Option Investor
Newsletter

Daily Newsletter, Wednesday, 12/11/2002

HAVING TROUBLE PRINTING?
Printer friendly version
PremierInvestor.net Newsletter              Wednesday 12-11-2002
                                                  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:      Caught In-Between
Watch List:       BAX, EK, GAS, KIND, MYG, and more...
Play of the Day:  Playing A Bounce


******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
12-11-2002                  High    Low     Volume Advance/Decl
DJIA     8589.14 +  14.88  8625.89 8487.53   1815 mln  1175/621
NASDAQ   1396.59 +   5.83  1407.15 1377.71   1587 mln  1279/289
S&P 100   460.69 +   0.20   463.87  456.44    totals   2454/910
S&P 500   904.96 +   0.51   909.94  896.48
RUS 2000  393.88 +   0.41   395.36  391.41
DJ TRANS 2348.06 -   5.32  2352.65 2327.57
VIX        31.40 -   0.27    32.46   30.81
VIXN       51.62 -   0.13    52.89   51.24
Put/Call Ratio 0.76
******************************************************************


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

Caught In-Between
by Steven Price

We continue to see consolidation after the recent sell-off, but
are starting to see signs of a support for a rebound. How far
that rebound takes us is unclear, as we're getting a lot of
intraday drift, but we seem to be setting at least a short-term
bottom. The markets took a dive this morning, following the
seizure yesterday of a North Korean ship carrying fifteen Scud
missiles, 15 conventional warheads and 23 containers of nitric
acid, that was believed headed to the Middle East.  However,
Yemen stepped up and said the missiles were intended for their
armed forces. Yemen previously denied the shipment belonged to
them during the ship's tracking, which began when it left North
Korea several weeks ago. The U.S., reasonably convinced the
missiles would not eventually wind up in Iraqi hands, released
the shipment and the fear in the markets seemed to drain out with
a 130-point Dow rally.

The significance of the morning drop was the point at which it
stopped.  The low of the day in the Dow was 8487, which is
approximately the same point it bottomed the last three days.
After last week's drop, there was bound to be some consolidation
before a rebound and it appears that this could be that
consolidation point.  If that level fails, then there is
significant support just below, in the 8300-8400 range.  That
daily support coincides with the bullish support line on the
point and figure chart. The recent pattern of lower intraday
highs and lower lows was reversed the last two days. However,
this morning's drop back through 8500 threw a kink in what
appeared to be a series of higher intraday highs and higher lows.
We got a higher high and a higher low than we did for the day
yesterday, but not a convincing one, as intraday support at 8500
failed. The intraday trend of the last couple days remains up,
although not overwhelmingly so. As we head into the end of the
year, volumes should continue to drop off, making large momentum
moves less likely. Today's volume was only 1.2 billion shares on
the NYSE and 1.4 billion on the Nasdaq.   The best broad market
plays may come on a bounce from the Dow 8300-8400 range, or a
failed rally around 8800.

Intraday Chart of the Dow


Daily Chart of the Dow



The fly in the ointment for a continued rally was the activity in
the bond market today.  While we normally we a drop in bonds when
cash moves into the stock market, we saw no such action today.
In fact, we are seeing a consistent trend of buying over the last
several sessions in the five, ten and thirty year notes, which is
more consistent than the schizophrenic action we see in stocks.
Combine that with the low equity volumes and the bond market is
sending bearish signals.  All three of these treasuries are up
against descending trend lines and bullish traders should keep an
eye on those trend lines for a breakout.  If bonds do break out
to the upside, then long positions could be in danger.

Chart of the Five and Ten Year Bond Futures


Last week's drop has also weakened the bullish percentages, with
those of the Dow, OEX and NDX all reversing into a column of "O"
that has yet to reverse back up on the minor rally of the last
couple of days.  This indicates the high percentage of stocks
that were giving point and figure buy signals has been reduced
significantly and remained at lower levels. After these
percentages reached overbought territory, above 70%, on the rally
up to Dow 9043, SPX 954 and NDX 1155, the risk to long positions
increased significantly.  Bullish percentages can remain in
overbought territory for long periods of time, during rallies,
but once they get over 70% they throw up a red flag.  That
certainly turned out to be the case this time, and they haven't
given any signal that the rollover into bearish columns has
reversed.

