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Daily Newsletter, Friday, 02/08/2002

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PremierInvestor.net Newsletter          Weekend Edition 02-08-2002
                                                    section 1 of 3
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In section one:

Market Wrap:      Bearish week ends bullish.
Play-of-the-Day:  Cutting Our Slice of the Bounce.
Watch List:       LM, ATW, ARG, MTX, SSP, DP
Market Sentiment: The pattern is broken.

------------------------------------------------------------------
U.S. Market Numbers
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MARKET WRAP  (view in courier font for table alignment)
------------------------------------------------------------------
         WE 2-8           WE 2-1          WE 1-25          WE 1-18
DOW     9744.24 -163.02  9907.26 + 67.18  9840.08 + 68.23  -215.68
Nasdaq  1818.88 - 92.36  1911.24 - 26.46  1937.70 +  7.36  - 92.12
S&P-100  557.28 - 12.07   569.35 -  5.79   575.14 -   .10  -  8.96
S&P-500 1096.22 - 25.98  1122.20 - 11.08  1133.28 +  5.70  - 18.02
W5000  10249.32 -240.85 10490.17 - 86.35 10576.52 + 67.16  -188.86
RUT      466.67 - 13.37   480.04 +   .69   479.35 +  4.98  - 15.57
TRAN    2659.94 - 99.39  2759.33 - 20.59  2779.92 +112.67  - 39.52
VIX       25.47 +  2.60    22.87 +   .94    21.93 -  2.41  +   .36
VXN       49.28 +  6.20    43.08 -  2.59    45.67 -  3.22  +   .52
TRIN        .64             1.44              .82             1.13
TICK       +957             +652             +885             +522 
Put/Call    .73              .67              .68              .85  
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WE= week ended

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

Bearish week ends bullish

Stocks recouped some of this week's earlier losses as the 
biotechs earlier session gains turned into an impressive 
performance with the Biotech Index (BTK.X) jumping 7.25% by 
session's end.  There were not any "sector moving" announcements 
that took place in the biotechs today to trigger the rally 
(upgrades, earnings or breakthroughs) and the move in the 
biotechs looked to have been bottom fishing and perhaps 
technically triggered.  We will discuss this sector later as it 
may be a group to trade bullish on a pullback next week.

The bulk of the broader market gains were found in the last hour 
of trading, right after the bond market closed for trading.  We 
don't think that this afternoons announcement that AOL Time 
Warner's (NYSE:AOL) CEO, Stephen Case, bought 1 million shares of 
the stock on Monday at prices between $24-$24.25, but that 
announcement did correlate with the late afternoon market rally.  
Mr. Case owns approximately 11 million shares.

AOL Time Warner Chart - $1 box




Shares of AOL exceeded a bearish count dating back to last summer 
by approximately $4.  There's some upside for aggressive bulls, 
but the current vertical count is bearish to $13.  To be honest, 
I would not want to try and hold a short position in the stock at 
this point and this thinking may also be that of some other 
market participants and have them covering some short positions 
and helping extend a rally or put a near-term floor under the 
stock over the next couple of weeks.  This morning, Thomas Weisel 
Partners did raise their weighting on the media and broadcasting 
sector to "neutral" from "underweight" following the recent 
retrenchment in the sector and sighted "mounting evidence of 
improving fundamentals."  Their top pick is a "strong buy" rating 
on AOL.  I (Jeff Bailey) like AOL as bullish on a pullback to $26 
for AGGRESSIVE bulls, stop $23.45 and sell strength at $33.  If 
entered at $26, I would then trail with a rising stop should 
stock then move higher from entry.  Look to trade the channel 
depicted on the point and figure chart.  The first "hurdle" for 
bulls will be to break the $28 level, which was the September 
lows.

Weekly action

Today's rally helped hide some of this week's losses for the 
broader market averages and sectors we monitor daily.  Technology 
stocks were hammered in the prior four sessions and today's 
action depicts that of short covering by the bears that were 
locking in gains.  It's nearly impossible to predict when shorts 
are going to cover.  Much like the animal itself, their actions 
are rather unpredictable, and when a bear turns to cover ground, 
they'll do it with some of the ferocity found today.

Weekly market average/sector performance




This week, we have added an extra column to the far left of the 
weekly data sheet to show the percentage gain/losses of the 
various indexes/sectors from their December 28, 2001 closes.  As 
you can see, the bulk of the action was to the downside.  We 
will note that the Healthcare Sector (RXH.X) and Forest/Paper 
(FPP.X) sectors managed to hold the break-even level this week 
and some bulls found gains from our play list this week in spite 
of the broader market bearishness in shares of Trigon Health 
(NYSE:TGH), UnitedHealthcare (NYSE:UNH) and just recently added 
PacifiCare Health Systems (NASDAQ:PHSY).  Today's action in PHSY 
was wild as the stock jumped right to our targeted near-term exit 
point of $23 (+8% on the session) and actually finished down 
fractionally on the session at $21.24 -0.09% (see play update).

Gold stocks were this week's standout and trading has been rather 
volatile for this group in the last four sessions after a 
substantial run in the prior week.  February Gold futures (gc02g) 
spiked to their weekly high on Wednesday at $308.00 and have been 
jumping between $296.00 and $307.40 in the past two sessions.  
This contract did close above the $300 level today at $303.50, 
the first close above $300 since the meteoric rise to the $320 
level in June of 2000 and the subsequent decline back below $300 
in August of that year.  Those looking to play a "metals" play 
that can't take the volatility and "speculation" that seems to be 
prevalent in the gold sector may prefer a "copper play" in shares 
of Phelps Dodge (NYSE:PD) $34.90.  

Phelps Dodge Chart - Daily Interval




For subscriber that are looking for some "metal exposure" and 
want to escape some of the volatility from that the gold stocks 
will most likely experience near-term, then I like a bullish 
trade in shares of PD.  We talked about this stock and rising 
copper prices last week.  I like the bullish trend and breaking 
of a recent downward trend.  I believe that some institutions are 
nipping away at the stock at current levels and the volume spikes 
have come on upward moves (black volume bars) while selling (red 
volume bars) has been on light volume.  To me, this is indicative 
of institutions working the stock and accumulating positions.  I 
know of some shorts in the stock (I get their e-mails that they 
send me) and another break of short-term downward trend just put 
in place leaves the bears without a downward trend to leverage 
against.  Based on the retracement comparison I'm about to show 
you with Copper futures, I think PD should be trading in the $38-
$41 range right now and next week may be the week that PD makes 
another move higher.  Here's my thinking.

