PremierInvestor.net Newsletter Tuesday 12-28-2004 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: Back From The Brink Watch List: Trains, Games and Apparel Market Sentiment: Santa Claus, January Effect or Window Dressing ================================================================= MARKET WRAP (view in courier font for table alignment) ================================================================= 12-28-2004 High Low Volume Adv/Dcl DJIA 10854.54 + 78.40 10859.04 10773.92 1.25 bln 2327/ 919 NASDAQ 2177.19 + 23.00 2177.19 2156.53 1.61 bln 2285/ 921 S&P 100 577.16 + 3.30 577.77 573.81 Totals 4612/1840 S&P 500 1213.54 + 8.62 1213.54 1204.92 SOX 426.75 + 3.70 427.48 421.51 RUS 2000 654.57 + 10.23 654.60 644.34 DJ TRANS 3811.62 + 57.40 3811.62 3753.96 VIX 12.00 - 0.14 12.40 11.97 VXO (VIX-O)12.31 + 0.15 12.47 12.12 VXN 17.79 - 0.54 18.51 17.74 Total Volume 3,039M Total UpVol 2,095M Total DnVol 877M Total Adv 5183 Total Dcl 2208 52wk Highs 545 52wk Lows 34 TRIN 0.65 NAZTRIN 1.42 PUT/CALL 0.69 ================================================================= =========== Market Wrap =========== Back From The Brink by Jim Brown The earthquake depression that weighed on the market on Monday appeared to lift today with the market returning to the recent highs. The Monday dip had pushed the indexes back to support and right on the brink of a potential trend change. Strong Consumer Confidence and strong Retail Sales helped to bring traders back to trade but volume was still light. That volume will decline even further we near the end of the week and the year. Dow Chart Nasdaq Chart SPX Chart The holiday finished strong for retailers with a closing spurt of buying for a +2.7% gain over the prior week. According to ICSC-UBS, the people that prepare the weekly numbers, year over year growth surged +4.3% and the best gain since June. This was the third consecutive week of strong gains after a weak post Thanksgiving period. It appears the majority of buyers waited for the discounts to increase before releasing their grip on their cash. Higher gas prices could have weighed on consumers with gas up an average of 30 cents a gallon over the same period last year. The biggest boost to the market was a jump in Consumer Confidence to 102.3 and well over the estimates of 94.0 and November's number of 92.6. Today's 102.3 was a five month high with gains in all components. The Present Situation rose to 105.9 from 96.3 and Expectations rose to 99.9 from 90.2. Those planning to buy homes, autos and major appliances also saw a strong bounce. Falling energy prices and a rising stock market helped produce the lift. A positive outlook on jobs also contributed to the gains. We will get the December Jobs report on January 7th and analysts are expecting more job gains. The Consumer Confidence helped provide a boost to the market on a slow news day but it failed to produce any decent volume. This week is not known for strong volume but more of just a constant upward bias. With positive news all around it appears that trend could continue for at least the rest of the week. Let the tape painting continue. SIRI fell back to earth today after Banc America raised its price target to $5.25 from $3.68 per share. This caused some sharp selling since SIRI was trading at $8.10 at Monday's close. 110 million shares were traded today. XMSR was also upgraded by Banc America with a price target of $44, up from $37. XMSR was trading just under $40 when the upgrade hit the street but fell to $38.86 at the close. Valuation concerns were the culprit after negative comments were made about SIRI. Both announced strong subscriber gains for 2004 with XMSR up to 3.1 million subscribers after starting 2004 with only 1.3 million. SIRI jumped from 260,000 to one million over the same period. Amazon completed two amazing days of gains with a +10% jump from $39 to $44.62 after multiple upgrades and positive comments about sales patterns this holiday season. Bear Stearns upgraded AMZN to outperform on the belief that they are poised to benefit from the next wave of e-commerce. BSC raised their price target to $55 and upped their earnings estimate +3 cents to 44 cents for the current quarter. Amazon is expected to have sold $2.5 billion in merchandise during the fourth quarter. Amazon also said it had its highest volume day ever during December and was selling items at the rate of 32 per second. They said their watch shop has been selling more than a watch a minute since Nov-25th and its music store sold more than one million units a week for two straight weeks. As