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WATCH LIST MCM - 8-8-08

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AUG WATCH LIST - MONTHLY CASH MACHINE
8/8/2006 Stock goes on
WATCH LIST
KBH 44.45 below > 41.50
^SOXX 405.72 below > 423.00
^SML 357.67 below > 370.00
LM 84.85 below > 102.00
IFIN 44.58 below > 43.50
ASEI 45.80 below > 53.00
ASEI 45.80 above> 48.00 @ASEI closes down $0.75 in after hours, we might get stopped out tommorrow
SRZ 27.95 above> 28.00 on the PUT side if things don't improve
BSC 142.45 below > 143.00
GPRO 51.74 below > 52.00
CAT 71.60 below > 72.00
MON 45.06 above> 44.00
MON 45.06 below > 41.00
SPECIAL WATCH FOR ADBE SPREAD HOLDERS
ADBE 31.95 above> 28.50 The intrinsic value of the Aug 30 is $1.95 the rest is time value re: ADBE
is time. For those still holding this position, you can look for further premium decay
or you may roll out the entire position to a SEPT $35/40 call spread and hopefully
minimize the loss on paper and maybe get the rolled posisiton to expire in SEPT
Or hold the position and hope for an expiration less than $32.50 by next Friday
Nothing has changed since yesterday. Same choices are available
WATCH LIST: BSC GPRO CAT all go on the WATCH LIST
GRPO drops slight dow to $51.74 which is below our WATCH LIST target of $52
BSC - hits the skids and drops over a point to close at $142.50 and under $143 to go
on the WATCH LIST
ASEI - under extreme downward pressure, we might be looking at a STOP OUT
tomorrow, (in afterhours trading ASEA down an additional $0.75
CAT - The Fed non event annoucement, seemed to open the doors for a sell off
CAT was no expection, closing below our WATCH LIST price of $72, at $71.60
MON - finally gives up some ground after setting $52 week highs in previous sessions
This one will go down to the wire, still on the WATCH LIST , but only $0.06
in the money against us. What a difference a day makes.
IFIN - finally gets some downward pressure after restatement of earnings, currently is on WATCH LIST, but out of the money
SRZ - closes up , but still below $28.00 at $27.47 and stays off of the WATCH LIST.
THE WATCH LIST CONTAINS THE FOLLOWING ISSUES AS OF - August 8, 2006
IFIN
ASEI
MON
BSC
GPRO
CAT

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