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Daily Newsletter, Wednesday, 08/27/2003

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PremierInvestor.net Newsletter                Wednesday 08-27-2003
                                                    section 1 of 2
Copyright (c) 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:      Technology Crawls Higher

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)

=================================================================
MARKET WRAP  (view in courier font for table alignment)
=================================================================
     08-27-2003            High     Low     Volume Advance/Decline
DJIA     9333.79 -  6.66  9346.98  9306.49 1.28 bln    797/ 976
NASDAQ   1782.13 + 11.48  1783.12  1764.63 1.34 bln    447/ 316
S&P 100   498.73 +  1.07   500.02   492.75   Totals   1244/1292
S&P 500   996.79 +  0.06   998.05   993.33
RUS 2000  490.92 +  4.41   491.44   485.91
DJ TRANS 2632.63 -  4.07  2637.37  2622.90
VIX        20.34 +  0.01    21.07    20.28
VXN        30.05 +  0.71    31.52    29.41
Total Volume 2,794M
Total UpVol  1,902M
Total DnVol    824M
52wk Highs     368
52wk Lows       49
TRIN          0.92
PUT/CALL      1.08
=================================================================

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


Technology Crawls Higher
by James Brown

It was a lethargic day on Wall Street.  Major market indices
barely budged.  A lack of economic reports today and potential
apprehension for the reports coming out tomorrow and Friday could
have put investors on the defensive.  Of course that's assuming
there were any investors paying attention with so many financial
professionals on vacation.  Volume continues to be light on Wall
Street and it's only going to get lighter as we approaching the
Labor Holiday weekend.

Financials seemed to feel the brunt of the selling but the damage
was meager for the BIX and BKX indices.  Tech stocks took the
opportunity to inch higher fueled by a round of upgrades for the
semiconductor sector.  The SOX index lead the way with a 2.95%
gain closing just under 450.  Bear Stearns, Lehman Brothers and
Harris Nesbitt Gerard all upgraded specific chip stocks.
Following the SOX higher was the DDX disk drive index, GHA
hardware index, NWX networking index, GSO software index and even
the INX Internet index.

The Dow Jones Industrial Average was nearly split down the middle
with 13 winners and 16 losers led lower by SBC Communications,
Johnson and Johnson and 3M.  The $INDU closed down less than 7
points near 9333.  Meanwhile the NASDAQ Composite inched higher
to close up about eleven and a half points at 1782.  The S&P 500
remains almost unchanged at 996.  Not helping the mood of the
markets were small losses across the Pacific in the Asian
exchanges but these were countered by small gains in their
European counterparts.

Market internals reflected a slightly different story with
advancing issues outpacing decliners by 16 to 11 on the NYSE and
18 to 11 on the NASDAQ.  New highs were growing again with 271
swallowing the 16 new lows between the two exchanges.  Up volume
bested down volume as well, indicating that despite recent
statements from Wall Street pundits, the path of least resistance
may be up.  Optimists will note that we continue to see money
move into small caps as the Russell 2000 index added another five
points on top of its recent rebound.

Chart of the Dow Jones Industrial Average:


Chart of the NASDAQ Composite:


It certainly felt like the market was asleep but technology bulls
took advantage of the slumbering bears to drive all of the tech-
related indices higher.  Other indices making gains were the DFI
defense index and the RLX retail index.  Last night Sears came
out with positive comments saying August sales were doing better
than expected.  Plus traders saw Dollar Tree (DLTR) add almost
four percent after beating earnings estimates and raising
guidance.  However, probably the most impressive gain was the XAU
gold & silver index.  The XAU added 4.3 percent to close at
91.34.  Aside from some intraday highs in September of 1999,
today is the best closing high since April of 1998.  If the XAU
can close above 93.50 it will be the best close since October of
1997.

