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PremierInvestor.net Newsletter              Wednesday 05-15-2002
                                                  section 1 of 2
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In section one:

Market Wrap:      Cautiously Bullish
Watch List:       AAPL, CLS, MXIM, RFMD, and more...
Play of the Day:  Waiting On the Numbers


******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
        05-15-2002        High      Low     Volume Advance/Decline
DJIA    10243.70 + 29.74 10349.10 10223.70 1409 mln   1681/1485
NASDAQ   1725.60 +  6.50  1759.33  1694.34 1620 mln   1826/1680
S&P 100   542.02 -  3.58   549.41   541.43   totals   3507/3165
S&P 500  1091.07 -  6.21  1104.23  1088.94
RUS 2000  513.54 +  1.82   515.26   508.50
DJ TRANS 2797.98 + 29.74  2808.79  2762.49
VIX        22.13 -  0.03    22.42    21.03
VIXN       45.29 +  0.00    46.13    43.29
Put/Call Ratio      0.70

******************************************************************

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

WE REMAIN CAUTIOUSLY BULLISH 


My Underlying Market View:  Cautiously Bullish.   

From mid March until early May, the major market indexes--Dow, 
S&P 500 and Nasdaq Composite--were in a sustained decline.  Major 
stocks were clobbered.  Economic reports seemed contradictory. 
Bulls suffered. Bears ruled. Frustrating for investors?  Heck 
yeah!  But in the last few days we've seen some hopeful 
improvements--reversals, actually--in the major indexes.  And 
these reversals appear to be significant.  As I'll discuss below, 
I am cautiously bullish on the Dow Jones Industrial Average, S&P 
500 and Nasdaq Composite as we go forward over the next few 
weeks. The March-May consolidation now seems to be mostly over--
MOSTLY--and these indexes are displaying technical strength which 
suggests they will plod higher, in a sloppy two-steps-up-one-
step-back manner.  

Today's Market:  

The CPI (Consumer Price Index) for April was released this 
morning.  Consumer prices rose 0.5%, compared to an expected 
0.4%. During the first four months of 2002, the CPI rose at a 
rate of 3.8%; during 2001, the CPI rose only 1.6%, and this 
discrepancy may have been enough to give some investors the 
willies during trading hours.  But investors should have 
applauded the news on industrial production in the nation's 
factories, mines and utilities.  Industrial output rose 0.4 
percent in April, the Federal Reserve said this morning.  The Fed 
noted that this is the fourth straight monthly increase in the 
output numbers.  Capacity utilization rose slightly to 75.5 
percent from a 75.3 percent level in March. The industrial 
reports give increasing support to the notion that the US economy 
is improving.

It's no secret that the markets were holding their breath last 
night as Applied Materials (AMAT) released its earnings.  When 
the semiconductor company reported slightly better than expected 
profits yesterday, we suspected that today's markets would get 
juiced for another positive session. With several brokerages 
raising their ratings on AMAT this morning, the Nasdaq Composite 
was able to add on 6.5 points, or 0.37%, to close at 1725.  But 
the big cap indexes were caught up in minor profit taking.  The 
Dow lost 54 points, closing still well above the key 10,000 
level, at 10,244.  The S&P Index dropped a proportional amount, 
about 0.5%, to finish at 1091. After the strength of the last few 
trading sessions, today's pullback in the Dow and S&P 500 (SPX.X) 
seems only natural. 
 
IBM's analyst meeting, which convened after the market closed 
today, did little to push the S&P futures one way or the other.  
As of 6 p.m. EDT, the futures were up only fractionally.  Big 
Blue told analysts that its current environment continues to be 
difficult, but that its long-term expectation is to generate 
"double-digit" earnings into the future.  Cost cutting is 
expected to be a principle part of this double-digit strategy to 
achieve these earnings, though the company did not elaborate on 
any reductions in its huge workforce.

With IBM offering little to roil markets after-hours, the only 
other land mines for which we've been watching this evening 
concerned earnings. So far all is well on this front.  Intuit 
(INTU) reported better than expected profits while Ann Taylor 
(ANN) and Brocade Communications (BRCD) came in as expected. Both 
INTC and BRCD traded down in after hours, but only by about 1/2% 
to 1%: hardly the stuff that produces market implosions.

Getting Ready For Tomorrow, Thursday, May 16th.

Thursday morning's economic reports will include 1) housing 
starts, 2) building permits and 3) initial jobless claims.  There 
has been some uncertainty in the markets recently as to whether 
the brisk pace of home construction can continue. If the two 
construction-related reports are better than expected, this will 
be encouraging for the budding economic recovery in the US.  If 
this is the case, traders can anticipate, more than likely, that 
Thursday's market will get an opening boost from the positive 
construction reports. 

At a technical level, the Market Volatility Index (VIX) has 
returned to readings in the low 20's.  In the last few months the 
VIX has had a tendency reverse in the 19-20 region; when the VIX 
does reverse at these levels, selling pressure usually visits the 
markets.  The VIX closed today at 21.93.  My interpretation of 
this is as follows: 1) options investors have become overly 
bullish, and complacent (since the VIX is a contrarian indicator, 
this bullishness makes me short term cautious) and 2) as such, 
near term market volatility is likely to increase once the VIX 
begins its next upward move.  

Here are some key technical levels on the major indexes to watch 
on Thursday, May 16th:

The Dow Jones Industrial Average:   Support is in the 10,120 
region, so another 100+ point dip would not be surprising, 
perhaps by the end of the week. Could we go lower? Sure, but 9970 
should be the worst we'd see.

S&P 500 (SPX): First support for the SPX is at 1075.  If the 
bears get frisky, we might get pushed down to the 1055 level.  As 
of tonight, I think that would be about it.  

Nasdaq Composite: The Composite (COMPX) has been the most 
volatile of the major indexes. Technically, it looks like it runs 
into resistance at the 1810 level, about 90 points above today's 
close of 1725.  This means the COMPX might surprise us in coming 
days with more strength.  The index should have support in the 
1650-1665 region if and when brisk profit taking hits the tech 
stocks.

Each night I'm going to plan to cover a few of the sector indexes 
which are likely to see action--good or bad--in coming days.  
Here's my thoughts on tonight's sectors:

Bank Index (BKX)

This index has just begun to move off of a two-month 
consolidation, much like the Dow.  It closed at 904 today; our 
weekly technical indicators all point higher. This index has a 
tendency to sometimes lead the broader market, and the positive 
nature of the index is bullish for the S&P 500.  Many 
bank/financial stocks have technical patterns similar to this 
index.  Some of the financial-related stocks which have positive 
patterns include ONE, FBF, JPM, and HBC.

