Option Investor
Newsletter

Daily Newsletter, Tuesday, 04/23/2002

HAVING TROUBLE PRINTING?
Printer friendly version
PremierInvestor.net Newsletter                 Tuesday 04-23-2002
                                                   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/d23b_1.asp
=================================================================

In section one:

Market Wrap:      Amazon.com beats estimates, then guides higher!
Market Sentiment: Why aren't investors scared?
Play-of-the-Day:  Welcome back...


-----------------------------------------------------------------
U.S. Market Numbers
-----------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
-----------------------------------------------------------------        
      04-23-2002           High     Low     Volume Advance/Decline
DJIA    10089.24 - 47.19 10177.13 10069.46 1.32 bln   1566/1588
NASDAQ   1730.29 - 28.39  1762.94  1723.93 1.74 bln   1633/1902
S&P 100   545.80 -  4.24   551.86   544.44   Totals   3199/3491
S&P 500  1100.96 -  6.87  1111.17  1098.94             
RUS 2000  510.29 -  0.64   512.06   509.53
DJ TRANS 2698.05 - 25.17  2723.32  2689.49
VIX        22.24 +  0.52    22.28    20.85
VXN        39.93 +  0.87    39.97    37.71
TRIN        1.17 
PUT/CALL    0.69

-----------------------------------------------------------------

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

Amazon.com beats estimates, then guides higher!

Bulls needed some type of "good news" today and perhaps this 
evening's better than expected earnings from online book retailer 
Amazon.com (NASDAQ:AMZN) $13.90 -2.86% and guidance higher will 
lift some spirits tomorrow morning.  If not the broader market, 
then at least the shares of Amazon.com.

After the closing bell, Amazon.com (AMZN) reported a Q1 net loss 
of $23 million, or $0.06 a share, which was 3-cents better than 
the consensus estimates.  Revenues rose 21% to $874 million 
versus year-ago sales of $700 million, which was also better than 
consensus estimates of $804 million.  

Amazon.com then guided analysts higher saying sales for Q2 are 
expected to be between $765 and $815 million, up 15% to 22% year 
over year, which is well above current consensus of $749.8 
million.  AMZN looks for pro forma operating income of between $5 
and $15 million versus consensus estimates for a net loss of 
$0.10 per share.  Shares of Amazon.com (AMZN) rose to $15.14 
(+8.9% from the close) in after-hours trading.

Amazon.com Chart - Daily Interval




It's always tough to say that after-hours trading is indicative 
of a higher open as all market participants are trading, but 
tonight's response from earnings looks favorable and if it holds, 
should have AMZN gapping above the 80.9% retracement level of 
$14.87 and giving bears in AMZN something to think about.  From 
there, I'd expect shorter-term bulls playing the earnings to sell 
strength near $15.95, which is close to our mid-point of 
regression.  For our play list, we'll be measuring tomorrow's 
volume and would like to see volume above the 15 million mark to 
hint that there is some interest in the stock going forward.

As of March 8th, there wasn't a lot of short interest in shares 
of AMZN.  As of March 8th, there were approximately 43.8 million 
shares short (undoubtedly has changed), which represented a short 
ratio of just 4.8 (meaning 4.8 days to cover) based on average 
daily volume of 9.1 million shares.

Speaking of short interest

Two days ago in Friday's wrap 
http://www.PremierInvestor.net/markets/marketwrap/041902_1.asp
 we mentioned that we felt shares of Cisco Systems (NASDAQ:CSCO) 
$14.01 -5.78%, might be on the list of a hungry bears dinner menu 
that played on the theme of "telecom-equipment" and still-being-
reduced capital expenditure budgets.  The thought was that Cisco 
(CSCO) was one of the few stocks in the networking group still 
trading above $5.00 and that may have had bears drawing the 
proverbial "bulls eye target" on CSCO's back.  Not to mention (as 
we did) that the stock was sitting right on upward trend and look 
suspect on a break lower.

Today, the bulls caved in like we thought they might and the 
stock got hit hard to the downside to close right on the mid-
point of our regression channel.  This type of action in a 
bellwether technology stock gives some insight as to what traders 
and other market participants are doing right now.  Bearish 
traders appear to be picking on stocks that are breaking trends 
and bulls seem rather willing to cave in and not risk some type 
of "earnings warning" or guidance lower next quarter's earnings.

Cisco Systems Chart - Daily Interval




I couldn't find any "news" on shares of Cisco (CSCO) that would 
have created a catalyst for today's decline, but the stock is 
trading per our previously described scenario of how bears might 
feed on the stock.  A short-term bearish trader would be well 
advised to snug down his/her stop to a profitable level or take 
some gains off the table near descending support of mid-
regression.

Cisco's (CSCO) 5.78% decline weighs heavy on the NASDAQ Composite 
(COMPX) 1,730 -1.61% and more importantly for NASDAQ-100 Trust 
(AMEX:QQQ) $33.01 -1.72% as the stock represents a 3.99% 
weighting in the trust (3rd heaviest weighted behind MSFT 10.61% 
and INTC 7.22%).  

Short interest on the rise!

Part of my recent reasoning or thinking that current action is 
very much a play by bears that are getting aggressive on the 
short side of things is a Wall Street Journal article today 
discussing how short interest on the New York Stock Exchange 
(NYSE) has risen to a record level this month, mostly being 
driven by hedge-fund selling.

The article, by Peter McKay, detailed that the number of short-
selling positions not yet close out, known as short interest, 
edged up 3% to 6.8 billion shares in the month through April 
15th, up from 6.6 billion shares on March 15th.

While short interest is often considered an indication of the 
level of skepticism in the market, short interest also reflects 
the number of shares that have yet to be repurchased to give back 
to lenders.  It is also thought be some as a good contrarian 
indicator, that also hints of an "overly bearish" market that 
could reverse sharply on any type of bullish news.  It is not a 
time to be complacent.

