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Daily Newsletter, Wednesday, 02/20/2002

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PremierInvestor.net Newsletter              Wednesday 02-20-2002
                                                  section 1 of 2
Copyright  2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
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In section one:

Market Wrap:     Short covering rally
Play-of-the-Day: Are We Early on Biotech?
Watch List:      FLIR, WGO, MBG, DD, YHOO, CHKP, DRIV

-----------------------------------------------------------------
U.S. Market Numbers
-----------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
-----------------------------------------------------------------
02-20-2002               High     Low     Volume Advance/Decline
DJIA     9941.20 +196.10  9956.00  9734.20 1.42 bln   1893/1221
NASDAQ   1775.50 + 24.90  1777.18  1729.20 1.89 bln   1980/1532
S&P 100   557.59 +  8.37   557.87   544.82   Totals   3873/2753
S&P 500  1097.98 + 14.64  1098.32  1074.36
RUS 2000  467.25 +  7.27   467.29   457.21
DJ TRANS 2697.13 + 24.73  2697.13  2652.98
VIX        24.26 -  2.11    27.00    24.09
VXN        46.68 -  0.55    47.92    46.30
TRIN        0.85
PUT/CALL    0.86
-----------------------------------------------------------------

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

Short covering rally

Friday's wrap title, "They're due for a bounce, but when?" may 
have been answered with today's late-session rally.  At 01:30 PM 
EST, stocks were at their session low when somebody threw a 
switch that ignited buying.  No matter how long you comb the 
newswires for some explanation as to what triggered the buying, 
you probably aren't going to find anything.

It would be unfair for me to say we saw this coming.  We didn't, 
and I don't think anyone else did.  The only thing that we did 
note in last night wrap was some stocks (even ones on our play 
list like LEH and CCMP) had come very close to achieving some 
bearish vertical counts and that may have had some institutional 
short sellers looking to lock in some profits at those targets.

The markets are very rarely what I'd describe as "predictable."  
When you throw in some accounting concerns and offset it with an 
economic environment that is showing some signs of strengthening, 
you're going to get whipsaws like we saw today.  While bears puff 
their chests from time to time with the "I told you so routine" 
they were hard to find late this afternoon when it looked the S&P 
500 Index (SPX.X) was breaking recent critical support of 1,077 
and would close below that level.

Today's volatility is that of uncertainty.  It's not just the 
bulls that I feel are uncertain, but also the bears.  There was a 
juicy steak ready for the bears with the S&P 500 breaking down 
late this afternoon, but bears weren't able to keep the push 
lower going into the close.  Why is that?  It may simply be that 
there just aren't enough sellers around right now to meet the 
demand that bears had for locking in some gains.

Now we're going to try and take advantage of that.

Bullish on biotech

I don't write everything I'm thinking.  Last night, after 
finishing the market wrap, I was looking at the Biotech Index 
(BTK.X).  My thoughts were, if we get a dip lower at the open, 
but they peg their highs near the close, I want to look bullish 
this group on Thursday.

Well, the Biotech Index (BTK.X) 496.96 +3.68% never traded in 
negative territory today, but it did peg the close at a session 
high.  In last night wrap (sector to watch/monitor) I mentioned 
that this is the sector that I was "vaguely" interested in from 
the bullish side.  Our "key stock" in Amgen (NASDAQ:AMGN) $58.95 
+3.6% had a good day and this is something I wanted to see in 
order to move off the proverbial bar stool and onto the dance 
floor.

The Biotech HOLDDRS (AMEX:BBH) trade very similar to the Biotech 
Index (BTK.X).  I'm going to transition to the technicals there.  
Here are the pieces of the puzzle that will eventually create the 
entire trading scenario.  There's a couple of pieces missing 
right now, but I will lay out what bulls want to look for going 
forward.  

Relative Strength Chart of Biotech vs. S&P 500




In late September (red 9) early October (red A) of last year, we 
turned bullish toward the biotech sector.  As you can see from 
the above chart, the RS turned into a column of X at 45 in early 
October (red A) and hinted that the Biotech's may be getting 
reading to lead a recover.  The Biotech Index (BTK.X) did lead 
and outperformed the S&P 500 until November (red B).  Now we see 
a recent reversal back into a column of X once again, so our 
thinking is now like that of last October.

The reason I'm using the BTK.X instead of the Biotech HOLDRS 
(BBH) to measure relative strength is that it gives us a broader 
range to measure against.  The equation for deriving relative 
strength is very simple.  Take the close of the BTK.X and divide 
by the SPX.  Since today's close for the BTK.X was 496.96 and the 
close for the SPX was 1,097.98, we're able to derive a value of 
.4526.  Multiply that .4526 by a factor of 100 and you get 45.26 
which is a chartable value.

