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Daily Newsletter, Monday, 03/18/2002

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PremierInvestor.net Newsletter                 Monday 03-18-2002
                                                  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:      Ahead of the Fed
Watch List:       UVN, RYL, FBN, AMAT and CAH (again)
Play of the Day:  No play.  We're waiting on the FOMC.

-----------------------------------------------------------------
U.S. Market Numbers
-----------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
-----------------------------------------------------------------
      03-18-2002          High     Low     Volume Advance/Decline
DJIA    10577.75 - 29.48 10661.06 10525.03  1.15 bln   1770/1396
NASDAQ   1877.06 +  8.76  1893.26  1861.11  1.55 bln   1943/1589
S&P 100   589.63 -  1.50   594.66   586.50   Totals    3713/2985
S&P 500  1165.55 -  0.61  1172.73  1159.14
RUS 2000  502.80 +  3.68   503.55   498.68
DJ TRANS 2947.89 -  3.65  2962.30  2907.33
VIX        20.75 -  0.02    21.89    20.42
VXN        38.75 -  1.51    39.85    38.21
TRIN        1.11
PUT/CALL    0.64
-----------------------------------------------------------------

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

Ahead of the Fed

The major equity averages finished mixed in Monday's session.
The sector-by-sector breakdown revealed a similar picture of
indecision on the part of market participants ahead of the
Federal Reserve meeting Tuesday.

Average Averages

The Dow Jones Industrial Average ($INDU) closed at 10577, lower
by 29.48 points, or 0.27 percent.  The INDU traded in about a
125 point range in Monday's session, neither breaking above
short-term resistance nor breaking below short-term support.
Within the INDU, leading components included Hewlett-Packard
(NYSE:HWP), ahead of its vote on the pending merger with
Compaq (NYSE:CPQ), Disney (NYSE:DIS), Procter & Gamble (NYSE:PG),
3M (NYSE:MMM), and General Motors (NYSE:GM).  Laggards
included J.P. Morgan Chase (NYSE:JPM), Merck (NYSE:MRK), Phillip
Morris (NYSE:MO), and Caterpillar (NYSE:CAT).

The S&P 500 (SPX.X) finished the day at 1165, only fractionally
lower from its Friday close.  The index traded up to but failed
to breakout above the 1170 resistance area for the eighth time
in about four months.  It's growing increasingly obvious that
the next hurdle for the SPX is, in fact, at 1170.

We've done some retracement work on the SPX.  In the
particular retracement bracket that we've been using, the 61.8
percent retracement level rests at 1170.  The upper-end of the
bracket we're using is anchored at last May's highs up around
the 1315 level, while the lower-end of the bracket is
anchored at last September's low down around 940.

Resistance at Retracement




The SPX has, essentially, been trading sideways for the last
four months, consolidating between the 1085 retracement level
and the current resistance barrier, 1170.  With the passage of
four months and sideways price action, a breakout from the 1170
level may very well be sustainable, but it has yet to occur.
A breakout would come on an advance past the 1180 level.

Meanwhile, the Dow Jones Transportation Index ($TRAN) finished
fractionally lower, echoing the sentiment in the INDU.  The
TRAN has spent the last three trading days gyrating below the
3000 level, which was an important resistance level that was
broken about two weeks ago.  Given its run through February,
the recent action in the TRAN can be considered as normal
consolidation.  In today's trading, the TRAN's components
were mixed, with strength in airline issues and weakness in the
trucking and rail stocks.  Percent gainers included U.S.
Airways (NYSE:U), United (NYSE:UAL), Northwest (NYSE:NWAC), and
GATX (NYSE:GMT).  Weakness was seen in Airborne (NYSE:ABF),
CSX (NYSE:CSX), Union Pacific (NYSE:UNP), and Delta (NYSE:DAL).