What I found most interesting and you might to is the stocks that 
were the most heavily shorted during the past month.  Any 
guesses?  The top 10 most heavily shorted stocks on the New York 
Stock Exchange (not the NASDAQ) were Lucent (LU), Nortel (NT), 
Hewlett Packard (HWP), Pfizer (PFE), General Electric (GE), Coca 
Cola (KO), Computer Associates (CA) (profiled as bearish in our 
play list), Conseco (CNC), Exxon/Mobil (XOM), Gap Inc. (GPS), 
Philip Morris (MO), Loral Space & Comm. (LOR), Home Depot (HD) 
and Pepsi (PEP).

Lucent (LU)?  Nortel (NT)?  Haven't these two stocks suffered 
enough?  Well, we did think that Nortel (NT) was a little 
"overextended" on its chart in the March 12th market wrap and 
perhaps the observation of fact made by the Wall Street Journal 
gives hint at just how hungry some bears are and that no stock, 
no matter how high or low in price it trades is fair game.

I will say, there are some stocks on the list were bears are 
definitely going to need a broad market round of selling to get 
them lower.  At least I think so.

One that I WAS in agreement on with bears was in Philip Morris 
(NYSE:MO) $54.95 +1.81% on the thought that higher YIELDS from 
bonds would make the stock less attractive.  I do remember 
profiling this stock as a longer-term put option trade at 
OptionInvestor.com back when the stock was trading at/near the 
$51.00 level.  Boy was I wrong (now by 8% and a quarterly 
dividend).  Today, shares of MO closed at a 52-week high, but 
still short of its all time high of $59.50.

What my being wrong and perhaps some other hedge funds being 
wrong (for now at least) may be saying is that the MARKET doesn't 
feel interest rates or bond YIELDS are headed higher anytime 
soon, or there's still some type of growth catalyst in play with 
big MO.  We must not discount the thought too that earnings are 
more "predictable/stable" and this may also be attracting bulls 
to the stock that has price moving higher.

Philip Morris Chart - Weekly Interval




I know that I probably mentioned MO back in January as a 
potential short candidate here on PI with the thinking that an 
economic recovery would have Treasury YIELDS turning higher and 
have bulls that had been "hiding out" in a more defensive stock 
like MO with a fat dividend selling the stock and turning to 
other names where growth prospects had more upside.  I think this 
is the same "scenario" that hedge funds have been shorting in 
recent weeks, but they look to be losing the battle of 
supply/demand just as I did at the $51 level.

MO still looks bullish and with a building short interest, could 
be a very good performer to the upside, as I don't think there 
are too many bulls that own the stock higher than current levels.  
Right now it looks like bulls are going to be targeting the all-
time highs of $59.50 and first sign of weakness would come on a 
break back below the $51 level.  If nothing else it could be an 
excellent stock to monitor going forward for technology bulls 
that want to see some rotation out of a "safe/defensive" stock 
that could signal rotation back toward "perceived" growth stocks.  
I won't argue the point that MO has been a "growth stock" in the 
past two years.

There's only one side of the trade to be on....

There's an old trader's saying that I like.  It says, "There's 
only one side of the trade to be on.  It's not the bullish side, 
it's not the bearish side, but the RIGHT side."

Computer Associates (NYSE:CA) $19.03 -1.65% was one of the 10 
most heavily shorted stocks on the NYSE as per the Wall Street 
Journal report, and this immediately has me on high alert.

Right now it would appear that hedge funds are thinking the same 
thing we are, but if they change their mind, then a bear will 
want to know at what level to be looking for.  Here's what I'm 
doing and thinking going forward.

Computer Associates Chart - Daily Interval




Tomorrow could be a "key day" for our bearish trade in Computer 
Associates (CA).  Evidently we're not the only traders looking 
for lower price action as the Wall Street Journal perhaps points 
out.  With fitted retracement on the stock, perhaps the recent 
support found near $18.32 come from retracement where some bears 
short at the $22 level are sitting and taking some profits.  To 
get the needed break we're looking for, I sure want to see a 
break below today's low (today was an "inside day") to get the 
ball rolling.  From there, it will most likely take trading below 
the 04/18 low of $18.24 to get the bulls to cave in as they 
assess risk to the $16.00 level.  The reason I "anchored" the 
base of retracement at $15.99 is this is a level where the MARKET 
wanted to close the stock two days in a row when the stock was in 
a free fall and marks a significant level of willing buyers.  
I've marked the 03/15 to 04/15 dates to give us the perspective 
of time frame as it relates to the Wall Street Journals 
indication of heavy shorting in CA.  A bear would NOT want to be 
short on a break above the $22.10 level as that could create a 
short squeeze in the stock and major gap to be filled to the 
upside.

Who knows!  We may use this observation to our benefit in coming 
sessions.  After all... "There's only one side of the trade to be 
on.  It's not the bullish side or the bearish side, but the right 
side!"  Right now, I think we're on the right side of the CA 
trade.

Jeff Bailey
Senior Market Technician

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

Why Aren't Investors Scared?
By Eric Utley

I can't figure out why the CBOE Market Volatility Index (VIX.X)
is trading where it is, especially after Tuesday's close.  The
same question can be asked of the Nasdaq-100 Volatility Index
(VXN.X).  I've read half a dozen explanations for why the VIX.X
is trading low, arguments for why this time is "different."
Arguments for why the low VIX.X isn't flashing warning signs.

I think that the VIX is, in fact, flashing warning signs.  My
opinion was strengthened after Tuesday's close.  In scanning
the major market averages, it's pretty easy to see that the
"Big Three" are sitting right on top of important support
levels.  For the Dow, that's 10,000.  The S&P at 1100.  And the
Nasdaq-100 at its February low, previously thought to be a
double bottom.

