Wrote Cypress Semiconductor Corporation April 27 Covered Calls.

We wrote April 27 covered calls on our Cypress Semiconductor Corporation (CY) shares at $1.10. The options are set to expire in 10 trading days and if the shares are exercised, we will realize a return of about 13% in less than three weeks.

Below is our updated portfolio:

Stock	Buy Date	Buy Price	Current Price	Current % Of Portfolio	Unrealized % Return	Current Yield
Altria (MO)	Various	16.69	21.71	3.98	30.11	5.1
Philip Morris International (MO)	1/4/2005	32.19	51.37	5.54	59.57	3.90
Kraft Foods (KFT)	Various	24.03	31.54	3.86	31.23	3.30
Plum Creek Timber (PCL)	5/12/2005	35.5	41.13	7.55	15.85	3.60
Pfizer (PFE)	Various	24.37	21.35	6.53	(12.38)	6.2
ICICI Bank (IBN)	5/18/2006	27.57	38.93	7.14	41.19	0.80
Taiwan Semi (TSM)	7/27/2006	8.71	10.47	6.41	20.39	3.60
Advantage Energy Fund (AAV)	11/2/2006	11.22	11.30	4.49	0.67	16.80
SunTech Power (STP) Call Value	3/14/2007	36.73	45	5.51	22.53	None
Central Europe & Russia Fund (CEE)	Various	51.03	48.19	5.90	(5.57)	17.90
Patni Computers (PTI)	8/10/2007	20.85	12.28	3.76	(41.15)	0.80
Itron Inc. (ITRI)	11/07/2007	85.01	98.04	6.00	15.19	None
Anthracite (AHR)	11/09/2007	7.97	7.10	4.34	(10.91)	15.60
ClickSoftware (CKSW)	11/09/2007	4.61	2.87	1.76	(37.74)	None
Harvest Energy (HTE)	11/28/2007	21.01	23.21	5.68	10.45	16.30
iRobot (IRBT)	12/18/2007	18.65	18.22	3.62	(2.31)	None
MCG Capital (MCGC)	Various	10.86	8.16	3.99	(24.88)	15.00
LDK Solar (LDK)	01/22/2008	30.49	36.40	6.68	19.37	None
Cypress Semiconductor Corporation (CY)	04/02/2008	24.89	26.68	5.75	7.17	None
Cash				13.52
Total Portfolio					5.68

• For SunTech Power (STP), we wrote a covered call option for 2008 June 45 on 4/1/2008 at $4.30.
• For Taiwan Semiconductor (TSM), we wrote a covered call option for 2008 April 12.5 at $0.35 on 10/18/2007.
• For Altria and Philip Morris International, assumed spin-off ratio of 30.83:69.17. Altria to yet to supply the cost-basis info
• For Cypress Semiconductor Corporation, we wrote a covered call option for 2008 April 27 on 4/4/2008