SHREVEPORT, La., Jan. 20, 2005 (PRIMEZONE) -- StockPickReport.Com (http://www.stockpickreport.com -- the web's only non-mainstream stock rating service), rates Lucent, McLeodUSA Inc., Wal Mart, Juniper Networks.
STOCKPICKREPORT RATINGS:
Lucent (NYSE:LU) -- STRONG BUY
http://www.stockpickreport.com/abrating.php?sym=LU
McLeodUSA Inc. (Nasdaq:MCLD) -- SELL
http://www.stockpickreport.com/abrating.php?sym=MCLD
Wal Mart (NYSE:WMT) -- SELL
http://www.stockpickreport.com/abrating.php?sym=WMT
Juniper Networks (Nasdaq:JNPR) -- BUY
http://www.stockpickreport.com/abrating.php?sym=JNPR
STOCK COMMENTARY:
Thursday, January 20, 2005
StockPickReport Commentary
Have You Blocked It Out?
Our "bearish" stance of December is well-documented. We "pounded the table" that the market was overbought and ripe for a drop.
(However, on the evening of December 9, 2004, we said, "When we see signs that the market is in a stronger position, you will be shocked at how positive our comments will seem versus the onslaught of 'doom and gloom' from 'mainstream wallstreet.'") We received and replied to folks who complained of our "negative" opinion. You may recall that we published a few for you in our daily commentary.
With Wednesday's "across the board selling", you may be wondering what's next?
Tuesday night we told you we believed there could still be downside to the tune of 3% - 5%. Our best guess is that 1150 would be the "bottom" for the S&P in any continued move lower.
However, it is in periods of a market FALLING that we believe you should be BUYING.
Now, here we are. The market has dropped. Now, let me ask you this: Was it better to buy a month ago, or now?
Since there is obviously no guarantee what will happen, it just makes sense that it is ALWAYS better to buy when stocks are LOWER. And, that sometimes takes guts.
Remember that you want to BUY low and SELL high. As simple as that sounds, it's just the truth.
The worst you can do is LOSE LESS than what "mainstream wallstreet" hoped you'd lose. And, that's a victory in and of itself.
If you have questions or comments, please email don@stockpickreport.com.
For More Commentary Go Here: http://www.stockpickreport.com
WHAT THESE RATINGS MEAN:
StockPickReport.Com ranks stocks with technical analysis. These ratings do not indicate a "long term" view. These ratings reflect an opinion for the short term. These ratings may change based on market conditions.
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If the links to our ratings above do not work, please use these:
Lucent (NYSE:LU) -- STRONG BUY
http://www.bigtimenews.com/sp500/LU-Stock-Quotes-News-and-Research.php
McLeodUSA Inc. (Nasdaq:MCLD) -- SELL
http://www.stockpickreport.com/abrating.php?sym=MCLD
Wal Mart (NYSE:WMT) -- SELL
http://www.bigtimenews.com/sp500/WMT-Stock-Quotes-News-and-Research.php
Juniper Networks (Nasdaq:JNPR) -- BUY