Option Investor
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Daily Newsletter, Friday, 03/08/2002

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PremierInvestor.net Newsletter          Weekend Edition 03-08-2002
                                                    section 1 of 3
Copyright  2001, All rights reserved.
Redistribution in any form is strictly prohibited.

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In section one:

Market Wrap:      Economic data boost's gains.
Play-of-the-Day:  Healthy Sector, Healthy Stock.
Watch List:       SYMC, QLGC, MERQ, TXN, CAL, EXPE and More!
Market Sentiment: Not so fast.

------------------------------------------------------------------
U.S. Market Numbers
------------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
------------------------------------------------------------------
        WE 3-08          WE 3-01          WE 2-22          WE 2-15
DOW    10572.49 +203.63 10368.86 +400.71  9968.15 + 65.11  +158.80
Nasdaq  1929.67 +126.93  1802.74 + 78.20  1724.54 - 80.66  - 13.68
S&P-100  589.84 + 13.68   576.16 + 22.12   554.04 -  5.61  +  2.37
S&P-500 1164.31 + 32.53  1131.78 + 41.94  1089.84 - 14.34  +  7.96
W5000  10890.67 +330.66 10560.01 +380.72 10179.29 -136.19  + 66.16
RUT      499.85 + 21.51   478.34 + 13.27   465.07 -  4.18  +  2.58
TRAN    3010.24 +113.11  2897.13 +171.48  2725.65 + 41.42  + 24.29
VIX       21.61 -  0.52    22.13 -  2.76    24.89 +   .80  -  1.38
VXN       41.62 -  0.32    41.94 -  6.63    48.57 +  3.58  -  4.29
TRIN       0.73             0.74             1.33             1.89
TICK       +927            +1029            +1044             -128  
Put/Call    .62              .94              .90              .73
------------------------------------------------------------------
WE= week ended

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

Economic data boost's gains

Another piece of the economic puzzle was revealed today as the 
businesses added some workers to their payroll in February at a 
higher rate than economists had expected, which helped stocks 
post further gains and put in a strong showing this week.

The jobless rate in February edged lower to 5.5%, which was 
slightly lower than January's 5.6% rate, as the economy generated 
66,000 jobs in the latest month.

This data and yesterday's comments from Fed Chairman Alan 
Greenspan that "the recession is over" found the Semiconductor 
Index (SOX.X) gaining 4.4%, as sector bellwethers Intel 
(NASDAQ:INTC) $34.17 +3.6%, Applied Materials (NASDAQ:AMAT) 
$53.53 +4.22% and Micron Technology $38.16 +2.74% posted gains.  
Other Semiconductor Index (SOX) notables were Rambus (RMBS), 
Altera (ALTR) and Xilinx (XLNX) trading up just over 7% on the 
session.

The jobless data wasn't friendly to all stocks, as many precious 
metals stocks thought to be a hedge against inflation had the 
Gold/Silver Index (XAU.X) trading down 2.5%, as sector 
heavyweights Newmont Mining (NYSE:NEM) $23 -4.91% and Barrick 
Gold (NYSE:ABX) $17.01 -1.95% traded lower.

There was little sign of wage inflation as average hourly 
earnings rose just 0.1%, which was less than consensus for a 0.3% 
rise in wages.

Also weak on the session were oil service related stocks as the 
Oil Service Index (OSX.X) fell 2%.  Shares of Halliburton 
(NYSE:HAL) $17.25 -0.74%, Schlumberger (NYSE:SLB) $58.14 -3.6% 
and BJ Services (NYSE:BJS) $32.97 -3.56 fell during the session.

While there was little signs of inflation, Treasuries found a 
good round of selling today as YIELDS across the maturities where 
higher.  The 10-year YIELD finished at its highest closing YIELD 
since July 10, 2001.  There were reports of one Japanese 
economist explaining that part of the recent selling in U.S. 
Treasuries and strengthening of the Yen vs. US$ was that Japanese 
banks were repatriating funds due to end of fiscal year 
accounting measures.  Many fiscal year-ends are concluded on 
March 31st.  Some economists feel that the repatriating of funds 
(converting US assets to Japan assets) will not be a longer-term 
trend as there is little fundamental reason to be that bullish on 
Japan.  "I'm skeptical of how long this can last beyond fiscal 
year end.  It's not backed up with any long-run economic 
restructuring, concrete steps in the bank solvency issues, or 
deregulation of their economy." 

The Fed funds futures contracts are now discounting an 80% 
probability of a 50 basis point interest rate tightening by mid-
year, with 25 basis point hikes seen as probable at the May 7 and 
June 27 meetings.

Rally fade blamed on General Electric (GE)

We had our eye on shares of General Electric (NYSE:GE) $40.62 
-0.8% as a potentially "market moving" stock should it get above 
the $42 level, but from the get-go, sellers were found just below 
that level.  "Trader chatter" blamed the rather modest gains in 
the Dow Industrials and S&P 500 on GE's performance and concerns 
over receivables and financing exposure to special purposes 
entities (SPEs) raised in GE's 10-K filing.  Dow Jones reported 
that the receivables held by special purposes entities rose to 
$43 billion from $31 billion and that GE would support SPEs 
should GE Capital's rating fall below AA-.

Locked in some gains, raised some cash

Our play list locked in some gains today and raised cash in 
oil/gas producer Apache Corp. (NYSE:APA) $54.95 -1.52% and 
transporter CNF Inc. (NYSE:CNF) $33.15 -2.67%.  Both stocks 
treated our subscribers well in the past sessions, but it looked 
like both the transports and some of the energy stocks may be 
ready for a rest near-term.  Don't be surprised if both of these 
stocks show back up on the play list from the bullish side (see 
play updates).

I'm not saying that "our" strategy is that of the market at all 
times, but today's trading action has the bullish side of me 
getting a little cautious.  

While the Dow Transportation Average (TRAN) made a nice pre-
emptive move higher late last week to some new relative highs 
above the 3,000 level, the past four sessions hasn't seen a surge 
to higher highs.  While the economic data has been showing some 
good signs that the recession has come to and end, the rate of 
growth still remains a question.

Everyone's in the same proverbial boat here, and we never know 
for sure what that "rate of growth" will be.

Subscribers may note that prior to today's trading, we had two 
"transportation" stocks on our bullish play list.  The trade in 
CNF Inc. (CNF) from 02/23/02 was treating bulls well.  So well we 
decided to add a NASDAQ-listed transport in US Freightways 
(NASDAQ:USFC) on 03/04/02.  That stock has yet to pay a reward 
and with the transports not rocketing higher, we thought it best 
to reduce our exposure to the group, take a profit in CNF, raise 
cash and give our latest transport play time to work.