With the markets in a lull before the holiday and the end of week
economic reports financial media turned their spotlight on
Richard Grasso, Chairman of the New York Stock Exchange.  Grasso
has been with the company for 36 years and just signed a new
agreement to extend his contract by two more years to 2007 paying
him a base salary of $1.4 million and an annual bonus of at least
$1 million.  No one argues that he is richly paid but what
shocked and alarmed some investors and industry professionals was
the $140 million that the NYSE just paid Grasso.  The exchange
said the $140 million was Grasso's accrued savings, retirement
benefits and incentive awards.  I imagine there are plenty of
people in line to interview for that job when he decides to
retire.

Traders need to be careful as we endure Thursday and Friday's
sessions.  Tomorrow, before the bell, will be the weekly
unemployment claims.  Wall Street is looking for a slight
increase to 390,000 and hopes if there is an upside surprise it
remains below the 400,000 mark.  We'll also get the Q2 GDP
numbers.  Actually, it's just the revision of the Q2 GDP numbers,
which came in at +2.4%.  That was a lot higher than the +1.4%
expectation.  There appears to be some disagreement on whether
the revision will be up or down.  Tomorrow will also reveal the
latest help wanted index readings.  Friday, if anyone is still
paying attention and not packing the car for a weekend getaway,
will produce the Personal Income and Spending numbers before the
opening bell. During Friday's session we'll hear the Michigan
Sentiment report and the Chicago PMI index result.

There are not a lot of reasons to be buying stocks ahead of the
weekend when most investors will be waiting to hear from these
various economic reports.  Trade carefully.


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

PBR     Petroleo Brasileiro  SA    21.48     +0.68
HRB     H&R Block Inc              43.15     +1.41
WEN     Wendy's International Inc  31.33     +1.84
BVN     Compania De Minas Buena    38.42     +1.87
BTH     Blyth Inc                  27.92     +0.74
OSG     Overseas Shipholding Group 24.95     +0.77
DCEL    Dobson Communications A     8.19     +0.81
OPSW    Opsware Inc                 6.46     +0.60
JASA    Jo-Ann Stores Inc          29.98     +1.00
IPSU    Imperial Sugar Company     11.00     +0.99


---------------------------------------
Breakout to Upside (Stocks $5 to $20)
---------------------------------------

PMCS    PMC-Sierra Inc             14.05     +1.09
CY      Cypress Semiconductor      18.13     +1.39
FCS     Fairchild Semiconductor    16.97     +2.01
CMNT    Computer Network Tech       7.60     +1.02
FARO    FARO Technologies Inc      11.88     +1.72
CFI     CULP Inc                    8.28     +1.28


---------------------------------------
Breakout to Upside (Stocks over $20)
---------------------------------------

QCOM    Qualcomm Inc               41.00     +1.40
CL      Colgate-Palmolive Co       55.35     +1.44
ITU     Banco Itau S A (ADR)       38.79     +2.07
RSH     Radioshack Corp            29.09     +1.13
DLTR    Dollar Tree Stores Inc     38.70     +1.47
HAR     Harman International Ind   93.63     +2.38
LF      Leapfrog Enterprises Inc   36.95     +2.60


-------------------------------------------
Breakout to Downside (Stocks over $20)
-------------------------------------------

CAH     Cardinal Health Inc        56.72     -1.03
APOL    Apollo Group Inc CI A      60.52     -1.31
ABC     Amerisouthbergen Corp      56.20     -1.45
STRA    Strayer Education Inc      92.85     -2.33
HUG     Hughes Supply Inc          36.81     -1.97



-----------------------------------------
Recently Overbought With Bearish Signals (Stocks over $20)
-------------------------------------------

None



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

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

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

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Copyright (c) 2003 PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form
PremierInvestor.net Newsletter                Wednesday 08-27-2003
                                                    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
=================================================================

Tech Stocks
  Bullish Play Updates:  COHU

Active Trader (Non-tech)
  New Bullish Plays:     WPI
  New Bearish Plays:     STJ
  Bullish Play Updates:  GOLD
  Bearish Play Updates:  ABC, C
  Closed Bearish Plays:  HCA

