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Daily Newsletter, Friday, 07/27/2001

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PremierInvestor.net Newsletter          Weekend Edition 06-29-2001
                                                    section 1 of 3
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In section one:

Market Wrap: Very little changed over past week
Market Sentiment: Perhaps Columbus Was Wrong
Play-of-the-Day: Anadarko Petroleum - APC (Bullish)
Watch List: Five New Stocks to Watch 

------------------------------------------------------------------
U.S. Market Numbers
------------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
------------------------------------------------------------------
        WE 6-29          WE 6-22         WE 06-15          WE 6-08
DOW    10502.40 -102.19 10604.59 - 19.05 10623.64 -353.36  - 13.41
Nasdaq  2160.54 +125.72  2034.82 +  6.39  2028.43 -186.67  + 65.66
S&P-100  632.02 -  4.13   636.15 +  9.52   626.63 - 25.29  +  2.31
S&P-500 1224.38 -   .97  1225.35 + 10.99  1214.36 - 50.60  +  4.28
W5000  11407.15 + 94.70 11312.45 + 74.45 11238.00 -498.70  + 65.13
RUT      512.64 + 23.99   488.65 -  6.48   495.13 - 16.51  +  9.92
TRAN    2829.96 +153.47  2676.49 - 17.13  2693.62 -188.47  -  4.96
VIX       21.63 -   .87    22.50 -  3.83    26.33 +  4.92  -  2.55
Put/Call    .58              .69              .73              .54
------------------------------------------------------------------

===========
Market Wrap
===========

Very little changed over past week 
by Jeff Bailey

This weeks trading had its ups and down, but by weeks end, very 
little had actually change.  The Dow Industrials ($INDU) lost 373 
points or 1.5%, the S&P 500 gave back 5 points or 0.4%, the 
NASDAQ-100 Index ($NDX.X) gained 7 points or 0.4% and the broader 
NASDAQ Composite ($COMPX) finished right where it closed the week 
previous at 2,029 or unchanged.

That gives us a look at the externals and sometimes that can be 
misleading.  There are those occasions where one or two stocks 
can really be the big mover and skew and indexes outward 
appearance.  This week however, an indicator I like to use 
(bullish percent) tells me the over all shape of the internals 
and some of the supply/demand characteristics that are occurring 
in the market are also little change.  In essence, the outward 
appearance of the patient, in this case the market, looks to be 
accurately reflected by the internals.

The bullish percent indicator often times gives us a heads up to 
internal strength or weakness occurring before the effect of 
strength/weakness actually shows up on the outside as represented 
by the broader indexes we all watch on a daily basis.  What we 
look for is divergence.  "Bullish divergence" occurs when the 
internals show signs of strengthening, but the index itself 
trades lower.  The "outward appearance" of an index may be skewed 
by just one or two stocks trading lower as the indexes are 
weighted.  The bullish percent is very similar to breadth of a 
market, but the bullish percent ignores the daily advance/decline 
and only measures the supply/demand characteristic by the "buy" 
and "sell" signals that are present on the supply/demand chart.

Here's what I mean.  As of Thursday's close (I don't get Friday's 
numbers until after publisher's deadline) the bullish percent 
reading for the NASDAQ-100 showed 30 percent of the stock charts 
for the components of the NASDAQ-100 showing "buy signals" on 
their charts.  That means that 70 percent of the charts for that 
index are showing a "sell" signal currently.  In essence, as of 
Thursday night, supply has been in control, but this indicator 
has been stuck in the 26-30 percent range for the entire week!

Bullish Percent for NASDAQ-100 - 2% scale




Today's action in the NASDAQ-100 might have been enough to get 
the NASDAQ-100 bullish percent chart in "bull alert" status.  You 
can check out the status for Monday morning's trading by visiting 
www.stockcharts.com as they should have the data tabulated later 
tonight.  While the NASDAQ-100 did come close to violating a 
relative low dating back to July 11th of 1,934.67, the low for 
this week was 1,939.28.  That correlates nicely with the bullish 
percent chart above.  Perhaps institutions were also monitoring 
this part of the market and understood the level of risk with any 
bearish positions and decided to lock in some gains on their 
shorts.  A reading of 32% would have this indicator reading "bull 
alert" and we could see a powerful rally.

The last time we went "bull alert" on this indicator was June 
21st when the NASDAQ-100 closed at 2,058. I've marked the above 
chart with a pink arrow showing bull alert status on that 3-box 
reversal higher.  The index stayed in bull alert status until 
July 3rd (red 7 on chart) before reversing lower.  Do you see how 
that level of "bullishness" came right up to a previous reversal 
lower in the column of X at 50%?  Maybe institutions were 
watching that level of bullishness and felt that some NASDAQ-100 
stocks had gotten a little too far ahead of themselves.

Did you see Cisco Systems (NASDAQ:CSCO) this week?  In Tuesday's 
wrap we felt this was a key stock to be watching.  Guess what?  
Today the stock did manage to trade the $19.50 level and that had 
the stock breaking bearish resistance.  The short-term trend is 
now bullish and bullish support is in place.  The length of the 
downward trend is much longer than the upward trend, so I don't 
think CSCO is going to $50 anytime soon.  However, the buy signal 
created at $19 contributed to a 1% net gain for the NASDAQ-100 
bullish percent and its kind of nice for bulls to see a stock 
like CSCO breaking above downward trend on the supply/demand 
chart.  If CSCO can continue to show some strength than that can 
only help the chances for a NASDAQ rally.

Cisco Systems Chart - $0.50



Look for this stock to now start getting some renewed interest 
from institutions.  It's been a long time since CSCO has traded 
above bearish resistance and I'd suspect some institutions will 
start looking at the stock more seriously.  What beautiful timing 
too!  Cisco is scheduled to report earnings on August 7th and 
analysts can ask all the tough questions about the future.  If 
they like what they hear from CSCO and some of their customers 
then the stock should be able to hold the $16-$16.50 level.

Don't forget about Foundry Networks (NASDAQ:FDRY).  I also 
mentioned in Tuesday's wrap that shares of fellow networking 
stock Foundry Networks and its point and figure chart were 
looking strong.  I'd expect shares of CSCO and FDRY to trade 
somewhat in unison in the coming weeks.  Both charts are giving 
hint that demand showing some progress against supply.  These 
stocks are down considerably from their highs, so traders don't 
need to load the boat.  Pick away with a small position to begin 
with.  Then, if the stock begins giving buy signals you can 
always buy more.  Start out small as it is very early in the 
trend for many of these stocks.  I will point out that the 
bearish resistance trend on Foundry (FDRY) is up ahead at $32, so 
the stock is still in a long-term down trend.  However, that's 
quite a bit of upside.  Check out the point and figure chart of 
FDRY while you're checking the bullish percent.  Look what 
happens with a trade at $21. 

Have a great weekend!...Jeff


================
Market Sentiment
================

Perhaps Columbus Was Wrong

The Earth may be round, but the markets are flat.  The Nasdaq 
started the week at 2029.37, and ended the week at 2029.73, a 
monstrous 0.36-point gain.  The Dow and S&P 500 didn't fair any 
better.

The markets continue to waver as good economic news and positive 
earnings offer hope that an economic recovery is coming, but 
those hopes are then dashed by a conflicting batch of news.  
Today we had good news from several companies, but a weaker GDP 
number.  Earlier in the week we had a surprising drop in 
unemployment data, but that was mostly attributed to seasonal 
adjustments.  Looking at the Conference Board's online help 
wanted index shows that demand for white collar workers continues 
to decline.  The index dropped another 40 points to 101, and the 
steady decline doesn't offer any evidence of a bottom.  The 
Misery Index, which is the combination of inflation and 
unemployment, rose to a four-year high, and hints that the trend 
will continue until the end of the year.