With the three looking like they're going to breakdown, and
no major put buying (Read: Higher VIX.X) to accompany that
threat, I think it's almost a given that they breakdown.  As
noted below, the VIX is lower now than it was in early February,
when the OEX was trading near what turned out to be a relative
low; the OEX closed there today.

The only major conflicting metric that I can find is the
Nasdaq-100 Bullish Percent, which flipped to bull confirmed
last week.  That flip hasn't done much to help traders this
week, as the NDX is lower by about 4.5 percent since
reversing into bull confirmed.  A breakdown below the NDX's
immediate support level should result in another reversal in
the bullish percent, back into a defensive market stance.

Of course the major market averages might not breakdown, in
which case investors are correct in not buying puts, thereby
driving the VIX higher by a substantial amount.  In any case,
we should know more in the days to come.  It should be an
interesting week from here.

-----------------------------------------------------------------

Market Averages


DJIA ($INDU)

52-week High: 11350
52-week Low :  8062
Current     : 10089

Moving Averages:
(Simple)

 10-dma: 10205
 50-dma: 10271
200-dma:  9941

S&P 500 ($SPX)

52-week High: 1316
52-week Low :  945
Current     : 1101

Moving Averages:
(Simple)

 10-dma: 1116
 50-dma: 1130
200-dma: 1132


Nasdaq-100 ($NDX)

52-week High: 2071
52-week Low : 1089
Current     : 1323

Moving Averages:
(Simple)

 10-dma: 1367
 50-dma: 1431
200-dma: 1502


Oil Service ($OSX)

The OSX was the day's best performing sector during Tuesday's
session.  The index finished 1.91 percent higher on the day.
Crude for June delivery was about 20 cents higher on the day.
Further fears of escalating Middle East tensions kept the
shorts fearful, and the buyers confident.

Sector leaders included Transocean (NYSE:RIG), Nabors (NYSE:NBR),
Cooper Cameron (NYSE:CAM), Varco (NYSE:VRC), and Tidewater
(NYSE:TDW).

52-week High: 136
52-week Low :  58
Current     : 105

Moving Averages:
(Simple)

 10-dma: 100
 50-dma:  97
200-dma:  85


Internet ($INX)

The INX was the worst performing sector Tuesday.  The index shed
4.89 percent for the day.  Earthlink's (NASDAQ:ELNK) blow up
pressured the group.

Sector losers included Earthlink, Inktomi (NASDAQ:INKT),
Ticketmaster (NASDAQ:TMCS), CMGI (NASDAQ:CMGI), Cisco Systems
(NASDAQ:CSCO), Juniper Networks (NASDAQ:JNPR), and Expedia
(NASDAQ:EXPE).

52-week High: 243
52-week Low :  76
Current     :  95

Moving Averages:
(Simple)

 10-dma: 102
 50-dma: 113
200-dma: 125

-----------------------------------------------------------------

Market Volatility

The VIX finished higher for the second consecutive session, but
still isn't revealing much in the way of fear.  Think of it this
way: The OEX is threatening to breakdown below its early February
lows; the VIX was trading above 25 in early February.

The VXN finished fractionally higher Tuesday, but still below the
40 level.  There's something magical about 40, but I haven't
figured it out yet.

CBOE Market Volatility Index (VIX) - 22.24 +0.52
Nasdaq-100 Volatility Index  (VXN) - 39.45 +0.39

-----------------------------------------------------------------

          Put/Call Ratio  Call Volume   Put Volume
Total          0.69        551,059       382,091
Equity Only    0.61        487,654       297,222
OEX            1.50         10,522        15,754
QQQ            0.59         34,682        20,380
 
-----------------------------------------------------------------

Bullish Percent Data

           Current   Change   Status
NYSE          65      + 0     Bull Confirmed
NASDAQ-100    42      - 2     Bull Confirmed
DOW           53      + 0     Bear Alert
S&P 500       68      - 1     Bull Correction
S&P 100       63      - 1     Bear Alert

Bullish percent measures the number of stocks in an index 
currently trading on a buy signal on their point and figure 
chart.  Readings above 70 are considered overbought, and readings 
below 30 are considered oversold.

Bull Confirmed  - Aggressively long
Bull Alert      - Cautiously long
Bull Correction - Pause or pullback in upward trend
Bear Alert      - Take defensive action if long
Bear Confirmed  - High risk if long, good conditions for shorting
Bear Correction - Pause or rebound in downtrend

-----------------------------------------------------------------

 5-Day Arms Index  1.27
10-Day Arms Index  1.34
21-Day Arms Index  1.36
55-Day Arms Index  1.23

Extreme readings above 1.5 are bullish, and readings below .85 
are bearish.  These signals don't occur often and tend be early, 
but when the do, they can signal significant market turning 
points.

-----------------------------------------------------------------

Market Internals

        Advancers     Decliners
NYSE      1573           1602
NASDAQ    1626           1899

        New Highs      New Lows
NYSE      162             36
NASDAQ    164             63

        Volume (in millions)
NYSE     1,312
NASDAQ   1,959

-----------------------------------------------------------------

Commitments Of Traders Report: 04/16/02

Weekly COT report discloses positions held by small specs
and commercial traders of index futures contracts at the 
Chicago Mercantile Exchange and Chicago Board of Trade. COT data 
can be found at www.cftc.gov.

Small specs are the general trading public with commercials being 
financial institutions. Commercials are historically on the 
correct side of future trend changes while small specs tend 
to be wrong.  

