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August 31, 2004 Stock Pick: Z-Tel Technologies, Inc. (ZTEL)

Stock Price: $0.67

Z-Tel Technologies, Inc. offers consumers and business nationwide wire line and broadband telecommunications using their proprietary services, such as Web-accessible, voice-activated calling and messaging features. Z-Tel's services are available on a wholesale basis to other communications and utility companies.

ZTEL has dropped heavily since the beginning of June to as low as $0.29. Recently, the stock has been having huge 1-day jumps on little news at all. The CEO and CTO recently resigned to focus on starting a new company. This most likely is causing the volatility.

ZTEL still appears to be oversold at $0.67, and we expect it to trend higher in the short-term.

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