SHREVEPORT, La., Aug. 8, 2006 (PRIMEZONE) -- DonHarrold.net (IARD #119079, http://www.donharrold.net), rates Nortel Networks Holding (NYSE:NT), Citigroup (NYSE:C), Taiwan Semicond Mnfcg Co. (NYSE:TSM), and Procter & Gamble Co. (NYSE:PG).
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:
Nortel Networks Holding (NYSE:NT) DonHarrold.Net Rating: Oversold http://www.donharrold.net/ratings/US/NT.php Citigroup (NYSE:C) DonHarrold.Net Rating: Oversold http://www.donharrold.net/ratings/US/C.php Taiwan Semicond Mnfcg Co. (NYSE:TSM) DonHarrold.Net Rating: Oversold http://www.donharrold.net/ratings/US/TSM.php Procter & Gamble Co. (NYSE:PG) DonHarrold.Net Rating: Slightly Oversold http://www.donharrold.net/ratings/US/PG.php
Nortel Networks Holding (NYSE:NT) closed recently at $2.01 with a volume of 97381 X 100. My current rating on NT is, "Oversold."
When I rate a stock "Oversold," it means that the momentum indicators I follow are in full swing. I see an "Oversold" stock as one that is usually already in the process of trending higher from previously oversold levels.
An "Oversold" 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 "Extremely Oversold" sometime in the recent past. Now, I'm waiting to see technical indications that the time to sell is near.
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