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Daily Newsletter, Thursday, 02/26/2004

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PremierInvestor.net Newsletter                 Thursday 02-26-2004
                                                    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:      Battle For Control
Market Sentiment: Less Bullish
Watch List:       ADRX, DY, HAL, TYC


=================================================================
MARKET WRAP  (view in courier font for table alignment)
=================================================================
      02-26-2004           High     Low     Volume   Adv/Dcl
DJIA    10580.14 - 21.50 10612.14 10539.33 1.77 bln 1994/1220
NASDAQ   2032.57 +  9.60  2037.17  2012.83 1.76 bln 1944/1236
S&P 100   565.49 -  0.37   566.99   563.08   Totals 3938/2456
S&P 500  1144.91 +  1.24  1147.23  1138.62
W5000   11162.14 + 28.50 11177.06 11088.70
RUS 2000  583.86 +  4.82   583.86   576.58
DJ TRANS 2891.78 + 22.80  2892.76  2861.22
VIX        14.83 -  0.01    15.33    14.69
VXO (VIX-O)14.65 -  0.34    15.59    14.59
VXN        23.10 -  0.45    24.14    23.07
Total Volume 3,800M
Total UpVol  2,552M
Total DnVol  1,169M
Total Adv  4439
Total Dcl  2776
52wk Highs  350
52wk Lows    12
TRIN       0.93
PUT/CALL   0.64
=================================================================

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

Battle For Control

The fight for leadership continues to keep the markets in
their recent ranges as mixed indexes and sector rotation
proceeds on low volume. The Dow closed down while the Nasdaq
stretched its gains but the real heroes were the Russell and
the SOX. Small cap techs continue to rebound from the weeks
of profit taking but they are still struggling to swim
upstream weighted down by heavy blue chips.

Dow Chart - Daily


Nasdaq Chart - Daily



The morning started off negative with the Jobless Claims
rising to hit the 350,000 level again and helped to increase
the rising fear that jobs are not improving. We will get the
nonfarm payrolls for February next Friday and with the rising
claims the odds are good we are not going to see a strong
bounce in payrolls. What we appear to be seeing is a mild
reduction in individual layoffs but no real pickup in hiring.

The Monthly Mass Layoffs announced on Wednesday rose to highs
not seen since Dec-2002 and was the second month of strong
increases. The January layoffs at 239,454 was a +25% jump
over December and a +73% rise over November. These are very
strong jumps and suggest the corporate world is still doing
some belt tightening. AT&T announced 4600 job cuts yesterday
and Apple announced an undisclosed number of layoffs in their
education unit as well.

The Help Wanted Index rose one point to 38 for January but
this is not significant as the index has been moving between
37-39 for the last year. Still no pickup in advertising for
new jobs. This could be seen as confirmation that the payroll
number next week could be weak.

The most negative number for the day was the Durable Goods
Orders which fell -1.8% for January. Fortunately the December
number at +0.0% was revised up to +1.6% which blunted the bad
news for January. For the last three reporting months we had
-2.4% in Nov, +1.6% in Dec and -1.8% in January. You can
quickly see we are averaging a drop of nearly -1.0% for the
last three months. Computer products dropped -2.1% in January
and aircraft and motor vehicles fell -10.2%. If it were not
for a giant +73.3% gain in communications equipment, the
largest gain since 1997, the headline numbers would have
been seriously deficient. The shipment component was flat
and back orders fell for the first time in six months. This
was not a good report and all eyes will be on the ISM
release next week for more current info.

January New Home Sales fell to 1.106M and the lowest level
since May-2003 but the culprit as we know was the weather.
The pace is still strong despite the drop and once the
spring weather appears I suspect sales will return.
Inventory has risen to a 4.1-month supply and with rates
close to hitting six month lows again that inventory should
be sold quickly this spring.

Toll Brothers reported a +10% gain in profits today and
said it saw no signs of slowing demand so far in February
despite the bad weather. They said results were impacted
by the weather which delayed completions and scheduled
closings. Obviously these will catch up once the sun
returns. TOL projected +20% revenue growth for 2004.

PeopleSoft got a reprieve today when the government said
it would file suit to block the Oracle takeover as anti
competitive. Larry Ellison has threatened to sue the
government if the deal was blocked and it looks like he
will get his chance. Once the ruling was announced BEAS
spiked upward on the rumor that a failed takeover try of
PSFT would have ORCL looking for other targets.