The Nasdaq actually broke above the 1400 level on the mid-day
rally, but also failed the mark, eventually falling to a close of
1396.59.  The rally came in spite comments from Intel Chairman
Andy Grove that it may be too early to forecast a rebound in the
semiconductor sector.  On the positive side, a report on the spot
price of the 256-megabit chip showed the first price increase
since last month.  It was attributed to a rush of short-term
demand from the U.S. and European markets, coupled with low
inventory.  That would seem to confirm the added demand that was
noted by Taiwan Semiconductor last month and as recently as last
week.  This morning also saw raised guidance from Cymer, which
makes laser products for the semiconductor industry.  The company
also said it expects its book-to-bill ratio for the quarter to
come in at or above 1.0, indicating at least as many new orders
as those currently being billed.  Some of that increase can be
attributed to seasonal demand for PCs, but it is still a positive
sign for the industry. There is usually a downturn after the
holidays and the depth of that drop-off should set the tone for
the first half of 2003.

The Semiconductor Index (SOX) actually tested resistance at 329-
330 today and failed that level, finishing up only +0.86 on the
day.  The SOX has given up 18% since topping out at 393 on the
Monday after Thanksgiving, and appears to have also settled in
above previous support in the 300-310 area.  It will most likely
take a decisive move back above 330, or below 300, to get any
momentum in one direction or another.

Chart of the Semiconductor Index (SOX)


We saw the first major IPO in a while, when disk drive maker
Seagate (STX) sent shares to market. This was the largest tech
IPO of 2002 and it was a disappointing debut, highlighting the
reluctance of investors to roll the dice on new issues. The stock
was originally slated between $13 and $15, but instead wound up
priced at $12. By the end of the day, that price failed to hold
up and the stock closed at $11.52.  I think back on the days a
few years ago when stocks often doubled in value on their IPO
date and realize just how much has changed.   There has been a
lack of IPO and M&A activity over the last 18 months and this is
a good example of why.

It is hard to take anything significant from such a low volume
day and low volume time of the year.  We are entering a
traditionally bullish trading period, but doing so after a failed
rally that was turned back with significant speed. Bond activity
looks bearish for equities and war fears are hanging over the
market. The last couple of days look bullish and we appear to
have built a base around Dow 8500.  So what can a trader take
from the current circumstances?   We are getting bearish signals
in a very short-term uptrend. Bulls can enter positions for a
bounce, but need to be very nimble and quick to close positions
if things turn around.  Shorts have the ammo, but not the current
trend.  If we do get a failed rally around Dow 8800, then the
odds favor short plays if treasuries continue upward. We are mid-
support/resistance right now, so there simply are not a lot of
high percentage plays in the broader markets.  This is the type
of market in which I favor playing small and taking quick profits
when they are present.


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

Baxter Intl - BAX - close: 28.78 change: -1.93

WHAT TO WATCH: BAX was hit for a 6.2% loss today following last
night's announcement that the company would offer 13 million
shares of newly-issued common stock.  Shares gapped down and
drifted lower throughout the session, closing near the worst
levels of the day.  The strong volume behind this decline, along
with the descending oscillators and p-n-f reversal, is hinting at
a breakdown through the 50-dma at $28.60.  A move below this
moving average would clear the way for a possible decline to the
relative lows near $24.00.  A rollover from $30.00 might also
present a shorting opportunity.




---

Eastman Kodak - EK - close: 38.22 change: +1.25

WHAT TO WATCH: It looks like a picture-perfect breakout for EK.
The stock tacked on 3.3% today and moved above resistance at
$37.50, which roughly coincides with the 50% retracement from
2001 highs to 2002 lows.  Shares have been trading strong for the
past two months and the recent gains have been accompanied by
rising volume.  If the current uptrend remains intact it looks
like EK could soon reach the $40.00 area.  This Dow component is
a relatively slow mover, but long-term bulls might be able to
capture a move to $45.00.  The current p-n-f bullish vertical
count is $63.  In terms of action points, we'd be looking for a
move above today's high ($38.32) or a pullback to $37.00.




