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Daily Newsletter, Wednesday, 01/14/2004

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PremierInvestor.net Newsletter                Wednesday 01-14-2004
                                                    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:  Let the Fireworks Begin
Watch List:   Right Back At You


===============================================================
MARKET WRAP  (view in courier font for table alignment)
===============================================================
     01-14-2004            High     Low     Volume Advance/Decline
DJIA    10538.37 + 53.19 10548.51 10428.67 1.94 bln   1905/ 942
NASDAQ   2111.13 + 14.69  2111.73  2094.32 2.08 bln   1854/1206
S&P 100   559.77 +  4.02   559.90   555.75   Totals   3759/2148
S&P 500  1130.52 +  9.30  1130.75  1121.22
RUS 2000  586.12 +  4.96   586.12   581.16
DJ TRANS 3031.61 + 12.33  3044.47  3017.99
VIX        16.75 -  1.29    17.30    16.40
VXO        16.70 -  0.17    17.10    16.26
VXN        23.17 +  0.12    23.44    22.77
Total Volume 4,434M
Total UpVol  2,860M
Total DnVol  1,480M
52wk Highs     906
52wk Lows       14
TRIN          0.71
PUT/CALL      0.66
===============================================================

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

Let the Fireworks Begin
by James Brown

Today was a big day in the U.S. stock markets.  Investors
translated yesterday's weakness as a buying opportunity and
stocks soared at the open.  Boosting the indices was plenty of
economic news with the trade deficit numbers, the PPI, and the
Fed's Beige book report.  There was a midday lull as traders
began to take some money off the table but by the afternoon
buyers were back and stocks closed near their highs for the
session.  After the bell is when the real fireworks began and the
show should continue tomorrow.

Overseas markets were mixed.  Asian stocks were generally weak
with the NIKKEI up 13 points to 10,863 and the Hang Seng down 75
to 13,320.  European bourses did better with the FTSE up 21 to
4461 and the DAX up almost 59 to 4055.  Strength across the
Atlantic didn't hurt U.S. stocks and the Dow Jones Industrials
managed an 111-point gain to close at 10538.  The NASDAQ managed
a 14-point jump amid weakness in the semiconductors ahead of
Intel's post-market earnings.  The S&P 500 added 9 points to
close at 1130.

Selling was strongest in the XAU gold & silver index, down more
than 4% as gold lost $3.50 to close at $420.50 an ounce.  Oil
service stocks also fell behind with a 1.6% drop in the OSX index
as crude oil prices dropped 23 cents to $33.78 a barrel.
Meanwhile investors were busy elsewhere buying the dip from
yesterday.  Homebuilders and healthcare stocks saw the strongest
gains with defense, airlines and broker-dealers outpacing the
broader indices.  Overall market internals were pretty positive.
The NYSE saw advancers crush declining stocks 19 to 9 and the
NASDAQ reported winners outpacing losers 3 to 2.   Up volume was
almost three times down volume on the NYSE.  It was a much closer
race on the NASDAQ with up volume hitting 1158 million shares
versus 865 million in down volume.

Chart of the DJIA:



Chart of the NASAQ:




One benefit to the dollar's decline has been a rise in U.S.
exports.  The month of November showed a 59 percent jump in
civilian aircraft sales.  These sales combined with a strong
increase in consumer goods and food translated into a 2.9 percent
jump in monthly exports to $90.6 billion.  This marked the
highest level of exports in three years and helped narrow the
trade gap to just $38.0 billion in November, an 8.6 percent
decrease, which completely caught economists by surprise.  The
U.S. trade gap has been a growing concern among economists and
politicians alike.  The first 11 months of 2003 have already hit
a new record at $446.8 billion, surpassing 2002 levels.  However,
the unexpected improvement in November combined with Alan
Greenspan's comments yesterday that it could be managed set
investors in a good mood this morning.