Morgan Stanley Cyclical Index (CYC)

In our Watch List, and our plays, you've no doubt seen a number 
of "boring" stocks appear recently.  Old guard stocks, so to 
speak: autos, oils, manufacturers and the like.  These are stocks 
who's well-being is bound to the state of the economy; stocks 
which rise and fall (hence, cyclical) with good times and bad.  
This index is mirroring the signals we're receiving from the Dow:  
higher stock prices in these stocks seem likely. An example:  
Deere & Company reported better than expected earnings on 
Tuesday, was upgraded on Wednesday and is flashing a technical 
pattern that we think is screams "breakout."   ELUX, APN, AHC, 
DE, and DCN are a few stocks traders should watch.  The CYC Index 
closed at 592.  Once above 600, this could be a tough one to hold 
down.  Sometimes boring can be good!

Morgan Stanley Healthcare Index (HMO)  

The HMO Index was a big winner during the March-May time period 
when the rest of the market was suffering.  Now, though, I think 
the tables are about to be turned.  Stocks like WLP, which we 
have profiled recently on our Watch List, are probably in for a 
few weeks of more profit taking.  The HMO Index closed on 
Wednesday at 609. The index will have to break through the 635 
region to begin a new upward move.  Conversely, traders involved 
with stocks in this index will want to be cautious on a move 
below 570.

Semiconductor Index (SOX)

The SOX is one of those indexes that can thrash the markets 
around on a daily basis. It is the tail that wags the dog on many 
trading days. That's the reason that Applied Materials' (AMAT) 
earnings were so eagerly awaited last night.  Some of the 
markets' most impressive companies are in this index, including 
Intel (INTU), Texas Instruments (TXN) and Micron Technology (MU).  
The SOX closed at 538 on Wednesday. It should have support in the 
515 region over the next few trading sessions.  If it is able to 
begin trading above 546, traders should look for the SOX to make 
a serious run for the 600 region.

Oil Services Index (OSX)

The oil services sector--composed of stocks like HAL, SLB, BJS, 
and RIG--has been a powerful performer this year.  There is a 50-
50 chance, though, that the index, like the HMO Index, is getting 
top-heavy and may fall into a multi-week consolidation.  The 
upside to this observation, though, is this: the OSX could add on 
another 10-12% before running out of steam.  The index closed at 
106 today. A move back above 112 should allow it to reach the 120 
region, which may be its eventual top.  If we begin to see the 
OSX stalling persistently at the 110 region in coming days, 
however, that is likely to be an indication that its 
consolidation is ready to start.

Siegfried Brian Barger, 
Editor   


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


Apple Computer - AAPL - close: 25.28 change: -0.33

WHAT TO WATCH: Short-term traders who are anticipating a 
continuation of the recent tech rally may want to consider biting 
into AAPL.  After briefly piercing the bottom of its ascending 
channel last week, the stock shot higher with the NASDAQ.  Shares 
are now faced with a test of resistance at $26, which thwarted 
rally attempts in February and April.  The MACD is curling higher 
from just below the zero-line.  This is significant, because the 
two previous attempts to break the $26 level were not accompanied 
by a bullish MACD.  This indicates that AAPL may have enough 
momentum to break over resistance.  In terms of specific action 
points, we'd be looking for a move over the 2002 high of $26.17.  
Shares may face additional resistance at the 2001 high of $27.12, 
but if the tech sector remains strong we'd expect a test of the 
top of the channel near $28.  P-n-f chartists would also point 
out that a trade at $27 would create a double-top buy signal.




--- 

Celestica - CLS - close: 32.55 change: +1.39

WHAT TO WATCH: The past week has been a fun ride for shareholders 
of CLS: The stock has risen over 28% from its low of $25.32 on 
May 7th.  This fact alone should have some bears licking their 
chops in anticipation of a healthy dose of profit-taking.  We 
think CLS is an attractive short because in addition to being 
overbought, the stock also faces resistance at the 50-dma 
($32.80).  This matches up nicely with the top of the stock's 
descending regression channel.  Traders targeting a decline could 
do so with relatively little risk by placing a stop slightly 
above the 50-dma.  If CLS keeps moving higher we'd look for a 
pullback near $34, which acted as resistance in April.  This 
level is reinforced by the 50% retracement from the September 
lows to December highs.




--- 

Maxim Integrated Products - MXIM - close: 50.76 change: +0.02

WHAT TO WATCH: Is the SOX.X (semiconductor index) headed back to 
600?  We're not sure, but MXIM could be a good way to take 
advantage of continued bullishness in the sector.  The stock 
looks compelling on a technical basis: Although it only finished 
with a fractional gain today, MXIM rose to a near-term high in 
intraday trading and closed above the 200-dma.  The move over $52 
pushed the stock above bearish resistance on the p-n-f chart.  
Furthermore, the MACD is signaling a bullish crossover.  This 
bodes well for a retest of the $58 resistance level.  Watch for a 
move over today's high of $52.97 (just above the 50-dma) to offer 
a possible entry point.


 

--- 

RF Micro Devices - RFMD - close: 18.18 change: -0.22

WHAT TO WATCH: Shares of RFMD joined the SOX.X is a steep rally 
over the past week.  Maybe "steep" is an understatement; the 
stock has risen nearly 25% from its May 7th lows.  That's a lot 
of gains for bulls to digest, but we think RFMD may consolidate 
for a few sessions and continue higher.  The stock has risen 
above bearish p-n-f resistance at $18.00.  This often signals the 
beginning of a longer-term uptrend.  Looking at a daily chart, 
you can see that RFMD has briefly spiked higher three times this 
year.  Of course, there's no guarantee that this will happen 
again, but it does show that the stock has the potential to post 
large gains in a small amount of time.  Aggressive traders could 
target entries at current levels, while others may want to wait 
for several days of consolidation near the $18 level.  If RFMD 
does spike higher once again, we'd be looking for a move to $21-
$22.





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

Dole Foods Inc. - DOL - close: 33.43 change: +0.03

DOL has been stair-stepping its way higher for several months and 
has spent the last two months consolidating under resistance at 
$34.  A close over this level could portend another leg higher.




---  

Charter One Financial - CF - close: 35.20 change: +0.80

CF recently bounced from its 50-dma and has moved higher on 
rising volume.  The MACD and daily stochastics both look bullish, 
which leads us to believe that CF will break over resistance at 
$36.  Traders can consider long entries on a close above this 
level.
 




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

Mohawk Industries - MHK - close: 66.91 change: +0.76 stop: 62.98

Company Description:
Mohawk is a leading supplier of flooring for both residential and 
commercial applications and a producer of woven and tufted 
broadloom carpet, rugs and ceramic tile. The Company designs, 
manufactures and markets premier carpet brand names and a broad 
line of home products including rugs, throws, pillows and 
bedspreads. (source: company press release)


- ORIGINAL WRITE UP: May 3rd, 2002 -

Why We Like It:
The continued rise in homebuilding-related issues has made it a 
bit difficult to find a long play in the sector. Sure, there are 
plenty of stocks with strong charts. The problem is finding one 
that doesn't look overbought. Fortunately, our scan of stocks in 
the group turned up MHK. The company is not a homebuilder per-se, 
but as a manufacturer of carpets, rugs and flooring, it stands to 
benefit from a strong sector. Business is brisk, as evidenced by 
the April 15th earnings announcement that featured an EPS of 77 
cents/share, versus the estimate of 67 cents. Sales were up 12% 
from the year-ago total. MHK is displaying technical strength as 
well. Shares have trended higher since the earnings announcement 
and are within striking distance of the all-time high at $68.10. 
The daily stochastics are rising higher with room to move, which 
indicates that the stock may break over this level. The DJUSHB 
home construction index is at the midline of its ascending 
channel. Traders looking to confirm bullish sector sentiment may 
want to wait for the index to continue higher before going long. 
We're starting this play with a stop at $62.98, below the 50-dma. 
This would be a 5% move from the current price. We do expect 
potential resistance at $70 but the top of the channel should be 
close to $75, which is our initial profit target. 

