SHREVEPORT, La., May 8, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Level 3 Communications (Nasdaq:LVLT), Wal-Mart Stores Inc (NYSE:WMT), Bema Gold Corp (AMEX:BGO), and DRDGOLD Ltd Adr (Nasdaq:DROOY).
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:
Level 3 Communications (Nasdaq:LVLT) DonHarrold.Net Rating: Buy http://www.stockpickreport.com/abrating.php?sym=LVLT Wal-Mart Stores Inc (NYSE:WMT) DonHarrold.Net Rating: Weak Sell http://www.stockpickreport.com/abrating.php?sym=WMT Bema Gold Corp (AMEX:BGO) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/BGO.php DRDGOLD Ltd Adr (Nasdaq:DROOY) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/DROOY.php
My "Sell" rating is reserved for stocks that meet a specific set of criteria. This rating is not a long-term rating, rather a short-term opinion that does not reflect on the underlying fundamentals of DRDGOLD. If you are a long-term holder of the stock or believe DRDGOLD's fundamentals warrant a "buy rating," understand that my opinion is meant to give traders or investors a look at the stock on a short-term basis and hopefully help them find an entry position at a better price than the close of Friday.
I believe DROOY -- on a technical basis -- is "overbought." To qualify as a "Sell," a stock's Stochastics and Relative Strength indicators must be in classic "overbought" positions. There are more proprietary factors I consider such as how moving averages are crossing and more.
If a stock is rated "Sell," I believe the stock is poised for either a move lower or a cessation of any recent price increases. I like the term "exit point."
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.