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PremierInvestor.net Newsletter               Wednesday 08-25-2004
                                                   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: Little Reaction
Watch List:  Internets to Banking and more!

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


===============================================================
MARKET WRAP  (view in courier font for table alignment)
===============================================================
      08-25-2004           High     Low     Volume   Adv/Dcl
DJIA    10181.74 + 83.11 10199.21 10068.11 1.46 bln 1969/ 867
NASDAQ   1860.72 + 23.83  1861.79  1830.30 1.28 bln 2020/ 966
S&P 100   539.57 +  4.59   540.35   533.75   Totals 3989/1863
S&P 500  1104.96 +  8.77  1106.29  1093.24
SOX       384.28 +  4.01   386.62   374.67
RUS 2000  550.14 +  5.13   550.16   542.13
DJ TRANS 3114.00 + 11.83  3117.56  3082.06
VIX        14.98 -  0.35    15.76    14.81
VXO (VIX-O)14.63 -  0.58    15.73    14.42
VXN        21.41 -  0.56    22.57    21.27
Total Volume 2,768M
Total UpVol  2,174M
Total DnVol    544M
Total Adv  3989
Total Dcl  1863
52wk Highs  138
52wk Lows    65
TRIN       0.50
PUT/CALL   0.78
===============================================================

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

Little Reaction
Linda Piazza

Last night, two planes taking off from the same airport in Moscow
crashed within minutes of each other, killing all of the almost
90 people on board the two aircraft.  One pilot pressed a hidden
hijack alert before the plane disappeared from radar, but as
Wednesday dawned, investigators still withheld opinions about the
likelihood that the crashes were a result of an act of terrorism. 
Some feel terrorists acting ahead of this weekend's presidential
elections in Chechnya could be responsible.  Perhaps because the
terrorism might have been due to those elections, U.S. futures,
as well as Asian and European markets, showed little reaction.

Crude prices crept up, too, with many expecting the morning's
inventory numbers to show a decline.  Crude prices had dropped
for several days as Iraq increased oil flow from the southern
fields and drew closer to exporting oil from the northern fields,
too.  A strike against a pipeline in southern Iraq reduced
supplies again and heightened concerns that terrorism could
disrupt oil production and delivery.  ECB President Trichet
reassured market watchers that although he's remaining vigilant,
rising oil prices won't cause the ECB to change its forecast for
economic recovery.  This came after announcements over the last
week from French and Japanese economic ministers that quantified
how much of an effect gains in crude prices might have on their
countries' GDP growth if crude prices continued to increase. 
Still, although European markets eased off their highs, our
futures appeared to have little reaction.

Nor did our futures react to Wednesday's earliest economic
release.  This morning's economic releases started with the MBA
Refinancing Index at 7:00, with the previous number showing a
20.9 percent increase.  The Refinance Index fell 8.0 percent for
the week ending August 20, with refinancing activity falling to a
40.4 percent share of total mortgage activity from the previous
40.7 percent share.  The Market Composite Index of mortgage loan
applications fell 6.3 percent if seasonal adjustments were
considered and 7.3 percent if those adjustments were not
considered.  According to the Mortgage Bankers Association, the
average interest rate for a 30-year fixed-rate mortgage increased
to 5.78 percent from the previous week's 5.75 percent.  

Homebuilders have so far shown little reaction to the Fed's
beginning tightening cycle.  This morning, Toll Brothers (TOL)
reported better-than-expected Q3 earnings, with sales of luxury
homes reportedly responsible for the good showing.  The company
expected deliveries and average home price to rise in fiscal
2005, with net income growth of 30 percent or more during that
year.  Though many spoke of a bubble in the housing market late
last year, the behavior of stocks in the sector has continued to
confound those who expected a steeper drop.  TOL did show a
little reaction Wednesday, however, climbing to a high not seen
since April 1 before tumbling lower after the 10:00 release of
further economic numbers related to the housing industry. 

At 10:00, July's New Homes Sales showed those sales dropping to
1.134 million from June's 1.326 million new homes. Expectations
had been for 1.300-1.320 million sales, so the decline was
greater than expected.  Sales of single-family homes dropped 6.4
percent, also a disappointing number.  By the end of the day, the
DJUSHB, the Dow Jones U.S. Home Construction Index, had dropped
1.01 percent, one of the few declining sectors.  The index's
rejection of its H&S formation on its weekly chart may be in
question unless the index can push higher this week, building on
recent gains.

