Option Investor
Newsletter

Daily Newsletter, Monday, 03/25/2002

HAVING TROUBLE PRINTING?
Printer friendly version
The Option Investor Newsletter                   Monday 03-25-2002
Copyright 2001, All rights reserved.                        1 of 2
Redistribution in any form strictly prohibited.


Posted online for subscribers at http://www.OptionInvestor.com
*******************************************************************
MARKET WRAP  (view in courier font for table alignment)
*******************************************************************
      03-25-2002          High     Low     Volume Advance/Decline
DJIA    10281.67 -146.00 10449.26 10280.77 1.05 bln    967/2208
NASDAQ   1812.49 - 38.90  1863.05  1812.42 1.26 bln   1329/2219
S&P 100   571.67 -  8.42   581.70   571.59   Totals   2296/4427
S&P 500  1131.87 - 16.83  1151.04  1131.87
RUS 2000  496.39 -  6.00   503.30   496.01
DJ TRANS 2817.23 - 60.04  2884.67  2815.11
VIX        20.55 +  0.93    20.83    19.98
VXN        39.18 +  1.62    39.69    36.62
TRIN        1.89
Put/Call    0.59
*******************************************************************

Where are the Upside Surprises?
By Buzz Lynn
buzz@OptionInvestor.com

Tuning in for a few snippets on CNBC, all I heard before turning
off the tube was that volumes were low (duh) and there were
surprisingly few earnings warnings.  Two things come to mind.

First, if the bulls are on the road to recovery for a great second
half, why are companies not coming forth with improved earnings
outlooks that, to date, have already been whittled to the bone?
If the economy is on the upswing, aren't companies supposed to be
talking about expected profits?  Well, since by some people's
platitudes the stock market leads the economy, maybe we should be
asking what the last five days of trading are saying about future
profits.  If we did, the resounding answer might be, "down"
(because the market leads the economy, don'cha know?).

Second, while I'm not one to read much into low volume no matter
what the market's direction, I think the low volume is more a
conveyance of investors' lack of interest in the markets.  Low
volume is certainly not a resounding vote of confidence for future
equity prices.  Some investors are scared to plunk their money
down rightly figuring it will vaporize as the bear market erodes
returns into the negative column.  No wonder they choose to stay
in cash.

Sure, this is warnings season and we are all hunkered down for it
waiting for the Big One to hit - GM, IBM, CSCO, MSFT, DD,
whatever.  Just give us the bad news so we can hammer stocks in a
big one-day loss and get on with our planned bull market!
"Jeepers, we've got a bubble to re-inflate around here with a
little help from Al Greenspan!  Interest rates are lower than
they've ever been, economic reports have hit bottom, housing is
booming, and business is recovering.  Heck, we never had a
recession.  This is a bull market."  Can you just picture the
perma-bulls as guests on the Hollywood Squares with the investor
contestants saying, "I disagree, Tom."?  Tom replies, "Investor's
are correct.  "X" gets the "O" on the Point-and-Figure chart!"

It isn't going to happen that way.  Bear markets are loaded with
patience and gradually wear the diehard bulls down.  While there
are mini-bulls and mini-bears, the undeniable trend is that the
equity markets are engaged in a primary bear market.  Get use to
it; play bearish as an investor - get defensive; win!  Of course
that applies to the long-term investors.  Traders will make money
in either direction on intraday moves.  Bulls did extremely well
between October and January, and then again in March.  Bears did
well in February and it look like it's their turn again, perhaps
for a long streak this time around.

How can I be so sure?  I'm never sure, but here's what I see in
the charts.

Dow Industrials - INDU (weekly/daily/60):



Start with decidedly bearish oscillator patterns.  Add in some
broken support just under 10,400.  then note the next point of
support somewhere around the 62% retracement bracket at 10,108,
50-dma of 10,082, and a lower Bollinger band in the same arena.
The 60-min chart foretold the possible breakdown from the neutral
wedge formation.  They don't always break down, but they do more
often than not.  Bulls should take heart.  The 60-min stochastic
is now buried in oversold and looking ripe for a bounce - not
unlikely at all given that every Dow stock was in the red today.
Contrarians will note the heavy bearish leaning and get ready for
a bullish swing trade using the 30/10/5 charts.

