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WATCH LIST - UPDATE 8-11-06

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OPTION WRITER
WATCH LIST
8-11-06

STOCK

PRICE

ON WATCH LIST IF:

WATCH LIST PRICE

SID

30.68

below >>

28.00

BRLI

21.56

below >>

21.50

AMAG

31.27

below >>

31.50

GM

30.11

below >>

31.50

CAL

22.16

below >>

25.00

AMR

18.83

below >>

22.00

BOOM

30.90

below >>

31.50

TEN

22.44

below >>

23.00

WATCH LIST COMMENTARY:

WATCH LIST: TEN, AMR and CAL all drop below the STRIKE PRICE

BRLI comes off of WATCH LIST ($21.50) with close at $21.56

BOOM - drops again below our WATCH LIST price of $31.50 with close at $30.90

AMAG - drops slightly more below the WATCH LIST price of $31.50 with close at $31.27

CAL - Again, oil prices and after thoughts of terrorist foiled attack not only keeps CAL under our WATCH LIST, but drops CAL under the STRIKE PRICE. Let's hope for a little bounce next week.

AMR - closes at $18.83, this one got hit pretty good. I thought we would made a better stand at $19

of course the stock still is on the WATCH LIST, but seems to face a big test next week

to get above $19, yet alone $20 come next Friday. Keeping out fingers crossed.

TEN - continues the downside parade, another down day closing at $22.44 not only remaining on our WATCH LIST, but dropping under our the strike price of $22.50. Another to watch on Monday.

GM- conitnues its descent to $30.61 which is below $31.50 WATCH LIST Price

and remains on the list

CURRENT ISSUES on WATCH LIST: 8-11-06

GM

AMR

TEN

CAL

BOOM

AMAG

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