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Daily Newsletter, Friday, 11/23/2001

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PremierInvestor.net Newsletter          Weekend Edition 11-23-2001
                                                    section 1 of 3
Copyright  2001, All rights reserved.
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In section one:

Market Wrap:      Trading ends week on positive note
Play-of-the-Day:  Looking for Leadership
Watch List:       PCLE, DBD, TIBX, EDS, TSAI, WGO, LEA, WDC,
                  AAPL, VSNX
Market Sentiment: Survey says?

------------------------------------------------------------------
U.S. Market Numbers
------------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
------------------------------------------------------------------
       WE 11-23         WE 11-16         WE 11-11         WE 11-02
DOW     9959.71 + 92.72  9866.99 +258.99  9608.00 +284.46  -221.63
Nasdaq  1903.19 +  4.61  1898.58 + 70.10  1828.48 + 82.75  - 23.23
S&P-100  593.27 +  5.20   588.07 + 10.08   577.99 + 18.00  -  7.99
S&P-500 1150.34 + 11.69  1138.65 + 18.34  1120.31 + 33.11  - 17.41
W5000  10596.40 +109.73 10486.67 +189.46 10297.21 +280.40  -168.72
RUT      458.42 +  7.11   451.31 + 13.21   438.10 +  5.03  -  5.58
TRAN    2534.90 + 37.53  2497.37 +176.68  2320.69 + 74.03  -   .92
VIX       24.78 -  2.39    27.17 -  1.59    28.76 -  3.64  +  1.87
VXN       50.81 -  4.23    55.04 -  3.55    58.59 -  2.60  +  4.28
TRIN       0.70             0.99             0.90             0.92
TICK       +976             +750             +784             +701
Put/Call    .61              .50              .74              .70
------------------------------------------------------------------
WE= week ended

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

Trading ends week on positive note

The day after Thanksgiving has been a historically bullish day 
for stocks and today, history repeated itself.  Stocks finished 
higher as the Dow Industrials came with 38.42 points of the 
10,000 level.

I get the distinct feeling that some traders are thinking it is 
Halloween again and not Thanksgiving.  The "Dow 10,000" level 
seems to be analogous to a scared bull afraid to open the door, 
worried about what type of sell program might be on the other 
side.

Psychology plays such an important role in the markets that it's 
no wonder the Dow couldn't trade 10,000 today.  If there's a 
party waiting, then everyone might as well be around to see what 
takes place should the Dow Industrials indeed be able to trade 
that level.

It was March 16, 1999 when the Dow Industrials first traded the 
10,000 level.  That day the Dow managed to slowly open the door 
to the 10,001.78 level.  A couple of days later, the door opened 
a little wider to 10,085 only to be pushed back two sessions 
later to 9,671.  By April 7, 2000, the Dow pushed back above the 
10,000 level and the rest is history.

As much of a "struggle" as it was for the Dow Industrials to beak 
clear of that 10,000 level back in 1999, that struggle came with 
no overhead supply in the way.  The 10,000 now at hand does have 
stock overhead and I don't think a break much above 10,000 is 
going to come easy.

Today's broader market averages come just in time to push many of 
the major averages into positive territory for the week.  In 
fact, had Wednesday been the last day of trading for this week, 
many indexes would have finished in the red.

6-week closes for major market averages and indexes




In last weeks market wrap, the bulk of a bulls diet was Airline 
stocks as the group jumped 17.4%.  This week, the bull's diet 
seemed to once again be focused airline stocks as the Airline 
Index (XAL.X) rose another 9.9%.  Another one of last weeks 
winners in the fiber optic stocks didn't follow through as the 
Fiber Optic Index (FOX.X) finished the week flat, but did manage 
to gain 3% on today's trading session.

Oil service stocks (OSX.X) were this weeks second biggest gainer 
with a 5.6% gain.  I'm having a tough time giving the Oil service 
stocks a "bull hug" at this point.  OPEC seems less than happy 
with Russia's planned production cuts of just 50,000 and that 
displeasure has many worried that OPEC may be less likely to take 
it easy on their oil production cuts.  Last week, OPEC agreed to 
cut production by 1.5 million barrels per day starting January 
1st, but only if non-OPEC oil producers cut their production by 
500,000 barrels per day.  Futures markets here in the US were 
closed today due to the holiday, but will be open on Monday.  In 
overseas trading, Brent crude oil was down as much as 6% to 
$18.60 a barrel, but managed to claw back near the close to 
finish at $19.28.

There was little sector weakness this weak.  The only "broader" 
market average in the NASDAQ-100 Index (NDX.X) finished down 
fractionally.  I highlighted it and the Semiconductor Index 
(SOX.X) only because these are the two averages/indexes where the 
bullish percent charts had reached an "overbought" status earlier 
in the week.  Both of their bullish percent charts were above the 
70% mark at one time this week and the action here looks to be 
profit taking related.

As mentioned in today's 1:00 PM EST update, bond YIELDS were 
fractionally higher today and for the week.  We will want to keep 
a close eye on things here next week as it relates to past 
commentary.  Should bond YIELDS be able to hold in here and 
continue to push higher, I think equity bulls can begin making 
the case that the bond market feels the Fed may be near the end 
of its easing cycle and monitoring economic data for some signs 
of a recovery.

Jobless data in recent weeks has started to show some 
improvement.  While claims are still high, they're off their 
highest levels found not long after the terrorist attacks in the 
U.S. and the 4-week moving average has been declining.  

Next week's economic data

On Monday, we'll get a dose of economic news with October housing 
starts.  Economists are expecting the annual rate of housing 
starts to fall 1.51 million from 1.57 million in September.  In 
my recent visit to the northeastern planes of Colorado, I had a 
chance to chat with a foreman of a large housing builder here in 
Colorado.  His tone was that things were still pretty slow and he 
seemed more concerned about some more ducks and geese migrating 
into the region, as he wasn't planning on a busy workweek that 
entailed constructing new homes.  He did however seem a little 
excited that some of the homes recently built did sell in the 
prior week.

Market participants will get further economic data to chew on 
with Wednesday's release of weekly jobless claims.  Economists 
expect jobless claims to rise to 456,000 from this weeks reported 
444,000.  First time claims for unemployment have fallen 3 weeks 
in a row and one of the few key economic indicators that have 
been showing any type of an economic bottoming.

