SHREVEPORT, La., Oct. 15, 2004 (PRIMEZONE) -- Stock-Letter-Daily.Com (http://www.stock-letter-daily.com -- an affiliate site of StockPickReport, the web's only non-mainstream stock rating service), rates Microsoft, Juniper Networks and Comcast Holdings Corp CL A.
STOCKPICKREPORT RATINGS:
Microsoft (Nasdaq:MSFT) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=MSFT
Agere Systems (NYSE:AGRA) -- BUY http://www.stock-letter-daily.com/rating.asp?format=single&ticker=AGRA
Juniper Networks (Nasdaq:JNPR) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=JNPR
Comcast Holdings Corp CL A (Nasdaq:CMCSA) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=CMCSA
STOCK COMMENTARY:
Friday, October 15, 2004 StockPickReport Commentary
"A Stock to Watch"
The markets are soft now, obviously. But, as we pointed out Wednesday evening the market is literally right in the middle of an uptrending trade-range that's 17 years old. So, yeah, there is short-term weakness but the market has a ways to go before we think the "bear" market is back.
In that spirit, check out Ryanair Holdings (Nasdaq:RYAAY). The stock is down about 33% since mid-summer, but notice the way the stock price has sort of evened-out a bit after the nasty fall. Now, big price swings are common for RYAAY, and we expect more of the same. It would not surprise us to see a move back to $30 from the current price of $26.60.
Please, if you trade RYAAY, use the recent lows as a guide for your stop/loss. A drop below those levels would be sharp, we think. RYAAY is the type of stock we alluded to Wednesday night. The stock has been hammered, but the upside (based on Stochastics, RSI, and MACD), looks promising.
Oh, one more thing. You now can check out SECTOR RATINGS in your members only site. Now, we rank every major sector by the percent of stocks in that sector rated "Buy" or better. Check it out. We think you'll like it.
As for today's action: Look, oil prices still climbing, jobs numbers still dropping, election on the way. This will ALL "shake out". The technical indicators we follow are heading towards an "oversold" area. We'll let you know the moment we see a sign of an upswing.
But, for now, we say, "Stay focused on conserving capital." In a down market, "saving money" is the same as "making money" in an up market!
See you tomorrow!
For More Commentary Go Here: http://www.stock-letter-daily.com/index.htm
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.
ABOUT STOCKPICKREPORT.COM:
StockPickReport.Com is a stock research firm. Their daily commentary is regular and distributed worldwide. They are Registered Investment Advisors. They do not accept third-party compensation to make stock suggestions.
THEIR DISCLAIMER:
"Our analysis is issued solely for informational purposes. We do not offer to sell or buy any stock. This report does not regard your specific investment objectives, financial situation or particular needs. Our information is based on sources we believe are reliable but are not guaranteed by us as being accurate. We do not purport to offer a complete statement or summary of the available data. Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. Reproduction without written permission is prohibited."
"Strike Friday, Inc., or its owners, or employees, may own short or long positions in stock, or options on stock."
"SPR does NOT receive compensation for stock suggestions to our members (other than regular member fees). We do not get paid cash, stock, property (etc) to "profile" a stock to our members. Our opinions are based on RESEARCH ALONE."
"SPR does NOT guarantee any stock will go up OR down. Information published by SPR or emailed to members is opinion, and opinion only. We believe our information is good, accurate, and helpful. Traders should (in our opinion) make "buy" or "sell" decisions based on variables including (but certainly not limited to!), experience, portfolio size, risk-tolerance, and current market conditions -- none of which we can determine."
StockPickReport also offers a proprietary stock-picking software suite. Interested investors should visit http://www.stock-letter-daily.com/software.htm for more details.
If the links to our ratings above do not work, please use these:
Microsoft (Nasdaq:MSFT) -- SELL http://www.stockpickreport.com/rating.php?sym=MSFT
Agere Systems (NYSE:AGRA) -- BUY http://www.stockpickreport.com/rating.php?sym=AGRA
Juniper Networks (Nasdaq:JNPR) -- SELL http://www.stockpickreport.com/rating.php?sym=JNPR
Comcast Holdings Corp CL A (Nasdaq:CMCSA) -- SELL http://www.stockpickreport.com/rating.php?sym=CMCSA