Annotated Daily Chart of the DJUSHB:

 

The 8:30 release of the Durable Goods number for July also
provoked a little reaction.  June's Durable Goods orders had
risen 0.9 percent, and with predictions for July's for a 1.0-1.5
percent increase, depending on the source.  The 1.7 percent
increase was termed better than expected, but some also called
the increase unsustainable since most gains were related to
orders for new civilian aircraft.  Boeing (BA) was one of the
companies reporting those higher orders, with the company
delivering 75 commercial airplanes in the second quarter and
recently reaching tentative deals with two dozen customers.  

Orders for computers, defense goods and autos dipped, however. 
Ex-transportation, durable orders rose only 0.1 percent.  Still,
June's number for durables less transportation had been down 0.4
percent, and the 0.1 percent rise was the first monthly increase
since March.  Shipments of durable goods rose 0.1 percent, with
this figure providing a look at current production.  Unfilled
orders rose 1.2 percent, with this number providing a measure of
future production.  Inventories rose 0.8 percent.  After the
release of the durable goods numbers, S&P futures dropped from a
7:20 high of 1,100 down to a 10:10 low of 1092.75. 

After that little reaction, markets coiled into tight ranges, and
not even the usually market-moving releases on crude, distillate
and gasoline inventories broke them out of those coils.  Crude
inventories had been forecast to fall, and they did.  The API,
the American Petroleum Institute, said that crude inventories
fell by 3.4 million barrels, with the earlier release by the
Department of Energy noting a smaller 1.7 million-barrel decline. 
Although the API and Energy Department figures displayed their
usual disparity, both were greater than the maximum drop
expected, pegged at around 1 million barrels according to one
article.  The API noted that distillate inventories fell 633
thousand barrels, but gasoline stocks rose by 1.5 million
barrels.  The Department of Energy had tagged those numbers at a
500 thousand barrel climb for distillate inventories and a flat
number for gasoline inventories.  Some market watchers commented
on the higher gasoline inventories noted by API, saying that at
least was a relief.  

Still markets coiled, showing little reaction to the news. The
advancing:declining ratios showed the lack of direction.  Except
for a short period near the release of the crude, distillate and
gasoline inventories, advancing and declining issues remained
equally matched.  At about noon, however, as crude dropped below
Tuesday's low, markets did show a little reaction, breaking out
of those coiling formations to the upside and shooting higher. 
Crude futures had spiked above $45.50 early Wednesday, but had
been drifting down from that level as the morning progressed. 
The buying appeared to be broad-based as all main industry groups
moved into positive territory.  Advancers pulled ahead of
decliners on both exchanges.  

A dip in crude costs shouldn't be given all the credit for that
little reaction.  A study of intraday charts points out that the
SOX had been gaining since its gap-lower opening and first five-
minute dip, preparing the way for a breakout.  At five minutes
after noon, just a few minutes after crude prices dipped below
Tuesday's high, the SOX broke above Tuesday's high, signaling an
upside breakout.  

Annotated Five-minute Chart of the SOX:

 

Other indices participated in that little reaction in the 
afternoon, as did most sectors of the markets.  The XAU, the gold
and silver index, and the XBD, the Securities Broker Dealer
Index, appeared to the sectors showing the biggest gains. Volume
remained suspect, however.  In last night's Wrap, Jane Fox
pointed out the importance of volume corroborating gains.  That's
not happening now.  While that little reaction this afternoon
produced breakouts on the indices, some charts display reasons
for caution other than volume considerations.

Annotated Daily Chart of the SPX:

 

The SPX nears the level from which it should turn back if it's to 
form another shoulder for a possible inverse H&S formation.  It's
also approaching the converging 100- and 200-sma's.  Many
oscillators show potential price/oscillator bearish divergence,
but that can be undone if price moves higher than the August 2
high of 1108.60.  A rollover beneath those converging 100- and
200-sma's would present a good opportunity for a bearish position
while a breakout above them would suggest a bullish one.  If
entering bearish plays on a rollover, make plans to protect
profits in the right-shoulder area, in case the index rolls up
again toward the neckline.

The Russell 2000 has also approached the appropriate spot for a
horizontal neckline for a potential inverse H&S.  

Annotated Daily Chart of the Russell 2000:

 

This chart displays the same tentative bearish price/oscillator
divergence, but bearish divergence that can be erased if the
Russell 2000 moves above the 7/30 high of 552.14 before
oscillators turn lower.  With the importance of the 50-dma to the
Russell 2000's trading pattern, a breakout above that horizontal
resistance would not be confirmed until a breakout above the 50-
dma, too.  Any participating in a long Russell play on any such
breakout should have profit-protecting plans in mind for an
approach to the 100- and 200-sma's at 562.15 and 564.67,
respectively.  As mentioned in this weekend's Wrap, the breakout
above the rectangular pattern formed in the middle of August
appeared to be the best bet for long positions for the Russell
2000, as new entries since then have always faced resistance that
looked important and might turn it lower.  Rollovers from below
the 50-dma would be appropriate for bearish entries, with plans
made to protect profit in the right-shoulder area. 

