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Daily Newsletter, Monday, 12/02/2002

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PremierInvestor.net Newsletter                 Monday 12-02-2002
                                                  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:      Not Quite There
Watch List:       ADBE, AMZN, BUD, CCU, OMC, and more...
Play of the Day:  A Weak Start To the Week


******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
        12-02-2002        High      Low     Volume Advance/Decline
DJIA     8862.57 - 33.52  9043.37  8787.15 1668 mln   751/2400
NASDAQ   1484.78 +  6.00  1521.44  1474.59 1341 mln   954/2348
S&P 100   477.19 -  1.66   487.94   473.31  totals   1705/4748
S&P 500   934.53 -  1.78   954.28   927.72
RUS 2000  408.54 +  2.18   413.64   406.01
DJ TRANS 2381.43 + 20.81  2408.22  2361.35
VIX        30.05 -  1.03    31.64    29.97
VIXN       50.16 +  0.68    51.85    48.85
Put/Call Ratio      0.68
******************************************************************


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

Not Quite There
by Steven Price

Have we finally run out of gas?  It is starting to feel that way,
as we are approaching significant levels in all major indices.
That's not to say we won't travel further into the green, but we
may need to re-fill the tank in order to do so.  As we get to
major resistance levels, not only has a whole bunch of cash been
shifted from other assets into stocks, but shorts start to smell
blood in the water, and begin picking tops.

After a 1700 point gain in the Dow, we got a snapshot of how we'd
react to the August high when we got there, with a blow-off top
this morning. The Dow traded within 34 points of the August rally
top at 9077, before pulling back hard; following manufacturing
data that was released mid-morning. After topping at 9043.37, the
blue chips pulled all the way back and re-tested support at 8800.
The approach to the August high provided a low/risk high reward
short play that could be closed if that August high was broken.
And boy did the shorts play.

Following last week's surprisingly strong Chicago PMI number,
which indicated a shift from contraction to expansion, analysts
were expecting The Institute for Supply Management (ISM) report
to also show an increase. After two straight months under a
reading of 50, which indicates manufacturing contraction, the
number was expected to come in as 50.8.  The monthly diffusion
index increased, but only to 49.2, indicating the manufacturing
sector is still in contraction mode.  This was a big
disappointment after most of last week's economic numbers were
positive. While it led to a sell-off intraday, we still saw a
higher low on the pullback, with buyers coming back at 8800,
driving the average back up to a close of 8862.57, down only 33
points on the day.  It makes sense that we would see some
consolidation as we test that August high, with the 200-dma of
9177 also just above. We haven't seen the Dow above the 200-dma
since the end of May, and it will take some real buying to get us
over this next hump.  If we do, we could see blue skies above for
a while, however, we need to crack that level first.  One more
bullish sign we are seeing is a series of higher highs and higher
lows.

Daily Chart of the Dow


There are a number of other factors that could also weigh into a
pullback, before we get that run.  First, the bullish percentages
are all much extended from the recent rally. The bullish percent
measures the percentage of stocks in a given index that are
giving point and figure buy signals.  The Dow and NDX are in
overbought territory at 72% and 80% respectively (70% is
overbought), while the Nasdaq Composite is sitting on its bearish
resistance line at 48% and the S&P 500 is sitting on its bearish
resistance line at 66%.

We are also seeing the Dow run out of steam at the 38.2%
retracement level from the all-time high, to July's recent low,
for the second time at the same level. This would represent a
more macro view of the action, and coincides with the other
factors measured above.  Traders need to be aware of all of these
barriers currently facing us at the end of a long rally.  As we
head deeper into the holiday season, we will see less and less
trading activity, virtually coming to a halt between Christmas
and New Year's Eve.   Therefore, we will require more than just
aimless drifting to get over these levels.

