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Daily Newsletter, Monday, 10/14/2002

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PremierInvestor.net Newsletter                 Monday 10-14-2002
                                                  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:      A Day Off
Watch List:       ABC, AIG, BBH, BGG, FRX, TXT, and more...
Play of the Day:  No Visibility?  No Problem!


******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
10-14-2002                High    Low     Volume Advance/Decl
DJIA     7877.40 +  27.11 7915.00 7745.70  1380 mln   769/586
NASDAQ   1220.53 +  10.06 1221.60 1193.42  1200 mln   762/430
S&P 100   425.54 +   2.86  427.17  418.28   totals   1531/1016
S&P 500   841.44 +   6.12  844.39  828.37
RUS 2000  346.53 +   1.60  346.63  342.83
DJ TRANS 2138.75 -  15.92 2159.08  2130.36
VIX        42.12 -   1.32   44.05   42.12
VIXN       59.08 +   0.21   60.49   57.89
Put/Call Ratio 0.93
******************************************************************


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

A Day Off

by Steven Price

Wake me up on Tuesday morning.  Today was quite a sleeper, with 
the bond market closed.  We are in earning's season, but most of 
today's releases were after the close, so the day's trading had 
very little to kick start it in one direction or another.  There 
is one development that seems to be giving us some guidance as 
far as the current resistance level for the Dow.  Any bear market 
will get its share of intermediate rallies, and figuring out just 
where they are going to run out of steam, or break higher, can 
provide some good long/short opportunities.  The Dow lost 1879.52 
points from its intraday high of 9077.01 on August 22, to its 
intraday low of 7197.49 last week.  I highlighted last week that 
I would need to see a trade of 8012 intraday, or a close above 
8000, in order to change my bearish sentiment and for the trend 
of lower highs to be broken.  The other interesting development 
of the last two trading days, one a high-volume, enormous rally, 
and one a low-volume, up and down day, is the point at which the 
index found resistance.  Both days, the move to the upside was 
halted right at the 38.2% Fibonacci retracement level of 7915.46.  
Friday's rally ran out of stem at 7901.26 and today's upside 
movement (I hesitate to call it a rally) ended right at 7915.00.  
Some could argue that this is a series of higher highs, given 
Thursday's high of 7560.93.  However, a look at the bigger 
picture still shows a downward trend, with failure at a 
significant retracement level.  Below are examples of the daily, 
weekly and monthly charts on the Dow.  While I'd like to put a 
smile on readers' faces, these charts are not pretty.  Cover the 
kids' eyes, and if you are sensitive to graph-ic violence, you 
may want to turn your head. 

Daily Chart of the Dow


Weekly Chart of The Dow


Monthly Chart of the Dow



This week should give us a good look into the crystal ball of the 
fourth quarter.  There are many large companies releasing 
earnings this week and should give commentary along with those 
releases in regard to outlook for the fourth quarter.  Intel 
releases after the bell on Tuesday and Advanced Micro Devices 
releases Wednesday.  Both should comment on PC demand outlook for 
the fourth quarter.  The chip stocks have been trying to find 
some legs after a sell-off that saw the Semiconductor Sector 
Index  (SOX.X) lose 41% of its value between August 19 and 
October 9.   Chip stocks have been a short trader's goldmine in 
recent months and they finally appear to be trying to set a 
bottom.  However, each rebound in the sector index has been 
turned away from breaking the trend of lower highs.  The SOX has 
been in a descending channel since April and a trade over the 
recent intraday high of 263, or close over the recent closing 
high of 256 would help it break that channel.  

Chart of the Semiconductor Sector Index (SOX.X)



This morning brought another automotive downgrade. Merrill Lynch 
downgraded both Ford and General Motors, citing deteriorating 
prices for both new and used cars.  What I find most disturbing 
is that these companies were beat up for several reasons, 
including lowered earnings estimates, pension problems, poor debt 
ratings and the possibility of sales declines in 2003.  Add 
pricing pressure, when they are already offering zero-percent 
financing and there is only one way to go.  We'll be getting GM's 
earnings release on Tuesday, and should also get some insight 
into their fourth quarter and 2003 outlook. 

This weekend's bombing in Bali, which killed more than 180 
people, only added to the rising price of oil futures, as war 
fears were further stoked.  This, combined with OPEC's reluctance 
to raise output quotas, continues to filter down to companies' 
earnings reports.  This morning, Airborne Express (ABF) announced 
that they would miss earnings expectations.  The company cited $4 
million in airplane related costs and a $2 million increase in 
fuel costs.  We heard the same sentiment from American Airlines, 
and it is likely to be repeated until oil costs drop.  That is 
unlikely to happen, with an Iraqi invasion looming.  While those 
costs don't get much publicity, it undoubtedly affects the bottom 
line for everyone from airlines, to chemical companies (See Dow 
Chemical), to pizza delivery drivers. Crude Oil futures are now 
back over $30 per barrel, after trailing off for the last couple 
of weeks. 

