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Daily Newsletter, Monday, 04/22/2002

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PremierInvestor.net Newsletter                 Monday 04-22-2002
                                                  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:      E.T. Phone Home!
Watch List:       AOL, BGEN, INVN, RKY, TOL, and more...
Play of the Day:  Not a bad start

*******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************* 
        04-22-2002          High     Low     Volume Advance/Decline
DJIA    10136.43 -120.68 10256.00 10109.24  1.17 bln   1199/1970
NASDAQ   1738.68 - 38.15  1779.18  1747.65  1.70 bln   1247/2331
S&P 100   550.04 -  9.75   559.79   548.91   Totals    2446/4301
S&P 500  1107.83 - 17.34  1125.17  1105.62
RUS 2000  510.93 -  6.47   517.40   510.50
DJ TRANS 2723.22 - 73.65  2796.14  2717.24
VIX        21.72 +  1.42    21.72    21.57
VXN        39.07 -  0.28    39.07    39.07
TRIN        1.99
PUT/CALL    0.68
*******************************************************************

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

E.T. Phone Home!

Some traders and investors are beginning to feel as if extra 
terrestrials have taken over the stock market as the words 
"phone" and "home" were today's most talked about sectors.  
DIVERGENCE has been a daily occurrence recently, with one 
consistency being telecom stocks serving as the falling star, 
while today's sector strength comes from the homebuilders after 
D.R. Horton (NYSE:DHI) $24.94 +2.42% handily beat earnings 
estimates of analysts.

Today's debacle in telecom came from WorldCom (NASDAQ:WCOM) $4.01 
-32.94% after Friday evening's earning's warning.  Not knowing 
where support exists as the stock breaks to new lows, a 
retracement bracket anchored to December's highs and the $0.00 
level gives hint at $3.00 where bulls will assess risk to.

WorldCom Chart - Daily Interval



Friday's warning on earnings from WCOM and then this morning's 
follow on warning from Ericsson (NASDAQ:ERICY) $2.73 -22.8% was 
more than most telecom bulls could face on a Monday morning.  
Later in the day, S&P cut WorldCom's corporate debt to BBB from 
BBB+.

While some telecom bulls feel "things can't get any worse," 
telecom bears are waiting to see what Verizon (NYSE:VZ) $40.00 -
4.76% has to say tomorrow morning.

Verizon Communications Chart - Daily Interval



Shares of VZ closed at a new 52-week low today and threaten their 
all time lows of $39.06 set back on 08/09/00 since moving to the 
New York Stock exchange.  On April 9th, VZ gave updated guidance 
for Q1 earnings of $0.72 and that's what analysts expect tomorrow 
morning.  The company announced it had planned on reducing debt 
expenses with a recent sale of $2.8 billion in wireline asset 
sales as well as some sales of non-strategic assets.

Dow Jones US Home Construction Index Chart - Daily Interval



A better-than-expected earnings report from homebuilder DR Horton 
(NYSE:DHI) of $88.9 million, or $0.64 a share, easily beat Wall 
Street estimates for the company to earn $0.64 a share.  Latest 
quarterly results had the company saying revenues climbed more 
than 70% and that the company is on track to "rake in" revenue of 
$8 billion in fiscal 2003 and $10 billion in fiscal 2004, (up 
from $4.5 billion in 2001) has the company looking to close 
50,000 new home sales in 2004, citing a current backlog of homes 
under contract as of the end of March totaling $2.7 billion or 
12,398 homes, considered an all-time high for the company and up 
28% compared with the year-ago period.

Our recently profiled bullish play in shares of Pulte Homes 
(NYSE:PHM) $52.06 +3.84% undoubtedly benefited ahead of tomorrow 
morning's scheduled earnings and its probably no coincidence to 
subscribers that PHM looks strikingly similar (in its chart) to 
that of the Home Construction Index (DJUSHB).

Pulte Homes, Inc. Chart - Daily Interval



Shares of Pulte Homes (PHM) look strong into tomorrow morning's 
earnings.  Investors got a bit of a "preview" to potential 
earnings strength and the group responded.  PHM bulls like to see 
the stock back above the $50 level, which may have well been some 
"psychological" resistance by an old bull taking some profits.  
This is a good stock for housing bulls to be trading as they can 
easily measure the stock's technicals against the Home 
Construction Index (DJUSHB).

