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Daily Newsletter, Monday, 10/28/2002

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PremierInvestor.net Newsletter                 Monday 10-28-2002
                                                  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:      Low Ceiling
Watch List:       AGE, CAT, CTX, KLAC, QCOM, and more...
Play of the Day:  Tobacco Troubles


******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
10-28-2002                High    Low     Volume Advance/Decl
DJIA     8368.04 - 75.95 8531.45  8325.45 1650 mln  745/888
NASDAQ   1315.83 - 15.30 1346.21  1310.63 1628 mln  658/940
S&P 100   452.09 -  3.56  460.84  449.64   totals  1403/1828
S&P 500   890.23 -  7.42  907.44  886.15
RUS 2000  369.01 -  3.63  374.86  368.52
DJ TRANS 2279.48 - 33.83 2332.54  2270.26
VIX        35.67 -  0.60   36.35  34.20
VIXN       51.52 +  1.13   52.77  50.47
Put/Call Ratio 0.71
******************************************************************


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

Low Ceiling

by Steven Price

It appears that the markets have decided to take a breather, with
most of earnings season behind us.  After the recent rally, we
have been moving sideways for the last week, and picking a long-
term direction has become more difficult. Today saw red across
the board, but didn't break any major barriers.  However, those
investors who do choose a direction have some decent stop loss
targets that have defined the recent range.

We have started to approach resistance in several of the sector
indices. These sectors will help determine whether we break to
the upside, or drift back where we came from.  It is probably
time to take a look at some of these sectors from a macro
standpoint and see just where we stand.  While individual results
will always affect individual stocks, a look at the sector charts
should give traders an idea of just what they are up against as
they consider jumping back into the market.

One of these sectors is the financials.  The sector headed higher
today, after American Express (AXP) reported earnings that beat
the street by a penny and more than doubled from a year ago.
The banks have been on fire recently and this morning Citigroup
(C) also received an upgrade from Lehman Brothers. However, after
a three-week rally, the Kbw Banks Index (BKX.X) has hit a
consolidation level that seems to have a thick ceiling on it.
The rallies in both C and AXP were turned back and the stocks
finished up only $0.60 and $1.12, respectively. Luiz Inacio Lula
da Silva came out victorious in Brazilian elections.   There has
been widespread concern that he would not hesitate to default on
Brazil's international debt.  He has talked down that
possibility, and apparently investors today didn't seem too
concerned. However, if that were to happen, then there are a
number of large U.S. banks that could see heavy losses, including
Citigroup and J.P. Morgan.  If the banks start rolling downhill
once again, then any broad market rally will likely be over.

Chart of the Kbw Banks Index (BKX.X)


Another important sector for the economy is the retail group.
Wal-Mart came out this morning and announced that its October
sales were tracking within its projected goal of 2-4% sales
growth.  The lead lining in that announcement was twofold - the
2-4% goal reflects lowered guidance from previous months and
Halloween candy and costume sales were below expectations.  While
the average trader may not care about M&Ms and Frankenstein
masks, the implication could be much greater.  If consumers
aren't reaching into their pockets and increasing purchases at
times when they traditionally do so, then what can we expect as
we head into the holiday shopping season.  Halloween may
represent only a minor holiday, but the message from last week's
Consumer Sentiment decline is clear.  Consumers are concerned
about their jobs and the stock market and are simply not in a
spending mood.   The Retail Index (RLX.X) has also run into
resistance after the recent rally and appears to be rolling over.
Tomorrow's Consumer Confidence number could give the group a
boost if there is a positive surprise, but that seems unlikely.

Chart of the Retail Index



Another group that will have to participate in order for a rally
to really get going is the cyclicals. The Cyclical Index (CYC.X )
includes heavyweights over a broad range of sectors that tend to
perform closely according to the economy.  Components include
Alcoa, Citigroup, Ford, Hewlett-Packard, 3M and FedEx.  While the
Dow and S&P have broken through their 50 day moving averages and
held those gains, the cyclicals have actually found resistance
there and begun to roll over.  I generally view the CYC.X
similarly to the Dow, only more comprehensive.  The weakness here
has me concerned about the Dow rally.  If the group can breakout
to the upside through the 50-dma, the broader market rally will
have more credibility.