NASDAQ - COMPX (weekly/daily/60):




For the NASDAQ, here's another neutral wedge under formation -
this time on the weekly chart.  Remember this formation results in
breakdown more often than not.  With stochastics turning bearish
prior to even entering overbought, my best guess is that the NAZ
will remain under pressure for months to come.  The daily candles
have not been able to get over and hold above their 200-dma,
unlike their Dow and SPX brethren.  Immediate daily stochastic
pattern is mixed but looking weak.  Like the Dow though, an
intraday bullish rebound is possible given the oversold
stochastics that appear ready to bounce.

S&P 500 - SPX (weekly/daily/60):




And for the granddaddy of them all, the SPX, it has been unable to
break much above 1178.  Weekly stochastics have reversed to
bearish after topping out two weeks ago.  Daily stochastics too
are bearish, but the 60-min may be offering a potential bullish
swing trade soon thanks to the oversold stochastic begging for
upturn.  More to the point, the daily candles broke down under the
200-dma today, a mark well-noticed by technical traders.  But the
50% retracement of 1129 and the 50-dma of 1127 loom near and may
act as support for a bullish daily chart reversal.  If those
numbers are broken, look for more downside action to 1108 as the
next area of support.

VIX - excepting today, it has been falling steadily over the last
month and now rests at 20.48.  Yet even at that number, investors
are not jumpy yet nor are they predicting any major change in
direction.  If we used only the VIX to tell us market direction,
we would have to conclude there are still a bunch of bulls out
there not yet sufficiently scared enough to goose the volatility
premiums.

So what for tomorrow?  Near-term signals point to possible
entries for bullish day or swing trades.  After all, stochastics
are oversold across the major indexes in the 60-min time frame.
Yet the bigger daily and weekly trends remain down, which favors
the bears.  My best guess says that market work their way down in
the weeks ahead.  But for tomorrow, we could see a minor bounce
that might earn us a few points on the bullish side.

Today's slide into the close further tells us that the downside
may continue into the first half hour of trading tomorrow, then
perhaps the technical bounce.  I personally will be watching chart
signals across major indexes for candle support and stochastic
reversal for quick bullish trades.  But there is less risk in
waiting perhaps a few hours for the downside to resume.

Of course, anemic volume makes the crystal ball a bunch more
cloudy.  While upward moves are tradable, I would not be long
except on a daytrading basis.

See you at the bell.


********************
INDEX TRADER SUMMARY
********************

Methodical Madness

Monday was a very orderly session. Price action in the major
indexes went right up to kiss resistance before turning tail to
run far lower from there. No wild intraday volatility, no
irrational spikes other than one early buy program that set up
the second lead-pipe lock short entry today.

(60/30 Min Charts: SPX)




And here it is... fresh from the weekend Swing Trade Gampelan
charts. We'll use the SPX for our proxy but just about any index
or sector (except XAU) looks similar as well. Price action
touched resistance on the first candle this morning and rolled
from there. Aggressive shorts sold that move. Once it broke below
recent support, cautious shorts entered there. When the buy
program bounced it off session lows and the next consolidation
broke lower from there, shorts who missed the first two entries
could have climbed aboard right there!

(60/30 Min Charts: SMH)




Last Friday while scanning the indexes and sectors list I found
about 25 short-play setups. Quite a scary thought when all the
media mantra around us is bellowing full bull ahead, but we
listed no fewer than eighteen of those shorts to trigger anyway.
One of them was the SMH at break below 46.25, and that was 0.25
too low as it was. No sitting on modest gains and from the look
of these intraday charts on out I see no reason to cover yet!
Short shares or any month's 45-strike put options would do nicely
from there on continuation down.

(Weekly Charts: Dow and NDX)




Here of course is the bigger view for all. Both Dow and NDX are
just turning bearish reversals in the weekly chart stochastic
values and could trend far lower from here. I expect to see Dow
10,100 area this week, quite possibly tomorrow. Both 50 and 200
period moving averages converge there in addition to the
ascending trendline from Sep 2001 lows. Traders will test this
measure soon, we can be very sure of that.

Summation
The trend is down and signs point to early in this move. Short
every rally that pops back to resistance and fails until that
ceases to work. I'll not play a call index option myself until
weekly/daily chart pictures change, which might not be real soon.

Selling All Rallies Again,
Austin P


************************Advertisement*************************
Tired of waiting on trades to execute?
Does your broker offer Stop Losses on Options?