US Freightways Chart - Weekly Interval




This week, shares of US Freightways (USFC) were able to close 
above conventional retracement from their October 1998 lows to 
August 1999 highs.  The stock traded very much inline with the 
Dow Transportation Average (TRAN) and should find any bears still 
short the stock a little edgy and looking to cover their 
positions.  This should help provide support on near-term 
weakness, but what we really want to look for is new bullish 
buying.  I'm not sure if there are any "old bulls" still holding 
positions in the stock that would make for much overhead supply 
and while a bull that does own the stock near $30 has a nice gain 
going, we're looking for any profit taking to be eagerly gobbled 
up as bears cover their shorts.  If the stock can break above the 
$40 level like it did in June 1999, then bulls should do well.

Weekly market averages/sector performance




The "sector spotlight" this week was definitely the large amount 
of selling in the Treasury market.  One area a bear may look for 
some weakness near-term is the "home builders" as mortgage rates 
will most likely be on the rise as both the 10-year and 30-year 
Treasury YIELDS rose rather sharply.  These higher YIELDS could 
adversely impact mortgage rates and perhaps price some buyers out 
of the housing market, or at least have them delaying a new home 
purchase on the "hopes" of a lower mortgage rate.  

There are those "housing bulls" that argue that the strengthening 
economy will actually bolster confidence and bring more buyers 
into the new home market.  If that's the case, then our bullish 
play in Centex Homes (NYSE:CTX) $59.47 -1.7% had better get a 
move on. (see play update)

According to realtor.com, the going rate for a 30-year fixed 
mortgage is now 6.79%.

I wouldn't say we "called the top" in gold a couple of weeks ago, 
but the sector gave back some hefty gains again this week.  I 
like Newmont Mining (NYSE:NEM) $23 -4.91% as a short candidate 
this week.  Not sure the play writers like it though, but I think 
it's good for a trade.  I wouldn't get carried away with a real 
big position, but I think the stock has some downside to the $21 
level.  If we can get a little rally back to the $24 level, then 
I'll go beat on one of the play-writers to add the stock to our 
bearish play list for a trade.  

I'll mention that the Retail Index (RLX.X) didn't budge at all 
this week.  I point this out right now as somewhat suspicious as 
this is an economically sensitive sector.  As euphoric as some 
are about the economy, then my thought was that this group should 
have performed much better.  Many of the stocks in this group 
have more earnings on the books from their last quarter, than 
some technology stocks that haven't shown a profit in the past 
12-months.

But that doesn't mean the MARKET won't buy technology stocks does 
it?  

In Friday's market wrap, I commented that the Semiconductor Index 
(SOX.X) or the semiconductor stocks were looking better.  If you 
bought Applied Materials (AMAT) at $49, then you made some money 
by today's close of $53.53.  The stock didn't make it to the play 
list, but you can darned well count on it showing up if the stock 
pulls back to $50.  

Money seems to flow in and out of the Fiber Optic Index (FOP.X) 
about as fast as the fiber optic network is supposed to move 
data.  An aggressive bull may want to take a look at shares of 
Juniper Networks (NASDAQ:JNPR) $13.31 +5.88%.  The stock just 
broke above the lower end of retracement today and may have a run 
in it to the $16-$18 range.  If you can't take heat, this isn't a 
kitchen you want to be in.  The stock is volatile and trades 
purely on momentum. An advised stop would be just below $11 (from 
$13.31, that's 21% decline) to begin with.  If the stock gets 
above $16, then raise your stop to break-even at a minimum and 
keep moving her up should the stock get on a run.  When the stock 
loses momentum, it leaves fast.  Fiber Optic stocks are not for 
the faint of heart.

I've talked about trade size in the past.  Not in number of 
shares, but in dollar amounts.  As it relates to Juniper (JNPR).  
If you're going to think about trading a more volatile stock, 
then think about reducing your trade size.  If you normally put 
$5,000 into a trade and aren't willing to risk a 21% decline, 
then cut the capital exposure in half to $2,500.  Then when 
you're risking the 21% to a stop, you're actually cutting the 
risk in half if you've cut your trade size in half.

Ahhhhhh!  But then you only make 1/2 as much if the stock shoots 
higher to $23 right?  Yes, but it's the downside that we're 
worried about.  When the stock was trading $61.75 a year ago, 
bulls were thinking $100.  What some forgot about was managing 
their downside risk.  We'll take all the upside the MARKET will 
give us, it's the downside that hurts us.  

Remember that the fiber optic stocks were getting beaten like a 
drum in the past several weeks.  Just recently have the early 
March winds, pumped a little air in their sails.

Have a great weekend!

Jeff Bailey
Senior Market Technician


=========================
Play-of-the-Day (Bullish)
=========================
(( New Non-Tech Bullish Play ))

Oxford Health - OHP - close: 38.55 change: +0.80 stop: 35.90

Company Description:
Founded in 1984, Oxford Health Plans, Inc. provides health plans 
to employers and individuals in New York, New Jersey and 
Connecticut, through its direct sales force, independent 
insurance agents and brokers. Oxford's services include 
traditional health maintenance organizations, point-of-service 
plans, third party administration of employer-funded benefits 
plans and Medicare plans. (source: company press release)

Why We Like It:
We've been looking to go long on a health care stock for a little 
while and it looks like we've found one worth playing.  OHP has 
displayed impressive relative strength versus other companies in 
the group such as UNH and THC, both of which we were though also 
looked attractive.  The sector as a whole has put in a pretty 
good move in recent sessions and the HMO.X healthcare index 
bounced near its 50-dma while spending three days at new support 
of 465.  Currently the HMO.X looks to be heading for a test of 
resistance at 500.  In a similar fashion, OHP recently bounced 
off $36 (just above its own 50-dma) and moved up until bumping 
into the 20-dma today.  The oscillators also look favorable with 
the stochastics moving up and MACD beginning to curl higher just 
above the zero line.  As far as entries, a move above today's 
high of $38.96 could be the last obstacle until resistance at 
$40-$41 or a dip back to $38 looks pretty favorable.  $40.95 is 
the 52-week high from February, but we think this level can be 
broken if the sector continues to be strong.  The point-and-
figure chart has a bullish price objective near $70.  Thus, we 
don't feel we're out of line with an initial target near $45.    
We're starting this play with a stop at $35.90.