Certain economic indicators may look miserable, but the stock 
market continues to look at the glass as half full, or at least 
no broken beyond repair.  On Tuesday the major indices came close 
to losing support, but bulls were able to step in and recoup 
those losses. Bulls have three days of momentum going for them, 
and July 30th and 31st have typically been bullish days.   If 
that holds true, Wednesday could be the day when the rubber hits 
the road, as downtrends, moving averages, and other forms of 
resistance converge to challenge any advances.  The medium-term 
trend is still down, and weak stocks are still susceptible, but 
relatively stronger issues may be able to hold up under the 
strain.

Nasdaq and NYSE Advance/Decline Charts (5-Day Moving Average)



A 5-day moving average of advancing minus declining issues also 
paints a picture of indecision.  Since April, up trends and 
downtrends have been squeezing the A/D line, which has basically 
caused the line to hover around zero.  As we approach the apex of 
the symmetrical triangles, one of the trends is going to have to 
give.

-----------------------------------------------------------------

Market Volatility  
VIX   24.73
VXN   51.77

-----------------------------------------------------------------

          Put/Call Ratio  Call Volume   Put Volume
Total           .47        542,157       252,742
Equity Only     .40        507,120       203,053
OEX            1.00          6,689         6,698
QQQ             .47         45,407        21,432

-----------------------------------------------------------------

Bullish Percent Data

The Nasdaq-100 has reversed into bull alert status.

           Current   Change   Status
NYSE          34       -      Bear Confirmed
NASDAQ-100    38       -      Bull Alert
DOW           36       -      Bull Alert
S&P 500       48       -      Bear Alert  

Readings above 70 are considered overbought, and readings below 
30 are considered oversold.

Bull Confirmed  - Aggressively long
Bull Alert      - Cautiously long
Bull Correction - pause or pullback in upward trend
Bear Alert      - Take defensive action if long
Bear Confirmed  - High risk if long, good conditions for shorting
Bear Correction - Pause or rebound in downtrend

-----------------------------------------------------------------

10-Day Arms Index  1.11  

Extreme readings above 1.5 are bullish, and readings below .85 
are bearish.  These signals don't occur often and tend be early, 
but when the do, they can signal significant market turning 
points.

-----------------------------------------------------------------

        Advancers     Decliners
NYSE      1713           1349
NASDAQ    1952           1705

        New Highs      New Lows
NYSE      103             27
NASDAQ    115             83

-----------------------------------------------------------------

Advisory Sentiment 

Bullish  Bearish  Correction   Net   Change 
  52.5%     23.2%    24.3%    29.3%   +3.3%

A bearish reading of 25% to 30%, combined with a bullish reading 
greater than 55% is typically considered bearish by contrairians.  
A net percentage greater than 30% is also viewed as bearish. 

-----------------------------------------------------------------

Commitments Of Traders Report: 07/24/01
Weekly COT report discloses positions held by small specs
and commercial traders of index futures contracts at the 
Chicago Mercantile Exchange and Chicago Board of Trade. COT data 
can be found at www.cftc.gov.

Small specs are the general trading public with commercials being 
financial institutions. Commercials are historically on the 
correct side of future trend changes while small specs tend 
to be wrong.  

S&P 500
The three-week reduction in the net bearish position of 
commercials came to an end. This wasn't the result of new short 
positions being added, but rather more long positions being 
dropped than short positions.

Commercials   Long      Short      Net     % Of OI 
7/10/01      309,374   385,178   (75,804)   (10.91%)
7/17/01      336,836   403,561   (66,725)   ( 9.01%)
7/27/01      317,241   392,146   (74,905)   (10.56%)

Most bearish reading of the year: (111,956) - 3/6/01
Most bullish reading of the year: ( 41,144) - 5/1/01

Small Traders Long      Short      Net     % of OI
7/10/01      135,587     59,889   75,698     38.72%
7/17/01      122,525     50,211   72,314     41.86%
7/24/01      141,372     61,665   79,717     39.26%

Most bearish reading of the year:  36,513 - 5/01/01
Most bullish reading of the year:  91,122 - 3/06/01
 
NASDAQ-100
The net bearish position of institutions has increased for the 
third week in a row.  (11,802) is the third highest bearish 
reading of the year. 

Commercials   Long      Short      Net     % of OI 
7/10/01       26,688     34,640   ( 7,952)  (12.97%)
7/17/01       26,721     37,225   (10,504)  (16.43%)
7/24/01       27,396     39,198   (11,802)  (17.72%)

Most bearish reading of the year: (15,521) - 3/13/01
Most bullish reading of the year:  (1,825) - 1/02/01

Small Traders  Long     Short      Net     % of OI
7/10/01        9,073     7,486    1,587       9.58%
7/17/01       11,680     8,183    3,497      17.61% 
7/24/01       12,170     7,744    4,426      22.23%

Most bearish reading of the year:  (1,028) - 1/02/01
Most bullish reading of the year:   8,460  - 3/13/01


DOW JONES INDUSTRIAL
Institutions added a few more long positions, increasing their 
net bullish stance on the Dow.

Commercials   Long      Short      Net     % of OI
7/10/01       13,743    12,999      744      2.8%
7/17/01       14,145    12,963    1,182      4.4%
7/24/01       16,080    12,812    3,268     11.3%

Most bearish reading of the year: (8,322) - 1/16/01
Most bullish reading of the year:  8,925  - 5/22/01

Small Traders  Long      Short     Net     % of OI
7/10/01        5,048     7,835    (2,787)   (21.63%)
7/17/01        5,255     9,144    (3,889)   (27.01%)
7/24/01        5,599     9,526    (3,927)   (25.96%)

Most bearish reading of the year:  (7,572) - 5/08/01
Most bullish reading of the year:   1,909  - 1/16/01
----------------------------------------------------------------- 


=========================
Play-of-the-Day (Bullish)
=========================

Anadarko Petroleum - APC Close:$58.56 Change:+1.31 Stop:$57.50

Comments When Originally Selected on July 20th:

Company Description:
Anadarko is one of the world's largest independent oil and natural 
gas exploration and production companies.  The firm has expanded 
significantly with the acquisition of fellow independent Union 
Pacific Resources that increased Anadarko's proved reserves to more 
than 2 billion barrels of oil equivalent, evenly divided between 
crude oil and natural gas.  Although more than half of the company's 
reserves are in the US, the company also has major operations in 
Algeria, western Canada, Guatemala, and Venezuela.

Fundamentals: 
On a relative or actual basis these shares are cheap.  APC shares 
have a low current PC of 12 and a forward one of 9 for 2001.  The 
industry average P/E is 13 and the average S&P 500 company sports a 
P/E of 24.  The company also has a microscopic Price/Earnings Growth 
(PEG) ratio of 0.46 against the industry average of 1.15 and S&P 500 
average of 1.80.  For its earnings report on Thursday, July 26th 
analysts expect the company to report earnings of $1.30 per share, 
for the same period last year they earned 56-cents per share.  On 
an annual basis, the firm earned $4.16 per share last year and is 
forecast by analysts to earn $5.82 in the 2001 fiscal year. 

Why We Like It: 
Declining prices for crude and natural gas have driven most oil 
company shares sharply lower.  Since topping out near $69 in mid-May,
 the shares dropped until they bounced strongly off of the session 
low of $46.52 last Wednesday.  Since then they have managed to tack 
on $4.99, or 11-percent into Friday's close.  These were the most 
positive three days since just prior to the mid-May top.  It is 
beginning to appear the market has said enough is enough and is 
recognizing the oversold nature of these shares.  The next levels of 
upside resistance are at $55, $57.50, $60 and $62.50.  The shares 
clearly have enough momentum to tackle $55, if they can maintain 
this momentum, as evidenced by solid levels of volume, $62.50 is a 
reasonable shorter-term target.  Gut check time will occur next 
Thursday when a decision needs to made as whether to hold these 
shares over earnings.  At least until then the bulls are likely to 
maintain control.  

