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TWO (2) POSITIONS BEING ADDED TO THE JANUARY RECOMMENDED LIST

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We are adding two (2) positions to our January Recommended list


We are recommending the addition of credit spreads on the following issues:


FRK - Florida Rock Industries, Inc.
along with its subsidiaries, produces construction materials in the United States.
It operates in three segments: Construction Aggregates, Concrete Products, and Cement
and Calcium Products. The Construction Aggregates segment's activities include mining,
processing, distributing, and selling sand, gravel, and crushed stone. The Concrete
Products segment produces and sells ready mix concrete, concrete block, and prestressed and precast concrete, as well as other building materials. The Cement and Calcium Products segment produces and sells portland and masonry cement; sells calcium products to the animal feed industries; and imports cement and slag. The company was founded in 1945 and is headquartered in Jacksonville, Florida.

EOG - EOG Resources, Inc.
operates as an independent oil and natural gas company in the United States.
The company, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, offshore Trinidad, and the United Kingdom North Sea. As of December 31, 2004, the company's total estimated net proven reserves were 5,647 billion cubic feet equivalent of which natural gas reserves were 5,047 billion cubic feet; and crude oil, condensate, and natural gas liquids reserves were 100 million barrels.

We are recommending the following specific two (2) spreads. One (1) call credit spread and one (1) put credit spread

Call Credit Spread

FRK $50.77

BUY FRK-AL FRK JAN $60.00 CALL DEBIT = $0.10
SELL FRK-AK FRK JAN $55.00 CALL CREDIT= $0.45
NET CREDIT = $0.35
INITIAL "NET- CREDIT TARGET= $0.35 or $35.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.35 = $350.00
MARGIN REQUIRE. (x 10 CONTRACTS $4,650.00
RETURN ON INVESTMENT= 7.53%
EXIT STRATEGY = NET DEBIT STOP = $1.40

Put Credit Spread


EOG $75.98

SELL EOG-MM EOG Jan $65.00 PUT CREDIT= $0.50
BUY EOG-ML EOG Jan $60.00 PUT DEBIT $0.20
NET CREDIT = $0.30
INITIAL "NET- CREDIT TARGET= $0.30 or $30.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.30 = $300.00
MARGIN REQUIRE. (x 10 CONTRACTS $4,700.00
RETURN ON INVESTMENT= 6.38%
EXIT STRATEGY = NET DEBIT STOP = $1.20


When these two positions are filled it will bring our total January recommended
positions to nine (9).


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