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Daily Newsletter, Wednesday, 11/06/2002

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PremierInvestor.net Newsletter              Wednesday 11-06-2002
                                                  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:      Time to Wake Up
Watch List:       AT, BMY, C, DAL, PLB, TXN, UB, and more...
Play of the Day:  Speculating On a Rebound


******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
11-06-2002                High    Low     Volume Advance/Decl
DJIA     8771.01 + 92.74 8800.00  8590.19  1961 mln   1468/483
NASDAQ   1418.99 + 17.82 1419.04  1386.52  1710 mln   1710/457
S&P 100   471.06 +  3.13  472.47  461.23   totals     3178/940
S&P 500   923.76 +  8.37  925.66  905.00
RUS 2000  392.73 +  6.66  392.73  385.61
DJ TRANS 2413.71 + 69.25 2416.91  2336.79
VIX        34.48 +  0.20   36.67  33.87
VIXN       50.06 -  1.14   53.79  50.06
Put/Call Ratio .67
******************************************************************


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

Time to Wake Up

by Steven Price

Sell the news!  That appeared to be the theme to this morning's
trading, as bulls got what they wanted when republicans took over
the Senate.  Investors were hoping for this development, as it
should lead to more permanent tax breaks and a friendlier
environment for big business.  That being said, the initial boost
led to profit taking after the pre-election rally.

Some of the big winners were defense stocks, which are likely to
benefit from the GOP taking control of all three branches of
office.  Republicans generally raise the defense budget, and with
President Bush leaving little doubt that he would like a regime
change in Iraq, there should be little Congressional opposition
when the time comes to send in the troops. The defense indices,
DFI.X and DFX.X posted gains of 21.47 (4.07%) and 6.51 (4.13%),
respectively. The group's big gainers were Northrop Grumman
(+3.92), L-3 Communications (+2.24), General Dynamics (+3.32) and
Alliant Techsystems (+3.45).

As the day wore on, the market went into a holding pattern ahead
of the FOMC rate announcement.  The general feel was that the
FOMC would cut rates by 25 basis points, leaving the Fed Funds
rate at 1.50%.  A 25 basis point cut would not have left much
room for additional moves, to deal with a further stagnating
economy and possible terrorist attacks. Furthermore, recent
comments from past meetings seem to indicate that the Fed
Governors saw a slowly growing economy, in which rates were
already at stimulating levels.  However, the feeling was that the
economy needed a bit of a boost and if the FOMC did not cut, the
markets could crash hard. Therefore, those firms calling for a 50
basis point cut at this meeting appeared to be smoking something
other than tobacco.  The fed funds futures were pricing in a 25-
point cut, with a slight possibility of another at the December
FOMC meeting on December 10.

Little did we know what the Greenspan clan was planning - a 50
basis point cut that was the result of a unanimous 12-0 vote of
the FOMC.  Sounds pretty bullish for the markets, huh?  Not so
fast.   The FOMC statement that accompanied the reduction stated
that, "incoming economic data have tended to confirm that greater
uncertainty, in part attributable to heightened geopolitical
risks, is currently inhibiting spending, production, and
employment."  The committee basically telegraphed serious concern
about what they called a "soft spot" in our economy.  They blamed
heightened geopolitical risks (read: Iraq), which certainly have
had some effect on companies reluctant to do business in that
part of the globe, as well as concerns over fuel costs.  However,
the rough employment picture seems more based on a lack of
business spending in the economy, which has also led to
contraction in the manufacturing sector.  Now that the bullets
are out of the gun, it will be interesting to see how the fed
deals with future economic weakness.   While it is possible to
lower rates further than the current 1.25%, there is not much
room to move before money essentially becomes free, when taking
into account the inflation rate.  The fed addressed that concern
by stating, "Inflation and inflation expectations remain well
contained."  The committee also said it believed that the risks
are balanced for now, in regard to long-term goals of price
stability and economic growth.  This indicates they are not
planning any more changes in the near term.

We usually see a dramatic reaction following rate cuts, at least
intraday.  Today saw no such reaction, as investors took time to
digest just what the cut meant.  Was the FOMC giving the economy
a big shot in the arm that is likely to lead the market higher?
Or was the committee telling us that things are absolutely
terrible and they are going to try to loosen up some cash ahead
of the holiday spending season?  Without any real market
commitment, it seems that no one is exactly sure.  The answer is
most likely both.  Today's reaction saw a boost, and then a dip
and then a methodical march higher.  Bulls can feel good about
the Dow breaking through the next resistance level of 8750, which
was the shoulder level on the H&S pattern formed from July
through September and also provided resistance the last couple of
days since breaking through 8550 on Monday.   We are seeing a
consistent pattern of rallies followed by consolidation, followed
by another rally.   While the 50 point cut did not send the
markets off to the races, the grind upward remains in tact.
Today's high of 8800.00 gives us the next intraday upside
breakthrough target for bullish confirmation.

