Option Investor
Newsletter

Daily Newsletter, Wednesday, 11/05/2003

HAVING TROUBLE PRINTING?
Printer friendly version
PremierInvestor.net Newsletter                Wednesday 11-05-2003
                                                    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:      Markets Pause Ahead of CSCO's Numbers

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)
=================================================================
     11-05-2003            High     Low     Volume Advance/Decline
DJIA     9820.83 - 18.00  9859.34  9778.31 1.69 bln   1399/1397
NASDAQ   1959.37 +  1.41  1966.15  1938.22 1.93 bln   1543/1509
S&P 100   520.25 -  1.13   521.96   517.27   Totals   2942/2906
S&P 500  1051.81 -  1.44  1054.54  1044.88
RUS 2000  538.91 +  0.04   539.05   531.91
DJ TRANS 2932.74 -  8.82  2942.21  2914.64
VIX        16.86 +  0.31    17.32    16.55
VXO        17.56 +  0.14    18.33    17.44
VXN        25.20 -  0.49    26.08    25.20
Total Volume 4,025M
Total UpVol  2,131M
Total DnVol  1,790M
52wk Highs     697
52wk Lows       25
TRIN          1.00
PUT/CALL      0.69
=================================================================

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

Markets Pause Ahead of CSCO's Numbers
by James Brown

The major averages were close to unchanged by day's end but the
closing numbers hardly tell the whole story.  Investors took
profits early in the session and chose to ignore positive
economic news from the ISM services index and the U.S. factory
orders.  Yet the selling pressure could not gain any momentum and
shorts began to cover quickly in the last half hour ahead of
Cisco Systems' (CSCO) earnings report.  The heaviest selling hit
insurance, retail, and broker-dealer stocks.  The biggest gainers
were seen in homebuilders and semiconductors.  Gold futures added
another $2.70 to close at $382.70 and crude oil jumped $1.55 to
end at $30.30 a barrel.

Overall stocks were mainly flat to down.  Asian and European
exchanges closed negative but like their U.S. counterparts the
selling was mild.  Market internals for U.S. stocks were equally
flat.  Advancing issues were neck and neck with decliners 13 to
13 on the NYSE and 15 to 15 on the NASDAQ.  Up volume just
slightly out paced down volume on both exchanges.

Chart of the DJIA:


Chart of the NASDAQ:



U.S. Factory Orders for September were released today.
Economists had been looking for a 0.6 percent gain compared to a
0.8 percent decline in August.  The headline number came out at a
0.5 percent gain but the August number was revised upward from a
0.8 decline to 0.3 percent decline, which is definite
improvement.  Defense orders were sharply lower but demand for
non-defense goods jumped 4.1 percent in September, which is the
best monthly improvement in nearly a year.  Today's data is yet
another link in the chain of economic reports that shed light on
an improving manufacturing sector for the U.S. economy.

The ISM Services index or non-factory businesses index rose to
64.7 percent, the second-highest level on record.  This was the
fourth gain in five months and above estimates for a minor jump
to 63.4 percent.  The ISM Services index, like its bigger brother
the ISM factory report, indicates improvement or expansion with
any reading above 50.  Probably the most crucial part of today's
report was the employment component.  Today's ISM data showed
employment at its highest since November 2000.  It was only
yesterday that investors began to doubt there would be any job
improvement in this Friday's report from the Labor Department
because the Challenger Gray and Christmas layoff numbers had
jumped 125 percent.  Current forecasts show economists expecting
the Friday non-farm payroll report to improve by 65,000 jobs.
However, today's ISM services data has encouraged UBS Securities
to raise their estimates to a gain of 125,000 jobs.  This matches
Deutsche Bank Securities estimates for a 125,000 improvement in
the October jobs report.  Suddenly investors can renew their
positive expectations and Friday's numbers become even more
important.  Another jump in job creation and it could refill this
market's gas tank for another rally higher.  Any negative
surprise and bids could evaporate as the exits get crowded real
fast.

