SHREVEPORT, La., March 6, 2006 (PRIMEZONE) -- StockPickReport.Com (IARD No. 119079, http://www.stockpickreport.com) issues the following stock ratings changes in Amgen (Nasdaq:AMGN), Transocean (NYSE:RIG), Texas Instruments (NYSE:TXN) and Johnson & Johnson (NYSE:JNJ).
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Important stock rating changes for March 6, 2006:
Amgen Inc. (Nasdaq:AMGN) -- BUY
http://www.stockpickreport.com/abrating.php?sym=AMGN
Transocean Inc. (NYSE:RIG) -- BUY
http://www.stockpickreport.com/abrating.php?sym=RIG
Texas Instruments Inc. (NYSE:TXN) -- BUY
http://www.stockpickreport.com/abrating.php?sym=TXN
Johnson & Johnson (NYSE:JNJ) -- SELL
http://www.stockpickreport.com/abrating.php?sym=JNJ
StockPickReport Commentary -- March 6, 2006
Well, I'm back. That was the longest I have been away from the market in a few years. It was two weeks. Glad to see that NVAX performed well, and we took some nice profits there of about 32%, and also that Don has been giving the great commentary and picks as well.
Now that I am doing my usual research, not a lot has changed. Stocks are generally meandering at an overbought level, and oil really doesn't have a fantastic trend in place, although we definitely are awaiting the return of the clear trend.
Also, I came across some old stocks we have traded before well below where we took profits. Namely CRR, which we traded profitably twice, and FST traded profitably once. Both oil stocks. There used to be an old saying around my brokerage office, "No one ever got hurt taking a profit." True, however all stocks are different, and the market is different all the time. On CRR and FST, our goals were in the 10% range per trade, yet on NVAX it was much more. It just depends on how big the stock is (market cap) as well as the overall trend. NVAX moved from $5 to $6 in only about 2 days, a move of 20%, although we had been in for weeks beforehand. No one can anticipate exactly when the move can come; we just make sure we are in close to the move. Sometimes is is only a day. Sometimes a week or two.
We take opportunity where we can. Sometimes we take it and get a lot, and sometimes we get a bit less. That is how we manage the trades and keep cranking out the picks for you. -- Neil Batho, StockPickReport Analyst
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