Option Investor
Newsletter

Daily Newsletter, Sunday, 06/13/2004

HAVING TROUBLE PRINTING?
Printer friendly version
PremierInvestor.net Newsletter          Weekend Edition 06-13-2004
                                                    section 1 of 3
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 Those Bulls Loose!
Market Sentiment:  Unmotivated
Watch List:        Defense, Wireless, Auto parts and more

=================================================================
MARKET WRAP  (view in courier font for table alignment)
=================================================================
        WE 6-11         WE 6-04         WE 5-28         WE 5-21
DOW    10410.10 +167.18 10242.8 + 54.37 10188.5 +221.71 - 46.13
Nasdaq  1999.87 + 21.25 1978.62 -  8.12 1986.74 + 74.65 +  7.84
S&P-100  554.90 +  7.82  547.08 +  1.95  545.13 + 10.80 -  1.14
S&P-500 1136.47 + 13.97 1122.50 +  1.86 1120.64 + 27.08 -  2.10
W5000  11045.95 +109.64 10936.3 +  9.95 10926.4 +301.26 -  9.61
SOX      476.28 +  5.37  470.91 - 17.95  488.86 + 30.68 +  7.19
RUT      569.12 +  1.37  567.75 -   .53  568.28 + 22.47 +  2.05
TRAN    3024.71 + 32.43 2992.28 + 44.27 2948.01 + 82.26 + 12.86
WE = week ending
=================================================================

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

Let Those Bulls Loose!
by Jim Brown

That was the most remembered comment from President Reagan
when he last visited the NYSE. Multiple interviews with
floor traders this week brought tears to their eyes as
those words were remembered. To spark emotion from hardened
traders more than ten years after the fact is a stark
testimony to the strong feelings Americans had for him.

Holiday volume produced a surprise on Thursday with the
markets finishing positive for the day. I say a surprise
because the extreme event risk over the next three days
could have easily turned into selling as investors moved
to safety. Is this a sign that investors have completely
discounted the potential for future terrorist attacks?
More likely it is a sign that greed is still alive and
well.

Dow Chart - Daily


Nasdaq Chart - Daily


SPX Chart - Daily



Thursday started off with a jolt as Jobless Claims rose
to 352,000 for the week and a seven week high. The prior
weeks claims were revised up to 340,000. This pushed the
four week moving average to 346,000 and dangerously close
to the 350K mark where economists start getting worried.
The markets shook off the news very quickly on comments
that holiday adjustments probably skewed the number and
it will revert to lower levels next week. More importantly
continuing claims fell under 2.9 million and the lowest
level since the recovery began. This was a -106K drop
for the week. This suggests there are still jobs being
created and filled. The pace of job creation is expected
to slow over the summer months to something just over
125K and pickup again in the fall.

With the Fed meeting only two weeks away the Import and
Export Prices were viewed with inflation in mind. Import
prices jumped +1.6% mostly due to higher oil prices. The
core rate excluding energy still rose +0.4% and more than
expected. Export prices rose +0.3% with agricultural
prices slowing their upward sprint. With inflation seen
in almost every recent economic report there is no doubt
the Fed will hike at the end of this month. How high is
still up for discussion.

There was little stock news this week to produce major
moves. Once the decision was made on Monday to close the
exchanges the volume died for the rest of the week. Each
time a Reagan special coverage alert hit TV screens the
volume came to a halt until the event came to a close.
Thursday barely traded three billion shares despite the
Russell shuffle announcement coming on Friday and quarterly
option expiration ahead. While Friday is the official
day of mourning the entire week had a somber mood.

For the week the Dow gained +167 points but most of those
gains came on Monday and Tuesday. Wednesday and Thursday
were spent treading water at the 10400 level and exactly
where it managed to close for the week. As I said Tuesday
the 10400-10550 level is very strong resistance and nothing
has changed. The Dow did manage to blast through the 10325
resistance level I discussed last Sunday with a monster
gap on Monday morning. I had speculated that a futures
gap up on Monday could likely accomplish that feat where
the prior week of chipping away at resistance had failed.
With the Dow closing at 10400 ahead of weekend event risk
it appears we could be looking at another repeat performance
on Monday with no negative events.

The Nasdaq was not able to follow through on its resistance
test like the Dow. The Nasdaq stalled at 2020 and then fell
back below 2000 by Thursday's close. The major battleground
for the Nasdaq was the SOX and the Russell. The Sox failed
at the 100 dma three days last week at 487. There was a
significant bout of selling on Wednesday and the Sox
returned to languish at 475. Without the Sox the Nasdaq
cannot advance. Surprisingly the Semiconductor Industry
Association upgraded their estimates for chip sales for
2004 to record levels and it had no impact. The semi
sector appears to be priced to perfection when multiple
upgrades in one week cannot move it higher.

SOX Chart - Daily



Also impacting the Nasdaq and the Sox is the Russell
rebalancing coming at the end of June. This annual event
produces strong volatility in the small caps and the index
dropped -10 points on Wednesday in advance of the release.
The changes to the Russell indexes are normally announced
this Friday with two weeks until they take place at the
end of June. Because the change in the indexes is announced
two weeks in advance there is plenty of opportunity for
volatility as traders jockey for position.

