PremierInvestor.net Newsletter Tuesday 01-11-2005 section 1 of 2 Copyright (c) 2005, 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: Intel Beats, UPS Warns Watch List: A Mixed Bag Market Sentiment: Not Looking Good ================================================================= MARKET WRAP (view in courier font for table alignment) ================================================================= 01-11-2005 High Low Volume Adv/Dcl DJIA 10556.22 - 64.80 10619.77 10531.54 1.88 bln 1168/2050 NASDAQ 2079.62 - 17.40 2090.62 2072.62 2.25 bln 947/2151 S&P 100 564.68 - 3.59 568.27 563.49 Totals 3115/4201 S&P 500 1182.99 - 7.26 1190.25 1180.43 SOX 396.19 - 10.10 406.09 393.73 RUS 2000 611.53 - 6.21 617.74 609.91 DJ TRANS 3644.26 - 19.00 3662.90 3639.50 VIX 13.19 - 0.04 13.68 13.05 VXO (VIX-O)13.03 - 0.14 13.92 12.90 VXN 19.67 + 0.06 20.30 19.55 Total Volume 4,413M Total UpVol 1,004M Total DnVol 3,368M Total Adv 2457 Total Dcl 4787 52wk Highs 126 52wk Lows 64 TRIN 1.72 NAZTRIN 1.34 PUT/CALL 0.82 ================================================================= =========== Market Wrap =========== Intel Beats, UPS Warns by Jim Brown Tech holders are breathing a little better tonight after Intel beat street estimates slightly. However, the broader market may focus on dropping package volume at UPS as real evidence the economy is slowing. It is still too early to form any opinions about this earnings cycle from the mix of warnings and guidance but that info is coming soon. Dow Charts Nasdaq Chart SOX Chart The cautiously awaited Intel earnings beat the street by two cents with the highest ever quarterly revenue at $9.6B. Intel projected a slight rise in CapEx spending for Q1 to around $5.1B. Inventory levels had dropped slightly to $2.6B from $3.2B last quarter. They projected slightly lower grow margins around 55% in Q1 as they continue to markdown inventory. Their 2005 margin estimate remains 58% and Intel expects the inventory problem to be reduced over the next several quarters. CEO, Craig Barrett, said they ended the quarter with robust demand across all geographies. Records were set in sales of Microprocessors, Chipsets, Motherboards and WiFi units. There were mixed feelings about the $600 million drop in inventory. Many analysts were hoping for more. This is inventory that in many cases is already 6-12 months old and is becoming more obsolete as each day passes. If Intel could not dump more of it during the Q4 consumer feeding frenzy then they may have to mark down selling prices even more in 2005 or even take a charge to blow it out and get rid of the problem. Intel said the new 64bit Xeon processors had surpassed one million units in the first two quarters of shipments. Intel also announced it was hiring the HP Itanium design team and HP announced it was going to spend $3 billion to drive the development and sales of its Itanium based server systems. Itanium processors now power 83 of the top 500 of the worlds fastest supercomputers with Intel branded processors in 64% of the top 500. The positive Intel earnings came only a day after AMD warned that earnings would be below expectations. The company said that weaker sales of flash memory would cause earnings to be down significantly from the Q3 level of $68.4 million. They claimed that processor sales had continued higher and would be over Q3 levels. AMD did not give a new earnings estimate and analysts had expected a +19 cent profit. On the downside tonight UPS warned after the bell that slower than expected package volume and higher costs would cause it to miss estimates by a dime for Q4. The prior estimate was 85 cents. They said late December shipments dropped significantly more than they previously expected and were only about half the prior rate for the quarter. UPS said that international shipments grew at a double digit rate compared to a +2.5% growth for domestic shipments. The market did not react strongly to the warning with UPS only losing about -$2 in after hours to $81. They maintained their positive outlook for all of 2005 expecting earnings to increase +13% to +17%. All of 2004 UPS grew earnings by +19%. One stock that continues to shock investors is TASR which has finally run out of energy. Problems are now appearing almost daily including SEC investigations, suits by their competitors and now an earnings warning from Taser itself. Taser said it is expecting delays in orders from law enforcement agencies as those agencies test and evaluate products from their competitors. It was also announced that the top insiders sold $105.8 million in stock recently and there were some questionable financial arrangements to insiders. It was disclosed that the company paid $205K in 2004 to lease airplanes from the family that runs the company and entered a 15 year lease to use another plane that is owned by Thomas Smith, the president. In one week in November three family members sold $54 million in stock only days after it was announced the federal government had approved Taser for use on airlines. While all of this dirt being spread by detractors is not illegal activities it does pose questions about the long term prospects if insiders are dumping the stock. With positive news breaking out all over in Q4 the insiders sold stock worth more than 10% of the market cap of the company receiving the equivalent of twice the companies annual sales in