High Risk/Reward
  New Bullish Plays:     QCOM
  Bullish Play Updates:  TWR

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

============
PLAY UPDATES
============

  --------------------
  Bullish Play Updates
  --------------------


Cohu, Inc. - COHU - close: 21.45  change: +0.38 - stop: 19.49

All week, firms have been upgrading semi-related stocks.  Monday
Soundview raised its total on many techs, focusing on semi and
semi-related companies.  Wednesday, Bear Stearns and Lehman added
a few.  While we didn't find COHU mentioned among those stocks,
we hope that this semi-equipment maker will benefit from the
upgrades, too.

Earlier in the week, that didn't appear to be the case.  COHU
retreated below the ascending trendline that had been capping its
movements for more than a year, a trendline that also marked the
neckline of its inverse H&S formation.  COHU found support at
$21.00, however, and began climbing again, today closing either
on that trendline or a little above it, depending on how thickly
the trendline is drawn.  RSI cups back up again and MACD remains
strong.  We think COHU may have some backing and filling to do
yet, but we do like the way that the 10- and 21-dma's rise
quickly.  Once they rise beneath the price to provide support, we
hope to see COHU move up again and trigger our play.

Annotated Chart for COHU:


Picked on Aug 24 at  21.80
Change since picked: -0.35
Earnings Date:    07/26/03 (confirmed)
Average Daily Volume:  154 thousand





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

=========
NEW PLAYS
=========

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

Watson Pharma. - WPI - close: 40.74  change: +1.05 - stop: 38.69

Company Description:
Watson Pharmaceuticals, Inc., headquartered in Corona, CA, is a
leading specialty pharmaceutical company that develops,
manufactures, markets and distributes branded and generic
pharmaceutical products. Watson pursues a growth strategy
combining internal product development, strategic alliances and
collaborations and synergistic acquisitions of products and
businesses.  (Source:  Company Press Release.)

Why We Like It:
WPI's earnings release was initially met with selling.  After the
selling was done, investors focused on WPI's increased sales
rather than the earnings, brought lower by comparisons that
included a year-ago gain from a legal settlement.  The last
several weeks, WPI announced several developments concerning new
generic drugs in its pipeline.  Together with Mylan Laboratories,
WPI gained FDA acceptance for the resubmission of a new drug
application for an antidepressant patch, and also asked the FDA
to approve a copycat form of PFE's Glucotrol XL tablet for adult-
onset diabetes.  A competitor, ADRX, has already gained tentative
approval for its generic form of the drug.

When we turned to WPI's chart, we noticed interesting
developments there, too.  WPI had been trading in a descending
channel since retreating from its June high, but this week, it
found support at its grouped 10-, 21-, and 50-dma's.  Wednesday,
it sprang above the top of the regression channel and also moved
and closed above $40.00, a key psychological level.   We think
it's ready to challenge that June high again and perhaps move up
to $46.00.  Wednesday's slightly higher-than-average daily volume
encouraged us, too, because volume tended to be anemic across the
markets.  WPI's 2.65 percent gain also topped the 0.12 percent
rise of the $DRG, the Pharmaceutical Index.

We note that stochastics and RSI appear bullish, and that MACD is
pushing above zero again after a brief sojourn below that level.
We're setting our stop at $38.69, just beneath those grouped
moving averages and last week's consolidation.  WPI did push up
against its upper Bollinger band (not shown) in Wednesday's
trading, a Bollinger band that has not yet turned up, so it's
possible that the price could retreat back to test the top of
that regression channel again before it resumes climbing.
Entries could be taken at the current price or at a pullback and
bounce anywhere above $39.75.

One caution arises when studying the P&F chart.  WPI's recent
retreat created a double bottom breakdown P&F sell signal and the
stock remains beneath its bearish resistance line, now just ahead
at $42.00.  Although a trade at $41.00 will reverse WPI into a
"X" column, indicating at least short-term strength, cautious
traders might want to wait until WPI has moved above that bearish
resistance line before considering an entry.