Chart of Oil Futures


Oil prices are one of many factors that will affect the economy 
if we do take action against Iraq.  There is also concern 
consumers will be inside watching television reports, rather than 
shopping during the holiday season, and staying home out of fear 
of retaliatory strikes in public places. Recent statements 
attributed to Osama Bin Laden, praising terrorist attacks on U.S. 
soldiers in Kuwait and on a French supertanker off the coast of 
Yemen, threaten continued action against the U.S. if it continues 
its presence in Muslim nations.  While it is not clear if the 
statements are from Bin Laden, they underscore the fear of 
retaliation for action in Iraq.  

The Nasdaq Composite (COMPX) is getting even closer to breaking 
the trend of lower highs, which was actually broken by the Nasdaq 
100 (NDX).  In the past, the NDX has given the first signals of a 
turnaround, and that pattern break occurred last week.  Bears may 
want to watch this index, which contains some of the largest tech 
stocks, for signs of failure, before picking a top and going 
short.  If it continues higher, it could be a sign that the Dow 
will follow. 

Chart of the Nasdaq Composite and Nasdaq 100



The slowdown in retail and PC demand has made it into the 
electronics manufacturing services sector (EMS), according to 
this morning's prudential downgrade.  The research note stated," 
With demand for communications equipment continuing to be weak, 
enterprise hardware having recently weakened and PC demand trends 
mixed, we are concerned that there are very few 'legs' left 
supporting demand for electronics goods and consequently our 
companies' services."  The note also cited weak end demand and 
customer credit concerns.   

Boeing got more bad news, as they were beat out for a commercial 
jet contract by Airbus. Easyjet, Europe's no-frills version of 
Southwest, ordered 120 planes, with options for 120 more.  The 
deal was worth up to $6 billion, although Airbus offered a 30% 
discount, which would place the order closer to $4 billion.  Up 
until now, Easyjet has had an all-Boeing fleet, and loss of the 
order casts additional doubt on Boeing's 2003 and 2004 
projections.  The company produced 527 commercial jets in 2001, 
380 in 2002, and predicted 275-300 in 2003.  Analysts now predict 
only 250-260 in 2004, as well as possibly fewer in 2003, as well. 
Boeing has complained for some time that Airbus, which is 
government subsidized, is able to win a price war, and those 
fears appear to be well founded.  That doesn't mean there is 
anything they can do about it.

Energy firm TXU Corp. cut its dividend by 80% this morning, 
announced it plans to significantly reduce capital expenditures 
at all of its divisions and put its European businesses up for 
sale.  Morgan Stanley and CFSB downgraded the stock.  The moves 
were made to try and free up cash to deal with serious debt 
problems created by European operations. TXU's debt ratings were 
lowered by Standard and Poor's and Fitch, which lowered its 
ratings on the European subsidiary to "CCC," which indicates a 
likelihood of default. The stock lost 31%, to close at $12.94.  
TXU traded as high as $40 on October 1. 

After the bell, forest and paper product producer Temple Inland 
(TIN) beat earnings estimates by $0.03.  Profits were still down 
66% from a year ago, due to low prices for lumber and the boxes 
it manufactures.  The entire industry has been hammered to levels 
not seen since November 2000, but has rebounded the last few days 
with the broader markets.  Mohawk Industries, which makes floor 
coverings for homes and offices, beat estimates by $0.01.  That 
was an increase of 46% over the year ago period and reflected a 
reduction of shares, increased sales due to a merger and internal 
growth of Mohawk products, including a 9% increase in residential 
products.  MHK's results seem to indicate continuing strength in 
the housing market, although that could change this quarter, if 
the homebuilding stocks are any indication.

Volume was very light today and it is hard to make any momentum 
judgments based on that lack of activity.  Although advancing 
volume outstripped declining volume by a small ratio, new lows 
beat new highs by a 3:1 ratio.  Things should pick up tomorrow, 
with the earnings releases and continue for the rest of the week. 
Until then, make sure to keep an eye on the big picture, and the 
important resistance levels just overhead. 

