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LM update - Some upside relief from the secondary pressure

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LM ( still on WATCH LIST) however, positive price movement seems to be finally getting the best of the pressure from Citigroup 9.2 million share secondary.

It looks as if we finally are getting the support that we expected around the $125 offering price ( currently trading at $126.12.). we are keeping our eye on LM with just a shade over 25 trading hours left to expiration. It was nice to see the $124.50 - $125 area hold after the $125 offering price was announced. Let's see if we can hold it for the next three trading days.

MARCH EXPIRATION WATCH LIST 3-14-06

LM -
Looking a little better today, but remains on the watch list


MARCH OPEN ORDERS 3-14-06

NONE


NOTE: MORE APRIL POSITIONS WILL BE ISSUED AFTER EXPIRATION, however if we feel any additional APRIL RECOMMENDATIONS are viable this week before expiration, we will certainly blog them to you.

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