PremierInvestor.net Newsletter Monday 09-24-2001 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/4893_1.asp ================================================================= In section one: Market Wrap: Big Day Market Sentiment: Boing! Play-of-the-Day: Qualcomm - QCOM (Bullish) Watch List: P, QQQ, VRSN, BRCD ----------------------------------------------------------------- U.S. Market Numbers ----------------------------------------------------------------- MARKET WRAP (view in courier font for table alignment) ----------------------------------------------------------------- 9-24-2001 High Low Volume Advance/Decline DJIA 8603.86 +368.05 8649.39 8242.32 2.0 bln 2414/806 NASDAQ 1499.40 + 76.21 1507.51 1459.47 2.1 bln 2808/1109 S&P 100 513.03 + 21.33 516.35 491.70 Totals 5222/1915 S&P 500 1003.45 + 37.65 1008.44 965.80 RUS 2000 393.79 + 14.90 393.79 378.90 DJ TRANS 2129.99 + 75.15 2156.56 2055.25 VIX 41.33 - 6.94 45.52 40.05 VXN 69.52 - 8.21 77.79 68.93 TRIN 0.53 Put/Call Ratio .55 ----------------------------------------------------------------- =========== Market Wrap =========== Big Day by Jon Farnlof Longs ended their weeklong game of "you first" and all of them tried to jump through the same porthole into the market today. The result was the 5th largest one-day gain for DOW Industrials as they tacked on 368 points , or 4.5-percent, to close at 8603. The Nasdaq went along with the senior board climbing a healthy 76.22 points, or 5.3-percent to 1499.41. Money managers had been itching for much of the past week to jump back into the market, as blue chip valuations just kept getting cheaper and more attractive during the worst week for the Dow Industrials since the Depression. Daily Chart of The Dow Jones Industrial Average A number of factors got the bulls to running. First, there was reassuring news late last Friday from market bellwether General Electric (GE). Despite their insurance subsidiary taking it right on the chin following the disasters of September 11th, GE said it was "on track" for double-digit percentage earnings growth in 2001, and is "well-positioned" to grow at that level in 2002. This optimism let investors know that despite the economic blues, somebody was going to be making money. Also helping was that over the weekend a number of high-profile analysts came out saying it was time to go shopping including Goldman Sach's head of investment strategy Abby Joseph Cohen and Banc of America analyst Tom McManus. Goldman jumped the recommended equity weighing in her model portfolio from 70- percent to 75-percent, while McManus raised his equity weighting from 65-percent to 70-percent and reduced the bond to 25-percent from 30-percent. Goldman cited government initiatives, corporate share buyback programs, idle cash, cheap valuations and uninterrupted operations in the banking systems for her change. MacManus sees the markets as "well positioned" for negative news. Finally, on Monday there were some anecdotal evidence that the corporations were putting their wallets to work and implementing their much-ballyhooed corporate share buyback programs. Put it all together and you have a big-time rally. Sectors benefiting the most on Monday were Internet, Computer Technology, Airlines, Semiconductors, Telecom and Networks. Although the rally was broad-based, not all sectors participated. Oil futures suffered the biggest one-day decrease since the Persian Gulf War dropping 15-percent. The price of crude oil closed down $3.82 to $22.44. This is the lowest price since the $21.80 a barrel price from May 2000. The culprits were concerns that a recession would slice demand, and that OPEC is pumping strong and unlikely to cut production at their Wednesday meeting. Reflecting the weak price of crude, the Oil Service Sector Index ($OSX) lost 3.27 points, or 4.84-percent to 64.18. Other weak sectors were: gold, natural gas and oil. Chart of Light, Sweet Crude Futures (Dec 2001) But the next question is, will it last? Tough to tell. The economy stinks and this week's economic reports are unlikely to freshen the air. Monday's Conference Board report on the US Index of Leading Economic Indicators show they fell by 0.3-percent in August, after four consecutive months of gains. This seems to indicate that the economy had taken a turn for the worse even before the terrorist attacks. Two big reports come out on Tuesday; the Consumer Confidence Report and Existing Home Sales. Consumer spending and home sales have been the twin pillars holding up the economy from a complete meltdown. So there is a chance that Monday's significant gains may disappear in a hurry if investors get spooked by negative reports. The current official consensus forecast for Consumer Confidence to improve to 115.8 after dropping to 114.3 in August. However, consensus forecasts often change much slower than economic conditions and September 11 was an economic earthquake. Therefore, any