Investment Enhancing Systems, Inc. – Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for March 2005

	Call Premium	Cost	Balance
Initial Cash:			$10,000
From Aggressive "Stocks-to-Consider" for March 16, 2005	Income*	Cost*	Balance
Buy 100 shares of KOSP at $31.50. Sell 1 Aprr35 at $1.45.	$134	$3,160	$6,974
Buy 100 shares of XMSR at $29.37. Sell 1 Apr30 at $1.15.	$104	$2,947	$4,131
Buy 100 shares of SLAB at $29.36. Sell 1 Apr30 at $1.10.	$99	$2,946	$1,284
Totals for March:	$337		$1,284
Portfolio value at March 21, 2005 after selling the calls is $10,337. We will review results on the weekend of April 16, 2005 (expiration weekend) and make additional trades as dictated by the Covered Call Analyzer.

*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 March 16, 2005 (expiration weekend), Investment Enhancing Systems, Inc. initiated this $10,000 aggressive portfolio using the 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 $5,000 (the default value) 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 below lists details of stocks bought and calls sold, and when we held the stock or exercised our get-out price (-15%). 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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