DNA got approval for an anti cancer drug that is supposed
to add five months to the life expectancy of colon cancer
patients. In anticipation of this approval the stock has
surged from $40 to $98 and an increase of $30 billion in
market cap. The stock surged on the approval today from
$98 to $103 adding even more to the market cap increase
for this one drug. IF this was going to be a blockbuster
like Viagra or Prilosec if would have to apply to a larger
segment of the population than just colon cancer patients.
I find it hard to believe this gain will stick and I believe
you are looking at the Editors Play for Sunday. Hint, hint.

The indexes posted a lackluster day of trading on weak volume
and a lack of big cap leadership. The Dow continued to trade
sideways just below 10600 for the fourth consecutive day and
showed no real inclination to fight the status quo. While it
waits for motivation the 50dma continues to rise and was
slightly over 10502 at the close. Instead of the Dow falling
to retest the 50dma support the 50dma is slowly rising to
meet the Dow. This sets up an interesting scenario of a
support test without a drop. Is it a valid retest? That
remains to be seen and at the current rate of ascent and
the weakness in the Dow that touch could come as early as
Friday.

The Nasdaq closed at 2031 and well over the low for the week
at 1991. That low was only +5 points above the 100 dma and
is close enough for a support test for me. The next real
test for the Nasdaq is the 50dma just overhead at 2048. When
you consider the weakness in the Dow the Nasdaq has been
holding up the markets since Tuesday. Actually it has been
the small cap techs in the Nasdaq that are seeing the new
buying interest.

The Russell and the SOX have been the stars. The SOX has
moved up for three consecutive days and closed just below
510 today. Comments from NVLS and several other chip stocks
have been reinforcing the idea that chip orders are rising
quickly and where the SOX goes the Nasdaq will follow. The
SOX will hit new resistance at 515.

Semiconductor Index - Daily


Russell Chart - Daily



The Russell is in the best shape of any index and is only
14 points below its February high. We had a very successful
test of the 50dma this week with three days of trading on
that support before it launched the current strong move.
The Russell closed exactly on its 10dma today at 583 and
that should be the last line of resistance before a return
to the highs. This is very bullish and if it continues the
little guys could actually drag the blue chips back from
the cliff and trigger the start of the April earnings run.

With the exception of the Dow all the major indexes have
been improving slightly as the week progresses. The Dow
would be taking part in the rebound if it were not for
three stocks. In the last four days UTX has dropped from
$97 to today's low of $89 and impacted the Dow to the tune
of -60 points. Boeing dropped to $42 from $45 for another
-21 Dow points. MMM fell from nearly $81 to $78 for -21
Dow points. That is only three stocks that have accounted
for over -100 Dow points over the last four days and the
Dow closed today only a handful of points below Monday's
close. The Dow has taken the whipping and held its ground.

Tomorrow the challenge will be the GDP revision at 8:30.
Estimates are for a drop to +3.6% from the initial estimate
of +4.0% last month. Nobody expects a material revision
but you never can tell. Also out on Friday is the Consumer
Sentiment, Chicago PMI and the NY-NAPM. Considering how
the recent economic reports have been all over the map
we can't count on these reports being business as usual.
There is always a risk that some number will stray from
the acceptable norm.

Friday is also month end and the next three days are
historically bullish as window dressing and month end
cash flows push stock prices higher. Traders looking
for a bounce to lighten the load are probably looking
at the next three days for that purpose as well. We are
still in a consolidation period and until the indexes
start pushing away from the averages and venturing out
toward the recent highs there is not going to be much
excitement. Trading this week has been very boring and
interspersed with only a few random program trades to
wake traders up. Volume has been very light with the
last two days trading less than 3.8B shares across all
markets. We were hitting 5.2B when the markets were at
their highs. After Friday we will be two thirds of the
way through the quarter and traders will probably start
thinking about positions for Q1 earnings. They will
probably not enter those positions until after the
Employment Report next Friday. Nobody wants to make a
big bet only to have it blow up on them with a negative
jobs report.