March Copper Futures Chart (hg02h) - Daily Interval




If we "line up" our retracement from the May 18-21 closes in the 
copper futures and do exactly the same in shares of copper 
producer Phelps Dodge (NYSE:PD) is sure looks like PD has "lagged 
the move."  Notice how copper futures jumped on the break of the 
wedge and have been hovering around the $0.73 level.  While PD 
did make a nice move higher from a similar wedge formation as 
copper futures jumped, the retracement bracket has me thinking 
that PD is still lagging the move in copper prices.  Either 
copper prices are too high, or PD needs to play catch up.  If 
copper were to get "squeezed" to another move higher above the 
$0.75 level, then PD should really be on the move.  If copper 
were to slip back to 50% retracement, I still don't think that PD 
would suffer too much of a decline.  Therefore, I think PD is a 
very good risk/reward trade for bulls at current levels and a 
break above $35.43 could be a trigger for a nice move higher.

Will look for a pullback in biotech

I liked today's bullish move in the biotechs and today's action 
really looks like bears are covering in the sector.  How long 
will they continue to cover is the question.  As you can see from 
the weekly performance chart, the biotechs still finished down 
-3.7% for the week, despite today's 7.25% recovery.  

Biotechnology Index Chart - Daily Interval




I think today's rally in the biotechs was most likely technically 
based.  I didn't have downward regression on this chart until the 
BTK.X was up 4% today.  Eight sessions ago, we saw a similar 
rally in the BTK.X that came from the lower end of regression, 
but I'm noting a much stronger move today that that found on the 
January 30th reversal.  This has me thinking that bears are 
getting close to their bearish target and now getting more 
aggressive with their covering.  Next week, I would really like 
to see a pullback to the $450 level, then that way bulls can look 
for some stocks in the group, or even look to trade a basket of 
biotechs in the Biotech HOLDRS (AMEX:BBH) $117.70 +4.52%.  One 
stock in the biotech sector that I feel a more "conservative" 
biotech bull can trade is the sector bellwether Amgen 
(NASDAQ:AMGN) $57.90 +3.37%.  During the extreme selling in 
September and just recently, AMGN seems to find buyers at the 
$54-$55 level and I think there's some good upside on a longer-
term move to the $65 range.

Jeff Bailey
Senior Market Technician


=========================
Play-of-the-Day (Bullish)
=========================
(( this is a new High-risk/reward play for the weekend ))

Gemstar-TV Guide Intl. - GMST - cls: 18.11 chg: +1.39 stop: 16.49

Company Description:
Gemstar-TV Guide International, Inc., is a leading global 
technology and media company focused on consumer entertainment. 
The Company has three major business sectors: the Technology and 
Licensing Sector, which is responsible for developing, licensing 
and protecting the Company's intellectual property and 
technology; the Company's technology includes the VCR Plus+® 
system, interactive program guide ("IPG") products and services 
marketed under the GUIDE Plus+® and TV Guide Interactive(SM) 
brands and the electronic book ("Gemstar eBook(TM)"); the 
Interactive Platform Sector, which derives recurring income from 
advertising, interactive services, content sales and e-commerce 
on the Company's proprietary platforms, including IPG, 
tvguide.com, eBook, and skymall.com; and the Media and Services 
Sector, which operates the TV Guide® magazines, TV Guide Channel
(SM), TVG Network(SM), and other television media properties, 
provides programming and data services, sells merchandise through 
the SkyMall(TM) catalog and operates a media sales group that 
services all of the Company's media properties. 
(source: company press release)

Why We Like It:
If you're looking for an aggressive bullish play this might be 
one worth noting.  Shares of GMST have been hammered over the 
last few weeks dropping from $28 to $16.  According to a recent 
Reuters article, the catalyst was a downgrade in early January by 
a Robertson Stephens analyst who was concerned over the company's 
patent infringement litigation.  It is this litigation that 
constitutes the greatest risk on a bullish play for GMST.  One 
CIBC World Markets analyst felt that big investors are avoiding 
GMST due to potential risk during the dispute with the 
International Trade Commission over patent use.  We see the 
recent sell-off straight to its September lows as a possible 
entry point for an extremely oversold bounce.  Tuesday, Wednesday 
and Thursday of last week shows that the selling pressure had hit 
tough support near the $16 level.  When the markets erupted with 
bullish sentiment, okay it was really short-covering, on Friday 
the stock took off.  It's close over the $18 resistance level 
(since it was previous support) and the close over its 10-dma, 
which had been overhead resistance for days, has us thinking it 
may have enough gas to make it to $20 and maybe $22.  The MACD 
has bottomed out and is about to produce a bullish crossover and 
volume has risen the last two days in a row, which are both 
positive signs for bulls.  Now remember, the real risk is any 
negative news about their current litigation.  A court room loss 
could result in an immediate gap down for shares.  We're going to 
start with a stop at $16.49.  More aggressive traders willing to 
take more heat might want to consider something under $16, which 
has already been proven as support.  Earnings are expected in 
early March but we don't have a firm date yet.

Picked on February 8th at $18.11 
Gain since picked:         +0.00
Earnings Date              03/02 (unconfirmed)






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

STOCKS WORTH WATCHING
---------------------------------

Legg Mason Inc - LM - close: 53.38 change: +1.59

WHAT TO WATCH: As a brokerage stock, LM has really been out 
performing its sector index the XBD.X.  Shares have slowly been 
climbing higher with buyers stepping in near its 50-dma while in 
contrast the XDB has come under pressure but it did rally on 
Friday with the rest of the oversold sectors.  That Friday rally 
helped LM breakthrough resistance at $53 on decent volume.  
Shares don't move too quickly but bulls might be able to capture 
a move to $60 if the up trend continues.  If you prefer to buy 
near support, look for a pull back to the $50 level.




---

Atwood Oceanics - ATW - close: 37.00 change: +0.59

WHAT TO WATCH: ATW is an oil driller that is definitely out 
pacing its group.  Shares have recently broken out above the $35 
level of resistance and is mounting a new offensive while bulls 
aim for the $40 level.  Volume has been picking up the last two 
days which help add conviction to the move higher.  The price of 
oil is back above the $20 level and has been building its own 
bullish trend for a move higher.  A pull back to $35 may be a 
good entry for a long play on ATW with a very tight stop but 
shares may trade to $40 before that occurs.  If you are 
interested in the oil sector but don't like the looks of ATW, 
check out Amerada Hess (NYSE:AHC).  Shares of AHC have also been 
building on higher lows but the stock is trading a lot closer to 
the OIX and the OSX indices.




---

Airgas Inc - ARG - close: 17.80 change: +0.40

WHAT TO WATCH: Business must be good for this distrubitor of 
industrial, medical and specialty gases.  Who would have known 
that welding fuels, dry ice, liquid carbon dioxide and nitrous 
oxide were that profitable.  Shares had been trading sideways 
under the $16 level for all of December.  The bullish trend 
started to pick up in January but the recent surge has been 
fueled by its latest earnings report.  Now shares are poised to 
breakout above $18 and we think ARG might make it to $20 before 
running out of gas!  Consider a stop under $17 to reduce risk.




