SHREVEPORT, La., Sept. 21, 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 Oracle, EMC Corp., Vitesse Semiconductor and Bank of America.
STOCKPICKREPORT RATINGS:
Oracle (Nasdaq:ORCL) -- BUY http://www.stock-letter-daily.com/rating.asp?format=single&ticker=ORCL EMC Corporation (NYSE:EMC) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=EMC Vitesse Semiconductor Corp (Nasdaq:VTSS) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=VTSS Bank Of America Corp. (NYSE:BAC) -- STRONG BUY http://www.stock-letter-daily.com/rating.asp?format=single&ticker=BAC
STOCK COMMENTARY:Before we get to the main topic of today's commentary, we want to point out that we are still, basically, "bearish" on the markets. Remember what we said last Thursday, "From a technical standpoint, the markets are still overbought. RSI, Stochastics, and MACD all indicate MORE downside. We think that's a good thing because it will allow the 'patient' trader to get in at lower prices on some key stocks."
Today's move down brought the S&P to a critical juncture. Our opinion remains that downside pressure exists and stop/losses are more important at this time than targets.
We received an email today that asks this question, "I enjoy reading the commentaries and other reports. However, the ratings you provide seem to be more for short-term trading than long-term investing. How can the reports help me since I am a long-term investor?"
That's a wonderful question. StockPickReport ratings are short-term indicators that provide "buy" or "sell" ratings. These ratings can be used to help find a good time to either enter or exit a position in a stock.
Now, let's say, for example, that you like Cisco Systems (Nasdaq:CSCO) as a "long term" investment. Your "long term" outlook is generally "up". But, you want to know when the best time to buy would be for maximum gains downstream. You could use our rating as a guide.
The same is true if you've held a stock for a while and want to get a feel for when a good time to get out would be. You could use our ratings to help find an "exit". Using the CSCO example, we began with a "sell" rating a couple days ago and the stock is down a point or so. If you wanted a better time to buy, today would have been better than a couple days ago. If you wanted a good time to sell, a couple days ago would have been better than today.
These are just some of the ways that "long term" investors can use our stock ratings. In summary, if you want to find an "entry" or "exit" position on a stock, our ratings can help you with that whether you trade short, or long-term.
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.
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"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:
Oracle (Nasdaq:ORCL) -- BUY http://www.stockpickreport.com/rating.php?sym=ORCL EMC Corporation (NYSE:EMC) -- SELL http://www.stockpickreport.com/rating.php?sym=EMC Vitesse Semiconductor Corp. (Nasdaq:VTSS) -- SELL http://www.stockpickreport.com/rating.php?sym=VTSS Bank Of America Corp. (NYSE:BAC) -- STRONG BUY http://www.stockpickreport.com/rating.php?sym=BAC