The Russell 2000 is a very widely followed index and much
more so than the Russell 1000. Russell calculates the top
3000 largest market cap stocks and then splits them into
the top 1000 as big caps and next two thousand as mid/small
caps. Because of the methodology there are always a large
number of stocks which have grown their market cap moving
out of the lower 2000 and into the upper 1000. Obviously
those moving higher were already larger companies which
were already heavily weighted in the 2000 index. When they
move out of the index funds must sell them. Since the move
is announced two weeks in advance there is plenty of time
for aggressive funds to sell in advance of the actual
change in order to get out before the general fund groups
all dump on the same day. I have probably already confused
everyone but the bottom line is a volatile Russell for the
two weeks after the announcement. With the announcement
coming on a market holiday this week we saw selling in
the Russell leaders on Wednesday in advance of the Friday
announcement. This produced a -10 point drop on Wednesday
and a flat index on Thursday. Monday could see additional
volatility as funds react to the holiday announcement.

I went through this complicated explanation to show why
I think the Nasdaq may have trouble making headway next
week. The Russell typically drops over this period with
the drop from the pre announcement levels to the post
announce low averaging about 26 points over the last four
years. If the -10 point drop on Wednesday was part of this
then we could see a muted impact but still an impact.

Russell-2000 Chart - Daily



We still have the problem with the indexes at the bottom
of a very strong resistance range and the VXO at critical
reaction levels as I explained on Tuesday night. We had
the rally to these resistance levels on Tuesday and the
VXO hit a 52-week low. We followed that event with a sell
cycle but one that was weak and lacked any follow through.
The indexes simply rested from their run and consolidated
at the bottom of the resistance range. Thursday's small
rebound positioned them for takeoff next week and sent
the VXO back below 14 once again.

The stage is set for the state funeral on Friday and
for the markets to make a critical resistance test on
Monday. We know how the Reagan services will end with
the cameras staring at a California sunset on Friday.
We do not know how the resistance test will end on Monday.
There are no major economic reports on Monday and the
markets will be able to soar to their hearts content if
they are able. Tuesday is a different story. We have
several critical reports and Greenspan will testify
before the Senate Banking Committee on his confirmation
process. You can bet there will be some pointed questions.
I still feel the markets want to move higher but will have
trouble with the next hurdle. The week could boil down to
Monday's market action. A resistance failure on Monday
could trap us in a range for the rest of the week as the
economic reports begin to flow again and the earnings
warning cycle heats up.

I see strong Dow resistance from 10400-10550, Nasdaq
2020-2060, SPX 1140-1150. Those are big ranges and strong
resistance. However, support levels continue to rise and
selling pressure has moderated significantly. We are
definitely coming to a crossroads in the market and
Monday should be the next signpost. A wrong turn could
doom us to weeks of congestion as we approach June 30th.
The right turn could lead to a freeway above those levels
and a real breakout into a summer rally. Either way it
will be an interesting drive.

Enter Very Passively, Exit Very Aggressively!

Jim Brown


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

Unmotivated
- J. Brown

The markets have been very flat the last three days because there
is little reason for investors to move.  The major indices are at
or near significant resistance but there was no impetus to buy
stocks with the long weekend ahead of them.  What surprised us
was there was not much selling pressure ahead of the weekend
given the opportunity for what many are calling "event risk".
Any time there is a long weekend and one with national events
like the funeral tomorrow investors generally turn cautious and
minimize or hedge positions.

Investors are focused on more than just the weekend.  Next week
we have a number of fed governors offering comments so they can
prep the markets ahead of the two-day FOMC meeting at the end of
June.  We might get the PPI report out next week too if the
government can finish their calculations.  The PPI will cast more
light on the state of inflation and this could determine whether
or not we get a 25 basis point hike or more.  Most analysts are
only expecting a 25-point hike in June so this shouldn't change
if the PPI comes in near the estimate for a +0.05% jump in
prices.  Unfortunately, traders are unmotivated to make any moves
until after the FOMC meeting and the interest rate decision is
know.

What should be a concern for traders are the volatility indices.
The VXO or the old VIX is back under the 14 level again.  Jim
discussed the VXO and how it generally signals market tops in his
wrap on Tuesday.  Currently with the VXO this low it's signaling
that investors have almost no fear.  When everyone's leaning the
same direction it usually time for a change.  Interpreting the
volatility indices is more art than science and the signals can
be a few days off but we need to be careful when consider new
bullish positions.  The VIX and VXO can always trade lower, which
is something we've learned over the past year or two.


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

Market Averages

DJIA ($INDU)

52-week High: 10753
52-week Low :  8871
Current     : 10410

Moving Averages:
(Simple)

 10-dma: 10290
 50-dma: 10266
200-dma: 10101


S&P 500 ($SPX)

52-week High: 1163
52-week Low :  962
Current     : 1136

Moving Averages:
(Simple)

 10-dma: 1127
 50-dma: 1120
200-dma: 1090


Nasdaq-100 ($NDX)

52-week High: 1559
52-week Low : 1180
Current     : 1481

Moving Averages:
(Simple)

 10-dma: 1470
 50-dma: 1448
200-dma: 1433


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

CBOE Market Volatility Index (VIX) = 15.04 -0.35
CBOE Mkt Volatility old VIX  (VXO) = 13.91 -0.85
Nasdaq Volatility Index (VXN)      = 21.23 -1.12


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

          Put/Call Ratio  Call Volume   Put Volume

Total          1.15        486,746       559,901
Equity Only    1.01        364,599       367,379
OEX            1.16         27,569        31,867
QQQ            3.97         22,707        90,205


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

Bullish Percent Data

           Current   Change   Status
NYSE          65.8    - 1     Bear Confirmed
NASDAQ-100    40.0    + 0     BULL ALERT
Dow Indust.   70.0    + 0     Bear Confirmed
S&P 500       63.6    + 0     Bear Confirmed
S&P 100       63.0    + 0     Bear 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: 0.77
10-dma: 0.94
21-dma: 1.01
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    1607      1533
Decliners    1201      1472

New Highs      45        33
New Lows       24        31

Up Volume    844M      724M
Down Vol.    568M      578M

Total Vol.  1458M     1327M
M = millions


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

Commitments Of Traders Report: 06/01/04

! Please Come Back and Check the Market Sentiment on
Tuesday June 15th for New COT Figures & Commentary

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

Action in the large S&P 500 futures contracts has been slow.
Commercial traders remain net short but the bearish interest has
been declining for two weeks now.  Small traders' positions are
virtually unchanged.


