PremierInvestor.net Newsletter Thursday 02-19-2004 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: Conviction Test Market Sentiment: A Change in the wind? Watch List: AAP, SFA, WMB, ABT ================================================================= MARKET WRAP (view in courier font for table alignment) ================================================================= 02-19-2004 High Low Volume Advance/Decline DJIA 10664.73 - 7.30 10753.63 10656.59 1.96 bln 1189/2040 NASDAQ 2045.96 - 30.50 2094.92 2045.96 2.07 bln 1128/2036 S&P 100 566.06 - 2.27 571.62 565.83 Totals 2317/4076 S&P 500 1147.06 - 4.76 1158.57 1146.83 W5000 11176.92 - 60.40 11302.82 11174.80 RUS 2000 582.59 - 8.89 596.00 582.38 DJ TRANS 2892.80 - 8.30 2933.37 2892.67 VIX 15.80 + 0.21 15.97 15.20 VXO (VIX-O)16.90 + 1.16 16.90 15.46 VXN 24.24 + 0.51 24.55 23.16 Total Volume 4,386M Total UpVol 1,116M Total DnVol 3,170M Total Adv 2672 Total Dcl 4591 52wk Highs 507 52wk Lows 10 TRIN 0.88 NAZTRIN 2.25 PUT/CALL 0.72 ================================================================= =========== Market Wrap =========== Conviction Test Good earnings news breaking out all over but economics are not following the plan. The combination of these factors in an option expiration week turned into new highs and a strong drop from those highs. This created a test of conviction for those already long and a buying opportunity for those who still want to be long. Dow Chart - Daily Nasdaq Chart - daily The fly in the ointment for investors was the Philly Fed Survey which dropped to 31.4 from 38.8 last month. This was the 8th consecutive month in positive territory but a major drop from last months high. The internal components were not exciting with New Orders falling to 27.8 from 36.5. Shipments fell to only 19.3 from 33.1. Back orders fell into the low single digits at 4.4 from 10.7 and was the second month of declines. Employment fell to only 12.5 from 17.5 and was also the second monthly decline. Prices paid rose to 43.7 from 35.3 and prices received jumped from 9.4 to 18.9. The picture was very clear. Orders, production and employment fell while prices showed a significant inflationary jump. The only really positive component was the jump in the average workweek to 23.6 from 12.9. This suggests companies are trying to make do with existing workers and at some point they will have to hire if hours worked continues to rise. Inventories also rose for the first time in five months. Could that have been on purpose or because sales suddenly shrank? The prices paid component reached a nine-year high and it was the seventh monthly increase. This trend was also seen in the NY Empire Survey earlier this week. Jobless Claims fell more than expected to 344,000 and back under the 350K level again. However, claims for last week were revised upward by +5,000 to 368K. The four-week average rose to 352,000 and the highest level since December. The bad news here was a significant jump in continuing claims to 3.186 million from 3.08 million. Most analysts suggested the jump was weather related but I miss the connection. This report was a neutral for the market despite the minor relief bounce in the futures when it was released. Leading Indicators rose by +0.5% and inline with expectations. Considering this number is composed of already released data from other reports including jobless claims, stock market and bond data is should be called the lagging indicators. Only five of the ten components showed any gains but this was the biggest jump since October. It is mostly ignored since the data is already old. The biggest news of the day was old news and that was the AMAT/BRCM boost to the chip sector. The earnings news for the day was less than exciting. Wal-Mart said an excellent January pulled the 4Q out of mediocre territory and turned it into a double digit quarter. Wal-Mart said the holiday period was challenging and it had to result to deep discounts to move apparel. WMT posted 63 cents and inline with estimates and said strength in international sales and a resurgence at Sam's Club helped WMT meet expectations. CEO Lee Scott said 2003 was not a great year and he was much more optimistic about 2004. Sales for the quarter hit $74.49B. The bad news for other retailers was a new commitment to be the low price leader in 2004 and he reiterated they were not going to raise prices to increase profits. Competitor Target beat the street by four cents and posted a 91 cent profit. Sales were only a fraction of Wal-Mart's at $15.57B but were inline with estimates. The better results were do to higher gross margins and improved product mix. Credit card operations added +$641 million in profits to the total. Considering