Picked on March 8th at    $ 38.55
Change since picked:        +0.00
Earnings Date            02/05/02 (confirmed)
 





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

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

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

Symantec - SYMC - close: 41.95 change: +2.26

WHAT TO WATCH: SYMC has been a real leader in the software sector 
for months.  When the group took off again in mid-February it was 
quick to take up role in the frontline charge.  When shares 
crossed the $40 barrier they looked pretty extended but the bulls 
have been able to keep the stock near this level with a new 
series of higher lows indicating that the rally isn't yet over 
for SYMC.  The bullish close on Friday has us believing that SYMC 
may take up the charge higher again on Monday morning.  We 
strongly considered SYMC for our play list but given its 10-point 
move in the last couple of weeks the stock could see more profit 
taking if the broader markets were to actually give into 
weakness.  Keep an eye on this one though as it does tend to lead 
the group.  




--- 

QLogic Corp - QLGC - close: 51.36 change: +4.70

WHAT TO WATCH: We may have been reluctant believers in the recent 
semiconductor rally but now we're willing to consider bullish 
candidates if we can get the right entry point.  Shares of QLGC 
have been pretty strong and the close over the $50 level on 
Friday is the kind of strength we're looking for.  The bad news 
is we try to refrain from chasing stocks up 10% in one day.  The 
$50 level should have been significant resistance so if the stock 
holds here while the SOX pulls back then we might consider a 
position.  Otherwise, if QLGC sees profit taking we'll look for 
support near $45 just above the 200-dma.




--- 

Mercury Interactive - MERQ - close: 38.98 change: +2.16

WHAT TO WATCH: MERQ is another software stock we think traders 
will want to keep on their watch list.  Shares have been trading 
in a somewhat less volatile trend to their peers even though the 
stock is not immune to its own gaps up or down.  This last week 
has shown the bulls have been able to conquer the 200-dma and 
keep the stock above it with Friday's close.  The $40 level is 
the barrier to watch and if MERQ can trade above and/or close 
above this area it could become a decent bullish play.  




---

Texas Instruments - TXN - close: 35.71 change: +0.96

WHAT TO WATCH: We strongly considered adding TXN to the Play List 
tonight, but a glance at the semiconductor index (SOX.X) 
convinced us to wait.  The SOX exploded last week and soared from 
510 to 641 in just six sessions.  It's now facing significant 
resistance directly overhead at 650.  Needless to say, we feel 
the semis are due for a pullback before they continue higher.  
TXN looks like a good bullish candidate because it doesn't appear 
to be as overextended as other chips stocks...But that's not to 
say it hasn't performed well recently.  After dipping below $30, 
shares cracked resistance at $34 this week and traded all the way 
up to $35.94.  A dip back to $34 could offer an ideal entry for 
new bullish positions but we'd be just as happy if the stock 
could consolidate sideways and maintain its position above $35.  
More resistance could be expected between $37-$38, but if the 
SOX.X continues higher we don't anticipate much difficulty with 
that level.




--- 

Continental Airlines - CAL - close: 34.00 change: +0.82

WHAT TO WATCH: The XAL.X airline index put in a phenomenal 
performance this week with an 11% gain.  The index is now just 
four points away from its pre-9/11 levels.  CAL has risen on the 
sector strength and broke above its 200-dma on Monday.  After 
pulling back in the middle of the week for a retest of that 
level, shares moved up on Friday to close at $34.00.  We think 
CAL will continue to rise until its 9/11 gap is filled near $39.  
DAL, which recently filled its gap, displayed a similar pattern.  
The reason CAL didn't make the Play List tonight is we're 
concerned with the price of oil (cl02j), which has been rocketing 
higher recently.  Traditionally, higher oil prices are a negative 
influence on the transports and airlines.  Obviously, this has 
not been the case this last week but it could come into affect 
eventually.  Besides, the XAL is a bit extended and bull might be 
forced to see CAL trade sideways for a few more sessions.




--- 

Expedia Inc - EXPE - close: 62.51 change: +4.09

WHAT TO WATCH: Shares of this online travel service traded to new 
52-week highs today.  EXPE has traded closely with the recent 
strength in the IIX Internet index, which shot from 110 to 134 
over the last six trading sessions.  We like how the stock traded 
above $60, pulled back, and then moved back above that level on 
strong volume.  The MACD is moving sharply higher and despite the 
recent rally the daily stochastics are turning up from the mid-
line.  Although EXPE could continue to move higher, the IIX is 
directly below its 50 and 100-dma's.  We'd like to see some 
profit taking in the sector before considering entries.  If a 
pull back occurs in the group, EXPE might dip to the $59 or $60 
level again.  P-n-F enthusiasts might note that the stock is 
quickly approaching its bullish price objective near $65, which 
should raise some caution flags.


 



-------------
MORE TO WATCH
-------------

LPX  - As a cyclical stock, shares of LPX have been pretty hot
       lately and the close above $10 was a big step for the
       bulls.  $10.50 is new trading support but what we noticed
       was that most of the gains in the last two weeks have
       been on strong volume.

ROK  - We're already playing Rockwell Collins but ROK also looks
       tempting with its move over the 200-dma and consolidation
       near $21.

HIG  - Is this the beginning of a new trend or just a pull back
       to bottom of its ascending channel?  MACD just turned 
       bearish.

THC  - We listed OHP as a new play this weekend but THC also 
       looks pretty attractive.  Shares bounced off the 200-dma
       earlier this week and the close over $60 looks positive.

WAG  - Shares have been very strong and the recent weakness 
       earlier this week was pounced on by the bulls as an
       entry point.  Potential resistance between $40 and $42.

LTXX - Another chip stock that has bolted higher this week.  The
       $25 level was major resistance and should be support if
       the stock pulls back.

NTBK - We continue to keep our eyes on this one and Friday's 
       bounce was off the mid-February resistance level of
       $15.  Looks like a good high-risk play due to volatility.

AT   - Broke above its 50-dma today and oscillators are headed 
       up.  Potential target would be $61 to $62. 

VRSN - We really like the pattern developing in VRSN.  It closed 
       over resistance at $30 and its 50-dma.  It may look a 
       little overbought short-term but longer-term it has plenty
       of upside.  Aggressive traders could look for entries
       here.  Watch out for the $32.50 level as potential 
       resistance. 

NVDA - Move over $60 would be a break of descending channel from 
       the beginning of the year.  A close above the 50-dma near 
       $62 could confirm the move.  MACD is encouraging.

