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Daily Newsletter, Wednesday, 11/27/2002

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PremierInvestor.net Newsletter              Wednesday 11-27-2002
                                                  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:      Still Some Gas in the Tank
Watch List:       BSX, MSFT, NVDA, RTH, WFMI, and more...
Play of the Day:  High Hopes


******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
11-27-2002                High    Low     Volume Advance/Decl
DJIA     8931.68 + 255.26 8939.91 8678.96  1930 mln  1205/714
NASDAQ   1487.94 +  43.51 1491.45 1462.62  1906 mln  1378/424
S&P 100   480.36 +  13.28  481.44  467.08  totals   2583/1138
S&P 500   938.87 +  25.56  940.41  913.31
RUS 2000  410.24 +  11.92  410.26  398.32
DJ TRANS 2371.82 + 103.47 2377.31  2268.65
VIX        30.84 +   2.10   30.84   26.91
VIXN       47.42 -   0.57   48.73   45.42
Put/Call Ratio 0.67
******************************************************************


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

Still Some Gas in the Tank

by Steve Price

Talk about a head fake! The Tuesday sell-off flew in the face of
history, as Thanksgiving week has traditionally seen the market
in the green.  Of course, after a 1500-point gain in the Dow
since the middle of October, some pullback could be expected.
That pullback found support on Tuesday at the bottom of the
recent ascending channel and took off like a bat out of a very
warm place today.  We have now seen the third higher low in the
current trend, and although the economic news is not exactly
astounding, we are starting to see some improvements that could
push us higher.

It was certainly a feel good day heading into the holiday, giving
investors something to be thankful for.  We got several reports
this morning that looked bullish than we've seen in a while.
They didn't come without cautious linings, but still led to a big
rally. The initial jobless claims data for the latest week fell
17,000 to the lowest level in more than a year.  The four-week
average, which is widely used to smooth out the data, dropped to
385,750, the lowest level in 15 weeks. The only fly in the
ointment here is that continuing claims grew by 91,000 to 3.65
million, dwarfing the drop in new claims.  This indicates that
the time to find new jobs is getting longer.  Part of that is due
to seasonal volatility, as firms put off hiring until after the
New Year, but it is something that could get in the way of
spending for the holidays.

That brings us to the spending number.  Personal spending
increased 0.4%, which was slightly higher than expected.  This
contrasted personal income, which rose only 0.1%, and was
slightly less than expected.  This is probably good news for
retailers, as it indicates a little more willingness to dip into
savings and stretch the plastic as we head to the official
holiday season.  November retail numbers are bound to be low,
since we had fewer "official" shopping days due to a late
Thanksgiving.  However, I expect sales to simply shift to
December, since whatever gifts will be purchased will simply be
done so a little later.  The real effect that the later holiday
can have, however, is fewer "full-price" days for retailers to
reap profits.  Since they can't move Christmas back, prices will
be heading down the closer we get and leave fewer days to shop
ahead of those price reductions.

The other number retail investors need to be looking at is
Consumer Sentiment.  The index rose from 80.6 in October, to 84.2
in November.   The increase was bullish overall, but came in
below the preliminary reading of 85.0, which was release a couple
of weeks ago.  This was below estimates, which were looking for
85.4.  The expectations index also came in above October's
reading, but below estimates.

One of the most bullish signs we saw this morning was the durable
goods number.  Durable goods orders rose 2.8% in October, which
was well above expectations of 1.6%.  Within that report was a
65% jump in communications equipment orders.  That was the
biggest one-month gain in over 5 years. The industry has seen a
big drop-off in capital expenditures and this reading may be
signaling a turnaround.

Next we got the Chicago Purchasing Manager's Index (PMI), which
gave a November reading of 54.3, after sinking to 45.9 in
October.  Expectations were for 48.5, so on a percentage basis,
it beat estimates by a mile.  More importantly, any reading under
50 shows contraction, while readings over 50 show expansion.  The
flip to the upside of 50 also foreshadows a more positive reading
for the NAPM national purchasing manager's survey.

All of this data translated into big gains market wide, sending
the Nasdaq soaring along with the Dow.  Not only did both indices
make up yesterday's drop, but ended the day at new relative
highs, as well. The Dow has now been in an ascending channel
since it's bounce on October 12, with each pullback followed by
extreme bullishness.  We have seen three higher lows and now
three higher highs during the rally.  We are approaching the
August high of 9077 and if the industrials continue the pattern
of following the techs, then we could be looking at a few hundred
upside points to go. The NDX broke the August high at the
beginning of the month, pulled back and then took off again.  The
Nasdaq Composite followed a similar pattern, but didn't actually
break the August high until after the pullback.  Still, it made
it through on the recent rally.

