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Daily Newsletter, Wednesday, 05/29/2002

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PremierInvestor.net Newsletter              Wednesday 05-29-2002
                                                  section 1 of 2
Copyright  2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
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In section one:

Market Wrap:      El Paso Mas Bajo!
Watch List:       PG, RCI, PLXS, PDE, and more...
Play of the Day:  Time For Another Leg Higher?


*******************************************************************
MARKET WRAP  (view in courier font for table alignment)
*******************************************************************
        05-29-2002        High      Low     Volume Advance/Decline
DJIA    9923.00  - 58.60  9988.50  9923.00 1070 mln   1397/1770
NASDAQ   1624.39 - 27.78  1644.29  1624.31 1224 mln   1311/2160
S&P 100   530.04 -  4.28   534.38   529.96   totals   2708/3930
S&P 500  1067.66 -  6.89  1074.83  1067.66
RUS 2000  487.60 -  4.81   492.05   485.74
DJ TRANS 2724.92 -  3.21  2731.40  2718.70
VIX        23.10 -  0.04    23.47    22.49
VIXN       45.70 -  0.25    46.77    45.54
Put/Call Ratio      0.89
*******************************************************************


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

El Paso mas bajo!

I took some Spanish language classes in high school.  I think I 
took Spanish for two years and managed to eek out a C+ each 
semester.  Translated, I the phrase "el paso mas bajo" would 
equate to "the step lower."  

That's what the markets did today and some of today's "step 
lower" was attributed to El Paso Corporation (NYSE:EP) $27.01 
-23.4% and this morning's announcement that the company would 
issue more stock ($1.5 billion in equity securities), sell 
approximately $800 million worth of assets, all in an effort to 
limit its investment in and exposure to the energy trading 
business.  The near-term result of all this had the company 
guiding 2002 ESP down to a range of $2.60-$2.75, which was well 
below consensus estimates of $3.33 per share.  For 2003, El Paso 
gave guidance for earnings of $2.75-$2.90, also a step lower than 
consensus estimates of $3.73 a share.

El Paso Corporation Chart - $1 box




In this morning's market monitor at OptionInvestor.com, I was 
hoping that bearish traders would get a chance to short/put the 
stock of EP at the $32-$31 level, but the stock opened at $27.75, 
traded a high of $28.76 then sold off into the close to $27.01.

However, that didn't keep me from once again profiling a bearish 
trade in shares of fellow energy trader Williams Company 
(NYSE:WMB) $15.47 -9.58%.  On May 16th, in the 01:00 intraday 
update, 
http://members.OptionInvestor.com/archive/intraday/051602_3.asp
 we mentioned this stock, along with others that appeared in a 
Wall Street Journal article about Standard & Poor's mentioning 
several stocks that might succumb to downside pressure due to a 
"cash crunch."  Some of the technicals we've talked about in the 
past regarding energy trader Dynegy (NYSE:DYN) $8.50 -12.28% from 
the $20 level, now El Paso (EP) from above, has Williams (WMB) 
still looking vulnerable.

Williams Company Chart - $0.50 and $1 box




A technician that has been studying some of the similarities 
between the supply/demand charts of DYN, PE and WMB can perhaps 
see some similarities.  It's probably not a coincidence that 
these three companies are involved in some aspect of the energy 
trading business.

More coincidence?

Another stock with an "energy trader" theme had shares of Aquila 
Inc. (NYSE:ILA) $13.86 -6.85% triggering a downside alert on my 
trading monitor in the final hour of trading.  I set an alert at 
$14.00 based on our conversation and observation in the May 16th 
01:00 update.  Any guesses what this company does?  According to 
Yahoo! Finance's profile, the company's businesses are organized 
into three groups, consisting of Networks, Energy Merchant and 
Services.  Operative business unit here is most likely the 
"Energy Merchant" business.  Another "coincidence" perhaps is 
that it too is one of the companies that S&P cited as possibly 
succumbing to some type of "cash crunch."

