Option Investor
Newsletter

Daily Newsletter, Friday, 11/30/2001

HAVING TROUBLE PRINTING?
Printer friendly version
PremierInvestor.net Newsletter          Weekend Edition 11-30-2001
                                                    section 1 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/8321_1.asp
=================================================================

In section one:

Market Wrap:      The fuse has been lit
Play-of-the-Day:  New Eleven Month High!
Watch List:       JAKK, MOVI, KTC, BBY, ABGX and more!
Market Sentiment: Stuck in Neutral

------------------------------------------------------------------
U.S. Market Numbers
------------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
------------------------------------------------------------------
       WE 11-30         WE 11-23         WE 11-16         WE 11-11
DOW     9851.56 -108.15  9959.71 + 92.72  9866.99 +258.99  +284.46
Nasdaq  1930.58 + 27.39  1903.19 +  4.61  1898.58 + 70.10  + 82.75
S&P-100  584.80 -  8.47   593.27 +  5.20   588.07 + 10.08  + 18.00
S&P-500 1139.45 - 10.89  1150.34 + 11.69  1138.65 + 18.34  + 33.11
W5000  10531.45 - 64.95 10596.40 +109.73 10486.67 +189.46  +280.40
RUT      460.78 +  2.36   458.42 +  7.11   451.31 + 13.21  +  5.03
TRAN    2511.78 - 23.12  2534.90 + 37.53  2497.37 +176.68  + 74.03
VIX       26.14 +  1.36    24.78 -  2.39    27.17 -  1.59  -  3.64
VXN       48.45 -  2.36    50.81 -  4.23    55.04 -  3.55  -  2.60
TRIN       1.19             0.70             0.99             0.90
TICK       +852             +976             +750             +784
Put/Call    .63              .61              .50              .74
------------------------------------------------------------------
WE= week ended

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

The fuse has been lit

There were no fireworks today, even though last night I felt 
there might well be some.  Maybe today's market was like a 
firecracker.  The "fuse" has been lit and perhaps it's now 
burning.  The questions remain..."Will the fuse stay lit and what 
type of powder charge is at the end of the fuse?"

After the beginning of trading for stocks, we did see that 5-year 
Treasury YIELD ($FVX.X) break below the 4.076% YIELD level.  The 
session low for YIELD was 4.019% and closing YIELD was at 4.055%.  
Based on last night's market wrap, the fuse in the 5-year YIELD 
and a potential scenario for liquidity concern is now lit.  Next 
week we need to be monitoring this "fuse" to see if it's still 
burning (YIELD falling from buying in the bond is my scenario for 
falling equity prices) or if the MARKET is willing to sell that 
bond and generate some liquidity for further purchase of stocks.  

Remember... it's not just the 5-year YIELD.  We need to be 
watching the 13-week, 10-year and 30-year also.  I've talked 
about "domino theory" and we're definitely seeing it at work here 
right now.  The 13-week is the "safest" of the Treasuries and 
YIELD there is now at 1.73%.  This is the LOWEST YIELD for this 
bond this year!

Do you sense the domino effect taking place?  The 13-week YIELD 
is at a new low.  The 5-year YIELD is just starting to break some 
levels of short-term support as money may not like the 1.73% 
YIELD in the 13-week and opts for the higher YIELD of the 5-year 
at 4.05%.  Is the 10-year YIELD next at 4.744%?  I'm not sure on 
this one and not too sure it matters right now.  The reason I'm 
focusing a bit more on the 5-year right now is that we can really 
see the difference in the risk/reward between the 13-week/5-year, 
but the risk/reward between the 5-year and 10-year is entirely 
different.  The risk is the difference of 5-years, while the 
reward difference is that of the YIELD.  If we stack the 
"dominos" from 13-week, 5-year and 10-year YIELD, we get 1.73%, 
4.05% and 4.74%.

In my opinion, today's action in the bond market was a near-term 
negative for stocks.  If YIELDS continue lower (further buying in 
Treasuries), I think this negative grows near-term.  Does this 
mean we take our chips off the table and just go home?  No way!  
I think PremierInvestor.net has shown subscribers that under any 
market condition we can make some money for traders and 
investors.

I spent a lot of time again tonight on the bond market, but 
that's where I'm seeing some of the more "important" events 
taking place right now to give guidance on near-term market 
action.

Today, stocks were rather range bound and quite mixed.  There 
wasn't a heck of a lot that took place on a broader scale.  Just 
before 03:00 PM EST, we did get our upside alert in shares of 
AT&T (NYSE:T) as bullish at $17.79 as discussed in Wednesday's 
market wrap.  When the stock was trading $17.80, I ran a quick 
relative strength calculation vs. the S&P 500 and the reading was 
the needed 15.50 to have the RS chart in a column of X's.  The 
stock faded in the last hour of trading to close at $17.46.  This 
is a near-term disappointment, but not a failure.  There's not 
too many stocks I'm bullish on right now, but I won't let the 
last hour of trading in T have me thinking I've made a drastic 
mistake.  In Wednesday's wrap, T was ranked #18 in our Dow 
portfolio based on Sept. 10th close and today's ranking is #16.  
Here alone you can see some of the short-term RS improvement in 
the stock vs. some others.

Let's quickly discuss something here related to AT&T at $17.80 
action point and that of bond YIELDS.  During the trading 
session, a trader monitoring T as bullish sees the stock breaking 
above his/her identified action point, but bond YIELDS are lower 
and view that as a potential broader stock market negative.  Do I 
trade against my "bond indicator" or take the trade?  This is a 
dilemma you will be faced with more than once from here on out.  
My vies is ALWAYS trade the stock, then your other indicator.  
Why is this?  Turn the table and imagine you are short X-number 
of shares of T and you're stop was at $17.80.  Do you risk a move 
against you just because your "indicator" is telling you that 
broader market negativity is present?  Your answer should be NO!  
You would stick with your plan and remove that risk from your 
account and close the trade.

OK... but that is removing risk from your account.  What about 
adding risk to your account with a bullish trade in shares of 
AT&T (T)?  This is where trade size and risk management plays 
such an important role in your account management.  While the 
stock was "telling" me to buy it based on previous analysis and 
trade set up, today's bond market action played against a bullish 
scenario for the broader market and not all of our stars were 
aligned.  What can I do?  I can limit my trade size.  Again.. if 
your trading discipline is that you usually put $5,000 (whatever 
amount you usually invest/trade) in a stock trade, then today a 
trader may have only put $2,500 in the trade (reduced their 
capital exposure).  What if bond YIELDS reverse course on Monday 
based on something that happens over the weekend?  What if AT&T 
gets some type of blockbuster bid for their broadband assets?  A 
trader may want some bullish exposure when their previous 
analysis was "bullish above $17.79."  If one of your offsetting 
indicators for taking a trade bullish is telling you to be 
careful (like bond YIELDS are perhaps telling us) then don't take 
the trade, or do take the trade, but just scale back your 
exposure.  Don't necessarily let one of your indicators being 
negative keep you from taking a trade.  If 5 indicators are 
saying "buy" and one is saying "be careful" then be careful, but 
don't let that 1 negative be the overriding determiner.

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




The Dow Industrials had a net loss of 1 stock from those that 
have been able to close above the September 10th close.  That one 
stock was General Electric (NYSE:GE).  This week, 
PremierInvestor.net dropped the stock from its bullish play list 
at $39.90, just under the $40 level we thought was its pivot 
point.  Ironic that shares of General Electric (NYSE:GE) would 
fall from the top #15 and actually close back below its September 
10th close.  Sounds like a good stock to have cut from the 
portfolio with a 20-cent a share loss from profile at $40.10.  
General Electric looks to also be an attractive stock for bears 
to be taking a look at too.

One notable upside mover this week was AT&T (NYSE:T), which moved 
up 5 slots this week to #16.  

Also notable are shares of Merck (NYSE:MRK) and its move back 
into the "upper 15".  Shares of Merck "drugs" are more of a 
"defensive" name and it's starting to rotate back up the scale.