The economic data above should have carried more weight with
investors but Wall Street was more focused on the soon to be
announced earnings from Cisco Systems.  As a matter of fact many
traders believe the last half hour rally was short covering ahead
of the CSCO numbers.  Considering their earning results, short
covering would have been a wise move.  The company doubled its
net income from a year ago with 17 cents a share, which was 2
cents above estimates.  Revenues jumped 5.3% to $5.1 billion.
This was a record sales quarter for CSCO as the company
experienced its strongest demand in two years.  Analysts had been
looking for revenues near $4.86 billion.  CEO John Chambers was
cautiously optimistic as demand from telecom companies had risen
10 percent over the last quarter.  The stock jumped 6.6 percent
in after hours trading and could very well ignite a new rally in
the NASDAQ tomorrow.

Speaking of tomorrow economists will be looking for another
decline in the weekly initial jobless claims to the 380,000
level.  Last week initial claims rang in at 386K.  The
combination of CSCO's earnings surprise and the inability to
mount any sort of selling momentum today could easily send the
markets to new highs tomorrow.  We continue to urge caution on
bullish play selection but the 10,000 and 2,000 levels could be
price magnets that are too strong for the indices to resist.
Also on deck for tomorrow are the October same-store sales
numbers.  Trade carefully and watch those stop losses!



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

KB      Kookmin Bank               39.52    +1.37
ABC     Amerisourcebergen Corp     60.72    +4.32
NYB     New York Community Bank    37.52    +1.08
PHM     Pulte Homes Inc            92.00    +2.75
WEN     Wendy's Intl Inc           38.88    +1.16


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

SBL     Symbol Technologies Inc    14.52    +2.04
TOM     Tommy Hilfigger Corp       15.62    +1.24
PRTL    Primus Telecom Group       10.33    +1.14


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

TM      Toyota Motor Corp (ADS)    63.40    +1.62
IGT     Intl Game Technology       34.59    +2.28
CLX     Clorox Co                  47.27    +1.07
CI      Cigna Corp                 57.70    +1.80
WPI     Watson Pharmaceuticals     42.32    +3.88


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

CAJ     Canon Inc (ADR)            48.40    -1.25
IACI    Interactivecorp            34.19    -2.81
STT     State Street Corp          50.74    -1.63
ACL     Alcon Inc                  51.42    -1.59
SNN     Smith & Nephew Plc (ADS)   78.34    -1.96


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

AFL     Aflac Inc                  35.49    -1.01
JWN     Nordstrom Inc              30.10    -0.50
THO     Thor Industries Inc        61.49    -3.97
FUN     Cedar Fair                 28.15    -0.24



=================================================================
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 (c) 2003 PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form
PremierInvestor.net Newsletter                Wednesday 11-05-2003
                                                    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
=================================================================

In section two:

Tech Stocks
  Bearish Play Updates:  FLML
  Closed Bearish Plays:  FDS

Active Trader (Non-tech)
  New Bullish Plays:     STT
  Bullish Play Updates:  BDK, IR
  Bearish Play Updates:  BG, T


High Risk/Reward
  New Bullish Plays:     RAD
  Bullish Play Updates:  GNTX


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

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

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

Flamel Tech. S.A. - FLML - cls: 24.97 chng: -0.93 stp: 28.00*new*

While it isn't setting any speed records, FLML is performing
nicely so far, having crept its way below the $25 support level
on Wednesday, although just barely.  Ever since this downtrend
began, the 10-dma ($26.86) has been providing intraday resistance
and it did just that again on Tuesday as FLML rolled over again.
The price is now technically into the gap from late August.
That's the first step along the path to reaching our $20 target
and traders that took an entry on the failed rebound at the 10-
dma yesterday look to be in good shape.  Additional failed
bounces near that moving average can still be used for entry,
while momentum traders can now look for entry on a break below
today's intraday low ($24.20).  There may be some mild support
found in the $22.25-22.50 area on the way down, so conservative
traders can look to harvest some gains near that level, once
reached.  Lower stops to $28, which is just above the intraday
highs on Tuesday.

Picked on November 2nd at $25.25
Change since picked        -0.28
Earnings Date            1/29/04 (unconfirmed)
Average Daily Volume =  1.56 mln





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

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

Factset Research - FDS - close: 44.15  change: +0.83  stop: 45.26

Wednesday, FDS rose to test its broken trendline.  While the rise
takes the form of a typical bear-flag rise into resistance, we
can't help noting the strengthening in the oscillators.  RSI hit
its descending trendline and bounce back up again, predicting the
rise we've seen in the price, too.  Both MACD and 21(3)3
stochastics attempt bullish crosses.  While we might have been
comforted by the low volume on this rise, only two-thirds of
average daily volume, and also noted that RSI, while rising, yet
remains at a neutral 50-ish reading, we don't like those
oscillators.  We now anticipate that FDS may rise to test the
averages descending toward the current level and could bounce
higher.  It would now take a drop below $43.00, the site of the
short-term ascending trendline of its possible bear flag, to
convince us to stay in the play.  It seems more likely that FDS
will move higher than make that drop.  It's time to close the
play.

