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Daily Newsletter, Wednesday, 10/08/2003

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PremierInvestor.net Newsletter                Wednesday 10-08-2003
                                                    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:      A Little Overdue

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)
=================================================================
     10-08-2003            High     Low     Volume Advance/Decline
DJIA     9630.90 - 23.71  9672.02  9595.28 1.51 bln   1213/1582
NASDAQ   1893.78 - 14.07  1914.33  1888.53 1.78 bln   1257/1839
S&P 100   516.54 -  3.10   520.02   515.03   Totals   2470/3421
S&P 500  1033.78 -  5.47  1040.06  1030.96
RUS 2000  515.68 -  5.09   521.05   514.56
DJ TRANS 2791.62 -  8.76  2803.04  2782.62
VIX        19.18 -  0.23    19.61    19.08
VXN        29.16 -  0.14    29.46    28.94
Total Volume 3,606M
Total UpVol  1,503M
Total DnVol  2,058M
52wk Highs     752
52wk Lows       18
TRIN          1.34
PUT/CALL      0.81
=================================================================

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

A Little Overdue
by James Brown

U.S. markets closed in the red for the first time this October 
ending a five-day winning streak for the bulls.  The general mood 
on Wall Street was nonchalant since stocks were over due for some 
profit taking.  The NASDAQ composite managed to tag a fresh 52-
week high near the opening bell before slipping back and the Dow 
Industrials traded in a narrow 80-point range all day.  
Contributing to the market's weakness was a one-two punch for 
telecom stocks but overall the session was a patchwork of 
individual news.

Overseas markets were mixed.  The British FTSE dropped less than 
four points while the German DAX added almost 40.  Hong Kong's 
Hang Seng index inched down 3 points but the Japanese NIKKEI 
index posted its first loss in six days and it was a big one.  
The NIKKEI dropped 278 points or 2.57% to 10,542 as the dollar 
continued to weaken against the yen.  We keep hearing about the 
new "line in the sand" where the Bank of Japan is going to defend 
the yen.  First it was 111, then it was 110.  The U.S. dollar 
slipped to 109.58 against the yen, just barely above its three-
year low at 109.38.  Some currency traders are expecting the BoJ 
to intervene soon despite the G7's statement two weeks about 
arguing against currency manipulations.  A stronger yen makes 
Japanese exports more expensive overseas and impacts corporate 
profits.  The dollar also happens to be trading near all-time 
lows against the euro.

Fortunately, the profit taking here at home was much more mild.  
The DJIA only lost 23 points closing at 9630.  The NASDAQ 
Composite fell 14 points to 1893 and the S&P 500 dropped just 
over 5 points to close at 1033.  Market internals were negative.  
Declining stocks outnumbered advancing issues almost 16 to 12 on 
the NYSE and 18 to 12 on the NASDAQ.  Down volume outpaced up 
volume on both exchanges but overall volume remained modest.

Chart of the DJIA:


Chart of the NASDAQ:



Telecom Weakness

U.S. telecom companies Verizon Communications (VZ), SBC 
communications (SBC) and BellSouth Corp (BLS) joined wireless 
companies AT&T Wireless (AWE), Nextel Communications (NXTL) and 
Sprint PCS Group (PCS) in contributing to the S&P 500 weakness.  
Local-telephone companies lost ground after the FTC won an 
appeals court decision in the national "do not call" list debate.  
The national "do not call" list has ballooned to more than 51 
million consumers and the vast majority of telemarketers would be 
barred from calling consumers on the list.  The appeals court win 
late Tuesday means the FTC can begin to enforce the list 
immediately.  This could certainly put a dent in telephone 
traffic for the larger networks.  Meanwhile, wireless companies 
now have to deal with the new FCC rule effective Nov. 24th that 
will allow customers to keep their mobile phone numbers when they 
change carriers.  If wireless service wasn't a commodity business 
already it just took a big step that direction today as 
everything begins to boil down to price.  This is going to 
increase customer turnover, which raises expenses for these 
wireless companies.

