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Daily Newsletter, Monday, 11/25/2002

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PremierInvestor.net Newsletter                 Monday 11-25-2002
                                                  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:      Holiday Cheer
Watch List:       CAL, GENZ, IDPH, NVLS, SANM, and more...
Play of the Day:  Plowing Ahead


******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
11-25-2002                High    Low     Volume Advance/Decl
DJIA     8849.40 +  44.56 8868.87 8756.02  1930 mln  1205/714
NASDAQ   1481.90 +  13.16 1486.94 1461.13  1906 mln  1378/424
S&P 100   476.95 +   1.92  478.88  471.87   totals   2583/1138
S&P 500   932.87 +   2.32  937.15  923.31
RUS 2000  404.85 +   4.85  404.85  399.24
DJ TRANS 2326.94 +  12.96 2336.99  2300.11
VIX        26.95 +   0.22   28.26   26.82
VIXN       45.68 -   0.81   47.98   44.95
Put/Call Ratio 0.59
******************************************************************


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

Holiday Cheer

by Steven Price

It certainly feels like a holiday week. We saw quite a bit of
sideways movement today, with no real trend development. However,
we did see some developments that leave me still feeling bullish
in the short term.   Any rally will have its pullbacks and the
measure of whether that rally can sustain itself is a series of
higher highs and higher lows.  The broader market indices saw a
minor pullback, which stopped considerably higher than the
previous one.  After the big bounce on Wednesday and Thursday
last week, some consolidation can be expected.  The key is where
that consolidation occurs.  One surprise today was that there was
actually a decent amount of volume, which should trail off over
the next couple of days.  The NYSE traded 1.5 billion shares and
the Nasdaq traded 1.9 billion.   As traders got their positions
set for the holiday week, we got a clue as to just what to expect
for the short term.  Rather than take profits ahead of the
slowdown, the picture looked bullish, staying over 8800 in the
Dow and 1460 in the Nasdaq. The internals showed a 55/40% advance
decline ration in the NYSE and a 60/40% advance decline in the
Nasdaq. The Russell 2000 also closed on its high of the day,
indicating broad market buying. This could be a result of
bullishness ahead of Tuesday and Wednesday's economic data, as
well.

First let's take a look at the Dow.  The industrials established
a new recent intraday high of 8830.89 on Friday.  Today's
pullback stopped at 8756.02, establishing the third higher low in
the recent rally. This week is historically bullish, so I'll lean
in that direction, as long as the market supports that lean.  So
far it hasn't done anything to change my mind.

Chart of the Dow



One of the things we need to be aware of, however, is that the
tech indices are approaching some significant resistance,
following the recent run.  The market usually moves as a whole,
and the Dow will not be achieving new highs without some
articipation from the techs. I don't mean to sound bearish on the
tech sector.  If these stocks were able to shrug off the earnings
warnings, lousy IT spending environment and poor turnaround
visibility, then there are plenty of institutions that think they
were undervalued to begin with.  Last week's guidance increase
from Taiwan Semiconductor only served to keep the sector fire
lit. The Nasdaq Composite (COMPX) is quickly approaching the 200-
dma of 1500, which will also be round number resistance. We are
likely to find sellers there and it will be a real test of buying
conviction to break through.  We have to remember that we have
just seen a 33% increase in value of the COMP since October 9, so
just how much fuel is left in the tank remains to be seen.  Have
we finally reached values where these techs aren't considered
undervalued?  Have the shorts covered from the breakout above the
August high of 1426?  We may find out by the end of the week.

Chart of the Nasdaq Composite



One of the sectors that seem immune to downgrades recently has
been the chip stocks.  The Semiconductor Index (SOX) continues to
achieve new relative highs, with hardly a pullback.  Intel was
downgraded this morning, but had little affect on the chip
sector.    There was also a report that the company will be
raising flash memory prices 20-40%, beginning in 2003. This
reflects a positive outlook on the memory sector and may lead
other suppliers to hike prices, as well.   Investors saw the
possible price hike as a bigger factor, and the SOX once again
reached new relative highs.  The current point and figure bullish
vertical count is 412 for the index and coincides closely with
the 200-dma of 410.93.  While some pullback can be expected
between now and then, the group has shown no signs of slowing
down and 400 may not be that far off.