Updated Comments:
Higher natural gas prices and increased production enabled APC to 
top easily top consensus estimates when they released second-quarter 
earnings on July 26th.  The company reported per share earnings of 
$1.50.  The analysts consensus estimates were for $1.30 per share. 
 Although the shares of some natural gas companies have been under 
pressure as natural gas prices have dropped to around $3 per 
thousand cubic feet, Anadarko is quite happy with the situation.  
Their CEO Bob Allison said, " That's a pretty darned good price for 
gas. It's better than it has been in 10 years for any consistent 
period of time. All of our prospects work at $2.50 or $3 gas."

Investor's like what they are seeing.  Even though APC shares have 
risen from $46.52 on July 18th, their momentum remains strong.  On 
Friday, they broke through the 50-day moving average at $57.11 and 
made a solid move through and away from resistance at $57.50.  
Volume was good at 3.2 million shares traded, which provides further 
confirmation of bullish sentiment.  The next resistance level of 
$62.50 is within range and $67.50 does not seem to be so far away.  
Just is case the shares surprise us and decide to give back some of 
the ample gains we've made, we are tightening up our stop to $57.50.

Picked on July 20th at $51.51
Gain Since Picked:      +7.05
Earnings Date            7/26 (Confirmed)





==========
Watch List
==========

Citrix Systems, Inc. - CTXS - close: 35.04 change: +0.01

WHAT TO WATCH: Taking a hint from the NASDAQ, Citrix traded in 
a very narrow range through most of Friday.  The stock had been
building on its higher lows but shares have been unable to 
truly break out into a new bullish trend.  Buyers tried to hurdle 
the $35-$36 resistance back in late June and again on Thursday.  
Depending on your risk tolerance, traders could watch for possible
long play entries with a close over $36 or $37 two key resistance
levels set in June and January.  




---

Vitesse Semiconductor - VTSS - close: 19.32 change: +0.13

WHAT TO WATCH: With semiconductors in the news lately and the
semi index making gains, traders are watching for stocks that 
have room to move.  VTSS has been very beat up and the stock
has been trying to pick its way higher after its recent low 
near $15 a couple of weeks ago.  Our potential trigger to
watch on VTSS is a strong close over $20.  If this is 
accomplished, watch for resistance at $22 and $24.




---

Micromuse - MUSE - close: 15.09 change: +1.59

WHAT TO WATCH:  Talk about beat up, MUSE has been crushed along
with several other has-been high flyers.  This software solutions
company received a string of downgrades after warning that revenues
would drop in the current quarter and there was no relief until
March 2002.  It's possible investors feel there isn't any bad
news left to damage this company's prospects and the stock gained
over 11% in Friday's trading.  After spending two days bouncing
at $13 these hopeful investors might be right.  The stock has
resistance at $16 and again at the top of its gap at $17.50.
Watch for a close over $16 and let the stock fill the gap if we're
lucky it might be able to trade to $20 before pulling back.




---

Rite Aid - RAD - close: 9.06 change: +0.25

WHAT TO WATCH: The retail drug store chain with 3800 stores has
seen a very strong move from its late December 2000 low of 1.50.
With a run like that it's no surprise to see the stock 
consolidating from its high of $10 last month.  The stock appears
to have finished retracing and has cleared resistance at $9.
Conservative traders may want to wait another day to confirm
the move but we are encouraged by the very high volume on Friday.
7.2 million shares traded versus the average 4.1 million.  
Depending on your time horizon, traders can play the short-term
move as it makes a run for $10 or wait for the stock to clear $10
and see how far it can go.






-------------------------
-- Continuing to Watch --
-------------------------

Some stocks on the Watch List will be carried over from one day
to the next if they continue to show potential but have not yet
breached the trigger point.  Some stocks have met our conditions 
for a trigger point but other factors hold us back from making it
a full-time stock pick.

-------------------------


Cisco Systems Inc. - CSCO - close: 19.06 change: -0.32

UPDATE: No change from Thursday.

Thursday, July 26th's write up:

WHAT TO WATCH:  It seems that everyone is watching Cisco these 
days.  The stock has been unable to mount a serious comeback
after its recently failed rally from $14 to $24 (April/May).  
Traders should be watching for CSCO to close over resistance at 
$20.  Short-term players can probably play the 10% move to $22 
wherein lies the next level of serious resistance.  




---

Oracle Corp. - ORCL - close: 19.23 change: -0.18

WHAT TO WATCH: No change from Wednesday.

Wednesday, July 25th's write up:

POTENTIAL TRIGGER EVENT:  Oracle has been on and off the watch 
list for weeks as it continues to consolidate under heavy 
resistance at $20.  The stock set a new higher low yesterday 
near $18 and today's 5.9% move is impressive.  Our potential
trigger to go long is still a close over $20.






-------------------
POTENTIAL PLAYS NOW

These Watch List candidates have met yesterday's potential 
triggers and many could be great plays for the active trader
now.  We are going to watch list them for another day to see
if they confirm the move.  Choose your stop wisely if you
proceed to trade them.

-------------------


Altera Corp - ALTR - close: 30.34 change: +0.38

WHAT TO WATCH:  Yet another semiconductor stock on the list, ALTR
has rebounded sharply from its Wednesday low.  Once again traders
are offered a prospect at going long now that the share price
has closed over $30.  Last time we Watch Listed ALTR it gapped
up the next day and traded as high as $33.59.  We don't expect
a repeat performance but the stock could still trade its way
to another 10% gain over the next few days.  Keep your eyes on 
the SOX to help you anticipate direction for ALTR.  If you
really want to protect yourself consider a very tight stop
(one trader suggested $29.50 but stops are always a very personal
choice).  




---

AOL Time Warner - AOL - close: 45.14 change: +0.23

UPDATE: We got what we asked for - AOL over $45.  The stock 
actually traded as high as 45.75 before selling off towards
the close.  There always a ton of news on AOL so if you're 
going to take the plunge, better put on your reading glasses.
Don't forget a stop loss.

Thursday, July 26th's write up:

WHAT TO WATCH:  We can't have a list of tech stock big caps
without including AOL.  The stock has been consolidating 
between $43 and $44 since the 19th of July.  Bullish traders
might consider a long play if shares close above resistance
at $45.  However, be forewarned that the 200 & the 100-dma's
are directly overhead in the $47.50 area.




---

Sun Microsystems - SUNW - close: 16.29 change: +0.20

UPDATE: Okay, we hear you.  For days we've been talking about
a potential long play on SUNW if it closed over $16.  This is
the second day shares have managed to hold that close over $16.
Let us just say two things: 1) watch out for the 100-dma near
$17. and 2) play with a stop.  Maybe something tight like
15.75?  Enter passively and exit aggressively as the stock is
now up four days in a row and could need to pause or dip before
continuing higher (which might make 15.75 way too tight for a 
stop.  Gosh, no one said trading was easy).  It would be nice 
if buyers could produce some volume on this stock.  Where has 
everyone gone?

Thursday, July 26th's update:

WHAT TO WATCH: SUNW finally did it.  It managed to close over 
resistance at $16 but just barely.  A positive sign was the
slightly better than average volume.  We feel encouraged that
the stock has trigger our signal for a potential long play.
Nimble traders who can jump in and out quickly should consider
doing so.  The rest of us are going to watch this one for a
little more confirmation first.  FYI, the 50-dma = 16.36 and
the 100-dma = 17.00.





