PremierInvestor.net Newsletter Monday 04-01-2002 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 ================================================================= To view this email newsletter in HTML format with imbedded charts and graphs, click here: http://www.PremierInvestor.net/htmlemail/d01b_1.asp ================================================================= In section one: Market Wrap: Energy's rise has many wondering Watch List: AMAT, EMLX, GD, KCIN, QLGC, and more... Play of the Day: Looking for a spark ******************************************************************* MARKET WRAP (view in courier font for table alignment) ******************************************************************* 04-01-2002 High Low Volume Advance/Decline DJIA 10362.70 - 41.24 10402.07 10263.68 1.05 bln 1444/1701 NASDAQ 1862.62 + 17.27 1865.37 1817.25 1.55 bln 1591/1975 S&P 100 576.68 - 1.19 577.87 570.46 Totals 3035/3676 S&P 500 1146.54 - 0.85 1147.84 1132.87 RUS 2000 504.50 - 1.96 506.46 498.40 DJ TRANS 2867.58 - 50.38 2919.96 2840.08 VIX 20.05 + 0.73 21.11 19.97 VXN 36.45 + 0.17 39.60 36.45 TRIN 1.15 PUT/CALL 0.73 ******************************************************************* =========== Market Wrap =========== Energy's rise has many wondering Energy prices are on the rise as crude oil and natural gas prices have been on the rise in recent weeks. Tensions in the Middle- east are beginning to impact crude prices as May Crude Oil futures (cl02k) jumped to as high as $27.40/barrel today, levels not seen since October 2000 for this May contract. This has some market participants beginning to worry that a rise in oil prices could find Americans figuratively, if not literally "over a barrel" in the months to come. We've mentioned before that oil is much more vulnerable to higher price should tension's overseas come into play, and today's bombing in Jerusalem added to worries of a disruption in Mideast oil supply. It's my view however that oil prices aren't rising simply due to Mideast worries, but also a recovering economic environment. Natural Gas futures are also on the rise and this energy commodity is very much an "at home" (not impacted by overseas imports to the U.S.) source of energy here in North America where demand can build based on weather patterns (hot or cold) or industrial activity. Its price is more dependent on demand here at home or at least North America and is not a commodity where supply is at risk to disruptions taking place in the Middle-east. Today's May Natural Gas futures (ng02k) close at $3.53/mmbtu was the highest close for this contract since August of last year when Natural Gas prices had been under selling pressure, despite the onset of winter weather. While we can't entirely discount higher oil prices as being attributable to Middle-east tensions, the higher Natural Gas prices are also a sign perhaps that the economy is truly heating up. This morning's ISM Index for March rose to a robust 55.6% (23- month high) reading versus the previous reading of 54.7% and expectations for a modest gain of 54.8%. Readings above the 50% mark suggest an expanding manufacturing sector while reading below that level indicate the factory sector is contracting. The ISM data had been reading below the 50% level for 18 months until last February's reading. The ISM data seemed to get a lukewarm response from the market earlier today, but by sessions end the markets had clawed their way back with the Dow Industrials recapturing roughly 100 points of a 150 point loss to finish down just 41 points at 10,362. The broader S&P 500 Index (SPX.X) did manage to trade in fractionally positive territory late in the session, but finished just shy of Thursday's close at 1,146. The tech-heavy NASDAQ Composite (COMPX) gapped lower at the open, but traded strong into the close and pounded out a 17 point gain (+0.9%) to finish at 1,862. Helping bolster a reversal from the morning lows was Merrill Lynch's chief economist Bruce Steinberg upping his 2002 gross domestic product and earnings estimates on the belief that the U.S economy is outperforming even the most optimistic expectations thanks to the massive fiscal and monetary stimulus from the Fed. Many economists are now forecasting GDP to rise to 3.2% in 2002, about half a percentage point above prior forecasts and S&P 500 operating EPS are seen increasing by 21% in 2001 and 19% in 2003 as strong productivity growth is expected to lead to wider profit