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September 22, 2004 Stock Pick: TiVo, Inc. (TIVO)

Stock Price: $6.90

TiVo, Inc. has been involved in the home entertainment arena since 1997 with their Digital Video Recorder that allows a television viewer to watch what they want, when they want.

TIVO rose over 11% yesterday on double than average volume in an overall dismal market. As a result, TIVO is close to crossing its 200-day moving average at $6.92. The stock closed very near its high of the day of $6.91.

The company is well positioned to take advantage of the home entertainment market. They are working on major opportunities including launching a digital music service as well as video on demand with NetFlix. This is one of those stocks that traders could drive up due to all the excitement.

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