SHREVEPORT, La., Dec. 13, 2004 (PRIMEZONE) -- Strike Friday, Inc. announces opinion on EchoStar Communications (Nasdaq:DISH).
"With so much attention on satellite radio recently, many pundits wonder what the future holds for satellite TV titans like, EchoStar" comments Don Harrold, Co-Founder, StockPickReport.
"EchoStar and DirecTV are in a battle for the number one spot atop the roofs of millions of American homes. Fundamentally, it looks like a wash to us. There are reasons to like both EchoStar, and DirecTV. For example, both companies use the internet to market their products at sites like, Satellite-TV. (http://www.satellite-tv.tv)," continues Mr. Harrold.
"That sort of marketing will dominate the future of both companies, we suspect. Again, both EchoStar and DirecTV carry themselves well in that area. Yet, on a technical analysis basis, we think that EchoStar is probably a bit overbought -- especially on a weekly basis," adds Mr. Harrold.
"Investors looking for an entry position for EchoStar could get better prices soon," concludes Mr. Harrold.
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