margins. No fooling! So "rosy" were today's economic numbers that Banc of America upgraded the communications equipment group on the belief the worst is in the past, even as the firm said it was expecting only a marginal improvement over the next few quarters. To me (Jeff Bailey) today's Banc of America call was a "lock in the gains on your shorts" type of call on stronger-than-expected ISM data. Among the companies upgraded were Cisco Systems (NASDAQ:CSCO) $17.52 +3.48%, Ciena (NASDAQ:CIEN) $9.37 +4.11% and Juniper Networks (NASDAQ:JNPR) $13.23 +4.8% (see charts below) along with ONI Systems (NASDAQ:ONIS) $6.54 +5.99%, Lucent Technologies (NYSE:LU) $4.81 +1.69%, Nortel Networks (NYSE:NT) $4.63 +3.1% and Tellabs (NASDAQ:TLAB) $10.43 -0.38%. Cisco Systems Chart - Daily Interval If a bull is going to be looking long in the communications equipments area, then Cisco Systems (NASDAQ:CSCO) is the first place to be looking. I'd expect resistance to be rather formidable at the $18 level as there's still plenty of overhead supply to eat through at the $18-$20 range. If my arm were being twisted and I "had" to buy one of the communications equipment stocks, then I'd put my money on Cisco (CSCO), but follow it with a stop at $15.90. Should the stock of Cisco (CSCO) trade near $20 and we haven't seen any bullishness from the "service" providers like AT&T (NYSE:T), WorldCom (NASDAQ:WCOM), QWest (NYSE:Q), SBC Communications (NYSE:SBC) or others, then I'm an eager seller. Ciena Corporations (NASDAQ:CIEN) There have been a lot of "bottoms" bought in shares of Ciena (NASDAQ:CIEN) in recent months. The stock is about as volatile as they come and the weak at heart need not apply. The first sign of any real technical strength would be the stock's ability to break above the 50-day moving average of $9.86. It looks like bears were licking their chops at the last rally to this moving average back in early January at the $17 level and lack of bullish sponsorship found the stock considerably lower and trading new lows. Juniper Networks (NASDAQ:JNPR) $13.23 +4.8% While Cisco Systems' (CSCO) chart at least shows a series of higher lows, the technicals for Juniper (NASDAQ:JNPR) $13.23 +4.83% looks to be trying to put in a bottom at the $8.90 level. That's some serious downside heat for a bull trying to rebuild his/her account to take to the downside, but today's break above a trending lower 50-day MA could get a rally going to the $15 level. Personally, I'd feel more comfortable trading bullish in Cisco Systems (CSCO) and risking a stop to $15.92. Keep an eye on the telecom service providers I'm a bit skeptical of today's bullish call out of Merrill's telecom-equipment analysts, as I just don't see bullishness coming from the telecom service providers. With many of the providers still cutting back their capital expenditure budgets in order to try and get some type of earnings growth to the bottom line, I think the technicals in the equipment providers reflect that of tentativeness by the bulls. Tonight, Qwest Communications (NYSE:Q) $8.00 -2.67% will hold a conference call to discuss its annual report on Form 10-K which was filed with the SEC earlier today. The "brief" call (the company's words, not mine) began at 06:00 PM ET. Investors can access a webcast (live and replay) of the call at www.qwest.com/about/investor/meetings. Tomorrow morning I'd be watching the stock rather closely if you were looking to play any of the equipment stocks from Merrill's call. Earnings and orders Tomorrow before the opening of trading, subscribers that are perhaps trading bullish our play list in retailer Kohl's (NYSE:KSS) $70.42 -1.02% may want to keep an eye on fellow retailers Best Buy (NYSE:BBY) and Circuit City (NYSE:CC). While both of these stocks are "electronic retailers" and Kohl's is more of an "apparel retailer" their earnings before the bell could have an impact on the S&P Retail Index (RLX.X) 939 -1.58%, which has started to trade lower off of previously mentioned resistance at 960. In our "Market Wrap" http://www.PremierInvestor.net/markets/marketwrap/032702_1.asp on Wednesday, March 27th, we discussed the technicals at play in the RLX.X and how it could drag on Kohl's 52-week high set that day at $72.00. A strong number and bullish response to BBY and CC earnings could get things turned around in the group. Also on the earnings docket tomorrow morning is shares of Tenet Healthcare (NYSE:THC) $67.36 +0.5% (second largest