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WATCH LIST UPDATE 2-11-06

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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

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.

XLE

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


CHK
XLE


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.

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