Commercials   Long      Short      Net     % Of OI
05/11/04      401,365   421,672   (20,307)   (2.5%)
05/18/04      394,352   423,258   (28,906)   (3.5%)
05/25/04      400,713   420,764   (20,051)   (2.4%)
06/01/04      406,665   421,681   (15,016)   (1.8%)

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
05/11/04      135,534    76,987    58,547    27.5%
05/18/04      139,647    74,597    65,050    30.4%
05/25/04      136,086    79,060    57,026    26.5%
06/01/04      137,100    79,583    57,517    26.5%

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

Wow!  Commercial traders are completely undecided with a
dead heat between longs and shorts.  Meanwhile small traders
have turned bullish.


Commercials   Long      Short      Net     % Of OI
05/11/04      378,696   362,887     15,809     2.1%
05/18/04      390,484   357,157     33,327     4.5%
05/25/04      353,722   336,406     17,316     2.5%
06/01/04      325,865   325,274        591     0.0%

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
05/11/04      101,199     94,408     6,791     3.5%
05/18/04       62,216     87,269    25,053    16.8%
05/25/04       91,515    100,759   ( 9,244)  ( 4.8%)
06/01/04      111,484     90,625    20,859    10.3%

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


NASDAQ-100

Commercial traders have hit new bullish extremes we've not
seen in many months.  Right on track small traders have hit
bearish extremes.


Commercials   Long      Short      Net     % of OI
05/04/04       56,931     35,209    21,722   23.6%
05/18/04       58,376     37,528    20,848   21.8%
05/25/04       59,891     37,630    22,261   22.8%
06/01/04       59,944     34,784    25,160   26.6%

Most bearish reading of the year: (21,858)  - 08/26/03
Most bullish reading of the year:  25,160   - 06/01/04

Small Traders  Long     Short      Net     % of OI
05/11/04        9,716    21,072   (11,356)  (36.9%)
05/18/04        9,843    18,935   ( 9,092)  (31.6%)
05/25/04       10,184    20,653   (10,469)  (33.9%)
06/01/04        9,755    30,025   (20,270)  (51.0%)

Most bearish reading of the year: (20,270) - 06/01/04
Most bullish reading of the year:  19,088  - 01/21/02

DOW JONES INDUSTRIAL

Not much action going on here with the commercial traders.
They remain slightly bearish on the Dow.  Small traders are
growing more bullish.


Commercials   Long      Short      Net     % of OI
05/11/04       22,614    21,507    1,107       2.5%
05/18/04       22,257    22,444   (  187)     (0.4%)
05/25/04       23,578    24,632   (1,045)     (2.2%)
06/01/04       23,397    24,393   (  996)     (2.0%)

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
05/11/04        7,009     7,640   (  631)   ( 4.3%)
05/18/04        9,098     6,591    2,507     16.0%
05/25/04        9,623     6,614    3,009     18.5%
06/01/04        9,000     6,021    2,979     19.8%

Most bearish reading of the year: (12,106) -  3/09/04
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
---------------------------------

Defense, Wireless, Auto parts and more

Given Imaging Ltd - GIVN - close: 30.88 change: -0.65

WHAT TO WATCH: The string of lower highs and failure at technical
resistance at the 21-dma suddenly has GIVN looking vulnerable to
more selling.  Its P&F chart looks very bearish with a price
target of $19.00.  Short-term technicals like the RSI and
stochastics are negative too.  We might consider a trigger under
$30.00 with a short-term target of $27.50 and a longer-term
target of $25.00 and/or its 200-dma.




---

Raytheon Co - RTN - close: 34.36 change: +0.26

WHAT TO WATCH: The defense sector has been out performing the
markets for weeks with a streak of new highs.  Defense contractor
RTN is enjoying the ride.  RTN has announced a string of huge
multi-million contracts with the government and investors have
bid shares up three weeks in a row.  The rally late this past
week has pushed RTN through significant resistance at $34.00.  It
has also produced a new double-top breakout buy signal on its P&F
chart, which currently points to a $50 price target.  RTN could
definitely be a stock to watch.




---

Sierra Wireless - SWIR - close: 33.83 change: +2.62

WHAT TO WATCH: SWIR is on fire.  Its stock price is soaring over
the last month and a good chunk of those gains all came in the
last four days.  Volume has been strong to.  The breakout over
$30.00 and its 40, 50, and 100-dma's looks great but now SWIR is
looking overbought and due for a pull back.  Evidently rumors
have been circulating that SWIR could be a takeover target and
the float is pretty small at just 15 million shares.  We'd be
very careful here considering new plays but a pull back and
bounce from $30.00 might look good.




---

Delphi Corp - DPH - close: 10.80 change: +0.14

WHAT TO WATCH: We're constantly hearing talk about China and
lately it's been China's hunger for cars.  DPH is getting in on
the act too.  On Thursday DPH announced that its consolidated
sales for its China unit soared 50% in 2003 over the previous
year.  Investors have been hungry for DPH the past month and
pushed the stock from $9.60 to $10.80, breaking out over
resistance at $10.75.  We'd watch for a dip to $10.50 and
consider a long position with a tight stop.