Software Stronger

Swimming up stream today was the GSO software index.  It marked a 
fresh 52-week high on positive news from SAP.  Shares of SAP 
soared 14 percent to $38.55 after the German-based software 
developer pre-announced stronger than expected earnings.  The 
company is expected to report on October 16th but SAP told Wall 
Street that Q3 sales should come in around $1.95 billion(US), 
stronger than the consensus estimates of $1.8 billion.  SAP said 
it was enjoying a stronger contract closure rate in the U.S.  
This news also boosted rival software developer Oracle (ORCL).  

News Worthy

Making headlines today was news that General Electric (GE) had 
finally reached an agreement with Vivendi (V) to merge GE's NBC 
unit with V's Universal Entertainment division.  GE will fork out 
$3.8 billion to own 80 percent of the joint venture creating a 
combination movie studio-television network giant.  The new GE 
division will be named NBC Universal.  Investors are also 
watching GE because the behemoth announces earnings on Friday and 
estimates are for 40 cents a share.  

Unfortunately, not all the earnings news was good today.  Big 
Lots (BLI) doesn't announce earnings until next month but the 
stock was hit for a 7 percent loss on negative guidance.  The 
latest guidance put BLI's Q3 numbers in the -3 cents to +1 cent 
per share range.  This morning's press release said comparable 
store sales were actually up more than 5 percent but earnings 
would be near the low end of forecasts due to an unexpected slow 
down in higher-margin items.  

Another retailer feeling the heat was Winn-Dixie Stores (WIN).  
The company reported earnings that beat estimates by a penny but 
shares lost almost six percent.  WIN reported a 96% drop in 
profits for its fiscal Q1 for 2004 blaming increased promotional 
costs.  Also falling flat were shares of Papa John's Intl. Inc 
(PZZA), which lost 7.6% after warning that earnings would be much 
worse than expected.  The news actually came out late yesterday.  
PZZA said comparable same store sales dropped 6.7% in September.  
The company is expected to report at the end of October and 
estimates had been for $2.19 a share.  Now PZZA expects earnings 
to fall between $1.75 and $1.65 a share.

YHOO Beats!

Thankfully, earnings news from BLI, WIN and PZZA just don't carry 
a lot of weight and the markets will likely over look them as 
company-specific potholes.  But high-flyers of yesteryear like 
Yahoo! Inc (YHOO) capture the imagination of bulls and bears 
alike.  The company reported earnings after the bell this evening 
and the numbers were good.  YHOO turned in its eighth profitable 
quarter and beat estimates by a penny with 10 cents a share.  
More importantly, revenues were up strongly from $249 million 
last year to $356 million in the third quarter, passing estimates 
of $337.8 million.  The stock was trading up in the after hours 
session and is likely to fuel positive moves for fellow Internet 
stocks Amazon.com (AMZN) and Ebay (EBAY).  

Tomorrow

Assuming there aren't any pre-market earnings implosions then the 
YHOO news could certainly power a surge in the tech sector.  
Fortunately, the bond market is holding steady after today's $16 
billion auction of 5-year notes and we'll see another $9 billion 
sold in 10-year notes tomorrow.  In the last two days we've heard 
from three Federal Reserve speakers and the message has been a 
positive one.  Now if we can get another good weekly jobless 
claims report and some stronger same store sales data tomorrow 
morning then bulls might continue their October stampede.



