PremierInvestor.net Newsletter Tuesday 07-22-2003 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: Uday and Qusay Day Watch List: HAS, OIIM, IGT, FDRY and more! Market Sentiment: News and Charts ================================================================= MARKET WRAP (view in courier font for table alignment) ================================================================= 07-22-2003 High Low Volume Advance/Decline DJIA 9158.45 + 61.80 9174.42 9037.30 1.75 bln 1842/1386 NASDAQ 1706.10 + 24.70 1710.34 1686.15 1.72 bln 2071/1126 S&P 100 497.64 + 4.84 498.64 491.63 Totals 3913/2512 S&P 500 988.11 + 9.31 990.29 976.08 W5000 9503.48 + 89.90 9515.37 9391.00 RUS 2000 464.00 + 6.83 464.00 457.17 DJ TRANS 2576.37 + 3.80 2579.51 2558.29 VIX 20.98 - 1.14 22.38 20.96 VXN 32.45 - 0.62 33.58 32.28 Total Volume 3,740M Total UpVol 2,723M Total DnVol 938M 52wk Highs 281 52wk Lows 35 TRIN 0.50 PUT/CALL 0.79 ================================================================= =========== Market Wrap =========== Uday and Qusay Day They would probably not appreciate the +100 point Dow bounce on news of their death. Actually it was more important than that. The Dow was headed for a retest of support at 9000 with the morning low already 9037. Once the announcement hit the airwaves the market turned 180 degrees and rallied to close well over 9100 once again. It was a spectacular recovery that lasted into the close. But then tomorrow is another day. Dow Chart Nasdaq Chart S&P Chart The only economic report today was the weekly Retail Sales which came in at +0.3% on warmer and drier weather. Seasonal summer merchandise is reportedly selling well and relieving concerns for the retailers. The tax credit checks are due out this week so retailers should continue to see a pickup in sales. This was the third consecutive weekly gain. The major news moving the markets today, at least prior to the Iraq news, was a very mixed bag of earnings. NVLS surprised the street on Monday night with an upbeat outlook and decent earnings. The company said there was a "potential" for a sustained upturn. They warned that a delay in some orders for Japan would cause revenue recognition problems for the next quarter but it was only a single incident. NVLS was up +1.76 on the news. UPS beat the street on the strength of its international business but cautioned that it was due to past investments paying off not an due to economic growth. They also said the only pickup in U.S. volume was in financial document delivery for mortgage refinancing while manufacturers showed little sign of a turnaround. The UPS spokesman said "throughout the second quarter we did not see much pickup in business from the economy." The general commentary was "no recovery yet." UPS lost -56 cents. TXN gained +1.37 after saying the SARS fade and new models were helping them avoid the problems of other communication chip makers. TI is about to go head to head with QCOM on the CDMA front and they appear to be prime to profit from the competition. TXN beat estimates by a penny. Lehman raise its rating on AMAT, NVLS and LRCX, which also helped the semiconductor sector. After the bell today there was another flood of earnings: AMZN est +0.06 actual +0.10 beat, raised guidance AMGN est +0.46 actual +0.49 beat BRCM est +0.09 actual +0.10 beat ABGX est -0.38 actual -0.76 includes charges SEBL est +0.02 actual +0.02 ATVI est +0.00 actual +0.04 beat SUNW est +0.02 actual +0.01 miss BSX est +0.30 actual +0.27 miss CPWR est +0.01 actual +0.06 beat INVN est +0.67 actual +0.61 miss STK est +0.24 actual +0.27 beat MXO est +0.08 actual +0.03 miss MANH est +0.21 actual +0.21 CAKE est +0.30 actual +0.30 DCLK est +0.01 actual +0.04 beat ASKJ est +0.07 actual +0.10 beat, raised guidance CYMI est -0.20 actual -0.15 beat LLTC est +0.20 actual +0.21 WBSN est +0.18 actual +0.18 EFII est +0.15 actual +0.15 TRMS est -0.89 actual -0.84 miss VTSS est -0.04 actual -0.04 BZH est +2.85 actual +3.01 beat RYL est +1.80 actual +2.03 beat ARBA est +0.00 actual -0.01 miss WLP est +1.39 actual +1.49 beat COHR est -0.03 actual -0.01 beat One of the biggest announcements came from AMZN which beat the street with ten cents compared to estimates of only six cents. The stock soared +$2 in after hours after AMZN raised estimates for the full year to as much as $5.1 billion and well over the $4.8 billion analysts had forecast. They did make about $54 million on currency translations, which enabled AMZN to post a +$42 million