Zacks.com Announces That Gregory Spear Highlights the Following

 Stocks: General Motors, Hansen, Sun Hydraulics, and Forward Industries  CHICAGO--(BUSINESS WIRE)--May 12, 2005 Find out why Gregory Spear, editor of The Spear Report Professional Edition newsletter, remains cautious and defensive. Also, read about General Motors (NYSE:GM), Hansen (NASDAQ:HANS), Sun Hydraulics (NASDAQ:SNHY), and Forward Industries (NASDAQ:FORD). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84  Highlights from the May 11th Featured Expert column by Gregory Spear include:  COMMENTARY  The market reversed direction on Tuesday without reaching Gregory Spear and his team's extreme target of S&P 1183, and proceeded to test the 1163 support zone. The good news is that the support held. The bad news is that the market fell on concerns of a potential collapse of one or more large hedge funds who may have been highly leveraged in an aggressive spread trade on General Motors (NYSE:GM). This type of circumstance naturally triggers fears of another Long Term Capital fiasco, which contributed to the sudden 1998 market sell-off. The major brokerages are feeling the heat on this one, but Spear and his team think this will prove to be a tempest in a teapot. Nevertheless, hedge funds, which used to allow only periodic withdrawals, now offer clients a great deal of liquidity, i.e. access to their funds. If a major derivative snafu does occur sometime down the road, and many hedge funds get caught on the wrong side of the trade, it will impact the market dramatically.  If you felt left out of the recent rallies in the Consensus momentum favorites, you may be comforted by the fact that there was a great deal of selling of the good news after both Hansen (NASDAQ:HANS) and Sun Hydraulics (NASDAQ:SNHY) reported fabulous numbers yesterday. That is a change of character for the worse compared to recent market behavior, which has for the most part rewarded earnings strength. If you are an active trader and are playing the gaps generated by earnings news, take your profits quickly. Forward Industries (NASDAQ:FORD) still has a great looking chart, however, and Spear would buy a breakout from the recent trading range.  Because the recent rally has been happening in the context of a weekly downtrend, it must be regarded as an oversold bounce until proven otherwise. A close above the 1183 mark in the S&P 500 will signal that the bull is back. Until then, Spear and his team remain cautious and defensive.  Read Gregory Spear's entire commentary and check his commentaries on a daily basis by clicking: http://at.zacks.com/?id=85  About Zacks Featured Experts  Successful investing requires professional advice from knowledgeable experts who can help investors achieve their financial goals in good markets and improve their portfolios, especially in bad ones. That is why Zacks Investment Research has assembled the best investment experts in the business to offer their powerful advisory newsletters on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc.  Additional recommendations from Zacks.com Featured Experts are highlighted in the free investment newsletter, Profit from the Pros. Each issue highlights several Featured Experts in this free e-mail newsletter. Register for a free subscription to "Profit from the Pros" at: http://at.zacks.com/?id=86  About Zacks  Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. The goal is to unlock these pros' profitable insights for individual investors hard-pressed to find this valuable information in one source. A free subscription to "Profit from the Pros" weekly e-mail newsletter provides the best way to use these experts' insights for more profitable investing. Register now for a free subscription to the Profit from the Pros newsletter at http://at.zacks.com/?id=87  Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.  Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.  CONTACT: Zacks.com Alex Kolb, 312-630-9880 x149 myzacks@zacks.com www.Zacks.com    
Press spacebar to pause and continue. Press esc to stop.