Trade instantly with Stop Losses at PreferredTrade Inc.
Stop Losses based on the option price or the stock price.
Move your trading into the next millennium with PreferredTrade.
Anything else is too slow!

http://www.PreferredTrade.com/CF/Home.CFM?ID=OIN
**************************************************************


**************
TRADERS CORNER
**************

Back to the Toolbox
by Mark Phillips
mphillips@OptionInvestor.com

For technical analysis junkies (of which I am a proud member),
there never seems to be too many possible indicators or studies
to investigate.  I think it stems from a deep-seated belief that
the "Holy Grail" of investing will be contained in the 'next'
indicator.  That Holy Grail would be the fabled indicator that
consistently and accurately foretells of a change in trend and
has a success ratio greater than 90%.  Oh, and did I forget to
mention that it also generates automatic buy and sell orders at
the end of each day?

Ok, so stumbling onto such a magical tool isn't very likely.  But
I think it is that deep-seated psychological desire that keeps
people like me constantly in the pursuit of a better indicator,
or at the very least, "just one more tool".  So if you're like
me, and enjoy these little educational exploits into the world
of Technical Analysis, then buckle up for another interesting
ride.

Chart pattern recognition can be one of the simplest trading
techniques in our universe.  Jeff Bailey has written several
times about the Inside Day and how to trade the break from that
pattern.  I've written about another chart pattern, The 2-Day
Gap, that consists of trading in the direction of a gap that
fails to fill after two days of the initial gap.  If you missed
those articles, here are the links for easy reference.

The "Inside Day" Trading Technique
Another Tool For The Toolbox

There's another chart pattern that I've found useful from time
to time, and it has simple parameters just like the Inside Day
and 2-Day Gap techniques.  I call it the Outside Day, and the
initial setup, as its name indicates, involves looking for a
candle pattern where today's candle completely engulfs
yesterday's candle.  Sharp readers will notice that the pattern
is just the Inside Day in reverse, where the narrow-range day
precedes the large-range day.  Here's what the pattern looks
like initially.






You can see how in both instances highlighted above, the price
action following the large-range engulfing candle followed the
direction of the outside day's candle.  While the two candles
that form the Outside Day are the setup, the trigger to enter
a trade comes on the following day (or perhaps the next day),
when price action follows through from the large range day.

So using the example from early September, you can see that we
would have taken advantage of the price weakness on September
5th to initiate new put positions on the theory that momentum
is building to the downside.  But as we've mentioned numerous
times here before, we don't want to act on a single indicator
or price pattern on its own.  We want confirmation.  So let's
see how it looks with our standard Stochastics oscillator
entering the picture.






There we go!  While the initial setup came from the Outside Day
candle pattern, a quick check of daily Stochastics tells us they
are just getting started on a bearish rollover.  That confirms
our bearish OD setup.  When price headed south on September 5th
with volume increasing, puts were the high-odds favorite for a
winning trade.  And in the 9 trading days following our OD
setup, GENZ shed a cool $15.  Granted that decline was a bit
artificial due to the external influence of the terrorist
attacks on September 11th, so let's take a look at another one,
shall we?






We can take these entry signals for trades lasting days (until
the daily Stochastics bottoms, or even longer) trailing our stop
to preserve profits.  Or we can just scalp a quick, 1-2 day move.
If we chose to make a quick trade out of the NVDA example, we
likely would have been in around $63 and then out when price
began to rebound from the $58 level.  Obviously to play this
sort of trade with such a short-term focus would require using
shorter-term charts, but I think you get the picture.

Alright, I know everything doesn't always line up the way we
highlight here in these educational pages, so I thought I'd
feature an OD setup that didn't pan out.  That way you can see
what to watch out for.  Actually, the initial setup is very
similar to the NVDA example in that the large-range day saw price
fall to, and then find support at the lower end of that candle's
range.  But this time it was a bit different, proving that
jumping the gun isn't necessarily the best approach.





Everything was set up for us, just the way we like it.  We had
an OD, with Stochastics turning bearish and it looked like
volume was on the rise.  But volume dried up the next day and
BRCM spent the next 4 days regaining its strength while
Stochastics fell.  Since price never dropped below the bottom
of the large-range day's candle, we never generated an entry
signal for our put play.  And on the 5th day, as price rocketed
through the top of the large-range day's candle, the trade
setup was negated, with strong volume to boot!

As I said above, there is no automatic system (that I am aware
of), that will hand us one winner after another without the
occasional false signal.  But by combining multiple tools and
using a strict entry methodology, I think you can see the
benefits of paying attention when those Outside Day setups
present themselves.

