PremierInvestor.net Newsletter Tuesday 01-18-2005 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: Two Days Not a Trend Watch List: Bounces and Breakouts. Market Sentiment: Back to Back ================================================================= MARKET WRAP (view in courier font for table alignment) ================================================================= 01-18-2005 High Low Volume Adv/Dcl DJIA 10628.79 + 70.79 10628.94 10500.58 2.01 bln 2212/1057 NASDAQ 2106.04 + 18.10 2106.19 2078.04 2.01 bln 1994/1188 S&P 100 569.53 + 5.09 569.53 562.01 Totals 4206/2245 S&P 500 1195.98 + 11.46 1195.98 1180.10 SOX 406.55 + 3.40 406.99 399.90 RUS 2000 624.87 + 7.39 625.81 615.29 DJ TRANS 3589.22 + 20.06 3594.07 3559.33 VIX 12.47 + 0.04 13.15 12.30 VXO (VIX-O)12.67 - 0.18 13.66 12.56 VXN 18.75 + 0.18 19.74 18.72 Total Volume 4,281M Total UpVol 2,998M Total DnVol 1,128M Total Adv 4817 Total Dcl 2560 52wk Highs 318 52wk Lows 62 TRIN 0.66 NAZTRIN 0.81 PUT/CALL 0.72 ================================================================= =========== Market Wrap =========== Two Days Not a Trend by Jim Brown For the first time in 2005 the S&P has posted back to back gains. Bulls are backslapping each other and high fives are evident everywhere. Has the bull returned to 2005? It is too soon to really tell for sure but traders are now breathing easier as the indexes pull back from the brink once again. Two days does not make a trend but it could be a good start. Dow Chart Nasdaq Chart The day started off with a shock as oil prices soared to $49.50 and the NY Empire State Manufacturing Survey fell back to 20.1 from 27.1 for January. The manufacturing activity dropped sharply in New York state in January and the December number was revised down from 29.9 to 27.1. The NY Survey has been volatile of late with activity jumping very erratically between 14-30 over the last eight months. While the headline number was bad the internal components were worse. New Orders dropped from 36.1 to only 20.1 and Shipments backed off to 26.2 from 35.6. Inventories fell into negative territory at -10.9 and Employment fell to 12.7 from 15.7. This was not a positive report but it has been very volatile. Unless a trend develops to the downside it will likely be just watched carefully as a potentially bearish economic indicator forming and a reason for the Fed to not get to aggressive in future rate hikes. The NAHB Housing Index dropped only slightly to 70 from 71 and the recent cycle high made in December. We have been hovering around 70 since August and this continues to indicate that the housing market remains strong. However all three components did pull back slightly but home buying over the holidays is not normally strong. We are heading into the spring buying season and these numbers should continue to be strong. The downside will be higher rates ahead and higher energy prices taking money out of buyers pockets. We are hearing more about speculative excesses in several major markets and that suggests we are nearing a top but buyers continue to appear. The negative Empire survey and the high oil sent the indexes lower at the open but that dip was short lived. Oil prices had risen on worries the current cold front could last up to two weeks and the weather man has now rescinded that outlook. Funds that had speculated on that event causing further shortages took profits on the new announcement. The high for the day at $49.50 was quickly sold and stops were hit taking the price back to $47.72, nearly -$2 off the high before buyers stepped back into the market. Oil closed at $48.45 and up only slightly for the day. Tomorrow's oil inventory report will cause that volatility to continue. Complicating this short-term play was comments from the IEA that demand could increase +500,000 bpd in Q1. The EIA also said they expected demand to increase and their number was +1.4 mbpd or more. The IEA said supply dropped -50K bpd in December even before OPEC said they would cut production by one million bbls. In reality that cut has only seen a drop of -600K bpd and supplies are already running tight. With the OPEC meeting coming on Jan-30th the expectations for a new cutback in production are slipping. With demand increasing and prices hovering near $50 there is no need for OPEC to support prices any further. Support is already priced into the market with the increased demand. Demand from China spiked again in Nov/Dec and could continue to grow +8% to +13% according to IEA