- Most Recent Update: May 14th, 2002 -

This morning's strong retail numbers kicked off a triple-digit 
rally in the Dow Jones that spread to the homebuilding sector. 
The DJUSHB home construction index bounced vigorously from the 
bottom of its ascending channel and finished the day with a 4.5% 
gain, while MHK moved higher with the sector and tacked on 3%. In 
the short-term, we're expecting the DJUSHB to retest the midline 
of its channel near 400 and propel MHK to a test of resistance at 
$68. A move over this level could clear the way for a move to 
psychological resistance at $70 and hopefully beyond.

- Play-of-the-Day Comments: May 15th, 2002 -

Stronger-than-expected retail sales numbers sent the retail 
sector rocketing higher yesterday.  In this uncertain economic 
climate, investors lend a lot of credence to this sort of 
"boring" economic data.  Keeping with this theme, we think MHK 
could receive a substantial boost from tomorrow's release of 
housing starts data.  An upside surprise could be the catalyst 
that MHK needs to breakout to all-time highs.  Besides, the 
bearish reaction to the inflationary CPI data today hit several 
of the homebuilding stocks pretty good.  Bulls might decide to 
buy the dip tomorrow. Of course in MHK's case it could be by the 
breakout.  If the market reaction is positive (the numbers are 
released before the bell), aggressive traders can consider 
entries on a move above the all-time high of $68.45.  However, be 
aware that bears may defend psychological resistance at $70.

Picked on May 3rd at $66.30 
Gain since picked:    +0.61  
Earnings Date      04/15/02 (confirmed)
 





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PremierInvestor.net Newsletter          Weekend Edition 05-10-2002
                                                    section 2 of 3
Copyright © 2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================
To view this email newsletter in HTML format with imbedded
charts and graphs, click here:
http://www.PremierInvestor.net/htmlemail/e10b_2.asp
=================================================================

In section two:

Net Bulls
  New Bearish Plays:     BRCM, QCOM, VZ
  Bullish Play Updates:  SNE, TTN
  Bearish Play Updates:  BMC, TBH

Stock Bottom / Active Trader
  New Bearish Plays:     DHR, HD, TSG
  Bullish Play Updates:  RKY, DCX, GR, LTR, MHK, TBL
  Bearish Play Updates:  IGT

High Risk/Reward
  New Bullish Plays:     VRSN
  Bearish Play Updates:  DOX
  Closed Bullish Play:   AMAT
                         

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

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

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

Broadcom - BRCM - close: 24.54 change: -1.24 stop: *see text*

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

Why We Like It:
It has not been the best week for BRCM shareholders.  Despite an 
already weak semiconductor sector and a sinking Nasdaq market, 
BRCM was hammered even harder on company specific news that hit 
last Tuesday.  Shares dropped about 13% when Motorola (NYSE:MOT), 
a big customer of BRCM's, announced it would chose Texas 
Instruments (NYSE:TXN) to supply components for MOT's next-
generation cable modem.  Not only is BRCM losing the sale but 
it's another instance where competition is creeping in on BRCM's 
market share.  The SOX and BRCM did bounce on Wednesday with the 
rest of the market's reaction to CSCO's news, but like the 
markets, BRCM has given back all of its gains.  The recent closes 
under the $25.00 level are a breakdown of the 80.1% retracement 
level (using September lows to January highs).  With this support 
level broken, bears could argue that BRCM will be bent on re-
testing the September lows near $18.50.  We are going to aim for 
a move to the $20 level, which could turn out to be psychological 
support for the stock.  You may also want to keep an eye on the 
SOX but we feel it could test the 450 level again soon (closed at 
503). While we like BRCM at current levels and wouldn't mind 
shorting it on a failed rally near $27.00 we are going to use a 
trigger point to go short on the stock.  By waiting for BRCM to 
fall below the $24.50 mark, we can catch it on the way down.  Our 
trigger will be $24.49 and we'll exit the play if shares reach 
$20.25 or lower.  Once we are triggered we're going to begin with 
a stop loss at $27.01, just over the 10% level (above our entry 
point) but we'll quickly lower the stop once shares confirm their 
trajectory towards the $20 mark with a close under $24.00.

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



---

QUALCOMM - QCOM - close: 26.80 change: -1.54 stop: 30.01

Company Description:
QUALCOMM Incorporated is a leader in developing and delivering 
innovative digital wireless communications products and services 
based on the Company's CDMA digital technology. The Company's 
business areas include CDMA chipsets and system software; 
technology licensing; the Binary Runtime Environment for 
Wireless(TM) (BREW(TM)) applications platform; QChat(TM) push-to-
talk technology; Eudora® e-mail software; digital cinema systems; 
and satellite-based systems including portions of the 
Globalstar(TM) system and wireless fleet management systems, 
OmniTRACS® and OmniExpress®. QUALCOMM owns patents that are 
essential to all of the CDMA wireless telecommunications 
standards that have been adopted or proposed for adoption by 
standards-setting bodies worldwide. QUALCOMM has licensed its 
essential CDMA patent portfolio to more than 100 
telecommunications equipment manufacturers worldwide. 
(source: company press release)

Why We Like It:
Does the term better late than never still work?  We came so 
close to playing QCOM short when it failed at the $40 level in 
mid-April but chose not to.  Watching it fall to the $25 area was 
painful.  Those who acted on our suggestion in the Watch List in 
April are probably pleased with their results.  The recent spike 
higher in shares of QCOM due to the short-lived market rally on 
Wednesday have created another failed rally at the $30 level.  
The stock has fallen back under the $27 mark and we feel it could 
be on its way to the $20 level.  QCOM is infamous for its 
volatility so we're playing this one in the high-risk/reward 
section of the play list.  We feel it's also a HR play because we 
have to use a wide stop with overhead resistance up at the $30 
area (or $29.50).  We are going to open the play at current 
levels but it wouldn't hurt to consider shorts on failed rallies 
near $28.00.  We'll start the play with a stop at $30.01 but you 
could probably squeeze that to the $29.50 level, which is near 
the recent high on Wednesday.  We're aiming for a drop to the $20 
area but will keep our options open at this time.  With the big 
dip in the IXTCX on Friday and the lack of strength in the 
broader markets we don't see a lot of fear by the bears in this 
stock despite its oversold condition.