---

Nicor Inc - GAS - close: 32.80 change: +1.01

WHAT TO WATCH: A strong uptrend in natural gas futures (ng03f)
has helped GAS to fill its massive July 19th gap.  This gap was
created after Nicor said accounting irregularities might lead to
a restatement of prior results.  Although the stock has already
recovered a good chunk of these losses, there's plenty of upside
remaining until shares reach the next level of visible resistance
at the 200-dma ($37.13).  Today's 3.1% gain, which came on the
heels of an upgrade from CIBC World Markets, put GAS within
striking distance of the relative high at $33.29.  We'd expect
shares to move above this level if natural gas continues to get
more expensive.




---

Harrah's Entertainment - HET - close: 38.65 change: -0.71

WHAT TO WATCH: HET has been drifting lower for more than two
months.  Shares of the gaming and casino company are now in
danger of breaking through support at $38.00.  The descending
oscillators don't give the bulls much hope that this level will
hold.  The p-n-f chart is looking just as weak - HET gave a
triple-top sell signal at $45.00, consolidated in a narrowing
range, and then produced a bearish triangle breakdown.  The stock
has no clear support until $35.00, near the 2002 lows.  This
would be a reasonable downside target for short-term traders.
Wait for shares to move below $38.00 before considering any short
positions.




---

Kindred Healthcare - KIND - close: 19.20 change: +1.21

WHAT TO WATCH: KIND lost nearly half of its value on October 11th
after the company announced an earnings warning.  Now that shares
have started to move into the large gap that was created by that
sell-off, shares may be able to rally back to the $29.00 area.
The ascending triple-top p-n-f buy signal and reversing daily
stochastics are hinting at a breakout above psychological
resistance at $20.00.  Long entries can be targeted on a move
above this level.  Alternatively, a pullback to $18.00 might also
provide an entry point.




---

Lennar Corp - LEN - close: 49.90 change: +0.75

WHAT TO WATCH: Strong fourth-quarter results from Toll Brothers
(TOL) didn't translate to any noteworthy gains for the
homebuilding sector today.  The DJUSHB home construction index
finished with a small gain but was unable to close above
resistance at 295.  The index has been trending lower for several
months, reflecting widespread concerns that the housing market
has topped out.  The fact that investors aren't using strong
earnings as an excuse to buy (TOL actually finished in the red
today) suggests that these worries are growing.  Sector bears may
want to consider shorting LEN on a move below $48.00.  A move
below this support level might send shares towards the August
lows near $44.00.  The p-n-f chart is already looking quite weak,
with LEN recently producing a quadruple-bottom sell signal.




---

Maytag Corp - MYG - close: 27.10 change: +0.56

WHAT TO WATCH: The recent pullback in MYG may have offered an
entry point.  Shares are beginning to rebound above the 50-dma
($25.48), maintaining the two-month trend of higher lows.
Competitor WHR, which often trades in tandem with MYG, is also
bouncing from support.  We'd be looking to go long Maytag at
current levels, with a stop under the relative low of $25.80.
Short-term traders could target a move back to the $30.00 area.
Technical bulls can be encouraged by the daily stochastics
(5,3,3), which are reversing from oversold levels.




---

Novellus Systems - NVLS - close: 30.69 change: -0.15

WHAT TO WATCH: Chip stocks opened with a bearish slant this
morning after INTC chairman Andy Grove said that despite industry
outlooks indicating that an upturn could be forthcoming, it may
be too early to forecast a rebound in business.  Sector bulls can
be somewhat pleased by the lack of a sell-off on these comments.
The SOX.X has been firming up above 300 after its rapid descent
from 395.  Chip stocks face plenty of fundamental challenges, but
technically it looks like the group as a whole could see some
short-term gains.  We like NVLS as a possible long play based on
the way that it's held above support at the 50-dma ($29.71) after
retracing 50% of the October-December rally.  Shares actually
showed relative weakness versus the SOX.X today, so we'd hold off
on any bullish positions until shares move above resistance at
$32.00.  Short-term traders could target a move to the 200-dma at
$35.77 or a retest of the multi-month highs near $38.00.