Aquila Inc. Chart - $0.50 and $1 box




Shares of Aquila (ILA) exceeded their bearish vertical count of 
$23 awhile ago (April 29th to be exact).  This stock ooozes 
uncertainty and I'm a bit surprised the stock is trading where it 
is.

The company changed its name and stock symbol from UtiliCorp 
(NYSE:UCU) on March 18th and the stock closed at $24.17.  I see a 
headline on January 25th, 2002, where the company priced an 11 
million share secondary offering at $23.  The stock traded heavy 
volume that day, very similar to a recent volume spike found on 
April 30th, a day before Aquila (ILA) reported earnings that were 
"in line" with expectations.  That "matching" volume looks to me 
like those institutions that may have bought the secondary 
offering on March 18th, took the door ahead of earnings on April 
30th.  Almost as if they "smelled a rat."

Auila Bar Chart - Daily Interval




I wanted to use my retracement brackets to try and help me 
understand some levels in Aquila (ILA).  The above chart is a 
composite of how the previous Utilicorp (UCU) and the now Aquila 
(ILA) have traded.  

I've noted in the UTU chart (one on the left) the volume spike 
that shows where the 11 million share secondary offering was 
placed.  That secondary is now well under water if you are the 
institution that bought a portion of that secondary offering.  We 
see on the ILA chart, a similar volume spike on April 20th 
($16.30 to $14.26) at a new 52-week low, just one day prior to 
the company's earnings report.  The earnings were "in line" only 
because the company had lowered guidance on April 19th.

It's interesting to also note that Bank of America (BAC) upped 
shares of ILA to "strong buy" from "buy" on April 22nd as BofA 
found shares of ILA attractive at only 9.3 times FY03 estimated 
earnings and believed that following Q1 preannouncement the bad 
news is not out of the way.

I like this stock short, and bears will be targeting the $11.98 
and $5.94 levels.  I wouldn't want to risk a move to 38.2% 
retracement of $18.03, and would prefer a stop just above the 
recent relative highs at $15.55.  I "smell a rat" in Aquila and 
think the MARKET knows something that Bank of America may not.

Traders that have some positions on in the "energy trading" 
stocks should monitor the various stocks in unison.  Look for 
like action at various stages to keep you on top of things.

AT&T new lows again

While all the "financial difficulties" and various SEC 
investigations in various stocks is weighing once again on the 
markets, today's downgrade by Moody's Investor Service of Dow 
Component AT&T's (NYSE:T) $12.01 -3.2% unsecured long-term debt 
to two notches above "junk" status didn't help the bulls.  
Moody's downgraded T's unsecured debt due to weakened revenue 
prospects for the long-distance voice and data industry.

Both the Combinded Telecom Index (IXTCX) 133.85 -1.95% and North 
American Telecom Index (XTC.X) 530.73 -1.78% traded lower as many 
telecom service stocks found selling.

Also hit hard was the Fiber Optic Index (FOP.X) 64.66 -3.08%, 
which broke to a new 52-week low.  

I went through some charts of the FOP.X components today and it 
was hard to find many that hadn't achieved a prior bearish count.  
One stock in the group that looks vulnerable to some downside is 
shares of Newport Corporation (NASDAQ:NEWP) $18.09 -2.05%.  

The point and figure chart just gave a double bottom sell signal 
at $18.00, which now has the bearish vertical count hinting at 
$13.00.  The bearish resistance trend is up above at $22, which 
ties in pretty darned close to the recent relative high that NEWP 
reversed from and very near my 61.8% retracement level.

Newport Corporation Chart - Daily Interval




I think a bearish trader can control his/her risk in a bearish 
trade in Newport (NEWP) by looking to short the stock on a break 
below the $17.92 level, follow with a stop just above the 38.2% 
retracement of $18.50 at $18.75 to start with.  A near-term 
target would be the 19.1% retracement level of $15.61 (ties in 
nice with early November) and should things continue to get 
bearish in the telecom sector, a test of the lows at $12.73 isn't 
out of the question.