Chart of the Dow


The Nasdaq followed a similar pattern to the Dow, with a dip
following the rate announcement, which eventually turned into a
gain of 17.82 by the end of the day.  That gain looked likely to
carry over to tomorrow's open after networking giant Cisco beat
earnings estimates by a penny after the close.  The company's
revenues rose 8% from the year-ago period and surpassed
expectations slightly, as well. Cisco was trading as high as
$13.60 after hours, up $0.63 from the closing price. However, the
stock topped out and pulled back to $12.80, below the day's
closing price, as the company revealed that 2nd quarter revenue
would be sequentially flat to down 3-4%.  The Nasdaq Composite is
actually testing its August top and tomorrow's action should be a
test of whether the recent rally can set a higher high. The NDX
has already accomplished the higher high, and often leads the
other indices. However, after hours it had pulled back, along
with Cisco. If the pullback in Cisco turns out to be evidence of
a last gasp to the rally, then the August highs were the true
test and the intermediate bounces take on less importance. If the
Nasdaq actually shakes off the forecast, and takes out the August
high, then there is no reason to believe the Dow cannot attempt
the same feat. If a Cisco warning doesn't spoil the party, then
I'm not sure what can.

Chart of the Nasdaq Composite


Chart of the NDX


We continue to hear that IT spending has yet to turn around, so
the current rally seems misplaced.  However, there is no arguing
that we are in rally mode and traders should go along for the
ride until the tide turns.  That tide could turn on a single
sell-off, so we need to be very nimble and loyal to our stop
losses. The Cisco "pseudo-warning" could lead to that sell-off,
but for the last month the markets have shaken off the bad news
with amazing strength.  The last time we ventured into this
territory the Dow kept going to 9077, before turning around and
sinking below its July lows.  We are still in a bear market and
thus any rally should be considered of the intermediate type.
This means that the current rally is still against the broader
tide and longs need to be careful.    Market internals seem to be
favoring a continued rally, however, with the bullish percentages
of the Dow, Nasdaq Composite, NDX, OEX and NYSE all now in bull
confirmed status.

One of the less talked about factors affecting businesses is
lower fuel costs.  For all the talk of OPEC not raising quotas to
ensure the world's oil supply continues if the U.S. invades Iraq,
the 11-member group has largely ignored its own quotas.  OPEC
pumped more than 3 million barrels per day in October, which was
15% more than their limit.  OPEC president Rilwanu Lukman only
half-heartedly criticized the quota busting, saying, "It's
alright now in the fourth quarter and first quarter, maybe the
market will tolerate (over-production), but come the second
quarter unless there is a strong shift in demand there may be
less oil required in the market."  The price of crude oil in the
futures market has dropped steadily from close to $31 per barrel
at the end of September, to under $26 per barrel at the close of
business today.  The ongoing debate in the U.N. seems to have
pushed off Iraqi invasion plans in the short-term, but a little
tough talk from the administration could quickly send oil prices
higher once again.

Chart of Crude Oil Futures


The chip stocks got a big bounce today, after successfully
testing support at 300 in the Semiconductor Index (SOX.X)
yesterday. Like many of the other tech sector indices, it is
still steadily climbing after the August through September sell-
off resulted in multi-year lows. There has been no real change in
tech predictions, as IT service provider Computer Sciences (CSC)
lowered its 2003 outlook, citing slow spending.  Here is a look
at the SOX, as well as the Software Index (GSO.X) and Hardware
Index (GHA.X). They have all been steadily climbing through
resistance levels and show no sign of slowing. It is hard to
believe that they can continue the run without a spending
increase, but with rates lower, investors may be hoping that the
reduced cost of financing leads to a reversal in that trend.

Chart of the SOX


Chart of the GSO


Chart of the GHA



SEC Chairman Harvey Pitt resigned last night.  Pressure mounted
on Pitt as a result of his pushing William Webster as his choice
to head the SEC's accounting oversight board.  Webster had been
involved in an accounting fraud suit based on activities at U.S.
Technologies, where he was part of a 3 person audit committee
that voted to dismiss outside auditors in the summer of 2001,
after the auditors raised questions about the firm's internal
financial controls.   The company is all but insolvent and is
facing multiple shareholder suits claiming they were defrauded of
millions of dollars.  Pitt failed to share this information with
the White House and other members of the commission and calls for
his resignation have come on a daily basis since Webster's
involvement was revealed.  Webster had shared this information
with Pitt, but was assured it would not be a problem.  Oops.