investor-owned healthcare services company in the U.S.). Traders in our bullish play in Oxford Health (NYSE:OHP) $41.62 -0.40% and Cardinal Health (NYSE:CAH) $71.83 +1.32% want to see a strong number from THC. Analysts are looking for TCH to earn $0.82 a share for the latest quarter, which would be approximately 36% above year-ago earnings of $0.60 a share. Than at 10:00 AM EST, economic data to be released includes Factory Orders, which is expected to show a 0.6% increase in February. Due out at the same time is the ISM services data expected to come in at 57%. After the bell news Tonight's after-the-bell "news" is rather tame. Shares of e- business software developer BroadVision (NASDAQ:BVSN) $1.72 - 0.57% were halted for news pending, when the company later warned that it expected Q1 revenues to range between $29-$32 million, versus consensus estimates of $40.1 million. Once opened back up for after-hours trading, the stock sunk to $1.50 (-12.7% from close). This stock is no longer on the radar screens of institutions, but could hint of how tough business is in this part of the software market. Shares of biotech ImClone Systems (NASDAQ:IMCL) $25.05 +1.70% edged down 24 cents to $24.81 in after-hours trading after releasing its Form 10-K filing with the SEC. The company reported Q4 (December) losses of $0.42 a share, which was 13- cents worse than the Multex consensus for a loss of $-0.29 a share. Revenues were $2.3 million versus the $3.7 million consensus. In the storage area, StorageTek (NYSE:STK) $22.30 +4.01% and Electronic Data Systems (NYSE:EDS) $57.11 -1.5% announced extension and expansion of an existing 7-year contract. STK will continue to outsource to EDS a portion of its IT infrastructure, application maintenance and support. The value of the contract is more than $300 million over 10-years with approximately 300 STK employees being offered positions with EDS. Storage Networking World conference Speaking of storage, the Storage Networking World conference begins tomorrow. Among the companies scheduled to present are Brocade Communications (NASDAQ:BRCD) $28.46 +5.4%, Hewlett Packard (NYSE:HWP) $17.90 -0.22%, IBM (NYSE:IBM) $102.86 -1.09%, Microsoft (NASDAQ:MSFT) $60.38 +0.11. Sometimes things are said that are interpreted various ways (good and bad) during these conferences. I'll look for any "blurbs" that may come across the wire during the trading session to see if anything interesting is said about the future of their business. Never a dull moment is there? Jeff Bailey ================================================================== 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 --------------------------------- Applied Materials - AMAT - close: 55.52 change: +1.25 WHAT TO WATCH: Chip equipment stocks have displayed impressive relative strength lately, some of which appear to be gaining momentum. NVLS (currently on our Play List) and KLAC are threatening to break out, while AMAT has actually moved to near- term highs. The stock spent the month of March consolidating under the $55 level. Today it pushed over $55 and closed at levels not seen since last June. This move triggered a double- top breakout on the p-n-f chart. The semiconductor index (SOX.X) closed above 600 today, which is bullish for the sector. This could clear the way for a test of recent highs near 640. When considering entries look for a bounce from $55 or a move over today's high of $55.90. --- Emulex - EMLX - close: 34.68 change: +1.75 WHAT TO WATCH: EMLX has risen sharply since it bounced from the bottom of its ascending channel on March 19th. This level also coincided with bullish support on the p-n-f chart. A case could be made that the stock is overextended in the near-term, but today's move over the top of the channel has us feeling bullish. Shares moved higher with other storage stocks (SNDK, BRCD, and QLGC are among the strongest) and tacked on 5.3%. This created a double-top breakout on the p-n-f chart. Traders can wait for a move over today's high of $34.95 to offer an entry point or target dips to $33. --- General Dynamics - GD - close: 95.98 change: +2.03 WHAT TO WATCH: Owing perhaps to growing tensions in the mid-east, the DFX.X defense index added 1.55% today to close at an all-time high. GD has been flirting with the $96 level recently and closed just under that level today. Interestingly, today's high was $96.80. That's exactly where last Wednesday's rally topped out. Traders can