Weekly Chart of the Dow


The morning started out positive following good news from United
Airlines, which submitted another tentative deal for a vote from
its mechanics and Wal-Mart (WMT), which said it had experienced
record one-day sales on November 29, the day after Thanksgiving.
The retail behemoth registered domestic sales o $1.43 billion,
compared to last year's day after Thanksgiving total of $1.25
billion.  WMT cited more customers and higher average ticket
price.  The Wall Street Journal said retail sales were better
than expected, with a 12.3% increase on Friday and 9% on
Saturday.  There has been quite a bit of concern over whether the
gains following recent positive news about unemployment and
personal spending would be derailed with a slow holiday shopping
season.  Any broad based economic recovery will be highly
dependent on consumer spending, which makes up 2/3 of GDP.  So
far, the pre-holiday shopping season had been disappointing, with
several retailers, Wal-Mart included, saying November sales had
come in below expectations.

This morning's retail data was certainly a bullish sign, but we
have to remember that comparing this year's sales to last is not
an exact measure.  With a late Thanksgiving, and six fewer
official shopping days between Thanksgiving and Christmas, the
shift in sales from November to December is a reasonable
expectation.  This weekend's big number was also somewhat
expected, as shoppers who may have put off shopping to avoid the
crowds, having one extra week last year, had a shorter time frame
this year, with one less weekend. One note, however, is that the
discounters saw much of the gain from last year, indicating
shoppers shifting their budgets to the less expensive side this
year.  That was apparent this weekend, as I traveled back to
Chicago.  I stayed near my old condo just off Michigan Avenue,
and this weekend's crowds were nothing like those of past years.
In fact, there were NO LINES at Crate and Barrel on Sunday
afternoon. In the past I can remember standing in line for 20
minutes just to get up to the register.  This year I simply
walked up and was helped immediately.  The Retail Index (RLX.X)
finished up mildly, after an initial surge in the morning.  There
have been some cautious comments from retail groups, warning us
not to get too excited just yet.  The Association of Shopping
Centers warned that this weekend represented only 10% of total
holiday sales and there was a long road before declaring the
season a success.   The Bank of Tokyo, which puts out chain store
sales numbers, made similar statements.  Certainly things could
be worse, and this morning's data is a positive, but I'm not
jumping on the retail bandwagon just yet.

We got some additional good news for the techs, after Intel
(INTC) and Advanced Micro Devices (AMD) were upgraded by Lehman
Brother's Dan Niles.  He cited the 180 million PCs that are now
over four years old, which will most likely need replacing, as
well as improving corporate profits that could drive business
investment.  He also mentioned the fact that Windows 95 will
enter the non-support phase for Microsoft at the end of the year
and Windows 98 and NT will enter the non-support phase in June of
next year. Those upgrades helped lift the Semiconductor Index to
a morning high of 393.80, which was an 84% gain since the middle
of October.  It also tested resistance at 400 from June and July,
as well as the 200-dma at 407 and the PnF bullish vertical count
of 412.  The group fell back to a close of 375 by the end of the
day, but still showed a slight gain.

This group helped the Nasdaq Composite break its 200-dma intraday
once again, and post a small gain, which it held onto at the
close.  The Nasdaq 100 closed just above its 200-dma for the 3rd
time in the last 5 days, and these indices have been creeping and
crawling around those 200-dmas for the last week now. Those gains
could be extended after software maker Citrix Systems guided
higher after the bell. It cited uncertainty in IT spending, which
is a mantra we are hearing from virtually every tech, but
nevertheless raised its earnings and revenue guidance, sending
the stock up $1.43 (11.5%) after hours.  With the Dow testing its
own this morning, look for a crossover and hold by all three
before breathing a sigh of relief to the long side.  While either
the techs or the Dow cracking those averages looks bullish, one
is bound to be an anchor for the others if they can't all
accomplish the task.