I am still in "buy the dip" mode and so far it is working
fine. Last Thursday I told you to expect some bargain
hunting opportunities this week and the dip played out as
expected. The Nasdaq stopped its drop at 2000 and the SOX
and Russell both rebounded from textbook tests of support.
I am not ready to sound the charge yet but I do think we
are getting close.

Enter Passively, Exit Aggressively.

Jim Brown
Editor


===============================
Market Sentiment
===============================

Less Bullish
- J. Brown

Thursday was a lot less bullish than I had expected, at least
considering the major indices closing numbers.  Maybe it was the
disappointing durable goods orders.  The new home sales figures
were actually better than expected.  The NASDAQ did continue its
bounce from Tuesday's low boosted by strength in the networking,
hardware and Internet stocks.  Yet the Dow and the S&P merely
churned sideways.  Looking back this month appears to be living
up to its historical trend for consolidation.

We could still be dealing with a "tired" market.  The DJIA and
SPX really haven't produced a decent correction and traders may
be reluctant to chase stocks here without a clear catalyst to
drive stocks higher.  Fortunately, the big picture for stocks
this year remains positive.  Greenspan's comments yesterday are
bullish for the markets.

Market internals were bullish with advancing stocks outpacing
decliners 17 to 10 on the NYSE and 18 to 12 on the NASDAQ.  Up
volume was about twice as strong as down volume on both
exchanges.

Noteworthy sector moves is a new, almost two-year high for the
biotech index (BTK.X), which was fueled by a $7 run in Genentech
(DNA) after the FDA approved its drug for colon cancer.

The oil index (OIX) has finally broken out above resistance at
the 330 level and the oil services index (OSX) has hit another
new high as oil closes above $35 a barrel.

The DJUSHB home construction index turned in a strong 3.77% gain
today after the better than expected new home sales numbers and
the group looks poised to challenge its all-time highs.



-----------------------------------------------------------------

Market Averages

DJIA ($INDU)

52-week High: 10753
52-week Low :  7416
Current     : 10580

Moving Averages:
(Simple)

 10-dma: 10635
 50-dma: 10502
200-dma:  9659



S&P 500 ($SPX)

52-week High: 1158
52-week Low :  788
Current     : 1144

Moving Averages:
(Simple)

 10-dma: 1146
 50-dma: 1126
200-dma: 1039



Nasdaq-100 ($NDX)

52-week High: 1559
52-week Low :  938
Current     : 1477

Moving Averages:
(Simple)

 10-dma: 1483
 50-dma: 1488
200-dma: 1355


-----------------------------------------------------------------

The volatility indices have been crashing the last three sessions
even though the markets haven't been making any huge gains.  This
is a sign of investors confidence and suggests we could see
another move higher soon in the indices.

CBOE Market Volatility Index (VIX) = 14.83 -0.10
CBOE Mkt Volatility old VIX  (VXO) = 14.65 -0.34
Nasdaq Volatility Index (VXN)      = 23.10 -0.45

-----------------------------------------------------------------

          Put/Call Ratio  Call Volume   Put Volume

Total          0.64        714,777       460,082
Equity Only    0.52        607,116       316,163
OEX            0.92         16,687        15,408
QQQ            1.80         38,236        69,009


-----------------------------------------------------------------

Bullish Percent Data

           Current   Change   Status
NYSE          76.0    + 0     Bull Confirmed
NASDAQ-100    61.0    - 2     Bear Confirmed
Dow Indust.   86.7    + 0     Bull Confirmed
S&P 500       85.4    + 0     Bull Confirmed
S&P 100       87.0    + 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: 1.15
10-dma: 1.08
21-dma: 1.03
55-dma: 1.00


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    1761      1863
Decliners    1063      1184

New Highs     194       132
New Lows        6         6

Up Volume   1103M     1171M
Down Vol.    572M      531M

Total Vol.  1701M     1733M
M = millions


-----------------------------------------------------------------

Commitments Of Traders Report: 02/17/04

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

Commercial traders are still stuck in limbo with very little
movement, although the movement this week was bullish.  As is
normally the case small traders moved the opposite direction.


Commercials   Long      Short      Net     % Of OI
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%)
02/17/04      416,148   415,278       870     0.0%

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
01/27/04      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%
02/17/04      141,533    84,227    57,306    25.3%

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

Commercial traders became slightly more bearish last week
with a decent increase in short positions.  Small traders
increased both longs and shorts but overall look a lot
more bullish.


