DATE: August 16, 2006
THE MONTHLY CASH MACHINE
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.