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Daily Newsletter, Monday, 08/26/2002

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PremierInvestor.net Newsletter              Monday 08-26-2002
                                                  section 1 of 2
Copyright  2002, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================

In section one:

Market Wrap:      Weighing In
Watch List:       ADBE, GAS, HON, MCD, SEBL, SLB, and more...
Play of the Day:  Cycling Lower


*******************************************************************
MARKET WRAP  (view in courier font for table alignment)
*******************************************************************       
08-26-2002                High    Low     Volume Advance/Decl
DJIA     8919.01 + 46.05 8949.53  8756.02 1231 mln  2001/745
NASDAQ   1391.74 + 32.66 1394.24  1360.43 1414 mln  2040/1180
S&P 100   477.59 +  3.09  479.23  468.25   totals   4041/1925
S&P 500   947.95 +  7.09  950.80  930.42
RUS 2000  407.73 +  7.60  407.73  397.71
DJ TRANS 2424.51 + 30.19 2425.05  2371.52
VIX        32.29 -  0.52   35.21  31.85
VIXN       48.42 + 0.80    48.24  50.93
Put/Call Ratio 0.81
*******************************************************************
 

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

In a day of "hammock" trading, the Dow slide downward in the morning, 
but then traded higher in the afternoon to post a +46.05 
gain, closing at 8919.01.  The Nasdaq Composite elevated 11.12 
points to finish the session at 1391.74.  NYSE advancing issues 
exceeded decliners 2007 to 745, while Nasdaq performers outpaced 
lagers 2040 to 1180.  Volume was extremely light in today's 
session with 1.2 billion shares exchanging hands on the NYSE, and 
1.4 billion trading on the Nasdaq.  

The theme of the day could be vacation; perhaps that is where the 
majority of investors are.  With NYSE volume weighing in 
exceptionally flimsy, directional conviction has certainly not 
been proven by the masses.

Treasuries witnesses a slight amount of volume today with the 30-
Year yield falling -0.21 to 5.006, and the 10-Year Treasury yield 
declining -0.22 to 4.026.  

Merger Kiss

Swiss based Nestle foods made a bid for Hershey in the chocolaty 
name of $11.5 billion dollars.  If the merger were to 
materialize, it would make Nestle the leading candy company in 
the United States.  Although the move would help Nestle leap into 
the U.S. market, the proposed merger could raise issues with the 
DOJ and antitrust concerns.  Hershey Foods (NYSE:HSY) rose +1.77 
in today's session, to close at 76.80.     

A Better Debt Trap

Fitch Investor's Service downgraded Walt Disney's (NYSE:DIS) debt 
today, lowering their rating to BBB+ from the previous A-.  
Disney has been having problems for quite some time stemming from 
poor amusement park attendance, a lack of hit shows on ABC, and 
growing concern about Michael Eisner's ability to affectively 
manage the company.  Stay tuned, restructuring ahead!  

The Realest Estate

Today produced two economic reports regarding real estate: 
Existing Home Sales, and New Home Sales.  Existing Home Sales 
increased 4.5% in July.  The report concluded 5.33 million 
existing home sales versus 5.30 expected by analysts.  Sales 
increased in all regions of the nation except the West, which 
declined by 2%.  The report indicates that existing home sales 
continue to show strength, even with the drop in June.  However, 
sales are not as zealous as previous months.  Many Americans have 
already taken advantage of low mortgage rates, or are being edged 
out of the market because of price affordability.  

New Home sales increased to 6.7% from June, with the largest 
gains coming from the Midwest and South.  Analysts had expected 
975 thousand new home sales, but were surprised with the 1017 
reported.  Inventories of new homes are lower, with July 
reporting 3.9, which is the tightest inventory since December of 
2001, when the reading was 3.7.  Many analysts agree that the 
surge in buyers is due to low mortgage rates.  They also concur 
that if and when mortgage rates rise above 7%, the market could 
quickly cool off. 