=========================
Play-of-the-Day (new BULLISH tech play)
=========================

NVIDIA Corp. - NVDA - close: 14.01 change: -0.08 stop: *text*

Company Description:
NVIDIA Corporation, located in Santa Clara, CA, is the global
leader in advanced graphics and multimedia processing technology
for the consumer and professional computing markets. Its 2D, 3D,
video and multimedia capabilities make NVIDIA one of the premier
semiconductor companies in the world. NVIDIA offers a wide range
of products and services, delivering superior performance and
crisp visual quality for PC-based applications such as
manufacturing, science, e-business, entertainment and education.
(source: company press release)

Why We Like It:
"Mixed signals" is probably the best way to describe the recent
news in the semiconductor industry.  On one hand, the latest
developments at Taiwan Semiconductor (TSM), the world's largest
chip foundry, look pretty bullish.  The company said in late-
November that it was seeing increased demand for its most
advanced (and most expensive) chip-making process.  The company
reported a 32% increase in net sales (on a year-over-year) basis
a few weeks later, providing tangible evidence of a pickup in
business.  On the other hand, you've got Intel Chairman Andy
Grove commenting this morning that even though recent industry
outlooks are indicating an upturn in business, it may be too
early to forecast a rebound: "The beginning of the end?  I
wouldn't be so optimistic."  With the fundamental picture looking
hazier than ever, you can't blame investors for being indecisive.
Chip bulls will point to the lack of a sell-off on Grove's
comments as a positive sign.  The SOX.X eeked out a small gain
today and maintained its short-term trend of higher lows.  The
index seems to be firming up above support at 300, following the
painful rollover from resistance near 400.

The chart for NVDA looks very similar.  Shares found support at
its multi-week uptrend after losing more than 25% in only six
days.  As could be expected after a large sell-off, the daily
stochastics are bullishly reversing from oversold levels.  We
think shares should be able to bounce back towards the $18.00
area if the SOX.X continues to rise from support.  And what about
NVIDIA's fundamental outlook?  Early reports from the front line
of the videogame wars indicate that holiday sales are brisk.
That's good news for the company that makes the powerful graphics
chips that power Microsoft's X-box.  Those positive comments from
Taiwan Semi should also be encouraging for shareholders - NVDA's
chips (which require an advanced manufacturing process) are
milled by TSM.  Overall it looks like the bears harbor the
majority of the risk at current levels.  Possible resistance
looms at $15.00, which is the bottom of the December 4th gap.
Our profit-target for this play will be located at $17.94.  This
play, however, will not be activated until NVDA moves above
short-term resistance at $14.40.  If we're triggered we'll use a
stop at $12.87, two cents under the relative low.

Annotated chart - NVDA:



Picked on December xxth at $xx.xx <- see text
Results since picked:       +0.00
Earnings Date            11/07/02 (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 12-11-2002
                                                   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:

Net Bulls
  New Bullish Plays:      NVDA
  Triggered Plays:        MERQ (bullish)

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)


==================================================================
Net Bulls (NB) Tech Stock section
==================================================================

============
NB New Plays
============

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

NVIDIA Corp. - NVDA - close: 14.01 change: -0.08 stop: *text*

Company Description:
NVIDIA Corporation, located in Santa Clara, CA, is the global
leader in advanced graphics and multimedia processing technology
for the consumer and professional computing markets. Its 2D, 3D,
video and multimedia capabilities make NVIDIA one of the premier
semiconductor companies in the world. NVIDIA offers a wide range
of products and services, delivering superior performance and
crisp visual quality for PC-based applications such as
manufacturing, science, e-business, entertainment and education.
(source: company press release)

