Investment Enhancing Systems, Inc. – Covered Call Analyzer

$10,000 Monitored Aggressive Portfolio Trades for March 2007

NOTE: The markets took a big one day hit on February 27, 2007 and became very volatile in the weeks following. We did not panic sell at that time. Instead we held all stocks, even though some got close to or went below our get-out price of -15%. We continued to hold out stocks through expiration in March (the 17th) in anticipation (and hope) of some rebound.

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	Call Premium	Cost	Balance
From February:			$887
From Aggressive "Stocks-to-Consider" for January 21, 2007 and putting $2,000 in the money available field	Income*	Cost*	Balance
100 shares of PPCO purchased in January at $15.30 and sell 1 contracts of OGQ BW (Feb$17.50 ) at $0.80 expiring on 2/17/2007. Exercised get-out price at $13.01 (-15%) on March 1 after buying back calls at $0.05. Proceeds $1,300 after commission.	($17)		$2,170
100 shares of CVTX purchased in January at $14.45 and sell 1 contracts of UXC BC (Feb$15.00 ) at $0.95 expiring on 2/17/2007. Got to within $0.06 of the get-out price and then started back up. Not called in February. Price at $12.55 and value at $1,255. Sold Mar15 at $0.40. Exercised get-out price at $12.28 (-15%) on March 5 after buying back calls at $0.05. Proceeds $1,218 after commission.	($17)		$3,371
100 shares of ECLP purchased in January at $19.67 and sell 1 contracts of IQV BD (Feb$20.00 ) at $0.70 expiring on 2/17/2007. Not called in March. Price at $18.86 and value at $1,886 at 3/17/2007. Will now sell Apr20 at $0.40.	+$29	Still own shares	$3,400
From Aggressive "Stocks-to-Consider" for February 17, 2007 and putting $2,000 in the money available field
100 shares of AGIX purchased in February at $11.83 and sell 1 contracts of AUB CV (Mar$12.50 ) at $2.25 expiring on 3/17/2007. Stock tanked on March 9. We are holding the stock for five trading days (through March expiration) anticipating a bounce and would normally sell the stock on Monday. However, this is a highly risky drug stock and the April calls are selling at a very high premium that we cannot pass up. Price at $7.83 and value at $783 at 3/17/2007. Will now sell April 10 at Apr12.5 at $3.10.	+$298	Still own shares	$3,698
100 shares of IIG purchased in February at $19.90 and sell 1 contracts of IIG CX (Mar$22.50 ) at $0.95 expiring on 3/17/2007. Did not reach get-out price during volatility period. Not called in March. Price at $20.25 and value at $2,025 at 3/17/2007. Will now sell Apr22.5 at $0.80.	+$68	Still own shares	$3,766
100 shares of PDLI purchased in February at $19.16 and sell 1 contracts of PQI CD (Mar$20.00 ) at $0.75 expiring on 3/17/2007. Did not reach get-out price during volatility period. Not called in March. Price at $18.72 and value at $1,872 at 3/17/2007. Will now sell Apr20 at $0.60.	+$48	Still own shares	$3,814
From Aggressive "Stocks-to-Consider" for March 17, 2007 and putting $2,000 in the money available field
Buy 100 shares of DPTR at $18.89 (closing last trade price) and sell 1 contracts of QHR DD (Apr$20.00 ) at $0.60 (closing bid price) expiring on 4/21/2007 .	+$49	$1,909	$1,954
Buy 100 shares of GFI at $17.11 (closing last trade price) and sell 1 contracts of GFI DW (Apr$17.50 ) at $0.60 (closing bid price) expiring on 4/21/2007 .	+$49	$1,731	$272
Totals for March:	+$507	$3,640	$272
Portfolio value at March 17, 2007 is $10,438.

*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 20, 2007 (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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