Option Investor
Newsletter

Daily Newsletter, Monday, 03/31/2003

HAVING TROUBLE PRINTING?
Printer friendly version
PremierInvestor.net Newsletter                 Monday 03-31-2003
                                                  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:      Floor Falls Out
Watch List:       CHIR, CYTC, DIA, PSFT, SANM, and more...
Play of the Day:  Breaking Down and Underperforming

******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
03-31-2003                   High    Low     Volume Advance/Decl
DJIA     7992.13 -  153.64  8142.83  7929.31  1626 mln  362/1250
NASDAQ   1341.17 -  28.43  1357.00  1336.61   1530 mln  361/1155
S&P 100   429.13 -  8.81    437.94  427.29    totals    723/2405
S&P 500   848.18 -  15.32   863.50  843.68
RUS 2000  364.54 -  4.16    368.67  361.91
DJ TRANS 2131.21 -  31.99   2162.90 2106.34
VIX        33.37 +  1.19    34.37   32.35
VIXN       43.05 -  0.04    44.91   42.83
Put/Call Ratio 1.31
******************************************************************

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

Floor Falls Out
by Steve Price

Back to business - or at least the lack of business. After
another weekend in which the war dragged on with little signs of
a quick end, investors refocused on the economy and showed their
discontent by dropping out in droves.

The morning started out with a big slide, which actually followed
the weekend drift lower in the Asian markets. As of Sunday night
the S&P futures were already down over 13 points and that drift
continued into Monday morning. The drop finally broke the markets
out of the consolidation and drifting they had seen over the past
couple of weeks and tested some important areas of support.

Chart of the Dow


There were a number of factors leading to the morning dip,
including bankruptcy talk from a couple of the largest U.S.
companies.  Altria (formerly Philip Morris) said it is "presently
uncertain" whether it will be able to make the next $2.5 billion
payment to state governments required by its 1998 tobacco
settlement.  The problem is a $12 billion bond the company must
put up, in order to preserve its appeal of a judgment of that
amount levied against it by an Illinois court last week. Standard
& Poor's said it might lower its rating on the company's debt to
junk status and that, "S&P believes that the company would be
seriously challenged to raise the amount. In the event that the
amount of the bond cannot be raised or reduced to a manageable
amount, Standard & Poor's believes Philip Morris USA might have
to consider bankruptcy as an option."

The other big-whig faced with impending bankruptcy is American
Airlines (AMR).  AMR has been in wage concession talks with its
unions that have yet to yield an agreement on a package that aims
to save $1.8 billion on labor costs. The troubled airline lost
$3.5 billion in 2002 and all airlines have seen bookings plummet
since the start of the war - particularly on international
routes.  If this war continues to drag on, as it appears it will,
the problem may only get worse. Insiders are saying that even if
there is an agreement with the unions, bankruptcy may be the
eventual result anyway. The company announced an agreement with
its mechanics and flight attendants mid-day that gave the stock a
boost, but has yet to conclude negotiations with its pilots. The
company is also still trying to put together debtor-in-possession
financing needed to continue operating in Chapter 11.  If it does
file, it would be the industry's largest, following filings by
UAL and U.S. Air, which is set to emerge from bankruptcy today.

Last week's University of Michigan Consumer Sentiment report
showed a big jump in confidence as soon as the war started.
However, it appears that Americans have yet to show that
confidence with their wallets. Last Monday, several retailers
reported that sales were tracking below estimates, but the
biggest of them all - Wal-Mart - said it had seen a minimal
impact from shoppers sitting home watching the war on T.V. and
that sales were still on track.  The tune changed this morning as
the company said its sales were now tracking toward the low end
of its previously predicted range. It is expecting sales to rise
by a low, single-digit percentage. Similar comments came from
Nordstrom (JWN), which warned that its earnings would miss
forecasts.  Federated and J.C. Penney both said sales were weak
and trending below projections for the month. Whether the
reluctance to spend is due to the war or the worsening employment
picture is not entirely clear, as both are assumed to go hand in
hand.  But the bottom line is that consumers aren't spending what
was expected.

