SHREVEPORT, La., June 5, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Nasdaq 100 Index Tracking Stock ETF (Nasdaq:QQQQ), Symantec Corp (Nasdaq:SYMC), Elan Corp Plc (NYSE:ELN), and Tellabs Inc (Nasdaq:TLAB).
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:
Nasdaq 100 Index Tracking Stock ETF (Nasdaq:QQQQ) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/QQQQ.php Symantec Corp (Nasdaq:SYMC) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/SYMC.php Elan Corp Plc (NYSE:ELN) DonHarrold.Net Rating: Weak Buy http://www.donharrold.net/ratings/US/ELN.php Tellabs Inc (Nasdaq:TLAB) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/TLAB.php
Nasdaq 100 Index Tracking Stock ETF (Nasdaq:QQQQ) closed recently at $39.64 with a volume of 1288655 X 100. My current rating on QQQQ 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 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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