strong as Amazon may be it is a distant second to EBAY. Previous Internet darlings AMZN, YHOO, VRSN as well as many other high flyers in 2000 are just a shadow of their former stock prices. EBAY however has more than tripled in the last five years and still climbing. EBAY is the only Internet stock that has created its own self sustaining support base. Hundreds of thousands of sellers now make a living on EBAY working out of their homes. Companies use EBAY to sell excess inventory and offer their core wares to a broader audience. EBAY recently said China, a strong growth market for them, would eventually surpass America as its biggest revenue producer. Europe has also turned into a strong performer. EBAY gained +3.30 today on the Amazon news and it is only $2 below its all time high. The weekend earthquake shook our markets on Monday as some traders locked in profits while they waited to see if there would be any economic impact on the U.S. Once the news was fully digested the Nikkei rose to a five month high and that led a market rebound that followed the sun westward. Traders holding their breath after Monday's market swoon finally exhaled as the long awaited Santa Claus rally finally appeared. The Dow rose to close at 10856 and completely erased Monday's loss. This is the third consecutive day the Dow has tested resistance at 10850 and today's move suggests there is a breakout ahead. Today's close was another new multi-year closing high and only 11 points away from its intraday highs for the year at 10867. Intel was the only Dow component that finished in the red. Caterpillar was the leader with a +2.37 gain and a breakout to another new high. There was speculation that CAT could benefit from the tsunami rebuilding effort. The Nasdaq surpassed the Dow by posting a strong gain and surging to a new 3.5 year high and a close at the high of the day at 2175. This is a very strong move considering Intel was negative on the day and the SOX is still clinging to 425 with no hint of breaking that grip. The Nasdaq gained support from biotechs and from the Russell. The Russell fell off the planet on Monday dropping from a new all time high of 651.72 at the open to 642.84 on the morning dip. Today the Russell rebounded even stronger than before to close at another new all time high at 654.35, well over Monday's pre drop high. This gain was sparked by three strong buy programs and suggested funds were already putting end of year money to work or maybe just repainting the tape after Monday's drop. The SPX also rose to a new closing high at 1213 but it is facing some serious overhead resistance at this level. If the SOX suddenly found buyers, which it may any day now, I believe the techs in the SPX would push it well over this resistance very quickly. Another factor holding the SPX back is the energy component which accounts for 8% of the S&P. Energy stocks have softened as we wait for the Wednesday crude oil inventories. Crude has found support at $42 and has held at this level for nearly all of December. Wednesday's inventory numbers are expected to show a drop in inventory levels due to higher consumption from colder weather. I have not heard of any material oil disruptions from the earthquake region but those would not impact inventory in the U.S. for weeks to come. If there was any drop in production related to the disaster the speculators should have already picked up on it and prices have not budged. For the rest of the week we can expect low volume and a potential upward bias. The year-end positions have already been established and funds will be holding their breath hoping the current levels hold for the next three days. There will likely be some tape painting as we near Friday's close but once those performance bonuses are locked in and the calendar expires it could produce a rocky week ahead. Funds with huge profits in some high flyers could elect to take those profits once the calendar year changes. The worry for traders is the potential for some institutions to exit in front of this event. Offsetting the potential for profit taking should be the very strong cash flows into retirement funds over the next two weeks. It could develop into a question of who blinks first the bears or the bulls. The next big flurry of economic reports begins on Friday with the NAPM-NY, PMI and the Help Wanted Index. Monday has the ISM and kicks off a week of heavy reporting. All of these things should be overshadowed by the cash influx but we need to keep our eye on the potential potholes ahead. Until the trend changes we should