---

Mineral Tech Inc - MTX - close: 49.89 change: +1.69

WHAT TO WATCH: Another chemical manufacturing company that 
focuses on mineral-based technologies and products is MTX.  
Shares of this stock have also recently broken out of a multi-
week trading range and resistance at $48.  MACD is ramping up 
again and shares closed at the high for the day on Friday.  A 
pull back to $48 looks like a great entry point but bulls may not 
get the chance to buy on a dip before the stock reaches $50.  We 
think MTX can trade to $54 over the next few weeks.




---

E W Scripps - SSP - close: 72.00 change: +0.89

WHAT TO WATCH: SSP is one media company that doesn't appear to be 
affected by the lagging advertising industry.  The company 
operates a number of newspapers and TV networks.  Shares have 
been on a powerful bullish trend and have just hit a new 52-week 
high.  We would prefer to consider a long play at a dip to $70 
but shares may start to consolidate above the $72 level before 
moving higher.  If you follow the point-and-figure charts you 
might want to wait and see if a buying opportunity presents 
itself near the $69 level.




---

Diagnostic Products - DP - close: 33.10 change: -2.21

WHAT TO WATCH: This medical equipment, supplies and testing 
company has seen its stock price plummet this week after trying 
to regain its 200-dma.  The stock is falling on growing volume as 
it approaches its earnings report.  Wall Street expects DP to 
announce earnings before the bell on Friday, Feb. 15th.  We 
haven't been able to uncover what's causing the selling pressure 
but at this point a move to $30 looks like a good bet.  Not only 
would this be potential round-number psychological support but it 
also represents bullish support on the point-and-figure chart.




---


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

The pattern is broken.
by Russ Moore

After five days of declines, the markets finally ended in 
positive territory. The late day rally was most likely caused by 
short covering however; at this point the bulls will take what’s 
given.

Friday’s session was a choppy one with the major indices taking 
repeated turns on both sides of breakeven. The DOW ended with a 
gain of +1.2 percent while the NASDAQ added +2.1 percent and the 
NDX +2.7 percent. Volume was on the light side with 1.36 billion 
shares trading on the big board and 1.78 billion on the NASDAQ. 
Winners prevailed by a margin of 20/11 on the NYSE and 22/13 on 
the tech index.

Biotech, airline and financial sectors were the top performers on 
the broad market while Internet and software led the tech side.

We’ve talked in the past about the need for corporate America to 
show its’ face in terms of buybacks and cash takeovers. Trim 
Tabs, which has been decidedly bearish due to the lack of 
corporate activity, has lessened its’ stance somewhat. The 
company says corporate liquidity has been improving, mainly due 
to the slowdown in new offerings. In addition, the pace of new 
buyback activity is on the up-tick. The final piece of the 
puzzle, new cash takeovers, has yet to improve.

Put/call ratios along with volatility levels would seem to 
indicate investor indifference. It’s not so much an "I want to 
sell everything" attitude as an "I think I’ll sit tight for now" 
attitude. 

Don’t expect any significant change this week as the much 
anticipated appearance by Ken Lay, at the Enron hearing, will be 
a huge distraction for would be investors.


VIX
Friday 02/08 close: 25.50


VXN
Friday 02/08 close: 49.28


30-yr Bonds
Friday 02/08 close: 5.38


Total Put/Call Ratio: .73


Equity Option Put/Call Ratio: .65


Index Option Put/Call Ratio: 1.10


===

NASDAQ 100 Index (NDX/QQQ)
52-Week High: 103.51
52-Week Low:   28.19
Current close: 36.17

Volume/Open Interest
Maximum calls: 40/55,914
Maximum puts : 35/60,490

Moving Averages
 10 DMA 37
 20 DMA 38
 50 DMA 39
200 DMA 40

Fibanocci Retracements
Relative High: 43.24 (12/06/01)
Relative Low:  27.20 (09/21/01)
38% 37.22
50% 35.31
62% 33.37

===

S&P 100 Index (OEX)
52-Week High:  834.93
52-Week Low:   491.70
Current close: 557.28

Volume/Open Interest
Maximum calls: 580/8,114
Maximum puts : 520/9,615

Moving Averages
 10 DMA  560
 20 DMA  568
 50 DMA  579
200 DMA  597

Fibanocci Retracements
Relative High: 600.80 (01/04/02)
Relative Low:  480.07 (09/21/01)
38% 554.05
50% 539.83
62% 525.37

===

S&P 500 (SPX)
52-Week High:  1530.01
52-Week Low:    965.80
Current close: 1096.22

Volume / Open Interest
Maximum calls: 1150/23,849
Maximum puts : 1100/24,220
Moving Averages
 10 DMA 1104
 20 DMA 1119
 50 DMA 1136
200 DMA 1162

Fibanocci Retracements
Relative High: 1176.97 (01/07/02)
Relative Low:   944.75 (09/21/01)
38% 1087.63
50% 1060.54
62% 1032.99

==

DJIA (INDU)
52-Week High:  11,518.83
52-Week Low:    8,235.81
Current close:  9,744.24

Volume / Open Interest
Maximum Calls:  98/12,130
Maximum Puts    90/20,524

Moving Averages:
 10 DMA  9,746
 20 DMA  9,784
 50 DMA  9,913
200 DMA 10,086

Fibanocci Retracements
Relative High: 10,300.15 (01/07/02)
Relative Low    8,062.34 (09/21/01)
38%  9,445.31
50%  9,181.25
62%  8,912.71

==

Biotech Index (BTK)
52-Week High:  811.61
52-Week Low:   383.28
Current close: 490.40

Volume / Open Interest
Maximum Calls: 460/524
Maximum Puts:  520/606

Moving Averages
 10 DMA 490
 20 DMA 512
 50 DMA 553
200 DMA 545

Fibanocci Retracements
Relative High: 625.15 (12/06/01)
Relative Low:  410.54 (09/21/01)
38% 543.17
50% 517.85
62% 494.09

==

Semiconductor Index (SOX)
52-Week High: 1280.84
52-Week Low:   362.00
Current close: 531.53

Volume / Open Interest
Maximum Calls: 580/1,020
Maximum Puts:  500/1,384

Moving Averages
 10 DMA 542
 20 DMA 539
 50 DMA 546
200 DMA 552

Fibanocci Retracements
Relative High: 606.88 (01/09/02)
Relative Low:  343.93 (09/27/01)
38% 506.43
50% 475.40
62% 443.85

==

Pharmaceutical Index (DRG)
52-Week High:  455.28
52-Week Low:   339.49
Current close: 371.72

Volume / Open Interest
Maximum Calls: 390/690
Maximum Puts:  380/825

Moving Averages
 10 DMA 372
 20 DMA 375
 50 DMA 381
200 DMA 390

Fibanocci Retracements
Relative High: 407.83 (11/26/01)
Relative Low:  353.67 (09/21/01)
38% 384.78
50% 378.88
62% 372.87