This morning's Producer Price Index (PPI) also underpinned
today's stock market action.  The Labor Department reported that
December's PPI index rose 0.3 percent while the core PPI,
excluding food and energy, dropped 0.1 percent.  Economists had
been expecting a rise in the PPI and the core PPI after
November's big decline but were surprised to see the core rate of
inflation drop again.  Overall 2003 witnessed the fastest rise
for inflation in several years but most experts feel the climb
has been mild and Wall Street believes the FOMC has it under
control.

About midday the Federal Reserved released their Beige Book
report, which showed optimistic trends across the nation's twelve
districts and "modest improvements" in the labor markets.  Retail
sales were strong and factory utilization was improving but loan
demand appeared flat.  This coincides with recent earnings
reports from some regional banks who warned that 2004 might be
soft until loan demand improves.  The Beige book also reported
that travel and tourism was up and that housing numbers were
strong.

An hour after the Beige book report the afternoon rally began as
investors started to repositions themselves in eager anticipation
for this evening's earnings bonanza.  The biggest announcement
came from chip behemoth Intel Corp (INTC).  Wall Street was
estimating that Intel would turn in profits of 25 cents a share
on revenues of $8.64 billion for the quarter.  The headline
number was 33 cents a share on revenues of $8.74 billion.  By
first accounts this was a blow out number and some of the
financial media is reporting that this is Intel's best quarterly
profit since Q3 of 2000.  However, drilling down into the details
reveals why the stock was trading lower after hours.  The real
earnings number may be closer to 27 cents.  Intel had already
told analysts that earnings would reflect a $200 million tax
benefit but that benefit turned about to be about $620 million or
about 9 cents a share.  The $420 million difference is worth
about 6 cents a share so that 33 cents becomes 27 cents.  Yet if
we remove the tax benefit completely Intel's profits were just 24
cents a share and below the 25 cent estimates.  Even so the 24-
cent number would be an improvement over Q4 last year where Intel
reported profits of 16 cents on revenues of $7.16 Billion.
Looking ahead Intel is guiding first quarter revenues in the $7.9
billion to 8.5 billion range but analysts were already expecting
$8.24 billion.  This isn't the glowing report that investors were
hoping for and Intel's expectations that gross margins might dip
to 60% from its current 63.6% is far from inspiring.  Overall
Intel tried to put a positive spin on the quarter saying that
business is beginning to see early signs of an I.T. turnaround
and stronger spending patterns by corporations.  Commenting on
the fourth quarter Intel's CFO Andy Bryant said growth was
worldwide with strength in emerging markets and steady demand
from mature markets like N. America and Western Europe.

Investors were also eager to hear from Yahoo! (YHOO).  Analysts
were expecting YHOO to turn in profits of 11 cents a share on
revenues of $495 million.  What YHOO reported was a net profit of
11 cents a share on revenues of $663.9 million.  However, if you
remove the traffic acquisition costs (paid by its Overture
division) revenues are reduced to $511.3 million for the fourth
quarter.  This is still above analyst estimates and well above
2002's Q4 revenues of $285 million.  Looking ahead YHOO is
forecasting Q1 revenues of $475 to $505 million compared to
consensus estimates of $492 million with earnings at 11 cents per
share again.  While this is positive news it wasn't enough to
excite any buyers and shares fell strongly after hours.  In other
news YHOO announced an agreement with Chinese Internet portal
Sina.com (SINA) to join forces for an online auction service for
Chinese users.

Earnings news from Apple (AAPL) was also taking a bite out of
this evening's headlines.  Wall Street was looking for AAPL to
beat estimates of 14 cents a share.  Apple reported profits of 17
cents a share ($63 million) on revenues of $2.01 billion.
However, if you back out a $3 million after-tax investment, that
number becomes just 16 cents a share.  Overall it was a strong
quarter compared with last year's Q4 $8 million loss (-2
cents/share).  It also proves the success of Apple's iPod and
iTunes products.  Apple's CEO Steve Jobs said the company shipped
829,000 Macintosh computers, 733,000 iPod's in the quarter and
that their iTunes online music store accounts for 70 percent of
the legal music-download market.  Apple guided higher for the
first quarter predicting 8 to 10 cents a share on revenues of
$1.8 billion, which is better than analyst estimates of 7 cents
on $1.7 billion but it wasn't enough to stop some after market
profit taking.

