PremierInvestor.net Newsletter Tuesday 09-02-2003 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: Bulls School The Bears Watch List: DST, UIS, BEAS, KKD and more! Market Sentiment: One Word ================================================================= MARKET WRAP (view in courier font for table alignment) ================================================================= 09-02-2003 High Low Volume Advance/Decline DJIA 9523.27 +107.45 9535.97 9389.58 1.75 bln 2082/ 768 NASDAQ 1841.48 + 31.03 1841.48 1804.30 1.77 bln 2190/ 948 S&P 100 510.86 + 7.50 511.16 502.39 Totals 4272/1716 S&P 500 1021.99 + 13.98 1022.59 1005.67 RUS 2000 507.50 + 10.08 507.65 496.73 DJ TRANS 2745.84 + 64.60 2747.81 2683.46 VIX 19.95 + 0.46 20.93 19.79 VXN 30.06 + 0.54 31.78 30.05 Total Volume 3,902M Total UpVol 3,127M Total DnVol 724M 52wk Highs 987 52wk Lows 19 TRIN 0.73 PUT/CALL 0.72 ================================================================= =========== Market Wrap =========== Bulls School The Bears by James Brown It was a good day if you had horns on your head. A flood of positive broker comments combined with positive economic data and a little history helped lift the markets to new highs. Both the Dow Jones Industrials and the S&P 500 are at 15-month highs and the NASDAQ closed at 17-month highs. The bullish mood was very broad based with nearly all the major sector indices in the green and many breaking out to new highs or above resistance. The Industrials added more than 100 points to close above the 9500 level of resistance. Also breaking out above resistance was the S&P 500, up nearly 14 points to 1022. The NASDAQ couldn't help but soar with buzz over technology stocks this morning. The COMPX added another 31 points to close at 1841. Market internals were very positive. Advancing stocks trampled decliners almost 21 to 7 on the NYSE and nearly 22 to 9 on the NASDAQ. New highs between the two exchanges were a towering 627 against 9 new lows. We actually had some decent volume for a change and up volume beat down volume by almost 2.7 to 1 on the NYSE and 2.3 to 1 on the NASDAQ. Chart of the Dow Jones Industrials Chart of the S&P 500 index Chart of the NASDAQ Brokers were in a bubbly mood this morning and technology stocks were the focus of the day. First Albany came out with positive comments about the technology sector in general and advised clients to "overweight" in tech based on growing momentum in the markets and company fundamentals. Goldman was more specific and raised their outlook on the software sector from "neutral" to "attractive" claiming the mounting evidence for improving U.S. market conditions and the upcoming seasonally strong fourth quarter. Some of the bulls out there probably agree with Mark in our market monitor today. Goldman seems to be a little late to the party. The GSO software index is already up more than 40 percent from its April 2003 lows and up more than 75 percent from its October 2002 lows. Sounds like GS is merely "buying" the breakout we all witnessed in the GSO last week. However, Goldman wasn't the only one with positive words for software stocks. Prudential (PRU) upped their view on PeopleSoft (PSFT) from a "hold" to a "buy" and shares of PSFT added 3.4 percent. Rival software firm Oracle (ORCL) was also upgraded today, this time by Thomas Weisel from "peer perform" to "out perform". Shares of ORCL added 4.4 percent. The hardware and semiconductor sectors also saw a lot of action. Goldman Sachs raised their view on the enterprise hardware sector from "cautious" to "neutral". GS also singled out Dell Computer (DELL) and raised their rating on the stock from "in line" to "out perform" based on the company's growth prospects and valuation. In an interesting move, DELL responded this afternoon with a very clear message; that the computer industry is NOT seeing massive growth. Who are you going to believe? Goldman's view of Dell's business or Dell's view of Dell's business? Shifting from hardware and PC's to the chips that drive them and we see Bank of America (BAC) initiating coverage on chip stocks Micron (MU), Intel (INTC) and Advanced Micro Devices (AMD) all with "buy" ratings. More importantly, one should note why they are all getting buy ratings. The BAC analyst, John Lau, stuck his neck out and said we're in the "early stages of a multi-year PC recovery" (-DJ Newswires). Now I know at this very moment there is a multitude of bears out there trying hard not to die of laughter. Hey, I guess you have to ask, what if he's right? Mr. Lau believes that the recovery will be lead by Centino-based (Intel) notebooks in global sales and by desktop sales in Asia. I wonder if Lau also covers DELL. Maybe they should talk. Potentially supporting Mr. Lau's assumptions was a positive report from the Semiconductor Industry Association (SIA). The SIA claims that worldwide sales of semiconductors rose more than 10 percent in July compared to July last