WATCH LIST COMMENTARY:
ADDS and DROPS to WATCH LIST:
IR sneaks its way unto the WATCH LIST with close at $38.60, slightly above the $38.50 WATCH LIST price.
SBUX - closes at $31.76 and goes on our WATCH LIST with close above $31.50
RYL - drops to $42.38 and goes off the WATCH LIST with close below $42.50. $43.50.
WATCH LIST - UPDATES
^SOXX a funny thing happen on the way to the Dow up day of 87. The ^SOXX took the day off and was down around $4.50 to close at 444.52, still deep on our WATCH LIST , but now only $4.52 in the money; We are still have to keep our attention on this position and may still look to act as we head into next week after the Labor day holiday. WE CONTINUE TO WATCH THIS ONE CLOSELY; There is still hope with this position, especially with the DOW, S&P and NASDAQ all moving higher. This index looks like it is hopefully attempting to do a 50% retracing of its recent highs around the $455 price area. We will soon find out.
LCAV - continues on the WATCH LIST, but does close down $0.13 at $43.90 .
NOTICE:. WBMD went right thru the WATCH LIST price and temporarily over the $40 price ( no news), but later settled back under the WATCH LIST price of $38.50 at $38.21 ( up well over $1.00). Buying was probably just overdone. Might be worth just taking a peek at next week.
CURRENT ISSUES ON THE WATCH LIST - 9-02-06
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.