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 ================================================================= To view this email newsletter in HTML format with imbedded charts and graphs, click here: http://www.PremierInvestor.net/htmlemail/3206_1.asp ================================================================= 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 -specific exit points -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. ================================================================= 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 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: http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html ***************************************************************** ADVERTISING INFORMATION For more information on advertising in PremierInvestor.net Newsletter, or any Premier Investor Network newsletter please contact Contact Support. ***************************************************************** 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 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: http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html ***************************************************************** ADVERTISING INFORMATION For more information on advertising in PremierInvestor.net Newsletter, or any Premier Investor Network newsletter please contact Contact Support. ***************************************************************** Copyright © 2001 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
Option Investor Inc is neither a registered Investment Advisor nor a Broker/Dealer. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All opinions, analyses and information included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we do not necessarily update such opinions, analysis or information. Owners, employees and writers may have long or short positions in the securities that are discussed.
Readers are urged to consult with their own independent financial advisors with respect to any investment. All information contained in this report and website should be independently verified.
To ensure you continue to receive email from Option Investor please add "email@example.com"
Option Investor Inc