Chart of the Morgan Stanley Cyclical Index (CYC.X)



The housing market has continued to keep consumers positive about
at least one asset - their homes. Record low rates and record
setting housing purchase numbers have salvaged home values, while
investors' 401(k) retirement plans have taken a beating in the
equity markets.  However, last week's economic data showed that
while sales in the Northeast were strong, the South and Midwest
housing sectors were seeing a pullback.  Homes at the higher end
of the pricing spectrum are also seeing a slowdown and the number
of homes on the market is at its highest point.  With mortgage
rates creeping higher, the catalyst for much of the hot housing
market may be cooling off. The homebuilders are measured by the
Dow Jones U.S. Home Construction Index (DJUSHB).  This index, in
following the trend of other sector indices, has also reached a
level of resistance and looks to be rolling over. This is in
spite of recent positive earnings news from a number of builders,
as investors are beginning to wonder what future earnings will
look like if the housing market cools.

Chart of the Home Construction Index


The telecom sector has been showing some strength after a brutal
couple of years that were filled with bankruptcies and accounting
scandals. Companies have been cutting staff and capital spending,
attempting to crawl back out of the red.  The North American
Telecoms Index (XTC.X) includes companies such as AT&T, Lucent,
Qwest, Verizon and Nortel.   The group has finally been showing
some promise, putting together a nice run, along with the rest of
the market.  However, a look at the chart shows yet another
sector heading into resistance.  Unlike some of the others, this
one has not begun a significant rollover, but the rally has
definitely slowed.

Chart of the North American Telecoms Index (XTC.X)



The Semiconductor Sector Index (SOX.X), which has been the
biggest surprise in the last few weeks, continues to make
headway.  In spite of constant warnings about a lack of IT
spending and a host of companies lowering fourth quarter
guidance, the index continues to set higher intraday highs.
However, we may be looking at yet another sector that has hit its
ceiling.  After a 38% rally in less than three weeks, the 300
level looks like a challenge, with additional resistance 10
points higher.  The sector broke through its 50-dma in impressive
fashion and has continued higher, but the last couple of rallies
have found resistance at a familiar level.

Chart of the SOX


The reason for posting the above charts is to show readers that
want to pile on a rally that this may not be the best time to do
so.  While the market "feels" bullish after one gain following
another; particularly gains that seem to shrug off bad news, we
really have reached a point where another push will be needed to
break through.  That push may be coming next week. Or at least
many investors and traders are beginning to assume it is. The
Federal Reserve Open Market Committee, which sets the fed funds
rate, meets on November 6.  The chance of a rate cut, following
continuing weak economic indicators, is being pegged at 50%.  The
last rate cut was almost a year ago and the rate has stood at
1.75% since.  This week will bring a host of economic data,
including Consumer Confidence on Tuesday and third quarter GDP on
Thursday, along with Chicago PMI, October unemployment, non-farm
payrolls and personal income.  The market action we see at the
end of the week may seem counterintuitive on the surface.  As
this economic data is released, the markets are likely to rally
on soft numbers and drop if the numbers are above expectations.
The reason for this is that there will be a focus on the FOMC
meeting and negative economic news will increase the likelihood
of a rate cut (and vice versa).

We now seem rangebound in the Dow between 8250 and 8550.  The
sideways movement may continue, however volatility is likely to
pick up toward the end of the week when the economic data is
released. The Market Volatility Index (VIX), which hovered near
40 last week, has now dropped to 35.67, indicating that there is
less fear of the downside in the marketplace. The longer we are
stuck in this range, the more significant a breakout is likely to
be.  The S&P 500 has found its own range, between 880 and 900.
While it has made several forays over 900, it has been unable to
hold those gains, making me weary of a continued rally.   The
trade today of 905 was a triple top point and figure breakout,
which is usually bullish.  However, one of the concerns with this
type of pattern is the "bull trap," which is a one-box breakout
(which this was), is followed by an immediate reversal.  A trade
of 910 would satisfy the PnF bulls, and I would need to see a
close over 900, as well.

Charts of The Dow and SPX


The sideways movement can be frustrating for traders looking for
entry points.  However, sometimes there is nothing you can do but
wait. We are likely to see a pick up in activity later in the
week, so those itchy trigger fingers may have to wait until then.
Keep an eye on the above outlined levels and be ready for a
breakout in either direction.