For the homebuilders, the question remains if the Feds recent 
comments about not being overly eager to raise rates will be the 
continued catalyst for lower/flat mortgage rates that could 
continue to lure buyers to purchase a new home.  At the same 
time, consumer confidence may be taking a bit of a hit as the 
NASDAQ continues to slowly drift lower.  Many economists believe 
that a great part of consumer confidence is tied to NASDAQ 
performance.

Notable homebuilders hitting new 52-week highs today were Toll 
Brothers (NYSE:TOL) $27.90 +2.23%, KB Home (NYSE:KBH) $48.88 
+5.29% and Ryland Group (NYSE:RYL) $103.64 +4.16%.

After hours earnings

Programmable logic/semiconductor stock Altera (NASDAQ:ALTR) 
$21.65 -3.34% reported Q1 net of $0.04 a share, which was a penny 
better than consensus, but well below year-ago earning of $0.16 a 
share.  Sales fell 40% to $171.96 billion, which was better than 
consensus estimates for $168.3 million.  On the company's 
conference call, ALTR said Q2 revenue should be up in the mid-
single digit range sequentially.  Since Q1 revenue was about $172 
million, then a 5% sequential increase would be roughly $180.6 
million, which would be slightly better than consensus of $178 
million.  Shares of Altera (ALTR) edged lower at $21.55 in after-
hours trading.

Clinical laboratory testing company Laboratory Corporation 
(NYSE:LH) $99.10 -1.49% set a new all-time high today at $101.50 
and then reported Q2 earnings of $0.93 a share, which was a penny 
better than consensus estimates.  Revenues of $590 million were 
fractionally higher than consensus of $589.5 million.

Internet Service Provider (ISP) EarthLink (NASDAQ:ELNK) $9.53 -
4.6% reported a Q1 earnings loss of $0.13 a share, which 2-cents 
shy of consensus looking for a loss of $-0.11 a share.  The 
company then guided analysts lower on its June quarter (Q2) 
expecting revenues of $338-$342 million and a loss of $0.08-$0.11 
versus consensus estimates of $349 million revenues and $-0.06 
loss per share. Shares of ELNK fell to $8.94 in after-hours 
trading.

That reminds me

In Thursday evening's wrap, I profiled a bearish play in shares 
of Yahoo! Inc. (NASDAQ:YHOO) $14.14 -4.2% after eBay 
(NASDAQ:EBAY) $53.68 -1.3% has mentioned that ad revenues had 
been falling off in the most recent quarter.  That had shares of 
YHOO breaking below an upward trend and looking lower.  The stock 
has seen two days of declines and now approaches our "short-term 
target" of $13.53.

Yahoo! Inc. Chart - Daily Interval



Shares of YHOO didn't make it to our bearish play list, but a 
couple of subscribers have asked for a quick update.  I'd look to 
capture some gains from the trade near-term if the stock were to 
trade the $13.55 level (just above $13.53 retracement) tomorrow 
and would snug a stop down to break-even in the trade for now.  
In after-hours trading, the EarthLink (ELNK) news didn't seem to 
have much impact on YHOO's trading as the stock was rather calm 
at $14.18 per share.

Cyclical watch

The Morgan Stanley Cyclical Index (CYC.X) closed below their 
trending higher 50-day moving average and closing right on our 
upward trend.  This marks the first close back below this 50-day 
MA since January 14th when the CYC.X edged lower two-days 
following that break, but then managed to consolidate and then 
power higher.  I don't see this as a "sky is falling" type of 
technicals, but bulls need to be monitoring things closely here.  
We were stopped out of our bullish play in shares of Phelps Dodge 
(NYSE:PD) $37.25 -5.09% today and that stock now looks vulnerable 
to the lower part of upward regression at/near $36.51.  

Also weak today was fellow cyclical and Dow component Alcoa 
(NYSE:AA) $35.71 -4.72% as the stock closed below its trying-to-
round-flat 200-day MA of $36.29.  

Both PD and AA fell rather sharp today and action here hints that 
some cyclical bulls may be rotating back to the sidelines ahead 
of Friday's First Quarter GDP numbers.  Economists are looking 
for a 4.5% growth rate but the cyclical action hints that the 
number might be weaker than expected.

If the GDP data is weak, then the deep cyclicals may be 
vulnerable to a pullback, but technology investors may be feeling 
further heat and sitting on Mercury (closest planet to the sun).