One of the unknown factors that started out as a health story,
but is beginning to have an economic impact, is a new disease
called Severe Acute Respiratory Syndrome (SARS).  It is beginning
to affect the tourism industry in Asia, as well as travel
worldwide and has now led economists to lower GDP forecasts for
Hong Kong, which relies heavily on tourism. Salomon Smith Barney
said the disease could slice 0.2%-0.9% from Hong Kong's economy
this year, but in a worst case scenario where the disease goes on
uncontested for months, it could be as much as a third.   So far
doctors identified the disease, which is pneumonia, as related to
the virus that spreads the common cold; but they have been unable
to do anything about it other than isolate and ventilate
patients. If it continues to spread, the tourism industry across
Asia could be affected for months and we may see further weakness
overseas. Companies such as Intel, Motorola and Sony have already
begun sending workers at overseas factories home after
individuals at their locations came down with symptoms.  The
disease was one of the factors in driving the Nikkei back under
8000, along with prolonged war concerns that sent the FTSE, DAX
and CAC lower as well.

The Semiconductor Index (SOX) got hammered today, losing 4.4%
following the release of data that shows a 3.3% sales decline in
chips from January to February.  The Semiconductor Industry
Association released the numbers and the head of the organization
said that the recovery of the past 15 months appears to have
stalled. SIA president George Scalise said "The traditional
seasonally flat first quarter has been further impacted this year
by geopolitical uncertainty. Demand has softened in the markets
that drove growth throughout the past year, including PCs, global
wireless and consumer."  On a quarter-over-quarter basis, there
was a 20% decline in units in the microprocessor segment and Bear
Stearns said it expects the slowdown to continue until late in
the third quarter of 2003. The SOX made a run last week,
eventually failing at its 200-ema, but has now given back 10% of
its value in the past 6 sessions.

This morning's Chicago PMI report, which reflects manufacturing
data in the region and is generally a precursor to the nationally
based ISM data showed an ugly picture for the sector. The
expectation for the report was a mild 50.8, which equates to a
slight expansion in manufacturing activity (the
expansion/contraction line is 50.0). However, the report came in
at 48.4, showing contraction in the region and the regional
indices appear to be signaling a sub-50 reading in the ISM, which
is due out tomorrow. The drop from 54.9 in February was the
largest decline since March 2001 and the lowest reading since
October. The production index fell from 62.4 to 49.1, for the
largest one month decline since 1980 and the lowest level since
December 2001, just a couple of months after the 9/11 attacks.

The Dow dropped far enough to take out the 8000 level, trading
all the way down to 7929 intraday.  We did get a bounce back to
the 8000 level, where we treaded water for much of the afternoon.
However, if traders are wondering just how much effect the war
news is having, they got more evidence that the answer is still
"a lot" when news hit the wires that U.S. troops had taken
control of oil fields in Kirkuk in Northern Iraq. Those fields
contribute approximately 720,000 barrels of oil per day and the
both the equity markets reflected the capture with a sudden rally
late in the day

However, the May Crude Oil Futures still reflected the ongoing
war and the situation in Nigeria that is strangling that
country's output, as well. As oil prices have risen, the equity
markets have dropped.  That relationship remains consistent,
reflected by today's $1.11 per barrel gain in the futures back
over $30 per barrel to $31.27. Gold futures also reflected global
uncertainty, with a gain of $6 per ounce.

Chart of Oil Futures


The late day rebound after the oil field capture lifted all
boats, but not before certain key levels were broken.  In
addition to the Dow breaking 8000, the SPX broke 850, the OEX
broke below 430 and the COMP fell under 1350.  Those levels were
all retaken on the late day rally, but eventually failed after
the news euphoria wore off. The rally of almost 100 Dow points
reversed itself and headed back toward mid-day lows.  The bond
market may have given us an indication of why we got a bit of a
bounce in the morning before the war news broke.  The treasuries
reached an important level this morning, one which led to a big
reversal in November and December, triggering asset allocations
and sending equities higher. A look at the charts of the five and
ten-year yields shows that this morning's drop ended almost at
the exact point where those reallocations were triggered
previously.  Traders will also note that the big rebound in the
middle of March, while pegged for the start of war, actually
coincided with the drop in yields to their October lows. The war
may have been cited as the main impetus, but it is probably no
coincidence that the bounce in equities came at the exact time
yields hit those October lows.  That tells bears to be careful
now, as well, as we have again reached a pivotal level.

Chart of Five and Ten Year Yields


The percentage of stocks on the upswing according to the bullish
percents is still in rebound mode and those indicators have been
very reliable. While we saw a sea of red and few reasons to be
bullish from the economic front, we do have the major indices and
the treasuries sitting at pivotal levels.  We also continue to
see a news driven market, as this afternoon's bounce on the oil
field news will attest. The breakdown from last week's
consolidation looks bearish and is supported by economic data.
However, we are trading in an unpredictable environment and any
U.S. victory or failure overseas can move the markets out of
whatever the trend happens to be at that moment. The CBOE
put/call ratio is at an extreme 1.31, which can be seen as a
bounce indicator, as well. Interestingly, though, the market
volatility index does not reflect a large increase in downside
fear.  We have conflicting signals at pivotal levels and while
things certainly look bearish for the moment, traders should be
nimble and manage their positions knowing how quickly things can
change.


