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
Banco Santander COM 05964H105 917 173,707 SH   OTR   0 0 173,707
Bank of America COM 60505104 423 27,120 SH   OTR   0 0 27,120
BB&T Corp COM 54937107 484 13,597 SH   OTR   0 0 13,597
Berkshire Hathaway Inc. C COM 84670702 277 2,125 SH   OTR 1 0 0 2,125
Blackstone Group LP ETF 09253U108 257 8,100 SH   SOLE   0 0 8,100
Chevron Texaco Corporatio COM 166764100 284 3,595 SH   OTR   0 0 3,595
Community Health Systems, COM 203668108 535 12,500 SH   OTR   0 0 12,500
Dow Diamonds - SPDR Dow J ETF 78467X109 9,212 56,646 SH   SOLE   0 0 56,646
Exxon Mobil Corp. COM 30231G102 1,692 22,757 SH   OTR   0 0 22,757
Financial Select Sector ETF 81369Y605 216 9,550 SH   SOLE   0 0 9,550
General Electric Co. COM 369604103 1,425 56,492 SH   OTR   0 0 56,492
Implant Sciences COM 45320R108 12 20,000 SH   OTR   0 0 20,000
iShares US Preferred Stoc ETF 464288687 814 21,100 SH   SOLE   0 0 21,100
Market Vectors Gold Miner ETF 57060U100 234 17,000 SH   SOLE   0 0 17,000
Microsoft Corp COM 594918104 392 8,868 SH   OTR   0 0 8,868
MSCI EAFE Index ETF 464287465 416 7,278 SH   SOLE   0 0 7,278
NASDAQ 100 Trust ETF 73935A104 805 7,910 SH   SOLE   0 0 7,910
Nestle SA ADR COM 641069406 247 3,300 SH   OTR 1 0 0 3,300
Royal Dutch Shell PLC COM 780259206 285 6,016 SH   OTR   0 0 6,016
S&P 500 Spiders ETF 78462F103 31,803 165,961 SH   SOLE   0 0 165,961
Short S&P 500 ProShares ETF SHORT 74347R503 789 35,071 SH   SOLE   0 0 35,071
Ultrashort S&P 500 Prosha ETF SHORT 74347B300 4,194 180,175 SH   SOLE   0 0 180,175
Unilever NV-NY shares COM 904784709 117 2,925 SH   OTR 1 0 0 2,925
Unilever NV-NY shares COM 904784709 136 3,379 SH   OTR   0 0 3,379
Vanguard Growth Vipers ETF 922908736 1,351 13,474 SH   SOLE   0 0 13,474
Vanguard Value ETF 922908744 258 3,360 SH   SOLE   0 0 3,360
Walt Disney (Holding Comp COM 254687106 229 2,241 SH   OTR   0 0 2,241
Wells Fargo & Co. COM 949746101 302 5,886 SH   OTR   0 0 5,886