RECENT ADR (Average Daily Return) RESULTS 3/5/17

Recent ADR results using the S-Model are tabulated below in Table 1.

Time Period / # of Stocks / ADR Basic / Slope > 0.07
1/1/12 – 1/1/13 / 328 / 0.0074 (13.68/1846) / 0.0096 (6.65/693)
1/1/13 – 1/1/14 / 368 / 0.011(26.02/2483) / 0.0137 (14.17/1037)
1/1/14 – 1/1/15 / 450 / 0.0026 (7.39/2851) / 0.0015(1.49/1022)
1/1/15 – 1/1/16 / 550 / 0.0033 (11.01/3383) / 0.0026 (3.62/1381)
1/1/16 – 1/1/17 / 640 / 0.0064 (28/4542) / 0.011 (21.67/2031)
1/1/12 – 1/1/17 / N/A / 0.0057 (86.1/15105) / 0.0077(47.6/6164)

Table 1 ADR Results

The last row shows the average over the 5 years. The numbers in the parentheses are total gain and number of stock-days held.The “ADR Basic” column shows the basic S-Model results. The “Slope > 0.07” column shows the results using only those cases with stock slope greater than 0.07. When this restriction is imposed, fewer buys result. But the 5-year ADR improves by 39%. More details follow.

The plots for each year are presented below. The plots are in chronological order. The Basic first within each year.

Apparently, the “Slope 0.07” option improves ADR in general. But fewer trades are available in comparison to the “Basic” option.

All look good. But the results depend on the sampling of stocks to some extent. The following demonstrates this point. A bigger collection of stocks is used here. But the results are somewhat different. ADR performance is much lower than the previous table. Also the “Slope>0.07” model is only marginally better.

Time Period / # of Stocks / ADR Basic / Slope > 0.07
1/1/12 – 1/1/13 / 460 / 0.0066 (17.29/2622) / 0.0082 (8.27/1012)
1/1/13 – 1/1/14 / 516 / 0.0083(28.15/3380) / 0.01 (14/1369)
1/1/14 – 1/1/15 / 613 / 0.0011 (3.9/3661) / -0.0005(-0.66/1334)
1/1/15 – 1/1/16 / 745 / -0.00012(-0.55/4425) / -0.0027 (-4.82/1768)
1/1/16 – 1/1/17 / 783 / 0.0025(14.33/5679) / 0.0041 (10.6/2575)
1/1/12 – 1/1/17 / N/A / 0.0032 (63.12/19767) / 0.0034(27.39/8058)

An example file containing detailed trades is attached below.