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The Premier Investor Network.
Do not duplicate or redistribute in any form.

PremierInvestor.net Newsletter          Weekend Edition 07-27-2001
                                                    section 2 of 3
Copyright  2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
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To view this email newsletter in HTML format with imbedded
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In section two:

Split Trader
  New Plays: No new Split Trader plays
  Play Updates: BMET, ATK, AAS  
  Closed Plays: No closed Split Trader Plays

Net Bulls
  New Plays: EMC Corp. - EMC (Bullish), InterCept - ICPT (Bullish)
  Long Term Play: Openwave Systems Inc. - OPWV 
  Bullish Play Updates: AHAA, RFMD
  Bearish Play Updates: No active Bearish plays
  Closed Plays: No closed plays for NetBulls

Stock Bottom / Active Trader
  New Plays: GBC Bancorp - GBCB (Bullish)
  Bullish Play Updates:.APC, NKE, RAIL
  Bearish Play Updates: No active Bearish plays
  Closed Bullish Plays: No closed Bullish plays for SB
  Closed Bearish Plays: PCII, CSGS


=================================================================
Split Trader (ST) section
==================================================================

===============
ST Play Updates
===============

  -----------------------
  SPLIT RUN Updates
  -----------------------

Biomet Inc. - BMET - close: 49.61 change: -0.88 stop: 45.50

We hope you were not surprised when shares of Biomet sold off
on Friday.  The good news is the stock was able to find some 
support near $49 intraday.  Bulls were able to push the stock up
off its lows and shares were gaining going into the close 
ahead of the weekend.  We still have six trading days in front
of us to let BMET deliver on a potential split run.  We will
likely drop it on August 7th when it is due to split 3:2.
If the broader markets can hold their ground, today's action
in BMET could be a nice entry point for those looking for
a long position.  Personally, our stop at 45.50 is still a
bit wide for my taste but the consensus here in the office
is that we don't want to get swung out prematurely.

Picked on July 25th @ $48.83
Gain since picked:    + 0.78 
Earnings Date:          N/A    (not confirmed)





  -----------------------
  SPLIT CANDIDATE Updates
  -----------------------

Alliant Tech - ATK - close: 98.81 change: +1.24 stop: 95.50 *new*

Interesting news!  Alliant Tech management may have heard our 
comments about a name change yesterday.  For those of you who
read Thursday's update, no, they did not rename themselves
the energizer bunny.  Instead, ATK Missile Products Company is
to become ATK Tactical Systems Company.  In April 2001, ATK 
completed their acquisition of Thiokol Propulsion and management
felt that the name change for their missile products company 
would help, and I quote, "reflects expanded product offering
and customer base" - PRNewswire press release.  The stock is 
still making gains but volume remains extremely weak.  I guess
we have to be happy with what we can get.  Don't forget that
ATK is a big split candidate.  Shareholders are to vote to 
increase authorized shares to 40M.  The company currently has
14.2M outstanding.  Plus, the stock previously split 3:2 back
in Nov. 2000 near the $90 level.  The odds seem to be in favor
of a split announcement with their earnings the next day on
August 8th, 2001.  Traders should notice that the share price
is getting closer to strong resistance between $100 - $101.
This will be the real test.  Since the stock keeps climbing
we're going to pull our stop up to $95.50 which is just over
our entry price.

Picked on July 24th @ $ 95.44
Gain since picked:      +3.37
Earnings Date:        8/08/01 (confirmed)




---

AmeriSource Health - AAS - close: 58.61 change: +1.11 stop: 52.00

One more step completed.  Both AmeriSource and Bergen Brunswig
have announced that they have complied with the FTC's request for
more information on their proposed merger.  Friday started the
30-day review period by the FTC on the merger that would create
one of the largest U.S. wholesalers of health-care products
(Reuters news). While the major markets traded sideways, AAS 
added more than a point but failed to close over $59.  Volume
was above average which is encouraging on a summer Friday.

Picked on July 26th @ $ 57.50
Gain since picked:    +  1.11
Earnings Date:        7/25/01 





==================================================================
Net Bulls (NB) section
==================================================================

============
NB New Plays
============

  ----------------
  New Bullish Play
  ----------------

EMC Corporation - EMC Close:$20.01 Change:+0.74 Stop:$18.50

Company Description:
The Hopkinton, Massachusetts-based company is the dominate player 
in data storage. EMC garnishes 26 percent of the external RAID 
market, 30 percent of the SAN and NAS markets, and 50 percent of 
the mainframe market.  The closest competitors in these market 
segments are 10 to 20 percentage points behind EMC in market share.  
Its refrigerator-sized Symmetrix redundant array of independent 
disks (RAID) storage systems combine small disk drives into groups 
to ensure data integrity. EMC's products manage and share data 
across different types of networked computers. The company targets 
data-intensive customers, Internet service providers and many 
leading airlines and banks. 
EMC is known for their customer service.  They consistently rank at
the top in independent customer satisfaction surveys.  An Information 
Week survey of 400 IT decision-makers rated the company #1 in five 
specific categories: Product Reliability, Interoperability Standards, 
Service-Level Guarantees, Product Innovation, and After-Sale Service.

Fundamentals: 
Analysts forecast the company will earn 34-cents per share on sales 
of $10.4 billion in 2001 and 45-cents on $13.1 billion in 2002.  Last 
year, the firm earned 79-cents on sales of $8.9 billion.  They have a 
current P/E of 25 and a forward 2001 one of 59.

Why We Like It: 
After being one of the absolute definitions of "high flyer", EMC 
shares have come back to earth.  Despite the drop the shares are 
still not cheap.  However, they seem to have found a hard bottom at 
$18.00 and recent momentum suggests the shares are ready to trade at 
a higher level.  On Friday, the shares squeezed past resistance at 
$20.00 on a rise in volume.  This indicates momentum is building 
sufficient to take the shares to resistance at $22 and possibly 
$25.  This may not seem like much but it would represent a gain of 
10 and 25-percent.  On the downside there is good support $19 and 
rock solid support at the before mentioned $18.00.  This sets up a 
relatively low-risk play on a very high quality company.  We will 
split the difference and start with a stop at $18.50.    

Picked on July 27th at $20.01
Gain Since Picked:      +7.05
Earnings Date            7/18 (Confirmed)




===

InterCept - ICPT Close:$35.00 Change:-0.26 Stop:$33.75

Company Description:
InterCept provides e-commerce and technology services to over 
1,800 community financial institutions.   These includes electronic 
funds transfer (EFT) services such as ATM withdrawals and balance 
inquiries through a variety of networks such as CIRRUS, PLUS, and 
PULSE, also Internet banking, check imaging and data communications 
management. In addiiton they provide core data processing through 
its BancPac and BancLine systems.  InterCept also owns nearly 30-
percent of Netzee, which provides online banking software to 
community banks.

Fundamentals: 
Analysts expect the company to earn 86-cents per share on revenue 
of $117 million in 2001 and $1.05 on $150 million in 2002.  Last 
year, the company earned 67-cents per share on sales of $55 million.
This gives the firm a current P/E of 52 and a forward 2001 P/E of 
41.  The industry average is 31.  It has a 2001 earnings growth rate 
of 28-percent (industry average is 2.2-percent) and a revenue growth 
rate of 113-percent.

Why We Like It: 
It is this company's hyper revenue and superb earnings growth rates  
 that have caught the fancy of investors.  This is not likely to slow 
anytime soon as smaller financial institutions are flocking to 
Intercept to provide the technology services that enables them to 
compete with larger banks.   In addition, the company has signed a 
strategic agreement to provide check processing and imaging services 
to customers of BISYS Group, one the largest providers of financial 
technology services in the U.S.  

