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Daily Newsletter, Monday, 11/04/2002

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PremierInvestor.net Newsletter                 Monday 11-04-2002
                                                  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:      Higher Ground, But For How Long?
Watch List:       BRL, CTXS, GAS, HON, NUE, PLXS, and more...
Play of the Day:  Here We Go Again...


******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
11-04-2002                  High    Low     Volume Advance/Decl
DJIA     8571.60 +  53.96  8730.64 8521.60   1972 mln  1336/621
NASDAQ   1396.54 +  35.84  1320.25 1279.46   2358 mln  1917/405
S&P 100   462.26 +   4.10   470.58  458.16    totals   3253/1026
S&P 500   908.35 +   7.39   924.58  900.96
RUS 2000  386.97 +   6.29   391.34  383.45
DJ TRANS 2333.84 +  18.16  2372.41 2318.47
VIX        34.47 +   0.49    34.85   32.45
VIXN       49.22 -   0.64    49.64   46.96
Put/Call Ratio 0.73
******************************************************************


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

Higher Ground, But For How Long?

by Steven Price

I can hear the bulls screaming "I told you so!" It's tough to 
argue with them after the Dow has pasted on 1400 points in 3 1/2 
weeks.  However, why do we keep reading about more spending cuts, 
low demand and declining revenues?  Because businesses have yet 
to increase spending budgets, and demand is still soft.  While 
the market is going up, it is awfully hard to jump on for 
anything more than the short term.  We did, in fact, cross some 
significant resistance today, but ran smack into more.  The Dow 
jumped over 200 points intraday, following Microsoft up $4.25 at 
one point.  However, the rally collapsed toward the close, with 
the blue chips finishing up 53.96 on the day.

On a macro scale, the recent Dow rally began October 10, pulled 
back, found support at the 50-dma, and then took off to higher 
ground.  When I see a stock with this type of chart, I think 
"long play."  So why am I not singing the praises of long term 
calls?  It doesn't take a genius to understand that when 
companies reduce spending, workers lose jobs and suppliers don't 
see much income. When suppliers see reduced income, they let 
employees go.  When consumers lose jobs, they don't go shopping 
as often.  When they don't shop, stores don't sell, and don't 
need as many employees. Consumer spending makes up 2/3 of GDP...  
By now you get the point. 

I certainly don't want to rain on the parade.  Those traders who 
have played long for the last few weeks have a nice profit and 
should be aware of the big picture heading into the next couple 
of days. The elections on Tuesday bring with them the possibility 
of republicans taking control of the Senate.  This is seen as 
bullish for the market, as republicans are generally more 
sympathetic to big business.  Following the elections is 
Wednesday's FOMC meeting, where the Fed is expected by many 
investors to lower the Fed Funds rate by 25 basis points, to 
1.5%. The December Fed Fund futures are pegged at 1.395%, not 
only predicting one cut of 25 points, but possibly an additional 
cut before year's end.  Certainly both of these developments 
could be positive for the market; however, it seems there is 
still plenty of work to do before the overall business 
environment sees significant improvement. 

Let's start with a look at what we've accomplished so far.  The 
Dow bottomed on October 9 at 7197, before catching fire and 
blasting its way to current levels.  Once it got through 8000, it 
was straight up to resistance at 8300 and then consolidation 
between 8200 and 8550.  A look back at the old head and shoulders 
formation between July and September gives us a good picture of 
recent resistance levels and has been fairly reliable. If the 
index can break through 8750, where it stalled out today (high of 
8730), then 9000 appears to be the next step.  Certainly it does 
us no good to be bearish the whole way up, so jumping on for the 
moves between levels and then reducing as we get close to 
resistance or support seems to be the best strategy. Right now 
the rally stalled below resistance and landed above support at 
8550, so that is the current range. This corresponds to support 
of 900 in the SPX, which formerly served as resistance.  However, 
with the events of the next two days, it is likely we will test 
those bounds. The wild card in all of this is pegging just how 
much effect we are seeing from the aforementioned events on 
Tuesday and Wednesday. 