We talk a lot about different candle patterns here in the
newsletter, and the ones that we mentioned here today (Inside
Day, 2-Day Gap and Outside Day) are a few of those that translate
well between the bar chart and candle chart worlds.  Next week,
I'm going to begin a series discussing the standard candle
patterns that are unique to that form of charting, such as Doji,
Morning and Evening Stars and Harami, to name a few.  As a point
of interest, candlestick aficionados will recognize that the
Outside Day that I talked about today is analogous to the
Bullish/Bearish Engulfing Line in the candlestick realm.

See you next week!

Mark


************************Advertisement*************************
If you trade options online, then you need an online broker that:
offers true direct access to each option exchange offers stop and
stop loss online option orders offers contingent option orders
based on the price of the option or stock offers online spread
order entry for net debit or credit offers fast option executions

PreferredTrade offers these online option trading features and
more; call 1-888-889-9178 or click for more information.

http://www.PreferredTrade.com/CF/Home.CFM?ID=OIN
**************************************************************


***********************
INDEX TRADER GAME PLANS
***********************

Index Trader Swing-Trade Game Plan: Monday 03/25/2002
Precisely As Expected

News & Notes:
Indexes opened flat, traded right up to resistance overhead as
drawn in weekend Swing Trade Gameplan and kissed off to plunge
much lower from there. Very orderly and methodical decline from
bell to bell, and simple session to game.


Featured Markets:
[60/30-Min Chart: OEX]



OEX rose 1.61 points off the open, met rejection at resistance
and promptly collapsed from there. Shorts from a break of the
session low at 580 area fared wonderfully from there. Another
short opportunity came along near 577 when the next intraday flag
broke down and offered favorable results from there. The index
still looks weak as it rests on channel support and could crack
to 560 area soon, but I would not short any gap-down moves from
here. If Tuesday opens higher and falls thru opening price, get
short again!


[60/30-Min Chart: SPX]



Ditto the SPX. Short 1149 area this morning or 1140 area this
afternoon and ride the waves to success! Very easy, easy markets
to trade this time but we can bet that won’t last long.


[60/30-Min Chart: QQQ]



QQQ broke support twice today as well, and made for a decent
trade as well. Same story as S&Ps: if support breaks tomorrow on
a flat or higher open, short it again.


Summation:
Fine session for intraday plays and those who may have held over
the close should beware a gap-down open on Tuesday. If that
happens after two down days, cover shorts and wait for new entry
from there. Should price action start higher on Tuesday and break
back below Monday lows, get short again!


Trade Management:
Option traders may choose listed In-The-Money (ITM) or Out-The-
Money (OTM) contracts by personal preference. They are selected
based on volume, open interest and "Delta" values in that order.
Our preference is usually OTM contracts except for the last few
days of expiration when ATM or ITM contracts are preferred.


Index Trader Sector-Trade Game Plan: Monday 03/25/2002
Majority Vote Ruled

News & Notes:
"Our Weekly/Daily chart scan of all tradable indexes and sectors
shows a majority in bearish reversal fashion right now. Charts
posted in the weekend Index Wrap summarize what we see. A slew of short
listings to cross-compare stock holdings in these various sectors. Scares
us a little to hear the masses expecting each dip to explode upward into
month-end manipulation but technicals say otherwise."

Indeed they did. Charts told us to get short this session, we have to
admit it was questioned whether that was the right move with all the
bullish mantra surrounding us but we felt the fear and shorted anyway. All
new short plays tracked open are faring quite nicely by session’s end.

Featured Plays:
None

Summation:
Weekly charts on the major indexes are just now turning bearish, and the
VIX remains incredibly low. Could be a downward trend that lasts for some
distance, and we’re poised to trail it lower should that indeed
materialize.

Trade Management:
Entry triggers are points where plays are tracked when price
action breaks above for calls or below for puts. Stops are the
exact opposite of that. Sell targets are points to exit based on
index levels or %gain on share price as noted.
No entry targets listed mean the model is idle at that time.
Asterisk means stop-loss level changed since prior posting

New Play Targets:
None


Open Long Plays:
None


Open Short Plays:
----------------
XLB **          XLP **
Short: 23.75    Short: 26.00
Stop:  24.50    Stop:  26.75

XLV **          XLY **
Short: 29.00    Short: 29.90
Stop:  30.25    Stop:  31.00

IYD             IYK
Short: 45.25    Short: 45.90
Stop:  47.00    Stop:  47.00

IYR             IYE
Short: 84.75    Short:  49.70
Stop:  86.00    Stop:   52.00

IJJ
Short:  97.00
Stop:   99.00

DIA **[DJX]     IYM
Short: 105.90   Short: 42.00
Stop:  103.50   Stop:  41.00

03/25 Listings
--------------
QQQ **          SMH **          BBH **
Short: 36.60    Short: 46.25    Short: 126.25
Stop:  36.50    Stop:  46.50    Stop:  124.00