After a sharp run up from $21.63 in March to $39.91 on June 29th, 
the shares spent most of July consolidating those gains.  That period 
seems to be at an end when the shares pulled away from support at $32 
last Wednesday.  Although Friday saw the stock dip slightly, it was on 
very low volume of 39k shares traded, well below the 127k daily 
average.  This suggests this dip was just a respite before the shares 
resume their upward movement.  The 52-week closing high is $38.00.  
If the shares can break resistance at $36, we believe they have the 
momentum to best $42, with an outside shot at $50 if the market can 
provide some assistance.  Traders should wait for this break of $36 
on solid volume before taking a position.  We will initiate this 
Bullish play with a stop at $33.75. 

Picked on July 27th at $31.10
Earnings Date            7/25 (Confirmed)





=================
NB Long Term Play
=================

Openwave Systems Inc. - OPWV July 27th close:$24.99 change:+1.29

Company Description:
The wireless industry may by better named the standardless 
industry.  Digital versus analog, CDMA versus GSM, the list of 
competing standards goes on and on making it difficult to pick 
out clear winners in this high growth sector.  There is one area 
where a standard does exist and it is dominated by Openwave.  If 
you ever browsed the Internet over your phone you probably used 
Openwave software and equipment.  Overseas, where wireless 
functionality is greater than in the US, people are not only 
browsing the Internet, they are online shopping, paying for 
vending machine purchases and sending each other instant messages 
using their mobile phone.  Regardless of where it is occurring, 
Openwave products are making it happen.

Openwave developed most of the technology supporting the wireless 
application protocol (WAP) standard.  This is a language that 
generates webpages for wireless devices.  The world's leading 
mobile phone manufacturers including Nokia, Ericsson and Motorola 
have licensed Openwave technology.  Openwave's browser is loaded 
into the software that runs Qualcomm's CDMA chipset and more than 
70 million web-surfing mobile phones.  Over 35 service carriers such 
as AT&T and Sprint PCS use Openwave's servers and big contract wins 
are expected in Europe.  

The company also announced a partnership with Internet equipment 
maker Cisco to build a system that would enable users to check 
email, voicemail and fax with one phone call.  The new system will 
allow carriers a complete messaging system that can be implemented 
by simply installing a software upgrade on existing Cisco equipment. 
 The company also announced that China Mobile Communications 
Corporation (CMCC) would use OPWV software to give wireless 
Internet access to its 66 million subscribers.  CMCC owns 
approximately 80-percent of China's fast growing wireless phone 
market.  There is little doubt that the exploding global demand for 
wireless Internet access goes through the front door of this 
Redwood City, California-based company.  

Fundamentals:
Openwave is one of the few tech companies that have consistently 
made aggressive growth estimates.  On July 24th the company 
announced its fiscal fourth-quarter and year-end results.  It 
reported a 150-percent increase in quarterly revenue to $144 million 
from the same period last year, and a jump in pro forma earnings 
from a loss of 3-cents per share to a profit of 11-cents.  Through 
its service carriers, they increased the number of Internet users 
by 25-percent (+4.2 million).

For the 2001 year the company earned 25-cents per share on a 577-
percent increase in revenue to $465 million.  Not bad for a company 
going through what they term a "transition year" in an economic 
downturn.  Their chairman and CEO Don Listwin said, "Fundamentally, 
we see the market going through a number of transitions and 
evolutions from 2G to 2.5G, so clearly we're not seeing a lot of 
marketing effort by the carriers as they're getting ready for the 
next-generation."  He added, "I do think we're going to see major 
growth opportunities in 2002 as these transitions move through."  

For the current fiscal year, analysts expect the firm to make 52-
cents per share on sales of $814 million.  In the following year, 
they are projected to earn 83-cents on $1.2 billion.  

Strategy: 
Openwave shares are not cheap; they have a current P/E of 100, a 
forward fiscal 2002 P/E of 48 and a 2003 P/E of 30.  However, these 
valuations are reasonable given the company's 2002 earnings growth 
rate of 108-percent, revenue growth of 75-percent and dominant 
position in an emerging global market.  Still, because of its high 
valuation, it is subject to overall market trends.  This means when 
the market tanks, it does too.  The patient investor will benefit by 
waiting for dip in the shares before taking a position.   Presently, 
the shares are experiencing a nice bullish run, which has brought 
them close to their upper trend line at $26.00.  Good entry points 
would be to wait for a strong move through this trend line, 
indicating the shares are moving into a higher trading range, or 
wait for a dip to under $22.00. 





===============
NB Play Updates
===============

  -----------------------
  NB Bullish Play Updates
  -----------------------

Alpha Industries - AHAA - close: 38.00 change: -0.90 stop: 33.50

Profit taking ahead of the weekend is the most logical answer.
Shares of AHAA should have been up today as the Semiconductor 
sector rose over 2% today.  The SOX actually closed over resistance
at 600 to 601.67 (okay, so it barely closed over it).  As of
yesterday's close AHAA was up over $4 on the week or almost a
12% gain.  As there was no news, we can guess that some traders
wanted to take some profits off the table before the weekend.
Shares actually appeared to open higher this morning and traded
above $40 before selling off and eventually closing near its
lows for the day.  Pullbacks are okay and expected but we would
hope they don't occur on larger than average volume which is 
exactly what occurred today.  If you're looking to enter this
one wait to watch it on Monday and see the uptrend continue.
Our gut is telling us it could pullback a little more before 
reversing.  A bounce between $36 and $37 might be the answer.

Picked on July 24th @ $36.00
Gain since picked:    + 2.00
Earnings Date:         10/17 (not confirmed)




---

RF Micro Devices - RFMD - close: 29.33 change: +1.54 stop: 25.00

In contrast to AHAA above, RFMD was more than happy to continue
the semiconductor rally.  As a matter of fact, shares of RFMD
gapped up and edged their way higher to close up 5.54% on the day.
The stock is now within striking distance of its first obstacle -
resistance at $30.  This will be the test for the bulls so don't
get to excited yet.  Even the SOX has some overhead resistance
shadowing its gains today.  We would suggest you be patient and
not chase RFMD.  Stocks tend to come back and fill any gaps they
make and that means this stock could easily pullback first before
moving higher and breaking through $30.  Watch for your entry
point and don't forget your stop.

Picked on July 26th @ $27.79
Gain since picked:    + 1.54
Earnings Date:         07/17 





==================================================================
Stock Bottom / Active Trader (AT) section
==================================================================

============
AT New Plays
============

  --------------
  New Long Plays
  --------------

GBC Bancorp - GBCB Close:$31.10 Change:+1.60 Stop:$28.50

Company Description:
GBC Bancorp is the holding company for General Bank, which operates 
some 20 branches in the Los Angeles, San Diego, and Silicon Valley 
areas; it also has a branch in the Seattle area and a loan production 
office in New York City. The bank offers such traditional banking 
services as checking and savings accounts, travelers checks, and 
safe-deposit boxes. Business loans make up about half of General 
Bank's loan portfolio; mortgages and construction loans are also 
about half of the portfolio. GBC Investment and Consulting provides 
international business services and develops the bank's Asian 
contacts through an office in Taiwan. Another subsidiary invests 
in venture capital funds.

Fundamentals: 
Analysts forecast the company will earn $2.83 per share in 2001 and 
$3.38 per share in 2002.  Last year, the company earned $2.99 per 
share.  The company is trading at a discount to its peers.  It has a 
current P/E of 10 and a forward 2001 one of 11.  The industry average 
P/E is 16.  The company has an annual 48-cent per share dividend.