remain long but with increasing caution. Watch the volume and the advance/decline line for clues to the real market strength. Buy the dips until the trend changes. Jim Brown Editor ================================================================== 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 --------------------------------- Norfolk Southern - NSC - close: 36.38 change: +0.63 WHAT TO WATCH: Momentum traders may want to take another look at NSC. The stock is inching to new five-year highs again as it paces the strength in the Dow Transports index. The MACD has produced a new buy signal. If you choose to go long be mindful of where you put your stop loss and be patient. NSC doesn't climb very quickly. --- Gamestop Corp - GME - close: 22.25 change: +0.93 WHAT TO WATCH: The five-week consolidation in GME may be over. shares added 4.3 percent to breakout over resistance at $22.00 on Tuesday. Technicals are positive and its MACD has produced a new buy signal. Traders can probably use today's action as an entry point with at target of $23.00 or $23.50. --- Stage Stores - STGS - close: 42.03 change: +1.74 WHAT TO WATCH: STGS turned in a very solid 4.3 percent rally on decent volume to out perform the RLX retail index. Technicals are turning positive and its MACD has produced a new buy signal. STGS is currently testing resistance at the $42 level. Watch for a breakout and consider using it as an entry point. The P&F chart looks pretty bullish with a $61 target. ----------------------------------- RADAR SCREEN - more stocks to watch ----------------------------------- ELBO $41.83 +1.73 - ELBO is video game retailer that is nearing resistance at new highs at the $42.00 level. CMP $24.14 +0.81 - CMP has been a consistent winner over the last several months (granted October was tough) and shares look ready to begin a new leg higher. =============================== Market Sentiment =============================== Santa Claus, January Effect or Window Dressing - J. Brown Once again strong consumer confidence numbers help spur stocks higher. Of course we're in the middle of arguably one of the most bullish weeks of the year. One could easily claim that today's gains were due to the seasonal Santa Claus rally, the January effect or just plain old window dressing by fund managers. Like most on Wall Street we expect the next few days to remain bullish but there are clouds on the horizon. The volatility indices remain in bearish reversal territory. The P&F chart bullish percent numbers remain overbought in bearish reversal territory. The ARMS index or TRIN moving averages all took a turn for the worse with the 5-dma and 10-dma reaching overbought/bearish reversal territory. Plus, to add to the various technical readings the latest COT data calls for caution ahead. The commercial traders or "smart money" has turned more bearish on the S&P 500 e-minis and the Industrials. Meanwhile we've seen a dramatic reversal in the NDX futures with commercials suddenly turning bearish and small traders becoming net bullish. ----------------------------------------------------------------- Market Averages DJIA ($INDU) 52-week High: 10868 52-week Low : 9708 Current : 10854 Moving Averages: (Simple) 10-dma: 10741 50-dma: 10401 200-dma: 10250 S&P 500 ($SPX) 52-week High: 1213 52-week Low : 1060 Current : 1213 Moving Averages: (Simple) 10-dma: 1204 50-dma: 1168 200-dma: 1127 Nasdaq-100 ($NDX) 52-week High: 1635 52-week Low : 1301 Current : 1624 Moving Averages: (Simple) 10-dma: 1611 50-dma: 1552 200-dma: 1456 ----------------------------------------------------------------- CBOE Market Volatility Index (VIX) = 12.00 -0.14 CBOE Mkt Volatility old VIX (VXO) = 12.31 +0.15 Nasdaq Volatility Index (VXN) = 17.79 -0.54 ----------------------------------------------------------------- Put/Call Ratio Call Volume Put Volume Total 0.69 561,745 387,881 Equity Only 0.48 472,655 227,347 OEX 1.82 10,595 19,280 QQQQ 1.29 23,622 30,501 ----------------------------------------------------------------- Bullish Percent Data Current Change Status NYSE 76.8 + 0.2 Bear Correction NASDAQ-100 80.0 + 2 Bull Confirmed Dow Indust. 