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The following archived newsletter contains links to news stories that may have been updated since they were published.
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Fiasco Trade of the Day http://www.fiasco.ca
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Friday, November 1, 2002
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Dear Trader and Investor,
Using his proprietary trading system, Thierry Martin has identified a stock which he believes will trade higher within the next few days.
VERIZON COMMUNICATIONS (NYSE - VZ)
TARGET= + $3.00
Verizon Communications Inc. (Verizon), formerly known as Bell Atlantic Corporation, is a provider of communications services. The Company's subsidiaries are providers of wireline and wireless communications in the United States, with 132.1 million access line equivalents and 29.4 million wireless customers. Verizon's global presence extends to more than 40 countries in the Americas, Europe, Asia and the Pacific. The Company is the result of a June 2000 merger between Bell Atlantic Corporation and GTE Corporation.Verizon has four reportable segments, which it operates and manages as strategic business units, organized by products and services.
For the nine months ended 9/30/02, revenues rose less than 1% to $50.41 billion. Net income before extraordinary item and acct. change fell 12% to $2.29 billion. Results reflect new customer additions for wireless, long distance and DSL, offset by $4.46 billion in writedown charges related to investments in CTI, CANTV, Genuity and Telus.
Latest free research reports on VERIZON COMMUNICATIONS:
http://fiasco.ca/r/multex/reports_vz/
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Wall Street Trader's Column
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Buy Alert! JOHNSON & JOHNSON (JNJ) NYSE
Report No. 1634 Analysis by: Harry Aloof NOVEMBER 1, 2002
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JOHNSON & JOHNSON (JNJ-NYSE): Technical Viewpoint: From a low of $56.60 on Oct 10, 2002 prices rallied, reaching a high of $61.30 on Oct 21, 2002. A decline saw prices pull back, reaching a low of $55.86 on Oct 29, 2002. Another rally saw prices penetrate resistance line "A", closing 10/31/02 at $58.75. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 31, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $56.25. Resistance: Is at $61.30. Point & Figure: Reversed to the upside on Oct 31, 2002. A P&F downside reversal takes place at $56.25. Summary: Technical indicators have turned bullish. BUY! JOHNSON & JOHNSON (JNJ-NYSE) @ $59.13 Stop: Use a protective stop of $57.13. JOHNSON & JOHNSON is currently trading @ $58.75 plus $1.45 on Oct 31, 2002. Price Objective: $75.00. Risk/Reward: $2.50 VS. $15.88. Today's Risk Reward Ratio: 6:1
To view the above report with charts click here:
http://www.fiasco.ca/r/wall_street_traders/
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Fiasco Partner Sites
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Trading System of the Week
http://www.trading-system.net
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Stock-Links.com
http://www.stock-links.com
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Fiasco Trading and Investing Bookstore
http://www.fiasco.ca/r/bookstore/
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TradingMarkets - TradersGalleria
http://www.fiasco.ca/r/tradersgalleria/
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Complimentary Research
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CSCO: Attractive valuation
Banc of America Securities explains why long-term investors should consider accumulating shares of Cisco Systems.
While admitting visibility remains low and business challenging, the firm feels the stock is compelling at current levels. It examines CSCO's historical valuation, cash hoard, margins, and provides an upside price target. This report is free to members for the next 72 hours. http://fiasco.ca/r/multex/f/reports_1/
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Editor's Pick: Current Research From the Cutting Edge
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Morningstar examines the prospects for local and long-distance telecom carriers.
The firm provides a brief intro. and group history, looks at the 'new long-distance network,' the 'valuable' nature of local networks, the Telecom Act of 1996, ILEC risk, and concludes by identifying stocks with higher and lower risk profiles. (4-page report for purchase - $8.50)
http://fiasco.ca/r/multex/f/reports_2/
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Independent Review
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Standard & Poor's offers a review of communications equipment Harris Corp. (HRS).
Like other S&P reports, this one on HRS includes an EPS overview, valuation & business summaries, an industry outlook and peer group comparison, recent news headlines, Wall St. consensus data, and its STARS ranking. (5-page report for purchase - $5)
http://fiasco.ca/r/multex/f/reports_3/
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What's Hot?
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Lehman Brothers takes a look at last week's warning from Cigna (CI).
Lehman says its basic take is that CI's transition will be not be easy, nor quick. It discusses 7 preliminary observations including the timing of the announcement, inclusion of another 'nonrecurring' charge, and an 'out of control' transformation project. (6-page report for purchase - $25)
http://fiasco.ca/r/multex/f/reports_4/
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Highly Recommended
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http://www.fiasco.ca/r/hotstix_30_days_risk_free/
How HotStix works for you:
* After our professional market technicians scan thousands of stocks, we pick out just the very best stocks that have formed into chart patterns BEFORE they breakout.
* We then provide you with EXACT entry and exit prices, so you are never left wondering how to make the trade.
