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Daily Newsletter, Wednesday, 01/07/2004

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PremierInvestor.net Newsletter                Wednesday 01-07-2004
                                                    section 1 of 2
Copyright (c) 2004, 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:      Techs Lead Again

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)
=================================================================
     01-07-2004            High     Low     Volume Advance/Decline
DJIA    10529.03 -  9.63 10539.46 10466.29 2.23 bln   1502/1359
NASDAQ   2077.68 + 20.31  2078.09  2047.02 2.27 bln   1819/1282
S&P 100   559.31 +  1.56   559.31   554.35   Totals   3321/2641
S&P 500  1126.33 +  2.66  1126.33  1116.45
RUS 2000  574.62 +  4.73   574.62   567.84
DJ TRANS 3034.06 -  3.20  3038.90  2999.97
VIX        15.50 -  1.23    16.75    15.50
VXO        14.85 -  0.49    16.14    14.75
VXN        21.91 -  0.85    23.01    21.81
Total Volume 4,903M
Total UpVol  2,859M
Total DnVol  1,958M
52wk Highs     812
52wk Lows       13
TRIN          0.86
PUT/CALL      0.69
=================================================================

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

Techs Lead Again
by James Brown

The Santa Claus rally has morphed effortlessly into a strong 
"January effect" and the trend from mid-December remains 
unbroken.  Charging to the forefront was the NASDAQ composite, 
which closed at 29-month highs (best since August 2001) on the 
backs of strong gains for the networking and disk drive sectors.  
Lending strength to the Dow and the NASDAQ 100 was component 
Intel, which jumped 3.3% on an upgrade.  Bonds rallied as well 
after comments from US Treasury Secretary John Snow rallied the 
dollar, if only for the day.  

Market internals were mostly bullish.  The NYSE saw 15 advancers 
for every 13 decliners.  On the NASDAQ there were 18 winners for 
every 13 losers.  Up volume outpaced down volume and overall 
volume remained relatively strong with more than 2 billion shares 
trading on each exchange.  Disk drives and networking stocks saw 
the heaviest buying today but airline stocks also turned in a 
good performance.  Out performers also included defense issues, 
biotech stocks and broker-dealers.  I did note that European 
bourses were mostly negative as was the NIKKEI but the Hang Seng 
posted another triple-digit gain.  Profit taking also slowed 
crude oil, which slipped 8 cents to $33.62 a barrel and February 
gold futures, which dropped 90 cents to $422.30 an ounce.

Chart of the DJIA:



Chart of the NASDAQ:



Intel was one of the market leaders today and shares added $1.09 
or 3.3 percent to close at $33.99.  The move was powered by 
positive comments from an analyst at Sanford Bernstein.  The firm 
upgraded the stock from "market perform" to "out perform" and 
raised their 2004 earnings estimates from $1.20 to $1.27 and its 
price target to $42.  They believe that seasonal price swings in 
chips will lead to a better than expected first half in 2004.  
Combine these comments with growing expectations for 
semiconductor sales to soar 17% to 20% in 2004 and it's easy to 
see why investors are moving money into the group.  On a side 
note, Intel announced this morning that it would be investing 
$200 million into a fund designed to "accelerate" digital home 
innovation.  

Another tech stock leader today and responsible for the strong 
gains in the NWX networking index is Nortel Networks (NT).  
Shares of NT soared 19 percent on volume of 138 million shares 
(average volume is just 17 million).  Driving the rally was an 
announcement that Verizon Communications (VZ) had chosen NT to 
equip them for VoIP (Voice over IP), the next big thing in 
telecom this year.  Dollar amounts were not disclosed but the 
huge move today is clear evidence that the markets are excited 
about VoIP and happy to see businesses spending money again.  The 
news prompted Merrill Lynch, Smith Barney and UBS to upgrade 
shares of NT.  

The markets were also encouraged by positive comments from 
personal products producer Procter & Gamble (PG) who announced 
that Q2 earnings (quarter ending Dec. 31st) would be above 
current analyst estimates by high as 4 cents a share.  The surge 
in profits is due to the early flu season and higher sales of 
cold remedies in their Vicks and NyQuil lines.  Current consensus 
is for net profit of $1.26 a share and PG will announce their 
results on January 28th.  