*****

CBOT Commitment Of Traders Report: Friday, 02/08. 
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 
01/22/02     342,841   394,041   (51,700)   (9.3%)
01/29/02     345,583   401,923   (56,340)    9.0%
02/05/02     347,583   401,569   (53,986)   (4.3%)

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
01/22/02       125,451    65,423    60,028    (8.6%)
01/29/02       128,826    63,127    63,127     5.1%
02/05/02       128,235    64,404    63,831     1.1%

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 
01/22/02      30,671    34,103    (3,432)     23.0%
01/29/02      31,577    33,651    (2,974)    (13.3%)
02/05/02      32,357    35,405    (3,048)       2.5%

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
01/22/02       11,885     8,787    3,098  
01/29/02        9,709     8,293    1,416    (54.2%)
02/05/02       10,416     8,173    2,243     58.2%

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 
01/22/02      18,152    11,013    7,139      6.6%
01/29/02      19,956    12,171    7,785      9.0%
02/05/02      21,868    12,068    9,800     25.9%

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
01/22/02       5,424     8,969    (3,545)     (5.9%)
01/29/02       5,872     9,709    (3,837)     11.1%
02/05/02       5,764    10,528    (4,764)     24.2%
 
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        +63,831     +65,699        -53,986    -56,340

Total Open
Interest %       (+33.13%)  (+34.23%)      (-7.21%)   (-7.54%)
                 net-long   net-long       net-short  net-short


                     Small Specs             Commercials
DJIA futures     (Current) (Previous)    (Current) (Previous)
Open Interest
Net Value          -4,764     -3,837          +9,800   +7,785
Total Open
interest %       (-29.24%)    (-24.63%)      (+28.88%)  (+24.48)
                 net-short   net-short       net-long    net-long


                     Small Spec              Commercials
NASDAQ 100      (Current) (Previous)    (Current) (Previous)
Open Interest
Net Value         +2,243      +1,416         -3,048    -2,074

Total Open
Interest %        (+12.07%)   (+7.86%)     (-4.50%) (-3.18%)
                 net-long   net-long      net-short  net-short


What COT Data Tells Us
----------------------
Indices:.Very little change in Commercial activity. Keep in mind 
that we are looking for an increase in diversion between 
Commercials and Small Specs. 

Gold: Commercials were busy adding to their net-short positions 
this week while gold continued to move higher. The precious metal 
seems to be attracting a lot of attention these days perhaps as a 
result of the growing weakness in the Japanese markets. 

01/08 24,042 contracts net-short
01/15 53,938 contracts net-short
01/22 50,959 contracts net-short
01/29 31,515 contracts net-short
02/05 58,180 contracts net-short

Data compiled as of Tuesday 02/05 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.

Please read our disclaimer at:
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Do not duplicate or redistribute in any form.


PremierInvestor.net Newsletter          Weekend Edition 02-08-2002
                                                    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/2535_2.asp
=================================================================

In section two:

Net Bulls
  New Bearish Plays:     TWTC
  Bullish Play Updates:  COGN
  Bearish Play Updates:  CLS


Stock Bottom / Active Trader
  New Bullish Plays:     ABF
  Bullish Play Updates:  CHS, HRB, PHSY, UNH
  Bearish Play Updates:  C, SIVB

High Risk/Reward
  New Bullish Plays:     GMST
  Bearish Play Updates:  QCOM

Split Trader
  - none -


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

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

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

Time Warner Telecom Inc - TWTC - cls: 10.40 chg: -0.50 stop: *note*

Company Description:
Time Warner Telecom Inc., headquartered in Littleton, Colo., 
delivers "last-mile" broadband data, dedicated Internet access 
and voice services for businesses in 44 U.S. metropolitan areas. 
Time Warner Telecom Inc. is one of the country's premier 
competitive telecom carriers delivers fast, powerful and 
flexible, fiber, facilities-based metro and regional optical 
networks to large and medium customers. (source: company press 
release)

Why We Like It:
Depressed telecom stocks is nothing new for traders.  Previous 
Wall Street darlings like Lucent and Nortel have been in the poor 
house for months.  One of these previous high flyers is TWTC.  
TWTC is partially owned by the AOL-Time Warner conglomerate.  It 
is no secret that 2001 was a bad year for telecom companies.  
TWTC's stock price fell from the high 70s and didn't stop until 
it hit its October 2001 lows near $6.  With the market in rebound 
mode through the end of 2001 TWTC was able to climb back to the 
$19 level but could not overcome resistance at $20.  Now the 
technology bears have a death grip on the industry and TWTC has 
fallen back to the $10 level.  Earnings were announced last week 
on Feb. 5th.  Revenues were stronger than estimates but earnings 
were pretty dismal with the company losing 28 cents a share 
versus 3 cents a share the year before.  The stock failed to 
rally on Friday and shares appear to be forming a pennant 
formation during the last four or five sessions with higher lows 
and lower highs (of course the lower highs have been a problem 
for most of 2002).  We still believe the trend is down but we're 
going to force TWTC to prove it by crossing our trigger point.  
We'll start the play if shares can trade to $9.49.  Once 
triggered we'll start with a stop at $10.51.  More aggressive 
traders can try and jump in early and try and play if shares fall 
under $10 again.  Our target will be a re-test of the October 
lows near $6.  Wait for the trigger!

Picked on February 8th at $xx.xx <- see trigger
Change since picked:       +0.00
Earnings Date           02/05/02 (confirmed)





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

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

Cognos Inc. - COGN - close: 26.99 change: -0.11 stop: 26.37

The Nasdaq broke its losing streak and the software sector posted 
a 4% gain in the GSO.X index.  It would be natural to think that 
with a positive market, one of the sector's stronger performers 
might be leading the way higher.  Unfortunately, this was not the 
case.  COGN traded sideways in a very tight range of only 45 
cents.  We're encouraged by the rebound in the GSO but the group 
was so oversold already we were already expected a bounce.  The 
trend is still down for the industry and another day or two 
higher won't matter and frankly we'll probably be looking for 
potential short play entry points as other software stocks near 
resistance.  This of course doesn't paint a strong picture to go 
long COGN and therefore we probably wouldn't encourage new long 
positions at this time.  We raised our stop on Thursday and plan 
to sit back and see where the market and the stock leads us.

Picked on January 25th at $25.47
Gain since picked:         +1.52
Earnings Date           04/10/02 (unconfirmed)





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

Celestica - CLS - close: 39.77 change: +0.95 stop: 42.05 *new*

The end of the week rally for the markets and more specifically 
the technology sectors may have given some investors hope that 
the recent sell-off is over but we're not convinced.  Actually, 
the whole scenario looked like a big bout of short-covering as 
bears closed positions ahead of the weekend.  So many sectors 
were so oversold the markets needed a rebound.  Thus we are not 
surprised that CLS gained 2.4% with a last hour rally attempt on 
Friday.  The fact that shares couldn't make it over the $40 level 
helped confirm that area as resistance.  CLS has another level of 
overhead resistance at $40.50 if it can manage to push through 
$40 on a positive Monday showing.  Keep an eye on DELL this week 
as the hardware seller announces earnings.  CLS is an OEM 
supplier for them and positive or negative comments could filter 
to CLS' stock price.  This actually looks like a decent place to 
consider a new short entry but wait and see where the market is 
trading midday on Monday as any rally attempt may start to fizzle 
out.  Traders who prefer to initiate on a breakdown can look for 
CLS to drop below the $38.25 or $38.00 levels.  We're going to 
move our stop to $42.05.