sign of improvement may be taken with a grain of salt. Empty stores and airports around the country attest to the current level of consumer confidence and any statistical improvement may be attributed to pre-Sept. 11 data. On the plus side, despite the consensus estimate, a drop in consumer confidence is probably already factored into the market. The same situation holds for Existing Home Sales. July sales slowed 3-percent to 5.17 million and the consensus estimate for August is for a slight increase to 5.30 million. Media monster AOL-Time Warner (AOL) warning that sales and cash flow would suffer due to the terrorist attacks headlined market moving news occurring in the after-hours. Also warning were office furniture manufacturer Herman Miller (MLHR) for its second-quarter and IT firm American Management Systems (AMSY) for its third quarter. Going counter to the gloomy warnings was flat panel display maker Kopin (KOPN). The firm citing strong demand increased its third quarter revenue target and said its third- quarter Looking ahead, there does not appear to be anything of a magnitude capable of keeping the markets from stringing together a two or three day rally. Money manager are still finding bargains and shorts are covering to book profits, as it is their turn to be nervous.. The economic news is likely to be dismal, but no investors are going to be surprised. AOL Time Warner's warning will be a negative, but hopefully its decent growth projections (20-percent growth in 2001 pre-tax cash flow and 5 - 7-percent pop in revenue) will keep it from being a show- stopper. The chief wild card is the national news. Yet with the Bush administration preaching patience and the threat of imminent military action fading there does not appear anything likely to derail a rally in the short-term. ================ Market Sentiment ================ Boing! by Jeffrey Canavan Stocks got an overdue bounce today. Be it short covering or bargain hunting, it was nice to see some green on my screen for a change. The Dow responded with its fifth largest point gain ever, and the Nasdaq tacked on 5.35%. Breadth was positive with advancers beating decliners 24 to 8 at the NYSE and 27 to 11 at the Nasdaq. Volume was brisk with over 2 billion shares traded at the Nasdaq and 1.7 billion at the NYSE. Market augur Abby Joseph Cohen exacerbated the ecstasy in equities by raising her recommend equity weighting 5% to 75%. Bank of America's Tom McManus also raised his equity weighting 5% to 70%. Airline Index Daily Chart Airline stocks gained 5.87% today, benefiting from the $15 billion bailout package and an extreme oversold condition. Technically the Airline Index (XAL) could see a bounce to 74, or even retrace 38.2% of this summer's loss by climbing to 95. Fundamentally the picture is still clouded by small revenue swing greatly affecting earnings. Airlines are only running at 50% of capacity. Up from last week, but still below normal. Retailers finished the day up 5.98% amid some mixed outlooks. Federated Department stores warned that September same store sales could be down 15 to 20 percent, and Sears also warned of lower than expected September sales. Wal-Mart and JC Penny expect sales to meets forecasts. Dollar General was too busy fixing some accounting irregularities to worry about sales forecasts. Dollar General closed down 23% after announcing they were restating financial statements for the past three years due to improperly accounting for leases. Gold Index Daily Chart Gold stocks lost their luster today as investor pulled out of the safe haven to go wading back into more adventurous waters. The Gold Index (XAU) dropped 3.24%, and now rests close to the 50-day moving average and 10-month up trend. Crude oil suffered its largest one-day decline since the gulf war, and oil and oil service stocks finished down 3.00% and 4.84% respectively. Oil stocks are just as oversold as the rest of the market, but an expected lack of demand is keeping oil prices lower. Call it undervalued or oversold, today's action looked like prices settling back to normal after last week's steep sell off. While today's action was very encouraging for bulls, a basing period may be required before stocks can move substantially higher. That's not to say we might not get a few more bullish days, but earnings warnings and economic reports might start to weigh on investors minds again. We'll find out tomorrow when investors digest an earnings warning from AOL, consumer confidence and existing home sales. *************************Sector Watch**************************** Support Close Resistance DJIA | 8,062 | | | 8604 | | | 9,110| NASD | 1,385 | | | 1499 | | | 1,670| S&P 500 | 944 | | 1003 | | | | 1,100| Rus 2000 | 373 | | | 394 | | | 420| Semis | 363 | | | 402 | | | 455| Biotech | 405 | 416 | | | | | 475| Internet | 84 | | 92 | | | | 105| Networking | 210 | | 224 | | | | 260| Software | 100 | | | 124 | | | 159| Banking | 550 | | | 576 | | | 595| Retail | 695 | | | 734 | | | 765| Drugs | 353 | | 361 | | | | 377| Last week's volatility has changed almost all support and resistance levels. Support Alerts: Resistance Alerts: ____________________________________________________ | Long | Short | Strength | Relative | | Term | Term | of | Strength | | Trend | Trend | Trend | vs S&P 500 | DJIA | Bearish | Bearish | Strong | Negative | NASD | Bearish | Bearish | Strong | Negative | S&P 500 | Bearish | Bearish | Strong | -- | Rus 2000 | Bearish | Bearish | Strong | Negative | Semis | Bearish | Bearish | Strong | Negative | Biotech | Bearish | Bearish | Strong | Negative | Internet | Bearish | Bearish | Strong | Negative | Networking | Bearish | Bearish | Strong | Negative | Software | Bearish | Bearish | Strong | Negative | Banking | Bearish | Bearish | Strong | Neutral | Retail | Bearish | Bearish | Strong | Neutral | Drugs | Bearish | Bearish | Strong | Neutral | _____________________________________ | Short-Term | | Point and | | Overbought/ | Momentum | Figure | | Oversold | | Signal | DJIA | Oversold | Falling | Sell | NASD | Oversold | Falling | Sell | S&P 500 | Oversold | Falling | Sell | Rus 2000 | Oversold | Falling | Sell | Semis | Oversold | Falling | Sell | Biotech | Oversold | Falling | Sell | Internet | Oversold | Flat | Sell | Networking | Oversold | Falling | Sell | Software | Oversold | Falling | Sell | Banking | Oversold | Falling | Sell | Retail | Oversold | Falling | Buy | Drugs | Oversold | Falling | Sell | AP OB = Approaching Overbought AP OS = Approaching Oversold ***************************************************************** ========================= Play-of-the-Day (Bullish) ========================= Qualcomm - QCOM Close:$47.60 Change:+2.71 Stop: $45.00 NEW Original Comments When Selected on September 19th: Company Description: Qualcomm created the code-division multiple access (CDMA) standard for wireless networks. CDMA-based networks account for 12-percent of the worlds' mobile subscribers. Qualcomm collects royalties for CDMA use and makes CDMA-based products such as chipsets and software. Although, the US is a Qualcomm stronghold, it is working hard to expand in Asia, in particular China, off of its dominance in South Korea. This effort got a big boost when China Unicom, China's second largest wireless operator, awarded $1.46 billion in contracts for equipment to build a cdma-based network. The Chinese adoption of cdma is seen as crucial for Qualcomm, because as it is also critical for the adoption of cdma throughout Asia. Unfortunately, on the heels of the good news was an announcement that Verizon Wireless was switching from cdma to a rival technology based on wCDMA. Fundamentals: Analysts project the company, which earned $1.05 in the fiscal year ended September 2000, will earn $1.04 in 2001 and $1.28 in 2002. This gives the company a forward P/E of 43. Why We Like It: This is a pure traders play. On Wednesday, Qualcomm shares put in a double bottom when they bounced off of the $42.75 session low set last April 4th with a dip to $42.60 before closing at $45.00. For short-term traders who think that today's late rally may finally spark a 2 or 3-day rally on Thursday, QCOM shares are a good choice to consider. These are volatile shares and wireless stocks are showing some strength, so any form of rally should result in a quick move to the $53 to $57 range, yet the successful test of the April low means that quality support is nearby. We are starting this play with a $42.00 stop, just below the April and Wednesday lows. The volatility of this play means it is for aggressive nimble traders only. Good or bad it won't be around for long. Updated Comments: The wireless companies have been looking stronger on a relative basis than most tech sectors. This means they ought to outperform during an up trend. With a good chance that Monday's rally will last for at least a day or two, Qualcomm shares are just the kind of play that will take maximum advantage of a bullish market. But be prepared to be aggressive moving out of this play as into it. These are volatile shares with the ability to inflict extreme pain and pleasure in a very short time frame. Great for a short-lived rally, but tough for the non-nimble. We are pushing our stop up to $45.00. Picked on September 19th at $45.00 Gain since picked: +2.60 Earnings Date N/A (Not Confirmed) ========== Watch List ========== Phillips Petroleum - P - close: 51.50 change: -2.67 WHAT TO WATCH: If you've been watching the news today you have probably heard about the sudden drop in oil futures. The markets saw oil futures turn in a 15% slide, the biggest one-day dip since the Gulf War, that put the black liquid under $22 a barrel for the first time in over a year. The rumor is that a growing concern of a global recession will decrease the planet's energy demands. Phillips' stock