Disappointing investors today was software company JDA Software 
(JDAS) who warned that last quarter's earnings would miss.  
Estimates had been for $0.10/share and now the company expects to 
break-even or maybe hit $0.01/share due an inability to close 
some deals before the quarter ended.  The stock fell 16.5% to 
close just above its simple 200-dma.  Earnings are expected 
around January 20th.  

Meanwhile Circuit City, the No 2 consumer electronics retailer, 
announced more bad news with total December sales falling 1 
percent and same-store sales falling 2 percent.  The company 
continues to fall behind larger rival Best Buy despite a three-
year restructuring program to make them more competitive.  
Traders following the story can look for BBY to report on their 
own December sales tomorrow.  

Elsewhere in the business world today the financial media was 
abuzz with conjecture that Andrew Fastow, the former CFO for 
Enron Corp, and his wife Lea would cop a guilty plea.  
Prosecutors are hot after Jeff Skilling and Ken Lay and the rumor 
mill is suggesting that the Fastow's would plea bargain for 
lighter sentences in exchange for their testimony.  Plus, word 
was circulating on Wall Street that NY State Attorney General 
Elliot Spitzer would sue former NYSE head Dick Grasso for part of 
his outlandish $140 million pay package.  

Tomorrow investors will get to see just how strong the 2003 
holiday season was when retailers turn in their December same-
store sales figures in the morning.  Economists will also be 
looking for the weekly jobless claim numbers.  Last week's 
figures were lower than expected so current estimates are for a 
small rise to 345,000.  Thursday night will be the official 
launch of earnings season with Dow component Alcoa (AA) who is 
estimated to earn 34 cents, up from 16 cents last year.  

Meanwhile the real event this week has yet to occur with the 
December jobs report due out on Friday.  Economists are looking 
for a gain of 148,000 new jobs, up from 57,000 in November.  
Unemployment is expected to hold steady at 5.9 percent.  

Barring any huge surprises in the Friday jobs report don't be 
surprised to see the current trends remain intact.  Investors are 
holding on to their positions until earnings season hits full 
swing next week.  That's when we can worry about any "sell the 
news" reactions.



=================
  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
---------------------------------

JPM     JP Morgan Chase & Co       37.81    +0.34
NOC     Northrop Grumman Corp      96.30    +0.69
PCAR    Paccar Inc                 88.88    +1.38
KMI     Kinder Morgan Inc          59.65    +0.34
ASD     American Standard Cos     101.96    +0.63


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

LQU     Quilmes Industl Q.S.A.     18.45    +0.54
CLE     Claires Stores Inc         19.93    +0.40


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

SNPS    Synopsys Inc               36.01    +0.27
GRMN    Garmin Ltd                 57.79    +0.12
BDK     Black & Decker             52.80    +1.53
DLTR    Dollar Tree Stores         31.91    +0.05

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

UVN     Univision Communications   38.59    +0.35
DHR     Danaher Corp               88.70    -0.80
INTU    Intuit Inc                 49.00    -1.41
CHIR    Chiron Corp                52.60    -1.96

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

MTB     M&T Bank Corp              96.92    -0.17
ENH     Endurance Specialty Hldg   32.11    -0.12
CNO     Conseco Inc                21.07    -0.01




=================================================================
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.

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



PremierInvestor.net Newsletter                Wednesday 01-07-2004
                                                    section 2 of 2
Copyright (c) 2004, 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
  Bullish Play Updates:  MXO, NXTL, NVDA, PLCM

Active Trader (Non-tech)
  New Bearish Plays:     ELAB
  Bullish Play Updates:  ACE, CIT, MRO
  Bearish Play Updates:  GES, MHS
  Closed Bearish Plays:  ANF


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

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

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

Maxtor Corp - MXO - close: 12.25 change: +0.28 stop: 11.25 *new*

Product of the year!  Maxtor's OneTouch external harddrive was 
named product of the year by CRN Test Center.  Good news like 
that never hurts.  The hard drive/disk drive sector continues to 
out perform and MXO is following suit.  The breakout over the 
$12.00 level is very encouraging.  However, if you prefer to 
initiate positions on a dip, look for a bounce above the 11.75 
level.  Meanwhile, we're going to raise our stop loss to 11.25.