-----------------------------------
RADAR SCREEN - more stocks to watch
-----------------------------------

STK $28.09 +0.41 - We're still watching STK.  The breakout over
its longer-term descending trendline has turned into a bull flag
consolidation.  We'd consider longs over $28.50.

FLML $24.89 -0.40 - Keep an eye on this one for a breakdown below
$23.00 or $22.50.

IGI $36.09 -0.06 - The recent breakdown under its 200-dma
coincides with the new MACD sell signal.  We might consider
bearish plays with a push through support at $35.50.

FLSH $15.31 -0.46 - Flash memory stocks have fallen out of favor
and Thursday's drop produced a new MACD sell signal with volume
very strong on the recent sell-off.  Its P&F chart points to $12.


=================================================================
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) 2001-2004  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.





PremierInvestor.net Newsletter          Weekend Edition 06-13-2004
                                                    section 2 of 3
Copyright (c) 2004, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================

In section two:

Tech Stocks
  New Bullish Plays:     TTEC
  New Bearish Plays:     SNDK
  Bearish Play Updates:  ISIL
  Closed Bullish Plays:  NXTP
  Closed Bearish Plays:  JNPR

Active Trader (Non-tech)
  Bullish Play Updates:  SBUX
  Bearish Play Updates:  CEC
  Closed Bullish Plays:  AAI, JBLU, IGT
  Closed Bearish Plays:  ENZN

High Risk/Reward
  New Bullish Plays:     MACE
  New Bearish Plays:     NPSP
  Bearish Play Updates:  RMBS


Stock Splits
  Announcements:         LPMA


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

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

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

TeleTech Holdings - TTEC - close: 8.03 change: -0.11 stop: 7.49

Company Description:
TeleTech is a global leader of integrated customer solutions
designed to help clients acquire, grow, and retain profitable
relationships with their customers. TeleTech strengthens customer
relationships for its clients by providing a combination of
technologies, processes, and professional services. Headquartered
in Denver, Colo., TeleTech's worldwide capabilities are supported
by more than 33,000 professionals in North America, Latin
America, Asia-Pacific, and Europe.
(source: company press release)

Why We Like It:
TTEC is a small company and doesn't get a lot of news but that
hasn't stopped investors from bidding up shares the last six
weeks.  What news TTEC has put out was a positive announcement
that business was so good in S. Korea that they've expanded to a
second call center there.  We're impressed with its recent
breakout over resistance at the $8.00 mark and its 100 and 200-
dma's.  Volume was decent on Wednesday's breakout over the $8.00
level.  The rally higher was especially noteworthy given the
market was trading lower on Wednesday.   TTEC's point-and-figure
chart is bullish but volatile.  The P&F price target is currently
$29.  That's a bit too pie-in-the-sky for us.  We're going to try
and patiently target a run toward $9.75-$10.00.  We'll start the
play with a stop loss at $7.49.

Annotated Chart:



Picked on June 13 at $ 8.03
Gain since picked:   + 0.00
Earnings Date      05/05/04 (confirmed)
Average Daily Volume:   441 thousand




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

SanDisk Corp - SNDK - close: 21.33 change: -0.37 stop: 23.26

Company Description:
SanDisk, the world's largest supplier of flash memory data
storage card products, designs, manufactures and markets
industry-standard, solid-state data, digital imaging and audio
storage products using its patented, high density flash memory
and controller technology. SanDisk is based in Sunnyvale, CA.
(source: company press release)

Why We Like It:
Investors have not been happy with flash-memory related stocks
lately.  For months there have been concerns over pricing
concerns due to a potential glut.  These worries have only been
compounded by new competition in the space.  These factors look
very evident in SNDK's chart.  After breaking down through
support at $25.00 in late April SNDK spent the next six weeks
consolidating sideways under $25 as resistance.  Now shares are
breaking down again under support at $22.00.  Its MACD indicator
has produced a new sell signal and its P&F chart looks very
bearish.  The P&F vertical count points to a $10.00 price target
for SNDK.  There is a possibility that the $20.00 mark might
offer some round-number psychological support but we're not
expecting it to last very long.  We'll start the play here with a
stop loss at $23.26.  Our target is the $18.00-17.00 range.

FYI: If for some reason you're not interested SNDK check out
rival flash memory maker FLSH (currently $15.31). Shares of FLSH
recently broke down as well and its P&F chart is bearish with a
price target of $12.00.

Annotated Chart:




Picked on June 13 at $21.33
Gain since picked:   - 0.00
Earnings Date      04/14/04 (confirmed)
Average Daily Volume:   7.4 million




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

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

Intersil Corp. - ISIL - cls: 20.42 chng: +0.02 stop: 21.55

Despite a lack of follow-through, last week was clearly a victory
for the bulls after they held onto the bulk of Monday's gains.
In light of the strength in many areas of the market, our ISIL
play actually behaved itself fairly well.  After pushing up near
the $20.80 level on Monday, it was encouraging to see the stock
stall below the 50-dma (currently $20.97) and then start to tip
over on Thursday and Friday.  While the potential for a major
drop is still there, we're a bit cautious about recommending
breakdown entries due to the way in which the stock bounced back
from the breakdown under $20.  The better entry strategy is still
to target rollovers near resistance, either at the 50-dma or the
upper boundary of the descending channel near $21.25.  Monitor
the action in the Semiconductor index (SOX.X) for signs of
renewed weakness in the sector and maintain stops at $21.55, just
over the recent high.

