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Daily Newsletter, Friday, 03/22/2002

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PremierInvestor.net Newsletter          Weekend Edition 03-22-2002
                                                    section 1 of 3
Copyright © 2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
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To view this email newsletter in HTML format with imbedded
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In section one:

Market Wrap:      Every which way but loose.
Play-of-the-Day:  Sniff, sniff, scratch.
Watch List:       DRI, LUV, QCOM and ISSX
Market Sentiment: - can be found online this weekend -

------------------------------------------------------------------
U.S. Market Numbers
------------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
------------------------------------------------------------------
        WE 3-22          WE 3-15          WE 3-08          WE 3-01
DOW    10427.67 -179.56 10607.23 + 34.74 10572.49 +203.63  +400.71
Nasdaq  1851.39 - 16.91  1868.30 - 61.37  1929.67 +126.93  + 78.20
S&P-100  580.09 - 11.04   591.13 +  1.29   589.84 + 13.68  + 22.12
S&P-500 1148.70 - 17.46  1166.16 +  1.85  1164.31 + 32.53  + 41.94
W5000  10776.86 -127.83 10904.69 + 14.02 10890.67 +330.66  +380.72
RUT      502.39 +  3.27   499.12 -   .73   499.85 + 21.51  + 13.27
TRAN    2877.27 - 74.27  2951.54 - 58.70  3010.24 +113.11  +171.48
VIX       19.62 -  1.15    20.77 -  0.84    21.61 -  0.52  -  2.76
VXN       37.56 -  2.70    40.26 -  1.36    41.62 -  0.32  -  6.63
TRIN       1.12             0.56             0.73             0.74
TICK       +647             +855             +927            +1029  
Put/Call    .66              .64              .62              .94 
------------------------------------------------------------------
WE= week ended

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

Every which way but loose

I've struggled to try and some up with some type of explanation 
or scenario that is currently in play in the market and I can't 
come up with one.  Recently, there hasn't been a sector or area 
of the market that has really been able to extend any type of 
move, up or down!

It has been a market environment where a trader has been well 
advised to snug a stop to levels of profitability if you get a 
gain of more than 10%, otherwise hang onto your hat as you could 
get whipped around and see that profit evaporate faster than a 
bottle of Dippity Doo at an Elvis convention.

There's an old saying among traders that you should not short a 
dull market.  I'd agree with that to some degree, but I think the 
better axiom would be, "you can short a dull market, but don't 
get lulled to sleep and let your guard down."

The MARKET's just look tired right now and for every piece of 
economic data that shows some type of economic recovery taking 
place, there's another report that sends off some type of 
conflicting message that creates jitters among traders.

Earlier this week, investors were selling their homebuilder 
stocks immediately following some stronger than expected housing 
starts and building permits numbers.  We talked about Centex 
Corporation (CTX) earlier in the week.  In just two sessions the 
stock fell from $57.11 to $51.96 (-9%) to then stage a turnaround 
today and post a 6.6% gain back to the $55.44 level.

Yesterday's selling looked like bulls getting nervous and either 
locking in some longer-term gains after stocks in the sector 
continued to move against them, while today's action smelled of 
massive short-covering in the sector by bears that had seen these 
stocks hold current support levels before.

The market action right now is perhaps very similar to what we 
sometimes see in a professional American football game and 
contemplation by the head coach after his field goal kicker just 
put the football through the uprights for 3-points, only to find 
out the opposing team has been penalized for roughing the kicker.  
As a coach, your contemplation is, "do I take the points off the 
scoreboard and go for 7, or leave the points up there and start 
anew?"  Not that everyone's a football fan, but there have been 
some head coaches lose their jobs when they took points off the 
board and then ended up losing the game as it turned out to be a 
pivotal and costly decision.

That appears to be a similar contemplation that all MARKET 
participants went through this week.  "When I get a profit and it 
starts slipping away, do I take the gain and start anew, or let 
it ride and be willing to take the heat?"

Weekly market averages/sector performance




Red (down), Black (relatively unchanged) and Blue (up) among the 
various market averages and sectors.  The "standout" this week 
was the Gold/Silver Index (XAU.X) with a robust 9.5% weekly gain, 
with the bulk of that gain coming on Monday and then more today 
as the XAU.X broke above a level of resistance that bears were 
most likely looking to hold.

Gold/Silver Index Chart - Daily Interval




We've talked about Gold stocks in the past.  They can move higher 
in times of political/economic uncertainty, or move higher in 
times of inflation.  With the economic data released this past 
weak, the only "inflation" hints were in the Philly Fed report 
that we talked about in last night's wrap.  Gold stocks look to 
be benefiting from a short-squeeze.  Yesterday, sellers were able 
to push the XAU.X back below the $65.88 level on a closing basis, 
but this morning's early gains and eventual break of Thursday's 
highs looks to have had buyers coming into gold stocks.  There 
have been some big institutional firms predicting some very low 
prices for gold stocks by years end and I get the feeling there 
are a lot of shorts that are looking for the exits.  A further 
move higher above the $70 level could really have the group 
catching fire as MACD has now turned higher just above the zero 
level.  I would not be sleeping too well this weekend and I'm 
looking for some bears to go back into hibernation.  I think this 
group offers some good near-term trading, but it won't be for 
those traders that can't handle some "excitement" and volatility.

One stock I'd have an eye on in the group is Anglogold (NYSE:AU) 
$23.52 +5.42%.  I'd look to play the stock long on a break higher 
at $24.  Then hold onto your hat with a stop at $22.50 and look 
to sell near-term strength on a short-squeeze above $26.  If the 
stock starts rocking higher, begin removing risk from the trade 
by following it higher each day, with a stop just below the 
previous session's low.

Last night and in yesterday's intraday commentary, we talked 
about the Utility Index (UTY.X) 340 -0.09%.  This may well be a 
good sector for bulls to hang out in the next couple of weeks.  I 
wouldn't be "chasing" stocks in the group like a TXU Corp. 
(NYSE:TXU) $54.01 +0.27 that looks a little extended, but would 
instead prefer some stocks that are lingering in a nice base as 
we talked about in Ameren (NYSE:AEE) $41.56 -0.31%.  Again, 
preferably start out with 1/2 or partial positions, then look to 
add as strength prevails.  