The Nasdaq-100 (NDX.X) was the only average of the four majors
we track to finish in positive territory.  The NDX finished at
1505, higher by 10.48 points, or 0.70 percent.  Most
components of the NDX finished higher in Monday's session.  The
only real sign of weakness within the index was found among
networking and hardware components, such as JDS Uniphase
(NASDAQ:JDSU), Comverse Technology (NASDAQ:CMVT), QLogic
(NASDAQ:QLGC), Brocade (NASDAQ:BRCD), and Network Appliance
(NASDAQ:NTAP).

Buried Treasury

Treasuries finished higher across the curve in Monday's
session, pressuring yields lower.  Buying was apparent in the
Ten Year Note, whose yield finished at 5.304%.  The Ten
Year Yield (TNX.X) is coming off of a big two week move which
culminated with an advance past the 5.400% mark last Friday
following the release of the consumer sentiment data.  The
recent run-up in yield (sell-off in bonds) may require some
consolidation.  That could explain the relief rally today
ahead of the Federal Reserve's meeting tomorrow.

Greenspamming

Given the slew of positive economic data and comments from
the head of the Fed, market participants are guessing that
the Fed no longer sees risks pointed to the downside.  While
the market isn't expecting any action from the Fed tomorrow
in terms of movement in short-term rates, the market is
expecting to get guidance on the future actions of the Federal
Reserve.  Moreover, the market wants to hear about the
progress of the U.S. economic recovery currently underway.

The consensus expectation going into tomorrow's meeting is
for the Fed to shift its so-called stance from easing to
neutral.  The shift, if it comes, would follow what the bond
market has been foreshadowing.  Indeed, the Fed Funds Futures
are pricing in a 75 percent chance of short-term rates rising
to 2 percent by the May meeting.  Those rates currently rest
at a 40 year low at 1.75 percent.

Though a shift to a neutral stance is highly expected, it
remains to be seen how market participants will react to such
news if, in fact, the Fed does shift to neutral.  Readers would
do well to monitor interest rate sensitive stocks in the
Savings & Loan and Housing markets to help determine how the
market reacts to the Fed's comments.

Cornucopia of Capital

The ebb and flow from sector to sector Monday was choppy.
Interest rate sensitive names in the housing segment under
performed the major averages, while technology and energy
caught a bid.  Gold (XAU.X), however, glittered like...well...
gold.  The XAU.X, a measure of gold equities, finished 4.61
percent higher, making it the day's best performing sector.

Bullion Bid

The XAU.X was boosted by the bid in the commodity.  Spot
gold (GC02J) finished about $2 higher to $292.30.  Since the
two typically move in tandem, we're going to take a closer
look that the underlying technicals in gold.

The most recent rally in gold began in early February, when
the commodity leapt from the $280 per ounce level, through
the ever-critical $300 level, finishing in mid-February
around the $304 per ounce mark.  Last week's pullback in
gold brought it back to its 61.8 percent retracement level
at the $290 per ounce level.  Buyers have supported the
price of gold twice during March at that level.

Bugs Buy




The bid in gold, or perhaps its reluctance to breakdown,
can be attributed to one of two things:  First, traders could
be using gold as a hedge against inflation.  Rising prices,
however, are nowhere to be found as last week's wholesale
report revealed.  The second possibility is that the bid in
gold is coming from defensive buyers; those market participants
who are shunning risks associated with other assets, such as
stocks.

Monday's advance in the commodity and, indeed, gold equities
was only one day.  We therefore can't draw any definitive
conclusions.  We can, however, continue to monitor the price
of gold and the corresponding equities and piece that into
our market hypothesis.  Further strength in gold, especially
in conjunction with a further rally in bonds, could signal
trouble on the horizon for stocks.  The type of defensive
buying that lifts bonds and gold in tandem is normally not
the most favorable market environment for stocks.  To reiterate,
Monday's was only one session, and we need more information
before jumping to conclusion.  Just be on the lookout for
defensive posturing by the market.

Healthy Habits

Bulls were moving back into health care stocks Monday,
excluding major Pharmaceuticals (DRG.X).  The DRG.X finished
0.47 percent lower for the day, diverging from the strength in
the Biotechs (BTK.X) and HMOs (HMO.X).  The two both finished
more than 1.8 percent higher.