Picked on February 5th at $39.40
Gain since picked:         -0.37
Earnings Date           01/31/02 (confirmed)






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

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

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

Airborne Inc - ABF - close: 15.81 change: +0.49 stop: 14.89

Company Description:
For more than 50 years, Airborne and its subsidiaries have served 
the shipping needs of business customers around the world. Today, 
Airborne offers total distribution solutions by providing time-
sensitive delivery of documents, letters, small packages, and 
freight to virtually every U.S. ZIP code and more than 200 
countries. Customers can select from a variety of services 
including same-day, next-morning, 10:30 a.m., next-afternoon, 
second-day, ground delivery service, eCourier, international air 
express and freight, ocean service, and logistics management.
(source: company press release)

Why We Like It:
We had been doing so well on the FDX play that we were tempted to 
add ABF after being stopped out of FDX due to a brokerage 
downgrade.  Both stocks have been holding up rather well in the 
current markets despite a weak Dow Transports index over the last 
several sessions.  Both ABF and FDX appear to be out performing 
their competitor UPS.  We further like ABF due to investor 
reaction to their recent earnings.  Estimates had been for a 12-
cent loss and ABF came in with a 5-cent profit.  That's 
encouraging but their post-earnings announcement comments were 
not that exciting and could have lead to investor flight from the 
stock but it didn't.  ABF management felt that 2002 would be 
tough and increased costs would hurt Q1 earnings.  However, 
investors could be betting on ABF while also betting on the 
economy turnaround.  Lack of reaction to the not so positive 
conference call is a good sign for bulls but we're going to play 
ABF only if it can trade to our trigger point.  Early January saw 
tough resistance at $16 and shares are fighting with this level 
again.  If shares can trade to $16.05 we'll go long and start 
with a stop at $14.95.  The stock has been building a bullish 
wedge with higher lows so an upside breakout seems imminent 
although volume has really dried up the last couple of sessions.  
The bounce in the Dow Transports on Friday might carry over into 
Monday and this may be an extra catalyst to get ABF through its 
current resistance.  

Picked on February 8th at $xx.xx <- see trigger
Change since picked:       +0.00
Earnings Date           02/01/02 (confirmed)





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

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

Chico's F A S Inc - CHS - cls: 32.04 chg: +0.03 stop: 28.98 

Right on queue, the RLX.X retail index bounced off its 50-dma 
while the rest of the markets posted strong gains.  The bad news 
for longer-term bulls was that Friday's rally looked like a 
short-covering session and not new bullish conviction taking 
root.  The source of the rally meant that most of the gains were 
in beaten down issues and the week's stronger movers languished 
sideways.  CHS was one of the equities that traded sideways in a 
tight range while traders focused on other issues.  We still feel 
that a bounce at $30.50 or $31.00 might be a good entry for new 
positions and our exit price of $34.75 is still in effect.

Picked on January 25th at $29.55 
Gain since picked:         +2.47
Earnings Date           03/05/02 (unconfirmed)




---

H R Block - HRB - close: 47.24 chg: +0.45 stop: 44.25

We are starting to see a little more conviction in the bulls for 
HRB and the stock actually closed over the $47 level.  Shares 
continue to build a higher lows-type of pattern but a dip to $46 
could still be an attractive entry for a new long position.  The 
announcement on Wednesday that HRB would be offering more 
services to gain new customers and increase revenue off current 
customers throughout the year and not just tax season is a long-
term positive for bullish investors.  Earnings are coming up at 
the end of the month and shares should be able to keep the ascent 
going as it approaches.  We're not going to adjust our stop at 
this time but more conservative traders can still look at the 
$45.00 to 45.50 area to consider tighter stops.

Picked on February 5th at $47.01 
Gain since picked:         +0.23
Earnings Date           02/27/02 (unconfirmed)




---

PacifiCare Health - PHSY - cls: 21.24 chg: -0.02 stop: 19.75*new*

We hate it when that happens!  In Thursday's newsletter we 
mentioned how we were thinking about making $23.25 an exit point 
but we didn't make it official.  Wouldn't you know it...on Friday 
the stock shoots up to trade to $23.35.  That's the good news.  
The bad news is shares came right back down to the $21.25 area.  
Volume was very strong which might be indicative of a blow off 
move.  Short-term traders who didn't have a target price may want 
to consider taking the $1.00 gain and waiting for shares to pull 
back before re-entering again.  At this point we might see PHSY 
pull back to the $20 level before trading higher again especially 
if the tech sector continues to rally on Monday (even though we 
think a tech rally would only be temporary).  We are going to 
raise our stop to $19.75 and make the $23.25 level an official 
exit.  If it trades higher again we'll be sure to capture the 
profit next time.  Look for the company to announce earnings on 
Wednesday.

Picked on February 6th at $20.25  
Change since picked:       +0.99
Earnings Date           02/13/02 (confirmed)




---

UnitedHealth Group - UNH - cls: 74.43 chg: -0.67 stop: 71.75

The rally in the broader market and technology issues took the 
focus off healthcare stocks.  While short-traders covered, 
momentum traders rotated money from recent winners like 
healthcare and tried to catch the wave in tech.  We're still 
bullish on healthcare but if the rally continues on Monday we 
expect UNH to lag behind the indices.  On a more encouraging 
note, the bottom on Friday was a bounce off its 15-dma and 
traders looking for a new entry might want to consider one here 
or when shares finally close over $75.  Confirm stock direction.

Picked on January 11th at $71.75 
Gain since picked:         +2.68
Earnings Date           01/24/02 (confirmed)





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

Citigroup Inc - C - close: 45.49 change: +1.35 stop: 47.01 

If you were watching business T.V. on Friday night then you may 
heard them talking about Citigroup's involvement in the Enron LJM 
partnership which was were most of the fraudulent activities took 
place.  We talked about this on Thursday but it did not seem to 
stop the stock from gaining three percent in Friday's rally.  
Shares remain under the $46 level which could act as resistance 
bolstered by the 10-dma overhead.  We see this only as an 
oversold bounce but if shares can make it over the 10-dma then we 
may change our tune.  We re-addressed a lot of the reasons why we 
are playing Citigroup as a short on Thursday so there isn't much 
new to say at this time.  Also in the news on Friday for 
Citigroup was word that they will proceed with their planned IPO 
for their Traveler's unit, which was heralded as a major merger 
just a few years ago.  Citigroup plans to raise about $1 billion 
by offering 20 percent of the company in the IPO.  The IPO is 
expected to take place during the first quarter and the new 
symbol will probably be TAP.A on the NYSE.