Tomorrow's trading should give us a good gauge of the next trend.
After the election, the surprise 50 basis point rate cut and the
news from Cisco has a chance to digest, we'll get a feel for
whether investors will continue to buy, in spite of continued
tech warnings, or if the Fed has soothed all fears. Look for
intraday support over Dow 8750 and a COMPX breakthrough of the
August high of 1826 to signal continued strength.  If we get a
tech pullback, then watch for the beginning of a continued
retreat.  It is not often we get so much news accompanying
crucial market support/resistance levels, so if you been sleeping
in class, now's the time to sit up and pay attention.


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

Alltel Corp - AT - close: 50.29 change: -0.83

WHAT TO WATCH: This telecom stock is looking a little top-heavy
at current levels.  Shares rallied powerfully from the $40.00
level but weren't able to handle resistance at $52.00.  With the
oscillators hinting at a pullback, aggressive bears might want to
watch for a break below $50.  The daily chart looks like AT could
retrace to the $44-$46 area, but watch out for potential support
at the 200-dma ($48.50).




---

Bristol Meyers Squibb - BMY - close: 26.99 change: +1.12

WHAT TO WATCH: Most large drug stocks turned in a very positive
session on Wednesday after the GOP took back control of the
Senate in the mid-term elections.  Goldman Sachs upgraded the
entire pharmaceutical group, citing an expected easing of
regulatory pressures.  BMY gained 4.3% on the good news and
powered above resistance at $26.50.  Possible resistance looms at
$28.00 (previous support from early-May), but shares could easily
reach the $30.00 level if the drug sector continues to power
higher.




---

Citigroup - C - close: 37.89 change: -0.12

WHAT TO WATCH: We've heard both bullish and bearish arguments for
how today's half-point rate cut will fundamentally affect the
financials.  Wall Street can't seem to make up its mind either
way, judging by the way Citigroup see-sawed back and forth after
the FOMC announcement.  Technically, we have a negative bias on
C.  The stock rallied more than 40% from its October lows and is
now languishing under the 200-dma ($39.64).  The overextended
MACD and daily stochastics (5,3,3) do not give the bulls much
hope that the uptrend will continue.  While there's some
potential support at $34, a pullback to the 50-dma ($31.68)
wouldn't be out of the question if the overall banking sector
sells off.  A move below $36.00 would help to confirm that the
recent uptrend has come to an end.




---

Delta Airlines - DAL - close: 12.69 change: +1.44

WHAT TO WATCH: Like a phoenix rising from the ashes, the XAL.X
airline index has seen a substantial bounce from its all-time low
of $26.12.  The XAL has shown an inverse relationship with crude
oil futures (cl02z), which have been downtrending for over a
month.  Lower oil prices equate to less operating costs and
higher profit margins for the airline companies.  The sector
continued higher today on speculation that the 50-point rate cut
would stimulate lagging business travel.  DAL zoomed higher by
12.8% today and plowed through its 50-dma at $11.70.  This
breakout has raised the possibility that shares will rally to the
next level of resistance at $14.00.  The double-top p-n-f
breakout and uptrending oscillators bode well for a continued
rally.  Long entries can be targeted on a pullback to the $12.00-
$12.25 area.




---

American Italian Pasta - PLB - close: 32.60 change: -1.59

WHAT TO WATCH: We're sure PLB makes a fine fettuccini, but the
recent stock movement isn't as palatable for shareholders.  PLB
has been moving lower ever since the company issued an earnings
warning on October 30th.  The stock has consistently found
support just above $32.00, near the 200-pd moving average on the
weekly chart.  A breakdown below $32.00 would create a triple-
bottom sell signal on the p-n-f chart, clearing the way for a
move to the $28.00 area.  Short-term traders could look for a
decline to psychological support at $30.00.




---

Tractor Supply Co - TSCO - close: 43.29 change: -0.11

WHAT TO WATCH: TSCO has had a remarkable run over the past two
years.  Obviously the company is doing something right; Tractor
Supply's latest earnings report included a hefty increase year-
over-year net profit and same-store sales.  Net income was 39
cents/share, 12 cents better than consensus estimates.  Although
the stock is trading near all-time highs, we would not be looking
to chase the stock higher.  Instead, bullish traders might want
to watch for a pullback to $40.00.  A successful test of this
support level would set the stage for a rally to the $50 area.
FYI, the current bullish count on the point-and-figure chart is
$66.