To remove "noise" we chart RS just as we would a stock, using the 
3-box reversal technique.  To get the above chart into a column 
of O (weakness), we would need a calculation of 44.

Now, lets look at a bar chart of the Biotech HOLDRS (AMEX:BBH) 
and see what may be taking place there.  We're going to use 
regression channels and retracement to identify levels and set 
some near-term goals.  In an early part of a potential rebound, 
you're going to have some hurdles to clear.  These hurdles become 
tests.

Biotech HOLDRS Chart - Daily Interval




The Biotech HOLDRS (BBH) closed right at their session high of 
$120.00 today and right on the downward regression channel.  The 
current technical are very similar to that found in early October 
where relative strength of the biotechs grew stronger.  If the 
BBH can close above the $122 level and make a move to $124, I 
think a longer-term bullish move could present itself.  Since 
bulls in the sector would be very early in a new bullish move, 
I'd start with a stop just Tuesday's low and our 50% retracement 
level of $115.69, with at stop at $114.

For a trading strategy of a less aggressive bull, think about 
establishing just 1/2 position.  Then if some "market event" has 
selling in the group, a lesser amount of capital has been 
exposed.  The first hurdle most likely comes at the $121 level.  
I will also note the 200-day moving average at $124.97.  Now 
comes the potential icing on the cake for our bullish trading 
scenario.  The potential triple-top at $124.

Biotech HOLDRS Chart - $2 box




Some of the things we see in the bar chart also show up in the 
point and figure chart.  The first thing that catches the eye is 
the current downward channel.  For bullishness to take place in 
this supply/demand chart, we would need to see a trade at the 
$124 level.  In essence, a bullish trade right now is a little 
early, but I'm going to defer to the relative strength chart of 
the biotechs vs. the S&P 500 to be looking long.  

Subscribers have asked me before if I try to "pretend" how a 
trade would unfold and look down the road.  The answer has been 
yes.  What that does for me is then gives me a scenario to test 
against and help manage the trade going forward.

If we were to get a trade at the $124 level, that would turn the 
now current bearish vertical count of $110 (the BBH traded a 
recent low of $111.68) bullish and have us looking at a longer-
term initial bullish count of $142.  

As mentioned earlier, there are some things that need to take 
place going forward for this trade to unfold in our favor.  Given 
the prospects of a longer-term bullish target of $142 ($22 upside 
from today's close of $120) and downside risk to a stop at $114 
($6 downside) I like the risk/reward $6/$22.

How's the "big daddy" in the group doing?

"The Big Daddy" for the biotechs is Amgen (NASDAQ:AMGN) and while 
she has bent lower from the $67 level when rumors first 
circulated that AMGN might be buying fellow biotech Immunex 
(NASDAQ:IMNX) and were finally announced on December 17th, the 
stock had already fallen to the $56 level.  Since that time, the 
stock has been in a base-building phase, but starting to make 
some strides to the upside.  

Amgen Chart - Daily Interval




Despite the market turmoil since the beginning of the year, the 
sharp decline prior to and immediately after Amgen (AMGN) 
announced it would buy Immunex (IMNX) looks to have removed some 
risk in the stock.  While some market concerns over accounting 
issues had added to market uncertainty, the ability of AMGN to 
hold the $54 level on a closing basis is impressive.  

For those looking to play the Biotech HOLDRS (BBH) bullish or any 
biotech stock for that matter, then shares of Amgen (AMGN) should 
be monitored.  The first hurdle here would be a break above the 
200-day moving average at $60.64.  Should that take place with 
the triple-top at $124 in the biotech HOLDRS, then we're going to 
be getting some further signals that the biotech's may indeed be 
ready for a new leg higher.

For those that don't know, the Biotech HOLDRS (BBH) are similar 
to a mutual fund.  It is a "basket" of biotech stocks.  The bulk 
of the BBH is concentrated in AMGN, IMNX and DNA.  Other 
components include BGEN, ABI, MEDI, CHIR, GENZ, GILD, SEPR, IDPH, 
QLTI, MLNM, SHPGY, AFFX, HGSI, ICOS, ENZN, CRA and ALKS.  Since 
AMGN has disclosed it will be buying IMNX, these two stocks are 
trading in unison.  However, that will have AMGN making a much 
larger impact on how the BBH shares trade going forward.