Chart of the Nasdaq Composite


Now that we are bumping our heads against that 200-dma in all
three averages, traders can look for a decisive move above those
levels as a signal to sharpen the horns.  However, the most
prudent action would be to buy a pullback to support at those
levels.  If we fail to hold the 200-dmas and head lower, then we
don't want to get caught in a bull trap.  The trick then will be
to find a higher low on the pullback.  If we get a lower low,
trading down to Dow 8600 or Nasdaq 1350, then we will have broken
the rising trend, and we can reassess overall market direction.
It is rare that so many significant levels converge, so let's pay
close attention and take advantage of the signals.


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

Adobe Systems - ADBE - close: 28.71 change: -0.81

WHAT TO WATCH: This morning's gap higher on the NASDAQ helped the
GSO.X software index launch from its 200-dma at 116.  However,
the rally above 120 was short-lived.  The index pulled back with
the market and finished with a small loss.  A breakdown below the
200-dma tomorrow might portend a larger pullback to the 100-110
area.  Should the sector head lower, ADBE looks like a good short
candidate.  Today's intraday reversal and subsequent close under
the 200-dma ($29.36) aren't positive signs for shareholders.  The
bearish engulfing candlestick and rolling oscillators suggest
that ADBE could pull back to the November lows near $25.00,
although it wouldn't be surprising to see the stock find some
buyers near $27.00.  Bearish traders will probably want to wait
for shares to fall below short-term support at $28.50 before
opening any short positions.  It also wouldn't hurt to wait for
the GSO.X to fall under its 200-dma.




---

Amazon.com - AMZN - close: 24.11 change: +0.76

WHAT TO WATCH: Amazon broke to new 52-week highs on Monday after
a report showed that online shopping had risen sharply in early-
November - a 20% increase over last year's levels.  EBAY and YHOO
are also trading strong, but AMZN looks like the best long play
within the sector because it has no immediate levels of overhead
resistance.  Aggressive traders could think about going long on a
move above $25.00, with an initial profit-target near $30.00.
The more prudent entry strategy would entail waiting for a
pullback to short-term support at $23.50.  The falling daily
stochastics (5,3,3) are an indication that AMZN may be due for
some additional consolidation before it attacks new highs.




---

Anheuser Busch - BUD - close: 48.29 change: -0.83

WHAT TO WATCH: BUD is teetering precariously above support at
$48.00.  Shares managed a bounce from this level on Monday, but
not before violating the bullish support trend on the p-n-f
chart.  A breakdown below the relative low of $47.95 would open
the door for a retest of the July lows near $44.00.  Bears
looking for a p-n-f sell signal will have to wait for the stock
to reach $47.00.  On a related note, shares of competitor RKY are
looking weak after closing under the 50-dma.  But unlike BUD,
Coors still has support at its 200-dma.




---

Borg Warner - BWA - close: 52.69 change: +1.17

WHAT TO WATCH: Resistance is futile!  This automotive stock has
recently kicked into high gear, first plowing through the 50-dma
and then breaking above $50.00 last Wednesday.  Shares look a
little extended on a short-term basis, so we'd be watching for a
pullback to $50.00 to offer a bullish entry point.  The next
hurdles for BWA will be bearish p-n-f resistance at $55.00 and
the 200-dma at $56.60.




---

Clear Channel - CCU - close: 43.48 change: +0.02

WHAT TO WATCH: Shares of CCU are threatening to crack resistance
at $45.00.  The stock is also sitting on its ascending trend of
higher highs.  A breakout above this trend might lead to a
continuation of the recent rally, which has seen CCU gain more
than 20% in roughly 2 weeks.  Long entries can be considered on a
rebound from the $43.00 area or a move above $45.00.  The p-n-f
chart is currently showing a double-top buy signal, with a
bullish vertical count of $64.  The next level of psychological
resistance at $50.00 would be a more reasonable profit target for
short-term traders.