Picked on May 10th at $26.80
Gain since picked:     +0.00
Earnings Date       04/24/02 (confirmed)
 



---

Verizon Comm. - VZ - close: 39.35 change: -0.80 stop: *text*

Company Description:
Verizon Communications is one of the world's leading providers of 
communications services. Verizon companies are the largest 
providers of wireline and wireless communications in the United 
States, with 133.8 million access line equivalents and 
approximately 29.6 million wireless customers. Verizon is also 
the largest directory publisher in the world. (source: company 
press release)

Why We Like It:
Has the telecom sector bottomed out yet?  We think not.  These 
days just about anything related to telecommunications is being 
sold with reckless abandon.  For visual evidence of the sector 
weakness, take a look at the charts of WCOM, Q, QCOM, T, NOK, 
SBC, and AT...to name a few.  We strongly considered the latter 
two stocks as short plays, but ultimately decided on VZ because 
it has no underlying historical support and is threatening to 
break below its all-time low.  Although VZ is currently at the 
bottom of its long-term descending channel (dating back to summer 
2001), we believe continued negative sector news will cause the 
stock to break lower.  Technically speaking, a move below $38 
will create a double-bottom p-n-f sell signal. We are going to 
use a trigger to go "short" this play with a move below the 
current 52-week low near 38.62.  With the MACD trying to rebound, 
we want to make sure that VZ breaks below this level before going 
short, so our entry price is set at $38.61.  We'll open the play 
if shares trade at or below this level.  Because we're gaming a 
breakdown on a stock that is already oversold, we'll use a fairly 
tight stop at $40.06.  More aggressive traders may want to use a 
stop above recent highs of $42.00, which has been overhead 
resistance for three weeks.  P-n-f chartists may point out that 
VZ is currently above its bearish vertical count at $38.  This is 
a valid concern, but the premise of this play is that sector-wide 
bearishness will drag the stock below all levels of support.

Picked on May xth at $xx.xx <- see text
Gain since picked:    +0.00
Earnings Date      04/23/02 (confirmed)
 




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

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

Sony - SNE - close: 54.75 change: +0.15 stop: 51.25	

On Thursday, Sony's chief financial officer predicted growth 
across all of its diversified entertainment businesses, with the 
globally popular PlayStation taking part of the lead.  "We expect 
that all segments will improve operating profits this year," 
Sony's CFO Teruhisa Tokunaka said at a corporate strategy meeting 
in Tokyo.  Sony's stock price continues to amble upward and we 
remain comfortable with its rising, positive technical 
indicators. The 50-dma is rising consistently and currently rests 
at 53.25; we expect this moving average to serve as support in 
any pullback the stock may face in coming days. 

Picked on April 4th at $53.01
Gain since picked:      +1.74
Earnings Date        04/25/02 (confirmed)




---

Titan Corporation - TTN - cls: 22.27 chg: -0.76 stop: 21.99 

As summarized in recent updates, Titan has enjoyed several new 
contracts and this has helped the defense contractor's stock 
remain stable relative to this week's wild undulations in the 
broader market.  Our perspective on this stock, and the defense 
sector in general, is that their stock prices will continue to be 
supported by a national policy which encourages enhanced national 
defense--and the expenditures which go along with such a policy.  
The chink in our bullish armor is that the overall markets are 
tanking and investors may be inclined to sell their winners to 
protect capital.  We don't see any other reason for the 3.3% 
decline on Friday other than traders taking money off the table 
ahead of the weekend.  The session-long sell-off paused midday 
only to return with gusto into the last two hours of trading.  
This isn't a very good sign for TTN on Monday and odds are we 
might be stopped out if the markets open down.  More aggressive 
traders could watch for a bounce down at the 200-dma, well below 
our stop, for future bullish trades.

Picked on April 15th at $21.26
Change since picked:     +1.01
Earnings Date         04/25/02 (confirmed)





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

BMC Software - BMC - close: 15.98 change: -0.47 stop: 16.53 *new*

On Thursday we said we were looking for our new short position in 
BMC to decline to the 14.90 region.  We started this trade with a 
nice one day drop of 3%, and are looking for more downside in 
coming days.  Although the broader market--and particularly the 
tech stocks--have been unable to keep their considerable gains 
from earlier in the trading week, we recognize that any 
significant, positive news event could turn tech stocks into 
roman candles again.  IBM executives will meet with analysts on 
Wednesday, and that meeting has the potential to do the same 
thing Cisco did this week--ignite tech stocks, giving many a one 
day boost of 10% or more.  With this in mind, we are lowering our 
buy stop to a near-breakeven level of 16.53.  

Picked on May 9th at $16.45 
Gain since picked:    +0.47
Earnings Date      05/06/02 (confirmed)




---

Telecom Brasil - TBH - close: 27.70 change: -0.05 stop: 29.40 

Our telecom short is behaving like a doll tossed out a sky 
scraper window.  You can almost hear the shrieks of on-lookers 
below; we suspect that's the way current TBH shareholders feel.  
With the telecom sector as one of the major anchors for the 
markets on Friday (as witnessed by the 4.2% decline in the 
IXTCX), we were a bit surprised to see TBH only lose 5 cents.  
Shares of the ADR holder did hit a new intraday relative low but 
an afternoon bounce erased most of the losses.  We still feel the 
sector is heading lower but another bounce for TBH may be in the 
cards.  We've noticed that shares have been failing at the 5-dma 
during the last couple of weeks so don't be surprised to see TBH 
rally to the $28.50 or $28.65 level before rolling over again.  
If you're looking for new entries that could be the area to watch 
(assuming it has the strength to get back over the $28 level).  
The MACD is still sinking and the RSI looks like it could be 
aiming for January lows.  More conservative traders might want to 
consider protecting 5% of our 7% gain with a stop at $28.32.  
We're going to leave our stop at $29.40 for the moment as we see 
where TBH is likely to re-establish overhead resistance.  As we 
noted in the Thursday update, we're looking for a move to the 
$26.50 level to cover for a profit.  Some traders may want to 
just let the stock run and keep the short open until your stopped 
out, but be sure to continue to cinch down that stop and protect 
your gains.  We'll move our stop lower once we have a 10% gain in 
the play.

Picked on May 3rd at $29.83. 
Gain since picked:    +2.13
Earnings Date           N/A






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

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

Danaher Corp. - DHR - close: 69.89 change: -0.68 stop: *see text*

Company Description: 
Danaher Corporation manufactures scientific and technical tools  
used by industry. Some of the company's subsidiary businesses 
include Mechanics Hand Tools, Jacobs Chuck Manufacturing Company, 
Delta Consolidated Industries, Jacobs Vehicle Systems, Hennessy 
Industries and Joslyn Manufacturing Company.

