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Daily Newsletter, Monday, 08/13/2001

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PremierInvestor.net Newsletter                 Monday 08-13-2001
                                                  section 1 of 2
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 one:

Market Wrap: Bias Revisited
Market Sentiment: Chips Play Second Fiddle
Play-of-the-Day: Newmont Mining Corp - NEM (Bullish)
Watch List: Soooooo Close

-----------------------------------------------------------------
U.S. Market Numbers
-----------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
-----------------------------------------------------------------
        08-13-2001        High      Low     Volume Advance/Decline
DJIA    10415.90 -  0.40 10445.80 10367.10  842 mln   1661/1425	
NASDAQ   1982.20 + 25.80  1986.33  1951.46 1.13 bln   2013/1669
S&P 100   610.49 -  0.92   612.46   607.88   totals   3674/3094
S&P 500  1191.29 +  1.13  1193.82  1185.12           
RUS 2000  477.60 +  2.08   478.89   474.88
DJ TRANS 2935.41 - 25.36  2964.47  2815.45
VIX        23.24 +  0.43    23.86    23.08
Put/Call Ratio      0.54
-----------------------------------------------------------------

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

Bias Revisited by Eric Utley

Well, Jeff Bailey called Monday's price action pretty closely
last Friday.  For those who missed it, Jeff forecasted that
Software stocks would trade lower while Semiconductor stocks
would trade higher during Monday's session.

The two stocks that Jeff focused on were PeopleSoft (NASDAQ:PSFT)
for his bearish bet and Vitesse Semiconductor (NASDAQ:VTSS) for
his bullish bet, in accordance with his views on the Software
Sector (GSO.X) and the Semi Sector (SOX.X).

So let's take a look at what happened Monday and where we're
headed with these two stocks, from my (Eric Utley) point of
view.

On the surface, the GSO and SOX finished Monday's session
even.  For its part, the GSO gained 1.75 percent while the SOX
also tacked on 1.75 percent - literally even.  Meanwhile, shares
of PeopleSoft gained 4.26 percent while shares of Vitesse gained
4.15 percent - again, very close.

But digging a little deeper reveals something of interest
concerning Bailey's Bias.  Of the 100 stocks that comprise the
Nasdaq-100, 20 belong to the software sector.  And of those 20,
five finished lower during Monday's session.  Elsewhere, all 17
chip stocks that belong to the Nasdaq-100 finished solidly
higher.  The quote sheet below visually displays what I've just
set forth:





But because the SOX and GSO finished virtually even during
Monday's session, we're left with a bit of a mixed picture.
Therefore, we might draw a few conclusions.  It is possible
that the buying in the software sector was deliberate and
focused in a bi-polar fashion.  That is, a minority of the
stocks within the group attracted the majority of buying
interest, resulting in somewhat on an artificial advance.  The
fact that five stocks lost ground in the software sector
Monday, and even more only fractionally advanced may imply
inherent weakness within the group as a whole.

Conversely, the vast majority of chip stocks registered solid
advances across the group, with the exception of Applied
Materials (NASDAQ:AMAT), which only tacked on 0.74 percent and
may be suffering from earnings jitters ahead of its report
Tuesday after the bell.  Nevertheless, internally, the Semi
sector displayed more strength than the Software sector, and
much of that may be attributable to the Goldman Sachs
upgrade of chip stocks.  Still, we'll defer to the law of
supply and demand.

Using Jeff's fitted retracement bracket on the GSO, it's clear
that demand and supply reached a balance around the 175 level,
from which the GSO advanced Monday.  At this point, in terms
of risk management, if the GSO continues advancing, traders
can employ a mental stop at either last Friday's high at 181.88
or last Thursday's high at 183.45.  But if the internal weakness
we detected through our rudimentary analysis prevails, we may
see the GSO reverse back down towards the 175 level this week.




On the chart of the SOX below, I've laid a simple declining
retracement bracket instead of "fitting."  As anchor points, I've
used the SOX's relative high in late January at 763 and its
relative low in April at 453.  (I've found that this particular
retracement bracket has been a good general indicator for the
risk/reward dynamic in the SOX.)