Chart of the SOX


Last week's data gave the housing market a scare when it was
reported that there was an 11% drop in new home construction for
the month of October.   However, those fears were somewhat dashed
today, as existing home sales showed a 6.1% increase, to an
annual rate of 5.77 million units.  This was the third highest
sales rate ever and lent credibility to the most recent week's
21% increase in mortgage applications. It was also above
expectations of a rate around 5.42 million. The median home price
is up 9% in the past year, which is the fastest one-year
appreciation since 1987.  With mortgage rates still at all-time
lows, it appears the housing market is not yet seeing a bubble
effect, and that is good news for disposable income heading into
the holiday season.  While it is widely expected that retailers
will suffer from less than ideal numbers this holiday season,
decent home sales usually means a high number of refinances, as
well.  Taking this a step further, Alan Greenspan said recently
that, "roughly half of equity extractions are allocated to the
combination of personal consumption expenditures and outlays on
home modernization."  Personal consumption expenditures mean
bigger gifts and better retail sales come Christmastime, so keep
your fingers crossed.

The Market Volatility Index (VIX) continues to remain at
relatively low levels, indicating a lack of downside fear to the
market.  At worst, the low VIX would indicate consolidation at
the current levels and at best a continuing rally.  It bounced
slightly today, tacking on 0.22 by the end of the day, but
remains under 27.  The slight bounce was most likely the result
of an oversold condition after Friday's end of the day selling by
weekend premium pirates.  Those sellers look to collect time
decay not only over the weekend, but heading into slow holiday
trading.  That led to a sell-off into Friday's close and market
makers pulling down the bids to avoid getting longer over the
weekend (thus a lower VIX reading based on the reduced average
bid/ask of OEX options).   Once the markets re-open on Monday,
traders have the opportunity to make the premium work in their
favor once again and are willing to take the bids back up a
little. Still, readers need to be aware of the time decay factor
heading into Thanksgiving.  Wednesday afternoon before the
holiday, most trading floors are vacant, leading to little market
movement.  With the market closed on Thursday and a half day
Friday, followed by the weekend, long option holders are looking
at 4-5 days of time decay, affecting December options more than
any others. Those long option holders with profits in out of the
money December options may want to think about taking some
profits early in the day on Wednesday, before the traders start
to head home and those left in the pits bring down the bids again
ahead of the decay span.

The next couple of days bring the release of a good deal of
economic data. So we may get some movement before Wednesday
afternoon. Tuesday brings the release of new home sales and
initial jobless claims. On Wednesday we get personal income and
spending, Chicago PMI, durable goods orders and the University of
Michigan revised Consumer Sentiment.  The spending and sentiment
numbers should have a pronounced effect, as they will be another
indication of just how willing consumers will be to open their
wallets as we head into the holiday shopping season. Today's
Investor Optimism Index rose slightly from record lows in
October, so we'll see if that trend will continue.  This month's
spending and confidence trends are particularly important, since
it will come out just before the shopping season officially
begins following Thanksgiving.  The initial jobless claims will
come in comparison to those in a four day week, when government
offices were closed for Veteran's Day.  Therefore, we should see
an increase, but the rolling 4-week average will be the key.

The trend of bad loans seems to be continuing in the banking
sector, and is something to keep an eye on.  After a number of
banks cited under performing loans as a possible weight on future
earnings several weeks ago, the sector took a dive.  The recent
rally has overcome those concerns, but comments from Bank of
America this morning highlighted a pattern that has the potential
to re-open the Pandora's Box.  BAC cited a pattern of lending
money to executives whose companies and personal fortunes have
declined in value.  Private Banking, or loans to high net worth
customers, is a significant function in most large banks that we
haven't heard much about.  Most of the warnings have come in
regard to business lending, so we could be seeing the beginning
of a new wave of concerns, albeit less expensive than the
business loan problems.

