SHREVEPORT, La., Nov. 15, 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 Sun Microsystems, eBay, Liberty Media Corporation CL A, Tyco International Ltd /BER/.
STOCKPICKREPORT RATINGS:
Sun Microsystems (Nasdaq:SUNW) - STRONG SELL
http://www.penny-stock-goldmine.com/rating.asp?format=single&ticker=sunw
eBay (Nasdaq:EBAY) - WEAK BUY
http://www.penny-stock-goldmine.com/rating.asp?format=single&ticker=ebay
Liberty Media Corporation CL A (NYSE:L) - WEAK BUY
http://www.penny-stock-goldmine.com/rating.asp?format=single&ticker=l
Tyco International Ltd /BER/ (NYSE:TYC) - WEAK BUY
http://www.penny-stock-goldmine.com/rating.asp?format=single&ticker=tyc
STOCK COMMENTARY:
Monday, November 15, 2004 StockPickReport Commentary
In Uncharted Territory?
Well, it's finally over. The market is officially not in a bear market. At least that's what the S&P 500 tells us.
The S&P 500 is at a three-year high. Friday's close at 1184 was higher than any close since August of 2001. This is an impressive fact. So impressive that we will say it again: The S&P 500 is at the highest point in three years.
This is uncharted territory. When was the last time we could make that claim? It's been a while.
With all the talk of "doom and gloom" around the world, the market somehow managed an impressive rally from the bottom in 2002.
Friday, we told you we thought the markets would close up for the day. In fact, we were pretty bold about it. But, it just FELT right, didn't it?
Are we out of the woods yet? Gee whiz, that's the million-dollar question. And, one we are not prepared to answer. There is no downside support for the S&P at this point that we feel comfortable saying would be a place for stocks to pull back to in a downturn.
In short, "it's a long way down" in a correction - if there is one. So, for the moment, we are A) Happy, B) Hopeful, and C) Careful. "Happy" that the markets are UP, "hopeful" for more upside, and "careful" with our stop/losses.
There's a funny thing about "uncharted territory": it's only uncharted until someone charts it. All of us are "charting" our course through the next phase of the market's growth. 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:
Sun Microsystems (Nasdaq:SUNW) - STRONG SELL http://www.stockpickreport.com/rating.php?sym=SUNW eBay (Nasdaq:EBAY) - WEAK BUY http://www.stockpickreport.com/rating.php?sym=EBAY Liberty Media Corporation CL A (NYSE:L) - WEAK BUY http://www.stockpickreport.com/rating.php?sym=L Tyco International Ltd /BER/ (NYSE:TYC) - WEAK BUY http://www.stockpickreport.com/rating.php?sym=TYC