tried to give investors a bounce late last week but today's pressure saw shares fall under $52 which has been significant support for the last year. Traders may want to watch for a close under $51 as a potential trigger to go short if the oil concerns increase. It is crucial that if you choose to trade the oil stocks that you play with a stop as any military actions overseas could cause strong volatility. The stock is likely to find support at the $47 level. --- Nasdaq-100 Tracking Stock - QQQ - close: 29.61 change: +1.42 WHAT TO WATCH: As we mentioned the DIA's on Friday for stock traders interested in trading the moves in the DJIA, today we highlight the QQQ's or the Nasdaq-100 tracking stock. A lot of traders are familiar with the Q's as it consistently ranks near the very top of the most active lists. With volume this high one doesn't have to worry about liquidity. If you've seen a chart of the NASDAQ then you've seen a chart of the Q's. The sharp bottom in early April, the resistance in May, the long slow painful decline since. Many are hoping that Friday's low near $27 will be the bottom. Whether they will be proven right or not stock traders can play the Q's and potentially snatch a 10% gain or more out of this tracking stock. Right now the Q's are sitting just under resistance at $30. If the rally continues for three or four days like many believe then we could see the stock hit $33 or $34. We would consider waiting for a close over $30 before considering a long play with a tight stop ($1.00 or less). More aggressive traders may want to consider a play now with a stop at or below $29. There is a growing segment of the trading population that likes to trade options on the Q's. If you'd like to see how option traders maximize the moves in this tracking stock please visit our sister site, www.IndexSkybox.com. They specialize in teaching traders how to "trade the market" which is essentially what investors are trying to do with the QQQ. --- VeriSign Inc - VRSN - close: 39.86 change: +1.56 WHAT TO WATCH: VRSN had been showing significant relative strength last week trading mostly sideways while the software sector continued to drop. The stock even managed a 4% gain today on top of the news that VRSN will spend $1.2 billion in stock for Illuminet Holdings Inc (ILUM). Analysts believe this could be a strong move for VRSN and the fact that as the buyer, its stock didn't plummet may mean the market approves as well. We would watch for VRSN to close over the $40 level before considering a long play. Looking at the chart one can see potential overhead resistance at $42.50, $45, and $47.50. However, if a true multi-day rally ensues, these may mean little to eager buyers and bears rapidly trying to cover (if they didn't today). --- Brocade Communications - BRCD - close: 20.78 change: +3.09 WHAT TO WATCH: First of all let us urge caution as anything up over 17% in one day is not something we would encourage traders to chase. Yes, the stock was extremely oversold but the long drawn out base it appeared to be building the last two weeks may have bulls too eager or shorts now too scared. With many hoping we have a real tradable rally on our hands and brokers coming out to upgrade the likes of CSCO, we're not surprised to see other networking stocks like BRCD seeing big gains. The week before the attack the stock had been basing sideways at the $20 level. The week after the attack strong emotions in the market took it down below support of $20 and shares of BRCD traded below its April low to a new low of $16.40 before closing higher. With a second day between $17 and $18 on Friday (a higher low from the $16.40) short covering was the likely culprit on Monday's big (and steady) gains. The close over $20 could spur real buyers and given the opportunity the stock could climb to $22, $23 or $25 without too much opposition. Aggressive traders may see this as an entry point now but we might suggest looking for a potential dip back to $20 before initiating a play. Confirm market and stock direction before making a move. ================================================================= 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 09-24-2001 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/4893_2.asp ================================================================= In section two: Split Trader Split Announcements: none New Plays: none Play Updates: none active at this time Closed Plays: none Net Bulls New Plays: none Bullish Play Updates: See Play-Of-Day Qualcomm Bearish Play Updates: none Closed Plays: 3M - MMM, PeopleSoft - PSFT Stock Bottom / Active Trader New Plays: none Bullish Play Updates: none Bearish Play Updates: Closed Plays: Argosy Gaming - AGY, TCF Financial - TCB 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 Play Updates =============== ----------------------- NB Bullish Play Updates ----------------------- See Play of