---

Texas Instruments - TXN - close: 16.40 change: +0.18

WHAT TO WATCH: We were awfully tempted to add TXN as a short play
tonight.  Those who are familiar with the stock will recall that
it's been moving lower in a descending regression channel since
March.  TXN spiked above the top of this channel on Monday but
was quickly hammered back down after the company made some
comments indicating that the semiconductor business has not seen
any signs of improvement.  Shares underperformed the SOX.X on
Wednesday and closed under the descending 50-dma ($16.76),
following the company's announcement of some layoffs.  The rising
volume and falling oscillators are technical signs that TXN will
continue to fall within its channel.  Look for a move below
$15.50 to pave the way for a retest of the $13.00-$13.25 area.
More optimistic bears could target a decline to the bottom of the
channel near $10.00.  So why did we skip this play?  Two words:
strong sector.  The SOX.X has been extremely resilient, and we'd
like to see some weakening in the chip sector before going short
on TXN.




---

Unionbancal Corp - UB - close: 41.20 change: -1.00

WHAT TO WATCH: Here's another possible short within the banking
group.  UB was trending higher until Monday, when shares rolled
over from the converging 100-day and 200-day moving averages.
The stock was also rejected by a trend of lower highs on the
daily chart.  UB faded Wednesday's broader market rally and set a
short-term low.  This pullback came on the strongest volume in
over three weeks.  The rolling MACD looks like it could soon give
a bearish crossover, and the daily stochastics (5,3,3) are
falling towards the lower band.  Throw in a three-box reversal on
the p-n-f chart, and the bulls are faced with a whole lot of
technical weakness.  Patient traders (UB is a relatively slow
mover) can consider going short on a move below $40.75.  We'd be
looking for a near-term decline to the $37.00 area.





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

Tenet Healthcare - THC - close: 26.28 change: +0.06 stop: *text*

Company Description:
Tenet is the second largest hospital chain in the country, operating
115 hospitals nationwide (source: press release)

Why We Like It:
Animal rights groups might balk at this play's premise, but let
there be no mistake: We're looking for a dead cat bounce.  THC
has seen roughly 50% of its value evaporate since October 25th.
Although shares were initially pressured by some negative
brokerage comments and concerns of Medicare outlier payments, it
wasn't until October 31st that the stock went into freefall mode.
That was the day that federal prosecutors in California filed an
affidavit alleging false billing by two doctors employed by
Tenet.  These charges were followed by the disclosure of a
Federal Trade Commission investigation into the merger of two of
the company's hospitals in Kentucky.  All this scrutiny led to
today's announcement that an arm of the Department of Health and
Human Services will audit Tenet to see whether they over-billed
Medicare for millions of dollars in expensive procedures.

Given these serious charges it would not have been surprising to
see THC break to fresh lows...but this was not the case.  Shares
rebounded from above yesterday's low and finished with a small
gain.  The lack of a sell-off on the bad news could be telling.
Bears will argue that today's rebound was simply a function of a
post-GOP-victory buoying the overall healthcare group, but we
believe that THC may be due for a bounce.  There are plenty of
shorts sitting on very large gains from the recent decline.
These shorts could begin covering en masse if the stock breaks
out of its short-term consolidation range.  Whether or not the
Medicare audit reveals any dreaded "irregularities" won't be
known for some time.  Our goal with this play is simply to
capture a quick rebound to the $33-$35 area.  Insofar as action
points, we'll enter this play if THC moves above today's high
($27.47).  If we're triggered our stop will be set at $23.69, one
cent under yesterday's low.  Those willing to give the stock a
little more breathing room could use a stop just below $23.00.
If all goes as planned we'll see THC rise to a target region
within a matter of days.  Because further negative news could
cause THC to gap below our stop-loss, only risk capital should be
used for this play.  FYI, Tenet has a conference scheduled after
the bell on Thursday to discuss its outlier payment issues.

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







=================================================================
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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
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Copyright ) 2002  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter               Wednesday 11-06-2002
                                                   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:      DIA (bearish)

High Risk/Reward
  New Bullish Plays:     THC

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
----------------

Diamonds - DIA - close: 88.05 chg: +1.15 stop: *text*

We had some bearish plans for the Diamonds, but the Fed just
didn't want to cooperate.  The surprise 50-point rate cut was
good for a 92-point rally on the Dow.  Not bad, but we think
that's pretty tame when you consider there was only a 15% chance
of a 50-point cut priced into fed futures.  The markets' rebound
from the October lows seems to have already priced in a half-
point reduction.  With CSCO issuing negative guidance after the
close we think equities could experience a sell-off on Thursday.
We've raised our action point for this play to $85.89, two cents
under today's low.  Our stop (if activated) will be at $88.26,
slightly above today's high.  We'll probably drop the Diamonds if
we're not triggered tomorrow.






