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December 19th, 2007

SpeculatingStocks.com Stock Pick: Midway Games, Inc. (MWY)

Price: $2.94

Midway Games, Inc. engages in the development and publishing of interactive entertainment software for the videogame market. It offers games that can be played on various home videogame consoles and handheld game platforms, including Microsoft's Xbox, Nintendo's GameCube, Game Boy Advance and Nintendo DS, and Sony's PlayStation 2, PlayStation Portable, Wii, and PlayStation 3.

MWY has historically been strong in the fourth quarter holiday season. Midway and Epic Games shipped Unreal Tournament 3 for PLAYSTATION®3 on December 10, 2007 in time for the 2007 holiday season.

We believe MWY still has a significant brand name and could run in the short-term as video game stocks continue to be spurred by the recent ATVI/Blizzard merger plans.

MWY recently climbed from the $2.20 level to as high as $4.48. MWY has since corrected. Today, MWY crossed through its 50-day moving average at $2.83 and closed very near its high of the day. We believe investors could be bullish on MWY again.

 
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