Why We Like It: 
According to US Banker, a leading trade publication, GBC Bancorp 
was ranked the most profitable bank with assets between $1.12 billion 
and $2 billion in the U.S.  On Friday GBCB shares not only broke 
through the $29.50 resistance level that has held since early March, 
but for good measure took out the $30.53 200-day moving average as 
well.  This is what is called bullish momentum.  This momentum was 
further confirmed by trading volume, which at 223k shares traded was 
better than four times the 55k daily average.  Other that an upgrade 
from broker Jefferies & Co from hold to accumulate last Monday, there 
was no news to account for the sudden bullish move.  Still momentum 
is momentum and the shares look to have enough of it to take out the 
next level of resistance at $32.50 and test the $35 resistance level 
and possibly $38.  Support is nearby at the former formidable 
resistance level of $29.50.  We will start this play with a stop 
at $28.50.

Picked on July 27th at $31.10
Earnings Date            7/19 (Confirmed)





===============
AT Play Updates
===============

  -----------------
  Long Play Updates
  -----------------

Anadarko Petroleum APC Close:$58.56 Gain:+1.31 Stop:$57.50 NEW

I thought that Anadarko might run into some resistance at the 50-
day moving average today, but the stock blew right through it.  
APC has gained over $12 in 8 days.  Anadarko had a very similar 
move back on February 2, when the stock gained $14 over 11 days.  
After the eight day of the run, the stock got a little top heavy, 
and ended up giving back 50% of its profits.  We don't want that 
to happen here, so we are moving up our stop again, this time to 
$57.50.

Picked on July 20th at $51.51
Gain since picked:      +7.05
Earnings Date            N/A




===

Nike NKE Close:$46.80 Gain:-1.04 Stop:$44.00

Shares of Nike failed to add on to yesterday's gains.  The $1.04 cent 
drop is more than I like to see on any bullish pick, but it did stay 
above yesterdays low, and the 10-day moving average.  We are not overly 
concerned about the 10-day moving average since we like this stock for 
the longer term, but a close above that line does help to increase the 
odds of a breakout above resistance.

Picked on July 14th at $47.84
Gain since picked:      -1.04
Earnings Date            N/A




===

RailAmerica RAIL Close:$13.13 Gain:+0.13 Stop:$11.50

Rail gained 13 cents today, but more importantly it once again closed 
above $12.90.  Each close above that level makes it a better support 
level, and gives the 50-day moving average some time to keep rising to 
support prices.  $13.75 remains the next resistance point.

Picked on July 14th at $11.41
Gain since picked:      +1.92
Earnings Date            N/A


===============
AT Closed Plays
===============

  ------------------
  Closed Short Plays
  ------------------

Professional Detailing PDII Close:$64.70 Gain:-0.30 Stop:$67.25

PDII could still breakdown, but it looks like this stock is 
basing for a rally attempt.  We'll take our small gain and run.

Picked on July 18th at $70.00
Gain since picked:      +2.75
Earnings Date            N/A




===

CSG Systems CSGS Close:$51.51 Gain:-0.00 Stop:$49.00

We we're stopped out of CSGS when the stock failed to break 
support, and mounted a one-day rally.  

Picked on July 18th at $54.07
Gain since picked:      +2.75
Earnings Date            N/A





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PremierInvestor.net Newsletter         Weekend Edition 07-13-2001
                                                   Section 3 of 3
Copyright  2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
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In section three:
Expected/Likely Split Announcements For The Coming Week 
Market Watch for Week of July 23rd
   - Major Earnings
   - Board of Directors Meetings
   - Stock Splits
   - Economic Reports

=================================================================


=================================================
Expected/Likely Announcements For The Coming Week
=================================================
                                    Date Expected
Symbol   Company                    To Announce
=================================================
BSYS     BISYS Group Inc.               7/30**
ACS      Affliated Cmptr Srvcs          7/31
DPL      D P L Inc                      8/01**     

**Please see Write Up Below for Details
====================================================

BISYS Group Inc. - BSYS - close: 54.30 change: +0.54

PLEASE READ - We are listing BSYS as a potential candidate
to announce but honestly we don't expect them to do so 
anytime soon.  The stock last announced a 2:1 split when
it was trading near $78 back on Sept. 21st, 2000.  Shares
are currently trading much lower and thus we doubt management
would approve a split now.  The company has 58 million
shares outstanding with 160 million authorized to be issued.
We only list them because they are expected to announce
earnings on July 31st which is a common event that companies 
tend to announce things like a stock split.

 


---

Affiliated Computer Services - ACS - close: 83.20 change: +1.38

ACS has the kind of chart you don't see everyday.  Ever since
July 12th, 2000 (at $33.25) the stock has been in a constant
(long-term) uptrend.  The company last split 2:1 near the $60
level back in late 1996.  After such a run up it would not 
surprise us to see management declare a split as a stock
dividend.  Currently the company has about 50 million shares
outstanding and is authorized for up to 500 million.  Investors
are expecting ACS to announce earnings on July 31st which would
be a perfect time to announce a split.

 


---

D P L Inc, - DPL - close: 23.73 change: -0.21

PLEASE READ - DPL is another stock we are listing as a potential
announcement but we don't really have that much faith that an
such an event will come to pass in the near future.  The company
last announced a 3:2 split on Dec. 2nd, 1997 near $26.  Currently,
with just over 126 million shares outstanding and authorization
for 250 million, they do have enough available for another 3:2.
The reason we don't believe company management will announce one
this week with their earnings on August 1st is their falling 
stock price.  Shares have seen a constant fall from the $29 level
just two weeks ago.  If management wanted to announce a stock
split, why didn't they do so last quarter when their stock price
was higher?  Thus, we list it here to give you a heads up in
the off chance they surprise everyone.

 



==================================================
Market Watch for the week of July 23rd
==================================================

  ------------------------------------
  Major Earnings This Week
  ------------------------------------

Symbol  Company           Date         EPS Est   Comment

AGU    AGRIUM           Mon, JUL 30    0.40    After the Bell
AFC    ALLMERICA FIN.   Mon, JUL 30    1.13    After the Bell
ALO    ALPHARMA         Mon, JUL 30    0.28    After the Bell
AWK    AM. WATER WORKS  Mon, JUL 30    0.50    After the Bell
BSYS   BISYS GROUP      Mon, JUL 30    0.47    After the Bell
CHTR   CHARTER COMM.    Mon, JUL 30   -1.14    Before the Bell
COH    COACH            Mon, JUL 30    0.18    After the Bell
CTC    TELE CHILE       Mon, JUL 30   -0.06    After the Bell
CSGS   CSG SYSTEMS      Mon, JUL 30    0.50    After the Bell
DCEL   DOBSON COMM      Mon, JUL 30   -0.55    After the Bell
ELE    ENDESA SA        Mon, JUL 30    0.50    During the Day
EPD    ENTERPRISE PRO.  Mon, JUL 30    0.58     ---- N/A ----
EXPE   EXPEDIA          Mon, JUL 30    0.20    After the Bell
FHCC   FIRST HEALTH     Mon, JUL 30    0.25    Before the Bell
GSPN   GLOBESPAN        Mon, JUL 30    0.01     ---- N/A ----
HIG    HARTFORD FIN.    Mon, JUL 30    1.08    After the Bell
HTV    HEARST-ARGYLE    Mon, JUL 30    0.05    Before the Bell
HUM    HUMANA           Mon, JUL 30    0.15    Before the Bell
IDA    IDACORP HOLDING  Mon, JUL 30    0.66    After the Bell
JP     JEFFERSON_PILOT  Mon, JUL 30    0.75    After the Bell
MVSN   MACROVISION      Mon, JUL 30    0.18    After the Bell
MRCY   MERCURY COMP     Mon, JUL 30    0.36    After the Bell
MCY    MERCURY GEN.     Mon, JUL 30    0.44     ---- N/A ---- 
NFS    NATIONWIDE FIN.  Mon, JUL 30    0.89    After the Bell
NRD    NORANDA INC      Mon, JUL 30    N/A      ---- N/A ---- 
OGE    OGE ENERGY       Mon, JUL 30    0.39    Before the Bell
PH     PERKER HANNIFIN  Mon, JUL 30    0.53     ---- N/A ---- 
PSO    PEARSON PLC      Mon, JUL 30    N/A     Before the Bell
STR    QUESTAR          Mon, JUL 30    0.33     ---- N/A ---- 
RCII   RENT-A-CENTER    Mon, JUL 30    0.74    After the Bell
RSG    REPUBLIC SRVCS   Mon, JUL 30    0.34    After the Bell
SCI    SCI SYSTEMS      Mon, JUL 30    0.27    After the Bell
SKYW   SKYWEST          Mon, JUL 30    0.30    Before the Bell
TLM    TALISMAN ENERGY  Mon, JUL 30    0.84     ---- N/A ---- 
TRLY   TERRA LYCOS,     Mon, JUL 30   –0.12    Before the Bell
TOM    TOMMY HILFIGER   Mon, JUL 30    0.08    Before the Bell
TRI    TRIAD HOSPITALS  Mon, JUL 30    0.05    After the Bell
TSN    TYSON FOODS      Mon, JUL 30    0.07     ---- N/A ---- 
WMB    WILLIAMS COMP    Mon, JUL 30    0.54    After the Bell

