Investment Enhancing Systems, Inc. – Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for February 2008

This is a rolling portfolio and we will look at open positions and make new trades using monies from called positions each month on expiration weekend.

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	Call Premium	Cost	Balance
Balance from January:			$987
From Aggressive "Stocks-to-Consider" for January 19, 2008 and putting $2,000 in the money available field
100 shares of PGNX purchased in January at $16.68 and sell 1 contracts of GUB BW (Feb$17.50 ) at $2.30 expiring on 2/16/2008. Not called on February 16, 2008 (expiration weekend), price at $16.14, and value including call premium is $1,971, up +17.5%. Will now sell Mar17.5 at $1.50 expiring on March 22, 2008.	$139	still own shares	$1,126
100 shares of RVBD purchased in January at $19.10 and sell 1 contracts of UEX BX (Feb$22.50 ) at $1.10 expiring on 2/16/2008. Not called on February 16, 2008 (expiration weekend), price at $22.39, and value including call premium is $2,481, up +29.2%. Will now sell Mar22.5 at $1.55 expiring on March 22, 2008.	$144	still own shares	$1,270
100 shares of CSIQ purchased in January at $18.59 and sell 1 contracts of GQA BX (Feb$22.50 ) at $1.05 expiring on 2/16/2008. Called on February 16, 2008 at $22.50. Proceeds $2,240 after commission			$3,510
100 shares of MTG purchased in January at $16.05 and sell 1 contracts of MTG BD (Feb$17.50 ) at $1.05 expiring on 2/16/2008. Exercised get-out price at $13.64 on February 13 after buying back calls at $0.05. Proceeds $1,356 after commission	($17)		$4,849
100 shares of DAL purchased in January at $14.85 and sell 1 contracts of DAL BW (Feb$17.50 ) at $0.65 expiring on 2/16/2008. Not called on February 16, 2008 expiration weekend), price at $17.32, and value including call premium is $1,924, up +28.7%. Will now sell Mar17.5 at $1.50 expiring on March 22, 2008.	$139	still own shares	$4,989
100 shares of ACF purchased in January at $10.28 and sell 1 contracts of ACF BV (Feb$12.50 ) at $0.55 expiring on 2/16/2008. Called on February 16, 2008 at $12.50. Proceeds $1,240 after commission			$6,228
From Aggressive "Stocks-to-Consider" for February 16, 2008 and putting $2,000 in the money available field
Buy 100 shares of SOLF at $17.02 (closing last trade price) and sell 1 contracts of QFG CD (Mar$20.00 ) at $1.15 (closing bid price) expiring on 3/22/2008 .	+$104	$1,712	$4,620
Buy 100 shares of LEN at $18.59 (closing last trade price) and sell 1 contracts of LEN CD (Mar$20.00 ) at $1.05 (closing bid price) expiring on 3/22/2008 .	+$94	$1,869	$2,845
Buy 100 shares of RMBS at $18.28 (closing last trade price) and sell 1 contracts of BNQ CD (Mar$20.00 ) at $0.95 (closing bid price) expiring on 3/22/2008 .	+$84	$1,838	$1,091
Totals for February:	+$687	$5,419	$1,091
Portfolio value at February 16, 2008 is $13,137*, up 31.4%.

*After the effect of all commissions.

The stocks listed above are for illustrative and educational purposes only and should not be construed as an endorsement, recommendation, or solicitation to buy or sell any particular security.

On January 19, 2008 (expiration weekend), Investment Enhancing Systems, Inc. initiated a new $10,000 aggressive portfolio for 2007, This portfolio uses stocks identified in our Aggressive "Stocks-to-Consider" list by selecting buy/writes from the "Stocks with high or negative PE ratios" list. We have set the money available to $2,000 and have reduced the commissions for purchasing the stock to $9.95 and selling the calls to $9.95 plus $1.50 per contract in our parameters page. Several low cost, on-line brokers offer these low commissions. Since it is an aggressive portfolio, we keep the premium income and stock price appreciation to the strike price in the portfolio. We update the portfolio each month on expiration weekend. Our objective is to maintain and grow the portfolio. The table above lists details of stocks bought and calls sold, and when we held the stock or exercised our get-out price. Note: In all of our lists and portfolios, we have established a get-out price which we exercise when the stock price drops 15%. If this happens during the month, we will get-out and report the sale of the stock and the buy-back of the calls at the next expiration weekend postings. We anticipate good months and poor months, with a general gain at year end. Patience usually wins. Because this portfolio is limited in diversity, it will be much more difficult to realize the types of gains in our larger portfolios.

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