Picked on Oct 17 at  43.65
Change since picked: +0.50
Earnings Date:    09/16/03 (confirmed)
Average Daily Volume:  393 thousand





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

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

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


State Street Corp. - STT - close: 50.74 change: -1.63 stop: 53.75

Company Description:
State Street is a bank holding company and is one of the world's
leading specialists in serving institutional investors.  The
company provides a full range of products and services for
portfolios of investment assets.  Customers include mutual funds
and other collective investment funds, corporate and public
pension funds, corporations, unions and non-profit organizations
both in and outside of the United States.

Why we like it:
STT went along with the rest of the Financial sector throughout
the past several months, but somehow things have changed just a
bit in recent weeks.  Since the company reported strong earnings
in mid-October, the stock has put in a double-top formation, with
the second peak being just slightly lower than the first.  It was
hard to read much into that formation until today, when the stock
lost more than 3% on volume that nearly doubled the ADV.  The
double top formation will be complete if STT breaks below the low
($49.40) between the peaks.  The PnF chart is still on a Buy
signal, but it will issue a fresh Sell signal on a trade at $49.
That sell signal would generate an initial bearish price target
of $44, which lines up nicely with strong support at $44.

We're going to use a trigger of $49.35, and will recommend new
entries on a break below that level, looking for a profit target
of $44.  There's still the risk of a potential bounce from
$47.75-48.00, but that is likely to be a weak bounce, setting up
a continuation entry when it rolls over below $50.  Traders
wanting to avoid the risk of a bear trap on the initial break
below our trigger should look for that rollover below $50 as
their opportunity to enter the play.  We're initially using a
stop at $53.50, just below the top of the last failed rally.

Annotated Chart of STT:


Picked on November 5th at $50.74
Change since picked        +0.00
Earnings Date            1/13/04 (unconfirmed)
Average Daily Volume =  1.63 mln




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

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


Black Decker CP - BDK - close: 47.94  change: 0.31  stop: 45.20

With the Dow Jones US Home Construction Index $DJUSHB gaining
3.26 percent Wednesday, toolmaker BDK gained, but more modestly.
BDK continues to consolidate above $47.00 as its moving averages
rise beneath it.  In the interest of making charts legible, we
haven't included the 5(3)3 stochastics, but they've been in full
bearish roll while BDK consolidated above support.  This is a
bullish development because when they cycle up again, BDK could
break out to the upside. RSI already attempts to hook up again.

Still, we wouldn't be surprised to see a day or two of declines
before BDK moves up again.  That was BDK's pattern in mid-
October.  Any such dip might offer another entry as long as the
bounce occurred from above $46.00.  Also check volume patterns as
volume should not be strong on the decline.  As we have cautioned
before, our $49.50 target makes momentum entries on a breakout
above recent prices too risky to consider.

BDK announced a bit of news Tuesday that might have helped it to
steady and move up again.  Johnson Controls signed an agreement
with BDK, with the two planning to work together on modules for
Johnson Control's Railport(TM) Vehicle Personalization System.

Annotated Chart for BDK:


Picked on Oct 03 at  46.16
Change since picked: +1.78
Earnings Date:    10/22/03 (confirmed)
Average Daily Volume:  824 thousand




---


Ingersoll-Rand - IR - close: 60.17 change: +0.15 stop: 57.50

While it would have been nice to see IR break out over $60 and
never look back, it really wasn't a realistic expectation.
Besides, that dip down to the $59.00-59.50 area earlier this week
was just the pullback entry point we were looking for.  Hopefully
some of you got a piece of that action.  Since that dip, the
stock has been gently rebounding after finding support at the 10-
dma (currently $59.61).  It looks like the beginning of another
attempt at a break into the upper half of the rising channel, and
aggressive traders can use a rally through $61.25 (above both the
midline of the channel, as well as last Thursday's intraday high)
as an entry trigger.  More cautious traders can still use
pullbacks near the 10-dma as an entry signal.  Maintain stops at
$57.50 for now, as that is just below the 30-dma ($57.53) and the
bottom of the channel.

