SHREVEPORT, La., Oct. 29, 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 Pfizer Inc., QUALCOMM Incorporated, SBC Communications Inc., Delta Air Lines Inc.
STOCKPICKREPORT RATINGS:
Pfizer Inc (NYSE:PFE) -- BUY
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=PFE
QUALCOMM Incorporated (Nasdaq:QCOM) -- SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=QCOM
SBC Communications Inc (NYSE:SBC) -- WEAK SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=SBC
Delta Air Lines Inc (NYSE:DAL) - BUY
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=DAL
STOCK COMMENTARY:
Friday, October 29, 2004
StockPickReport Commentary
RYAAY!
We received this today from StockPickReport Member "John": "Can you offer some guidelines in terms of time when you say 'short-term'? IRS says short-term is less than a year, however we're talking days in penny stocks. You talk of the software 'being based on the short-term' (does that mean tomorrow?) and penny stocks being 'beyond the short-term' (day after tomorrow and beyond?)?"
These questions point out a fundamental area we could do a better job in. You should not have to wonder what we mean when we say "short-term" or "long-term". We should speak more clearly to those issues. For future reference, we will speak more specifically. So, when we discuss time frames we will be more clear. Thanks, John for the questions!
By the way, do you remember Ryanair (Nasdaq:RYAAY)? Our commentary on October 15 was titled, "A Stock to Watch, RYAAY". We gave RYAAY a target of $30. We suggested you use the recent lows as a guide line for a stop/loss.
Well, RYAAY never hit those lows, but boy, has it moved up! Today, RYAAY hit $28.81, or +$2.00 from the open on October 15. CONGRATS if you traded RYAAY. If you are in RYAAY, we'd raise your stop/loss to reflect the sharp move higher.
Quick note on the market: RSI, Stochastics, and MACD all favor more upside at this point. Let's hope for the best, y'all! See you tomorrow... 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.
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If the links to our ratings above do not work, please use these:
Pfizer Inc (NYSE:PFE) - BUY http://www.stockpickreport.com/rating.php?sym=PFE QUALCOMM Incorporated (Nasdaq:QCOM) - SELL http://www.stockpickreport.com/rating.php?sym=QCOM SBC Communications Inc (NYSE:SBC) - WEAK SELL http://www.stockpickreport.com/rating.php?sym=SBC Delta Air Lines Inc (NYSE:DAL) - BUY http://www.stockpickreport.com/rating.php?sym=DAL