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Daily Newsletter, Wednesday, 02/12/2003

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PremierInvestor.net Newsletter              Wednesday 02-12-2003
                                                  section 1 of 2
Copyright ) 2003, 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:      Point of No Return?
Watch List:       ABT, C, JNJ, NTES, UTH, and more...
Play of the Day:  A Mirror Image

******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
02-12-2003                   High    Low     Volume Advance/Decl
DJIA     7758.17 -  84.94  7854.62  7753.71   1474 mln  277/1170
NASDAQ   1278.97 -  16.49  1301.11  1278.74   1191 mln  189/956
S&P 100   413.61 -  4.97    419.95  413.45    totals    466/2126
S&P 500   818.68 -  10.52   832.12  818.49
RUS 2000  355.38 -  4.58    360.50  355.38
DJ TRANS 2100.67 -  27.61   2136.02 2100.67
VIX        39.10 +  1.75    39.42   38.11
VIXN       47.49 +  0.59    48.84   47.48
Put/Call Ratio 0.90
******************************************************************


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

Point of No Return?
by Steven Price

We continue to ratchet down in the broader markets, as buyers
continue their strike in the face of war fears. Alan Greenspan
continued his testimony before Congress, sparring mostly over the
how the President's tax-cut plan will affect the economy. By mid-
morning, we had taken out relative lows and each day continues to
bring signs of a further weakening stock market. It was not a
massive sell-off and volume remained on the light side, but we
continue to push the envelope to the downside and today brought
further evidence that the bounces we are seeing on a technical
basis continue to be short entry opportunities.

The last couple of days have been a prime example of the short-
entry theory.  The news out of Iraq on Monday, that the country
would allow U2 fly-overs (old news now) gave us a big rally as we
tested new lows.  That rally continued on Tuesday ahead of Alan
Greenspan's testimony. As the Fed Chairman spoke, the rally
eventually faded, possibly due to the comments that the
President's dividend tax-cut plan, while fundamentally sound,
would be a better idea if it did not result in deficit spending
to finance it.   The rally may have also faded as short-covering
that began on the Iraq announcement on Monday afternoon, finished
off when Greenspan didn't say anything earth-shatteringly
positive, or imply further immediate rate cuts. After all, if he
doesn't necessarily think we need a stimulus package before we
know just how much the geo-political concerns are affecting us,
it seems unlikely that he would be in a rush to lower rates below
already historically low levels.  His take on the deficit that
would result from the dividend tax cut did not sound supportive,
even though we continued to hear that the cut was a good idea on
a policy basis. Greenspan said he did support the President's
plan, but his comments about deficit spending in general did not
echo that sentiment. He talked about it being possible to
maintain flat debt to GDP ratios while running small deficits of
of 1-2%, but the president's plan exceeds that, likely crossing
over the 3% mark.  Greenspan said, "But if we get into a
position... where we are finding that the debt-to-GDP ratio
begins to accelerate, we have to be very careful because there is
no (self-correction) mechanism when that is occurring, because a
rise in the debt increases the amount of interest payments, which
in turn increases the debt still further, and there is an
accelerating pattern after you reach a certain point of no
return."  His description of a point of no return certainly does
not sound like he thinks the president's stimulus plan requiring
larger deficits than he is comfortable with is such a hot idea,
in spite of his statement of support.  President Bush spent some
time on air defending his plan, but there is no doubt the damage
was done and the democrats will have plenty of ammo to counter
with. That certainly could be another reason we are seeing
selling over the past couple days, when combined with the ever-
present geo-political problems.

The rally ahead of his testimony on Monday and Tuesday, however,
was enough to turn the point and figure charts back up into
columns of "X," which represent significant upward movement.  A
reversal requires three-boxes in the opposite direction of the
downtrend and therefore is supposed to represent a reversal in
sentiment.  However, we have now seen the last four Dow reversals
up indicate contrary profitable short entry levels.  The last
five reversals in the SPX and OEX have been short entry
opportunities.  What's even more impressive is that the last
reversals on Tuesday not only failed, but failed at a lower level
and were unable to move back above the previous breakdown levels.
We continue to set lower lows, and we are approaching territory
not seen on the way down since September, when were on our way to
setting lows below even those seen in July.  After consolidating
between 7950 and 8150 in the Dow, we ratcheted down a notch and
have been trading between 7800 and 8000. That is, until today.