The next challenge for the Dow will be the August high, and then
the 200-dma above that, sitting at 9188.  The Dow has not seen
its 200-dma since before Memorial Day, after which it began the
slide that we are still attempting to recover from.  If we can
get back over both of these levels, then a continued rally
certainly looks possible.  The economic situation in the country
will have to improve to support rising equity prices, however,
this morning's news was a start.   At some point, we'll see an
increase in spending, and a gain in durable goods orders, along
with a turnaround in manufacturing, could be signaling a change
in the tide.  Last week's guidance increase from Taiwan
Semiconductor, citing an increase in PC demand, could also be an
important sign.

Chart of the Dow


The Nasdaq also made up yesterday's losses and with the August
high in the rear view mirror, looks intent on testing the 200-
dma.  It is getting close now, and after the third higher high in
the current run, another 10 points will do the job.   That 200-
dma is descending and is now just below the 1500 level.  A break
over both levels would look even more bullish and could put us
into new territory there, as well.

Chart of the Nasdaq


One of the leading tech sectors has been the chip stocks.  The
Semiconductor Index (SOX) has now put on 78% from its October low
of 214 on October 9.  The index finished the day at 381.69 and
looks intent on testing its 200-dma above 400, as well. After
rallying throughout earnings season, in spite of almost daily
warnings about the lack of chip demand, it appeared that funds
simply felt the news wasn't as bad as expected.  However, it is
hard to explain an almost doubling of value in a month and a
half.  Traders should also remember that the index traded as high
as 641 in March and had plenty of room to bounce.  That still
leaves the sector down 40% in 8 months, even after the 167-point
rally.

Chart of the SOX


We are seeing a pattern here, with most of the broader indices
approaching these 200-dmas.  Certainly the current rally will run
out of steam at some point and that level would be a good time to
start buying protective puts. The bullish percentages are all
very extended, which is bound to happen in such a furious rally,
and are telling us that the risk is shifting to the downside. The
Nasdaq Composite and SPX are both up against their bearish
resistance lines, while the Dow and NDX are floating around in
overbought territory over 70%.  While the bullish percentages can
remain in overbought or oversold territory for quite a while
before a turnaround, once the three-box reversals down begin to
occur, it is time to be extra cautious and possibly take some
profits. The Nasdaq Composite has been turned away from the
bearish resistance line on its last three rallies, so the fact
that it is right there now should be a red flag to keep an eye
on.

Chart of the COMPX Bullish Percent


I am still leaning bullish, as today's new relative highs
indicate more upside in the immediate future. However, once we
get to those 200-dmas, I'm going to start picking up puts across
the board.  Friday is traditionally an up day for the market, but
expect extremely low volume on the half-day.  Most traders stay
home, and the options floor is practically silent.  I expect some
continuation of the rally, however I find it curious that the
Market Volatility Index finished up on such a big rally.  Someone
is apparently worried about the downside, as that is usually the
driver behind a VIX increase. Until we get that rollover, trade
the trend, which is still up, but begin to exercise more caution
as we put on a few more points.


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

Boston Scientific - BSX - close: 41.90 change: +2.70

WHAT TO WATCH: BSX powered to a 52-week high today after a court
ruling effectively delayed the U.S. introduction of Guidant's
drug-coated heart stent.  Boston Scientific is competing with GDT
and JNJ in trying to bring stents to market.  Today's news gives
BSX and JNJ a clear advantage.  Technically, the reversing
oscillators and strong volume behind today's breakout indicate
that BSX could rally to its 1999 highs near $47.00.  Long entries
can be evaluated on a move above $42.00 or a pullback to $40.50.




---

Microsoft - MSFT - close: 58.20 change: +1.30

WHAT TO WATCH: Microsoft came within just four cents of setting a
new multi-month high on Wednesday.  With the NASDAQ approaching
resistance at 1500, a breakout would be fortuitously timed for
tech bulls. MSFT looks like it could reach the $60.00 level if
the broader market maintains its upside bias. This would help the
software index break above its own relative high of 118.63. The
GSO.X has been struggling with its descending 200-dma at 116.80.
A move above $60.00 would set the stage for a rally to the March
high of $65.00.