analysis today. There should be a drop in price after the inauguration and the Iraq elections as we enter spring and a period where demand temporarily slows. This should be seen as a buying opportunity for oil stocks when it occurs. The Fed has something in the works and their team of speakers hit the road today and will continue to do so this week. Two Fed heads made comments on the economy today and there are seven more speeches later this week. Philly Fed president, Santomero, said inflation risks were balanced but the Fed needed to remain vigilant as the economy continued to expand. Minnesota Fed president, Stern, said the economy was solid and inflation would remain low. If the rest of the speeches continue this train of thought it could be seen as the Fed giving us the all clear signal that rate hikes were going to pause. Very seldom do they mount a strong speaking campaign with the same thread unless they are trying to warn the bond markets of changes ahead. The next Fed meeting is Feb-1st so the timing is right for a message. The inauguration is only a day away and the $40 million extravaganza is going to be a huge target. Besides the actual event there are dozens of sideshows attracting huge crowds. There will be a parade with over 11,000 people just in the parade itself and is expected to attract several hundred thousand in attendees. There are nine formal balls where the rich and want to be rich will mingle and trade business cards in hopes of future dealings. Each of these poses another chance for potential problems. This could weigh on today's rally as we get closer to Thursday. Earnings are breaking out all over and the majority have been very good. IBM was the biggest name after the close and beat the street by a nickel. IBM earned a profit of over $3 billion for the quarter on sales of more than $27B. This huge cash windfall is due mostly to their services division which ended the quarter with an $111 billion backlog of orders. IBM said it was comfortable with analysts estimates of $5.55 per share for the year and $102 billion in revenue. IBM also said they might beat that revenue target. IBM rose only slightly in after hours trading. Yahoo also reported earnings that beat the street by +2 cents and gave guidance only slightly better than analysts had expected. YHOO jumped less than +$1 on the news. YHOO could see some pullback on Wednesday because traders typically expect a really strong outlook from Yahoo and the slightly better guidance may not hold the stock at these levels. AMD announced earnings that missed estimates by -3 cents but that should come as no surprise after last weeks warning. Better chip news came from Motorola, which beat the street by +3 cents and from Freescale (FSL) the MOT spin off which beat the street by a penny. Juniper beat the street by a penny and succeeded in lifting the networkers in after hours. Seagate Technology (STX) beat by a nickel and guided higher. Not all the earnings news was good. JDSU warned that it would miss street estimates because of a $13 million revenue drop associated with one customer and litigation expenses. KKD said they had ousted their CEO of seven years and hired a turnaround expert to rescue the donut maker from its problems. KKD warned that persistent sales declines in the current quarter may lead to its third quarterly loss for the year. Stephen Cooper, the new guy at the top has 30 years of experience in troubled companies like Enron, Polaroid, TWA, Pegasus Gold and most importantly Boston Chicken. KKD stockholders should be especially aware that BOST shareholders were left out in the cold when it was reorganized. I personally would not want to be a holder with Cooper at the helm. The easiest fix for him is a bankruptcy, close non performing stores and issue new shares to debt holders. He has done it before and as a hatchet man he is not really concerned about being nice and once KKD is back in shape he will move on leaving lots of bodies in his wake. All three of the officers blamed for the KKD problem, CEO, COO and CFO have now departed. As we approach option expiration this Friday the market has put together two days of back to back gains. The S&P closed at 1195 and +20 points off the critical 1175 area we were watching for a breakdown signal last week. With earnings and guidance mostly positive we could continue to see gains although OpEx and the inauguration could now combine to keep us range bound until next week. With the futures barely positive at 