Reference Portfolio as of the 6th of May 06/05/06

NAV stands @ 11 550 265 USD and the system is increasing exposure slightly opening 3 new positions as can be noticed hereafter:

Actions
STOP - Security: NVIDIA (NVDA - N:32094) New stop @ 24,95 Stop type: TSL50
OPEN POSITION LONG - Security: ZORAN CORP (ZRAN) NB: 32686 ISL: 22,62 M: 2
OPEN POSITION LONG - Security: THOMAS & BETTS (TNB) NB: 15400 ISL: 47,95 M: 2
OPEN POSITION LONG - Security: CITRIX SYSTEMS (CTXS) NB: 21188 ISL: 34,89 M: 2

Account general informations
NAV: 11 550 265,37
Market Expo: 11 461 051,85
Open Positions: 12

Actual portfolio (included today actions)
NII Holdings, Inc. OpenDate: 30/03/2006 NB:16000 STOP: 47,80
COMMSCOPE OpenDate: 30/03/2006 NB:31640 STOP: 23,96
Garmin Ltd. OpenDate: 30/03/2006 NB:11256 STOP: 68,33
LEVEL 3 COMMS OpenDate: 30/03/2006 NB:163568 STOP: 4,48
Bankrate, Inc. OpenDate: 30/03/2006 NB:21130 STOP: 35,97
AMER SCIENCE OpenDate: 30/03/2006 NB:9999 STOP: 74,60
NVIDIA OpenDate: 30/03/2006 NB:32094 STOP: 24,95
Diodes Incorporated OpenDate: 30/03/2006 NB:22341 STOP: 33,95
TELLABS OpenDate: 30/03/2006 NB:57573 STOP: 12,97
ZORAN CORP OpenDate: 05/05/2006 NB:32686 STOP: 22,62
THOMAS & BETTS OpenDate: 05/05/2006 NB:15400 STOP: 47,95
CITRIX SYSTEMS OpenDate: 05/05/2006 NB:21188 STOP: 34,89