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WATCH LIST UPDATE 4-20-06

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THE LAST DAY of the CYCLE

EBAY faltered and took HHH with it.

However, Google's big afterhours move of over $25 could make our HHH play a little more interesting tomorrow than I would have liked it to be. We are stilling going to have to watch this play.

ANF and MRVL also remain in the mix as well, both will bear watching for any big gap up moves. Remember tomorrow is options expiration day and anything is liable to happen throughout the day

And then there is NFLX. If looked like it was trying to break back below $30 mid day, however it was able to holdoff the seeleers and closed slightly up at $31.11. So with only tomorrow to go we will be watching NFLX.

EXIT if the stock is above $30.05 near the close, exit your position by closing out the short side with a Market on CLOSE order so that you will not be exercised.

In addition if the stock is able to break back below $30 on the close you need do nothing.

However, I am expecting you may have to CLOSE out the short APRIL 30 POSITION

SO LOOK TO CLOSE POSITION WITH MARKET ON CLOSE at MARKET ON CLOSE MORE THAN $0.10 ABOVE $30.10

YOU should place the following contingency order.

IF NFLX is ABOVE $30.05

If NFLX closes over $30.05 - BUY NFLX APRIL 30 CALL @ MARKET ON CLOSE

- OR -

IF NFLX is BELOW $30.05

if NFLX Closes below $30 Cancel
MARKET ORDER OF NFLX APRIL 30 CALL AT CLOSE

This order will will vary and may have to be done manually with some broker dealers.

We will be adding more MAY POSITIONS this weekend

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