Why We Like It: 
Since early March, 2002, Danaher Corporation's stock has been in 
a meandering consolidation.  Until this past week, DHR had 
managed to remain above its rising 50-dma. Now, however, prices 
have begun trading below this key indicator.  Perhaps as 
important are these technical observations: 1) the weekly RSI 
has, within the past 2 weeks, broken a rising trend line which 
had been in place since September, 2001 and 2) the weekly 
Stochastic Oscillator has turned decidedly downward. 
Fundamentally, Danaher reported a first quarter loss on April 18 
when it released its earnings report.  The loss was attributable 
to a one time, non-reoccurring charge for goodwill.  At the time 
that earnings were reported, the company said that while it was 
comfortable with analysts estimates for its second quarter, it 
also acknowledged that its European business remained sluggish, 
and that they viewed the US market as fragile. Since releasing 
these earnings the stock has been in a persistent decline, and we 
expect to take advantage of this growing price weakness by 
shorting the stock.  Since DHR just began trading below its 50-
dma this week, we might see the stock attempt to rebound slightly 
in the coming week.  For this reason, our strategy will be to 
short DHR only if it breaks below 69.40, its low for the past 
four weeks.  Our buy stop will be placed at 73.01, which is just 
above near term resistance, and the 50-dma.  Over the next few 
weeks, we'll be expecting DHR to decline to the low 60's near its 
200-dma at which time we will expect to close out the trade.  A 
profit target in the low 60's will coincide with the bullish PnF 
support line currently near $62. Bears will need to keep in mind 
that the bulls could try and defend the stock price at the $65 
support level.

Picked on May xxth at $xx.xx <-- see text 
Gain since picked:     +0.00
Earnings Date       04/18/02 (confirmed)
 



---

Home Depot - HD - close: 45.50 change: -0.65 stop: 47.51

Company Description: 
Home Depot, Inc. is a major North American home improvement 
retailer operating over 1,100 stores. 

Why We Like It: 
Since December 5th, 2001, HD has been in a lengthy sideways 
consolidation, trading between 47.00-52.75.  This week, though, 
HD began to break out of this consolidation, to the downside.  
The stock now faces a resistance region (46.50-48.80) which 
should create considerable difficulty for the shares in coming 
weeks.  We noticed an article near the first of the month that 
discussed some cautiousness by analysts on whether HD can 
actually achieve its stated targets of 15% to 18% growth from 
2002 to 2004.  Especially with a reduction in store openings and 
some suspect softer growth for the industry as a whole.  These 
concerns have been taking shape as a somewhat sloppy head and 
shoulders top has now formed on the daily and weekly price chart; 
these factors have encouraged us to short HD at current levels 
(45.50).  With that said, we'd certainly find it preferable if we 
could short HD at a slightly higher level, perhaps a failed rally 
at the 200-dma (near 46.50), if HD were advance on Monday 
morning. Once in this short position, traders will want to use at 
buy stop of 47.51, which is just above HD's near term resistance 
and highs of the last two weeks.  More conservative traders may 
want to consider using a trigger point to go short just under the 
recent lows near $44.50.  We are targeting a move to the $40 
level but expect potential support by the bulls near $42.50.  If 
you take any position in this stock, be sure to remember that HD 
will report its quarterly earnings on May 21st.

Picked on May 10th at $45.50  
Gain since picked:     +0.00
Earnings Date       05/21/02 (confirmed)
 



---

Sabre Holdings Corp - TSG - cls: 40.13 chg: -0.41 stop: *see text*

Company Description: 
Sabre is the leading provider of technology, distribution and 
marketing services for the travel industry. Headquartered in 
Southlake, Texas, in the Dallas-Fort Worth Metroplex, the company 
has approximately 7,000 employees in 45 countries. Sabre reported 
2001 revenues of $2.1 billion. Sabre owns Travelocity.com, the 
most popular travel site on the Web, and GetThere, the world's 
leading provider of Web-based travel reservation systems for 
corporations and travel suppliers. (source: company press 
release)

Why We Like It: 
The multi-month blossom that has graced the portfolios of online 
travel investors in shares of ROOM, EXPE and TSG appears to be 
wilting.  Not only has the sector been hit by news that airlines 
and car rental companies are cutting their commissions to travel 
agencies but word of a price war has some investors looking for 
the exits.  The change in landscape with the no commission 
development has lead to large players like EXPE, ROOM and TSG 
into negotiating "marketing fees" with the major airlines to 
replace this loss of commission revenue.  While this news has 
been out for a while, the recent drop in share price across the 
major players is due to a potential price war with two of the 
major hotel chains.  Six Continents PLC and Starwood Hotels & 
Resorts Worldwide have been making noise that they will soon 
announce plans to beat the rates consumers might find through 
online travel sites.  Investor reaction was negative as some 
panicked to sell their winners and lock in gains.  EXPE, ROOM and 
TSG have are all down 10% to 15% from their recent highs.  
Analysts were quick to call the share price declines an over 
reaction but fears may be growing that a price war could turn the 
industry into a cutthroat competition.  We feel that there could 
be a lot more downside to go.  These stocks have all seen very 
healthy runs.  Before the recent profit taking, shares of EXPE 
were up over 300% from their September lows, ROOM was up about 
250% and TSG had doubled.  We're going to pick on TSG as the 
stock has obviously under performed its peers.  With shares of 
TSG hovering at its 200-dma, we're going to use a trigger point 
to go short the stock on a breakdown.  Our official trigger to go 
short will be $39.74.  Once we are triggered we'll start the play 
with a stop loss at $42.01 but we'll be quick to tighten the stop 
as the play progresses in our favor.  Our initial target is the 
$35 level but shares could certainly fall farther.  Please take 
note that the PnF chart shows both ROOM and TSG currently trading 
at their bullish support line.  Shares might bounce from here and 
this is a big reason why we are using a trigger, but more 
conservative traders may want to use a trigger at $37.98 or 
something close the $38 level to confirm a break in the PnF 
support for TSG.

Picked on May Xth at $xx.xx <-- see text
Gain since picked:    +0.00
Earnings Date      04/18/02 (confirmed)
 




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

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

Adolph Coors - RKY - close: 66.47 change: +0.27 stop: 63.89

RKY has had a recent tendency to fade the Dow, and today was no 
exception.   Shares traded an inside day and finished with a gain 
of 27 cents.  Next week we'll be looking for RKY to trade over 
$68 and revisit the near-term high at $69.25.  Conservative 
traders still targeting entries could use a stop just under the 
50-dma at $65.18, and use today's high of $66.62 as an action 
point to go long.  However, be forewarned that rival BUD has just 
closed its third consecutive day under its 50-dma and looks weak.  
BUD might be the weight that is slowing RKY down.
 
Picked on May 2nd at $68.36
Gain since picked:    -1.89
Earnings Date      04/25/02 (confirmed) 




---
DaimlerChrysler - DCX - close: 47.55 change: -0.20 stop: 44.66

Strikes in the German metals and electronics industries continued 
Friday; they are expected to widen next week.  As we have 
reported previously, these strikes may have some effect on 
German-based auto maker DaimlerChrysler.  Overall, though, the 
technical pattern on this stock does not confirm any negative 
influence on DCX's stock price from the strikes, and we remain 
optimistic about this big cap long position.  One of the 
observations we've recently made is that volume expands on up 
days and contracts on down downs.  This suggests that buyers are 
willing to acquire the stock on strength, while a decline in 
DCX's price produces only modest selling.   This, obviously, is 
good for our bullish bias.

