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August 23, 2004 Stock Pick: Velocity Express Corporation (VEXP)

Stock Price: $0.40

We released VEXP as a stock pick successfully in the past as a at $0.52 before it ran to $0.81. We believe it is once again a at current levels.

Velocity Express Corporation operates the largest nationwide network of customized, time critical delivery solutions. The company provides a proprietary package tracking system that allows its customers to control their package from start to finish.

Read the first VEXP stock pick for additional information.

VEXP appears to have heavy support at the $0.40 level. The stock has been bottoming at this level for the past nine trading days. With the market trending up the last week, we believe VEXP will start going up again.

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