Jeff Bailey
Senior Market Technician


==================================================================
WATCH LIST
==================================================================

The PremierInvestor.net watch list is not designed to be read
as full fledged stock picks.  Rather we would prefer to offer
it as an extra tool in today's investor toolbox.  Think of it
as a radar screen with your own radar operator pointing out
interesting developments, technical patterns or potential plays
that you may or may not have seen on your own.  Due to time
constraints we do glance at the news but rarely do we have 
time to fully read pertinent news stories, due background 
research and other necessary screens that investors should do
before making a decision.  A common exercise is to read the
entry, glance at the sector and other stocks in that industry
and then compare what's happening in the stock to what's 
happening in the broader market indices.  We hope you enjoy
the Watch List and that it proves to be a useful tool for your
own trading success.

STOCKS WORTH WATCHING
---------------------------------


Procter & Gamble - PG - close: 87.02 change: -0.99

WHAT TO WATCH: Since September, shares of PG have been marching 
higher in a well-defined ascending channel.  With the stock now 
just below the bottom of the channel, it might be a good time to 
start thinking about an entry strategy.  The increasing volume 
seems to suggest that downward momentum is accelerating, so we 
wouldn't recommend taking an long positions at this time.  
Rather, we'd like to see shares firm up at current levels and 
begin to move back into the regression channel.  Watch for a 
bounce from the $85 level or a move over $89.00.




---

Renal Care Group - RCI - close: 32.80 change: +0.35

WHAT TO WATCH: From early-March to late-April, the RXH.X 
healthcare index staged a huge rally of nearly 29%.  Some 
consolidation of those gains brought the index back to its 50-
dma, from where sharply bounced last week.  It's been 
outperforming the Dow ever since.  RCI appears to be a good way 
to take advantage of continued strength in the RXH.  The stock 
recently bounced from p-n-f support and also boasts a MACD that 
is approaching a bullish crossover.  Traders can target a 
pullback to the $32 level or a close over $33, but be aware that 
the 50-dma make act as resistance.  We'd be shooting for a near-
term move to the 52-week high at $36.00.




--- 

Plexus Corp. - PLXS - close: 22.44 change: -3.71

WHAT TO WATCH: Plexus is a networking stock that has been 
building an ugly long-term triangular consolidation since April 
2001.  The stock was down over 15% today on a downgrade from 
Raymond James & Associates. This event may precipitate a break of 
Plexus' lower boundary, sending the stock into a virtually price 
plunge. A break below $20.65 has the potential to send it down to 
the $15.75 region.  Short positions should probably only be 
initiated once the $20.65 level is broken.




---

Pride International - PDE - close: 19.40 change: -0.10

WHAT TO WATCH: We like the pattern that is appearing on many of 
the oil services stocks.  This sector seems to have completed a 4 
week consolidation and stocks like PDE, RIG, OII and BJS all seem 
to be shoving off their consolidations.  If we did not already 
have RIG as one of our plays, we would add PDE.  We like PDE as a 
long position on a move above its recent high of $19.70





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

Ann Taylor Stores - ANN - close: 29.37 change: -1.25

Ann Taylor was downgraded today by Banc of America Securities, 
and the stock now appears to be in a multi-weak consolidation.  
Short positions would be most appropriate on a rebound in ANN's 
stock price, up to the $30.65 region.  The first likely point at 
which the stock could initiate a rebound would be in the $25.38 
are (38.2% Fibonacci retracement, and support area).




---

Cleveland Cliffs - CLF - close: 27.70 change: -1.25

This stock can go either way; one things seems for sure, though: 
whichever way it decides, look for a strong move.  We would play 
CLF this way:  enter long positions on a breakout above Tuesday's 
high of $30.00; consider short positions on a move below the 
recent low of $26.40. Although the 50-dma current sits at $26.00, 
a move below $26.49 puts the stock in a gap which has the ability 
to pull it quickly below the 50-dma. 




---

Dollar General - DG - close: 17.78 change: +0.98

Dollar General reported yesterday that its sales are ahead of 
forecast, and this has helped push the stock out of a 
consolidation in which it has been mired since January of this 
year.  We like the stock above today's high of $17.40 with a stop 
below the 50-dma ($15.90).





