SHREVEPORT, La., April 20, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Micron Technology Inc (NYSE:MU), Nokia Corp Ads (NYSE:NOK), XM Satellite Radio Hldgs (Nasdaq:XMSR), and Staples Inc (Nasdaq:SPLS).
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:
Micron Technology Inc (NYSE:MU)
DonHarrold.Net Rating: Sell
http://www.stockpickreport.com/abrating.php?sym=MU
Nokia Corp Ads (NYSE:NOK)
DonHarrold.Net Rating: Buy
http://www.donharrold.net/ratings/US/NOK.php
XM Satellite Radio Hldgs (Nasdaq:XMSR)
DonHarrold.Net Rating: Sell
http://www.stockpickreport.com/abrating.php?sym=XMSR
Staples Inc (Nasdaq:SPLS)
DonHarrold.Net Rating: Sell
http://www.donharrold.net/ratings/US/SPLS.php
DonHarrold.net Commentary -- April 20, 2006
Today, I was asked, "Are you always bearish?"
I am neither bearish nor bullish. At least not in the way Wall Street defines those terms. I look at the charts and let the charts guide my market commentary.
On a technical level the markets are overbought on a daily, weekly, and monthly basis. When those indicators begin to turn around you will see my commentary become very "bullish".
That will be the time I get an email from someone saying, "Are you always bullish?"
Although I believe the market is generally "overbought", I do publish a list of "Oversold" or "Strong Buy" stocks each night. Not too many of those lately, but you can get your list by joining my "Oversold and Overlooked" stock list at:
http://www.1shoppingcart.com/app/javanof.asp?MerchantID=63190&ProductID=2775572
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.