6-90 - 11-2-97 -  211.20%

(Gain average 28.5% gain/year)							

CLOSED OUT LONG POSITIONS            

					Close		

Company		       Symbol 	Date	  Price  	   Out	       Date     Status

Bankof NY		BK	8-15-90	  14 1/2          30 1/2       3-7-91   110%G

Latin American Fund	LAM	11-13-90  10-1/4        S1/227 1/2     9-19-91	168%G

Latin American Fund	LAM	11-13-90  10 1/4 S 1/2   33 3/4	       3-31-92	224%G

National Semi		NSM	10-10-90  3 1/2	          7 3/8	       2-22-91  110%G

RJR Nabisco Wts	        RNWS	10-12-90  4 1/2	          8 5/8        2-26-91	91%G

Phoenix Resource Wts	PHNA	1-4-91	  .015	          .0325        3-8-91	116%G

Computer Research	CORE	4-17-90	  13/32	          7/16         11-15-91	7.5%G

Security Enviro	        SENV	9-19-91	  9/32 sold 1/2	   .81	       1-31-92	200%G

Transtector Systems	TTOR	8-24-92	  .09 sold 1/2	   7/32	       9-10-92	126%G

Transtector Systems	TTOR	8-24-92	  .09      tendered remained   10-23-92	11%G

				1/2 @ .10 plus debenture

Compaq Computer	        CPQ	12-19-92  23 1/8	 42 1/4        11-6-92	83%G

Seagate Convert    6.75, 2012	11-6-90	  450	           800	       12-30-92	77%G

Paine Webber Bond wts	PYD.WS	9-30-91   5 3/8	         11 3/4	       2-9-93	118%G

Optelecom		OPTC	4-6-92	  2 5/8  Sell 1/3   9	       2-9-93	242%G

IMB Leap Strike 85 Jan 93       12-10-91  9 7/5	          0	       12-30-92	100%L

