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PremierInvestor.net Newsletter                 Monday 03-10-2003
                                                  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:      A Line In the Sand
Watch List:       MO, SBC, SLM, PG, and lots more...
Play of the Day:  Suspicions Confirmed

******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
03-10-2003                  High    Low     Volume       Adv/Dec
DJIA     7568.18 - 171.85  7739.47 7559.64    1202 mln   814/2448
NASDAQ   1278.37 -  26.92  1299.55 1277.18    1088 mln   910/2295
S&P 100   409.64 -  10.48  420.12  409.24      totals   1724/4743
S&P 500   807.48 -  21.41  828.89  806.57
RUS 2000  348.01 -   6.17  354.18  347.93
DJ TRANS 1982.56 -  59.92 2041.32 1977.28
VIX        37.85 +   2.20   38.16   37.11
VIXN       47.00 +   0.61   47.60   46.75
Put/Call Ratio 0.87
******************************************************************

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

A Line In the Sand

by Kent Barton

"May you live in interesting times."
- Purported ancient Chinese curse

After months of diplomatic maneuvering, U.N. weapons inspections,
and an extended military buildup in the Middle East, everything
is finally coming to a head.

The Bush administration is growing increasingly impatient and
wants to kick off the war before a blistering Iraqi summer
begins.  France, Germany, and Russia want to give the inspectors
more time.  Something's gotta give.  With its proposed March 17th
deadline for Iraq to comply with disarmament demands, the U.S.
and Britain have effectively started the final countdown to war.
Both France and Russia have made it clear that they'll veto the
British resolution, which could be presented for U.N. approval as
early as Wednesday.  But whether or not the resolution passes is
largely irrelevant in terms of President Bush's ultimate
objective.  What the White House has done is put the world on
notice that the U.S. is unwilling to wait any longer.  Barring
any unforeseen diplomatic developments, one week from tomorrow
will mark the beginning of open season on Saddam Hussein.

Friday's rumors that two of Osama Bin Laden's sons had been
captured gave the shorts a perfect excuse to cover ahead of the
weekend.  This created an artificial bounce that disappeared on
Monday after it became apparent that the rumors were false.  The
general market consensus seems to favor multilateral military
action.  Now that it's becoming increasingly clear that the U.S.
will be acting unilaterally (i.e. without the auspices of the
United Nations), the bulls will find it very difficult to buck
the recent trend of lower highs in the Dow Jones.

Daily chart - Dow Jones:


10-minute chart - Dow Jones:


Foreign investment is also fleeing U.S markets, as evidenced by
Monday's new multi-year low in the U.S. Dollar (DX00Y).  This has
severely negative implications for large importers such as Sony
(SNE) and DaimlerChrysler (DCX), whose profit margins shrink as
the Yen and Euro strengthen.  Interventions from the Bank of
Japan to prop up the Dollar have thus far had a minimal impact.
Incidentally, DCX and SNE are both trading at long-term lows, and
the Japanese Nikkei 225 just broke the 8,000 level for the first
time in 20 years.

In a fresh reminder that accounting issues are still lurking in
the shadows, Bristol Myers restated its 1999-2001 sales and
profit results on Monday.  The company said it overstated sales
by $2.5 billion, thanks to a policy that encouraged drug
wholesalers to buy more drugs than they could sell.  Bristol's
"mea culpa" pressured the stock in early trading, but shares
managed to outperform the broader market with a loss of only
1.2%.  Investors seemed to be soothed by BMY's reiteration of
full-year 2003 EPS expectations in the $1.60-$1.65 range.

Government-funded mortgage lender Fannie Mae (FNM) was whacked
for a 6.8% loss after St. Louis Federal Reserve president William
Poole suggested that poor debt management had put the company in
a position where it could be a risk to the economy.  With Alan
Greenspan recently making bearish comments regarding the housing
market, investors didn't have to think twice about selling.  FNM
tagged a 52-week low on extremely high volume of 26 million
shares.  Fannie's brother Freddie Mac (FRE) moved sharply lower
in sympathy.

Receiving the dubious distinction of being today's worst sector
performer was the airline index, which gave back most of Friday's
short-covering gains.  The XAL.X was pressured by reports that
AMR (parent company of American airlines) has quietly starting
talking to banking firms about bankruptcy loans.  Shares of AMR
dropped 14% on the news.  The rest of the airline group (and the
transportation sector in general) continues to be plagued by the
rising price of oil.  Crude futures (cl02j) are holding above
$37.00/barrel and aren't likely to roll over while the geo-
political climate continues to heat up.  Oil traders will be
focusing on tomorrow's OPEC meeting, where the cartel will
discuss how to handle the current situation.