Dow Portfolio "hypothetical" $1,000 investment since 09/10/01




There wasn't a lot of change this week in our Dow Industrials 
portfolio.  Just like last week, there are 16 stocks showing 
gains since their September 10th close and 14 stocks trading 
below their September 10th close.  Today, the upper end (top 15) 
added $220.95 in gains, while the lower end (bottom 15) gained 
$178.27%.  We've made the analogy that the Dow Industrials (the 
markets for that matter) move like an inchworm.  We saw some of 
that this week.  For the week just ended, the upper 15 stocks 
gained $168.18, while the lower 15 gained $104.15.  Both ends of 
the inchworm moved higher and the greater gains were found in the 
upper end.

The biggest change this week was found in Hewlett Packard 
(NYSE:HWP) as it slipped to the #6 slot after a #1 ranking last 
week.  This looks like a normal round of profit taking, but 
something traders may want to monitor going forward.

This week, I'll have a close eye on shares of International 
Business Machines (NYSE:IBM) and Intel (NASDAQ:INTC) to see if 
they show some type of willingness to rotate lower.

Shares of Philip Morris (NYSE:MO) have been sliding lower week 
after week.  What looks to be going on here is that the stock is 
losing some of its shine that it was getting from its higher 
stock dividend YIELD of 

Philip Morris Chart - $1 box




Philip Morris (NYSE:MO) is one of those stocks oftentimes 
associated with as "buy and hold."  If I were a longer-term 
investor that had bought the stock when it began breaking above 
the longer-term downward trend in the $30's and had a bullish 
price objective at that time of $54, I'd be concerned about the 
stock having traded the $53.88 level back in May and the 
subsequent "high pole" warning soon after.  With bond YIELDS 
heading higher in recent weeks, I'm thinking that some longer-
term institutions might be lightening up in "big MO" at this 
time.  

For those thinking of shorting the stock, I don't like to short 
stocks with such big dividends as Philip Morris (MO) as the 
trader/investor short the stock must also pay the dividend.  I 
will note that the stock does trade options and those traders 
opting for puts do not have to pay the dividend on a bearish 
position.

The current bullish price objective for MO is $62, which was 
created by the most recent "buy signal" and column of X's from 
$47-51.  I'd be willing to simply keep an eye on bond YIELDS 
here.  If YIELDS continue higher and MO gives us the sell signal 
at $45, bearish traders then would have a bearish vertical count 
of $38 to begin working with.

Jeff Bailey
Senior Market Technician


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

NEW BULLISH PLAY
=================

Ciber Inc - CBR - close: 7.15 change: +0.15 stop: 6.74

Company Description:
CIBER, Inc. is a leading international, e-business integrator, 
providing IT services for Internet strategy and development, 
complete life cycle system integration (from customer quotation 
through cash collection), with superior value-priced services for 
both private and government sector clients. CIBER's services are 
offered on a project or strategic staffing basis, in both custom 
and enterprise resource planning (ERP) package environments, and 
across all technology platforms, operating systems and 
infrastructures. Founded in 1974, the company's consultants now 
serve client businesses from 35 CIBER, 10 DigiTerra, five 
Solution Partners and four Enspherics offices in the U.S., Canada 
and Europe. With offices in six countries, CIBER's 5,000 IT 
specialists continuously build and upgrade our clients' systems 
to "competitive advantage status." (source: company press 
release)

Why We Like It:
Despite the Nasdaq's potential hurdles between 1925 and 1950 the 
GSO.X software index is looking pretty strong.  The dip on 
Wednesday brought the GSO.X down to the 165 level for bouncing 
higher by the close.  Friday's rally helped push the index back 
over the 170 level.  If software is going to be a leader in the 
any end of year market rally then CBR might just enjoy the ride 
on the way.  CBR has been struggling with its 200-dma for a few 
weeks and appears to have successfully conquered it.  The last 
few days have been positive and the dip on Wednesday pulled 
shares of CBR down to 6.77 before bulls stepped in to buy the 
dip.  Now with shares back over the $7 level we're aiming for the 
next leg up.  There appears to be multiple levels of resistance 
above us at 7.25, 7.50, 7.65, 8.00 etc.  However, a look at the 
point-and-figure chart shows the stock in a nice column of Xs 
heading higher.  Actually, it looks like the p-n-f chart is 
building a pennant formation with lower highs and higher lows - 
coiling for an eventual breakout one way or the other.  If this 
is true then the CBR can still rally to the $8.50 level to mark 
that lower high.  Thus our eventual target is $8.50 but don't let 
that stop you from taking profits if CBR trades anywhere near 
$8.00.  We're going to start the play with a stop a couple of 
cents below Wednesday's low (6.74).

Picked on November 23rd at $ 7.15 
Gain since picked:          +0.00
Earnings Date               10/29 (confirmed)






==================================================================
WATCH LIST
==================================================================

The PremierInvestor.net watch list is not designed to be read
as full fledged stock picks.  Rather we would prefer to offer
it as an extra tool in today's investor toolbox.  Think of it
as a radar screen with your own radar operator pointing out
interesting developments, technical patterns or potential plays
that you may or may not have seen on your own.  Due to time
constraints we do glance at the news but rarely do we have 
time to fully read pertinent news stories, due background 
research and other necessary screens that investors should do
before making a decision.  A common exercise is to read the
entry, glance at the sector and other stocks in that industry
and then compare what's happening in the stock to what's 
happening in the broader market indices.  We hope you enjoy
the Watch List and that it proves to be a useful tool for your
own trading success.

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

Pinnacle Systems Inc - PCLE - close: 5.10 change: +0.05

WHAT TO WATCH:  Shares of this camera equipment maker have a nice
steady upward trend with a steady pattern of higher lows.  Now
that shares are above the $5.00 level bullish traders can attempt
to target an entry between potential support at $5.00 and current
resistance at $5.35.  Beyond that resistance should be at $6.00
and $6.40 (top of the gap down).  We would consider a stop below
the 10-dma or just below the $5.00.




