This market still has legs, albeit a bit wobbly

Baltimore, Maryland (PRWEB) February 25, 2004 -- Ongoing studies by richSOB.com continue to suggest a strong upward bias of reasonable breadth in selected areas of the stock market in the period ahead.

Baltimore, MD (PRWEB) February 27, 2004 -- Ongoing studies by richSOB.com consistently suggest a strong upward bias of reasonable breadth in selected areas of the stock market in the period ahead.

It is also clear that the likelihood of significant moves will continue to be tempered from the pace of gains realized in 2003. These gains will not be evenly distributed across the market, placing a premium on careful stock selection. At this juncture, the odds favor substantial gains in selected issues, tending toward lower-priced stocks with focuses in the technology and healthcare/biotechnology sectors. More and more, the market seems to favor a trading strategy to nail down profits quickly, since the strong gyrations places any gains at risk. This volatility shows no signs of abating.

Based on this view for the period ahead, a nimble posture, a measure of patience, taking advantage of selloffs to build positions, using strong rallies to reduce exposure, careful limits to leverage employed... all seem prudent elements of a successful investment posture

Some names that currently show up as holding attractive prospects are Zix, C-Cor.Net, Zoom Technologies, T T R Technologies, Xybernaut, Vocaltec Communications, Netopia, Faro Technologies, Chromavision Medical Systems, Nortel Inversora ADR, Ibasis, and Ubiquitel. Elsewhere, AK Steel Holding, IMC Global, Major Automotive and Synthetech are well-regarded. Among comsumer cyclicals, Guess?; in non-cyclicals, Parlux Fragrances. In Healthcare and Biotechnology, Cygnus, V I Technologies, and Genelabs Technology all appear poised to do well.

Several issues which recent studies suggest avoiding are Sorrento Network, Hibernia Foods, and Bay View Capital. The likelihood of a 10% decline in the stock price of Sears, Men's Wearhouse, Restoration Hardware, Huffy, and Diametrics Medical is judged to be particularly high.

Some of these issues trade at low prices and in thin volume.

This market gives every sign of having a long way to go before it runs out of steam. Just as many commentators rushed to catch up with last year's gains, a not quite so grand replay may be in store again this year. Don't hang up your sneakers yet. Be agile, and be very selective.

richSOB.com and its officers have no interest in any of the foregoing companies. All such studies examining future prospects of companies are inevitably uncertain. No investment advise, suitability or appropriateness is implied. Use these comments as a starting point for additional research. Consult your investment advisor.

For additional information, contact chiefSOB@richSOB.com.

About richSOB.com and richDOB.com

These web sites were inaugurated following almost two decades of a major analytical development effort by David Turetsky in pursuit of a proprietary quantitative model to facilitate improved investment decision-making. Long before the headlines brought disquieting news about manipulated earnings, dubious research, and shady practices, Mr Turetsky set out to bring the discipline of quantitative decision-making and the power of modern computers to bear on the task of making investment judgments in murky circumstances with imperfect and necessarily incomplete information. Mr Turetsky's background in the financial services industry goes back over 25 years. His pioneering work with computers reaches back to the mid-1960s. He has degrees in Computer Science and Quantitative decision-making.

Contact Information:
David Turetsky, chiefSOB
richSOB.com/richDOB.com
410-499-7614
http://www.richSOB.com "Power to the Investor"
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