SHREVEPORT, La., May 15, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, www.donharrold.net), rates Sirius Satellite Radio (Nasdaq:SIRI), Ciena Corporation (Nasdaq:CIEN), ConocoPhillips (NYSE:COP), and Symantec Corp (Nasdaq:SYMC).
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)
DonHarrold.Net Rating: Weak Sell
www.donharrold.net/ratings/US/SIRI.php
Ciena Corporation (Nasdaq:CIEN)
DonHarrold.Net Rating: Sell
www.donharrold.net/ratings/US/CIEN.php
ConocoPhillips (NYSE:COP)
DonHarrold.Net Rating: Sell
www.donharrold.net/ratings/US/COP.php
Symantec Corp (Nasdaq:SYMC)
DonHarrold.Net Rating: Sell
www.donharrold.net/ratings/US/SYMC.php
If you are a daytrader, Monday could give you a pop. But, it's not Monday I'm looking at right now. It's Tuesday and Wednesday. My point is that the technical indicators are supremely telling right now. There are so many "overbought" stocks that I'm very concerned this top-heavy market will collapse in a way not seen for years. I know you'd like to hear something else. But, my job is not to candy-coat things. My job is to give it you straight.
Whatever you trade in this market, be careful. If you have stocks you just can't bear to sell, at least sell some covered calls (if your account allows you to sell options). Please note this: As "bearish" as I may seem to you now, I will be just as "bullish" when I see the tide turn.
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.