I still like the HMO and healthcare related stocks.  Shares of 
Oxford Health (NYSE:OHP) $41.88 +0.84% did trade at a potential 
level of retracement resistance today and set a new 52-week high.  
I wouldn't be surprised to see the stock pullback or rest awhile.  
Support should be firm at the $38.50 level.  If things were to 
get carried away to the upside, I'd look to sell some near-term 
strength above the $45 level.

Next week

Monday morning at 10:00 AM EST, February existing home sales 
numbers are due out and economists are looking for a number near 
5.56 million, which would be down slightly from January's 6.04 
million.  I'll be keeping a close eye on the homebuilders to try 
and get a better feel for how they trade.  If they trade rather 
sideways, then there may be some decent near-term short plays in 
the group.

Then on Tuesday we'll get February durable goods orders, which 
are expected to show a 0.9% gain.  With all the talk that the 
recently strong economic numbers at the industrial level has 
simply been due to a rebuild of inventories and not really due to 
economic growth demand, bulls will want to see a strong number 
here.  

Also due out on Tuesday is the ever-important March consumer 
confidence numbers.  Economists are looking for a rise in the 
reading to a 96.3 level, which would be higher than the previous 
reading of 94.1.  If you're in our bullish play in retailer Kohls 
(NYSE:KSS) $70.13 -0.14%, then this number will be of interest to 
you.  It will be to me.  Kohls (KSS) continues to find resistance 
at the $72 level and it looks like a strong consumer confidence 
number is needed to get a push higher.

There's more economic data due out later in the week with the 
bulk due out on Thursday.  We'll cover that when we get a little 
closer to their release.  You can also review the economic 
calendar in the "Market Watch" section.

Then on Friday, the markets will be closed in observance of Good 
Friday holiday.  I'll be out of the office on Monday, but Eric 
Utley will be giving you some good insight into things.  He is 
pretty bullish on some of the utility stocks too, so don't be 
"shocked."  

Get it?  "Shocked... electricity.... utilities?"  Ugh! 

Have a great weekend.

Jeff Bailey
Senior Market Technician


=========================
Play-of-the-Day (Bearish)
=========================
(( new tech stock short play ))


StorageTek - STK - close: 20.91 change: -0.69 stop: 22.05

Company Description:
StorageTek, a $2 billion worldwide company with headquarters in 
Louisville, Colo., delivers a broad range of storage solutions 
for digitized data. StorageTek solutions are easy to manage and 
allow universal access to data across servers, media types and 
storage networks. StorageTek is the innovator and global leader 
in virtual storage solutions for tape automation, disk storage 
systems and storage networking. Because of StorageTek, customers 
can manage and leverage their digital assets as their businesses 
grow and can maximize IT productivity to ensure enterprise-class 
business continuity. (source: company press release)

Why We Like It: 
The stock got hammered in late February when the company came out 
with guidance for the next three years.  We're sure they tried to 
paint the picture with a positive spin but no matter what STK 
said about their positive growth rates all Wall Street heard was 
"we expect less IT spending".  The company is planning to beef up 
its services division since the IT spending budgets will not be 
robust enough to purchase a lot of STK equipment (at least in the 
near future).  Since that two-day period where shares dropped 
from $23 to $16.50 before bouncing shares of STK have battled 
their way back.  The bad news for STK shareholders is the steady 
bullish trend for the last three weeks appears to have ended when 
bulls failed to make it over the 50-dma and resistance at $22.00.  
This failed rally at resistance and signs that its stochastics 
are rolling over and the MACD is about to rollover just under the 
zero line make STK an attractive short play.  We are going to 
target the 200-dma near $18.00.  We'll start the play with a stop 
just above resistance at $22.05.  

Picked on March 22nd at $20.91 
Change since picked:     +0.00
Earnings Date         04/23/02 (unconfirmed)
 





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

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

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


Darden Restaurants - DRI - close: 37.82 change: -0.34

WHAT TO WATCH: DRI was having a nice run since bottoming out in 
September, but of course all good things must come to an end.  
The sharp decline over the last three weeks could be attributed 
to sector rotation out of defensive stocks.  Of course in DRI's 
case it was prompted by a couple of influential downgrades.  
Thursday evening (03/21/02) the company announced earnings that 
saw 35% EPS growth for Q3, and also declared a 3-for-2 stock 
split.  The market reacted with a collective yawn and DRI 
finished Friday with a 0.89% loss.  With earnings out of the way, 
short positions can be considered if the stock breaks below the 
near-term low at $36.70 or the 100-dma at $36.60.  Be aware that 
the $35 level may offer support, but if this level fails a move 
to the 200-dma near $32 would not be out of the question.  Bears 
are probably eager to look for positions with the week-long 
failed rally at the $40 resistance level bolstered by the 50-dma.




--- 

Southwest Airlines - LUV - close: 19.36 change: +0.31

WHAT TO WATCH: Airlines are flying high!  YTD the XAL.X airline 
index is up 20%.  As you might imagine, the sector is full of 
potentially attractive stocks.  We've looked strongly at AMR, CAL 
and DAL, but LUV stands out as being the most attractive stock 
currently.  Not only does the company have better fundamentals 
than other airlines (they actually expect to be profitable for 
the year), but the stock looks like a good buy technically.  
Shares rebounded sharply from the 200-dma and daily stochastics 
are emerging from oversold.  Entries can be evaluated on 
continued strength from current levels, but keep an eye on the 
XAL, which could encounter resistance at recent highs of 115.  
We are strongly considering LUV as a new bullish play but would 
like to see it close over $20 first.




---

QUALCOMM - QCOM - close: 40.47 change: -1.30

WHAT TO WATCH: Most big-cap NASDAQ stocks saw a large rally in 
late-February/early-March, and QCOM was no exception (at least in 
March). The wireless sector may eventually stage a stunning 
comeback but the consensus on Wall Street is that it won't be 
anytime soon.  Technically, we like how daily stochastics are 
heading down toward the 20% band and the MACD is beginning to 
curl lower from the baseline.  The MACD on both the YLS.X 
wireless index and IXTCX combined telecom index are also close to 
producing a bearish crossover.  The icing on the cake is the p-n-
f chart, which is showing a double-bottom breakdown.  Aggressive 
traders may want to consider taking short positions if QCOM 
breaks under $40, but be aware that shares could find support at 
Thursday's low of $39.  More conservative traders could use a 
close under this lower level to verify the move.  Our target 
would be the February lows.