Picked on June 2nd at       $20.65
Change since picked          +0.27
Earnings Date              4/21/04 (unconfirmed)
Average Daily Volume =    2.30 mln





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


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

Nextel Partners - NXTP - cls: 15.65 chng: -0.15 stop: 15.25

After once again being rejected below the $16.50 level, it is
clearly time to pull the plug on NXTL.  The stock broke out over
resistance just as we expected last month, but has really had a
difficult time building on that breakout.  The sharp drop back
under $16 following the first breakout over that level put us on
alert, and the fact that the stock has fallen sharply again from
the second test of that resistance is not a good sign.
Compounding the problem for the bulls is the fact that NXTP broke
below the lows of the prior week on Friday and it seems a
reasonable conclusion that a near-term top is in and the stock is
now headed for a test of stronger support somewhere below.  Our
stop is still tucked under the 20-dma ($15.49), but it seems
likely that it will get clipped early next week.  Rather than
wait around, we're suggesting a pre-emptive exit and any rebound
early next week should be viewed as a gift of an exit point.

Picked on May 9th at        $15.38
Change since picked          +0.27
Earnings Date              4/28/04 (confirmed)
Average Daily Volume =    2.43 mln






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

Juniper Networks - JNPR - close: 20.80 change: +0.35 stop: 22.05

Despite an encouraging start to our JNPR play with the breakdown
under the 200-dma, since then, the play has really been a
disappointment.  Rather than the bears pressing their advantage,
they've allowed the stock to come back and consolidate between
$20-22 for nearly a month now.  While the downtrend is still in
place, with the loss of downward momentum, we've grown weary of
waiting for JNPR to break from this consolidation range.  A drop
back near the $20 level will provide a slightly better exit
point, but we're going to list the play as dropped this weekend.
Aggressive traders willing to wait for a directional break should
make sure and keep a hard stop in place just over $22.

Picked on May 12th at       $20.92
Change since picked          -0.12
Earnings Date              4/21/04 (confirmed)
Average Daily Volume =    12.9 mln





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

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

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

Starbucks Corp. - SBUX - cls: 42.61 chng: -0.14 stop: 41.00

Monday's broad market rally helped to vault shares of SBUX
through resistance near $41.75 and the party didn't end until the
stock was trading solidly over the $43 level.  With a lack of
bullish action in the market for the remainder of the week, SBUX
simply consolidated just below its recent highs on declining
volume.  There's nothing in the price action to suggest that the
rally is over yet and that means dips near support should provide
continuation entry points.  With broken resistance near $41.75
and the 10-dma at $41.66, that area looks like a viable point to
look for pullback entries.  Recall that our upside target is for
a move to $45, so we aren't advocating breakout entries.  There
just isn't enough additional upside to justify entries above last
week's highs.  Maintain stops at $41.

Picked on May 26th at       $39.67
Change since picked          +2.94
Earnings Date              7/21/04 (unconfirmed)
Average Daily Volume =    2.91 mln





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

CEC Entertainment - CEC - cls: 30.58 chg: +0.05 stop: 31.26

Wow!  Shares of CEC look frozen in time.  The stock has not
strayed from its trading range between $30.25 and $31.25.  If
anything the trading range has narrowed to $30.40 to $30.95.  You
know what that means.  Odds are growing we'll see a breakout
soon.  The only challenge is there is no guarantee which way CEC
will breakout.  Fortunately, its P&F chart remains bearish with a
$25.00 price target.  Given all the talk lately about the high
cost of cheese and dairy products and how it's impacting pizza-
makers' bottom lines you'd think CEC would show more weakness.
We are going to stick to our strategy and remain on the sidelines
until CEC trades at or below our TRIGGER to go short at $29.95.
If we are triggered our initial stop loss will be $31.26.

Annotated Chart:



Picked on June X at $xx.xx <-- See TRIGGER
Gain since picked:  - 0.00
Earnings Date     04/14/04 (confirmed)
Average Daily Volume:  338 thousand




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


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

AirTran Holdings - AAI - close: 13.71 change: -0.76 stop: 13.40

Starting the week with a renewed bullish move that took the stock
within pennies of the $15 level, it certainly looked like we had
caught a runner with our breakout play on AAI.  Thursday's
pullback was certainly no cause for concern, but Friday's drop is
another matter altogether.  The stock plunged more than 5% on
heavy volume and actually closed just under the 200-dma ($13.74).
With daily oscillators giving fresh Sell signals by Friday's
close and the intraday low a mere 13-cents over our stop, it
looks like this bullish play is broken.  Take advantage of any
oversold bounce on Monday to provide a more favorable exit.

Picked on May 26th at       $13.87
Change since picked          -0.16
Earnings Date              4/27/04 (confirmed)
Average Daily Volume =    1.45 mln




---

JetBlue Airways - JBLU - close: 27.10 change: -0.91 stop: 26.50

So much for our expected breakout in shares of JBLU.  After
stalling just under the $30 level, the stock fell back towards
the $28 level and spent most of last week testing that area as
support.  But Friday's session broke that pattern, with the stock
plunging through support and coming within a dime of our stop
before rebounding slightly into the close.  With JBLU closing
under the 50-dma ($27.24), which should have been support, odds
of that breakout occurring are slim indeed.  We'll take our
medicine this weekend and drop coverage on JBLU.  Any open
positions should be closed on Monday.

