SHREVEPORT, La., Nov. 10, 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 Dell Inc., Amgen Inc., Taiwan Semiconductor Mfg Co. Ltd, Bristol-Myers Squibb Company.
STOCKPICKREPORT RATINGS:
Dell Inc. (Nasdaq:DELL) - WEAK BUY
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=DELL
Amgen Inc. (Nasdaq:AMGN) - WEAK BUY
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=AMGN
Taiwan Semiconductor Mfg Co. Ltd (NYSE:TSM) - STRONG SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=TSM
Bristol-Myers Squibb Company (NYSE:BMY) - BUY
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=BMY
STOCK COMMENTARY:
Wednesday, November 10, 2004
StockPickReport Commentary
Stop/Losses
You probably realize that StockPickReport's been around a while. We started as "MaverickTrader.Com", April of 1999. Thus, we, plainly were picking stocks throughout the market crash of 2000 to 2003.
Quite a few of our members said the difference in our service and other stock-pick web sites is we furnished stop/losses for each stock pick. Today, I believe stop/losses are more common, but not back in the "old days". I mean, why would an investor need stop/losses when EVERY stock was shooting higher?
Well, naturally, stop/losses ought to have been offered. Naturally, it humbled us to receive emails from investors who said stuff like, "If I had simply used stop/losses like you advocated, I wouldn't be away from the market now".
Just the other day we selected a couple stocks, GIFI and CNQR that did not go up the way we wanted. As you realize, we picked RYAAY recently - and RYAAY made A HUGE move higher in a short time. Nonetheless, GIFI and CNQR provide us an opportunity to discuss stop/losses over again. Since not every stock we look at will always rocket to the moon in the manner of, RYAAY, we believe it is simply wise that all people utilize stop/losses.
Hey, if an investor purchases an equity and the equity moves against the trader, the trade needs to be concluded. That "ought to" be it. Even so, sadly, so often it's not. We think we understand how come.
You know, folks are normally taught to WIN, not lose. So, a lot of stress is targeted at "win-loss records". We think stock trades ought to be considered for what they should be: business decisions.
Block out "win/loss". Imagine, "increase cashflow", or "save cash". In the stock market, it is OKAY to have more trades go against you than not. It is NOT okay to lose more capital than you make.
We suggest rigorous use of stop/losses to conserve money. Don't attempt to become a champion and turn every stock trade into a winner. Accept a few investments might "work against" you. Learn to rejoice in your "deficiency of positive trades".
If you have any questions, please feel free to email don@strikefriday.com.
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:
Dell Inc (Nasdaq:DELL) - WEAK BUY http://www.stockpickreport.com/rating.php?sym=DELL Amgen Inc (Nasdaq:AMGN) - WEAK BUY http://www.stockpickreport.com/rating.php?sym=AMGN Taiwan Semiconductor Mfg Co Ltd (NYSE:TSM) - STRONG SELL http://www.stockpickreport.com/rating.php?sym=TSM Bristol-Myers Squibb Company (NYSE:BMY) - BUY http://www.stockpickreport.com/rating.php?sym=BMY