Picked on May 6th at $46.50 
Gain since picked:    +1.05
Earnings Date      02/20/02 (confirmed)




---

Goodrich Corp - GR - close: 32.00 change: -0.33 stop: 30.97 

After starting the day higher, Goodrich finished lower today, 
settling right on top of its 50-dma.  Last night we discussed the 
need for GR to move above, and remain above, 32.35, which thus 
far it has been unable to do.  With today's close riding the 50-
dma, we'll be watching Goodrich early next week to see if it can 
use this dma--which coincides with a support region in and around 
31.85--as a good point from which to continue working higher.  
One point that traders may want to take note of was the late news 
story about GR cutting 1000 jobs with plans to cut more.  We are 
playing GR mainly due to their defense-division but they are 
still suffering from a slow down in the commercial aircraft 
market.  It's possible that investors might see the job cuts as a 
way to keep earnings inline with expectations.

Picked on May 3rd at $31.97
Gain since picked:    +0.03
Earnings Date      04/24/02 (confirmed)




---

Loews Corporation - LTR - cls: 59.13 chg: -0.58 stop: 58.45

Loews moved down about 1% today, following the negative lead of 
the broader indexes.  Today was the first day since April 4th 
that the stock closed under the 50-dma.  We said yesterday that 
we would be watching to see if the stock is able to use the 50-
dma as a rebound point, and this will continue to be the case 
with today's modest break of the 50-dma.  Please remember, too, 
that we suggested any new positions in this stock be deferred 
until it moves back above the 60.00 level.   

Picked on May 7th at $60.50 
Gain since picked:    -1.37
Earnings Date      05/09/02 (confirmed)




----

Mohawk Industries - MHK - close: 64.24 change: -0.12 stop: 62.98 

Fed Chairman Greenspan chimed in today with some comments on the 
homebuilding sector.  Speaking at a Chicago banking conference, 
Big Al opined that the housing market should continue to see 
demand, and that the sector has not yet formed a bubble.  One 
might expect that the group would trade higher on the comments, 
but the DJUSHB home construction index actually dropped over 3%.  
Today's fractional decline in shares of MHK is encouraging, 
considering how it outperformed both its sector and the broader 
market.  Of course, MHK isn't a homebuilder per se, but still 
tends to move with the group.  Also encouraging was the 
successful test of the 50-dma at $63.44.  Lower-risk entries can 
be considered at current levels if the sector rebounds next week.  
Watch for the DJUHSB to bounce from its own 50-dma (currently at 
362), which coincides with the bottom of its ascending regression 
channel.

Picked on May 3rd at $66.30
Gain since picked:    -2.06
Earnings Date      04/15/02 (confirmed) 




---

Smith Intl - SII - close: 74.19 change: +2.22 stop: 68.95

The OSX.X oil service index was a beacon of strength on Friday, 
finishing with a 2.3% gain despite a 97-point decline in the Dow 
Jones.  SII reflected the strong sector and tacked on nearly 
3.1%.  Shares have been strong since briefly trading under the 
$70 level on Tuesday and are now within striking distance of the 
10-month high at $75.65.  We think continued sector strength will 
push the stock above this level.  Aggressive short-term traders 
can continue to target a move over $75.65, but upside potential 
is somewhat limited.  We're anticipating that SII will eventually 
find resistance at the top of its ascending channel near $80. 

Picked on April 26th at $71.29 
Gain since picked:       +2.90
Earnings Date         05/02/02 (confirmed)




---

Timberland Company - TBL - cls: 41.29 chg: -0.91 stop: 39.95 

Retailers were roughed up today, with the RLX.X (S&P Retail 
Index) dropping just about 2%.  Our long position in Timberland 
followed the RLX.X's lead, declining slightly over 2%.  Like some 
of our other long positions, TBL closed right on top of its 50-
dma; our expectation is that this will serve as a springboard for 
a rebound next week but traders may want to wait and see this 
bounce begin before committing to any new positions.

Picked on May 3rd at $41.89 
Gain since picked:    -0.60
Earnings Date      04/18/02 (confirmed)




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

Intl Game Tech - IGT - close: 61.87 change: +0.15 stop: *text*

Shares of IGT spent Friday's session trading in a narrow range 
between $61.60-$62.39.  The stock closed with a fractional gain, 
which is surprising when one considers that sector leaders MGM 
and HET finished solidly in the red.  However, bears can take 
heart in the fact that shares were unable to trade over 
Thursday's high and sold off sharply in the last 90 minutes of 
trading (considering the tight range, of course).  Since IGT did 
not trade at or below our action point of $61.24, this play is 
not triggered.  We suspect that the stock will build downside 
momentum once it releases from the top of its channel.  Our 
trigger is an attempt to ensure that this occurs before we 
actually open the play.

Picked on May xth at $xx.xx <- see text
Gain since picked:    +0.00
Earnings Date      04/23/02 (confirmed)
 




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

===============
HR New Plays
===============

  ----------------
  New Bullish Play
  ----------------

VeriSign - VRSN - cls: 10.07 chg: +0.22 stop: *text*

Company Description: 
VeriSign, Inc. is a provider of digital security services, 
enabling internet business to ensure that their digital commerce 
and communications are safe. VeriSign also provides web business 
with the registration of their dot-com names.

Why We Like It: 
A few nights ago we profiled VeriSign in our Watch List.  At that 
time, we pointed out that the stock had suffered a horrific 45% 
drop in price on April 25th after its earnings report and a 
subsequent series of harsh remarks from the brokerage community.  
The rapid, sharp "fast move region" left on our technical charts 
when the stock plunged that day is the reason we find VRSN 
attractive as a high-risk long position.   Stock prices have a 
tendency to rebound quickly when they enter a previous downward 
"gap" or "fast move" area.  VRSN will only be attractive to us as 
a long position if it actually begins moving back into the huge 
fast move region it left on April 25th; for our trading purposes 
this fast move region begins at 10.50 and may end at $12.05.  Our 
strategy to trade VRSN will be to buy it above 10.50, and use a 
tight sell stop of 9.96.  If this play is triggered, traders 
should be prepared to take profits around 11.90--before it hits 
the 12.05 resistance area--unless it simply slices through this 
region with no evidence it is ready to stall.  The reason we have 
added this qualification is this: if VRSN can break above $12.05 
it could trade to the top of the gap near $15.00 rather quickly--
perhaps within just a few days. Finally, remember this: a long 
position in VRSN represents a high risk, high reward play that 
needs to be traded with unwavering discipline. You need to adhere 
to your own stop loss strategy.  The number of shareholder 
lawsuits being pointed at VRSN should be evidence enough that the 
"fundamentals" aren't worth investing in this stock.  We're 
merely trying to trade an oversold bounce.