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

Tenet Healthcare - THC - close: 72.98 change: +0.95 stop: 69.33

Company Description:
Tenet Healthcare, through its subsidiaries, owns and operates 116 
acute care hospitals with 28,677 beds and numerous related health 
care services. Its hospitals and subsidiaries employ 
approximately 113,750 people serving communities in 17 states. 
(source: company website)

Why We Like It:
There aren't a lot of strong sectors lately, what with the 
general low-volume malaise that's been plaguing the market.  The 
healthcare group, however, has stood out as a pillar of strength.  
The HMO.X health provider index spent most of May consolidating 
its powerful March/April rally.  Lately its looks like the bulls 
are stirring again.  Running contrary to the lackadaisical 
broader market, the index has been trending higher over the past 
week and is threatening to break over near-term resistance at 
620.  For a more detailed of the HMO.X, please check today's 1:00 
intraday update.  Based on its technical bullishness, we think 
THC is well-positioned to take advantage of a healthcare rally.  
The stock pulled back in an orderly fashion during the sector's 
consolidation period and recently bounced from its rising 50-dma.  
Shares outperformed the market today with a 1.3% gain, which was 
backed by stronger-than-average volume.  The oscillators are 
bullish as well, with the MACD turning higher from the baseline 
and Daily Stochastics (5,3,3) bouncing from the lower band.  
Additional buying could be generated by the upcoming 3-for-2 
split on June 28th.  Given the strong technicals, we're 
anticipating a successful test of the all-time high of $75.45.  
This would clear the way for a move to our profit-target at the 
$80 level.  We'll start this play with a 5% stop at $69.33, below 
both the 50-dma ($70.50) and the May low of $69.52.

Picked on May 29th at $72.98
Change since picked:   +0.00
Earnings Date       04/02/02 (confirmed)






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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
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The Premier Investor Network.
Do not duplicate or redistribute in any form.




PremierInvestor.net Newsletter                Wednesday 05-29-2002
                                                   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/e29b_2.asp
=================================================================

In section two:
  
Net Bulls
  Stop Adjustments:      CLS (bearish)
  Closed Bullish Plays:  SNE

Active Trader Non-Tech Stocks 
  New Bullish Play:      THC
  Triggered Plays:       RSG (bullish)
  Stop Adjustments:      DHR (bearish)
  Closed Bullish Plays:  MHK


Split Trader
  Stock Splits
                         PROV:  3-for-2 split announcement
                         FVB:   3-for-2 split announcement
                         SGA:   5-for-4 split announcement

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 Play Updates
=============== 

Stop Adjustments
----------------

Celestica - CLS - close: 29.70 change: -0.75 stop: 31.91 *new*

Electronics equipment manufacturer Celestica was weak again 
today, with the stock falling more than 3% by mid-day.  We have 
decided to protect our short position by lowering our buy stop to 
a level above CLS's declining 50-dma AND its upper Bollinger Band 
(5-dma w/1.7 sd).  Accordingly, we have set the new stop at 
$31.91. 


 


===============
NB Closed Plays
===============

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

Sony Corporation - SNE - cls: 57.80 chg: -0.43 stop: 58.31

On the day that Merrill Lynch raised its rating on Sony to a 
"Strong Buy, Intermediate Term," the stock broke below the sell 
stop we had recently selected ($58.31) to protect the excellent 
profits we had in this play.  As a result, we've closed this play 
out with just about a 10% gain.  Please note that in coming days 
there is a good chance SNE will decline further.  Today's trading 
has pushed it down into a fast move region, and gap, which could 
see SNE consolidate down to the $55.50 region or slightly lower.  
We still like this stock very much, including its technical 
pattern.  We may re-initiate a long play on this stock once it 
has finished its current consolidation.