ET phone home

Jeff Bailey
Senior Market Technician

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


America Online - AOL - close: 19.87 change: -1.06

WHAT TO WATCH: Conspicuously absent from the recent rally in 
media stocks was AOL.  Its Time Warner cable division may be 
weighing heavily on the stock.  Shares of fellow cable providers 
COX, CMCSK, and ADLAC have all taken severe beatings in recent 
weeks over revenue and accounting concerns.  The technical 
picture for AOL is bearish as well.  Shares have been 
downtrending since November and are currently under psychological 
resistance/support at $20.  Traders looking to go short could do 
so at current levels with a stop just above $20 or above 
resistance at $22.  Those who need further bearish confirmation 
could wait for a break under the near-term low at $19, which 
would represent levels not seen since 1998.  Furthermore, a trade 
at $18.50 would create a double-bottom sell signal.  We 
considered adding AOL as a short play, but decided not to in 
light of the earnings announcement on Wednesday (after the bell).  
Short-term traders may want to consider playing AOL tomorrow, but 
be aware that the stock could be volatile ahead of earnings.




--- 

Biogen, Inc - BGEN - close: 41.90 change: -1.60

WHAT TO WATCH: BGEN recently fell below the $44 support level and 
is now trading at four-year lows.  If today's high-volume 3.7 
percent decline is any indication, the worst may be yet to come.  
In addition to the obvious technical damage this move also 
created a fresh double-bottom sell signal.  In terms of sector 
performance, the biotech index (BTK.X) is also looking weak.  
Friday's failed rally at 500 gave way to steep selling today.  A 
retest of support at 450 may be in order.  Traders could consider 
going short at current levels, although those who are less risk-
averse may want to wait for a failed rally to $44.  Due to the 
fact that BGEN is heavily oversold (as evidenced by the buried 
stochastics), we'd keep stops tight to avoid getting caught in a 
short-covering rally.  Note that BGEN announces earnings on 
Wednesday, before market.




---

Adolph Coors - RKY - close: 67.34 change: +1.30

WHAT TO WATCH: BUD, STZ, KO, PEP, and RKY have been strong in 
recent months, as investors eagerly pour beverage-related stocks 
into their portfolios.  All of the above look like decent long 
candidates, but RKY stands out as a particularly good way to play 
the group.  Shares have been consolidating under resistance at 
$68 and are threatening to move over that level.  The daily 
stochastics are moving higher from the lower band, indicating 
that RKY has room to move.  Entries can be evaluated on a move 
over $68, which would create a double-top p-n-f breakout.  




--- 

InVision Technologies - INVN - close: 33.53 change: +2.79

WHAT TO WATCH: Shares of INVN traded higher by 9 percent today 
ahead of Tuesday's earnings announcement.  The stock had been 
consolidating near the $30 level, just above bullish p-n-f 
support.  Barring a negative reaction to the earnings release, we 
think it may continue to move higher.  In addition to the 
successful test of p-n-f support, we also like how the MACD is 
curling higher from the oversold level.  We'd be looking for a 
near-term move to $37; although given enough time the $40 level 
isn't out of the question.  Conservative traders may want to wait 
until after their earnings announcement, which is expected 
tomorrow after the closing bell.




---

Toll Brothers - TOL - close: 27.90 change: +0.61

WHAT TO WATCH: Attentive PI readers may already know that we're 
feeling bullish on the homebuilding sector: PHM is currently 
featured as a long play on our Play List.  PHM benefited today 
from strength in the DJUSHB Home Construction index, which moved 
higher despite a weak broader market.  As a matter of fact, it 
posted the largest gain (over 2.5 percent) of any sector we 
watch.  From a technical perspective, it appears the DJUSHB may 
be just beginning a new leg higher.  The catalyst today was an 
extremely strong earnings report from DHI.  The index has been 
trading in an ascending regression channel since September, and 
looks to be heading higher from the bottom of that channel.  TOL 
has been uptrending in a similar pattern and looks ready to break 
out of a two-week consolidation.  Traders can target an intraday 
move over $28 or a close over today's high of $28.16.  We'd be 
looking for a near-term target of $30.25, near the top of the 
stock's ascending channel.  TOL presents at a Bear Stearns 
conference tomorrow, which could provide a catalyst for a move 
higher.  Traders need to keep an eye on TOL's fellow homebuilders 
earnings that come out this week too.





=============
MORE TO WATCH
=============

Continental Airlines - CAL - close: 26.05 change: -1.85

CAL dropped 6.6 percent today to close at levels not seen since 
late December.  This move also created a double-bottom breakdown 
on the p-n-f chart.  The next clear level of support is at $24.  
Aggressive shorts might want to consider taking positions at 
current levels.  We would not be surprised to see $20 eventually.