---

Internet Security Systems Inc - ISSX - close: 25.89 change: -1.44

WHAT TO WATCH: Premier readers know that investors have been 
rather unhappy with the security software stocks lately and the 
bearish trends in stocks like CHKP, VRSN and ISSX all look like 
they have further weakness ahead of them.  We really like how 
shares of ISSX failed at its point-and-figure chart bearish 
resistance line.  We strongly considered adding it to the play 
list with a trigger just under current support of $25.00.  The 
lower highs on the daily chart and the MACD curling over all look 
like great indicators supporting the bearish picture.  Keep an 
eye on the GSO.X software index but you might see ISSX on the 
play list soon.  Our first target would be $22.50 but we suspect 
that it could trade to $20 or lower.





---

!  Do you like the MORE TO WATCH section of the watch list?
Let us know with a quick email to Contact Support

---


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


The Market Sentiment will be available on the website this
weekend and should be posted by late Saturday afternoon.
Check it out at www.PremierInvestor.net





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PremierInvestor.net Newsletter          Weekend Edition 03-22-2002
                                                    section 2 of 3
Copyright © 2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================
To view this email newsletter in HTML format with imbedded
charts and graphs, click here:
http://www.PremierInvestor.net/htmlemail/c22b_2.asp
=================================================================

In section two:

Net Bulls
  New Bearish Plays:    BCE, BRCM, NVDA, STK
  Bullish Play Updates: BBH
  Bearish Play Updates: CLS, CHKP, CSCO (untriggered)
  Closed Bullish Plays: CSC
  Closed Bearish Plays: EMLX


Stock Bottom / Active Trader
  New Bullish Plays:    CAH, HRB
  Bullish Play Updates: DOL, OHP, KSS, PSS

High Risk/Reward
  Bullish Play Updates: HIG, PVN
  Bearish Play Updates: ADLAC

Split Trader
                         AMAT:  2-for-1 split announcement
                         DRI:   3-for-2 split announcement
                         CATY:  2-for-1 split announcement


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

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

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

B C E Inc. - BCE - close: 19.89 change: -0.66 stop: 21.05

Company Description:
BCE is Canada's largest communications company. It has 23 million 
customer connections through the wireline, wireless, 
data/Internet and satellite services it provides, largely under 
the Bell brand. BCE leverages those connections with extensive 
content creation capabilities through Bell Globemedia which 
features some of the strongest brands in the industry - CTV, 
Canada's leading private broadcaster, The Globe and Mail, 
Canada's National Newspaper and Sympatico-Lycos, the leading 
Canadian Internet portal. As well, BCE has extensive e-commerce 
capabilities provided under the BCE Emergis brand and serves 
international customers through BCE Teleglobe, a global 
connectivity, content distribution and Internet hosting company. 
BCE shares are listed in Canada, the United States and Europe. 
(source: company press release)

Why We Like It: 
The chart appeared to be forecasting a move like Thursday and 
Friday's for months.  With investors fleeing telecom companies in 
droves the chart for BCE had been working on a bearish trend of 
lower highs for a very long time.  Buyers tried to support it at 
$20 and $21 multiple times and bulls won a minor victory in early 
March but the trend of lower highs remained and buyers couldn't 
get through supply at $22.  In summary, the last five to six 
months had been building a large bearish wedge giving the stock a 
downside bias for a breakdown.  That breakdown appears to be 
happening.  We find it interesting that while the stock was 
struggling with the $22 level a week ago there was a huge surge 
in volume with no news accompanied by it.  We did see the 
announcement that BCE would be selling about 8M cumulative 
redeemable first preferred shares, series AA to a number of 
broker houses for resale but that was to have taken place by 
March 1st.  Maybe they were late getting the deal done.  It's 
certainly possible that these brokers shorted the stock knowing 
they'd have this extra inventory to get rid of and it would be a 
downer on the share price.  Of course it is possible that BCE had 
some other kind of secondary offering not reported in the news.  
The catalyst for the breakdown this week was the company's 
lowering of guidance by 3 cents a share.  The breakdown is on 
strong volume and BCE is now trading at levels not seen since 
January of 2000.  We think the close under $20 is key even though 
shares could rebound back to the $20.50 level before continuing 
lower.  We're going to start the play with a stop at $21.05 since 
we believe the $21 level should also act as resistance.  Using 
some retracement tools it appears that there might be support at 
$19.00 but we suspect BCE will be able to trade much lower over 
the coming weeks.

Picked on March 22nd at $19.89
Change since picked:     +0.00
Earnings Date         04/23/02 (unconfirmed)
 



---

Broadcom Corp.- BRCM - close: 36.18 change: -0.68 stop: see text

Company Description:
Broadcom Corporation is the leading provider of highly integrated 
silicon solutions that enable broadband communications and 
networking of voice, video and data services. Using proprietary 
technologies and advanced design methodologies, Broadcom designs, 
develops and supplies complete system-on-a- chip solutions and 
related hardware and software applications for every major 
broadband communications market. Broadcom's diverse product 
portfolio includes solutions for digital cable set-top boxes and 
cable modems; high- speed local, metropolitan and wide area and 
optical networks; home networking; Voice over Internet Protocol 
(VoIP); carrier access; residential broadband gateways; direct 
broadcast satellite and terrestrial digital broadcast; digital 
subscriber lines (DSL); wireless communications; SystemI/O(TM) 
server solutions; and broadband network processors. These 
technologies and products support our core mission: Connecting 
everything(TM). (source: company press release)

Why We Like It: 
As we scan the wooded lanes of Wall Street it would appear that 
there are several stocks still limping from recent bear attacks 
and one of them is BRCM.  The bad news for shareholders is that 
odds are good they may come back to finish the job.  This last 
week has seen the stock fall below its 200-dma and so far it has 
been unable to reclaim it.  Friday's move looked like a perfect 
failed rally attempt while closing the gap from Wednesday's open.  
Technically the stochastics are buried deep in oversold but the 
MACD is just beginning on a bearish crossover under the zero 
line.  We suspect that the Nasdaq may be headed lower over the 
next week or two and if that's the case then chip and telecom 
stocks like BRCM could see additional selling pressure.  We are 
going to be a little conservative with BRCM and look for it to 
trade through a trigger point of $35.75 before we enter the play.  
If and when shares trade at or below this trigger we'll go short 
with an initial stop at $38.45.  This is less than 10% from the 
trigger but still above the 200-dma looming overhead.  Our 
initial profit target is $30 but we'll adjust it as the play 
progresses.  More conservative traders could probably use 
Friday's high as a stop once the play was triggered.