proceeds. Those recent buyers who believed the spin were rewarded with a drop from $33 to $14 over the last two weeks of trading. Competitors to Taser claiming to have better products are Stinger Systems (STIY) and Law Enforcement Associates (LENF). LENF claims their guns shoot twice as far and use 1/16th the power making them less dangerous. They have also been around much longer than Taser in the law enforcement community. TASR Chart Economically today was a non-event with Chain Store Sales falling -0.6% but that should be no surprise given the post holiday letdown. The December Richmond Fed Manufacturing Survey rose to zero from a -3 in November. There was no real change in components with shipments and new orders flat. The backlog of orders also returned to nearly flat at -4. The bottom line was no change and no excitement as the year came to a close. Capacity utilization decreased and the only positive was a continued rise in optimism by manufacturers for the next six months. The Richmond district has been lagging the rest of the company in its recovery. The next day for material economic reports is Friday when we get PPI, Industrial Production, Consumer Sentiment and Business Inventories. Oil prices continue to creep higher and closed just shy of $46 today on fears of increasing Iraqi attacks, work stoppages in Nigeria, well problems in the North Sea and the coming OPEC meeting on Jan-30th. $46 has been a new resistance level since Dec-1st but the pressure is building. Traders fear OPEC will ratchet down production again at the coming meeting to offset the potential drop in demand as cold weather ends. During the spring there is less demand for heating oil and the summer gasoline demand has not yet increased. Rumors are that OPEC has decided to support a $45 price now instead of $40. Once addicted to an increasing supply of dollars it is tough to break the habit if you control half the worlds supply of a limited commodity. They have found that the sticker shock has passed and we have become more or less immune to the current $42 bottom. PeopleSoft employees got the bad news today. Oracle said today they would be announcing the first round of layoffs at PSFT as a result of the Oracle takeover. This should come as no shock as rumor has it employees are already leaving in droves on their own accord. The layoff announcement is scheduled for Friday. The SOX was the index of the day with a drop below 400 on the AMD news and in fear that Intel could stumble after the close. The index held 396 all afternoon despite selling in several chip stocks. After Intel's earnings report the chip sector saw a muted bounce but nothing earth shaking. The analysts community had been making positive comments about expectations for Intel for the last week so much of the good news may have been priced into the market. That news was shaken yesterday with the AMD announcement but support at 22.40 on Intel continued to hold. I was going to title this part tonight as "Danger Will Robinson" after the Dow, Nasdaq and S&P all closed at a new low for the year. After hearing the various spins on the Intel earnings as well as Andy Bryant bubbling over with excitement it is possible the market losses are almost over. Those three key indexes are still well above my critical levels I mentioned on Sunday and are still technically bullish despite closing at the lows for the year. The Dow closed just above its 50-day average at 10556 with the S&P closing drop putting it about -2 points under its 50-day at 1185. The Nasdaq is well under the 50 at 2106 and tested support at 2075 today for the second time this year. For tomorrow that 2075 level would be my key. As long as we stay over that level the market could attract buyers. The SOX should rally back over 400 at the open and it MUST hold that level from now on to avoid a tech meltdown. S&P-500 Chart We have already sold off more than I initially expected but as I stated above the charts are still bullish with only a normal correction at this point. Until the Dow moves under 10425 and the Nasdaq 2000 that bullish bias will remain. Obviously that is a lot lower than our current levels and it would require some serious pain to make that trip. With the Intel news tonight and the potential for further retirement cash to flow into the market I would look for SPX 1175 to be the more critical line on the charts. Nasdaq 2075 for techs and S&P 1175 for the broader market. I would not be a dip buyer under 1175. I would wait for the market to come back to us at that level if you are determined to be long. We are reaching a critical turning point in the markets. There needs to be some attempt to rally very soon or the market sentiment will begin to change rapidly. Bulls are beginning to get nervous and bears are getting bolder. It is time for the 2005 bull market to assert itself and make a stand or it is going to be a long year for investors. Jim Brown Editor "One reason it is so hard to save money is that our neighbors are always buying something we can't afford" ================================================================== 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 --------------------------------- Autodesk - ADSK - close: 32.39 change: -1.85 WHAT TO WATCH: ADSK was a huge winner in 2004 and is now seeing some profit taking in January. The breakdown under the 50-dma looks like a short