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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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
Apple Computer, Inc. COM 37833100 4,842 9,021 SH   OTR   0 0 9,021
Banco Santander COM 05964H105 1,664 173,707 SH   OTR   0 0 173,707
Bank of America COM 60505104 2,150 125,000 SH   OTR   0 0 125,000
Berkshire Hathaway Inc. C COM 84670702 266 2,125 SH   OTR 1 0 0 2,125
Chevron Texaco Corporatio COM 166764100 344 2,895 SH   OTR   0 0 2,895
Coca Cola Co. COM 191216100 1,616 41,790 SH   OTR   0 0 41,790
Dow Diamonds ETF 78467X109 5,332 32,467 SH   SOLE   0 0 32,467
Exxon Mobil Corp. COM 30231G102 402 4,115 SH   OTR   0 0 4,115
Financial Select Sector ETF 81369Y605 6,144 275,000 SH   SOLE   0 0 275,000
First Trust Consumer Stap ETF 33734X119 3,655 99,100 SH   OTR   0 0 99,100
General Electric Co. COM 369604103 4,531 175,021 SH   OTR   0 0 175,021
Health Care Select Sector ETF 81369Y209 3,398 58,100 SH   SOLE   0 0 58,100
I Shares S&P Mid Cap 400 ETF 464287507 238 1,733 SH   SOLE   0 0 1,733
Implant Sciences COM 45320R108 10 10,000 SH   OTR   0 0 10,000
International Business Eq COM 459200101 215 1,115 SH   OTR   0 0 1,115
iShares US Preferred Stoc ETF 464288687 4,147 106,260 SH   SOLE   0 0 106,260
J.P. Morgan Chase COM 46625H100 3,036 50,004 SH   OTR   0 0 50,004
Market Vectors Gold Miner ETF 57060U100 401 17,000 SH   SOLE   0 0 17,000
Microsoft Corp COM 594918104 5,549 135,369 SH   OTR   0 0 135,369
MSCI EAFE Index ETF 464287465 2,587 38,500 SH   SOLE   0 0 38,500
Nestle SA ADR ADR 641069406 241 3,200 SH   OTR 1 0 0 3,200
Oracle Corporation COM 68389X105 2,145 52,425 SH   OTR   0 0 52,425
Pfizer Inc COM 717081103 1,611 50,166 SH   OTR   0 0 50,166
Royal Dutch Shell PLC ADR 780259206 421 5,762 SH   OTR   0 0 5,762
S&P 500 Low Volatility ETF 73937B779 367 10,770 SH   SOLE   0 0 10,770
S&P 500 Spiders ETF 78462F103 22,274 119,106 SH   SOLE   0 0 119,106
S&P 500 VIX Short-Term Fu ETF 06740C261 695 16,500 SH   SOLE   0 0 16,500
Streettracks Gold Shares ETF 78463V107 456 3,693 SH   SOLE   0 0 3,693
Susquehanna Bancshares In COM 869099101 611 53,747 SH   OTR   0 0 53,747
Ultrashort S&P 500 Prosha ETF SHORT 74347B300 2,139 75,460 SH   SOLE   0 0 75,460
Unilever NV-NY shares ADR 904784709 115 2,795 SH   OTR 1 0 0 2,795
Unilever NV-NY shares ADR 904784710 146 3,574 SH   OTR   0 0 3,574
Vanguard Dividend Appreci ETF 921908844 4,940 65,665 SH   SOLE   0 0 65,665
Vanguard European Stock ETF 922042874 1,700 28,835 SH   SOLE   0 0 28,835
Vanguard Growth Vipers ETF 922908736 7,480 80,022 SH   SOLE   0 0 80,022
Vanguard REIT Index ETF 922908553 2,397 33,945 SH   SOLE   0 0 33,945
Vanguard Value ETF 922908744 8,457 108,275 SH   SOLE   0 0 108,275