SHREVEPORT, La., May 23, 2005 (PRIMEZONE) -- StockPickReport.Com (IARD #119079, http://www.stockpickreport.com -- the web's only non-mainstream stock rating service), rates Apple Computer Inc., Able Laboratories Inc., Nextel Communications Inc. and Calpine.
STOCKPICKREPORT RATINGS: Apple Computer Inc (Nasdaq:AAPL) -- BUY http://www.stockpickreport.com/abrating.php?sym=AAPL Able Laboratories Inc (Nasdaq:ABRX) -- SELL http://www.stockpickreport.com/abrating.php?sym=ABRX Nextel Communications Inc (Nasdaq:NXTL) -- BUY http://www.stockpickreport.com/abrating.php?sym=NXTL Calpine (NYSE:CPN) -- BUY http://www.stockpickreport.com/abrating.php?sym=CPN Monday, May 23, 2005 StockPickReport Commentary Rising U.S. Dollar Offers Profit Potential Neil Batho, Columnist
Today let's talk about the U.S. dollar. Everywhere you've been hearing it. The dollar is going to crash! Buffett and Gates have huge short positions in the U.S. dollar. Massive trade deficits. Massive budget deficits. Government spending is out of control! The problem with all of this is...everyone knows it. And you, being the individual investor, are always the last to know. And as you know, when you're the last to know something, then the strategic value of the information is useless, isn't it? Therefore, you have only one choice. Take the opposite action that would normally be anticipated from this information.
In 2000, a U.S. dollar could buy you 1.21 Euros. At the end of 2004 a U.S. dollar could buy you 0.73 Euros. The crash already happened! Now, it can buy you 0.79 Euros. Notice the bounce from the bottom?
For the last several years the Federal Reserve has been reducing rates like crazy. So, who would want the U.S. dollar? ING Direct had commercials saying how great it was to get 2% interest. 2%! Well, money market yields are now at about 3%. Finally, one can get a bit of interest just by having cash in money market accounts.
Now you may be saying, hey that's all great but all my money is in U.S. dollars and I buy goods in the U.S. anyway so who cares? Well, we do, and we want you to profit from a stronger U.S. dollar. There is one way to play it and this fund matches the performance of the U.S. dollar:
https://www.profunds.com/profiles/profile.asp?id=131
We've been saying for months we don't like the market and we still really don't, since falling oil prices are the only catalyst keeping it going. However, we do not anticipate oil falling below $45/barrel as this is where the trendline lies. That's only a few dollars away.
Some newsletters will just keep saying how they don't like the market and to stay in cash. Is that the best idea they can come up with? Heck, let's be a little more strategic than that. We offered up RYTPX, CEI, and SU alongside our trading ideas.
Now we're saying if you are holding cash, then put a fair amount into the Rising U.S. Dollar ProFund: RDPIX. We aren't saying that we'll be holding this for years and years, but for now, and probably for the next 12 months or more, this will be a great place to be.
To read more take a look here: https://www.profunds.com/profiles/profile.asp?id=131
Don't expect to hit one out of the park, but a return of 20% in 12 months sure isn't out of the question. Just buy it. You'll be glad you did.
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Apple Computer Inc. (Nasdaq:AAPL) -- BUY http://www.stockmonthly.com/AAPL-Stock-Research.php Able Laboratories Inc (Nasdaq:ABRX) -- SELL http://www.stockmonthly.com/ABRX-Stock-Research.htm Nextel Communications Inc (Nasdaq:NXTL) -- BUY http://www.stockmonthly.com/NXTL-Stock-Research.php Calpine (NYSE:CPN) -- BUY http://www.stockmonthly.com/CPN-Stock-Research.htm