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Daily Newsletter, Monday, 04/01/2002

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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
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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)
 






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DISCLAIMER
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of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding trading in stocks. It
is possible at this or some subsequent date, the editors and
staff of PremierInvestor.net may own, buy or sell securities
presented. All investors should consult a qualified professional
before trading in any security. The information provided has
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guaranteed as to accuracy or completeness. PremierInvestor.net
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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 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


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