---

Marsh Mclennan - MMC - close: 48.04 change: +0.84

WHAT TO WATCH: At first glance MMC looks like a possible bullish
trade.  Shares showed good relative strength today after bouncing
from the 50-dma last week.  The rising oscillators are hinting at
a breakout above the 200-dma at $48.57.  But the technical
picture won't look as strong if shares begin to roll over from
that moving average.  A pullback from current levels would form a
textbook head-and-shoulders formation on the daily chart.  It's a
little early to be entering any short positions, but we'll be
keeping an eye on MMC for a breakdown below the 50-dma at $45.28.




---

Microsemi Corp - MSCC - close: 7.45 change: +1.10

WHAT TO WATCH: MSCC exploded for a 17% gain on Monday.  We
scoured the news sites for something to explain the high-volume
rally, but came up empty-handed.  Whatever the reason for the
move higher, it looks like the stock could soon break above
resistance at $8.00.  A trade at this level would create a
double-top buy signal on the point-and-figure chart.  Turning our
attention to the daily chart, we don't see any significant levels
of resistance until $9.65.  This is the bottom of the large June
24th gap.  More formidable resistance lies at the $10.00 level,
slightly below the 200-dma.




---

Navistar - NAV - close: 29.55 change: -1.31

WHAT TO WATCH: We profiled NAV as a possible short play on
Friday's Watchlist.  The stock had seen some strong gains in
recent weeks (more than doubling from the October lows) but
looked like it would face some strong resistance at the 200-dma
($31.22).  The rollover commenced on Monday, when NAV popped its
head above the moving average and promptly sold off.  Shares
underperformed the market with a 4.2% loss and formed a bearish
engulfing candlestick on the daily chart.  Factor in the
overbought oscillators, and the odds of a continued pullback look
pretty good.  We'd be watching for entries on a move below $29.00
or a failed rally near $30.00.




---

Omnicom Corp - OMC - close: 69.16 change: +1.11

WHAT TO WATCH: Nice breakout for shares of this advertising
company.  OMC has been trending higher for several months and
Monday's session saw the bulls successfully dispatch short-term
resistance at $68.00.  The stock also sliced through its 200-dma
($79.09) before being dragged down by the broader market.  A
breakout above this moving average could send OMC towards the
$75.00 level.  The daily chart doesn't show any substantial
resistance until $84-$85.  The rising daily stochastics (5,3,3)
indicate that the current uptrend will continue.  Bullish
positions can be targeted on a pullback to $68.00 or on a move
above $70.50.





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

Procter & Gamble - PG - close: 82.80 change: -1.73 stop: 86.06

Company Description:
P&G markets nearly 300 brands - including Pampers, Tide, Ariel,
Always, Whisper, Pantene, Bounty, Pringles, Folgers, Charmin,
Downy, Lenor, Iams, Crest, Actonel, Olay and Clairol Nice 'n Easy
-- in more than 160 countries around the world. (source: company
press release)


- ORIGINAL WRITE UP: November 26th, 2002 -

Why We Like It:
We've had our eye on PG for several weeks. This Dow component
consistently showed up as a bearish candidate while the major
market indices launched off of their multi-year lows. The stock
always seemed to be on the verge of a breakdown and traded with
little regard to the overall market uptrend. Perhaps a simple
comparison of recent performance between PG and the Dow Jones
best illustrates this relative weakness: The Industrials bottomed
out on October 10th and have since gained 20.5%. Meanwhile, PG
has actually lost 5.1% over the same time period! Examining the
nature of the October/November broader market rally helps to
explain why shares are underperforming. The largest gains have
been concentrated in beaten-down tech and telecom stocks, as well
as the beleaguered financial sector. PG, however, was actually
trading within 5-6 dollars of 52-week highs when the market
bottomed out. That's why the stock didn't see the same sort of
steep short-covering rebound that buoyed so many other stocks.
But shares have been drifting lower ever since the 200-dma was
violated in late-October, and now the downtrend is beginning to
accelerate.