S&P 500

The spread between S&P commercials and small traders narrowed
during the most recent reporting period.  Commercials added a
few more longs than shorts, resulting in a small reduction in the
group's net bearish position.  Meanwhile, small traders added
quite a few short positions, coming off of the group's yearly
high in bullishness.

Commercials   Long      Short      Net     % Of OI 
04/02/02      313,294   406,337   (93,403)  (13.0%)
04/09/02      320,101   411,075   (90,974)  (12.4%)
04/16/02      322,578   411,245   (88,667)  (12.1%)

Most bearish reading of the year: (111,956) -   3/6/01
Most bullish reading of the year: ( 36,481) - 10/16/01

Small Traders Long      Short      Net     % of OI
04/02/02      149,449     43,139  106,310     55.2%
04/09/02      151,237     47,678  103,559     52.1%
04/16/02      150,529     50,424  100,105     49.8%

Most bearish reading of the year:  36,513 - 5/01/01
Most bullish reading of the year: 107,702 - 3/26/02
 
NASDAQ-100

Nasdaq commercials grew less bearish during the most recent
reporting period.  The group added a number of long positions,
while maintaining last week's short position.  Net, however, the
group is still bearish.  Small traders went in the opposite
direction by adding more shorts than longs, for a decrease in
the group's net bullish position.

Commercials   Long      Short      Net     % of OI 
04/02/02       26,211     31,840    (5,629)   (9.7%)
04/09/02       28,985     35,221    (6,236)   (9.7%)
04/16/02       32,024     35,723    (3,699)   (5.5%)

Most bearish reading of the year: (15,521) -  3/13/01
Most bullish reading of the year:   7,774  - 12/21/01

Small Traders  Long     Short      Net     % of OI
04/02/02       10,615     7,769     2,846     15.5%
04/09/02       11,640     8,353     3,287     16.4%
04/16/02       12,458    10,572     1,878      8.2% 

Most bearish reading of the year:  (9,877) - 12/21/01
Most bullish reading of the year:   8,460  -  3/13/01

DOW JONES INDUSTRIAL

Dow commercials grew less bullish during the most recent reporting
period by reducing their number of longs and increasing their
number of shorts.  The group's net bullish position dropped by
about 1,100 contracts.  Small traders added slightly more longs
than shorts for a reduction in the group's net bearish position.

Commercials   Long      Short      Net     % of OI
04/02/02       18,717    12,549    6,168     19.7%
04/09/02       19,393    13,445    5,948     16.7%
04/16/02       19,080    14,267    4,813     14.4% 

Most bearish reading of the year: (8,322) -  1/16/01
Most bullish reading of the year: 15,135  - 10/16/01

Small Traders  Long      Short     Net     % of OI
04/02/02        5,192     9,007    (3,815)   (26.9%)
04/09/02        5,459     9,340    (3,881)   (26.2%)
04/16/02        5,644     9,448    (3,804)   (25.2%) 

Most bearish reading of the year:  (8,777) - 10/12/01
Most bullish reading of the year:   1,909  -  1/16/01

-----------------------------------------------------------------


===============
PLAY-of-the-Day  ((New BEARISH play))
===============

Broadcom Corp - BRCM - close: 35.46 change: -1.44 stop: *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. (source: company press release)

Why We Like It: 
After a short hiatus, it's time to welcome back BRCM to our Play 
List.  We closed out a bearish play on the stock last Monday, 
ahead of the April 17th earnings report.  Despite reporting a 
narrower Q1 loss than was expected, BRCM sold off after failing 
to break though near-term resistance at $39.  This level also 
roughly coincides with the top of the stock's descending 
regression channel and the 200-dma at 38.40.  The past two days 
of declines confirmed the bump off the channel and also did some 
technical damage in the form of a break under the 50-dma.  
Today's 3.9 percent loss created a three-box reversal on the p-n-
f chart, and the daily stochastics and MACD histogram are looking 
bearish as well.  In terms of entry points, we'd like to see BRCM 
trade below $35 before going short.  A glance at the 60 minute 
chart reveals that this level previously acted as resistance and 
previous resistance is typically support.  The $35 level could 
also be support since it is the bottom of the gap up BRCM saw on 
4/16/02.  As one side of a gap, it technically becomes 
support/resistance.  We'll go short if BRCM trades at or below 
$34.84.  Our initial stop will be at $36.76, just above the 50-
dma.  We'd be looking for a move to the recent lows near $31, 
although the $32 level may also provide some support.  Traders 
looking to confirm bearish sector sentiment before entering 
should watch for the semiconductor index (SOX.X) to break below 
support at 550.  Given today's tepid reaction to the strong book-
to-bill number, we wouldn't be surprised to see a near-term move 
to the 200-dma at 538.

Picked on April xth at $xx.xx <- see text 
Gain since picked:      +0.00
Earnings Date        04/17/02 (confirmed)
 





=================================================================
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                  Tuesday 04-23-2002
                                                    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/d23b_2.asp
=================================================================

In section two:

Net Bulls     
  New Bearish Play:      BRCM
  Bullish Play Updates:  AMAT, SNE, TTN
  Bearish Play Updates:  CA, SRNA

Stock Bottom / Active Trader
  Bullish Play Updates:  PHM, ISLE
  Bearish Play Updates:  PATH

High Risk/Reward
  Bullish Play Updates:  AMZN, GNCMA, HIG, PVN
  Bearish Play Updates:  CVC

Split Trader
  Stock Splits
                         LLL:  2-for-1 split announcement
                         ZRAN: 3-for-2 split announcement
                         MI:   2-for-1 split announcement 
                         SABB: 4-for-3 split announcement
                         ANE:  11-for-10 split announcement
Stock split update:      IFNY: 2-for-1 date annoucnement

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 (NB) Tech Stock section
==================================================================