Picked on June 2nd at       $29.42
Change since picked          -2.32
Earnings Date              4/22/04 (confirmed)
Average Daily Volume =    2.10 mln




---

Intl Game Tech. - IGT - close: 37.94 chg: -1.57 stop: 38.50

Now that is perplexing.  IGT dropped strongly on Thursday (-3.97%)
but there was no clearly defined catalyst for the move.  Two days
ago, Tuesday morning before opening bell, rival slot machine maker
Alliance Gaming (AGI) issued a profit warning.  That kind of news
could have sunk shares of IGT but it didn't.  IGT held strong on
the belief that it was a company specific problem (with AGI) and
that IGT was probably stealing market share.  The bearish action in
IGT on Wednesday made sense because the market was down and brokers
were downgrading AGI (which can produce sympathy moves in industry-
mates like IGT). Thursday's decline we can't explain but we do note
the stronger than average volume.  Our stop loss was $38.50, which
would have stopped us out around 10:30 Thursday morning.  Bulls may
do well to step back.  IGT looks weak and will probably test its
200-dma as support.

Picked on May 25 at $40.05
Gain since picked:  - 2.11
Earnings Date     04/22/04 (confirmed)
Average Daily Volume:  3.3 million




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

Enzon Pharma. - ENZN - close: 12.71 change: +0.08 stop: 12.91

Well it's about time!  After weeks of waiting we finally got the
breakdown we've been looking for.  Biotech stocks have been huge
under performers this week as investors "sell the news" during
the ASCO conference in New Orleans.  The selling culminated in a
big drop on Wednesday in the BTK biotech index and ENZN under
performed with a large drop of its own.  ENZN's breakdown under
$13.00 and its simple 200-dma came on big volume and Wednesday
night's newsletter suggested traders take profits.  We lowered
our stop loss to $12.91 to protect a large chunk of the move.
Coincidentally the high today was $12.90, so we're not stopped
out, and it does suggest ENZN may have more weakness ahead of it.
We did note that the drop this week pierced its P&F chart support
and lowered its P&F target to $8.50.  We're choosing to close
ENZN now because it's time for some new blood but readers may
still want to keep active positions open and just monitor their
stops tightly.

Picked on May 19 at $13.95
Gain since picked:  - 1.24
Earnings Date     05/06/04 (confirmed)
Average Daily Volume:  727 thousand




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

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

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

Mace Security - MACE - close: 6.05 change: 0.41 stop: 4.90

Company Description:
Mace Security International, Inc. operates in two business
segments, the Car Care segment, which includes car care and truck
wash services, and the Security Products segment, which produces
for retail sale consumer safety and personal defense products, as
well as electronic surveillance and monitoring products.  The
company's car care operations are principally located in Texas,
Arizona, Florida, Pennsylvania, New Jersey, Delaware, Indiana and
Ohio.  The Car Care segment generates most of the Company's
revenue and profit.

Why we like it:
Although the bulk of the company's profits come from its Car Care
segment, that didn't stop momentum investors from sending the
stock soaring back in April, when Security-related stocks were
all the rage.  With nothing of substance behind that moon-shot
rally, those stocks came crashing back to earth, just as fast as
they went up.  MACE has been interesting to watch because it
didn't come back all the way to where it started.  Instead, after
one brief violation of the 50-dma (now at $5.00) the stock has
been working its way higher in a series of higher highs and
higher lows above that average.  The PnF chart is rather
encouraging as well, with the late-May push over the $6 level
creating a Buy signal, with an upside target of $11.  While that
may be a bit aggressive for a near-term move, we can certainly
see the potential for a breakout move to take the stock up to the
$8 level and quite possibly make a run at $10.

With a strong bullish configuration on the PnF chart, we don't
need to use a trigger for the play.  Conservative entries can be
taken on a pullback towards the $5.25 level, which is shaping up
as strong support.  Those willing to buy a breakout can use a
move over $6.60 as their trigger, but before doing so, should
take note of the way the stock pulled back after the late-May
breakout.  We want to pick a technically significant stop, and
that means using $4.90, just under both the 50-dma and the June
3rd intraday low of $4.90.  That's a pretty wide stop on such a
cheap stock, but we're going to justify it with an upside target
of $8.00, with potential for a move into the $9-10 area.  It
should be clear that this is a higher risk play and that should
be taken into account both in the decision to participate and in
considering how large a position to take.

Annotated Chart of MACE:



Picked on June 13th at       $6.05
Change since picked          +0.00
Earnings Date                  N/A
Average Daily Volume =    4.48 mln




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

NPS Pharm. - NPSP - close: 20.68 change: -1.18 stop: 22.75

Company Description:
NPS Pharmaceuticals, Inc. is a biopharmaceutical company focused
on discovering, developing and commercializing small molecule
drugs and recombinant proteins.  Its product candidates, which
are in various stages of clinical and preclinical development,
are primarily for the treatment of bone and mineral disorders,
gastrointestinal disorders and central nervous system disorders.
One of its product candidates, cinacalcet HCl, is an orally
active, small molecule compound for the treatment of
hyperparathyroidism.  Cinacalcet HCl is the subject of a new drug
application that has been filed with the United Stated Food and
Drug Administration and the European Agency for the Evaluation of
Medicinal Products.  NPS also completed a pivotal Phase III
clinical trial with another product candidate, PREOS, a
recombinant, full-length parathyroid hormone that it is
developing for the treatment of osteoporosis.  Additional product
candidates, teduglutide and isovaleramide, are in Phase II
clinical trials.

Why we like it:
Shares of NPSP really did an about face last week, with the
breakout attempt through the $23 level being shoved down the
bulls' throats the very next day.  We could chalk it up as simply
a failed rally attempt if it weren't for the major breakdown that
occurred on Thursday, with support just over $21 being soundly
smashed.  While last week's gyrations didn't really have much
impact on the PnF chart, we can see from that view of NPSP's
price action that the supply/demand picture is VERY bearish.
Currently on a Sell signal, the stock is working with a $15
bearish price objective and with very little in the way of
support between here and there, it could very well be achieved.
The stock has been stepping its way lower since the beginning of
the year, with each rally attempt becoming more feeble, leading
to each successive selloff driving price to fresh recent lows.

