03/23/2006 12:00AM

Derby Watch rankings for March 24

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Who's Hot, Who's Not

WHO'S HOT: There were wholesale changes to the top 25. Although there are only two newcomers - Like Now and Red Raymond - several horses either moved way up or way down because of their performances last weekend. Like Now, the winner of the Gotham Stakes, and Red Raymond, who was second in the Rebel Stakes, are both 50-1 on the Kentucky Derby future line set by Mike Watchmaker, Daily Racing Form's national handicapper. Lawyer Ron, 20-1 a week ago, is now the second choice at 6-1 following his victory in the Rebel. A. P. Warrior, the San Felipe winner, also made a big move forward. He is now 15-1 after being 60-1 last week.

WHO'S NOT: Corinthian was dropped from the list because of a minor fracture that will force him to miss the rest of the Triple Crown series. Refinery was dropped after a fifth-place finish in the San Felipe. Achilles of Troy, fifth in the Gotham as the favorite, is now 40-1 after being 15-1 last week. Other horses whose prices were raised significantly by Watchmaker following last week's races were Keyed Entry (30-1 from 15-1) and Private Vow (40-1 from 15-1).

ON THE BUBBLE: Greeley's Legacy, who was fourth in the Gotham, and Racketeer, who was fourth in the San Felipe, are the next in line to move onto the list, pending the results of races this weekend in Kentucky and Dubai.