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Daily Newsletter, Wednesday, 11/19/2003

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PremierInvestor.net Newsletter                Wednesday 11-19-2003
                                                    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:      Stocks End Losing Streak



=================================================================
MARKET WRAP  (view in courier font for table alignment)
=================================================================
     11-19-2003            High     Low     Volume Advance/Decline
DJIA     9690.46 + 66.30  9707.64  9614.24 1.62 bln   1712/1105
NASDAQ   1899.65 + 17.90  1903.43  1880.31 1.78 bln   1805/1269
S&P 100   516.82 +  4.60   517.57   512.22   Totals   3517/2374
S&P 500  1042.44 +  8.29  1043.95  1034.15
RUS 2000  525.62 +  3.94   527.15   519.84
DJ TRANS 2866.87 -  0.08  2878.21  2843.77
VIX        18.80 -  0.31    19.51    18.65
VXO        19.45 -  0.45    20.41    19.35
VXN        29.96 +  0.31    30.40    29.15
Total Volume 3,832M
Total UpVol  1,288M
Total DnVol  2,486M
52wk Highs     302
52wk Lows       47
TRIN          0.81
PUT/CALL      0.87
=================================================================

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

Stocks End Losing Streak
by James Brown

U.S. stock market averages ended a four-day losing streak as
Jim's mysterious buyers* arrived on time to buy the dip (*see
yesterday's wrap).  Strong housing data and a round of positive
corporate news ushered in a wide rally.  Only airlines and oil
service stocks seemed to attract any heavy selling while buyers
concentrated on technology with Internets, semiconductors,
networking and biotech lead the way.  Rumors were circling that
the Bank of Japan intervened last night to lift the dollar off
its five-year lows against the yen near 107.55.  The greenback
also bounced back from its all-time lows against the euro.

Foreign exchanges were not so lucky.  The Japanese NIKKEI index
fell 282 points to close at 9614.  This comes on the heels of
Monday's 380-point loss.  The Hang Seng dropped another 154
points to follow up on its 200-point drop from Monday.  The drop
was likely fueled by the new import caps on Chinese textiles
announced yesterday.  The Hang Seng closed at 11,872.  European
stocks were mostly lower following the weakness from their Asian
counterparts.

The broad-based rally here at home lifted 25 out of 30 Dow
components and the majority of sector indices closed green.
Advancing stocks ran past decliners 17 to 11 on the NYSE and 18
to 12 on the NASDAQ.  Up volume was about twice down volume on
both exchanges.  The 66-point bounce in the DJIA lifted the index
back towards the 9700 level but it failed to close above it.
Likewise the 17.9-point rally in the NASDAQ took it right to the
1900 mark but failed to close above it.  That doesn't sound very
convincing if you're looking for new bullish positions.  Yet
looking at the rising trend from March you'll notice that most of
the short-term lows took a good three or four days to consolidate
before the next rebound truly appeared.

Chart of the DJIA:


Chart of the NASDAQ:



The economic news of the day was the U.S. housing starts for
October.  The Commerce Department reported that the number of new
homes started in October jumped 2.9%.  This pushed the rate to an
adjusted rate of 1.96 million homes a year.  This was the highest
level since 1986 and well above analyst estimates of 1.85
million.  The report also said that new starts for single-family
homes jumped 5.7% to a rate of 1.62 million - another record
level not seen since the mid-1980s.  While the homebuilders
failed to rally on the report it is good news.  High home starts
and sales promote strong consumer spending, which will continue
to give the economy an underlying strength.

Thank goodness for a resilient retail investor because the feds
are busy on Wall Street again.  In addition to the growing mutual
fund scandal the FBI busted 37 brokers and charged 10 more in a
currency trading scam.  The bust came last night and authorities
arrested traders from J.P.Morgan UBS Warburg, even a former
employee of the Federal Reserve.  Thankfully, the markets
appeared to ignore the news and shares of JPM lost a mere 13
cents.