Picked on May xth at $xx.xx  <- see text 
Gain since picked:    +0.00
Earnings Date      04/25/02 (confirmed)
 




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

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

Amdocs Ltd - DOX - close: 16.74 change: -0.21 stop: 17.51 *new*

DOX might be showing sings of bottoming out.  Although shares 
lost 1.2% today, this was better than the 3.2% loss turned in by 
the GSO.X software index.  We're not surprised that the $16.50 
level is putting up resistance for the bears since shares bounced 
there a couple of days ago.  However, we continue to see lower 
highs for the stock, which is a bearish indicator of sellers 
leaning on it.  We're going to take advantage of this lower highs 
pattern and lower our stop to just above Friday's high.  This 
puts our new stop loss at $17.51.  The next couple of sessions 
could be important for DOX.  Will the GSO.X find support at the 
September lows and rebound?  Will DOX find true support at 
$16.00?  We are targeting an exit near the $15.00 level, which 
should be psychological support for the share price.  Our 
official exit target will be $15.25 and if shares trade at that 
price or lower we'll close the play (assuming we're not stopped 
out first at $17.51).  Our new stop should protect a gain of 9%.

Picked on May 3rd at $19.25
Gain since picked     +2.51
Earnings Date      04/23/02 (confirmed)
 




===============
HR Closed Plays
===============

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

Applied Materials - AMAT - cls: 23.70 chg: -1.56 stop: 24.90

Some profit-taking in the SOX.X was expected after Wednesday's 
huge short-covering rally, but sector bulls are probably getting 
a little hot under the collar after the lack of follow through 
and subsequent retracement of nearly all Wednesday's gains.  AMAT 
moved lower with the group today and has begun to fill the gap 
created Wednesday morning.  Our stop-loss of $24.90 was violated 
early in the session, which closed this play for a gain of $1.91, 
or 8.3%.  Due to its relative strength and p-n-f chart (shares 
are still above bullish support) we continue to like AMAT as a 
way to go long on the chip sector.  We suspect that the stock may 
completely fill the aforementioned gap and head higher from 
there.  However, AMAT will be hard-pressed to rally if the NASDAQ 
continues to decline.  For any traders still considering 
positions, don't forget that AMAT is expected to announce 
earnings on Tuesday, May 14th.  Any negative comments could tank 
the whole sector and likely the Nasdaq (if it wasn't falling 
already).

Picked on May 2nd at $22.99 
Change since picked:  +1.91
Earnings Date      05/14/02 (confirmed)
 






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PremierInvestor.net Newsletter         Weekend Edition 05-10-2002
                                                   Section 3 of 3
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In section three:

Market Watch for Week of May 13th
   - Major Earnings
   - Stock Splits
   - Economic Reports

Trading Ideas
  Value Plays With Bullish Signals
  Breakout to Upside (Stocks $5 to $20)
  Breakout to Upside (Stocks over $20)      
  Breakout to Downside (Stocks over $20)      
  Recently Overbought With Bearish Signals (Stocks over $20)

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


==================================================
Market Watch for the week of May 13th
==================================================

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

Symbol  Company               Date           Comment      EPS Est

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

VNT    C. A. Nac Tele de Ven  Mon, May 13  After the Bell     N/A
FUN    Cedar Fair LP          Mon, May 13  After the Bell   -0.59
CKC    Collins&Aikman         Mon, May 13  -----N/A-----     0.01
DQE    DQE                    Mon, May 13  After the Bell    0.22
EN     Enel S.p.A.            Mon, May 13  Before the Bell    N/A
HC     Hanover Compressor     Mon, May 13  Before the Bell   0.23
MAC    Macerich Company       Mon, May 13  Before the Bell   0.70
MAY    May Department Store   Mon, May 13  -----N/A-----     0.31
MCCC   Mediacom               Mon, May 13  Before the Bell  -0.65
TEM    Telefonica Moviles     Mon, May 13  Before the Bell    N/A
TM     Toyota Motor           Mon, May 13  -----N/A-----      N/A
VAL    Valspar                Mon, May 13  -----N/A-----     0.65
WTW    Weight Watchers Int    Mon, May 13  After the Bell    0.28

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

ANF    Abercrombie&Fitch      Tue, May 14  -----N/A-----     0.21
ROS    AO Rostelecom          Tue, May 14  Before the Bell    N/A
AMAT   Applied Materials      Tue, May 14  After the Bell    0.02
BEAS   BEA Systems            Tue, May 14  -----N/A-----     0.05
BNG    Benetton Group         Tue, May 14  Before the Bell    N/A
CA     Computer Ass. Int      Tue, May 14  After the Bell   -0.04
CSC    Computer Sciences Corp Tue, May 14  After the Bell    0.77
DE     Deere & Company        Tue, May 14  Before the Bell   0.43
FIA    Fiat SPA ADR           Tue, May 14  -----N/A-----      N/A
FOX    Fox Entertainment      Tue, May 14  Before the Bell   0.04
JCP    JC Penney              Tue, May 14  -----N/A-----     0.24
KEP    Korea Electric Power   Tue, May 14  -----N/A-----      N/A
NTAP   Network Appliance      Tue, May 14  After the Bell    0.04
NWS    News Corporation       Tue, May 14  Before the Bell   0.15
PUB    PUBLICIS Groupe SA     Tue, May 14  -----N/A-----      N/A
IMI    SanPaolo IMI SpA       Tue, May 14  -----N/A-----      N/A
TRK    Speedway Motorsports   Tue, May 14  Before the Bell   0.39
TIF    Tiffany Co             Tue, May 14  Before the Bell   0.22
TJX    TJX Companies          Tue, May 14  Before the Bell   0.26
UBS    UBS AG                 Tue, May 14  -----N/A-----      N/A
ZLC    Zale Corporation       Tue, May 14  Before the Bell    0.2

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

ACXM  Acxiom                  Wed, May 15  After the Bell    0.15
ADVP  AdvancePCS              Wed, May 15  After the Bell    0.33
ANN  AnnTaylor Stores         Wed, May 15  After the Bell    0.63
BOX  BOC Group PLC            Wed, May 15  -----N/A-----      N/A
BRCD  Brocade Comm Systems    Wed, May 15  After the Bell    0.06
CWP  Cable&Wireless Plc       Wed, May 15  Before the Bell    N/A
CPB  Campbell Soup            Wed, May 15  -----N/A-----     0.23
CZN  Citizens Comm Co.        Wed, May 15  -----N/A-----    -0.02
SID  Companhia Sideru Nac     Wed, May 15  Before the Bell   0.16
CSR  Credit Suisse Group      Wed, May 15  12:00 am ET        N/A
FD  Federated Department St   Wed, May 15  -----N/A-----     0.35
GMST  Gemstar-TV Guide Int    Wed, May 15  After the Bell    0.14
HPC  Hercules                 Wed, May 15  Before the Bell   0.16
INTU  Intuit                  Wed, May 15  After the Bell    0.72
JHX  James Hardie Industries  Wed, May 15  -----N/A-----      N/A
MTA  MATÁV                    Wed, May 15  -----N/A-----      N/A
NBG  National Bank of Greece  Wed, May 15  -----N/A-----      N/A
NEM  Newmont Mining           Wed, May 15  Before the Bell   0.12
JWN  Nordstrom                Wed, May 15  After the Bell    0.22
PSS  Payless ShoeSources      Wed, May 15  Before the Bell   1.05
PNX  The Phoenix Companies    Wed, May 15  Before the Bell   0.17

