SHREVEPORT, La., Dec. 30, 2004 (PRIMEZONE) -- StockPickReport.Com (http://www.stockpickreport.com - the web's only non-mainstream stock rating service), rates Nortel, Nokia Corporation, Micron Technology Inc., Altria Group Inc.
STOCKPICKREPORT RATINGS:
Nortel (NYSE:NT) - BUY
http://www.stockpickreport.com/abrating.php?sym=NT
Nokia Corporation (NYSE:NOK) - BUY
http://www.stockpickreport.com/abrating.php?sym=NOK
Micron Technology Inc. (NYSE:MU) - WEAK BUY
http://www.stockpickreport.com/abrating.php?sym=MU
Altria Group Inc. (NYSE:MO) - WEAK BUY
http://www.stockpickreport.com/abrating.php?sym=MO
STOCK COMMENTARY
Thursday, December 30, 2004
StockPickReport Commentary
CONGRATULATIONS
We congratulate all of you who enjoyed the move higher Wednesday in ALTR, CLE, and CC. It's so nice to have stocks move up against the market. You know, we think that ALTR could be a big winner. The nice thing about ALTR is the clear stop/loss set up with the lows over the last couple weeks.
Anyhow, congrats on these stocks moving up the last few days.
Once More, We Hope You'll Donate
Yesterday it was 55,000 dead. Today, the number is 77,000. My 58-year-old uncle said to me today, "This earthquake and Tsunami disaster in Asia is probably the single greatest natural disaster of my lifetime." It is for mine, for sure.
Please, if you have not done so yet, donate a few dollars to the Red Cross: http://www.redcross.org. The Red Cross will be on the front lines while we are home in the safety and comfort of our homes and businesses.
If you've donated, I thank you for your patience while I make this plea to those who may not have, yet.
In Good Company
Are headline writers reading our (StockPickReport) commentary? You'd think they might be. Check out the headlines from Wednesday night: Oil prices up, economy should be soft in 2005, Dollar drops versus Euro, etc.
If we believed the market was overbought before, well, when "mainstream Wall Street" begins to back down from their usual cheerleading, we suspect a pullback is around the corner.
Wanna know WHY the growth will be slower next year? Well, 'cause folks don't have a lot of free cash to spend. High oil prices are taking their toll.
And, speaking of high oil prices, it was just Monday evening that the Associated Press reported that oil prices "plummeted" below $42 - as if to say that was some sort of victory.
Our point about "mainstream" news is that, well, it AIN'T NEWS. One day it's "all systems go". The next day it's "look out below" (rhyme scheme unintentional!). That's not news. That's BALONEY.
The GOOD "news" is that you will be able to make money if the market pulls back. How? Here are some ways we suggest you can profit in the coming market correction:
1. First, make sure you are not afraid to SELL stock. If
you have profits in some stocks, you will never lose
money by MAKING money. Your diligent use of stop/losses
on your trades will go along way to shoring up your
bank account.
2. Second, if you want to stay long and NOT sell, you
should sell some "covered calls" on stocks you own.
Our preference is to sell deep "in the money" options
that provide a nice return but also provide a cushion
if the stock you hold drops.
3. If there are stocks you want to buy now but you think
they are too expensive we think you might want to sell
puts on those stocks. Say, for example, you'd like
to own Widgets.Com (Nasdaq: WIDGE), and WIDGE is at $35,
but you want to buy it at $25, sell a $25 put on WIDGE.
If WIDGE drops, you get to buy it at the price you
wanted PLUS someone paid you to do that. If WIDGE
doesn't drop, you just pocket the money. Now, if
you don't understand what I just wrote, please pick
up the book, "All About Options" at Amazon.Com.
Or, email me.
The market going up is not good, and the market going down is not bad. How you are set up for either move is the important thing. And, based on the emails you send us, we think many of you are set up nicely.
Have a wonderful evening. See you tomorrow!
Remember, if you have any questions or comments, please email Don Harrold, don@stockpickreport.com
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.
ABOUT STOCKPICKREPORT.COM:
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THEIR DISCLAIMER:
"Our analysis is issued solely for informational purposes. We do not offer to sell or buy any stock. This report does not regard your specific investment objectives, financial situation or particular needs. Our information is based on sources we believe are reliable but are not guaranteed by us as being accurate. We do not purport to offer a complete statement or summary of the available data. Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. Reproduction without written permission is prohibited."
"Strike Friday, Inc., or its owners, or employees, may own short or long positions in stock, or options on stock."
"SPR does NOT receive compensation for stock suggestions to our members (other than regular member fees). We do not get paid cash, stock, property (etc) to "profile" a stock to our members. Our opinions are based on RESEARCH ALONE."
"SPR does NOT guarantee any stock will go up OR down. Information published by SPR or emailed to members is opinion, and opinion only. We believe our information is good, accurate, and helpful. Traders should (in our opinion) make "buy" or "sell" decisions based on variables including (but certainly not limited to!), experience, portfolio size, risk-tolerance, and current market conditions - none of which we can determine."
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If the links to our ratings above do not work, please use these:
Nortel (NYSE:NT) - BUY http://www.stockpickreport.com/abrating.php?sym=NT Nokia Corporation (NYSE:NOK) - BUY http://www.stockpickreport.com/abrating.php?sym=NOK Micron Technology Inc. (NYSE:MU) - WEAK BUY http://www.stockpickreport.com/abrating.php?sym=MU Altria Group Inc. (NYSE:MO) - WEAK BUY http://www.stockpickreport.com/abrating.php?sym=MO