For the time being, the broader market trend remains up.
However, as we close in on resistance in the Nasdaq, make sure to
tighten up those stops and not let recent profits slip away.   It
has been quite a month and those P&L statements should look
pretty good for the first time in a while.


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

Continental Airlines - CAL - close: 9.60 change: +0.45

WHAT TO WATCH: Aggressive short-term traders may want to keep an
eye on CAL.  The stock is threatening to break above resistance
at $10.00.  A move above this level would create a double-top buy
signal on the p-n-f chart.  The next obstacle for the bulls would
be the August highs near $11.25.  In sector-related news today,
AMR announced that it would be reducing its first-quarter
domestic capacity by 3.2%.  This downward revision in expected
demand was actually greeted with enthusiastic buying on Wall
Street - AMR finished the day with a 7.7% gain.




---

Genzyme Corp. - GENZ - close: 31.26 change: +1.08

WHAT TO WATCH: We've already got a bullish biotech stock on our
Play List (ICOS), but GENZ looks like a pretty good long
candidate as well.  The stock has broken above its 200-dma
($30.48) and is trading at bearish resistance on the p-n-f chart.
A trade at $32.00 would create a breakout above this descending
trend.  The gradual nature of the March-June downtrend makes it
hard to gauge upside profit targets, but short-term traders could
target a rally to the $35.00 level.  Note, however, that the
biotech index is approaching possible resistance in the 290-300
area.  Traders looking to hedge their long positions could think
about shorting IDPH.  Read on for more details...





---

IDEC Pharmaceuticals - IDPH - close: 36.24 change: -3.13

WHAT TO WATCH: IDPH was whacked for an 7.9% loss today after CS
First Boston made some negative comments about the sales forecast
for the company's Rituxan and Zevalin drugs.  Technically, the
stock is looking very weak.  Shares have underperformed the
biotech index ever since they topped at $47.41 on November 5th.
The BTK.X has gained 3% since that date, while IDPH has lost
nearly a quarter of its value.  Today's high-volume breakdown
below bullish support on the p-n-f chart suggests that IDPH will
not find buyers at the October lows near $35.00.  A move under
this whole-number support level might send shares tumbling
towards the $30.00 area.  Such a decline would probably be
accelerated if the BTK.X rolled over from its 200-dma at 390.




---

Novellus Systems - NVLS - close: 36.25 change: +1.85

WHAT TO WATCH: Fueled by a 15.8% gain in AMD, the semiconductor
index outpaced the NASDAQ on Monday and rose to a new relative
high.  The SOX.X has cleared resistance at 365 and now looks to
be headed for 400.  Should the chip sector continue to find
buyers, NVLS looks like it could rally to the $40.00 area.  The
stock has broken above bearish p-n-f resistance and is currently
on a double-top buy signal.  Today's relative strength is an
indication that shares could close above the 200-dma ($36.27) for
the first time since May.  Tomorrow afternoon's mid-quarter
update may provide the catalyst for a breakout.  Watch for a move
above $37.05 to provide a possible bullish action point.
Conservative traders should not take positions ahead of the
company's announcement.




---

Sanmina-SCI - SANM - close: 4.60 change: +0.57

WHAT TO WATCH: Shareholders of this NASDAQ-100 component have
benefited from Wall Street's newly discovered love of beaten-down
single-digit tech stocks.  SANM rallied more than 50% off last
week's lows near $3.00, despite the lack of any positive company-
specific news.  Under normal circumstances we'd be looking a
pullback after such a rapid gain.  However, the current wave of
speculation in cheap stocks could easily continue if the NASDAQ
manages to break through resistance at 1500.  We think SANM looks
like a good high-risk/high-reward trade on a move above its
August high of $4.80.  A move above this level could send shares
towards the 200-dma at $7.09.  Possible congestion lurks in the
$5.00-$5.50 region.  Alternatively, a pullback to the $3.50 area
might also provide a bullish entry point.