Annotated Chart for WPI:



Picked on Aug 27 at  40.74
Change since picked: +0.00
Earnings Date:    08/05/03 (confirmed)
Average Daily Volume:  1.1 million




  -----------------
  New Bearish Plays
  -----------------

St. Jude Medical - STJ - close: 51.80 change: -1.78 stop: 55.15

Company Description:
St. Jude Medical is engaged in the development, manufacturing and
distribution of medical technology products for the cardiac
rhythm management, cardiology and vascular access and cardiac
surgery markets.  The company has two principal business
segments, Cardiac Rhythm Management (CRM) and Cardiac Surgery
(CS).  The CRM division is focused on bradycardia pulse generator
and tachycardia implantable cardioverter defibrillator systems,
interventional cardiology catheters and vascular closure devices.
The CS group provides mechanical and tissue heart valves and
valve repair products as well as suture-free devices to
facilitate coronary artery bypass operations.

Why we like it:
Following a sharp selloff in June and July, shares of STJ finally
managed to find support near $48 and rebounded back to the $54
level late last month.  After struggling near that level, the
stock gave an apparent breakout move over the $56 level, that was
just as quickly reversed, leading to another 2 weeks of
consolidation near the $54 level.  If that sounds like symmetry,
you've got it nailed.  Over the past month, STJ has traced out a
nearly perfect Head & Shoulders pattern with the head at $56.75
and the neckline near $53 for a difference of $3.75.  That would
make the downside objective from the pattern only $49.25, and
from today's close just under $52, it hardly seems worth the
effort.  But keep in mind that is just a minimum price objective,
and we think the price is going to fall significantly lower, due
in large part to the bearish picture portrayed on the PnF chart.
With STJ back in a column of O's and on a Sell signal with a
bearish price target of $46, suddenly we have a better
risk/reward proposition.  In reality, there may be some support
found near $47, as that is near the 200-dma ($47.67), as well as
the current site of the PnF bullish support line.

A near-term rebound back to test the broken neckline at $53 would
be the ideal entry situation, with the 10-dma ($53.66) and 20-dma
($54.02) bearing down to reinforce that resistance.  We're not
real excited about chasing the stock lower at this point, as
price is pressing right against the lower Bollinger band, but for
those of you willing to take the risk, the trigger would be a
trade under $51.75, today's intraday low.  We're initially
placing our stop at $54.60, just above last Friday's intraday
high, as well as the 50-dma ($54.42).  There could be some
support found near the psychological $50 level, as it provided
resistance on the way up in April, and then there's potential
support near the $49 level, both from the July closing lows and
the H&S downside target.  We're recommending that conservative
traders target a move down to the 200-dma, while those with a
greater tolerance for bounce risk can look for a move down to the
$46 target from the PnF chart.

Annotated Chart of STJ:



Picked on August 27th at  $51.80
Change since picked        +0.00
Earnings Date           10/15/03 (unconfirmed)
Average Daily Volume =  2.18 mln





============
PLAY UPDATES
============

  --------------------
  Bullish Play Updates
  --------------------


Randgold - GOLD - close: 24.14  change: +1.96 - stop: 21.49

This week, GOLD joined ANGJ in the bidding for Ashanti
Goldfields, but GOLD's 8.84 percent climb on Wednesday could
probably be better attributed to the climb seen in gold and the
gold miners than to specific developments within GOLD.  The HUI
ramped up 6.12 percent.

While it's been tempting to raise our trigger and difficult to
see an almost 9 percent gain slip away, we do note that gold
struggles with the $374 level, and feel that our $24.50 trigger
coordinates well with gold's possible breakout of its symmetrical
triangle.  GOLD seems prepared to lead the way, breaking above
resistance again Wednesday after pulling back earlier in the
week.  Tuesday, it had tested its 10-dma, but sprang up from that
moving average.  RSI turned back up and the stochastics look as
it they're trying to do so, too, although from territory
indicating overbought conditions.  GOLD has been trending,
however, and stochastics are not always a reliable tool in a
trending market.