Commercials   Long      Short      Net     % Of OI
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%)
02/17/04      296,313   371,703    (75,390)  (11.3%)

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
01/27/04     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%
02/17/04     144,014     64,391    79,623    38.2%

Most bearish reading of the year: (77,385)  - 09/02/03
Most bullish reading of the year: 449,310   - 06/10/03


NASDAQ-100

Commercials still aren't making any big changes here but
they did turn slightly more bullish on the NDX.  Small
traders didn't move much.


Commercials   Long      Short      Net     % of OI
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%
02/17/04       46,104     40,385     5,719    6.6%

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
01/27/04       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%)
02/17/04        9,630    12,338    (2,708)  (12.3%)

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

Minor increases in both shorts and longs for commercial
traders lead to a small up tick in bullish sentiment.
Small traders turned slightly more negative on the Dow.


Commercials   Long      Short      Net     % of OI
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%
02/17/04       24,451    12,907   11,544      30.9%

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
01/27/04        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%)
02/17/04        6,768    15,623   (8,855)   (39.5%)

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
---------------------------------

Adrx Corporation - ADRX - close: 29.71 change: +1.90

WHAT TO WATCH: Along with much of the broad market, ADRX has been
acting bullish for the past few months, but the stock got an
extra shot of adrenaline in early February, breaking out over the
$26 level.  After consolidating that move, it looks like another
breakout is in progress.  Use an entry trigger over $30 and
target a run to the $35 area.




---

Dycom Industries Inc. - DY - close: 26.36 change: +0.83

WHAT TO WATCH: Breaking its recent downtrend in explosive fashion
on Tuesday, shares of DY have now risen right to resistance at
$26.50, breaking back over the 50-dma today.  Use a trigger over
$26.60 and target a rally back to the $30 level, the site of the
January highs.




---

Halliburton Company - HAL - close: 31.73 change: +0.59

WHAT TO WATCH: Once it broke out over the $26 resistance level,
HAL has been running strongly higher in a 2-month rising channel.
The dip earlier this week found support right at the bottom of
that channel and the stock is on the move again.  Use an entry
trigger at $32, which will be a new 2-year high.  Look for a
continued rise to $35-36 resistance.




---

Tyco International Ltd. - TYC - close: 28.40 change: +0.26

WHAT TO WATCH: We've looked at shares of TYC in this space a few
times recently, as the stock continues to work its way higher in
a year-long rising channel.  Earlier this week, the stock pulled
back to the midline of that channel and rebounded from just above
the 50-dma.  With oscillators turning north again, this looks
like a good opportunity to step into the bullish trend and ride
it higher in the weeks ahead.




---

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

APA $40.68 - After a sharp bout of profit taking in late January,
APA has built a fresh base and is once again making a run at its
highs near $43.  Today's breakout over the 50-dma points to a
breakout rally already underway.  A dip back near the 50-dma can
be used for entry, targeting a return to the January highs.

YUM $37.04 - After consolidating between $32-35 for the past
several months, YUM broke out earlier this month and has been
moving steadily higher.  Today's strong rally produced a breakout
to new all-time highs and it looks like the bulls are firmly in
charge.  Ideal entries will be found on a pullback to confirm
support just below $36 before a continued bullish move towards
the $40 level.

KKD $38.02 - Following a brief dip under $35, KKD found some
relief from the buyers and is back to testing near-term
resistance.  A break over $38.30 can be used for a breakout
entry, targeting a rise back towards the $42-43 resistance level.
Watch for potential resistance at the 200-dma at $39.67.


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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:
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Copyright ) 2003  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter               Thursday 02-26-2004
                                                  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:      BA
Stock Splits:      HBHC, IDSA, NIHD


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

The Boeing Co. - BA - close: 42.44 change: -1.38 stop: 42.25

Along with several other Defense stocks, BA got knocked back on
Monday on news of the Pentagon canceling the Comanche helicopter
program.  For a couple days, it looked like the stock would
regain its footing near the $43 support level and make another
run at the $45 resistance level.  Those expectations were
nullified this morning though, as the stock plunged again,
briefly trading under $42 (and triggering our stop).  With the
close under the 50-dma, the stock is not looking very healthy and
it's clear that our stop was in the right place.  It's definitely
time to move on.