--- 

Vimpel Communications - VIP - close: 26.30 change: -2.40

Like most telecom stocks, VIP is stuck in a serious rut.  The 
stock is trading a near-term lows and is threatening to break
through the bottom of its descending channel.  Watch for a move 
below $26 but expect potential support (at least temporary) at 
the 200-dma near $23.25.



===============
Play-of-the-Day  (bearish)
===============

Cablevision Systems - CVC - cls: 25.80 chg: -1.91 stop: 29.01

Company Description:
Cablevision Systems Corporation is one of the nation's leading 
entertainment and telecommunications companies. Its cable 
television operations serve 3 million households located 
primarily in the New York metropolitan area. The company's 
advanced telecommunications offerings include its Lightpath 
integrated business communications services and its Optimum-
branded high-speed Internet service (source: company website)

- ORIGINAL WRITE UP: April 12th, 2002 -

Why We Like It:
Ever since ADLAC was taken to the woodshed on accounting 
concerns, cable stocks just can't seem to find a bid. In this 
post-Enron environment, investors flee the entire sector when a 
company utters those four deadly words: "off-balance-sheet debt." 
Not that the cable sector was a beacon of strength before the 
recent developments but the downdraft does appear to be stronger 
now. In the case of CVC, these concerns may or may not be well-
grounded, but Wall Street certainly seems to have a negative bias 
on the stock. Shares sold off sharply over the past few weeks and 
are currently trading at all-time lows. Technically, we like how 
the stock failed to rally back above $30 and proceeded to trade 
below the March 4th low. The p-n-f chart, daily stochastics, and 
MACD are very bearish as well. With no support levels below, it's 
hard to say where the CVC will finally find support. The p-n-f 
bearish vertical count is all the way down at $15. In terms of 
entries, we're going to use the "inside day" approach. If CVC 
trades below today's low of $26.25, we'll initiate this play with 
a stop at $30.06. However, since this is a high-risk play we're 
going to be a little more flexible with our entry price. If the 
stock goes higher from current levels and rolls over near the 10-
dma at $29, we might consider moving our "trigger price" higher 
in order to take advantage of the failed rally. Of course, we'd 
avoid going short if the stock rallies above $30. Our profit 
target would be a move to the $20 area.


- Play-of-the-Day Comments: April 22nd, 2002 -

Shares of CVC dropped sharply today as telecom weakness (courtesy 
of reduced guidance from WCOM and ERICY) spread to the cable 
sector.  The stock dropped well below our trigger at $26.24, 
which activated this short play with a stop at $30.06.  However, 
due to the recent trading pattern we're going to immediately move 
our stop lower.  CVC has near-term resistance just under the $29 
level, so we're placing the new stop at $29.01.  Traders still 
looking for entries may want to wait for a move below today's low 
of $25.56.  The close under $26 should bode well for the bears.

Picked on March 22nd at $26.24
Gain since picked:       +0.44
Earnings Date         05/14/02 (unconfirmed)
 






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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

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contact Contact Support.

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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 04-22-2002
                                                   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/d22b_2.asp
=================================================================

In section two:

StockBottom Non-tech Stocks
  Closed Bullish Plays:    PD, PDQ
  Closed Bearish Play:     IGT

High-Risk/High-Reward Stocks
  Triggered Bearish Play:  CVC

Split Trader               LH:   2-for-1 split announcement
                           YORW: 2-for-1 split update 

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)



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

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

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

Phelps Dodge - PD - close: 37.25 change: -2.00 stop: 38.49

Shares of PD traded sharply lower today ahead of Wednesday's 
earnings report.  The 5.09 percent decline violated our stop at 
$38.49, thus closing this play out with a loss of $1.75.  Volume 
was brisk, at 1.7M versus the 934K average.  Weakness in Phelps 
was reflected in the cyclical index (CYC.X), which dropped below 
its 50-dma.  Copper futures (hg02k) seem to have firmed up, which 
makes today's decline even more suspicious.  Continued divergence 
between PD and the price of copper would be decidedly bearish.

Picked on April 10th at $40.24
Gain since picked:       -1.75
Earnings Date         04/24/02 (confirmed)




--- 

Prime Hospitality - PDQ - close: 12.95 change: -0.03 stop: 12.84

PDQ was rangebound for most of today's session, but an intraday 
decline briefly took shares below our stop at $12.84.  This 
closed out our short play for a 69-cent loss.  We still like PDQ 
from a fundamental standpoint, and also find it interesting how 
the recent decline has come on lower volume.  However, the lack 
of bullish momentum indicates that shares may continue to 
consolidate near current levels.  A close over $13.60 could renew 
our interest in PDQ.

