BizAuctions Inc.

December 17, 2009 19:41 ET

Holiday Season Brings New Opportunities for BizAuctions Inc.

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2009) -, the news portal which covers the latest Wall Street developments while delivering financial and investment intelligence to a community of highly informed investors, has issued a special independent research coverage on BizAuctions Inc. (PINK SHEETS:BZCN).

Shares of the company finished the day at $0.0016, down 11.11% from the opening bell. The stock reached an intraday high of $0.0020 which seemed to be a major resistance, thus causing it to fall near the $0.0016 levels where it has found a nice support level. Investors are currently awaiting company news regarding their next quarterly, and as well an update on the much anticipated holiday season sales with revenues expected to increase. During the same time last year, the stock reached a high of $0.11, after news of gaining new business from commercial and retail owners for the resale of their used industrial equipment. Excitement within the investment community is growing as technical analysis experts await the stock's 50 day MA and 200 day MA to cross, thus paving the way for the illusive Golden Cross formation.

"BizAuctions Inc. is one of those companies which thrives during hard-hit economic times, an example of which being the current recession we are in. Discount, markdown, and coupon companies will benefit the most as sales usually increase due to consumers seeking new ways to satisfy their holiday spending habits," writes Michael Vlaicu of TheMarketFinancial. "With the upcoming holiday season fast approaching, BizAuctions Inc. is one of those small companies which should reap the benefits, gain new customers and thus reestablish a renewed sense of optimism from investors. Revenue of $1,340,904 during six months ended June 30 2009, and a highly undervalued estimated $600,000 market cap compared to other competitors should trigger some technical buy signals across the board."

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