As seen on the chart, the SOX bounced from its 38.2 percent
retracement level around 572 last Friday.  At this point,
bullish traders in, for instance, Vitesse might be watching
this index as it approaches a possible resistance level around
608.  Failure to follow-through beyond the 50 percent
retracement level around 608 may be a cause for bullish
traders to tighten stops.

The difference between pikers and pros is how the two assess and
manage risk.  At this point in the trades Jeff set-up, a trader
who entered both should be virtually flat.  But now the difficult
part of the endeavor must be managed: risk.  The PeopleSoft
position is going against the bearish bias bestowed upon the
software sector.  As such, at some point depending upon risk
tolerance, a trader needs to admit her or his error and cut
losses, while letting the winner run.  That may involve a
percentage loss or a mental stop; either way, discipline is a
necessity and so is an action plan.  The winner currently in
this case is Vitesse.  Now, it's very possible that the roles
are reversed in Tuesday's session, whereas we may witness a
weak market and sectors (GSO and SOX).  If that scenario plays
out, a trader needs to be prepared and that comes with
discipline and planning.


*******************************************************************
FREE ONLINE SEMINAR - This Wednesday, August 13 at 10:00 PST

If you wanted to try one for free, well here it is!!

PreferredTrade will be conducting a LIVE trading demonstration
during the market hours on Wednesday.  

Learn about Direct Access Trading and ask your questions LIVE.

Here are the instructions to attend:
No need to register all you have to do is show up.
1. Click on this link: http://premier.webex.com
2. Click on Join Meeting for the meeting titled: 
   Direct Access Trading with PreferredTrade
3. The password is: profit

It will be a good idea to sign on 15 minutes before the start.

See you there!


>>>>>  Also.... Don't miss this tomorrow night.  <<<<<


ONLINE SEMINAR - Expiration Week info for you to use immediately!!

In response to overwhelming request for more how-to info 
on day trading, Austin Passamonte has revised and enhanced 
his previous web cast seminar. 

Included are more:
-specific entry points
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-trade management tactics for stocks, options and e-mini futures

More charts, more specifics, more advanced info for those 
who seek the fine points of trading frequent, profitable 
moves in your favorite market


Tuesday - August 14th, 8:00 pm PST 
Austin will be giving an updated presentation of 
"Optimize Your Day Trading Skills."

Click here to sign up or for more information:
http://www.premierinvestorseminars.com/onlineseminars/austin081401.asp

******************************************************************


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

Chips Play Second Fiddle by Jeffrey Canavan

Goldman Sachs tried to light a fire under semiconductor stocks by 
saying, "The recovery writing is on the wall, and we don't see 
how investors will be able to resist this inflection point."  
Perhaps we will be able to resist this inflection point because 
next week some other analyst will come out and say, "After 
conducting channel checks, we see no reason to believe that the 
semiconductors have bottomed."  I believe Ari Weinberg at The 
Industry Standard sums it up best by saying, "Given the recent 
debate about the semiconductor industry, it's clear that the only 
companies with a clue on the state of chips are Frito-Lay and 
Toll House."

Biotechnology Index Daily Chart



When investors resisted the semiconductor inflection point this 
morning, Biotechnology stepped up and took the lead, gaining 4.67 
percent.  On Thursday the Biotechnology Index (BTK.X) bounced off 
of support at the top of the April double bottom pattern at 473.  
Friday the index failed to mount any kind of follow through, but 
finally did today.  Tomorrow biotechs will have to deal with the 
recent downtrend, and the resistance at 550.

Gold and Silver Index Daily Chart




Today's honorable mention award goes to the Gold Index (XAU.X).  
Thursday's big moved looked like a one day wonder when the index 
failed to clear resistance at 56.41 and sold off on Friday.  But 
more talk of a falling dollar, and rising gold futures had gold 
stocks shining again today.  Today's 2.68 percent gain put XAU 
above resistance at 56.41, but I would like to see it close above 
that level for a few days before I get excited about gold stocks.  
Most of the gains in gold futures are being attributed to short 
covering, and not any shift in demand.  The World Gold Council 
reported a 3% drop in demand for gold in the second quarter.  
Take your pick, technicals or fundamentals.   

