SHREVEPORT, La., March 16, 2005 (PRIMEZONE) -- The following is an investment opinion issued by StockPickReport:
StockPickReport.Com (IARD No. 119079) (http://www.stockpickreport.com - the web's only non-mainstream stock rating service) rates Pfizer Inc., Symantec Corp., Taiwan Semiconductor Mfg. Co. Ltd., Liberty Media Corporation CL A
STOCKPICKREPORT RATINGS:
Pfizer Inc (NYSE:PFE) - SELL http://www.stockpickreport.com/abrating.php?sym=PFE Symantec Corp (NASDAQ:SYMC) - BUY http://www.stockpickreport.com/abrating.php?sym=SYMC Taiwan Semiconductor Mfg Co Ltd (NYSE:TSM) - SELL http://www.stockpickreport.com/abrating.php?sym=TSM Liberty Media Corporation CL A (NYSE:L) - BUY http://www.stockpickreport.com/abrating.php?sym=L
Wednesday, March 16, 2005
StockPickReport Commentary
Return of the VIX
Today's major headline: "Ex-WorldCom Chief Ebbers Convicted of Fraud". What amazes me is that this CEO bought stock all the way down.... he should have been a subscriber to StockPickReport where we certainly would have told him not to do so with the technicals looking so bad.... where do these CEO's come from anyway?
Oh well.
Last week we also wrote about the IPO, ISE Options going public. The IPO that we compared it to, CME, the Chicago Mercantile Exchange bottomed out about 10 days after it IPO'd. We'll look for the same type of move for ISE. 5 more days to go. Hopefully we can get in around the low to mid 20's. That should be one to hold for many years.
How does one get rich in the market? The ONLY way is to have at least a few BIG HOME RUNS. I am talking gains of 200% - 300% or more on a single stock. That can take a few months or years of holding sometimes, but that's how you do it. So, we'll look to pick up ISE soon and see if ISE can do just that for us.
Also...
On March 06, 2005 we wrote you a daily commentary about the VIX indicator. I have also added it below today's commentary. It's worth bringing up again because the VIX was so low a few weeks ago and has started to trend back up. Take a look at the 5 day chart here vs. the S&P 500 index.
http://finance.yahoo.com/q/bc?t=5d&s=%5EVIX&l=on&z=m&q=l&c=spy You can see the inverse relationship. This is telling me that now ISN'T the time to be a hero in the market. Go low beta. Consider yesterday's recommendations to "park" some money for a while. Now is the time to "sell the rallies" not "buy the dips". I would buy stocks listed on the NYSE rather than NASDAQ at this point. We have an overweight recommendation on CEI as of today. (See yesterday's commentary).
When the VIX trends back up, you can buy some insurance on your stocks in the form of protective puts. If you REALLY want to hold some stocks, but some puts on them and go out about 3-6 months. Buy puts a few dollars higher than your stock is at. Chances are, should the stock go down, your put will go up and you can get a profit on your put. Even if the stock stays strong and the VIX goes up, your put should increase in value.
Gold is also holding steady at $440/ounce. We recommended it at $420/ounce under symbol "GLD" That's also a great place to "park" some money for a while and have it ready to strike on a market rebound.
If you have questions or comments, please email info@stockpickreport.com
For More Commentary Go Here: http://www.stockpickreport.com
All commentary written by StockPickReport staff or contracted writers and analysts.
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.
StockPickReport also offers a propietary stock-picking software suite. Interested investors should visit http://www.stockpickreport.com/article.php for more details.
If the links to our ratings above do not work, please use these:
Pfizer Inc (NYSE:PFE) - SELL http://www.stockmonthly.com/PFE-Stock-Research.php
Symantec Corp (NASDAQ:SYMC) - BUY http://www.stockmonthly.com/SYMC-Stock-Research.php
Taiwan Semiconductor Mfg Co Ltd (NYSE:TSM) - SELL http://www.stockmonthly.com/TSM-Stock-Research.php
Liberty Media Corporation CL A (NYSE:L) - BUY http://www.stockmonthly.com/L-Stock-Research.php