---

Diebold Inc - DBD - close: 39.85 change: +0.45

WHAT TO WATCH:  This specialty office equipment maker for banks
has been building a bullish pattern underneath resistance at $40
for weeks.  Now it looks like the stock is poised to breakout.
If the market can cooperate it just might.  Look for shares over
$40 but be careful.  Conservative traders may want to look for
two consecutive closes above this level in an attempt to avoid
what happened in early September.  Placing your stop could be
a challenge.  The 100-dma has been true support since July but
short-term traders might be able to get away with something
under $38.




---

TIBCO Software Inc - TIBX - close: 11.67 change: +0.10

WHAT TO WATCH:  This previous high-flyer is making quite a comeback
from its September lows under $6.00.  The last four days have 
shown the stock fighting to break above its 200-dma.  TIBX 
accomplished this on Friday but the strength of Friday's rally
is questionable due to the holiday.  Traders can look for the
stock to trade over $12 as a trigger to evaluate a new long position.
A breakout here could fuel the current bullish trend up to $14 or
even $16.  Keep an eye on the GSO.X.  If the sector pulls back
we would look for a bounce near $10.




---

Electronic Data Systems - EDS - close: 69.98 change: +0.90

WHAT TO WATCH:  Another computer services company that is making
very strong advances in this bullish market environment.  The
move from $55 to $65 was impressive but the $66 level had been
overhead resistance for months.  The breakthrough could foretell
a new extended leg up.  However, traders should be careful.  
Short-term the stock is overbought and the MACD looks very tired
and about to make a bearish crossover.  Look for a pullback to
$65 or $66 for a potential bullish entry or wait for the breakout
over $70.  




---

Transaction Systems Architects - TSAI - close: 12.26 change: +0.43

WHAT TO WATCH:  TSAI is another software company that has broken
out to the upside this last week and Friday's move put it above
significant resistance.  We like the trend but this one looks
like something only aggressive players may want to consider.  We
would look for a follow through on Monday or a pull back to the
10-dma (11.30) as a potential entry point.  Upside target is 
probably $14 to $15.  




---

Winnebago Industries - WGO - close: 29.39 change: +0.43

WHAT TO WATCH:  WGO saw some serious profit taking in early
September that began before the 9-11 attack.  However, after the
attack the selling just went from bad to worse.  Shares fell from
$30 down to $17 and change before starting to rebound.  Since
then the stock has recovered and is back to battle the
$30 resistance level.  The strength of the stock makes us 
wonder if investors feel that WGO will be a beneficiary of
the cocooning effect that many Americans are feeling in addition
to our new fear of flying.




---

Lear Corp - LEA - close: 35.13 change: +0.98

WHAT TO WATCH:  LEA is an automotive supplier that produces
interiors, seat systems and electrical systems for clients
around the world.  Shares have battled back from the Sept.
low in a very steady ascending channel.  LEA has been pulling
back the last few days but Friday's rally produced a nice
bounce off both the bottom edge of its channel and its 200-dma.
With Shares over $35.00 we would aim for a potential move to
$37.50 and eventually $40 but this latter target could take
a few weeks.  Consider placing stops under the 200-dma or if 
you're looking for a longer-term move then maybe under $34.




---

Western Digital Corp - WDC - close: 4.55 change: +0.24

WHAT TO WATCH:  The hard-drive rally may still be in effect.
The DDX.X bounce 2.27% on Friday after falling below its 10-dma
level of support in Wednesday's session.  WDC may be a leader
in the group as shares of the stock actually rallied on Wednesday
when the group was falling.  A glance at the chart can see 
resistance/support at every 50 cents.  The question now is
whether the stock will hold 4.50 as new support.  Aggressive
traders can look to go long but confirming the direction on
Monday is essential.  At the current rate of ascent, WDC might
be able to hit $5.50 in two or three weeks.  Stops are critical
as the whole sector is very overbought.




---

Apple Computer Inc - AAPL - close: 19.84 change: +0.16

WHAT TO WATCH:  Shares of AAPL have been building a bullish
pattern underneath its 200-dma and price resistance at $20 
for most of November.  It looks like a breakout one way or
the other is imminent but the bias is up.  Consider a close over
$20.25 as a potential trigger to go long.




---

Visionics Corp - VSNX - close: 12.26 change: -0.04

WHAT TO WATCH:  Everyone heard about the growing field of facial 
recognition software after the 9-11 incident and VSNX is a 
leader in the field.  Shares rocketed from $4.00 to $17.00 
after weathering some turbulence.  However, the month of November
has been nothing but profit taking for VSNX.  Shares could fall
to $10 or even $8.00 but bulls have been defending the stock at
$12 for the last three days.  A break under $12 and we would
consider a short play.  I would probably use the previous days
high as my initial stop if placement is questionable.






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

Survey says?
by Russ Moore

Survey says? Okay, the results are in. We now know that short 
players take more holidays than long players do. Today’s action 
gave us all the proof we needed as the markets headed higher 
thanks to an absence of sellers. 

The DOW drifted higher throughout the day and closed with a gain 
of +1.3 percent. The NASDAQ and NDX followed suit, posting gains 
of +1.5 percent and +1.6 percent respectively. Volume (of lack 
thereof) came in at 411 million shares on the NYSE and 583 
million shares on the tech index. Market breadth was solidly 
positive as winners took out losers by a 21/7 count on the big 
board and 22/10 margin on the NASDAQ.

It’s only fitting that retailers would be up on “black Friday” 
and such was the case. Most sectors enjoyed gains with airline, 
biotech, and brokerage fairing the best. Networking, Internet and 
Hardware sectors were the stars for the tech team. Gold and drug 
stocks were off slightly.

Monday will see a return to a more normal market environment and 
that should provide some answers as to where we’re headed in the 
short-term. Investors will have some economic data to chew on 
next week including consumer confidence, existing home sales, 
durable goods, GDP, and CPMI.