Retail Index Daily Chart




The sector to watch tomorrow is retailing.  Another batch of 
retail sales is released at 8:30 EST, and Wal-Mart, J.C. Penny, 
Office Max and Home Depot report earnings before the bell.  Wal-
Mart has already come out and said that back to school sales are 
slower than expected, so a bearish tone could be set early.  Keep 
an eye on support at 877.54 for the Retail Index (RLX.X).


*************************Sector Watch****************************

            Support                Close              Resistance
DJIA       |10,200  |      |      |10416 |      |      |  10,600|
NASD       | 1,940  |      | 1982 |      |      |      |   2,125|
S&P 500    | 1,170  |      | 1191 |      |      |      |   1,240|
Rus 2000   |   465  |      |      |  478 |      |      |     495|
Semis      |   535  |      |      |  603 |      |      |     660|
Biotech    |   473  |      |      |  518 |      |      |     550|
Internet   |   121  |      |      |  139 |      |      |     160|
Networking |   300  |      |  322 |      |      |      |     365|
Software   |   174  |      |  180 |      |      |      |     200|
Banking    |   650  |      |      |  677 |      |      |     685|
Retail     |   858  |      |  881 |      |      |      |     920|
Drugs      |   380  |      |      |  397 |      |      |     410|

Support Alerts: Internet, Software, Retail
Resistance Alerts: Banking  
            _______________________________________________
           |   Long    |   Short   | Strength  | Relative   |
           |   Term    |   Term    |    of     | Strength   |
           |   Trend   |   Trend   |  Trend    | vs S&P 500 |
DJIA       |  Bearish  |  Bearish  |   Weak    |  Neutral   |
NASD       |  Bearish  |  Bearish  |   Weak    |  Neutral   |
S&P 500    |  Bearish  |  Bearish  |   Weak    |    --      |
Rus 2000   |  Bearish  |  Bearish  |   Weak    |  Neutral   |
Semis      |  Bearish  |  Bearish  |   Weak    |  Neutral   |
Biotech    |  Bearish  |  Bearish  |   Weak    |  Neutral   |
Internet   |  Bearish  |  Bearish  |   Strong  |  Negative  |
Networking |  Bearish  |  Neutral  |   Weak    |  Neutral   |
Software   |  Bearish  |  Bearish  |   Gaining |  Negative  |
Banking    |  Bullish  |  Bullish  |   Gaining |  Positive  |
Retail     |  Bullish  |  Bearish  |   Weak    |  Neutral   |
Drugs      |  Neutral  |  Neutral  |   Weak    |  Positive  |

            _____________________________________
           | Short-Term  |          | Point and |
           | Overbought/ | Momentum |   Figure  |
           | Oversold    |          |   Signal  |
DJIA       | Oversold    |  Flat    |   Sell    |
NASD       | Oversold    |  Flat    |   Sell    |
S&P 500    | Oversold    |  Flat    |   Sell    |
Rus 2000   | Oversold    |  Flat    |   Sell    |
Semis      | Oversold    |  Rising  |   Buy     |
Biotech    | Oversold    |  Rising  |   Sell    |
Internet   | Oversold    |  Flat    |   Sell    |
Networking | Oversold    |  Flat    |   Buy     |
Software   | Oversold    |  Flat    |   Sell    |
Banking    | AP OS       |  Rising  |   Buy     |
Retail     | Oversold    |  Falling |   Sell    |
Drugs      | Neutral     |  Rising  |   Buy     |
             AP OB = Approaching Overbought
             AP OS = Approaching Oversold

*****************************************************************


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

Newmont Mining Corp - NEM Close:$20.95 Change:+0.90 Stop:$18.50

Original Comments When Selected On August 9th:

Company Description:
The company is the world's second largest gold producer, its Carlin 
(Nevada) Trend and other North American operations produce about 
65-percent of its total gold production. Newmont acquired Battle 
Mountain Gold, with four mines (two in Canada and one each in 
Bolivia and Australia) in 2001. Newmont also has a 51-percent stake 
in Peru's Yanacocha Mine and produces gold through operations in 
Mexico (44-percent owned La Herradura), Uzbekistan (50-percent 
owned Zarafshan-Newmont), and Indonesia (80-percent owned 
Minahasa). Batu Hijau, a 56-percent owned Indonesian mining 
project, produces gold and copper. Newmont's proven and probable 
reserves total 66.3 million ounces of gold and 6.1 billion pounds 
of copper. Over the next five years, the company has plans:  to 
produce at least 5 million oz. annually; reduce cash costs to below 
$160 an oz.; raise annual production at Yanacocha in Peru to over 
2.5 million oz.; cut the ratio of net debt to total capital to 25% 
to 30% within three years; and reinforce its commitment to 
community development, environmental responsibility and employee 
safety.