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

ATK    Alliant Techsystems    Thu, May 09  Before the Bell   1.02 
A      Agilent Technologies   Thu, May 16  -----N/A-----    -0.23
AZ     ALLIANZ AG             Thu, May 16  Before the Bell    N/A
AEOS   American Eagle Outfit  Thu, May 16  -----N/A-----     0.16
ADI    Analog Devices         Thu, May 16  After the Bell    0.12
ADSK   Autodesk               Thu, May 16  After the Bell    0.15
IRE    Bank of Ireland        Thu, May 16  Before the Bell    N/A
BTY    British Telecomm PLC   Thu, May 16  -----N/A-----      N/A
DELL   Dell                   Thu, May 16  After the Bell    0.16
EON    E.ON AG                Thu, May 16  -----N/A-----      N/A
HRL    Hormel Foods           Thu, May 16  Before the Bell   0.22
KSS    Kohl`s                 Thu, May 16  After the Bell    0.29
LE     Lands` End             Thu, May 16  Before the Bell   0.37
NAV    Navistar International Thu, May 16  Before the Bell  -0.11
REP    Repsol YPF, S.A.       Thu, May 16  -----N/A-----      N/A
TEF    Telefonica, S.A.       Thu, May 16  03:00 am ET        N/A
TD     Toronto Dominion Bank  Thu, May 16  -----N/A-----      N/A

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

SCM    Swisscom AG ADS        Fri, May 17  -----N/A-----      N/A

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

Symbol  Company Name              Ratio    Payable     Executable

FAST    Fastenal                  2:1      05/10       05/13
IFNY    INFINITY Inc              2:1      05/10       05/13
BBY     Best Buy                  3:2      05/10       05/13
STZ     Constellation Brands      2:1      05/13       05/14
CNTL    Cantel Ind                3:2      05/14       05/15
EPD     Enterprise Products       2:1      05/15       05/16
FULT    Fulton Financial          5:4      05/17       05/20
VLY     Valley National Bancorp   5:4      05/17       05/20
ANN     Ann Taylor                3:2      05/17       05/20
OCFC    OceanFirst Financial      3:2      05/17       05/20
MAXS    Maxwell Shoe Co           3:2      05/17       05/20
YORW    York Water Co             2:1      05/17       05/20
LLL     L-3 Communications        2:1      05/17       05/20
ZRAN    Zoran Corp                3:2      05/21       05/22
ANE     Alliance Bancorp         11:10     05/21       05/22
DCM     NTT DoCoMo                5:1      05/22       05/22
GTK     GTECH Holdings Corp.      2:1      05/23       05/24
BKNW    Bank of the Northwest     5:4      05/24       05/28

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

Earnings season rambles on.  Next week we'll have key tech stocks 
like BEA Systems, Applied Materials, Dell and Computer Associates 
reporting.  IBM has an analyst meeting on Wednesday.  Mix in 
Wednesday's CPI report, Thursday's housing numbers and Friday's 
consumer sentiment and we have the ingredients for another 
stimulating trading week. Yikes!

==============================================================
                       -For-           
Monday, 05/13/02
----------------
None

Tuesday, 05/14/02
-----------------
Retail Sales (BB)        Apr  Forecast:   0.5%  Previous:    0.1%
Retail Sales ex-auto(BB) Apr  Forecast:   0.4%  Previous:    0.3%

Wednesday, 05/15/02
-------------------
CPI (BB)                 Apr  Forecast:   0.4%  Previous:    0.3%
Core CPI (BB)            Apr  Forecast:   0.2%  Previous:    0.1%
Business Inventories(BB) Mar  Forecast:  -0.2%  Previous:   -0.1%
Industrial Production(DM)Apr  Forecast:   0.4%  Previous:    0.7%
Capacity Utilization(DM) Apr  Forecast:  75.6%  Previous:   75.4%

Thursday, 05/16/02
------------------
Initial Claims (BB)    05/11  Forecast:    N/A  Previous:    411K
Housing Starts (BB)      Apr  Forecast: 1.625M  Previous:  1.646M
Building Permits (BB)    Apr  Forecast: 1.650M  Previous:  1.630M
Philadelphia Fed (DM)    May  Forecast:   12.0  Previous:    12.3

Friday, 05/17/02
----------------
Trade Balance (BB)       Mar  Forecast:-$32.5B  Previous: -$31.5B
Mich Sentiment-Prel.(DM) May  Forecast:   93.0  Previous:    93.0


Definitions:
DM=  During the Market
BB=  Before the Bell
AB=  After the Bell



==================
  Trading Ideas 
==================

This section contains stocks that meet criteria which may make 
them of interest to long and short side traders.  These are not 
recommendations, nor have they been reviewed by PremierInvestor 
editors for investment potential.  However, each of them has 
technical and fundamental characteristics that make them worthy 
of further review by traders and investors looking for fresh ideas. 
New stocks will appear daily following the market close.  

Ticker  Company Name               Close     Change 

--------------------------------
Value Plays With Bullish Signals 
-------------------------------- 
Ticker  Company Name               Close     Change 

PDS     Precision Drilling Corp    37.94     +0.60
RGFC    R&G Financial Corp         22.56     +0.98

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

OVRL    Overland Data Inc          12.96     +1.35

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

IFIN    Investors Financial Svcs   76.43     +1.94
AM      American Greetings         22.35     +2.90
ABF     Airborne Freight Corp      22.17     +1.14
CUB     Cubic Corp                 30.24     +1.85
ASGN    On Assignment Inc          22.36     +1.24
ASA     A S A Ltd                  37.99     +1.40
JWL     Whitehall Jewelers Inc     20.49     +1.04

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

AZN     Astrazeneca                44.84     -1.16
DEO     Diageo Plc ADS             51.35     -1.51
MAR     Marriott Intl. Inc         39.60     -1.05
AGN     Allergan Inc               57.01     -4.04
REI     Relaint Energy Inc         21.45     -3.15
KG      King Pharmaceuticals       26.88     -1.92

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

E       Eni Spa ADS                73.75     -1.42
DP      Diagnostic Products Corp   46.45     -1.27
IBOC    Intl. Bancshares Corp      49.75     -1.47
UNF     Unifirst Corp              26.40     -1.55
SAFM    Sanderson Farms Inc        26.06     -0.34


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