Steven Price


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

American Intl Group - AIG - close: 58.30 change: -1.43

WHAT TO WATCH: With the exception of a large spike lower in July 
(and subsequent rebound), AIG has traded in a descending channel 
for nearly a year.  Last week's broader market rally helped to 
send shares from the bottom of the channel to the upper band in 
just two days.  Shares have begun to roll over from this level, 
which coincides with the 50-dma ($60.06).  Further overhead
 resistance lurks at $61.00, location of the bearish p-n-f trend.  
Overall it appears as if the bulls will face an uphill battle in 
pushing AIG higher.  Short entries could be gauged at current 
levels, with a stop above Friday's high of $60.37.  The bottom of 
the channel at $53.00 offers a profit target for near-term 
traders.




--- 

AmerisourceBergen - ABC - close: 74.93 change: +1.55

WHAT TO WATCH: A breakout might be looming for ABC.  Shares have 
spent the better part of the past six weeks bouncing between $70 
and $75.  With the stock trading near the upper end of this 
range, bullish traders should be watching for a breakout above 
$75.00.  This would create a triple-top buy signal on the p-n-f 
chart, and clear the way for an eventual retest of the June highs 
near $83.00.  Those with a shorter-term strategy could target a 
move to the $80.00 level.  The rising oscillators (on both the 
weekly and daily charts) suggest that ABC will continue higher in 
the near-term.




--- 

Aeropostale Inc - ARO - close: 8.00 change: +1.17

WHAT TO WATCH: We're not about to recommend buying a stock that 
just posted a 17% gain, but ARO is definitely worth mentioning.  
The stock gapped sharply lower on October 1st after the company 
announced an earnings warning.  Maybe "sharply" is an 
understatement...ARO lost more than half its value!  The stock 
has since rebounded from the $5.50 region, and now it's beginning 
to fill in the gap.  Although the stock could extend today's 
rally, we'd be very hesitant to chase it higher.  Aggressive 
traders should instead be watching for a pullback to the $7.00-
$7.50 area.  ARO could quickly reach $10.00 if the current 
uptrend continues.




---

Biotech HOLDRS - BBH - close: 85.89 change: +3.16 

WHAT TO WATCH: Today's low volume action had most sector indices 
trading flat, but that wasn't the case with the BTK.X biotech 
index.  Solid performances by BGEN, CHIR (who boosted their 
quarterly and full-year estimates), DNA, and AMGN helped to 
propel the BTK.X to an impressive gain of 5.4%.  The BBH followed 
suit, tacking on 3.8% and distancing itself from the 50-dma at 
$82.40.  A glance at the daily chart shows that the stock has 
broken to new relative highs.  There aren't any significant 
levels of overhead resistance to prevent a retest of the August 
high of $93.00.  The stock has also cleared bearish resistance on 
the p-n-f chart and is currently signaling a triple-top breakout.  
The BTK.X may still encounter some congestion in the 345-350 
range, but today's relative strength suggests that the bears are 
on the defensive.  In terms of action points, traders can watch 
for a pullback to $83.00 or a move above $86.00.




---

Briggs & Stratton - BGG - close: 33.96 change: +0.88 

WHAT TO WATCH: After suffering a painful week-long selloff, 
shares of this engine manufacturer managed a solid bounce from 
the July lows near $32.00.  The stock bucked Monday's 
lackadaisical action in the broader market and posted a 2.6% 
gain.  That relative strength bodes well for a sustainable 
rebound.  The reversing MACD and daily stochastic oscillators 
indicate that a retest of the 50-dma ($37.45) might be just 
around the corner.  Entries could be targeted at current levels 
or on another pullback to $33.00.  Briggs announces earnings on 
Thursday morning, so traders may want to wait for the dust to 
settle before taking full positions.  




--- 

Forest Labs - FRX - close: 93.50 change: +1.27

WHAT TO WATCH: This drug stock is already looking quite strong, 
with shares trading at all-time highs.  Monday's breakout above 
short-term resistance in the $92.50-$93.00 area has cleared the 
way for a rally to the $100 level.  FRX already looks overbought, 
but the daily stochastics (5,3,3) have not yet reached the upper 
band.  Johnson & Johnson reports earnings tomorrow morning.  A 
positive reaction to their announcement could give the entire 
drug sector a bullish bias and send FRX to new highs.  Long 
entries can be considered at current levels, with an initial 
target of $100.  FYI, the current bullish vertical count is 
$96.00.