There were of course dozens of other companies reporting earnings
after the bell tonight but overshadowing their announcements was
news that J.P.Morgan Chase & Co (JPM) would acquire Bank One
(ONE) for nearly $60 billion.  Rumors had been circling that the
two were in merger talks and the Wall Street Journal broke the
story right after the close of trading today.  The new entity
would become the nation's second largest bank, based on assets,
behind Citigroup.  Shares of ONE rose 10 percent after hours
while JPM slipped 4 percent.  As a Dow component, JPM will be a
negative impact on the index tomorrow.

There was also merger news circling around the on again off again
relationship between AT&T Wireless (AWE) and Cingular Wireless.
The two companies had discussed a merger over a year ago and
never reached a conclusion.  Speculation that they two will be
more agreeable among today's more competitive marketplace pushed
shares of AWE up 17 percent to $9.99.

In other business news Andrew Fastow, the former CFO for Enron
Corp, has pleaded guilty to accounting fraud.  Reports have been
circling around Andrew and his wife Lea Fastow who have been
trying to arrange a plea bargain so that one of them would be
free to watch over their two children.  It appears they finally
came to an agreement with prosecutors.  Lea will plead guilty to
a single count of filing a false tax return and serve five months
in jail and an additional five months under house arrest.  In
exchange for Andrew's guilty plea the government has agreed to
drop 96 of the 98 charges against him on the condition that he
cooperate in their other investigations (namely against Ken Lay
and Jeff Skilling).  Mr. Fastow will also forfeit $23.8 million
in assets and spent the next 10 years in jail.  It's hard to
estimate what kind of affect this type of news will have on the
marekts, if any, but the fact that the government is making
progress in the case and that some of the key people will spend
time behind bars could be a positive for investor sentiment.

Tomorrow is going to be another crazy day.  As I have been
suggesting for days now investor reaction to these much-
anticipated earnings announcements has been to "sell the news".
Standouts in tomorrow's earnings parade will be Bank of America
(BAC) and Sun Microsystems (SUNW).  Yet dwarfing them both will
be a surprise announcement from IBM.  IBM had been expected to
announce earnings on January 20th but the company changed their
mind and said they'd be ready tomorrow.  Big Blue is now expected
to report at 7:30 AM ET on Thursday.  Analysts are estimating
earnings to be $1.50 a share on revenues of $25.02 billion.
Rumors have been circling for several days now that the company
might miss based on poor performance from its services division
and SAP's recent sales miss and Accenture's earnings miss don't
inspire a lot of confidence (unless IBM is just stealing
customers from them).

IBM's earnings report is such a market event it will most likely
dwarf Thursday's economic events with the weekly jobless claims,
the CPI report, the Empire manufacturing survey and the monthly
retail sales numbers.  A few traders have suggested that IBM's
eagerness to report might be hiding a positive earnings surprise
but that could just be wishful thinking.  Buckle your seat belts.
Tomorrow could be volatile.


================
Play of the Day
================

With the new year we've decided to implement some improvements
to the Premier Investor Newsletter.  Instead of providing just
one "play of the day" we are going to provide a daily watch
list instead.  This will provide you the reader with MORE
candidates to watch for potential moves the following trading
session.