how stores like Sears have been fleeing the credit card business this is remarkable. After the bell today HPQ formally announced their earnings of 35 cents which they preannounced without warning last week. The market was less than impressed with the inline guidance. The number of companies reporting has slowed to a trickle but most are still beating estimates. These companies beat tonight, UVN +1, JWN +8, BEAS +1, OCLR +1, PTEK +1, SRNA +1. Unfortunately most guided inline with estimates or slightly down. The quality of companies this late in the cycle precludes much in the way of blowout guidance. The conviction of those long was tested today after the Dow set a new 52-week high at 10753 and the Nasdaq came very close to 2100 at 2094. The worst performer was the Russell at -1.50% with the Nasdaq close behind at -1.46%. The Nasdaq closed down over -30 points after being up +17 at the open. The range of movement was nearly 50 points but the majority of it was down. After the gap open there was never a serious attempt to move higher for the Nasdaq but the Dow hit its highs as late as 2:PM. The Dow gapped up to 10725 and after a brief pullback rallied to 10750 twice about two hours apart beginning shortly after noon. The Dow showed amazing strength until the crash but the Nasdaq and Russell bled points from the start. At 3:20 all the markets imploded with the Dow dropping nearly -80 points in just under 30 min. The Russell fell -8 points from 2:30 into the close. The initial selling in the small caps and techs with the Dow remaining so strong appeared to be rotation into the blue chips. I remarked in the monitor at the time that it appeared to be a rotation in progress and we could have a significant dip ahead. The conviction part comes tomorrow. The Nasdaq has nearly completed another test of its 50dma currently at 2040 and that retest has come on the heels of a lower high. This is a bad sign and could suggest the retest may not hold on the initial try. There is still strong support at 2000 and the 100dma is rapidly rising to meet the price at that 2000 level. Currently the 100dma is 1980. Buyers with probably have their conviction tested again on Friday as those levels are targeted. Make no mistake this is a serious support test for the Nasdaq. A failure at 2000 could be very dangerous. There are two wild cards in play here. The first is Option Expiration on Friday. This massive swing from new highs to retesting support on Thursday could have been the result of option positions being squared. The last two months we have had strong opex rallies and traders could have overshot for February and produced a negative bias to the settlements. This could continue through Friday. The second wild card is the Dow. The Dow has not tested its 50dma since November. It is way over due despite the current bullish sentiment. Fear of a Dow correction could keep buyers on the sidelines until some stability appears. Fortunately for the Dow to retest the 50dma at 10439 it will have to break several levels of strong support at 10650, 10600 and 10550. This is not likely to happen in one day and may not happen at all. The spark for the entire morning rally was AMAT and BRCM. Both opened much higher and then closed negative for the day. AMAT hit 23.86 at the open and closed at 22.14 and the low for the day. BRCM hit a high of $44 and closed at $41.56. The SOX hit a high for the month at 535 and then closed -20 points lower at 515. This was a huge reversal in the semiconductor stocks and it is no wonder the Nasdaq and Russell followed suit. The SOX closed right on its 50dma but that has not been real support. The SOX has performed better in recent weeks from the 100dma now at 501. Semiconductor Sector (SOX) Chart - Daily Russell 2000 - Chart Late tonight the Semiconductor Book-to-Bill was released for January and it came in at 1.18 and a drop from the 1.23 final for December. This was the sixth monthly rise for semiconductor orders and the ratio would have been higher but shipments rose +8.2% compared to only a rise of +3.7% for orders. This is very good news for the sector but the late release of the numbers tends to be overlooked by most investors. This could slow any chip selling on Friday if it makes the headlines. The bottom line to all this mumbo jumbo is that we are likely to see the Nasdaq/SOX take another dip down on Friday and that dip could continue into next week due to a lack of further catalysts for February. This is the buying opportunity that all tech bulls should be excited about. At least those with conviction for their position. If the afternoon downdraft was options related then the dip should be brief. However, the Nasdaq was the laggard all