SHREVEPORT, La., Dec. 16, 2004 (PRIMEZONE) -- StockPickReport.Com (http://www.stockpickreport.com -- the web's only non-mainstream stock rating service), rates Lucent, PeopleSoft Inc., Micron Technology Inc., Home Depot.
STOCKPICKREPORT RATINGS:
Lucent (NYSE:LU) -- WEAK SELL
http://www.stockpickreport.com/abrating.php?sym=LU
PeopleSoft Inc. (Nasdaq:PSFT) -- WEAK BUY
http://www.stockpickreport.com/abrating.php?sym=PSFT
Micron Technology Inc. (NYSE:MU) -- BUY
http://www.stockpickreport.com/abrating.php?sym=MU
Home Depot (NYSE:HD) -- SELL
http://www.stockpickreport.com/abrating.php?sym=HD
STOCK COMMENTARY:
Thursday, December 16, 2004
StockPickReport Commentary
The market moved rather strangely today. Kind of like it's looking for a reason to drop or rise, but can't figure out which one it wants to choose. The S&P closed (AGAIN) at a multi-year high.
Times like these (moments of seeming market indecision) give us pause to think about our holdings. When the "up and down" is more "sideways", it always (and, I mean ALWAYS) seems to indicate the next move will be sharp one way or another.
And, the number of stocks you hold in any market can become harder to manage in a sharp move up OR down. We think you might want to consider shortening the number of stocks you may hold right now.
Look, you're a trader. Traders need liquidity to trade. You need to be able to get in and get out. It's just logistically harder to follow more than say, 3 stocks at once. We know of a trader that owned 25 positions or more at a time. Guess how much money they lost?
A LOT. They just could not get in and out. If the market turned south they spent all day figuring out which stocks to get out of.
We suggest that liquidity (cash on hand that you can spend) is important, and that if you follow more than 3 stocks at one time (as a trader), you're following too many stocks.
When the market gives you a moment to breathe, we think you're well served to reevaluate every stock you hold.
For More Commentary Go Here: http://www.stockpickreport.com
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) -- WEAK SELL http://www.stockpickreport.com/abrating.php?sym=LU PeopleSoft Inc (Nasdaq:PSFT) -- WEAK BUY http://www.stockpickreport.com/abrating.php?sym=PSFT Micron Technology Inc (NYSE:MU) -- BUY http://www.stockpickreport.com/abrating.php?sym=MU Home Depot (NYSE:HD) -- SELL http://www.stockpickreport.com/abrating.php?sym=HD