SHREVEPORT, La., May 24, 2005 (PRIMEZONE) -- StockPickReport.Com (IARD #119079, http://www.stockpickreport.com - the web's only non-mainstream stock rating service), rates Oracle, eBay, Aastrom Biosciences Inc., News Corporation Limited CL A.
STOCKPICKREPORT RATINGS:
Oracle (Nasdaq:ORCL) - WEAK BUY http://www.stockpickreport.com/abrating.php?sym=ORCL eBay (Nasdaq:EBAY) - WEAK BUY http://www.stockpickreport.com/abrating.php?sym=EBAY Aastrom Biosciences Inc. (Nasdaq:ASTM) - WEAK BUY http://www.stockpickreport.com/abrating.php?sym=ASTM News Corporation Limited CL A (NYSE:NWS.A) - BUY http://www.stockpickreport.com/abrating.php?sym=NWS Tuesday, May 24, 2005 StockPickReport Commentary Gold Speculator's Get Ready Neil Batho, Columnist
Once everyone knows something, that's usually the top. About a month ago I wrote about a friend of mine who quit his job at a legal headhunter, often making $30,000 per placement to work in real estate in San Diego. Now, San Diego was already the hottest real estate market in the U.S., with prices doubling in three years. I wrote that if that wasn't a sign of the top of the market, I don't know what is. Now, I heard a quote on CNBC that 23% of homeowners are also "investing" in mortgages. Also, in some cities it costs half as much to rent, as it does to buy, per monthly payment.
People seem to have such short memories. They think that house prices never go down. Well, in the 1980s house prices went down in many parts of the country. People forgot already. Or, they say, "that was in the old days", or, "this is a new era". Yikes. That's one expression you have to be really weary of. A "new era". The thing that is bothering me about this "new era of home building" is that people are just starting to talk about a bubble right now, which means the bubble could still continue for a little longer. Buying real estate now would be akin to buying technology stocks in 1999. You might still be able to make a lot of money, only to sell to a bigger fool right before the crash.
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If the links to our ratings above do not work, please use these:
Oracle (Nasdaq:ORCL) - WEAK BUY http://www.stockmonthly.com/ORCL-Stock-Research.php eBay (Nasdaq:EBAY) - WEAK BUY http://www.stockmonthly.com/EBAY-Stock-Research.php Aastrom Biosciences Inc (Nasdaq:ASTM) - WEAK BUY http://www.stockmonthly.com/ASTM-Stock-Research.htm News Corporation Limited CL A (NYSE:NWS.A) - BUY http://www.stockmonthly.com/NWS.A-Stock-Research.htm