--- 

Mid Atlantic Medical - MME - close: 42.08 change: +1.83

WHAT TO WATCH: Squeeeezze.  Shorts ran for the exits today as MME 
extended Friday's breakout above the $40.00 resistance level.  
The stock is trading at all-time highs, and the strong volume 
indicates that this uptrend will have staying power.  Although 
aggressive traders could think about going long at current 
levels, shares may be due for some backing and filling after the 
recent rally.  Watch for a pullback to the $40.00 region to offer 
an entry point.  Given enough time, MME could eventually make its 
way to the $50.00 level.  A more realistic short-term target 
would be the current bullish p-n-f count of $46.00.




---

Textron Inc - TXT - close: 34.86 change: -1.32

WHAT TO WATCH: Textron reports earnings on Thursday morning, and 
shares aren't likely to garner much buying attention ahead of the 
announcement.  The company's Cessna unit (which makes business 
jets and small single-engine planes) recently announced 400 
layoffs at its primary production plant in Wichita.  This is an 
indication that the downturn in aircraft orders has spread from 
Boeing to the smaller players in the group.  Technically, TXT is 
looking pretty weak.  Friday's rally petered out just below the 
50-dma ($37.13), and the stock is starting to roll over from the 
top of its descending regression channel.  Short positions can be 
evaluated on a move under today's low ($34.72), initially 
targeting the bottom of the channel near $31.00.




--- 

Wellpoint Health Ntwk. - WLP - close: 82.28 change: +1.44

WHAT TO WATCH: We've carried this one over from the weekend Watch 
List.  WLP moved to another multi-month high on Monday and, more 
importantly, broke above previous resistance in the $81.50 
region.  It looks like shares could soon retest the June highs 
near $86.00.  Short-term traders could target bullish positions 
on a move above today's high ($82.35).  A pullback to $80.00 
might also offer an entry point.





=========================
Play-of-the-Day (BULLISH high risk/high reward play)
=========================

Oracle Corp. - ORCL - close: 9.25 change: +0.20 stop: 8.19

Company Description:
Oracle is the world's largest enterprise software company. (source: 
company press release)


- ORIGINAL WRITE UP: October 10th, 2002 -
 
Why We Like It:
A lot of Wall Street observers have been made to look pretty 
foolish by attempting to call bottoms, and we're not about to 
make the same mistake. Does the NASDAQ have more downside 
remaining? Probably. Is the climate for IT spending beginning to 
improve? Not that we can tell. As a matter of fact, Oracle's CEO 
commented last week that the European tech sector is starting to 
face the same difficulties that have become all-too-familiar to 
U.S. investors. He did mention that a domestic turnaround might 
be forthcoming in 2003, but long-term institutional investors 
will probably want to see some concrete evidence of an IT upturn 
before they vote with their cash. Against this backdrop of 
fundamental uncertainty, we're adding ORCL as a bullish play. 
What's up? 

Simply put, the short-term technical picture is looking strong. 
ORCL has spent the past three weeks trading in a sideways 
consolidation pattern. Shares moved higher by 5.4% today and came 
within just 15 cents of setting a new relative high. If today's 
tech rally has legs, a breakout could quickly send shares to the 
$10-$11 region. Rising action in the MACD and daily stochastics 
(5,3,3) bodes well for the bulls. The overall IT spending 
environment may not be improving anytime soon, but we think ORCL 
will nonetheless trade higher over the next 1-2 weeks. By waiting 
to enter this play until ORCL trades above $8.72, we'll ensure 
that any possible levels of near-term resistance have been 
cleared. The 50-dma at $9.27 could throw a wrench in our plans, 
so we'll be watching closely to see how the stock behaves near 
that level. This play will be initiated with a stop at $7.99, 
slightly under today's low. We'll probably move our stop higher 
if shares close above $9.00.

- Most recent update: October 11th, 2002 -

Wells Fargo re-initiated coverage on Oracle with a lukewarm 
"hold" rating on Friday. The firm said that ORCL is over-priced 
in the $10-$12 region, based on continued IT spending worries, 
longer-term growth concerns, and competitive pricing pressure. On 
a normal day, shares may have been pressured by this news. But 
today was far from normal. The entire tech sector shot higher 
after IBM received some positive brokerage comments. The 
widespread short-covering that began on Thursday helped to propel 
the NASDAQ above 1200. ORCL traded in lockstep with the $GSO.X 
and finished with a 6.3% gain. Our long play was activated this 
morning at $8.73. The fact that shares closed near the highs of 
the day bodes well for a continued ascent next week, as do the 
rising daily stochastics and three-box p-n-f reversal. Of course, 
that pesky 50-dma ($9.26) looming overhead could pose a problem. 
Traders still looking to go long should wait for ORCL to clear 
this level before considering new positions. We've bumped our 
stop-loss up to $8.19, but more conservative types may want to 
use a stop just below the $8.50 level.