The lows of the last few days had been 7830, 7801 and 7806,
indicating the bulls were staunchly defending the 7800 support
level. This morning, we broke down below 7800, reaching a low of
7753, and eventually finished the day at 7757.  The pattern is
becoming clearer each day.  While we are getting bounces in the
broader markets, those bounces continue to come at lower levels.
We take out the floor of the previous consolidation range, get a
bounce and then eventually collapse below that floor,
establishing a lower range as bounces come at successively lower
levels. This pattern has continued ever since the bullish
percents began rolling over in December and January.  Those
percents measure the number of stocks in a given index currently
giving buy signals.  Right now the Dow bullish percent is the
most extended to the downside, registering only 20%.  The SPX
sits at 42%, coming off a December high of 68% and the OEX sits
at 38%, coming off a December high of 75%.  The NDX sits at 38%,
after coming off a December high of 82%.  The Dow is the only
index of these to have entered oversold territory below 30%,
however we need to keep in mind that the last two bottoms came at
4% (July) and 8% (October)in the Dow, so it is still a ways from
support.  The sinking bullish percent has been a good indicator
that bounces would be only temporary on the way down, just as a
rising bullish percent in October and November was a good
indication that pullbacks were temporary on the way up. Still, we
must note that we are getting closer to the extreme bottom end of
the range we have traded in over the last year and risks will
begin to shift less in favor of bears as we continue to drop.  It
is true that the October drop took us below the drop in July and
we certainly could be headed to sub-7000 Dow range on this drop.
However, as we reach those bottoms, shorts would be best advised
to tighten stops and take some chips off the table.

Point and Figure Chart of the SPX


Point and Figure Chart of the Dow


Dow Bullish Percent


We spent some time talking about head and shoulders patterns over
the last couple of months and so far those patterns are bearing
fruit to the downside. We saw the similar pattern over the summer
and fall end up very close to its downside objective before
bouncing, with the Dow actually coming within just a few points
of its objective on the July drop. The target of the current Dow
head and shoulders pattern is 7500, while the SPX is targeting a
low around 785.  Those would both be higher than the October lows
and if we get there we can then decide just how significant a
higher low would be.

Daily chart of the Dow


Daily Chart of the SPX


Notables: The COMP closed well below previous support at 1300,
finding resistance there once again on an intraday basis. Its
mid-morning rebound high was 1301. The VIX is again testing the
40% level that has signaled short-term rebounds, although those
rebounds have continued to eventually fail.  The ten-year yield
took out recent lows, but has yet to approach the low from late
January or late February.  The five-year yield finished up on the
day, in contrast to the ten and thirty year.

This morning's testimony from CIA chief George Tenet that North
Korea has an untested ballistic missile capable of reaching the
U.S. and likely has as many as two plutonium based nuclear
weapons, which came alongside the International Atomic Energy
Agency's 35-nation executive board's citation of Pyongyang for
being in breach of U.N. safeguards, also weighed on markets.  In
the end, it turns out the news of the missile had been known to
U.S officials for a couple of years, but the splash across the
news screens certainly made buyers think twice about buying a
dip. Most of the blame for today's drop has fallen on concerns
over a war in Iraq. Whatever the reason the market continues to
be sold, the Iraq concerns are as good a reason as any.  However,
we are not exactly getting positive news from the corporate
sector either.

General Motors saw its price target cut at Banc of America
Securities from $32 to $28.  B of A cited a lower rate of free-
cash-flow growth, saying the new target reflects 23% downside
from current levels.  It also said that if GM's pension fund
assets were marked to market right now, the price target would
drop to $24. The big concern for investors is also B of A's
assertion that the company will be forced to cut its dividend.
GM finished down $2.03 on the day.  The analyst cited cash-flow
growth problems at all big three U.S. automakers, which are being
hurt by increased foreign capacity in the truck market.  He
mentioned increases for Toyota pickups specifically.  Ford's
price target was lowered from $13 to $11.

Viacom also released earnings that showed improved profits, after
a year ago loss, but also found only sellers. In spite of beating
estimates by three cents per share, the company's cable and video
results fell short of expectations.  The lower than expected cash
flow in those areas gave bears all the ammo they needed in a
market that seems to be looking for the bad news in just about
any earnings release.  We have seen a slew of stocks sold-off in
spite of beating forecasts and this was no exception. The stock
started off the day sinking over $2 before rebounding to show a
loss of $0.98 for the day.

One sector that showed surprising strength was the semiconductor
group.  Last night, AMAT missed profit and revenue estimates, as
well as said, "In the near term, we do not expect to see a
significant upturn in capital spending and will continue to
implement cost-cutting measures, as necessary, to better align
our operations with business conditions." It also said it would
shut down for two weeks this quarter. These comments followed a
warning at the end of January and only added to the bearish
evidence piling out of the sector.  However, the Semiconductor
Index (SOX) actually spent most of the day in the green, as
investors were apparently expecting even worse things from AMAT.
The SOX eventually gave in with the broad market sell-off,
dropping two points on the day, but if not for that heavy
pressure, very well could have ended positively.

