BOSTON, Jan. 6, 2004 (PRIMEZONE) -- The pmcw Report (http://www.pmcwreport.net/) is proud to announce that its model portfolio's equity positions returned an impressive 217% in 2003, well outdistancing the Nasdaq's 50% gain.
Since its September 9, 2002 inception, the report's equity portfolio has returned a staggering 291%, well outdistancing the Nasdaq's 53% gain.
The site's co-founder, Paul McWilliams, a semiconductor veteran of over twenty years, isn't surprised by his model portfolio's big gains. "Last fall, we saw some great opportunities to load up on shares of our focus stocks. We've been calling for a turn in semiconductor issues for over a year, giving our readers the ability to profit ahead of the recent surge in share prices. More recently we predicted the December Dip and called for a strong start to 2004."
Looking back, McWilliams takes pride in correctly calling the strength in the digital multimedia arena. To capitalize on the opportunities in the space, he advised readers of his report to buy Harmonic (Nasdaq:HLIT) when it was trading as low as $1.07 in October 2002. Later, as it became clear the multimedia wars would soon build momentum, he urged members to buy more at $3.50 and again at $5.50. He currently sits on shares at an average gain of nearly 600%. Most recently he has called the company an "attractive long-term buy under $8."
He also believes that the VoIP area will provide for profitable investments in 2004. While McWilliams has previously commented on many players who may stand to benefit, he has recently added shares of Packeteer (Nasdaq:PKTR) to his model portfolio.
Specialty semiconductor maker Xicor (Nasdaq:XICO) is one of his favorite investments for 2004. He currently sits on shares with an average gain of nearly 250% in his model portfolio. He believes the company's extensive product line including their analog-front-end chips will lead to substantial revenue growth in the year to come. Short-term he believes Monday's close with the ten-day simple moving average cleanly crossing the twenty-day average on higher-than-normal volume is a bullish indicator.
McWilliams points out that he didn't call everything correctly, "We traded Analog Devices (NYSE:ADI) successfully for a near 70% in less than six months, but could have held on for additional profits." He believes the company could have a stronger quarter than most think based on stronger-than-expected cell phone and DSP sales.
In general McWilliams has a positive but cautious outlook for 2004, "All indications point towards 2004 being a very strong year in the semiconductor space, but feel some of this news is already built into the prices of many semiconductor stocks."
When asked what readers of his report should expect in 2004 he responded, "We can't stay ahead by following the pack; we will continue to leverage our extensive network of contacts and field research to uncover ideas before they are broadly known or understood by the investing public.''
With the blistering start to the Nasdaq and pmcw Portfolio in 2004, the year ahead looks to be anything but boring.
Those interested in reading his detailed reports about the above companies and portfolio recommendations can sign up for a free thirty-day trial to his service: http://www.pmcwreport.net/join.php3?refer=PZ16
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. Members enjoy daily postings, economic updates and a model portfolio.
To learn more please visit: http://www.pmcwreport.net/join.php3?refer=PZ16