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

FNM     Fannie Mae                 72.31    +0.84
FRE     Freddie Mac                56.55    +1.30
CHA     China Telecom              28.48    +1.18
DUK     Duke Energy Corp           18.64    +0.64
IR      Ingersoll-rand Ltd CI A    57.45    +0.78


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

UPL     Ultra Petroleum Corp       17.49    +1.95
ADEX    Ade Corporation            19.56    +2.06
ABAX    Abaxis Inc                 15.85    +1.10
NENG    Network Engines Inc         8.15    +1.15


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

SAP     Sap Ag (ADS)               38.55    +4.83
EMR     Emerson Electric Co        55.06    +1.47
CFC     Countrywide Financial      85.48    +1.11
TXT     Textron Inc                43.89    +2.17


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

CAJ     Canon Inc (ADR)            47.49    -2.46
FISV    Fiserv Inc                 37.01    -1.37
SRE     Sempra Energy              28.45    -1.95
BVF     Biovail Corp               25.20    -3.85


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

CTBI    Community Trust bncp Inc   29.27    -0.97
PEBO    Peoples Bancorp Inc Oh     27.05    -0.88
APL     Atlas Pipeline Prtnrs Lp   34.75    -0.36




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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
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
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PremierInvestor.net Newsletter                Wednesday 10-08-2003
                                                    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
  New Bearish Plays:     HTCH

Active Trader (Non-tech)
  New Bearish Plays:     DLTR
  Bullish Play Updates:  DISH, GENZ, TYC, ZMH
  Bearish Play Updates:  MMC

High Risk/Reward
  Bullish Play Updates:  DRTE, ORB


Stock Splits/Announcements
  Stock Splits:          OTEX


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

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

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


Hutchinson Tech. - HTCH - close: 32.20 change: -1.16 stop: 34.75

Company Description:
Hutchinson Technology Inc. is a supplier of suspension assemblies
for hard disk drives.  The company categorizes its products as
either suspension assemblies or other products, which consist
primarily of etched and stamped components used in connection
with or relate to suspension assemblies.  HTCH manufactures its
suspension assemblies with proprietary technology and processes
to precise specification with very-low, part-to-part variation.
These specifications are critical to maintaining the necessary
microscopic clearance between the head and disk and the
electrical connectivity between the head and the drive circuitry.

Why we like it:
Following along with the overall NASDAQ, HTCH had a nice run from
the March lows near $22 up to the $37 level in mid-July.  The
August swoon found plenty of sellers in the stock, which was
quickly smacked down to the $27 level, before the bulls once
attain prevailed, sending the price back up to $37.  Since then,
HTCH appears to be losing strength with respect to the overall
Technology market, posting a lower high near $34.50, with
resistance being found at the 20-dma ($34.37) over the past week.
Selling volume has been picking up the past couple days, as the
stock has been dropping sharply (-3.48% on Wednesday), and it is
right on the cusp of a significant breakdown.  Price rebounded
from the $31.50 area today, which just happens to be the site of
the intraday low the day before the big gap down on 7/23.  Once
through that gap, HTCH looks like it could make rapid strides
towards the 200-dma ($27.73) after a brief pause at mild support
in the $29.40-30.25 area.

Aggressive traders can consider using another failed rebound
below the 20-dma as a viable entry point, while the more
conservative approach will be to wait for a break below the
$31.50 level.  Note that the PnF chart is still technically on a
Sell signal with a bearish price target of $16.  There's
definitely plenty of downside potential.  We'll content ourselves
with a target of $28 and look to harvest gains when that level is
reached.  An alternate entry strategy would be to wait for a
failed rebound after HTCH trades below the $31.50 level, ideally
in the $32.00-32.50 area.  Place stops initially at $34.75, which
is just above the recent intraday highs, as well as the 20-dma.

Annotated Chart of HTCH:


Picked on October 8th at  $32.20
Change since picked        +0.00
Earnings Date           11/03/03 (confirmed)
Average Daily Volume =     501 K




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

=========
NEW PLAYS
=========
  -----------------
  New Bearish Plays
  -----------------


Dollar Tree Stores - DLTR - close: 34.36  change: -1.53 - stop: 35.76

Company Description:
Dollar Tree Stores, Inc., the nation's largest $1.00 discount
variety store chain, operates 2,468 stores in 47 states as of
August 2, 2003. The Company also operates a coast-to-coast
logistics network of eight distribution centers, with two more
presently under construction.  (Source:  Company Press Release.)