- Play-of-the-Day Comments: October 14th, 2002 -

Most impressive!  ORCL led the NASDAQ higher on Monday and closed 
just one cent below the 50-dma.  This was despite comments from 
Oracle CFO Jeffrey Henley, who said at a shareholder meeting that 
"our visibility going forward continues to be very 
minimal....we're quite hopeful we can start to see a turnaround."  
The fact that this prognostication did not lead to a sell-off is 
another indication that Wall Street has already priced in the 
lack of forward visibility.  That's good news for our long play.  
ORCL is also looking strong on a technical basis.  In addition to 
the uptrending oscillators, we're encouraged by the recent three-
box reversal on the p-n-f chart.  Possible resistance looms at 
$10.00, but we believe shares could eventually make their way to 
the $11.00 region.  Traders looking for new entries could watch 
for a move above today's high ($9.30).  We're leaving our stop 
unchanged, but those with less risk tolerance shouldn't hesitate 
to use a stop slightly below $8.50.

Picked on October 11th at $8.73
Results since picked:     +0.52
Earnings Date          12/17/02 (unconfirmed)
 






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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                  Monday 10-14-2002
                                                   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:

Stock Bottom / Active Trader
  Stop Adjustments:      ITMN (bullish)
  Triggered Plays:       SHFL (bullish)
  Closed Bullish Plays:  HLYW

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)


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

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

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

InterMune Inc - ITMN - cls: 34.21 chg: +1.87 stop: 32.99 *new*

ITMN easily outperformed the broader market on Monday and 
SHFcontinued to move towards our exit target at $34.94.  The 
technical outlook remains positive (check out those rising 
oscillators!), but tomorrow's earnings report from JNJ might have 
a bearing on drug and biotech stocks.  We're moved our stop up to 
$32.99 to protect ourselves from taking a loss in case shares 
reverse.  Those looking to protect a larger gain could use a stop 
just below $34.00.


 


Triggered Plays
---------------

Shuffle Master - SHFL - cls: 20.94 chg: +0.84 stop: 18.89 *new*

Breakout!  SHFL blew through the $20.30 resistance level on 
Monday morning and hit our entry trigger at $20.36.  Shares 
traded to an intraday high of $21.67 before pulling back to 
finish with a 4.1% gain.  This is a very positive development for 
our play.  The rally, which was backed by strong volume, created 
an ascending triple-top breakout on the p-n-f chart.  The 
oscillators are pointing higher, and SHFL has no clear levels of 
resistance until the $24.00 region.  We've upped our stop to 
$18.89, but more conservative traders could use a stop just below 
$20.00.  Short-term traders may want to think about taking 
profits near $22.00.


 


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

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

Hollywood Ent. - HLYW - cls: 19.00 chg: -0.48 stop: 19.39

The inability of HLYW to join the broader market in Friday's 
powerful rally indicated to us that the stock had possibly run 
out of steam.  Business sure seems to be humming at Hollywood, 
but the stock is looking overbought on a near-term basis.  
Today's rollover from the $20.00 level seems to support that 
view.  Shares spent most of today's session trading above $19.50, 
but then sold off sharply during the final hour.  This play was 
closed for a gain of 7.3% when our stop-loss at $19.39 was 
violated.  Although our exit target was never reached, we're more 
than happy with the quick pop we got from Thursday's positive 
news.  We'll be keeping an eye on HLYW, as a bounce from the 
$18.00 might give us another chance to go long. 

Picked on October 9th at $18.06
Results since picked:     +1.33
Earnings Date          10/22/02 (unconfirmed)
 




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

                                       

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

TTN     Titan Corp                 11.25     +1.18
KROL    Kroll Inc                  18.95     +1.44
QTRN    Quintiles Transnational     9.96     +1.65
ESPD    ESpeed Inc                 12.01     +1.28
MDCC    Molecular Devices Corp     14.01     +1.18
ARO     Aeropostale Inc             8.00     +1.17

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

HDI     Harley-Davidson            52.15     +2.00
CVH     Coventry Health Care       36.00     +2.59
HSIC    Henry Schein               55.56     +2.65
TRMS    Trimeris Inc               47.99     +2.39
MRK     Merck & Co                 49.60     +2.30
CHIR    Chiron Corp                40.19     +1.64
EXPE    Expedia Inc                49.93     +2.43

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

PRX     Pharmaceutical Resources   20.05     -5.56
DHR     Danaher Corp               53.97     -4.21

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

ALX     Alexander's Inc            62.25     -0.70




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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

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