In one of the handful of positive news stories today, Qualcomm
raised estimates for its second-quarter chip shipments from 27
million to 28 million.  QCOM has staked a lot on its critical
third-generation (G3) CDMA technology, and thus far the network
deployment seems to be going smoothly.  Evidence of strong demand
within the industry was also reflected in a consultants report
that showed handset sales in the fourth quarter were better-than-
expected.  But with the NASDAQ bleeding steadily lower throughout
the session, those two news stories weren't enough to prevent
QCOM and NOK from finishing solidly in negative territory.

Daily chart - NASDAQ:


As you can see from the above chart, there's a whole lot of
downside potential for the NASDAQ if it breaks under the relative
lows.  Big-cap techs INTC, MSFT, and IBM (Big Blue is traded on
the NYSE) are all are looking quite weak.  The semiconductor
index (SOX.X) and software index (GSO.X) are trading at or below
short-term support, and have ample room to move to the downside.

Most traders are familiar with that tried-and-true axiom; "It's
always darkest before dawn."  Things are looking pretty dark at
the moment.  Every Dow component and major sector index finished
in the red today, and down volume destroyed up volume on the NYSE
by a 17:1 ratio (the NASDAQ was more tame at 3:1).  The
combination of last week's abysmal economic data and the pending
war with Iraq has created what appears to be an ideal environment
for the bears.  From a contrarian standpoint, extreme negativity
is an indication that a market bottom might be forthcoming.  But
two critical elements are lacking from the current decline:
volume and fear.  As has been the case recently, today's volume
was very light at only 1.2 billion shares on the NYSE.  This
buyers strike is likely to continue ahead of the March 17th
deadline.  Meanwhile, growing anxiety has pushed the volatility
index (VIX.X) up to the long-term descending trendline that we've
been watching in recent weeks.

Daily chart - VIX.X:


Until we start seeing some powerful upward movement in the VIX.X
and a couple down days with very strong volume, it'll be very
tough to call a market bottom.  Investors will become
increasingly skittish as war approaches, possibly leading to a
breakdown in the key equity indices.  Potential buyers are simply
unwilling to take sizable long positions in this uncertain
climate.  At the moment there are simply too many unanswered
questions.

For instance, how long will it take for the U.S to unseat the
Iraqi regime and win the war?  The Pentagon has hinted at a
furious bombing campaign in the first few days, using laser-
guided munitions and other airborne weapons.  Ground troops would
move into Baghdad after the Iraqi military has been shocked by
the initial hostilities.  This weekend there were reports that a
dozen Iraqi troops had surrendered to British forces.  Watching a
British live-fire exercise, the malnourished and poorly-equipped
Iraqis thought the war had already started.  When they tried to
surrender, the soldiers were told to wait until the war had
actually started!  The troops' loyalty (or lack thereof) doesn't
bode well for Saddam.  Early success in the military campaign
might lead to a repeat of 1991, when the market rallied shortly
after the war began.  Chances of a swift victory would be
bolstered if Turkey gave the U.S. permission to place ground
forces in the country.  Although the Turkish Parliament has
already voted against allowing ground forces, this weekend's
election of a new Prime Minister might enable the troop
deployment to be brought up for another vote.  The U.S. would
benefit greatly from being able to attack Iraq from its Northern
border.

Nobody knows how this will all play out.  But given the technical
weakness in the major indexes and Wall Street's opposition to
unilateral action by the U.S., it's hard to envision how the
market could muster anything more than a short-lived relief rally
in the near future.  The coming week should prove to be quite
interesting indeed.  Intraday index traders can continue to trade
the downtrend, using failed rallies from descending resistance as
potential entry points while also paying close attention to those
underlying support levels on the Dow and NASDAQ.  Conservative
traders will probably want to remain on the sidelines and wait to
see how the ongoing Iraq drama plays out before making any
commitments.


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

Viacom Inc - VIA (class A) - close: $34.74 change: -1.48

WHAT TO WATCH: Breaking to new six-month lows was VIA. The stock
fell under three week old support at $35.00 as investors feared
the coming war would accelerate the drought in an already weak
advertising market.  The Point-and-Figure (PnF) chart looks weak
and we suspect the stock is aiming for a retest of its July 2002
lows.