Screening the Dow Jones U.S. Home Construction Index (DJUSHB), 
today's news helped the index to close above the 50-dma and the 
200-dma.  A move away from the averages could aid the DJUSHB to 
trade higher, though the index does have a considerable amount of 
congestion resistance to battle if ascension is to become a 
possibility.  Investors could be starting to worry about rising 
interest rates, and thus, trader fears might create a "buy the 
rumor, sell the news" mentality.     

Chart of Dow Jones U.S. Home Construction Index, Daily.


 

How Now Dow Cow

Chart of: Dow Jones Industrial Average, Daily. 




Posting a modest gain on the day, the Dow has been trading in an 
ascending wedge for the last five weeks.  The sell-off early in 
today's session bounced off of the 8750 region, which was also 
ascending support.  For the Dow to trade higher, the index needs 
to move above technical and psychological resistance at 9000.  
Possibly hindering escalating progress are the daily Stochastics 
(currently in the overbought region), which could add weight to 
near-term buying momentum.  On a positive note, the Dow has been 
able to stay above the 50-dma and could begin to build further 
support at 8750.  Bears are looking for a breach of the ascending 
trend line to signal another turn towards the wayside.  

Chart of: Nasdaq 100, Daily.




The Nasdaq 100 is still trying to move above the long-term 
resistance (upper red line), which is the descending trend line 
from the beginning of the correction in March of 2000.  The index 
seems to be stuck in a tight range between the 50-day ma (pink 
line) and the near-term descending resistance (maroon line).  A 
budge above the near-term descending resistance could signal an 
attempt to test the long-term resistance in the 1130 area.  
Traders will be closely watching the Semiconductor Index (SOX.X), 
GSTI Software Index (GSO.X), and the Biotech Index (BTK.X) for 
leading guidance.  For a list of Nasdaq 100 companies click on 
the link: 
http://www2.barchart.com/sectors.asp?sec=0903.sec&hlt=QCOM&level=
2&title=Indices+Nasdaq+100

SpOILed Thoughts

Chart of: Crude futures: October, Daily




The "war premium" on oil continues to keep crude futures extended 
into the petroleum heavens.  Comments by Dick Cheeney today 
indicated that he considered Saddam Hussein to a formidable 
threat "now", and that if Hussein is left alone, he could later 
use nuclear arms to strong-arm mid-east countries.  Cheeney 
indicated that with Hussein continuing to acquire nuclear, 
chemical, and biological weapons of mass destruction, the United 
States needs to consider immediate military action.  

October Crude Futures lost -0.05 cents on the day closing at 
29.23 per barrel.  According to candlestick chartists, today's 
move could be a "tweezers top", and might indicate selling on the 
horizon.  However, in light of the current political environment, 
technical analysis regarding oil futures could easily be thrown 
out of the window.  How about a Thomas Jefferson list for which 
direction crude futures could go?

========================================================
         Up              |            Down
========================================================
* U.S goes to war.       |    * Saudi Arabia increases
                         |      production.
* OPEC decides to        |    * OPEC nations over 
  decrease supply        |      produce (increase 
                         |      supply).
* Hussein destroys       |    * U.S. uses Strategic 
  oil fields             |      Petroleum Reserve
                         |      to increase supply.
* Cold Winter            |    * Notion of war 
                         |      loses steam.
                         |    * Mild Winter
========================================================

Well, the list is certainly not a blowout, but it does seem that 
the reasons for oil to go down are more reasonable than an 
increase.  Oil gurus seem to agree that although there is reason 
for the price of oil to be high, the current levels are not 
sustainable for long periods of time.  Further, the U.S. 
government could intervene with the SPR, as oil at $29.00 dollars 
per barrel is not a good equation for economic recovery.  

Overall, today's lackluster volume indicates...vacation.  Err, 
ugh, either that or skepticism is preventing investors from 
committing further funds to the market with September 11th, and a 
lack of economic certainly threatening monetary courage.  
Consumer confidence and spending could still be hampering 
investment dollars, as retail sales are not entering the high end 
of expectations.  

The markets are slowly drifting upwards on light volume, which is 
scary because it would seem that buyers are certainly not out in 
droves.  I know I mentioned this last week, and hate to repeat 
myself once more, but volume is the key.  If buyers start to 
accumulate in herds, then bulls could be believers in the recent 
move up.  However, with light volume, one might conclude that 
bears are on vacation and when volume does return, it could be in 
the form of profit takers with sell tickets in hand.  