consider bullish positions on a move above this level, while those with a more aggressive approach may want to enter on a close above $96. If you prefer a stock that has already broken out, you might also want to take a look at ATK. That stock has performed nicely since breaking over $100 and could offer a decent entry on a pullback. The MACD does look encouraging for GD. --- KPMG Consulting - KCIN - close: 21.00 change: +0.80 WHAT TO WATCH: While its parent company, KPMG LLP, is one of the big accounting firms that is sure to see a host of new business with the imminent demise of Arthur Anderson, KCIN is looking strong as well. The company plans to change its name soon but in the mean time they too might see new business as companies may choose to use someone else besides Andersen for their consulting needs. Today the stock rallied nearly 4% on strong volume of 3M after an upgrade from Wachovia. The MACD is looking bullish as it begins to curl higher, and daily stochastics are heading higher with plenty of room to move. Furthermore, the p-n-f chart is currently signaling a spread-quadruple breakout. The action point for potential entries is fairly straightforward. Look for a close above resistance at $21 or a move above the near-term high at $21.49. --- QLogic Corp - QLGC - close: 51.97 change: +2.45 WHAT TO WATCH: Two of the stronger looking tech sectors are semiconductors and storage. As a manufacturer of chips for storage networks, QLGC has its foot in both areas. The stock has performed well over the past week and looks like it may make a run at $57. We strongly considered QLGC as a play tonight, but in light of today's 5% gain we would like to see a pullback to the $50 level before it heads higher. Aggressive traders can target a move over today's high of $52.40, while a bounce from $50 would present a more conservative entry point. Keep an eye on the SOX.X, which broke over 600 today. Barring any major negative sector news we think it could make a run at the March highs near 640. ============= MORE TO WATCH ============= IDT - Broke over resistance at $20 on Thursday and continued higher today. Moved up 5% today on high volume. Today's move over $21 created a spread-triple top on the p-n-f chart. A bounce from $21 might be worth playing. TMCS - Ticketmaster has been tracing a steady pattern of higher highs while consolidating under resistance at $30. Look for a move above this level for a possible entry point. =============== Play-of-the-Day (bullish) =============== Cardinal Health - CAH - close: 71.83 change: +0.94 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) - ORIGINAL WRITE UP: March 22nd, 2002 - 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_rom 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. - Most Recent Update: March 28th, 2002 - The HMO.X health provider index finished with a 0.27% gain today. Nothing too exciting, but we like how it outperformed the Dow Jones and closed at another all-time high. End-of-quarter window dressing may have contributed to the index's 3% gain for the week. For its part, CAH continues to distance itself from previous resistance at $70. The MACD is rising but stochastics remain somewhat over extended. Today's intraday high was $72, and traders may want to consider going long if CAH closes above that level. On the other hand, a dip back to $70 could also yield an attractive entry point. The choice depends on your risk profile and trading strategy. We're expecting the HMO.X to trade to 520 in the near-term. If this turns out to be the case CAH should be able to move over $72. We continue to target the $77 level as our profit target for CAH. In the news, CAH announced an R&D agreement with DURECT Corp (DRRX) on Wednesday. - Play-of-the-Day Comments: April 1st, 2002 - CAH outperformed the Dow and added 1.32% today, while the HMO.X health provider index bounced back to finish in the green after falling to a low of 506. The stock is poised to break over resistance at $72. Tenet HealthCare (THC) announces earnings before the bell tomorrow morning. A positive reaction from Wall Street could boost the entire sector and push the stock over resistance. If the HMO heads higher tomorrow morning on the news, entries can be considered if CAH trades above $72. Picked on March 22nd at $70.05 Gain since picked: +1.78 Earnings Date 04/23/02 (unconfirmed) ================================================================= To stop receiving this PremierInvestor.net Newsletter, send email to Contact Support ================================================================= DISCLAIMER ================================================================= This newsletter is a publication dedicated to the education of stock traders. The newsletter is an information service only. