eLocity Inc. -- Tuesday's Aggressive Traders Stock Alert Issued For, DWOG, ZAPZ, PLAY, AAPL


SARASOTA, Fla., Nov. 23, 2004 (PRIMEZONE) -- eLocity's stocks to watch for today are: Deep Well Oil & Gas, Inc. (Pink Sheets:DWOG), ZAP (OTCBB:ZAPZ), PortalPlayer Inc. (Nasdaq:PLAY) and Apple Computer (Nasdaq:AAPL).

Aggressive stock traders and investors, take a look at Deep Well Oil & Gas, Inc. (Pink Sheets:DWOG). Monday after the bell, the company issued a press release announcing the "Operational Update" and that they have filed an application with the Alberta Energy and Utilities Board (AEUB) for a license to drill the first of two proposed development wells at Sawn Lake, Alberta. The company stated in the release that, "Upon issuance of a drilling license, Deep Well Oil & Gas, Inc. will have obtained all regulatory approvals including mineral surface leases, forestry approval, surveys, road use agreements; prior to initiating field operations and anticipates site construction to commence thereafter."

Deep Well Oil & Gas is an Alberta Canada based corporation founded, directed and managed by career oil industry personnel with proven management and heavy oil expertise. Deep Well Oil & Gas has secured an 80% operating interest in 63 contiguous sections (NET 50.4 sections or 32,256 acres/12,902 hectares to Deep Well) of oil sands leases in the Sawn Lake oil sands in North Central Alberta, Canada.

DWOG is currently trading around 89 cents a share.

Stocks in the News on Monday:

ZAP (OTCBB:ZAPZ)

Clean transportation technologies company, ZAP, announced Monday that after five years on the market in Europe, the 60-MPG SMART car was granted a certificate of conformity by the U.S. Environmental Protection Agency, allowing the company to sell the car in the U.S.

ZAPZ closed Monday at $3.16, up $1.41 on volume of over 1.8 million shares.

PortalPlayer Inc. (Nasdaq:PLAY)

Shares of PortalPlayer Inc. climbed to an intra-day high Monday of $30.30, after their initial public offering on Friday was priced at $17 per share.

PLAY closed Monday's regular trading session at $28.76, up $2.96 (11.47%) on volume of 3,679,851 shares.

Apple Computer (Nasdaq:AAPL)

Shares of Apple Computer climbed to a four-year high on Monday. The stock was upgraded by Piper Jaffray's Gene Munster, who almost doubled his price target from $52 to $100 a share on growing demand for Apple's iPods and Macintosh computers. Robert Cihra, of Fulcrum Global Partners, raised his target from $53 to $65. Cihra said signs from Apple's supply chain show the company is meeting market demands.

AAPL closed Monday's regular trading session at $61.35, up $ 6.18 (11.20%) on volume of 45.38 million shares.

About eLocity Inc: eLocity owns and operates three financial websites for investors.

-- PennyPicks.com, http://www.pennypicks.com/. Featuring active message boards for the penny stock trader, rumors and more.

-- StockGrid.com, http://www.stockgrid.com/. Visit this site for our daily top stock "GRID Makers". We rank stocks on volume, message board activity, sentiment and trend forecast.

-- Bell2Bell.com, http://www.bell2bell.com/. Bell2Bell features news stories, rumors, the InvestBoard and more.

Sign up for FREE at any of the sites above.

The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company". The company received compensation for newsletter services for DWOG. (Public Company). The compensation is fifty-five thousand dollars from a non-affiliated third party. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. All statements of opinions, if any, (Our Summary) are those of the company.

The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the Public Company that this newsletter is providing service for should be reviewed is speculative and a high-risk and may result in the loss of some or all of any investment made in the client. This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended.

The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.



            

Contact Data