PLEASE NOTE: COT DATA IS NOT AVAILBABLE UNTIL MONDAY, NOVEMBER 26



VIX 
Friday 11/23 close: 24.78


VXN
Friday 11/23 close: 50.81


30-yr Bonds
Friday 11/23 close: 5.37


Total Put/Call Ratio: .61


Equity Option Put/Call Ratio: .48


Index Option Put/Call Ratio:  1.81


===

NASDAQ 100 Index (NDX/QQQ)
52-Week High: 103.51
52-Week Low:   28.19
Current close: 39.28

Volume/Open Interest
Maximum calls: 40/157,918
Maximum puts : 37/ 83,489

Moving Averages
 10 DMA 39
 20 DMA 37
 50 DMA 34
200 DMA 41

Fibanocci Retracements
Relative High: 51.95 (05/22/01)
Relative Low:  27.00 (09/21/01)
38% 36.60
50% 39.57
62% 42.59

===

S&P 100 Index (OEX)
52-Week High:  834.93
52-Week Low:   491.70
Current close: 593.27

Volume/Open Interest
Maximum calls: 580/3,937
Maximum puts : 500/6,400
Moving Averages
 10 DMA  587
 20 DMA  574
 50 DMA  554
200 DMA  609

Fibanocci Retracements
Relative High: 680.03 (05/22/01)
Relative Low:  480.07 (09/21/01)
38% 556.14
50% 579.65
62% 603.55

===

S&P 500 (SPX)
52-Week High:  1530.01
52-Week Low:    965.80
Current close: 1150.34

Volume / Open Interest
Maximum calls: 1150/35,881
Maximum puts : 1050/43,093

Moving Averages
 10 DMA 1138
 20 DMA 1115
 50 DMA 1079
200 DMA 1183

Fibanocci Retracements
Relative High: 1315.93 (05/22/01)
Relative Low:   944.75 (09/21/01)
38% 1086.75
50% 1130.62
62% 1175.23

==

DJIA (INDU)
52-Week High:  11,518.83
52-Week Low:    8,235.81
Current close:  9,959.71

Volume / Open Interest
Maximum Calls: 98/25,333
Maximum Puts   90/50,386

Moving Averages:
 10 DMA  9,777
 20 DMA  9,571
 50 DMA  9,255
200 DMA 10,194

Fibanocci Retracements
Relative High: 11,350.05 (05/22/01)
Relative Low    8,062.34 (05/21/01)
38%  9,308.92
50%  9,693.99
62% 10,085.60

==

Biotech Index (BTK)
52-Week High:  811.61
52-Week Low:   383.28
Current close: 599.92

Volume / Open Interest
Maximum Calls: 580/  777
Maximum Puts:  540/1,149

Moving Averages
 10 DMA 581
 20 DMA 572
 50 DMA 512
200 DMA 536

Fibanocci Retracements
Relative High: 811.61 (09/25/00)
Relative Low:  383.28 (03/22/01)
38% 546.22
50% 596.57
62% 646.71

==

Semiconductor Index (SOX)
52-Week High: 1280.84
52-Week Low:   362.00
Current close: 511.30

Volume / Open Interest
Maximum Calls: 520/ 748
Maximum Puts:  470/1558

Moving Averages
 10 DMA 520
 20 DMA 501
 50 DMA 453
200 DMA 565

Fibanocci Retracements
Relative High: 710.78 (05/22/01)
Relative Low:  343.93 (09/27/01)
38% 484.50
50% 527.18
62% 570.57

==

Pharmaceutical Index (DRG)
52-Week High:  455.28
52-Week Low:   339.49
Current close: 401.50

Volume / Open Interest
Maximum Calls: 420/406
Maximum Puts:  360/320

Moving Averages
 10 DMA 394
 20 DMA 393
 50 DMA 389
200 DMA 392

Fibanocci Retracements
Relative High: 448.43 (12/29/00)
Relative Low:  339.49 (03/22/01)
38% 382.22
50% 395.69
62% 409.03

*****

CBOT Commitment Of Traders Report: No Data until Monday, Nov 23. 
Weekly COT report discloses positions held by small specs
and commercial traders of index futures contracts on the 
Chicago Board Of Trade. 

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 are not. 
Extreme divergence between each signals a possible market turn in 
favor of the commercial trader’s direction.   

S&P 500
Commercials   Long      Short      Net     %Change 
11/06/01     376,807   416,063   (39,256)    8.2%
11/13/01     381,539   421,284   (39,745)    1.2%

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      %Change
10/30/01       123,546    71,225    52,321    (6.2%)
11/06/01       132,106    81,208    50,898    (2.7%)
11/13/01       136,047    87,645    48,402    (4.9%)

Most bearish reading of the year:  36,513 - 5/01/01
Most bullish reading of the year:  91,122 - 3/06/01

NASDAQ-100
Commercials   Long      Short      Net     %Change 
10/30/01      32,055    45,574   (13,519)   29.5%
11/06/01      39,410    47,890    (8,480)  (37.0%)
11/13/01      38,751    49,257   (10,506)   23.9%

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      %Change
10/30/01       12,725     6,475    6,250      34.9%
11/06/01       11,406     8,143    3,263     (47.7%)
11/13/01       11,568     6,505    5,063      55.1%

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
Commercials   Long      Short      Net     %Change 
10/30/01      25,872    12,556   13,316     (3.1%)
11/06/01      25,977    11,951   14,026      5.4%
11/13/01      24,145    10,204   13,941     (0.6%)

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      %Change
10/30/01       4,261    11,220    (6,959)      0.0%
11/06/01       3,569    12,281    (8,712)     25.2%
11/13/01       4,094    12,121    (8,027)     (7.8%)

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


                    Small Specs               Commercials
S&P 500         (Current)  (Previous)     (Current) (Previous)
Open Interest
Net Value        +48,402     +50,898        -39,745     -39,256

Total Open
Interest %       (+21.64%)  (+23.86%)     (-4.95%)   (-4.95%)
                 net-long   net-long      net-short  net-short


                     Small Specs             Commercials
DJIA futures     (Current) (Previous)    (Current) (Previous)
Open Interest
Net Value          -8,027     -8,712          +13,941    14,026
Total Open
interest %       (-49.50%)    (-54.97%)      (+40.59%)  (+36.98%)
                 net-short   net-short     net-long    net-long


                     Small Spec              Commercials
NASDAQ 100      (Current) (Previous)    (Current) (Previous)
Open Interest
Net Value         +5,063      +3,263         -10,506    -8,480

Total Open
Interest %        (+28.01%)   (+16.69%)     (-11.94%) (-9.71%)
                 net-long   net-long      net-short net-short


What COT Data Tells Us
----------------------
Indices:.Commercial players have apparently gone on an extended 
vacation. The Commercial net-short positions on the S&P 500 have 
been stuck around the 4.95 percent range for five weeks. Other 
than the usual gyrations of the Small Specs on the NASDAQ 100, 
significant moves have been absent.