There were plenty of stocks making headlines today but none
bigger than General Electric (GE).  GE offered strong earnings
guidance for 2005 but said 2004 would likely be flat as it
adjusted its "portfolio" into a position to generate double-digit
growth again.  The company did raise its dividend by 5 percent
and said it would split off part of its mortgage and life
insurance business.  The IPO, expected to launch next year, is
called Genworth Financial and said to be worth as much as $10
billion.  GE plans to initially spin off 30% of the company
before slowly divesting themselves fully of the business.  GE's
stock was the most active on the Big Board today and closed up
3.6%.

Discount broker Charles Schwab (SCH) also made news when they
announced a $321 million acquisition of SoundView Technology
(SNDV).  This values SNDV at $15.50 and equals a 17 percent
premium above SNDV's stock price from yesterday.  SCH claims SNDV
will be a good addition to their own research operations.  Shares
of SCH dropped 8 cents to $11.34 and SNDV jumped 16% to $15.41.

Internet stocks made some gains today after a Smith Barney
analyst, Lanny Baker, said online advertising revenues should
jump 20 percent in 2004 and remain strong throughout 2005.
Yahoo! Inc. (YHOO) saw its price target raised $3 to $46 while
DoubleClick (DCLK) had its price target lifted $3 to $12 after
Lanny upgraded DCLK from a "sell" to a "buy".  The INX internet
index rose 2.54% after three days of heavy losses.

It was interesting to note the UTY utility index bounced 1.4%
after a government report came out today fingering Ohio's
FirstEnergy Corp as the culprit for the nation's largest
blackout.  FirstEnergy denies the claim but the report said
FirstEnergy failed to monitor its electrical transmission
systems.  The August 14th blackout spread to eight states and
took out 263 power plants.

Investors welcomed positive news from Analog Devices (ADI), Big
Lots (BLI) and United Health (UNH) as all three raised their
earnings guidance.  The ADI and UNH news helped fuel strong gains
in the SOX semiconductor index and the HMO healthcare index.
Wall Street received even more good news after the close with
earnings reports from retailer Hot Topic (HOTT) and Hewlett-
Packard (HPQ).  HOTT reported Q3 earnings of 31 cents a share,
which beat estimates by 3 cents.  Sales jumped 32 percent with
same-store sales climbing 10.8 percent.  Meanwhile Dow component
HPQ beat estimates by a penny, with 36 cents a share sans one-
time items.  HPQ's Q4 net profit came in at $862 million, which
was twice its year-ago numbers.  The company gave credit to
strong sales of technology services and PC's.

Tomorrow is up for grabs in my book.  Bulls would like to see
some follow through on today's bounce but as I mentioned earlier
previous lows all took three or four days to consolidate before
buyers could initiate the next rebound.  The markets continue to
receive positive economic and corporate earnings news but the
urge to harvest gains appears to be growing as we approach the
end of the year.  This belief that investors are comfortable with
their year-to-date gains and therefore less likely to chase
stocks higher could lead to a range bound market.  Overall the
mutual fund scandal and rising geo-political tensions are
psychological hurdles that could put the brakes on this
traditionally bullish season.  As Jim mentioned in his wrap
yesterday the situation regarding Syria is heating up and I read
a newsflash today stating the U.S. had just doubled the number of
troops on the Iraq-Syrian border.

Thursday will bring a number of earnings announcements from the
retail sector.  Announcing are: American Eagle Outfitters (AEOS),
Barnes & Noble (BKS), Borders Group (BGP), Claire's Stores (CLE),
The Gap (GPS), Foot Locker (FL), and Limited Brands (LTD).  Also
announcing is Dow component Disney (DIS).



=================
  Trading Ideas
=================

The Trading Ideas column should be back on Monday, Nov. 24th.



