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AUGUST WATCH LIST 8-16-06

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DATE: August 16, 2006

WATCH LIST

THE MONTHLY CASH MACHINE

STOCK

PRICE

ON WATCH LIST IF:

WATCH LIST PRICE

KBH

43.86

BELOW>

41.50

LM

87.57

ABOVE >

102.00

IFIN

45.98

ABOVE>

43.50

ASEI

46.45

ABOVE >

53.00

SRZ

27.71

ABOVE >

28.00

GPRO

49.32

BELOW >

52.00

MON

46.64

ABOVE >

44.00

MON

46.64

BELOW >

41.00

^SOXX

443.6

ABOVE>

423.00

^SML

367.36

ABOVE>

370.00

ADBE

33.99

ABOVE>

28.50

ADOBE now $3.99 in the money for anyone still holding the position

WATCH LIST COMMENTARY:

IFIN ,MON, GPRO & ^SOXX all go into the money . Unless we get a profit taking session or some form of a correct. We might have to close all of these positions out for a loss. Bulls acted very strongly to the inflation numbers for another near 100 point up day. Murphy came at us hard today.

WATCH LIST : CHANGES

^SOXX - Big move by the semiconductor's today ( over $18 ) move and puts ^SOXX 9 points in the money, since we are almost $4.00 down we need to hold on and see if we can get a profit taking session to reduce our losses. 35 point move in two days. Murphy shows his evil head.

IFIN - jumps over $1.05 again goes almost 1 full point into the money to close at $45.98. All we can do is hope for a profit taking seesion to reduce our losses. The closer to $45 we can get the better.

GPRO - closes at 49.32 in goes deeper in the money and we might have to close this issue for a debit. if the stock can't get above $50 by Friday.

MON -even on credit rating change from positive to stable, MON goes up over a point and $1.trades up to go $1.54 into the money against our short position. We will have to just watch until Friday and hope for pull back. If we close early we will get hit with almost $.40 in premium..

CURRENT ISSUES ON THE WATCH LIST and ISSUES TO WATCH 8-16-06

ALL of the issues below will probably have to be closed out for a NET DEBIT LOSS, unless we get a bout of profit taking over the next 2 days.

GPRO

MON

^SOXX

IFIN

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