opportunity but ADSK still has some minor support near the $32 level. If shares break the $32 level we might watch for a drop towards the 100-dma near $28. ADSK found support at the 100-dma back in August. --- VeriSign - VRSN - close: 30.44 change: -0.39 WHAT TO WATCH: VRSN broke support at the $30.00 level on Monday but managed a sharp intraday bounce. That bounce failed today at the 50-dma and the stock still looks poised for more weakness, especially considering how extended the stock is from its pre- October levels. Look for the breakdown under $30 and target the 100-dma near $25.50-26.00. --- Quicksilver Resources - KWK - close: 37.40 change: +1.58 WHAT TO WATCH: The relative strength in KWK this week is encouraging. Bulls can take note of the consistent trend of higher lows. We also see the above average volume with today's 4.4 percent gain. Watch for a breakout over $38.00 as a potential entry point to go long. ----------------------------------- RADAR SCREEN - more stocks to watch ----------------------------------- HUM $31.18 +0.53 - We mentioned HUM as a potential bullish play if shares could break the $31 level. The stock did that today in the face of a market pull back. CVS $47.11 +1.10 - The slow, long-term trend higher in CVS looks like a potential investment or a covered-call candidate. Use the $44 level as support. JDSU $2.76 -0.14 - JDSU just lost another 4.8 percent but managed a decent rebound from the $2.61 level intraday. This is a one- year low. Watch to see if traders buy the dip or let it sink under the $2.50 level. SIRI $6.10 -0.52 - The oversold bounce in SIRI is failing and shares are testing the $6.00 mark again. A drop under $6.00 and traders could target a fall toward $5.00 and its 100-dma. =============================== Market Sentiment =============================== Not Looking Good - J. Brown January has already been a tough month for stocks. Unfortunately the first day of fourth quarter earnings season did not go well and it does not bode well for the rest of the month either. The market ended the session in widespread decline with internals heading south once again. Declining stocks outnumbered advancers by 2-to-1 on the NYSE and 21-to-9 on the NASDAQ. Down volume swallowed up volume 7-to-2 on the NYSE and 17-to-5 on the NASDAQ. Dow-component Alcoa (AA) started the procession with an earnings miss and biotech giant Genentech (DNA) followed up with an earnings miss of its own. To make matters worse semiconductor maker AMD issued a fourth quarter earnings warning that sent its stock for a 26 percent loss and pushed the SOX to a 2.4 percent decline. After the closing bell AMD's larger rival Intel (INTC) surprised the street with a better than expected earnings report but it remains to be seen if Intel can jump start a rally amidst all of this negativity. Case in point - after Intel's report came out package courier UPS issued a fourth quarter earnings warning. Investors already had cautious expectations for earnings growth going forward but if the lead-off companies are going to turn in disappointing results what can we expect during the rest of earnings season. Granted the real flood of earnings news doesn't hit until next week but we now have a reason to be spooked. Meanwhile oil continues to be an issue as crude prices creep higher amid supply concerns again and the upcoming Iraqi elections, which is bound to bring about even more violence in that part of the world. ----------------------------------------------------------------- Market Averages DJIA ($INDU) 52-week High: 10868 52-week Low : 9708 Current : 10556 Moving Averages: (Simple) 10-dma: 10677 50-dma: 10556 200-dma: 10276 S&P 500 ($SPX) 52-week High: 1217 52-week Low : 1060 Current : 1183 Moving Averages: (Simple) 10-dma: 1200 50-dma: 1182 200-dma: 1131 Nasdaq-100 ($NDX) 52-week High: 1635 52-week Low : 1301 Current : 1553 Moving Averages: (Simple) 10-dma: 1584 50-dma: 1578 200-dma: 1465 ----------------------------------------------------------------- CBOE Market Volatility Index (VIX) = 13.19 -0.04 CBOE Mkt Volatility old VIX (VXO) = 13.03 -0.14 Nasdaq Volatility Index (VXN) = 19.67 +0.06 ----------------------------------------------------------------- Put/Call Ratio Call Volume Put Volume Total 0.86 866,571 741,247 Equity Only 0.65 710,453 464,212 OEX 0.95 28,807 27,597 QQQQ 1.29 59,201 76,830 ----------------------------------------------------------------- Bullish Percent Data Current Change Status NYSE 73.7 - 0.3 Bear Correction NASDAQ-100 74.0 - 1 Bull Confirmed Dow Indust. 73.3 + 0 Bull Confirmed S&P 500 74.8 - 0.2 Bull Confirmed S&P 100 76.0 + 1 Bull Confirmed Bullish percent measures the number of stocks in an index currently trading on a buy signal on their point and figure chart. Readings above 70 are considered overbought, and readings below 30 are considered oversold. Bull Confirmed - Aggressively long Bull Alert - Cautiously long Bull Correction - Pause or pullback in upward trend Bear Alert - Take defensive action if long Bear Confirmed - High risk if long, good conditions for shorting Bear Correction - Pause or rebound in downtrend ----------------------------------------------------------------- 5-dma: 1.42 10-dma: 1.21 21-dma: 1.05 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 947 922 Decliners 1862 2108 New Highs 47 44 New Lows 21 41 Up Volume 444M 493M Down Vol. 1420M 1745M Total Vol. 