Though perhaps both bulls and bears have simply resigned from 
doing anything brazen until after September 11th and more 
economic data surfaces.  Time + Volume = Market Direction/Trend.    

This week should provide further economic insight with Durable 
Orders tomorrow, Consumer Confidence on Wednesday, GDP on 
Thursday, and Personal Income on Friday.  

Watch for volume and (as Chevy Chase said in Caddy Shack) you 
will "Be the ball".  

Mark Whistler	
Editor
mwhsitlerPremierInvestor.net




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


Adobe Systems - ADBE - close: 20.88 change: +0.41

WHAT TO WATCH: ADBE displayed relative strength on Monday, 
posting a 2.0% gain and closing near the best levels of the 
session.  In a related development, the GSO.X software index 
successfully tested the 100 level today.  This may indicative of 
a near-term reversal.  It'll take a real effort by the bears to 
push the GSO under this region, which lies just above the 50-dma.  
ADBE has spent the past week consolidating its mid-August gains 
and looks poised to fill in the remainder of the August 1st gap.  
Bullish entries can be targeted on a move above the relative high 
at $21.12.  




--- 

Nicor Inc - GAS - close: 30.74 change: +0.84

WHAT TO WATCH: Helped along by a recent bounce in natural gas 
futures (ng02v), shares of GAS have rebounded impressively over 
the past month.  The stock cratered to a low of $18.09 after the 
company revealed accounting irregularities in July.  Recent 
action suggests that Wall Street thinks this sell-off may have 
been overdone.  To be sure, going long this stock requires an 
aggressive trading strategy.  Shares are technically overbought, 
and the issue of accounting concerns could rear its ugly head 
once again.  However, those who are willing to handle the risk 
can target bullish entries on a move above today's high ($30.80).  
Today's close above $30.00 is a positive technical development 
that could bring more buyers off the sidelines.  GAS is in the 
process of filling in its July 19th gap and has no overhead 
resistance until the declining 50-dma at $34.96.  By targeting 
this level and placing a stop just under the relative low of 
$29.49, one can create a favorable risk/reward ratio.




---

Honeywell - HON - close: 30.29 change: -0.06 

WHAT TO WATCH: For slightly more than a month, HON has 
consolidated in a wedge pattern.  The declining MACD and daily 
stochastic oscillators are signs that a breakdown could be on the 
horizon.  The stock was relatively weak today, underperforming 
both the Dow Jones and DFX.X defense index.  Speaking of the DFX, 
the overhead 50-day and 200-day moving averages pose a formidable 
challenge for the bulls.  HON will be hard-pressed to maintain 
current levels if the defense group suffers a sector-wide 
decline.  Short entries can be gauged on a move under today's low 
of $29.75.




--- 

McDonalds Corp - MCD - close: 23.96 change: -0.19

WHAT TO WATCH: This Dow Component may give investors a bad case 
of indigestion.  MCD has begun to rollover from just below 
psychological resistance at $25.00.  Interestingly, extending a 
horizontal trend line from the 2001 lows shows that this level 
($24.75) has also acted as resistance.  Coincidence?  Perhaps.  
But judging by today's relative weakness versus the Dow and the 
declining daily Stochastics (5,3,3), the bears appear to have the 
upper hand.  Short entries can be considered on a move under 
today's low ($23.35), with an initial profit-target in the 
$21.75-$22.00 range.  This is where MCD found support during its 
July and August sell-offs.




--- 

Siebel Systems - SEBL - close: 9.91 change: +0.37

WHAT TO WATCH: Can you say "pivot point?"  Shareholders of SEBL 
recently enjoyed a steep rally off the multi-year low of $7.40.  
The stock has spent the last three sessions meandering under 
psychological resistance at $10.00.  A rollover from this level 
could lead to a round of profit-taking that takes SEBL back to 
the $8.00-$9.00 region.  However, bulls should be watching for a 
move above $10.24.  This would put the stock into its July 18th 
gap, thus clearing the way for a move to the 50-dma at $10.93.  
Short-term traders could target this level, while those with a 
longer timeframe could look for a move to the pre-gap range near 
$12.00.