Picked on Jan 4th  at $11.68 
Gain since picked:     +0.57
Earnings Date       01/20/04 (confirmed)
Average Daily Volume:    4.5 million





---


Nextel Comms - NXTL - close: 29.09 change: -0.09 stop: 28.00*new*

After Monday's surge to just below $29, NXTL has been creeping 
ever closer to the top of that February 2001 gap near $29.50.  
For all practical purposes, we could say that mark was achieved 
this morning with the early trade at $29.37, before the stock 
retreated fractionally.  Like many other areas of the market, 
NXTL is starting look extended up here and prudent traders should 
be looking to harvest gains into this strength.  With our 
eventual goal so close, we're once again tightening our stop to 
$28, which will be below the 10-dma ($27.96) by tomorrow.  One 
more upward surge will likely give us our exit point in the 
$29.50-30.00 target area, while a pullback from here will still 
stop us out with a very nice gain.  Obviously, this close to our 
target, we are not advocating new positions.

Picked on November 26th at  $25.27
Change since picked          +3.82
Earnings Date              2/19/04 (unconfirmed)
Average Daily Volume =    12.9 mln




---



NVIDIA Corp. - NVDA - close: 25.02 change: +0.22 stop: 23.50

As amazing as Tuesday's ramp to the $25 level was, today's 
session offered much of the same for our NVDA play.  Following 
some slight weakness early in the session, the stock rallied to 
close over $25, ending just slightly below the intraday high.  
NVDA has now reached our first target for a rally to $25 and 
amazingly, it looks like there might be enough gas left to run up 
to stronger resistance in the $26-27 area.  So at the risk of 
being greedy, we're going to take a chance and go for it.  With 
our stop already tightened to $23.50, our worst-case result is a 
modest gain from our $22.25 entry trigger.  Holding positions for 
higher levels from here is definitely a more aggressive strategy, 
but appears warranted in light of the stock's strength and the 
Semiconductor index (SOX.X) looking like it wants to take a 
serious run at the $535 level.  More conservative traders should 
harvest gains near current levels, locking in a better than 10% 
gain from our specified entry trigger.

Picked on December 24th at  $21.80
Change since picked          +3.22
Earnings Date              2/05/04 (unconfirmed)
Average Daily Volume =    5.43 mln



---


Polycom, Inc. - PLCM - cls: 21.26 change: +0.62 stop: 20.00*new*

Once the bulls pushed shares of PLCM through the $20 level on 
Monday, the stock has enjoyed a strong buying party.  The opening 
surge on Monday pushed the stock through that $20 trigger (as 
well as the 50-dma) and traders that took our suggested entry 
have watched the trade go nicely in their favor.  It was 
encouraging to see how effortlessly price rose through the 
$20.75-21.00 area on Wednesday, as that zone had the potential to 
offer some strong resistance.  With volume continuing to be quite 
strong, PLCM looks destined to test its December highs just above 
$22, quite possibly tomorrow.  Use a rally above $22 to harvest 
gains on open positions and book a quick 10% gain.  Due to the 
proximity of $22 resistance we are not recommending new positions 
at this time.  Raise stops to $20.00, just below the 50-dma 
($20.02) and Tuesday's intraday low.

Picked on December 31st at  $19.52
Change since picked          +1.74
Earnings Date              1/28/04 (unconfirmed)
Average Daily Volume =    1.52 mln





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

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

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


Eon Labs Inc. - ELAB - close: 45.65 change: -1.32 stop: 49.50

Company Description:
Eon Labs, Inc. is a generic pharmaceutical company engaged in 
developing, licensing, manufacturing, selling and distributing a 
range of prescription pharmaceutical products primarily in the 
United States.  The company focuses on drugs in a range of solid 
oral dosage forms, utilizing both immediate and sustained release 
delivery, in tablet, multiple layer tablet, film-coated tablet 
and capsule forms.  ELAB does not depend on any single drug or 
therapeutic category for a majority of its sales.

Why we like it:
If you need proof that the generic drug manufacturers are eating 
big pharma's lunch, all you have to do is compare the price 
charts of a couple stocks from each sub-sector.  A perfect 
example of the strong growth in the generics space is ELAB.  
After more than tripling in price from the December-2002 lows to 
the December-2003 highs, a bit of profit taking was clearly due 
and that explains the orderly consolidation through the end of 
last month.  But in the last three days, the selling volume is 
picking up and price is declining at a much more rapid pace.  
This suggests that investors are acknowledging that the stock has 
risen too far, too fast and that earnings do not yet justify such 
a lofty price.  The key factor suggesting there is more downside 
to come was the way in which price action sliced through the 50-
dma ($49.06) yesterday and then continued to fall today.  Looking 
at the daily chart, a fall to the $40 support level looks 
entirely reasonable.  Throwing a retracement bracket into the mix 
gives us a slightly lower target though, as the 50% retracement 
of the past year's rally comes in at $37.30, very close to the 
200-dma at $37.67.