Picked on March xxnd at $xx.xx <- see text
Change since picked:     +0.00
Earnings Date         04/23/02 (unconfirmed)
 



---

NVIDIA Corp - NVDA - close: 48.57 change: -0.42 stop: 51.65

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

Why We Like It: 
We've been waiting on this one for a while!  You may have seen 
NVDA on recent Watch Lists, as we eagerly waited for shares to 
break below support at $50.  When that finally happened on 
Wednesday, the stock dropped with such force (all the way down to 
$46) that we decided to wait for a failed rally at the $50 level 
before going short.  Well, that's exactly what happened today.  
Shares tagged a high of $49.87 and promptly reversed course, 
ultimately closing below its 200-dma.  Before we go any further, 
lets briefly reiterate why we think the breakdown below $50 was 
important in the first place:  Over the past year this level has 
acted as significant support/resistance, depending on which side 
the stock was on.  Wednesday's decline not only broke this level, 
but also created a double-bottom sell signal on the p-n-f chart.  
Fundamentally the stock has great earnings growth but after their 
latest earnings announcement NVDA's management revealed that the 
company was being investigated by the SEC for accounting issues 
related to how they recognize revenues.  Additionally, the recent 
weakness in the SOX is affecting the stock price and news that 
rival graphic chip maker ATI reported better than expected Q2 
numbers with additional news that ATI was set to announce new 
partnerships with notebook computer makers.  Now that we've seen 
NVDA fail in its attempt to move back over $50, we can now use 
that level is resistance.  Entries can be evaluated on another 
failed rally to $50 or further weakness from current levels.  
Look for support to emerge near recent lows at $46 but we suspect 
shares may trade as low as $40.50 in the next few weeks.  Our 
initial stop is at $51.81, just above the 10-dma, although more 
conservative traders may want to set theirs closer to $50.  Be 
sure to gauge sector sentiment by watching how the SOX.X behaves 
near resistance at 600.

Picked on March 22nd at $48.57 
Change since picked:     +0.00
Earnings Date         05/15/02 (unconfirmed)
 



---

StorageTek - STK - close: 20.91 change: -0.69 stop: 22.05

Company Description:
StorageTek, a $2 billion worldwide company with headquarters in 
Louisville, Colo., delivers a broad range of storage solutions 
for digitized data. StorageTek solutions are easy to manage and 
allow universal access to data across servers, media types and 
storage networks. StorageTek is the innovator and global leader 
in virtual storage solutions for tape automation, disk storage 
systems and storage networking. Because of StorageTek, customers 
can manage and leverage their digital assets as their businesses 
grow and can maximize IT productivity to ensure enterprise-class 
business continuity. (source: company press release)

Why We Like It: 
The stock got hammered in late February when the company came out 
with guidance for the next three years.  We're sure they tried to 
paint the picture with a positive spin but no matter what STK 
said about their positive growth rates all Wall Street heard was 
"we expect less IT spending".  The company is planning to beef up 
its services division since the IT spending budgets will not be 
robust enough to purchase a lot of STK equipment (at least in the 
near future).  Since that two-day period where shares dropped 
from $23 to $16.50 before bouncing shares of STK have battled 
their way back.  The bad news for STK shareholders is the steady 
bullish trend for the last three weeks appears to have ended when 
bulls failed to make it over the 50-dma and resistance at $22.00.  
This failed rally at resistance and signs that its stochastics 
are rolling over and the MACD is about to rollover just under the 
zero line make STK an attractive short play.  We are going to 
target the 200-dma near $18.00.  We'll start the play with a stop 
just above resistance at $22.05.  

Picked on March 22nd at $20.91 
Change since picked:     +0.00
Earnings Date         04/23/02 (unconfirmed)
 




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

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

Biotech HOLDRs - BBH - close: 126.50 change: -1.30 stop: 119.45 

We would've liked to see another 3.9% gain, but today's 1.30% 
decline was understandable after Thursday's large move.  Most of 
the larger biotechs pulled back today, including AMGN (-0.70%), 
BGEN (3.84%), MLNM (-4.15), and SEPR (-3.51).  We're watching the 
BTK.X biotech index very closely.  It's threatening to break over 
its 200-dma at 537.  A close over this level would be a very 
bullish development for our HOLDRS, as it could push the BBH over 
the top of its ascending channel near the near-term high at $129.  
However, due to possible congestion at $130 we wouldn't try to 
chase it higher unless the BTK can confirm its bullishness with a 
move over 545, location of historical resistance and the 100-dma.

Picked on February 20th at $120.00
Gain since picked:           +6.50
Earnings Date                  N/A





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

Celestica - CLS - close: $36.27 change: +0.42 stop: 37.21 

Honestly we are very surprised that CLS showed any strength today 
at all.  The news from SLR's earnings report last night should 
have tanked the whole group.  Believe it or not, SLR was only 
down 25 cents or 3% by the end of the day although it does look 
ready to fall under support of $8.00.  CLS actually managed a 
small gain heading into thee weekend.  The trend is still 
negative but today's higher high and higher low may be a flag for 
bearish traders.  We're going to leave our stop at $37.21 for now 
but we would not consider any new positions until CLS fell back 
under the $36 level.  For more info on the SLR news, check out 
Thursday's update.  We continue to target the $32 level for CLS.