Today's 1.4% decline did a lot of technical damage. Not only did
PG close under short-term support at $85.00, but shares also fell
below bullish support on the p-n-f chart. A trade at $84.00 will
create a double-bottom sell signal. The MACD and daily stochastic
oscillators are both trending lower, suggesting that today's
breakdown could be the beginning of a steeper decline. Turning
our attention to the daily chart, we see no clear levels of
support until the July lows near $74.00. Our expectation is that
PG will begin to retrace the late-July rebound and make its way
towards the $80.00 level. If we get some cooperation from the Dow
(which is struggling with resistance at 8875), a decline to the
$77-$78 area would not be out of the question. We're starting
this play with an entry trigger at $84.24. Our stop (if the play
is activated) will be set at $86.06, just above resistance on the
15-minute chart. PG has had trouble with whole-number levels over
the past week, and that was the case again today when shares
rolled over from the $85.00 level. Traders who are willing to
take a little more heat could use a stop just above $87.00.

- Most recent update: November 29th, 2002 -

This short play was triggered on Wednesday morning when PG gapped
below our entry trigger. Shares set a relative low of $83.60 and
looked vulnerable to more selling pressure. But as could be
expected, no large sell-offs materialized during today's
shortened session. PG traded an Inside Day and drifted slightly
lower with the Dow on the lightest volume of the year. Things
should begin to pick up again on Monday and with earnings warning
season beginning next week, any high-profile downward guidance
announcements could help to send the major indices lower. The Dow
faces overhead resistance at 9000 and the 200-dma at 9183. Factor
in the lack of a follow-through rally today, and we think the Dow
could retrace a large chunk of Wednesday's gains and move towards
8800. We'd expect PG to lead the index lower if this turns out to
be the case. New entries can be targeted on a move under
Wednesday's low of $83.60.

- Play-of-the-Day Comments: December 2nd, 2002 -

The first signs of trouble for PG appeared this morning when the
stock immediately began to fall, seemingly oblivious of the early
gains in the Dow Jones.  Shares dropped to a multi-month low of
$82.25 before trading in a narrow range between $82.50 and
$83.00.  PG was the fourth-worst performing Dow component today,
with a 2.0% loss.  We'd expect these loses to mount if the
Industrials continue to retrace Wednesday's large gains.  What
really gets our bearish juices flowing is the fact that PG
doesn't have any clear levels of support until the July lows near
$74.00.  The bulls might put up a fight at $80.00, but the recent
move below bullish p-n-f support and strong volume behind today's
breakdown are hinting at a more painful decline.  New short
positions can be targeted on a rollover from $84.00 or a move
under today's low.

Picked on November 27th at $84.00
Results since picked:       +1.20
Earnings Date            10/29/02 (confirmed)







=================================================================
To stop receiving this PremierInvestor.net Newsletter,
send email to Contact Support
=================================================================
DISCLAIMER
=================================================================

This newsletter is a publication dedicated to the education
of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding trading in stocks. It
is possible at this or some subsequent date, the editors and
staff of PremierInvestor.net may own, buy or sell securities
presented. All investors should consult a qualified professional
before trading in any security. The information provided has
been obtained from sources deemed reliable but is not
guaranteed as to accuracy or completeness. PremierInvestor.net
staff makes every effort to provide timely information to its
subscribers but cannot guarantee specific delivery times due to
factors beyond our control.

Please read our disclaimer at:
http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html

*****************************************************************
ADVERTISING INFORMATION

For more information on advertising in PremierInvestor.net
Newsletter, or any Premier Investor Network newsletter please
contact Contact Support.