After the bell, TMP Worldwide, parent of Monster.com, pulled its
guidance for 2003, saying, "The fragile economy and the
unpredictability of world events make it imprudent to discuss
specific guidance. Any prior guidance is therefore not
applicable."

While we have seen nothing to make us anything but bearish, we
have to start thinking about a bottom.  Things looked awfully
ugly before big rebounds in July and October, as well.  Those
bounces both eventually failed, as we are approaching the lows
once again, but after a sell-off of over 1000 Dow points, a
bounce making up less than 1/2 of that drop can whip us around by
500 points very quickly.  I am not predicting that bounce in the
immediate future, but the possibility grows greater with each leg
down.  Bears can be comforted by the fact that we did consolidate
for a while in the 7950-8150 range and that could have been our
bounce.  If that is the case, then the drop could be much steeper
than the H&S patterns indicate.  However, my guess is that when
it comes, it may run a little more than 200 points. For right
now, any short-term rallies have been good shorting opportunities
and until that trend changes then we should go with it.  Traders
should continue to watch the bullish percents, because if we do
reverse up at the same time we begin to bounce, then that may be
our first signal that the tide may be turning. Until then, lean
short, but stay cautious.


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

Abbott Labs - ABT - close: 35.41 change: -0.76

WHAT TO WATCH: On Tuesday Abbott announced the European launch of
its Dexamet heart stent.  This news came a day after S&P raised
the company's outlook from "negative" to "stable."  These
developments, however, weren't enough to keep ABT above support
at $36.00.  The recent breakdown through this level and the
corresponding double-bottom point-and-figure sell signal are
indications that ABT could extend (or even accelerate) its multi-
week downtrend.  Shares are currently trading in a fast-move
region that was created by the quick bounce from the July lows
near $30.00.  That level presents a reasonable downside target
for short-term traders.  Bearish entries could be targeted on a
move under today's low ($35.34), using a stop just above the
descending 21-dma at $37.63. The 21-dma has provided resistance
over the past three weeks.




---

Citigroup - C - close: 31.42 change: -0.63

WHAT TO WATCH: Weakness in the financial sector has weighed
heavily on the Dow Jones.  On Wednesday the BKX.X index (which
represents the large money-center banks such as Citigroup and JP
Morgan) joined the Industrials in falling to new multi-month
lows.  There were some rumors that the two companies might be
held responsible for additional Enron-related liabilities.  C is
looking particularly weak as it fills in its October 15th gap and
moves towards the October lows near $26.00.  The stock gave a
triple-bottom p-n-f sell signal at $34.00 and is now threatening
to move through bullish support.  A trade at $31.00 would confirm
a violation of this trend.  In light of the sector weakness, we
think C looks like a good short play at current levels.  A failed
rally back to the $32.00 area might also offer an entry point.
Other possible bearish trades in the financial group include BSC,
GS, LEH, MER, and MWD.




---

Johnson & Johnson - JNJ - close: 50.00 change: -2.00

WHAT TO WATCH: JNJ has been marching steadily lower ever since it
rolled over from its converging 50-day, 100-day, and 200-day
moving averages in January.  This was followed by a violation of
bullish p-n-f support at $53.00.  The downtrend accelerated today
after SurModics' CFO resigned.  SRDX provides the polymer
technology that Johnson & Johnson uses for its Cypher drug-coated
heart stent.  There was speculation that the resignation could be
a sign of trouble for SurModics, which obviously would not be a
positive development for JNJ.  The resulting 3.8% decline took
JNJ to levels not seen since late-July.  Psychological support at
$50.00 will probably be violated tomorrow if the market opens
with a bearish bias.  The stock is trading well above its next
level of daily chart support at the July lows ($42.00).  The July
sell-off resulted from an overreaction to reports of accounting
irregularities at one of the company's factories.  While a retest
of those lows might be a little optimistic for short-term
traders, a move to the $45.00 area would not be out of the
question if the Dow Jones continues to weaken.