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

AG Edwards - AGE - close: 33.54 change: -0.18

WHAT TO WATCH: We're somewhat dubious as to the sustainability of
the latest rally in the financial group, but AGE might be a good
bullish candidate if the sector continues to rise.  Lehman
Brothers came out on Monday and raised its rating on Citigroup,
citing (amongst others) an improvement in credit quality and
capital markets.  The entire sector rating on large-cap banks was
boosted as well.  AGE has been uptrending for the past two weeks
and shares are threatening to move above the 50-dma ($34.05).
Bullish traders could watch for a move above today's high
($34.29) to clear the way for a rally to the 200-dma at $38.37.
Take note that the point-and-figure chart is showing bearish
resistance at $37.00.




---

Caterpillar Inc - CAT - close: 40.47 change: -0.98

WHAT TO WATCH: Shares of CAT bounced powerfully from the relative
lows near $34.00, but were rejected by the 100-dma ($43.01).  The
oscillators are starting to roll, and it looks like shares will
soon break under the 50-dma ($40.41) and psychological support at
$40.00.  A break under $40.00 would yield a possible bearish
action point.  We'd be looking to ride CAT down to the $35-$37
area.




---

Centex Corp - CTX - close: 44.26 change: -2.23

WHAT TO WATCH: The latest announcement from Centex gave
fundamental bulls a lot to be happy about.  In addition to
reporting a 38% increase in home sales, the company also raised
its outlook for both the second half and full year of fiscal
2003.  Interestingly, shares did not rally on this news.  CTX
actually traded sideways for a few sessions before falling below
the 50-dma ($46.92) on Friday.  Today's trading had the stock
moving below whole-number support en route to a 4.7% loss.  The
rolling MACD and recent three-box point-and-figure reversal also
bode ill for the bulls.  So despite the recent positive numbers,
the technical picture is decidedly negative.  Wall Street may be
skeptical about the ability of CTX meet its lofty estimates while
the economy continues show weakness.  Overall it looks like the
stock could descend to the $40.00 area in the near future.  Short
entries can be considered on a move below $44.00 or on another
rollover from the 50-dma.




---

Dean Foods - DF - close: 36.60 change: -1.00

WHAT TO WATCH: This stock is a pretty slow mover, but shares
might pick up downward momentum if the 200-dma ($36.17) gives
way.  DF spiked under this moving average on Monday, backed by
the strongest volume in over two weeks.  A move under today's low
($35.95) could take shares to the next level of support at
$32.00.  This roughly coincides with the 61% retracement level
from July lows to October highs.  Given enough time, DF might
eventually retest its 2002 lows near $27.00.




---

KLA-Tencor - KLAC - close: 35.00 change: +1.38

WHAT TO WATCH: Semiconductor bulls are still waiting for the
SOX.X to crack resistance at 300.  Monday's action saw the index
briefly move above this level, only to get dragged down by the
sinking NASDAQ.  If a breakout does materialize, KLAC looks like
a good bullish chip play.  The stock outperformed the NASDAQ and
gained 4.1% on Monday, with no apparent news to drive shares
higher.  This was sufficient to take KLAC above bearish p-n-f
resistance at $34.00 and the relative high of $34.81.  Looking at
the daily chart, there are no other substantial levels of
overhead resistance until $40.00.  Watch for a move above $36.00
to yield a possible bullish action point.




---

SPX Corp - SPW - close: 42.44 change: -1.48

WHAT TO WATCH: SPW is trading at half its recent price after
undergoing a 2-for-1 stock split last Friday.  If the recent
action is any indication, it looks like shares could suffer a
post-split depression.  The recent violation of support at $45.00
took SPW to new 52-week lows.  With this level now acting as
resistance, it looks like the stock might be headed for a test of
the post-9/11 lows near $38.00.  Bearish positions can be
evaluated on a move below short-term support at $42.00.




---

QUALCOMM - QCOM - close: 35.46 change: -1.06

WHAT TO WATCH: QCOM had a great run after breaking above $30.00
earlier this month, but shares are looking top-heavy at current
levels.  The stock was pressured today by news that South Korea
had cracked down on four telecom firms (all of which are QCOM
customers) for providing illegal mobile phone subsidies to
consumers.  Although the $35.00 has kept a floor under the stock
price for the past week, the rolling MACD and daily stochastics
indicate that a breakdown could be forthcoming.  Short-term
traders could target a move to the 200-dma ($32.87) if support
does give way.  More optimistic bears could target a retest of
the $30.00 region.