XScribe Corp.           XSCR	5-21-92	  .41       	 .81	       2-9-93	97.5%G

Optelecom               OPTC	4-6-92	  2.625 sell 2/3  13.625       4-5-93	419%G

Forest Oil		FOIL	6-28-91	  1.125	        S1/[email protected]      6-13-93	366%G

Tel-Electronics         TELS	10-29-91  .41	          1.65         5-12-93	302%G

Nabors WTS		NBRWS	1-10-92	  2.125	         4 3/8	       6-13-93	106%G

Speizman		SPZN	2-15-93	  3.875	S1/2@$10 1/4           6-13-93	164%G

USMX, INC		USMX	5-6-91	  1.31	I/2(S) 5.124           10-8-93	290%G

Speizman		SPZN	2-15-93	  3.875	(S) total $13          10-8-93	235%G

CBS	                CBS	9-24-90   155             272          1-8-93	75%G

Citicorp		CCI	11-7-90   12 1/8	38   5/8       10-8-93	218%G

Colonial Data		CDT.EC	3-4-91	  1.09	       S 1/2@$4	       12-16-93	267%G

CIFRA		        MEX ADR	7-27-91	  1.18	      S 1/2@$3.20      12-16-93	171%G

Amphenol		APH	11-2-92	  5.375	      S 1/2@$16.75     2-14-94	211%G

New Canainin	        NNI.V	6-15-92	  1.20C	         1.20C	       2-14-94	0%G

IBM Leap strike 85/Jan 94 WIBAQQ	  4.692	   10.25	0      12-23-94	100%L

Security Environmental	SENV	9-19-91	  .84	         6.125	       2-14-94	629%G

United Airlines	        UAL	8-23-90	  93	5 1/2, 141 1/2         2-14-94	52%G

Boise Cascade	        BCC	5-6-91	  25 1/4	26 1/2	       2-14-94	5%G

Plasma Therm	        PTIS	9-11-92	  .59	    S 1/2@$3.06        2-14-94	418%G

Columbia Gas	        CG	8-15-92	  17 3/8    S1/2@$27.375       2-14-94	58%G

Colonial Data		CDT	3-4-91	  1.09	     S1/2@$12.75       12-12-94 1069%G

Zeus Components	        ZING	6-25-91	  2.375	         8.875	       3-26-95	274%G

Plasma Therm	        PTIS	9-11-92	  .59	S1/4@ 7 3/16           12/15/94	1017%G

Cray Research	        CYR	11-21-94  19 1/2	28.625	       2-26-95	47%G

Southwest Airline	LUV	12-15-94  16	        31.375	       2-26-96	96%G

Digital Equip		DEC	7-2-94	  19.625	  73	       2-26-95(S 1/2)	271%G

United Air Specialist	UASI	2-26-91	  1.66	        5.625	       2-26-95 (incl

						div 25%)S 1/2	350%G

Imaging Diagnostic 	IMDS	10-23-95  .78	           3	       10-15-95(S 1/2)284%G

Tandem Computers	TDM	11-7-90	  10 1/2	[email protected]     8-29-97	146%G

United Air Specialtists	PINKS	2-26-91	  1.66	         sold@9	       2-4-97	442%G

Forest Oil		FOIL	6-28-91	  5.625 	sold @15       9-2-97	184%G

Nabors Industries	NBR	1-10-92	  6.125	      [email protected]       9-2-97	462%G

Amphenol		APH	11-2-92	  5 3/8	sold remaining

				                 	$25.75	       2-4-97	379%G

Arc International	ATV	8-28-93	  1.44	    sold 1p.6.50       9-2-97	351%G

Evans & Sutherland	ESCC	4-11-94	  19	     sold 30 1/8       9-2-97	59%G

Tripos(ESCC Spinoff 1 for 3 TRPS 6-1-94   5.00	   sold 15 1/8	       9-2-97	222%G

Franklin Telecom Corp	FTEL	8-24-95	  1.875	      [email protected]	       2-4-97	203%G

Salton/Maxim	        SALT	2-26-96	  3.375	       [email protected]       2-4-97	130%G

					*includes dividend

Ultratech Stepper	UTEK	4-2-96	 18.00	    sold 1/[email protected]	        176%G

Electroglas		EGLS	4-2-96	 15.75	     sold 31 7/8       9-2-97	102%G

EMC Corp		EMC	10-29-95 17.00	     sold 1/2@39       2-4-97	129%G	IBM

IBM	                        12-10-91 84 1/2	    sold 1/22@155      2-4-97	83%G

Octel		        OCTL	4-30-97	 16.00	    Sold 30.50	       7-26-97	90%G

Templeton Russian Fund	TRF	9-24-96	 19.37	    Sold 61.69	       7-10-97	222%G



	