---

SBC Communications - SBC - close: $19.35 change: -1.14

WHAT TO WATCH: Also leading the way down were shares of SBC.  The
stock dropped 5.5% and reached a nine-year low after collapsing
through support at the $20.00 level.  The on-going FCC regulation
issues SBC and other bells are facing do not help matters.  Odds
are this stock will see even lower lows.




---

Procter & Gamble - PG - close: 79.79 change: -1.17

WHAT TO WATCH: Shares of PG have been holding on to the $80 area
for dear life this last week.  Bears have been waiting for months
for the stock to break through this support and shares will not
leg go.  It continues to look weak and aggressive traders can be
evaluating short-entries suitable to their risk level but some
traders may be best suited by waiting for a convincing close
under $79.50 to $79.  Our target would be $75.




---

Altria Group - MO - change: $35.55 change: -0.27

WHAT TO WATCH: Shares of MO fell strongly last week as investors
and analysts began to speculate that Phillip Morris was likely to
lose one of its current lawsuits.  The suit in question is over
the term "light".  Plaintiffs (representing 1.1 million Illinois
smokers) are saying "light" means less harmful.  MO is arguing
that the term "light" refers to the tobacco's taste.  Hmm...
which would you think the term "light" meant?  The plaintiffs are
looking for more than $7 billion (with a "B") in damages and
another $14 billion (with a "B") in punitive damages.  The judge
is looking over the closing arguments now and the case is pending
a verdict by the judge.  Unfortunately, he gave no timetable as
to when he would be rendering a decision.  When he does, he has
ordered that the judgment be sealed until both sides have
received it.  If you look at a weekly chart of MO you can see
that shares of plenty of "profit" to be taken should the verdict
go against them.  Of course the very opposite is true as well
should the judge rule in favor of MO.  This is a very risky
position for both longs and shorts.  Choose carefully.




---

Coca Cola Co - KO - close: $37.07 change: -0.63

WHAT TO WATCH: Wow!  Shares of KO are really going flat.  The
stock hasn't been this low since early 1996.  We're not
necessarily recommending bearish plays as the stock is VERY
oversold.  However, it is very clear what direction the stock is
headed.  Aggressive traders could use a tight stop just above
$38, which has held as resistance for the last few sessions or
use the $39-40 area as a stop for any short positions.




---

SLM Corp - SLM - close: $102.35 change: -2.55

WHAT TO WATCH: All this bearishness can be overwhelming.  This
entry is actually for the bulls.  Shares of SLM (or Sallie Mae)
have been in a long-term uptrend for months.  Until the stock
breaks its long-term uptrend by trading below its 200-dma we feel
that enterprising traders can look for an entry point for new
longs.  Recent market weakness should have the stock pulling back
to the 200-dma (currently $98.50) and/or the $100 mark, which
could be psychological support.  If shares pull back and hold or
bounce, then our upside target would be $110.  Should the stock
fail and seriously violate the rising trendline, then as traders
we'll be considering short positions.  Just beware that it's not
a bull trap as witness in mid-summer 2002.





---

Freddie Mac - FRE - close: $50.80 change: -3.20
Fannie Mae - FNM - close: $58.92 change: -4.35

WHAT TO WATCH: No doubt you probably heard about the comments
made by St. Louis Federal Reserve Bank President William Poole.
If you haven't here's the skinny - Poole said that FNM and FRE's
capital levels are too low and well below what a regulated
institutions would be.  Furthermore Poole went on to say that
should either firm be "rocked by a mistake" it could turn into a
crisis for the markets.  Both stocks were hit hard and fell
through long-time support levels.  If the sell off continues we
would not be surprised to see FRE aim for the $40 level and FNM
aim for the $50 level of support.





------------
RADAR SCREEN
------------

AIG - This insurance stock is closing at new 52-week lows.  The
Insurance index broke down today through long-term support at
220.  We would speculate on AIG heading to the $40 level.

UPS - This stock bears some investigating.  The stock has
plummeted from $64 a few weeks ago to $53.74 today.  Where it
stops, no one knows but odds for a tradeable rebound are strong.
Just don't try and guess the bottom.

KSS - This retailer has been up the last few days but the rally
failed right at its downward trendline.  Aggressive traders can
target shorts with a stop just above today's high.  Our short-
term target would be $45.00.

UNM - Ouch!  Shares of UNM lost 36 percent today after an
unfavorable report by Moody's.  Volume was huge at 8 million
shares.  Can it rebound?  Absolutely, but by the looks of the
intraday chart this still has some selling it needs to process.
Only high risk traders should keep this one on their watch list
for a short-term bounce... once signs of a bounce actually
appear.

