Read. Research. Be Patient.

• Sandisk (SNDK 16.92): Even if Samsung doesn't follow through Sandisk would probably remain in play. It's a good company with great products so the risk is minimal at these levels. Certainly one to watch. SanDisk's iPod Challenge.
• Covance (CVD 74.85) was favorably mentioned on Fast Money tonight.

I won't be doing much of anything until this market trades in range. It's also probable that we retest the lows.

Based on this list of Hedge Fund Category Indexes in Morningstar I'd say our relative performance isn't shabby.