7:30 tonight it appears there is some concern already creeping into the market. The earnings were good but the guidance was not good enough for traders to throw caution to the wind and go on a buying spree. There are about 100 companies announcing earnings on Wednesday with EBAY, QLGC, QCOM, SYMC, LU, GM, CIT, COF and CIT leading the list. There has not been any real pre earnings ramp on any of the majors as caution ahead of earnings seems to be the game plan. This is good in the sense that we do not have a lot of expectations built into the market and we remain oversold despite today's bounce. The potential is there for a continued move up next week if the earnings continue to be solid and there are no negative inauguration events. With today's bounce we are in the neutral zone for the Dow. We are just over last weeks congestion range but just under the 10650 resistance and the congestion range from the prior week. This is the nearly perfect place to ride out the rest of the week with a Friday/Monday move over 10650. The Nasdaq is only slightly better off with a close just under the 2010 resistance high for the last two weeks. With positive tech earnings we should continue to press that level and a breakout could setup a new move back to the highs. SOX Chart The SOX stretched its gains for two days now and posted the second consecutive close over 400 and a five day closing high at 406. The 410-resistance level is just above and from the after hours trades in the SMH it appears the positive earnings from MOT/FSL offset the earnings miss by Rambus and there is no bias for the open. The strongest move was by the Russell with a breakout to a two week high at the close at 625. Only the slimmest thread is holding it back from a new move back towards the highs at 660. That would be a big leap of faith and we are far from seeing any confirmation. However, if the Russell is leading the pack it suggests the funds are putting money back to work and maybe the fund flows have finally appeared. For the rest of the week I would be cautiously optimistic ahead of potential event risk and option expiration. We typically see OpEx activity late in the week before and early of OpEx week with the last three days relatively tame. There are probably lots of option hedges in place for the inauguration event risk and Friday could be a major unwind day if nothing happens. While writing this article I was struck with the different world Bush faces over the next four years compared to what he thought he was facing when he took his last oath in Jan 2001. The world as we new it came to an end eight months after his last oath and he is facing an even bigger crisis over the next four years as he attempts to extract the U.S. from Iraq and face the coming energy crisis. Hopefully the war on terror has seen its biggest battle as we continue to mop up the remaining cells still trying to cause trouble. It will never be over but hopefully the lack of funding and the lack of a centralized backbone has weakened the resolve of those Al Qaeda members still in the system. If we get past Thursday without a terror event the country will probably relax even further and we can get back to contemplating the potential for a new bull market. Jim Brown Editor "Men who try something and fail are infinitely better off than those who try nothing and succeed." ================================================================== 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 --------------------------------- NASDAQ-100 Trust - QQQQ - close: 38.72 change: +0.29 WHAT TO WATCH: The rebound in the NASDAQ Composite back over the 2100 level and the bounce in the QQQQ's from the 38 level looks like a new bullish entry point. We would consider longs here with an eye on the recent highs near $40.50. --- Blue Coat Systems - BCSI - close: 21.69 change: +2.60 WHAT TO WATCH: BCSI exploded higher on Tuesday for a 13.6 percent gain on rumors of a deal brewing. The move pushed shares above round-number resistance at $20.00 and technical resistance at its exponential 200-dma. We would watch for a dip back toward the $20 level. The next level of overhead resistance looks like the simple 200-dma near $25. --- Interpublic Group - IPG - close: 13.27 change: +0.42 WHAT TO WATCH: IPG turned in a strong session without any news to account for the 3.2 percent rally. We do see that shares are bouncing from a crowd of moving averages with the 40, 50 and 200- dma's all converging together. Bullish traders