Symbol: ABAC

Date Buy Sell Gain Days

8/12/2016 3.52 3.16 -0.105 2

9/14/2016 2.24 2.29 0.020 5

11/23/2016 3.14 3.11 -0.012 4

** ADR -0.0089 (-0.12/-0.10) 11 (6)

Symbol: ABEO

Date Buy Sell Gain Days

5/25/2016 3.04 2.92 -0.042 3

8/3/2016 3.27 3.67 0.120 3

9/20/2016 5.78 6.39 0.103 2

10/18/2016 7.95 8.00 0.003 5

** ADR 0.0141 (-0.04/0.18) 13 (3)

Symbol: ACAD

Date Buy Sell Gain Days

11/8/2016 26.84 28.81 0.071 3

** ADR 0.0235 (0.00/0.07) 3 (0)

Symbol: ACW

Date Buy Sell Gain Days

2/29/2016 1.28 1.80 0.403 4

9/2/2016 2.58 2.59 0.001 3

** ADR 0.0578 (0.00/0.40) 7 (0)

Symbol: ADMP

Date Buy Sell Gain Days

4/14/2016 8.07 8.34 0.031 3

8/26/2016 3.47 2.88 -0.173 2

** ADR -0.0284 (-0.17/-0.14) 5 (2)

Symbol: ADUS

Date Buy Sell Gain Days

11/8/2016 30.05 32.95 0.094 3

** ADR 0.0312 (0.00/0.09) 3 (0)

Symbol: ADXS

Date Buy Sell Gain Days

3/2/2016 7.47 8.56 0.143 4

8/2/2016 11.08 15.15 0.365 4

** ADR 0.0635 (0.00/0.51) 8 (0)

Symbol: AEHR

Date Buy Sell Gain Days

5/4/2016 1.68 1.38 -0.181 1

6/7/2016 1.59 1.68 0.054 3

9/23/2016 2.79 3.00 0.072 3

** ADR -0.0079 (-0.18/-0.06) 7 (1)

Symbol: AEMD

Date Buy Sell Gain Days

2/11/2016 5.40 4.68 -0.136 2

3/2/2016 5.89 5.51 -0.067 1

8/11/2016 7.70 6.45 -0.165 1

** ADR -0.0921 (-0.37/-0.37) 4 (4)

Symbol: AGM

Date Buy Sell Gain Days

11/9/2016 47.28 49.03 0.034 3

** ADR 0.0113 (0.00/0.03) 3 (0)

Symbol: AIRI

Date Buy Sell Gain Days

11/28/2016 3.20 3.11 -0.031 3

** ADR -0.0103 (-0.03/-0.03) 3 (3)

Symbol: ALIM

Date Buy Sell Gain Days

4/21/2016 2.29 2.33 0.015 2

7/26/2016 1.69 2.08 0.228 4

** ADR 0.0404 (0.00/0.24) 6 (0)

Symbol: ALQA

Date Buy Sell Gain Days

4/26/2016 1.05 0.93 -0.122 2

5/18/2016 1.14 1.27 0.111 3

11/15/2016 0.71 0.76 0.057 3

** ADR 0.0059 (-0.12/0.05) 8 (2)

Symbol: AMCN

Date Buy Sell Gain Days

9/20/2016 3.48 3.54 0.014 3

** ADR 0.0048 (0.00/0.01) 3 (0)

Symbol: AMRN

Date Buy Sell Gain Days

8/1/2016 2.91 3.28 0.124 3

** ADR 0.0414 (0.00/0.12) 3 (0)

Symbol: AOI

Date Buy Sell Gain Days

7/12/2016 19.07 18.65 -0.025 3

** ADR -0.0083 (-0.02/-0.02) 3 (3)

Symbol: APPS

Date Buy Sell Gain Days

1/29/2016 1.32 1.35 0.020 3

5/24/2016 0.94 1.06 0.120 2

11/15/2016 0.93 0.90 -0.045 1

** ADR 0.0158 (-0.04/0.09) 6 (1)

Symbol: ARCW

Date Buy Sell Gain Days

3/2/2016 2.41 2.77 0.147 3

11/25/2016 5.15 5.15 -0.003 2

** ADR 0.0288 (-0.00/0.14) 5 (2)

Symbol: ARDM

Date Buy Sell Gain Days

3/16/2016 4.15 3.76 -0.097 5

9/16/2016 5.09 6.50 0.274 5

** ADR 0.0177 (-0.10/0.18) 10 (5)

Symbol: AREX

Date Buy Sell Gain Days

3/3/2016 1.11 1.53 0.376 1

3/7/2016 1.90 1.52 -0.203 1

4/21/2016 2.16 2.14 -0.012 2

4/27/2016 2.99 2.63 -0.123 3

8/12/2016 2.45 2.70 0.099 3

8/29/2016 3.52 3.32 -0.060 2

9/29/2016 3.44 3.28 -0.049 2

** ADR 0.0020 (-0.45/0.03) 14 (10)

Symbol: ARIA

Date Buy Sell Gain Days

11/9/2016 11.43 13.20 0.152 4

** ADR 0.0380 (0.00/0.15) 4 (0)

Symbol: ARLZ

Date Buy Sell Gain Days

8/9/2016 4.49 5.11 0.135 5

** ADR 0.0271 (0.00/0.14) 5 (0)

Symbol: AROC

Date Buy Sell Gain Days

3/1/2016 4.36 5.83 0.336 3

8/5/2016 10.29 10.65 0.033 2

** ADR 0.0736 (0.00/0.37) 5 (0)

Symbol: ARQL

Date Buy Sell Gain Days

3/22/2016 1.73 1.57 -0.095 1

** ADR -0.0953 (-0.10/-0.10) 1 (1)

Symbol: ARRY

Date Buy Sell Gain Days

9/26/2016 6.61 6.24 -0.059 3

** ADR -0.0196 (-0.06/-0.06) 3 (3)

Symbol: ASM

Date Buy Sell Gain Days

4/11/2016 1.21 1.24 0.022 2

4/20/2016 1.47 1.45 -0.016 2

5/16/2016 1.68 1.60 -0.050 1

6/8/2016 1.94 2.09 0.075 2

11/2/2016 2.30 2.35 0.019 2

** ADR 0.0054 (-0.07/0.05) 9 (3)

Symbol: ASMB

Date Buy Sell Gain Days

10/10/2016 10.95 10.92 -0.006 2

** ADR -0.0028 (-0.01/-0.01) 2 (2)

Symbol: ASYS

Date Buy Sell Gain Days

3/21/2016 7.59 7.21 -0.053 1

** ADR -0.0529 (-0.05/-0.05) 1 (1)

Symbol: ATHX

Date Buy Sell Gain Days

1/8/2016 1.25 1.22 -0.027 2

2/18/2016 1.69 1.73 0.021 3

3/11/2016 2.18 2.37 0.084 3

** ADR 0.0098 (-0.03/0.08) 8 (2)

Symbol: ATTU

Date Buy Sell Gain Days

2/24/2016 7.10 7.33 0.030 3

5/6/2016 9.29 8.93 -0.042 2

** ADR -0.0024 (-0.04/-0.01) 5 (2)

Symbol: AVD

Date Buy Sell Gain Days

3/2/2016 14.96 16.03 0.069 3

8/3/2016 17.35 17.58 0.010 3

** ADR 0.0132 (0.00/0.08) 6 (0)

Symbol: AWX

Date Buy Sell Gain Days

8/8/2016 2.97 3.06 0.028 2

11/11/2016 3.06 2.80 -0.088 1

** ADR -0.0201 (-0.09/-0.06) 3 (1)

Symbol: AXGN

Date Buy Sell Gain Days

8/4/2016 8.37 8.44 0.006 2

** ADR 0.0028 (0.00/0.01) 2 (0)

Symbol: AXLL

Date Buy Sell Gain Days

1/29/2016 17.71 18.53 0.043 3

6/10/2016 32.40 32.40 -0.003 3

** ADR 0.0068 (-0.00/0.04) 6 (3)

Symbol: AXN

Date Buy Sell Gain Days

1/5/2016 0.80 0.74 -0.087 3

2/4/2016 0.97 0.81 -0.177 2

7/7/2016 0.89 0.79 -0.125 5

** ADR -0.0389 (-0.39/-0.39) 10 (10)

Symbol: AXR

Date Buy Sell Gain Days

9/6/2016 6.89 7.40 0.071 2

** ADR 0.0356 (0.00/0.07) 2 (0)

Symbol: AYA

Date Buy Sell Gain Days

2/1/2016 12.93 13.68 0.055 3

** ADR 0.0184 (0.00/0.06) 3 (0)

Symbol: BBG

Date Buy Sell Gain Days

3/2/2016 3.85 5.43 0.408 2

3/7/2016 5.83 5.29 -0.095 2

4/12/2016 7.63 7.70 0.006 5

** ADR 0.0354 (-0.10/0.32) 9 (2)

Symbol: BCEI