MACR - It takes some faith in this market but shares of MACR are
right at their rising support trend.  Speculative traders could
enter longs here with very tight stops.  Considering the market
environment it may be more prudent to wait for some signs of
strength first (like waiting for a move back over $15).

LMT - Shares are very oversold but they seem hell bent on hitting
the $40 level of support.  Should the stock offer a bounce and
failed rally back at the $44 or $45 level we'd consider short-
term bearish positions with tight stops.  The cloud of war on the
horizon has done nothing for this group.

ATK - Similar story to LMT except the next support level is
closer to $38.  Any failed rally near $45 might be a shorting
opportunity but use a tight stop.

-OIL/GAS-

SLB - This oil stock has been fighting to hold its gains for days
and the breakdown today looks ominous.  This looks like one to
watch.

KMI - The four month up trend in KMI looks ready to reverse.  The
last few weeks have been sideways and the move today is a strong
close under the 50-dma.  Should the stock retrace some of its
gains from the October 2002 low, then a 38.2% retracement would
put shares right at the $40 level.

SUN - Wow!  Here's a stock that has been up six weeks in a row
and is showing no signs of stopping.  We're not recommending any
long plays as shares are quickly approaching resistance near
$37.50-38.00.  Watch this level for a failed rally and we might
get an attractive short opportunity.

-BANKS-
We noticed a ton of bank stocks that had broken through long time
support during Monday's session and several looked pretty
intriguing as far as play candidates go.

CMA - Just broke multi-week support at $39.50, could retest its
October lows.

FITB - A pretty ugly trend.  If it breaks $50, watch out!

NTRS - Broke the $30 level three sessions ago.  No real support
in sight.

PVN - For aggressive traders, we'd look for a move below $5.00.
If it occurs, target $4.25 to $4.00.


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

Sears Roebuck - S - close: 19.01 change: -0.89 stop: 21.11

Company Description:
Sears, Roebuck and Co. is a broadline retailer with significant
service and credit businesses. In 2002, the company's annual
revenue was $41 billion. The company offers its wide range of
apparel, home and automotive products and services to families in
the U.S. through Sears stores nationwide, including approximately
870 full-line stores. Sears also offers a variety of merchandise
and services through its Web sites, sears.com and landsend.com,
and a variety of specialty catalogs. (source: company press
release)

- ORIGINAL WRITE UP: March 6th, 2003 -

Why We Like It:
Nary a day goes by that we aren't confronted with more evidence
of fundamental weakness in the retail sector. The group is
already reeling from a tepid Holiday season and a nation full of
consumers who are more concerned with the looming war in Iraq
than missing the latest big sale at the mall. Making a bad
situation even worse, the East Coast was recently hammered with a
severe winter storm that left many potential customers
involuntarily cocooned in their homes. This had a decidedly
negative effect on several retailers, including Sears. The
company reported today that its same-store sales for February
fell by 9.4%. Analysts were expecting a decline of only 7.6%.
This news follows last Friday's credit rating reduction from
Standard & Poor's, who cut Sears from "A" status to "BBB+."

Today's news pushed S to new multi-year lows on the strongest
volume since January 16th. This 3.5% decline was more than enough
to push the stock below critical support at $20.00. Pulling up a
yearly chart, we see that shares haven't traded this low since
Ronald Reagan's first term. Now that's what we call a historical
breakdown! In light of the technical and fundamental weakness, we
feel that S could be headed for the next level of psychological
support at $15.00. We'll initially target a move to that region.
Shorter-term traders might want to aim for $16.00 or $17.00. We
know, that's a bit ambiguous...But with shares trading at multi-
DECADE lows, it's very tough to gauge downside potential. Suffice
it to say we think the recent downtrend will continue. This
hypothetical trade is active at current levels with a stop at
$21.11. Very conservative traders might want to use a stop
slightly above today's high of $20.20. Finally, on a purely
anecdotal note: There's a Sears store adjacent to the Premier
Investor offices here in Denver. With the exception of the
Holiday season, the surrounding parking lot has been largely
unfilled in recent months. While that's not information that one
could base an investment decision on, it's nonetheless
interesting to see tangible evidence of the sales decline that
has weighed so heavily on Sears stock.

