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Daily Newsletter, Wednesday, 09/04/2002

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PremierInvestor.net Newsletter              Wednesday 09-04-2002
                                                  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:      Rebounding the Rebound
Watch List:       AA, AMAT, BUD, CIN, HSY, IBM and more...
Play of the Day:  The Insurance Diet


*******************************************************************
MARKET WRAP  (view in courier font for table alignment)
*******************************************************************       
09-04-2002                High    Low     Volume Advance/Decl
DJIA     8425.12 +117.07 8452.59  8280.40 1568 mln  1934/820
NASDAQ   1292.31 + 28.47 1294.65  1261.00 1478 mln  2037/1174
S&P 100   447.98 +  7.95  471.15  459.99   totals   3971/1994
S&P 500   893.40 + 15.38  896.08  875.73
RUS 2000  389.75 + 10.62  389.76  379.13
DJ TRANS 2315.22 + 62.82 2319.34  2238.41
VIX        39.94 -  3.92   43.44  39.45
VIXN       57.42 -  1.37   60.43  57.06
Put/Call Ratio 0.88****************************************************
 

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

Today's trading was slightly mixed as the Dow dwindled in the 
morning, but staged a promising rebound closing up +117.07 at 
8425.12.  The Nasdaq traded up +28.47, finishing the session at 
893.40.  NYSE advancers' outpaced decliners 1934 to 818, while 
Nasdaq gainers beat losers 2036 to 1173.  Market volume was 
mediocre with 1.56 billion shares traded on the NYSE and 1.46 
billion on the Nasdaq.

Hershey Trust Corporation was temporarily barred from selling 
Hershey Foods (NYSE:HSY) by a Pennsylvania judge.  Senior Judge 
Warren Morgan permitted an injunction that prevents the sale of 
HSY until further "economic and social" issues can be evaluated.  
Those opposed to the sale of HSY have argued that the action 
would cause severe impairment to the Hershey, Pa. community.         

Today, former WorldCom CFO Scott Sullivan pleaded not guilty to 
securities fraud, conspiracy, and filing false statements.  
Sullivan will next appear on December 9th, with former accounting 
director Bedford Yates.  Sullivan originally refused a plea-
bargain that would have given him 10 years in jail.    

National Semi reported results inline with analyst expectations 
of 0.01 cent per share.  The company further commented on 
potential "pockets of opportunity", but made cautious comments 
for the following holiday season.  

In economic news today, the ABC News/Money Magazine Consumer 
Comfort Index reported a small loss, however the reading of -13 
is up from the low at -15 two weeks ago. Consumer confidence has 
fallen in the last few months as weakening market conditions 
cause investors worry about the economic future.  In the ABC 
survey, 19% of consumers said they thought the economy was 
getting better, versus 21% last month.  Also, 44% surveyed said 
the economy would stay the same, and 36% said it would weaken.  
The report indicates that consumer spending could remain at low 
levels as long as the markets remain weak.  

Construction Spending was unchanged in July, which beat analyst 
expectations of a 0.5% decline.  Total construction spending for 
July was 834.1, counter to June's 833.8.  The news helped to calm 
fears of a modest decline, though residential construction did 
see a 0.7% drop.  The report could still indicate future weakness 
in non-residential construction, which is down 17% for the year.  

The weekly MBA Mortgage Applications composite number slid 
slightly for the second week in a row.  The composite number came 
in at 1059.5, down from 1079.7 one week ago.  Refinancing 
decreased to 5159.6 from 5355.4, though the purchasing index rose 
slightly to 359.7 from 344.7.  Overall the housing market still 
remains very stout, with interest rates safely below 7%.

The Chain Store Snapshot grew 0.5% in the last week, which was 
the first gain in three weeks of decline.  The numbers come as 
temporary relief with retail sales lagging in August.  The Bank 
of Tokyo-Mitsubishi is projecting retail sales growth of 1.5%, 
which implies only 3% real growth...enough to keep the economy 
expanding.  However, consumer spending continues to pose a threat 
to retail sales, and could hinder economic growth if lay-offs 
persist.

Treasuries were paid a visit from buyers today, as the 10-Year 
yield (TNX.X) dropped -0.27 to 3.953%, while the 30-Year yield 
was down -0.31 at 4.784%.  The ten year yield fell to multi year 
lows, which indicates that investors are still very skeptical 
about putting money back into the equity markets.  