After Thursday's major breakdown, there's no need to use a
trigger for this play.  Aggressive traders can enter on a break
below the $20.50 level, while more conservative players will want
to enter on a failed rebound below the $21.50-22.00 area, which
should now be solid overhead resistance.  Ignoring the surge to
just below $24 and resulting price plunge, we can make a solid
case for placing our stop at $22.75, as it rests above some solid
resistance, as well as the 30-dma ($22.59).  There may be some
mild support found near $20, but realistically, we don't expect
to see any meaningful support until the $18 level is reached.
That should generate an oversold bounce, and would make a good
point to harvest some gains on the play.  But based on the
weakness in NPSP so far this year, we want to go for the gusto
and target major support near $16.

Annotated Chart of NPSP:



Picked on June 13th at      $20.68
Change since picked          +0.00
Earnings Date              5/06/04 (confirmed)
Average Daily Volume =    1.12 mln



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

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

Rambus Inc - RMBS - close: 17.11 chg: -0.28 stop: 19.01

RMBS has continued to under perform the markets and its peers all
week.  When the SOX produced a big rally on Monday shares of RMBS
barely budged.  When the NASDAQ ticked higher again on Tuesday,
again RMBS barely moved.  Now shares are sinking again and we
feel comfortable with its lack of relative strength.  Noteworthy
is its MACD indicator that is very close to producing a new sell
signal.  Its P&F chart continues to look very bearish as it
extends the new sell signal.  Our initial target remains the
$15.00 level but its P&F chart projects a much lower target.  No
change to our stop loss.

Annotated Chart:



Picked on June 6 at $17.68
Gain since picked:  - 0.57
Earnings Date     04/14/04 (confirmed)
Average Daily Volume:  1.7 million




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

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

LPMA to pay a 2-for-1 stock split

After Thursday's closing bell Lipman Electronic Engineering Ltd.
(NASDAQ:LPMA) announced that its Board of Directors had approved a
2-for-1 stock split to be paid in the form of a stock dividend.

The dividend is payable on July 1st, 2004 to shareholders on
record as of June 22nd.  LPMA will begin trading post-split on
July 2nd.


About the company:
Lipman is a leading worldwide provider of electronic payment
systems. Lipman develops, manufactures and markets a variety of
handheld, wireless and landline POS terminals, electronic cash
registers, retail ATM units, PIN pads and smart card readers, all
under the NURIT. brand name. In addition, Lipman develops
technologically advanced software platforms that offer
comprehensive and customized transaction processing solutions for
its customers. (source: company press release)


=================================================================
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) 2001-2004  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.






PremierInvestor.net Newsletter          Weekend Edition 06-13-2004
                                                    section 3 of 3
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 three:

Market Watch for Week of June 13th, 2004
   - Major Earnings
   - Stock Splits
   - Economic Reports

Trading Ideas
  Value Plays With Bullish Signals
  Breakout to Upside (Stocks $5 to $20)
  Breakout to Upside (Stocks over $20)
  Breakout to Downside (Stocks over $20)
  Recently Overbought With Bearish Signals (Stocks over $20)


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

==========================================
Market Watch for the week of June 13th
==========================================

-----------------
Earnings Calendar
-----------------

Symbol  Co               Date           Comment      EPS Est

------------------------- MONDAY -------------------------------

AHO    Koninklijke Ahold NV  Mon, Jun 14  -----N/A-----        N/A
ZQK    Quiksilver            Mon, Jun 14  After the Bell      0.46
URS    URS Corp.             Mon, Jun 14  After the Bell      0.50


------------------------- TUESDAY ------------------------------

CC     Circuit City Stores   Tue, Jun 15  Before the Bell    -0.07
FDS    FactSet Research Sys  Tue, Jun 15  Before the Bell     0.43
LEH    LEHMAN BROS HLDGS INC Tue, Jun 15  Before the Bell     1.90
LEN    Lennar Corporation    Tue, Jun 15  After the Bell      1.16
ORCL   Oracle                Tue, Jun 15  After the Bell      0.18
PIR    Pier 1 Imports, Inc.  Tue, Jun 15  Before the Bell     0.13


------------------------ WEDNESDAY -----------------------------

BSC    Bear Stearns          Wed, Jun 16  Before the Bell     2.23
BBY    Best Buy Co., Inc.    Wed, Jun 16  Before the Bell     0.33
JBL    Jabil                 Wed, Jun 16  After the Bell      0.26
JWa    John Wiley & Sons     Wed, Jun 16  Before the Bell     0.13
KBH    KB Home               Wed, Jun 16  After the Bell      2.09
MBT    Mobile Telesystems    Wed, Jun 16  07:00 am ET          N/A


------------------------- THUSDAY -----------------------------

ADBE   Adobe Systems         Thu, Jun 17  After the Bell      0.42
KMX    CarMax, Inc           Thu, Jun 17  -----N/A-----       0.31
CLC    CLARCOR Inc.          Thu, Jun 17  -----N/A-----       0.56
SJM    J. M. Smucker Company Thu, Jun 17  Before the Bell     0.52
RHAT   Red Hat, Inc.         Thu, Jun 17  -----N/A-----       0.04
SLR    Solectron             Thu, Jun 17  After the Bell      0.00
TIBX   TIBCO Software        Thu, Jun 17  After the Bell      0.05


