BOSTON, Oct. 28, 2003 (PRIMEZONE) -- Readers of Paul McWilliams' pmcw Report (http://www.pmcwreport.net/) have become accustomed to the author's somewhat bold predictions. During the last week of September, as the "September Swoon" hit the market, McWilliams suggested that members of his service buy on the weakness. Following this bullish call, McWilliams turned bearish. On October 15, just before the Nasdaq hit its 52-week high, he said it was "A good time for traders to lessen their allocations in the equity market," specifically in the technology and semiconductor sectors.
He believed that, "A successful fourth quarter was pretty well priced into the market, leaving stocks with minimal upside potential and therefore more vulnerable to taking a slip."
Following the earnings reports of Intel (Nasdaq:INTC) and Linear Technology (Nasdaq:LLTC) he made specific suggestions prior to the share prices of both dropping:
-- "Traders might consider selling Linear Technology if we see something above $43 and then hope they can buy back in the mid $30s."
-- "Traders might do very well exiting Intel in the low $30's and looking for an opportunity to replace their position at a potentially lower price in December."
As one of the members to his service recently pointed out, "it takes far more than luck to provide a near 300%+ return, 35 trades and investment ideas that have produced gains greater than 100% and not a single suggestion that lost money."
With nearly 40 years of investing experience and 20 years working with great tech companies such as Altera (Nasdaq:ALTR), Cypress (NYSE:CY) and Linear Technology, McWilliams knows the good times don't roll forever and the price of many stocks is already reflecting way too much of what's to come. However, he reminds us, "If you know where to look, there are still plenty of great investments today. Our goal is to help our members understand what is happening and find the undiscovered companies that will outperform the market."
Recently he has been buying shares of a small-cap semiconductor company that he thinks is poised for an explosive 2004.
He recently advised his readers that they hold some "dry powder" and wait for potential buying opportunities in December. He also provided some advice for more conservative investors, "I even think conservative investors with a heavy equity exposure should consider lowering their equity exposure, holding some extra cash for awhile and evaluating the merit of moving some of their money to TIPS (Treasury Inflation Protected Securities) during the coming quarters."
McWilliams has commented in detail on many earnings reports including: Intersil (Nasdaq:ISIL), Xicor (Nasdaq:XICO), Harmonic (Nasdaq:HLIT) among others. He also debunked some of the media myths spread about falling liquidity.
He has also written numerous reports on the exploding broadband multimedia revolution including such companies as: Scientific Atlanta (NYSE:SFA) and SeaChange (Nasdaq:SEAC).
Readers can review his complete earnings commentary and learn about his favorite semiconductor companies and investment ideas by signing up for a 30-day free trial: http://www.pmcwreport.net/join.php3?refer=PZ2
About the pmcw Report:
The pmcw Report is a subscription financial newsletter managed by semiconductor veteran Paul McWilliams and Raging Bull co-founder Rusty Szurek. McWilliams was named to SmartMoney's list of Most Influential People in Investing, alongside such greats as Warren Buffett and Alan Greenspan.
Members enjoy daily postings, economic updates and model portfolio and receive email updates of their latest commentary.
For more information or to sign up for a 30-day free trial, please visit: http://www.pmcwreport.net/join.php3?refer=PZ2