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PicksThatMove.com Announces Investment Opinion on Ivernia Inc., Weatherford International Ltd., Brocade Communications Systems Inc., Instacare Corp. and Gold Wheaton Corporation
Thursday, November 26, 2009 12:51 AM


(Source: Business Wire)trackingPicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at www.picksthatmove.com.

At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.

The investment opinions offered below and in this press release are provided by Nick Hunter, RIA, of PicksThatMove.com.

Ivernia Inc. (TSX: IVW), $0.375, +$0.075, 25%, is a company involved in the base metals mining and exploration with its main asset of a 100% interest in the Magnellan lead mine in Western Australia. The company reached a high of $0.395 today and closed the day with 25% at $0.375, on no news. Mid month Ivernia released its third quarter reporting an operating loss of $261,000, a significant improvement from the operating loss of $2.6 million, same period last year. For the nine months ended September 30, 2009 operating income totalled $737,000 compared with an operating loss of $7.3 million for the same period last year.

Weatherford International Ltd. (NYSE: WFT), $16.70, +$0.23, 1.40%, provides equipment and services used for drilling, completion and production of oil and natural gas wells. Weatherford International operates in about 100 countries and has service and sales locations in nearly all of the oil and natural gas producing regions in the world. WFT made gains today reaching a high of $16.89, closing the day with volume of 24.7 million, compared to yesterday's close of 19.6 million, on no news. Last month's announcement focused on the company's third quarter results income of $93 million. Third quarter revenues were $2,150 million, or 15 percent lower than the same period last year, against a backdrop of a 39 percent decrease in global rig count.

Brocade Communications Systems Inc. (NASDAQ: BRCD), $7.34, +$0.24, 3.38%, reached a low of $7.03 and managed to close just 0.01 under its high of $7.35 today, with over 39 million shares trading hands. The company offers a line of storage networking products and services and a SAN management operating system that enables companies to network application servers with storage devices through a SAN. Latest company news confirmed that it has not been selling itself to other parties. Brocade who has been the subject of a possible takeover confirmed through its CEO, Mike Klayko, that he "never was actively shopping the company."

Instacare Corp. (NASDAQ: ISCR), $0.205, +$0.035, 20.59%, closed the day with over 20% gains, reaching a low of $0.159, a high of $0.218 and closing slightly under at $0.205, with 2.9 million shares traded. Instacare announced that its brands of MD@Hand and Practice Probe EMR and other e-health technologies have been engineered to function on popular smart cell phones. The adaptation of the desktop and hand-held interactive medical software responds to the federal government's demand for healthcare cost structure revision. Its release also positions Instacare at the forefront of companies scrambling to satisfy the government's mandate for broad cost reduction and systemic restructuring of healthcare billing, information storage and recordkeeping.

Gold Wheaton Corporation (OTCBB: GLW), $0.38, +$0.025, 7.04%, is a mining company, with its main focus on gold, platinum and palladium. Gold Wheaton made gains today of over 7% with 17.6 million shares traded. The company reached a low of $0.35 and managed to close at its high of $0.38, on no news.

About Picksthatmove.com

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com's affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please follow us on Twitter and Facebook for further investment updates. We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.

Nick Hunter, RIA, of PicksThatMove is a member of the National Association of Securities Dealers, CRD number 2022366

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