Covad Communications - Symbol DVW - Merriman Curhan Ford Has A Target Of $5.00

Covad is a leading provider of Voice over IP, VoIP, and Broadband services.

As much as we dislike looking at a $2.00 stock, investment banking firm Merriman Curhan Ford has a target of $5.00 near term on DVW. We think this is due to expected positive earnings to be released and expansion of broadband services and partnership deals that have already been announced. Broadband services appears to be an explosive area to be an investor in at this time. We feel that we are on the ground floor on this investment. Stay tuned.

Broadwing - Symbol BWNG - Merriman Curhan Ford Targets $19

We spoke to the investment banking firm Merriman Curhan Ford and they put a Buy recommendation on BWNG yesterday with a price target of $19. Their head of investment banking was the top analyst at Thomas Weisel Partners. Most analyst targets that we have seen lately have been very conservative. We still see this stock at $30 by summer as previously posted.

PALM Continues To Trend Up

BWNG reminds me of VPRT at $15.00.

We had some brave souls who tried to keep shorting every other day or so on VistaPrint (VPRT) and not surprising to our due dilligence, the stock blew right through to $37.75. OUCH!

VPRT Chart at $15.00

We are making a call to $30 by summer on Broadwing - BWNG. This is not the ending target though as we suspect very significant news is pending. If we told you the real LT target you wouldn't believe it. Stay tuned.

Our PICKS Continue To Look Strong - PALM, VPRT, SVI, ARII, OS, BWNG

Broadwing - All Indicators Point to $30

Broadwing Stock Chart

BWNG - Added To Our Short Squeeze Alert

With over 6,894,000 shares short it this would take 2 - 3 days to cover this position given the average daily volume. Also, the stock is breaking new 52 week highs weekly if not daily, so we strongly feel that the shorts will throw in the towel and continue to cover on BWNG as the stock breaks into higher ground.

Is would not unreasonable to see BWNG at $17.00 - $20.00 level soon if this occurs.

BWNG Another RMBS at $15.00??

Broadwing - BWNG looks like another Rambus - RMBS when it was $15.00. Now Rambus is approaching $40.00. Rambus - RMBS 6 Month Chart

Broadwing - BWNG Is Our Favorite Pick Now

BWNG breaks out this morning above the critical $15.00 level. This technical breakout should move the stock to the $17.00 - $20.00 level soon.

Telecoms are HOT again as evidenced by the Lucent takeover announcement.