SHREVEPORT, La., April 11, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Sirius Satellite (Nasdaq:SIRI), Corning (NYSE:GLW), Medtronic (NYSE:MDT), and Best Buy (NYSE:BBY).
DonHarrold.net provides unbiased stock ratings from registered investment advisors. DonHarrold.net issues daily market commentary and features a member's area with detailed information on widely held stocks.
Important Stock rating Changes:
Sirius Satellite Radio (Nasdaq:SIRI) -- Sell
http://www.donharrold.net/ratings/US/SIRI.php
Corning (NYSE:GLW) -- Weak Sell
http://www.donharrold.net/ratings/US/GLW.php
Medtronic (NYSE:MDT) -- Buy
http://www.donharrold.net/ratings/US/MDT.php
Best Buy (NYSE:BBY) -- Buy
http://www.donharrold.net/ratings/US/BBY.php
DonHarrold.net Commentary -- April 6, 2006
Speculators Say They Would Trust Jon Stewart More Than Dan Rather With Their Money
Equity markets are one of the most important sources for companies to raise money. That's why I like to make short-term trades because I know that this is where the REAL money is to be made. But, no matter how much money you can make in the market on stocks like Sirius Satellite (Nasdaq:SIRI), I've heard that speculators say they would trust Jon Stewart more than Dan Rather with their money.
Okay that's a bit much. In fact, I'm not sure I'd trust one over the other that's all besides the point. The point is about making money.
But that's not as simple as it sounds. Do you agree that day trading SIRI is simply buying and selling it the same day? Right of course you do, and I like to get in and out quickly because it is just too difficult to stay ahead of the curve without losing money and too difficult to gain money with the way market conditions are going.
It's this whole "in and out" or "churn" that grabs a stock like SIRI and pushes it around til there seems no logical reason for it's movements. Yet, when I look at technical indicators like, MACD, Stochastics, and RSI, I see a clear path. That path, to me, at this moment is, to rate SIRI a "sell."
I don't trust Jon Stewart or Dan Rather with my decisions on stocks like SIRI. I choose technical analysis.
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