Picked on October 29th at $60.68
Change since picked        -0.51
Earnings Date            1/21/04 (unconfirmed)
Average Daily Volume =  1.23 mln






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


Bunge Limited - BG - close: 26.29 change: -0.31 stop: 28.00*new*

Timing is everything and it looks like we got it just about right
on our BG play.  After flirting with the $27 support level last
Friday and then again on Monday, BG really got moving to the
downside yesterday and continued that slide today.  The stock has
now clearly broken down from its 6-week neutral wedge and now
looks destined for our target in the $24.00-24.50 area, where
strong historical support comes into play.  The only potential
fly in the ointment is the fact that the company reaffirmed
earnings estimates tonight after the close.  If that new is well
received, we could be looking at a rebound in the morning.
Aggressive traders can still consider entries on a breakdown
under $26 (high risk) while bargain hunters can look to pounce on
a failed bounce below $27.  BG should not be able to get back
above the 20-dma ($27.54), or the 200-dma ($27.78), so we're
lowering our stop to $28.00.

Picked on November 2nd at $27.10
Change since picked        -0.81
Earnings Date            1/29/04 (unconfirmed)
Average Daily Volume =     474 K





---


AT&T - T - close: 18.68  change: -0.12  stop: 20.49

Telecommunications stock suffered in Asian and European trading
Wednesday, and that was true of U.S. trading, too.  The North
American Telecommunications Index $XTC.X lost 0.41 percent, with
some of those losses attributable to T's 0.64 percent decline.

Although T's decline was on lighter-than-average volume, volume
confirmation does not prove as important in declining markets as
in rising markets.  A move below last week's $18.31 low should
accelerate the declines.  That $18.31 low occurred near the 50
percent retracement of T's rally from its spring low, so some
support could be expected at that level. Those seeking a momentum
entry could enter on a move below that level, but those momentum
entries would not have as much cushion as those entered on a
bounce-and-rollover scenario.

If Thursday sees a CSCO-engendered bounce in the markets, T could
participate.  A bounce and rollover from below the 200-dma would
offer new entries.  Make sure that the bounce is not accompanied
by expanding volume, however.

Annotated Chart for T:


Picked on Oct 29 at  19.07
Change since picked: -0.39
Earnings Date:    10/21/03 (confirmed)
Average Daily Volume:  7.0 million





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

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

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

Rite Aid - RAD - close: 5.95  change: +0.17  stop: 5.49

Company Description:
Rite Aid Corporation is one of the nation's leading drugstore
chains with annual revenues of nearly $16 billion. On October 25,
2003, Rite Aid operated 3,386 stores compared to 3,416 stores
operated in the like period a year ago.  (Source:  Company Press
Release.)

Why We Like It:
Tuesday, RAD reported same-store sales for October increasing 6.9
percent.  Most leading drugstore chains saw strong same-store
sales, with rising prescription demand and profitable front-end
items such as cosmetics and Halloween candy helping the stores
achieve those higher sales.  RAD in particular mentioned that
prescription volume increased.

RAD had a delayed reaction to those strong sales.  Tuesday, the
stock printed a doji, but did close above its 10- and 30-dma's.
Wednesday, the stock used those two moving averages as
springboards, climbing above the descending trendline that had
formed the top of its bull flag.  RSI had already been signaling
that prices would improve, and now stochastics and MACD show the
first hint of bullish crosses, too.  If price and stochastics
both continue to move higher here, bullish divergence would have
been shown.

Those bullish crosses have not yet been accomplished, however,
and volume has not yet expanded significantly with the increase
in price.  We're setting a trigger over $6.00, but conservative
traders might want to wait for a move above the $6.16 high from
early October.  Those who prefer pullback entries might watch for
an intraday pullback to and bounce from the 21-dma, currently at
$5.83.  Our target will be $7.50.