---

DENTSPLY Intl. - XRAY - close: 37.69 change: -1.24

WHAT TO WATCH: DENTSPLY was one of the presenters at today's
Solomon Smith Barney Global Health Conference.  We weren't able
to track down the company's comments, but it appears that
investors didn't find much to cheer about.  Shares lost 3.1%,
broke support at $38.00, and spiked under the 200-dma.  The daily
chart shows that shares could fall precipitously now that this
moving average has given way.  Should shares fall under today's
low, we'd be looking for a retracement of the rapid gains from
late-July.  Oscillators are already looking oversold, but the p-
n-f chart is currently showing a double-bottom sell signal.





=========================
Play-of-the-Day (new BEARISH Active Trader play)
=========================

Phillip Morris - MO - close: 41.64 change: -0.96 stop: *text*

Company Description:
The Philip Morris family of companies, including Kraft Foods Inc.
(Kraft), is the world's largest producer and marketer of consumer
packaged goods. Philip Morris Companies Inc. recorded 2001
underlying net revenues of approximately $81 billion and owns
83.9% of the outstanding common shares of Kraft and is the
largest shareholder, with an approximately 36% economic interest,
in SABMiller plc. (source: company press release)

Why We Like It:
With MO leading the way, tobacco stocks rallied sharply in recent
weeks.  Shares of the Dow component moved higher after the
company's October 17th earnings report, which included a solid
increase in profits and sales.  Net income rose by 87% on a year-
over-year basis.  But Big MO might not be out of the woods just
yet.  Continued economic worries have led some analysts to
believe that the company will have to increase its promotional
spending, and the recent $28 billion payout to a women with lung
cancer in California certainly isn't a positive sign.  Although
this amount will most likely be drastically reduced in the
appeals process, the prospect of more lawsuits could spook
potential investors.  (On a related note, a new study indicates
that nicotine might actually have beneficial effects on the
circulatory system.  Far be it for us to second-guess medical
experts, but isn't that like saying alcohol has beneficial
effects on the liver?  Color us skeptical.  Somehow we doubt this
news will have health-conscious consumers rushing out to buy
cigarettes or nicotine patches.)

All sarcasm aside, what really gets our blood pumping about MO is
the way shares have begun to rollover from descending resistance
on the daily chart.  The recent rally petered out just below the
50-dma ($43.86), and it looks like today's 2.2% decline could be
the start of more pronounced sell-off.  This outlook is supported
by the declining daily stochastics (5,3,3).  Further selling
action could also cause the MACD to rollover from just under the
baseline.  Overall it looks like MO could eventually move back to
the $36.00 region.  There's some possible resistance at $40.00,
but we suspect this level will give way if the Dow Jones begins
to fall out of its current sideways trading range.  We're placing
an entry trigger one cent under today's low, at $41.49.  If
activated, this play's stop will be placed at $44.11, two cents
above the relative high.  This is also above the 50-dma.  Those
who are more risk-averse could use a stop just above $43.00.

Annotated chart - MO



Picked on October xxth at $xx.xx <- see text
Results since picked:      +0.00
Earnings Date           10/17/02 (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 10-28-2002
                                                   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
  New Bearish Plays:     MO
  Triggered Plays:       MLM, SUP (bearish)

High Risk/Reward
  Triggered Plays:       WPI (bullish)

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 New Plays
============

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

Phillip Morris - MO - close: 41.64 change: -0.96 stop: *text*

Company Description:
The Philip Morris family of companies, including Kraft Foods Inc.
(Kraft), is the world's largest producer and marketer of consumer
packaged goods. Philip Morris Companies Inc. recorded 2001
underlying net revenues of approximately $81 billion and owns
83.9% of the outstanding common shares of Kraft and is the
largest shareholder, with an approximately 36% economic interest,
in SABMiller plc. (source: company press release)

Why We Like It:
With MO leading the way, tobacco stocks rallied sharply in recent
weeks.  Shares of the Dow component moved higher after the
company's October 17th earnings report, which included a solid
increase in profits and sales.  Net income rose by 87% on a year-
over-year basis.  But Big MO might not be out of the woods just
yet.  Continued economic worries have led some analysts to
believe that the company will have to increase its promotional
spending, and the recent $28 billion payout to a women with lung
cancer in California certainly isn't a positive sign.  Although
this amount will most likely be drastically reduced in the
appeals process, the prospect of more lawsuits could spook
potential investors.  (On a related note, a new study indicates
that nicotine might actually have beneficial effects on the
circulatory system.  Far be it for us to second-guess medical
experts, but isn't that like saying alcohol has beneficial
effects on the liver?  Color us skeptical.  Somehow we doubt this
news will have health-conscious consumers rushing out to buy
cigarettes or nicotine patches.)