Picked on March 13th at $37.98
Gain since picked:       +1.71
Earnings Date         04/17/02 (unconfirmed)
 



---

Check Point Software - CHKP - cls: $31.38 chg: -1.43 stop: 34.15

As you know, we were a bit concerned on Thursday when CHKP erased 
almost all of Wednesday's losses.  Fortunately, the stock stopped 
short of overhead resistance and succumbed to selling again while 
investors headed home for the weekend.  The close back under the 
$32 support/resistance level is much more comforting for our 
bearish play.  The MACD still looks bearish as it continues to 
rollover under the zero line.  This time short-term traders who 
forgot to take profits at the $30 level may want to do so when we 
get the chance again.  For the rest of us, we're still targeting 
the $27.50 to $28.00 area.  Obviously, the $30 mark is support so 
plan your entries and stop placement carefully.  We didn't see 
any news on the major software security stocks (CHKP, ISSX, VRSN) 
in the last 24 hours but MSFT continues to lead the software 
sector as a whole lower.  If MSFT closes under $60 it will be a 
bearish day indeed for the group!

Picked on March 14th at $33.28
Gain since picked:       +1.90
Earnings Date         01/15/02 (confirmed)
 



---

Cisco Systems - CSCO - close: 16.57 change: +0.08 stop: see text

The closing numbers for CSCO aren't much different than 
Thursday's but intraday the stock posted a failed rally at the 
$17 level.  That's good news for our bearish bias since it 
confirms that $17 is resistance (yet again).  With the Nasdaq 
looking somewhat weak and our expectation that the tech market 
could pull back next week we will leave our CSCO play untouched.  
If the stock trades at or below $15.90 we'll open our short play 
with a stop at $16.70.  Once triggered we'll target an exit near 
the late February lows at $14.25.

Picked on March xth at $xx.xx <- See text
Change since picked:    +0.00
Earnings Date        05/07/02 (unconfirmed)
 




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

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

Computer Sciences - CSC - close: $48.79 change: -2.21 stop: 49.74

CSC bulls are licking their wounds tonight after the stock fell 
though support at $50.  Fortunately our stop just under that 
level prevented us from taking too much damage.  Today's 4.33% 
decline took shares below our stop at $49.74, thus ending this 
play with a $2.51 loss.  We went long on CSC after it broke over 
resistance at $50.  The pullback to retest support wasn't too 
concerning, but today's break of that level suggests that the 
bears may be in control.  The technicals don't paint a very 
bright picture either:  Stochastics are heading lower, the MACD 
has given a bearish crossover, and the next clear level of 
support is down at $46.  Support could emerge at the 50-dma near 
$48, but at this point bulls seem to have the most risk.

Picked on March 15th at $52.25
Change since picked:     -2.51
Earnings Date         01/31/02 (confirmed)





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

Emulex Corp. - EMLX - close: 31.55 change: +0.61 stop: 32.31

You can't imagine the grief I received in the office for not 
lowering our stop to just above $30.00 when EMLX closed near 
$26.50 four days ago (when we were up about 9% at the time).  
Honestly, I didn't expect it to trade back above its 200-dma much 
less close above it.  When the stock rallied through support on 
Thursday it was still under its 15-dma, which had acted as 
resistance in the past.  Thus, I did not adjust our stop last 
night.  The bad news is EMLX traded up to $33.10 before rolling 
over into the closing bell.  That was good enough to hit our stop 
at $32.31.  We still think the stock looks like a short despite 
the bullish crossover in the MACD but we're going to take our 
loss and look for new plays elsewhere.  Other stocks in the group 
like BRCD and QLGC also look like shorts, especially BRCD.  
Interested traders may want to check them out.

Picked on March 14th at $29.25
Gain since picked:       -3.06
Earnings Date         01/22/02 (confirmed)
 





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

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

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

Cardinal Health - CAH - close: 70.05 change: +0.20 stop: 67.49

Company Description:
Cardinal Health is a leading provider of products and services 
supporting the health care industry. Cardinal Health companies 
develop, manufacture, package and market products for patient 
care; develop drug-delivery technologies; distribute 
pharmaceuticals, medical- surgical and laboratory supplies; and 
offer consulting and other services that improve quality and 
efficiency in health care. (source: company press release)

Why We Like It:
As you may know from recent Watch Lists, we've been bullish on 
CAH for over a week.  The HMO.X Health provider index has been on 
fire recently, and actually set an all-time high this week.  CAH 
has also been strong but had some trouble with resistance at $70.  
We wanted to see a close over that level before adding it as a 
play, and that's exactly what happened today.  Now that we're 
finally long, our initial profit target will be the October highs 
at $77.  In looking for entries, traders can consider jumping on 
if the HMO.X trades back above 500.  The index actually fell 
below that level today.  A dip to the 200-dma near $69 could also 
yield an entry point.  We're starting this play with a stop at 
$67.49, which is less than 5% from current levels.  In case you 
p-n-f fans were wondering what the chart looks like, CAH is 
currently on a triple-top breakout signal.  Strategically, it 
looks like fund managers might be moving back into defensive 
stocks or more traditional safe havens and CAH is a primary 
candidate.  With the recent inflows into mutual funds those 
managers are going to have to put that money to work somewhere.  
CAH has an extremely reliable history of returning very solid 
earnings growth and we've noticed a few articles recently re-
advertising this well-known fact.  Prudential recently started 
the stock with a "buy" and put an $83 price target on it.

Picked on March 22nd at $70.05
Change since picked:     +0.00
Earnings Date         04/23/02 (unconfirmed)
 



---

H&R Block Inc - HRB - close: 45.23 change: +0.53 stop: 42.75

Company Description:
H&R Block Inc. is a diversified company with subsidiaries 
providing a range of financial products and services. In 2001, 
H&R Block served 19.2 million taxpayers - more than any tax or 
accounting firm -- through its more than 10,400 offices located 
in the United States, Canada, Australia and the United Kingdom. 
H&R Block served another 2.3 million tax clients through its 
award-winning TaxCut® software program and through its online tax 
preparation services. Investment services and securities products 
are offered through H&R Block Financial Advisors Inc., member 
NYSE, SIPC. H&R Block, Inc. is not a registered broker-dealer. 
H&R Block Mortgage Corporation and Option One Mortgage 
Corporation offer a range of home mortgage products. RSM 
McGladrey Inc. is a national accounting, tax and consulting firm 
with 100 offices nationwide, as well as an affiliation with 550 
offices in 75 countries as the U.S. member of RSM International.
(source: company press release)