Annotated Chart for RAD:


Picked on Nov 05 at   5.95
Change since picked: +0.00
Earnings Date:    09/25/03 (confirmed)
Average Daily Volume:  3.5 million





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

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


Gentex Corp - GNTX - close: 39.67  change: -0.19  stop: 37.49

Wednesday, GNTX announced that it had begun shipping its auto-
dimming rearview mirrors for use in two of Toyota's 2004 models,
the SUV dubbed the RAV4 and the Prius hybrid sedan.  Although
Toyota (TM) gained in U.S. trading after announcing earnings at
the close of the Nikkei, GNTX did not benefit from the
connection.  The stock lost 0.48 percent, perhaps suffering from
the hit Ford took after having its credit rating lowered to one
step above junk status.

The play has not triggered, but we noted when we first listed the
play that some stocks form a second right shoulder in an inverse
H&S formation.  That appears to have been happening, with GNTX
again returning to test that trendline after forming a truncated
second right shoulder.  MACD tries to turn up, while other
indicators oscillate in an ambiguous manner.

Annotated Chart for GNTX:


Picked on Oct 29 at  39.69
Change since picked: -0.02
Earnings Date:    10/15/03 (confirmed)
Average Daily Volume:  520 thousand





=================================================================
Split Trader/Stock Splits
=================================================================

Announcements
-------------

ATA amplifies shares with a 2-for-1 stock split

Shortly after today's opening bell, Apogee Technology, Inc.
(AMEX:ATA) announced that its Board of Directors has approved a 2-
for-1 stock split of its common shares.

The payable date for the stock split is set for December 11th,
2003 to shareholders on record November 17th.  After the stock
split, ATA will have approximately 11 million shares outstanding.
This is ATA's first stock split since being listed on the AMEX in
1988.

About the company:
Apogee Technology, Inc., designs, develops and markets integrated
circuits that incorporate the company's patented Direct Digital
Amplification (DDX.) technology. This all-digital, high efficiency
audio amplifier technology has significant commercial benefits
including enhanced sound quality, expanded functionality, reduced
product size and lower manufacturing costs compared to traditional
analog amplifier solutions. The company markets and sells its DDX
ICs to leading digital consumer electronic corporations worldwide.
(Source: Company Press Release)


---


SSYS declares 3-for-2 stock split

Before today's opening bell, Stratasys Inc. (NASDAQ:SSYS)
announced that its Board of Directors has approved a 3-for-2 stock
split of its common shares.

The payable date for the stock split is set for December 22nd,
2003 to shareholders on record November 20th.  This is SSYS's
first stock split since being listed on the NASDAQ in 1994.

About the company:
Stratasys, Inc. is in the three-dimensional solid imaging business
as a manufacturer of rapid prototyping systems for automotive,
aerospace, industrial, recreational, electronic, medical and
consumer products OEM's. The Company's patented Fused Deposition
Modeling (FDM) rapid prototyping processes create precision 3-
dimensional plastic and wax prototyping parts directly from 3-D
CAD systems. Stratasys holds over 110 granted and pending patents
worldwide focused on rapid prototyping. The Company is located at
14950 Martin Drive, Eden Prairie, Minnesota 55344-2020 and
www.Stratasys.com.  (Source: Company Press Release)

---



TRID digitalizes shares with a 3-for-2 stock split

Shortly after today's closing bell, Trident Microsystems Inc.
(NASDAQ:TRID) announced that its Board of Directors has approved a
3-for-2 stock split of its common shares.

The payable date for the stock split is set for December 12th,
2003 to shareholders on record November 26th.  After the stock
split, TRID will have approximately 22.4 million shares
outstanding.  This is TRID's first stock split since being listed
on the NASDAQ in 1992.

About the company:
Trident Microsystems, Inc., with headquarters in Sunnyvale,
California, designs, develops, and markets integrated circuits
(ICs) for CRT TV, LCD TV, PDP TV, HDTV, and digital set-top box.
Trident's products are sold through a network of OEMs, original
design manufacturers, and system integrators worldwide. For
further information about Trident and its products, please consult
the company's web site: http://www.tridentmicro.com
(Source: Company Press Release)



=================================================================
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 (c) 2003  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.

DISCLAIMER

Option Investor Inc is neither a registered Investment Advisor nor a Broker/Dealer. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All opinions, analyses and information included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we do not necessarily update such opinions, analysis or information. Owners, employees and writers may have long or short positions in the securities that are discussed.

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

To ensure you continue to receive email from Option Investor please add "support@optioninvestor.com"

Option Investor Inc
PO Box 630350
Littleton, CO 80163

E-Mail Format Newsletter Archives