For its part, the BTK.X finished above its 200-dma for the
first time in about two months.  Stellar performances were
put in by Affymetrix (NASDAQ:AFFX), Myriad Genetics (NASDAQ:MYGN),
Gilead Sciences (NASDAQ:GILD), ICOS (NASDAQ:ICOS), and
Genentech (NYSE:DNA).  Fractional weakness was observed in only
four of the 25 biotech stocks that I track.  In other words,
the BTK.X rally Monday was well participated in by individual
stocks.

The HMO.X, by comparison, finished at a new all-time high.
Beaten down Pacificare (NASDAQ:PHSY) led the rally in the
group with its 3.21 percent gain.  Other movers included
Human (NYSE:HUM), Anthem (NYSE:ATH), and Mid Atlantic
Medical (NYSE:MME).  Like the BTK.X advance, the HMO.X rally
was broad in scope.  

Crow Call

The strength in the broader health care space most likely
contributed to the breakout in Cardinal Health (NYSE:CAH), a
stock Jeff Bailey highlighted over the weekend as bullish.
As he normally is, Jeff on the money with his observations
in CAH.  I'd like to add a few of my own especially after
today's 1.21 percent rally and close above the 200-dma.

Jeff's bullish bias was based on observations from April
of 2000 during which CAH broke above a triple top on its
point and figure chart while at the same time clearing its
200-dma.  History often repeats itself in the marketplace,
which is what we're seeing again in CAH.

After breaking out above its triple-top last week, CAH
continued above its 200-dma in today's trading.  The
company announced an acquisition, which may have been the
cause, or perhaps the explanation, for today's rally.  More
likely was that the buyers were already waiting to take
this stock higher.  And the buyers did show up with
conviction as CAH exchanged almost twice its 30-day
average volume in Monday's session.  In doing so, the
buyers carried CAH up to its next hurdle at $70, which is
a double-top on its PnF chart.

Triple Double




With the triple top breakout last week and the subsequent
advance past the 200-dma Monday, the next progression in
bullishness is for CAH to gain relative strength versus
the market, putting it back into a column of Xs versus the
SPX.  The interesting thing is that CAH finished 0.03
basis points from reversing into a column of Xs on its
point and figure chart Monday.  CAH's relative strength
versus the SPX finished at 59.97, it needs 60.00 in order
to reverse into a column of Xs.  That could come
tomorrow and if it does would increase the bull's
conviction.

Gap Higher or Lower?

Ahead of the FOMC meeting, trade gap figures are
scheduled for release tomorrow morning.  Its a relatively
small time number, but one to watch nonetheless.
Estimates are calling for a number of $27 billion,
higher than December's $25.3 billion reading.

Aside from the economic release, the market may be
impacted by after hours developments from Monday night.
Although nothing major was announced, there are a few
companies to watch in tomorrow's session.  ONI
Systems (NASDAQ:ONIS), who is set to be acquired by
CIENA (NASDAQ:CIEN), issued a profit warning after the
bell.  The beaten down networking equipment sector
could be in for more weakness following the warning.
Separately, Gemstar TV Guide (NASDAQ:GMST) reported
that its co-president would resign on April 1.  Shares
were off by about $2 in the evening session.  Finally,
Electro Scientific (NASDAQ:ESIO) reported a disappointing
quarterly number after the close.  Its shares were lower
by about $3 in after hours.  Notice that there's one
commonality between these three stocks: a four-letter
symbol.

Tomorrow's most important event will be the Fed's
official announcement at its usual time around 2:15 p.m.
EST.  Expect slow trading into the announcement, and
keep a close eye on the above mentioned interest rate
sensitive sectors.  Trading is typically volatile
around the time of the announcement, so make sure to
set stops on open winning plays according to risk levels
and have a plan in place ahead of time.

