SpeculatingStocks.com Releases 3 Scary Good Stock Picks for Halloween
SpeculatingStocks.com has chosen BIDZ, IVN and ATVI as its 3 Scary Good Stock Picks for Halloween and beyond.
Pittsburgh, PA (PRWEB) October 28, 2008 -- SpeculatingStocks.com has released 3 Stock Picks for Halloween and beyond. Begin watching the stock picks below. SpeculatingStocks.com believes they will start moving to the upside this Halloween week.
Find scary good stock picks and penny stocks all year around at SpeculatingStocks.com!
BIDZ is an online jeweler, somewhat of a niche mini-eBay in the used jewelry space online. SpeculatingStocks.com's second stock pick, IVN is a small cap, gold penny stock currently in talks with the Mongolian government to receive approval to develop a copper and gold mine in the country. For IVN, approval from the Mongolian government could be a watershed event for them and their partner Rio Tinto. Their third scary good stock pick released is ATVI. Activision Blizzard (ATVI) is positioned for rapid growth through their World of Warcraft, Starcraft and Guitar Hero brands.
SpeculatingStocks.com founder Russ Urban commented, "We believe these stock picks have a great shot at creating significant returns for investors."
SpeculatingStocks.com Stock Pick: Ivanhoe Mines Ltd. (IVN)
Stock Price: $1.94
Ivanhoe Mines, Ltd., together with its subsidiaries, operates as a mineral exploration and development company. The company holds interests in and conducting operations on mineral resource properties principally located in Central Asia and Australia as well as projects in Mongolia and Kazakhstan.
On September 30th, a company executive from IVN commented that he saw no reason for IVN's drop. At that time, IVN was trading at $6.40. IVN has been severely oversold and now appears to have finally found a bottom just below the $2.00 level.
Rio Tinto, one of the largest mining companies in the World, is a strategic partner of Ivanhoe Mines. IVN and Rio Tinto are negotiating with Mongolia's government to develop a copper and gold mine in the country.
They are looking to develop the Oyu Tolgoi copper-gold project in Mongolia's South Gobi Region. If IVN receives approval by the Mongolian government, we could see IVN shares rebound and correct big to the upside.
We believe gold will rebound and benefit IVN as well.
SpeculatingStocks.com Stock Pick: BIDZ.com, Inc. (BIDZ)
Stock Price: $6.22
BIDZ.com, Inc. is an online jewelry retailer offering its products through a live auction format at Bidz.com as well as a fixed price online retail store at Buyz.com.
BIDZ has been profitable the past several quarters. We believe BIDZ will benefit by people selling their gold jewelry.
BIDZ is currently trading at a market cap of only around $147 million, which we believe is low considering their growing brand and future potential.
BIDZ could see a major short squeeze with over 25% of its 12.12 million float short.
SpeculatingStocks.com Stock Pick: Activision Blizzard, Inc. (ATVI)
Stock Price: $11.69
Activision Blizzard, Inc. operates as an online and console game publisher. Some of the company's brands include World of Warcraft, Starcraft, Diablo, Guitar Hero and Call of Duty.
We believe ATVI is the #1 gaming stock in the stock market right now with the most future potential in its industry. World of Warcraft is about as big of a money maker as it gets in the gaming industry.
It is speculated that ATVI could be releasing Starcraft II around February or March of 2009. The original Starcraft is still regarded as one of the greatest games of all time and Starcraft II is expected to be a huge money maker as well.
Guitar Hero is very popular with console gamers. Guitar Hero and World of Warcraft create a ton of positive buzz marketing for Activision Blizzard. We believe it will be hard for any other gaming company to compete with ATVI.
ATVI is down at pre-Blizzard merger levels and appears significantly undervalued at a market capitalization of around $15.4 billion.
It is important to find great companies at the right time in their stock charts. We expect the stocks mentioned above to become hot stocks after the recent stock market downturn. Visit SpeculatingStocks.com for scary good stock picks, penny stocks and the best stocks all year around.
About SpeculatingStocks.com:
SpeculatingStocks.com releases stock picks and regularly reviews its hundreds of past stock picks. We have been picking stocks since 2004 with a focus on stock picks that create large percentage point returns. For more information, go to SpeculatingStocks.com for stock picks, stock updates and stock market articles.
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This press release is the opinion of SpeculatingStocks.com, Inc. SpeculatingStocks.com, Inc. is not a registered investment advisor and nothing contained in any materials released by us should be construed as a recommendation to buy or sell any securities. Please read our legal disclaimer at speculatingstocks.com/LegalDisclaimer.html.
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