---

NCO Group - NCOG - close: 16.05 change: +1.34

WHAT TO WATCH: Shares of this business service provider caught
fire today and tacked on more than 9%.  The stock broke to new
relative highs on the strongest volume in nearly two months.
NCOG is now filling in the September 17th gap, which was created
after the company issued a disappointing guidance forecast.  The
top of this gap is at $16.75.  Short-term traders could target a
move to this level, using a pullback to the $15.50 area as an
entry point.  A rally up to the September highs near $18.00 isn't
out of the question, but NCOG will first have to contend with
bearish p-n-f resistance at $17.00.




---

NVIDIA Corp - NVDA - close: 17.07 change: +1.22

WHAT TO WATCH: Semiconductor bulls stampeded on Wednesday after
Novellus Systems (NVLS) re-affirmed their fourth-quarter
expectations and said that bookings had seen a slight increase.
This is an indication that demand is improving...And lately, even
the smallest hint of an upturn for the chip business is enough to
send the bulls into a buying frenzy.  The SOX.X tacked on 6.6%
and moved to another relative high.  At this rate it'll be a
matter of days before the index confronts resistance in the 400-
410 area.  Short-term traders looking to ride the SOX.X up to
resistance can think about a quick long trade in NVDA.  Shares
have broken out to multi-month highs and the daily chart isn't
showing any immediate levels of overhead resistance.  Basically,
it looks like NVDA could tack on another 5%-10% if the SOX.X
reaches 400.  Aggressive entries can be targeted at current
levels.




---

PG&E Corp. - PCG - close: 13.49 change: -0.18

WHAT TO WATCH: PCG faded the broader market rally today and
finished in the red by 1.3%.  The stock rallied more than 65% off
its October lows but has now started to roll over from resistance
at $14.00.  The rolling daily stochastics (5,3,3) suggest that
shares could pull back to the $12.00 level, near the 38.2%
retracement level from the October low to November high.
Previous resistance at $13.00 may now act as support.  However,
the bulls will have a tough time holding this level if the
broader market reverses course and begins to head lower.




---

Retail HOLDRS - RTH - close: 76.40 change: +2.50

WHAT TO WATCH: A lot of anecdotal evidence is pointing towards a
weak holiday season for the retailers, but those concerns were
trumped on Wednesday morning by better-than-expected jobless
claims and personal income data.  This created a 3.6% rally in
the retail index, two days ahead of the crucial post-Thanksgiving
shopping frenzy.  The RTH retail HOLDRS have been consolidating
with the RLX.X and now look ready to move to relative highs.  A
trade at $77.00 would create a bullish triangle breakout on the
point-and-figure chart.  The daily chart shows possible
resistance at $80.00 and $85.00.  Short-term traders could target
a move to the first level, while those with a longer timeframe
could look for a rally to the September highs near $84.00.




---

Teva Pharmaceutical - TEVA - close: 78.99 change: +2.04

WHAT TO WATCH:  TEVA climbed steadily higher this week after the
company's 2-for-1 split announcement on Monday.  Today's 2.6%
gain was enough to push the stock to a new all-time high.  Now
that shares are trading in uncharted territory, the p-n-f chart's
bullish vertical count of $92 seems a little more attainable.
Short-term traders could look for a rally to the $85.00 area,
using a move above $79.12 as an action point to go long...But be
aware that the bears may defend psychological resistance at
$80.00.




---

Whole Foods Market - WFMI - close: 53.57 change: +2.57

WHAT TO WATCH: UBS Warburg downgraded WFMI from "buy" to "hold"
on Wednesday morning, citing valuation concerns.  Apparently
nobody paid much attention.  Shares gapped lower and promptly
bounced from the $50 level.  Buyers moved in throughout the
session and pushed WFMI to a 5.0% gain.  Shares closed near the
best levels of the day, and more importantly, set a new all-time
high.  Business must be humming along at Whole Foods - the stock
has been trending higher for two years.  As anyone who's ever
paid $2.00 for an organic apple can attest, the profit margins
must be pretty large!  Connecting the two relative highs on the
weekly chart (December 2001 and May 2002) shows that WFMI could
rally to the $60.00 area.  On another technical note, that
bullish engulfing candlestick (accompanied by rising volume) must
look pretty intimidating for traders who are still short.