Merck Company Chart - $1 box




The point and figure chart of MRK is looking compelling for a 
longer-term investor.  The stock is beginning to rotate up the 
scale in our Dow Portfolio and a trade at $69 would be a double-
top buy signal just outside of its longer-term bearish resistance 
trend.  That trading at $64, which gave the double-bottom sell 
signal right on our upward blue trend is beginning to look like a 
"bear trap."  The reason I think this, is that the chart is 
showing us two separate "low pole" warnings.  You can almost 
imagine that there is some type of institutional buying that has 
kicked in at the $61-$68 level to get that big position built.  
Then that momentum carries over for awhile from momentum traders 
for a couple of points higher, and then the big pullback.  This 
type of action is very congruent with how longer-term 
institutional buying is done.  Buy it up, stop.... let it pull 
back.  Buy it up, stop.... let it pull back.  The "bear trap" is 
created by the specialist to get some liquidity for another big 
bullish order that gets the last of the weak hands out of the 
stock, then the longer term move begins.  One to keep an eye on 
for longer-term investors.

Last Friday we noticed that shares of Hewlett Packard (NYSE:HWP) 
had fallen back to the #6 slot after a prior-week ranking of #1.  
We thought that rotation lower was simply a case of profit taking 
and that looks to have been the case based on this week's action.  
Shares of HWP made a nice move higher in the past two sessions 
from the $20 level and have battled back to a #2 ranking.  The 
stock gained $1.05 on the week.

It's interesting to note that "big tech" in the Dow Industrials 
dominates the #1, #2 and #3 slots.  The other "big tech" stock, 
Microsoft (NASDAQ:MSFT), finished the week in the #10 slot, which 
was where the stock was at last week.  Even so, the stock did 
lose $0.50 per share on the week.  With big tech looking strong, 
bullish traders may want to keep an eye on MSFT as bullish should 
we get a snap back higher in bond YIELDS next week.  If "big 
tech" is where it's at, then why not look to a stronger stock 
that also looks to have been pulling back on profit taking in 
recent weeks.  On Wednesday, shares of Microsoft pulled right 
into its 200-day moving average at $62.80, then bounced to the 
$65 level on Thursday.  The relative strength chart of MSFT vs. 
the Dow Industrials is still in a column of X's with a reading of 
RS=6.52.  A RS reading of 7.00 would have the stock giving a RS 
"buy signal."  This would have us making the observation that 
MSFT hasn't just been outperforming the Dow Industrials on a 
near-term basis, but beginning a stage of longer-term out 
performance.

Another stock mentioned in last Friday's wrap was Philip Morris 
(NYSE:MO).  Commentary there had us looking at a "high pole" 
warning and observation that a bullish count back in August of 
2000 had been achieved earlier this year.  This week, shares of 
Philip Morris (MO) did trade that double bottom sell signal at 
$45, but has since rallied right back up to a rounding 200-day 
moving average of $47.82.  Now we have the bar chart and its 
longer-term moving average (the 200-day MA) and a break below 
longer-term upward trend on the point and figure chart (bullish 
support).  This stock is sure acting like it is beginning to 
enter a stage of longer-term distribution.  This one looks like a 
relatively "lower risk" short candidate with a stop just above a 
3-box reversal of $48.  This trade would play very much into some 
bond YIELD action.  Last week we thought that the 4.91% dividend 
of MO might be at risk on a move higher in YIELD.  The stock did 
finish the week higher by $0.27 a share as Treasury YIELDS fell 
this wee, but the longer-term bearish picture developing in the 
chart of MO is what we're after.  Should we get a snap back 
higher in YIELD next week, look for this stock to see some 
selling pressure.  What will be even more interesting is if 
YIELDS head lower and MO does also.  That will give us even 
greater hint that the shares are losing sponsorship longer-term.

Philip Morris (MO) is a great "market contrary" stock.  It 
provides better "information" on the longer-term basis, as it is 
very "defensive" type of stock.  

Philip Morris Chart - 




The above chart of Philip Morris (MO) is a weekly interval chart.  
The retracement bracket was "fitted" from the "anchor" and "fit" 
points indicated on the chart.  It's charts and retracement like 
that found in the Philip Morris (MO) chart that really convinces 
me that the MARKET trades levels.  That recent rally in early 
October near 19.1% retracement looks suspicious, as if the MARKET 
was determined to sell that $51.78 level.  With the 200-day 
moving average rolling near $48, a bearish trade with a stop just 
above that 200-day MA provides a "low risk" and potentially high 
return type of trade for a short.  I'd want a tight stop on a 
bearish trade right now with the action we've been seeing in bond 
YIELDS, but if institutions are looking to get out of the stock 
that got in from the $19-$34 range, this one could have some 
downside.

Weekly averages and sector updates

The weekly market watch we do every Friday remains rather 
perplexing, but extremely fascinating!  What in the world is 
going on with those disk drive stocks?  The Disk Drive Index 
(DDX.X) was the most impressive "technology" related index this 
week.  After a $1 drop last week (that was a pullback?) the index 
managed to gain 3.2% on the week.  Remember our bullish play in 
Hutchinson Technology (NASDAQ:HTCH) from a couple of weeks ago 
that got stopped out just under a bullish trader's entry after a 
terrible earnings report?  Hutchinson finished the week at 
$20.97, which is just about $1 higher than where traders were 
stopped out of a break-even trade.  Even after a horrible 
quarterly earnings announcement on November 6th.  Out of the last 
10-week, the Disk Drive index (DDX.X) has been down only 1 week 
out of the last 10!

Read-Rite Corporation (NASDAQ:RDRT) $6.70 +0.29 today.  Here's a 
stock in the disk drive sector for aggressive bulls to keep an 
eye on.  On Monday, shares of RDRT broke a downward trend dating 
back to January of this year.  The stock rallied right up to 
resistance at $6.70, which is 50% retracement.  On Tuesday, the 
stock stuck its head above that level, but just couldn't make the 
move higher.  RDRT has been trading in a tight range all this 
week, but next week might be a break-through.  This stock can 
move when it gets going.  With Hewlett Packard (HWP) and 
International Business Machines (IBM) holding the #2 and #3 slot 
in our Dow Industrials portfolio, it sure seems like the disk 
drive stocks are exhibiting some of the same type of bullishness.  
A strong surge from RDRT near-term could see a run to the $9 
level and that would be a 34% move from today's close.  For an 
aggressive bull, that may be enough near-term upside potential 
for bullish entry on a break above $6.70 and a stop below the 
61.8% retracement level of $5.80.  A momentum trader could also 
trade the stock at $6.71 and follow with a very tight stop just 
under today's low of $6.50.  It's one of the few stocks in the 
sector right now where the technicals look like the stock is 
coming out of a base and tight range of consolidation where risk 
can be controlled.




The only other equity index that really showed some gusto this 
week to the upside was the Gold/Silver Index (XAU.X).  What's up 
with that?  There's no inflation in the economic data at all.  
Perhaps the action their is just short covering, but it may also 
be some input from the market that economic growth is on the 
horizon and that might begin bringing some inflation into the 
picture.  The technicals are still rather bearish for the group, 
as the 200-day MA and 50-day MA are just ahead at the $55 level.  
Risk/reward in any type of sector trade right now is 50/50 and 
I'm not much for trying to pick an extreme bottom so I'm staying 
away from the group right now.  

Engelhard (NYSE:EC) $27.95 +1.85% today.  Here's a "gold-related" 
stock that a bullish trader might want to be monitoring near-
term.  While I'd classify the stocks as a "chemical" stock and be 
monitoring the Chemical Index (CEX.X) along with the Gold/Silver 
Index (XAU.X), the company also provides services to precious and 
base metal customers.  Overhead supply is thin and this one has 
really battled back from a September 21st low of $18.20 to 
current trading levels of $27.95.  A move above the November 23rd 
relative high of $28.15, could see a test of the 52-week high at 
$29.20 set on May 17th.  I'd consider this a "momentum trader's" 
stock.  Catalyst for further bullishness could come from either 
the Gold/Silver index catching fire, or further bullishness in 
the Chemical Index (CEX.X).  The CEX.X is battling with a long-
term downward trend right here at $430, but a CEX.X move above 
the $440 level combines with a break to a new 52-week high in EC 
could have the stock making further gains.  If you consider 
yourself a "bull rider" that is looking for a wild ride, this 
might fit the bill.

This week's sector losers were the Networking (NWX.X) and Fiber 
Optic (FOP.X) indexes.  This makes some sense as both are closely 
associated and there is some overlap of sector components.  
Trading in these stocks has been very choppy the last two weeks, 
but a short-term lower trend is beginning to develop.  We've been 
trying to manage all trades (bullish and bearish) in the 
technology space with some rather tight stops considering the 
volatility that these types of stocks have.  