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

  ----------------
  New Bearish Play
  ----------------

Broadcom Corp - BRCM - close: 35.46 change: -1.44 stop: *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. (source: company press release)

Why We Like It: 
After a short hiatus, it's time to welcome back BRCM to our Play 
List.  We closed out a bearish play on the stock last Monday, 
ahead of the April 17th earnings report.  Despite reporting a 
narrower Q1 loss than was expected, BRCM sold off after failing 
to break though near-term resistance at $39.  This level also 
roughly coincides with the top of the stock's descending 
regression channel and the 200-dma at 38.40.  The past two days 
of declines confirmed the bump off the channel and also did some 
technical damage in the form of a break under the 50-dma.  
Today's 3.9 percent loss created a three-box reversal on the p-n-
f chart, and the daily stochastics and MACD histogram are looking 
bearish as well.  In terms of entry points, we'd like to see BRCM 
trade below $35 before going short.  A glance at the 60 minute 
chart reveals that this level previously acted as resistance and 
previous resistance is typically support.  The $35 level could 
also be support since it is the bottom of the gap up BRCM saw on 
4/16/02.  As one side of a gap, it technically becomes 
support/resistance.  We'll go short if BRCM trades at or below 
$34.84.  Our initial stop will be at $36.76, just above the 50-
dma.  We'd be looking for a move to the recent lows near $31, 
although the $32 level may also provide some support.  Traders 
looking to confirm bearish sector sentiment before entering 
should watch for the semiconductor index (SOX.X) to break below 
support at 550.  Given today's tepid reaction to the strong book-
to-bill number, we wouldn't be surprised to see a near-term move 
to the 200-dma at 538.

Picked on April xth at $xx.xx <- see text 
Gain since picked:      +0.00
Earnings Date        04/17/02 (confirmed)
 




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

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

Applied Materials - AMAT - close: 25.90 change: -0.16 stop: 24.84

The chip sector was full of mixed messages today but the 
prevailing short-term trend downward carried the day and 
marked the fourth loss in a row for the SOX.  This shouldn't be 
too surprising with the Nasdaq hitting its fifth loss in a row.  
The chip index is approaching its April lows near 545 and we 
might see an oversold bounce soon.  If not, the sector looks to 
be headed to the 540 level where bulls might try to defend it at 
the 200-dma.  On a positive note, the semiconductor book-to-bill 
ratio came in today at 1.04.  This is the first time in a long 
time that the ratio has been above parity, which is a positive 
sign that business may truly be improving for the industry.  
Unfortunately, this positive development was overshadowed by the 
disastrous earnings report from LSCC.  They came out with 
earnings of -0.23 cents a share versus the quarter a year ago of 
+.10 cents a share.  Shares of LSCC fell $4.26 or 26 percent to 
$12.20 and cast a black cloud over the group.  Believe it or not, 
AMAT has been weathering the storm pretty nicely and is only 
moderately lower this week.  We would actually encourage a 
potential entry point if shares would retreat back to the $25.00 
level at which time we may alter our trigger price.  Currently, 
Premier is untriggered as AMAT has not traded at or above $27.20.  
Keep your eyes on the SOX.  If you have time, check out the PnF 
chart on AMAT.  You might be surprised.

Picked on April xth at $xx.xx <- see text
Change since picked:    +0.00 
Earnings Date        11/13/02 (not confirmed)
 



---

Sony Corp (ADR) - SNE - cls: 53.92 chg: -0.01 stop: 49.99 

You wouldn't have guessed it by SNE's closing price but the 
Japanese NIKKEI index rose over 200 points to close with a 1.82 
percent gain at 11722 today.  Shares of SNE did rally higher 
intraday but failed to maintain those gains as the ADR shares 
(those traded here in the States) sank back by the close with the 
weakness in the U.S. markets.  The stock still looks bullish and 
the MACD is still curling higher but the rate of ascension is 
rather slow at the moment.  Traders can consider new positions if 
SNE trades back above $54 but keep an eye on the NIKKEI.  The 
overseas markets might react negatively to the declines here at 
home today and that could affect SNE's opening price tomorrow.  
We are currently under the impression that SNE announces earnings 
on Thursday, April 25th.  Unfortunately, we have been unable to 
confirm this date.  Conservative traders might want to exit 
positions ahead of earnings (that means tomorrow) and then if 
earnings do come out and there is no disaster then traders could 
re-enter the play.  Considering the strength in the Japanese 
markets lately we're going to hold over with our stop at $49.99.

Picked on April 4th at $53.01
Gain since picked:      +0.91
Earnings Date        04/25/02 (unconfirmed)
 



---

Titan Corp - TTN - close: 21.83 change: -0.31 stop: 19.74

Finally!  We had been waiting for a little pull back in shares of 
TTN.  The stock has done well since we were triggered into it but 
we thought a little profit taking might be a good set up for the 
next leg higher.  The pull back Monday through today bounced at 
the stock's 10-dma and the $21.50 level.  We were hoping for a 
dip to the 200-dma at $21.00 but this may not occur.  Especially 
now, considering the strong earnings report by LMT today, 
investors might become more enthusiastic for the defense sector 
and that could filter into TTN.  We would look for a bounce back 
above the $22.00 level or a dip to the 200-dma to consider new 
positions.