Date Buy Sell Gain Days

3/4/2016 2.12 3.01 0.417 1

4/11/2016 1.86 2.49 0.336 1

4/20/2016 2.89 3.72 0.284 4

7/12/2016 2.28 1.44 -0.371 1

8/17/2016 1.26 0.97 -0.237 1

8/30/2016 1.10 1.02 -0.076 1

9/8/2016 1.40 1.26 -0.103 2

12/1/2016 1.16 1.38 0.187 4

12/19/2016 1.88 2.02 0.072 2

** ADR 0.0300 (-0.79/0.51) 17 (5)

Symbol: BCLI

Date Buy Sell Gain Days

7/14/2016 3.56 2.71 -0.242 2

12/14/2016 2.62 2.69 0.024 4

** ADR -0.0363 (-0.24/-0.22) 6 (2)

Symbol: BCRX

Date Buy Sell Gain Days

3/3/2016 2.61 2.87 0.097 3

8/9/2016 4.95 5.03 0.013 2

11/7/2016 4.49 5.07 0.126 3

12/19/2016 6.85 6.40 -0.068 3

** ADR 0.0153 (-0.07/0.17) 11 (3)

Symbol: BEAT

Date Buy Sell Gain Days

2/18/2016 11.65 12.01 0.028 2

4/27/2016 14.46 15.74 0.086 3

** ADR 0.0228 (0.00/0.11) 5 (0)

Symbol: BGFV

Date Buy Sell Gain Days

8/3/2016 12.02 12.47 0.034 3

** ADR 0.0115 (0.00/0.03) 3 (0)

Symbol: BITA

Date Buy Sell Gain Days

2/17/2016 20.82 19.81 -0.051 2

** ADR -0.0257 (-0.05/-0.05) 2 (2)

Symbol: BLDP

Date Buy Sell Gain Days

7/18/2016 2.01 1.57 -0.222 1

** ADR -0.2217 (-0.22/-0.22) 1 (1)

Symbol: BONT

Date Buy Sell Gain Days

1/22/2016 2.16 1.78 -0.179 1

3/4/2016 2.58 2.55 -0.014 2

12/6/2016 1.81 1.82 0.003 2

** ADR -0.0381 (-0.19/-0.19) 5 (3)

Symbol: BOSC

Date Buy Sell Gain Days

5/31/2016 4.07 3.50 -0.143 2

** ADR -0.0714 (-0.14/-0.14) 2 (2)

Symbol: BPTH

Date Buy Sell Gain Days

11/11/2016 1.41 1.39 -0.017 2

** ADR -0.0085 (-0.02/-0.02) 2 (2)

Symbol: BSET

Date Buy Sell Gain Days

1/21/2016 28.55 31.09 0.086 3

** ADR 0.0287 (0.00/0.09) 3 (0)

Symbol: BSFT

Date Buy Sell Gain Days

2/29/2016 36.89 38.88 0.051 2

** ADR 0.0256 (0.00/0.05) 2 (0)

Symbol: BSQR

Date Buy Sell Gain Days

6/1/2016 6.17 6.06 -0.021 3

11/11/2016 4.60 5.35 0.160 4

** ADR 0.0199 (-0.02/0.14) 7 (3)

Symbol: BTE

Date Buy Sell Gain Days

3/2/2016 2.93 4.00 0.362 3

6/7/2016 6.46 6.05 -0.066 3

** ADR 0.0494 (-0.07/0.30) 6 (3)

Symbol: BTX

Date Buy Sell Gain Days

9/8/2016 3.49 3.35 -0.043 1

** ADR -0.0429 (-0.04/-0.04) 1 (1)

Symbol: BUR

Date Buy Sell Gain Days

2/17/2016 1.87 1.99 0.061 2

2/25/2016 2.61 2.56 -0.022 1

9/6/2016 2.68 2.52 -0.063 1

** ADR -0.0058 (-0.08/-0.02) 4 (2)

Symbol: BVX

Date Buy Sell Gain Days

8/2/2016 2.38 3.10 0.300 4

8/17/2016 3.56 3.78 0.059 2

8/22/2016 4.50 4.50 -0.003 2

10/27/2016 5.54 5.51 -0.008 2

** ADR 0.0348 (-0.01/0.35) 10 (4)

Symbol: CAL

Date Buy Sell Gain Days

5/27/2016 25.23 25.00 -0.012 3

11/23/2016 32.43 32.48 -0.001 3

** ADR -0.0022 (-0.01/-0.01) 6 (6)

Symbol: CASC

Date Buy Sell Gain Days

3/18/2016 7.74 7.62 -0.018 2

7/12/2016 7.32 7.08 -0.036 1

** ADR -0.0180 (-0.05/-0.05) 3 (3)

Symbol: CBAK

Date Buy Sell Gain Days

2/16/2016 2.45 2.38 -0.031 2

11/15/2016 1.80 1.70 -0.058 1

** ADR -0.0299 (-0.09/-0.09) 3 (3)

Symbol: CBK

Date Buy Sell Gain Days

1/22/2016 1.80 1.68 -0.069 1

3/7/2016 1.72 2.67 0.550 3

3/11/2016 2.67 2.63 -0.018 1

4/18/2016 2.69 2.67 -0.010 3

6/9/2016 2.36 2.25 -0.049 1

11/4/2016 1.47 1.47 -0.003 2

12/1/2016 2.10 2.18 0.035 2

** ADR 0.0335 (-0.15/0.44) 13 (8)

Symbol: CBR

Date Buy Sell Gain Days

6/17/2016 1.91 1.86 -0.029 2

8/9/2016 1.17 1.21 0.031 3

11/18/2016 0.81 0.79 -0.037 3

** ADR -0.0044 (-0.07/-0.03) 8 (5)

Symbol: CDOR

Date Buy Sell Gain Days

3/17/2016 1.20 1.45 0.207 3

5/4/2016 2.51 2.17 -0.137 2

** ADR 0.0139 (-0.14/0.07) 5 (2)

Symbol: CDXC

Date Buy Sell Gain Days

5/16/2016 5.70 5.59 -0.022 1

** ADR -0.0221 (-0.02/-0.02) 1 (1)

Symbol: CECO

Date Buy Sell Gain Days

3/1/2016 3.26 4.36 0.335 2

11/9/2016 8.52 9.27 0.085 3

** ADR 0.0840 (0.00/0.42) 5 (0)

Symbol: CHNR

Date Buy Sell Gain Days

3/15/2016 1.70 1.71 0.003 3

3/23/2016 2.58 2.12 -0.181 1

5/4/2016 1.77 1.71 -0.037 2

8/3/2016 2.54 2.15 -0.156 1

11/8/2016 1.98 1.67 -0.159 2

11/16/2016 4.82 2.45 -0.495 1

12/22/2016 2.58 2.47 -0.045 2

** ADR -0.0892 (-1.07/-1.07) 12 (9)

Symbol: CIE

Date Buy Sell Gain Days

8/18/2016 1.34 1.31 -0.025 2

** ADR -0.0126 (-0.03/-0.03) 2 (2)

Symbol: CIVB

Date Buy Sell Gain Days

11/30/2016 18.95 19.29 0.016 5

** ADR 0.0031 (0.00/0.02) 5 (0)

Symbol: CLDX

Date Buy Sell Gain Days

11/8/2016 3.78 4.92 0.299 4

** ADR 0.0747 (0.00/0.30) 4 (0)

Symbol: CLNT

Date Buy Sell Gain Days

5/4/2016 1.43 1.15 -0.199 2

6/7/2016 1.16 1.01 -0.132 2

6/23/2016 1.08 1.03 -0.049 1

7/22/2016 1.51 1.45 -0.043 2

11/17/2016 0.87 0.80 -0.093 1

** ADR -0.0644 (-0.52/-0.52) 8 (8)

Symbol: CMRE

Date Buy Sell Gain Days

1/28/2016 7.44 6.77 -0.093 5

** ADR -0.0185 (-0.09/-0.09) 5 (5)

Symbol: CNET

Date Buy Sell Gain Days

7/11/2016 1.60 1.65 0.028 5

7/21/2016 1.98 2.02 0.023 2

9/30/2016 1.80 1.66 -0.081 5

** ADR -0.0025 (-0.08/-0.03) 12 (5)

Symbol: CO

Date Buy Sell Gain Days

12/23/2016 6.34 5.37 -0.156 1

** ADR -0.1558 (-0.16/-0.16) 1 (1)

Symbol: CPA

Date Buy Sell Gain Days

8/4/2016 75.21 77.26 0.025 3

** ADR 0.0082 (0.00/0.02) 3 (0)

Symbol: CPE

Date Buy Sell Gain Days

11/30/2016 17.64 17.24 -0.025 2

** ADR -0.0127 (-0.03/-0.03) 2 (2)

Symbol: CPRX

Date Buy Sell Gain Days

6/15/2016 0.79 0.78 -0.025 1

