SHREVEPORT, La., April 11, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Advanced Micro Devices (NYSE:AMD), 3Com (Nasdaq:COMS), CMGI (Nasdaq:CMGI), and On Semiconductor.
DonHarrold.net provides unbiased stock ratings from registered investment advisors. DonHarrold.net issues daily market commentary and features a member's area with detailed information on widely held stocks.
Important Stock Rating Changes:
Advanced Micro Devices (NYSE:AMD) -- Buy
http://www.donharrold.net/ratings/US/AMD.php
3Com (Nasdaq:COMS) -- Weak Buy
http://www.donharrold.net/ratings/US/COMS.php
CMGI (Nasdaq:CMGI) -- Weak Buy
http://www.donharrold.net/ratings/US/CMGI.php
On Semiconductor (Nasdaq:ONNN) -- Sell
http://www.donharrold.net/ratings/US/ONNN.php
DonHarrold.net Commentary -- April 06, 2006
The other day a guy I know said, "Day trading is too risky, but the options market is, 'as serene as a produce market'."
But, I'll tell you what, if you want "risk", look no further than trading options on CMGI (Nasdaq:CMGI). One analyst said recently, "Daytrading used to be profitable when they used the fraction system (because the spread was large due to fractional trading)." But, let me ask you this, do you agree? Was it really so profitable?
Subsequently, option trading is an ongoing educational experience. Yes, there is risk. But, the rewards for a stock like CMGI could be nice. Here's a stock that is priced like an option. (Yeah, I know you can't trade options on a $1.50 stock...)
So, in effect, a trade on CMGI is like a trade on an option. At these levels any upswing will be a high-percent gain. Yet, unlike an option play, CMGI does not have the "time value" associated with it as a similarly priced option.
My current rating on CMGI is "Weak Buy", but if the market turns higher, look out above!