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WATCH LIST - UPDATE 3-31-06

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APRIL WATCH LIST ACTION- UPDATE 3-31-06

ANF - (added to WATCH LIST) -
retailer continues to rally and has closed
above our WATCH LIST target of $57.98 ) ( closed @ $58.30)

AMZN NEM and HHH removed from our WATCH LIST

AMZN
(removed from list) (closing at $36.53 down -$0.14 closed slightly above our WATCH LIST Price of $36.49 and thus will be added to our WATCH LIST until it closes under $36.49 or some further action is needed. We will be watching this issue at this current level

NEM (removed from list) closing price $51.89 down -$1.04, which drops NEM off of our WATCH LIST price of $52.42. Tame inflation numbers cooled off the surging gold and precious metal prices and helped push down NEM below our WATCH LIST target of $52.42. NEM has been taken off of our WATCH LIST at this time, however if the metals should rally again NEM could be placed back on our WATCH LIST at that time.

HHH (removed from list) with close at $58.16 down -$0.37 which is now below WATCH LIST Price of $58.31. Thus we will be removing HHH from the WATCH LIST for now. However if the issue again closes above $58.31 we will again place it back on our WATCH LIST for monitoring accordingly.

NFLX - (remains on Watch List) closed at $28.99 up +$0.35 and of course is still above our WATCH LIST PRICE of $27.78. So it will remain on our WATCH LIST.Once again the $29 resistance held. We will continue to monitor it and it will remain on our Watch list until it closes below $27.78 or some action is needed with the stock position.

ISSUES REMOVED

HHH, AMZN, NEM all removed from WATCH LIST



CURRENT APRIL WATCH LIST - as of 3-31-06

ANF - (added to WATCH LIST 3-31-06)
NFLX - (remains on WATCH LIST)

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