Why We Like It:
It's back.  We're bringing HRB back out of the dugout to see if 
it can hit another winner for us.  The stock has been on an 
incredible run from December of 2000.  The rumor two weeks ago 
was that a large momentum trader who had taken a position "months 
ago" was exiting their position and that's why the stock saw such 
so much selling pressure.  Shares did see some profit taking but 
we look at it as a chance to get a better entry point.  If you 
are working from a market bias that the broader indices might see 
some weakness over the next couple of weeks and that fund 
managers will be looking for "safe" stocks to put their money in 
then HRB might be a player.  Why is that?  Probably the largest 
reason is HRB's growth.  This tax season is off to a good start 
and HRB should do very well.  HRB recently reported $1.2 billion 
in fees from tax preparation through February 28th, 2002, which 
was up more than 12% from the previous year.  Management has also 
reaffirmed their revenue growth target of 10% to 15%.  How many 
technology companies can offer those kind of numbers for fund 
managers to invest in?  The pull back seems to have bottomed this 
week with the stock bouncing twice at its 100-dma.  This was an 
effective 12% drop from its highs in late February and the 
strength we saw on Friday looks encouraging.  There is potential 
resistance at the 50-dma ($46.50) but we feel that HRB might be 
able to tackle old highs over the next few weeks.  We're going to 
start the play with a stop just under Monday's low and under the 
100-dma at $42.75.

Picked on March 22nd at $45.23
Change since picked:     +0.00
Earnings Date         05/29/02 (unconfirmed)
 




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

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

Dole Food CO. - DOL - close: 30.75 change: +0.42 stop: 28.99

Don't look now, but DOL just might be getting ready for a break 
to the upside.  After two long weeks of consolidation at the $30 
level it looks like the stock might be gaining some bullish 
momentum.  Following its 1.1% gain yesterday, DOL tacked on 
another 1.4% for the highest close since March 4th.  Now that 
shares have broken above $30.50, traders may want to consider 
jumping on at current levels.  Conservative traders can do so 
with limited risk by setting their stops just under $30.  In 
addition to the recent positive trend, the oscillators also 
suggest a move higher.  Daily stochastics are rising toward the 
upper band, while the MACD looks like it's just about to produce 
a bullish crossover.  Our short-term objective is $34, but first 
the stock will have to break over the 52-week high from early 
March at $31.46.  Traders may want to make note of DOL's newly 
resurrected rival Chiquita Brands Intl. (NYSE:CQB).  The stock 
has been trading strongly.  

Picked on March 1st at $30.94
Gain since picked:      -0.19
Earnings Date        01/31/02 (confirmed)




---

Oxford Health - OHP - close: 41.88 change: +0.35 stop: 39.90 *new*

These updates are starting to sound like a broken record.  That's 
okay, considering we keep reporting new all-time highs!  OHP once 
again outperformed the broader market and healthcare index 
(HMO.X) and ended with a weekly gain of 3.5%.  What's impressive 
is the way the stock continued higher despite a pullback in the 
HMO.X.  As long as this pattern of relative strength continues, 
OHP bulls should be in good shape.  However, we're actually a bit 
concerned about the index's move back under 500 today.  It wasn't 
surprising to see some consolidation in the index after a nice 
run, but we'll probably need to see it move back over resistance 
at 500 if OHP is going to reach our profit target at $44.75.  On 
a more positive note, we suspect healthcare stocks could benefit 
from fund managers finishing up their end-of-quarter window 
dressing next week.  OHP in particular could get a good bump - 
Its up almost 40% YTD.  Not a bad stock to add if you're a fund 
manager looking to dress up your portfolio.  If the stock does 
trade higher next week a move over today's high at $42.75 could 
offer an entry point, but at this point it certainly wouldn't be 
surprising to see shares pull back to $40.50 (10-dma) or $41.00 
(previous resistance).  Note that we're moving our stop to 
$39.90, just below the lows for the week.  If OHP trades at our 
profit target we'll close the play.

Picked on March 8th at $38.55
Gain since picked       +3.33
Earnings Date        02/05/02 (confirmed)




--- 

Kohls - KSS - close: 70.03 change: -0.10 stop: 67.45 *new*

We went long on KSS after it moved over resistance at $70 and 
triggered a bullish triangle breakout on the p-n-f chart.  Shares 
flirted with the $72 but have since pulled back for a retest of 
resistance/support.  It's nice see to another close over this 
level, but it was by the smallest of margins.  Shares actually 
dipped all the way to $69.24 this morning before bouncing.  KSS 
is mirroring the retail index (RLX.X), which is trading in the 
960-980 range.  If the index and KSS move up from current levels, 
conservative traders could consider jumping on with a stop 
nestled under today's low or even just under $70.  If KSS is 
going to break through $72 we'll likely need to see the RLX move 
over 980.  Fortunately, volume has been very light on the pull 
back but price is the most important factor.  While we wait for 
bulls to make another run at retail we're going to edge up our 
stop on KSS to $67.45.

Picked on March 15th at $70.50
Change since picked:     -0.47
Earnings Date         03/05/02 (confirmed)




--- 

Payless Shoesource - PSS - close: 61.14 change: -1.15 stop: 58.75

That strong smell emanating from footwear stocks can be blamed on 
Nike, who needs some odor-eaters after losing 5.9% today.  
Investors took a dim view of their forecast of future demand, 
while ignoring positive comments from J.P. Morgan and CSFB.  PSS 
is a large distributor of Nike shoes and sold off 1.84% on the 
news.  Shares finished near the lows for the day, and although 
$61 may emerge as support it looks like a retest of the $60 level 
could be in order.  The MACD is about to signal a bearish 
crossover and the daily stocastics are moving lower.  We did note 
that some of the other footwear players have been in solid 
uptrends: SKX, SRR, and BWS to name a few.  The NKE news could 
easily blow over by next week, especially considering that it was 
accompanied by positive analyst comments.  Traders need to 
exercise caution in light of the bearish-looking oscillators, but 
entries could be evaluated on a bounce from $60-$61.