6-90 - 11-2-97 - 71% Gain

OPENED LONG POSITIONS	

Recommended  Current	Gain or	



Company		        Symbol  Date	  Price	  Price	  Loss	  Status

Armeno Resources        AROYF	10-29-90   2.80	  .11	  94%L	    H

Astro Systems	        ASTR	8-15-90	   3.25	  15/16	  100%G distribution $5.00

Key Energy	        KEG	11-6-90	   6.5	  31 3/8  382%G	    H

United Airlines	        UAL	8-23-90	   93	  180	  93%G	    H

*USMX		        USMX	5-6-91	   1.31	   0	  100%L	    H

Grupo Synkro	        MEX(ADR) 4-23-91   1.25	  .05	  96%L	    H

Fonar		        FONR	10-24-91   1 1/12 3.44	  205%G	    H

CIFRA	   	        Mex(ADR) 7-27-91   1 3/16 1.50	  12%G	    H

New Coast Silver        NWV.V	9-20-91	   .31(US) .33	  9%G	    H

Golden Quail	        GQ RVF	10-21-91   27/32  .10	  97%L	    H

*IBM		        IBM	12-10-91   42.25  98 1/2  133%G	    HS 1/2

Monitek	                SENS	2-18-92	   1.50	  .02	  98%L	    H

ICA		        ICA	4-6-92	   17     13 5/16 22%L	    H/B

Hitachi		        Tokyo	6-4-92	   790 yen 991 yen25%G	    H/B

Micro Security	        MISY	6-16-92	   .25	   0	  100%L	    H

Circuit Research        CRLI	7-25-92	   2.72	  1.50	  45%L	    H

American Inter          AIPN	8-10-92	   25.60  4 3/8	  83%L	    H

*Columbia Gas     	CG	8-15-92	   17 3/8 72 1/4  316%G	    H

Nissan	  	        Tokyo	8-24-92	   592 Yen 630 yen6.4%G	    B

*Plasma Therm	        PTIS	9-11-92	   19/32  8.91	  1410%G    H

Minorco		        MNRCY	10-23-92   12 3/8 20 3/8  64%G	    B

George Risk Ind.      	RISKA	11-2-92	   .08	  2.25	  2556%G    B/H

Lonrho		        ADR	11-27-92   1.08	  1.60	  48%G	    H

CenterCore 	      	CCOR	5-2-93	   13/16  .15	  85%L	    B

RCM Technologies        RCMT	5-22-93	   4.125  14 1/2  251%G     H

Buttrey Food & Drug     BTRY	6-13-93	   8	  11 1/4  40%G	    H

Meridian National	MRCO	6-16-93	   3.10	  7/8	  72%L	    H/B

Dawson Holding PLC Rule LSE     8-23-93	   5.50	  26.25	  377%G	    H

Inotek Technologies	INTK	10-8-93	   .875	  7/8	  0%G       B

Infinite Graphics	INFG	12-2-93	   1.00	  .81	  19%L      H

Technology Marketing	TMKT	1-24-94	   .375	  0	  100%L	    H

Tayco		        TYCO	2-2-94	   2.50	  3 1/4	  30%G      H

Corcom		        CORC	5-2-94	   2.00	  9 1/2	  375%G     H

Southwest Air	        LUV	5-18-94	   24.87  32 5/8  31%G      H

Jerome & Son	        LSE(ORDS)5-18-94   1.0    1.125   12.5%G    H

Shinawatra Computer 	Thailand 5-18-94   12.25  2       84%L      L

  & Comm		ADRS

Phonetel		PNTL	5-24-94	   11.25  2 7/8	  75%L	    L

Arc International	ATV	7-7-94	   3.125  5 1/2	  52%G	    L

1/3*Digital Equipment	DEC	7-2-94	   19 5/8 50 1/16 155%G     B

Wiltek Inc.		WLTK	9-14-94	   3/8	  .75	  100%G	    H/B

Euro Disney 2004 Warrants N.A.	10-26-94   .12	  .11	  8%L	    H/B

Pacific International	PISC	12-13-94   .53	  .001	  99%L	    H

DTC Data Tech	        DTEC	1-27-95	   .29	  .02	  93%L	    H

YPF Sociedad	        YPF	3-8-95	   17	  32	  88%G	    B/H

Meridian National	MRCO	3-18-95	   1 7/8  7/8	  54%L	    H

Grupo Modelo	        Mexican	3-18-95    2.75	  8	  190%G	    B/H

Walbro Corp		WALB	5-9-95	   18.75  20 3/4  11%G	    H/B

Data 1 Inc.		DMEM	5-12-95	   1.125  .01	  99%L	    H

Quantum Corp       	QNTM	6-7-95	   22	  31 5/8  44%G	    B/H

PST Vans		PSTV	6-27-95	   6.50	  3 11/16 56%L	    B/H

Abatix Envir		ABIX	7-20-95	   3.50	  3 1/8	  11%L	    H

Tenney Engineering, Inc.TNGI	7-28-95	   .375	  .26	  31%L	    H/B

Digital Products Corp.	DIPC	7-28-95	   .44	  .025	  94%L	    H

Ectrocon International	EPLTF	8-31-95	   .95    1.44	  15%G	    H

*Imaging Diagnostic     IMDS	10-23-95   .78	  1 1/2	  92%G	    H

*EMC Corp		EMC	10-29-95   17.00  56	  229%G	    H/B

CTI Group Inc.	        CTIG	12-10-95   .41	  .37	  10%L	    H/B

Texas Micro 		TEXM	12-10-95   5.625  3.31	  42%L	    B

ASM Pacific Tech LTD	HongKong 12-10-95  .90	  .75	  17%L	    H

Varitronix		HongKong 12-10-95  1.65	  1.65	  0%G	    H

Eurodisney 2004WTS	France	12-10-95   .27	  .11	  60%L	    H

Cable Link, Inc.	CBLK	2-28-96	  3.75	  3.25	  122%G	    B

*Ultratech Stepper	UTEK	4-2-96	   18.00  27 1/4  73%G	    HS1/2

American Education Corp	AEDU	6-18-96	   1.125  1.00    11%L	    H

Integrated Silicon Sol  ISSI	6-24-96    12.25  10	  19%L	    B

CVD Equipment	        CVDE	9-5-96	   1.50	 1.50	  0%	    H/B

HIA Inc.		HIAI	9-5-96	   .4375  .20	55%L	    H/B

Alpha Microsystems	ALMI	7-20-96	   2.00  1.44	28%L	    B

Orbit International	ORBT	10-15-96   2.56  2.44	2.5%L	    B

Ashanti Goldfields	ASL	3-20-97	   15.25  10	35%L	    B

EV Environmental	EVEN	4-3-97	    .41  .18	57%L	    H

ACT Networks	        ANET	8-9-97	    13.25	 9.44	28%L	 B/H

Global Spill		GEGI	8-20-97  .375	   .81	116%G	    B

Technology General	TCGN	9-2-97	   .31	.50	61%G	    B

Computer Devices	CTDVB	8-6-97	   .40	.44	10%G	    H

Inotek	           	INTK	8-9-97	   .94	.875	7%L	    B

Digital Equipment	DEC	7-9-97	  35  . 50	50 1/16	41%G	B

Silicon Graphic	        SGI	7-9-97	   16.50  11/16	11%L	    B

Lynton Group	        PINKS	9-24-97	   .69	.75	9%G	    B

Bonzo Electronics wts	BNSWF	10-29-97  1.00	1 3/4	75%G	    B/H

Applied Magnetics	APM	10-30-97  22.69	 23 1.3%G	    B

Applied Materials	AMAT	10-30-97  33	 33 7/16 1.3%G	    B

Spectrian Corp.	        SPCT    10-30-97  22.75	 23 1/2	 3.2%G	    B

Sun Microsystems	SUNW	10-30-97  32.94	 34 1/4	 3.9%G	    B

Templeton Dragon Fund	TDF     10-30-97  12.25	 12.81   4.6%G	    B	

N* denotes that 1/2 position; 1/3* - denotes sold 1/3 position;


Note: UAL declared a 4 for 1 forward split