IIC's Winners Watchlists

[IIC]

Early MoMo...LUCY CYB TRA PGLAF EGY MGLN CLF GIVN ALDA AMXC ZEUS BBSI TNH BXX NVTL PNFP RRC EPEX WLV IO AKAM FLDR

Watch ACLS for a possible move on vol over 9.35

[IIC]

Today's MoMo:

CLF OCLR MGLN PLMO ZEUS PKZ AMXC FLIR GBX TNH FHRX ARKR PKOH PMTI SIE SFCC GIVN ALDA VLO BOCH VTS RRC CENX ATI BBSI AKAM IPS NTMD PNFP TRGL WLV SVT IO TRA TOX TMR BAMM EGY PGLAF CFS NETP PLRB

[IIC]

Nasdaq Support/Resistance For Friday


Resistance:

2025
1999
1982
1965-Medium
1942
1935
1902

Support:

1872-1877
1840
1829
1820-Weak
1783

QQQ:

Resistance:

36.35-Medium
36.10
35.90
35.65-Medium
35.45
34.85-Medium

Support:

34.40
34.00-34.05
33.70-33.75
33.50
32.35

[IIC]

The U.S. Department of Defense announced the following contracts Thursday:

Lockheed Martin Corp. (LMT) received a $6.37 million cost-plus award-fee contract modification. This procurement revises the satellite launch dates and reestablishes a 90-day launch contingency. This work will be complete by December 2012.

The company also received a $14.8 million ceiling priced, advanced acquisition contract for long lead material and effort associated with the production and delivery of 8 Low Rate Initial Production III MH-60R weapon systems. The work will be completed in February 2005.

EG&G Technical Services Inc. (EGG.XX) received a $13.5 million firm fixed price with indefinite delivery/quantity type of contract for material distribution services including receipt, storage, issue and special functions for the Defense Logistics Agency. Performance completion date is expected to be November 30, 2009.

Bell-Boeing Joint Program Office, which is a joint venture of Textron Inc.'s (TXT) Bell Helicopter unit and Boeing Co. (BA), received a $7.57 million modification to a previously awarded cost-plus-award-fee contract to provide additional funds for the MV-22 Engineering and Manufacturing Development Program.

Washington Group International Inc. (WGII) received a $10 million delivery order as part of a $19.1 million cost-plus-award-fee contract for enhancement of the Azerbaijan Maritime Border Guard. The work will be finished by July 28, 2005.

[IIC]

BOT DHB 15.39

[Websman]

BOT DHB 15.39

I'd be interested in hearing your take on DHB. I sold DHB yesterday for a small profit, and was hoping to buy back on a dip.

[IIC]

BOT DHB 15.39

I'd be interested in hearing your take on DHB. I sold DHB yesterday for a small profit, and was hoping to buy back on a dip.

Been pretty much consolidating for the past month...vol low mostly the last 10 days...Actually, my plan was to buy near 16 on a vol move...but, I think it will do that and I decided to get in early when I saw a brief vol spike this morning...Hoping for Blowout Guidance if I am still holing by then.

[Websman]

Thanks for your reply! I still believe DHB will make a good move. I'll be keeping a close eye on the news and charts. The big question is...will I get a dip to buy back???

[IIC]

Thanks for your reply! I still believe DHB will make a good move. I'll be keeping a close eye on the news and charts. The big question is...will I get a dip to buy back???

Depends on how big a dip you want...I could see up to a buck at the most unless some bad news comes out....But actually, I believe it will pretty much stay above 15 now

[IIC]

Today's MoMo:

BGY CLF DWSN CRS GLBCE MEE PNFP ZEUS CALC OCLR ADBL NVI NPO NUS TMR SVT PROG TNH AMXC NSS MLR PQUE WGA PGLAF STSI SMXC

[IIC]

TOP STORIES

CRUDE OIL SOARS, ENDING NEAR $44 A BARREL


Heightened uncertainty over future of leading Russian oil producer Yukos helps lift crude oil futures by more than $1 to new all-time high of $43.85 a barrel in New York. Rally comes after Moscow court rejects appeal by Yukos to lift an order forbidding it from selling its assets.