Although the Nasdaq also faces horizontal resistance, it has not
yet approached either the 50-dma or the appropriate spot for a
horizontal neckline for a possible inverse H&S.

Annotated Daily Chart of the Nasdaq:

 

A breakout above May's swing low at 1865.40 might make an 
appropriate long entry, but SOX and Russell 2000 strength should
be confirmed first before such an entry is considered.  Light
volume days already make these breakouts suspect, so all other
ducks should be in a row before such entries.  Entries at
rollovers from beneath the 50-dma and 1900 resistance, if
offered, might make appropriate bearish entries, but profit-
protecting plans should be made as the right-shoulder level is
approached again.  

The Dow also approaches horizontal resistance, as well as
resistance from several important moving averages, an appropriate
level for a horizontal neckline for a potential inverse H&S.

Annotated Daily Chart of the Dow (Using DJX as Proxy):

 

The Dow, Russell 2000, and Dow all approach horizontal and other 
forms of resistance.  Daily charts show possible bearish 
divergence developing, but divergence that can be erased by the
simple act of price climbing higher before oscillators roll down.
Yet the form the indices have been producing appears to be
possible inverse H&S's, which would require the formation of
another shoulder before completion, warning that there might be
another dip to come even if indices are to breakout eventually. 
On weekly charts, these indices appear to be following through on
the morning-star reversal signals produced last week, but this
week isn't over yet, and one indicator index we watch hasn't yet
achieved a breakout.

Annotated Daily Chart of the SOX:

 

A careful look at a SOX 60-minute chart shows an inverse H&S-ish
formation on that chart, too, apparently nearer to confirmation
than that of other indices, but the formation appears so ragged
that a neckline is difficult to define.  A breakout above
Monday's high of 394.58 might mark the neckline while others
might prefer to wait for a breakout above 400 to consider the
formation confirmed.  That 50 percent retracement of the SOX's
rally off the October 2002 low appears to be a sticky place that
the SOX has difficulty moving past, however.  After hours, 
semiconductor company Credence Systems (CMOS) reported earnings
that sent the stock lower on disappointment in the revenue figure
and the outlook for Q4 sales and earnings.  That report won't
help the SOX get past that sticking point.

In other after-hours stock developments, Cyberonics (CYBX) was
falling after the medical device maker commented on its plans
after receiving a not-approvable letter from the FDA over an
anti-depression drug.  The company raised guidance for the Q2,
saying that it expected a narrower loss than previously
announced.

In last weekend's Wrap, I speculated that some of crude's recent
abrupt ascent could have been tied to short-covering as last
Friday's expiration of the futures for September delivery
approached. Shorts who had hoped for a resolution to the
situation in Iraq were trapped when a resolution dragged on past
Friday's expiration. I had reasoned that if that had been a
factor, crude futures might ease this week, allowing equities to
rise.  Whether that speculation turned out to be true or all the
other reasons attributed to crude's descent this week, such as
the renewed flow in Iraq, are responsible, the dip in crude
prices eased some pressure.  Wednesday, crude futures for October
delivery dropped from Tuesday's closing level of $45.21
(according to QCharts) to Wednesday's close at $43.47, a
significant drop on top of three previous days of drops.  Crude
could continue dropping, down to the $41.25-42.00 support or even
lower, to the 30-dma, currently at $37.34 but still rising
steeply toward the $39-41 region.  

In the meantime, how much damage has crude's rise done to our
GDP?  Fear of that GDP number may begin to assert itself
tomorrow, with the number to be released Friday morning.  Japan's
and the eurozone's GDP disappointed.  Our markets react as if
they expect an upside surprise, moving up in preparation for
breakouts above horizontal resistance and important moving
averages, but those light-volume climbs remain suspect ahead of
the GDP.  If you want to bet along with those who expect an
upside surprise or at least not a disastrous number, be aware of
the risks.  Sitting out the day ahead of the GDP number might not
be a bad idea.

