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Daily Newsletter, Tuesday, 09/02/2003

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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


-----------------------------------------------------------------




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DISCLAIMER
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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
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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
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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



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