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

ICOS Corp. - ICOS - close: 31.76 change: +1.55 stop: 28.72

Company Description:
ICOS is a product-driven company that has expertise in both
protein-based and small molecule therapeutics. The Company
combines its capabilities in molecular, cellular and structural
biology, high throughput drug screening, medicinal chemistry and
gene expression profiling to develop highly innovative products
expected to have significant commercial potential. The Company
applies its integrated approach to erectile dysfunction and other
urologic disorders, sepsis, pulmonary arterial hypertension and
other cardiovascular diseases, and inflammatory diseases.
(source: company press release)

- ORIGINAL WRITE UP: November 21st, 2002 -

Why We Like It:
The current NASDAQ rally has many of the widely-watched tech
sector indices trading at multi-month highs. Such is the case
with the BTK.K biotech index, which posted a 3.8% gain on
Thursday after breaking through resistance in the 370-375 area.
The overall group looks strong enough, but it's not an easy task
finding a specific biotech stock to play. Some issues (such as
AMGN) just aren't showing enough upside movement. Others (BGEN
and IMCL are good examples) have already seen steep gains over
the past few days and look due for a pullback. However, ICOS does
not fall into either category. The stock's chart shows plenty of
upside potential and a clearly-defined entry point. Basically,
we're looking for ICOS to power through resistance at $30.00 and
fill in the remainder of its April 30th gap. This gap was created
when the FDA mandated that ICOS (and its partner Eli Lilly)
provide additional clinical studies, manufacturing inspections,
and labeling details before it would approve Cialis, an impotence
treatment designed to compete with Viagra. This effectively
pushed back the drug's anticipated release date. Investors bailed
out in droves on speculation that something would go wrong during
this final trial period. Fortunately for ICOS everything seems to
be proceeding smoothly. Positive results from the crucial Phase
III study eliminated most of the remaining uncertainty, and ICOS
is now confident that Cialis will be green-lighted in the second
half of 2003.

Shares of ICOS got a shot in the arm last week when the European
Union said that Lilly ICOS (the joint venture of the two
companies) could begin marketing Cialis in EU countries. The
stock remained under its 200-dma ($28.56) until Thursday, when
shares outperformed the BTK.X and gained 6.8%. ICOS is now
threatening to break through the $30.00 level. The double-top p-
n-f buy signal and rising MACD suggest that the stock will be
able to build on today's gains. By entering this play on a move
above $30.05, we're hoping to capture a rally to the $37-$38
region. If the play is triggered we'll use a stop at $26.72, just
under yesterday's low. More conservative traders could consider a
stop slightly under today's low of $27.75. Also remember that
there's always a certain amount of headline risk when playing
biotech stocks. Negative study results or unexpected FDA demands
can cause several weeks of gains to evaporate overnight.

- Most recent update: November 26th, 2002 -

A common saying around the office here is nothing moves in a
straight line, specifically stocks. That's why it's usually never
a good idea to chase one when you think it's getting away from
you. The pull back today in shares of ICOS may be just what new
bulls need for a more profitable entry point but before you pull
the trigger let's take a look around. The BTK biotech index has
fallen more than 5% today. The BTK.X tried to breakout above its
descending 200-dma two days in a row (Fri/Mon) and failed. The
broad market profit taking was very evident in the biotech group
and the BTK is now resting near 359. If the profit taking
continues for another day we might see the BTK bounce near 350
but there is stronger support at 340-342. Contributing to the
slide in the biotech sector were shares of Biogen (BGEN). Wall
Street powerhouse Merrill Lynch downgraded BGEN from a "neutral"
to a "sell". Their analyst based this on their perceived risk for
BGEN's Avonex and Amevive sales. Meanwhile the same broker upped
their earnings estimates on Amgen (AMGN) but it was little help
to the group or the stock. Shares of ICOS had been so strong and
are up so much that when the profit taking hit today the stock
lost almost six percent. Is it over? Is this a new entry point
for bulls? Maybe but odds are stronger that we could see some
follow through on Wednesday morning. We'd keep an eye out for a
dip to the $29.00 level. If shares bounce there, then we'd
evaluate a potential new long position. As of Monday's close, the
stock was up above the $32 level and we raised our stop to
$28.72. This may have been a bit premature. We hate to reverse
the direction of any stop we set but more patient traders should
probably use the 200-dma at $28.35 or the support we see closer
to $28.00 as their own guide for placing their stops. It would
not surprise us to see ICOS dip to $28.00 or $28.25 and then
bounce higher again. Yes, this will stop us out but you can
adjust your own risk levels based on what you see.