------------------------- FRIDAY -------------------------------

None


----------------------------------------------
Upcoming Stock Splits In The Next Two Weeks...
----------------------------------------------

Symbol  Co Name              Ratio    Payable     Executable

FELE    Franklin Electric Co      2:1      Jun  15th   Jun  16th
NARA    Nara Bancorp, Inc         2:1      Jun  15th   Jun  16th
IRM     Iron Mountain Inc         3:2      Jun  15th   Jun  16th
HSY     Hershey Foods Corp        2:1      Jun  15th   Jun  16th
APPB    Applebees Internatl Inc   3:2      Jun  15th   Jun  16th
RIMM    Research In Motion Ltd    2:1      Jun  17th   Jun  18th
PG      Procter & Gamble          2:1      Jun  18th   Jun  21st
CACH    Cache Inc                 3:2      Jun  18th   Jun  21st
WGR     Western Gas Resources, Inc2:1      Jun  18th   Jun  21st
EWBC    East West Bancorp Inc     2:1      Jun  20th   Jun  21st
NOC     Northrop Grumman Corp     2:1      Jun  21st   Jun  22nd
WCN     Waste Connections Inc     3:2      Jun  24th   Jun  25th



--------------------------
Economic Reports This Week
--------------------------

Wall Street is quickly approaching the quarter's end and that means
earnings season is around the corner.  It also means we need to
watch out for earnings warnings.  There are a lot of fed governors
speaking this week even so investors will be focused on the June 30th
FOMC interest rate decision and the Iraq handover.

==============================================================
                       -For-

----------------
Monday, 06/14/04
----------------
Trade Balance (BB)         Apr  Forecast: -$45.0B  Previous:  -$46.0B
Retail Sales (BB)          May  Forecast:    1.0%  Previous:    -0.5%
Retail Sales ex-auto (BB)  May  Forecast:    0.4%  Previous:    -0.1%


-----------------
Tuesday, 06/15/04
-----------------
Business Inventories (BB)  Apr  Forecast:    0.5%  Previous:     0.7%
CPI (BB)                   May  Forecast:    0.4%  Previous:     0.2%
Core CPI (BB)              May  Forecast:    0.2%  Previous:     0.3%
NY Empire State Index (BB) Jun  Forecast:    28.5  Previous:     30.2
Mich Sentiment-Prel. (DM)  Jun  Forecast:    91.0  Previous:     90.2
Fed governor Minehan speaks at fiscal policy conference
Fed Chairman Greenspan before his Senate nomination hearing.


-------------------
Wednesday, 06/16/04
-------------------
Housing Starts (BB)        May  Forecast:   1950K  Previous:    1969K
Building Permits (BB)      May  Forecast:   1965K  Previous:    2006K
Industrial Production (DM) May  Forecast:    0.6%  Previous:     0.8%
Capacity Utilization (DM)  May  Forecast:   77.3%  Previous:    76.9%
Fed's Beige Book (DM)
Fed governor Guynn speaks on economy
Fed governor Broaddus speaks on economy

------------------
Thursday, 06/17/04
------------------
Initial Claims (BB)      06/12  Forecast:     N/A  Previous:     352K
Leading Indicators (DM)    May  Forecast:    0.4%  Previous:     0.1%
Philadelphia Fed (BB)      Jun  Forecast:    25.0  Previous:     23.8
SEMI Book-to-Bill Report
Fed governor Moskow speaks on economic outlook

----------------
Friday, 06/18/04
----------------
Current Account (BB)       Q1   Forecast:-$139.6B  Previous: -$127.5B


! PPI NOTE:  The Bureau of Labor Statistics has delayed the May PPI
report until no sooner than next Wednesday but it could be delayed
even longer.  They will announce its release one day in advance.

PPI (NA) DELAYED           May  Forecast:    0.6%  Previous:     0.7%
Core PPI (NA) DELAYED      May  Forecast:    0.2%  Previous:     0.2%


Definitions:
DM=  During the Market
BB=  Before the Bell
AB=  After the Bell
NA=  Not Available


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

IBM     Internat Business Mach     90.46    +0.37
UTX     United Technologies        88.26    +0.41
PRU     Prudential Financial Inc   45.21    +0.08
VFC     Vf Corp                    47.80    +0.74
APCC    American Power Convrsn     18.53    +0.50


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

None


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

GDT     Guidant Corp               56.01    +0.68
HSY     Hershey Foods Corp         91.50    -0.37
S       Sears Roebuck & Co         40.31    +0.26
MGG     MGM Mirage Inc             47.60    +0.08
ELAB    Eon Labs Inc               40.44    +0.43


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

TRB     Tribune Co                 46.90    -0.02
RHAT    Red Hat Inc                25.66    -0.24
BRL     Barr Laboratories Inc      36.49    -0.88
NIHD    NII Holdings Inc           33.86    +0.43
WEBX    Webex Communications       20.75    -0.53


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

FO      Fortune Brands Inc         73.75    -0.45
IPXL    Impax Laboratories         20.17    -0.18



=================================================================
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) 2001-2004  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.





DISCLAIMER

Option Investor Inc is neither a registered Investment Advisor nor a Broker/Dealer. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All opinions, analyses and information included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we do not necessarily update such opinions, analysis or information. Owners, employees and writers may have long or short positions in the securities that are discussed.

Readers are urged to consult with their own independent financial advisors with respect to any investment. All information contained in this report and website should be independently verified.

To ensure you continue to receive email from Option Investor please add "support@optioninvestor.com"

Option Investor Inc
PO Box 630350
Littleton, CO 80163

E-Mail Format Newsletter Archives