Cisco Systems (NASDAQ:CSCO) $20.45 +2.81% today.  You can't talk 
"networking" without mentioning Cisco Systems (CSCO).  While the 
Networking Index (NWX.X) traded lower this week, shares of Cisco 
managed to gain 86 cents a share on the week (+4.38%).  The stock 
has been trading above its 200-day MA for 13 sessions now (broke 
above 200-day on 11/13 at $19.35) and is beginning to look as if 
a longer-term corner is being negotiated.  Next week, the company 
will hold "private" meetings with financial analysts and the 
stock looks to be moving ahead of those meeting today.  CEO 
Chambers has been saying that he's comfortable with guidance and 
trader talk is that next week's meetings with analysts and any 
positive comments from Chambers could create further bullishness.

Natural gas related stocks as characterized by the Natural Gas 
Index (XNG.X) suffered a 5.5% loss this week.  The thus far mild 
winter in the U.S. had created little stimulus for natural gas 
demand and the still present weak economic climate at the 
industrial level remains a problem.  The current debacle that is 
taking place with Enron (NYSE:ENE) isn't helping things and has 
stocks in this group whipping around on a daily basis.  An 
experience trader that is watching things closely on an hourly 
basis can make some money on the swings taking place in the 
sector, but it is very difficult for us to profile a stock in the 
group right now.  The "Enron impact" and daily news about who has 
potential negative exposure and who doesn't is about as clear as 
a bat's eyesight, so we're tending to stay out of the group right 
now until all of Enron's problems are out on the table.  It 
doesn't look as if the company knew what was going on and I don't 
think the MARKET has a much better clew right now either.  With 
so much uncertainty, I'd rather not try and blow our account up 
with a trade in the group.

We've talked a lot about bond YIELDS this week, so everyone is 
pretty much up to date on things there.  The 10-year YIELD fell 
rather sharp this week and this has me cautious on the broader 
market.  This is the "fuse" that I feel has now been lit for a 
broader market decline near-term.  I don't think the recent 
decline is necessarily "bad news" for stocks longer-term as 
YIELDS can always reverse themselves, but near-term I think 
liquidity is going to play a partial role in how the broader 
market averages perform.  We'll watch and comment on how things 
develop here in the sessions ahead, but this week's lower bond 
YIELDS did seem to impact some of the broader market averages as 
the New York Composite (NYA), Dow Industrials (INDU), S&P 500 
(SPX.X) and S&P-100 (OEX) all showed declines of 1% or more.

The more tech heavy NASDAQ Composite (COMPX) and NASDAQ-100 (NDX) 
did show gains, but those stocks can often times carry some 
momentum.  If cash/liquidity is the fuel that drives momentum, 
then bullish traders there most likely want to see some selling 
in bonds next week.

Well.... it's 01:30 AM EST and I'm tired.  Going to go home and 
get some sleep.  Will the might Buffalos of Colorado be able to 
pull off another upset this weekend against the Longhorns of 
Texas in the Big 12 Championship?

Have a great weekend!  I'll be out of the office on Monday, but 
back on Tuesday.  Eric Utley will be filling in for me.

Jeff Bailey
Senior Market Technician


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

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

Sealed Air Corp - SEE - close: 45.90 change: +0.91 stop: 43.99

Company Description
Sealed Air is a leading global manufacturer of a wide range of 
food, protective and specialty packaging materials and systems 
including such widely recognized brands as Bubble Wrap(r) air 
cellular cushioning, Jiffy(r) protective mailers and Cryovac(r) 
food packaging products. (source: company press release)

Why We Like It:
We did well with the Bemis (NYSE: BMS) play so we decided to look 
for other players in the packaging industry.  SEE is one of the 
biggest and we've had our eyes on it for a couple of weeks.  The 
stock has been struggling to breakout above serious resistance at 
$45 and Friday finally produced the buy signal we were looking 
for.  The move up came on volume of 621K versus the average of 
just 374K.  Technically, we should be able to get by with a stop 
just under $45 since resistance broken should become new support.  
However, to give us a little room to get the play going we're 
going to place our stop just under Thursday's low and price 
support of $44.  The stock doesn't have any new resistance until 
it reaches the $52 area but we suspect the $50 mark may act as 
psychological level where traders may decide to take profits.  
This will be our first target but we're going to try and let SEE 
run as far as it can.  The point-and-figure price objective for 
SEE is pretty lofty. A bounce off us $45 could be a great entry 
point for a new long play.  We'll adjust our stop as the play 
moves in our favor.

Picked on November 30th at $45.90
Gain since picked:          +0.00
Earnings Date               10/24 (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.

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

JAKKS Pacific - JAKK - close: 24.99 change: -0.01

WHAT TO WATCH: We strongly considering added JAKK as a bullish play
this weekend and if I was more of a WWF wrestling fan you probably 
could have twisted my arm.  This toy maker is known for its action 
figures of WWF personalities (this is just one line of products).  
The stock has a great trend and shares recently broke out above 
resistance at $24.00.  There was a little bit of profit taking on
Friday but buyers stepped in by the close.  It looks a little
overbought and we'd prefer to jump in near the 10-dma but 
considering the holiday shopping season there may be buyers looking 
for positive press during the month to justify the rally or add
more fuel for the next move up.




---

Movie Gallery - MOVI - close: 24.98 change: -0.17

WHAT TO WATCH:  With over 1000 stores in over 30 states, this
movie rental company should benefit from both the cold weather
and America's new tendency to stay home.  We like the recent
retest of support at the 50-dma but did not like the failed
rally at $26.00 on Friday.  Look for another dip back to the
50-dma or wait for shares to close over $26. 




---

Korea Telecom - KTC - close: 23.25 change: +0.05

WHAT TO WATCH:  This stock has produced a powerful run from 
early October and this last week saw some profit taking after
shares hit resistance at $25.  The last time KTC fell near its
15-dma it quickly rebounded and short-term traders enjoyed
a nice gain.  We think KTC may try it again and a move up from
here to $25 would not be a bad move.  Be prepared for the stock
to gap up and down at the open each morning. 




---

Best Buy Co Inc - BBY - close: 71.39 change: +1.14

WHAT TO WATCH:  The retail sector (RLX.X) may be stuck in a 
two-week trading range but BBY is not going to wait for them.
Shares of this technology-focused retail story have been hot
through October and November and currently set at 52-week
highs.  $70 had been overhead resistance and BBY had hurdled it.
The question is where to next.  Consider a stop under its
10-dma, intermediate horizon players should look to the 15-dma. 
FYI, if you like BBY but think the price is too high, check
out Ultimate Electronics (NASDAQ: ULTE).  This stock is
making a similar move and just crossed its 200-dma a few
days ago.




---

Abgenix Inc - ABGX - close: 36.00 change: +0.35

WHAT TO WATCH:  The biotech bulls are still fighting and the
BTK.X has produced its second day bouncing off its ascending
bullish support line.  There are several biotech stocks that
have strong bullish trends, have broken out above resistance,
or are approaching overhead resistance.  Check out these stock:
GILD, MLNM, ABT, CEPH, BVF. 






-------------------
More Worth Watching
-------------------

We saw several stocks this weekend that really looked attractive
or appear to be fast approaching potential entry points for
both bullish and bearish plays.  The following list provides
some of my favorites from the hundreds of charts we looked
at this weekend.  Good Luck.

Bullish Trends
--------------
 (note, many of these look overbought despite their bullish
  patterns.  Be careful and look for confirmation.)

MCDT - McDATA Corp
PNRA - Panera Bread Company
MRCY - Mercury Computer Systems
DLX  - Deluxe Corp.
GMST - Gemstar-TV Guide Intl.
JNJ  - Johnson & Johnson (potential reversal)
AZO  - Autozone Inc
ADVS - Advent Software Inc
AT   - Alltel Corp
BRCD - Brocade Communications Systems
GCI  - Gannett Co Inc
INTC - Intel Corp (just crossed major resistance)



Bearish Trends
--------------

DRXR - Drexler Technology Corp.
JCP  - J.C. Penny Corp
PLCM - Polycom Inc
PRSE - Precise Software Solutions
AEOS - American Eagle Outfitters
COF  - Capital One Financial



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

Stuck in Neutral
by Russ Moore

Stuck in Neutral. Mixed markets prevailed on this last day of 
November with the blue chips carrying the load while tech stocks 
took a day off. The DOW struggled to get out of first gear, 
ending with a modest gain of +0.2 percent while the NASDAQ 
slipped -0.1 percent, and the big cap NDX dropped -0.2 percent.