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

Chiron Corp. - CHIR - close: 37.50 change: -0.85

WHAT TO WATCH: This biotech stock suffered a 2.2% decline on
Monday after shares fell through short-term support near $38.40.
The next challenge for the bears is the converging 21-day, 50-
day, and 200-day moving averages in the $37.10-$37.20 range.  If
that support region failed, CHIR would be in danger of retracing
its sharp rebound from $34.00.  Watch for a move below whole-
number support at $37.00 to confirm a breakdown.  Traders who
follow the biotech index will note that the BTK.X is also
approaching its 21-dma and 50-dma near 330.




---

Cytyc Corp. - CYTC - close: 13.05 change: -0.06

WHAT TO WATCH: The market's latest downward leg hasn't had much
of an impact on the healthcare sector.  Both the HMO.X health
provider index and RXH.X healthcare index actually moved to new
relative highs on Monday.  Meanwhile, the Dow and NASDAQ have
already given back a large portion of their mid-March gains.
Shares of Cytec, a manufacturer of medical diagnostic products,
are also trading neat multi-month highs.  On Friday the stock got
a boost after it popped above resistance at $13.00.  Shares moved
back below that level this morning but quickly bounced back.
What's particularly interesting about CYTC (in addition to its
relative strength) is the lack of overhead resistance.  There's a
large fast-move region that was created by the sell-off from the
$16-$17 region that occurred in June 2002.  Short-term traders
would probably want to target a test of bearish p-n-f resistance
at $15.00.  Confirm upside momentum with a break above Friday's
high of $13.54.


http://www.PremierInvestor.net/charts/chapsftrts.asp?symbol=CYTC

---

Diamonds - DIA - close: 79.82 change: -1.75

WHAT TO WATCH: Growing pessimism surrounding the war in Iraq made
it impossible for the market to maintain its huge mid-March
gains.  But now that the Dow has retraced roughly 50% of that
rally, could another upward leg be in the cards?   Today's failed
afternoon bounce suggests that won't be the case.  And from a
strictly technical perspective, bulls should be concerned about
the close below 8000.  That level coincides with the 21-day and
50-day moving averages.  A break under today's low ($79.38) might
yield a shorting opportunity in the Diamonds.  The Industrials
have been trending lower for the past week (check out the 10-
minute chart), so some traders might want to wait for a failed
rally near either 8050 or 8100.




---

Genzyme Corp. - GENZ - close: 36.45 change: -0.10

WHAT WATCH: GENZ is another possible play in the biotech group -
but this is one for the bulls to watch.  The stock only suffered
a fractional loss today while the BTK.X biotech index moved lower
by 2.2%.  The daily chart shows that GENZ, in sharp contrast to
the overall market, has done a good job of maintaining its mid-
March gains.  The $36.00 level has acted as a price magnet for
nearly two weeks.  Given the recent sideways consolidation, it's
easy to imagine how Genzyme could break out to new highs if the
BTK.X bounces from potential support at the converging 21-day and
50-day moving averages near 330.  The weekly chart shows no major
overhead resistance, and the point-and-figure chart is on a
triple-top buy signal.  Watch for a move above $38.00 to offer a
potential action point.




---

PeopleSoft - PSFT - close: 15.30 change: -0.34

WHAT TO WATCH: Weakness in PSFT has helped to push the GSO.X
below short-term support near 102 and the 200-dma at 101.18.  The
stock's recent tendency to underperform the sector was on display
on Monday as shares gave back 2.1%.  Bears will now be watching for
PSFT to fall below support at $15.00.  In addition to
creating a double-bottom sell signal on the point-and-figure
chart, a move below that level would also put the stock in a
large fast-move region that was created by the strong rebound
from $12.00 in October.  The recent bearish MACD crossover does
not bode well for another bounce from the $15.00 region.