Eric Utley
Premier Investor



==================================================================
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
---------------------------------

Univision - UVN - close: 46.71 change: +1.65

WHAT TO WATCH: Media stocks have been heading up in recent weeks 
and continued higher today on upbeat guidance from Radio One 
(ROIA).  UVN has put on quite a show since bottoming near $33 in 
February and today's 3.7% move pushed shares firmly over 
resistance at $45.  In addition to the general strength in the 
media sector, shares also benefited from a UBS Warburg 
advertising report that was bullish on UVN.  Near-term we'd look 
for the stock to trade up to $50.  At this point shares look a 
bit over-extended, although very aggressive traders could jump on 
if UVN move above last May's high at $47.  On the other hand a 
dip to $45 may present a more favorable entry point.




---

Ryland Group Inc. - RYL - close: 87.07 change: -1.63

WHAT TO WATCH: Homebuilding stocks had a nice run over the past 
month (okay, they've been doing well a lot longer than a month) 
and RYL led the way higher.  However, it seems rising bond rates 
(which translate to higher mortgage rates) and speculation that 
the new home market is over-saturated may have deflated the 
sector.  RYL topped out at $97.70 on March 7th and has been 
trending lower ever since.  The MACD gave a bearish crossover 
this week and there is no clear support level until the 50-dma at 
$80.  If the sector negativity continues traders can target 
weakness from current levels or failed rallies at $90.  P-n-f 
traders may want to note that the stock is currently on a sell 
signal (double-bottom) for the first time in three months.




--- 

Furniture Brands Intl - FBN - close: 39.73 change: -0.08

WHAT TO WATCH: As discussed above, homebuilding stocks have been 
trending down.  If Wall Street believes that the new home market 
has peaked, then home-furnishing manufacturers such as FBN should 
follow the homebuilders lower.  Technically, the stock looks like 
it could head back to support at $35.  The MACD is showing a 
bearish crossover and daily stochastics are rolling over from 
overbought.  However, shares are still trading in a narrow 
ascending channel from September and are currently resting just 
above the bottom of that channel.  A trade to $38 would create a 
3-box reversal on the p-n-f chart, while a break below it could 
mean that the bears have retaken control if for only a little 
while.




---

Applied Materials - AMAT - close: 51.82 change: +1.10

WHAT TO WATCH: Like most semiconductor stocks, shares of AMAT 
ramped up sharply in the first week of March.  Wall Street seems 
to be very bullish on chip equipment manufactures such as AMAT 
and NVLS, and we're inclined to agree.  However, rather than 
chasing the stock higher we'd like to wait for a pullback to 
offer a better entry point.  Jeff Bailey likes a dip all the way 
back to $46 - 47 but we might not get an opportunity to buy it 
that cheap.  Look for a bounce from the $50 level to evaluate 
bullish positions.  A couple news events this week could have a 
large impact on AMAT.  In addition to Tuesday's fed meeting, 
we'll be watching the release of the semiconductor book-to-bill 
ratio later this week (date unconfirmed), which could have a 
large impact on semi stocks.  Short-term aggressive traders could 
try a long play with a stop under $48.75.




--- 

Cardinal Health - CAH - close: 69.90 change: +0.84

WHAT TO WATCH: The HMO.X health provider index traded to an all-
time high of 508 today.  CAH has also been trading strong and 
closed over its 200-dma on Monday.  As mentioned in this 
weekend's Watch List, we're waiting for a close over November's 
highs at $70.  If this occurs we may add CAH as another 
Healthcare stock on our Play List.  In the news, CAH announced 
that they had agreed to purchase Magellan Laboratories Inc., a 
pharmaceutical development company.  For more info on CAH check 
out this weekend's wrap by Jeff.






===============
Play-of-the-Day  
===============

With the FOMC meeting tomorrow a lot of Wall Street pundits
are expecting a lackluster morning as everyone waits to hear
Greenspan and Co's decision on their bias.  Will it be neutral
or will they move to tighten?  Because of the event we're
are not posting a play-of-the-day for tomorrow.  

The only thing traders can probably bet on with surety is the 
potential for a very volatile afternoon.



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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
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
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factors beyond our control.