ECONOMIC GROWTH SLOWS IN 2Q

With energy prices rising, consumers put the brakes to spending in the 2Q, slowing growth in GDP to 3.0%, down from a revised 4.5% in the 1Q. But July University of Michigan consumer-sentiment index and Chicago PMI both rise.

SCHERING-PLOUGH SETTLES FRAUD PROBE

Drug maker pleads guilty to federal criminal charge that it defrauded Medicaid health insurance program for the poor and will pay $345.5 million to settle the case. Shares edge lower.

CHEVRONTEXACO 2Q NET SOARS

Momentum from soaring oil prices propel energy giant ChevronTexaco into another quarter of record earnings, filling the company's war chest as it boosts spending on its campaign to find more oil for the future. Shares edge higher.

NYSE TO UPDATE ELECTRONIC PLANS

Big Board will "soon" update plans for long-awaited improvements to its electronic-trading platform. New plan might include ability for electronic transactions not only at the best price, but also at quotes above or below the best price.

WHITE HOUSE TRIMS DEFICIT FORECAST

Bush administration projects 2004 budget deficit would hit record $445 billion, down from February estimate of $521 billion shortfall. White House also lowers its projection for budget deficit in fiscal 2005.

HALLIBURTON DEFENDS IRAN WORK

Maintains work in Iran is not only lawful, but ethically sound. Work has been criticized by some as exploiting loophole in U.S. sanctions, which bar Halliburton from directly working in Iran, a state sponsor of terrorism.

DEUTSCHE BANK 2Q DISAPPOINTS

Shares fall 2% in U.S. on lower-than-expected 15% rise in net profit to $790 million. Pretax profit also misses views despite rising 6.4% as net interest and trading sales fall 10%. Investment banking revenue falls 12%.

NATO AGREES TO TRAIN IRAQI FORCES

North Atlantic Treaty Organization countries agree to send a team to train Iraqi security forces after sidestepping dispute between U.S. and France over command of alliance operation. Advance team to leave as soon as possible.

ISLAMIC GROUP SAYS RESPONSIBLE FOR UZBEK ATTACKS

A group calling itself the Islamic Holy War Group in Uzbekistan claims responsibility for three suicide attacks in Uzbek capital, posting message on an Islamic Web site known for carrying statements from militant groups.

SUDAN REJECTS UN RESOLUTION

Rejects U.N. Security Council resolution, saying it conflicts with existing agreements. Resolution threatens diplomatic and economic "action" if Sudan doesn't disarm Arab militias blamed for killing thousands in Darfur region.

BRISTOL-MYERS PAYS $300M TO SETTLE SUIT

Agrees to settle class action lawsuit related to wholesaler inventory and other accounting matters, and relationship with ImClone. Bristol-Myers admits no wrongdoing and says pact doesn't affect government probes and other suits.

FDA SEES NO MORE BOSTON SCI STENT RECALLS

Says there is "no indication" it will order additional recalls of Boston Scientific's best-selling Taxus coronary stent as agency reviews whether two safety-related recalls of 96,200 stents are sufficient. Boston Sci shares rise 2%.

UNITEDHEALTH COMPLETES OXFORD DEAL

UnitedHealth Group completes its $4.9 billion acquisition of Oxford Health Plans earlier than originally anticipated and raises its earnings outlook for the year. Shares down 1%.

AMERICAN RAISES FARES, OTHERS FOLLOW

American Airlines raises fares by $10 roundtrip in most domestic markets to help offset higher fuel prices, and several other carriers have matched the boost, including Delta, ATA Airlines and Midwest Air.

CARLOS SLIM HELU BUYS MORE GLOBAL CROSSING

Mexican telecom and retail tycoon purchases 102,500 more common shares for between $15.94 and $17.35 a share. Acquisitions bring Slim Helu's stake to 19.9% of company's outstanding common stock, through Orient Star Holdings.

ARCHER-DANIELS FALLS ON 4Q LOSS

Shares drop 3% after Archer swings to 4Q loss, including $252 million charge to settle price fixing suit. But company says prospects for good U.S. soybean harvest this year, in contrast to last year's drought-stricken crop.