Even with the drop in Treasury yields, the markets seemed to find 
strength in the afternoon as buyers piled into stocks.  
Coincidently the markets began to rally today when a rumor that 
the Secret Service was looking for a man headed towards D.C. with 
explosives was put to rest by an AP report that the suspect had 
been apprehended.  At the same time, bad news from National 
Semiconductor (NYSE:NSM) triggered a halt in the stock.  The 
stock opened lower at 12:41 EST, but then proceeded to trade 
higher on the day.  The NYSE Up/Down Ratio ($TICK) printed a high 
of 1253, carrying stocks into the heavens for the remainder of 
the session.  

Incidentally, the U.S. Dollar traded positive all day and could 
have been a partial catalyst for the afternoon rally.

Many sectors closed positive on the day including: Forest Paper 
and Products (FPP.X), the Oil Index (XOI.X), S&P Insurance index 
(IUX.X), Combined Telecom Index (IXTCX), GSTI Software Index 
(GSO.X), S&P Banks Index (BIX.X), S&P Retail Index (RLX.X), 
Semiconductor Index (SOX.X), Pharmaceutical Index (DRG.X), 
Biotechnology Index (BTK.X), Defense Index (DFI.X), and the Dow 
Jones Transportation Index (TRAN).  

On the economic front, there is still not anything incredibly 
notable for bulls to be overly excited about.  Friday presents 
the Employment Report, which will help to unravel more of the 
current economic puzzle.  Until then, fantastically eager bulls 
could be jumping the gun by placing large bets in this uncertain 
market.

Tomorrow's economic numbers include: Chain Store Sales, Factory 
Orders, ISM Non-Manufacturing Index, Jobless Claims, Oil and Gas 
Inventories, Productivity and Costs, and the Weekly Natural Gas 
Storage Report.  

The Dow continues to observe weakness, as today's move was only a 
partial rebound to yesterday's sell-off.  On a technical basis, 
the Dow is still under the 50-dma, where it recently failed in 
the rebound from July 24th.  Further, the MACD continues to look 
weak, teetering the 0 line, with the daily Stochastics traveling 
into the oversold region.  A breach of 8300 could bring technical 
bears off the fence and instigate added pressure to the index.  

Chart of: Dow Jones Industrial Average, Daily.





Chart of: Market Volatility Index, Daily.




The Market Volatility Index (VIX.X) has once more traded above 
"normal" levels.  The VIX closed at 39.94, with the MACD recently 
attempting to trade over the 0 line.  In addition, the daily 
Stochastics are headed towards the overbought region.  For the 
market to rally, we would like to see the VIX fall back 
underneath the 50-dma and slump back into the normal range where 
30 is a standard market top and 20 is a typical market bottom. 

Regarding oil, the current war premium is figured to be around 
$8.00 per barrel.  However, if the U.S. begins to deploy missiles 
into Iraq, that premium could be on the low end of the spectrum.  
President Bush stated today that "doing nothing" about Hussein is 
not an option.  Oil futures closed at $28.27 per barrel, climbing 
higher from yesterday's relative low.  Crude futures dropped in 
yesterday's session when Iraqi Deputy Prime Minister Tariq Aziz 
said Iraq would consider the return of United Nations weapons 
inspectors.  After Aziz made his statement, UK Prime Minister 
Tony Blair then voiced support for the US to proceed with 
consideration of an attack on Iraq.  Further, oil anxiety is 
weighing heavily on investors with skepticism of OPEC's desire to 
alter production quotas in the upcoming Sept. 19th meeting.  Oil 
demand still remains at highs, and continues to cause a 
substantial amount of concern if supply side issues cannot be 
resolved.  

In a nutshell, bulls are eager to get back to buying.  However, 
until war tensions are eased, oil returns to humane levels, 
September 11th passes, and the economy begins to show improvement 
in the form of stable employment and positive consumer sentiment, 
bears are in control.  Buyers could begin to selectively find 
stocks that have incredible valuation, though staking a portfolio 
at this time might not be the best idea.  As the old saying goes: 
"good things come to those who wait".       