week and we need to see how it performs on Monday before making any judgment calls. The only material economic report on Friday is the CPI and that is before the market opens. As a trader tonight I would suggest not opening any new long positions until Monday. Option expiration Friday's are usually wild and crazy at the open followed by total boredom. With the potential for more selling and the ever present weekend event risk I would wait for Monday to go bargain shopping. Even then it could be risky because next week is filled with economic reports that could mimic the Philly Fed today. This is a risky period for February but any weakness should simply be more consolidation in the current range. You are going to get tired of hearing that but until the range breaks it is still true. The range on the Nasdaq is still 2000-2100 and 10450-10700 on the Dow. Take Friday off and make it a three-day weekend. Come back next week ready to pick up some bargains at a discount. Enter Passively, Exit Aggressively. Jim Brown Editor =============================== Market Sentiment =============================== A Change in the wind? -J. Brown Is investor sentiment changing? The markets rallied on good news this morning after Wal-Mart and Applied Materials issued positive earnings reports. WMT, a Dow component, helped lead the Dow to a new 32-month high. AMAT, a component of the NASDAQ-100 and the SOX index, also traded strongly higher this morning only to give it all back and more by the close. It is this reversal in techs that is disturbing. Most of the tech sector indices were trading higher for the first half of the session but a late day reversal washed over the entire group. Actually, the reversal hit the entire market. Not one sector closed near its highs save for the XAU gold & silver index and only this pared its losses from the morning as investors moved into gold in self defense. For the markets to turn lower on good news may signal a change in direction, even if it's just a short-term change. Looking more closely at the sector indices I notice the Dow Transports are looking pretty weak after their recent failure under the 50-dma. You've heard it before. Traditional Dow theory states that we can't have an extended rally without the Transports participating and right now they look ready to lead the markets lower. I would go into more detail about the reversal in the various tech sectors but they all look the same. The selling picked up strongly in the afternoon and frankly the whole market looks poised to trade lower tomorrow morning. Market internals were bearish with declining stocks outnumbering advancing stocks nearly 18 to 10 on the NYSE and 2 to 1 on the NASDAQ. Down volume was almost double up volume on the NYSE and more than four times up volume on the NASDAQ. Buckle your seat belts and store you tray tables in the upright position. Tomorrow could be a volatile option expiration Friday. ----------------------------------------------------------------- Market Averages DJIA ($INDU) 52-week High: 10753 52-week Low : 7416 Current : 10664 Moving Averages: (Simple) 10-dma: 10639 50-dma: 10439 200-dma: 9609 S&P 500 ($SPX) 52-week High: 1158 52-week Low : 788 Current : 1147 Moving Averages: (Simple) 10-dma: 1146 50-dma: 1119 200-dma: 1033 Nasdaq-100 ($NDX) 52-week High: 1559 52-week Low : 938 Current : 1484 Moving Averages: (Simple) 10-dma: 1495 50-dma: 1481 200-dma: 1347 ----------------------------------------------------------------- We have an interesting development in the volatility indices. The VXO added 7.3% today on the market sell-off. More importantly it seems to have set a new higher low, which could be forecasting a trend change. CBOE Market Volatility Index (VIX) = 15.80 +0.21 CBOE Mkt Volatility old VIX (VXO) = 16.90 +1.16 Nasdaq Volatility Index (VXN) = 24.24 +0.51 ----------------------------------------------------------------- Put/Call Ratio Call Volume Put Volume Total 0.72 1,242,874 890,484 Equity Only 0.59 953,805 560,338 OEX 1.58 39,892 62,931 QQQ 2.67 65,589 175,182 ----------------------------------------------------------------- Bullish Percent Data Current Change Status NYSE 77.6 + 0 Bull Confirmed NASDAQ-100 69.0 - 1 Bear Alert Dow Indust. 