profit. Think about it. The stock was beginning to fade as the after hours session ended so maybe some others were reading between the lines as well. The Internet is where it is at if you believe the earnings so far. ASKJ also beat estimates and raised guidance. They joined YHOO, AMZN, DCLK and others in the limelight. You could list all the Internet stocks on your fingers and have trouble filling both hands but the survivors appear healthy. SUNW was the disappointment for the day as they missed both earnings and revenue. Revenue fell for the ninth consecutive quarter for SUNW. Scott McNealy said they were looking at a pretty tough year. Gross margins were up to 43.7% due to aggressive cost cutting but the CFO said they would fall in future quarters due to aggressive pricing and smaller margins in its services business. SUNW dropped about 50 cents in after hours to $4.31. SUNW does not provide guidance but the comments by SUNW personnel did not give traders a warm fuzzy feeling. SEBL announced earnings that were inline with estimates at two cents and said they were going to cut 490 more jobs in the current quarter. SEBL warned on July-3rd and the tone remained the same. They said they were seeing no signs of a recovery and were faced with growing competition for reduced technology budgets. The CEO said "the market is quite soft" when discussing business conditions on the conference call. SEBL warned that Q3 earnings could come in at the low end of analysts estimates. It was a mixed bag with cyclical companies like MMM, UTX, IR and DE posting strong gains and drugs and tech stocks showing weakness despite the Iraq rally. Oil companies were up despite the -5% drop in oil prices on the Iraq news. Crude is back down in the $30 range after hovering in the $32 area for the last week. Tomorrow will be a strange day with no economic reports but probably a strong reaction to the Iraq news in the overseas markets. They are likely to open up strongly and with the confirmation of the death and positive ID they should stay up. That sets the stage for a positive open for us in the morning but that may be it. While there are no economic reports there is a Fed head speaking that will have everybody glued to the TV. Ben, printing press, Bernanke, will be speaking late in the morning and the markets are likely to go into suspended animation when it starts. Ben is not likely to say anything negative about the economy but his speech will be dissected for hints of future Fed action. He is a strong proponent of aggressive Fed action and traders will be hoping for a sign of coming events. Bargain hunters took heart in the apparent holding of support by the S&P at the 50 DMA at 975. This is critical support and it has been tested for two consecutive days. While the bulls may have been encouraged by the days action there was a good possibility it was only short covering in the face of unexpected news. The futures have rallied back to the day's highs in the Globex session but are having trouble breaking those levels at 989. Should the markets open up on gains in Europe as expected they will run smack into resistance at Dow 9200, S&P 1000 and that has been very strong resistance. Unless I missed something in the earnings news tonight we are no closer to a recovery than we were this morning but we are +125 Dow points higher than we were at 10:30. We have been seeing some distribution patterns that are disturbing. Today we saw a strong bounce on light volume but the internals were weak. Over the last week the down days have seen stronger volume with patterns that are typical of institutional distribution. That means funds are selling stocks instead of buying it. Trimtabs.com reported fund inflow rose to +$2.9 billion in the week ended July-16th but that could be the last drop from the faucet. That is typically when the retirement funds cease to flow for another quarter and fund companies go onto life support. With the worst three months of the year ahead and withdrawals beating contributions they have to plug the holes and start bailing to keep the boat afloat. They do this by scaling down positions and dumping weak performers to raise cash. There is plenty of cash available according to Charles Schwab. Their weekly report said there was nearly $4 trillion in money markets, CDs and savings accounts that could be put into stocks if conditions improved. In reality that is the key. We are not seeing the economic explosion that would draw that money