SHREVEPORT, La., Feb. 22, 2005 (PRIMEZONE) -- StockPickReport.Com (IARD #119079, http://www.stockpickreport.com - the web's only non-mainstream stock rating service), rates Sun Microsystems, Siebel Systems Inc., Vitesse Semiconductor Corp., Wal Mart.
STOCKPICKREPORT RATINGS:
Sun Microsystems (Nasdaq:SUNW) - SELL
http://www.stockpickreport.com/abrating.php?sym=SUNW
Siebel Systems Inc. (Nasdaq:SEBL) - BUY
http://www.stockpickreport.com/abrating.php?sym=SEBL
Vitesse Semiconductor Corp. (Nasdaq:VTSS) - SELL
http://www.stockpickreport.com/abrating.php?sym=VTSS
Wal Mart (NYSE:WMT) - BUY
http://www.stockpickreport.com/abrating.php?sym=WMT
Tuesday, February 22, 2005 StockPickReport Commentary "Where Were We?"
You may recall we concluded our commentary last Friday with, "We think it's time to shore up stop/losses and not try to fight the market." If you look at a yearly chart for the S&P we think you can see clear evidence of what we're talking about. Stochastics and RSI both show the market is overbought.
The market has three things that tell us you'll get great buying opportunities before it's all said and done:
1. Taxes are coming due. The market generally sells off into them.
2. The market is at multi-year highs. It was better to buy
three years ago. It's better to sell at market highs.
3. Technical indicators like RSI and Stochastics signal
pressure to the downside.
At the end of November we thought the market would drop. It went up. Then it went down. Sharply down. The market eventually settled down below where we began to stress caution.
Here we are again asking for some "short" love. If you want ways to make money in this market, we think they can be found these ways:
1. Sell covered calls on stock you own. 2. Sell puts on stock you'd like to own at cheaper prices. 3. Sell short stocks you think have run up sharply. 4. Sell positions in stocks you have profits in.
A trader once said something to me that I found funny at the time. He said, "Don, you can't lose money making money."
Touche, I say. If you are skittish about the whole "shorting" idea, options, or even the CONCEPT that your stocks might go down. We recommend you do these three things:
1. Buy a copy of Martin Pring's amazing book, "Technical
Analysis Explained".
2. Buy a copy of Thomas McCafferty's wonderful, "All
About Options".
3. Watch the movie "Rounders".
Here are three stocks we think have more downside than upside:
1. Apple Computer (Nasdaq:AAPL) 2. Applied Materials (Nasdaq:AMAT) 3. Lam Research (Nasdaq:LRCX)
"Slow On The Uptake"
I apologize to anyone who sent an email to me in the last few weeks. I probably did not get to it. My family has been ill and I've been running around like the proverbial "chicken". I will do my best to get to every email sent to us in the last few weeks.
My sincerest apologies for what may have seemed like nonchalance.
If you have questions or comments, please email don@stockpickreport.com.
For More Commentary Go Here: http://www.stockpickreport.com
All commentary written by Don Harrold, Senior Analyst.
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:
StockPickReport.Com is a stock research firm. Their daily commentary is regular and distributed worldwide. They are Registered Investment Advisors. They do not accept third-party compensation to make stock suggestions.
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:
Sun Microsystems (Nasdaq:SUNW) - SELL
http://www.bigtimenews.com/russell1000/SUNW-Stock-Quotes-News-and-Research.php
Siebel Systems Inc. (Nasdaq:SEBL) - BUY
http://www.bigtimenews.com/russell1000/SEBL-Stock-Quotes-News-and-Research.php
Vitesse Semiconductor Corp. (Nasdaq:VTSS) - SELL
http://www.bigtimenews.com/russell1000/VTSS-Stock-Quotes-News-and-Research.php
Wal Mart (NYSE:WMT) - BUY
http://www.bigtimenews.com/russell1000/WMT-Stock-Quotes-News-and-Research.php