may want to consider longs on a breakout above its 50-week moving average at $13.50. --- Corning Inc - GLW - close: 12.23 change: +0.46 WHAT TO WATCH: GLW started the session strong and ended strong with a 3.9 percent rally through resistance at the $12.00 mark. This looks like a bullish entry point for a run toward resistance at $13.00 although at this point we'd prefer to buy a dip back toward $12.00. Earnings are expected on Jan. 25th. ----------------------------------- RADAR SCREEN - more stocks to watch ----------------------------------- ADSK $32.24 +0.56 - ADSK was a huge winner in 2004 and traders might be looking to buy the bounce here from the $30 level. TE $15.69 +0.15 - TE is breaking out over the $15.50 level and technical indicators suggest this is a new bullish entry point. =============================== Market Sentiment =============================== Back to Back - J. Brown The bulls are trying to make a comeback and the S&P 500 index put together its first set of back-to-back gains for 2005. Some of the trader talk today discussed how stocks were short-term oversold after two weeks of profit taking and investors were doing some shopping. Stocks actually opened lower as crude oil gapped higher this morning but equities turned around as oil faded. Market watchers might be surprised that oil did not hold its gains given the new report from the IEA who raised their forecast on global demand for oil in 2005. Plus, oil traders are focused on the upcoming OPEC meeting and how any violence surrounding the Iraqi elections could pressure supplies. The markets also shrugged off some disappointing economic data. The NY Empire State manufacturing index fell from 27.1 in December to 20.1 in January, which was less than expected. Overall the market internals were pretty positive with advancing stocks outnumbering decliners 19 to 9 on the NYSE and 19 to 11 on the NASDAQ. Up volume was about three times down volume on the NYSE and more than double down volume on the NASDAQ. The rally in the financial stocks is very good news overall as some market theorists suggest we can't have a prolonged rally without the banking sector on the up swing. The BIX and BKX indices turned in some impressive gains and the brokers outshined the banks with a 1.8 percent rally in the XBD index. A numbered of positive earnings reports helped set the tone today and the good news kept on coming after the bell. IBM beat estimates. JNPR beat estimates. YHOO beat estimates. Overall the mood seems up beat and stocks should have the wind at their backs tomorrow. ----------------------------------------------------------------- Market Averages DJIA ($INDU) 52-week High: 10868 52-week Low : 9708 Current : 10628 Moving Averages: (Simple) 10-dma: 10594 50-dma: 10591 200-dma: 10280 S&P 500 ($SPX) 52-week High: 1217 52-week Low : 1060 Current : 1195 Moving Averages: (Simple) 10-dma: 1186 50-dma: 1188 200-dma: 1133 Nasdaq-100 ($NDX) 52-week High: 1635 52-week Low : 1301 Current : 1573 Moving Averages: (Simple) 10-dma: 1562 50-dma: 1582 200-dma: 1467 ----------------------------------------------------------------- CBOE Market Volatility Index (VIX) = 12.47 +0.04 CBOE Mkt Volatility old VIX (VXO) = 12.67 -0.18 Nasdaq Volatility Index (VXN) = 18.75 +0.18 ----------------------------------------------------------------- Put/Call Ratio Call Volume Put Volume Total 0.86 1,095,150 946,447 Equity Only 0.67 748,462 503,007 OEX 1.19 39,292 47,001 QQQQ 3.00 29,480 88,686 ----------------------------------------------------------------- Bullish Percent Data Current Change Status NYSE 73.3 + 0 Bear Correction NASDAQ-100 73.0 + 0 Bull Correction*** Dow Indust. 73.3 + 0 Bull Confirmed S&P 500 74.6 + 0 Bull Confirmed S&P 100 76.0 + 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: 0.96 10-dma: 1.15 21-dma: 1.06 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 1936 1929 Decliners 910 1119 New Highs 131 78 New Lows 20 10 Up Volume 1480M 1263M Down Vol. 458M 594M Total Vol. 1968M 1966M M = millions ----------------------------------------------------------------- Commitments Of Traders Report: 01/11/05 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 There was very little movement in the latest data leaving commercials slightly bearish and small traders bullish on the large S&P futures contracts. Commercials Long Short Net % Of OI 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%) 01/11/05 457,383 509,892 (52,509) (5.4%) 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 