Monthly Cash Machine Newsletter, Saturday, 02/11/2006 12:13:50 PM ET
WATCH LIST UPDATE 2-11-06
by Steve Gail
HAVING TROUBLE PRINTING?
CURRENT ISSUES ON WATCH LIST as of FEBRUARY 11, 2006
WATCH LIST - UPDATE
QCOM - (REMOVED FROM WATCH LIST) as stock closes above our WATCH LIST TARGET of $46.50
STOCKS ON CURRENT WATCH LIST
CHK's drop under the $30 from pressure on lower energy prices, forces us to monitor this issue EXTREMELY CLOSE We will looking for support at the $29.25 level heading into this last week of February options. We will look to exit position if issue can not hold $29.25 price level. WE WILL BE WATCHING CAREFULLY.
Once again the Energy index continues to be under the same pressure as the individual energy related issues. With XLE's drop under $53 it has been placed on our WATCH LIST. We will be looking for some support in the energy sector and an attempt to build a base at around the $52 - $52.25 area.
CURRENT WATCH LIST as of FEBRUARY 11, 2006
We will keep you advised on any action that may be needed regarding these issues
We will begin making our RECOMMENDATIONS for MARCH this weekend with next blog.