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. The newsletter picks are not to be considered a recommendation of any stock but an information resource to aid the investor in making an informed decision regarding trading in stocks. It is possible at this or some subsequent date, the editors and staff of PremierInvestor.net may own, buy or sell securities presented. All investors should consult a qualified professional before trading in any security. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. PremierInvestor.net staff makes every effort to provide timely information to its subscribers but cannot guarantee specific delivery times due to factors beyond our control. Please read our disclaimer at: http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html ***************************************************************** ADVERTISING INFORMATION For more information on advertising in PremierInvestor.net Newsletter, or any Premier Investor Network newsletter please contact Contact Support. ***************************************************************** Copyright © 2001 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter Monday 04-01-2002 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/d01b_2.asp ================================================================= In section two: NetBulls Tech Stocks Stop Adjustment Update: CHKP, NVDA (shorts) Triggered Bearish Play: CVG Closed Bullish Play: BBH Closed Bearish Play: STK StockBottom Non-tech Stocks Triggered Bullish Play: HC 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 Play Updates =============== Stop Adjustments ---------------- Check Point - CHKP - cls: 29.50 chg: -0.90 stop: $30.51 *new* Security software stocks remain weak, and Israeli-based CHKP certainly didn't benefit from the escalating strife in that region. Although today's close under $30 is bearish, we suspect shares may try to fill in this morning's gap. We're lowering our stop to $30.51 in order to protect gains. --- NVIDIA - NVDA - close: 43.63 change: -0.73 stop: $44.01 *new* NVDA got slammed this morning after Barron's reported in their weekend edition that the company was in danger of losing market share. Shares came within a mere six cents of our profit target at $40.50, but rallied for the remainder of the day. Due to the strength of the rally we're lowering our stop to $44.01 (just above today's high), which should lock in a 9.4% gain. Triggered Short Play -------------------- Convergys Corp - CVG - close: 28.90 change: -0.67 stop: 30.51 The pattern of relative weakness continued today as CVG lost 2.26%. We can't find any news to explain it, but volume was once again very high (2.7M). Shares moved below our trigger at $28.99, thus initiating our short play with a stop at $30.51. If targeting new entries, look for a rollover from current levels or a move below today's low of $28.32. The entire area from $29.00, $29.50 to $30.00 should now be overhead resistance. =============== NB Closed Plays =============== Closed Long Play ================= Biotech HOLDRs - BBH - close: 121.85 change: +2.04 stop: 119.45 The BBH finished in the green today, but only after gapping below our stop at $119.45. Shares opened at $118.90 this morning, which stopped us out for a $1.10 loss. Previous excursions above or below the stock's ascending channel were short-lived. Although that may turn out to be the case with the recent decline, we didn't want to run the risk of getting caught in a breakdown. It's interesting to note that the stock successfully tested p-n-f support at $118 and daily stochastics are starting to turn up from oversold. Aggressive traders willing to speculate on a biotech bounce may want to consider going long on a move over the 50-dma at $121.11. However, with stocks like BGEN (-2.20%) consistently undermining strength in biotech behemoth AMGN (+2.86%), we'd rather step aside until the picture is clearer. Picked on February 20th at $120.00 Gain since picked: -1.10 Earnings Date N/A Closed Short Play ================= StorageTek - STK - close: 22.30 change: +0.86 stop: 22.05 We wondered this weekend whether STK has beginning