==================================================================
WATCH LIST
==================================================================

The PremierInvestor.net watch list is not designed to be read
as full fledged stock picks.  Rather we would prefer to offer
it as an extra tool in today's investor toolbox.  Think of it
as a radar screen with your own radar operator pointing out
interesting developments, technical patterns or potential plays
that you may or may not have seen on your own.  Due to time
constraints we do glance at the news but rarely do we have
time to fully read pertinent news stories, due background
research and other necessary screens that investors should do
before making a decision.  A common exercise is to read the
entry, glance at the sector and other stocks in that industry
and then compare what's happening in the stock to what's
happening in the broader market indices.  We hope you enjoy
the Watch List and that it proves to be a useful tool for your
own trading success.

STOCKS WORTH WATCHING
---------------------------------

PMI Group, Inc. - PMI - close: 40.13 change: +0.43

WHAT TO WATCH: Breaking above strong resistance on Monday, PMI
has held onto those gains and actually managed to inch a bit
higher on Wednesday.  A breakout over $40.50 resistance should
give the stock another boost and bring the $43 level into play as
a near-term target.  Wait for the breakout before playing.




---

Trinity Industries - TRN - close: 33.32 change: +0.70

WHAT TO WATCH: Following its strong surge higher in early
December, shares of TRN have been building a solid bullish
continuation flag and broke out on strong volume today.  The size
of the rally preceding the flag indicates the stock should have
about $6 of upside (above the $32 level), making for an
aggressive target of $38.  There's no need being greedy though.
Target entry on a pullback near the site of the $32 breakout and
target a move to the $36-37 area.



---

New York Community Bancorp - NYB - close: 39.40 change: +1.29

WHAT TO WATCH: Continuing its bullish trading pattern, NYB
consolidated in the $36.50-38.00 area for more than a month
before getting a strong rebound off the 50-dma this week.  Ending
the session just below strong resistance at $39.65, the stock is
poised for a breakout and continuation to new all-time highs.
Use a trigger at $39.70 and make a mental note of the fact the
company reports earnings on January 28.




---

City National Corp. - CYN - close: 59.20 change: +0.70

WHAT TO WATCH: Not all the financial stocks are doing well and
regional banks are definitely underperforming.  Shares of CYN
gave a classic H&S breakdown yesterday and today's rebound is
setting up a high-odds entry point on a bounce failure below the
$60 neckline.  First support is found just over $56, with an
aggressive target being $54.50 at the bottom of the October gap.




---

===================
On the RADAR Screen
===================

MEDI $22.20 - After the breakdown out of its rising channel back
in August, shares of MEDI have been headed steadily lower.  After
breaking the December lows, the stock looks destined to test
major support near $20.  Use any failed bounce in the $23-24 area
to enter and target $20.

GSS $5.63 - After what seemed an eternity, profit taking has
finally come to the mining sector and the more speculative names
are getting hit the hardest of all.  GSS plunged through its 50-
dma on Monday and the selling hasn't let up yet.  A break below
the 100-dma looks like it will have room to fall to the $4.25-
4.50 area as the froth is removed from the sector.

MEDX $8.17 - Breaking strongly higher earlier this month, shares
of MEDX appear on the verge of another breakout.  The $8
resistance effectively broke with today's close at a fresh 52-
week high.  Use a trigger just over Friday's $8.34 high and
target a rally to the $10.00-10.50 area.


=================================================================
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 2004  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter                Wednesday 01-14-2004
                                                    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:

Stop Loss Adjustments:  -- ACE, CPWR, ORB

Active Trader (Non-tech Stocks)
  New Bearish Plays:    -- LNCR, X


Stock Splits
  Announcements:       -- TASR, WGO

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)


=================================================================
Stop Loss Adjustments
=================================================================

ACE - 41.00

CPWR - 6.25

ORB - 12.25


==================================================================
Active Trader (AT) Non-Tech Stock section
==================================================================

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

Lincare Holdings - LNCR - close: 28.75 change: +0.47 stop: 30.75

Company Description:
Lincare Holdings Inc., together with its subsidiaries, is a
provider of oxygen and other respiratory therapy services to
patients in the home.  The company's customers typically suffer
from chronic obstructive pulmonary disease, such as emphysema,
chronic bronchitis or asthma, and require supplemental oxygen or
other respiratory therapy services in order to alleviate the
symptoms and discomfort of respiratory dysfunction.  LNCR serves
over 400,000 customers in 47 states through 642 operating
centers.  The company also provides a variety of durable medical
equipment and home infusion therapies in certain geographic
markets.