---

Mohawk Industries - MHK - close: 48.19 change: -1.31

WHAT TO WATCH: It's been all downhill for Mohawk ever since the
stock gave a triple-bottom p-n-f signal up at $55.00.  The bears
got another shot in the arm last week when the carpet
manufacturer announced an earnings warning.  The resulting
breakdown below $50.00 earned MHK a spot on Friday's Watch List.
Shares spent the following two sessions gravitating towards that
level before today's 2.6% decline dragged Mohawk to new relative
lows.  The daily chart shows no clear support until the October
lows near $44.00.  Watch for a move below $48.00 or another
rollover from $50.00 to provide a bearish entry point.




---

Netease.com - NTES - close: 13.00 change: -0.81

WHAT TO WATCH: Shares of this Chinese internet portal company
experienced an astonishing explosion from the October lows of
$1.80.  By mid-January NTES had moved above its all-time high of
$17.25 (which was set shortly after the stock IPO'd) and maxed
out at $17.90 - increasing by a factor of ten in roughly four
months!  To say that Netease was overdue for some profit-taking
is a vast understatement.  Shares have spent most of the previous
three weeks trending sharply lower from the $18.00 area.  What's
technically interesting about this pullback is that NTES is now
trading at its 50-dma ($12.87).  This moving average acted as a
price magnet during the stock's initial upward movement in
October.  If shares manage to rebound from the 50-dma, there
isn't much overhead resistance to prevent a retest of the $15.75-
$16.00 region.  Aggressive speculative traders could target
entries at current levels, with a stop slightly under $12.75 or
$12.50 (depending on your risk tolerance).




---

Rohm & Hass - ROH - close: 29.15 change: -0.60

WHAT TO WATCH: Shares of this chemical manufacturer have tumbled
to new 52-week lows in the wake of last week's earnings
announcement.  The company reported a net loss and missed analyst
expectations by one penny.  Rohm's CEO characterized the quarter
as disappointing.  This fundamental weakness has led to a
violation of support at $30.00.  ROH now appears to be headed for
a test of the 2001 lows in the $25-$26 region, which is the next
level of clear support on the weekly chart.  Bearish traders can
watch for either a move under today's low ($28.90) or a failed
rally near $30.00 to offer a potential entry point.




---

SBC Communications - SBC - close: 23.07 change: -0.64

WHAT TO WATCH: Still falling!  SBC garnered some unwanted
negative brokerage comments after the company revealed it was in
talks to buy Direct TV from GM Hughes.  The stock has dropped
below support at $23.50 and might be headed for the October lows
near $20.00.  Shares have also fallen below bullish support on
the p-n-f chart.  Note, however, that previous resistance at
$22.00 may now provide support.




---

Tech Data - TECD - close: 20.55 change: -0.22

WHAT TO WATCH: TECD gapped sharply lower last Friday after the
company said that its fiscal 2004 profit would be significantly
less than the results for 2003.  The stock has since managed to
claw its way back from the 52-week low of $19.07.  Shares seem to
have stabilized now that the bad news has been released.
Assuming that TECD gets some assistance from a NASDAQ rally (yes,
that's a pretty big assumption), it looks like the stock could
break out of today's Inside Day pattern and fill in a larger
chunk of the Friday gap.  Aggressive traders can think about
going long on a move above $21.15.  We'd categorize this as a
highly speculative high-risk/high-reward play.




---

Utilities HOLDRS - UTH - close: 56.61 change: -2.09

WHAT TO WATCH: The utility sector absorbed another blow this week
when El Paso (EP) announced management changes (including the
resignation of its CEO), resulting in its credit rating sinking
closer towards junk status.  The resulting sell-off has spread to
other pipeline companies (such as DUK) and the broader utility
group.  Much like the UTY.X utility index, the AMEX-traded UTH is
trading at fresh multi-month lows after falling under the
November lows.  This breakdown has cleared the way for a possible
test of the next support region at $50-$52.  Even though shares
might be due for some short-covering after moving sharply lower
over the past two sessions, it'll be hard for the sector to find
a bid if the overall market extends its losses.  Point-and-figure
chartists will also notice that today's decline produced a
double-bottom sell signal.  Aggressive entries can be targeted at
current levels, while more conservative types may want to wait
for a failed rally back to the $59.00-$59.50 area.