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PremierInvestor.net Newsletter                Wednesday 11-19-2003
                                                    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
  New Bullish Plays:     ZBRA
  Bullish Play Updates:  CTSH

Active Trader (Non-tech)
  Bearish Play Updates:  T, PVN
  Closed Bullish Plays:  RSH

High Risk/Reward
  New Bullish Plays:     JNPR
  New Bearish Plays:     CYD
  Bullish Play Updates:  HPC, RAD, STLD
  Bearish Play Updates:  SLR, TRMS
  Closed Bullish Plays:  GNTX

Split Trader/Stock Splits
  Announcements:         AMHC, MMSI, ROST


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

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

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


Zebra Tech - ZBRA - close: 60.20 change: +1.05   stop: 57.99

Company Description:
Zebra Technologies Corporation delivers innovative and reliable
on-demand printing solutions for business improvement and
security applications in 100 countries around the world. More
than 90% of Fortune 500 companies use Zebra-brand printers. A
broad range of applications benefit from Zebra-brand thermal bar
code, "smart" label, receipt, and card printers, resulting in
enhanced security, increased productivity, improved quality,
lower costs, and better customer service. The company has sold
more than three million printers, including RFID printer/encoders
and wireless mobile solutions, and also offers software,
connectivity solutions, and printing supplies.  (Source:  Company
Press Release)

Why We Like It:
ZBRA has profited from good news lately.  October 23, it posted
earnings that showed the company benefiting from a stronger euro
and sales in emerging markets.  At the close of trading October
31, Standard and Poor's added ZBRA to its S&P SmallCap 600 and
S&P REIT Composite Indices.  Early this month, ZBRA announced an
alliance with a company that provides data collection and
integration solutions for companies running some SAP systems.
The alliance targets companies involved with consumer packaged
goods, retail and pharmaceuticals.

With that good news and an ascending triple top breakout P&F buy
signal produced on November 3, and with an upside target of
$65.00 backing up our $65.00 target, we feel good about this
play.  In addition, the bar chart shows the strong base ZBRA
formed at $58.00 before beginning the current assault on its all-
time high at $60.77.  We've set a trigger at $60.80, just above
that all-time high.

Annotated Chart for ZBRA:


Picked on Nov 19 at  19.07
Change since picked: +0.00
Earnings Date:    10/23/04 (confirmed)
Average Daily Volume:  618 thousand





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

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


Cognizant Tech. - CTSH - cls: 45.08 chng: +0.69 stop: 43.50*new*

After failing to break to new highs last week, shares of CTSH
needed to pull back and consolidate a bit for the next bullish
move.  As expected, the $44 level has proved to be solid support,
with buyers defending that level each day this week.  While
today's bounce was fairly small, it looks like it could be the
beginning of the next rebound attempt.  With support from the
bottom of the rising channel ($43.90) and the 30-dma ($44.15)
rising to meet price action, entries near this support certainly
look favorable on a risk-reward basis.  If CTSH is going to make
another bullish run, then the bottom of the channel should not be
broken, and that gives us the ability to raise our stop to
$43.50.  Traders looking for some conviction before playing will
want to wait for a move back over $45.50 (breaking the short-term
descending trendline) before entering the play.  The first major
upside test will come near $47 and if the stock can break above
that 3-week resistance level, we can set our sights on a run up
towards the top of the long-term rising channel, currently just
below $50.

Picked on November 12th at $46.86
Change since picked         -1.78
Earnings Date             1/20/04 (unconfirmed)
Average Daily Volume =   1.05 mln






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


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

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


AT&T - T - close: 19.22  change: 0.08  stop: 20.05

All week, T's media department remained busy producing press
releases on new T contracts.  Another news service released the
information that Mexican telecom Alestra, owned by T, had finally
concluded an exchange offer.  A lack of interest had made
negotiations difficult for the company, necessitating seven
extensions to the $570 million offer.

The news appeared to have little impact on T's trading pattern.
The stock consolidates in an ever-tightening triangular pattern.
While it consolidates, oscillators such as stochastics, MACD, and
RSI have generally been slanting higher.  That can be a bearish
sign, showing that despite the upward momentum, the price was not
able to make upward progress.  When those oscillators top out and
roll over again, price then often moves down.