86.7 + 0 Bull Confirmed S&P 500 87.6 - 1 Bull Confirmed S&P 100 89.0 + 0 Bull Confirmed Bullish percent measures the number of stocks in an index currently trading on a buy signal on their point and figure chart. Readings above 70 are considered overbought, and readings below 30 are considered oversold. Bull Confirmed - Aggressively long Bull Alert - Cautiously long Bull Correction - Pause or pullback in upward trend Bear Alert - Take defensive action if long Bear Confirmed - High risk if long, good conditions for shorting Bear Correction - Pause or rebound in downtrend ----------------------------------------------------------------- 5-dma: 1.01 10-dma: 0.95 21-dma: 0.99 55-dma: 0.99 Extreme readings above 1.5 are bullish, and readings below .85 are bearish. These signals don't occur often and tend be early, but when they do, they can signal significant market turning points. ----------------------------------------------------------------- Market Internals -NYSE- -NASDAQ- Advancers 1043 1042 Decliners 1794 2012 New Highs 327 243 New Lows 11 11 Up Volume 690M 366M Down Vol. 1177M 1655M Total Vol. 1914M 2040M M = millions ----------------------------------------------------------------- Commitments Of Traders Report: 02/10/04 Weekly COT report discloses positions held by small specs and commercial traders of index futures contracts at the Chicago Mercantile Exchange and Chicago Board of Trade. COT data can be found at www.cftc.gov. Small specs are the general trading public with commercials being financial institutions. Commercials are historically on the correct side of future trend changes while small specs tend to be wrong. S&P 500 No change for the Commercial traders. Small Traders have grown slightly more bullish. Commercials Long Short Net % Of OI 01/23/04 422,135 407,626 14,509 1.7% 01/27/04 417,089 410,930 6,159 0.7% 02/03/04 411,920 414,596 (2,676) (0.3%) 02/10/04 412,217 414,044 (1,827) (0.2%) Most bearish reading of the year: (111,956) - 3/06/02 Most bullish reading of the year: 23,977 - 12/09/03 Small Traders Long Short Net % of OI 01/23/04 141,107 100,090 41,017 17.0% 01/27/04 143,089 87,828 55,261 23.9% 02/03/04 141,465 81,926 59,539 26.7% 02/10/04 143,496 80,362 63,134 28.2% Most bearish reading of the year: (1,657)- 5/27/03 Most bullish reading of the year: 114,510 - 3/26/02 E-MINI S&P 500 Commercials are starting to put some money to work and we're seeing another jump in contracts for both longs and shorts. Small traders have pared back their longs a bit and put some of that money on the short side. Commercials Long Short Net % Of OI 01/23/04 233,867 307,122 (73,255) (13.5%) 01/27/04 291,166 334,618 (43,452) ( 6.9%) 02/03/04 280,519 346,042 (65,523) (10.5%) 02/10/04 297,601 356,630 (59,029) ( 9.0%) Most bearish reading of the year: (354,835) - 06/17/03 Most bullish reading of the year: 133,299 - 09/02/03 Small Traders Long Short Net % of OI 01/23/04 187,270 57,196 130,074 53.2% 01/27/04 154,485 60,556 93,929 43.7% 02/03/04 133,293 55,476 77,817 41.2% 02/10/04 110,480 58,428 52,052 30.8% Most bearish reading of the year: (77,385) - 09/02/03 Most bullish reading of the year: 449,310 - 06/10/03 NASDAQ-100 Not much change from the Commercial traders but they are a tiny bit more bullish here. Small Traders have significantly bumped up their long positions. Commercials Long Short Net % of OI 01/23/04 42,823 39,442 3,381 4.1% 01/27/04 43,704 40,951 2,753 3.3% 02/03/04 43,600 41,441 2,159 2.5% 02/10/04 44,406 40,439 3,967 4.7% Most bearish reading of the year: (21,858) - 08/26/03 Most bullish reading of the year: 9,068 - 06/11/02 Small Traders Long Short Net % of OI 01/23/04 9,180 11,371 (2,191) (10.7%) 01/27/04 10,137 10,715 ( 578) ( 2.8%) 02/03/04 8,907 13,729 (4,822) (21.3%) 02/10/04 9,906 13,018 (3,112) (13.6%) Most bearish reading of the year: (10,769) - 06/11/02 Most bullish reading of the year: 19,088 - 01/21/02 DOW JONES INDUSTRIAL Not much change this week for Commercials. Small traders are slightly more bearish on the Dow. Commercials Long Short Net % of OI 01/23/04 16,403 9,252 7,151 27.9% 01/27/04 16,536 8,404 8,162 32.7% 02/03/04 17,765 9,619 8,146 29.7% 02/10/04 21,764 11,974 9,790 29.0% Most bearish reading of the year: (8,322) - 1/16/01 Most bullish reading of the year: 15,135 - 10/16/01 Small Traders Long Short Net % of OI 01/23/04 6,068 10,183 (4,115) (25.3%) 01/27/04 7,240 12,372 (5,132) (26.2%) 02/03/04 6,352 13,113 (6,761) (34.7%) 02/10/04 6,267 14,220 (7,953) (38.8%) Most bearish reading of the year: (10,136) - 12/16/03 Most bullish reading of the year: 8,523 - 8/26/03 ----------------------------------------------------------------- ================================================================== 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 --------------------------------- Advance Auto Parts - AAP - close: 39.50 change: -2.52 WHAT TO WATCH: Look out below! Investors decided to sell the news following last night's earnings report and the stock plunged 6% to end just above key support at $38.50. Should that support break, APP should continue at least to $36, while $35 looks like a more likely target. Use a trigger under support and a stop just over the 50-dma. --- Scientific