12/14/04 201,428 164,111 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% 01/11/05 157,131 110,174 46,957 17.5% 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 Commercial traders slightly increased their bullish positions but everything else remained pretty much flat with the new data. Commercials Long Short Net % Of OI 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%) 01/11/05 322,800 622,509 (299,709) (31.7%) 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 12/14/04 398,915 137,598 261,317 48.7% 12/21/04 227,047 66,140 160,907 54.8% 01/04/05 279,274 71,151 208,123 59.4% 01/11/05 277,808 73,288 204,520 58.2% Most bearish reading of the year: (77,385) - 09/02/03 Most bullish reading of the year: 449,310 - 06/10/03 NASDAQ-100 Commercials upped both their longs and shorts for a minor decrease in bearishness. Small traders upped their longs for a bump in bullishness. Commercials Long Short Net % of OI 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%) 01/11/05 31,984 49,244 (17,260) (21.2%) 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 12/14/04 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% 01/11/05 27,186 8,470 18,716 52.4% 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 There isn't much movement in the commercials' positions but small traders significantly reduced their short positions. Commercials Long Short Net % of OI 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%) 01/11/05 25,254 32,568 (7,314) (12.6%) 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 12/14/04 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%) 01/11/05 5,141 5,389 ( 248) ( 2.3%) 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 01-18-2005 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: PDCO, BA, RTN, OSG 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 ================================================================== PDCO - non-tech long - Heads up! PDCO added another 0.66 percent and came very close to hitting our exit range/profit target in the $46-48 range. We suspect that PDCO will hit our target in the next couple of sessions. Readers can prepare to exit. BA - non-tech long - Boeing turned in a strong session adding 1.9 percent despite a day-long media blitz about rival Airbus' launching a new two-deck jumbo jet. This could be a bullish entry point. RTN - non-tech long - RTN scared us this morning with a gap down to $36.38 but traders quickly bought the dip and shares ended the session positive. This could be another bullish entry point. OSG - non-tech long - Uh-oh! Readers need to be careful here. OSG hit our trigger this morning at $55.51 when shares spiked higher. The bad news is that OSG hit 55.74 before quickly reversing as the shipping/oil- tanker industry sank in profit taking. We would not suggest new bullish positions at this time. Wait for the bounce. ================================================================== 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 TOT Total Sa 106.20 +0.52 COP ConocoPhillips 90.12 +1.10 CVX ChevronTexaco 53.09 +0.79 C Citigroup 48.17 +0.66 MO Altria Group 63.96 +0.61 AIG American Intl Group 67.70 +1.56 --------------------------------------- Breakout to Upside (Stocks $5 to $20) --------------------------------------- TIWI Telesystem Intl Wireless 12.69 +1.23 CREAF Creative Technology 16.89 +1.14 FXEN FX Energy 15.98 +1.10 ZOLT Zoltek Companies 18.26 +2.57 --------------------------------------- Breakout to Upside (Stocks over $20) --------------------------------------- WAG Walgreen Co 43.16 +1.53 WYE Wyeth 44.70 +2.42 MON Monsanto Co 57.65 +2.25 CB Chubb Corp 78.48 +1.71 LTR Loews Corp 71.30 +1.90 MAY May Dept Stores 32.21 +4.37 BG Bunge Ltd 57.75 +1.81 ------------------------------------------- Breakout to Downside (Stocks over $20) ------------------------------------------- AL Alcan Inccue Metal 44.40 -2.48 PH Parker Hannifin 66.09 -7.34 GP Georgia-Pacific 33.99 -1.55 ABV Ambev 25.60 -2.00 PETM Petsmart 31.71 -1.53 TGIC Triad Guaranty 55.82 -1.18 JOBS 51Job Inc 28.32 -15.50 ----------------------------------------- Recently Overbought With Bearish Signals (Stocks over $20) ----------------------------------------- SNX Synnex Corp 22.16 -1.57 CRAI Charles River Assoc 42.40 -2.60 BCE BCE Inc 24.19 -0.39 TRP Transcanada Pipelines 24.52 -0.23 ================================================================= 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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