SHREVEPORT, La., Jan. 17, 2005 (PRIMEZONE) -- StockPickReport.Com (http://www.stockpickreport.com - the web's only non-mainstream stock rating service), rates Cisco Systems, VERITAS Software Corporation, CMGI Inc., Atmel Corporation.
STOCKPICKREPORT RATINGS:
Cisco Systems (Nasdaq:CSCO) - BUY
http://www.stockpickreport.com/abrating.php?sym=CSCO
VERITAS Software Corporation (Nasdaq:VRTS) - BUY
http://www.stockpickreport.com/abrating.php?sym=VRTS
CMGI Inc. (Nasdaq:CMGI) - WEAK SELL
http://www.stockpickreport.com/abrating.php?sym=CMGI
Atmel Corporation (Nasdaq:ATML) - WEAK SELL
http://www.stockpickreport.com/abrating.php?sym=ATMLSTOCK COMMENTARY:
STOCK COMMENTARY Monday, January 17, 2005 StockPickReport Commentary
Before we get to the answer the member is looking for. Let's look at a bit of history.
The S&P 500 peaked on January 3. January 3, the S&P opened at 1213. That culminated a move higher since October 25. Since the open on January 3 until Friday's close of 1184, the S&P was down 2.3%.
That's the benchmark to focus on: What would have happened if you did what "mainstream wallstreet" recommended on the day the market peaked? You would be DOWN 2.3%.
The evening of January 2, we made 33 stock picks on our "strong buy" and "strong sell" list. Here is what those picks were:
Strong Buy: RHAT, THC, SWIR, GMR, IMH
Strong Sell: TYC, KO, SGP, DIA, SBUX, LLY, ERTS, CRAY, NGPS, EDS, MON, FHCC, GERN, ACF, ZTEL (now TRIN), CMX, EQR, ERJ, VC, PHS, RCL, SIM, AMLN, APPX, CVH, CKCM, IDCC, ROIAK
From the open on January 3 to the close on Friday, here's how our stocks did:
1. 4 of the 5 "strong buys" are down. The average percent loss on those stocks is 3.67%.
2. Yet, 19 of the 28 "strong sells" are down. The average percent loss on those is 3.3%.
3. If a trader bought equal amounts of every stock we recommended on January 2, those stocks would have provided a profit (as of the close on Friday) of 2.7%
In other words, if a trader "went long" our "strong buys" and "shorted" our "strong sells" on January 3, the stocks (based on the open prices January 3, and the close prices last Friday) would have offered them a profit potential of 2.7%.
The market is DOWN 2.3%.
Hey, we're not perfect, but that's 5% spread. And, that's not too shabby.
My point is this: We THOUGHT the market was about to take a dive. The day the market PEAKED we made some wonderful calls. Our commentary that day was ABSOLUTELY clear as to what we thought you should do. Right now, we think the risk of down is less than it was a couple weeks ago. That's why we have more "buy" stocks than "sell" right now. If you look for "hard" targets, we think the S&P (as we've said before) may see 1150.
If you have questions or comments, please email 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.
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If the links to our ratings above do not work, please use these:
Cisco Systems (Nasdaq:CSCO) - BUY
http://www.bigtimenews.com/sp500/CSCO-Stock-Quotes-News-and-Research.php
VERITAS Software Corporation (Nasdaq:VRTS) - BUY
http://www.bigtimenews.com/sp500/VRTS-Stock-Quotes-News-and-Research.php
CMGI Inc. (Nasdaq:CMGI) - WEAK SELL
http://www.stockpickreport.com/abrating.php?sym=CMGI
Atmel Corporation (Nasdaq:ATML) - WEAK SELL