---

Schlumberger Ltd - SLB - close: 45.19 change: +1.65

WHAT TO WATCH: The oil service index (OSX.X) gained 2.7% today.  
The catalyst for this bullish action was a continued rally in 
front-month crude oil futures (cl02v), which tacked on 65 cents.  
Should this trend continue, SLB looks like a good candidate for a 
long play.  Shares have broken above intermediate-term resistance 
at $44.00 and also successfully dealt with psychological 
resistance at $45.00.  Today's relative strength versus the OIX 
bodes well for the bulls.  Additional technical encouragement can 
be gleaned from the uptrending daily stochastics (5,3,3) and 
double-top p-n-f buy signal.  In terms of specific action points, 
long positions can be gauged on a move above today's high 
($45.41).  We'd be looking for a rally to the next level of 
overhead resistance in the $49-$50 area.




---

Staples Inc - SPLS - close: 14.05 change: -0.53

WHAT TO WATCH: After putting in a double-top near $17.50 last 
week, shares of SPLS proceeded to reach a multi-month low.  The 
stock has enjoyed reliable long-term support in the $13.75 
region, so a violation of this level could have bulls running for 
the exits.  Daily stochastics are already entering the oversold 
region, but the newly-minted bearish MACD crossover is an 
indication that SPLS has plenty of downside remaining.  Bears can 
also be encouraged by the double-bottom sell signal on the p-n-f 
chart.  Aggressive traders can consider going short on break 
under $13.64.  A reasonable profit target would be the September 
lows near $11.00.  




---

Telecom Brasil - TBH - close: 20.08 change: +1.22

WHAT TO WATCH: Brazil's Bovespa index rallied sharply today amid 
speculation that discussions between U.S. banks and government 
officials would lead to an influx of new lines of credit.  
Several banks also said that they would not reduce the country's 
credit rating.  Although this news is seemingly positive, the 
presidential elections on October 27th continue to cast a cloud 
of uncertainty over Brazilian markets.  With the Socialist-
leaning candidate still holding on to a sizable lead in the 
polls, it's hard to imagine buyers rushing into shares of 
Brazilian ADR's such as TBH.  Technically, the development to 
watch for is a rollover from psychological resistance at $20.00 
(current levels), which is bolstered by the declining 50-dma at 
$20.17.  TBH hasn't closed above this moving average since April.   
The stock is also near the top of its descending regression 
channel, and the daily stochastics (5,3,3) are approaching the 
overbought extreme.  Unless more positive news surfaces to 
support TBH, odds of a pullback seem high.




--- 

Unilever - UN - close: 58.48 change: -0.90

WHAT TO WATCH: The daily chart for UN looks an awful lot like the 
parabolic pattern a ball traces when you throw it into the air.  
After experiencing a powerful rally from the July lows near $48, 
shares seem to be obeying the laws of gravity.  UN underperformed 
the Dow Jones on Monday and posted a 1.5% loss.  This was enough 
to take the stock below both the 50-day and 200-day moving 
averages.  The MACD is beginning to curl lower near the baseline, 
and the p-n-f chart has just reversed into a column of "O's."  
Given this negative technical picture, we believe UN could 
eventually fill in its breakaway gaps above $54 and $52.  Bearish 
positions could be gauged on a move under today's low ($57.88).  
Possible support exists in the $56.00 area, but the bulls would 
have a tough time defending this level if the broader market 
begins to sell off.