off the sidelines. There is a glimmer of hope but it is just a glimmer. It may be enough to continue to power these weekly rallies but it does not appear to be enough to sustain them. Once the news of the Iraqi aces passes we will be back to business as usual and that means economic worry once again. This is a very light economic week but another one-third of the S&P is reporting earnings. Their guidance will be the economic news for the week. Will investors listen to SUNW and SEBL or AMZN and ASKJ? Earnings are like a box of chocolates. You never know what you are going to get or how investors are going to react to the taste. Keep those stops tight. Enter Very Passively, Exit Very Aggressively! Jim Brown ================================================================== 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 --------------------------------- Hasbro, Inc. - HAS - close: 18.21 change: +0.42 WHAT TO WATCH: Capping off an impressive rally from the $12 level in early March, HAS delivered what investors were hoping for in its earnings release yesterday and the stock shot higher again on Tuesday. There's some solid resistance near $18.50 from the early July highs, and then HAS looks good to make a run towards $20. --- O2Micro International - OIIM - close: 16.95 change: +0.44 WHAT TO WATCH: After a steady rally from the $8 level in early March, shares of OIIM pulled back with the rest of the Technology sector over the past couple weeks. But in a very convincing bullish show of conviction, the stock held support near $16 and we could be looking at the setup for a renewed assault on the recent highs near $18.60. The move will have to be fairly quick though, as the company is set to release its earnings results next Wednesday. --- International Game Technology - IGT - close: 26.23 change: +0.11 WHAT TO WATCH: After its 4-for-1 split, shares of IGT have held up very well, consolidating between $25-27 and it looks like it is time for another bullish run. Yesterday, Prudential commented that the Penn gaming bill could benefit the company could be just the catalyst to get this unstoppable stock moving north again. Look for entries near $25.75 and target an initial move to the $28 area. --- Fox Entertainment Group - FOX - close: 30.89 change: +1.12 WHAT TO WATCH: Breaking out to new highs, shares of FOX have finally scaled resistance at $30 for the first time since late 2000. A pullback to test that level as new support would make a solid entry for a rally into earnings on August 13th. --- =================== On the RADAR Screen =================== FDRY $17.16 - Definitely not for the faint of heart, FDRY is looking really solid after having pulled back from its recent highs near $18.50. In solid bullish fashion, the pullback found strong support near $16, which was solid resistance throughout the month of June. The caveat is that the company is set to release earnings after the close tomorrow. A post-earnings rally through the recent highs could have the stock breaking out to test the $21-22 resistance for a nice quick profitable move. Only very aggressive traders should consider playing before the earnings report. RCL $26.77 - Cruising anyone? In early July, shares of RCL blasted through major resistance near $24 and didn't look back until reaching $26. After a slight pullback to the 10-dma, the stock blasted off on Tuesday, gaining nearly 6% and earnings aren't set to be released until next Monday. Momentum traders may just be able to jump aboard for a quick surge to the $30 area. TRID $11.40 - And the breakouts just keep on coming! TRID has been churning around the $10 level for the past week and left it in the dust on Tuesday, with an 11% rally to close over $11 for the first time since 2000. Look for a pullback near $10 for an aggressive entry or momentum entries on a breakout over $12 to set the stage for a continued surge up towards major resistance at $14. =============================== Market Sentiment =============================== OptionInvestor.com - market sentiment – July 22nd 2003 ----------------------------------------------------------------- News and Charts Jonathan Levinson The capture of Saddam's sons was credited for the rises in the markets today. Unless these two were heavily shorting equity futures, it remains a mystery as to how or why this news swung such a large bid. Joe Granville once said that "News is for suckers," but it seems evident that those who ignored it today were the