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WATCH LIST 4-5-06

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APRIL WATCH LIST UPDATE for 4-5-06

NO CHANGE ON WATCH LIST - SBAC and ELN still on LIST

WATCH LIST ACTION

ELN (remainson Watch List) down $0.01 @ 14.432 slightly below WATCH LIST target price of $14.50,

SBAC - (remains on WATCH LIST) ( closed @ $22.79 down - $0.39 cents and remains below our WATCH LIST Price of $23.50. we are placing SBAC under very close scrutiny as it approaches our short strike price.

APRIL WATCH LIST - CURRENT as of 4-5-06

ELN -
SBAC

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