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Additional August 2007 recommendations 7-22-07

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We are adding the following put writes to our AUGUST recommended list


We are recommending put writes in the following issues:


AVCI - Avici Systems develops and sells high-speed data networking equipment that enables communications service providers to transmit high volumes of information across their fiber optic networks. The company's high-performance solution is being marketed to telecommunications companies and Internet service providers that are creating next-generation optical networks to address the increasing data traffic across the Internet.

IIIN - Insteel Industries is one of the nation's largest manufacturers of steel wire reinforcing products for concrete construction applications. The Company manufactures and markets prestressed concrete strand and welded wire reinforcement, including concrete pipe reinforcement, engineered structural mesh and standard welded wire reinforcement. Insteel's products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Headquartered in Mount Airy, North Carolina, Insteel operates six manufacturing facilities located in the United States.


We are recommending the following specific put writes:

AVCI 11.43
SELL AUG 10 PUT = UQE-TB
Target Price $35.00
Potential Profit(10 x = $350.00

Initial Margin $2,636 10 (contracts)
Return on Investment 13.28%
Cost Basis in Stock = $9.65
Days to Expiration = 28
Stock goes on Watch List Price at: $10.75
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $10.00

IIIN $21.71
SELL AUG 20.00 PUT =
IQF-TD
Target Price $25.00
Potential Profit(10 x = $250.00
Initial Margin $4,592 10 (contracts)
Return on Investment 5.44%
Cost Basis in Stock = $19.75
Days to Expiration = 28
Stock goes on Watch List Price at: $21.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $20.00

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