MNTA - (remains on the WATCH LIST )closed again slightly below the WATCH LIST price of $24 ( closed @ $23.62.) MNTA will remain on 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 the WATCH LIST) still under $21.50 places ( close @ 20.33)
TOMO slowly is approaching the short option strike price... TOMO remains on our WATCH LIST and will be monitored very closely and we will let you know of any action that needs to be taken.
Once again jst a continual reminder 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 3-7-06
CURRENT OPEN ORDERS - as of 3-7-06