The PnF chart is on a clear Sell signal, but we need to beware of 
the bullish support line, which comes in at $43.  Recall that the 
first test of bullish support is often painful for the bears.  
That just means that we don't want to chase the stock lower, but 
want to wait for a failed bounce to provide entry.  Following 
such a precipitous drop, it is hard to gauge where an oversold 
rebound might rollover, but the $48-49 area seems logical, as it 
is the site of some historical resistance, which is reinforced by 
the 50-dma.  That entry can be followed by a fairly tight stop at 
$49.50, just over that 50-dma, as well as yesterday's intraday 
high.  We'll set $40 as the initial target and then evaluate the 
potential for a drop near the 200-dma as that initial target 
draws near.

Annotated Chart of ELAB:


Picked on January 7th at    $45.65
Change since picked          +0.00
Earnings Date              2/19/04 (unconfirmed)
Average Daily Volume =       256 K




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

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

ACE Ltd - ACE - close: 41.20 change: -0.18 stop: 39.00

Once again ACE leaves us a little perplexed.  The markets have 
been pretty strong the last few sessions but shares of this 
insurance stock have churned sideways in a very narrow range.  
The IUX insurance index looks poised to climb higher into this 
weekend.  If ACE doesn't follow its peers we're likely to close 
it.  Time is money and we'd like to be playing something that's 
moving.

Picked on Dec 22nd at $40.05 
Gain since picked:     +1.15
Earnings Date       01/27/04 (unconfirmed)
Average Daily Volume:    1.3 million




---


CIT Group - CIT - close: 36.67 change: -0.18 stop: 35.00

Early this week, CIT confirmed that it would release Q4 earnings 
before the bell on January 22, so we'll be particularly watchful 
as that date approaches.  That still gives us plenty of time to 
profit from this play.  

With various financial stocks and heavy-equipment stocks such as 
DE, CAT, CMI, and CNH turning in mixed performances on Wednesday, 
CIT showed the effects of the uncertainty in both groups.  CIT 
printed a harami or inside-day candle.  Those who follow the 
inside-day technique know that a move below Wednesday's low of 
the day offers a supposed sell signal and a move above 
Wednesday's high of the day offers a supposed buy signal.  Friday 
and Monday's candles also completed an inside-day configuration 
with the resolution being a move to the upside on Tuesday, but we 
can't be sure the same upside resolution will be repeated.  

Today's inside day candle reached down to the midline support and 
bounced from that level, offering one sign of strength.  Volume 
decreased, as is appropriate for a consolidation day and one in 
which CIT closed lower.  MACD remains strong while other 
oscillators trend in territory indicating overbought conditions, 
as is typical behavior for a strongly trending market.

CIT certainly has been strongly trending.  Over the last two 
weeks, its climb has been nearly vertical.  It will soon be time 
for CIT to retreat to reestablish support at its rising moving 
averages, but perhaps that retreat won't occur until after our 
$37.50 target is hit.  We would not suggest new entries at this 
time since CIT is so near our target.

Annotated Chart for CIT:


Picked on Dec 12 at  34.05
Change since picked: +2.67
Earnings Date:    01/22/03 (confirmed)
Average Daily Volume:  879 thousand



---

Marathon Oil - MRO - close: 33.95  change: -0.14  stop: 32.90

Monday, the Bush administration announced that it would retain 
the U.S. sanctions against Libya, although the administration 
promised that it would initiate actions to improve relations with 
the country if Libya's government rid itself of weapons of mass 
destruction.  MRO investors looked on the bright side and sent 
the stock higher.  On Wednesday, however, with the oil majors the 
worst-performing stocks in European trading, the stage was set 
for a decline in MRO, too.  Citigroup Smith Barney had downgraded 
BP and Shell Trading and Transport.

Early in the day, it looked as if MRO might complete yet another 
of its many reversal signals, but MRO managed to close above the 
midpoint of Monday's tall white candle.  The signal was not 
completed.  Wednesday's near-doji could be tagged another 
possible reversal signal of its own, but these reversal signals 
have not been a productive means of watching MRO over the last 
weeks.  The 10-dma climbs and now measures $33.24, and we're 
keeping our stop at $32.90, just below that moving average.  