Volume was moderate with 1.27 billion shares trading on the NYSE 
and 1.72 billion shares moving on the NASDAQ. Market breadth was 
barely negative with losers edging winners by a 16/15 margin on 
the big board, and 19/18 on the tech index.

Airline, biotech, chemical, forest and paper, gold, retail, 
transportation and oil sectors enjoyed upside moves on the 
broader markets. Hardware and networking sectors managed to buck 
the negative trend on the tech side.

Trim Tabs reported outflows of 6.0 billion dollars on all equity 
funds, while U.S. dominated equities had outflows of 4.4 billion 
dollars.

A revision to third quarter GDP put investors in a cautious mood 
from the outset. However, a reaffirmation of Home Depot’s fourth 
quarter target helped to offset the negative news.

We continue our journey in range-bound land as we look for the 
next market-moving catalyst. A Bin-laden capture, a big-cap 
earnings warning, or an economic shocker i.e. employment number, 
are the likely candidates.


VIX 
Friday 11/30 close: 25.87


VXN
Friday 11/30 close: 48.45


30-yr Bonds
Friday 11/30 close: 5.27


Total Put/Call Ratio: .63


Equity Option Put/Call Ratio: .56


Index Option Put/Call Ratio:  1.24


===

NASDAQ 100 Index (NDX/QQQ)
52-Week High: 103.51
52-Week Low:   28.19
Current close: 39.65

Volume/Open Interest
Maximum calls: 40/137,163
Maximum puts : 40/111,108

Moving Averages
 10 DMA 39
 20 DMA 38
 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: 584.80

Volume/Open Interest
Maximum calls: 640/5,322
Maximum puts : 500/7,320
Moving Averages
 10 DMA  588
 20 DMA  583
 50 DMA  560
200 DMA  606

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: 1139.45

Volume / Open Interest
Maximum calls: 1150/41,365
Maximum puts : 1050/43,554

Moving Averages
 10 DMA 1143
 20 DMA 1131
 50 DMA 1090
200 DMA 1178

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:  9,851.56

Volume / Open Interest
Maximum Calls: 98/26,087
Maximum Puts   90/48,246

Moving Averages:
 10 DMA  9,878
 20 DMA  9,744
 50 DMA  9,356
200 DMA 10,157

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: 605.00

Volume / Open Interest
Maximum Calls: 620/  751
Maximum Puts:  540/1,155

Moving Averages
 10 DMA 598
 20 DMA 585
 50 DMA 527
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: 518.95

Volume / Open Interest
Maximum Calls: 520/ 752
Maximum Puts:  470/1586

Moving Averages
 10 DMA 519
 20 DMA 518
 50 DMA 461
200 DMA 562

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: 396.93

Volume / Open Interest
Maximum Calls: 420/406
Maximum Puts:  360/330

Moving Averages
 10 DMA 398
 20 DMA 395
 50 DMA 392
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: Friday, 11/30. 
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 
11/13/01     381,539   421,284   (39,745)    1.2%
11/20/01     369,784   415,822   (46,038)   13.6%
11/27/01     371,336   421,405   (50,069)    8.7%

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
11/13/01       136,047    87,645    48,402    (4.9%)
11/20/01       140,507    86,861    53,646     9.8%
11/27/01       151,317    92,807    58,510     9.1%

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 
11/13/01      38,751    49,257   (10,506)   23.9%
11/20/01      38,042    46,446    (8,404)  (20.0%)
11/27/01      37,259    48,315   (11,056)   31.5%

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
11/13/01       11,568     6,505    5,063      55.1%
11/20/01       12,933     8,230    4,703      (7.1%)
11/27/01       12,540     8,359    4,181     (11.1%)

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 
11/13/01      24,145    10,204   13,941     (0.6%)
11/20/01      25,033    11,525   13,508     (3.1%)
11/27/01      24,243    11,496   12,747     (5.6%)

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
11/13/01       4,094    12,121    (8,027)     (7.8%)
11/20/01       3,609    10,565    (6,956)    (13.3%)
11/27/01       4,228    10,630    (6,402)     (8.0%)
 
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        +58,510     +53,646        -50,069     -46,038

Total Open
Interest %       (+23.97%)  (+23.59%)      (-6.32%)   (-5.86%)
                 net-long   net-long       net-short  net-short


                     Small Specs             Commercials
DJIA futures     (Current) (Previous)    (Current) (Previous)
Open Interest
Net Value          -4,228     -6,956          +12,747    13,508
Total Open
interest %       (-43.09%)    (-49.07%)      (+35.67%)  (+36.94)
                 net-short   net-short     net-long    net-long


                     Small Spec              Commercials
NASDAQ 100      (Current) (Previous)    (Current) (Previous)
Open Interest
Net Value         +4,181      +4,703         -11,056    -8,404

Total Open
Interest %        (+20.01%)   (+22.22%)     (-12.92%) (-9.95%)
                 net-long   net-long      net-short net-short


What COT Data Tells Us
----------------------
Indices:.We’ve seen the Commercials add to their net-short 
positions for the second week in a row after being stationary for 
a month. Is this a bearish sign? Too early to tell, but as we 
said last week, a failure to go net-long (bullish) is an 
indication of caution, and one that must be respected by longer-
term players.

Gold: Last week we highlighted the fact that Commercials reducing 
their net-short positions by a wide margin could indicate a 
bounce is around the corner. Looking at the XAU (gold and silver 
index) this week we see that the index has enjoyed a 5 percent 
gain. Nothing to get too excited about, however, with the 
Commercials going net-long (bullish) this week, it’s worth 
monitoring.

10/30 33,199 contracts net-short
11/06 35,435 contracts net-short
11/13 23,637 contracts net-short
11/20  2,489 contracts net-short
11/27  1,738 contracts net-long

Data compiled as of Tuesday 11/20 by the CFTC.



=================================================================
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          Weekend Edition 11-30-2001
                                                    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
=================================================================
To view this email newsletter in HTML format with imbedded
charts and graphs, click here:
http://www.PremierInvestor.net/htmlemail/8321_2.asp
=================================================================

In section two:

Net Bulls
  New Bullish Plays:     NVDA, EXEL
  New Bearish Plays:     EXAR, FLIR
  Bearish Play Updates:  QCOM, RLRN, WWCA

Stock Bottom / Active Trader
 >New Long-term Play:    SEPR
  New Bullish Plays:     SEE
  New Bearish Plays:     MO, SPY
  Closed Bearish Plays:  LFG, PB

High Risk/Reward
  New Bullish Plays:     QLGC
  New Bearish Plays:     ITWO
  Bullish Play Updates:  T
  Closed Bullish Plays:  AKLM
  Closed Bearish Plays:  TRDO, VSNX

Split Trader
  - none -


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

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

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

NVIDIA Corp. - NVDA - cls: 54.64 chg: +1.03 stop: 52.75*see note*

Company Description:
NVIDIA Corporation, located in Santa Clara, CA, is the global 
leader in advanced graphics and multimedia processing technology 
for the consumer and professional computing markets. Its 2D, 3D, 
video and multimedia capabilities make NVIDIA one of the premier 
semiconductor companies in the world. NVIDIA offers a wide range 
of products and services, delivering superior performance and 
crisp visual quality for PC-based applications such as 
manufacturing, science, e-business, entertainment and education. 
(source: company press release)

Why We Like It:
NVDA has been a trading favorite among active investors and long-
term shareholders alike.  The company's association with MSFT's 
Xbox puts it in a growing industry with earnings projections very 
strong over the next few years.  Shares have rallied up to the 
$55 level in early November only to pull back to 47.50 in a two-
week round of profit taking.  The stock is back at $55 and 
looking to breakout above it.  On Thursday the big news for NVDA 
was its inclusion in the S&P 500 index replacing the ailing 
Enron.  S&P 500 inclusion announcements usually bring a lot of 
attention and buying pressure to the stock.  Fund managers who 
run index funds have to buy shares of the company to correctly 
track the index.  This in turn brings a lot of short-term 
momentum traders and other portfolio managers who are also trying 
to track and beat the S&P 500.  Thus NVDA saw over 40 million 
shares in volume on Thursday.  Yet according to a strategist at 
Prudential, S&P 500 index managers only needed to buy 12M shares.  
It was interesting to note that NVDA was the fourth largest stock 
in the S&P 400 mid-cap index and those fund managers, who track 
the S&P 400, will need to sell 5.6M shares as it leaves the 
index.  However, all of this is nice to know but according to 
Standard & Poor's they don't set a time limit on when fund 
managers have to buy their shares of a new addition so there 
could still be institutional money out there looking for the 
right time to buy.  We think NVDA is building a bullish pattern 
below resistance at $55 and could breakout above it at any 
moment.  We've decided that to protect us from going long before 
the breakout occurs we won't officially "select" NVDA until the 
stock trades to $50.45, which is above Thursday's high.  If and 
when we are triggered we'll start the play with a stop at 52.75, 
five cents under Friday's low.  We know we're sacrificing 80 
cents but we'd rather wait for the stock to trade above 
resistance first.  There is still a chance the $56 level could 
prove too strong as it did earlier in the month.  Another 
interesting note bulls will want to know is that as soon as NVDA 
trades $56.01 it will trigger a triple top breakout buy signal on 
the point-and-figure chart.  More aggressive or longer-term 
traders might want to consider potential entries now with stops 
under the $50 level or 10%.  

