SHREVEPORT, La., Jan. 31, 2005 (PRIMEZONE) -- StockPickReport.Com (http://www.stockpickreport.com -- the web's only non-mainstream stock rating service), rates SPDR Trust, Time Warner Inc., Research In Motion Ltd. and CIENA.
STOCKPICKREPORT RATINGS:
SPDR Trust (AMEX:SPY) -- BUY http://www.stockpickreport.com/abrating.php?sym=SPY Time Warner Inc. (NYSE:TWX) -- STRONG BUY http://www.stockpickreport.com/abrating.php?sym=TWX Research In Motion Ltd (Nasdaq:RIMM) -- BUY http://www.stockpickreport.com/abrating.php?sym=RIMM CIENA (Nasdaq:CIEN) -- STRONG BUY http://www.stockpickreport.com/abrating.php?sym=CIEN Monday, January 31, 2005 StockPickReport Commentary By Don Harrold, Senior Analyst, StockPickReport
Why 1150?
You know, there are times in life when you say two things that seem to disagree. Our recent call for a market move higher, AND our belief that the S&P could hit 1150 are a case in point.
These two concepts are really not mutually exclusive. We believe that, A) the S&P is headed for a rendezvous with 1150. We also believe that each step down is more of a buying opportunity than the day before...
...at least in relation to the OVERBOUGHT nature of the market last month.
Stock buying and selling is a fluid business. There are ups AND downs. If you buy closer to the "downs" than the "ups", you will win.
Since we cannot pick the absolute tops or bottoms of a market, we point to major trends. That's what we did in December. That's what we're doing now.
What is so critical about that 1150 mark is that the market will not just "hang out" at 1150. There will be a move -- and a strong one -- at the point where these two trends meet.
Something's got to give.
The key is this: What will you do at the moment? Where will you be? Long? Short? Out of the market?
Here's a strategy to think about: Why not buy stocks you like, and sell a covered call on them? How about selling some puts on stocks you think have a bit more downside?
If the market dives down through 1150 and you are LONG, and you intend to stay long, the covered calls you sell will give you some protection. If the market does NOT dive down through 1150, you make some "gravy" money on your stocks.
For More Commentary Go Here: http://www.stockpickreport.com
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.
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If the links to our ratings above do not work, please use these:
SPDR Trust (AMEX:SPY) -- BUY http://www.stockpickreport.com/abrating.php?sym=SPY Time Warner Inc. (NYSE:TWX) -- STRONG BUY http://www.bigtimenews.com/russell1000/TWX-Stock-Quotes-News-and- Research.php Research In Motion Ltd. (Nasdaq:RIMM) -- BUY http://www.stockpickreport.com/abrating.php?sym=RIMM CIENA (Nasdaq:CIEN) -- STRONG BUY http://www.bigtimenews.com/russell1000/CIEN-Stock-Quotes-News-and- Research.php
Strike Friday is a registered Investment Advisor with the U.S. Securities Exchange Commission, IARD number 119079.