Picked on March 15th at $61.74
Change since picked:     -0.60
Earnings Date         02/22/02 (confirmed)






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

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

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

Hartford Financial Svc - HIG - cls: 66.71 chg: +0.06 stop: 64.45

More of the same for HIG.  Shares climbed above $67 today but 
pulled back with the Dow in afternoon trading to close with a 
fractional gain.  There seems to be a good deal of indecision at 
current levels.  We're not thrilled with the trend of lower lows 
and lower highs over the past week, but it's encouraging to note 
that volume has been steadily decreasing over the same time 
period.  We may see a test of the 50-dma at $65.38 before the 
stock heads higher.  Traders may want think about going long if 
it bounces from that level.  A close above $68 could also be a 
good time to think about an entry, but be aware that our initial 
profit-target is at $70.  In the news today, HIG joined dozens of 
other companies that they'd no longer be using Arthur Anderson as 
its accountant.  At this rate the Big Five accounting firms could 
soon be reduced to the Big Four.

Picked on March 13th at $65.74
Change since picked:     +0.97
Earnings Date         01/28/02 (confirmed)
 



---

Providian Financial - PVN - cls: 7.12 chg: +0.97 stop: 6.75 *new*

Wow!  Today's 15.77% gain really put the "reward" in this high-
risk/reward play.  In last night's update we speculated that PVN 
could be on the verge of a breakout after consolidating for 
several days and closing just under near-term highs.  We also 
mentioned that in after-hours news PVN announced they had agreed 
to pay $38M to settle a shareholder lawsuit from 1999.  It was 
initially unclear how the market would react, but the stock 
gapped up this morning and screamed higher.  Morgan Stanley 
upgraded PVN on their belief that the stock had limited downside 
risk and could trade as high as $14 over the next year, while 
CIBC World Markets opined that the risk of the company being 
liquidated has been eliminated.  Shares paused near $7.00 before 
moving above that level to close near the highs for the day.  
Although today's strength was impressive, PVN could face 
substantial resistance directly overhead at $7.25.  This is where 
the stock opened after a large gap lower on October.  The Premier 
Investor newsletter is now up 24.7% on this play, and traders who 
jumped on at our original entry point may want to strongly 
consider taking profits now.  We think PVN could see some further 
upside but obviously today's move demands a new stop-loss.  We're 
raising our stop to $6.75, which should protect gains of 18%.  We 
would probably not recommend new entries at this time and wait to 
see if shares pull back or break over resistance at $7.25.
 
Picked on March 8th at $5.71
Change since picked:   +1.41
Earnings Date       02/07/02 (confirmed)
 




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

Adelphia Comm. - ADLAC - close: 21.30 change: -0.51 stop: 22.02 *new*

Although a late-day tech rally boosted ADLAC yesterday, the stock 
was quick to resume its bearish ways.  Today's 2.33% decline 
underperformed the NASDAQ and brought shares back down toward the 
$21 level.  Very short-term traders may want to consider bearish 
entries if the stock trades below the recent low at $20.81.  A 
failure of this level could put our $19 profit target within 
reach, but we only have a few days to accomplish this goal.  
ADLAC announces earnings on Wednesday, so if the play is still 
active we'll close it out on Tuesday night.  It would be a shame 
to see some nice profits go up in smoke because the stock gapped 
up on earnings.  We're not exactly expecting a blowout quarter 
from the company, but nonetheless protecting gains is of the 
utmost importance.  Since we're on the topic, we're going to 
lower our stop to $22.02, which was Thursday's high.  

Picked on March 12th at $23.99
Gain since picked:       +2.69
Earnings Date         03/27/02 (unconfirmed)






==================================================================
Split Trader (ST) section
==================================================================

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

(Thursday, March 21st, 2002)

AMAT announces 2-for-1 stock split

In case you missed the news, somewhat late Thursday night Applied 
Materials Investor Relations put out a press release stating that 
CEO James Morgan announced a two-for-one stock split.  

The split will come in the form of a 100% stock dividend and will 
be effective on or about April 16, 2002 to shareholders of record 
on April 1, 2002.  AMAT last split 2-for-1 in 2000.  This new 2:1 
split will put shares outstanding over 1.6 billion.  

Market reaction to the news was somewhat muted, and the stock 
closed at $51.53 on Friday. 

For a current quote, click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=AMAT


About the company
Applied Materials (Nasdaq:AMAT), the largest supplier of products 
and services to the global semiconductor industry, is one of the 
world's leading information infrastructure providers. (source: 
company press release)

-----

(Thursday, March 21st, 2002)

Darden Reports 3-for-2 Split with Earnings

Thursday after the bell, Darden Restaurants, Inc. (NYSE:DRI) 
reported earnings of 54 cents/share, a 35% increase over the same 
period the year before.  Accompanying the earnings was the 
announcement that its Board of Directors had approved a 3-for-2 
stock split to be paid as a 50% stock dividend.  In addition to 
the stock split, the Board of Directors also approved a 4 cents 
per share dividend to be paid on a pre-split basis.

The shareholder record date for both the dividend and the split 
will be April 10th, 2002 with a payable date for both as of May 
1st, 2002.

This marks the first split for DRI since it began trading in 
1995.

DRI closed at $37.82 on Friday.  For a current quote,
click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=DRI


About the company
As the largest casual dining restaurant company in the world, 
Darden Restaurants, Inc., owns and operates over 1,100 Olive 
Garden, Red Lobster, Bahama Breeze and Smokey Bones BBQ 
restaurants with annual sales of $4.02 billion.  Darden is 
headquartered in Orlando, FL. (source: company press release)

-----

(Friday, March 22nd, 2002)

Cathay Announces 2-for-1 Split and Bigger Dividend

Friday morning Cathay Bancorp (NASDAQ:CATY) announced a 2-for-1 
stock split and a 12% increase in its dividend.  The split will 
take effect as a 100% stock dividend and will be payable on April 
16, 2002 to stockholders of record on April 1, 2002.  

The stock last split in 1992, and has had quite a run over the 
past two years.  YTD the stock is up nearly 12%.

The dividend will be 28 cents a share to be paid on a pre-split 
basis.  It will also be paid on April 16th, 2002 with April 1st 
as the shareholder record date.