Why we like it:
LNCR was going along with the broad market rally quite nicely up
until late November when the stock got slammed sharply lower in
response the passage of the Medicare prescription plan, as
investors took the stance that the company could be a loser in
the big picture due to Medicare having the ability to peg rates.
That was followed by a downgrade from Wachovia (11/21) that
steepened the decline, sending shares as low as $33.  A few days
later (11/26), Deutsche Securities jumped in with its own
downgrade, but the stock did not fall to new lows, showing that
it was short-term sold out.  Over the next couple weeks, an
oversold rebound ensued, but it stalled out at the 20-dma (now at
$29.86) and LNCR has once again been heading south over the past
several weeks.  Over the past few days, the stock has been
testing the $28.25 support level and we think it is ready for a
breakdown to new recent lows.

The picture on the PnF chart bears out that the $28 level will be
a key inflection point.  A rebound here will embolden the bulls
to buy the dip, while a breakdown will almost certainly have the
bears eyeing the 2002 lows near $24.  So we'll make this a
passive play, waiting for the breakdown before playing.  Use a
trigger at $28.00 and consider entering on the initial break.
More conservative traders will want to wait for a failed rebound
in the $28-29 area before playing.  We'll use a target of $24 for
the play, with the understanding that there may be some
volatility (read: near-term bounce) near the $26 support level.
Set stops initially at $30.75, just above the highs from early
January, as well as the 30-dma ($30.48).

Annotated Chart of LNCR:



Picked on January 14th at   $28.75
Change since picked          +0.00
Earnings Date              2/10/04 (confirmed)
Average Daily Volume =    2.16 mln



---

United States Steel - X - close: 34.17 change: -0.59 stop: 36.50

Company Description:
United States Steel Corporation is primarily engaged in the
production, sale and transportation of steel mill products, coal,
coke and taconite pellets (iron ore) in the United States.  The
company's other businesses include steel mill products
distribution, management of mineral resources, management and
development of real estate and engineering and consulting
services.  Through U. S. Steel Kosice (USSK) in the Slovak
Republic, the Company is engaged in production and sale of steel
mill products and coke primarily for the central and western
European markets. The Company has five operating segments: Flat-
rolled Products, Tubular Products, USSK, USS Real Estate and
Straightline Source.

Why we like it:
Counter-intuitive as it may seem, shares of X began to rebound in
late November, shortly after revising the poor Q3 earnings report
and the premature termination of tariffs on steel imports.  It
appears investors believed the worst was factored into the price
and McDonald Investments agreed, raising their rating to
Aggressive Buy on November 11th.  The stock dipped just a bit,
firmed near $22.50 and then launched itself higher in dramatic
fashion, riding along with the broad market rally.  By late
December, the stock was flirting with resistance at $37, a level
last visited in the middle of 1999.  That's a rally of more than
60% in about 6 weeks for an industrial company that has been
losing money hand over fist and has no P/E ratio.  Clearly this
rally needs to see some profit taking and it looks like that
process is getting underway.

Over the past several days, the stock has gradually pulled back
to the $34 support level, but with today's break under the 20-dma
($34.70), it looks like the rate of decline could pick up sharply
in the days ahead.  That said, we want to make the stock prove
its weakness to us before initiating a position.  So we're going
to set at trigger on the play at $33.75, just under Wednesday's
intraday low.  Look to enter on the initial breakdown and target
a drop to the $29-30 area.  X probably won't be able to drop
below the bottom of that range with the 50-dma ($28.97) coming
into play.  Note also that the 50% retracement of the November-
December rally is at $29.87.  Set stops initially at $36.50, just
above the January 8th intraday high.  This will have to be a
fairly quick play, with the company set to release earnings on
January 28th.  Clearly we'll be dropping the play ahead of the
report.

