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WATCH LIST UPDATE - APRIL POSITIONS CORRECTED UPDATE

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CORRECTION ON PRIOR WATCH LIST REPORT - PRIOR report was reported before NEM STOP OUT was reported

CORRECTED WATCH LIST REPORT BELOW:

HUGE MOVE BY GOLD pushes NEWMONT POSITION TO CRITICAL POINT
All subcribers who had their STOP in position should have been stopped out at $1.65.
NEM-DK STOPPED OUT $1.65 and in addition the NEM-DA long position then should have been closed at market (closed at $0.50)
NET DEBIT FOR THE POSITION $1.15

NETFLIX remain on WATCH LIST


NEM - STOPPED OUT.

ORIGINAL POSITION NEM $49.86

BUY NEM-DA NEM APR $57.50 CALL DEBIT = $0.30
SELL NEM-DK NEM APR $55.00 CALL CREDIT= $0.55
NET CREDIT = $0.25
INITIAL "NET- CREDIT TARGET= $0.25 or $25.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.25 = $250.00
MARGIN REQUIRE. (x 10 CONTRACTS $2,250.00
RETURN ON INVESTMENT= 11.11%

EXIT STRATEGY =1. WATCH LIST 2. MAXIMUM LOSS SPREAD= STRIKE PRICE DIFFERENCE
1. STOCK WILL BE PLACED ON WATCH LIST IF STOCK PRICE RISES TO: $52.43

2. A STOP LIMIT will be placed on the SHORT STRIKE PRICE:
NEM-DK STOP LIMIT EXIT >> = $1.65
If and when the STOP LIMIT IS EXECUTED - A contingency order should be in place to than SELL the LONG SIDE
of the Spread and close the position with a Market Order if and when the SHORT side needs to be STOPPED OUT


NFLX (remains on WATCH LIST) as it still stays above our (WATCH LIST target of $27.75 with its close and holding above the $29 mark at $29.20 + up $0.01. Once again NFLX's close above $29 forces us to keep a strong eye on this issue for the next few trading days.

CURRENT WATCH LIST as of 4-17-06

NFLX

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