73.3 + 0 Bull Confirmed S&P 500 78.2 + 0.2 Bull Confirmed S&P 100 78.0 + 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: 0.64 10-dma: 0.86 21-dma: 0.96 55-dma: 1.01 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 2135 2209 Decliners 693 839 New Highs 237 158 New Lows 16 8 Up Volume 961M 987M Down Vol. 233M 568M Total Vol. 1225M 1574M M = millions ----------------------------------------------------------------- Commitments Of Traders Report: 12/21/04 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 growing more bearish while small traders are naturally moving the other direction and growing more bullish. Commercials Long Short Net % Of OI 11/30/04 462,394 491,813 (29,419) (3.0%) 12/07/04 450,072 498,057 (47,985) (5.0%) 12/14/04 502,471 540,494 (38,023) (3.6%) 12/21/04 455,238 502,538 (47,300) (4.9%) 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 11/30/04 176,031 148,876 27,155 8.3% 12/07/04 187,707 135,776 51,931 16.0% 12/14/04 201,428 164,111 37,371 10.2% 12/21/04 157,015 106,205 50,810 19.2% Most bearish reading of the year: (1,657)- 5/27/03 Most bullish reading of the year: 114,510 - 3/26/02 E-MINI S&P 500 There has been a dramatic reduction in open positions for both longs and shorts for both the commercial traders and small traders. The net result has produced an increase in bearishness for professionals and an increase in bullishness for small traders. Commercials Long Short Net % Of OI 11/30/04 439,074 855,440 (416,366) (32.2%) 12/07/04 470,553 805,234 (334,681) (26.2%) 12/14/04 556,980 899,616 (342,636) (23.5%) 12/21/04 279,694 554,818 (275,124) (32.9%) Most bearish reading of the year: (436,367) - 11/23/04 Most bullish reading of the year: 133,299 - 09/02/03 Small Traders Long Short Net % of OI 11/30/04 386,665 67,926 318,739 70.1% 12/07/04 311,838 66,496 245,342 64.8% 12/14/04 398,915 137,598 261,317 48.7% 12/21/04 227,047 66,140 160,907 54.8% Most bearish reading of the year: (77,385) - 09/02/03 Most bullish reading of the year: 449,310 - 06/10/03 NASDAQ-100 Hmm... we are seeing a dramatic reversal for both commercial and small traders. Commercials have significantly cut their long positions reversing their bullishness into bearishness for the NDX. Small traders have drastically reduced their short positions to flip-flop them from net bearish to net bullish. Commercials Long Short Net % of OI 11/30/04 56,629 30,571 26,058 29.8% 12/07/04 57,621 34,313 23,308 25.4% 12/14/04 73,554 50,286 23,268 18.7% 12/21/04 30,614 45,158 (14,544) (19.1%) Most bearish reading of the year: (21,858) - 08/26/03 Most bullish reading of the year: 26,058 - 11/30/04 Small Traders Long Short Net % of OI 11/23/04 11,153 39,712 (28,559) (56.1%) 11/30/04 9,902 44,779 (34,877) (63.7%) 12/07/04 15,489 49,064 (33,575) (52.0%) 12/14/04 26,781 58,159 (31,378) (36.9%) 12/21/04 20,840 9,109 11,731 39.1% Most bearish reading of the year: (34,877) - 11/30/04 Most bullish reading of the year: 19,088 - 01/21/02 DOW JONES INDUSTRIAL Commercial traders have suddenly become a lot more bearish on the Dow Industrials. Meanwhile small traders have significantly cut their positions on both sides of the trade. Commercials Long Short Net % of OI 11/30/04 22,622 25,411 (2,789) (5.8%) 12/07/04 25,523 27,351 (1,828) (3.4%) 12/14/04 36,960 38,566 (1,606) (2.1%) 12/21/04 24,850 31,920 (7,070) (12.4%) 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 11/30/04 5,739 8,536 (2,797) (19.6%) 12/07/04 5,274 9,507 (4,233) (28.6%) 12/14/04 13,445 19,089 (5,644) (17.3%) 12/21/04 5,637 6,961 (1,324) (10.5%) Most bearish reading of the year: (12,106) - 3/09/04 Most bullish reading of the year: 8,523 - 8/26/03 ================================================================= 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 Tuesday 12-28-2004 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: None Active Trader (Non-tech Stocks) New Bullish plays: PNC, YUM Stock Splits Announcements: None Trading Ideas Value Plays With Bullish Signals Breakout to Upside (Stocks $5 to $20) Breakout to Upside (Stocks over $20) Breakout to Downside (Stocks over $20) Recently Overbought With Bearish Signals (Stocks over $20) ================================================================== Stop Loss Adjustments ================================================================== None ================================================================== Active Trader (AT) Non-Tech Stock section ================================================================== --------- New Plays --------- New Bullish Plays ----------------- PNC Financial - PNC - close: 57.19 chg: +0.68 stop: 54.99 Company Description: The PNC Financial Services Group, Inc. is one of the nation's largest diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services. (source: company press release) Why We Like It: Here we go again! A couple of weeks ago we tried to play PNC for its inverse (bullish) Head & Shoulders pattern. We got filled on a fluke gap higher and then decided to bail when shares struggled under resistance at $56 for several days. Looks like we should have held on. Now PNC has broken through resistance at $56.00, which makes the neckline to the H&S pattern. The pattern points to a $63 target, which is less than the bullish P&F chart that points to a $70 target. We're going to go long at current levels with our eyes on the $62-63 range. The plan is to exit before PNC announces earnings on January 21st. We do expect some resistance at $60.00 so short-term players may want to exit there. Annotated Chart: Picked on December 28 at $57.19 Gain since picked: + 0.00 Earnings Date 01/21/05 (confirmed) Average Daily Volume: 1000 thousand --- YUM Brands! - YUM - close: 47.00 change: +0.69 stop: 45.49 Company Description: Yum! Brands Inc., based in Louisville, Kentucky, is the world's largest restaurant company in terms of system restaurants with more than 33,000 restaurants in more than 100 countries and territories. Four of the company's restaurant brands -- KFC, Pizza Hut, Taco Bell and Long John Silver's -- are the global leaders of the chicken, pizza, Mexican-style food and quick-service seafood categories respectively. Yum! Brands is the worldwide leader in multibranding, which offers consumers more choice and convenience at one restaurant location from a combination of KFC, Taco Bell, Pizza Hut, A&W or Long John Silver's brands. The company and its franchisees today operate over 2,600 multibrand restaurants. Outside the United States in 2003, the Yum! Brands' system opened about three new restaurants each day of the year, making it one of the fastest growing retailers in the world. (source: company press release) Why We Like It: We like YUM as a pure momentum play. The trend has been bullish for a long-time but the current leg is now into its fifth month. Yet shares have actually churned sideways for almost all of December and are just now breaking out to new highs. Stochastics and RSI are turning higher and its MACD is nearing a new buy signal. The P&F chart is very bullish with a $74 target. We will go long at current levels although conservative traders may want to see a new high over $47.20 before initiating positions. Our immediate target is $50 but we suspect that YUM can trade higher. Annotated Chart: Picked on December 28 at $47.00 Gain since picked: + 0.00 Earnings Date 02/09/05 (unconfirmed) Average Daily Volume: 1.2 million ================================================================== Stock Splits ================================================================== Announcements ------------- None ================== Trading Ideas ================== This section contains stocks that meet criteria which may make them of interest to long and short side traders. These are not recommendations, nor have they been reviewed by PremierInvestor editors for investment potential. However, each of them has technical and fundamental characteristics that make them worthy of further review by traders and investors looking for fresh ideas. New stocks will appear daily following the market close. Value Plays With Bullish Signals --------------------------------- Ticker Company Name Close Change HD Home Depot 42.84 +0.61 MO Altria Group 61.58 +0.73 FRE Freddie Mac 72.49 +0.70 MET Metlife 41.01 +0.60 STI SunTrust Banks 74.15 +0.70 CAH Cardinal Health 57.60 +0.77 --------------------------------------- Breakout to Upside (Stocks $5 to $20) --------------------------------------- MUSA Metals USA Inc 19.30 +1.17 OCA OCA Inc 6.70 +1.01 CLRK Color Kinetics 17.55 +1.55 ZOLT Zoltek Companies 13.65 +1.06 LCBM Lifecore Biomedical 11.59 +1.23 MFRI MFRI Inc 11.20 +1.58 --------------------------------------- Breakout to Upside (Stocks over $20) --------------------------------------- TV Grupo Televisa 60.70 +1.59 AMZN Amazon.com 44.63 +2.38 CTSH Cognizant Tech 42.77 +2.25 FDS Factset Research 58.47 +2.28 NNDS NDS Group 34.48 +1.69 UNFI United Natural Foods 31.23 +2.90 IPMT Ipayment 50.29 +6.56 ------------------------------------------- Breakout to Downside (Stocks over $20) ------------------------------------------- ALD Allied Capital 24.46 -1.15 PKZ Petrokazakhstan 32.99 -2.88 UHS Universal Health 44.51 -1.18 ----------------------------------------- Recently Overbought With Bearish Signals (Stocks over $20) ----------------------------------------- XMSR XM Satellite Radio 38.89 -0.84 BKUNA BankUnited Financial 31.97 -0.22 RFGP First Regional Bancorp 54.00 -0.50 ================================================================= 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.
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