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FOR FURTHER INFORMATION:
Media Sentiment Reports the Sentiment Measurements For July 31, 2006 - August 11, 2006
Approximately 85 Percent of the Analyzed Stocks Moved Up or Down According to the Thumbs Up/Thumbs Down Prediction from Media Sentiment Heads Up
California News Tech (OTC BB:CNTE.OB - News), a leading technology company, today announced the results for the sentiment predictions of the last two weeks of July. Media Sentiment(r) provided near real-time Thumbs Up /Thumbs Down predictions for a total of 223 companies as they released earnings between July 31, 2006 and August 11, 2006, and rated the sentiment behind 44% of the symbols as positive and 56% as negative. During the same period both the Nasdaq and the New York Stock Exchange reflected this negative sentiment prediction. The Nasdaq Composite Index realized about a -1.4% return and the NYSE Composite Index realized about a -1.1% return.
The correlation between Media Sentiment's Heads Up(r) predictions and highs and lows the day each rated company released earnings was approximately 85% for the first two weeks of August. This correlation reflects the move in price between highs or lows, depending on a Thumbs Up or Thumbs Down, during the trading period when each stock released earnings and the stock's closing price during the previous trading period.
During the week, over 33% out of the full set of 223 stocks forecasted moved more than 5% of their price value in the direction of the sentiment indicated by Heads Up. Around 11% of all of the stocks analyzed moved more than 10% of their price in the direction of the sentiment indicated by Heads Up. Of the stocks moving over 10% in a positive direction 83 % were listed on the Nasdaq and 17% were listed on the NYSE.
Media Sentiment Heads Up(r) cumulative results for Q3 2006 (July 1 - August 11):
Since the start of the third financial quarter of 2006, Media Sentiment(r) has reported on a total of 493 symbols, and for 80% of these stocks, Heads Up's recommendations correlated with change in price between previous day close, and the highs and lows for the trading period during which each stock released earnings. Out of all symbols recommended so far for Q3 2006, over 33% moved 5% or more in the direction Media Sentiment(r) predicted.
Stocks Indicating Stronger Sentiment through a Positive Move of 10% or More:
Industrial Goods (Positive Symbols: 1)
H&E Equipment Services, Inc. (NASDAQ:HEES - News), a 11.17% move on
August 10, 2006
Services (Positive Symbols: 2)
Viasys Healthcare Inc. (NYSE:VAS - News), a 10.40% move on
August 8, 2006
Huron Consulting Group Inc. (NASDAQ:HURN - News), a 10.75% move on
August 8, 2006
Basic Materials (Positive Symbols: 2)
Central Garden & Pet Co. (NASDAQ:CENT - News), a 15.69% move on
August 2, 2006
Gulfmark Offshore Inc. (NASDAQ:GMRK - News), a 10.02% move on
July 31, 2006
Technology (Positive Symbols: 1)
Diodes Inc. (NASDAQ:DIOD - News), an 11.67% move on August 2, 2006
Stocks Indicating Stronger Sentiment Through a Negative Move of 10% or More:
Technology (Negative Symbols: 5)
Concurrent Computer Corp. (NASDAQ:CCUR - News), a -20.11% move on
August 11, 2006
Verso Technologies Inc. (NASDAQ:VRSO - News), a -11.70% move on
August 11, 2006
OpenTV Corp. (NASDAQ:OPTV - News), a -11.07% move on August 10, 2006
Cepheid (NASDAQ:CPHD - News), a -25.03% move on August 8, 2006
Per-Se Technologies Inc. (NASDAQ:PSTI - News), a -15.51% move on
August 8, 2006
Consumer Goods (Negative Symbols: 2)
Treehouse Foods Inc. (NYSE:THS - News), a -13.22% move on August 10, 2006
Spatialight Inc. (NASDAQ:HDTV - News), a -11.54% move on August 10, 2006
Services (Negative Symbols: 1)
Worldspace Corporation (NASDAQ:WRSP - News), a -35.56% move on
August 10, 2006
Healthcare (Negative Symbols: 6)
Acusphere Inc. (NASDAQ:ACUS - News), a -22.79% move on August 10, 2006
Oscient Pharmaceuticals Corp. (NASDAQ:OSCI - News), a -17.21% move on
August 8, 2006
Inspire Pharmaceuticals Inc. (NASDAQ:ISPH - News), a -10.79% move on
August 8, 2006
AP Pharma Inc. (NASDAQ:APPA - News), a -15.69% move on August 8, 2006
Praecis Pharmaceuticals Inc. (NASDAQ:PRCS - News), a -14.92% move on
August 4, 2006
Symmetry Medical Inc. (NYSE:SMA - News), a -24.76% move on August 2, 2006
Financial (Negative Symbols: 3)
Fieldstone Investment Corp. (NASDAQ:FICC - News), a -17.40% move on
August 10, 2006
Quanta Capital Holdings Ltd. (NASDAQ:QNTA - News), a -11.63% move on
August 8, 2006
HomeBanc Corp. (NYSE:HMB - News), a -12.20% move on August 7, 2006
Industrial Goods (Negative Symbols: 1)
Comstock Homebuilding Companies Inc. (NASDAQ:CHCI - News), a -27.95%
move on August 7, 2006
If you would like to be added to California News Tech's investor email list please contact Zack Noory with Nexus Investor Relations at znoory@nexusir.com.
About California News Tech
California News Tech's MediaSentiment™ offers a range of services, available at www.mediasentiment.com, which focus on helping online investors make faster and better investment decisions. Serving traders who are interested in fast, reliable investment tools, MediaSentiment™ offers timely and accurate information to help take advantage of market opportunities. MediaSentiment™ consists of a number of indices that measure NYSE and Nasdaq companies' earnings reports and news media coverage as positive, negative or neutral. In particular, MediaSentiment Heads Up™ creates thumbs up / thumbs down recommendations for stocks almost instantly based on the sentiment behind their earnings reports. MediaSentiment's exclusive technology provides users with up-to-the-minute information, vital to investing, and provides a significant edge on other investors on predicting market movements. The speed and comprehensiveness of MediaSentiment Heads Up™ recommendations often best leading financial news sources, giving MediaSentiment™ subscribers a competitive edge up on other traders and allowing them more profitable trading opportunities. For additional information on California News Tech, please visit www.mediasentiment.com.
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