ones being played, as the indices visited yesterday's highs contemporaneously with the wire release. It's impossible to predict news, and so if news isn't for suckers, then it adds an element of chance that traders should seek to avoid. Obviously, stop losses are the rule. But what really happened today? We saw last night that some of the shorter term oscillators were oversold and on buy signals. The overnight futures session saw rises that coincided with these cycle up- phases. However, when cash session opened, the opening move to the lows put in a double bottom with yesterday's lows, and drove the intraday oscillators rapidly back to oversold. The chart conditions were susceptible to a bounce, and we had ceased to see the same rapid-fire selling that characterized yesterday's session. While the news was unpredictable, the susceptibility in the charts was not. At this point, attentive traders were tightening their stops, going flat, or trying on cautious longs. While none can predict the future, the charts can tell us when the enthusiasm of sellers or buyers is becoming extended, and it's at that point that we must be attentive to surprises such as we saw today. ----------------------------------------------------------------- Market Averages DJIA ($INDU) 52-week High: 9353 52-week Low : 7197 Current : 9158 Moving Averages: (Simple) 10-dma: 9120 50-dma: 8984 200-dma: 8466 S&P 500 ($SPX) 52-week High: 1015 52-week Low : 768 Current : 988 Moving Averages: (Simple) 10-dma: 992 50-dma: 976 200-dma: 903 Nasdaq-100 ($NDX) 52-week High: 1316 52-week Low : 795 Current : 1257 Moving Averages: (Simple) 10-dma: 1274 50-dma: 1212 200-dma: 1071 ----------------------------------------------------------------- As expected the stronger market averages produced a decline in the volatility indices. Or as they used to be known by the "fear" index. We can say one thing. From the current levels in the VIX and VXN there is no fear in the market and that's usually a sign of a top. Of course we've been under the shadow of this signal for three months now. Maybe another rally higher will be just what the witch doctor, I mean VIX doctor ordered (and push these to new lows). CBOE Market Volatility Index (VIX) = 20.98 -1.14 Nasdaq-100 Volatility Index (VXN) = 32.45 -0.62 ----------------------------------------------------------------- Put/Call Ratio Call Volume Put Volume Total 0.79 585,693 465,188 Equity Only 0.74 472,294 353,776 OEX 0.70 25,026 17,535 QQQ 3.49 34,959 122,120 ----------------------------------------------------------------- Bullish Percent Data Current Change Status NYSE 71.8 + 0 Bull Confirmed NASDAQ-100 78.0 - 3 Bull Confirmed Dow Indust. 83.3 + 0 Bull Confirmed S&P 500 76.0 - 1 Bull Confirmed S&P 100 83.0 + 1 Bull Confirmed Bullish percent measures the number of stocks in an index currently trading on a buy signal on their point and figure chart. Readings above 70 are considered overbought, and readings below 30 are considered oversold. Bull Confirmed - Aggressively long Bull Alert - Cautiously long Bull Correction - Pause or pullback in upward trend Bear Alert - Take defensive action if long Bear Confirmed - High risk if long, good conditions for shorting Bear Correction - Pause or rebound in downtrend ----------------------------------------------------------------- 5-Day Arms Index 0.92 10-Day Arms Index 0.87 21-Day Arms Index 1.13 55-Day Arms Index 1.12 Extreme readings above 1.5 are bullish, and readings below .85 are bearish. These signals don't occur often and tend be early, but when they do, they can signal significant market turning points. ----------------------------------------------------------------- Market Internals -NYSE- -NASDAQ- Advancers 1686 2012 Decliners 1171 1026 New Highs 89 136 New Lows 26 12 Up Volume 1275M 1247M Down Vol. 417M 463M Total Vol. 1741M 1725M M = millions ----------------------------------------------------------------- Commitments Of Traders Report: 07/15/03 Weekly COT report discloses positions held by small specs and commercial traders of index futures contracts at the Chicago Mercantile Exchange and Chicago Board of Trade. COT data can be found at www.cftc.gov. Small specs are the general trading public with commercials being financial institutions. Commercials are historically on the correct side of future trend changes while small specs tend to be wrong. S&P 500 COMMENTARY Commercials Long Short Net % Of OI 06/24/03 405,382 447,526 (42,144) (4.9%) 07/01/03 415,976 453,005 (37,029) (4.3%) 07/08/03 415,053 453,720 (38,667) (4.5%) 07/15/03 414,020 453,033 (39,013) (4.5%) Most bearish reading of the year: (111,956) - 3/06/02 Most bullish reading of the year: 18,486 - 6/17/03 Small Traders Long Short Net % of OI 06/24/03 159,405 85,182 74,223 30.3% 07/01/03 150,232 75,937 74,295 32.8% 07/08/03 152,239 74,749 77,490 34.2% 07/15/03 148,716 70,279 78,437 35.8% Most bearish reading of the year: (1,657)- 5/27/03 Most bullish reading of the year: 114,510 - 3/26/02 E-MINI S&P 500 COMMENTARY Commercials Long Short Net % Of OI 06/24/03 150,208 201,724 (51,516) (14.6%) 07/01/03 175,893 216,993 (41,100) (10.5%) 07/08/03 192,815 224,124 (31,309) ( 7.5%) 07/15/03 214,274 218,765 ( 4,491) ( 1.0%) Most bearish reading of the year: (354,835) - 06/17/03 Most bullish reading of the year: ( 4,491) - 07/15/03 Small Traders Long Short Net % of OI 06/24/03 84,081 44,347 39,734 30.9% 07/01/03 57,639 67,449 (9,810) (7.8%) 07/08/03 56,394 72,090 (15,696) (12.2%) 07/15/03 45,372 54,654 (9,282) (9.3%) Most bearish reading of the year: (15,696) - 07/08/03 Most bullish reading of the year: 449,310 - 06/10/03 NASDAQ-100 COMMENTARY Commercials Long Short Net % of OI 06/24/03 28,780 47,425 (18,645) (24.4%) 07/01/03 28,662 48,265 (19,603) (25.5%) 07/08/03 30,489 48,311 (17,822) (22.6%) 07/15/03 28,467 49,154 (20,687) (26.7%) Most bearish reading of the year: (20,687) - 07/15/03 Most bullish reading of the year: 9,068 - 06/11/02 Small Traders Long Short Net % of OI 06/24/03 24,519 7,064 17,455 55.3% 07/01/03 26,777 8,498 18,279 51.8% 07/08/03 26,136 9,035 17,101 48.6% 07/15/03 26,489 8,004 18,485 53.6% Most bearish reading of the year: (10,769) - 06/11/02 Most bullish reading of the year: 19,088 - 01/21/02 DOW JONES INDUSTRIAL COMMENTARY Commercials Long Short Net % of OI 06/24/03 19,373 11,565 7,808 25.2% 07/01/03 20,504 11,871 8,633 26.7% 07/08/03 20,752 11,860 8,892 27.3% 07/15/03 21,607 7,855 13,752 46.7% Most bearish reading of the year: (8,322) - 1/16/01 Most bullish reading of the year: 15,135 - 10/16/01 Small Traders Long Short Net % of OI 06/24/03 5,950 7,442 (1,492) (11.1%) 07/01/03 5,799 6,822 (1,023) ( 8.1%) 07/08/03 5,005 8,093 (3,088) (23.6%) 07/15/03 5,475 9,717 (4,242) (27.9%) Most bearish reading of the year: (8,777) - 10/12/01 Most bullish reading of the year: 1,909 - 1/16/01 ----------------------------------------------------------------- ================================================================= 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 Tuesday 07-22-2003 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 ================================================================= Play of the Day: Ready For Takeoff 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) ================================================================= Play-of-the-Day (bullish) =============== BEA Systems - BEAS - close: 12.93 change: +0.28 stop: 11.65*new* Company Description: BEA Systems is an application infrastructure software provider. The company's WebLogic Enterprise Platform includes BEA WebLogic Server, a standards-based application server that serves as a platform for deployment and integration of enterprise-scale application and Web services, BEA WebLogic Integration, a standards-based platform for workflow, application integration, Web services and B2B integration, BEA WebLogic Portal, a sophisticated rules-based infrastructure for rich user interfaces to a wide variety of enterprise data, and BEA WebLogic Workshop, an easy-to-use framework for development and deployment of Web services and Java-based applications. Why we like it: After nearly tripling in price from its October low to the January high, shares of BEAS fell back to begin a process of consolidation beginning in early March. Since then, the stock has been vacillating between $9 and $12, with each of the dips finding buying support at a slightly higher level. This pattern of higher lows has corresponded nicely with the rising 200-dma and as you can see on the chart below, the stock has been tracing out a solid bullish wedge . Resistance on that pattern could be drawn anywhere between $11.90-12.35, but we think the key resistance was $12.00, as until a couple weeks ago, BEAS had been unable to sustain any move over that level. Surging higher in early July, the stock finally managed a couple closes above that level, but the breakout wasn't yet complete, with a subsequent pullback to just above $11. This differed from all the prior pullbacks