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



PremierInvestor.net Newsletter                  Monday 03-18-2002
                                                   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/c18b_2.asp
=================================================================

In section two:

NetBulls Tech Stocks
  Stop Adjustment Update:  BBH (long) & BRCD (short)

StockBottom Non-tech Stocks
  Closed Bullish Plays:    COL

Long-Term Plays
  Stop Loss Adjustments:   PETM, SPLS
  Non-tech Closed Play:    HSY

Split Trader
  Announcements:           AVD: 4-for-3 split announcement


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 Tech Stocks (NB) section
=================================================================

===================
NB Stop Adjustments
===================

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

Biotech HOLDRs - BBH - cls: 128.20 chg: +2.75 stop: 119.45 *new*

After repeatedly butting its head on resistance near $125 shares 
of the BBH have finally broken higher.  This is just the sort of 
development we were looking for, and the BBH is now within 
striking distance of resistance at $130.  Moving the sector 
higher today were AMGN (+1.74%), CHIR (+2.52%), DNA (+3.59%), and 
SPER (+2.33%).  In response to the breakout we're moving up our 
stop up to last week's low at $119.45.  Note that the BTK.X 
biotech index faces both the 100-dma and historical resistance 
directly overhead at 545.  By the way, a more conservative trader
could probably get by with a tighter stop near the $124 level
but we're going to look for a pull back and bounce before we
cinch up our stop loss too high.

Picked on February 20th at $120.00
Gain since picked:           +8.20
Earnings Date                  N/A






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

Brocade Comm. - BRCD - cls: 23.10 chg: -2.44 stop: 27.05 *new*
 
Whoa!  That's what we like to see in our short plays.  BRCD 
dropped 9.55% today on high volume of 35M versus the 15M average.  
There wasn't any company-specific news to explain the decline, 
but other storage stocks such as QLGC, EMLX (another PI short 
play), and EMC all suffered losses.  At this point it appears 
BRCD may be headed for a test of the $20 level (our new target), 
but shares may find support near recent lows at $21.61.  Due to 
the large decline we're tightening our stop to $27.05 tonight.  
More conservative traders may want to put their stop just above 
today's high at $26.49 or even near $25.50, which would protect a 
5% gain.  We're expecting a possible oversold bounce to $25.00 so 
we don't want to get prematurely stopped out on any volatility 
thus our stop at $27.05.  The PI newsletter is currently up 14% 
on this play.  Don't forget that our initial price target was $22 
and short-term traders might want to begin looking for the exits.

Picked on March 15th at $26.90
Gain since picked:       +3.80
Earnings Date         04/17/02 (unconfirmed)






=================================================================
AT Active Trader/Non-tech plays
=================================================================

===============
AT Closed Play
===============

  -------------------
  Closed Bullish Play
  -------------------

Rockwell Collins - COL - cls: 24.00 chg: -0.40 stop: 23.65

Based on expectations for a quick rebound from the depressed 
commercial aerospace market, Lehman Bros. initiated coverage on 
COL today with a "buy" rating and price target of $28 (Reuters).  
You'd think that the upgrade would've given the stock some 
positive momentum, but that wasn't the case.  COL has been 
somewhat weak since hitting the top of its ascending channel near 
$25.  We noted in recent updates that shares could be trending 
back toward the bottom of the channel and accordingly raised our 
stop.  Today's selling pushed the stock below the stop at $23.65, 
thus ending this play with a 5.1% gain.  The 1.63% loss on Monday 
may have made more sense if the sector was weak, but the DFX.X 
defense index traded flat today and finished with a fractional 
gain.  It appears that shares may consolidate near current levels 
or even retest the 30-dma near $22.50 before breaking to new 
highs.  COL was able to gain back some lost ground in afternoon 
trading but in light of today's relative weakness we'd be weary 
about initiating new positions.

