SHREVEPORT, La., May 31, 2006 (PRIMEZONE) -- DonHarrold.net (IARD No. 119079, http://www.donharrold.net) rates Ciena Corporation (Nasdaq:CIEN), Merck & Co (NYSE:MRK), Amazon.Com Inc. (Nasdaq:AMZN), and Linear Technology Corp. (Nasdaq:LLTC). 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:
Ciena Corporation (Nasdaq:CIEN) DonHarrold.Net Rating: Sell http://www.donharrold.net/ratings/US/CIEN.php Merck & Co (NYSE:MRK) DonHarrold.Net Rating: Weak Sell http://www.donharrold.net/ratings/US/MRK.php Amazon.Com Inc. (Nasdaq:AMZN) DonHarrold.Net Rating: Weak Buy http://www.donharrold.net/ratings/US/AMZN.php Linear Technology Corp. (Nasdaq:LLTC) DonHarrold.Net Rating: Buy http://www.donharrold.net/ratings/US/LLTC.php
Ciena (Nasdaq:CIEN) closed recently at $3.78 with a volume of 122635 X 100. My current rating on CIEN 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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