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POTOMAC CAPITAL MANAGEMENT LLC
> ALLOY INC
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2008 | ALLOY INC | | 0 | -176,964 | 0 | -2,090,000 | |
| 09/30/2006 | ALLOY INC | | 176,964 | 23,620 | 2,090,000 | 481,000 | $11.81 |
| 06/30/2006 | ALLOY INC | | 153,344 | 0 | 1,609,000 | -447,000 | $10.49 |
| 03/31/2006 | ALLOY INC | | 153,344 | -460,038 | 2,056,000 | 283,000 | $13.41 |
| 12/31/2005 | ALLOY INC | | 613,382 | 65,800 | 1,773,000 | -877,000 | $2.89 |
| 09/30/2005 | ALLOY INC | | 547,582 | 0 | 2,650,000 | -165,000 | $4.84 |
| 06/30/2005 | ALLOY INC | | 547,582 | 195,848 | 2,815,000 | 747,000 | $5.14 |
| 03/31/2005 | ALLOY INC | | 351,734 | 17,500 | 2,068,000 | -629,000 | $5.88 |
| 12/31/2004 | ALLOY INC | | 334,234 | -7,725 | 2,697,000 | 1,138,000 | $8.07 |
| 03/31/2004 | ALLOY INC | | 341,959 | 0 | 1,559,000 | -223,000 | $4.56 |
| 12/31/2003 | ALLOY INC | | 341,959 | 341,959 | 1,782,000 | 1,782,000 | $5.21 |
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