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 Lucent, Citigroup Inc., Sanmina-SCI Corporation, Level 3 Communications.
STOCKPICKREPORT RATINGS:
Lucent (NYSE:LU) - BUY
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=LU
Citigroup Inc. (NYSE:C) - WEAK BUY
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=C
Sanmina-SCI Corporation (Nasdaq:SANM) - STRONG SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=SANM
Level 3 Communications (Nasdaq:LVLT) - SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=LVLT
STOCK COMMENTARY:
Wednesday, November 10, 2004
StockPickReport Commentary
Stop/Losses
You may realize that StockPickReport's been around a while. We began as "MaverickTrader.Com", April of 1999. And so, we, naturally were selecting stocks throughout the stock market meltdown of 2000 to 2003.
Several of our subscribers commented the difference in our service and other stock-pick web sites is we offered stop/losses with every pick. Today, I trust stop/losses are more frequently suggested, but not back in the "old days". I mean, why would you need stop/losses when EVERY equity was going up?
Well, of course, stop/losses SHOULD have been supplied. Naturally, it gratified us to get emails from folks who said stuff such as, "If I had merely utilized stop/losses like you recommended, I wouldn't be away from the market right now".
The other day we selected two stocks, GIFI and CNQR that did not go up the way we thought they would. As you realize, we chose RYAAY a couple weeks ago - and RYAAY made A Stupendous move up in a short time. But, GIFI and CNQR provide us an chance to talk about stop/losses again. Since not every equity we pick will always rocket skywards like, RYAAY, we think it is only prudent that all people use stop/losses.
Gee whiz, if an investor gets into an equity and the stock moves against the investor, the trade should be done. That "should" be it. Still, unhappily, so frequently it's not. We believe we know how come.
Look, people are commonly instructed to Succeed, not lose. Therefore, a good deal of emphasis is placed on "win-loss records". We believe stock trades need to be considered for what they are: black and white decisions.
Block out "win/loss". Think, "increase cashflow", or "save money".
In the stock market, it is OKAY to have more trades go against you than not. It is NOT okay to lose more money than you make.
We suggest strict employment of stop/losses to save cash. Don't attempt to be a hero and turn every stock trade into a winner. Accept some investments could "go against" you. Learn to revel in your "deficiency of success".
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:
Lucent (NYSE:LU) - BUY http://www.stockpickreport.com/rating.php?sym=LU Citigroup Inc (NYSE:C) - WEAK BUY http://www.stockpickreport.com/rating.php?sym=C Sanmina-SCI Corporation (Nasdaq:SANM) - STRONG SELL http://www.stockpickreport.com/rating.php?sym=SANM Level 3 Communications (Nasdaq:LVLT) - SELL http://www.stockpickreport.com/rating.php?sym=LVLT