Fundamentals: 
Analysts project the company will lose 9-cents per share this year 
on sales of $1.7 billion and to earn 35-cents on $1.9 billion in 
2002.  Last year, the company lost 8-cents on $1.55 billion.  
Analysts estimate the company will sport earnings growth of 28.5 
percent for the next five years as opposed to the industry average 
of 13.86-percent.

Why We Like It: 
There are a number of factors boosting the shares of gold 
producers; a weakening dollar, slumping US equities and low 
yielding bonds are losing their attraction for many investors.  In 
addition consumption is outstripping production and gold 
inventories at COMEX warehouses are dropping.  This has driven gold 
futures to climb $6 an ounce on Thursday to their highest level in 
six weeks.  Newmont Mining shares joined in and pulled out of a 
base to gain $1.36 on the day.  Trading volume 74-percent higher 
than the daily average, suggests the bulls are running.  With 
strong momentum and a positive business outlook, we have a shorter 
-term price target of $24 and a longer term one of $29.00.  
Conservative traders can wait for a break above $21 to present an 
attractive entry. 

Updated Comments:
Gold futures rose for the fourth consecutive trading session 
driving shares of shares of gold producers higher.  NEM shares 
joined the party, breaking through resistance at $20.60.  This puts 
our short-term $24 target square in our sites and increases the 
possibility of a run on our longer-term $29.00 price objective.

Picked on August 9th at $20.50
Gain Since Picked        +0.45
Earnings Date            11/1 (Not Confirmed)





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

Amsurg Corp - AMSG close:29.00 change:+1.35

WHAT TO WATCH:  The weekly chart on the health service provider is 
bullish and with a strong Monday move out of a consolidation, these 
shares looks ready for the next leg up.




---

Intersil Corporation - ISIL close: 42.36 change: +3.16 

WHAT TO WATCH:  There's been a lot of positive buzz about his 
wireless chipmaker.  ISIL shares got a boost when Cisco reported 
that orders for wireless local area network products were above 
expectations.  Intersil makes chip for these products.  Monday saw 
this stock shares break big time resistance at $40 on rising 
volume.  Don't chase these shares - a $3.16 one day move ought to 
bring out some profit-takers before the shares point up again.  
Wait for a dip back to support at in the $41 to 
$40 range to present an attractive entry point.





-------------------------
-- 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.

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

UPDATE:  No change in outlook, still waiting.

Friday, August 10th's write-up:

Kulicke and Soffa - KLIC - close: 14.72 change: +0.12

WHAT TO WATCH:  Shares of KLIC have been in a trading range for
months.  Friday's trading saw the stock bounce off of support at
$14, support at the 200-dma and the bottom of this four month
long trading range.  KLIC is offering a nice risk reward ratio
if you're interested in trying to play the trip back up to the 
top of the channel.  Our short-term price objective would be
$18.25 if the channel holds.




---

UPDATE:  No change in outlook.

Friday, August 10th's write-up:

General Electric - GE - close: 42.23 change: -0.34

WHAT TO WATCH:  For years, people have looked to GE as a proxy 
for the market wrapped up in one stock.  What's interesting is
that GE has actually been weighing down the DJIA since it broke
down a few weeks ago.  Hopefully, that might be changing.  GE
has been basing between $41 and $43 for the last six days.  
Investors should be watching GE for a potential turnaround if it 
closes over $43 or a new leg down if it breaks through $41.  
Whatever the case the trip will likely be slow and bumpy with 
different levels of support and resistance existing in both 
directions every couple of dollars.




---

Office Depot - ODP - close: 12.21 change: +0.21

UPDATE:  Monday was a nice day for the shares.  Another one just 
like it could be the start of the next leg up.