Atlanta Inc. - SFA - close: 32.65 change: -1.00 WHAT TO WATCH: After a failed post-earnings breakout, SFA has been drifting sideways in the $32-35 zone and it looks like a breakdown is about to occur. If price breaks $32.50, then we can look for a drop to the $30 level and then the 200-dma, which is currently just under $29. Use a trigger under $32. --- Williams Companies - WMB - close: 9.39 change: -0.58 WHAT TO WATCH: Issuing a disappointing forecast for 2004 with its earnings report this morning was not what investors wanted to see and they knocked the stock back for a nearly 6% loss. While it may be a bit soon after earnings to jump into the breakdown, but if price breaks the 200-dma and $8.80 support, it could make for a great momentum play down to strong support near $7.00. --- Abbott Laboratories - ABT - close: 43.34 change: -1.25 WHAT TO WATCH: With the rebound from the bottom of its rising channel failing and a pending breakdown under the 200-dma looking imminent, ABT certainly looks like a good bearish candidate. But taking a look at the weekly chart shows the long-term rising trendline at $41.50. A drop to that level could make for a solid longer-term bullish play back up to the $45 area. --- =================== On the RADAR Screen =================== MER $61.68 - Delivering a nice breakout over the $60 level, shares of MER are now starting to show a bit of weakness. This could be giving us the setup to buy a rebound from new support in the $59-60 area ahead of a continuation up towards the $65-66 area. MWD $61.50 - MWD has been a steady performer in the Brokerage sector these past many months, steadily rising in its ascending channel. With the recent breakout over $60, it looks like the bullish trend is still very much intact. Look for a pullback to confirm that level as support, and target entries on the rebound, anticipating a near-term move to the top of the channel near $64. LH $37.93 - Shares of LH have been falling sharply for the past week, and today's earnings report didn't help, with the stock plunging through the 50-dma on heavy volume. This looks like an aggressive breakdown play, with a likely target of $34.50-35.00, the site of strong support from November/December. Use a trigger under today's low. ================================================================= 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 ) 2003 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter Thursday 02-19-2004 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 ================================================================= Stop Adjustments: None Closed Plays: None 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 ================================================================= None ================================================================= Closed Plays ================================================================= None ================== 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 WB Wachovia Corp 48.15 +0.55 RD Royal Dutch 48.50 +0.74 FNM Fannie Mae 79.76 +0.73 UNH UnitedHealth 61.06 +0.76 KMB Kimberly Clark 61.92 +1.13 COF Capital One 72.25 +0.60 --------------------------------------- Breakout to Upside (Stocks $5 to $20) --------------------------------------- KG King Pharmaceuticals 19.25 +2.39 ELN Elan Corp 13.35 +1.55 WFII Wireless Facilities 16.03 +1.02 MDTL Medis Technologies 16.42 +1.46 DHC Danielson Holding 9.55 +1.94 --------------------------------------- Breakout to Upside (Stocks over $20) --------------------------------------- WY Weyerhaeuser 65.65 +1.54 BIIB Biogen Idec Inc 58.88 +5.65 GDW Golden West Financial 109.85 +1.80 RSH RadioShack 35.41 +2.10 MICC Millicom Cellular 89.77 +1.52 UNFI United Natural Foods 46.43 +1.33 EEFT Euronet Worldwide 20.05 +1.44 ------------------------------------------- Breakout to Downside (Stocks over $20) ------------------------------------------- DISH Echostar Communications 36.68 -1.99 WIT Wipro Ltd 41.88 -4.42 GENZ Genzyme Corp 53.43 -2.04 INFY Infosys Technologies 84.47 -5.53 INTU Intuit Inc 45.24 -3.95 LH Laboratory Corp 37.93 -1.33 ARW Arrow Electronics 24.65 -1.56 ASCL Ascential Software 21.68 -1.72 PNRA Panera Bread 39.29 -4.76 ----------------------------------------- Recently Overbought With Bearish Signals (Stocks over $20) ------------------------------------------- MAC Macerich Co 49.12 -1.12 ELAB Eon Labs 58.21 -2.78 CNT Centerpoint 78.00 -1.27 ADP Automatic Data Processing 43.25 -0.97 SAFC Safeco 44.33 -0.79 ================================================================= 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 2003 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
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