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WATCH LIST UPDATE - 3-6-06

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WATCH LIST UPDATE 3-6-06


MNTA -
(added to WATCH LIST )closed slightly below the WATCH LIST price of $24 ( closed @ $23.90.) We will again add MNTA to our WATCH list until it closes above $24 or until some further action that may be warranted if the stock continues on the down side.

TOMO - (remains on WATCH LIST) still under $21.50 places ( close @ 20.88)
NO Change... TOMO remains on our WATCH LIST. We will monitor its performance and will let you know of any action that needs to be taken.

Once again a rehash of what we blogged to you late last week , TOMO will be annoucing earnings on the last date of expiration. Even if the stock acts favorably during the next week or so and closes up from here, we will be closing out the TOMO position on the Thursday below expiration , if we do not have to act any sooner.

Bottom line: Even if TOMO is strong going into the last day of expiration, we will be CLOSING the position and not taking any chances in holding any issues over earnings, even if only (1) day is left. - The only exception is if the stock is strongly, very strongly up from here.

CURRENT WATCH LIST - as of 3-6-06

TOMO
MNTA

CURRENT OPEN ORDERS - as of 3-6-06

NONE


PLEASE DO NOT FORGET, INITIAL APRIL PUT WRITE POSITIONS WILL BE COMING OUT EITHER THIS WEEKEND OR ON MONDAY OF NEXT WEEK

There is a small chance that we will also be issuing some supplemental trades this week, for the closing week(s) of MARCH. We might even look at some potential plays that could be on our RECOMMENDED LIST, but only if we really see some time value worth the risk. There is no reason to add additional positions just to be adding positions.

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