SHREVEPORT, La., Jan. 18, 2005 (PRIMEZONE) -- StockPickReport.Com (http://www.stockpickreport.com - the web's only non-mainstream stock rating service), rates SPDR Trust, Citigroup Inc., Tyco International Ltd. /BER/, Applied Micro Circuits Corp.
STOCKPICKREPORT RATINGS:
SPDR Trust (AMEX:SPY) - WEAK SELL
http://www.stockpickreport.com/abrating.php?sym=SPY
Citigroup Inc. (NYSE:C) - SELL
http://www.stockpickreport.com/abrating.php?sym=C
Tyco International Ltd. /BER/ (NYSE:TYC) - SELL
http://www.stockpickreport.com/abrating.php?sym=TYC
Applied Micro Circuits Corp. (Nasdaq:AMCC) - WEAK SELL
http://www.stockpickreport.com/abrating.php?sym=AMCC
Commentary:
Traders sometimes find themselves with a stock that continues to drop. Never mind the fact that they didn't employ a stop/loss. They held on while the stock dropped. And dropped. And dropped.
Each morning they turn on the financial channels and grimace as "futures look down today". Each tick up in the losing position brings a surge of immediate joy -- only to be followed with a sick feeling as the stock closes down for the day -- again.
Each day, these traders try to find ways to justify "holding" this stock as it drops. They self-talk themselves with comments like, "This has got to come back; look at all the institutions that own it!" And, each day, sadly, they hang on while their stock drops and drops and drops...
If you try to tell them to sell, they say, "I can't take a loss", or "If I sell now, I'll miss the move back up". It's sad, really.
What we suggest is that any trader ask themselves this question, "If I had an extra $10,000 laying around, would I buy MORE of this stock at these prices?"
The answer to that question should be enough to help the trader decide what to do. The ONLY reason to own a stock is to MAKE MONEY. If you can't justify a current position with the $10,000 question, maybe it's time to admit the trade went the way you did not expect -- maybe you should close your position and find a better place for your money.
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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"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:
SPDR Trust (AMEX:SPY) - WEAK SELL
http://www.stockpickreport.com/abrating.php?sym=SPY
Citigroup Inc. (NYSE:C) - SELL
http://www.bigtimenews.com/sp500/C-Stock-Quotes-News-and-Research.php
Tyco International Ltd. /BER/ (NYSE:TYC) - SELL
http://www.bigtimenews.com/sp500/TYC-Stock-Quotes-News-and-Research.php
Applied Micro Circuits Corp. (Nasdaq:AMCC) - WEAK SELL
http://www.bigtimenews.com/sp500/AMCC-Stock-Quotes-News-and-Research.php