Mark Whistler
Editor 

Questions or comments
mwhistler@PremierInvestor.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
---------------------------------

Alcoa Inc - AA - close: 23.14 change: -0.38

WHAT TO WATCH: Shares of the world's leading aluminum producer 
fell to a 52-week low on Wednesday, as investors continued to 
react to yesterday's tepid U.S. manufacturing report.  AA was the 
third-worst performer in the Dow, ending the session with a 1.6% 
loss.  The stock is looking very weak on a technical basis:  
Recent selling volume has been high, the MACD just produced a 
bearish crossover, and the p-n-f chart is signaling a double-
bottom breakdown.  If AA falls under today's low ($22.55), 
there's little to prevent a test of the $20.00 level.  The stock 
is already oversold (as shown by the daily stochastics), but 
further weak economic data could lead to another downward leg.




--- 

Applied Materials - AMAT - close: 12.70 change: -0.29

WHAT TO WATCH: It seems that every new day brings another rash of 
negative news in the chip sector.  Today's action saw the 
semiconductor index hit a multi-year low after investors 
responded negatively to NSM's earnings report.  Also pressuring 
the group were bearish analyst comments regarding INTC.  The 
SOX.X actually recouped its intraday losses and finished with a 
small gain.  Only time will tell whether this was a large bear 
trap or merely another temporary wave of short-covering.  This 
may largely depend on the market's reaction to tomorrow's mid-
quarter update from INTC.  Should the downtrend continue, AMAT 
looks particularly prone to more selling.  Shares of the chip 
maker reached a new multi-year low today and showed relative 
weakness versus the SOX.X.  The 2.2% decline was backed by strong 
volume, and the point-and-figure chart is showing a fresh double-
bottom sell signal.  The MACD has also produced a bearish 
crossover.  With the technical picture looking weak, aggressive 
traders could target a breakdown under today's low of $12.23.  
We'd be looking for a near-term decline to the psychologically 
critical $10.00 level.




--- 

Anheuser Busch - BUD - close: 53.16 change: +0.64

WHAT TO WATCH: There aren't many Dow Components that are 
threatening a breakout to all-time highs, but BUD fits the bill.  
Citing strong fundamentals in the beer industry, Anheuser Busch 
announced this afternoon that the company expects full-year EPS 
growth of 14%, and remains confident that it will reach its 
longer-term growth objectives.  These bullish comments had shares 
of BUD gaining 1.2% on the strongest volume in over a month.  The 
stock is now resting just below resistance (and the all-time 
high) at $54.00.  Traders could think about going long if shares 
move above this level.  The lack of overhead resistance makes it 
difficult to gauge upside potential, but a near-term move to the 
$60.00 region would not be unreasonable.





---

Cinergy Corp - CIN - close: 33.41 change: -0.59

WHAT TO WATCH: This electric utility stock is a relatively slow 
mover, but patient bears may want to take note of the recent 
downtrend.  Shares have rolled over from the $36 resistance level 
and are beginning to accelerate to the downside on increasing 
volume.  Today's action saw CIN underperform the broader market, 
as shares closed under the 200-dma ($33.54) and briefly moved 
under the 50-dma at $33.29.  With the MACD showing a bearish 
crossover from high levels, it seems likely that shares will 
continue to move lower in the near-term.  Bearish entries could 
be gauged on a move under $33.00.  Psychological support at 
$30.00 provides a possible profit target to aim for.




---

Hershey Foods - HSY - close: 72.51 change: -3.09

WHAT TO WATCH: A Pennsylvania court threw a wrench into the 
planned sale of Hershey Foods on Wednesday.  Citing concerns that 
a transfer of ownership could lead to massive layoffs, state 
Judge Warren Morgan issued a temporary injunction against the 
sale.  This news sent shares of HSY tanking to the tune of 4.0%.  
The stock had gapped sharply higher on the initial news that 
Hershey was looking for a buyer.  Now that the sale's outcome is 
in doubt, shares may begin to fill in that July 25th gap.  Short 
entries could be targeted on a move below the August low of 
$70.99.  Possible support exists in the $69.00 region, but 
further negative developments could send HSY tumbling back to the 
$65.00 level.  Note that this play is more suited towards 
aggressive traders who are willing to tolerate possible news-
related gyrations.


 

---  

Intl. Business Machines - IBM - close: 73.73 change: +1.38

WHAT TO WATCH: Shares of IBM have spent the past two weeks 
consolidating a healthy chunk of the steep early-August rally.  
The stock successfully tested its 50-dma ($72.28) on Wednesday, 
indicating that a near-term bottom may have been realized.  The 
bulls can also be heartened by the daily stochastics (5,3,3 
setting), which are starting to curl higher from the oversold 
region.  For almost three months, this has been a reliable short-
term buy signal.  Traders may want to consider going long on a 
move above $74.00.  An acceptable risk/reward ratio could be 
created by using a stop just below today's low ($71.60), and 
placing an exit target near $80.00.  Those with a longer 
timeframe could look for a retest of the relative high at $82.85.