Chart of the Dow


Why all the hoopla over the rate cut?  There are several reasons.  
First, lower rates make business investment cheaper.  If a 
business can borrow at a lower rate, it makes it cheaper to 
finance a new factory, accumulate inventory, or upgrade current 
facilities.  One of the biggest problems we've seen is the 
reduction of spending in the business world and all other things 
being equal, a rate cut should help.  The other factor that could 
be playing into the bullishness in individual stocks is that it 
may help debt ratings.  Moody's cut the credit ratings of 69 
companies last month, which was the third highest total since 
1986.  The ratio was also 6.9:1 for downgrades to upgrades. If 
that rate continues through the quarter, it will be the worst on 
record. Lower rates can help corporate creditworthiness, similar 
to the way lower mortgage rates have allowed more people to 
purchase homes. According to Moody's chief economist, "If the Federal
Reserve cuts rates, that improves the outlook for corporate 
credit ratings.  It should increase the supply of liquidity, and 
suppliers of credit might be willing to assume more risk."  A better 
credit rating makes it cheaper to finance current debt as well, 
adding to a company's bottom line. 

The techs got mixed news today.  Dell said it expects strong growth 
in servers and "the phenomenal growth" in services to continue, as 
the company continues to standardize technology. It also said it is 
taking a look at routers and security gear. On the flip side of this 
news, Salomon Smith Barney downgraded the chip equipment sector, 
saying the elevated prices the group has reached recently will 
put it in line with the market movement from here on out. In 
addition, the Semiconductor Industry Association had some mixed 
data to report, as well.  The organization said that third 
quarter global semiconductor sales grew 21% from last year's 
levels. That is certainly good news, and has fueled the recent 
rally in the Semiconductor Index (SOX).  However, growth is 
expected to stall for the quarter, as sales grew a paltry 3% in 
September. In addition, some of the biggest names in the industry 
have predicted a slowdown. These include Texas Instruments, which 
expects a 10% revenue drop in the fourth quarter, and Intel, 
whose flat to 6% growth forecast is far below normal. The 
Association releases its 2003 outlook on Wednesday, which is 
expected to be reduced from the current projection of more than 
20%. Applied Materials (AMAT) also announced it was laying off 
11% of its workforce, in an attempt to adjust to a two year slump 
in chip demand. This afternoon, Steve Jobs, CEO of Apple Computer 
(AAPL), said he has been hearing about a tech recovery 6 months 
out for the last two years, and they still have yet to see a 
turnaround in the PC market.  Prudential also said that a tour of 
Chinese EMS facilities showed that demand remains lackluster, and 
still suffers from near term pricing pressure.  A look at the SOX 
shows how the current upward trend is continuing, but faded with 
the rest of the market this afternoon. There is blue sky up until 
about 360 in the index when we look at the chart, but after a 
gain of 52% in less than a month, along with slowing growth, it 
seems that longs should beware of a stall. 

Chart of the SOX


This morning also brought several downgrades of the retail 
sector. As we head toward the holidays, the recent economic data 
doesn't look promising. Personal spending is down; personal 
income increased less than expected; payrolls are down and 
Consumer Confidence is atrocious.  If one sector is likely to 
feel the effects of these things more than others, it would seem 
to be the retailers. We started to get monthly sales warnings 
back in the summer, with stores repeatedly missing forecasts.  
These misses were blamed on a number of factors, mostly the 
weather (weather is always a factor in apparel sales).  However, 
eventually companies began dropping sales targets, including Wal-
Mart, which has cut them in half.  One of the downgrades, May 
Department Stores (MAY), warned that third quarter earnings would 
come in below expectations.  It said earnings would be $0.08-
$0.10, approximately half of the mean estimate of $0.17. Most 
importantly, MAY reported third quarter sales fell 4% from last 
year, and there was also a 4% drop in October sales. Same store 
sales also dropped 7% in October.  This is clearly an ominous 
sign heading into the holiday shopping season, since last year we 
were suffering the September 11 hangover.  The fact that shoppers 
are purchasing even less this year speaks volumes about spending 
habits and the results of the economy.  Recent retail darling 
Kohl's (KSS) was also downgraded, based on decelerating earnings 
growth and valuation. Goldman Sachs said it was cautious on the 
hard line retail sector, which includes Home Depot and Lowe's, 
citing "daunting" near-term comparisons and few organic growth 
opportunities.  Many retailers will release monthly data on 
Thursday, so we should get a better look at the sector then.  A 
drop in temperatures at the end of October has increased sales in 
some areas, but the trend heading into the biggest sales season 
of the year will not be dependent on the weather. 