* You also get the clearest and cleanest chart, with our market technician's analysis, just like the one above.
* We provide you with an EXACT stop-loss price, so that you can never have any big losses.
Why it works:
At Hot Stix, we fall into the school of thought called "Technical Analysis." Contrary to fundamental analysis, technical analysis refers to the study of the action of the market itself as opposed to the study of the goods in which market deals. The technical investor could care less about understanding the business of a company. In fact, the technical analyst will argue that any fundamental information is already priced into the stock, and that what is going to move a stock only has to do with what is going to happen in the future.
Now, if you're pretty good at predicting the future, you might just want to stick with fundamental analysis. But if you are like most everyone else, in today's global-networked economy, where everyone and every institution has direct access to the stock market and information flies faster than a speeding bullet, even superman would be hard pressed to keep up to date on the fundamental story of just one company -- let alone a whole portfolio of stocks.
Our belief is that the stock market is nothing more than a never-ending battle between those who think a stock should be going down (the bears) and those who think it should be going up (the bulls). Both parties are constantly engaged in this battle, and while no one may be able to know all the reasons for why each side acts the way it does, the results of their actions are etched clearly, and forever, on a stock chart.
What's really interesting, is that this same game of bulls v. bears has been going on for hundreds of years, leaving us with quite a record of how these battles evolve and how they play out. And while there might have been amazing changes in technology, the fundamental drivers of human behavior in the stock market have not changed.
People are still possessed by fear and greed in the 21st century, just as they were in the 1890's. It may be trite, but that old cliché holds true; the more things change, the more they stay the same.
The result is that we find the same chart patterns developing and playing out over and over again. Does it work all the time? No, of course not. But it does work enough of the time to give us (and you) a very profitable advantage.
http://www.fiasco.ca/r/hotstix_30_days_risk_free/
Here's what some real members say:
"I'm a short-term momentum trader who is a recent subscriber to your website. I take positions on the small risk, large potential reward recommendations, which I recently did on NVDA. In 22 days, I netted $8,468.63 by shorting NVDA, enough to pay for more than 24 YEARS of subscriptions to your site !! Can't thank you enough. I demand that you all keep up the good work!"
Mike Carter in Toronto, Canada.
"I have been a member for about five months, and just wanted to tell you how much I have enjoyed the service. I have been doing this long enough to know that there is no get rich scheme, and that is not what I am looking for. Rather, I would be happy if I could consistently make a little money. That is something that I have been able to do since joining Hot Stix. Trading still has it's daily struggles, I still find it tempting to utilize a mental stop that almost always leads to a larger loss. But for the most part, I have had the discipline to exercise good money management skills. Thanks again for the great setups, and I look forward to continued trading with Hot Stix."
Gary in Virginia.
http://www.fiasco.ca/r/hotstix_30_days_risk_free/
Once you become a member, you will have immediate access to the following services:
* The Hot Box - This is our dynamic online service that will provide you with a continuously updated list of stocks to buy and short. We don't just tell you a stock is a "Strong Buy." We tell you exactly at what price to buy and also tell you specifically where to exit the trade. This can be done easily enough with most online brokerages through the use of a stop-limit order. Once we recommend a stock, we continue to chart the progress of the trade. Every few days, sometimes every few hours, we will post a new chart and new analysis of the trade and change our sell position as needed. We keep all of this information in what we call The Hot Box.
* Weekly Newsletter - Once a week, we step back to take a look at the big picture. In the Hot Stix Newsletter, we take a look at key market risk indicators, including stochastics and the VIX, to get a sense of the current risk level of the market as a whole. It is through these weekly market snapshots that a profitable trader can easily avoid getting caught in a major market decline.
* Easy to Read Charts - One of the biggest misconceptions in technical analysis is that it is hard to understand because the charts are confusing. Hot Stix will provide you with a "candlestick" chart that is easy to read and comprehend, for every trade we make. We'll even update the chart if we change our target price. We write our comments directly on the chart and use clear and concise lines to illustrate key inflection points. You will never look at a chart the same way again.
* Email Notifications - Hot Stix is convenient and easy to follow. We offer free e-mail alerts that will tell you everything you need to know about how to trade each and every setup.
Our 100% Absolute Satisfaction Guarantee
http://www.fiasco.ca/r/hotstix_30_days_risk_free/
Sign up now, and if, in thirty days, for whatever reason, you decide to cancel your membership, we will issue a complete and full refund of your subscription fee.
With a straightforward guarantee like that, you risk nothing. Why not give it a try?
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Recommended Stock-Picking Services
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Erlanger Squeeze Play
http://www.fiasco.ca/red/af/erlanger_squeeze_play.html
Samurai Stock Trader
http://www.fiasco.ca/r/samurai_30_days_free/
Financial Picks
http://www.financialpicks.com/a/fiasco/
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