http://www.PremierInvestor.net/charts/chapsftrts.asp?symbol=PSFT

---

Sanmina-SCI - SANM - close: 4.04 change: -0.29

WHAT TO WATCH: SANM traced an interesting chat pattern over the
past few months.  The stock has trended higher from its February
lows, with buyers consistently taking advantage of pullbacks to
the 100-dma.  On Monday SANM closed below that moving average
(currently located at $4.10), and also finished under the 50-dma
and 200-dma.  That's a sign of trouble for the bulls.  However,
the multi-week trend of higher lows in still intact, and shares
are holding above whole-number support at $4.00.  Using a stop
slightly below that level, aggressive traders could evaluate long
positions if SANM moves above $4.16, which provided intraday
resistance throughout today's session.


http://www.PremierInvestor.net/charts/chapsftrts.asp?symbol=SANM

---

Sony Corp. - SNE - close: 35.13 change: -1.63

WHAT TO WATCH: The U.S. Dollar (DX00Y) was hit with more selling
in the currency market today as foreign investors moved their
money into the Yen and Euro.  This shift has been going on for
more than a week, and it'll probably continue until there are
some clear indications that the war in Iraq will come to a swift
conclusion.  The declining dollar will pressure exporters such as
Toyota and Sony.  And with the Nikkei-225 getting slammed for a
3.7% loss overnight, Sony's U.S. ADR never had a chance.  The
stock is threatening to take out its relative low at $34.85.
Although some traders could use a break below that level as a
shorting opportunity, the 2001 lows at $32.80 might limit short-
term downside potential.  Instead, we'd like to see another
failed rally near the 21-dma ($36.78), just below the top of
Sony's multi-week regression channel.  A rollover from that
region would offer a better risk/reward setup.


http://www.PremierInvestor.net/charts/chapsftrts.asp?symbol=SNE

---

Zimmer Holdings - ZMH - close: 48.63 change: -0.83

WHAT TO WATCH: ZMH has been bouncing around in the $48-$50 range
without much regard to the broader market's recent downtrend.
Shares are consolidating a powerful rally from the $44 region,
which was sparked by Zimmer's March 14th upward earnings
guidance.  The daily stochastics (5,3,3) have had a chance to
work off some steam and are beginning to reverse from the mid-
level.  That's a sign that a breakout to new all-time highs could
be just around the corner.  Long entries can be targeted on a
move above $50.00.  And on a related note, shares of competitor
Stryker (SYK) are also trading in a narrow range just below their
all-time highs.


http://www.PremierInvestor.net/charts/chapsftrts.asp?symbol=ZMH


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

AT&T - T - close: 16.20 change: -0.58 stop: 17.36

Company Description:
AT&T is among the premier voice, video and data communications
companies in the world, serving businesses, consumers, and
government. The company runs the largest, most sophisticated
communications network in the U.S., backed by the research and
development capabilities of AT&T Labs. A leading supplier of
data, Internet and managed services for the public and private
sectors, AT&T offers outsourcing and consulting to large
businesses and government. (source: company press release)


- ORIGINAL WRITE UP: March 14th, 2003 -

Why We Like It:
As Albert Einstein once pointed out, opportunity can often be
found in the midst of great difficulty. That piece of wisdom
applies particularly well to the recent trading in BBOX. Shares
of the networking company lost roughly a third of their value on
March 12th after Black Box reduced its fourth-quarter earnings
expectations to 53-54 cents/share. Analysts, on average, had been
expecting an EPS result of 74 cents. Explaining the shortfall,
BBOX said "overcapacity in just about all vertical
markets...continues to have an impact on our business." They also
cited the continued war and terrorism concerns as reasons for the
weakness, but of course that could be said for the entire economy
in general. Investors were not pleased with these bearish
comments regarding IT demand. BBOX gapped from $39.14 to $26.78
on extremely high volume of 7.5 million shares. The stock
continued to decline and bottomed out at $25.58 during the
following session. Things were looking awfully bleak as BBOX fell
to multi-year lows, but the bears finally decided to call it
quits when they were confronted with Thursday's broader market
rally.

Although there have been no fresh news developments for Black Box
since last week's earnings warning, bargain-hunting and short
covering have pushed BBOX sharply higher over the past two
sessions. Obviously yesterday's market rally played a big factor
in those gains. Shares continued to trade strong on Tuesday and
outperformed the NASDAQ with a gain of 7.4%. That relative
strength is a positive sign for the bulls. Point-and-figure
chartists will also note that BBOX has reversed into a column of
"X." And while a case could be made for some consolidation of the
recent bounce from the $26.50 region, we feel the stock is poised
to continue higher as it fills in the March 12th gap. An entire
retracement of those losses would take BBOX to the $39-$40 area.
This might be a realistic goal for longer-term traders. Because
we have a shorter-term timeframe, our objective will be to
capture a rally to our official exit target at $34.94, just below
psychological resistance. The action trigger to enter this play
is set at $30.86. Should we be triggered, we'll use a stop-loss
at $28.69, five cents under today's low. Those looking for less
downside risk might want to use a stop slightly below $29.50,
which acted as a price magnet during the middle of today's
session.