So, why all the bearishness here?  Because if we don't get a 
republican Senate and a 50 basis point rate cut, then we will 
only be left to ponder the economic data and business 
environment. We will most likely see a market on hold until 
election results begin to creep in tomorrow. With the fed meeting 
the next day, it will be interesting to see just how committed 
investors are until Wednesday afternoon.  It seems that whatever 
bullish sentiment there was to start the week quickly faded as 
the sellers sold today's rally.  I would initially think the 
rally failure was bearish, but there is no argument that we broke 
into higher ground, above Dow 8550.  Bears should be careful with 
anything more than a 1/2 position here and look for not only a 
breakdown under 8550, but resistance there, as well.  Bulls 
should look to take some profits if another rally stalls at 8750.  
While I'm still bearish overall, the next two days are recently 
uncharted water, so trade what you see, not what you think you 
should be seeing. 


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

Barr Labs - BRL - close: 55.58 change: -3.03

WHAT TO WATCH: BRL has broken to new relative lows and is 
threatening to fall past support at $55.00.  Today's high-volume 
decline (prompted by a brokerage downgrade) could portend a more 
severe sell-off.  The p-n-f chart is looking weak as well, with 
shares recently falling below bullish support.  Short entries can 
be targeted on a move below $55.00, with an initial target of 
$50.00.




---

Citrix Systems - CTXS - close: 8.25 change: +0.52

WHAT TO WATCH: Demand for Information Technology products isn't 
exactly roaring back, but shareholders of CTXS have nonetheless 
enjoyed a gain of more than 50% in just three weeks.  The stock 
blew through the $8.00 level on Monday and traded to a new multi-
month high after Citrix unveiled some new products.  Looking at 
the daily chart, there are no clear levels of resistance to 
prevent a test of the $10.00 level.  The strong volume behind 
today's 6.7% gain bodes well for a continued advance.  Aggressive 
traders can think about going long if CTXS breaks above $8.56. 




---

Nicor Inc - GAS - close: 32.46 change: +0.46

WHAT TO WATCH: Shares of Nicor have been moving higher over the 
past week, despite a sell-off in natural gas futures (ng02z).  
This is somewhat surprising because the company announced last 
Tuesday that it would restate three years of financial results.  
That news seems to have already been factored in by the sharp gap 
lower on July 19th after the initial revelations of "accounting 
irregularities" became known.  GAS is currently filling in this 
gap; the top of which coincides with the 200-dma ($38.39).  This 
provides a reasonable bullish profit target.  A break above 
today's high ($32.75) would yield a possible action point to go 
long.  Those with a shorter-term timeframe could aim for a move 
to the next level of psychological resistance at $35.00.




---

Honeywell Intl - HON - close: 25.01 change: +0.38

WHAT TO WATCH: HON could get a quick two-dollar pop if shares 
manage to break above $26.00.  Broader market bullishness helped 
to propel the stock to a new relative high on Monday.  HON is in 
the process of filling in the September 13th gap that was formed 
when the company issued an earnings warning.  The bad news seems 
to have been priced in, and shares have bullishly moved above the 
50-dma ($24.47).  Take note that HON may find resistance at the 
July lows near $27.50.




---

Intel Corp - INTC - close: 18.77 change: +0.47 

WHAT TO WATCH: A positive reaction to the MSFT court ruling gave 
the entire tech sector a boost on Monday.  The semiconductor 
index (SOX.X) extended Friday's breakout above 300 and finished 
with a 4.1% gain.  Not too bad, considering there were some 
negative brokerage comments out on the chip group this morning.  
Although the current upside momentum is impressive, it may be 
time to start thinking about possible bearish trades within the 
sector.  The SOX.X has solid overhead resistance at the 350 area, 
while INTC faces a similar obstacle at $20.00.  Shares are 
overbought (as shown by the daily stochastics) and could easily 
reach the $16-$17 region if the NASDAQ begins to roll over.  
Aggressive bears could consider shorting a move below $18.50.


 

--- 

Merck Co. - MRK - close: 53.68 change: -0.38

WHAT TO WATCH: Shares of MRK have been spent the last week 
bouncing around in a tight range between resistance at $55.00 and 
the 200-dma at $53.11.  Short-term traders could watch for a 
breakout to take the stock to the May highs near $59.00.  
However, a glance at the oscillators does not support a bullish 
perspective.  The daily stochastics are falling from overbought 
levels, while the overextended MACD looks like it could soon 
begin to curl lower.  Bearish entries could be gauged on a move 
below $53.00, with an initial profit-target of $50.00.  A test of 
the 50-dma ($49.12) wouldn't be out of the question if the Dow 
Jones sells off after the Fed meeting.