Thursday morning's economic releases will include the usual 8:30
release of initial jobless claims, with those jobless claims at
331 thousand last week and with expectations for 335 thousand for
the current week.  July's Help-Wanted Index comes next, at 10:00,
with that index at 38 for June. Expectations are for a flat to
slightly higher number for July, at 38-39.  Natural gas
inventories will be released at 10:30.  Other events for Thursday
include mid-quarter updates from GDT and NVLS, but it will be 
developments in crude and anticipation over the GDP that control
markets tomorrow.  


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

InterActiveCorp - IACI - close: 24.23 change: +0.45

WHAT TO WATCH: Internet empire IACI has quietly been rebounding 
from its gap down in August.  Now the stock has broken through 
round-number price resistance at $24.00 and its simple 21-dma.  
This looks like an aggressive entry point for bullish positions.  
Traders can try and capture IACI's attempt to "fill the gap" with 
the top of the gap at $27.00.  However, everyone else may have 
the same idea so we suggest exiting at $26.00-26.50.  We want to 
emphasize this is an aggressive strategy.  The P&F chart is very 
bearish.




---

MedImmune - MEDI - close: 23.70 change: +0.57

WHAT TO WATCH: We've had MEDI on the watch list before but the 
stock can't seem to breakout of its trading range.  Shares of 
MEDI have been stuck in a $22-26 trading range since February but 
the range narrowed to $22-24 in the last two months.  Now 
overhead resistance at $24 has gotten even tougher because of its 
simple 200-dma.  Naturally a breakout here would be very bullish.  
Yes, there is still resistance at $26.00 but we might be willing 
to speculate if it breaks out over the 200-dma. 




---

Overland Storage - OVRL - close: 12.62 change: +0.62

WHAT TO WATCH: Something has lit a fire under shares of OVRL.  
The oversold bounce has turned into a full-fledged rally and now 
the stock is breaking out over major technical resistance at its 
21, 40 and 50-dma's on top of round-number resistance at $12.00.  
This looks like a major turning point for OVRL but be careful 
here.  There is still plenty of overhead resistance left to 
conquer.  A move over $13.50 would produce a new P&F buy signal. 




---

JP Morgan Chase Co - JPM - close: 39.44 change: +0.85

WHAT TO WATCH: Financial stocks have been on the move and JPM has 
broken through multiple levels of resistance in the last several 
days.  Today's 2.2% rally puts JPM above resistance at the $39.00 
mark with better than average volume.  Readers might want to 
watch this one for a bounce from $39.00 or a breakout over 
$40.00.  The bullish P&F chart points to a $69 target.  We'd be 
more practical and target a run to $43.00-43.50.





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

IGT $28.85 -0.35 - We could see IGT on the play list soon.  The 
stock continues to weaken and there was no participation in 
today's market rally.

AUO $13.25 +0.68 - AUO may have put in a bottom at the $11.00 
mark over the previous four weeks.  Today's rally over $13.00 
might be worth another look. 


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

Value Plays With Bullish Signals
---------------------------------
Ticker  Company Name               Close     Change

SI      Siemens Aktien             68.60     +1.00
HBC     HSBC Holdings              77.31     +1.13
AIG     American Intl Group        71.10     +0.69
JPM     JP Morgan                  39.44     +0.85
MWD     Morgan Stanley             50.98     +1.15
DB      Deutsche Bank              69.04     +0.81

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

DNDN    Dendreon Corp              10.52     +1.32
JUPM    JupiterMedia               16.41     +1.12
ABAX    Abaxis Inc                 15.93     +1.68

---------------------------------------
Breakout to Upside (Stocks over $20)
---------------------------------------
  
BA      Boeing Co                  52.50     +1.59
TXT     Textron Inc                65.32     +1.07
BNK     Banknorth Group            34.88     +3.18
ADSK    Autodesk Inc               44.02     +1.64
PIXR    Pixar                      75.19     +1.36
WSM     Williams Sonoma            34.64     +3.14
WBS     Webster Financial          49.98     +2.58

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

HRB     H&R Block                  48.45     -2.78
TSG     Sabre Holding              22.43     -1.84
CNX     Consol Energy              30.34     -2.95
FFH     Fairfax Financial         128.70     -3.71
BTH     Blyth Inc                  30.05     -3.43
NDSN    Nordson                    34.09     -4.49
YCC     Yankee Candle Co           27.65     -1.35

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

HUG     Hughes Supply              58.21     -3.49
QSII    Quality Systems Inc        48.86     -2.94
GIL     Gildan Activewear          28.04     -0.34


==========================================================
To stop receiving this PremierInvestor.net Newsletter,
send email to Contact Support
=================================================================
DISCLAIMER
=================================================================

This newsletter is a publication dedicated to the education
of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding trading in stocks. It
is possible at this or some subsequent date, the editors and
staff of PremierInvestor.net may own, buy or sell securities
presented. All investors should consult a qualified professional
before trading in any security. The information provided has
been obtained from sources deemed reliable but is not
guaranteed as to accuracy or completeness. PremierInvestor.net
staff makes every effort to provide timely information to its
subscribers but cannot guarantee specific delivery times due to
factors beyond our control.