Annotated Chart of X:



Picked on January 14th at   $34.17
Change since picked          +0.00
Earnings Date              1/28/04 (confirmed)
Average Daily Volume =    2.42 mln



==================================================================
Stock Splits
==================================================================

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

TASER Intl Shocks with a 3-for-1 Split

Prior to the opening bell, TASER International, Inc. (NASDAQ:TASR)
announced that it would split its common stock 3-for-1 in the form
of a 200 percent stock dividend.  The payable date for the stock
split is February 10th, 2004 for shareholders on record as of
January 26th.  Shareholders will receive two additional shares for
each share of common stock they own.

The 3:1 split will bump the number of outstanding shares from 4.2
million to 12.6 million.


About the company:
TASER International, Inc. provides advanced less-lethal weapons
for use in the law enforcement, private security, and personal
defense markets. Its flagship ADVANCED TASER. M26 product uses
proprietary technology to incapacitate dangerous, combative, or
high-risk subjects that may be impervious to other less-lethal
means. Its latest product, the TASER X26 is 60% smaller and
lighter than the ADVANCED TASER M26 and reduces injury rates to
suspects and officers, thereby lowering liability risk and
improving officer safety. TASER. technology is currently in
testing or deployment at over 4,000 law enforcement and
correctional agencies in the U.S. and Canada. (Source: Company
Press Release)

---

Winnebago Drives a 2-for-1 Split

Late this afternoon but before the closing bell Winnebago
Industries Inc (NYSE: WGO) announced that its Board of Directors
had approved a 2-for-1 stock split of its common shares.

The split should be effective March 5th, 2004 for shareholders on
record as of February 20th.  The split will take place as a 100%
stock dividend and push the number of outstanding shares to 33.8
million.


About the company:
Winnebago Industries, Inc. is the leading United States
manufacturer of motor homes, self-contained recreation vehicles
used primarily in leisure travel and outdoor recreation
activities. The Company builds quality motor homes under the
Winnebago, Itasca, Rialta and Ultimate brand names with state-of-
the-art computer-aided design and manufacturing systems on
automotive-styled assembly lines. The Company's common stock is
listed on the New York, Chicago and Pacific Stock Exchanges and
traded under the symbol WGO (Source: Company Press Release)


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

PTR     Petrochina Co Ltd (ADS)    51.70    +2.33
BCS     Barclays Plc (ADR)         38.95    +0.96
CVX     Chevrontexaco Corp         85.60    +0.90
FNM     Fannie Mae                 72.71    +1.38
BAC     Bank of America Corp       79.25    +0.95


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

AWE     AT&T Wireless Services      9.99    +1.44
ASR     Grupo Aeroport Del Surst   19.50    +1.18
ATVI    Activision Inc             18.83    +1.44


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

SNE     Sony Corp                  38.94    +1.98
AVE     Aventis                    68.00    +2.84
FOX     Fox Entertainment Group    29.75    +1.02
APPGY   WPP Group Plc (ADR)        56.67    +2.00
CB      Chubb Corp                 69.35    +1.37

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

FITB    Fifth Third Bancorp        58.38    -1.01
NEM     Newmont Mining Corp        44.65    -1.90
LLTC    Linear Technology          42.35    -1.60
MBT     Mobile Telesys OJSC (ADS)  85.31    -2.14
FCX     Freeport Mcmoran C&G B     38.69    -1.37

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

AMAT    Applied Materials Inc      23.39    -0.46
NSM     National Semiconductor     40.76    -0.96
VIP     Vimpel Communications (ADS)71.00    -4.95


=================================================================
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) 2004  PremierInvestor.net. and
The Premier Investor Network.
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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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Littleton, CO 80163

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