Picked on January 29th at $46.71
Gain since picked:         +1.22
Earnings Date           01/17/02 (confirmed)


 

---

Silicon Valley - SIVB - cls: 22.00 chg: +0.20 stop: 23.01 

The rebounding in the banking sector on Friday helped SIVB 
recover from its morning lows and shares actually closed on 
current overhead resistance at $22.  As you know, shares of SIVB 
had been bouncing above the $22 level for days until the stock 
broke down on Wednesday.  The stock has found new support at 
$21.20-21.15 while $22 now acts as resistance.  Looking at a 
chart of the BIX and the BKX we suspect the rally might continue 
for another day.  Then we would be looking for the group to roll 
over at resistance.  Keep an eye on the indices while you play 
SIVB.  The 15-dma near $22.60 should be resistance for the stock 
if it breaks out above $22.00.  If shares trade to $20.05 we'll 
exit.

Picked on January 18th at $22.93
Gain since picked:         +0.93
Earnings Date           01/16/02 (confirmed)


 



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

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

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

Gemstar-TV Guide Intl. - GMST - cls: 18.11 chg: +1.39 stop: 16.49

Company Description:
Gemstar-TV Guide International, Inc., is a leading global 
technology and media company focused on consumer entertainment. 
The Company has three major business sectors: the Technology and 
Licensing Sector, which is responsible for developing, licensing 
and protecting the Company's intellectual property and 
technology; the Company's technology includes the VCR Plus+® 
system, interactive program guide ("IPG") products and services 
marketed under the GUIDE Plus+® and TV Guide Interactive(SM) 
brands and the electronic book ("Gemstar eBook(TM)"); the 
Interactive Platform Sector, which derives recurring income from 
advertising, interactive services, content sales and e-commerce 
on the Company's proprietary platforms, including IPG, 
tvguide.com, eBook, and skymall.com; and the Media and Services 
Sector, which operates the TV Guide® magazines, TV Guide Channel
(SM), TVG Network(SM), and other television media properties, 
provides programming and data services, sells merchandise through 
the SkyMall(TM) catalog and operates a media sales group that 
services all of the Company's media properties. 
(source: company press release)

Why We Like It:
If you're looking for an aggressive bullish play this might be 
one worth noting.  Shares of GMST have been hammered over the 
last few weeks dropping from $28 to $16.  According to a recent 
Reuters article, the catalyst was a downgrade in early January by 
a Robertson Stephens analyst who was concerned over the company's 
patent infringement litigation.  It is this litigation that 
constitutes the greatest risk on a bullish play for GMST.  One 
CIBC World Markets analyst felt that big investors are avoiding 
GMST due to potential risk during the dispute with the 
International Trade Commission over patent use.  We see the 
recent sell-off straight to its September lows as a possible 
entry point for an extremely oversold bounce.  Tuesday, Wednesday 
and Thursday of last week shows that the selling pressure had hit 
tough support near the $16 level.  When the markets erupted with 
bullish sentiment, okay it was really short-covering, on Friday 
the stock took off.  It's close over the $18 resistance level 
(since it was previous support) and the close over its 10-dma, 
which had been overhead resistance for days, has us thinking it 
may have enough gas to make it to $20 and maybe $22.  The MACD 
has bottomed out and is about to produce a bullish crossover and 
volume has risen the last two days in a row, which are both 
positive signs for bulls.  Now remember, the real risk is any 
negative news about their current litigation.  A court room loss 
could result in an immediate gap down for shares.  We're going to 
start with a stop at $16.49.  More aggressive traders willing to 
take more heat might want to consider something under $16, which 
has already been proven as support.  Earnings are expected in 
early March but we don't have a firm date yet.

Picked on February 8th at $18.11 
Gain since picked:         +0.00
Earnings Date              03/02 (unconfirmed)





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

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


QUALCOMM - QCOM - close: 37.24 change: -1.87 stop: 38.46 *new*

Negative comments from a report issued by the Center for 
Financial Research and Analysis sparked a flurry of new concerns 
and rumors over QCOM's accounting practices.  QCOM's CFO stepped 
in to defend his company and claimed that the research company 
was taking data out of context.  As expected the market reacted 
negatively and shares bypassed our target of $35 to trade to 
$34.59.  However, with the CFO's comments coming out to defend 
the stock shares did bounce back substantially.  We strongly 
considered closing the play now since QCOM has actually closed 
below our initial comments of aiming for the $38.50 level.  What 
we have chosen to do is lower our stop to protect a sizeable gain 
while waiting to see if investor fear takes the stock lower again 
on Monday.  Our main reason for keeping the play open is the 
stock's lack of strength in closing back above the $38 level, 
which we think is key.  There is no harm in closing the play and 
taking gains and truthfully, that is what we would suggest.  
Shares were trading higher in after-hours to $37.89, which will 
probably translate into more of a rebound come Monday morning.  
However, we are going to lower our stop to $38.46.  If shares 
trade through this level we'll close the play for a $4.00 move.  
Otherwise we'll see how far QCOM can fall while keeping our stop 
fresh.  The IXTCX combined telecom index traded mostly sideways 
again on Friday but the YLS.X gained ground.  Both indices and 
QCOM are very oversold and could bounce for two or three days 
before rolling over again and heading to new lows.  The $39 to 
$40 area could be tough new resistance for QCOM to overcome.  
Currently the newsletter is up over 12% in the play.

Picked on February 1st at $42.46 
Gain since picked:         +5.22
Earnings Date           01/24/02 (confirmed)








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

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

Please read our disclaimer at:
http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html

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Do not duplicate or redistribute in any form.





PremierInvestor.net Newsletter         Weekend Edition 02-08-2002
                                                   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/2535_3.asp
=================================================================

In section three:

Market Watch for Week of February 11th
   - 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 February 11th
==================================================

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

Symbol  Company               Date           Comment      EPS Est

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

AIV    Apartment Invest Man   Mon, Feb 11  -----N/A-----     1.30
ASN    Archstone Communities  Mon, Feb 11  Before the Bell   0.51
CNT    CenterPoint Prop Trust Mon, Feb 11  After the Bell    0.98
CHTR   Charter Communications Mon, Feb 11  Before the Bell  -1.08
CHD    Church & Dwight        Mon, Feb 11  Before the Bell   0.28
CUZ    Cousins Properties     Mon, Feb 11  After the Bell    0.55
DTE    DTE Energy             Mon, Feb 11  Before the Bell   1.42
INET   Instinet Group Llc     Mon, Feb 11  After the Bell     N/A
IDCO   Interactive Data Corp  Mon, Feb 11  Before the Bell    N/A
LNCR   Lincare Holdings       Mon, Feb 11  After the Bell    0.36
NHY    Norsk Hydro            Mon, Feb 11  Before the Bell    N/A
OCR    Omnicare               Mon, Feb 11  Before the Bell   0.27
PRE    PartnerRe              Mon, Feb 11  After the Bell    0.56
SCZ    Security Capital Group Mon, Feb 11  After the Bell    0.57
TTN    Titan                  Mon, Feb 11  After the Bell    0.14
TKTX   Transkaryotic          Mon, Feb 11  -----N/A-----    -0.67
YUM    Tricon Global Rest     Mon, Feb 11  After the Bell    1.04
VAL    Valspar                Mon, Feb 11  -----N/A-----     0.25
WLP    WellPoint Health Ntwrk Mon, Feb 11  After the Bell    1.59