year. Furthermore this is the fifth consecutive monthly increase for chip sales. Despite all this positive news the SOX chip index completely lagged the markets all day long and only closed in the green by the smallest of margins. Not to be left out of this broker-tech lovefest was Smith Barney raising their price targets on several networking stocks. The NWX networking index rose 2.5 percent. Meanwhile, Dan Niles, the famous (or infamous) analyst with Lehman Brothers offered positive comments on IBM today. He believes that Big Blue's service business is gaining speed and they could potentially sign upwards of $15 billion in just the third quarter alone. Shares of IBM added 4.6 percent and was a lead contributor to the INDU's rally, right behind Eastman Kodak's 6.8 percent gain. This flood of analyst comments was enough to launch the markets higher early in the day and then everyone held their breath for the August ISM report. Economists had been looking for a bump higher to 53.5 percent. The Institute of Supply Management manufacturing index actually rose to 54.7 percent in August. This is a big jump from July's 51.8 percent. Readings over 50 percent are translated as growth and readings under 50 as contraction in the economy. So with wild applause bullish investors, analysts and economists all shouted and jumped up and down pointing enthusiastically to this evidence that yes, indeed, the economy was improving. Well, that what you would have expected. In reality the markets sold off on the positive economic news. There are various components that make up the ISM manufacturing report and therein may be the clue to the market's reaction. The new orders component was strong, up to 59.6 from 56.6 and the production component was very strong, up to 61.6 from 53.3. What bothered Wall Street was the ISM employment index component, which declined 0.2 percent to 45.9. Hence the entire report became yet another billboard declaring the economy was improving but without any jobs. By late morning the major indices had all traded in their gains for small losses. In reality we can't discount the entire ISM report just based on the employment component. The rising production numbers and new orders rate is a very strong sign for the U.S. and it's even more encouraging as we head towards the October third quarter earnings announcements. Offering potentially good news was the Challenger Monthly Planned Layoffs report. The outplacement firm reported that planned layoffs in August actually dropped six percent to 79.9 thousand; down from July's 85.1 thousand. The good news here is that August marked the fourth month in a row that planned layoffs numbered less than 100,000. Planned job cuts for August 2003 were also 32 percent less than the same month a year ago. Unfortunately, Challenger's vice president, Rick Cobb was quoted as saying August could be the "calm before the storm". Evidently, the last four months of the year average a 36 percent higher job loss rate. Merry Christmas, here's your pink slip. I wonder if President Bush and Alan Greenspan discussed that over lunch today. The historical trend for the day after Labor Day can chalk up another one for the bulls. Today marks the eighth win out of the last nine years for a rally. You already know, the recent trend for a late afternoon rally held true again and it was breakouts galore. However, if one is to believe these historical trends, take note. The last 52 years have shown September to be the worst month of the year for equities. Of course August is supposed to be the second worst month of the year and we just closed August with a gain. Traders need to keep this in mind. Thus far, 95 percent of the S&P 500 has reported their second quarter results. The average profit was a gain of 9.6 percent compared to the same time period last year. Analysts are now predicting an average gain of 14.5 percent for the third quarter and a lofty 21.3 percent gain for the fourth quarter. Everyone knows the bar was set pretty low the first two quarters of 2003 but if corporations fail to deliver it could be an ugly second half for the bulls. We're stepping right into corporate confession season (a.k.a. earnings warning). Just in case you missed their announcements and back pedaling two weeks ago, Intel starts us off with a mid-quarter update on Thursday. Watch those stop losses. ================================================================== 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 --------------------------------- DST Systems, Inc. - DST - close: 40.15 change: +0.55 WHAT TO WATCH: Breaking out to new highs for the year was a popular theme on Tuesday. Not to be left out, DST finally managed to break above the $40 level, which has provided firm resistance since breaking below there last July. This breakout completes a textbook Cup & Handle bottom pattern and the stock now looks poised to rally towards next major resistance near $45. --- Unisys