Picked on November 30th at $ x.xx <-- see trigger
Gain since picked:          +0.00
Earnings Date               11/08 (confirmed)




---

Exelixis Inc. - EXEL - close: 15.85 change: +0.32 stop: 14.85

Company Description:
Exelixis, Inc. is a leading worldwide genomics-based drug 
discovery company focused on product development through its 
expertise in comparative genomics and model system genetics. An 
outstanding team of company scientists has developed multiple 
fungal, nematode, insect, plant and vertebrate genetic systems. 
Exelixis' proprietary model systems and comparative genomics 
technologies address gene function by using biologically relevant 
functional genomics information very early on in the process to 
rapidly, efficiently and cost-effectively translate sequence data 
to knowledge about the function of genes and the proteins that 
they encode. The company has a significant internal cancer 
discovery and drug development program, through which a number of 
compounds are expected to complete screening by the end of the 
year. Exelixis believes that its technology is broadly applicable 
to all life science industries, including pharmaceutical, 
diagnostic, agricultural biotechnology and animal health and the 
company has active collaborations with Aventis CropScience, 
Bayer, Bristol-Myers Squibb, Elan Pharmaceuticals, Pharmacia, 
Protein Design Labs, Scios and Dow AgroSciences, and is building 
its internal development program in the area of oncology. 
(source: company press release)

Why We Like It:
EXEL is a biotech/drug stock that appears to be ignoring the 
volatility in the DRG.X and the BTK.X.  A quick glance at the 
chart and traders can see that it trades as a biotech company 
based on its human genome research.  The stock has an amazingly 
strong up trend and the ascending channel has been very strong 
through the last two months.  There was some volatility in the 
middle of November but this was due to EXEL's announcement that 
it would be buying Genomica, a genome-software maker.  Wall 
Street appears to have blessed the deal and why not?  EXEL is 
buying Genomica for $110 million in stock when Genomica had 
slightly over $110 million in assets.  We don't see any risk 
there.  Two days ago the stock broke out above resistance between 
$15.25 and $15.50.  It quickly traded to $16 but pulled back.  
Friday saw the stock run up towards the $16 level again.  We 
believe that EXEL could trade towards the $17.50 to $18.00 level.  
To start the play we'll put our stop at $14.85 or below the 
$15.00 support level.  Longer-term players may want to look at 
something under the 15-dma.  Aggressive traders may want to look 
for dips between $15.50 and $16.00 as entries and the rest of us 
will probably look for the stock to break $16.00.  It will be a 
good idea to keep an eye on the BTK.X.  The biotech sector 
bounced higher on Friday and the bullish trend is still intact 
but the index is near the bottom edge of its ascending channel.

Picked on November 30th at $15.85
Gain since picked:          +0.00
Earnings Date               11/13 (confirmed)





  ----------------
  New Bearish Plays
  ----------------

Exar Corp - EXAR - close: 19.80 change: -0.54 stop: 21.10

Company Description
Exar Corporation designs, develops and markets high-performance, 
high-bandwidth analog and mixed-signal silicon solutions for the 
worldwide communications infrastructure. Leveraging its industry-
proven analog design expertise, system-level knowledge and 
standard CMOS process technologies, Exar provides OEMs innovative 
ICs addressing wide area network transmission standards such as 
T/E carrier, ATM and SONET. Additionally, Exar offers ICs for 
both the serial communications and the video and imaging markets. 
The Company is based in Fremont, CA, had fiscal 2001 revenues of 
$113 million, and employs approximately 288 people worldwide. 
(source: company press release)

Why We Like It:
Something seems rotten at EXAR.  The semiconductors have been 
leaders in the market's rally this fall but EXAR has been giving 
it all back during one of the best Novembers on record.  The big 
move came in mid-November when EXAR broke down below its 200-dma 
and price support at $22.  A few days later it re-tested the 200-
dma but this time as resistance and failed.  Now the stock has 
fallen below the $20 price level.  What attracts us to EXAR is 
the clear breakdown and the close under $20.  Unfortunately there 
are a few factors that do make us pause.  We put a retracement 
tool on the chart using the intraday low from 10/03/01 to the 
intraday high on 11/08/01.  Using this as our range to measure 
the rally, shares of EXAR have pulled back to a perfect 61.8% 
retracement (Thursday's and Friday's low).  This is obviously a 
level some bulls are trying to defend the stock at and buy the 
dip.  Unfortunately for the bulls the stock closed below the 50% 
retracement level of 20.28.  The 10-dma has been acting as 
overhead technical resistance for a couple of weeks and this 
would be a "safer" position to short the stock at but that would 
require traders to wait for EXAR to trade up and roll over at the 
$21 level.  We would suggest that traders watch the SOX but EXAR 
doesn't appear to be drawing any strength from the SOX this month 
(I suggest you watch it anyway).  We see this short as a very 
quick trade and something that will hopefully come to pass in a 
few days.  Our target is $17.00 or the 80.1% retracement level.  
We're going to initiate the play with a stop at $21.10, a couple 
of cents over the 10-dma.  Normally, we don't like to have this 
much exposure but in round numbers we're risking $1.30 to make 
$2.80.  We would expect the $20.25 to $20.50 level to suppress 
any rally attempts and traders should confirm stock direction 
before playing.  We will lower our stop as the stock confirms 
the current trend again.

Picked on November 30th at $19.80 
Gain since picked:          +0.00
Earnings Date               10/18 (confirmed)




---

FLIR Systems - FLIR - close: 40.15 change: -1.84 stop: 42.55

Company Description
FLIR Systems, Inc. is a world leader in the design, manufacture 
and marketing of thermal imaging and stabilized camera systems 
for a wide variety of thermography and imaging applications 
including condition monitoring, research and development, 
manufacturing process control, airborne observation and 
broadcast, search and rescue, drug interdiction, surveillance and 
reconnaissance, navigation safety, border and maritime patrol, 
environmental monitoring and ground-based security. 
(source: company press release)

Why We Like It:
The company may have won some recent contracts and is bound to 
see even more business with the huge home defense and military 
bill signed by Congress last month but the excitement is over.  
At least it is temporarily over.  We can not find what caused the 
big dip in mid-November from $45 to $35 but the stock rallied 
right back to its short-term and 50-dmas and began to roll over 
again.  We feel that it would be "safer" if FLIR confirmed its 
new negative trend by closing under the $40 level but once it 
breaks $40 it could fall at a quick pace and no one wants to 
chase stocks.  It would not be a bad idea to set a trigger 
(mental or otherwise) for the stock to trade under $40 before 
committing capital or evaluating a bearish entry.  The stock is 
clearly rolling over on a grander scale and we would expect it to 
find support at $35, which is our target.  Thus we are going to 
start the play with a stop at $42.55.  If FLIR trades to $35.00 
intraday we'll close the play.  FYI, we would encourage traders 
to check out the point-and-figure chart on FLIR.  The bearish 
price objective looks to be about $18.00 and the stock just added 
a fresh column of O's.  

