WATCH LIST COMMENTARY:
ADDS and DROPS to WATCH LIST:
WBMD goes on the WATCH list with close above $38.50 at $39.12
IR sneaks pass the $39 price with close at $39.02 and remains on the WATCH LIST slightly above the $38.50 WATCH LIST price.
SBUX - closes at $31.99 up slightly and stays on the WATCH LIST with close above $31.50
WATCH LIST - UPDATES
^SOXX - techs run and so does the SOXX, closing up over $7.00 at $451.96 We really will 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, if the resisitance can hold. This index still could retrace 50% of its recent highs near the $455 price area. We need a pullback but may have to roll out to OCTOBER if we do not get one. Only issue that is REALLY on ALERT at this time
LCAV - continues on the WATCH LIST, but does close down to $43.65, barely on the WATCH list.
CURRENT ISSUES ON THE WATCH LIST - 9-05-06
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.