1880M 2256M M = millions ----------------------------------------------------------------- Commitments Of Traders Report: 01/04/05 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 Not much change in the large S&P futures contracts. Professionals remain net bearish and small traders remain net bullish. Commercials Long Short Net % Of OI 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%) 01/04/05 456,255 505,042 (48,787) (5.0%) Most bearish reading of the year: (111,956) - 3/06/02 Most bullish reading of the year: 23,977 - 12/09/03 Small Traders Long Short Net % of OI 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% 01/04/05 159,197 111,900 47,297 17.4% Most bearish reading of the year: (1,657)- 5/27/03 Most bullish reading of the year: 114,510 - 3/26/02 E-MINI S&P 500 Commercial traders have increased their bearish bias just as small traders have increased their bullish bias. Commercials Long Short Net % Of OI 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%) 01/04/05 302,339 620,759 (318,420) (34.5%) 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 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% 01/04/05 279,274 71,151 208,123 59.4% 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 turned significantly more bearish on the NDX just as the small traders has turned sharply more bullish. Commercials Long Short Net % of OI 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%) 01/04/05 27,226 44,600 (17,374) (24.1%) 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 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% 01/04/05 22,227 8,293 13,934 45.6% 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 are increasing their bearish bias on the Dow Industrials but small traders have jumped ahead in their bearish attitude for the index. Commercials Long Short Net % of OI 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%) 01/04/05 24,704 32,916 (8,212) (14.2%) 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 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%) 01/04/05 5,166 7,596 (2,430) (19.0%) 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 ) 2005 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter Tuesday 01-11-2005 section 2 of 2 Copyright (c) 2005, 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: VSEA, PDCO, ACI, USB 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 ================================================================== VSEA - tech stock short - $30.16 (-0.51) Heads up! This is a decision time for VSEA traders. The stock is very close to our target at the $30.00 level. Today's 2.4 percent drop in the SOX and negative news from AMD did a lot to help pull VSEA lower. Unfortunately, now INTC turned in a surprisingly bullish earnings report after the bell. Will the SOX continue lower or will semiconductor bears panick on the good INTC news? Readers need to decide now if they want to try and exit near the open or wait out what could be an oversold bounce in VSEA. We are lowering our stop loss to $33.53 or breakeven. If shares hit $30.00 or lower tomorrow we're exiting. PDCO - non-tech long - PDCO continues to tick higher and we're raising our stop loss to $39.99. ACI - non-tech long - Watch out - ACI looks ready to test the $33 level again. USB - non-tech long - This is a crucial test for USB. Shares are nearing round-number support at the $30.00 mark. Readers can look for the bounce but wait for USB to trade back above $30.51 before considering new longs. Right now our concern is the weakness in the BKX and BIX banking indices, which both suggesting more declines ahead. This could make it tougher on any USB rebound. ================================================================== 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 ECA Encana Corp 55.48 +0.96 LEH Lehman Brothers 89.40 +0.56 GDW Golden West Financial 60.87 +0.63 PBI Pitney Bowes Inc 45.17 +0.52 CI Cigna Corp 80.99 +0.96 KBH KB Home 103.90 +0.90 --------------------------------------- Breakout to Upside (Stocks $5 to $20) --------------------------------------- ATVI Acitivision Inc 19.95 +1.29 SCSS Select Comfort 18.96 +1.81 SLNK Spectralink Corp 16.75 +3.13 --------------------------------------- Breakout to Upside (Stocks over $20) --------------------------------------- CVS CVS Corp 47.11 +1.10 ROK Rockwell Automation 51.85 +5.59 AGP Amerigroup 77.90 +2.50 KWK Quicksilver Resources 37.40 +1.58 MOH Molina Healthcare 49.89 +1.66 WLS William Lyon Homes 76.00 +4.55 CYBX Cyberonics 23.41 +1.72 ------------------------------------------- Breakout to Downside (Stocks over $20) ------------------------------------------- DNA Genentech Inc 50.70 -3.73 SAP SAP Ag 41.40 -1.94 AMX America Movil 47.89 -1.01 INFY Infosys Technologies 63.25 -2.15 ADSK Autodesk Inc 32.39 -1.85 GRMN Garmin Ltd 49.26 -2.67 MOGN MGI Pharma 23.95 -2.96 ----------------------------------------- Recently Overbought With Bearish Signals (Stocks over $20) ----------------------------------------- HOT Starwood Hotel 55.56 -1.10 AGE A.G.Edwards 41.65 -1.12 RBK Reebok Intl Ltd 42.49 -1.10 USG USG Corp 36.16 -1.34 ================================================================= 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 (c) 2005 PremierInvestor.net. and The Premier Investor Network. Do not duplicate or redistribute in any form.
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