-------------------------------------------------------------

ACE    ACE LIMITED      Tue, JUL 31    0.47    Before the Bell
ACS    AFFILIATED COMP  Tue, JUL 31    0.66     ---- N/A ---- 
AU     ANGLOGOLD LTD    Tue, JUL 31    0.34    Before the Bell
BEV    BEVERLY ENT.     Tue, JUL 31    0.09    Before the Bell
BVF    BIOVAIL CORP     Tue, JUL 31    0.28    Before the Bell
BTI    BRIT. AM. TOBAC  Tue, JUL 31    0.45     ---- N/A ---- 
CAH    CARDINAL HLTH    Tue, JUL 31    0.58     ---- N/A ---- 
CECO   CAREER EDUCATION Tue, JUL 31    0.19    After the Bell
CMX    CAREMARK RX      Tue, JUL 31    0.16     ---- N/A ---- 
CZ     CALANESE AG      Tue, JUL 31    0.24     ---- N/A ---- 
GIB    CGI GROUP        Tue, JUL 31    N/A     Before the Bell
CAM    COOPER CAMERON   Tue, JUL 31    0.46     ---- N/A ----
CVH    COVENTRY HEALTH  Tue, JUL 31    0.28     ---- N/A ----
CRWN   CROWN MEDIA HLDG Tue, JUL 31   -0.71    Before the Bell
CVS    CVS              Tue, JUL 31    0.48     ---- N/A ----
EDMC   EDUCATION MGMT   Tue, JUL 31    0.12    Before the Bell
EC     ENGELHARD        Tue, JUL 31    0.44    Before the Bell
ETR    ENTERGY          Tue, JUL 31    0.95     ---- N/A ----
EOG    EOG RESOURCES    Tue, JUL 31    0.93    Before the Bell
EOP    EQUITY OFFICE    Tue, JUL 31    0.78    Before the Bell
FLA    FLORIDA E. CST   Tue, JUL 31    N/A     Before the Bell
FLR    FLUOR            Tue, JUL 31    0.43    After the Bell
FMC    FMC              Tue, JUL 31    1.58    Before the Bell
FMS    FRESENIUS MEDCL  Tue, JUL 31    0.21     ---- N/A ----
GGP    GENERAL GROWTH   Tue, JUL 31    1.08    During the Day
HNT    HEALTH NET       Tue, JUL 31    0.38    Before the Bell
HRC    HEALTHSOUTH      Tue, JUL 31    0.20     ---- N/A ----
HM     HOMESTAKE MING   Tue, JUL 31    0.00    After the Bell
IM     INGRAM MICRO     Tue, JUL 31   -0.03    After the Bell
IRM    IRON MOUNTAIN    Tue, JUL 31   -0.06    Before the Bell
KIM    KIMCO REALTY     Tue, JUL 31    1.10     ---- N/A ----
KLAC   KLA-TENCOR       Tue, JUL 31    0.26     ---- N/A ----
MFC    MANULIFE FIN.    Tue, JUL 31    0.40     ---- N/A ----
MC     MATSUSHITA ELC   Tue, JUL 31    N/A      ---- N/A ----
MIR    MIRANT CORP      Tue, JUL 31    0.46    After the Bell
NI     NISOURCE         Tue, JUL 31    0.06    Before the Bell
ORN    ORION POWER      Tue, JUL 31    0.19    After the Bell
PER    PEROT SYSTEMS    Tue, JUL 31    0.14    Before the Bell
PSC    PHILAD SUB.      Tue, JUL 31    0.27    Before the Bell
PCLN   PRICELINE.COM    Tue, JUL 31    0.01    After the Bell
PL     PROTECTIVE LIFE  Tue, JUL 31    0.57    Before the Bell
RCGI   RENAL CARE GRP   Tue, JUL 31    0.37    After the Bell
RSE    ROUSE            Tue, JUL 31    0.84     ---- N/A ----
IMI    SANPAOLO IMI     Tue, JUL 31    N/A      ---- N/A ----
APP    SAPPI LTD ADS    Tue, JUL 31    0.20     ---- N/A ----
SVM    SERVICEMASTER    Tue, JUL 31    0.19     ---- N/A ----
RIG    TRANSOCEAN SEDCO Tue, JUL 31    0.25    Before the Bell
OIL    TRITON ENERGY    Tue, JUL 31    0.52     ---- N/A ----
UMC    UTD MICROELEC    Tue, JUL 31   -0.01    Before the Bell
VZ     VERIZON COMM     Tue, JUL 31    0.77     ---- N/A ----
WRI    WEINGARTEN RLTY  Tue, JUL 31    1.14    After the Bell
WSH    WILLIS GRP       Tue, JUL 31    0.11    Before the Bell