Picked on November 30th at $40.15 
Gain since picked:          +0.00
Earnings Date               10/25 (confirmed)






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

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

QUALCOMM - QCOM - close: 58.72 change: +0.30 stop: 60.61

Per our update from Thursday, we did see a rally in QCOM early 
Friday morning but shares rolled over at the $60.00 level (high 
was 60.05).  This looks a lot like a failed rally attempt and 
bears may begin to lean on the stock soon.  We would still feel 
more comfortable if QCOM was below its 200-dma (currently 57.73) 
but this support could fall early on Monday.  Glancing through 
the news stories for QCOM today dug up some dirt from the 
investment banker, CSFB.  They noted that QCOM appears to have 
more downside risk than upside potential at current levels.  
Gosh, we agree with them.  Traders should confirm stock direction 
if you are looking to start new bearish positions.  Our target to 
exit the position is $52.50.  Be aware that a strong news event 
like the capture or death of Bin Laden could spark a strong 
market rally so keep your stops in place.

Picked on November 28th at $57.29 
Gain since picked:          -1.43
Earnings Date               11/06 (confirmed)




---

Renaissance Learnings - RLRN  cls: 24.98 chg: -0.12 stop: 26.11*new*

Shares of RLRN are still drifting sideways.  The stock is really 
fighting to hold on to the $25.00 level but we've seen just 
barely perceptible lower highs the last three days in a row.  
With the MACD starting to flatten out and the MACD histogram 
aiming for neutral combined with the 10-dma closing in on the 
stock price we feel that a move one way or the other is imminent.  
Thus we're going to lower our stop to $26.11, which is a penny 
over the Nov. 27th high.  If the stock does rally we would expect 
the 10-dma at 25.75 to act as overhead resistance.  Traders 
should confirm stock direction before committing new capital and 
we would only do so with shares under $25.  Our target is still 
$20.00 area but we'd probably take a 10% gain at this point.

Picked on November 23rd at $25.16 
Gain since picked:          +0.18
Earnings Date               10/15 (confirmed)




---

Western Wireless - WWCA - cls: 24.57 chg: -0.39 stop: 25.51*new*

Once again our patience is thrown a small reward as WWCA takes 
another step down.  Shares fell to a low of $24.00 before 
bouncing higher in the last hour of trading.  We feel that as 
long as the trend is in affect we can continue to snug our stops 
lower when circumstances permit and eventually we'll either be 
stopped out for a profit or exit at our target near $20.  Today 
we are pulling our stop down a little bit lower to $25.51, which 
is just above the 10-dma.  Traders still looking for bearish 
entries can evaluate anything under $25.00.  Premier is currently 
up almost 7% in the play.

Picked on November 9th at $26.40 
Gain since picked:         +1.83
Earnings Date              11/07 (confirmed)






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

===================================
New Long-Term Non-Tech Bullish Play
===================================

Seprecor Inc - SEPR - close: 49.90 change: +0.17 stop: 44.90

Company Description
Sepracor Inc. is a research-based pharmaceutical company 
dedicated to treating and preventing human disease through the 
discovery, development, and commercialization of innovative 
pharmaceutical products that are directed toward serving unmet 
medical needs. Sepracor's drug development program has yielded an 
extensive portfolio of pharmaceutical candidates that are focused 
on the treatment of respiratory, urology, and central nervous 
system disorders. Sepracor's corporate headquarters are located 
in Marlborough, Massachusetts. (source: company press release)

Why We Like It:
We are choosing SEPR as a long-term bullish play due to its 
defensive nature and its longer-term bullish trend as seen in the 
point-and-figure chart.  However, before we discuss the p-n-f 
chart, a few readers are probably wondering what happened to the 
stock back in early November when it gapped down and shares went 
from $54 to $44 in just a few days.  At that time the company 
announced they would be raising $400 million in a private debt 
offering convertible into SEPR common stock at a $60 price per 
share.  The sell-off was not unusual as investors fear that 
convertible debt into stock can dilute their own holdings.  Some 
investors actually buy the convertible and short the common 
stock, which can put even more downward pressure on the equity.  
Bulls defended the price at the $44 level and SEPR put in a new 
base over the course of two weeks.  

SEPR actually has something to offer to the short-term trader as 
well.  The last few sessions have shown the stock coiling 
bullishly under the $50 resistance level.  The stock looks ready 
to breakout above it and if it does we would expect a run to $54 
and eventually $57.  Short-term traders should also note the MACD 
just produced a bullish crossover while the 5-dma's bullish 
crossover the 15-dma also supports the short-term trend.  The 
company's product line helps make it a defensive play and 
investors typically move into this sector if the broader markets 
begin a prolonged pull back.  

The point-and-figure chart for SEPR actually has a bearish price 
objective but it is the first sell signal in a bullish trend.  A 
common interpretation usually says that the first sell signal in 
a bullish trend is the buying opportunity before the next leg up.  
We already see a current column of X's lending credence to this 
strategy.  If we use the previous bullish price objective SEPR 
should have a long-term target of $71.  However, if SEPR trades 
above $54 then it will produce a new bullish count with a long-
term target of $100.  We would conservatively aim for $60 to $65 
over the next few months as the p-n-f targets could take a year 
or more to come to fruition.  

Picked on November 30th at $49.90
Gain since picked:          +0.00
Earnings Date               10/19 (confirmed)






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

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

Sealed Air Corp - SEE - close: 45.90 change: +0.91 stop: 43.99

Company Description
Sealed Air is a leading global manufacturer of a wide range of 
food, protective and specialty packaging materials and systems 
including such widely recognized brands as Bubble Wrap(r) air 
cellular cushioning, Jiffy(r) protective mailers and Cryovac(r) 
food packaging products. (source: company press release)

Why We Like It:
We did well with the Bemis (NYSE: BMS) play so we decided to look 
for other players in the packaging industry.  SEE is one of the 
biggest and we've had our eyes on it for a couple of weeks.  The 
stock has been struggling to breakout above serious resistance at 
$45 and Friday finally produced the buy signal we were looking 
for.  The move up came on volume of 621K versus the average of 
just 374K.  Technically, we should be able to get by with a stop 
just under $45 since resistance broken should become new support.  
However, to give us a little room to get the play going we're 
going to place our stop just under Thursday's low and price 
support of $44.  The stock doesn't have any new resistance until 
it reaches the $52 area but we suspect the $50 mark may act as 
psychological level where traders may decide to take profits.  
This will be our first target but we're going to try and let SEE 
run as far as it can.  The point-and-figure price objective for 
SEE is pretty lofty. A bounce off us $45 could be a great entry 
point for a new long play.  We'll adjust our stop as the play 
moves in our favor.

Picked on November 30th at $45.90
Gain since picked:          +0.00
Earnings Date               10/24 (confirmed)





  ----------------
  New Bearish Plays
  ----------------

Philip Morris Co - MO - close: 47.17 change: +0.19 stop: 48.11

Company Description
Philip Morris is the world's largest tobacco firm. It owns half 
of the US tobacco market and the Marlboro name is one of the 
world's most recognizable brands. It also makes the Benson & 
Hedges, Parliament, and Virginia Slims brands. Outside of 
tobacco, Philip Morris owns 84-percent of Kraft Foods, the 
world's second largest food company that makes leading brands 
such as Jell-O, Kool-Aid, Maxwell House, and Post cereal. In 2000 
the company bought Nabisco, adding brands such as Chips Ahoy, 
Oreo, and Ritz to Kraft's food portfolio. In addition, Philip 
Morris owns Miller Brewing, the second largest US beer producer.
(source: company press release)

Why We Like It:
It's going to take more than a new name to help shares of MO.  
Those of you who already know, please bear with us but Philip 
Morris Companies Inc. decided a few weeks ago to change their 
name to "Altria".  According to reports, the name is loosely 
based on the Latin word "altus" which means "high".  Maybe MO's 
management is planning for a day when the U.S. gov't approves the 
legalization of marijuana because they are certainly not talking 
about their stock price.  Speaking of their stock price, we put a 
channeling tool on the chart from its peak back in mid-October.  
Wouldn't you know it.  Shares of MO just topped out near the top 
of the channel.  True technical traders would probably put their 
stop above today's high.  That might work but we're going to give 
MO a little more room and place ours at $48.11, which is above 
the 200-dma.  Comparing both the daily chart and the point-and-
figure chart, which shows a column of O's just breaking its 
bullish support line, we surmised that investors may be selling 
the stock since there is plenty of time to pick it up again later 
for its dividend.  We are going to target the $43 area but short-
term traders may want to get out at $44.  The stock doesn't move 
that fast unless it's going down but we still expect this could 
take a couple of weeks to reach our goal.  Check out this 
weekend's market wrap for Mr. Bailey's comments on MO.

