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CHK spread to be CLOSED on OPENING 2-14-06

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CHK SPREAD TO BE CLOSED ON TUESDAY'S OPENING

CHK spread is being CLOSED OUT tomorrow on the opening for a DEBIT of $1.30 or a NET LOSS of $1.15 CHK's failure to support the $29.25 and ultimate break below the $29.00 price mainly,due to lower oil and energy prices forces us to liquidate this position.

CURRENT ISSUES ON WATCH LIST as of FEBRUARY 13, 2006

WATCH LIST - UPDATE FEBRUARY 13, 2006

QCOM - (Back on WATCH LIST) as weakness in Tech sector causes QCOM to close under our TARGET WATCH LIST price


XLE - Energy issues remain under pressure as XLE index closes once again on the down side at
$53.33 (-$0.21)


AMD - $38.96 close - puts us under WATCH LIST TARGET PRICE of $39.50. Once again weak performance in the tech sector with no major news events ( after-hours shows small uptick of $0.14 to $39.10 - we will see if the after hours positive price holds tomorrow.

CURRENT WATCH LIST as of FEBRUARY 13, 2006


QCOM ( added)
XLE - remains on
AMD (added)


Will keep you informed of any new developments.


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