8/19/2016 0.94 1.02 0.077 2

10/5/2016 1.46 1.36 -0.071 2

** ADR -0.0039 (-0.10/-0.02) 5 (3)

Symbol: CRAY

Date Buy Sell Gain Days

2/16/2016 40.24 41.99 0.041 2

** ADR 0.0203 (0.00/0.04) 2 (0)

Symbol: CREG

Date Buy Sell Gain Days

3/21/2016 3.70 3.10 -0.165 5

11/16/2016 1.82 1.82 -0.003 2

** ADR -0.0240 (-0.17/-0.17) 7 (7)

Symbol: CRIS

Date Buy Sell Gain Days

3/3/2016 1.79 1.76 -0.020 1

4/14/2016 2.07 1.99 -0.041 1

9/20/2016 2.37 2.36 -0.007 1

10/7/2016 3.37 3.22 -0.047 1

11/9/2016 3.15 3.49 0.105 4

** ADR -0.0013 (-0.12/-0.01) 8 (4)

Symbol: CRMD

Date Buy Sell Gain Days

1/22/2016 1.75 1.78 0.014 3

2/12/2016 1.89 1.91 0.008 3

3/3/2016 2.39 2.49 0.039 3

4/1/2016 3.26 3.09 -0.055 2

8/11/2016 1.76 1.79 0.014 2

8/31/2016 1.97 1.83 -0.074 2

9/13/2016 2.22 2.16 -0.030 2

9/19/2016 2.64 2.88 0.088 3

10/5/2016 3.25 2.91 -0.107 2

** ADR -0.0047 (-0.27/-0.10) 22 (8)

Symbol: CRME

Date Buy Sell Gain Days

1/26/2016 6.27 5.82 -0.075 1

** ADR -0.0746 (-0.07/-0.07) 1 (1)

Symbol: CUBA

Date Buy Sell Gain Days

2/18/2016 6.39 6.77 0.057 4

** ADR 0.0143 (0.00/0.06) 4 (0)

Symbol: CUO

Date Buy Sell Gain Days

8/17/2016 22.25 21.50 -0.037 2

** ADR -0.0183 (-0.04/-0.04) 2 (2)

Symbol: CVGI

Date Buy Sell Gain Days

3/4/2016 3.18 2.78 -0.129 5

5/20/2016 3.50 3.53 0.006 5

** ADR -0.0123 (-0.13/-0.12) 10 (5)

Symbol: CYBE

Date Buy Sell Gain Days

4/13/2016 11.19 14.88 0.327 3

4/29/2016 17.55 17.01 -0.034 2

8/29/2016 21.56 20.31 -0.061 1

** ADR 0.0388 (-0.09/0.23) 6 (3)

Symbol: CYCC

Date Buy Sell Gain Days

3/7/2016 5.52 5.64 0.019 2

5/25/2016 5.16 4.80 -0.073 2

6/6/2016 6.43 6.00 -0.070 2

8/12/2016 5.40 7.31 0.351 2

8/17/2016 8.00 7.51 -0.064 1

11/9/2016 3.87 3.59 -0.075 2

11/17/2016 5.38 4.58 -0.151 1

12/27/2016 5.18 5.13 -0.012 2

** ADR -0.0054 (-0.45/-0.08) 14 (10)

Symbol: DEST

Date Buy Sell Gain Days

3/18/2016 10.05 8.80 -0.127 1

9/21/2016 6.10 6.25 0.022 4

** ADR -0.0211 (-0.13/-0.11) 5 (1)

Symbol: DFBG

Date Buy Sell Gain Days

9/6/2016 6.00 6.40 0.064 3

9/14/2016 7.91 6.43 -0.190 2

** ADR -0.0252 (-0.19/-0.13) 5 (2)

Symbol: DGI

Date Buy Sell Gain Days

7/29/2016 26.96 26.88 -0.006 2

** ADR -0.0029 (-0.01/-0.01) 2 (2)

Symbol: DGLY

Date Buy Sell Gain Days

7/8/2016 6.69 5.23 -0.221 2

** ADR -0.1105 (-0.22/-0.22) 2 (2)

Symbol: DLHC

Date Buy Sell Gain Days

3/28/2016 4.13 4.02 -0.029 2

5/4/2016 4.75 4.61 -0.032 1

** ADR -0.0206 (-0.06/-0.06) 3 (3)

Symbol: DMRC

Date Buy Sell Gain Days

1/12/2016 41.78 42.27 0.009 2

** ADR 0.0045 (0.00/0.01) 2 (0)

Symbol: DNR

Date Buy Sell Gain Days

3/3/2016 2.13 3.26 0.528 1

3/7/2016 3.66 2.22 -0.396 1

4/12/2016 3.23 3.06 -0.055 2

9/28/2016 3.19 3.29 0.029 3

11/30/2016 3.78 3.85 0.016 3

** ADR 0.0120 (-0.45/0.12) 10 (3)

Symbol: DQ

Date Buy Sell Gain Days

2/22/2016 18.97 17.99 -0.054 1

4/14/2016 24.00 22.97 -0.046 1

** ADR -0.0501 (-0.10/-0.10) 2 (2)

Symbol: DRYS

Date Buy Sell Gain Days

1/22/2016 1800.00 1560.00 -0.136 2

2/16/2016 1440.00 1440.00 -0.003 1

3/3/2016 1680.00 1680.00 -0.003 3

4/27/2016 1382.40 1924.80 0.390 2

7/21/2016 278.40 244.80 -0.123 1

11/10/2016 95.20 342.88 2.599 2

11/15/2016 584.00 88.00 -0.852 2

12/15/2016 43.20 39.92 -0.079 2

** ADR 0.1195 (-1.20/1.79) 15 (11)

Symbol: DSCI

Date Buy Sell Gain Days

7/28/2016 4.85 4.78 -0.017 3

** ADR -0.0057 (-0.02/-0.02) 3 (3)

Symbol: DTLK

Date Buy Sell Gain Days

11/7/2016 11.14 11.17 -0.000 2

** ADR -0.0001 (-0.00/-0.00) 2 (2)

Symbol: DUST

Date Buy Sell Gain Days

5/18/2016 76.90 72.40 -0.061 2

8/24/2016 36.05 35.30 -0.024 2

** ADR -0.0212 (-0.08/-0.08) 4 (4)

Symbol: DXPE

Date Buy Sell Gain Days

8/10/2016 27.60 29.74 0.075 3

11/15/2016 29.18 29.25 -0.000 3

** ADR 0.0124 (-0.00/0.07) 6 (3)

Symbol: EBIX

Date Buy Sell Gain Days

3/1/2016 41.00 41.11 -0.000 1

** ADR -0.0001 (-0.00/-0.00) 1 (1)

Symbol: ECA

Date Buy Sell Gain Days

2/24/2016 3.65 4.27 0.166 4

3/4/2016 5.43 5.18 -0.049 2

** ADR 0.0195 (-0.05/0.12) 6 (2)

Symbol: ECTE

Date Buy Sell Gain Days

5/3/2016 1.70 1.54 -0.097 2

6/6/2016 2.15 2.42 0.123 3

7/8/2016 1.79 1.48 -0.176 1

** ADR -0.0250 (-0.27/-0.15) 6 (3)

Symbol: EDAP

Date Buy Sell Gain Days

11/10/2016 3.10 3.13 0.007 2

** ADR 0.0034 (0.00/0.01) 2 (0)

Symbol: EDUC

Date Buy Sell Gain Days

2/22/2016 12.22 11.58 -0.055 2

** ADR -0.0275 (-0.06/-0.06) 2 (2)

Symbol: EGAN

Date Buy Sell Gain Days

9/16/2016 3.20 2.99 -0.068 1

** ADR -0.0684 (-0.07/-0.07) 1 (1)

Symbol: EGAS

Date Buy Sell Gain Days

10/10/2016 12.50 12.45 -0.007 3

** ADR -0.0024 (-0.01/-0.01) 3 (3)

Symbol: EGLE

Date Buy Sell Gain Days

3/4/2016 25.80 60.00 1.323 1

3/8/2016 39.80 32.20 -0.194 1

4/8/2016 12.60 18.20 0.442 1

4/27/2016 13.40 15.00 0.117 3

7/21/2016 10.40 7.80 -0.253 2

8/26/2016 9.19 7.80 -0.154 2

11/10/2016 5.06 9.15 0.806 2

11/15/2016 9.02 7.11 -0.215 2

** ADR 0.1337 (-0.82/1.87) 14 (7)

Symbol: ELLI

Date Buy Sell Gain Days

2/12/2016 73.61 78.97 0.070 3

** ADR 0.0233 (0.00/0.07) 3 (0)

Symbol: ELMD

Date Buy Sell Gain Days

2/10/2016 3.25 3.73 0.145 5

** ADR 0.0290 (0.00/0.14) 5 (0)

Symbol: EMAN