Why We Like It:
Earlier this week, DLTR reaffirmed its guidance, but investors
must not have liked what they heard.  Wednesday, they sent the
stock down 4.26 percent on more than double average daily volume.
The drop was so precipitous that Wedbush spoke out Wednesday
morning, reiterating its buy rating on the stock.  Perhaps
Wedbush's support helped.  The stock steadied the rest of the
day, trading near $34.50 through the morning and afternoon.

We think it looks due for a breakdown, however.  The chart takes
on a head-and-shoulders look, and a breakdown below the $33.50
neckline should get the descent going faster.  MACD is already
below signal, RSI has already turned, and the 21(3)3 stochastics
hook over from below levels indicating overbought conditions.  A
descending trendline caps any attempts to rise.

A couple of cautions exist.  Although the S&P Retail Index, the
RLX.X, did drop on Wednesday, it's been performing strongly with
expectations for a strong holiday season.  Also, DLTR currently
shows a P&F buy signal.  A trade below $34.00 will produce a new
sell signal, however.  The play will trigger on a drop below that
$33.50 neckline and will target the 200-dma, currently at $28.42.
Our initial stop will be placed just above the descending
trendline capping upward moves, but we expect to lower that stop
quickly after the play triggers.  Conservative players might set
a stop just above the H&S neckline.

Annotated Chart for DLTR:


Picked on Oct 08 at   34.36
Change since picked:  -0.00
Earnings Date:    10/23/03 (confirmed)
Average Daily Volume:  1.6 million





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

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


EchoStar - DISH - close: 40.20  change: -0.33 - stop: 38.10

With Comcast (CMCSA) in the news this week due to a couple of
court rulings, much attention focused on the cable and satellite
companies.  We caught a CNBC discussion early this week regarding
the former opinion that cable would be preferred over satellite
and satellite companies would slip into oblivion.  That hadn't
happened, the discussion concluded.  We're glad to hear that
news.

DISH pushed above the midline of its ascending regression channel
this week.  It also climbed above $40.00.  Now it pauses,
consolidating at the midline of its regression channel and just
above $40.00.  That consolidation offered several pullback-and-
bounce entries, with Tuesday's decline taking DISH as low as
$39.56.  Volume dropped appropriately during the consolidation,
with Wednesday's down volume considerably below the average daily
volume.

MACD flattens, the lines braiding in and out as sometimes happens
during consolidation.  RSI does show the troubling possibility of
a lower high as price made a higher high, but that's not
confirmed yet.  We do note that RSI maintains its trend of higher
lows, a reassuring observation to balance the more troubling one.

New entries can still be sought on pullbacks and bounces from
above $39.50 or on momentum moves above this week's high.  First
confirm that RSI has not violated its trendline of higher lows.

Annotated Chart for DISH:


Picked on Oct 03 at  39.95
Change since picked: +0.25
Earnings Date:    08/13/03 (confirmed)
Average Daily Volume:  2.2 million




---

Genzyme Corp. - GENZ - cls: 47.99 chng: -0.62 stop: 45.75

Despite several attempted rallies over the past week, the
Biotechnology index (BTK.X) just can't seem to make any upward
progress.  Each rally attempt has been shoved back beneath the
20-dma ($473), which has now begun to roll lower.  Our GENZ play
is struggling in a similar fashion, as last week's pop up to the
$50 level has been rejected and the stock is coming back to test
support in the $47.50 area over the past couple days.  We're
still looking for a rally towards the $52 level ahead of earnings
on 10/15, but clearly time is running out.  A rebound from above
$47 can be used for initiating new positions, but remember that
we'll be dropping the play next Tuesday ahead of the company's
earnings report.  Maintain stops at $45.75, just below the bottom
of the rising channel.