- Last Update: March 28th, 2003 -

Not much to report for AT&T.  The stock continued to trade in a
tight range on Friday, with weakness in the Dow preventing shares
from making another run at resistance at $17.00.  All this
sideways action has created some coiling action on the 10-minute
chart.  For much of today's session shares moved with absolutely
no direction, bouncing back and forth between $16.70 and $16.80
like a ping-pong ball.  T showed some relative strength today
with a fractional pullback, but that could change if further
market weakness drags the stock out of its rangebound pattern.
Conservative traders can continue to use a stop just above
$17.03.  We are not recommending that traders enter new short
positions at this time.

- Play-of-the-Day Comments: March 31st, 2003 -

Well what do you know?!  AT&T finally broke out of last week's
trading range - and in the direction we had hoped it would.
Shares of the telecom giant were hit with selling immediately
after the opening bell as T made a beeline towards last Monday's
low of $16.31.  Bargain-hunters moved in near that level, only to
see the stock fail on two occasions to move though the $16.50-
$16.55 region.  The final hour of trading saw T join the Dow
Jones in a late-session sell-off.  Shares finished just off the
lows of the day and posted a loss of 3.4%, clearly
underperforming the Industrials.  The Dow is looking technically
weak after closing below 8000.  Further weakness would provide an
ideal climate for AT&T bears.  We're also pleased with the
downturn in the stock's daily stochastics (5,3,3), and the
rolling MACD.  Aggressive traders can target new short entries if
T continues to decline from current levels.  Those looking for
downside confirmation should wait for shares to move under the
relative low of $15.75.

Picked on March 21st at $16.48
Results since picked:    +0.28
Earnings Date         04/24/03 (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

For more information on advertising in PremierInvestor.net
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 03-31-2003
                                                   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
=================================================================

Stock Bottom / Active Trader
  Triggered Plays:  ALK (bearish)

Trading Ideas
  Value Plays With Bullish Signals
  Breakout to Upside (Stocks $5 to $20)
  Breakout to Upside (Stocks over $20)
  Breakout to Downside (Stocks over $20)
  Recently Overbought With Bearish Signals (Stocks over $20)



==================================================================
Stock Bottom / Active Trader (AT) section
==================================================================

===============
AT Play Updates
===============

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

Alaska Air Group - ALK - close: 15.66 change: -0.32 stop: 16.69

ALK gapped lower this morning, amid speculation that AMR would be
headed for Chapter 11 bankruptcy if its talks with labor
representatives failed to produce a deal.  Our short play was
activated at the opening price of $15.58.  Shares languished
under $15.50 until 2:00 EST, when AMR announced that it had come
to a tentative agreement with its mechanics' union.  This
development increases the chances that the company will be able
to avoid a bankruptcy filing.  The improving sector sentiment
lifted ALK back to its short-term trend of lower highs.  Tomorrow
we'll be looking for shares to roll over from that trend and move
under today's low of $15.28.  New entries could be targeted on a
break below that level.  Our stop for this play is set at $16.69.





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

CVH     Coventry Health Care       32.90     +0.83
ATH     Anthem Inc                 66.25     +1.30

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

DIGE    Digene Corp                16.54     +1.02

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

ACL     Alcon Inc                  41.02     +1.26
ODFL    Old Dominion Freight       31.50     +1.48

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

MERQ    Mercury Interactive Corp   29.68     -1.95
EBAY    eBay Inc                   85.31     -3.98
LTR     Loews Corp                 39.84     -1.41
RJR     RJ Reynolds                32.26     -1.75
FISV    Fiserv Inc                 31.48     -1.11
NYT     New York Times             43.15     -1.07
SNE     Sony Corp                  35.13     -1.63
KB      Kookmin Bank               23.00     -1.90

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

ABT     Abbott Labs                37.61     -0.60
CELG    Celgene Corp               26.08     -1.02
RYAAY   Ryanair Holdings           41.64     -1.32
CTAC    1-800 Contacts             20.25     -0.79
SI      Siemens Aktkien            41.14     -1.14




=================================================================
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 2003  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