We wouldn't be surprised, however, to see T first pop up to test
its descending 30-dma.  Any bounce and rollover would offer a new
entry as T rolls down through its 200-dma again. A breakdown out
of the triangular pattern would also offer an entry as T moved
down through that 200-dma.

Annotated Chart for T:


Picked on Oct 29 at  19.07
Change since picked: +0.15
Earnings Date:    10/21/03 (confirmed)
Average Daily Volume:  7.0 million



---

Providian Financ. - PVN - cls: 10.52 chng: +0.11 stop: 11.20

After breaking down last week, shares of PVN fell as low as $9.97
on Monday before finally seeing a bounce.  This rebound is really
no surprise, given the solid support at $10.  While the stock did
manage a 1% rebound on Wednesday, the fact that it came on very
light volume hints that perhaps this rebound is already running
out of steam.  The ideal entry setup of a rollover below the
$10.75 level, just under the 10-dma ($10.80) could present itself
before the week is out.  With the 200-dma now rising to $9.20, we
may have to content ourselves with a target in the $9.25-9.50
area.  Waiting for the rollover before entry is the best course
of action at this point due to the fact that the oscillators are
starting to turn up.  We need to let them run their course and
then enter on price weakness as the oscillators once again
flatten and turn down.  Maintain stops at $11.20.

Picked on November 12th at $10.88
Change since picked         -0.36
Earnings Date             1/28/04 (unconfirmed)
Average Daily Volume =   2.92 mln






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

  --------------------
  Closed Bullish Plays
  --------------------


RadioShack - RSH - close: 30.33  change: -0.32  stop: 30.30

Although the S&P Retail Index and many electronics retailers such
as CC and BBY gained in Wednesday's trading, RSH hit our stop
during early-morning weakness.  It rebounded from its test of its
50-dma and closed above $30.00 again, but could not close above
its 30-dma.  An examination of intraday volume patterns shows the
biggest spikes during the up moves, but RSI, stochastics, and
MACD all still turn down.

We're not sure what happened to RSH and why it performed
differently than BBY and CC.  We don't find any reports of
downgrades, but the weakness relative to other retailers may be
providing a warning to RSH investors.

Picked on Nov 12 at  32.15
Change since picked: -1.82
Earnings Date:    10/21/03 (confirmed)
Average Daily Volume:  1.2 million





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

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

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


Juniper Networks - JNPR - close: 17.69 change: +0.39 stop: 16.25

Company Description:
Juniper Networks, Inc. is a provider of network infrastructure
solutions that transform the business of networking by converting
bandwidth into a dependable and secure corporate asset.  The
company's products, services and solutions enable service
providers and other network-intensive businesses to support and
deliver services and applications on an efficient and low-cost
integrated network.  Products are designed and purpose-built for
service provider networks and offer its customers high
performance with less complexity and cost than legacy
alternatives.

Why we like it:
Ever since the first leg of the rebound off the March lows
finished its first leg in early June, JNPR has settled into a
steady price advance within a rising channel.  Each visit to the
top of the channel meets with selling pressure, while any drop
near the bottom of the channel sees renewed buying interest.  The
50-dma ($17.18) has been critical as well, with each successive
dip having a harder time penetrating this average.  The late
October dip barely penetrated the 50-dma before once again
sending the stock to new highs for the year.  JNPR is still on a
PnF Buy signal and even though the vertical count of $15 has
already been exceeded, we're looking for a continued rally to
take the stock up near the $20 level for another test of the top
of the channel.

Today's rebound from just above the 50-dma looks like the
beginning of that next upward leg, and this seems to be a
favorable entry point into that move before it really gets
moving.  A dip as low as $17 (currently the bottom of the
channel) can be used for aggressive entries, while more
conservative traders may want to wait for a rally through the
$18.10 level, which would take the stock through near term
resistance at the 10-dma ($18.18) and 20-dma ($17.96).  Initial
stops will be placed at $16.25, which is just slightly below the
low of the late October dip ($16.27), as well as the upward-
sloping lower Bollinger band.