You can get more information on the Biotech HOLDRS by visiting 
this link at the American Stock Exchange 
http://www.amex.com/structuredeq/holdrs_bbh.stm

Jeff Bailey
Senior Market Technician


===============
Play-of-the-Day
===============
(( New tech stock long play ))

Biotech HOLDRs - BBH - close: 120.00 chg: +3.82 stop: 114.00

Company Description:
The definition of a HOLDR is a type of security created by 
Merrill Lynch and traded on the American Stock Exchange.  The 
biotech HOLDRs is a basket of leading biotech companies and 
allows investors to buy and sell the entire group in one equity.  
The BBH components are made up of these stocks: AFFX, ALKS, AMGN, 
ABI, CRA, BGEN, CHIR, ENZN, DNA, GENZ, GILD, HGSI, ICOS, IDPH, 
IMNX, MEDI, MLNM, QLTI, SEPR, SHPGY.

Why We Like It:
If you're curious as to why we're turning bullish on the biotech 
sector then we would encourage you to read Mr. Bailey's market 
wrap this evening.  He outlines a lot of the observations and 
clues he sees in the group but admits that we might be early.  He 
also discusses a few of the risks and he discusses a couple of 
the components.  Instead of duplicating his effort, I happen to 
agree that there could be a bullish trend developing with the 
recent higher low formed this week.  I also agree that we're 
probably early.  However, Jeff's short-term target is $130 and 
his longer-term target is $137.  I think that if the BBH trades 
over $121 tomorrow (and odds are good) then it may be a good bet.  
I think Jeff suggests a confirming move may be to see BBH over 
122.  We are going long now (trying to beat the rush) but plan to 
limit our losses with a stop at $114, which is below the low from 
Tuesday, Feb. 19th and below the low on Jan. 30th.  There is 
potential overhead resistance for the HOLDRs at its 200-dma near 
125 but strong enough bullish performances by its components 
should push shares over this hurdle.  We like the idea of trading 
the holders because if the sector moves higher then we benefit 
but if stock-specific bad news hits a component we can avoid the 
majority of any losses.

Picked on February 20th at $120.00
Change since picked:         +0.00
Earnings Date                  N/A






==========
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.

----------


FLIR Systems - FLIR - close: 51.19 change: +3.55

WHAT TO WATCH: We like FLIR as a possible bullish play or at 
least a stock to watch because it is benefiting form the recent 
attention to defensive stocks while also sporting attention from 
its recent strong earnings report.  We highlight it on the watch 
list today due to its technical breakout above the $50 price 
level on very strong volume of 1.1 million shares.  The point-
and-figure chart confirms breakout.




---

Winnebago Industries - WGO - close: 42.51 change: +2.47

WHAT TO WATCH: Another stock we really like is WGO.  An aging 
baby-boomer population has the company expanding capacity by 30 
percent.  A recent note from the company said that their backlog 
is 70 percent higher than it was the same time last year.  
Investors have recognized the potential for this company and 
shares are trading near 52-week highs.  Today's move is a bounce 
off the $40 level on strong volume of 325K shares.  A pull back 
to $40 or a move higher from here could be an interesting entry 
point for bulls.




---

Mandalay Resort Group - MBG - close: 29.00 change: +1.20

WHAT TO WATCH: We admit that we haven't been following the gaming 
group closely but the breakout in shares of MBG look pretty 
convincing.  The stock broke out over the $28 resistance level on 
strong volume of one million shares.  MBG isn't what we call a 
fast mover but a pull back to the $28 level may be an attractive 
entry point for a longer-term bullish play.  The point-and-figure 
chart also shows the stock breaking out to new highs but look out 
for the $30 level, which could be significant psychological 
resistance.




---

Du Pont - DD - close: 46.33 change: +0.82

WHAT TO WATCH: An upgrade to strong buy from Deutsche Bank Alex 
Brown helped shares of DD close over the significant resistance 
level of $46 today.  The stock had been building up a head of 
steam to burst through this level as shares had been rising on 
very strong volume lately.  We wouldn't play it as a short-term 
pick because shares appear to have more resistance at $48 and 
again at $50.  However, long-term bulls may want to consider 
positions if they are willing to be patient.




---

Yahoo! Inc - YHOO - close: 15.29 change: +0.85

WHAT TO WATCH: We are not a big believer in the Nasdaq rebound 
today so we are looking ahead for possible short candidates given 
another day or two of anemic gains.  One possible play is a short 
in YHOO.  Shares have been trading lower in a narrow range since 
mid-January.  The top of this range should be $16.00.  So, if 
YHOO gives us a failed rally at $16.00 we're gonna consider a 
short play with a tight stop.