Date Buy Sell Gain Days

1/6/2016 1.90 1.97 0.034 2

2/3/2016 1.64 1.78 0.083 3

3/15/2016 2.08 1.98 -0.051 1

** ADR 0.0110 (-0.05/0.07) 6 (1)

Symbol: EMMS

Date Buy Sell Gain Days

6/2/2016 2.76 2.56 -0.075 1

7/8/2016 3.36 4.00 0.188 3

** ADR 0.0281 (-0.08/0.11) 4 (1)

Symbol: ENDP

Date Buy Sell Gain Days

8/9/2016 22.16 23.23 0.045 4

9/23/2016 23.39 21.99 -0.063 1

** ADR -0.0034 (-0.06/-0.02) 5 (1)

Symbol: ENG

Date Buy Sell Gain Days

7/28/2016 1.52 1.48 -0.029 1

12/8/2016 1.68 1.71 0.015 2

12/27/2016 2.46 2.28 -0.076 2

** ADR -0.0180 (-0.11/-0.09) 5 (3)

Symbol: ENSV

Date Buy Sell Gain Days

12/1/2016 0.74 0.43 -0.430 1

12/12/2016 0.61 0.56 -0.091 2

** ADR -0.1734 (-0.52/-0.52) 3 (3)

Symbol: ENZ

Date Buy Sell Gain Days

5/9/2016 5.99 5.88 -0.021 1

** ADR -0.0212 (-0.02/-0.02) 1 (1)

Symbol: ERB

Date Buy Sell Gain Days

8/19/2016 1.10 0.88 -0.207 2

** ADR -0.1034 (-0.21/-0.21) 2 (2)

Symbol: ERN

Date Buy Sell Gain Days

5/26/2016 2.48 2.42 -0.027 2

** ADR -0.0135 (-0.03/-0.03) 2 (2)

Symbol: ESTE

Date Buy Sell Gain Days

5/24/2016 14.84 15.56 0.046 2

11/8/2016 11.43 12.86 0.122 3

** ADR 0.0336 (0.00/0.17) 5 (0)

Symbol: EVI

Date Buy Sell Gain Days

9/8/2016 6.45 6.37 -0.015 2

9/30/2016 8.09 8.76 0.081 2

10/20/2016 8.25 8.00 -0.033 3

11/3/2016 10.33 9.44 -0.089 2

11/16/2016 14.11 14.06 -0.006 5

** ADR -0.0045 (-0.14/-0.06) 14 (12)

Symbol: EVK

Date Buy Sell Gain Days

4/22/2016 2.17 2.01 -0.077 1

7/22/2016 2.56 2.78 0.083 3

** ADR 0.0017 (-0.08/0.01) 4 (1)

Symbol: EVLV

Date Buy Sell Gain Days

3/4/2016 0.86 0.89 0.022 3

3/28/2016 0.99 1.30 0.305 5

5/24/2016 1.30 1.45 0.113 3

** ADR 0.0400 (0.00/0.44) 11 (0)

Symbol: EVRI

Date Buy Sell Gain Days

2/12/2016 2.78 2.55 -0.086 1

** ADR -0.0855 (-0.09/-0.09) 1 (1)

Symbol: FCEL

Date Buy Sell Gain Days

5/31/2016 7.65 8.22 0.072 3

** ADR 0.0239 (0.00/0.07) 3 (0)

Symbol: FDML

Date Buy Sell Gain Days

2/26/2016 4.98 7.26 0.455 1

3/1/2016 7.36 8.09 0.096 2

** ADR 0.1838 (0.00/0.55) 3 (0)

Symbol: FLO

Date Buy Sell Gain Days

12/9/2016 19.14 19.51 0.016 4

** ADR 0.0041 (0.00/0.02) 4 (0)

Symbol: FOLD

Date Buy Sell Gain Days

3/2/2016 7.98 7.55 -0.057 2

7/27/2016 7.13 6.72 -0.060 2

11/7/2016 7.43 9.20 0.235 4

** ADR 0.0148 (-0.12/0.12) 8 (4)

Symbol: FONR

Date Buy Sell Gain Days

11/10/2016 19.15 18.90 -0.016 3

** ADR -0.0053 (-0.02/-0.02) 3 (3)

Symbol: FRAN

Date Buy Sell Gain Days

12/6/2016 20.01 21.19 0.056 3

** ADR 0.0187 (0.00/0.06) 3 (0)

Symbol: FSI

Date Buy Sell Gain Days

3/7/2016 0.98 1.00 0.009 3

4/21/2016 1.25 1.34 0.069 5

7/11/2016 1.72 1.64 -0.049 2

** ADR 0.0029 (-0.05/0.03) 10 (2)

Symbol: FSTR

Date Buy Sell Gain Days

3/2/2016 15.38 16.47 0.068 3

** ADR 0.0227 (0.00/0.07) 3 (0)

Symbol: FXCM

Date Buy Sell Gain Days

2/17/2016 12.32 11.70 -0.053 1

3/2/2016 14.92 15.42 0.031 2

6/16/2016 9.30 8.64 -0.074 1

** ADR -0.0240 (-0.13/-0.10) 4 (2)

Symbol: GALE

Date Buy Sell Gain Days

3/22/2016 21.00 21.20 0.007 2

3/30/2016 27.60 33.20 0.200 4

6/1/2016 43.20 42.40 -0.021 2

7/20/2016 9.80 9.00 -0.084 2

9/20/2016 7.60 7.20 -0.055 1

12/28/2016 2.38 2.05 -0.141 1

** ADR -0.0080 (-0.30/-0.10) 12 (6)

Symbol: GEN

Date Buy Sell Gain Days

7/12/2016 2.10 2.04 -0.031 1

** ADR -0.0314 (-0.03/-0.03) 1 (1)

Symbol: GEO

Date Buy Sell Gain Days

11/9/2016 28.51 30.66 0.072 3

** ADR 0.0242 (0.00/0.07) 3 (0)

Symbol: GLF

Date Buy Sell Gain Days

3/1/2016 4.04 5.34 0.319 2

3/4/2016 5.76 6.32 0.094 4

12/12/2016 1.70 2.30 0.350 1

12/20/2016 2.15 1.80 -0.166 3

** ADR 0.0598 (-0.17/0.60) 10 (3)

Symbol: GLNG

Date Buy Sell Gain Days

1/22/2016 17.81 18.40 0.030 3

** ADR 0.0100 (0.00/0.03) 3 (0)

Symbol: GLUU

Date Buy Sell Gain Days

2/4/2016 2.67 2.70 0.008 2

** ADR 0.0042 (0.00/0.01) 2 (0)

Symbol: GMAN

Date Buy Sell Gain Days

8/18/2016 1.38 1.28 -0.075 1

** ADR -0.0753 (-0.08/-0.08) 1 (1)

Symbol: GNE

Date Buy Sell Gain Days

4/18/2016 8.11 7.84 -0.036 2

11/11/2016 6.41 6.21 -0.034 5

** ADR -0.0100 (-0.07/-0.07) 7 (7)

Symbol: GNMK

Date Buy Sell Gain Days

9/16/2016 10.61 10.89 0.024 3

** ADR 0.0079 (0.00/0.02) 3 (0)

Symbol: GNRC

Date Buy Sell Gain Days

2/16/2016 32.75 34.05 0.037 3

** ADR 0.0123 (0.00/0.04) 3 (0)

Symbol: GSL

Date Buy Sell Gain Days

4/25/2016 1.81 2.26 0.246 5

11/15/2016 1.56 2.50 0.600 2

** ADR 0.1208 (0.00/0.85) 7 (0)

Symbol: GST

Date Buy Sell Gain Days

3/7/2016 1.06 0.88 -0.177 3

3/11/2016 1.11 1.06 -0.048 2

4/27/2016 1.78 2.03 0.138 3

6/23/2016 1.14 0.92 -0.200 2

10/20/2016 1.39 1.35 -0.032 2

** ADR -0.0265 (-0.46/-0.32) 12 (9)

Symbol: GTLS

Date Buy Sell Gain Days

2/25/2016 19.92 21.23 0.063 5

** ADR 0.0126 (0.00/0.06) 5 (0)

Symbol: GV

Date Buy Sell Gain Days

3/16/2016 1.60 1.64 0.022 2

5/6/2016 2.40 2.52 0.047 2

11/25/2016 3.80 3.80 -0.003 1

** ADR 0.0133 (-0.00/0.07) 5 (1)

Symbol: HAR

Date Buy Sell Gain Days

11/14/2016 109.37 108.86 -0.008 2

** ADR -0.0038 (-0.01/-0.01) 2 (2)

Symbol: HBM

Date Buy Sell Gain Days

1/29/2016 1.94 1.79 -0.080 2

2/4/2016 2.24 2.18 -0.029 1

3/2/2016 3.40 3.92 0.150 3

