WATCH LIST COMMENTARY: RYL drops off the WATCH list with close below $42.50 @ $42.31
^SOXX runs up another $8.00 and is now $13.00 into the money. We will probably look at doubling up this position and moving it to the put side and reduce our loss. We just can't afford a big sell off in the next two weeks that might come after us on the short side if we roll and double down
LCAV - closes up to $43.99 slightly below the $44.00 price and will remain on the WATCH list until it can close below $43.50
WATCH LIST: ADDS, DELETES and CHANGES
RYL comes off the WATCH LIST, ^SOXX forces us to take action and LCAV creeps up slowly into the WATCH LIST ZONE
CURRENT ISSUES ON THE WATCH LIST - 8-30-06
Explanation of the Watch List:
The "WATCH LIST" is nothing more than a quick way
to see where the current stock price is in relationship to the short side of our trade.
It simply works like this:
It is nothing more than a gauge to measure, quickly where we are and which position we might have to WATCH and maybe even potentially acted upon.