GOLD and gold look ripe for either a breakout or another
pullback.  We may need to wait until traders return from summer
vacations next week to prod both equity markets and gold out of
the recent range-bound trading.  GOLD's activity of late hints at
the direction gold will take, at least.

Annotated Chart for GOLD:


Picked on Aug 24 at  23.40
Change since picked: +0.74
Earnings Date:    08/12/03 (confirmed)
Average Daily Volume:  360 thousand




  --------------------
  Bearish Play Updates
  --------------------


AmerisourceBergen - ABC - cls: 56.20 chng: -1.45 stop: 60.50*new*

It may have been a lackluster day in the broad markets, but that
didn't stop the bears from once again leaning on shares of ABC.
Following yesterday's drop to new multi-month lows, the stock
opened just below $58 on Wednesday and slid sharply lower in the
opening hour, finding support near $56.50.  Then after holding
near that level throughout the day, the stock once again weakened
into the close, ending just above the low of the day.  Confirming
the strength of this downward move, volume surged to more than
double the daily average, and despite the fact that daily
Stochastics are now oversold and price is pressing against the
lower Bollinger band, it looks like there is more downside in
store.  But with price now resting on the PnF chart's bullish
support line, a near-term rebound seems likely.  A near-term
rebound back into the $58.00-58.50 area should find stiff
resistance with reinforcement coming from the 200-dma, now at
$59.01.  A failure of that rebound would make for an excellent
entry into the play, with our stop now lowered to $60.50, just
above both the 20-dma ($60.37) and the intraday highs from last
Thursday and Friday.  Our downside target remains $54 and a
decline to that level should be used for harvesting accrued
gains.

Picked on August 10th at  $60.00
Change since picked        -3.80
Earnings Date           10/23/03 (unconfirmed)
Average Daily Volume =  1.39 mln



---

Citigroup, Inc. - C - close: 42.96 change: -0.35 stop: 45.75

The KBW Bank index (BKX.X) is still holding above the neckline
($854) of its Head & Shoulders pattern and that more than
anything seems to be helping C to avoid breaking down from its
own H&S pattern.  C's neckline can be placed in the $42.00-42.50
area, and so far the stock has been finding support just above
that area all week.  With price holding above that level and
daily Stochastics bottoming out in oversold territory, a near-
term bounce seems likely, making the most favorable entry point
be a failed rally near $44, which is both historical resistance,
as well as the site of the declining 10-dma ($43.95) and 20-dma
($44.07)  More conservative traders will want to wait for the
break under $42, which will also create that PnF Sell signal on
the unconventional 0.5-point box size chart.  Once the neckline
of the H&S pattern is broken, then we'll have a measuring
objective of $36 based on the H&S pattern and $38 from the PnF
chart.  So the conservative approach will be to exit on a rebound
from the $38 area, while more aggressive traders can hold on for
an eventual decline to $36.  If entering on a breakdown of the
H&S pattern, look for confirmation from the BKX breaking its own
H&S neckline.  Maintain stops at $45.75

Picked on August 24th at  $43.10
Change since picked        -0.14
Earnings Date           10/13/03 (unconfirmed)
Average Daily Volume =  13.4 mln





============
CLOSED PLAYS
============

  --------------------
  Closed Bearish Plays
  --------------------

Healthcare Co. - HCA - close: 37.50 change: +0.39 - stop: 37.51

Monday, HCA competitor HMA agreed to buy five hospitals from
Tenet Healthcare, with some of the hospitals giving HMA its first
presence in Missouri. HMA started climbing Monday, and HCA
climbed right along beside its competitor.  While it's possible
that HMA's plans engendered positive feelings toward all stocks
in the sector, we attribute HCA's gains to another factor.
Tuesday, Warren Buffett's Berkshire Hathaway announced that it
had bought 10 million shares of HCA in June.  HCA climbed Tuesday
and again on Wednesday.  Wednesday, HCA had climbed past our
$37.51 stop by about 11:15 ET.