4/19/2016 4.22 4.00 -0.055 2

11/8/2016 5.35 5.75 0.072 3

** ADR 0.0052 (-0.16/0.06) 11 (5)

Symbol: HGSH

Date Buy Sell Gain Days

3/18/2016 1.99 2.74 0.374 1

4/8/2016 2.81 2.42 -0.142 1

7/21/2016 2.26 2.04 -0.100 1

** ADR 0.0441 (-0.24/0.13) 3 (2)

Symbol: HGT

Date Buy Sell Gain Days

6/8/2016 2.11 2.22 0.048 3

9/21/2016 2.67 2.35 -0.123 2

** ADR -0.0150 (-0.12/-0.08) 5 (2)

Symbol: HK

Date Buy Sell Gain Days

2/29/2016 20.00 35.17 0.756 4

3/7/2016 47.24 36.90 -0.222 2

5/31/2016 10.34 10.34 -0.003 3

** ADR 0.0590 (-0.22/0.53) 9 (5)

Symbol: HOFT

Date Buy Sell Gain Days

1/7/2016 29.85 28.78 -0.039 3

** ADR -0.0129 (-0.04/-0.04) 3 (3)

Symbol: HOVNP

Date Buy Sell Gain Days

4/11/2016 2.54 2.70 0.060 2

5/24/2016 3.17 4.37 0.376 1

5/26/2016 4.28 5.99 0.397 2

12/5/2016 6.22 6.05 -0.030 1

** ADR 0.1338 (-0.03/0.80) 6 (1)

Symbol: HRTX

Date Buy Sell Gain Days

3/29/2016 19.68 20.11 0.019 4

** ADR 0.0048 (0.00/0.02) 4 (0)

Symbol: HW

Date Buy Sell Gain Days

11/21/2016 23.52 23.57 -0.001 2

** ADR -0.0003 (-0.00/-0.00) 2 (2)

Symbol: HWAY

Date Buy Sell Gain Days

7/28/2016 15.93 16.64 0.042 3

8/10/2016 21.36 22.23 0.038 2

** ADR 0.0159 (0.00/0.08) 5 (0)

Symbol: HYGS

Date Buy Sell Gain Days

1/22/2016 7.73 8.06 0.040 2

** ADR 0.0199 (0.00/0.04) 2 (0)

Symbol: IDSA

Date Buy Sell Gain Days

2/22/2016 1.68 1.76 0.045 5

3/7/2016 2.05 2.20 0.070 5

11/14/2016 1.64 1.44 -0.125 3

11/25/2016 2.51 2.51 -0.003 3

** ADR -0.0008 (-0.13/-0.01) 16 (6)

Symbol: IGLD

Date Buy Sell Gain Days

2/1/2016 11.63 11.12 -0.047 1

** ADR -0.0467 (-0.05/-0.05) 1 (1)

Symbol: IKGH

Date Buy Sell Gain Days

2/2/2016 1.38 1.58 0.142 3

2/17/2016 1.32 1.30 -0.018 2

5/16/2016 1.30 1.56 0.197 3

8/31/2016 0.54 0.50 -0.087 2

9/19/2016 0.43 0.41 -0.059 2

11/28/2016 0.25 0.23 -0.092 1

12/8/2016 0.33 0.28 -0.164 2

** ADR -0.0053 (-0.42/-0.08) 15 (9)

Symbol: IL

Date Buy Sell Gain Days

8/4/2016 8.09 8.65 0.066 3

12/6/2016 13.12 13.03 -0.010 5

** ADR 0.0071 (-0.01/0.06) 8 (5)

Symbol: IMMR

Date Buy Sell Gain Days

2/26/2016 9.03 9.00 -0.006 2

** ADR -0.0031 (-0.01/-0.01) 2 (2)

Symbol: IMMY

Date Buy Sell Gain Days

12/21/2016 2.01 2.82 0.400 2

** ADR 0.2001 (0.00/0.40) 2 (0)

Symbol: INO

Date Buy Sell Gain Days

1/29/2016 6.68 6.50 -0.030 2

** ADR -0.0149 (-0.03/-0.03) 2 (2)

Symbol: INSM

Date Buy Sell Gain Days

11/9/2016 13.59 15.11 0.109 3

** ADR 0.0363 (0.00/0.11) 3 (0)

Symbol: INTG

Date Buy Sell Gain Days

5/20/2016 32.35 30.90 -0.048 2

** ADR -0.0238 (-0.05/-0.05) 2 (2)

Symbol: INTX

Date Buy Sell Gain Days

10/31/2016 2.20 2.17 -0.016 2

12/5/2016 2.62 3.66 0.394 3

12/9/2016 4.03 4.01 -0.008 2

** ADR 0.0528 (-0.02/0.37) 7 (4)

Symbol: IPCI

Date Buy Sell Gain Days

2/25/2016 2.87 2.71 -0.059 1

9/22/2016 2.30 2.11 -0.085 1

10/10/2016 2.84 2.90 0.018 3

** ADR -0.0251 (-0.14/-0.13) 5 (2)

Symbol: ISLE

Date Buy Sell Gain Days

9/19/2016 22.04 22.89 0.036 4

** ADR 0.0089 (0.00/0.04) 4 (0)

Symbol: ISNS

Date Buy Sell Gain Days

8/8/2016 4.05 3.65 -0.102 3

** ADR -0.0339 (-0.10/-0.10) 3 (3)

Symbol: ITUS

Date Buy Sell Gain Days

9/30/2016 3.89 4.75 0.218 3

** ADR 0.0728 (0.00/0.22) 3 (0)

Symbol: JBSS

Date Buy Sell Gain Days

1/29/2016 54.69 58.97 0.076 3

11/1/2016 59.01 57.20 -0.033 2

** ADR 0.0084 (-0.03/0.04) 5 (2)

Symbol: JCP

Date Buy Sell Gain Days

2/26/2016 9.59 10.58 0.100 3

** ADR 0.0335 (0.00/0.10) 3 (0)

Symbol: JOB

Date Buy Sell Gain Days

8/17/2016 6.22 6.06 -0.029 1

** ADR -0.0285 (-0.03/-0.03) 1 (1)

Symbol: JOY

Date Buy Sell Gain Days

3/3/2016 16.06 16.39 0.018 3

4/13/2016 18.38 18.54 0.006 3

6/2/2016 20.34 22.65 0.111 4

7/21/2016 28.18 27.81 -0.016 2

** ADR 0.0099 (-0.02/0.12) 12 (2)

Symbol: KEG

Date Buy Sell Gain Days

1/14/2016 70.00 56.00 -0.203 2

3/3/2016 64.00 88.00 0.372 2

4/28/2016 98.00 100.00 0.018 2

6/6/2016 68.00 68.00 -0.003 2

8/9/2016 16.00 26.00 0.622 1

10/18/2016 14.00 14.00 -0.003 3

11/15/2016 14.00 12.00 -0.146 2

12/8/2016 20.00 26.00 0.297 5

12/19/2016 31.50 32.10 0.016 2

** ADR 0.0463 (-0.35/0.97) 21 (9)

Symbol: KEYW

Date Buy Sell Gain Days

2/25/2016 6.34 6.09 -0.042 3

5/11/2016 7.93 8.00 0.006 2

** ADR -0.0072 (-0.04/-0.04) 5 (3)

Symbol: KGJI

Date Buy Sell Gain Days

1/22/2016 0.69 1.03 0.485 1

1/26/2016 0.91 0.80 -0.133 2

6/24/2016 1.93 1.81 -0.065 1

8/1/2016 2.10 1.97 -0.065 2

11/25/2016 1.61 1.51 -0.065 2

** ADR 0.0197 (-0.33/0.16) 8 (7)

Symbol: KONE

Date Buy Sell Gain Days

1/20/2016 3.60 2.90 -0.197 3

6/29/2016 3.10 1.97 -0.367 1

7/21/2016 7.30 10.20 0.394 1

8/29/2016 6.26 7.29 0.162 5

10/21/2016 6.59 5.31 -0.197 3

11/17/2016 6.19 5.07 -0.184 4

** ADR -0.0229 (-0.95/-0.39) 17 (11)

Symbol: KORS

Date Buy Sell Gain Days

2/2/2016 50.11 51.72 0.029 2

** ADR 0.0147 (0.00/0.03) 2 (0)

Symbol: KRO

Date Buy Sell Gain Days

2/29/2016 5.83 6.16 0.055 5

11/8/2016 8.96 11.51 0.282 5

** ADR 0.0336 (0.00/0.34) 10 (0)

Symbol: LBIO

Date Buy Sell Gain Days

6/3/2016 8.65 8.02 -0.076 2

11/9/2016 7.00 7.60 0.083 2

** ADR 0.0018 (-0.08/0.01) 4 (2)

Symbol: LCI

Date Buy Sell Gain Days