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

Cytyc Corp. - CYTC - close: 12.39 change: +0.32 stop: 11.20

Company Description:
Cytyc Corporation develops, manufactures, and markets products
for medical diagnostic applications primarily focused on women's
health. The ThinPrep. System consists of the ThinPrep. 2000
Processor, ThinPrep. 3000 Processor, and related reagents,
filters, and other supplies. (source: company press release)

- ORIGINAL WRITE UP: February 5th 2002 -

Why We Like It:
CYTC was booted from the NASDAQ-100 in December after the stock
was hammered by concerns of increased competition in the cervical
cancer screening market. The stock was also plagued by talk of
accounting issues. Most of the damage was done in the first half
of the year. By August, shares had stabilized near $10.00. Over
the past six months CYTC consistently gravitated towards that
level, trading in a clearly-defined range between $8.00 and
$12.00. It wasn't until today's session that shares finally poked
their head above the upper resistance level. As you might expect,
there was some positive news behind this breakout. Cytyc's
earnings report last Tuesday included a 5.4% increase in year-
over-year revenue and a net profit of 15 cents per share.
Analysts had been anticipating only 13 cents per share. Those
positive results suggest that the concerns about competition
eating away at CYTC's market share may have been overblown.

Investors have taken a very positive view of Cytyc's improving
fundamentals. The stock had a clear buy-side bias over the past
week, in spite of weakening broader market. That relative
strength bodes well for a continued rally. And although bears
might argue that stock is near-term overbought, we believe a move
above resistance could trigger a short-covering rally that takes
CYTC towards $14.00. This area, which acted as support in May and
turned back a rally attempt in June, presents a possible
challenge for the bulls. Our profit-target is set just below that
level at $13.94. More significant resistance is at $16.00, but
that's a bit too ambitious for our relatively short-term
strategy. We're placing an entry trigger for this play at $12.11,
one cent above today's high. If the play is activated we'll use a
stop at $11.20. This would set up a risk/reward ratio of 1:2.
Traders looking for less downside exposure could use a stop near
$11.65, under the recent trend of higher lows on the 15-minute
chart.

- Last Update: February 11th, 2003 -

It took awhile, but CYTC finally managed to trade up to our
action point on Tuesday.  The recent pattern of relative strength
was a sign that shares could soon be trading at new multi-month
highs.  With the NASDAQ moving slightly higher this morning, the
bulls had no problem pushing Cytyc above both our entry trigger
($12.12) and the mid-June high of $12.20.  The intraday move
above the latter level bodes well for an eventual rally to the
next area of resistance at $14.00.  We also like how shares held
firm while the NASDAQ ticked lower in afternoon trading and
closed above $12.00 for the first time since June.  Barring a
steep broader market sell-off tomorrow, it looks like CYTC is
well-positioned to attack new relative highs.  New entries can be
targeted on a move above $12.25.  Our stop-loss is set at $11.20.

- Play-of-the-Day Comments: February 12th, 2003 -

A 2.6% gain never looked so good.  On Wednesday CYTC extended its
breakout above resistance at $12.00, seemingly oblivious to the
broader market's steady decline.  As a matter of fact, a 5-minute
chart of the NASDAQ and CYTC almost look like mirror images of
each other - especially the second half of the session, when the
stock ignored a steep selloff in the Composite and powered ahead
to another multi-month high.  While there was no company-specific
news to explain this relative strength, strong earnings from
fellow medical device-maker Medtronic (MDT) may have helped to
induce more short-covering in CYTC.  The fact that shares closed
near the highs of the day bodes well for more upside action on
Thursday morning.  We think the stock is poised to continue
towards our initial profit-target at $13.94 - especially if the
major indexes manage to recoup some of their recent losses.
Aggressive short-term traders can watch for a move above today's
high ($12.39) or another intraday pullback to the $12.00-$12.10
region to offer an entry point.

Picked on February 11th at $12.12
Results since picked:       +0.27
Earnings Date            01/28/03 (confirmed)







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DISCLAIMER
=================================================================

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

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Copyright ) 2003  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter               Wednesday 02-12-2003
                                                   section 2 of 2
Copyright ) 2003, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================

In section two:

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)


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

                             

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

NCOG    NCO Group                 14.05     +1.06
AOC     AON Corp                  19.42     +1.37

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

STJ     Saint Jude Medical         42.55     +1.36
MDT     Medtronic Inc              45.05     +1.30
GRMN    Garmin Ltd.                30.26     +1.46

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

CAH     Cardinal Health            54.49     -2.69
OCR     Omnicare Inc               23.46     -1.14
CVH     Coventry Health Care       25.37     -1.14
ESRX    Express Scripts            49.32     -2.33
JEF     Jefferies Group            36.45     -1.56
SPW     SPX Corp                   36.35     -1.60
MANH    Manhattan Associates       20.75     -1.18
XL      XL Capital                 69.82     -1.68
CVD     Covance Inc                22.76     -1.9

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

BGEN    Biogen Inc                 37.76     -0.82
EOG     EOG Resources              38.16     -1.11




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

This newsletter is a publication dedicated to the education
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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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