OIH **          MKH **          RTH **
Short: 65.50    Short: 58.50    Short: 100.00
Stop:  69.00    Stop:  58.50    Stop:  101.00

TTH **          FFF **          IWD
Short: 38.50    Short: 82.25    Short: 57.50
Stop:  41.00    Stop:  83.25    Stop:  58.80

IWM             IWS             IYC
Short: 99.75    Short: 82.75    Short: 57.00
Stop: 100.75    Stop:  84.00    Stop:  59.50

IWW             IYY             IVE
Short: 73.70    Short: 53.00    Short: 55.50
Stop:  77.00    Stop:  56.00    Stop:  58.00

XLE              IYM            XNG (options only)
Short: 28.40     Short: 41.50   Short: 193.25
Stop:  31.00     Stop:  42.50   Stop:  203.00


************************Advertisement*************************
"If you haven’t traded options online – you haven’t really traded
options," claims author Larry Spears in his new compact guide
book:

"7 Steps to Success – Trading Options Online".

Order today and save 25% (only $15) by clicking on PreferredTrade
and clicking on the link to the book on its home page.

http://www.PreferredTrade.com/CF/Home.CFM?ID=OIN
**************************************************************


*******************
FREE TRIAL READERS
*******************

If you like the results you have been receiving we
would welcome you as a permanent subscriber.

The monthly subscription price is 39.95. The quarterly
price is 99.95 which is $20 off the monthly rate.


We would like to have you as a subscriber. You may
subscribe at any time but your subscription will not
start until your free trial is over.

To subscribe you may go to our website at

www.OptionInvestor.com

and click on "subscribe" to use our secure credit
card server or you may simply send an email to

 "Contact Support"

with your credit card information,(number, exp date, name)
or you may call us at 303-797-0200 and give us the
information over the phone.

You may also fax the information to: 303-797-1333


**********
DISCLAIMER
**********

Please read our disclaimer at:
http://www.OptionInvestor.com/page/oin/aboutus/disclaimer.html


**************************************************************
ADVERTISING INFORMATION

For more information on advertising in OptionInvestor Newsletter,
or any Premier Investor Network newsletter please contact:

Contact Support

The Option Investor Newsletter                   Monday 03-25-2002
Copyright 2001, All rights reserved.                        2 of 2
Redistribution in any form strictly prohibited.


************************Advertisement*************************
Tired of waiting on trades to execute?
Does your broker offer Stop Losses on Options?

Trade instantly with Stop Losses at PreferredTrade Inc.
Stop Losses based on the option price or the stock price.
Move your trading into the next millennium with PreferredTrade.

Anything else is too slow!

http://www.PreferredTrade.com/CF/Home.CFM?ID=OIN
**************************************************************


*****************
STOP-LOSS UPDATES
*****************

EMLX - put
Adjust from $34 down to $32.50

FLIR - put
Adjust from $48.50 down to $46

GDW - put
Adjust from $65 down to $64

ISSX - put
Adjust from $28.50 down to $27.50

MIL - put
Adjust from $47.50 down to $46



*************
DROPPED CALLS
*************

None


************
DROPPED PUTS
************

None




************************Advertisement*************************
"If you haven’t traded options online – you haven’t really
traded options," claims author Larry Spears in his new compact
guide book:

"7 Steps to Success – Trading Options Online".

Order today and save 25% (only $15) by clicking on PreferredTrade
and clicking on the link to the book on its home page.

http://www.PreferredTrade.com/CF/Home.CFM?ID=OIN
**************************************************************


*********************
PLAY OF THE DAY - PUT
*********************

FLIR – FLIR Systems $41.25 -3.44 (-3.44 this week)

FLIR is engaged in the design, manufacture and marketing of
thermal imaging and stabilized camera systems for a wide variety
of commercial, industrial and government applications.  The
company's products are divided into two categories, which
include the thermography products and imaging products.  In the
Thermography division, FLIR manufactures products that are sold
to commercial, industrial, research and machine vision customers.
For industrial customers, FLIR has developed thermography
systems that feature accurate temperature measurement, storage
and analysis.  The Imaging division caters to military, law
enforcement, surveillance and security customers.