Picked on February 11th at  $44.49
Change since picked          -2.05
Earnings Date              1/29/04 (confirmed)
Average Daily Volume =    3.09 mln





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

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

HBHC declares a 2-for-1 stock split

 About 90 minutes after the closing bell this evening Hancock
Holding Company, the parent of Honcock Bank in Missippi and
Louisiana, announced that its Board of Directors had approved a 2-
for-1 stock split of its common shares.

The split will take effect as a 100% stock dividend.  This
dividend is payable on March 18th, 2004 to shareholders on record
as of March 8th.


About the company:
Hancock Holding Company -- the parent company of Hancock Bank
Mississippi and Hancock Bank of Louisiana -- has assets of $4.2
billion. One-hundred- five-year-old Hancock Bank ranks among the
top 4.6 percent of America's financial institutions for financial
strength and stability, according to Veribanc, Inc., and has
received a BauerFinancial, Inc., five-star superior rating (the
highest rating possible) for the past 36 consecutive quarters.
Hancock Bank operates 102 full-service offices and more than 140
automated teller machines throughout South Mississippi and
Louisiana as well as subsidiaries Hancock Investment Services,
Inc., Hancock Insurance Agency, Hancock Mortgage Corporation,
Magna Insurance Company, and Harrison Finance Company.
(Source: Company Press Release)

---

IDSA declares a 2-for-1 stock split

This morning before the opening bell Industrial Services of
America, Inc. (NASDAQ:IDSA) announced that its board of directors
has approved a 2-for-1 stock split of its common shares.

The payable date for the split will be March 30th, 2004 for
shareholders on record as of March 16th.


About the company:
Industrial Services of America, Inc., is a management services
company that offers total package waste, scrap and recycling
management services to commercial and industrial customers
nationwide, as well as provides recycling and scrap processing and
waste handling equipment sales and service
(Source: Company Press Release)

---

NIHD dials up a 3-for-1 stock split.

This morning before the opening bell NII Holdings, Inc
(NASDAQ:NIHD) reported fourth quarter earnings and announced a 3-
for-1 stock split of its common shares.

Details on the stock split are as follows.  The split will take
form as a stock dividend.  The dividend will be payable on March
22nd, 2004 to shareholders on record as of March 12th.
Shareholders will receive two extra shares for each share they
own.


About the company:
NII Holdings, Inc., a publicly held company based in Reston, Va.,
is a leading provider of mobile communications for business
customers in Latin America. NII Holdings, Inc. has operations in
Argentina, Brazil, Mexico and Peru, offering a fully integrated
wireless communications tool with digital cellular service,
text/numeric paging, wireless Internet access and Nextel Direct
Connect., a digital two-way radio feature.
(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

CHA     China Telecom              38.26     +1.11
BCM     Canadian Imperial Bank     50.59     +1.97
ETR     Entergy Corp               58.39     +0.79
AT      Alltel Corp                51.54     +0.74
DVN     Devon Energy Corp          56.00     +0.80
BR      Burlington Resources       57.96     +0.67

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

ENZN    Enzon Pharmaceuticals      16.37     +1.27
DCGN    Decode Genetics            13.20     +2.60
CLB     Core Labs                  19.35     +1.13
VTS     Veritas                    16.35     +2.16

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

DNA     Genentech Inc             103.10     +7.02
RCL     Royal Caribbean Cruises    44.39     +1.11
JCP     J.C.Penney Co              31.00     +1.24
MGG     MGM Mirage                 44.31     +1.46
TIF     Tiffany & Co               42.65     +3.17
DF      Dean Foods                 36.34     +1.24
PHM     Pulte Homes                50.21     +3.16

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

UTX     United Technologies        89.88     -2.42
PAYX    Paychex Inc                31.90     -1.01
CNI     Canadian Natl Railway      58.40     -1.03
ESI     ITT Eductional Services    37.26     -1.24
SCHL    Scholastic Corp            31.98     -2.42
SRZ     Sunrise Senior Living      37.82     -4.08

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

UN      Unilever N.V.              72.53     -0.87
SEB     Seaboard Corp             341.00     -4.00


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