Picked on October 1st at  $47.50
Change since picked        +0.49
Earnings Date           10/15/03 (confirmed)
Average Daily Volume =  2.93 mln




---


TYCO - TYC - close: 21.35  change: 0.01 - stop: 19.99

Tuesday, as opening statements began in the trial of TYC ex-CEO
Dennis Kozlowski, we counted six articles focusing on the trial.
TYC nevertheless managed another bounce from its rising trendline
that day.  Wednesday ended with TYC again above that trendline,
but the doji's short lower shadow would probably not count as a
bounce.  On a day when the Dow lost 0.25 percent, we're satisfied
with TYC's minimal 0.05 percent loss.

TYC's climb this week has been so gradual that it could more
nearly be described as consolidation.  In keeping with that
consolidation, the indicators flattened, with stochastics and RSI
flattening along trendlines they had previously violated.

Still, we can't ignore that doji sitting at the top of TYC's most
recent climb.  Such doji indicate indecision, but they can also
signal a trend change.  This one's opening and closing prices are
positioned in the middle of the small gap from mid-September.
TYC perhaps had trouble battling its way above that gap,
especially as the weak performance of the broader markets offered
it little momentum.  If that doji does signal a potential
reversal, however, the first line of defense will lie at the
moving averages grouped between $20.21 and $21.00.  Conservative
traders might position their stops beneath the 30-dma, while more
aggressive traders might feel comfortable with our current $19.99
stop, just below the rising 50-dma.  Because of those small-
bodied candles and Wednesday's doji, traders might wait for a
break above $22.00 for new entries.

Annotated Chart for TYC:


Picked on Sep 21 at  21.90
Change since picked: -0.55
Earnings Date:    11/04/03 (confirmed)
Average Daily Volume:    8 million




---

Zimmer Holdings - ZMH - cls: 57.20 chng: -0.09 - stop: 56.24*new*

After ZMH broke above its rising regression channel on Monday,
ZMH investors weren't at all sure whether they wanted to drive
the stock higher.  Tuesday, ZMH printed an inside-day candle.
That indecision continued Wednesday when ZMH printed a doji
inside Tuesday's range, printing the second inside day in a row.

News has been slight after the last week's acquisition of
Centerpulse.  Monday, the company announced a new global
executive team, and Wednesday, news circulated of other M&A's in
the sector. Perhaps with the news so light, ZMH needed to
consolidate recent gains.  Wednesday's doji was produced on less
than half average daily volume.  On a day when the Morgan Stanley
Healthcare Products Index RXP.X and many stocks in that sector
lost 0.33 percent and more, ZMH performed better.

We'll be watching for either a break above or below the inside-
day formations.  RSI continues its pattern of higher lows and
MACD slopes upward, so it's possible the break could be to the
upside.  We've raised our stop to $56.24 to bring us out of the
play if the break should be to the downside.  ZMH's earnings
release has now been scheduled for October 22, so those
considering an entry on a break above the inside-day formation
should be aware that the new entries would have to perform
quickly.

Annotated Chart for ZMH:


Picked on Sep 17 at   53.87
Change since picked:  +3.33
Earnings Date:    10/22/03 (confirmed)
Average Daily Volume:  2.2 million





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

Marsh & McLennan - MMC - close: 47.96 change: -0.54 stop: 49.75

As mentioned in the initial write up, MMC, won't be a fast mover,
but we certainly can't complain about the way it is continuing to
be rejected at the descending trendline that began in the middle
of June.  The bulls tried to rally on Monday, but the early rise
was quickly smacked down.  The past couple days have been
encouraging to the bears, especially today's rejection at the 20-
dma ($48.77) and subsequent 1.1% loss.  Despite all that
constructive price action, we're still waiting for our trigger to
be satisfied.  MMC needs to break the 200-dma (currently $47.44)
to convince us that the downside has potential.  The slight rise
in the 200-dma gives us the freedom to raise our entry trigger to
$47.40.  Wait for the trade under that level before playing,
either entering on the initial breakdown or on a subsequent
failed rebound below the descending trendline.  Remember, our
initial target will be $42, which provides a very attractive
risk-reward with our stop set at $49.75.