Annotated Chart of JNPR:


Picked on November 19th at  $17.69
Change since picked          +0.00
Earnings Date              1/08/03 (unconfirmed)
Average Daily Volume =    10.2 mln





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


China Yuchai Intl - CYD - close: 16.55 change: -1.15  stop: 29.01

Company Description:
China Yuchai International is an exporter and manufacturer with
executive offices in Singapore and manufacturing facilities in
China.  The company's product range includes auto diesel engines
for all kinds of light, medium, or heavy duty automobiles with
the power ranging from 74KW to 199KW; engineering machinery and
marine diesels with the power ranging from 53KW to 112KW; and
stationary and movable diesel generator power station for all
series of diesel engines with the power ranging from 12KW to
120KW.  (Source:  Company Website.)

Why We Like It:
In mid October, the Pacific Exchange began listing this engine-
maker on its exchange.  That day, the shares gained on almost
four times average daily volume, sending the shares hurtling
toward their November high.  Volume has remained high since that
time, with average daily volume rising from the then 800 thousand
average to the present 4.0 million average.  Not all that volume
has been positive, however, as volume has been increasing as CYD
falls from its November high.

We chose this play because of the technical aspects showing up on
its bar chart, including a likely "b" distribution pattern.
These types of patterns usually break to the downside.  Helping
to confirm the importance of a break of the recent support just
above $25.00 is a Fibonacci retracement that follows CYD's
phenomenal rise from less than $6.00 early this summer to this
month's $37.24 high.  That recent support lies at the 38.2
percent Fib rally retracement level.  A break of that support
should call for a retest of the 50 percent retracement level at
$21.42 and perhaps even a test of the 61.8 percent retracement at
$17.66.

CYD's P&F chart also shows a sell signal with a $17.50 downside
target, affirming our belief that our $20.00 target is an
achievable one.  We're setting a trigger on a move below $25.00.
Although we expect to see volatility as CYD approaches the 50-
dma, currently at $23.85, the 30-dma has proved more important in
recent months and CYD is already below that moving average.  The
necessity to place the stop so high
makes this a high-risk play.

Annotated Chart for CYD:


Picked on Nov 19 at  26.55
Change since picked: +0.00
Earnings Date:    03/25/03 (confirmed)
Average Daily Volume:  4.0 million





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

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


Hercules Inc. - HPC - close: 10.21 change: +0.14  stop: 9.99

HPC has not yet triggered this play with a move above $10.51.
It's been taking its time, consolidating above its 200-dma in a
bullish triangular formation with a flat top at $10.50 and a
rising bottom trendline roughly defined by the 200-dma.

As HPC consolidates, volume has been dropping lower, as is
appropriate behavior for a consolidating stock.  Since this play
remains a high-risk bet on the typical Fibonacci retracement of
50 percent of a steep decline, participants might want to confirm
that volume expands on a breakout before taking a position.  As
MACD slants up toward the signal line, it will soon be now-or-
never time for this play, as MACD either breaks above signal as
price does, or as MACD rounds down below signal and price breaks
lower, too.  It shouldn't be long.

Annotated Chart for HPC:


Picked on Nov 14 at  10.36
Change since picked: -0.15
Earnings Date:    10/30/03 (confirmed)
Average Daily Volume:  864 thousand



----


Rite Aid - RAD - close: 5.97  change: -0.03 stop: 5.75

Wal-Mart's (WMT) disappointing results continue to weigh on the
drugstore companies, but many steadied in Wednesday's trading.
WMT moved higher, CVS printed a doji just above support, and WAG
climbed.  RAD slipped just below $6.00, but it did so on about
half daily average volume.  It managed a close at the $5.97
support, above the linked 21- and 30-dma's at $5.94 and $5.93,
respectively.