--- 

Nucor Corp - NUE - close: 46.42 change: +1.93

WHAT TO WATCH: Last Friday Morgan Stanley raised its rating on 
NUE from "equal-weight" to "overweight," based on the firm's 
belief that the expected 10% price increase in steel will benefit 
Nucor more than their competitors.  The stock's technical picture 
is looking very strong.  Shares tacked on 4.3% on Monday and 
closed well above the 50-dma ($44.23) and resistance at $45.00.  
This produced a triple-top breakout on the point-and-figure 
chart.  Although there's some possible congestion in the $48 
area, the ascending oscillators bode well for a rally to $50-$51.  
Long entries can be considered on a move above $47.00 or a 
pullback to the 50-dma.


 

--- 

Plexus Corp - PLXS - close: 12.27 change: +1.12

WHAT TO WATCH: Here's another lower-dollar stock that's in the 
midst of a powerful rebound.  PLXS has bounced sharply from its 
multi-year lows near $7.00 and just shot past the 50-dma ($11.39) 
and historical resistance at $12.00.  Shares are already 
technically overextended, but a rally to the $16.00 region could 
be forthcoming if the NASDAQ continues higher.  Aggressive 
entries can be evaluated on a move above $12.75.




--- 

Rent-A-Center - RCII - close: 40.82 change: -2.25

WHAT TO WATCH: Rent-A-Center reported earnings last week that 
beat Wall Street expectations by two cents.  The company also 
said its fourth-quarter results would be slightly better than 
consensus estimates.  The fundamental picture looks solid enough, 
but investors have not responded with enthusiastic buying.  
Instead, RCII has lost more than 10% over the past three days on 
stronger-than-average volume.  Shares declined by 5.2% on Monday 
and appeared to be oblivious to the broader market's intraday 
strength.  The stock is now in danger of falling below support 
near $40.00.  Watch for a move under the multi-month low of 
$39.59 to clear the way for a decline to the $36.00 level.






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

Superior Ind. - SUP - cls: 41.60 chg: -1.00 stop: 45.27 *new*

Company Description:
Superior supplies aluminum wheels and other aluminum automotive 
components to Ford, General Motors, DaimlerChrysler, BMW, 
Volkswagen, Audi, Land Rover, MG Rover, Toyota, Mazda, 
Mitsubishi, Nissan, Subaru and Isuzu. (source: company press 
release)

- ORIGINAL WRITE UP: October 24th, 2002 -

Why We Like It:
As you can see from the above description, SUP earns its money by 
selling wheels and other components to the major auto 
manufactures. That fact could weigh heavily on the stock in the 
weeks to come. Although zero-interest financing had cars zooming 
off the lots over the past year, this brisk pace seems to be 
subsiding. The Beige Book data released on Wednesday indicated 
"motor vehicle sales generally slowed from very high levels." 
This does not bode well for Superior Industries. The company 
recently announced some new contracts, but future revenue still 
largely depends on strong auto sales. On a technical basis, we 
like SUP as a short play because of the way shares have rolled 
over from resistance at the converging 50-day ($45.41) and 200-
day ($45.07) moving averages. This level is also the location of 
descending resistance on both the bar chart and the point-and-
figure chart. The falling daily stochastics (5,3,3 setting) 
provide more ammunition for the bears. The last four times the 
stochastics fell out of the overbought region, shares were met 
with heavy selling. We're optimistically targeting a retest of 
the recent lows near $36.00. Shares bounced from just under 
whole-number support at $43.00 today, so we're going to place an 
entry trigger at $42.97. If this play is activated we'll use a 
stop at $46.01, above the relative high and the aforementioned 
moving averages. Shorter-term traders could use a tighter stop 
and target a decline to the $40.00 area.

- Most recent update: November 1st, 2002 -

SUP finished in the green on Friday, but that's just about the 
only victory the bulls can claim. The stock lagged the broader 
market with a gain of only 13 cents and traced a lower high and 
lower low (relative to yesterday's range.) A glance at the 10-
minute chart shows what's keeping a lid on SUP: Shares have 
repeatedly faltered at the declining 200-pd moving average. While 
this may be a mere coincidence, the short-term downtrend bodes 
well for this play. New entries can be targeted on a move under 
today's low ($41.65) or a violation of the relative low at 
$41.16. Conservative traders can use stops just above the 200-dma 
at $45.23.