---

Check Point Software - CHKP - close: 28.85 change: +0.00

WHAT TO WATCH: The software sector has been pretty weak lately 
and shares of CHKP have helped lead the group lower.  The point-
and-figure chart shows a major breakdown and the recent move 
under the $30 level is pretty negative on the daily chart.  
Volume was pretty strong today with the late day rebound but we 
suspect that a failed rally at the $30 level may be a great entry 
point for a new short play.  We'll watch for it and if it occurs 
we'll evaluate a short with a tight stop.




---

Digital River - DRIV - close: 12.49 change: -1.36

WHAT TO WATCH: There was very little participate in the afternoon 
rally by shares of DRIV today.  The stock has broken down under 
support at $14 and immediately fell to its next support level at 
$12.  It's possible shares could rally back to $14 only to roll 
over again and this may be the best opportunity to short it.  
However, a breakdown under $12 should also lead to a short 
opportunity with a target of $10, a support level bolstered by 
its 200-dma.  Keep an eye on CSCO.  If CSCO drops under $16, it 
would really undermine the bulls hope in DRIV since CSCO is the 
category leader.







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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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Copyright  2001  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.



PremierInvestor.net Newsletter               Wednesday 02-20-2002
                                                   section 2 of 2
Copyright  2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================
To view this email newsletter in HTML format with imbedded
charts and graphs, click here:
http://www.PremierInvestor.net/htmlemail/022002_2.asp
=================================================================

In section two:

NetBulls (tech stocks)
  New Bullish Play:      BBH
  Closed Bearish Play:   CCMP

Stock Bottom (non-tech stocks)
  Closed Bullish Plays:  UNH
  
Split Trader (stock splits)
  Announcements:         FELE: 2-for-1 split
                         SMD:  3-for-2 split

Trading Ideas
  Value Plays With Bullish Signals
  Breakout to Upside (Stocks $5 to $20)
  Breakout to Upside (Stocks over $20)
  Breakout to Downside (Stocks over $20)
  Recently Overbought With Bearish Signals (Stocks over $20)

=================================================================
Net Bulls (NB) section
==================================================================

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

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

Biotech HOLDRs - BBH - close: 120.00 chg: +3.82 stop: 114.00

Company Description:
The definition of a HOLDR is a type of security created by 
Merrill Lynch and traded on the American Stock Exchange.  The 
biotech HOLDRs is a basket of leading biotech companies and 
allows investors to buy and sell the entire group in one equity.  
The BBH components are made up of these stocks: AFFX, ALKS, AMGN, 
ABI, CRA, BGEN, CHIR, ENZN, DNA, GENZ, GILD, HGSI, ICOS, IDPH, 
IMNX, MEDI, MLNM, QLTI, SEPR, SHPGY.

Why We Like It:
If you're curious as to why we're turning bullish on the biotech 
sector then we would encourage you to read Mr. Bailey's market 
wrap this evening.  He outlines a lot of the observations and 
clues he sees in the group but admits that we might be early.  He 
also discusses a few of the risks and he discusses a couple of 
the components.  Instead of duplicating his effort, I happen to 
agree that there could be a bullish trend developing with the 
recent higher low formed this week.  I also agree that we're 
probably early.  However, Jeff's short-term target is $130 and 
his longer-term target is $137.  I think that if the BBH trades 
over $121 tomorrow (and odds are good) then it may be a good bet.  
I think Jeff suggests a confirming move may be to see BBH over 
122.  We are going long now (trying to beat the rush) but plan to 
limit our losses with a stop at $114, which is below the low from 
Tuesday, Feb. 19th and below the low on Jan. 30th.  There is 
potential overhead resistance for the HOLDRs at its 200-dma near 
125 but strong enough bullish performances by its components 
should push shares over this hurdle.  We like the idea of trading 
the holders because if the sector moves higher then we benefit 
but if stock-specific bad news hits a component we can avoid the 
majority of any losses.

Picked on February 20th at $120.00
Change since picked:         +0.00
Earnings Date                  N/A





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

  -------------
  Bearish Plays
  -------------

Cabot Microelectronics - CCMP - cls: 56.93 chg: +1.90 stop: 55.53

Shares of CCMP opened just below our stop today but quickly 
traded higher and closing us out of the play with a move of 
+$3.76 or 6.3%.  The 3.45% bounce that CCMP ended with isn't that 
impressive to us considering the huge move in the broader markets 
today.  The SOX had dipped to the 520 level but rebounded 
strongly during the last half of the day to close at 543.  We 
probably would not short CCMP again at this level but it is a 
lower high than yesterday.  A failed rally at $60 might be 
attractive to short again but we'd want to confirm that the SOX 
or the Nasdaq was trading weaker again as well.