---

Polo Ralph Lauren - RL - close: 22.70 change: +0.65

WHAT TO WATCH: Ralph Lauren announced today that it expects to 
meet 2003 earnings estimates of $1.80-$1.90.  This news was good 
for a gain of nearly 3%, as shares continued to bounce from the 
50-dma at $21.45.  The stock itself has roughly mirrored the 
action on the RLX.X retail index, but this newly-found relative 
strength is a sign that RL may see more buying in the near 
future.  Technically, this outlook is bolstered by rising daily 
stochastics and a double-top p-n-f buy signal.  Keeping in mind 
that overhead resistance lies in the $24.00-24.50 region, long 
entries can be evaluated on a move above today's high of $22.90.  
A pullback to the 50-dma ($21.45) may also yield an entry point.  
Traders could target a rally to the 200-dma at $25.79, slightly 
below bearish p-n-f resistance.




---

Toll Brothers - TOL - close: 24.76 change: +1.43

WHAT TO WATCH: The homebuilding sector caught fire today after 
HOV reported blowout Q3 earnings of $1.43/share, which was 
significantly better than the consensus estimates of $0.86/share.  
The company also increased its 2002 and 2003 guidance.  This news 
had the DJUSHB home construction index rebounding sharply from 
the 305 region.  Shareholders of TOL enjoyed a 6.1% gain, and the 
stock is now resting just below psychological resistance at 
$25.00.  This level also coincides with the converging 50-day and 
200-day moving averages.  A rally above this region could lead to 
a retest of the relative high at $27.50.  More positive sector 
news surfaced tonight, as LEN announced it expected to beat Q3 
estimates by 20% or more.  This should have TOL trading with a 
bullish slant on Thursday morning.  A move above the 50-dma 
(25.01) would provide a possible action point to go long.





--- 

TXU Corp - TXU - close: 45.99 change: -0.92

WHAT TO WATCH: After bottoming out at $33.65 in late July, TXU 
exploded for a gain of nearly 50% in just over a month.  The 
bears finally asserted themselves after shares ran into 
psychological resistance at $50.00, slightly above the 200-dma.  
This level also coincides with bearish resistance on the point-
and-figure chart.  Shares have been rolling over for the past 
week and are in danger of falling below the 50-dma at $45.26.  
Volume has been ramping up, indicating more downside could be in 
store.  The bearish picture is bolstered by the MACD, which is 
about to crossover from the overbought region.  P-n-f chartists 
will also note that TXU has just reversed into a column of "O's."  
Short entries can be gauged on a move below psychological support 
at $45.00, with an initial profit target at the $40.00 level.  
More conservative traders could look to lock in gains near 
$42.00.




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

Chubb Corporation - CB - close: 60.64 change: +0.39 stop: 63.70

Company Description:
The Chubb Corporation was formed in 1967 and was listed on the 
New York Stock Exchange in 1984. It ranks among the top 10 
publicly traded insurance organizations based on revenues in the 
United States.  With more than 10,000 employees throughout North 
America, Europe, South America, and the Pacific Rim Chubb serves 
property & casualty customers from more than 132 offices in 33 
countries. Chubb works closely with 5,000 independent agents and 
brokers worldwide.  (source: company press release)



- ORIGINAL WRITE UP: August 27th, 2002 -
 
Why We Like It:
Two weeks from the anniversary of September 11th, the market 
might not see a vast amount of buying in the insurance sector. 
Specifically, Chubb could see some profit taking, as investors 
grow weary of another potential attack.  The stock has been 
descending in the current channel since May 17th, and recently 
failed at three points of resistance.  Chubb fell sharply during 
the month of July and hit a relative low of $53.06.  CB has since 
rebounded 18.7% from this level, rallying to the current price at 
63.00.  However, it appears that the stock has run into 
descending channel resistance, the 50-dma, and horizontal 
resistance at $65.00.  

