Investment Enhancing Systems, Inc. – Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for January 2008

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

NOTE to Subscribers: Because of the anticipated volatility in the markets the week after expiration (January 19) we will not execute the buy/writes identified by the Analyzer this weekend. Instead, we will maintain the identified buy/writes and execute them when things settle down. We decided things had settled down enough by mid week and used the pricing after the close on Tuesday, the 22nd, and prepared our buy/writes for submission to out broker on Wednesday morning (January 23). This date is now the basis for our January. We also decided to ride the volatility through the week (until January 28) by suspending our get-out rule (-15%).

	Income*	Cost*	Balance
Starting Cash:			$100,000
From Conservative "Stocks-to-Consider" for January 19, 2008 and putting $10,000 into the money available field.
Buy 500 shares of EJ at $17.81 (closing last trade price) and sell 4 contracts of EJ BD (Feb$20.00) at $1.20 (closing bid price) expiring on 2/16/2008.	$583	$8,925	$91,075
Buy 400 shares of SNCR at $21.51 (closing last trade price) and sell 4 contracts of QQR BX (Feb$22.50) at $1.95 (closing bid price) expiring on 2/16/2008.	$764	$8,624	$82,451
Buy 400 shares of CY at $23.17 (closing last trade price) and sell 4 contracts of CY BE (Feb$25.00) at $1.30 (closing bid price) expiring on 2/16/2008.	$504	$9,288	$73,193
Buy 400 shares of DSL at $22.34 (closing last trade price) and sell 4 contracts of DSL BE (Feb$25.00) at $2.90 (closing bid price) expiring on 2/16/2008.	$1,144	$8,956	$64,207
Buy 500 shares of GRA at $17.52 (closing last trade price) and sell 5 contracts of GRA BX (Feb$22.50) at $0.60 (closing bid price) expiring on 2/16/2008.	$283	$8,780	$55,427
Buy 400 shares of DSX at $22.34 (closing last trade price) and sell 4 contracts of DSX BE (Feb$25.00) at $1.00 (closing bid price) expiring on 2/16/2008.	$384	$8,956	$46,471
Buy 600 shares of PLCE at $19.73 (closing last trade price) and sell 6 contracts of TUY BW (Feb$17.50) at $0.40 (closing bid price) expiring on 2/16/2008.	$221	$9,398	$37,073
Buy 300 shares of SNDA at $26.70 (closing last trade price) and sell 3 contracts of QKU Bf (Feb$30.00) at $0.90 (closing bid price) expiring on 2/16/2008.	$255	$8,030	$29,043
Buy 600 shares of GIGM at $14.92 (closing last trade price) and sell 6 contracts of GBU BC (Feb$15.00) at $1.30 (closing bid price) expiring on 2/16/2008.	$761	$8,972	$20,071
Buy 400 shares of NFLX at $22.31 (closing last trade price) and sell 4 contracts of QNQ BE (Feb$25.00) at $0.80 (closing bid price) expiring on 2/16/2008.	$304	$8,944	$11,127
Buy 900 shares of ACF at $10.28 (closing last trade price) and sell 9 contracts of ACF BV (Feb$12.50) at $0.55 (closing bid price) expiring on 2/16/2008.	$471	$9,271	$1,856
Totals for January:	$5,675	$98,144	$1,856
Portfolio value at January 19, 2008 is $98,780* after $5,675 taken as income.

*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.

Starting in January 2008, Investment Enhancing Systems, Inc. provided this retirement portfolio using the stocks identified in our Conservative "Stocks-to-Consider" list. We started by investing $100,000 in stock buy/writes identified by the Covered Call Analyzer on expiration weekend for January 2007.Since it is a retirement portfolio, we take the premium income each month as income. We reinvest (keep in the portfolio) stock price appreciation to the strike price. Our objective is to maintain and grow the portfolio while maintaining a monthly income of over $2000. We will update this portfolio each month on expiration weekend, using the Analyzer, to find more buy/writes using the monies realized from called or "get-out" sales.

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