KLAC - Pegged another 52-week high today on strong volume.  
       We wouldn't chase it higher, but a pullback to $65-$66 
       might be worth keeping an eye on.

SNE  - Shot higher this week on positive Japanese economic 
       forecast and strengthening Yen.  Look for a pull back and
       expect gaps up or down each morning.



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

Not so fast.
by Russ Moore

Economic reports are taking turns bettering one another, the 
media pundits are smiling ear to ear and the analysts are 
shouting full steam ahead. By all accounts we should be headed 
for a major spring rally. Not so fast.

Looking at this week’s COT report it appears that the big 
boys/girls haven’t been informed that we’re about to have an 
upside explosion. As you can see below, the Commerical players 
have finally awoken from hibernation and are ready to get a 
little more active. The problem is, at least for those hopeful 
bulls, is that they seem to be betting on the downside.

As you know, adding to long or short positions in and of itself 
isn’t that significant. What we want to see is growing divergence 
between the Commercials and the Small Specs. History tells us 
that in the vast majority of cases, the large players guess the 
right direction while the little guys guess wrong. That being the 
case, this week’s numbers must not be taken lightly. 

Today’s action started out with a little excitement as the 
jobless rate fooled everyone by falling to 5.5 percent versus the 
5.8 percent expected. The major indices were all pumped up in the 
early going however, as the day wore on the markets wore down. 

The DOW closed with a modest gain of +0.4 percent. Investors were 
very enthusiastic over tech issues and that pushed the NASDAQ to 
a +2.6 percent gain. The NDX added +3.2 percent. Volume was solid 
with 1.41 billion shares trading on the big board and 2.03 
billion on the tech index. Winners took out losers by a 17/15 
count on the NYSE and 23/13 on the NASDAQ.

Green arrows were prevalent in most areas while oil service, oil, 
natural gas, utility, drug and paper sectors were painted red.

Volatility indices are set to release, all major indices are 
looking toppy and currently sitting at, or near, significant 
overhead resistance. Next week may end up being "consolidation 
week" as the markets come back to reality for a few days.


VIX
Friday 03/08 close: 21.54


VXN
Friday 03/08 close: 41.64


10-yr Bonds
Friday 03/08 close: 5.32


Total Put/Call Ratio:  .62


Equity Option Put/Call Ratio:  .49


Index Option Put/Call Ratio: 1.53


===

NASDAQ 100 Index (NDX/QQQ)
52-Week High: 103.51
52-Week Low:   28.19
Current close: 38.67

Volume/Open Interest
Maximum calls: 40/129,072
Maximum puts : 37/148,700

Moving Averages
 10 DMA 36
 20 DMA 35
 50 DMA 37
200 DMA 39

Fibanocci Retracements
Relative High: 43.24 (12/06/01)
Relative Low:  34.97 (02/08/02)
38% 38.13
50% 39.11
62% 40.10

===

S&P 100 Index (OEX)
52-Week High:  834.93
52-Week Low:   491.70
Current close: 589.84

Volume/Open Interest
Maximum calls: 600/6,310
Maximum puts : 550/7,833

Moving Averages
 10 DMA  576
 20 DMA  567
 50 DMA  573
200 DMA  589

Fibanocci Retracements
Relative High: 600.80 (01/04/02)
Relative Low:  546.13 (01/30/02)
38% 567.00
50% 573.44
62% 579.99

===

S&P 500 (SPX)
52-Week High:  1530.01
52-Week Low:    965.80
Current close: 1164.31

Volume / Open Interest
Maximum calls: 1100/47,668
Maximum puts : 1100/55,356

Moving Averages
 10 DMA 1135
 20 DMA 1117
 50 DMA 1127
200 DMA 1150

Fibanocci Retracements
Relative High: 1176.97 (01/07/02)
Relative Low:  1077.78 (02/06/02)
38% 1115.67
50% 1127.37
62% 1139.27

==

DJIA (INDU)
52-Week High:  11,518.83
52-Week Low:    8,235.81
Current close: 10,572.49

Volume / Open Interest
Maximum Calls: 100/18,109
Maximum Puts    96/41,405

Moving Averages:
 10 DMA 10,355
 20 DMA 10,121
 50 DMA  9,995
200 DMA 10,023

Fibanocci Retracements
Relative High: 10,300.15 (01/07/02)
Relative Low    9,529.46 (01/30/02)
38%  9,823.86
50%  9,914.80
62% 10,007.28

==

Biotech Index (BTK)
52-Week High:  811.61
52-Week Low:   383.28
Current close: 508.81

Volume / Open Interest
Maximum Calls: 520/953
Maximum Puts:  520/924

Moving Averages
 10 DMA 493
 20 DMA 495
 50 DMA 519
200 DMA 540

Fibanocci Retracements
Relative High: 625.15 (12/06/01)
Relative Low:  450.20 (02/07/02)
38% 517.03
50% 537.67
62% 558.66

==

Semiconductor Index (SOX)
52-Week High: 1280.84
52-Week Low:   362.00
Current close: 637.94

Volume / Open Interest
Maximum Calls: 550/1,077
Maximum Puts:  500/1,584

Moving Averages
 10 DMA 575
 20 DMA 558
 50 DMA 551
200 DMA 545

Fibanocci Retracements
Relative High: 606.88 (01/09/02)
Relative Low:  499.09 (01/22/02)
38% 540.26
50% 552.98
62% 565.91

==

Pharmaceutical Index (DRG)
52-Week High:  455.28
52-Week Low:   339.49
Current close: 385.23

Volume / Open Interest
Maximum Calls: 400/550
Maximum Puts:  380/800

Moving Averages
 10 DMA 386
 20 DMA 386
 50 DMA 379
200 DMA 389

Fibanocci Retracements
Relative High: 403.83 (11/26/01)
Relative Low:  365.22 (02/08/02)
38% 379.93
50% 384.51
62% 389.17

*****

CBOT Commitment Of Traders Report: Friday, 03/08. 
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 
02/19/02     355,905   772,569   (60,759)    5.5%
02/26/02     366,258   432,258   (66,000)    9.0%
03/05/02     361,254   445,989   (84,735)   28.4%

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
02/19/02       130,856    63,311    67,545     1.1%
02/26/02       139,183    62,087    77,096    14.1%
03/05/02       161,711    60,941   100,770    30.7%

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 
02/19/02      33,871    35,690    (1,819)    (14.6%)
02/26/02      33,589    34,091      (502)    (72.0%)
03/05/02      37,549    35,419    (1,870)