One troublesome sign remains the bearish divergence on the MACD.
We would like to see MACD push up through its new descending
trendline as price moves higher.  Since MACD sometimes moves
slowly, that push might come after the price move, but confirm
that RSI has turned up before entering new positions on bounces
from the current level.  RSI moves faster, being a more sensitive
indicator.  Some might prefer to wait for a bounce above the
month's high for a momentum entry, confirming that volume expands
with such a move.

Annotated Chart for RAD:


Picked on Nov 05 at   5.95
Change since picked:  +0.02
Earnings Date:    09/25/03 (confirmed)
Average Daily Volume:  3.5 million



----



Steel Dynamics - STLD - close: 19.42 change: -0.16  stop: 17.99

Tuesday, Standard & Poor's Ratings Services announced that it was
raising STLD's $187.5 million senior secured bank credit facility
and also affirmed its other ratings for STLD.  The $187.5 million
senior secured bank credit was raised to a "BB" rating from the
previous "BB-."  Standard & Poor's noted that the company's
capital structure had improved.  This good news was combated by
the uncertainty surrounding the compromise talks underway to end
U.S. tariffs on imported steel.  The steelmakers tentatively
agreed to the compromise, ending the tariffs six months early,
but only because they're threatened with a plan to end them
immediately.

While these negotiations continued, STLD retreated to the years-
long horizontal S/R that it broke through last week.  It has
managed closes above $19.00 and its 10-dma, but RSI continues to
decline.  Volume proved heavier than average, something that we
didn't want to see, but an examination of intraday volume showed
the heaviest volume spike on an up move.  RSI continues to slant
down, breaking through its ascending trendline on Wednesday.
Because that trendline had risen so high, we're not sure whether
the RSI trendline break was as significant as it might otherwise
have been, but that trendline break is somewhat worrisome.

Because of the uncertainty concerning the tariffs and the rising
volume on a declining day, we're not sure whether we would
suggest new entries until STLD breaks above last week's high.
Confirm rising volume if that break occurs.

Annotated Chart for STLD:


Picked on Nov 12 at  19.78
Change since picked: -0.36
Earnings Date:    10/22/03 (confirmed)
Average Daily Volume:  359 thousand





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


Solectron Corp. - SLR - close: 5.40 change: +0.03 Stop: 6.02

With the Semiconductor index (SOX.X) trying to hold onto support
near the $500 level, our SLR play is rebounding from just above
the $5.00 level that we suspected might act as near-term support.
The dominant factor though is the broken support at $5.50, which
should now be strong resistance.  Traders that didn't enter on
the initial breakdown appear to be getting a second chance and a
rollover in the $5.50-5.75 area can be used for new entries.  The
combined resistance of the 10dma and 20-dma (both at $5.70)
should reinforce that resistance and continue to pressure the
stock lower.  Once below Monday's intraday low, we can look for
downside continuation and a drop to our $4.50 target.  If looking
to enter on weakness, then make sure the SOX is falling and back
under the $500 level.  Maintain stops at $6.02, which in addition
to being just above the high from last Thursday, is right at the
50-dma.

Picked on November 16th at  $5.58
Change since picked         -0.18
Earnings Date            12/22/03 (unconfirmed)
Average Daily Volume =   5.41 mln




---


Trimeris, Inc. - TRMS - close: 21.65 chng: -0.45 stop: 23.40*new*

It looks like that break of the $23 support level was
significant, because once below that level, TRMS has just
continued to lose ground.  Even a rebound in the broad market and
the Biotechnology sector (BTK.X) couldn't keep the stock from
falling and once again closing near it's low of the day.  TRMS is
making steady progress towards our initial target of $20 and at
the current rate, could see that level by the end of the week.
Since rolling over on November 10th, the stock has been headed
lower in a descending channel, the bottom of which hits $20 by
the end of the week.  Breakdown entries at this point seem a bit
on the aggressive side, but those still looking for an entry can
consider a failed bounce below $22.25, which is currently the top
of the descending channel.  Conservative traders should look to
harvest profits near the $20 level if reached by the end of the
week, while those willing to risk a bounce can hold on for a
continued decline towards the $18 level.  We're lowering our stop
to $23.50 tonight, which is just above Monday's intraday high.