Picked on April 15th at $21.26
Change since picked:     +0.57 
Earnings Date         04/25/02 (confirmed)
 




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

Computer Assoc. - CA - close: 19.03 change: -0.32 stop: 20.26

The week began with a barrage of press releases from CA as the 
company has announced that it will "consolidate its product sales 
under five brand units, to better fit customer needs" (Reuters).  
We applaud any company that is willing to refocus on customer 
service and Wall Street might just be taking a step back to see 
how this might affect CA's business.  The perilous drop in the 
stock appears to be halted but then shares aren't gaining much 
ground either.  Volume has not been very impressive so we can not 
interrupt much conviction from the trading this week.  A failed 
rally from the $19.50 to $19.25 level still looks tempting as an 
entry point to go short but we would probably look for a move 
back under $19.00 or $18.50 before committing additional capital.
Update: the boys in the office reminded me that some late 
afternoon news on CA came out and sure enough there was.  CA has 
agreed to pay the U.S. government more than $600K to "settle 
charges that is violated pre-merger rules when it struck a deal 
in 1999 to buy Platinum Technology Inc." (Reuters).  We are 
unsure how shares of CA might react to the news.  Optimistically 
(for the bulls), there might be a relief rally that the 
settlement wasn't more and that this is one more phase of the SEC 
investigation that can finally be closed.  Pessimistically (for 
the bears), we saw no serious reaction to the news in the stock 
after hours and the technical picture is still very bearish.  
Conservative traders could tighten their stops but we feel 
comfortable with ours above overhead resistance at $20.  If you 
want a little more breathing room form intraday swings, you could 
increase your risk by sliding a stop just above the 50-dma (about 
$20.30) or above serious overhead resistance at $22.  We have 
learned that CA has a huge amount of short-interest (shares short 
and still uncovered by investors) and if some catalyst were to 
spark a significant move higher there could be a short squeeze.  
Tomorrow could be an interesting day as we see if there is a 
reaction to the news during normal hours.

Picked on April 18th at $18.49 
Gain since picked:       -0.54
Earnings Date         05/14/02 (unconfirmed)
 



---

SERENA Software - SRNA - close: 14.50 change: -1.01 stop: 16.51

With a major lack of leadership in the software sector, the GSO.X 
is heading to new relative lows and closed below support at 140.  
Shares of SRNA have mirrored the decline but have tried valiantly 
to hold the $15.00 support level - until today.  SRNA spent most 
of Tuesday in a tight 50-cent trading range before collapsing 
through support in the last 30 minutes of trading.  This 
triggered our short play as the stock passed $14.94 and initiated 
our stop at $16.51.  By the looks of it, the next level of 
support is between $12.00 and $12.50.

Picked on April 23rd at $14.94 
Gain since picked:       +0.44
Earnings Date         02/21/02 (confirmed)
 





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

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

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

Isle of Capris - ISLE - cls: 21.41 chg: +0.56 stop: 19.62 *new*

Gaming stocks received a boost today after IGT reported stronger-
than-expected earnings.  ISLE traded higher on the news, building 
on yesterday's gains to the tune of +2.68 percent.  The stock 
appears to be headed toward the top of its ascending channel, but 
will first have to break through resistance near $22.  This level 
kept a lid on the early-April rally.  Traders targeting entries 
on a move above this level should be aware that the top of the 
aforementioned channel lies near $22.50.  Our original profit 
target is anywhere between $22.50-23.50, depending on how strong 
the stock appears.  Note that we're inching up our stop to 
$19.62, just below Friday's low.

Picked on April 19th at $20.50
Gain since picked:       +0.91
Earnings Date         02/14/02 (confirmed)




---

Pulte Homes - PHM - close: 54.35 change: +2.29 stop: 52.34 *new*

Based on the strong fundamentals of the homebuilding group, we 
elected to hold PHM over earnings.  Quite simply, it appeared 
that there was a better chance of an upside surprise than there 
was of an earnings miss.  Fortunately our analysis was correct: 
PHM moved sharply higher today after reporting a 73 percent 
increase in Q1 income and an EPS that beat estimates by 20 cents.  
The stock gained 4.39 percent on the news, and is now in the 
middle of its ascending regression channel.  Conservative traders 
looking to lock in some gains my want to do so now.  PHM faces 
significant resistance at $55 and may be due for some 
consolidation after three days of solid gains.  However, a 
positive reaction to tomorrow's economic data could push the 
stock well above $55.  The recent strong earnings in the group 
indicate that new home sales will likely come in stronger than 
expected.  It could be argued that a strong number is already 
priced into the market, but given the strength of the sector we 
wouldn't be surprised to see the remaining shorts scared into 
submission.  In light of today's move, we're going to tighten our 
stop to $52.34.  This will force PHM to trade under today's low 
and should protect a gain of more than 4 percent.  Be advised 
that we would not suggest new entries at this time.  Bullish 
traders considering positions might do well on a one or two day 
pull back or a strong close over $55 and then a consolidation 
sideways.

Picked on April 15th at $50.13 
Gain since picked:       +4.22
Earnings Date         04/23/02 (confirmed)





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

Ameripath, Inc. - PATH - close: 24.70 change: +0.70 stop: 25.51

Weakness in the RXH.X healthcare index created the perfect 
environment for some gains in this short play.  After all, PATH
hasn't been able to trade higher when the sector is strong, so 
it stands to reason that it would continue to be weak today.  Of 
course, if there is one thing the market excels at, it's defying 
expectations.  PATH traded higher by almost 3 percent today, 
despite a 0.86 percent loss in the RXH.X.  We couldn't find any 
news to explain today's move.  Perhaps shorts were covering 
positions ahead of next week's earnings.  Whatever the reason for 
the rally, shares were unable to trade over resistance at $25.  
Traders could consider going short if PATH is falls from current 
levels, but you may want to first confirm that the trend of 
relative weakness versus the RXH has resumed.

