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INITIAL JULY RECOMMENDATION - 6-10-06

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We are starting off the JULY RECOMMENDED LIST with the following four (4) recommendations.


We are recommending the put writes on the underlying issues


LYV - LIVE NATION - is one of the world's largest diversified promoters and producers of, venue operators and sponsorship/advertising for, live entertainment events including music concerts, theatrical performances, and specialized motor sports events

ASPV - Aspreva Pharmaceuticals Corporation engages in the identification, development, and commercialization of new indications for approved drugs and late stage drug candidates for patients living with less common diseases. It is conducting clinical development programs to evaluate CellCept in the treatment of autoimmune diseases, such as lupus nephritis, myasthenia gravis, and pemphigus vulgaris; as well as in the treatment of cardiovascular disease.

IDCC - InterDigital Communications Corporation engages in the design, development, and licensing of digital wireless technologies to semiconductor companies, handset manufacturers, and other equipment producers. Its solutions primarily include time division multiple access and code division multiple access technologies, as well as multiple generational standards and wireless standards.

PWEI - PW Eagle, Inc. engages in the manufacture and distribution of polyvinyl chloride (PVC) pipe and fittings in the United States. Its pressure and nonpressure PVC products consist of PVC pipe for applications in the building, municipal water distribution, municipal sewage collection, turf and agriculture irrigation, fiber optic, power distribution, and telecommunications industries


We are recommending the following four (4) specific put writes

LYV 23.75
SELL LYV JUL SYM: LYV-SX
Target Price $60.00 22.5 Put
Potential Profit(10 x = $600.00

Initial Margin $5,350 10 (contracts)
Return on Investment 11.21%
Cost Basis in Stock = $21.90
Days to Expiration = 43
Stock goes on Watch List Price at: $23.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50

ASPV $31.94
SELL ASPV JUL SYM: QOS-SX
Target Price $30.00 22.5 Put
Potential Profit(10 x = $300.00

Initial Margin $6,688 10 (contracts)
Return on Investment 4.49%
Cost Basis in Stock = $22.20
Days to Expiration = 43
Stock goes on Watch List Price at: $26.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50

IDCC $31.83
SELL IDCC JUL SYM: DAQ-SE
Target Price $30.00 25 Put
Potential Profit(10 x = $300.00
Initial Margin $6,666 10 (contracts)
Return on Investment 4.50%
Cost Basis in Stock = $24.70
Days to Expiration = 43
Stock goes on Watch List Price at: $28.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $25.00


PWEI $28.60
SELL PWEI JUL SYM: UUL-SE
Target Price $90.00 25 Put
Potential Profit(10 x = $900.00
Initial Margin $6,620 10 (contracts)
Return on Investment 13.60%
Cost Basis in Stock = $24.10
Days to Expiration = 43
Stock goes on Watch List Price at: $27.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $25.00

When these positions are filled this will be the first four(4) recommendations
for the JULY RECOMMENDED LIST.

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