With a decline of -1.06% in the Dow Jones today, CB fell -0.50 to 
close at 63.00.  The move could signal future weakness, supported 
by the daily Stochastics rolling out of the overbought region.  
Bears are further encouraged with the last two days providing a 
breach of the most recent ascending trend line.  

Our strategy for Chubb Corporation is fairly simple.  We will 
place a trigger at $62.49, one cent under today's low.  If the 
stock collides with our trigger and our position is activated, we 
will put our initial stop at $65.01.  The stop loss is just above 
shelf resistance and the whole number.  Our preliminary profit 
target for the position is at $58.50, though if the stock begins 
to slide with volume, we will quickly adjust our objective.  
Watch the $60.00-60.25 region, as it could prove to be support 
for bulls on the way down.  

- Most Recent Update: Tuesday, September 3rd, 2002 -

With no fresh buzz on Chubb today, the stocks move may be 
attributed to broader market selling.  The Dow closed down 355.45 
today, causing many NYSE companies to falter at the knees just 
eight days before the September 11th 2002.  Speaking of Sept. 
11th, we are guessing that the insurance sector will probably not 
perceive much buying before the anniversary.  The newsletter will 
move the stop down to one penny above the 50-dma at $63.70.     

- Play-of-the-Day Comments: September 4th, 2002 -

The anniversary of September 11th resides just around the corner, 
while rumors of a potential attack on the U.S. loom over our 
heads.  Thus, we are thinking that investors could be skeptical 
of taking any major positions in the insurance sector at this 
time.  Further, the stock made a lower low today and 
underperformed the Dow Jones.  The technical picture also remains 
negative, with the daily MACD showing a fresh bearish crossover 
underneath the baseline.  In addition, the daily Stochastics 
(5,3,3) are hovering above the oversold region and could dip 
lower if selling pressure continues.  The stock still remains 
below the 50-dma and has short-term resistance in the $60.75 
region.  New entries can be considered on a move under today's 
low of $59.64.

Picked on August 28th at $62.49
Results since picked:     +1.85
Earnings Date          07/29/02 (confirmed)
 



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

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

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

*****************************************************************
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                Wednesday 09-04-2002
                                                   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 Short:           SYMC 

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 PLay
=============== 

Closed Long Play
=================

Symantec Corp. - SYMC - close: 30.76 change: +3.09 stop: 30.64

Positive brokerage comments had SYMC moving sharply higher on 
Wednesday.  CS First Boston reiterated its "buy" rating on the 
stock, based on their belief that Symantec is gaining market 
share in the software security industry.  RBC Capital Markets 
also commented that the Bush Administration is expected to call 
for an increase in the government's computer security budget.  
These bullish assessments, combined with heavy short-covering, 
sent the stock soaring to an 11.1% gain.  This play was stopped 
out for an 8.3% loss when shares moved above our stop-loss during 
the final hour of trading.  SYMC has already rebounded 
explosively from the relative low of $27.21.  But given the 
upturning oscillators and strong upside momentum (today's gains 
came on the strongest volume in several months), a test of the 
50-dma at $32.12 appears likely.

Picked on September 3rd at $28.29 
Results since picked:       -2.35
Earnings Date            07/17/02 (confirmed)





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

ATAC    Aftermarket Tech Corp.     16.35     +0.75
HHLF    Hurricane Hydro            11.00     +0.73

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

WOR     Worthington Industries    18.99     +1.13
PLXS    Plexus Corp               15.15     +1.20
CK      Crompton Corporation      11.72     +1.17
BYD     Boyd Gaming               17.10     +1.30
IOM     Iomega Corp.              12.98     +1.14
OI      Owens Illinois Inc.       12.51     +1.13

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

FOSL    Fossil Inc.                23.60     +1.17
HRB     H&R Block                  51.20     +2.03
FULL    H.B. Fuller Co.            28.33     +1.94
RCII    Rent A Center              56.72     +2.62
GLH     Gallaher Group             41.67     +2.42

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

FSH     Fisher Scientific Inst.    26.85     -1.05
MO      Philip Morris              47.80     -1.71
CI      Cigna Corp                 80.00     -2.65
CORS    Corus Bankshares Inc.      45.25     -1.51
HSY     Hershey Foods Corp.        72.51     -3.09
CNI     Canadian Natl Railway      41.58     -1.17

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

PUB     Publicis Groupe            20.70     -0.30
AMGP    Amerigroup                 27.13     -1.79


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


DISCLAIMER

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

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

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