SHREVEPORT, La., June 4, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Bank Of America Corp. (NYSE:BAC), Northgate Minerals Corp. (AMEX:NXG), Tellabs Inc. (Nasdaq:TLAB), and Generex Biotechnology (Nasdaq:GNBT).
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:
Bank Of America Corp. (NYSE:BAC) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/BAC.php Northgate Minerals Corp. (AMEX:NXG) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/NXG.php Tellabs Inc. (Nasdaq:TLAB) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/TLAB.php Generex Biotechnology (Nasdaq:GNBT) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/GNBT.php
Bank Of America (NYSE:BAC) closed recently at $49.26 with a volume of 133927 X 100. My current rating on BAC 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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