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
02/19/02        9,966     8,073    1,893     18.8%
02/26/02        9,517    11,416   (1,899)  
03/05/02       11,961    11,214      747

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 
02/19/02      29,606    17,953   11,653     12.9%
02/26/02      33,322    21,110   12,212      4.8%
03/05/02      37,036    25,554   11,482     (6.0%)

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
02/19/02       4,654    10,431    (5,777)      5.5%
02/26/02       6,333    12,547    (6,214)      7.5%
03/05/02       6,589    13,057    (6,468)      4.1%

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        +100,770     +77,096        -84,735    -66,000

Total Open
Interest %       (+45.26%)  (+38.30%)      (-10.50%)   (-8.26%)
                 net-long   net-long       net-short  net-short


                     Small Specs             Commercials
DJIA futures     (Current) (Previous)    (Current) (Previous)
Open Interest
Net Value          -6,468     -6,214        +11,482   +12,212
Total Open
interest %       (-32.92%)    (-32.91)      (+17.59%)  (+22.43)
                 net-short   net-short       net-long    net-long


                     Small Spec              Commercials
NASDAQ 100      (Current) (Previous)    (Current) (Previous)
Open Interest
Net Value         +747      +1,899       -1,870     -502

Total Open
Interest %        (+3.22%)   (-9.07%)     (-2.71%) (-.74%)
                 net-long   net-short      net-short  net-short


What COT Data Tells Us
----------------------
Indices:.Last week I mentioned that a lack of commitment from the 
Commercial players i.e. a move in to accumulation mode, would 
make any rally suspect. Well folks, we got the move all right, 
but it’s not in the direction many people would expect. This week 
we have the Commercials adding substantially to their net-short 
positions. More importantly, the Small Specs were also adding 
large positions however; they were in long contracts. 

Remember we are looking for increased divergence between the 
big/small players. This week’s move should have anyone that is 
currently long the markets looking over their shoulder.

Gold:.It’s taken awhile, but maybe we’re finally starting to see 
why the Commercial players have maintained their short positions. 
The gold index (XAU) is starting to give back a little after 
enjoying a very nice run over the last couple of months. 

02/12 62,223 contracts net-short
02/19 60,054 contracts net-short
02/26 56,409 contracts net-short
03/05 58,666 contracts net-short

Data compiled as of Tuesday 03/05 by the CFTC.



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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
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PremierInvestor.net Newsletter          Weekend Edition 03-08-2002
                                                    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
=================================================================
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In section two:

Net Bulls
  New Bullish Plays:    MONE
  Bullish Play Updates: BBH, RIMM


Stock Bottom / Active Trader
  New Bullish Plays:    OHP
  Bullish Play Updates: COL, DOL, GE, USFC
  Closed Bullish Plays: APA, CNF

High Risk/Reward
  New Bullish Play:     PVN
  Bullish Play Updates: CTX
  Bearish Play Updates: ADLAC

Split Trader
  - none -


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

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

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

MatrixOne Inc - MONE - close: 13.79 change: +0.84 stop: *text*

Company Description:
MatrixOne, Inc. is changing the way the world brings products to 
market(TM). The Company's eMatrix(TM) product collaboration 
platform and out-of-the-box Value Chain Portfolio(TM) 
applications enable online collaboration across global value 
chains and secure access to independent trading communities in 
private and public marketplaces. A trusted partner to innovative 
companies, MatrixOne helps customers accelerate the right 
products to market. MatrixOne's approximately 600 global 
customers represent the aerospace/defense, apparel, automotive, 
consumer packaged goods, general machinery, high-technology, and 
medical equipment industries.  (source: company press release) 

Why We Like It:
MONE has traded in a very bullish manner since bottoming out at 
$10 in February, which happened to be one day after the GSO.X 
software index bottomed.  This week shares outperformed the GSO.X 
and that is impressive considering the GSO has had quite a run.  
MONE also successfully broke the 200-dma, followed by a move 
through the 20 and 50-dma's.  Additionally, the MACD has produced 
a bullish crossover and is headed higher from oversold levels.  
Given the strong sector and technicals, we suspect MONE may be 
headed towards near-term highs of $16.95 and beyond.  However, 
we're going to try to mitigate some of the risk of buying a stock 
that has seen a quick rise in price by initiating this play with 
a trigger.  What we'd like to see is shares of MONE trade above 
today's highs and move above the $14 level of resistance.  Such a 
move should confirm that bulls are still in control.  If MONE 
trades at or above $14.05 we'll be going long with an initial 
stop at $12.46 (Thursday's low).  Chart readers may want to take 
note that the point-and-figure chart looks pretty encouraging as 
MONE has bounced very strongly off the ascending bullish support 
line.  However, technically shares are still in a "sell" signal 
but it is showing a "low pole reversal".  A move above $15.50 
would be a fresh buy signal and a triple top at that.

Picked on March 6th at $xx.xx <- see text
Change since picked:    +0.00
Earnings Date        01/23/02 (confirmed)





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

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

Biotech HOLDRs - BBH - close: 121.95 chg: -0.80 stop: 114.00

The BBH looked like it wanted to break higher earlier this week, 
but negative news from some of its components but a damper on 
those plans.  Yesterday it was SEPR dragging the sector down 
after losing over half its value.  Today it was BGEN, which lost 
over 8% after U.S. authorities approved a rival drug that will 
directly compete with their multiple sclerosis drug Avonex.  CHIR 
(another HOLDR component) also traded down on speculation they 
could be affected by this news.  The BTK.X biotech sector held 
above 500 today, but faces resistance at 520-525.  With both the 
index and HOLDRS trading in a narrow range, we'll continue to 
take a wait-and-see approach towards new entries.  Shares of the 
BBH have been traveling in a channel sideways for weeks now 
between $123 and $115.  This week that channel has narrowed from 
$125 to $120.  Aggressive traders could use a bounce from these 
levels to consider a bullish entry.

Picked on February 20th at $120.00
Gain since picked:           +1.95
Earnings Date                  N/A




---

Research In Motion - RIMM - close: 27.70 change: -0.24 stop: 25.60

The NASDAQ responded well to today's economic numbers and gapped 
higher this morning.  RIMM mirrored that price action and moved 
up to a high of $28.92.  Unfortunately, this level proved too 
tempting for bears, who took control for the majority of the day.  
While today's relative weakness versus the NASDAQ is concerning, 
we were very pleased with the way RIMM bounced sharply into the 
close after dipping to exactly $27.00.  The new near-term high 
and successful test of previous resistance all in one session is 
a bullish development.  The longer shares stay above this level 
the better.  We'd look for another retest of support at $27 to 
offer new entries.  Trying to buy a breakout above today's highs 
could be tricky, due to the fact that psychological resistance 
looms a point above at $30.  Short-term traders who can buy near 
the $27 level may want to target exits at $30 and take profits.  
Otherwise, traders may want to hold on and see if RIMM can make 
it to the $33.50 area.