8/24/2016 36.75 34.23 -0.071 2

** ADR -0.0357 (-0.07/-0.07) 2 (2)

Symbol: LEDS

Date Buy Sell Gain Days

6/1/2016 2.35 1.91 -0.190 2

7/5/2016 2.81 10.15 2.609 2

7/8/2016 6.98 6.06 -0.135 1

8/11/2016 6.96 6.40 -0.083 2

9/6/2016 7.35 6.88 -0.067 1

11/22/2016 5.09 4.24 -0.170 1

** ADR 0.2183 (-0.64/1.96) 9 (7)

Symbol: LEE

Date Buy Sell Gain Days

3/3/2016 1.80 1.95 0.081 3

** ADR 0.0268 (0.00/0.08) 3 (0)

Symbol: LEU

Date Buy Sell Gain Days

1/29/2016 1.37 1.32 -0.039 1

3/1/2016 1.40 1.50 0.069 3

3/8/2016 3.27 2.44 -0.257 2

3/22/2016 3.10 3.43 0.104 3

3/30/2016 4.55 4.43 -0.029 2

6/2/2016 3.39 3.16 -0.071 1

11/28/2016 5.77 6.11 0.056 3

** ADR -0.0112 (-0.40/-0.17) 15 (6)

Symbol: LFVN

Date Buy Sell Gain Days

12/9/2016 9.85 8.67 -0.123 2

** ADR -0.0613 (-0.12/-0.12) 2 (2)

Symbol: LINC

Date Buy Sell Gain Days

1/19/2016 3.05 2.89 -0.055 2

** ADR -0.0276 (-0.06/-0.06) 2 (2)

Symbol: LIVE

Date Buy Sell Gain Days

1/22/2016 10.08 8.58 -0.152 2

2/12/2016 9.36 9.18 -0.022 2

** ADR -0.0434 (-0.17/-0.17) 4 (4)

Symbol: LMAT

Date Buy Sell Gain Days

2/25/2016 14.95 14.63 -0.024 5

7/28/2016 16.52 17.31 0.045 3

** ADR 0.0027 (-0.02/0.02) 8 (5)

Symbol: LPI

Date Buy Sell Gain Days

3/7/2016 8.67 7.43 -0.146 1

** ADR -0.1458 (-0.15/-0.15) 1 (1)

Symbol: LRN

Date Buy Sell Gain Days

4/27/2016 12.10 12.29 0.013 2

** ADR 0.0065 (0.00/0.01) 2 (0)

Symbol: LSCC

Date Buy Sell Gain Days

2/18/2016 5.42 6.14 0.130 5

4/13/2016 6.36 5.65 -0.114 2

11/3/2016 7.55 7.66 0.012 5

** ADR 0.0023 (-0.11/0.03) 12 (2)

Symbol: LTS

Date Buy Sell Gain Days

11/10/2016 2.21 2.36 0.065 5

** ADR 0.0130 (0.00/0.07) 5 (0)

Symbol: LULU

Date Buy Sell Gain Days

12/8/2016 68.84 69.71 0.010 2

** ADR 0.0049 (0.00/0.01) 2 (0)

Symbol: LXU

Date Buy Sell Gain Days

3/1/2016 7.08 10.08 0.421 2

3/4/2016 10.44 10.96 0.047 2

3/18/2016 13.54 13.29 -0.021 2

5/12/2016 14.20 13.65 -0.042 2

11/4/2016 5.94 7.90 0.327 4

** ADR 0.0610 (-0.06/0.73) 12 (4)

Symbol: MBLX

Date Buy Sell Gain Days

3/7/2016 2.12 2.21 0.040 2

8/23/2016 0.46 0.41 -0.121 5

9/21/2016 0.40 0.38 -0.063 1

10/3/2016 0.59 0.55 -0.080 2

12/7/2016 0.32 0.51 0.578 1

12/22/2016 0.43 0.37 -0.152 1

** ADR 0.0169 (-0.42/0.20) 12 (9)

Symbol: MCEP

Date Buy Sell Gain Days

2/29/2016 1.14 1.02 -0.108 2

3/3/2016 1.33 1.83 0.373 2

3/31/2016 1.77 2.19 0.234 3

4/11/2016 3.07 3.19 0.036 2

8/1/2016 1.75 2.58 0.471 4

8/8/2016 2.91 2.39 -0.181 2

9/8/2016 2.95 2.55 -0.138 4

11/30/2016 2.49 2.57 0.029 2

** ADR 0.0341 (-0.43/0.72) 21 (8)

Symbol: MCF

Date Buy Sell Gain Days

1/27/2016 5.76 6.03 0.044 3

3/18/2016 11.47 11.54 0.003 3

** ADR 0.0079 (0.00/0.05) 6 (0)

Symbol: MEIP

Date Buy Sell Gain Days

8/8/2016 2.06 2.04 -0.013 5

** ADR -0.0025 (-0.01/-0.01) 5 (5)

Symbol: MERC

Date Buy Sell Gain Days

2/12/2016 7.72 7.75 0.001 3

** ADR 0.0003 (0.00/0.00) 3 (0)

Symbol: MESO

Date Buy Sell Gain Days

2/17/2016 5.08 6.98 0.371 5

3/1/2016 7.84 9.18 0.168 3

8/11/2016 5.70 5.70 -0.003 3

** ADR 0.0488 (-0.00/0.54) 11 (3)

Symbol: MFIN

Date Buy Sell Gain Days

11/7/2016 3.93 3.94 -0.000 2

** ADR -0.0001 (-0.00/-0.00) 2 (2)

Symbol: MFRI

Date Buy Sell Gain Days

2/1/2016 7.42 7.54 0.013 2

** ADR 0.0067 (0.00/0.01) 2 (0)

Symbol: MG

Date Buy Sell Gain Days

1/7/2016 21.95 20.64 -0.062 2

** ADR -0.0312 (-0.06/-0.06) 2 (2)

Symbol: MGT

Date Buy Sell Gain Days

1/22/2016 0.32 0.30 -0.075 3

5/9/2016 0.49 0.73 0.475 1

5/11/2016 1.27 1.72 0.352 2

5/16/2016 2.96 4.15 0.399 1

6/15/2016 3.19 3.11 -0.028 4

6/29/2016 4.04 4.37 0.079 5

9/7/2016 3.99 3.40 -0.151 2

10/11/2016 2.50 2.11 -0.159 2

** ADR 0.0446 (-0.41/0.89) 20 (11)

Symbol: MHH

Date Buy Sell Gain Days

2/3/2016 7.85 7.85 -0.003 2

7/27/2016 7.79 7.67 -0.018 2

** ADR -0.0053 (-0.02/-0.02) 4 (4)

Symbol: MITK

Date Buy Sell Gain Days

2/18/2016 5.56 5.24 -0.060 2

4/28/2016 7.31 8.04 0.097 3

** ADR 0.0073 (-0.06/0.04) 5 (2)

Symbol: MITL

Date Buy Sell Gain Days

1/22/2016 7.28 7.36 0.008 3

7/8/2016 7.21 7.06 -0.024 2

** ADR -0.0031 (-0.02/-0.02) 5 (2)

Symbol: MLSS

Date Buy Sell Gain Days

5/27/2016 2.69 2.75 0.020 5

** ADR 0.0039 (0.00/0.02) 5 (0)

Symbol: MNI

Date Buy Sell Gain Days

4/12/2016 13.60 12.60 -0.076 2

6/16/2016 15.36 15.93 0.034 2

** ADR -0.0105 (-0.08/-0.04) 4 (2)

Symbol: MNTX

Date Buy Sell Gain Days

1/26/2016 5.58 5.48 -0.021 2

12/21/2016 6.75 7.47 0.104 3

** ADR 0.0166 (-0.02/0.08) 5 (2)

Symbol: MPAA

Date Buy Sell Gain Days

8/9/2016 32.92 30.20 -0.085 1

** ADR -0.0854 (-0.09/-0.09) 1 (1)

Symbol: MPET

Date Buy Sell Gain Days

2/3/2016 1.15 1.12 -0.029 3

8/3/2016 2.50 3.32 0.325 2

8/8/2016 4.16 6.01 0.442 3

12/20/2016 7.76 9.21 0.184 3

** ADR 0.0838 (-0.03/0.92) 11 (3)

Symbol: MSON

Date Buy Sell Gain Days

10/25/2016 5.92 5.87 -0.011 1

** ADR -0.0112 (-0.01/-0.01) 1 (1)

Symbol: MTL

Date Buy Sell Gain Days

1/29/2016 2.00 1.50 -0.253 1

9/6/2016 2.49 2.46 -0.015 1

9/8/2016 2.80 2.66 -0.053 1

10/20/2016 3.58 5.19 0.447 2

10/25/2016 4.87 4.80 -0.017 1

11/14/2016 6.50 6.51 -0.001 2

12/12/2016 6.09 5.96 -0.024 1