- Play-of-the-Day Comments: November 27th, 2002 -

Historically, the day after Thanksgiving has been a positive day
for the market.  The bulls certainly got a good head start today
with gains of roughly 3% on both the Dow and NASDAQ.  ICOS
responded nicely to the upside momentum and outperformed the
BTK.X biotech index with a 5.1% gain.  Shares actually traded in
a narrow range between $31.50-$32.00 for most of the session, but
the key technical development here is the pullback and subsequent
rebound from $30.00.  ICOS looks ready to trade higher now that
it's blown off some steam and bounced from support, and a
continuation of today's tech rally would provide the ideal
climate for a breakout.  New bullish positions can be gauged on a
move above the relative high of $32.23.

Picked on November 22nd at $30.05
Results since picked:       +1.71
Earnings Date            11/05/02 (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

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Newsletter, or any Premier Investor Network newsletter please
contact Contact Support.

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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 11-27-2002
                                                   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
  Triggered Plays:        PG (bearish)

High Risk/Reward
  Closed Bearish Plays:   NTES

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

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

Procter & Gamble - PG - close: 85.03 change: +0.61 stop: 86.06

Fading the Dow Jones, shares of PG gapped lower this morning and
opened below our action trigger at $84.24.  (A stray trade
actually went off at $84.43 but this appears to have been an
anomaly.)  In any case, this play was activated at $84.00.
Shares quickly followed the market higher and to an intraday high
of $85.55 before finishing with a 0.72% gain.  That's not very
impressive when you consider that the Dow posted a gain of 2.94%.
PG was actually the third-worst performer in the index, behind T
and MO.  This relative strength is a sign that shares will
continue to retrace the late-July rebound.  Of course, another
triple-digit Dow rally on Friday could send PG back towards our
stop at $86.06.  If shares do head higher we'll be looking for
the $85.50 area to continue to provide resistance.  New entries
can be targeted on a move under today's low of $83.60.

Picked on November 27th at $84.00
Results since picked:       -1.03
Earnings Date            10/29/02 (confirmed)






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

===============
HR Closed Plays
===============

Closed Bearish Plays
--------------------

Netease.com - NTES - close: 9.35 change: +1.24 stop: 8.81

The third time was the charm for NTES bulls.  Shares had rallied
to the $8.60 area on Monday and Tuesday but weren't able to move
above $8.75.  But with the broader market moving sharply higher
during today's session, the bears were fighting a lost cause.
Our short play was stopped out for a two-cent loss this afternoon
when NTES launched above resistance.  Shares finished with a gain
of 15.2% and closed at the highest levels in over a week.
Pulling back to look at the larger picture, bulls will point out
that NTES has rebounded after retracing nearly 38% of its
October/November rally.  The rising daily stochastics and three-
box p-n-f reversal indicate that a retest of the $10.00 level
might be forthcoming.  Interestingly, fellow Chinese internet
stocks SOHU and SINA did not see the same sort of explosive
upside movement.  Perhaps Wall Street is getting the sense that
Netease will emerge as the dominant player in the country's
internet portal business.  NTES is one volatile puppy, and we
wouldn't be surprised to see the stock attack new highs in the
near future.

Picked on November 20th at $8.79
Results since picked:      -0.02
Earnings Date           11/05/02 (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

CC      Circuit City                9.30     +0.81
BBY     Best Buy                   27.03     +1.41
TMX     Telefonos De Mexico        32.01     +1.46
SFP     Salton Inc                 13.63     +0.77
PCO     Premcor Inc                20.51     +0.69
RACN    Racing Champions Corp      15.69     +0.84

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

CMVT    Comverse Technology        12.17     +1.44
NCOG    NCO Group                  16.09     +1.39
ESPD    Espeed Inc                 15.65     +1.38
ADSK    Autodesk Inc               15.66     +1.37
CHRT    Chartered Semiconductor     6.63     +1.63
LCI     Lannett Co                 19.96     +1.46

---------------------------------------
Breakout to Upside (Stocks over $20)
---------------------------------------
Ticker  Company Name               Close     Change
CLC     Clarcor Inc                33.60     +1.69
LLY     Eli Lilly                  69.00     +5.00
WFMI    Whole Foods Market         53.51     +2.51
GENZ    Genzyme Corp               33.73     +3.59
BSX     Boston Scientific          41.90     +2.70
IWO     Russell 2000 Ishares       43.65     +1.30
LOGI    Logitech Intl.             38.51     +2.19

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

AMGP    Amerigroup                 28.43     -1.07
SHPGY   Shire Pharma. Group        21.02     -2.93

-----------------------------------------
Recently Overbought With Bearish Signals (Stocks over $20)
-------------------------------------------
Ticker  Company Name               Close     Change
JAH     Jarden Corp                22.58     -0.44




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