WENDY'S FALLS ON UBS DOWNGRADE

Fast food chain's shares slip 2% after analyst downgrades shares to neutral from buy, saying stronger marketing from competitors is taking a bite out of Wendy's profits.

ENRON'S RICE PLEADS GUILTY TO FRAUD

Kenneth Rice, former head of Enron Broadband Services, will pay $14.7 million to settle civil fraud charges with SEC. Rice pleads guilty to criminal charge of securities fraud and agrees to cooperate with federal prosecutors.

GLOBAL TRADE DEAL CLOCK TICKING

Trade negotiators facing a late night deadline tonight frantically seek common ground in hopes of agreeing on a framework for a new global trade treaty they claim would boost the world economy.

CITIGROUP MULLS OVERSEAS ACQUISITIONS

To reach its goal of booking half its profit from international operations within next few years, Citigroup is likely to make acquisitions that could include big European bank, says chairman and CEO of Citigroup International.



LATE TRADING
RJR Dips; Distributed Energy Plunges

R.J. Reynolds shares slip in late session as company says merger with Brown & Williamson Tobacco is completed. Distributed Energy Systems tumbles 27% after Proton Energy Systems unit says GE has terminated its distribution deal.


CHARTING TRENDS
Crude Barrels Up To Potential Top

New all-time high for Nymex crude is of course bullish, and current uptrend implies more record highs to come. But market's upside momentum is in fact slowing, and contract is now vulnerable to corrective dip, writes Stephen Cox.

============ U.S. MARKETS ACTION ===========
DJIA up 10.47 points to 10139.71
NASDAQ up 6.30 points to 1887.36
S&P 500 up 1.29 points to 1101.72
10-year T-note up 2/32 at 102 05/32 yield 4.475
NYMEX Spot Crude up $1.05 at $43.80/bbl at close
Dollar/Euro down 0.0023 at 1.2019

[IIC]

Defense Contracts Announced Friday



The following contracts were announced by the U.S. Department of Defense Friday.

BAE Systems PLC (BA.LN) received a $26.5 million Army order to provide CXM-7 explosive. Work is expected to be completed by July 2005.

Northrop Grumman Corp. (NOC) received a $25.5 million Navy order for E-2 upgrade kits for Japan under the Foreign Military Sales Program. Work is expected to be completed in December 2006.

Lockheed Martin Corp. (LMT) is being awarded an $11.5 million contract modification by the Navy for design and configuration of a J5 Japanese Computer Program Test Site equipment suite, under the Foreign Military Sales Program. Work is expected to be completed by March 2006.

Computer Sciences Corp. (CSC) received a contract from the Missile Defense Agency to provide scientific, engineering and technical assistance support. The contract, with a 12-month base period plus two option years, has a potential 3-year value of $23.5 million.

Lockheed Martin received an $8.7 million contract modification from the Air Force for incorporation of the gun structures, ventilation and sealing change modifications into the Lot 3 Aircraft. This work will be complete by January 2006.

[IIC]

Is this a joke???

http://www.investors.com/certification/

Did you also hear that IBD is considering an alert service?

I happen to know for a fact that IBD subscriptions are falling fast. I guess WON figures he may as well squeeze as much as he can out of the diehards.

I wonder how much they would charge if you just want to take the exam and skip the course???

[Websman]

Become a "certified" canslim expert???

Now that's funny!!! So does that mean I can become an expert at losing money? I see the cost is only $6,995! Wow! What a bargain!!! Yep, that guarantees I'll lose money.

It sure sounds like WON is starting to get desperate for business. Maybe this bear market will end soon where canslim can actually work again.

I'll probably keep my IBD subscription, but I believe I'll keep trading my way.

So...who's going to fork out their $6,995 to become a canslim expert?

[IIC]

I got to thinking...Maybe I'll come up with a home study course with an exam at the end. If you pass the exam I'll send you a certificate suitable for framing...Plus, I'll even pay to have your name printed in IBD...all for only $495.00...YOU SAVE $6,500.00.

What should I call it?...CAN'T SLIM???