in this consolidation pattern, as BEAS found support above the 20- dma, rather than below it. The stock had already begun another rebound when it really got goosed to the upside by a pre-open upgrade to Buy from Merrill Lynch on Wednesday. That was enough for a strong gap up at the open, which had the stock trading as high as $13.27. The trade at $2.50 was enough for a new P&F Buy signal, and trading $13.00 was enough to remove the possibility of a bull trap with a two-box breakout. The stock sold off hard on Friday morning on no news, falling all the way to $12.14 before finding support just above the 10-dma ($12.10) and then rebounding strongly into the close. That intraday drop and subsequent rebound looks close enough to a gap fill for our purposes and now the bulls can set their sights on next resistance at $14. While that level is likely to present some mild resistance, we think the stock is heading higher and we're setting our goal for the play at $16, near the March 2002 highs. With earnings nearly a month away (8/13), we've got plenty of time to pick our entry point wisely and then let the expected rally play out in our favor. Another intraday dip near the 10-dma looks like a favorable entry point, with support looking solid at this prior resistance level. Aggressive traders can certainly consider entering on a breakout above $13.30, but our primary concern with this approach is that is above the upper Bollinger band and such a breakout will likely be unsustainable without at least a minor pullback first. We're setting our stop initially at $11.50, just below the 20-dma ($11.52), but more conservative traders may want to use a slightly tighter stop at $11.95, just below the key $12 support level. Why This is our Play of the Day Switching gears again on Tuesday, the NASDAQ was the stronger area of the market, and our BEAS play certainly benefited, gaining more than 2.2% by the closing bell and once again nearing its highs of last week. While it was a bit disheartening to see the bulls unable to keep price over $13 heading into the close, we certainly can't complain about the way the stock (almost) filled its gap on Friday and then rebounded from the 10-dma (now at $12.35). Successive dips and rebounds from above the 10-dma still look good for new entries, while more aggressive traders can look to enter on a breakout over $13.30 (just above last week's intraday high) enroute to a test of solid $14 resistance. There's still plenty of time until the company reports earnings on August 14th, and we're still targeting a pre-earnings move towards the $16 level, which should be very strong resistance. Note that we've slightly raised our stop to $11.65, keeping it just below the rising 20-dma (now at $11.69). Annotated Chart of BEAS: Picked on July 20th at $12.79 Change since picked +0.14 Earnings Date 8/14/03 (confirmed) Average Daily Volume = 11.0 mln ================== 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 DEO Diageo Plc (ADS) 42.21 +0.69 OKE Oneok Inc 21.21 +0.53 SLGN Silgan Holdings 28.72 +0.64 --------------------------------------- Breakout to Upside (Stocks $5 to $20) --------------------------------------- AMTD Ameritrade Holding 9.42 +1.17 TNL Technitrol Inc 17.97 +2.69 NCI Navigant Consulting Inc 12.90 +1.58 SMMX Symyx Technologies 19.20 +2.87 HELX Helix Technology 16.42 +2.45 JDAS JDA Software 13.98 +1.58 --------------------------------------- Breakout to Upside (Stocks over $20) --------------------------------------- MMM 3M Company 137.65 +1.30 WB Wachovia Corp 44.15 +1.20 LMT Lockheed Martin 53.40 +1.10 CCL Carnival Corp 32.85 +1.01 ACL Alcon Inc 49.66 +2.42 S Sears Roebuck 40.00 +1.20 RCL Royal Caribbean Cruises 26.77 +1.47 ------------------------------------------- Breakout to Downside (Stocks over $20) ------------------------------------------- MRK Merck & Co 57.81 -2.01 FNM Fannie Mae 64.04 -1.28 DGX Quest Diagnostic 59.56 -4.87 QLGC QLogic Corp 45.36 -1.84 BER W.R. Berkley 48.35 -1.17 FAF First American Corp 23.36 -1.25 ----------------------------------------- Recently Overbought With Bearish Signals (Stocks over $20) ------------------------------------------- APOL Apollo Group 60.66 -1.32 LFG LandAmerica Financial 47.99 -1.21 HTCH Hutchinson Technology 32.14 -1.68 PDX Pediatrix Medical 39.35 -0.33 ================================================================= 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.
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