New entries prove difficult to suggest.  One type of entry might 
be on a pullback to and bounce from the 10-dma, but that puts MRO 
back below the important resistance between $33.73-33.87.  
Momentum entries on a move above Tuesday's high, with strong 
volume confirmation, might be offered, but MRO's move has been 
nearly parabolic over the last weeks, making those entries risky.  
At some point, MRO must come down to retest its left-behind 
moving averages.  Entries at this level look risky and should be 
taken only by aggressive traders who understand the risk and who 
can honor their stops.

Annotated Chart for MRO:


Picked on Dec 05 at  30.22
Change since picked: +3.73
Earnings Date:    01/27/04 (confirmed)
Average Daily Volume:  1.2 million




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


Guess?, Inc. - GES - close: 11.97 change: -0.03 stop: 13.00

This first full trading week of 2004 has certainly provided 
plenty of excitement for GES traders.  Our anticipated breakdown 
came on Monday, with the stock falling almost to $11 before 
finding support at the 100-dma.  That support was enough to 
launch the stock all the way back to $12 on Tuesday, a rebound 
that extended as high as $12.48 this morning.  Fortunately, GES 
ran out of steam and rolled over at the 10-dma ($12.27) before 
coming back to rest at $11.97.  That's a lot of volatility for 
the stock to come back and end 3 cents below last Friday's 
closing level.  Daily oscillators are trying to make bullish 
reversals just as they have consistently attempted for the past 3 
weeks to no avail.  But it appears that price action is obeying 
the bears' whims and should continue to find resistance below the 
20-dma (now at $12.89).  Use a failed rebound below that level to 
initiate new positions, looking for strong resistance now at 
$12.75 to turn back any subsequent rally attempts.  Maintain 
stops at $13.00.  After Tuesday's bounce from the 100-dma, we 
should be prepared for another rebound attempt near the 100-dma 
(currently $11.25) or at $11 before price action finally weakens 
towards our $10 target.

Picked on December 31st at  $12.07
Change since picked          -0.10
Earnings Date                  N/A
Average Daily Volume =       232 K




---


MedcoHealth Solutions - MHS - close: 33.97 chg: +1.32 stop: 34.51

Well, if you were considering an entry point on a failed rally 
MHS may be forming one now.  Then again that could be wishful 
thinking on our part.  We added this play to the list on Sunday 
with a TRIGGER to go short at $32.94.  That trigger was hit on 
Monday and the stock continued to sell on Tuesday.  
Unfortunately, those losses have evaporated with a 4% gain today.  
The frustrating part is we can't find any catalyst to support the 
move.  Currently, MHS is still trading below the $34 level and 
its simple 10-dma.  Conservative traders may want to tighten 
their stop.  We're going to keep ours at $34.51 in case there is 
an early morning pop before any profit taking brings it back 
down.  Looking at the chart you can see that MHS did this sort of 
one-day rally before failing at resistance just a couple of weeks 
ago.  However, we would NOT suggest any new plays until MHS 
trades back below the $33 level.

Picked on Jan 5th  at $32.94
Gain since picked:     +1.03
Earnings Date       00/00/00 (unconfirmed)
Average Daily Volume:    1.6 million





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

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


Abercrombie & Fitch - ANF - cls: 24.90 chng: +0.45 stp: 25.05

More than three weeks of torture were brought to a close this 
morning, as ANF pushed just slightly above $25, just enough to 
trigger our resting stop.  Twice in the process of this play, the 
stock has declined near $23, only to bounce back quite strongly 
into its $24-25 trading range.  On Monday, the stock gapped down 
in response to a reduced rating from Lehman, but rebounded from 
the morning lows to close at its intraday highs.  That rebound 
emboldened the bulls to buy the dip and the resulting rally took 
us out of the play.  While an argument could be made that our 
stop was just a bit too tight, a look at the oscillators shows an 
emerging bullish pattern and we could see a bona fide breakout 
materialize later this week.  If not stopped out today, we would 
recommend using any price weakness on Thursday to exit the play 
before that breakout occurs.

Picked on December 14th at  $24.59
Change since picked          +0.31
Earnings Date              2/17/04 (unconfirmed)
Average Daily Volume =    2.23 mln






=================================================================
To stop receiving this PremierInvestor.net Newsletter,
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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
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) 2004  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.

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