Picked on March 6th at   $27.32 
Change since picked:      +0.38
Earnings Date          04/09/02 (unconfirmed)





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

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

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

Oxford Health - OHP - close: 38.55 change: +0.80 stop: 35.90

Company Description:
Founded in 1984, Oxford Health Plans, Inc. provides health plans 
to employers and individuals in New York, New Jersey and 
Connecticut, through its direct sales force, independent 
insurance agents and brokers. Oxford's services include 
traditional health maintenance organizations, point-of-service 
plans, third party administration of employer-funded benefits 
plans and Medicare plans. (source: company press release)

Why We Like It:
We've been looking to go long on a health care stock for a little 
while and it looks like we've found one worth playing.  OHP has 
displayed impressive relative strength versus other companies in 
the group such as UNH and THC, both of which we were though also 
looked attractive.  The sector as a whole has put in a pretty 
good move in recent sessions and the HMO.X healthcare index 
bounced near its 50-dma while spending three days at new support 
of 465.  Currently the HMO.X looks to be heading for a test of 
resistance at 500.  In a similar fashion, OHP recently bounced 
off $36 (just above its own 50-dma) and moved up until bumping 
into the 20-dma today.  The oscillators also look favorable with 
the stochastics moving up and MACD beginning to curl higher just 
above the zero line.  As far as entries, a move above today's 
high of $38.96 could be the last obstacle until resistance at 
$40-$41 or a dip back to $38 looks pretty favorable.  $40.95 is 
the 52-week high from February, but we think this level can be 
broken if the sector continues to be strong.  The point-and-
figure chart has a bullish price objective near $70.  Thus, we 
don't feel we're out of line with an initial target near $45.    
We're starting this play with a stop at $35.90.

Picked on March 8th at    $ 38.55
Change since picked:        +0.00
Earnings Date            02/05/02 (confirmed)
 




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

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

Rockwell Collins - COL - close: 24.14 change: +0.10 stop: 21.74

Congratulations are in order if you spent the day watching COL 
and managed to say awake.  Shares traded in a narrow $0.45 range 
and volume was extremely anemic at only 251K versus the average 
of 502K.  The general lack of direction was sector-wide as shown 
by the DFX.X defense sector's fractional loss.  Despite the lack 
of volatility the stock did peg a new 52-week high at $24.25 in 
the final half-hour of trading.  It appears shares are 
consolidating at current levels, just above the original spin-off 
price at $23.50.  This level is bolstered by the 10-dma, which 
has acted as support over the past three weeks.  Thus, a bounce 
from $23.50 may offer aggressive traders a chance to jump on in 
anticipation of another 52-week high.  Obviously no historical 
resistance exists over current levels, but psychological 
resistance at $25 could be the next obstacle. 

Picked on February 15th at $22.50
Gain since picked:          +1.54
Earnings Date            04/17/02 (unconfirmed)




---

Dole Food CO. - DOL - close: 29.62 change: -0.38 stop: 28.49

Defensive sectors such as gold (XAU.X) and drugs (DRG.X) have 
seen a sell-off in recent sessions as the economic data continues 
to confirm the end of a remarkably fast recession.  Food stocks 
also fall into the defensive category, and DOL has seen a similar 
drop in recent sessions.  Today's break of $30 is not 
encouraging.  We were looking for shares to hold over that level, 
which had been resistance until last Friday.  DOL did bounce 
solidly from $29 today, which is safely above our stop at $28.49.  
At this point we'd be waiting for a close back over $30 before 
considering a new position.  We did find it interesting that 
rival Fresh Del Monte Produce (NYSE:FDP) was up 3.2% to a new 52-
week high on Friday.

Picked on March 1st at $30.94
Gain since picked:      -1.32
Earnings Date        01/31/02 (confirmed)




---

General Electric - GE - close: 40.62 change: -0.33 stop: see text

The Dow jumped higher this morning on today's positive economic 
data and GE got a boost as well.  Shares traded pretty close to 
our trigger at $42.05, but historical resistance at $42 continues 
to put a lid on the stock...but that only tells half of the 
story.  GE released their annual report this afternoon, at which 
point the stock traded sharply lower.  The negativity can be 
explained by the disclosure of $43 billion in off-balance sheet 
arrangements last year.  With the Enron debacle still casting a 
dark cloud over Wall Street, such revelations are reason for 
nervousness.  Of course nobody is insinuating that GE is another 
ENE, but in this investing climate some investors would rather 
bail out at the first signs of accounting irregularities.  For 
the purposes of this play we're still looking for shares to hit 
that trigger point.  Maintaining the $40 support level is a good 
start. 

Picked on March xth at $xx.xx <- See text
Gain since picked:        N/A
Earnings Date        01/17/02 (confirmed)




---

USFreightways - USFC - close: 38.47 change: +0.02 stop: 36.49

The Dow Transports (TRAN) bounced around in a narrow range 
between 3000-3050 today, ultimately posting a loss of 0.33% 
(about 10 points).  USFC was up a mere 2 cents, but overall we'd 
say it was a bullish session for the trucking stock.  Shares 
spent another day over $38, which marks a full week over that 
level.  The fact that the stock seems to be consolidating over 
previous resistance is a promising development.  Given the recent 
relative strength versus the TRAN, we'd expect USFC to trade to 
new 52-week highs if the TRAN breaks 3050.  We're keeping our 
stop at $36.49, but conservative investors may want to tighten 
their stop to slightly below under $38.  If the TRAN and USFC 
both break under recent support we could quickly see a test of 
the $36.50 level.

