StockTalkReport.com Announces Investment Opinion on CDWC, WCOM, DO, PCS, MDT and CIEN.

Stock-picking website StockTalkReport.com (http://www.stocktalkreport.com) issues new ratings on CDWC (Sell), WCOM (Strong Buy), DO (Buy), PCS (Strong Buy), MDT (Strong Sell) and CIEN (Strong Buy).

1) CDWC, (PRWEB) February 28, 2002 - Short, Sell. The bottom is dropping out from under this computer retailer. It lost about 6% in the last two sessions. Company officers have been dumping their shares (about 55,000 in late January). Also, on Jan. 23, company officials said earnings for the current quarter would be between 3 and 7 cents a share lower than expectations. CDWC is only 19% off its 52-week high, so theres some room to run downhill. Short-term price target: $41.25 (14% gain). Stop loss: $53 (10% loss).

2) WCOM (Worldcom Inc.-Worldcom Group, Communications Services) -- Long, Strong Buy. After more than a month of selling that has sheared WCOMs share price in half, the stock seems to have found a bottom in the $6.20- $7.00 range and flashed a nice set of buy indicators late last week. WCOM is extremely oversold. The slaughter that has taken place in the sector has driven many of these companys stock prices to bargain levels based on emotional and fear-driven selling. As the weak hands are shaken out, a new wave of buyers is emerging looking for bargains, and we believe WCOM to be one of these exceptional opportunities. With an improving MACD and a stochastic line that has turned from the bottom, a P/E that is under 15, a book value of more than double its current trading price, and recent positive news of a cash and share infusion from News Corp, we see the opportunity in WCOM as exceptional with the potential of short-term double. Target Price: $11.50 (+62.2%). Stop Loss: $6.00 (-15.4%)

3) DO, (Diamond Offshore, Oil Services) - Long, Buy. A market leader in a hot sector. The stock has had a choppy run over the last month, but it crossed above both its 13-day and 50-day trend lines on Feb. 21; the next session, it rocketed higher on strong volume. Its pricier than the other drillers, but still undervalued in our opinion (nearly 50% off its 52-week high). It will also benefit from Pres. Bushs continued calls to step up production. Short-term price target: $31.25 (8% gain). Stop loss: $25.50 (12% loss).

4) PCS, (Sprint Corp- PCS Group, Communications Services) -- Long, Strong Buy. Studying the chart on PCS is like looking at a mirror image of WCOM over the last month. We believe the sector is extremely oversold, and is destined to be one of the strongest performers in the months to come. Looking for leaders in this sector, we see standouts such as Sprint and Worldcom that are likely to undergo strong reversals in coming days. PCS , like WCOM, finished Fridays session near its intraday high with strong buy volume and showed a nice reversal signal on its OHLC chart. With a 13 day EMA of 10.27 and a 50 day EMA of 17.71, PCS has solid upside reward and very little downside risk at this level barring any general overall market break downward. A sizeable short interest in PCS also sets up the possibility of a squeeze if its Friday trend continues as the stock is trading near its all-time low since inception in 1999. Target Price: $14.10 (+70.9%). Stop Loss: $7.10 (-13.9%)

5) MDT,(Medtronic, Medical Equipment) - Short, Strong Sell. Ridiculously overvalued healthcare stock. Lets start with the P/E of 67.04, more than double the average of the S&P 500 (which was 28.07, as of Jan. 31). And things have started falling apart - take the 189% volume increase on Fridays (2/22) fairly steep (3%) selloff. Short-term price target: $38 (17% gain). Stop loss: $41.25 (10% loss).

6) CIEN, (Ciena Corp., Communications Equipment) -- Long, Strong Buy. CIENA is another company whose stock has been battered of late on poor earnings news and an aquisition announcement of optical equipment maker ONIS. Trading near its five-year low, we see CIEN as a bargain at these prices and as an excellent buying opportunity for an investor with patience. We believe CIEN will form support at this level and begin trending up. Again, we see the risk/reward here as excellent with a stochastic and an RSI indicating a deeply oversold condition. Target Price: $10.20 (+34.1%) Stop