Why We Like It:
"Mixed signals" is probably the best way to describe the recent
news in the semiconductor industry.  On one hand, the latest
developments at Taiwan Semiconductor (TSM), the world's largest
chip foundry, look pretty bullish.  The company said in late-
November that it was seeing increased demand for its most
advanced (and most expensive) chip-making process.  The company
reported a 32% increase in net sales (on a year-over-year) basis
a few weeks later, providing tangible evidence of a pickup in
business.  On the other hand, you've got Intel Chairman Andy
Grove commenting this morning that even though recent industry
outlooks are indicating an upturn in business, it may be too
early to forecast a rebound: "The beginning of the end?  I
wouldn't be so optimistic."  With the fundamental picture looking
hazier than ever, you can't blame investors for being indecisive.
Chip bulls will point to the lack of a sell-off on Grove's
comments as a positive sign.  The SOX.X eeked out a small gain
today and maintained its short-term trend of higher lows.  The
index seems to be firming up above support at 300, following the
painful rollover from resistance near 400.

The chart for NVDA looks very similar.  Shares found support at
its multi-week uptrend after losing more than 25% in only six
days.  As could be expected after a large sell-off, the daily
stochastics are bullishly reversing from oversold levels.  We
think shares should be able to bounce back towards the $18.00
area if the SOX.X continues to rise from support.  And what about
NVIDIA's fundamental outlook?  Early reports from the front line
of the videogame wars indicate that holiday sales are brisk.
That's good news for the company that makes the powerful graphics
chips that power Microsoft's X-box.  Those positive comments from
Taiwan Semi should also be encouraging for shareholders - NVDA's
chips (which require an advanced manufacturing process) are
milled by TSM.  Overall it looks like the bears harbor the
majority of the risk at current levels.  Possible resistance
looms at $15.00, which is the bottom of the December 4th gap.
Our profit-target for this play will be located at $17.94.  This
play, however, will not be activated until NVDA moves above
short-term resistance at $14.40.  If we're triggered we'll use a
stop at $12.87, two cents under the relative low.

Annotated chart - NVDA:



Picked on December xxth at $xx.xx <- see text
Results since picked:       +0.00
Earnings Date            11/07/02 (confirmed)





===============
NB Play Updates
===============

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

Mercury Interactive - MERQ - cls: 31.17 chg: +1.37 stop: 28.48

MERQ moved higher with the NASDAQ on Wednesday morning and plowed
through short-term resistance at $30.00.  Our play was activated
at $30.27.  The stock quickly moved up to the $31.00 area, where
it stayed for the rest of the day.  Shares showed excellent
relative strength throughout the session and finished with a gain
of 4.5%.   With the bar chart not showing any significant
overhead resistance, we think MERQ is well-positioned to rally to
the $34-$35 area.  New entries can be targeted on a move above
today's high ($31.39) or on a pullback to $30.50.  Our stop is
located at $28.48.





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

CFC     Countrywide Financial      50.52     +0.57
LFG     LandAmerica Fncl.          37.26     +0.56
SRI     Stoneridge Inc             10.75     +0.85
MYG     Maytag Corp                27.10     +0.56
EDS     Electronic Data Systems    18.80     +1.77
PMI     PMI Group                  31.25     +0.73
MTD     Mettler Toledo             33.40     +0.75

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

IDXC    IDX Systems                18.39     +2.04
OVTI    Omnivision Tech.           18.88     +1.31

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

URBN    Urban Outfitters           28.65     +1.65
LTR     Loews Corp                 42.22     +1.47
WSM     Williams Sonoma            28.26     +1.01
KOSP    KOS Pharmaceuticals        20.99     +1.01
OCR     Omnicare Inc               24.22     +1.70
-------------------------------------------
Breakout to Downside (Stocks over $20)
-------------------------------------------
Ticker  Company Name               Close     Change

ABC     Amerisourcebergen          57.15     -2.76
CCMP    Cabot Microelectronics     51.37     -2.79
ERTS    Electronic Arts            60.68     -2.31
NAV     Navistar Intl.             24.99     -1.71
BAX     Baxter Intl.               28.78     -2.52
FIF     Financial Federal Corp     25.25     -1.25

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

CLBK    Commercial Bankshares      30.52     -0.78




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

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.

To ensure you continue to receive email from Option Investor please add "support@optioninvestor.com"

Option Investor Inc
PO Box 630350
Littleton, CO 80163

E-Mail Format Newsletter Archives