===============
Play-of-the-Day (Non-tech BEARISH play)
===============

Colgate Palmolive - CL - close: 53.26 change: -0.51 stop: 55.01

Company Description:
Colgate-Palmolive is a leading global consumer products company, 
tightly focused on Oral Care, Personal Care, Household Surface 
Care, Fabric Care and Pet Nutrition. Colgate sells its products 
in over 200 countries and territories around the world under such 
internationally recognized brand names as Colgate, Palmolive, 
Mennen, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, Ajax, 
Axion, Soupline, Suavitel and Fab, as well as Hill's Science Diet 
and Hill's Prescription Diet pet foods.
(source: company press release)



- ORIGINAL WRITE UP: August 23rd, 2002 -
 
Why We Like It:
It would seem that the economically sensitive cyclicals are hard-
pressed to find confidence from bulls with a potential slow 
fiscal recovery. With the Morgan Stanley Cyclical Index (CYX.X) 
finding resistance at the 50-dma, the index might be in for a bit 
of cooling.  Daily Stochastics give the impression being 
moribund, appearing to fall out of the overbought region.  
Weakness in the cyclical sector could help our short Colgate 
Palmolive to also find fragility.  

Most recently, CL staged an 18% rebound from the relative low on 
July 19th.  As impressive as that bounce is, the stock has 
recently found formidable resistance at the 200-dma.  The last 
two days have brought bears off the fence, promoting selling as 
the stock has seemingly run out of legs.  As is the case with the 
CYC.X, the daily Stochastics for CL give the impression of 
descending from the overbought region, while the MACD looks as if 
it could be turning over.  Our plan for this position is short 
and sweet: our trade will be triggered if the stock falls below 
today's low of $53.60, with a stop 10 cents above the 200-dma at 
55.01.  The newsletter's initial profit target is at $51.25, 
though if the stock approaches the 50-dma with bearish vigor, we 
will quickly transfer the profit objective to a lower level.  
Descending support lies at $52.50-53.00, and at the whole number 
of $52.00.  If all things work out, cyclical bulls will collapse 
to the ground below.    

- Play-of-the-Day Comments: August 26th, 2002 -

Our hypothetical short trade in CL was triggered this morning 
after the stock hit our entry point of $53.59.  Shares 
underperformed the broader market and finished with a loss of 
nearly 1%.  This relative weakness is a negative development that 
could bring more bears out of the woodwork on Tuesday.  The 
oscillators are looking weak as well, with the daily stochastics 
plummeting and the MACD just beginning to cross over.  In terms 
of sector strength, the CYC.X cyclical index remains under the 
50-dma (505) and continues to look top-heavy.  New short 
positions can be considered if CL falls under today's low at 
$52.76.  Remember that our stop-loss for this play is set at 
$55.01.

Picked on August 26th at $53.59 
Results since picked:     +0.33
Earnings Date          07/23/02 (confirmed)
 



=================================================================
To stop receiving this PremierInvestor.net Newsletter,
send email to Contact Support
=================================================================
DISCLAIMER
=================================================================

This newsletter is a publication dedicated to the education
of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding trading in stocks. It
is possible at this or some subsequent date, the editors and
staff of PremierInvestor.net may own, buy or sell securities
presented. All investors should consult a qualified professional
before trading in any security. The information provided has
been obtained from sources deemed reliable but is not
guaranteed as to accuracy or completeness. PremierInvestor.net
staff makes every effort to provide timely information to its
subscribers but cannot guarantee specific delivery times due to
factors beyond our control.

Please read our disclaimer at:
http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html

*****************************************************************
ADVERTISING INFORMATION

For more information on advertising in PremierInvestor.net
Newsletter, or any Premier Investor Network newsletter please
contact Contact Support.

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


Copyright  2002  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.






PremierInvestor.net Newsletter                Monday 08-26-2002
                                                   section 2 of 2
Copyright  2002, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================

In section two:

Net Bulls Tech Stocks
  Closed Plays:            IBM (Bullish) 

Active Trader Non-Tech Stocks
  Triggered Plays:          C, CL, PSS (Bearish) 

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

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

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

Intl Business Machines - IBM - cls: 79.42 chg: -0.98 stop: 78.99

The ability of IBM to remain above psychological support at 
$80.00 had given us hope that this week's trading would see more 
upside action.  However, Monday morning's NASDAQ sell-off threw a 
wrench in those plans.  IBM followed the Composite lower and 
violated our stop-loss ($78.99) within the first hour of trading.  
This play was closed for a hypothetical profit of 5.2%.  The 
stock rebounded in afternoon trading but was unable to pare all 
its losses.  So where might Big Blue be headed next?  Bulls will 
not be thrilled with today's close under $80.00, and the 
declining daily stochastics and downward-curling MACD suggest 
that more selling pressure may be in the cards.  A glance at the 
point-and-figure chart also shows that the stock has reversed 
into a column of "O's."  Given the technical negativity, we 
believe shares may soon test psychological support at $75.00.