*****************************************************************


Copyright ) 2002  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter                  Monday 12-02-2002
                                                   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:

High Risk/Reward
  Triggered Plays:       GLW (bullish)
  Closed Bearish Plays:  CW

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)


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

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

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

Corning Inc - GLW - close: 4.99 change: +0.56 stop: 3.94

GLW gapped above our entry trigger this morning after Morgan
Stanley upgraded the entire wireless telecom sector.  This
bullish play was activated at the opening trade of $4.72.  Shares
finished strong and closed just under psychological resistance at
$5.00.  A move above this level would provide an opportunity to
open new long positions.  Another pullback to the $4.60 area
would also yield a possible entry point.  Now that we're
triggered our stop is set at $3.94.  Those who are looking for a
little less downside risk could use a stop just under Friday's
low of $4.15.





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

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

Curtiss Wright - CW - cls: 63.50 chg: +2.00 stop: 64.01

The bears seemed to be in control on Friday when CW plummeted to
new relative lows.  Unfortunately there was no follow-though
during today's session.  With shares approaching our profit-
target slightly above $60.00, we also inched our stop-loss down
to $64.01.  This level was violated on Monday afternoon as shares
traded higher despite the weakening broader market.  Our short
play was closed for a gain of 93 cents.  This rebound is
promising for shareholders, especially in light of the reversing
daily stochastics (5,3,3).  Of course, it's worth noting that a
similar reversal from oversold levels in late-November didn't
amount to much of a rally. The stock faces overhead resistance at
the rising 200-dma ($65.56) and hasn't yet broken out of its
multi-week downtrend.  CW might very well resume its downward
journey (especially if the overall market begins to sell off),
but it'll take a strong effort by the bears to push the stock
below the converging 50-day and 100-day moving averages near
$60.75.

Picked on November 19th at $64.94
Results since picked:       +0.93
Earnings Date            10/29/02 (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

CHIC    Charlotte Russe Hldg.      14.48     +1.20
PP      Prentiss Properties        28.07     +0.58

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

ISIL    Intersil Holding Corp     19.25     +1.97
MSCC    Microsemi Corp             7.45     +1.10
UCO     Universal Compression     19.02     +1.02
ANDW    Andrew Corp               12.45     +1.20
RRGB    Red Robin                 14.10     +1.08
NXTP    Nextel Partners           8.05     +1.45

---------------------------------------
Breakout to Upside (Stocks over $20)
---------------------------------------
Ticker  Company Name               Close     Change
GENZ    Genzyme Corp               35.24     +2.44
MGAM    Multimedia Games           27.17     +2.09
BWA     Borg Warner                52.69     +1.17
KSWS    K-Swiss Inc                26.49     +1.23
MHK     Mohawk Industries          62.83     +1.22
SGY     Stone Energy               31.35     +1.20
CPO     Corn Products Intl         30.70     +1.03
MWRK    Mothers Work               40.26     +1.76
WEBX    Webex Communications       20.68     +1.22
LF      Leapfrog Enterprises       34.46     +1.36

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

JNJ     Johnson & Johnson          55.70     -1.32
FLA     FL East Coast Ind.         21.89     -1.26
PECS    PEC Solutions              33.35     -3.74
INVN    Invision Technologies      26.30     -2.63
PFGC    Performance Food Group     33.67     -1.53

-----------------------------------------
Recently Overbought With Bearish Signals (Stocks over $20)
-------------------------------------------
Ticker  Company Name               Close     Change
CSC     Computer Sciences Corp     33.66     -1.23
SOTR    Southtrust Corp            25.78     -0.36
RCL     Royal Caribbean Cruises    21.38     -0.30
NCR     NCR Corp                   26.97     -0.63
CIN     Cinergy Corp               31.80     -0.60
AXP     American Express           38.62     -0.31




=================================================================
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.

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DISCLAIMER

Option Investor Inc is neither a registered Investment Advisor nor a Broker/Dealer. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All opinions, analyses and information included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we do not necessarily update such opinions, analysis or information. Owners, employees and writers may have long or short positions in the securities that are discussed.

Readers are urged to consult with their own independent financial advisors with respect to any investment. All information contained in this report and website should be independently verified.

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