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

Shareholders of SUP cannot be pleased with Monday's action.  The 
stock failed to participate in the broader market rally and 
finished with a loss of 2.3%.  This pullback came on the 
strongest volume since October 18th, which suggests that the 
bears are firmly in control.  Further technical weakness is shown 
by the reversing daily stochastics and rolling MACD.  Also, check 
out that bearish engulfing candlestick on the daily chart!  
Basically it looks like SUP will have a very tough time moving 
higher over the next few sessions.  If the stock can't rally on a 
day when the Dow is soaring 200+ points on an intraday basis, it 
stands to reason that a market sell-off will lead to new relative 
lows for SUP.  Insofar as action points, short entries can be 
targeted on a move under the short-term low at $41.16.  Those who 
are thinking about taking new positions on Tuesday need to be 
aware that Wednesday's FOMC meeting could lead to unusually 
volatile trading in SUP (and the overall market in general).  
Traders may want to wait until after the interest rate decision 
to gauge new entries.  Our stop-loss for SUP has been lowered to 
$45.27, just above the 200-dma.

Picked on October 28th at $42.97
Results since picked:      +1.37
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 11-04-2002
                                                   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:

Stock Bottom / Active Trader
  Stop Adjustments:      SUP (bearish)

High Risk/Reward
  Stop Adjustments       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 Play Updates
===============  

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

Superior Ind. - SUP - cls: 41.60 chg: -1.00 stop: 45.27 *new*

SUP behaved in a very bearish manner on Monday, as shares 
disregarded the intraday broader market rally and pulled back by 
2.3% on stronger-than-average volume.  This relative weakness, 
combined with the bearish oscillators, suggests that shares will 
continue to move lower on Tuesday.  New entries can be targeted 
on a move below $41.16.  Our stop-loss has been lowered to 
$45.27, slightly above the 200-dma.  More conservative traders 
could use a stop just above $44.00.

Picked on October 28th at $26.20 
Results since picked:      +1.65
Earnings Date           11/06/02 (confirmed)
 





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

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

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

Watson Pharma. - WPI - cls: 27.85 chg: -0.49 stop: 27.51 *new* 

Only one day left for this play.  WPI showed relative weakness 
versus the DRG.X pharmaceutical index on Monday and was unable to 
move to a new relative high.  In an effort to protect a 5% gain, 
we've raised our stop for WPI to $27.51.  With only one day 
before Watson announces earnings we've also lowered our exit 
target to $28.49, four cents under today's high.  If neither our 
stop nor target is reached tomorrow, we'll close this play as of 
the final trade on Tuesday.

Picked on October 28th at $26.20 
Results since picked:      +1.65
Earnings Date           11/06/02 (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 

ACF     Americredit Corp            8.58     +0.53
NVDA    Nvidia Corp                15.64     +1.54
CHKP    Checkpoint Software        14.80     +0.55
ULTE    Ultimate Electronics       15.07     +1.17
BBOX    Black Box Corp             45.74     +1.84
TECD    Tech Data Corp             35.22     +1.88
XEL     Xcel Energy                11.42     +0.62
OPTN    Option Care                 8.85     +0.79

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

HPQ     Hewlett-Packard            17.70     +1.39
FFIV    F5 Networks                10.56     +1.04
DCTM    Documentum Inc             17.43     +1.99
PCLE    Pinnacle Systems           12.90     +1.20
BELM    Bell Microproducts          8.35     +1.97
HELX    Helix Technology           12.24     +1.38
PLXS    Plexus Corp                12.28     +1.13

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

DELL    Dell Computer              30.05     +1.07
AXP     American Express           37.53     +1.28
SCSC    Scansource Inc             68.06     +4.72
VSEA    Varian Semiconductor       27.60     +2.25
TARO    Taro Pharmaceutical        37.35     +1.96
MMS     Maximus Inc                23.07     +2.11
ISSX    Internet Security Sys.     21.21     +2.02

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

RCII    Rent A Center              40.82     -2.25
BRL     Barr Laboratories          55.58     -3.03
LMT     Lockheed Martin            50.23     -6.15
LLL     L-3 Communications         43.50     -2.86
KPP     Kaneb Pipeline             33.36     -1.06
TRW     TRW Inc                    49.50     -3.08
DF      Dean Foods                 35.52     -2.18
VNX     Veridian Corp              21.63     -1.38

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

CPS     Choicepoint Inc            35.73     -1.16
CPC     Central Parking Corp       22.59     -0.61




=================================================================
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.
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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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Littleton, CO 80163

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