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

=============
HR New Plays
=============

  -----------------
  New Bullish Plays
  -----------------

Tenet Healthcare - THC - close: 26.28 change: +0.06 stop: *text*

Company Description:
Tenet is the second largest hospital chain in the country, operating
115 hospitals nationwide (source: press release)

Why We Like It:
Animal rights groups might balk at this play's premise, but let
there be no mistake: We're looking for a dead cat bounce.  THC
has seen roughly 50% of its value evaporate since October 25th.
Although shares were initially pressured by some negative
brokerage comments and concerns of Medicare outlier payments, it
wasn't until October 31st that the stock went into freefall mode.
That was the day that federal prosecutors in California filed an
affidavit alleging false billing by two doctors employed by
Tenet.  These charges were followed by the disclosure of a
Federal Trade Commission investigation into the merger of two of
the company's hospitals in Kentucky.  All this scrutiny led to
today's announcement that an arm of the Department of Health and
Human Services will audit Tenet to see whether they over-billed
Medicare for millions of dollars in expensive procedures.

Given these serious charges it would not have been surprising to
see THC break to fresh lows...but this was not the case.  Shares
rebounded from above yesterday's low and finished with a small
gain.  The lack of a sell-off on the bad news could be telling.
Bears will argue that today's rebound was simply a function of a
post-GOP-victory buoying the overall healthcare group, but we
believe that THC may be due for a bounce.  There are plenty of
shorts sitting on very large gains from the recent decline.
These shorts could begin covering en masse if the stock breaks
out of its short-term consolidation range.  Whether or not the
Medicare audit reveals any dreaded "irregularities" won't be
known for some time.  Our goal with this play is simply to
capture a quick rebound to the $33-$35 area.  Insofar as action
points, we'll enter this play if THC moves above today's high
($27.47).  If we're triggered our stop will be set at $23.69, one
cent under yesterday's low.  Those willing to give the stock a
little more breathing room could use a stop just below $23.00.
If all goes as planned we'll see THC rise to a target region
within a matter of days.  Because further negative news could
cause THC to gap below our stop-loss, only risk capital should be
used for this play.  FYI, Tenet has a conference scheduled after
the bell on Thursday to discuss its outlier payment issues.

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

LFG     Landamerica Fncl.          36.81     +0.51
BMY     Bristol-Myers Squibb       26.99     +1.12
UAG     United Auto Group          13.30     +0.56
TXT     Textron Inc                44.92     +2.61
RCL     Royal Caribbean Cruises    20.65     +0.72
OCA     Orthodontic Centers        11.05     +0.93
DCO     Ducommun. Inc              13.21     +0.80

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

UNTD    United Online              13.42     +1.22
CREE    Cree Inc                   19.91     +1.70
DMRC    Digimarc Corp              15.61     +1.11
CVC     Cablevision Systems        15.55     +2.56
GP      Georgia-Pacific Corp       15.42     +1.67
CRTK    Coorstek Inc               16.80     +1.58

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

APPX    American Pharma.           23.58     +2.63
MRK     Merck & Co                 56.00     +1.80
LLY     Eli Lilly                  60.48     +2.54
RL      Polo Ralph Lauren          21.40     +2.39
CYMI    Cymer Inc                  30.50     +2.94
CCMP    Cabot Microelectronics     52.95     +3.21
KMG     Kerr-Mcgee Corp            45.39     +1.21

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

ITMN    Intermune Inc              34.65     -1.85
AMGN    Amgen Inc                  46.21     -3.87
PLB     American Italian Pasta     32.60     -1.59
CBSH    Commerce Bancshares        40.30     -1.20
BTH     Blyth Inc                  24.55     -1.02
TCB     TCF Financial Corp         39.80     -2.43

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

UCBH    UCBH Holdings Inc          42.14     -0.32
MRBK    Mercantile Bankshares      38.52     -1.10
PNY     Piedmont Natrual Gas       34.92     -0.48
PETC    Petco Animal Supplies      23.85     -0.75
CF      Charter One Financial      30.08     -0.52
GIL     Gildan Activewear          21.82     -0.25




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