Picked on February 14th at $59.29 
Change since picked:        +3.76
Earnings Date            01/24/02 (confirmed)






==================================================================
StockBottom/Active Trader (AT) section
==================================================================

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

  -------------
  Bullish Plays
  -------------

UnitedHealth Group - UNH - cls: 73.88 chg: +0.07 stop: 73.45 

Regular readers know that we had turned cautious on UNH over the 
last few sessions and for good reason.  The stock had been 
looking tired but volume had been very light.  While we expected 
shares to trade lower today we didn't expect them to gap lower at 
$73.32.  This was below our stop of 73.45 and thus we are forced 
to close the play with a move of +$1.57.  The stock actually 
rebounded fairly quickly until a negative news article came out 
midday.  News that a federal judge in Miami "ruled that patients 
in several of the nation's largest HMOs can proceed with some of 
their claims in a lawsuit accusing health insurers of violating 
federal racketeering laws" (Reuters) hit the sector hard about 
12:30 p.m.  Shares of UNH almost gapped down from $74 to $72.50 
in just a few minutes.  Other defendants in the case are AET, CI, 
HNT and HUM.  Despite the bad news, the incredibly strong broad 
market rally in the last half of the day spurred a rebound in UNH 
and shares actually closed positive.  

Picked on January 11th at $71.75 
Gain since picked:         +1.57
Earnings Date           01/24/02 (confirmed)






==================================================================
Split Trader - Stock Split (ST) section
==================================================================

==============
Announcements
==============

Fueling Excitement With 2-for-1 Split - FELE

A leader in fuel system products, Franklin Electric Co, Inc. 
(Nasdaq:FELE) announced today that their Board of Directors had 
approved a 2-for-1 stock split.  The split will take effect as a 
100% stock dividend.

The shareholder record date is March 4th, 2002.  Their press 
release said shares will be distributed on Friday, March 22nd but 
this would lead us to believe the ex-dividend date will actually 
be Monday, March 25th.  The ex-div date is when shares begin 
trading at their new post-split price.

This is a much needed stock split for FELE as the stock only had 
about 5.3 million shares outstanding and suffers from low volume 
of trading activity.

The stock closed at $89.51 on Tuesday.  For a current quote,
click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=FELE


About the company
Franklin Electric is the world's largest manufacturer of 
submersible water and fueling systems motors, a leading producer 
of fueling systems products, and a supplier of industrial motor 
products and electronic controls. (company press release)


---

Singing Machine Co. Offers 3-for-2 Split.

This morning, the Singing Machine Company (AMEX:SMD) announced a 
3-for-2 stock split to be enacted as a 50% stock dividend.  
Recently, the company announced earnings with a very strong 
increase in revenues and shares of the stock have appreciated 
significantly during the Q4 of 2001.  

The shareholder record date for this 3:2 split will be March 4th, 
2002.  The payable date is expected on March 15th.  Post-split, 
SMD should have almost 7.6 million shares outstanding.  Average 
daily volume is less than 60K shares so hopefully this will 
increase the stock's liquidity.

The stock closed at $23.68 on Tuesday.  For a current quote,
click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=SMD


About the company
The Singing Machine Company, Inc. engages in the production and 
distribution of a full line of consumer-oriented karaoke machines, 
including CD+Graphics machines, as well as CD+G and audio karaoke 
music. (company press release)



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

NYT     New York Times             46.40     +1.33
MGA     Magna Intl. Inc            66.15     +1.61
ORI     Old Republic Intl.         30.89     +0.52

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

EVC     Entravision Comm.          15.75     +1.34
ESLT    Elbit Systems              18.45     +1.15
WAB     Wabtec                     14.32     +1.06
PRXL    Parexel Intl. Corp         16.08     +2.19

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

GCI     Gannett Co Inc             76.90     +2.51
TRB     Tribune Co                 43.52     +2.34
K       Kellogg Co                 34.50     +1.14
PKX     Pohang Iron & Steel        27.85     +1.24
TER     Teradyne Inc               33.59     +2.00
KRI     Knight-Ridder Inc          68.24     +3.42

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

AOL     AOL Time Warner            24.20     -1.32
TV      Grupo Televisa             39.57     -2.10
SEBL    Siebel Systems Inc         30.89     -1.01
CA      Computer Associates        20.91     -4.40
CVC     Cablevision Systems        32.50     -2.00

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

CSC     Computer Sciences Corp     47.54     -0.99
SWK     The Stanley Works          45.80     -0.66
RCII    Rent-A-Center Inc          39.50     -1.24



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To stop receiving this PremierInvestor.net Newsletter,
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DISCLAIMER
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This newsletter is a publication dedicated to the education
of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
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