SHREVEPORT, La., April 4, 2006 (PRIMEZONE) -- StockPickReport.Com (IARD #119079, www.stockpickreport.com), rates Generex Biotechnology (Nasdaq:GNBT), Avanex (Nasdaq:AVNX), General Motors (NYSE:GM), and Comverse Technology (NYSE:GM).
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Important Stock Rating Changes:
Generex Biotechnology Corporation (Nasdaq:GNBT) -- SELL
www.stockpickreport.com/abrating.php?sym=GNBT
Avanex Corporation (Nasdaq:AVNX) -- BUY
www.stockpickreport.com/abrating.php?sym=AVNX
General Motors Corporation (NYSE:GM) -- SELL
www.stockpickreport.com/abrating.php?sym=GM
Comverse Technology Inc (Nasdaq:CMVT) -- STRONG BUY
www.stockpickreport.com/abrating.php?sym=CMVT
StockPickReport Commentary -- April 04, 2006
The market is a "mixed bag." I can see where there may be upside over the next week or so. But, on a longer term basis -- and this may shock you -- the market has not displayed the classic "oversold" indications I'd like to see before I make a "long term" commitment.
Even the downslide of the 2000 to 2002 did not achieve the "pure" oversold conditions on RSI. My gut reaction to the market is that there will be some upside but the pressure to move south will hold back anything significant.
I gotta tell you, though, that I am not fond of trading the market under current conditions. No clear markers for an upswing and some point down. I can see the stock going either way, and that's not how I like to trade.
I like to get as many indicators on my side as I can.
You can see videos on my trades at www.donharrold.net
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