Corp. - UIS - close: 13.13 change: +0.15 WHAT TO WATCH: It has been a long road back for shares of UIS, as the stock has been slowly working its way back from its October low near $6. Tuesday's rally popped the price over $13 for the first time since last May and the consistent pattern of working a bit higher each day looks like it has further to go. There's some more resistance to deal with near the $13.50 level, but once clear of that obstacle, UIS appears destined for next resistance near $15. The best entries will come on an intraday pullback near $12.50, with a stop placed just below $12, just below the top of the 8/19 gap. --- BEA Systems - BEAS - close: 14.48 change: +0.97 WHAT TO WATCH: It has been a long time in coming, but BEAS finally broke out over the $14 level and it did so on very strong volume (nearly double the ADV) as the Software index (GSO.X) staged a solid 2.5% advance. This breakout lifts BEAS to its highest level since March 2002 and opens the door for a continued rally towards the $16.00-16.50 resistance area. An intraday pullback into the $13.50-14.00 area to confirm new support at old resistance will provide for the best bullish entries. --- Krispy Kreme - KKD - close: 42.97 change: -1.16 WHAT TO WATCH: One for the bears. After vaulting up to almost $50 (a new all-time high) in mid-August, KKD has been diverging significantly from the strength in the rest of the market and that divergence continued on Tuesday, with the stock losing 2.6% on heavy volume. Today was the first close under the 50-dma since late May and the break and close below that level does not bode well for the bulls. Intraday support has been holding near $41.50 throughout the past 2 months, so we're looking to use a break below that level as our trigger for new entries. Wait for the breakdown and then target $38 and then possibly the 200-dma near $36. =================== On the RADAR Screen =================== MLNM $14.68 - After breaking above the top of its bull flag pattern a couple weeks ago, shares of MLNM have been working their way steadily higher, crawling over the 50-dma late last week. That bullish action got a fresh shot of adrenaline on Tuesday, with the strong gains in the BTK index and the stock gained more than 5.5% on above average volume. Look for more strength to propel MLNM up towards its June highs in the vicinity of $17.50. SFNT $38.25 - It may sound like a broken record, but SFNT finally managed to break out to new 52-week highs on Tuesday, and it did so on much stronger than average volume. The $36.50 level has been a consistent barrier to the bulls over the past couple months and this breakout now paves the way for a move towards next resistance. We have to go back quite a ways to find that resistance, as SFNT hasn't traded this high since March of 2000. There's still some resistance to be dealt with, but if the bulls remain as frisky as they were today, then SFNT should be able to push through $40 and make a run at the $45 level. Best entries will come on a pullback and rebound in the $36.50 area, confirming old resistance as new support. ADP $40.41 - If slow and steady wins the race, then shares of ADP are well on their way to the winners circle. The stock has been tracing out a pattern of higher lows and higher highs for months now and on Tuesday broke out above $40 for the first time since January. There's some resistance to deal with just overhead and then again at $42, but given the way volume appears to be growing, the stock looks destined to make a run at its next major resistance at $45. Because of the way the stock has been trading, the most favorable entry strategy will be on intraday pullbacks that find support above the 20-dma. =============================== Market Sentiment =============================== One Word - J Brown Investor sentiment was pretty easy to describe today. Most of us could answer that with one word: bullish. Unless you prefer "euphoric" or maybe you're a bear. In that case "awestruck" might be a better word. There were so many bullish break outs today that it appeared as if the bears were still on vacation. The deluge of positive analyst comments this morning for the technology sectors launched the indices into an early lead. Then investors waited for the ISM report. Surprise, the report was good and markets sold off on the news. However, as has become the norm lately, the midday sell off had no follow through and by the end of the day it was new highs for everyone. Well at least it seemed that way with more than 600 new highs between the NYSE and NASDAQ. The trend is obviously up but buying this breakout may take a lot of faith. The strong ISM report helps but the job component remained weak. We're walking right into earnings warning season and with all the bulls looking skyward it maybe be all too easy for the bears to blindside them. ----------------------------------------------------------------- Market Averages DJIA ($INDU) 52-week High: 9499 52-week Low : 7197 Current : 9523 Moving Averages: (Simple) 10-dma: 9392 50-dma: 9202 200-dma: 8617 S&P 500 ($SPX) 52-week High: 1022 52-week Low : 768 Current : 1021 Moving Averages: (Simple) 10-dma: 1001 50-dma: 990 200-dma: 921 Nasdaq-100 ($NDX) 52-week High: 1361 52-week Low : 795 Current : 1361 Moving Averages: (Simple) 10-dma: 1318 50-dma: 1263 200-dma: 1118 ----------------------------------------------------------------- Surprise! Volatility indices normally trade lower when the markets shoot higher. This morning both the markets and the VIX and VXN all jumped higher on the open. However, while the markets drifted to new highs the volatility indices melted lower. CBOE Market Volatility Index (VIX) = 19.95 +0.46 Nasdaq Volatility Index (VXN) = 30.03 +0.54 ----------------------------------------------------------------- Put/Call Ratio Call Volume Put Volume Total 0.72 665,638 482,303 Equity Only 0.51 555,036 284,064 OEX 1.34 29,313 39,275 QQQ 4.02 23,960 96,402 ----------------------------------------------------------------- Bullish Percent Data Current Change Status NYSE 71.3 + 0 Bull Confirmed NASDAQ-100 76.0 + 1 Bear Correction Dow Indust. 80.0 + 0 Bull Correction S&P 500 79.6 + 2 Bull Correction S&P 100 85.0 + 3 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 1.18 10-Day Arms Index 1.42 21-Day Arms Index 0.90 55-Day Arms Index 1.38 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 2082 2190 Decliners 768 948 New Highs 360 386 New Lows 11 7 Up Volume 1452M 1389M Down Vol. 285M 370M Total Vol. 1748M 1771M M = millions ----------------------------------------------------------------- Commitments Of Traders Report: 08/26/03 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 There is no significant change in the long or short positions for the large S&P futures contracts. We continue to see the commercials or "smart money" inch up their short positions while retail traders inch up their long positions. Since they both tend to take the opposite sides of the market, this is normal. Commercials Long Short Net % Of OI 08/05/03 395,633 450,988 (55,353) (6.5%) 08/12/03 399,414 456,767 (57,353) (6.7%) 08/19/03 404,665 455,381 (50,716) (5.9%) 08/26/03 410,378 472,987 (62,609) (7.1%) 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 08/05/03 159,971 72,951 87,020 37.4% 08/12/03 158,821 71,040 87,781 38.2% 08/19/03 162,034 87,064 74,970 30.1% 08/26/03 170,424 76,967 93,457 37.8% 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 In contrast we're seeing the commercials add strongly to their long positions in the e-minis. The latest reading shows the most bullish position in a very long time. Just as expected the small traders has loaded up on short positions and this marks the strongest net short position for months. Commercials Long Short Net % Of OI 08/05/03 310,662 249,004 61,658 11.0% 08/12/03 306,014 217,233 88,781 17.0% 08/19/03 296,971 235,779 61,192 11.5% 08/26/03 338,766 234,841 103,925 18.1% Most bearish reading of the year: (354,835) - 06/17/03 Most bullish reading of the year: 103,925 - 08/26/03 Small Traders Long Short Net % of OI 08/05/03 56,663 95,919 (39,256) (25.7%) 08/12/03 62,534 106,403 (43,869) (26.0%) 08/19/03 90,428 125,980 (35,552) (16.4%) 08/26/03 52,131 120,853 ( Most bearish reading of the year: (48,707) - 07/29/03 Most bullish reading of the year: 449,310 - 06/10/03 NASDAQ-100 Commercials remain net short on the NASDAQ 100 futures while small traders are still swinging for the fences with heavy net longs. Commercials Long Short Net % of OI 08/05/03 32,813 52,383 (19,570) (23.0%) 08/12/03 34,374 53,015 (18,641) (21.3%) 08/19/03 32,107 53,665 (21,558) (25.1%) 08/26/03 33,991 55,849 (21,858) (24.3%) Most bearish reading of the year: (21,858) - 08/26/03 Most bullish reading of the year: 9,068 - 06/11/02 Small Traders Long Short Net % of OI 08/05/03 22,188 7,783 14,405 48.1% 08/12/03 23,957 7,871 16,086 50.5% 08/19/03 25,607 10,134 15,473 43.3% 08/26/03 26,108 8,864 17,244 49.3% 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 The flurry of short positions for the DJ Industrials two weeks ago have mostly evaporated, meanwhile the small trader has eliminated a few short positions as well. Commercials Long Short Net % of OI 08/05/03 23,981 9,264 14,717 44.3% 08/12/03 24,942 9,878 15,064 43.3% 08/19/03 21,088 18,984 2,104 5.3% 08/26/03 24,586 10,386 14,200 40.6% 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 08/05/03 5,716 10,422 (4,706) (29.2%) 08/12/03 6,933 13,248 (6,315) (31.3%) 08/19/03 15,717 9,143 6,574 26.4% 08/26/03 14,115 5,592 8,523 43.2% Most bearish reading of the year: (8,777) - 10/12/01 Most bullish reading of the year: 8,523 - 8/26/03 ----------------------------------------------------------------- ================================================================= 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 09-02-2003 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 ================================================================= ! CORRECTION ! This update has the correct Trading Ideas candidates for Tuesday, September 2nd, 2003. Play of the Day: Zoom Zoom Stop Loss Update: CC, FMC, GOLD 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 ( bearish ) =============== Tower Automotive - TWR - close: 4.55 change: +0.19 stop: 4.05 Company Description: Tower Automotive is engaged in the design and production of structural components and assemblies used by automotive original equipment manufacturers (OEMs). The company's current products include automotive body structural stampings and assemblies, including exposed sheet metal (Class A) components, lower vehicle structural stampings and assemblies, lower vehicle structures, suspension and powertrain modules and suspension components. Why we like it: After teasing us with a tight consolidation range all week, TWR finally caught the attention of the bulls on Friday and the stock surged higher to close up more than 5% on the strongest volume of the week. Automotive stocks (from parts suppliers to manufacturers) have been strong lately, and it looks like TWR is finally on its way higher. Traders that bought the dips last week just above $4.00 look to have gotten a solid entry and the next likely entry point will be on a rally through $4.40, which would be a move over both Friday's intraday high and the intraday high on 8/22. Daily Stochastics are now turning up and it looks like our $4.80-5.00 target zone may be achievable next week. Traders still looking for pullback entries can target a dip and rebound above $4.20, but we really don't want to see a pullback below that point. Raise stops to $4.05 this weekend, as that is just under the week's intraday lows and the 20-dma ($4.06). The real key here appears to be the 50-dma ($4.08), which provided intraday support throughout the past week. Why This is our Play of the Day As if it was a prelude of what was to come, Friday's rally in TWR pushed the stock right up to near-term resistance just below $4.40. Then the stock delivered with a 4.35% advance on Tuesday on strong volume that was well above the ADV. Following a dip at the open, the stock found support at $4.25 (which had been resistance for most of last week) and then vaulted higher in the afternoon, ending just below the intraday high. With price now pressing the upper Bollinger band, it is hard to make a case for new entries on strength, but this seems a good opportunity to reiterate our exit strategy. Conservative traders will want to look for a profitable exit near $4.80, where the stock found resistance in late July. More aggressive players will want to harvest gains on a move up to the $5.00 level, which was strong support on the way down last fall and will likely be strong resistance on the way up. We're keeping our stop set at $4.05, which is just below strong support and the upward-curling 20-dma and 50-dma. More conservative traders may want to use a tighter stop at $4.20, just below today's intraday low. Annotated Chart of TWR: Picked on August 10th at $4.10 Change since picked +0.45 Earnings Date 10/21/03 (unconfirmed) Average Daily Volume = 543 K ================================================================= Stop Loss Updates ================================================================= CC - long Adjust from $9.39 up to $9.85 FMC - long Adjust from $23.50 up to $24.00 GOLD - long Adjust from $21.49 up to $21.99 ================== 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 MER Merrill Lynch 54.98 +1.20 FNM Fannie Mae 67.70 +2.91 EXC Exelon Corp 60.00 +1.10 KMB Kimberly Clark 51.79 +0.68 KB Kookmin Bank 38.75 +1.55 ETR Entergy Corp 54.15 +1.70 --------------------------------------- Breakout to Upside (Stocks $5 to $20) --------------------------------------- V Vivendi Universal 18.25 +1.35 AMTD Ameritrade 11.90 +1.05 DAL Delta Airlines 14.35 +1.48 CAL Continental Airlines 16.50 +1.24 ASKJ Ask Jeeves 19.70 +1.49 NWAC Northwest Airlines 10.03 +1.06 --------------------------------------- Breakout to Upside (Stocks over $20) --------------------------------------- IBM Intl Business Mach 85.76 +3.75 DCX DaimlerChrysler 39.32 +1.09 KSS Kohl's Corp 64.49 +1.23 GM General Motors 42.48 +1.38 ACN Accenture Ltd 22.35 +1.19 CHA China Telecom 28.79 +1.75 TV Grupo Televisa 39.17 +1.67 ------------------------------------------- Breakout to Downside (Stocks over $20) ------------------------------------------- MGA Magna Intl 76.25 -7.35 ----------------------------------------- Recently Overbought With Bearish Signals (Stocks over $20) ------------------------------------------- MMM 3M Company 140.15 -2.32 RIMM Research In Motion 27.32 -1.16 HDI Harley Davidson 49.01 -0.81 GOLD Randgold Resources 23.52 -0.72 ================================================================= 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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