- Last Update: March 7th, 2003 -

Friday's trading kicked off in predictable fashion as S followed
the broader market to some early-morning losses.  The stock moved
below Thursday's intraday support at $19.15 and made its way to
an intraday low of $18.90.  Not a bad start...but you probably
know the rest of the story.  Rumors that two of Osama Bin Laden's
sons had been captured or killed triggered a sudden short-
covering equity rally.  S followed the major indices higher and
topped out at $20.30 shortly after 12:00 EST.  At that point the
bullish enthusiasm slightly waned, and the stock formed a plateau
10-20 cents below $20.00.  The fact that S closed below that
level of psychological resistance is a positive sign for this
bearish play.  It's also encouraging to see that today's rally
came on only 4.6 million shares.  By way of comparison, volume
during the previous three sessions of down days clocked in at 7-
10 million.  Of course there's always the possibility that
today's reversal formed a short-term bottom in S.  The bulls will
be looking for shares to provide upside confirmation by
reclaiming the $20.00 level and breaking above today's high at
$20.30.  Those with a conservative strategy may want to use a
stop just above that level.  Traders looking for new entries will
probably want to wait for a move under the relative low of $18.63
before thinking about going short.

- Play-of-the-Day Comments: March 10th, 2003 -

We were pretty suspicious of Friday's light-volume short covering
rally in shares of Sears.  Our bearish suspicions were confirmed
today when the stock gapped below $20.00 and proceeded to move
steadily lower throughout the session.  The stock closed near the
lows of the day and finished with a loss of 4.4%, easily
underperforming the Dow Jones and RLX.X retail index.  The
stock's rejection from the $20.00 region is a promising
development for this short play.  Continued broader market
weakness on Tuesday could see S fall under its relative low of
$18.63.  A move under this level would offer a potential action
point for new short positions.  More aggressive traders could
also target entries on a failed rally near $19.40, which acted as
intraday resistance this afternoon.  Ideally we'd like to see a
move to new lows be accompanied by strong volume, but that might
be hard to come by if the overall market continues its recent
trend of light volume.  Conservative traders may want to place
stops just above yesterday's high of $20.30.

Picked on March 6th at 19.30
Results since picked   +0.29
Earnings Date       04/17/03 (unconfirmed)







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

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

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

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

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

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


Copyright ) 2003  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter                  Monday 03-10-2003
                                                   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:

High Risk/Reward
  Closed Bullish Plays:      GLW

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 Closed Plays
===============

--------------------
Closed Bullish Plays
--------------------

Corning Inc. - GLW - close: 5.54 change: -0.25 stop: 5.64

Success!!  Although Monday was obviously a very tough day to be a
bull, GLW experienced some early-morning buying that lifted it
towards whole-number resistance at $6.00.  Anticipating that
shares might max out at that level, we placed an exit target for
this play at $5.99.  Lo and behold, that was the high for the
day.  The stock then succumbed to the broader market weakness and
retraced most of Friday's gains, ultimately finishing with a loss
of 4.3%.  Longer-term traders will note that the stock has not
yet broken its short-term uptrend.  But even though the technical
picture for GLW is still bullish, further downward in the
movement in the NASDAQ might drag the stock back towards the
$5.00 region.  In light of the broader market negativity, we're
more than happy to part ways with GLW after harvesting a gain of
19.5% in this paper trade.  After the closing bell today, Corning
reiterated its first-quarter earnings expectations of 1 cent to 4
cents per share and said it expects to return to profitability in
2003.  This mirrors the comments that the company's CFO made last
Tuesday, and as such it shouldn't have a large impact on the
stock price tomorrow.

Picked on March 3rd at $5.01
Results since picked:  +0.98
Earnings Date       04/24/03 (unconfirmed)





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

REGN    Regeneron Pharma.          18.97     +1.22

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

                             

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

FNM     Fannie Mae                 58.93     -4.35
UN      Unilever N.V.              53.83     -1.67
AVE     Aventis                    44.02     -1.60
BTY     British Telecom            23.21     -1.64
HIT     Hitachi Ltd                38.34     -1.51
HIG     Hartford Financial         33.35     -1.67
CDWC    CDW Computer Centers       39.00     -2.52
PD      Phelps Dodge               31.94     -1.37
BCC     Boise Cascade              21.56     -1.21
KRON    Kronos Inc                 33.59     -4.20
RTH     Retail HOLDRS              64.10     -1.45

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

LXK     Lexmark Intl.              61.00     -2.51
RIO     Companhia Vale             28.10     -0.53
VIP     Vimpel Comm.               36.25     -1.21




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

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