CATY closed at $71.58 on Friday.  For a current quote,
click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=CATY


About the company
Cathay Bancorp, Inc. is the one-bank holding company for Cathay 
Bank. Cathay Bank was founded in 1962 and offers a wide range of 
financial services. The Bank now operates 12 branches in Southern 
California, seven branches in Northern California, two branches 
in New York State, one branch in Houston, Texas, and 
representative offices in Taiwan and Hong Kong. In addition, 
branches in Sacramento, California, and Brooklyn, New York, and a 
representative office in Shanghai, China, are scheduled to open 
during this year. (source: company press release)




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PremierInvestor.net Newsletter         Weekend Edition 03-22-2002
                                                   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
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In section three:

Market Watch for Week of March 25th
   - 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 25th
==================================================

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

Symbol  Company               Date           Comment      EPS Est

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

ENTG   Entegris, Inc.         Mon, Mar 25  After the Bell   -0.04
GGAL   Gru Finan Galicia S.A. Mon, Mar 25  -----N/A-----    -0.06
SCS    Steelcase              Mon, Mar 25  After the Bell   -0.09
WAG    Walgreen               Mon, Mar 25  -----N/A-----     0.32

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

APOL   Apollo Group           Tue, Mar 26  Before the Bell   0.18
SID    Comp Sider Nacional    Tue, Mar 26  -----N/A-----     0.71
MANU   Manugistics            Tue, Mar 26  After the Bell   -0.06
MWD    Morgan Stanley Dn Wtr  Tue, Mar 26  Before the Bell   0.69
SJR    Shaw Communications    Tue, Mar 26  After the Bell     N/A
SCM    Swisscom AG ADS        Tue, Mar 26  -----N/A-----      N/A
TI     Telecom Italia         Tue, Mar 26  Before the Bell    N/A

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

ADLAC  Adelphia Communication Wed, Mar 27  -----N/A-----    -0.89
CHU    China Unicom Ltd       Wed, Mar 27  Before the Bell    N/A
CEO    Cnooc Ltd              Wed, Mar 27  -----N/A-----      N/A
ERJ    Embr-Emp Br de Aer S.A Wed, Mar 27  Before the Bell   0.46
E      ENI SpA ADR            Wed, Mar 27  -----N/A-----      N/A
UCOMA  UnitedGlobalCom        Wed, Mar 27  -----N/A-----    -3.35

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

BNG    Benetton Group         Thu, Mar 28  Before the Bell    N/A
CAG    ConAgra Foods, Inc.    Thu, Mar 28  Before the Bell   0.30
EN     Enel S.p.A.            Thu, Mar 28  -----N/A-----      N/A
LNR    LNR Property           Thu, Mar 28  -----N/A-----     0.87

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

HANA   Hanaro Telecom         Fri, Mar 29  -----N/A-----      N/A


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

Symbol  Company Name              Ratio    Payable     Executable

FELE    Franklin Electric CO      2:1      03/22       03/25
YDNT    Young Innovations         3:2      03/28       04/01
ESCA    Escalade                  3:1      03/28       03/29
DWL     DeWolfe                   3:2      03/28       03/29
TOL     Toll Brothers             2:1      03/28       04/01
JEC     Jacobs Engineering Group  2:1      04/01       04/02
NDN     99 Cents Only Stores      4:3      04/03       04/04
MKC     McCormick & Co            2:1      04/05       04/08


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

We have a number of economic reports out this week and with all
the press on the home builders lately Wall Street will be 
watching the Existing Home sales on Monday and the New Home 
sales on Wednesday.  The broader market will be focused on 
the durable orders and consumer confidence this Tuesday as well
as the host of reports this Thursday.

==============================================================
                       -For-           
Monday, 03/25/02
----------------
Existing Home Sales (DM))Feb  Forecast:  5.50M  Previous:   6.04M


Tuesday, 03/26/02
-----------------
Durable Orders (BB)      Feb  Forecast:   1.0%  Previous:    2.6%
Consumer Confidence (DM) Mar  Forecast:   98.0  Previous:    94.1


Wednesday, 03/27/02
-------------------
New Home Sales (DM)      Feb  Forecast:   880K  Previous:    823K


Thursday, 03/28/02
------------------
Initial Claims (BB)    03/23  Forecast:   375K  Previous:    371K
GDP-Final (BB)            Q4  Forecast:   1.4%  Previous:    1.4%
Chain Deflator-Final (BB) Q4  Forecast:  -0.2%  Previous:   -0.2%
Mich Sentiment-Rev. (DM) Mar  Forecast:   95.0  Previous:    95.0
Chicago PMI (ISM) (DM)   Mar  Forecast:   54.0  Previous:    53.1
Help Wanted Index (DM)   Feb  Forecast:    N/A  Previous:      47


Friday, 03/29/02
----------------
! Markets Are Closed on Friday !

Personal Income (BB)     Feb  Forecast:   0.2%  Previous:    0.4%
Personal Spending (BB)   Feb  Forecast:   0.4%  Previous:    0.4%



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 

ILA     Aquila Inc                 25.75     +0.95
SKX     Skechers Usa Inc           19.00     +1.70

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

BYD     Boyd Gaming Corp           14.08     +2.08
LMLP    LML Payment Systems        11.53     +1.18
AHMH    American Home Mtg Holdings 14.61     +1.10
BLUD    Immucor Inc                14.86     +1.86
CQB     Chiquita Brands Intl. Inc  16.65     +1.15

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

GUC     Gucci Group                93.78     +1.28
SCIO    Scios Inc                  31.36     +2.23
JH      John H. Harland Co         28.95     +1.45
PFCB    P F Chang's China Bistro   67.13     +1.33
COHU    COHU Inc                   28.84     +1.59
AMHC    American Healthways Inc    24.14     +2.55

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

NKE     Nike Inc                   59.45     -3.75
BMET    Biomet Inc                 27.53     -3.93
MHK     Mohawk Industries Inc      60.01     -1.29

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

SKE     Spinnaker Exploration Co   42.44     -1.91
HYDL    Hydril Company             24.22     -1.58
MCD     McDonalds Corp             27.76     -0.94
AOS     A O Smith Corp             26.10     -0.90
ESCA    Escalade Inc               67.00     -7.00




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