SHREVEPORT, La., June 2, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net), rates Cisco Systems Inc. (Nasdaq:CSCO), DIAMONDS Trust Series ETF (AMEX:DIA), Chesapeake Energy Corp (NYSE:CHK), and Bellsouth Corp (NYSE:BLS).
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:
Cisco Systems Inc. (Nasdaq:CSCO) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/CSCO.php DIAMONDS Trust Series ETF (AMEX:DIA) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/DIA.php Chesapeake Energy Corp. (NYSE:CHK) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/CHK.php Bellsouth Corp. (NYSE:BLS) DonHarrold.Net Rating: Weak Buy http://www.donharrold.net/ratings/US/BLS.php
Cisco Systems Inc. (Nasdaq:CSCO) closed recently at $20.50 with a volume of 533195 X 100. My current rating on CSCO is "Sell."
When I rate a stock "Sell," it means that the momentum indicators I follow are in full swing. I see a "Sell" stock as one that is usually already in the process of trending lower from previously overbought levels.
A "Sell" rated stock is one that I would not want to buy. I'd be more inclined to wait for a "Sell" rated stock to drop lower before I considered picking up any shares.
This is a stock that would have -- most likely -- been rated "Strong Sell" sometime in the recent past. Now, I'm waiting to see technical indications that the time to buy is near. The next rating along that path is a "Weak Sell."
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