Picked on April 19th at $23.92
Gain since picked:       -0.78
Earnings Date         04/30/02 (confirmed)
 




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

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

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

Amazon.com - AMZN - close: 14.13 change: -0.18 stop: 13.84 *new*

Shares of AMZN traded lower by 1.25 percent ahead of tonight's 
earnings announcement.  The stock briefly dipped below support at 
$14 but climbed back above that level in the last few minutes of 
trading.  Of course, what really counts is how AMZN did with 
their earnings report: Shares were trading as high as $15.18 in 
after-hours after the company reported a pro forma net loss of 1 
cent/share.  However, diluted earnings were a loss of 6 cents, 
which still beat the 9-cent/share loss expected by analysts.  
AMZN also said it anticipates an annual sales growth of 15 
percent, which is a 50 percent increase over their previous 
forecast.  Due to the likelihood that AMZN will gap higher 
tomorrow, we're going to raise our stop to $13.84, just under 
today's low.  Post-earnings volatility could make targeting 
entries a bit tricky.  We'd be hesitant to chase a gap higher, 
but aggressive traders may want to consider jumping on if shares 
are able to maintain the $15 level.  In other news, AMZN 
announced today that it is expanding its alliance with BGP.

Picked on April 17th at $14.35
Gain since picked:       -0.22
Earnings Date         04/23/02 (confirmed)




---

General Communication - GNCMA - cls: 9.81 chg: -0.21 stop: *text*

Not much new to report for GNCMA, as shares continue to 
consolidate under the 200-dma.  Today's 2.09 percent decline 
pushed the stock under the $10 support level but didn't do any 
real technical damage.  Our trigger is still set at $10.31, 
although we may drop this play if the stock falls below $9.50.  
This level has acted as support recently and coincides with the 
50 percent retracement level and previous overhead resistance.  
Frankly, we're surprised that GNCMA has been holding up so well 
given the powerful undertow in the telecom sector.

Picked on April xth at $xx.xx <- see text
Gain since picked:      +0.00
Earings Date          3/13/02 (confirmed)




---

Hartford Financial - HIG - cls: 68.86 chg: -1.11 stop: 68.24

Last night HIG reported Q1 earnings that came in six cents above 
estimates.  One might expect that the stock would trade higher on 
the news, but the reaction was surprisingly muted.  HIG remained 
under the $70 resistance level for the duration of today's 
session and finished with a 1.58 percent loss.  The post-earnings 
sell-off indicates that the "good news" may have already been 
priced in.  The fact that shares closed under $69 for the first 
time in a week doesn't instill much confidence in short-term 
bulls, but our tight stop at $68.24 should protect a 3.8 percent 
gain.  Longer-term investors would be looking for a bounce from 
the 50-dma at $67.55 or a convincing close over $70.
   
Picked on March 13th at $65.74
Gain since picked:       +3.12
Earnings Date         04/22/02 (confirmed)
 



--- 

Providian Financial - PVN - cls: 8.12 chg: -0.09 stop: *text*

PVN came within two cents of being triggered on Monday, but the 
bulls just couldn't lift shares over the $8.50 level.  Shares 
remained under that level today and traded an "inside day."  We'd 
normally suggest an entry over today's high, but of course this 
would not be enough to confirm a breakout.  We'll continue to 
wait for PVN to trade at or above $8.51, at which point this play 
would be triggered with a stop at $7.46.  The company announced 
yesterday that it would report earnings on May 6th, after the 
bell.

Picked on April xth at $xx.xx <- see text
Gain since picked:      +0.00
Earnings Date        05/06/02 (confirmed)





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

Cablevision - CVC - close: 25.82 change: +0.02 stop: 29.01

This short play was initiated yesterday after CVC sank below our 
trigger price at $26.24.  The close under $26 had us anticipating 
further downside in today's session.  The stock did briefly trade 
lower this morning, but shorts may have been tempted to cover 
some of their gains from the past three days after shares bounced 
near psychological support at $25.  CVC traded as high as $26.43 
intraday, but finished with a gain of only two cents.  Further 
market weakness could force the stock to new all-time lows.  
Traders still looking for entries may want to wait for a move 
below $25.50 or $25.00 in order to confirm a break of that 
support level.  It appears that CVC is planning to announce 
earnings on Thursday May 2nd, or at least their conference call 
is at 9:30 a.m.  

Picked on April 22nd at $26.24
Gain since picked:       +0.42
Earnings Date         05/02/02 (confirmed)
 




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

Split Announcement
------------------

L-3 Communications offers 2-for-1 stock split

L-3 Communications (NYSE: LLL) announced today that its Board of 
Directors had approved a 2-for-1 stock split.  

The split will be effected as a 100% stock dividend and will be 
distributed on May 20, 2002 to stockholders of record on May 6, 
2002.

This will mark the first split since LLL began trading in 1998.  
The stock is up over 38% YTD, mirroring similar strength in many 
other defense-related issues.

Shares closed at $121.65 on Monday.  For a current quote,
click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=LLL


About the company
Headquartered in New York City, L-3 Communications is a leading 
merchant supplier of Intelligence, Surveillance and Reconnaissance 
(ISR) products, secure communications systems and products, 
avionics and ocean products, training products, microwave 
components and telemetry, instrumentation, space and wireless 
products (source: company press release)

---

3-for-2 split for Zoran Corporation

Zoran Corporation (NASDAQ: ZRAN) announced today that its Board of 
Directors had declared a 3-for-2 stock split.  

The split will come in the form of a 50 percent stock dividend on 
its common stock, and will be issued on May 22, 2002 to 
shareholders of record on May 7, 2002.  Shares will begin trading 
at their new post-split level on May 23rd.

ZRAN is up 11.5% YTD, and has not split once in over six years of 
trading.