Picked on August 15th at $75.06 
Results since picked:     +3.93
Earnings Date          07/15/02 (confirmed)




 

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

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

Triggered Plays (Bearish)
------------------------

Citigroup - C - close: 34.40 change: +0.40 stop: 35.66

Shares of Citigroup followed the Dow Jones lower on Monday 
morning and traded as low as $33.40.  This short play was 
activated when C reached our action trigger at $34.49.  Although 
an afternoon rebound erased those losses, the stock remains 
safely under resistance at $35.00.  Traders still looking to get 
short may want to watch for a move under today's low.  Those 
seeking additional bearish confirmation could wait for a break 
under $33.00...But be aware of possible congestion near $32.70.




--- 

Colgate Palmolive - CL - close: 53.26 change: -0.51 stop: 55.01

Our hypothetical short trade in CL was triggered this morning 
after the stock hit our entry point of $53.59.  Shares 
underperformed the broader market and finished with a loss of 
nearly 1%.  This relative weakness is a negative development that 
could bring more bears out of the woodwork on Tuesday.  A move 
below today's low ($52.76) might provide an opportunity to add 
short positions.  Remember that our stop-loss is set at $55.01.




--- 

Payless Shoesource - PSS - close: 53.99 change: +0.87 stop: 55.68

Trading in PSS roughly mirrored the Dow Jones on Monday.  Shares 
declined during the first half of the session and reached our 
action trigger at $52.99.  The stock fell to a low of $52.80 
before rebounding with the broader market.  Volume was somewhat 
weak, suggesting a lack of bullish conviction.  The technical 
picture remains negative as well, with the daily stochastics 
(5,3,3) emerging from the overbought region.  A break under 
today's low might lead to a short-term test of the $50.00 region.  
Now that we've entered this play, our stop is located at $55.68.  






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

AHC     Amerada Hess Corporation   73.12     +1.14
OCFC    Oceanfirst Financial Corp. 23.99     +0.75
HOV     Hovnanian Enterprises      32.45     +1.33

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

PDII    Pdi Inc.                   6.80     +1.30
STXX    Steel Technologies        15.80     +1.15
RTI     Rti International Metal   11.14     +1.02

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

FSH     Fisher Scientific Intr.    30.05     +1.65
HSY     Hershey Foods              76.80     +1.77
FLIR    Flir Systems Inc.          41.65     +1.23
UIC     United Industrial          20.35     +1.35
JCOM    J2 Global Communications   24.12     +2.69
FLO     Flowers Foods Inc.         23.96     +1.26

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

SIE     Sierra Health Services     20.54     -1.58
KRON    Kronos Inc.                28.60     -1.65
PLB     American Italian Pasta     36.11     -2.69
WTFC    Wintrust Financial         33.38     -1.87
CAKE    Cheesecake Factory Inc.    29.99     -1.07

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

TARO    Taro Pharmaceuticals       30.94     -0.86
EAT     Brinker International      28.72     -0.64
WTFC    Wintrust Financial Corp.   33.38     -1.87



=================================================================
To stop receiving this PremierInvestor.net Newsletter,
send email to Contact Support
=================================================================
DISCLAIMER
=================================================================

This newsletter is a publication dedicated to the education
of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding trading in stocks. It
is possible at this or some subsequent date, the editors and
staff of PremierInvestor.net may own, buy or sell securities
presented. All investors should consult a qualified professional
before trading in any security. The information provided has
been obtained from sources deemed reliable but is not
guaranteed as to accuracy or completeness. PremierInvestor.net
staff makes every effort to provide timely information to its
subscribers but cannot guarantee specific delivery times due to
factors beyond our control.

Please read our disclaimer at:
http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html

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

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