Picked on November 30th at $47.17 
Gain since picked:          +0.00
Earnings Date               10/17 (confirmed)




---

S&P 500, SPDRS - SPY - close: 114.05 change: -0.82 stop: 115.05

Company Description
Essentially, the S&P 500 SPDRS is a tracking stock that allows 
investors to trade the S&P 500 index like a stock instead of 
trading the SPX options or actually buying the S&P futures 
contracts.  The SPY trades just like a stock.  

Why We Like It:
We have decided to put our money where our mouth is, 
theoretically speaking of course.  If you've been reading our 
market commentary then you know that we're concerned about the 
market's failure to overcome resistance.  A market pull back 
could be in the cards and we want to be ready to profit from it.  
There are a number of analysts that are calling for a retest of 
the September lows.  We're not that bearish, at least not in this 
write up, but a small three or four day dip wouldn't hurt.  If we 
get a few 4Q earning warnings next week traders could use them as 
an excuse to sell and look for new bullish entries on the bounce 
or at support.  Looking over the hundreds of charts that we 
normally do on the weekend did reveal just how many stocks are 
looking tired and trade precariously close to support already.  
We are going to target the $110 level on the SPY with a stop at 
$1.00 above Friday's close.  Confirm market direction before 
starting any new positions.

Picked on November 30th at $114.05
Gain since picked:           +0.00
Earnings Date                  N/A






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

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

Landamerica Finl Group - LFG - cls: 24.50 chg: -0.50 stop: 25.01

It appears that we were too conservative with our stop at $25.01.  
If we had used the 10-dma as our guide to place our stop then we 
might still be in this short play.  The stock gapped up to 
$25.15, traded to a high of $25.23 and then sold off throughout 
the rest of the day.  The close under $25.00 should be 
encouraging for bears still in the play.  Take note that the 10-
dma is 25.13 and LFG did trade a little above it.  A more 
aggressive approach would be to use the 15-dma, which LFG has not 
touched in weeks, as a placement guide for your stop.  Needless 
to say we are stopped out and will look for new strategies 
elsewhere.   FYI, traders should take note of the IUX.X insurance 
index which reversed its breakout above the 200-dma on Thursday.

Picked on November 27th at $23.74 
Gain since picked:          -1.27
Earnings Date               10/24 (confirmed)




---

Panamerican Bev Inc - PB - cls: 14.55 chg: +0.24 stop: 14.65     

Did we say $14.65 as our stop?  We meant to say $14.66.  Okay, 
we're kidding but that corner of our mind that really enjoys the 
X-files is starting to think there is a conspiracy out there.  PB 
showed a little volatility early in the morning with a quick 
trade up to $14.50 before dipping back to $14.20.  However, by 
mid-afternoon PB traded up to $14.65, our stop.  We double 
checked CCE's performance and the stock had rallied up to its 
200-dma before pulling back.  We are a little disappointed, as 
we're still negative on the group.  Traders still interested in 
following bearish strategies on PB can look for the 10-dma at 
14.80 to act as resistance.  

Picked on November 23rd at $14.95 
Gain since picked:          +0.30
Earnings Date               10/30 (confirmed)






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

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

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

QLogic Corp - QLGC - close: 49.54 change: -0.40 stop: -see notes-

Company Description
QLogic Corporation is changing the way the world views Storage 
Area Networks (SANs), serving OEMs, VARs and system integrators 
with the broadest line of SAN and NAS infrastructure components 
in the industry. With over 15 years of enterprise storage 
experience, the company delivers a full range of Fibre Channel 
switches, PCI host bus adapters, controller silicon and 
management chips for systems and peripherals, as well as the 
QLogic Management Suite of SAN management software solutions. 
(source: company press release)

Why We Like It:
Okay, so we're expecting a market pull back.  Then why are we 
adding QLGC as a long play?  The trend on the stock is still 
bullish and until the market pull back does occur we could get a 
quick move higher in both QLGC and the SOX index.  Traders should 
look over the SOX.  The group did trade lower on Friday but the 
current up trend has not been broken.  The index could trade up 
to the 550 level again and that could spur QLGC to new four-month 
highs.  Shares of QLGC have been fighting with the $50 resistance 
level for over four weeks.  This has prompted us to add a trigger 
for this bullish play.  Friday's high was 50.59 but bulls were 
unable to keep it above the $50 mark.  Therefore we will set our 
trigger at 50.65.  If we are triggered, we'll start the play with 
a stop at 47.90 or a little more than 5%.  Our target is near $60 
but if the market does begin to rollover we may try and get out 
near the $55 area.  There is always the possibility of a market 
pull back and QLGC still breaks out.

Picked on November 30th at $ x.xx <- see trigger
Gain since picked:          +0.00
Earnings Date               10/23 (confirmed)





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

I2 Technologies - ITWO - close: 5.74 change: -0.40 stop: 6.26

Company Description
For more than a decade, i2 has been a leader in supply chain 
management. i2 has extended its technology and expertise to 
Dynamic Value Chain Management -- solutions to help companies 
collaborate on decision-making processes not only across 
functions within a single company, but across multiple companies. 
i2 solutions span the value chain interactions, including 
customer relationship management, supply chain management and 
supplier relationship management. (source: company press release)

Why We Like It:
It is easier to see on a 30 minute or hourly chart but ITWO 
appears to have created a head-and-shoulders pattern through the 
majority of November and Friday's close just broke the neckline.  
The breakdown below the $6.00 price support level and the close 
below Nov. 12th's intraday low of $5.80 looks pretty bearish as 
well.  Normally, we would expect some support from the 50-dma 
which is trading near 5.25.  Plus there could be some price 
support near 5.50.  However, if we're trading from the head-and-
shoulders pattern then we believe that ITWO could reach the $4.50 
level.  If the sector (GSO.X) breaks down below support at 170, 
ITWO's descent could be magnified or accelerated.  We considered 
putting a stop above Thursday's high of $6.40 but felt that a 
stop at $6.26 should work considering the previous support level 
of $6.00 should now act as resistance.  As usual, confirm stock 
direction before playing.

Picked on November 30th at $ 5.74 
Gain since picked:          +0.00
Earnings Date               10/16 (confirmed)






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

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

AT&T Corp - T - close: 17.49 change: -0.13 stop: 16.65

After waiting months and months for high-speed cable Internet 
service to come to my neighborhood I am within hours of a 
possible shutdown of service.  Yes, I am an ExciteAtHome cable 
subscriber.  AT&T offered $307 million for the beleaguered 
company but creditors claim this is below fair market value.  
Evidently there is a midnight deadline for some sort of deal to 
be made.  No one seems to know if AtHome will decide to unplug 
its 4 million subscribers or leave them turned on while the 
company negotiates with AT&T, Comcast and Cox Communications all 
of which have subscribers that receive cable-Internet access 
through AtHome.  Readers should recognize that both Comcast and 
Cox are both bidders for AT&T's broadband cable division.  As an 
end-user who has waited a very long time for this service I agree 
with FCC Chairman Michael Powell who feels that to just pull the 
plug would be very unfair to the consumer and very detrimental to 
the cable-Internet industry.  AT&T has tried to let their 
subscribers know that they are working on an alternative while 
pursuing discussions with AtHome.

Shares of T spent much of the day trading higher until someone 
flashed the "sell" signal in the last hour and prices plummeted 
to close below our crucial $17.50 level.  We would encourage 
traders to be cautious.  Depending on your tolerance for risk one 
could look for potential entries above the 200-dma (currently 
17.30) or the $17.00 level.  Don't forget that Monday is supposed 
to be a big day for AT&T.  Wall Street is expecting a revised bid 
from Comcast and two new bids from AOL Time Warner and Cox 
Communications.  