---

Sealed Air Corp - SEE - close: 23.16 change: +1.83

WHAT TO WATCH: Shares of Sealed Air were deflated on the last two
days of July after a federal court handed down a ruling that
effectively increased the company's asbestos liability exposure.
A trial is scheduled for December 9th to decide whether SEE is
responsible for asbestos claims leveled at W.R. Grace (GRA).
Sealed Air acquired GRA's food packaging business in 1998.  The
company's stock has been retracing its huge July losses ahead of
the trial.  SEE got an 8.5% boost today after CS First Boston
upgraded the stock from "Underperform" to "Outperform," citing a
favorable risk/reward profile at current levels.  The stock has
been ascending on rising volume and does not have any significant
resistance until the $30-$32 area.  Long entries can be targeted
on a move above today's high ($23.76), but be aware of the
headline risk associated with any new legal developments.




---

Veritas - VRTS - close: 20.05 change: +0.71

WHAT TO WATCH: Today's breakout above $20.00 is a positive
development for the bulls.  Although shares have already posted
some large gains over the past week, the bullish triangle
breakout on the p-n-f chart and rising oscillators are hinting at
a continued uptrend.  Watch for a move above today's high
($20.61) to clear the way for a rally to the 200-dma at $23.68.
Possible resistance lies at the July high of $22.00.




---

Zimmer Holdings - ZMH - close: 37.50 change: -1.44

WHAT TO WATCH: Over the past two sessions ZMH has been dogged by
speculation that it was going to purchase either Wright Medical
Group or Centerpulse.  The company adamantly denied these rumors
in a press release last Friday, but that didn't seem to help the
stock today.  Shares gave back most of the previous session's
gains and finished with a 3.6% loss.  Volume was about three
times the daily average.  Interestingly, ZMH bounced again from
just above its 200-dma ($35.94).  A breakdown below this moving
average could send the stock towards the $30-$32 region.





=========================
Play-of-the-Day (new BULLISH Active Trader/non-tech play)
=========================

Tractor Supply Co. - TSCO - cls: 45.34 chg: +1.74 stop: *text*

Company Description:
Tractor Supply Company operates more than 400 stores in 30 states
and is focused on supply products for the lifestyles needs of
hobby and part-time farmers and ranchers. The Company,
headquartered in Nashville, Tenn., also serves the maintenance
needs of suburban customers, contractors and tradesmen. Tractor
Supply stores are located in the outlying towns in major
metropolitan markets and in rural communities. (source: company
press release)

Why We Like It:
This niche retailer appeals to a broader, non-rural customer base
by offering products such as ride mowers, trimmers, tools, and
even go-cart and mini-bike parts.  And while we admittedly don't
have too many insights into the world of farming and ranching
(that's mostly the domain of commodity traders), it's pretty
clear that this niche retailer is doing something right.  Tractor
Supply announced record earnings last month that included a
tripled net income, a 200% increase in earnings-per-share, and a
7.7% gain in same-store sales.  The company beat analyst
expectations and issued optimistic comments regarding growth for
2003.  A press release in early-November touted the fact that
TSCO, for the first time in the company's history, had eclipsed
one billion dollars in annual sales.  Given this evidence of
fundamental strength, it's not surprising to see that TSCO is
trading at all-time highs.  Shares have been trending higher for
nearly a year and the stock really kicked into high gear after
the October 14th earnings report.