Gold: Only a slight reduction in net-short Commercial positions .

10/16 51,816 contracts net-short
10/23 25,191 contracts net-short
10/30 33,199 contracts net-short
11/06 35,435 contracts net-short
11/13 23,637 contracts net-short

Data compiled as of Tuesday 11/13 by the CFTC.


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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.

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Do not duplicate or redistribute in any form.


PremierInvestor.net Newsletter          Weekend Edition 11-23-2001
                                                    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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In section two:

Net Bulls
  New Bullish Plays:     CBR
  New Bearish Plays:     RLRN
  Bullish Play Updates:  NOK, cancel entry on PMCS, SYMC, VRTS
  Bearish Play Updates:  WWCA
  Closed Bearish Plays:  ESST

Stock Bottom / Active Trader
  New Bearish Play:      PB
  Bullish Play Updates:  GE

High Risk/Reward
  New Bullish Plays:     AKLM
  New Bearish Plays:     TRDO
  Bullish Play Updates:  SBAC, TMPW
  Bearish Play Updates:  EBAY, INTC

Split Trader
  - none -


==================================================================
Net Bulls (NB) Tech Stock section
==================================================================

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

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

Ciber Inc - CBR - close: 7.15 change: +0.15 stop: 6.74

Company Description:
CIBER, Inc. is a leading international, e-business integrator, 
providing IT services for Internet strategy and development, 
complete life cycle system integration (from customer quotation 
through cash collection), with superior value-priced services for 
both private and government sector clients. CIBER's services are 
offered on a project or strategic staffing basis, in both custom 
and enterprise resource planning (ERP) package environments, and 
across all technology platforms, operating systems and 
infrastructures. Founded in 1974, the company's consultants now 
serve client businesses from 35 CIBER, 10 DigiTerra, five 
Solution Partners and four Enspherics offices in the U.S., Canada 
and Europe. With offices in six countries, CIBER's 5,000 IT 
specialists continuously build and upgrade our clients' systems 
to "competitive advantage status." (source: company press 
release)

Why We Like It:
Despite the Nasdaq's potential hurdles between 1925 and 1950 the 
GSO.X software index is looking pretty strong.  The dip on 
Wednesday brought the GSO.X down to the 165 level for bouncing 
higher by the close.  Friday's rally helped push the index back 
over the 170 level.  If software is going to be a leader in the 
any end of year market rally then CBR might just enjoy the ride 
on the way.  CBR has been struggling with its 200-dma for a few 
weeks and appears to have successfully conquered it.  The last 
few days have been positive and the dip on Wednesday pulled 
shares of CBR down to 6.77 before bulls stepped in to buy the 
dip.  Now with shares back over the $7 level we're aiming for the 
next leg up.  There appears to be multiple levels of resistance 
above us at 7.25, 7.50, 7.65, 8.00 etc.  However, a look at the 
point-and-figure chart shows the stock in a nice column of Xs 
heading higher.  Actually, it looks like the p-n-f chart is 
building a pennant formation with lower highs and higher lows - 
coiling for an eventual breakout one way or the other.  If this 
is true then the CBR can still rally to the $8.50 level to mark 
that lower high.  Thus our eventual target is $8.50 but don't let 
that stop you from taking profits if CBR trades anywhere near 
$8.00.  We're going to start the play with a stop a couple of 
cents below Wednesday's low (6.74).

Picked on November 23rd at $ 7.15 
Gain since picked:          +0.00
Earnings Date               10/29 (confirmed)





  ----------------
  New Bearish Play
  ----------------

Renaissance Learnings - RLRN - cls: 25.16 change: +0.59 stop: 27.51

Company Description
Renaissance Learning, Inc., is a leading provider of 
comprehensive school improvement programs to K-12 schools and 
school districts, including research-based software products, 
teacher training, and consulting. The Company's software 
products, called learning information systems and adopted by more 
than 58,000 schools, give students and teachers continuous 
constructive feedback that helps motivate students, dramatically 
accelerate learning, improve test scores, and helps students 
master all standards, while reducing teacher paperwork. The 
flagship software product, Accelerated Reader, is the most 
widely-used reading software in K-12 schools.  
(source: company press release)

Why We Like It:
We like RLRN as a short play due to its recent breakdown, failure 
to rally in light of a very broad market run up and the 
prevailing long-term down trend.  A quick study of the chart 
shows that investors really use round number price levels as 
support and resistance for RLRN.  Any $5 level, $40, $35, $30, 
etc... are used as pivots to cover or buy the bounce and vice 
versa to short and take profits.  On Monday the stock fell below 
the $30 and traded to $25 on news that a broker actually 
downgraded the stock from a "hold" to a "sell".  Since then any 
bounce higher has been met with more selling pressure.  Entering 
the play now at the $25 level should be able to allow for a full 
range of movement (one way or the other).  Obviously, if you're 
bullish on the stock this is where you want to buy it in hopes of 
a rebound back to $30.  However, it looks like the bears are 
really leaning on it with the recent lower highs.  While we are 
going to start the play with a stop at $27.51 we could see where 
more conservative players might try to use something tighter.  A 
stop above Wednesday's high of $25.74 (say 25.75) wouldn't be a 
bad idea either.  Our target to close the play is $20.15.  If 
RLRN trades to this level intraday we'll exit for a profit.  
Confirm stock direction before initiating a position.  

Picked on November 23rd at $25.16 
Gain since picked:          +0.00
Earnings Date               10/15 (confirmed)





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

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

Nokia Corp - NOK - close: $24.18 change: +0.53 stop: 22.75  

Here we go.  Can the markets make the end of year rally a reality 
after such a run up from September?  Shares of NOK have bounced 
higher from its 200-dma but the rally on Friday was more a lack 
of sellers than real buying.  The stock did clear the $24 mark 
but $25 is a strong psychological level that needs to be 
achieved.  If NOK can trade through this resistance it should be
able to run to $27.50 without too much trouble.  Traders should 
decide now how they want to prepare for Nokia's annual analyst 
meeting this coming Tuesday.  It's a great opportunity for NOK to 
be optimistic and talk about the future while analysts get to 
play with the new products, like handsets with color screens.  
The challenge is the economic downturn has been torture on the 
handset business.  The stock has run up recently on hopes that 
the economy will be improving next year and the world might be 
ready to start adopting the 3G networks, which in turn would 
spark a new round of handset buying to capitalize on this new 
high bandwidth system.  There is no way of knowing if the 
analysts will leave the meeting feeling bullish or bearish.  If 
the stock rallies on Monday then more conservative traders may 
want to consider closing their position with a profit.  Or you 
could merely tighten your stop but if any bad news comes out 
after the market is closed on Tuesday then NOK will probably gap 
down on Wednesday.