Picked on November 16th at $23.20
Change since picked         -1.55
Earnings Date            10/15/03 (confirmed)
Average Daily Volume =      629 K






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

  --------------------
  Closed Bullish Plays
  --------------------


Gentex Corp - GNTX - close: 39.62 change: +0.35   stop: 39.15

Still suffering from Prudential's downgrade last Thursday, GNTX
dipped exactly to our $39.15 stop before climbing most of the
rest of the day on Wednesday.  Three times, however, GNTX tried
to climb above $40.00 again, and was turned back each time just
below $39.90.  It fell back slightly into the close, closing just
below its 21-dma.  It did not manage to retrace more than half of
Tuesday's big decline, a sign of lingering weakness.  GNTX's
chart has tended to mirror F's, and we note weakness in F through
the early part of the week, too, with F also springing up from
its test of support on Wednesday.  Was GNTX's pop above that
inverse neckline a trap for bulls or has this dip below it been a
trap for the bears?  Only time will tell, but both GNTX and F
display charts with bearish crosses on the daily MACD.  On GNTX's
chart, RSI hooked up on GNTX's stock as it climbed through the
afternoon.

Picked on Oct 29 at  39.69
Change since picked: +0.05
Earnings Date:    10/15/03 (confirmed)
Average Daily Volume:  520 thousand






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

Announcements:
-------------


AMHC declares first split since 2001.

Before today's opening bell, American Healthways Inc (NASDAQ:AMHC)
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 19th,
2003 to shareholders on record December 5th.  The stock split
would increase shares of AMHC to approximately 32 million.  This
would be AMHC's first stock split since the fourth quarter of
2001.


About the company:
American Healthways (AMHC) is the nation's leading and largest
provider of specialized, comprehensive disease management and care
enhancement services proven to improve the quality of health care
and lower costs. As of Aug. 31, 2003, the Company had 838,000
actual lives under management nationwide. For more information
visit www.americanhealthways.com.
(Source: Company Press Release)


---


MMSI manufactures a 4-for-3 stock split for its shareholders

Before today's opening bell, Merit Medical Systems Inc.
(NASDAQ:MMSI) announced that its Board of Directors has approved a
4-for-3 stock split of its common shares.

The payable date for the stock split is set for December 2nd, 2003
to shareholders on record November 28th.  The stock split will
increase MMSI's shares to approximately 26 million shares of
common stock outstanding.  This would be MMSI's second stock split
this year.


About the company:
Founded in 1987, Merit Medical Systems is a publicly traded
company engaged in the development, manufacture and distribution
of proprietary disposable medical products used in interventional
and diagnostic procedures, particularly in cardiology and
radiology. The company serves client hospitals worldwide with a
domestic and international sales force totaling approximately 74
individuals. Merit Medical employs approximately 1,200 individuals
worldwide, with manufacturing facilities in South Jordan and Salt
Lake City, Utah; Santa Clara, Calif.; Angleton, Texas; and Galway,
Ireland. For more information about Merit Medical, visit
www.merit.com.
(Source: Company Press Release)



---

ROST retails a 2-for-1 stock split and increases dividend

After today's closing bell, Ross Stores Inc (NASDAQ:ROST)
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 18th,
2003 to shareholders on record December 2nd.  In addition to the
stock split, the BoD declared a quarterly cash dividend of $0.0575
per common share, on a pre-split basis.  The payable date for the
dividend is set for January 2nd, 2004 to shareholders on record
December 2nd.


About the company:
Ross Stores, Inc. operates a national chain of 573 off-price
retail stores in 25 states, offering first quality, in-season,
branded apparel and apparel-related merchandise for the entire
family at prices that average 20% to 60% less than department and
specialty stores, as well as merchandise for the home at similar
savings. Additional information can be found on the Company's
website at www.rossstores.com
(Source: Company Press Release)



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