---------------------------------------------------------------

ACTR   ACTERNA          Wed, AUG 01    0.07    After the Bell
AIB    ALLIED IRISH BNK Wed, AUG 01    N/A     ---- N/A -----
AT     ALLTEL CORP      Wed, AUG 01    0.71    Before the Bell
APU    AMERIGAS PARTN   Wed, AUG 01   -0.53    ---- N/A -----
APPB   APPLEBEES INTRL  Wed, AUG 01    0.47    After the Bell
ARI    ARDEN REALITY    Wed, AUG 01    0.75    Before the Bell
ASE    ASE TEST LIMTD   Wed, AUG 01   -0.10    After the Bell
AX     ASIA GLBL CROSS  Wed, AUG 01   -0.16    After the Bell
VNT    CANTV            Wed, AUG 01    0.19    After the Bell
CI     CIGNA            Wed, AUG 01    1.77    Before the Bell
CMS    CMS ENERCY       Wed, AUG 01    0.42    Before the Bell
CMCSK  COMCAST          Wed, AUG 01   -0.31    After the Bell
CTCO   COMNWTH TEL ENT  Wed, AUG 01    0.26    Before the Bell
CSC    COMP SCIENCE     Wed, AUG 01    0.27    After the Bell
EOC    ENDESA CHILE     Wed, AUG 01    0.11    ---- N/A ----   
ENI    ENERSIS SA ADS   Wed, AUG 01    0.00    ---- N/A ----    
FLM    FLEMING COMP     Wed, AUG 01    0.41    Before the Bell
GX     GLOBAL CROSSING  Wed, AUG 01   -0.84    After the Bell
GRP    GRANT PRIDECO    Wed, AUG 01    0.10    Before the Bell
MCLD   MCLEOD USA       Wed, AUG 01   -0.32    After the Bell
MTP    MONTANA POWER    Wed, AUG 01    N/A     Before the Bell
NWL    NEWELL RBERMD    Wed, AUG 01    0.29    Before the Bell
OEI    OCEAN ENERGY     Wed, AUG 01    0.43     ---- N/A ----   
OHP    OXFORD HEALTH    Wed, AUG 01    0.56    Before the Bell
PCG    PG&E             Wed, AUG 01    0.71     ---- N/A ----
PIO    PIONEER CORP     Wed, AUG 01    N/A      ---- N/A ----    
SPW    SPX              Wed, AUG 01    1.50     ---- N/A ----
SYY    SYSCO            Wed, AUG 01    0.25    Before the Bell
TZH    TRIZEC HAHN      Wed, AUG 01    0.52     ---- N/A ----   
VSH    VISHAY INTERTECH Wed, AUG 01    0.23     ---- N/A ----   
WEN    WENDY’S INT      Wed, AUG 01    0.47     ---- N/A ----  
WEA    WESTFIELD AM     Wed, AUG 01    0.47     ---- N/A ----   
WGL    WGL HLDGS        Wed, AUG 01   -0.14    After the Bell
WCG    WILLIAMS COMM    Wed, AUG 01   -0.57    Before the Bell

---------------------------------------------------------------


AFG    AM FINANCIAL     Thu, AUG 02    0.37    Before the Bell
AMT    AM TOWER         Thu, AUG 02   -0.54    Before the Bell
AVZ    AMVESCAP PLC     Thu, AUG 02    0.33    Before the Bell
AOC    AON CORPORATION  Thu, AUG 02    0.44     ---- N/A ----    
AVE    AVENTIS          Thu, AUG 02    N/A      ---- N/A ----
BCS    BARCLAY PLC      Thu, AUG 02    N/A      ---- N/A ----   
CCS    CAMECO           Thu, AUG 02    N/A      ---- N/A ----
CRL    CHARLES RVR LAB  Thu, AUG 02    0.21    After the Bell
CAN    CAN FNCIAL CORP  Thu, AUG 02    0.65    Before the Bell
CXR    COX RADIO        Thu, AUG 02    0.04    Before the Bell
DVA    DAVITA           Thu, AUG 02    0.24     ---- N/A ----
DVN    DEVON ENERGY     Thu, AUG 02    1.38     ---- N/A ----   
FSH    FISHER SCI. INT  Thu, AUG 02    0.21    Before the Bell
GOLD   GOLD FIELDS LMTD Thu, AUG 02    0.08     ---- N/A ----   
HAN    HANSON PLC       Thu, AUG 02    N/A      ---- N/A ----   
HSP    HISPANIC BRDCTG  Thu, AUG 02    0.08    After the Bell
ICN    ICN PHARMACEUT.  Thu, AUG 02    0.24    Before the Bell
JHF    JOHN HANCOCK     Thu, AUG 02    0.63    After the Bell
LTR    LOEWS            Thu, AUG 02    1.73    Before the Bell
MBI    MBIA             Thu, AUG 02    0.94    Before the Bell
MDP    MEREDITH         Thu, AUG 02    0.38    Before the Bell
NEM    NEWMOUNT MINING  Thu, AUG 02   -0.05    Before the Bell
OCR    OMNICARE         Thu, AUG 02    0.23    Before the Bell
PWG    POWERGEN PLC     Thu, AUG 02    N/A      ---- N/A ----   
PDLI   PROTEIN DESIGN   Thu, AUG 02    0.06    After the Bell
ROIA   RADIO ONE        Thu, AUG 02   -0.16    Before the Bell
RTP    RIO TINTO PLC    Thu, AUG 02    N/A      ---- N/A ----
RD     ROYAL DUTCH      Thu, AUG 02    0.96    Before the Bell
SLE    SARA LEE         Thu, AUG 02    0.36    Before the Bell
SC     SHELL TRANS      Thu, AUG 02    0.84     ---- N/A ----
TLD    TDC              Thu, AUG 02    N/A     Before the Bell
TWSTY  TELE WEST COMM   Thu, AUG 02    N/A      ---- N/A ----  
UPM    UPM-KYMMENE GRP  Thu, AUG 02    N/A     Before the Bell
DIS    WALT DISNEY      Thu, AUG 02    0.21    After the Bell

-----------------------------------------------------------------

BNN    BLOUNT INT.      Fri, AUG 03    N/A      Before the Bell
CRE    CARRAMERICA      Fri, AUG 03    0.08     Before the Bell
FUN    CEDAR FAIR LP    Fri, AUG 03    0.39     ---- N/A -----
CGI    COMMERCE GRP     Fri, AUG 03    0.67     After the Bell
E      ENI SPA ADR      Fri, AUG 03    N/A      ---- N/A -----
ETH    ETHAN ALLEN INT  Fri, AUG 03    0.47     ---- N/A -----
MAS    MASCO            Fri, AUG 03    0.29     ---- N/A -----
IX     ORIX             Fri, AUG 03    N/A      ---- N/A -----
UNEWY  UNITED BUS CORP  Fri, AUG 03    N/A      ---- N/A -----


------------------------------------
Board of Director Meetings This Week
------------------------------------

Symbol     Company                 Date   

CCC        Calgon Carbon           7/30
FFKT       Farmers Capital Bank    7/30
---------------------------------------
BN         Banta Corp.             7/31
HME        Home Properties of NY   7/31
HRH        Hilb, Rogal & Hamilton  7/31
IO         Input/Output Inc.       7/31
WFSI       WFS Financial           7/31
---------------------------------------
BGG        Briggs & Stratton       8/01
---------------------------------------
NEB        New England Business    8/03


  -------------------------------
  Upcoming Stock Splits This Week
  -------------------------------

Symbol  Company Name                  Payable Date      Ratio


HRB  - H&R Block                     08/01/2001         2:1


  --------------------------
  Economic Reports This Week
  --------------------------

There are still a number of earnings announcements due to come
out this week.  Any disastrous numbers from the remaining big 
players in the market are likely to cast more of a shadow than 
some of these economic reports.  Despite that, both market 
analysts and institutional investors will be looking at the 
economic data to confirm or delay the hope that a recovery may 
be on the way.


Date                          Forecast     Previous

Monday, 07/30/01
 None scheduled

Tuesday, 07/31/01
PCE (Jun)                         0.3%         0.3%
Personal Income (Jun)             0.2%         0.2%
Chicago PMI (Jul)                42.5%        44.4%
Consumer Confidence (Jul)       118.5        117.9

Wednesday, 08/01/01
Auto Sales (Jul)                 6.4M         6.4M
Truck Sales (Jul)                7.4M         7.6M
Construction Spending (Jun)      0.1%         0.3%
NAPM Index (Jul)                44.5%        44.7%

Thursday, 08/02/01
Initial Claims (July 28)         N/A          366K
Factory Orders (Jun)             -1.0%        2.3%

Friday, 08/03/01
Average Workweek (Jul)           34.3         34.3
Hourly Earnings (Jul)            0.3%         0.3%
Nonfarm Payrolls (Jul)           -50K         -114K
Unemployment Rate (Jul)          4.6%         4.5%
NAPM Services (Jul)             51.0%        52.1%


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