All sarcasm aside, what really gets our blood pumping about MO is
the way shares have begun to rollover from descending resistance
on the daily chart.  The recent rally petered out just below the
50-dma ($43.86), and it looks like today's 2.2% decline could be
the start of more pronounced sell-off.  This outlook is supported
by the declining daily stochastics (5,3,3).  Further selling
action could also cause the MACD to rollover from just under the
baseline.  Overall it looks like MO could eventually move back to
the $36.00 region.  There's some possible resistance at $40.00,
but we suspect this level will give way if the Dow Jones begins
to fall out of its current sideways trading range.  We're placing
an entry trigger one cent under today's low, at $41.49.  If
activated, this play's stop will be placed at $44.11, two cents
above the relative high.  This is also above the 50-dma.  Those
who are more risk-averse could use a stop just above $43.00.

Annotated chart - MO



Picked on October xxth at $xx.xx <- see text
Results since picked:      +0.00
Earnings Date           10/17/02 (confirmed)





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

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

Martin Marietta Mat. - MLM - cls: 27.45 chg: -1.63 stop: 29.61

Shares of MLM were hit with selling on Monday morning, following
a Merrill Lynch downgrade of competitor VMC.  The stock reached
our entry trigger at $27.99 shortly after 11:00.  Technically, it
looks like shares will continue lower.  MLM reached a new multi-
year low today and also traced a bearish engulfing candlestick on
the daily chart.  A rollover from $28.00 might offer an action
point for new entries, but remember that Martin Marietta
announces earnings before the bell on October 31st.




---

Superior Ind. - SUP - close: 42.75 change: -0.90 stop: 46.01

This play was activated on Monday when SUP reached our entry
trigger at $42.97.  The stock managed a bounce from the $43.00
region before moving lower in afternoon trading.  In another
positive sign for the bears, shares closed near the worst levels
of the day.  New entries can be targeted on a move under $42.64.
Our stop is at $46.01, safely above the 50-dma and 200-dma.






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

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

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

Watson Pharmaceuticals - WPI - cls: 26.60 chg: +0.78 stop: 23.99

Triggered!  WPI gapped above our entry price this morning,
activating this play at the opening price of $26.20.  Investors
seemed to be pleased with this morning's news that Watson had
entered into an agreement with OMJ Pharmaceutical.  The deal
allows WPI to release generic versions for three oral
contraceptives when the branded products lose their market
exclusivity.  With the $26 resistance level out of the way, we
think shares have a very good shot of reaching the $30.00 region.
Our stop-loss is set at $23.99, under the 200-day and 50-day
moving averages.





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

ING     ING Group                  17.30     +0.60
NFS     Nationwide Fincl.          30.15     +1.15
BYS     Bay State Bancorp          20.75     +1.46
HORC    Horizon Health Corp        17.44     +0.94

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

AW      Allied Waste Ind.           7.60     +1.08
TTN     Titan Corp                 13.23     +1.24
MKSI    MKS Instruments            13.01     +1.18
MACR    Macromedia Inc.            10.80     +1.10
VVTV    Valuevision Media          13.13     +1.05
SHLM    A. Schulman Inc            16.43     +1.34

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

MRK     Merck & Co.                54.23     +1.32
SNE     Sony Corp                  45.03     +1.23
SI      Siemens                    43.65     +1.35
AT      Alltel Corp                49.42     +2.77
NFS     Nationwide Fincl.          30.15     +1.15
PFGC    Performance Food Group     38.20     +1.43
CELG    Celgene Corp               22.10     +1.42

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

PG      Procter & Gamble           85.75     -2.95
THC     Tenet Healthcare           42.50     -6.81
HCA     HCA Inc                    48.65     -2.33
K       Kellogg Co.                33.00     -2.15
NWL     Newell Rubbermaid          32.40     -1.79
ERTS    Electronic Arts            63.06     -4.55

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

ITT     ITT Industries             63.99     -1.86
DGX     Quest Diagnostics          60.61     -3.53
WTW     Weight Watchers            47.52     -1.48
BLL     Ball Corp                  47.90     -1.51
ACDO    Accredo Health             44.42     -3.93




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

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