Picked on November 21st at $23.00 
Gain since picked:          +1.18
Earnings Date               10/19 (confirmed)




---

! Trading Note !

On Tuesday, November 20th, we listed four tech stocks with 
specific entry points to consider new bullish plays should the 
stocks pull back.  NOK was the only one to be triggered in 
Wednesday's session.  We are going to cancel the current entry 
points for PMCS, SYMC and VRTS.


  --------------------
  Bearish Play Updates
  --------------------

Western Wireless - WWCA - cls: 25.85 chg: +0.05 stop: 26.40 *new*

WWCA continues to slide sideways but this time it appears to be 
doing so underneath the $26 level.  We're going to lower our stop 
to breakeven at $26.40 as it looks like the $26.20 level might 
hold as new resistance if shares break over $26.00 again.  Bears 
can look for new entries but be sure you confirm stock direction 
and use a stop.  The way the WWCA continues to drift lower it 
could be setting up for the next leg down.  Unfortunately, as the 
stock fails to move the MACD is flattening out.  

Picked on November 9th at $26.40 
Gain since picked:         +0.65
Earnings Date              11/07 (confirmed)





===============
NB Closed Plays
===============

  --------------------
  Closed Bearish Plays
  --------------------

ESS Technology - ESST - close: 16.10 change: +0.66 stop: 16.05

Hello?  Where have all the sellers gone?   While the big bears 
were home feasting on turkey the lack of selling pressure allowed 
the retail buyer to do a little shopping.  Looks like someone 
thought ESST was on sale.  We were stopped out quickly but don't 
have a lot of faith in this rebound.  ESST could still trade to 
our target of $12.50 with Friday's move just a speed bump on the 
way down.  The stock did rollover near $16.50 and remains under 
its 10-dma.  Whether you're bullish or bearish on the stock keep 
an eye on it next week when everyone gets back from the holiday 
weekend.  

Picked on November 21st at $15.44 
Gain since picked:          -0.61
Earnings Date               10/24 (confirmed)






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

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

  ----------------
  New Bearish Play
  ----------------

Panamerican Bev Inc - PB - close: 14.95 change: -0.05 stop: 15.51

Company Description
Panamco is the largest soft drink bottler in Latin America and 
one of the three largest bottlers of Coca Cola products in the 
world. The Company produces and distributes substantially all 
Coca-Cola soft drink products in its franchise territories in 
Mexico, Brazil, Colombia, Venezuela, Costa Rica, Nicaragua and 
Guatemala, along with bottled water, beer and other beverages in 
some of these territories. Panamco is an anchor bottler of The 
Coca-Cola Company. (source: company press release)

Why We Like It:
Shares of PB were crushed in the September sell-off but failed to 
rebound with the rest of the market through October.  There are 
not a lot of news stories on this Latin American bottler for Coke 
but there doesn't seem to be anyone supporting the stock.  I 
glanced over at a chart of CCE and notice that it two was 
starting to roll over even though it had rallied with the market.  
The real trigger for PB was on Wednesday when shares broke down 
below the $15.25 - $15.00 level of support.  The strong rally on 
Friday did nothing to reverse this bearish signal and shares 
slipped another five cents.  Our initial target is going to be 
$13.25 as the lows back in November/December of 2000 were all 
near $13.05 to $13.15.  However, if the stock finds too much 
support near $14 we may decide to close the play there.  One 
could try to limit their risk even more by placing a stop above 
Wednesday's high but we're going to see if the 10-dma can hold as 
resistance.  Confirm stock direction first before starting any 
new positions.

Picked on November 23rd at $14.95 
Gain since picked:          +0.00
Earnings Date               10/30 (confirmed)





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

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

General Electric - GE - close: 41.02 change: +0.57 stop: 39.90 

This is not your get rich quick stock to trade.  GE has been 
stuck in the same trading pattern for days with support near $40 
and resistance near $41.60.  As you know many (and we do mean 
many) traders, investors, fund managers all view GE as a proxy 
for the market.  Even though the stock seems to be under 
performing the Dow in recent weeks any prolonged market rally 
will be hard pressed to keep going without GE's participation.  
Thus if the Dow can breakthrough the 10K level the GE should be 
able to keep its own ascent on track.  However, if the Dow breaks 
down then GE will likely pull its own duck and dive routine.  The 
real challenge here is that GE remains under its 200-dma 
(currently 43.72) and still has a lot of price congestion between 
$40 and $42.50.  Stay true to your stops.  There will always be 
new entry points.

Picked on November 8th at $40.10
Gain since picked:         +0.92
Earnings Date              10/24 (confirmed)






==================================================================
HIGH RISK/HIGH REWARD (HR) section
==================================================================

============
HR New Plays
============

  -----------------
  New Bullish Plays
  -----------------

Acclaim Entertainment - AKLM - close: 6.00 change: +0.00 stop: 5.49

Company Description
Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a 
leading worldwide developer, publisher and mass marketer of 
software for use with interactive entertainment game consoles 
including those manufactured by Nintendo, Sony Computer 
Entertainment, Sega and Microsoft Corporation as well as personal 
computer hardware systems. Acclaim owns and operates four studios 
located in the United States and the United Kingdom, and 
publishes and distributes its software directly in North America, 
the United Kingdom, Germany, France, Spain, Australia and the 
Pacific Rim. Acclaim also distributes entertainment software for 
other publishers worldwide, publishes software gaming strategy 
guides and issues "special edition" comic magazines from time to 
time to support its time valued brands, Turok and Shadow Man. 
(source: company press release)