The stock closed at $38.44 on Monday.  For a current quote,
click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=ZRAN


About the company
Zoran Corporation, based in Santa Clara, California, is a leading 
provider of digital solutions-on-a-chip for applications in the 
growing consumer electronics markets. With almost two decades of 
expertise developing and delivering digital compression 
technologies, Zoran has pioneered high-performance processing into 
various audio, video, and imaging technologies. (source: company 
press release)

---

Marshall & Ilsley declares 2-for-1 stock split, boosts dividend

The Marshall & Ilsley Corp (NYSE: MI) announced from its annual 
Shareholder Meeting today that its Board of Directors had given 
approval to a 2-for-1 stock split.  The split will come in the 
form of a 100 percent stock dividend on its common stock.

Furthermore, the Board of Directors declared a quarterly cash 
dividend of $0.32/share (pre-split).  This represents a 10.3% 
increase over the previous quarterly dividend.

The payable date for both the stock split and quarterly dividend 
is June 14, 2002, to shareholders of record on May 31, 2002.

This marks the first time MI has split since a 3-for-1 offering in 
1993.

Shares closed at $61.60 on Monday.  For a current quote,
click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=MI


About the company
Marshall & Ilsley Corporation is a diversified financial services 
corporation headquartered in Milwaukee, Wis. with $28.6 billion in 
assets. Founded in 1847, M&I Marshall & Ilsley Bank has the 
largest banking presence in Wisconsin with 215 offices throughout 
the state. (source: company press release)

---

Pacific Capital declares 4-for-3 stock split

Pacific Capital Bancorp (NASDAQ: SABB) announced today that its 
Board of Directors had authorized a 4-for-3 stock split.  The 
split will be distributed on June 11, 2002 to stockholders of 
record on May 21, 2002.

The stock has risen about 10% in the past two weeks.  This split 
will be the company's first.

The stock closed at $33.02 on Monday. For a current quote, click 
here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=SABB

About the company
Pacific Capital Bancorp is the parent Company of Pacific Capital 
Bank, N.A., a nationally chartered bank with four divisions: Santa 
Barbara Bank & Trust, First National Bank of Central California, 
South Valley National Bank and San Benito Bank. (source: company 
press release)

---

Alliance Bancorp sets 11-for-10 stock split

In addition to Q1 earnings, Alliance Bancorp of New England, Inc. 
(AMEX: ANE) reported today that its Board of Directors had 
approved a 11-for-10 stock split.

The split will be effected as a 10% stock dividend, to be payable 
on May 21, 2002 to stockholders of record on May 7, 2002.  A 
quarterly dividend of 7.5 cents/shares (payable on May 21, 2002 to 
stockholders of record on May 7, 2002) was also retained.

ANE is up 20.8% YTD, but trades on very low average volume of 
2,700 shares/day.

The stock closed at $14.50 on Monday.  For a current quote,
click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=ANE


About the company
Alliance Bancorp of New England, Inc. is the bank holding company 
for Tolland Bank, a Connecticut-chartered bank with nine offices 
serving central and eastern Connecticut. (source: company press 
release)


===============
ST update
===============

Split Announcements
Payable & Record Date News
--------------------------

INFINITY, INC - IFNY - close: 18.15 change: +0.20

INFINITY, INC. (NASDAQ: IFNY) announced today that its 
previously-announced 2-for-1 stock split would be distributed on 
May 13, 2002 to shareholders of record as of May 6, 2002.





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

DT      Deutsche Telekom           15.07     +0.87
AEG     Aegon                      24.75     +0.55
CBSS    Compass Bancshares         33.81     +0.51
OHP     Oxford Health Plans Inc    43.25     +0.68
RL      Polo Ralph Lauren          30.64     +1.09
FVB     First VA Banks Inc         57.16     +0.98

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

MO      Phillip Morris Companies   54.95     +0.98
RJR     RJ Reynolds Tobacco Hldg   68.70     +1.22
CIN     Cinergy Corp               36.63     +0.88
DHI     D.R. Horton Inc            25.85     +0.91
PHM     Pulte Homes Inc            54.35     +2.29
LEN     Lennar Corp                56.85     +2.11

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

CPN     Calpine Corp               13.33     +1.42
CLRO    Clearone Communications    16.15     +1.87
INFM    Infinium Software Inc       7.50     +2.30
LINK    Interlink Electronics       6.87     +1.12

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

G       Gilette Company            36.32     +1.47
LMT     Lockheed Martin Corp       62.20     +3.08
LXK     Lexmark International      61.56     +1.16
CTX     Centex Corp                58.34     +3.34
COH     Coach Inc                  56.60     +2.75
KBH     KB Home                    50.33     +1.45
JEC     Jacobs Engineering Group   40.00     +1.84

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

TYC     Tyco Intl. Ltd             26.69     -1.36
WYE     Wyeth                      61.00     -1.90
QCOM    QUALCOMM                   32.25     -2.78
MMC     Marsh & Mclennan Cos Inc  106.48     -4.69
USAI    USA Networks Inc           30.43     -1.15
APD     Air Products & Chemicals   46.54     -2.58

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

COST    Costco Wholesale Co        40.48     -0.88
CB      Chubb Corp                 76.42     -1.21
SPC     Saint Paul Companies Inc   48.95     -0.95
LH      Laboratory Corp            94.50     -4.60
FHR     Fairmont Hotels            28.85     -1.44
MDU     MDU Resources Group        32.05     -0.90
ALR     Allied Research Corp       25.44     -1.65




=================================================================
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.




DISCLAIMER

Option Investor Inc is neither a registered Investment Advisor nor a Broker/Dealer. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All opinions, analyses and information included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we do not necessarily update such opinions, analysis or information. Owners, employees and writers may have long or short positions in the securities that are discussed.

Readers are urged to consult with their own independent financial advisors with respect to any investment. All information contained in this report and website should be independently verified.

To ensure you continue to receive email from Option Investor please add "support@optioninvestor.com"

Option Investor Inc
PO Box 630350
Littleton, CO 80163

E-Mail Format Newsletter Archives