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

ALKS   Alkermes               Tue, Feb 12  Before the Bell  -0.27
AMAT   Applied Materials      Tue, Feb 12  After the Bell   -0.01
BBI    Blockbuster            Tue, Feb 12  Before the Bell   0.28
BP     BP Amoco               Tue, Feb 12  -----N/A-----     0.56
CDX    Catellus Development   Tue, Feb 12  After the Bell     N/A
CEFT   Concord EFS            Tue, Feb 12  Before the Bell   0.17
COX    Cox Communication      Tue, Feb 12  Before the Bell  -0.18
CRWN   Crown Media Holdings   Tue, Feb 12  Before the Bell  -0.44
DE     Deere & Company        Tue, Feb 12  Before the Bell  -0.24
EVC    Entravisions Com Corp  Tue, Feb 12  After the Bell   -0.14
EXPD   Expeditors Inter WA    Tue, Feb 12  -----N/A-----     0.50
FOX    Fox Entertainment      Tue, Feb 12  After the Bell    0.08
KEA    Keane                  Tue, Feb 12  After the Bell    0.08
KQIP   KPNQwest NV            Tue, Feb 12  Before the Bell  -0.13
LRY    Liberty Property Trust Tue, Feb 12  -----N/A-----     0.86
MET    Metropolitan Life Ins  Tue, Feb 12  Before the Bell   0.58
MLI    Mueller Industries     Tue, Feb 12  Before the Bell   0.42
NOI    National-Oilwell       Tue, Feb 12  Before the Bell   0.34
NTAP   Network Appliance      Tue, Feb 12  After the Bell    0.02
NWS    News Corporation       Tue, Feb 12  After the Bell    0.17
OSI    Outback Steakhouse     Tue, Feb 12  -----N/A-----     0.43
OVER   Overture Services, Inc Tue, Feb 12  After the Bell    0.19
PER    Perot Systems          Tue, Feb 12  Before the Bell   0.17
PRU    Prudential Finan, Inc. Tue, Feb 12  After the Bell    0.14
STR    Questar                Tue, Feb 12  After the Bell    0.47
RTRSY  Reuters Group          Tue, Feb 12  Before the Bell    N/A
STOSY  Santos ADR             Tue, Feb 12  -----N/A-----      N/A
SIAL   Sigma-Aldrich          Tue, Feb 12  After the Bell    0.44
SPW    SPX                    Tue, Feb 12  Before the Bell   2.03
SWMAY  Swedish Match          Tue, Feb 12  -----N/A-----      N/A
SCMR   Sycamore Networks      Tue, Feb 12  After the Bell   -0.12
TMS    Thomson Multimedia     Tue, Feb 12  -----N/A-----      N/A
TZH    Trizec Hahn            Tue, Feb 12  Before the Bell   0.56
VFC    VF                     Tue, Feb 12  After the Bell    0.48
WSH    Willis Grp Hldgs Limit Tue, Feb 12  Before the Bell   0.25
XL     XL Capital             Tue, Feb 12  After the Bell    0.13

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

ABB    ABB                    Wed, Feb 13  -----N/A-----      N/A
ACE    ACE Limited            Wed, Feb 13  Before the Bell   0.15
AW     Allied Waste Industres Wed, Feb 13  After the Bell    0.06
APPB   Applebee`s Inter       Wed, Feb 13  After the Bell    0.44
ATR    AptarGroup             Wed, Feb 13  After the Bell    0.26
AVE    Aventis                Wed, Feb 13  -----N/A-----      N/A
BRCD   Brocade Com Systems    Wed, Feb 13  After the Bell    0.05
CSG    Cadbury Schweppes      Wed, Feb 13  -----N/A-----      N/A
CPB    Campbell Soup          Wed, Feb 13  Before the Bell   0.49
DCN    Dana                   Wed, Feb 13  -----N/A-----    -0.06
DRYR   Dreyer's Grd Ice Cream Wed, Feb 13  Before the Bell   0.00
ENZN   Enzon                  Wed, Feb 13  Before the Bell   0.18
FNF    Fidelity Nat Financial Wed, Feb 13  Before the Bell   0.97
FAF    First American Finan   Wed, Feb 13  Before the Bell   0.66
FR     First Ind Realty Trust Wed, Feb 13  After the Bell    0.95
FST    Forest Oil             Wed, Feb 13  After the Bell    0.05
GALN   Galen Holdings PLC     Wed, Feb 13  -----N/A-----     0.32
HNT    Health Net, Inc.       Wed, Feb 13  Before the Bell   0.44
HWP    Hewlett-Packard        Wed, Feb 13  After the Bell    0.16
ITMN   InterMune, Inc.        Wed, Feb 13  After the Bell   -0.71
INTU   Intuit                 Wed, Feb 13  After the Bell    0.57
JBX    Jack in the Box        Wed, Feb 13  Before the Bell   0.64
LZB    La-Z-Boy               Wed, Feb 13  -----N/A-----     0.31
LH     Laboratory Corp.       Wed, Feb 13  After the Bell    0.55
MAR    Marriott International Wed, Feb 13  -----N/A-----     0.25
NXY    Nexen                  Wed, Feb 13  After the Bell     N/A
OO     Oakley                 Wed, Feb 13  -----N/A-----     0.04
ODP    Office Depot           Wed, Feb 13  -----N/A-----     0.18
RUK    Reed International     Wed, Feb 13  -----N/A-----      N/A
RSE    Rouse                  Wed, Feb 13  -----N/A-----     0.93
SCG    SCANA                  Wed, Feb 13  Before the Bell   0.54
SRA    Serono S.A.            Wed, Feb 13  -----N/A-----     0.12
TFX    Teleflex               Wed, Feb 13  After the Bell    0.74
TTEC   TeleTech Holdings      Wed, Feb 13  After the Bell    0.08
TMO    Thermo Electron        Wed, Feb 13  After the Bell    0.23
THQI   THQ Inc                Wed, Feb 13  After the Bell    1.08
TLRK   Tularik                Wed, Feb 13  -----N/A-----    -0.40
VIAb   Viacom                 Wed, Feb 13  Before the Bell  -0.10
WE     Westcoast Energy       Wed, Feb 13  -----N/A-----      N/A
WFMI   Whole Foods Market     Wed, Feb 13  After the Bell    0.33
YCC    Yankee Candle          Wed, Feb 13  -----N/A-----     0.63