Day - Qualcomm in section 1 =============== NB Closed Plays =============== -------------------- Closed Bearish Plays -------------------- 3M - MMM - close: 91.67 change: +4.69 stop: 90.50 Traders should not have been surprised that MMM was stopped out on Monday. Before the market opened we had an indication that the rebound would begin today as the European markets were up strongly and the Dow futures were up 247 points before the open. As a Dow component, MMM rallied quickly to $90 after opening at just under $87. It didn't take long before our bearish play was stopped out at $90.50 but the newsletter was able to claim a 16.25 point move and over a 15% change. Nimble traders who like to trade MMM may want to watch the stock as many market analysts believe the rally could last throughout the week before another retest of the lows should occur. Picked on August 29th @ $106.75 Gain since picked: + 16.25 Earnings Date: N/A --- PeopleSoft - PSFT - close: 20.38 change: +0.69 stop: 21.26 Better safe than sorry. We lowered our stop on Friday to 21.26 to protect us from any violent short-covering that might have spurred a multi-point rally in PSFT. Unfortunately for PSFT shareholders, no such rally occurred. The GSO software index did rally sharply with the market gaining over 6%, in stark contrast, PSFT traded most of the day sideways and hovered around the $21 level before dipping towards the close. The end result of our bearish short on PSFT is a 13.22 point move and a final percentage drop of 38.3%. The $20 level may be a bottom for PSFT but we remain concerned by its lack of participation in today's market rebound. Picked on August 31st @ $ 34.48 Gain since picked: + 13.22 Earnings Date: N/A ================================================================== Stock Bottom / Active Trader (AT) section ================================================================== =============== AT Closed Plays =============== ----------------- Closed Short Play ----------------- Argosy Gaming - AGY - close: 24.65 change: +1.65 stop: 24.50 Considering that the overseas markets were up strongly this morning and the Dow futures were up almost 250 points before the open, it would be logical to assume that no one would have been shorting this stock on the open or throughout the day as investors saw that the rally would last all day. While we picked this play on Friday after the close, we will still be taking the $1.50 loss on our results. Shares of AGY gapped up to open at 24.20 before climbing higher as buyers and more likely shorts began to cover their positions from last week's drop. It is still very likely that the gaming industry will suffer well into the 4Q of this year as the U.S. consumer continues to digest the full scope of what happened on Sept. 11th but we will keep our eyes and ears open for news indicating one way or the other. Picked on September 21st @ $23.00 Gain since picked: - 1.50 Earnings Date: 10/23 (not confirmed) --- TCF Financial - TCB - close: 42.12 change: +1.34 stop: 42.00 In a similar reaction, shares of TCB gapped higher, opening at $41 before quickly stopping us out at $42.00. The S&P banking index (BIX.X) rose 4.7% today as the broader market finally produce a massive one day rally from these extremely oversold conditions. It is possible that TCB is flirting with a bottom here near the $40 level and Monday's close did put it back above the 200-dma (41.71) but before we would consider a long play we'd like to see it base for a while. The newsletter was able to capture a 5.60 point move or an 11.7% drop for this bearish short play. Picked on August 24th @ $47.60 Gain since picked: + 5.60 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 BA Boeing 32.80 +2.70 MXT Metris Companies 23.40 +2.39 BRP Brasil Telecom 25.80 +2.19 USTR United Stationers 27.74 +1.81 CHP C&D Technologies 19.35 +0.87 --------------------------------------- Breakout to Upside (Stocks $5 to $20) --------------------------------------- Ticker Company Name Close Change CHL China Mobile 15.85 +1.05 ORCL Oracle Corp 12.52 +1.76 WCOM Worldcom 13.81 +1.43 JDSU Jds Uniphase 6.39 +1.03 ATYT Ati Technologoes 8.30 +1.20 --------------------------------------- Breakout to Upside (Stocks over $20) --------------------------------------- Ticker Company Name Close Change WMT Wal-Mart 47.28 +2.62 GE General Electric 35.20 +3.90 KFT Kraft Foods 33.50 +1.50 SNE Sony 38.65 +1.90 MMC Marsh & McLennan Cos 86.29 +4.27 ----------------------------------------- Breakout to Downside (Stocks over $20) ------------------------------------------- Ticker Company Name Close Change UN Unilever N.V. 53.40 -1.50 CHV Chevron 81.10 -2.91 EDS Electronic Data Systems 56.00 -1.10 P Phillips Petroleum 51.50 -2.67 CI Cigna 77.20 -1.96 ------------------------------------------------------------ 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 "firstname.lastname@example.org"
Option Investor Inc