Picked on November 29th at $17.62 
Gain since picked:          -0.13
Earnings Date               10/23 (confirmed)





===============
HR Closed Plays
===============

  --------------------
  Closed Bullish Plays
  --------------------

Acclaim Entertainment - AKLM - close: 5.47 change: -0.19 stop: 5.49

As the magician waved his magic wand over his hat, the audience 
waited breathlessly to see what had been plaguing the stock in a 
sector that was seeing rapid gains.  Don't like the colorful 
version?  A few days ago we felt the game makers for the likes of 
Nintendo, Sony and Microsoft might be a good place to look for a 
bullish play.  We chose AKLM for its low stock price and strong 
trend.  However, the last couple of days had shown the stock 
slipping lower while its industry rivals were trading higher.  
There had not been any news that ATVI or ERTS was stealing market 
share from AKLM so we were perplexed by the lack of strength.  
AKLM spent most of Friday morning in a range between 5.52 and 
5.70 until a news story about AKLM and its auditors hit the 
wires.  Accountants at KPMG offered their opinion about AKLM 
being a going concern.  In ten minutes shares of AKLM fell from 
the $5.70 level to $3.79, losing 33% of its value.  The stock 
battled back to only lose 19 cents but the damage was done.  
Evidently AKLM has been in some rough times and if revenues don't 
come in as projected they will have to seek additional funding or 
cut expenses including staff.  Those interested in the sector may 
want to keep theirs eyes on ATVI (+7% today) and ERTS (+4% 
today).  We don't advise chasing either of these stocks but keep 
your eyes on them for the appropriate breakouts or dips.  We 
closed the play on AKLM with a 51-cent loss.

Picked on November 23rd at $ 6.00 
Gain since picked:          -0.51
Earnings Date               10/24 (confirmed)





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

Intrado Inc - TRDO - close: 27.35 change: +1.45 stop: 27.51

This has not been a good Friday for us.  It feels more like 
Friday the 13th rather than the 30th.  Shares of TRDO took off 
today in a strong rally through the top of its trading channel 
and its 5, 10, and 15-dmas.  Was there any news for a company 
that provides 911 operations support systems services?  No, there 
wasn't.  We glanced at another leading stock in this industry and 
there was little change in the stock price.  Shares did find 
resistance at the $28 level but that was more than high enough to 
stop us out at 27.51 for a 28-cent loss.  We did make one 
interesting observation.  Connect a descending bearish line of 
resistance from the intraday high on October 26th, 2001 to 
today's high and you'll see that it acts as resistance near the 
intraday highs on November 7th and 19th as well.  TRDO could 
still make a good short but bears will need to be vigilant with 
their stops and entries.  We would target the $24 - $25 level.

Picked on November 23rd at $27.23 
Gain since picked:          -0.28
Earnings Date               10/25 (confirmed)




---

Visionics Corp - VSNX - close: 12.70 change: +1.20 stop: 12.41

Yes, VSNX gave us yet another surprise move in our bearish high 
risk/return section.  However, this time we have a culprit.  
Fellow security company INVN won a hefty airport security 
contract and traders bid INVN up 24% by Friday's close.  Not 
wanting to be left out in the cold should VSNX announce a similar 
contract win, bulls jumped into shares of VSNX in the last hour 
of trading pushing the stock up over 10%.  We are very suspicious 
of today's move without a positive catalyst directly affecting 
VSNX.  As it stands now Premier is out of the play with a 46-cent 
loss but we'll keep our eye on it for future developments. 

Picked on November 27th at $11.95 
Gain since picked:          -0.46 
Earnings Date               11/14 (confirmed)






=================================================================
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         Weekend Edition 11-30-2001
                                                   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/8321_3.asp
=================================================================

In section three:

Market Watch for Week of December 3rd
   - 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 December 3rd
==================================================

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

Symbol  Company               Date           Comment      EPS Est   

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

JDEC    J.D. Edwards          Mon, Dec 3   -----N/A-----     0.04
JWa     John Wiley & Sons     Mon, Dec 3   Before the Bell    N/A

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

ABS     Albertson's           Tue, Dec 4  Before the Bell    0.44
AZO     AutoZone              Tue, Dec 4  After the Bell     0.60
CCTVY   Carlton Comm.         Tue, Dec 4  -----N/A-----       N/A
NAV     Navistar Inter.       Tue, Dec 4  Before the Bell    0.08

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

SNPS    Synopsys              Wed, Dec 5   After the Bell    0.36

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

FCEa    Forest City Enter.    Thu, Dec 6  -----N/A-----      0.90
IDT     IDT Corporation       Thu, Dec 6  After the Bell      N/A
NSM     National Semi.        Thu, Dec 6  -----N/A-----     -0.31
SXC     6 Cont. Ho. & Res.    Thu, Dec 6  -----N/A-----       N/A

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

PNY     Piedmont Natural Gas  Fri, Dec 7  -----N/A-----     -0.42


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

Upcoming Stock Splits This Week...

Symbol  Company Name          Splits  Payable    Executable
  
EPIQ    EPIQ Systems          3:2     11/30      12/03
PSC     Phil. Suburban        5:4     12/01      12/04
ASFC    Astoria Financial     2:1     12/03      12/04
PBG     Pepsi Bottling        2:1     12/04      12/05
CACI    CACI Intl             2:1     12/06      12/07
LYTS    LSI Industries        3:2     12/06      12/07
ITG     Investment Tech       3:2     12/07      12/10


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

There may be a number of economic reports out this week but
Wall Street will probably spend much of its time betting,
talking, and arguing over the Fed's decision at the FOMC
meeting on Dec. 11th.  Earnings have dwindled to a handful
of companies but we approach that wonderful time of year
called "warnings season" which always precedes earnings 
season.  There may be a few corporations that surprise 
investors early in December.


Monday, 12/03/01
----------------
Auto Sales             Nov  Forecast:   6.8M  Previous:   7.8M
Truck Sales            Nov  Forecast:   7.9M  Previous:   9.8M
Personal Income        Oct  Forecast:   0.1%  Previous:   0.1%
Personal Spending      Oct  Forecast:   1.9%  Previous:  -1.8%
NAPM Index             Nov  Forecast:   41.9  Previous:   39.8
Construction Spending  Oct  Forecast:  -0.5%  Previous:  -0.4%


Tuesday, 12/04/01
-----------------
None


Wednesday, 12/05/01
-------------------
NAPM Services          Nov  Forecast:   42.5  Previous:   40.6


Thursday, 12/06/01
------------------
Initial Claims       12/01  Forecast:    N/A  Previous:   488K
Productivity-Rev.       Q3  Forecast:   2.6%  Previous:   2.7%
Factory Orders         Oct  Forecast:   1.0%  Previous:  -6.2%


Friday, 12/07/01
----------------
Nonfarm Payrolls       Nov  Forecast:  -210K  Previous:  -415K
Unemployment Rate      Nov  Forecast:   5.6%  Previous:   5.4%
Hourly Earnings        Nov  Forecast:   0.2%  Previous:   0.1%
Average Workweek       Nov  Forecast:   34.0  Previous:   34.0
Consumer Credit        Oct  Forecast:  $1.5B  Previous:  $3.2B



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

CCL     Carnival Corp              26.11     +0.54
CTX     Centex Corp                45.19     +3.29
LEN     Lennar Corp                37.20     +1.20
LEA     Lear Corp                  35.75     +0.57
DHI     D.R.Horton Inc             28.02     +2.01
MDS     Midas Inc                  12.45     +1.15

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

ATYT    Ati Technologies           12.25     +1.30
AW      Allied Waste Ind.          11.84     +1.10
EVC     Entravision Comm.          12.00     +1.06
GETY    Getty Images Inc           19.85     +1.30
FLWS    1-800-Flowers.com          14.46     +1.21

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

HD      Home Depot Inc             46.65     +2.63
LOW     Lowe's Companies Inc       45.31     +1.79
AT      Alltel Corp                65.08     +1.03
ERTS    Electronic Inc             60.46     +2.45
BDK     Black & Decker Corp        37.04     +1.49
NDN     99 Cents Only Stores       38.50     +1.44

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

RTRSY   Reuters Group              57.80     -2.00
BSC     Bear Stearns Co            57.50     -2.30
DBD     Diebold Inc                38.79     -1.53
SCHL    Scholastic Corp            43.45     -1.05
LE      Land's End Inc             45.95     -4.23

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

DHR     Danaher Corp               58.65     -1.55
WL      Wilmington Trust Corp      60.60     -1.34
TXI     Texas Industries Inc       34.75     -0.44
TALX    Talx Corp                  21.41     -0.30





=================================================================
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.




DISCLAIMER

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 "support@optioninvestor.com"

Option Investor Inc
PO Box 630350
Littleton, CO 80163

E-Mail Format Newsletter Archives