to gain some bullish momentum. The answer after today's move over the 50-dma and resistance at $22 seems to be a resounding "yes." Shares gained 4.0% and mirrored similar gains by BRCD, EMLX, and SDNK. Last Friday's strength could have been attributed to last-minute dressing, but there's no such excuse to explain today's move. Bullishness stemming from EMC's positive comments last week may be continuing to boost the sector. Today's move to near-term highs is a bullish development for STK and we wouldn't be looking to go short at this time. As a matter of fact, EMLX and BRCD have broken out of their descending channels and look like possible bullish candidates. By the looks of the group you would not have guessed that UBS Warburg had downgraded EMC today. Picked on March 22nd at $20.91 Change since picked: -1.14 Earnings Date 04/23/02 (unconfirmed) ================================================================= AT Active Trader/Non-tech plays ================================================================= Triggered Long Play ------------------- Hanover Compressor - HC - close: 18.21 change: +0.22 stop: 16.74 HC opened above $18 today and spent the remainder of the session above that level. A late-day rally was sufficient to push shares above our trigger at $18.26. Now that we're long on HC, our stop is at $16.74. Traders still looking for an entry may want to target dips to $18 but we like the stock at current levels. ================== 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 SCM Swisscom Ag ADS 30.56 +0.66 SAH Sonic Automotive Inc 31.10 +1.12 TESOF Tesco Corp 13.14 +0.72 TSCO Tractor Supply Co 47.00 +1.00 ATU Actuant Corp 44.25 +1.10 --------------------------------------- Breakout to Upside (Stocks $5 to $20) --------------------------------------- Ticker Company Name Close Change VTS Veritas 18.28 +1.37 DLM Del Monte Foods Co 10.77 +1.04 GLYN Galyans Trading 16.35 +1.05 MRGE Merge Technologies Inc 8.10 +1.00 --------------------------------------- Breakout to Upside (Stocks over $20) --------------------------------------- Ticker Company Name Close Change CEY Certegy Inc 40.79 +1.09 HAR Harman Intl. Industry Inc 50.70 +1.35 DFXI Direct Focus Inc 39.39 +1.34 VARI Varian Inc 39.23 +1.29 BBOX Black Box Corp 51.87 +3.45 CACI Caci Intl. Inc 38.18 +3.07 ------------------------------------------- Breakout to Downside (Stocks over $20) ------------------------------------------- Ticker Company Name Close Change WMT Wal-Mart Stores Inc 59.56 -1.74 HIT Hitachi Ltd 69.04 -4.51 GT Goodyear Tire & Rubber 23.70 -1.87 URS URS Corp 30.50 -1.20 SRC Sierra Pacific Resources 36.90 -17.20 ----------------------------------------- Recently Overbought With Bearish Signals (Stocks over $20) ------------------------------------------- Ticker Company Name Close Change TUP Tupperware Corp 22.39 -0.36 ================================================================= To stop receiving this PremierInvestor.net Newsletter, send email to Contact Support ================================================================= DISCLAIMER ================================================================= This newsletter is a publication dedicated to the education of stock traders. The newsletter is an information service only. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. The newsletter picks are not to be considered a recommendation of any stock but an information resource to aid the investor in making an informed decision regarding trading in stocks. It is possible at this or some subsequent date, the editors and staff of PremierInvestor.net may own, buy or sell securities presented. All investors should consult a qualified professional before trading in any security. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. PremierInvestor.net staff makes every effort to provide timely information to its subscribers but cannot guarantee specific delivery times due to factors beyond our control. Please read our disclaimer at: http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html ***************************************************************** ADVERTISING INFORMATION For more information on advertising in PremierInvestor.net Newsletter, or any Premier Investor Network newsletter please contact Contact Support. ***************************************************************** Copyright © 2001 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
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