Picked on February 15th at $22.50
Gain since picked:          +1.15
Earnings Date            04/17/02 (unconfirmed)






=================================================================
Long-Term Plays (LT) section
=================================================================


LT Stop Loss Adjustments
------------------------
(Non-Tech Stop Loss Updates)


PETsMART, Inc. - PETM - close: $12.98 change: -0.06 stop: 12.38

We are RAISING our stop loss on PETM to $12.38.  This should 
protect a 20% gain in the stock from our picked price of $10.32
on January 28th.  Our original target was only $12 so the recent
highs near $13 are a bonus.  




---

Staples, Inc. - SPLS - close: 20.12 change: -0.48 stop: 17.84

We are RAISING our stop loss on SPLS to $17.84, which is near
the Feb. 22nd low.  The stock is doing well consolidating above
the $20 level but the MACD is beging to look pretty extended.
Our exit price of $24.85 is still in effect.





===============
LT Closed Plays
===============

  --------------------
  Closed Long Non-Tech 
  --------------------

Hershey Foods Corp - HSY - cls: 67.47 chg: -1.30 

We are closing our long-term play on HSY.  We initially started
the play back in October (at $64.55) because we felt the stock 
offered good long-term potential.  At the time we were expecting 
a share price of better than $75 over the next three to six 
months.  The stock did reach the $72 level but began to see
profit taking over the last three weeks.  When it appeared to
be building a new base of support at $68 this last week we
weren't too concerned.  However, Monday's gap down and close
under its 100-dma on strong volume is discouraging.  We are
unsure whether this is a market reaction to HSY's decision
to keep Andersen as its auditors.  Andersen has been working
for HSY for the last 75 years and management feels they are
still qualified but this could be a vote of no confidence by
Wall Street.






=================================================================
Split Trader / Stock Splits (ST) section
==================================================================

-------------------
Split Announcements
-------------------

Both a Cash Dividend & 4-for-3 Split for AVD

After the bell on Monday, American Vanguard Corp. (AMEX:AVD) 
announced that their Board of Directors had approved both a $0.14
cash dividend and a 4-for-3 stock split.  The split will take 
place as a 33% stock dividend and the cash dividend will be paid 
on a pre-split basis.  

The shareholder record date for both the dividend and the stock 
split will be March 29th, 2002.  The distribution date for both 
will be April 12th, 2002.

Shares of AVD have risen very strongly over the last twelve months 
with the stock price moving from the $12 level to close near $20 
today.  Our concern with trading it would be the extremely low 
volume.  The stock split will help that but it will still not have 
enough volume for us to trade it comfortably.  

The stock closed at $19.90 on Monday.  For a current quote,
click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=AVD


About the company
American Vanguard Corporation is a diversified specialty and 
agricultural products company focusing on crop protection and 
management, turf management and public health insecticides. The 
Company's basic strategy is to acquire brand name, niche product 
lines from multi-billion dollar companies that divest mature 
products to focus on newly discovered molecules. (source: 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 

ZION    Zions Bancorp              55.78     +0.83
MUR     Murphy Oil Corp            90.02     +1.66
TDW     Tidewater Inc              43.13     +1.46
AXL     American Axle & Mfg        29.55     +1.25
SXT     Sensient Technologies      22.43     +0.58

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

HHLF    Hurricane Hydro            13.96     +1.17
MDG     Meridian Gold Inc          12.55     +1.25
MCAF    Mcafee.com Corp            19.45     +3.91
SKO     Shopko Stores Inc          17.15     +1.15
SIE     Sierra Health Services     11.62     +1.02

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

CVS     CVS Corp                   35.40     +1.09
UVN     Univision Communications   46.71     +1.65
SU      Suncor Energy              37.75     +2.26
ROOM    Hotel Reservations Network 68.10     +3.83
HSP     Hispanic Broadcasting      31.65     +2.55
CXR     Cox Radio Inc              30.14     +1.40

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

HSY     Hershey Foods Corp         67.47     -1.30
BRCD    Brocade Communications     23.10     -2.44
LEN     Lennar Corp                53.00     -1.55
AFCE    AFC Enterprises            28.51     -1.64

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

NVR     NVR Inc                   285.00     -3.60
MMS     Maximus Inc                35.15     -1.30




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