SHREVEPORT, La., May 30, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates Level 3 Communications (Nasdaq:LVLT), News Corp Inc Cl A (NYSE:NWS-A), Pmc-sierra Inc (Nasdaq:PMCS), and Gap Inc (NYSE:GPS).
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.donharrold.net/ratings/US/LVLT.php News Corp. Inc. Cl A (NYSE:NWS-A) DonHarrold.Net Rating: Strong Sell http://www.donharrold.net/ratings/US/NWS.A.php PMC-Sierra Inc. (Nasdaq:PMCS) DonHarrold.Net Rating: Strong Buy http://www.donharrold.net/ratings/US/PMCS.php Gap Inc. (NYSE:GPS) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/GPS.php
Level 3 Communications (Nasdaq:LVLT) closed recently at $5.28 with a volume of 217436 X 100. My current rating on LVLT is "Buy."
When I rate a stock "buy," it means that the momentum indicators I follow are in full swing. I see a "buy" stock as one that is usually already in the process of trending higher from previously oversold levels.
A "buy" rated stock is one that I would want to buy. I'd be more inclined to buy it than wait for it to drop lower before I considered picking up any shares.
This is a stock that would have -- most likely -- been rated "Strong Buy" sometime in the recent past. Now, I'm waiting to see technical indications that the time to sell is near. The next rating along that path is a "Weak sell."
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