SHREVEPORT, La., Sept. 28, 2004 (PRIMEZONE) -- Stock-Letter-Daily.Com (http://www.stock-letter-daily.com -- an affiliate site of StockPickReport, the web's only non-mainstream stock rating service), rates Intel, Texas Instruments Inc., Sanmina-SCI Corporation and Bank of America Corp.
STOCKPICKREPORT RATINGS: Intel (Nasdaq:INTC) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=INTC Texas Instruments Inc. (NYSE:TXN) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=TXN Sanmina-SCI Corporation (Nasdaq:SANM) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=SANM Bank of America Corp. (NYSE:BAC) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=BAC
STOCK COMMENTARY:
Tuesday, September 28, 2004StockPickReport Commentary
"Preserve Your Capital"
You know, it just irks us to read some "analysts" crow about how they "predicted" this or "warned investors" about that. Today, while the markets dropped (again), we were just happy that at least YOU, got the "straight dope" on the markets from us -- weeks ago. You know that we've been BEARISH for weeks. You know we've been telling you to UP your stop/losses and look to preserve capital.
We continue to hope you're doing just that: Preserving capital.
Which brings us to the topic of an email we recently received. One of our members asked, "I see the daily picks but how do I know which ones to buy? From what I've observed thus far, the majority have gone down."
That's a great question, and an interesting point. First, let me explain a bit about what our "strong buys" and "strong sells" represent, and what the do not represent:
Our "strong buys" are stocks we believe show more potential for upside, than downside. The opposite is true for "strong sells". Of course, we cannot guarantee that any stock will go up or down, but this is our best estimate. The timeframe for these "strong buy" or "strong sell" ratings is from today, until the ratings change. The reason for this is that a stock's rating may change tomorrow, or it may change a week from now, or it may change a month from now.
So, (and this is an IMPORTANT point), when we issue a "Strong Buy" or "Strong Sell" on a stock, it is NOT a "daytrade" stock. Those ratings are meant to be the basis of entry or exit strategies -- timeframe will vary on a stock-by-stock basis.
The point made above by our member that, "...the majority have gone down..." is one that I can't really answer. Why? Because I don't know the timeframe the member is referring to. However, check this out from today's "Strong Buy" and "Strong Sell" lists:
Today, we picked 7 "Strong Buy" stocks and 33 "Strong Sell" stocks. Of the "Strong Buy" stocks, it is true that more closed down than up -- today. But, what is more important is that the average move down of the "Strong Sell" stocks from Monday morning was 1.9% from the open to the close. That means that our "Strong Sells" could have saved traders (on average) today, 1.9%.
And, that's important. We know what "mainstream wall street" won't tell you: Stocks go DOWN, just like they go up. You, hopefully, will see our ratings as a way to find some clarity in your search for what to do next with a stock you hold, or are thinking about buying.
For More Commentary Go Here:http://www.stock-letter-daily.com/index.htm
WHAT THESE RATINGS MEAN:
StockPickReport.Com ranks stocks with technical analysis. These ratings do not indicate a "long term" view. These ratings reflect an opinion for the short term. These ratings may change based on market conditions.
ABOUT STOCKPICKREPORT.COM:
StockPickReport.Com is a stock research firm. Their daily commentary is regular and distributed worldwide. They are Registered Investment Advisors. They do not accept third-party compensation to make stock suggestions.
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"Our analysis is issued solely for informational purposes. We do not offer to sell or buy any stock. This report does not regard your specific investment objectives, financial situation or particular needs. Our information is based on sources we believe are reliable but are not guaranteed by us as being accurate. We do not purport to offer a complete statement or summary of the available data. Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. Reproduction without written permission is prohibited."
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"SPR does NOT receive compensation for stock suggestions to our members (other than regular member fees). We do not get paid cash, stock, property (etc) to 'profile' a stock to our members. Our opinions are based on RESEARCH ALONE."
"SPR does NOT guarantee any stock will go up OR down. Information published by SPR or emailed to members is opinion, and opinion only. We believe our information is good, accurate, and helpful. Traders should (in our opinion) make 'buy' or 'sell' decisions based on variables including (but certainly not limited to!), experience, portfolio size, risk-tolerance, and current market conditions -- none of which we can determine."
StockPickReport also offers a proprietary stock-picking software suite. Interested investors should visit http://www.stock-letter-daily.com/software.htm for more details.
If the links to our ratings above do not work, please use these:
Intel (Nasdaq:INTC) -- SELL http://www.stockpickreport.com/rating.php?sym=INTC Texas Instruments Inc. (NYSE:TXN) -- SELL http://www.stockpickreport.com/rating.php?sym=TXN Sanmina-SCI Corporation (Nasdaq:SANM) -- SELL http://www.stockpickreport.com/rating.php?sym=SANM Bank of America Corp (NYSE:BAC) -- SELL http://www.stockpickreport.com/rating.php?sym=BAC