Picked on March 4th at $39.01
Gain since picked:      -0.64
Earnings Date        01/30/02 (confirmed)





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

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

Apache Corp - APA - close: 54.95 change: -0.85 stop: 54.95

We speculated in Thursday's update that the price of oil could be 
due for a pullback after several days of gains.  With this in 
mind, we raised our stop on APA to just under $55 in order to 
protect a 6.5% gain from our original entry price.  That pullback 
happened today, as the price of light sweet crude (cl02j) sold 
off to its 200-dma.  APA paralleled this move and traded below 
our stop at $54.95 before bouncing near $54 and actually closing 
at our stop.  Although we're now out of this play, the way shares 
bounced back and closed just below $55 seems rather bullish.  If 
oil continues its move higher on Monday APA could also move to 
new recent highs.  On the other hand a dip to $52.50-$53.00 could 
also yield a favorable entry for new longs.  Nonetheless, we are 
stopped out but will keep an eye on APA for further entries.  By 
the way, did anyone else here the talking heads on T.V 
speculating about $30 to $32 oil per barrel?

Picked on February 22nd at $51.57
Gain since picked:          +3.38
Earnings Date            01/31/02 (confirmed)




---

CNF Inc - CNF - close: 33.15 change: -0.91 stop: 33.90

Last night we raised our stop on CNF in order to lock in some 
gains.  Our reasoning for such a tight stop was that the stock 
looked toppy after performing well for several days.  We were 
hoping that a rally in the Dow Jones would continue to push 
transport-related issues higher, unfortunately the early strength 
in the Dow Jones index couldn't keep the Transports from profit 
taking.  Likewise, CNF was unable to maintain yesterday's close 
above $34.  Morning selling pulled shares below our stop at 
$33.90, closing out our play for an 11.5% move.  We're by no 
means bearish on CNF, but with another trucking company (USFC) on 
our Play List, we're more than happy to close this one out before 
more serious profit taking has a chance to occur in the stock.  
If you're still feeling bullish on transports take a look at 
USFC, which outperformed the sector today.

Picked on February 22nd at $30.41
Gain since picked:          +3.49
Earnings Date            01/28/02 (confirmed)






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

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

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

Providian Financial - PVN - close: 5.71 change: +0.61 stop: 4.85

Company Description:
Providian is a leader in the financial services industry, 
providing Visa and MasterCard products, membership services, and 
high-yield deposit accounts to customers worldwide.  More than a 
decade ago, Providian was the first in the industry to offer a 
credit card with no annual fee. (source: company website)

Why We Like It:
One look at PVN's chart reveals our strategy for this play:  
Buying the bottom.  Shares got obliterated last fall and finally 
stopped dropping near $3.  There hasn't been much price action to 
speak of for months, but recent developments have things moving 
again.  We take that back.  Traders willing to look for dips and 
play the bounce have probably done okay but you never knew where 
the next level of resistance was.  Over the past week financial 
stocks have been posting impressive gains in response to evidence 
of an economic upturn.  The BIX.X bank index is threatening to 
break over long-term resistance (dating all the way back to 
August '99) near 680.  If bears abandon this level the index 
could see a quick move up to 700.  For its part, PVN seems to be 
showing some signs of life.  The stock broke out of its recent 
trading range this week and closed at levels not seen since 
October (on the way down).  With the stock so cheap, the possible 
upside potential makes PVN a good high-risk/reward candidate.  
What also makes this stock look attractive is the point-and-
figure chart.  PVN has broken out to the upside from a triangular 
pennant.  We've had a lot of success with these trading set ups 
recently and the odds are stacked in the bulls favor.  However, 
this play is not for everyone as small price changes can still be 
sizeable percentage moves.  We're starting this play with a stop 
15% from current levels, at $4.85, which is below Wednesday's 
low.  This will allow us some breathing room in the event the 
stock consolidates some of its recent gains.  In actuality we'd 
prefer to enter on a pull back to the $5.00 level but we may not 
get that chance.  Shares might run into resistance at $7.25, the 
bottom of a large gap down in October, but we think this level 
could be overcome if the financials continue to rally.

Picked on March 8th at $5.71
Change since picked:   +0.00
Earnings Date       02/07/02 (confirmed)
 





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

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

Centex Corp - CTX - close: 59.47 change: -1.03 stop: 58.18 *new*
 
Last night we noticed a correlation between higher bond yields 
and selling in homebuilding stocks.  That trend continued Friday.  
The TNX.X 10-year treasury note was up nearly 2%, while BZH, RYL, 
DHI, TOL, and CTX all saw another day of selling pressure.  
Investors may be nervous that higher bond yields leading to 
higher mortgage rates will put a damper on the industry.  On the 
other hand, the group has seen some rather large gains recently 
and profit taking at this point certainly isn't surprising.  
Whatever the reason for the selling, CTX closed below $60 on 
Friday after two days closing above that level.  We're not too 
alarmed at this development, since shares have already crossed 
back and forth though $60 several times.  However, if the trend 
in homebuilders starts to confirm a rollover then CTX could break 
below Friday's low.  We're raising our stop to $58.18, a penny 
below that level to reduce our exposure.  Originally, we had 
picked CTX out of the group since it looked like it was not as 
extended as the rest of them.  We may have mistaken relative 
weakness against its sector as a lower volatility in the stock 
price.  We would not recommend any new positions at this time.

Picked on March 4th at     $61.32
Gain since picked:          -1.85
Earnings Date            01/23/02 (confirmed)





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

Adelphia Communications - ADLAC - cls: 25.06 chg: +0.62 stop: *note*
 
ADLAC shot up with the NASDAQ this morning and never came close 
to our trigger at $23.99.  However, it's interesting to note that 
after topping out at $25.75 shares sold off again in the 
afternoon after failing at the 50-dma.  We saw a very similar 
pattern during Thursday's session after ADLAC failed at the 100-
dma and the previous level of support ($25.25) found back in 
January 2002.  Coincidentally, the stock closed just four cents 
above the 100-dma today.  A move back below this level could 
portend further weakness that could lead to our play getting 
triggered.  The oscillators are a little mixed: The daily 
stochastics pinned at overbought and the MACD is approaching the 
baseline after rising from oversold.  Unfortunately, the MACD 
looks really strong - and why not?  Shares have shown no weakness 
recently.  Honestly, we're astonished that ADLAC continues to 
rise in the face of the CMCSK accounting revelations, which was 
briefly described in Thursday's write up.  To repeat our play 
parameters, if ADLAC trades at or below $23.99 we'll enter a 
(hypothetical) short play and we'll start with a stop loss at 
$25.76, which is a change from the stop described in the write up 
on Thursday.  I made a mistake in the play write up but if you 
noticed Jeff's wrap on Thursday night he pointed out where we 
wanted to place our stop above the Fibonacci level at $25.75.

Picked on March xth at $xx.xx <-- see trigger
Gain since picked:      +0.00
Earnings Date        03/29/02 (unconfirmed)






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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.

