SOURCE: Stock Traders Daily

June 24, 2005 08:19 ET

Jim Cramer Misses the Sell Signals

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Thomas Kee for Stock Traders Daily.

SAN FRANCISCO, CA -- (MARKET WIRE) -- June 24, 2005 -- Jim Cramer (CNBC Analyst) has been bullish on technology stocks for the past week, and rightfully so, but did he miss the SELL SIGNALS? We think so. The Markets have clearly begun to back off from tests of resistance and they now appear poised for a decline of between 4-5% before they stabilize again. This translates into a 40-point decline in the S&P and a 100-point decline in the NASDAQ. Most companies are not able to increase when the Markets experience these types of declines, not even Motorola (NYSE: MOT), Broadcom (NASDAQ: BRCM), Symantec (NASDAQ: SYMC) and Texas Instruments (NYSE: TXN), his apparent darlings. Although these may be excellent companies, and ones poised to ride a resurging technology wave later in the year, fighting the Markets is pointless. Find out exactly when to enter these stocks by reviewing our trading reports for each company and the Markets now.

Details are available immediately on our Corporate Website:

Thomas Kee, CRD number 2369405.

Stock Traders Daily, CRD number 111906.

Contact Information

  • Contact:
    Stock Traders Daily
    Thomas Kee
    (415) 999-9033