Picked on April 4th at $53.10 
Gain since picked:      +5.21
Earnings Date        04/25/02 (confirmed)






=================================================================
Active Trader/Non-tech Stocks (AT) section
=================================================================

=============
AT New Plays
=============

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

Tenet Healthcare - THC - close: 72.98 change: +0.95 stop: 69.33

Company Description:
Tenet Healthcare, through its subsidiaries, owns and operates 116 
acute care hospitals with 28,677 beds and numerous related health 
care services. Its hospitals and subsidiaries employ 
approximately 113,750 people serving communities in 17 states. 
(source: company website)

Why We Like It:
There aren't a lot of strong sectors lately, what with the 
general low-volume malaise that's been plaguing the market.  The 
healthcare group, however, has stood out as a pillar of strength.  
The HMO.X health provider index spent most of May consolidating 
its powerful March/April rally.  Lately its looks like the bulls 
are stirring again.  Running contrary to the lackadaisical 
broader market, the index has been trending higher over the past 
week and is threatening to break over near-term resistance at 
620.  For a more detailed of the HMO.X, please check today's 1:00 
intraday update.  Based on its technical bullishness, we think 
THC is well-positioned to take advantage of a healthcare rally.  
The stock pulled back in an orderly fashion during the sector's 
consolidation period and recently bounced from its rising 50-dma.  
Shares outperformed the market today with a 1.3% gain, which was 
backed by stronger-than-average volume.  The oscillators are 
bullish as well, with the MACD turning higher from the baseline 
and Daily Stochastics (5,3,3) bouncing from the lower band.  
Additional buying could be generated by the upcoming 3-for-2 
split on June 28th.  Given the strong technicals, we're 
anticipating a successful test of the all-time high of $75.45.  
This would clear the way for a move to our profit-target at the 
$80 level.  We'll start this play with a 5% stop at $69.33, below 
both the 50-dma ($70.50) and the May low of $69.52.

Picked on May 29th at $72.98
Change since picked:   +0.00
Earnings Date       04/02/02 (confirmed)



 

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

Triggered Long Plays
---------------------

Republic Services - RSG - close: 21.04 change: -0.11 stop: 19.87

Garbage collector (OK...domestic waste disposal company) Republic 
Services started today's trading day by triggering our buy stop 
of $21.16.  As we indicated in our initial presentation on this 
play (May 28th), we'll now use a sell stop of $19.87.  JP Morgan 
upgraded the stock to a "buy" on May 28th and we expect this to 
help the stock weather any rough market conditions in coming 
days.





Stop Adjustments
---------------------

Danaher Corp. - DHR - cls: 68.88 chg.: -0.69 stop: 72.01 *new*

Scientific and industrial toolmaker Danaher Corporation has been 
forming a head and shoulders (H&S) top since mid March.  During 
this time, the stock's rising 50-dma has turned flat, and its 
weekly technical indicators, particularly the RSI and Stochastic 
Oscillator, have begun turning decidedly downward. While DHR is 
on the verge of having this pattern break down, we are always 
aware that the failure of an H&S top to do break down can result 
in a sharp, surprise snap-back rebound.  In order to protect our 
short position at this time, we've lowered our buy-stop to a 
level above the 50-dma and the upper Bollinger Band.  The new 
stop is at $72.01.





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

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

Mohawk Industries - MHK - cls: 65.85 chg: -1.15 stop: 64.87

Wednesday's weakness in the broader market finally took its toll 
on our construction and housing play, Mohawk Industries.  During 
the first hour of trading this morning, our sell stop at $64.87 
was hit, and this trade is now closed with a 2% loss.  MHK is 
trading just above its 50-dma, which has now flattened, and it 
will be important for the stock to remain above this level for 
those who continue to hold the stock.  On a technical note, we 
now show that MHK is forming a double top on its weekly price 
chart, and this top is accompanied by a bearish RSI divergence.  
These patterns almost always result in a meaningful pullback in a 
stock.  It is our opinion that the stock has likely peaked for 
the next several weeks and is now headed lower through a portion 
of this summer.

Picked on May 3rd at $66.30
Gain since picked:    -1.43
Earnings Date      04/15/02 (confirmed






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

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

Provident Financial offers 3-for-2 stock split

Prior to the opening bell this morning, Provident Financial
Holdings, Inc. (NASDAQ: PROV) announced that its Board of
Directors had authorized a 3-for-2 stock split.

The split will take the form of a 50% stock dividend and will be
distributed on July 12, 2002 to stockholders of record on June
25, 2002.