Friday, August 10th's write-up:

WHAT TO WATCH:  You may not be able to tell by the chart (or
even some of the charts of its competitors) but our in-house
analysts think this little industry group may be under accumulation.
ODP rocketed up a couple of weeks ago and after failing to break
through resistance at $13 we are seeing some consolidation as
traders take some gains and new buyers search for an entry point.
This will be one you should look at every couple of days for 
the rest of the month.  Why?  We are interesting in seeing an 
established base for a potential long play.  It's quite possible
shares come all the way back to 10.50 to fill the gap but that
wouldn't be very bullish then would it.




---

Tyco Intl Ltd - TYC - close: 53.60 change: -0.17

UPDATE:  Volume keeps dropping.  This means the spring is being 
coiled ever tighter. No change in our outlook..

Friday, August 10th's write-up:

WHAT TO WATCH:  Here is another stock for bullish investors to 
keep an eye on.  Shares of Tyco have made a beautiful, if not
slow, 50% retracement from the big run up it saw over the 
April-May surge.  The end of the retracement occurred around the 
middle of July and now the stock is slowly building a bullish 
wedge with a steady diet of higher lows.  Resistance is pretty 
solid at $54 which is bolstered by the stock's 200-dma.  However,
by looking at the coiling wedge on TYC a breakout could come any 
day now.  




---

Qwest Comm. - Q - close: 24.66 change: -0.11

UPDATE: The stock continues to build a base just under resistance
at $25.  If you're interested in the sector or stock the potential
breakout could be one to watch.

Thursday, August 9th's write up:

WHAT TO WATCH:  Investors should be looking for a close over $25.
You upward target depends on how much you believe in the company's
fundamentals.  Many analysts feel that the sell-off in Qwest 
shares are way overdone.  From the end of April, shares have 
fallen from almost $42 to $23 just a few days ago.  One possible
culprit was a sell-off in rival Global Crossing (GX).  Last week
GX announced they would be forced to slash their own growth
outlooks.  In contrast Qwest just confirmed their own growth
outlook for 2002 two days ago (Reuters).  We feel that we might
be looking at a potential bottom in Q so it's worth keeping an
eye on the stock over the next few days (market permitting).




---

Intl. Business Machines - IBM - close: 105.86 change: +0.91

UPDATE: Very close.  Three positive days and the shares are kissing 
resistance at the 10-day moving average of $106.27.  A move above 
this on solid volume ought to do it.

Thursday, August 9th's write up:

WHAT TO WATCH:  Yet another stock teetering on support, IBM 
bounced off support at $103 for the sixth time since the middle
of July.  Today marked the fifth down day in a row for the stock
and its second day under its 200-dma (104.36).  The broader
market will be the key but whatever direction IBM decides to go
traders could see several points.  Upper resistance is at $110
while short-term support is scattered between 103 and 100.  
However, below 100 the stock could fall to 95 or 90.




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DISCLAIMER
=================================================================

This newsletter is a publication dedicated to the education
of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding trading in stocks. It
is possible at this or some subsequent date, the editors and
staff of PremierInvestor.net may own, buy or sell securities
presented. All investors should consult a qualified professional
before trading in any security. The information provided has
been obtained from sources deemed reliable but is not
guaranteed as to accuracy or completeness. PremierInvestor.net
staff makes every effort to provide timely information to its
subscribers but cannot guarantee specific delivery times due to
factors beyond our control.

Please read our disclaimer at:
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Copyright  2001  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.


PremierInvestor.net Newsletter                 Monday 08-13-2001
                                                   section 2 of 2
Copyright  2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================
To view this email newsletter in HTML format with imbedded
charts and graphs, click here:
http://www.PremierInvestor.net/htmlemail/3206_2.asp
=================================================================

In section two:

Split Trader
  Split Announcements: None
  New Plays: None
  Play Updates: None
  Closed Plays: None

Net Bulls
  New Plays: University of Phoenix Online  - UOPX (Bullish)
  Play Updates: None
  Closed Plays: None

Stock Bottom / Active Trader
  New Plays: None
  Play Updates: None
  Closed Plays: None

Trading Ideas
  Value Plays With Bullish Signals
  Breakout to Upside (Stocks $5 to $20)
  Breakout to Upside (Stocks over $20)      
  Breakout to Downside (Stocks over $20)      
  Recently Overbought With Bearish Signals (Stocks over $20) 


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

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

  --------------
  New Long Play
  --------------

University of Phoenix Online UOPX Close:$33.25 Change:+1.24 stop:$31.00

Company Description:
This tracking stock for Apollo Group's University of Phoenix 
Internet subsidiary offers degree programs to more than 16,000 
students who access class notes and lectures from home through the 
Internet.  The firm offers ten web degrees in business, education, 
information technology, and nursing with a faculty of 1,200.