Picked on October 5th at  $48.18
Change since picked        -0.22
Earnings Date           10/21/03 (unconfirmed)
Average Daily Volume =  1.77 mln






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

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

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


Dendrite Int'l - DRTE - cls: 15.29 chng: -0.61 stop: 14.59

Helped along by the broad market strength, DRTE gave us a pretty
convincing breakout over $16 last Friday, complete with a pattern
of increasing volume.  That bullish picture has been fading all
week, with the stock heading sharply lower today for a loss of
3.8%.  That slide dropped the stock back under the center-line of
the rising channel and the next likely support levels are $15.00
and then again at $14.75.  A rebound from either of those levels
(preferably on strong volume) can be used for new entries, with
the 30-dma ($14.71) likely to provide reinforcement to that
support.  Our stop is currently at $14.59, just under last week's
intraday lows.  If that level of support is broken, then we'll
definitely want to be out of the play, as we would be faced with
a violation of the pattern of higher lows.  But until that
happens, we'll continue to advocate buying the dips, looking for
a move to our first target of $18.

Picked on September 24th at  $15.55
Change since picked           -0.26
Earnings Date              10/23/03 (unconfirmed)
Average Daily Volume =        180 K




---

Orbital Sciences - ORB - cls: 9.56  chng: -0.11 - stop: 9.24

ORB made the finals--the finals of the competition to build
Vietnam's first satellite.  The decision should be made by the
end of the year.  Perhaps all that indecision showing up on the
daily chart in the form of small-bodied candles and consolidation
formations will be resolved once Hanoi announces its decision.

Depending on how the upper trendline is drawn and which candle
shadows are included, the current consolidation pattern could be
a rectangular consolidation with flat bottom and flat top, or a
right triangle with a flat bottom and a descending top.  The
first is a continuation pattern, meaning that ORB would likely
break to the upside since that was the direction it was headed
before the pattern formed.  The second is a reversal pattern,
with the likely break to the downside.

As often happens with any consolidation pattern, oscillators give
few clues.  Possible lower highs show up on the oscillators, but
those same lower highs show up on the price chart, too, so this
is not divergence, bearish or otherwise.

The DFI.X, the AMEX Defense Index, also flattens, also printing a
doji on Wednesday.  Whatever ORB's pattern might be, it offers
clear-cut levels for new entries and stops.  New entries could be
found on an upside break of the upper trendlines, now converging.
However, since ORB has tentatively set its earnings release for
October 15-17, we would not suggest new entries at this time.  We
set our stop at the lower trendline.

Annotated Chart for ORB:


Picked on Sep 3 at   $9.18
Change since picked: +0.38
Earnings Date:    10/15/03-10/17/03 (unconfirmed)
Average Daily Volume:  347 thousand





==================================================================
STOCK SPLITS/ANNOUNCEMENTS
==================================================================


OTEX opens up to shareholders with a 2-for-1 stock split

Mid-session today, Open Text Corp's (NASDAQ:OTEX) Board of
Directors declared a 2-for-1 stock split of its common shares.

The payable date on the stock split is October 28th, 2003 to
shareholders on record October 22nd.  After the split OTEX will
have approximately 38.6 million shares outstanding.  This is
OTEX's first split since being listed on the NASDAQ in 1996.


About the company:
Since 1991, Open Text Corporation has delivered innovative ECM
software that brings people together to share knowledge, achieve
excellence, deliver innovation, and enhance processes. Its legacy
of innovation began with the successful deployment of the world's
first search engine technology for the Internet. Today, as the
leading global supplier of collaboration and knowledge management
software for the enterprise, Open Text supports fifteen million
seats across 10,000 corporate deployments in 31 countries and 12
languages throughout the world. As a publicly traded company, Open
Text manages and maximizes its resources and relationships to
ensure the success of great minds working together. For more
information, visit www.opentext.com
(Source: Company Press Release)



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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
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