What earned the stock a slot on our Play List was today's
breakout above resistance at $45.00.  Shares outperformed the
RLX.X retail index and edged above that level during the final
hour of trading.  This breakout created a triple-top breakout on
the point-and-figure chart.  Triple-top buy signals, in a bull
market, are statistically profitable 87.9% of the time for an
average gain of 28.7%, over 6.8 months (source: Professor Earl
Davis).  Of course whether or not we're in a bull market is up
for debate.  But considering the recent upside momentum in the
broader market, we think a breakout to new highs accompanied by a
triple-top buy signal is a very compelling technical development.
Bulls can also be encouraged by the strong volume over the past
three weeks, with up days seeing more trading action than down
days.  The MACD is pinned at overbought and not giving much of an
indication of where TSCO is going next.  Bears will even argue
that this shows the stock is ready for a pullback.  However, the
daily stochastics (5,3,3) recently reversed near the middle range
and are moving back towards the upper band.  Overall we think
TSCO is positioned to extend today's breakout.  Our initial
profit objective for this play will be $49.94, but we may raise
our goal if the stock continues to move higher at a rapid clip.
The current bullish vertical count is $63.  This paper trade will
be activated once TSCO moves above $45.50.  If triggered, we'll
use a stop at $42.49.  More conservative types could use a stop
slightly under today's low ($43.34).

Picked on November xxth at $xx.xx <-- see text
Results since picked:       +0.00
Earnings Date            10/14/02 (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
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.

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http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html

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Copyright ) 2002  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter                  Monday 11-25-2002
                                                   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 Bullish Plays:     TSCO

High Risk/Reward
  Stop Adjustments:      ICOS (bullish)

Split Trader Stock Splits
  Split Announcement:
                         TEVA: 2-for-1 Split Announcement

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 Bullish Plays
  -----------------

Tractor Supply Co. - TSCO - cls: 45.34 chg: +1.74 stop: *text*

Company Description:
Tractor Supply Company operates more than 400 stores in 30 states
and is focused on supply products for the lifestyles needs of
hobby and part-time farmers and ranchers. The Company,
headquartered in Nashville, Tenn., also serves the maintenance
needs of suburban customers, contractors and tradesmen. Tractor
Supply stores are located in the outlying towns in major
metropolitan markets and in rural communities. (source: company
press release)

Why We Like It:
This niche retailer appeals to a broader, non-rural customer base
by offering products such as ride mowers, trimmers, tools, and
even go-cart and mini-bike parts.  And while we admittedly don't
have too many insights into the world of farming and ranching
(that's mostly the domain of commodity traders), it's pretty
clear that this niche retailer is doing something right.  Tractor
Supply announced record earnings last month that included a
tripled net income, a 200% increase in earnings-per-share, and a
7.7% gain in same-store sales.  The company beat analyst
expectations and issued optimistic comments regarding growth for
2003.  A press release in early-November touted the fact that
TSCO, for the first time in the company's history, had eclipsed
one billion dollars in annual sales.  Given this evidence of
fundamental strength, it's not surprising to see that TSCO is
trading at all-time highs.  Shares have been trending higher for
nearly a year and the stock really kicked into high gear after
the October 14th earnings report.

What earned the stock a slot on our Play List was today's
breakout above resistance at $45.00.  Shares outperformed the
RLX.X retail index and edged above that level during the final
hour of trading.  This breakout created a triple-top breakout on
the point-and-figure chart.  Triple-top buy signals, in a bull
market, are statistically profitable 87.9% of the time for an
average gain of 28.7%, over 6.8 months (source: Professor Earl
Davis).  Of course whether or not we're in a bull market is up
for debate.  But considering the recent upside momentum in the
broader market, we think a breakout to new highs accompanied by a
triple-top buy signal is a very compelling technical development.
Bulls can also be encouraged by the strong volume over the past
three weeks, with up days seeing more trading action than down
days.  The MACD is pinned at overbought and not giving much of an
indication of where TSCO is going next.  Bears will even argue
that this shows the stock is ready for a pullback.  However, the
daily stochastics (5,3,3) recently reversed near the middle range
and are moving back towards the upper band.  Overall we think
TSCO is positioned to extend today's breakout.  Our initial
profit objective for this play will be $49.94, but we may raise
our goal if the stock continues to move higher at a rapid clip.
The current bullish vertical count is $63.  This paper trade will
be activated once TSCO moves above $45.50.  If triggered, we'll
use a stop at $42.49.  More conservative types could use a stop
slightly under today's low ($43.34).