Fundamentals: 
Analysts forecast the firm will earn 32-cents per share in the 
fiscal year ending August 2001 on revenue of $171 million and 48-
cents on $254 million in 2002.  As the tracking stock was created 
in 2000, the company has not split out earnings per share for that 
fiscal year, however they have provided 2000 sales figures for the 
unit of $103 million.  On July 20th the company shares split 3:2. 

Why We Like It:
Add education to the short list of business areas including travel, 
books and flowers that are retail e-commerce winners.  Working 
adults wanting to upgrade their education are finding it easier to 
sign on to their computer than show up to class.  And whereas the 
tough economic times are hurting most businesses, for online 
educators the uncertainty creates a ready stream of customers.  

This means the University of Phoenix Online is not your typical 
dot-bomb, it is profitable with a 2001 forecast sales growth rate 
of 66-percent and 48-percent for 2002. 

UOPX shares rose from $15.09 on March 9th to close at $37.98 on 
July 30th.  Recent weakness has dipped the shares back to support  
near $32.00.  A strong move up on Monday on rising volume sets up 
an attractive risk/reward play.  A continuation of the Bullish 
momentum should not meet upside resistance until a 14-percent pop 
to $38.00.  For investors with a longer-term outlook a point and 
figure analysis suggests an extended price objective of $50.00.  
The nearness of downside support means we can protect ourselves 
with a stop at $31.00.  


Picked on August 13th at $33.25
Earnings Date              N/A (Not Confirmed)





==================
  Trading Ideas 
==================

This section contains stocks that meet criteria which may make 
them of interest to long and short side traders.  These are not 
recommendations, nor have they been reviewed by PremierInvestor 
editors for investment potential.  However, each of them has 
technical and fundamental characteristics that make them worthy 
of further review by traders and investors looking for fresh ideas. 
New stocks will appear daily following the market close.  

  ---------------------------------
  Value Plays With Bullish Signals
  ---------------------------------

Ticker    Company Name              Close  Change
AHMH      American Home Mortgage    15.95  +1.30
FTS       Footstar Inc.             35.85  +0.98
WRNB      Warren Bancorp inc        10.00  +0.83
UHT       Universal Health Realty   22.45  +0.68
RWT       Redwood Trust Inc.        24.50  +1.09

  ---------------------------------------
   Breakout to Upside (Stocks $5 to $20)
  ---------------------------------------

Ticker    Company Name              Close  Change
FIMG      Fischer Imaging Corp      11.94  +1.01
PHSY      Pacificare Health Sys B   16.69  +1.43
CNXT      Conexant Systems Inc      10.57  +1.08
NBTY      Nbty inc                  15.94  +1.30
MMSI      Merit Medical Systems     14.85  +1.05

  ---------------------------------------
   Breakout to Upside (Stocks over $20)
  ---------------------------------------

Ticker    Company Name              Close  Change
MCRL      Micrel Inc                33.56  +3.25
ISIL      Intersil Holding          42.36  +3.16
MGA       Magna Internat Inc        68.30  +2.50
AWK       American Water Works      34.71  +1.19
ADVP      Advancepcs                69.04  +4.16

  -----------------------------------------
   Breakout to Downside (Stocks over $20)
 -------------------------------------------

Ticker    Company Name              Close  Change
AZN       Astrazeneca Plc           47.64  -1.96
F         Ford Motor                23.74  -1.03
CSX       Csz Corp                  38.06  -1.34
ADLAC     Adelphia Comm A           34.10  -1.10
CTX       Centex Corp               41.70  -2.40


  ------------------------------------------------------------
   Recently Overbought With Bearish Signals (Stocks over $20)
  -------------------------------------------------------------

Ticker    Company Name              Close  Change
None

=================================================================
To stop receiving this PremierInvestor.net Newsletter,
send email to Contact Support
=================================================================
DISCLAIMER
=================================================================

This newsletter is a publication dedicated to the education
of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
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