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

ABN    ABN Amro Holdings      Thu, Feb 14  -----N/A-----      N/A
ADI    Analog Devices         Thu, Feb 14  -----N/A-----     0.11
BHI    Baker Hughes           Thu, Feb 14  Before the Bell   0.35
BCS    Barclays PLC           Thu, Feb 14  -----N/A-----      N/A
BHP    BHP Billiton Ltd       Thu, Feb 14  Before the Bell   0.12
BNN    Brascan Corporation    Thu, Feb 14  Before the Bell    N/A
CVC    Cablevision Systems    Thu, Feb 14  Before the Bell  -1.12
CNA    CNA Financial Corp     Thu, Feb 14  Before the Bell  -1.08
DF     Dean Foods Company     Thu, Feb 14  Before the Bell   1.09
DELL   Dell                   Thu, Feb 14  -----N/A-----     0.17
GSK    GlaxoSmithKline        Thu, Feb 14  Before the Bell   0.58
HRH    Hilb, Rogal&Hamilton   Thu, Feb 14  Before the Bell   0.20
HRL    Hormel Foods           Thu, Feb 14  Before the Bell   0.36
IM     Ingram Micro           Thu, Feb 14  After the Bell    0.08
MTA    MATĮV                  Thu, Feb 14  -----N/A-----      N/A
MAY    May Department Store   Thu, Feb 14  -----N/A-----     1.37
NFX    Newfield Exploration   Thu, Feb 14  -----N/A-----     0.46
NVDA   NVIDIA                 Thu, Feb 14  After the Bell    0.33
PDG    Placer Dome            Thu, Feb 14  After the Bell    0.09
PDS    Precision Drill Corp   Thu, Feb 14  Before the Bell   0.36
RMG    Rainbow Media Group    Thu, Feb 14  Before the Bell    N/A
IMI    SanPaolo IMI SpA       Thu, Feb 14  -----N/A-----      N/A
SBL    Symbol Technologies    Thu, Feb 14  After the Bell    0.06
TU     TELUS Communications   Thu, Feb 14  -----N/A-----      N/A
TEVA   Teva Pharmaceutical    Thu, Feb 14  Before the Bell   0.61
UBS    UBS AG                 Thu, Feb 14  -----N/A-----      N/A
UN     Unilever N.V.          Thu, Feb 14  -----N/A-----      N/A
BER    W.R. Berkley           Thu, Feb 14  -----N/A-----     0.23
WPI    Watson Pharmaceutical  Thu, Feb 14  -----N/A-----     0.36

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

ABX    Barrick Gold           Fri, Feb 15  -----N/A-----     0.14
DP     Diagnostic Products    Fri, Feb 15  Before the Bell   0.35
FS     Four Seasons Hotels    Fri, Feb 15  Before the Bell   0.12
LYG    Lloyds TSB Group       Fri, Feb 15  -----N/A-----      N/A
MAS    Masco                  Fri, Feb 15  -----N/A-----     0.25
NAV    Navistar International Fri, Feb 15  Before the Bell  -0.94
ZLC    Zale Corporation       Fri, Feb 15  Before the Bell   2.63


  -------------------------------
  Upcoming Stock Splits In The Next Two Weeks...
  -------------------------------

Symbol  Company Name              Ratio    Payable     Executable

SONC    Sonic Corp                3:2      02/08       02/11
MGAM    Multimedia Games Inc.     3:2      02/10       02/11
RSC     REX Stores                3:2      02/11       02/12
HIBB    Hibbett Sporting Goods    3:2      02/18       02/19
HTLD    Heartland Express      3.15:2      02/18       02/19
BLL     Ball Corp                 2:1      02/21       02/22
CEBC    Centennial Bank          21:20     02/22       02/25
ACS     Affiliated Computer Svcs  2:1      02/22       02/25


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

We still have a full week of earnings ahead of us but they are
starting to wind down.  There is also a number of stock splits
over the next couple of weeks.  The major economic reports that
analysts will be following are the retail sales numbers on
Wednesday and the PPI report at the end of the week.


Monday, 02/11/02
----------------
None


Tuesday, 02/12/02
-----------------
None


Wednesday, 02/13/02
-------------------
Retail Sales (BB)        Jan  Forecast:  -0.2%  Previous:   -0.1%
Retail Sales ex-auto (BB)Jan  Forecast:   0.2%  Previous:   -0.1%


Thursday, 02/14/02
------------------
Business Inventories (BB)Dec  Forecast:  -0.5%  Previous:   -1.0%
Initial Claims (BB)    02/09  Forecast:    N/A  Previous:    376K
Export Prices ex-ag (BB) Jan  Forecast:    N/A  Previous:   -0.4%
Import Prices ex-oil (BB)Jan  Forecast:    N/A  Previous:   -0.3%


Friday, 02/15/02
----------------
PPI (BB)                 Jan  Forecast:   0.2%  Previous:   -0.7%
Core PPI (BB)            Jan  Forecast:   0.1%  Previous:   -0.1%
Industrial Production(DM)Jan  Forecast:   0.0%  Previous:   -0.1%
Capacity Utilization(DM) Jan  Forecast:  74.3%  Previous:   74.4%
Mich Sentiment-Prel (DM) Jan  Forecast:   94.3  Previous:    93.0

Definitions:
DM=  During the Market
BB=  Before the Bell
AB=  After the Bell



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

NAB     National Australia Bank    87.65     +2.04
AXA     AXA                        18.34     +0.74
CI      Cigna Corp                 90.95     +1.27
GSB     Golden State Bancorp       28.56     +0.76
TII     Thomas Industries Inc      25.40     +0.63
BKST    Brookstone Inc             12.40     +0.55

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

DDS     Dillard's Inc              15.50     +2.56
CTB     Cooper Tire & Rubber       15.80     +1.06
VXGN    Vaxgen Inc                 11.22     +1.79

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

GCI     Gannett Co Inc             70.95     +1.95
SDS     Sungard Data Systems       30.50     +1.80
BSX     Boston Scientific Corp     23.47     +1.74
LH      Laboratory Corp            87.50     +4.18
AVY     Avery Dennison Corp        60.10     +1.41
MHK     Mohawk Industries Inc      56.60     +1.89
CXR     Cox Radio Inc              24.75     +1.14

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

QCOM    QUALCOMM                   37.46     -1.65
EDS     Electronic Data Systems    57.50     -1.50
TV      Grupo Television           41.20     -2.38
NVDA    NVIDIA Corp                57.72     -2.29
ADRX    Andrx Corp                 49.00     -1.27
ZBRA    Zebra Technologies         48.64     -1.31

----------------------------------------- 
Recently Overbought With Bearish Signals (Stocks over $20)
------------------------------------------- 
Ticker  Company Name               Close     Change 

        ... none..                                  




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