Picked on November xxth at $xx.xx <-- see text
Results since picked:       +0.00
Earnings Date            10/14/02 (confirmed)






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

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

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

ICOS Corp. - ICOS - close: 32.12 change: +1.46 stop: 28.72 *new*

Shares of ICOS continue to fill in the large April 30th gap.  The
stock ignored today's lack of direction in the biotech sector
(the BTK.X finished nearly unchanged) and added another 4.7%.  At
the moment we're going to raise our stop by two dollars, to
$28.72.  While more conservative traders could use a stop just
below $30.00, we'd prefer to have the added protection of the
$29.00 level, which looks like support on the 15-minute chart.
The way ICOS has traded higher on strong volume is a good sign
that shares will continue to advance towards the $35.00 area.
Traders with an aggressive strategy could look for new entries on
a move higher from current levels.  A pullback to $31.00 might
also provide a bullish action point.






=================================================================
Split Trader Stock Splits (ST) section
=================================================================

Split Announcements
-------------------

Teva Pharmaceutical prescribes a 2-for-1 stock split

After the market opened this morning, Teva Pharmaceutical
Industries (NASDAQ: TEVA) announced that its Board of Directors
had approved a 2-for-1 stock split.

The split will be payable on or about January 15, 2003 to
shareholders of record on December 10, 2002.

A move above $79.00 would put TEVA at new all-time highs and also
create a double-top buy signal on the p-n-f chart.  This might
yield an action point for bulls looking to play a possible split
run.  The stock saw heavy buying ahead of its most recent split in
early-2000.

Shares closed at $76.38 on Friday.  For a current quote, click here:

http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=TEVA

About the company
Teva Pharmaceutical Industries Ltd., headquartered in Israel, is
among the top 35 pharmaceutical companies and among the largest
generic pharmaceutical companies in the world. Over 80% of Teva's
sales are in North America and Europe. The company develops,
manufactures and markets generic and innovative human
pharmaceuticals and active pharmaceutical ingredients. (source:
company press release)


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

NLS     Nautilus Group             16.27     +0.67
AHMH    American Home              10.51     +0.51
AEP     American Electric Power    30.18     +1.64
ALE     Allete Inc                 23.13     +0.76
TECUA   Tecumseh Products          44.62     +1.54

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

ASIA    Asiainfo Holdings           8.75     +1.68
CCRD    Concord Communications     10.30     +1.21
AMD     Advanced Micro Devices      7.95     +1.09
SMTC    Semtech Corp               18.11     +1.62
WR      Western Energy             11.09     +1.34
AEIS    Advanced Energy            17.66     +1.04
INSP    Infospace Inc              11.34     +1.55

---------------------------------------
Breakout to Upside (Stocks over $20)
---------------------------------------
Ticker  Company Name               Close     Change
SEE     Sealed Air Corp            23.16     +1.83
TSCO    Tractor Supply             45.34     +1.74
GNSS    Genesis Microchip          21.41     +2.43
MUR     Murphy Oil Corp            89.10     +7.64

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

FHCC    First Health Group         21.33     -1.63
WLP     Wellpoint Health Ntwk      62.49     -7.25
AET     Aetna Inc                  35.75     -4.39
OHP     Oxford Health              33.92     -1.23
ITT     ITT Industries             61.65     -2.64
ZMH     Zimmer Holdings            37.50     -1.44

-----------------------------------------
Recently Overbought With Bearish Signals (Stocks over $20)
-------------------------------------------
Ticker  Company Name               Close     Change
FCB     Falmouth Bancorp           25.25     -0.90




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