PROV has not split since it began trading in 1996.  Shares have
more than doubled in the past two years, and are higher by 23%
YTD.

Shares closed at $32.19 on Tuesday.  For a current quote,
click here:

http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=PROV

About the company
Provident is a community-oriented, federally chartered, full-
service retail bank with assets of more than $1 billion. With
headquarters in Riverside, the bank currently has 11
retail/business banking offices and 8 loan production offices in
Southern California. (source: company press release)

---

First Virginia sets 3-for-2 stock split, raises dividend

Shortly after 12:00 EDT today, First Virginia Banks Inc. (NYSE:
FVB) announced that its Board of Directors had declared a 3-for-2
stock split.

The split will take the form of a 50% stock dividend and will be
issued on August 16, 2002 to stockholders of record on July 31,
The Board also announced a 5% increase in its quarterly cash
dividend, to 41 cents/share.  The dividend will be paid on July
15, 2002 to shareholders of record on June 28, 2002.

FVB has split three times in the past ten years, with the most
recent split coming in 1997.

Shares closed at $57.34 on Tuesday.  For a current quote,
click here:

http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=FVB

About the company
First Virginia has total assets in excess of $10.7 billion and is
the largest independent banking company headquartered in Virginia
and one of the 50 largest in the United States. There are
currently eight banks in the First Virginia group with 305
offices in Virginia, 55 offices in Maryland and 11 offices in
East Tennessee. First Virginia also operates a full-service
insurance agency, First Virginia Insurance Services, Inc.
(source: company press release)

---

Saga Communications Announces 5-for-4 stock split.

After the NYSE closed on May 29th, broadcasting conglomerate Saga 
Communications said that its Board of Directors has declared a 5-
for-4 stock split.  The split will be provided to shareholders of 
record as of May 31, 2002 and will be effective June 15th, 2002.  

This is SGA's 6th stock split since its initial public offering in 
December 1992. The stock more than doubled from December 2001, 
when it hit a low of $12.75, until its recent early-May high of 
$29.25.  Shares closed at $22.44 on Wednesday.  

For a current quote, click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=SGA

About the company
Saga Communications, Inc. is a broadcasting company whose business 
is devoted to acquiring, developing and operating broadcast 
properties. The Company owns or operates broadcast properties in 
21 markets, including 38 FM and 23 AM radio stations, 2 state 
radio networks, 1 farm radio network, 4 television stations and 3 
low power television stations. Saga has entered into an agreement 
to acquire the stock of Roberts Communication, Inc., the owners of 
WXOD-FM and WKBK-AM, Keene, NH. Saga expects the WXOD and WKBK 
transaction to close in the third quarter of this year (SOURCE: 
Saga Communications, Inc.)


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

TOT     Total Fina Elf SA          77.68     +0.54
VNO     Vornado Realty Trust       45.23     +1.13
LRY     Liberty Property Trust     34.12     +0.77
CLI     Mack Cali Realty Corp      35.00     +0.81
PRGO    Perrigo Co                 13.40     +0.67
HBHC    Hancock Holding Co         59.79     +1.24

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

SPAR    Spartan Motors Inc        13.25       +1.36
AIRM    Air Methods Corp          11.64       +0.89
TREE    LendingTree Inc           13.99       +1.69
MDCI    Medical Action Inc        15.45       +1.01

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

TRI     Triad Hospitals Inc       44.50       +2.09
CBRL    CBRL Group Inc            32.52       +1.56
PYPL    Paypal Inc                29.00       +2.50
KROL    Kroll Inc                 22.10       +1.30

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

TMX    Telefonos De Mexico        34.55       -1.75
EP     El Paso Corp               27.01       -8.26
MON    Monsanto Co                26.08       -1.70
FMX    Fomento Economico Mex      42.15       -1.75
VLO    Valero Energy Corp         38.42       -1.32
COH    Coach Inc                  51.10       -1.75

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

RCII   Rent-A-Center Inc          54.21       -4.22
EME    Emcor Group Inc            56.25       -2.27
BN     Banta Corp                 34.48       -1.22




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