Picked on April 12th at $13.53
Gain since picked:       -0.69
Earnings Date         04/25/02 (confirmed)





  -------------------
  Closed Bearish Play
  -------------------

Intl Game Tech - IGT - close: 54.17 change: +0.42 stop: 56.45

It wasn't too surprising to see some short-covering in IGT after 
four straight days of losses.  The stock rallied as high as 
$55.11 intraday, but once again failed to maintain the $55 level.  
The lack of bullish conviction suggests that IGT may soon break 
to new near-term lows.  However, with earnings tomorrow morning, 
we're closing this play out as of today's close (per our strategy 
comments in earlier updates).  This represents a $0.77 gain from 
our original entry point.  We honestly don't expect a positive 
reaction, but the recent strong numbers from MGG and HET indicate 
that an upside surprise is certainly in the realm of possibility.  

Picked on April 17th at $54.94 
Gain since picked:       +0.77
Earnings Date         04/23/02 (confirmed)





==================================================================
High Risk / High Reward (HR) section
==================================================================

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

Triggered Short Play
--------------------

Cablevision Systems - CVC - cls: 25.80 chg: -1.91 stop: 29.01

Shares of CVC dropped sharply today as telecom weakness (courtesy 
of reduced guidance from WCOM and ERICY) spread to the cable 
sector.  The stock dropped well below our trigger at $26.24, 
which activated this short play with a stop at $30.06.  However, 
due to the recent trading pattern we're going to immediately move 
our stop lower.  CVC has near-term resistance just under the $29 
level, so we're placing the new stop at $29.01.  Traders still 
looking for entries may want to wait for a move below today's low 
of $25.56.  The close under $26 should bode well for the bears.





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

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

Laboratory Corp declares 2-for-1 stock split

In addition to today's Q1 earnings announcement, Laboratory 
Corporation of America (NYSE: LH) said that its Board of Directors 
had approved a 2-for-1 stock split.  

The split will take the form of a 100% stock dividend, and will be 
distributed on May 10, 2002 to stockholders of record on May 3, 
2002.

LH most recently split 2-for-1 in June 2001.  The stock has risen 
22.6% YTD, and is currently testing the critical $100 resistance 
level.

Shares closed at $100.60 on Friday.  For a current quote,
click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=LH


About the company
The first national clinical laboratory to fully embrace genomic 
testing, Laboratory Corporation of America Holdings has been a 
pioneer in commercializing new diagnostic technologies. As a 
national laboratory with annual revenues of $2.2 billion in 2001 
and over 19,000 employees, the Company offers more than 4,000 
clinical tests ranging from routine analyses to sophisticated 
molecular diagnostics. (source: company press release)

================
ST Split Updates
================

New Dates
---------

The York Water Company (NASDAQ:YORW) has finally approved a 
distribution date for the stock's 2-for-1 split.  The press
release put the distribution date as of Monday, May 20th, 2002
for shareholders on record as of May 10th, 2002.  This would
make the payable date Friday, May 17th.


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

E       E N I Spa ADR              75.85     +0.75
EXC     Exelon Corp                54.00     +0.55
MHK     Mohawk Industries          66.18     +1.68
TOL     Toll Brothers Inc          27.90     +0.61
HOV     Hovnanian Enterprises      31.13     +1.17

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

USAP    Universal Stain & Alloy    15.15     +2.27
MAXF    Maxcor Financial Group Inc  7.54     +0.51
SHOO    Steven Madden Ltd          19.22     +1.07
BEL     Bennett Environmental      19.96     +1.49

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

WLS     William Lyon Homes         25.95     +2.18
MU      Micron Technology          30.90     +1.40
LXK     Lexmark Intl.              60.40     +2.80
RNR     Renaissancere Holdings    115.06     +3.04
DFXI    Direct Focus Inc           43.97     +1.18
GPI     Group 1 Automotive         44.84     +2.61
TUES    Tuesday Morning Corp       26.63     +1.24

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

SBC     SBC Communications         31.66     -1.06
VZ      Verizon Communications     40.00     -2.00
CSX     CSX Corp                   35.01     -1.70
ZION    Zions Bancorp              54.60     -1.48
SEIC    SEI Investments Company    34.24     -1.90
SEE     Sealed Air Corp            44.66     -1.79

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

CX      Cemex Sa De Cv ADS         31.43     -0.28
TUP     Tupperware Corp            23.22     -0.95
ST      SPS Technologies           41.27     -3.63
PVSA    Parkvale Financial Corp    26.59     -0.87



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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
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