Penny Stock Pick - GTW

The penny stock pick of the today is Gateway Inc. (GTW), the Irvine CA based computer maker. The stock hasn't been doing well for the past 2 years due to competition. However recently the stock seems to be bottoming and with the release of Windows Vista, we could see buyers opportunity for major rally coming for the computer maker.

Technical
The technical chart is showing positive sign as 50 day moving average seems to be about to crossed on top over 200 day moving average. In addition MACD is also showing positive sign as MACD is back above 0.

Insider
The insiders are not too optimistic about the stock as beneficial owner and officer have been selling the stock recently. Moreover the instutions are also bearish as they sold additional 2.78 million shares or 1.6% of its holding in the latest quarter.

Financial
The earning report on February first would determine if the computer maker would have a better year in revenue compared to previous year. One promising sign is the third quarter where the company received net income of $18 million compared to net loss in the prior two quarters.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(PC): 5
2. Technical: 4
3. Insider: 1.5
4. Financial: 3.5
Recommendation: Buy