Why We Like It:
AKLM is pretty much a momentum play and a holiday season momentum 
play at that.  Shares have made a tremendous comeback since the 
September lows and with Christmas shopping season upon us we're 
bound to hear more and more about the growing gaming industry.  
The market was keenly aware of MSFT's Xbox launch last week and 
recent reports from Nintendo said they expect to be sold out of 
their 700,000 Game Cubes by the end of this weekend.  Game Cube 
fans need not worry.  Nintendo plans to ship another 100,000 
units each week throughout the rest of the year.  As one of the 
leading software game manufacturers the craze and expected battle 
between Nintendo, Sony and Microsoft can do nothing but help AKLM 
make more sales and get more exposure.  The stock has been 
hugging its 10-dma as support for weeks and the recent surge up 
to the $6.00 level fell back to find support again at the 10-dma.  
Tuesday and Wednesday saw the stock run higher and Friday shares 
actually closed unchanged after a very thin day.  We're going to 
start the play with a stop at $5.49 but traders might be able to 
shave a little more risk away with a stop under Wednesday's low 
(5.70) or the 10-dma (currently 5.75).  The point-and-figure 
chart has a huge bullish price objective but short-term traders 
should plan now what they are willing to exit the play at for a 
profit.  I would consider $7.00, $7.50 or $8.00 possible exit 
points.  Be sure to follow up by adjusting your stops.  

Picked on November 23rd at $ 6.00 
Gain since picked:          +0.00
Earnings Date               10/24 (confirmed)





  ----------------
  New Bearish Play
  ----------------

Intrado Inc - TRDO - close: 27.23 change: -0.53 stop: 28.61

Company Description
Founded in 1979, Intrado Inc. is pioneering the technology of 
Informed Response(TM) by providing telecommunications companies 
and public safety organizations with accurate, efficiently-
delivered, mission-critical information -- enabling them to 
respond effectively, anywhere and anytime, regardless of 
location, device or protocol.  The company's unparalleled 
industry knowledge in data management, network transactions, and 
notification technology reduces the effort, cost, time and 
complexity associated with providing reliable communications 
information for 9-1-1, safety and commercial applications. 
(source: company press release)

Why We Like It:
You've probably heard the phrase; "The trend is your friend".  
For TRDO, the new trend is down.  Previously named SCC 
Communications, the stock seemed to have a volatile year through 
the summer months with wide swings both up and down forming a 
very wide channel.  Shares fell with the rest of the market in 
September but even the late September moves were pretty violent.  
October started to soften things out as the broader market ran 
higher.  However, about mid-October TRDO ran out of gas and the 
MACD has been negative ever since.  It probably had something to 
do with its 3Q loss widening despite an 80% increase in revenues.  
TRDO is now trading in a wide descending channel and four days 
ago it ran into resistance near the top of that channel.  Three 
days ago it fell below its 50-dma and now it appears to be 
picking up a little speed.  There is probably round number price 
support at $25 but the bottom of the channel should be between 
$22.50 and $20.00.  We're going to target $22.50 and if shares 
trade there intraday we'll close the play for a gain.  To start 
the play we'll put our stop just over Tuesday's high at 28.61.  
Once TRDO begins to confirm the move down we'll snug our stop 
tighter as it progresses.  As long as the stock remains under 
its 50-dma we should do okay.

Picked on November 23rd at $27.23 
Gain since picked:          +0.00
Earnings Date               10/25 (confirmed)





===============
HR Play Updates
===============

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

SBA Communications - SBAC - close: 11.20 change: +0.40 stop: 9.65

Where you looking for a better entry point?  On Wednesday, shares 
of SBAC pulled back to the lower end of the 10.50 to 10.25 level 
we discussed on Tuesday.  Looks like buyers were waiting for the 
dip and pushed the stock up off its lows.  From there the post-
Thanksgiving rally fueled a run to 11.80 but SBAC fell from its 
highs by the ending bell.  We still feel the stock has potential 
but now that we've gotten a pull back towards support traders 
need to see SBAC over the 11.50 level soon.  There is obvious 
resistance at $12.00 but once through it SBAC should be able to 
run to $14.  Remember, if SBAC trades to $13.90 we'll close the 
play with a profit.

Picked on November 16th at $10.66 
Gain since picked:          +0.54
Earnings Date               11/13 (confirmed)




---

TMP Worldwide - TMPW - close: 40.51 change: +0.87 stop: 37.69

Could it be a case of buying what you know?  With one of the 
leading job placement/posting websites on the Internet at 
Monster.com, odds are good that TMPW's website received a lot of 
traffic this weekend.  I wonder if they have any openings for a 
defensive coordinator.  The Nebraska Cornhuskers might be looking 
for a new one.  Focusing back on TMPW we see that the stock put 
in a good performance on Friday by closing above the $40 level.  
This is a very positive bullish development but the lack of 
volume on Friday doesn't give it a lot of strength.  Traders will 
probably want to confirm the move higher on Monday or look for a 
possible pull back to $39.00 as it vacillates higher.  

Picked on November 21st at $39.64 
Gain since picked:          +0.87
Earnings Date               11/15 (confirmed)





  --------------------
  Bearish Play Updates
  --------------------

eBay Inc - EBAY - close: 61.58 change: +0.72 stop: 61.60

Derailed by a turkey.  Yes, our bearish play on EBAY has been 
stopped cold by the historical Thanksgiving rally.  The stock 
continues to have strong resistance at $62.50 to $63.00 but EBAY 
turned in a strong bounce on Wednesday hitting a low of $58.30 
but closing at $60.86.  As it stands now we're only two cents 
from being stopped out.  Considering that EBAY closed at its high 
for the day on an upswing we will likely be stopped out at the 
open on Monday.  This play may not have worked this time but keep 
an eye on EBAY.  With both the Dow and the Nasdaq butting up 
against resistance we may get another chance.  If the markets 
rollover and succumb to a more prolonged down turn then EBAY 
could returned to $55 or $50.  Bears can watch for failed rallies 
near $62.50 but confirm overall market direction first.