** ADR 0.0093 (-0.36/0.08) 9 (7)

Symbol: MTR

Date Buy Sell Gain Days

1/11/2016 8.38 7.39 -0.122 2

10/19/2016 9.96 10.82 0.083 3

** ADR -0.0078 (-0.12/-0.04) 5 (2)

Symbol: MWW

Date Buy Sell Gain Days

8/9/2016 3.50 3.52 0.003 2

** ADR 0.0015 (0.00/0.00) 2 (0)

Symbol: MX

Date Buy Sell Gain Days

8/4/2016 7.28 7.39 0.012 2

** ADR 0.0062 (0.00/0.01) 2 (0)

Symbol: MYOS

Date Buy Sell Gain Days

6/20/2016 2.13 2.20 0.030 2

7/28/2016 1.98 2.05 0.033 5

** ADR 0.0089 (0.00/0.06) 7 (0)

Symbol: NAII

Date Buy Sell Gain Days

2/10/2016 9.10 10.90 0.195 5

9/20/2016 11.99 11.99 -0.003 2

** ADR 0.0275 (-0.00/0.19) 7 (2)

Symbol: NCTY

Date Buy Sell Gain Days

2/4/2016 2.71 2.53 -0.069 1

** ADR -0.0692 (-0.07/-0.07) 1 (1)

Symbol: NDRO

Date Buy Sell Gain Days

4/11/2016 3.09 3.14 0.012 5

** ADR 0.0025 (0.00/0.01) 5 (0)

Symbol: NETE

Date Buy Sell Gain Days

1/19/2016 2.10 1.80 -0.146 2

3/14/2016 2.90 3.00 0.032 3

3/22/2016 4.00 4.10 0.022 3

4/19/2016 3.60 3.50 -0.031 1

9/15/2016 1.36 1.27 -0.069 1

** ADR -0.0191 (-0.25/-0.19) 10 (4)

Symbol: NFEC

Date Buy Sell Gain Days

7/11/2016 1.02 0.83 -0.193 1

7/22/2016 1.06 0.96 -0.102 1

7/29/2016 1.31 1.19 -0.094 2

11/17/2016 1.08 1.02 -0.058 2

** ADR -0.0746 (-0.45/-0.45) 6 (6)

Symbol: NFLX

Date Buy Sell Gain Days

10/18/2016 118.79 123.35 0.036 2

** ADR 0.0178 (0.00/0.04) 2 (0)

Symbol: NLNK

Date Buy Sell Gain Days

9/28/2016 14.99 14.68 -0.023 1

** ADR -0.0235 (-0.02/-0.02) 1 (1)

Symbol: NLS

Date Buy Sell Gain Days

5/10/2016 20.25 19.57 -0.036 1

** ADR -0.0364 (-0.04/-0.04) 1 (1)

Symbol: NLST

Date Buy Sell Gain Days

1/25/2016 0.96 1.09 0.128 3

3/9/2016 1.45 1.43 -0.017 2

8/31/2016 2.06 1.86 -0.100 1

** ADR 0.0019 (-0.12/0.01) 6 (3)

Symbol: NNVC

Date Buy Sell Gain Days

1/14/2016 1.21 1.20 -0.011 1

1/28/2016 1.50 1.39 -0.076 1

2/12/2016 1.80 1.77 -0.019 2

2/25/2016 2.69 2.50 -0.073 1

5/31/2016 1.92 1.86 -0.034 2

** ADR -0.0306 (-0.21/-0.21) 7 (7)

Symbol: NPO

Date Buy Sell Gain Days

2/25/2016 50.05 50.92 0.015 2

** ADR 0.0073 (0.00/0.01) 2 (0)

Symbol: NQ

Date Buy Sell Gain Days

3/24/2016 4.88 4.59 -0.062 3

8/15/2016 4.44 4.33 -0.028 2

** ADR -0.0180 (-0.09/-0.09) 5 (5)

Symbol: NTP

Date Buy Sell Gain Days

8/18/2016 7.26 7.41 0.018 2

** ADR 0.0088 (0.00/0.02) 2 (0)

Symbol: NVCN

Date Buy Sell Gain Days

6/3/2016 0.48 0.45 -0.075 1

6/17/2016 0.76 0.65 -0.157 2

7/25/2016 0.61 0.53 -0.143 2

8/3/2016 0.77 0.75 -0.039 4

10/26/2016 0.62 1.02 0.637 3

12/2/2016 0.86 1.42 0.643 1

12/6/2016 2.42 1.96 -0.193 2

** ADR 0.0449 (-0.61/0.67) 15 (11)

Symbol: NVFY

Date Buy Sell Gain Days

7/25/2016 0.72 0.69 -0.054 2

9/2/2016 1.25 1.74 0.389 1

9/7/2016 1.72 1.71 -0.009 2

9/21/2016 2.19 1.99 -0.094 1

9/28/2016 2.37 3.63 0.529 2

10/3/2016 5.08 4.08 -0.200 2

11/28/2016 2.82 2.55 -0.099 2

** ADR 0.0386 (-0.46/0.46) 12 (9)

Symbol: NVIV

Date Buy Sell Gain Days

3/1/2016 5.69 7.54 0.322 3

3/7/2016 9.80 9.22 -0.062 2

8/18/2016 7.64 7.77 0.014 2

** ADR 0.0392 (-0.06/0.27) 7 (2)

Symbol: NWBO

Date Buy Sell Gain Days

9/12/2016 0.40 0.57 0.410 1

9/14/2016 0.52 0.70 0.332 4

11/16/2016 0.55 0.49 -0.121 2

12/14/2016 0.83 0.57 -0.324 3

** ADR 0.0296 (-0.45/0.30) 10 (5)

Symbol: NXPI

Date Buy Sell Gain Days

9/29/2016 96.12 103.23 0.071 3

** ADR 0.0237 (0.00/0.07) 3 (0)

Symbol: OAS

Date Buy Sell Gain Days

9/29/2016 11.19 11.59 0.033 2

11/30/2016 14.97 15.12 0.007 2

** ADR 0.0100 (0.00/0.04) 4 (0)

Symbol: OCLR

Date Buy Sell Gain Days

2/3/2016 4.15 4.30 0.033 2

** ADR 0.0167 (0.00/0.03) 2 (0)

Symbol: OCN

Date Buy Sell Gain Days

8/9/2016 2.66 3.05 0.144 3

** ADR 0.0479 (0.00/0.14) 3 (0)

Symbol: OCRX

Date Buy Sell Gain Days

7/7/2016 2.53 2.69 0.060 3

** ADR 0.0201 (0.00/0.06) 3 (0)

Symbol: OHRP

Date Buy Sell Gain Days

1/26/2016 4.22 3.86 -0.088 1

10/17/2016 3.30 3.55 0.073 5

** ADR -0.0025 (-0.09/-0.02) 6 (1)

Symbol: OKSB

Date Buy Sell Gain Days

12/15/2016 28.42 28.72 0.008 4

** ADR 0.0019 (0.00/0.01) 4 (0)

Symbol: OMER

Date Buy Sell Gain Days

3/8/2016 15.07 16.37 0.083 3

11/10/2016 11.88 13.75 0.155 3

** ADR 0.0397 (0.00/0.24) 6 (0)

Symbol: ONP

Date Buy Sell Gain Days

11/17/2016 1.44 1.40 -0.031 2

** ADR -0.0153 (-0.03/-0.03) 2 (2)

Symbol: ORMP

Date Buy Sell Gain Days

1/25/2016 7.29 6.79 -0.071 2

5/16/2016 9.57 8.31 -0.134 2

** ADR -0.0515 (-0.21/-0.21) 4 (4)

Symbol: OSTK

Date Buy Sell Gain Days

2/10/2016 13.05 14.01 0.071 5

** ADR 0.0142 (0.00/0.07) 5 (0)

Symbol: OTEL

Date Buy Sell Gain Days

11/7/2016 5.15 5.14 -0.005 1

11/15/2016 6.25 6.15 -0.019 1

** ADR -0.0118 (-0.02/-0.02) 2 (2)

Symbol: OTIV

Date Buy Sell Gain Days

2/22/2016 0.73 0.73 -0.013 5

3/9/2016 0.93 1.03 0.100 3

11/18/2016 1.23 1.25 0.013 5

12/23/2016 1.50 1.66 0.104 3

** ADR 0.0128 (-0.01/0.20) 16 (5)

Symbol: PACB

Date Buy Sell Gain Days

2/2/2016 12.67 9.63 -0.243 2

4/22/2016 10.72 10.37 -0.035 2

** ADR -0.0695 (-0.28/-0.28) 4 (4)

Symbol: PATK

Date Buy Sell Gain Days

2/18/2016 40.99 41.73 0.015 2

** ADR 0.0076 (0.00/0.02) 2 (0)

Symbol: PBR-A

Date Buy Sell Gain Days

3/3/2016 3.40 4.32 0.268 5