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 For more information on advertising in PremierInvestor.net Newsletter, or any Premier Investor Network newsletter please contact Contact Support. ***************************************************************** Copyright ) 2002 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter 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 is possible at this or some subsequent date, the editors and staff of PremierInvestor.net may own, buy or sell securities presented. All investors should consult a qualified professional before trading in any security. The information provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. PremierInvestor.net staff makes every effort to provide timely information to its subscribers but cannot guarantee specific delivery times due to factors beyond our control. Please read our disclaimer at: http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html ***************************************************************** ADVERTISING INFORMATION For more information on advertising in PremierInvestor.net Newsletter, or any Premier Investor Network newsletter please contact Contact Support. ***************************************************************** Copyright ) 2002 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
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