Please read our disclaimer at:
http://www.optioninvestor.com/page/oin/aboutus/disclaimer.html

*****************************************************************
ADVERTISING INFORMATION

For more information on advertising in PremierInvestor.net
Newsletter, or any Premier Investor Network newsletter please
contact Contact Support.

*****************************************************************


Copyright 2004  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.







PremierInvestor.net Newsletter               Wednesday 08-25-2004
                                                   section 2 of 2
Copyright (c) 2004, All rights reserved.
Redistribution in any form is strictly prohibited.

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

In section two:

Stop Loss Adjustments:  TKLC, NYB, SBUX

Net Bulls (Tech Stocks)
  New Bullish plays:    AAPL

Stock Splits
  Announcements:       NPBC


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

TKLC - tech stock long -
  Raise stop from $16.99 to $17.49
  
NYB - non-tech long -
  Raise stop loss from $19.49 to $19.79
 
SBUX - non-tech long -
  Heads up!  After the closing bell SBUX announced that 
  same-store sales rose 8 percent in August.  This is below
  analysts' estimates for a 10 percent rise and shares of SBUX
  were trading down toward the $44.00 level in after hours.
  We are going to leave our stop at $42.75 for now and see
  if shares can bounce.




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

---------
New Plays
---------


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

Apple Computer - AAPL - close: 33.05 change: +1.10 stop: 30.00

Company Description:
Apple ignited the personal computer revolution in the 1970s with 
the Apple II and reinvented the personal computer in the 1980s 
with the Macintosh. Apple is widely recognized for its innovative 
and award-winning Mac desktop and notebook computers, OS X 
operating system, and iLife digital lifestyle and professional 
applications. Apple is also leading the digital music revolution 
with its market-leading iPod line of portable music players and 
iTunes online music store.  (source: company press release)

Why We Like It:
If you've been reading the PremierInvestor.net Watch Lists then 
you already know we've had our eye on AAPL for a while.  
Yesterday we suggested that a breakout over $32 would be a 
bullish entry point so we've decided to take our own advice 
(hypothetically of course).  We are very impressed with AAPL's 
relative strength in the face of adversity.  This week news came 
out that MSFT would be launching a competing downloadable music 
service very soon.  Plus, there was news that one analyst cut 
their Q4 estimates for AAPL's earnings.  Neither story has 
affected shares and the long-term trend continues to rise.  
You'll notice on the chart below that AAPL has been rising along 
support and just now broke through the six-week trend of lower 
highs.  Today's breakout was fueled with volume about 30 percent 
above average.  That's good news for the bulls and it looks like 
the start of something more.  There is some resistance at $34.00 
but we believe AAPL can make new relative highs soon.  Our 
initial stop may be a little wide at $30.00.  Feel free to 
tighten yours to suit your needs.  Readers can choose to initiate 
new plays at current levels or hope for a dip back towards 
$32.00.

Annotated Chart:

 

Picked on August 25 at $33.05 
Gain since picked:     + 0.00
Earnings Date        07/14/04 (confirmed)
Average Daily Volume:     6.8 million 





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

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

NPBC announces 5-for-4 stock split

This afternoon before the market's closing bell National Penn 
Bancshares, Inc. (NASDAQ:NPBC) announced that its Board of 
Directors had approved a 5-for-4 stock split.

The split will be paid on September 30th, 2004 to shareholders on 
record as of September 10th.


About the company:
National Penn Bancshares, Inc. is a $4.2 billion bank holding 
company operating 73 community offices in southeastern 
Pennsylvania through National Penn Bank and its FirstService, 
HomeTowne Heritage, and The Peoples Bank of Oxford Divisions. The 
Peoples Bank of Oxford Division also operates one community office 
in Cecil County, Maryland. Trust and investment management 
services are provided through Investors Trust Company and 
FirstService Capital; brokerage services are provided through Penn 
Securities, Inc.; mortgage banking activities are provided through 
National Penn Mortgage Company; insurance services are provided 
through FirstService Insurance Agency, Inc.; and equipment leasing 
services are provided through National Penn Leasing Company.
(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) 2004  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.








DISCLAIMER

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