Picked on November 20th at $59.11 
Gain since picked:          -2.47
Earnings Date               10/18 (confirmed)




---

Intel Corp - INTC - close: 31.07 change: +0.26 stop: 31.31 

As the SOX turns in the second day of a rebound after its multi-
day slide last week shares of Intel also bounce higher.  We came 
within six cents of being stopped out in Friday's rally but even 
a strong lack of sellers wasn't enough to close the play.  
Unfortunately, we expect to be stopped out early on Monday 
morning.  Be that as it may the $32 level remains very strong 
resistance on INTC's point-and-figure chart and its daily price 
chart (really $32.50).  Once again we failed to follow our own 
suggestion and close the play on Tuesday before heading into the 
historical Thanksgiving rally.  There is still reason to be 
concerned that the chip sector is very overbought and could see 
more extended profit taking but that doesn't mean they can't run 
higher first.

Picked on November 15th at $30.78 
Gain since picked:          -0.29
Earnings Date               10/16 (confirmed)







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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         Weekend Edition 11-23-2001
                                                   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
=================================================================
To view this email newsletter in HTML format with imbedded
charts and graphs, click here:
http://www.PremierInvestor.net/htmlemail/7077_3.asp
=================================================================

In section three:

Market Watch for Week of November 19th
   - Major Earnings
   - Stock Splits
   - Economic Reports

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)      

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


==================================================
Market Watch for the week of November 19th
==================================================

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

Symbol  Company               Date           Comment      EPS Est   

------------------------ MONDAY ------------------------

BCM     Can Imp Bank of Com   Mon, Nov 26  -----N/A-----      N/A
CPRT    Copart                Mon, Nov 26  After the Bell    0.20
DCI     Donaldson             Mon, Nov 26  After the Bell    0.42
ITY     Imperial Tobacco      Mon, Nov 26  Before the Bell   1.09
TECD    Tech Data             Mon, Nov 26  -----N/A-----     0.51

------------------------ TUESDAY ------------------------

BMO     Bank Of Montreal      Tue, Nov 27  -----N/A-----      N/A
FNSR    Finisar               Tue, Nov 27  After the Bell   -0.05
KM      K Mart                Tue, Nov 27  Before the Bell  -0.27
MDT     Medtronic             Tue, Nov 27  After the Bell    0.29
PLL     Pall                  Tue, Nov 27  After the Bell    0.12
AHO     Royal Ahold N.V.      Tue, Nov 27  -----N/A-----     0.36
TKA     TELEKOM AUSTRIA AG    Tue, Nov 27  Before the Bell    N/A
VIP     Vimpel Communications Tue, Nov 27  Before the Bell    N/A

------------------------ WEDNESDAY ------------------------

ADCT    ADC                   Wed, Nov 28  After the Bell   -0.07
BRCD    Brocade Comm Systems  Wed, Nov 28  After the Bell    0.04
CSG     Cadbury Schweppes     Wed, Nov 28  Before the Bell    N/A
DT      Deutsche Telekom      Wed, Nov 28  Before the Bell    N/A
EV      Eaton Vance           Wed, Nov 28  Before the Bell   0.44
HRB     H & R Block           Wed, Nov 28  After the Bell   -0.20
MIKE    Michaels Stores       Wed, Nov 28  -----N/A-----     0.53

------------------------ THURSDAY ------------------------

BKS     Barnes&Noble          Thu, Nov 29  Before the Bell  -0.10
OTE     Hellenic Telecom      Thu, Nov 29  Before the Bell    N/A
IOG     Innogy Holdings       Thu, Nov 29  -----N/A-----      N/A
MEE     Massey Energy Company Thu, Nov 29  -----N/A-----     0.07
NMGa    Neiman Marcus Group   Thu, Nov 29  Before the Bell    N/A
NOVL    Novell                Thu, Nov 29  After the Bell    0.00
PFP     Premier Farnell       Thu, Nov 29  -----N/A-----      N/A
SIGY    Signet Group          Thu, Nov 29  -----N/A-----     0.06
UU      United Utilities      Thu, Nov 29  Before the Bell    N/A

------------------------ FRIDAY ------------------------

- None - 


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

Upcoming Stock Splits This Week...

Symbol  Company Name          Splits  Payable    Executable
  
AMHC    American Health       3:2     11/23      11/26
MIKE    Michaels Stores       2:1     11/26      11/27
EPIQ    EPIQ Systems          3:2     11/30      12/03
PSC     Philadelphia Suburban 5:4     11/30      12/03
LABL    Multi-Color Corp      3:2     11/30      12/03


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

The reports that investors will be watching this week are
the Consumer Confidence and Existing Home sales numbers on 
Monday.  The end of the week also offers half a dozen other
reports including the Chicago PMI report on Friday.


Monday, 11/26/01
----------------
None


Tuesday, 11/27/01
-----------------
Consumer Confidence    Nov  Forecast:   86.5  Previous:   85.5
Existing Home Sales    Oct  Forecast:  5.00M  Previous:  4.89M


Wednesday, 11/28/01
-------------------
Fed’s Beige Book


Thursday, 11/29/01
------------------
Durable Orders         Oct  Forecast:   1.8%  Previous:  -8.5%
Initial Claims       11/24  Forecast:    N/A  Previous:     52
New Home Sales         Oct  Forecast:   850K  Previous:   864K


Friday, 11/30/01
----------------
Chain Deflator-Prel.    Q3  Forecast:   2.1%  Previous:   2.1%
GDP-Prel.               Q3  Forecast:  -0.8%  Previous:  -0.4%
Chicago PMI            Nov  Forecast:   45.5  Previous:   46.2



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

ING     Ing Groep Iv               27.40     +0.99
IC      Icici Limited Ads           6.50     +0.60

--------------------------------------- 
Breakout to Upside (Stocks $5 to $20) 
--------------------------------------- 
Ticker  Company Name               Close     Change 

SERO    Serologicals Corp          19.19     +1.29
NEOF    Neoforma Inc               17.43     +1.07
NTLO    Ntelos Inc                 10.80     +2.25
ARDM    Aradigm Corp                6.92     +1.12

--------------------------------------- 
Breakout to Upside (Stocks over $20) 
--------------------------------------- 
Ticker  Company Name               Close     Change 

MBT     Mobile Telesys             37.89     +3.37


----------------------------------------- 
Breakout to Downside (Stocks over $20) 
------------------------------------------- 
Ticker  Company Name               Close     Change 

SHPGY   Shire Pharama Group        36.86     -1.19

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

- None -



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