SHREVEPORT, La., March 25, 2005 (PRIMEZONE) -- StockPickReport.Com (IARD #119079, http://www.stockpickreport.com -- the web's only non-mainstream stock rating service), rates Research In Motion Ltd, Genentech Inc., Disney, Broadcom Corporation.
STOCKPICKREPORT RATINGS:
Research In Motion Ltd (Nasdaq:RIMM) -- SELL
http://www.stockpickreport.com/abrating.php?sym=RIMM
Genentech Inc. (NYSE:DNA) -- WEAK BUY
http://www.stockpickreport.com/abrating.php?sym=DNA
Disney (NYSE:DIS) -- SELL
http://www.stockpickreport.com/abrating.php?sym=DIS
Broadcom Corporation (Nasdaq:BRCM) -- STRONG BUY
http://www.stockpickreport.com/abrating.php?sym=BRCM
Friday, March 25, 2005 StockPickReport Commentary Bears in Control Neil Batho, Guest Columnist
I don't know about you but I can't stand the expression, "Hindsight is 20/20." It almost seems like one can use it as an excuse for making bad decisions. I hear it all the time. In fact, aren't the best decisions totally obvious months or years later?
For example, I grew up near the biggest ski resort in North America called Whistler. For those of you who don't know, Whistler will be holding the 2010 Winter Olympics. One could have gotten lakefront property 5 minutes from the lift for preposterously low prices in the 1970's and even in the 1980's. Acres and acres. Now, one lot will cost you $500,000 minimum. You could have profited in the tens of millions over 20 years. All I ever hear about that opportunity is...
"Yeah well, hindsight is 20/20..."
I should have taken profits in 2000... "Yeah well, hindsight is 20/20..."
I should have bought gold when it was in the 200's... "Yeah well, hindsight is 20/20..."
I should have bought oil stocks last year... "Yeah well, hindsight is 20/20..."
It's time to start saying, "Yup, I got into oil last year, where were you? Gold was a bargain in the $200's. I am glad I got in. I bailed out of almost all my stocks in 2000 because the market was insane back then. I am sure glad I bought that lakefront property."
Think about the area you live in. Think about an opportunity to you that just makes a lot of sense. What do all of the good financial opportunities above have in common? They were all unpopular at the time. Think about where you live right now. Is there some lakefront property you can buy that you have a good feeling about? Can you buy a house there and have the rent cover the mortgage? Often, the only regrets we have in life are the risks we don't take. For me, I am looking at buying a house out in the valley near where I live. You see, people are retiring from the city and moving to the country. They can live in a similar house out there and sell the one they are in now in the city. Just by doing that they can put $300,000 in their pocket. With satellite offices, more and more people can move out of the city to work. See if there is somewhere near where you live that fits a description like that.
Now... back to the stock market...
Quote: "A bull market tends to bail you out of all your mistakes. Conversely, bear markets make you PAY for your mistakes." -- Richard Russell (Dow Theory Letters)
In a bull market you can be wrong and get away with it. A rising tide lifts all ships. Not so in a bear market. I am looking back at many recommendations we took profits on over the past few months and so many of them are below the prices we got in at. That's good. Today, 57% of stocks on the NYSE advanced, and 38% declined, and 4% were unchanged. It looked like a good day overall, but don't let little rallies like this fool you. Every single indicator we use shows that the bears have a firm grip on the market. The bears use these little rallies to trick you into buying. The proper course of action is to sell the rallies overall. Not buy the dips.
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If the links to our ratings above do not work, please use these:
Research In Motion Ltd (Nasdaq:RIMM) -- SELL
http://www.stockmonthly.com/RIMM-Stock-Research.php
Genentech Inc. (NYSE:DNA) -- WEAK BUY
http://www.stockmonthly.com/DNA-Stock-Research.php
Disney (NYSE:DIS) -- SELL
http://www.stockmonthly.com/DIS-Stock-Research.php
Broadcom Corporation (Nasdaq:BRCM) -- STRONG BUY