0 0
INTEL CORP COM 458140100 2,402 99,143 SH   SOLE 0 99,143 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 425 13,070 SH   SOLE 0 13,070 0 0
ISHARES TR MSCI EMERG MKT 464287234 1,070 27,801 SH   SOLE 0 27,801 0 0
ISHARES TR RUSSELL 2000 464287655 466 4,800 SH   SOLE 0 4,800 0 0
ISHARES TR DJ US TELECOMM 464287713 2,406 93,058 SH   SOLE 0 93,058 0 0
ISHARES TR DJ US BAS MATL 464287838 1,542 22,993 SH   SOLE 0 22,993 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 265 3,099 SH   SOLE 0 3,099 0 0
KINGSTONE COS INC COM 496719105 496 95,091 SH   SOLE 0 95,091 0 0
KOHLS CORP COM 500255104 2,148 42,529 SH   SOLE 0 42,529 0 0
LOCKHEED MARTIN CORP COM 539830109 689 6,350 SH   SOLE 0 6,350 0 0
NUVEEN NY AMT-FREE MUN INCOM COM 670656107 377 28,380 SH   SOLE 0 28,380 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 3,099 34,731 SH   SOLE 0 34,731 0 0
PAYCHEX INC COM 704326107 757 20,730 SH   SOLE 0 20,730 0 0
PFIZER INC COM 717081103 2,330 83,188 SH   SOLE 0 83,188 0 0
PLUM CREEK TIMBER CO INC COM 729251108 282 6,041 SH   SOLE 0 6,041 0 0
PRIMUS TELECOMMUNICATIONS GR COM 741929301 119 10,000 SH   SOLE 0 10,000 0 0
QUALCOMM INC COM 747525103 2,331 38,149 SH   SOLE 0 38,149 0 0
SMITH & WESSON HLDG CORP COM 831756101 766 76,750 SH   SOLE 0 76,750 0 0
TUTOR PERINI CORP COM 901109108 5,427 300,000 SH   SOLE 0 300,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,111 12,847 SH   SOLE 0 12,847 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 1,260 35,391 SH   SOLE 0 35,391 0 0
VANGUARD INDEX FDS REIT ETF 922908553 1,777 25,855 SH   SOLE 0 25,855 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 1,998 23,873 SH   SOLE 0 23,873 0 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 321 4,373 SH   SOLE 0 4,373 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 359 5,308 SH   SOLE 0 5,308 0 0
WELLS FARGO & CO NEW COM 949746101 1,346 32,618 SH   SOLE 0 32,618 0 0
WEYERHAEUSER CO COM 962166104 493 17,320 SH   SOLE 0 17,320 0 0
ALPS ETF TR ALERIAN MLP 00162Q866 745 41,710 SH   SOLE 0 41,710 0 0
AT&T INC COM 00206R102 1,132 31,991 SH   SOLE 0 31,991 0 0
ALTRIA GROUP INC COM 02209S103 1,032 29,485 SH   SOLE 0 29,485 0 0
AMERICAN TOWER CORP NEW COM 03027X100 1,146 15,660 SH   SOLE 0 15,660 0 0
CISCO SYS INC COM 17275R102 2,871 117,995 SH   SOLE 0 117,995 0 0
COHEN & STEERS QUALITY RLTY COM 19247L106 1,305 116,197 SH   SOLE 0 116,197 0 0
CONOCOPHILLIPS COM 20825C104 825 13,640 SH   SOLE 0 13,640 0 0
ETFS PLATINUM TR SH BEN INT 26922V101 1,209 9,225 SH   SOLE 0 9,225 0 0
EATON VANCE TX MNG BY WRT OP COM 27828Y108 729 55,850 SH   SOLE 0 55,850 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 484 9,685 SH   SOLE 0 9,685 0 0
GOOGLE INC CL A 38259P508 1,283 1,457 SH   SOLE 0 1,457 0 0
INOVIO PHARMACEUTICALS INC COM 45773H102 10 12,600 SH   SOLE 0 12,600 0 0
JPMORGAN CHASE & CO COM 46625H100 271 5,127 SH   SOLE 0 5,127 0 0
MARKET VECTORS ETF TR BIOTECH ETF 57060U183 333 4,860 SH   SOLE 0 4,860 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 1,391 32,511 SH   SOLE 0 32,511 0 0
NUVEEN QUALITY PFD INCOME FD COM 67072C105 871 100,052 SH   SOLE 0 100,052 0 0
NUVEEN DIVER CURRENCY OPPOR COM 67090N109 876 78,122 SH   SOLE 0 78,122 0 0
PPL CORP COM 69351T106 2,854 94,306 SH   SOLE 0 94,306 0 0
POWERSHARES ETF TRUST AERSPC DEF PTF 73935X690 1,323 53,444 SH   SOLE 0 53,444 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 2,365 32,650 SH   SOLE 0 32,650 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 3,808 31,971 SH   SOLE 0 31,971 0 0
SPDR INDEX SHS FDS S&P BRIC 40ETF 78463X798 669 32,668 SH   SOLE 0 32,668 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 15,445 391,123 SH   SOLE 0 391,123 0 0
SPDR SERIES TRUST S&P INS ETF 78464A789 1,889 34,990 SH   SOLE 0 34,990 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 413 1,965 SH   SOLE 0 1,965 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,442 72,306 SH   SOLE 0 72,306 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 2,976 75,024 SH   SOLE 0 75,024 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 4,715 83,604 SH   SOLE 0 83,604 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 2,847 36,361 SH   SOLE 0 36,361 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 5,491 282,394 SH   SOLE 0 282,394 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 2,853 66,918 SH   SOLE 0 66,918 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 3,724 121,765 SH   SOLE 0 121,765 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 3,896 103,534 SH   SOLE 0 103,534 0 0
TETRA TECHNOLOGIES INC DEL COM 88162F105 2,052 199,975 SH   SOLE 0 199,975 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2,855 43,607 SH   SOLE 0 43,607 0 0
URANERZ ENERGY CORP COM 91688T104 17 14,000 SH   SOLE 0 14,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,076 21,374 SH   SOLE 0 21,374 0 0
VISA INC COM CL A 92826C839 214 1,171 SH   SOLE 0 1,171 0 0
XYLEM INC COM 98419M100 1,069 39,677 SH   SOLE 0 39,677 0 0
LAZARD LTD SHS A G54050102 1,288 40,075 SH   SOLE 0 40,075 0 0