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WATCH LIST UPDATE

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WATCH LIST (HSGI and OS )

Our watch list is made up of recommended option put writes that
have moved into a position where they are examined to see if they are
still playable. In some cases these issues may have
to be liquidated for a loss. We are informing you of these issues
that are currently under monitoring at this time and have been placed
on our watch list

HGSI

HGSI - Dropped below $9 on Friday. We will be looking to exit
if stock can not support the $8.50 area or closes below $8.50

OS

OS - moved back above the strike price on Friday, but still remains
on the watch list. We are looking to build support in the $10 area.

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