Most Recent Write-Up

Being the hot stock of last year (or even last month) carries
little cache in the current market, especially with end-of-quarter
window dressing looming next week.  Defense stocks were the place
to be until just recently, but judging by the weakening in the
Defense index (DFI.X), that relative strength may be waning.
After riding up the rally in the DFI index, shares of FLIR seemed
to stall and run out of steam near the $60 level, and the fall
from grace over the past 2 weeks has not been pleasant for the
bulls.  Specifically, FLIR has lost nearly $12 in that time and
judging by the recent action, the decline isn't over yet.  After
the big gap down on March 15th, prompted by news that the SEC will
bring a civil injunctive case against the firm for events that
occurred in 1998 and 1999.  The stock bounced somewhat off the
lows due to analyst pronouncements that the sharp decline was an
over-reaction to news that does not materially affect the company
presently.  But despite FLIR reaffirmation of earnings estimates,
the relief bounce ended quickly and the stock is now back below
firm resistance at $47.50.  It appears destined to test the $40
level next, and quite possibly the $35-37 area, where, the 200-dma
is waiting to offer somewhat stronger support.  Use another failed
rally near the $47-48 area to initiate new positions, or else wait
for a drop below the $44 level on strong volume.  Note that FLIR
bounced from the $42 level back on March 15th, so that is a
possibility when that level is reached again.  We're initiating
the play with our stop set at $48.50.

Comments

Picking up right where it left off last week, the Defense
Industry index (DFI.X) headed south Monday morning and after a
feeble midday rally attempt, continued down to close at the low
of the day.  Leading the loser list in the companies that make
up the DFI index was our put play on FLIR.  Starting the day
with a sharp drop didn't inspire bullish confidence and the
selling resumed into the closing bell, for a loss on the day
exceeding 7.5%.  Selling volume picked up in the final hour,
underscoring the stock's weakness as it plunged through the $42
support level.  Barring a surprise rally out of left field, it
looks like FLIR is intent on testing the 200-dma, and that is
clear down at $37.59.  Take advantage of any failed intraday
rallies to initiate new positions.  the $42 level should present
some mild resistance, with further overhead at $43 (today's
intraday support) and then $45.  Entering on further weakness
below the $41 level should work too, but look out for the
possibility of a weak bounce from the $40 level.  Once below
there, it should be a quick trip to the 200-dma, and possibly
below.  We're lowering our stop to $46 tonight.

BUY PUT APR-45 FFQ-PI OI=242 at $5.40 SL=3.50
BUY PUT APR-40*FFQ-PH OI=333 at $2.50 SL=1.25
BUY PUT APR-35 FFQ-PG OI=301 at $1.10 SL=0.50

Average Daily Volume = 570 K



************************Advertisement*************************
If you trade options online, then you need an online broker
that:
offers true direct access to each option exchange
offers stop and stop loss online option orders
offers contingent option orders based on the price of the
option or stock
offers online spread order entry for net debit or credit
offers fast option executions

PreferredTrade offers these online option trading features and
more; call 1-888-889-9178 or click for more information.

http://www.PreferredTrade.com/CF/Home.CFM?ID=OIN
**************************************************************


*******************
FREE TRIAL READERS
*******************

If you like the results you have been receiving we
would welcome you as a permanent subscriber.

The monthly subscription price is 39.95. The quarterly
price is 99.95 which is $20 off the monthly rate.


We would like to have you as a subscriber. You may
subscribe at any time but your subscription will not
start until your free trial is over.

To subscribe you may go to our website at

www.OptionInvestor.com

and click on "subscribe" to use our secure credit
card server or you may simply send an email to

 "Contact Support"

with your credit card information,(number, exp date, name)
or you may call us at 303-797-0200 and give us the
information over the phone.

You may also fax the information to: 303-797-1333


**********
DISCLAIMER
**********

Please read our disclaimer at:
http://www.OptionInvestor.com/page/oin/aboutus/disclaimer.html


**************************************************************
ADVERTISING INFORMATION

For more information on advertising in OptionInvestor Newsletter,
or any Premier Investor Network newsletter please contact:

Contact Support

DISCLAIMER

Option Investor Inc is neither a registered Investment Advisor nor a Broker/Dealer. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All opinions, analyses and information included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we do not necessarily update such opinions, analysis or information. Owners, employees and writers may have long or short positions in the securities that are discussed.

Readers are urged to consult with their own independent financial advisors with respect to any investment. All information contained in this report and website should be independently verified.

To ensure you continue to receive email from Option Investor please add "support@optioninvestor.com"

Option Investor Inc
PO Box 630350
Littleton, CO 80163

E-Mail Format Newsletter Archives