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Copyright  2001  PremierInvestor.net. and
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Do not duplicate or redistribute in any form.





PremierInvestor.net Newsletter         Weekend Edition 03-08-2002
                                                   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/c08b_3.asp
=================================================================

In section three:

Market Watch for Week of March 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)      
  Recently Overbought With Bearish Signals (Stocks over $20)

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


==================================================
Market Watch for the week of March 11th
==================================================

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

Symbol  Company               Date           Comment      EPS Est

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

PC     Perez Companc          Mon, Mar 11  -----N/A-----     0.10
SASOY  Sasol Ltd ADR          Mon, Mar 11  Before the Bell    N/A
TCP    Telesp Cel Part S.A.   Mon, Mar 11  Before the Bell  -0.23
VNO    Vornado Realty Trust   Mon, Mar 11  -----N/A-----     0.97
WSM    Williams-Sonoma        Mon, Mar 11  Before the Bell   1.21

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

CLL    Celltech               Tue, Mar 12  -----N/A-----      N/A
CMVT   Comverse Technology    Tue, Mar 12  After the Bell    0.06
HRC    Healthsouth            Tue, Mar 12  -----N/A-----     0.22
KR     Kroger                 Tue, Mar 12  -----N/A-----     0.47
HLTH   WebMD                  Tue, Mar 12  4:00 pm ET       -0.03

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

ABS    Albertson`s            Wed, Mar 13  -----N/A-----     0.56
AAUK   Anglo American PLC     Wed, Mar 13  -----N/A-----      N/A
BAY    Bayer AG               Wed, Mar 13  -----N/A-----      N/A
CM     Coles Myer             Wed, Mar 13  -----N/A-----      N/A
Z      Foot Locker, Inc.      Wed, Mar 13  Before the Bell   0.28
ROST   Ross Stores            Wed, Mar 13  Before the Bell   0.62
TLB    Talbots                Wed, Mar 13  -----N/A-----     0.53
TOT    Total Fina S.A.        Wed, Mar 13  Before the Bell   1.07

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

ADBE   Adobe Systems          Thu, Mar 14  After the Bell    0.20
AXA    AXA                    Thu, Mar 14  -----N/A-----      N/A
BF     BASF                   Thu, Mar 14  -----N/A-----      N/A
BTH    Blyth Inc.             Thu, Mar 14  -----N/A-----     0.46
BGP    Borders Group          Thu, Mar 14  After the Bell    1.33
CTAS   Cintas                 Thu, Mar 14  Before the Bell   0.32
FDS    FactSet Research Sys   Thu, Mar 14  Before the Bell   0.27
HNZ    Heinz                  Thu, Mar 14  Before the Bell   0.57
LE     Lands` End             Thu, Mar 14  Before the Bell   1.54
ORCL   Oracle                 Thu, Mar 14  After the Bell    0.09
SCHL   Scholastic             Thu, Mar 14  After the Bell    0.31
TEK    Tektronix              Thu, Mar 14  After the Bell    0.10
TOY    Toys R Us              Thu, Mar 14  Before the Bell   1.38

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

- no major earnings -


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

Symbol  Company Name              Ratio    Payable     Executable

WERN    Werner Enterprises        4:3      03/14       03/15
GNWR    Genesee & Wyoming         3:2      03/14       03/15
WLP     WellPoint Health Network  2:1      03/14       03/15
SMD     Singing Machine           3:2      03/15       03/18
ICUI    ICU Medical               3:2      03/15       03/18
ELMS    Elmers Restaurants       21:20     03/22       03/25
FELE    Franklin Electric CO      2:1      03/22       03/25


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

As steam continues to build for the "economy is rebounding" 
engine, eyes across the country will be focused on the PPI
report this Friday and the Business Inventories report on 
Thursday.  However, don't forget to keep your ears open for
the Michigan Consumer Sentiment report at the end of the week.


                       -For-           

Monday, 03/11/02
----------------
Wholesale Inventores(DM))Jan  Forecast:  -0.4%  Previous:   -0.6%


Tuesday, 03/12/02
-----------------
None


Wednesday, 03/13/02
-------------------
Retail Sales (BB)        Feb  Forecast:   0.7%  Previous:   -0.2%
Retail Sales ex-auto(BB) Feb  Forecast:   0.5%  Previous:    1.2%


Thursday, 03/14/02
------------------
Business Inventories(BB) Jan  Forecast:  -0.4%  Previous:   -0.4%
Initial Claims (BB)    03/09  Forecast:   375K  Previous:    376K
Export Prices ex-ag.(BB) Feb  Forecast:    N/A  Previous:    Unch
Import Prices ex-oil(AB) Feb  Forecast:    N/A  Previous:    0.1%
Current Account (BB)      Q4  Forecast:-$100.9B Previous: -$95.0B


Friday, 03/15/02
----------------
PPI (BB)                 Feb  Forecast:   0.1%  Previous:    0.1%
Core PPI (BB)            Feb  Forecast:   0.1%  Previous:   -0.1%
Industrial Production(DM)Feb  Forecast:   0.2%  Previous:   -0.1%
Capacity Utilization (DM)Feb  Forecast:  74.4%  Previous:   74.2%
Mich Sentiment-Prel.(DM) Mar  Forecast:   93.0  Previous:    90.7


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 

KCIN    KPMG Consulting Inc        20.83     +1.09
ACF     Americredit Corp           34.60     +4.99
URS     URS Corp                   32.44     +1.48

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

CLHB    Clean Harbors Inc           6.98     +0.89
SUNW    Sun Microsystems           10.00     +1.17
CPN     Calpine Corp               13.25     +1.18
NWAC    Northwest Airlines         19.85     +1.45
FDRY    Foundry Networks Inc        8.06     +1.05

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

CCL     Carnival Corp              31.47     +1.06
KCIN    KPMG Consulting Inc        20.83     +1.09
MOLX    Molex Inc                  36.33     +1.16
LRCX    Lam Research Corp          28.88     +1.56
IDTI    Integrated Device Tech.    35.99     +1.03

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

AVE     Aventis                    70.05     -2.44
GD      General Dynamics           87.00     -3.14
SPI     Scottish Power             21.42     -1.64
PFGC    Performance Food Group     34.60     -1.17
CBRL    CBRL Group Inc             29.00     -1.62
ZLC     Zale Corp                  39.15     -4.35

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

UNP     Union Pacific Corp         61.45     -3.15
NYCB    New York Community Banc    28.06     -1.13
NFG     National Fuel Gas Co       24.52     -0.78





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