SHREVEPORT, La., April 20, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079) (http://www.donharrold.net) rates Nortel Networks Holding (NYSE:NT), Wal-Mart Stores Inc. (NYSE:WMT), Bristol-Myers Squibb Co. (NYSE:BMY), and Lexar Media Inc. (Nasdaq:LEXR). 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:
Nortel Networks Holding (NYSE:NT) DonHarrold.Net Rating: Sell http://www.stockpickreport.com/abrating.php?sym=NT Wal-Mart Stores Inc. (NYSE:WMT) DonHarrold.Net Rating: Weak Sell http://www.stockpickreport.com/abrating.php?sym=WMT Bristol-Myers Squibb Co. (NYSE:BMY) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/BMY.php Lexar Media Inc. (Nasdaq:LEXR) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/LEXR.php
DonHarrold.net Commentary - April 20, 2006
One thing we'll never do is sail down a river of hope. That's when things start to collapse, and your only trading strategy is, "I hope things turn around." If you are ever caught thinking this about a stock, get out! Forget about the efficient market theory. Remember, it's a theory, unlike a "law" like a law in physics. People won Nobel prizes on the efficient market theory that states you can't beat the market. How do I know? Because I still remember having to study it in University! But what is the MAJOR flaw in this theory? That people are rational. Well let me create my own theory. People are not rational. That's why they climb a wall of worry and sail down a river of hope.
So, we'll never climb a wall of worry, since we're already in the right sectors. We just sit back and watch others climb it. It's quite fun actually. Then, we'll be out and waiting for the next opportunities, as we then watch others sail down a river of hope.
Right now, everyone is scurrying to the wall of worry thinking, "I might miss out!" We certainly didn't miss out, as you can see in your online brokerage account.
It's always great to be ahead of the curve, and I intend to keep it that way.- Neil Batho, Guest Commentator
About DonHarrold.net: DonHarrold.net is a stock research firm. Their daily commentary is regular and distributed worldwide. They are Registered Investment Advisors. They do not accept third-party compensation to make stock suggestions.