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WATCH LIST - JUNE UPDATE 5-25-06

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WATCH LIST - JUNE

A brief explanation of the WATCH LIST:

The Watch List is just an indication as to how close the stock is moving toward or away from the option short strike price. When the stock drops lower that the WATCH LIST price, It will be notated in YELLOW. If the stock moves more than 2 strike prices away from the short strike price, it will may be notated with a GREEN color. If there is no color it means the stock is performing in an acceptable range. In some cases a stock on the WATCH LIST will be color coded in RED. This means that the potential is very high that the option position may have to be closed out for a loss. A RED color indicates a VERY CLOSE MONITORING OF THE option position with a high likely hood that the position will be acted on unless the trend of the stock changes or stabilizes


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