Although HCA had declined below our stop again by the day's
close, the week's gains had turned the RSI and stochastics back
up again from mid-fall.  Wednesday's gains were accomplished on
greater-than-average daily volume on a day when the volume across
the indices proved anemic.

Picked on Aug 15 at  36.64
Change since picked: +0.86
Earnings Date:    07/22/03 (confirmed)
Average Daily Volume:  4.3 million




==================================================================
HIGH RISK/HIGH REWARD (HR) section
==================================================================

=========
NEW PLAYS
=========

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


Qualcomm - QCOM - close: 41.00 change: +1.54  - stop: 37.99

Company Description:
QUALCOMM Incorporated (www.qualcomm.com) is a leader in
developing and delivering innovative digital wireless
communications products and services based on the Company's CDMA
digital technology.  Headquartered in San Diego, Calif., QUALCOMM
is included in the S&P 500 Index and is a 2003 FORTUNE 500(R)
company traded on The Nasdaq Stock Market(R) under the ticker
symbol QCOM.  (Source:  Company Press Release.)

Why We Like It:
It's been a long time since we've heard the distinctive echoing
voice repeating "Qualcomm" on CNBC, but perhaps it's time for the
canned voice to be resurrected.  QCOM's stock appears to have
been.  The P&F chart proves the case, with a new quadruple top
breakout accomplished on Wednesday's trade above $40.00 and then
$41.00.  QCOM's original P&Fs buy signal promises upside to
$58.00, but we're not going to follow it that far.

We're basing this play on technical considerations, and the bar
chart also shows interesting developments.  QCOM's move on
Wednesday bumped it above the neckline of an inverse H&S that has
been building since December.  The upside target of that inverse
H&S lies at about $50.  Our target is $49.50, just shy of that
$50.00 mark.  As QCOM moves up, it will cross through several
congestion zones, so we anticipate some backing and filling along
the way.

MACD appears strong.  Although both RSI and 21(3)3 stochastics
measure overbought conditions, they can stay pinned at those
levels in a strongly trending market, and this appears to be one.
Watch the Networking Index, the NWX, close to giving its own P&F
buy signal, and the Nasdaq Telecommunications Index, the $IXTC.
The $IXTC remains on a sell signal and is below its bearish
resistance line, but is close to reversing into an "X" column.

Annotated Chart for QCOM:


Picked on Aug 27 at  41.00
Change since picked: +1.54
Earnings Date:    07/23/03 (confirmed)
Average Daily Volume: 	10 million




============
PLAY UPDATES
============

  --------------------
  Bullish Play Updates
  --------------------

Tower Automotive - TWR - close: 4.18 change: +0.04 stop: 3.75

After an encouraging start, our TWR play has run into stiff
resistance near the $4.20 level and the stock has been
consolidating near that level for the past week, with one brief
foray up near $4.40.  At the same time, intraday support seems to
be building in the vicinity of the converged 10-dma ($4.07) and
50-dma ($4.06).  Intraday dips and rebounds from above the $4.00
level look favorable for new entries, while those looking to
enter on strength will need to wait for a push back over $4.25,
preferably on strong volume.  Speaking of volume, it has been
virtually nonexistent in TWR this week, running only about a
third of the ADV.  It may be that we'll have to wait until after
the long weekend for volume to come back in, and that means the
best approach for new entries this week is to buy the dips.
We're still targeting a near-term move to $4.80, with an outside
chance of a push up to the $5.00.  Taking an exit from the play
in that $4.80-5.00 area remains our recommended strategy.
Maintain stops at $3.75.

Picked on August 10th at   $4.10
Change since picked        +0.08
Earnings Date           10/21/03 (unconfirmed)
Average Daily Volume =     559 K





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

*****************************************************************
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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.

Readers are urged to consult with their own independent financial advisors with respect to any investment. All information contained in this report and website should be independently verified.

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