The Play Of The Day

January 18, 2000

Today's Play of The Day is: Look Smart (NASDAQ:LOOK)

LookSmart (Nasdaq:LOOK) is a leading online search and navigation company dedicated to helping the world find useful stuff quickly. LookSmart's search and directory service reaches over 45 million people a month -- nearly 70 percent of all Internet users in the U.S.

The stock reported news on Friday that Sony was adding it to it's network. On the news the stock closed above $30.00 after going as high as $32.1250 on 2 times its average daily volume of just over 640,000 shares trading.
The stock had been trying to break out of a rather narrow trading range ahead of the news. The trading chart of the stock now looks very good as an indicator that should push the stock back up perhaps as high as $35.00 where it belongs.

With a triple bottom existing in its trading chart at just at 30.00 even it looks to have solid support at current levels. We like it over the next week as it appears to have low risk and room for more gains as higher volume should continue to take place on this stock.

KEY INDICATORS: LOOK
Buy Area:$30.1250-$30.25
Sell Stop:$29.3750
TARGET:$33.25-$35.00
Time Frame: 3 days
Type of Trade: Swing Trade

BONUS PLAY #1 Digital Lightwave Inc. (NASDAQ:DIGL)

Digital Lightwave Inc. designs, develops, markets and supports diagnostic products that monitor, maintain and manage fiber optic-based networks. The Company's products provide telecommunications service providers and
equipment manufacturers with capabilities to cost-effectively deploy and manage fiber optic networks to address the rapidly increasing demand for bandwidth. The Company's current family of products is organized into two
product lines: Network Information Computers and Network Access Agents. The Company's current customers include telecommunications service providers, such as AT&T, MCI WorldCom, Qwest Communications and Sprint Corporation, and telecommunications equipment manufacturers, such as Alcatel Network Systems, Northern Telecom Limited and Tellabs.Buying on the dip. New base formed and plan on riding this horse to the top!.

KEY INDICATORS: DIGL
Buy Area:$48.25- $50.25
Sell Stop:$47.235
TARGET:$55.275 - $57.79
Time Frame: 2 to 5 days
Type of Trade: Swing Trade

BONUS PLAY # 2 Spyglass Inc. (NASDAQNM:SPYG)

Spyglass, Inc. develops, markets and distributes Internet technologies for incorporation into a variety of Internet-based software products and services, as well as software and professional services that enable clients to develop cost-effective Internet-enabled devices. Spyglass Embedded Internet Technologies products include Spyglass Device Mosaic, a full-featured thin browser. Nice base since it has popped. Closing price has crossed its 10 day moving average.

KEY INDICATORS: SPYG
Buy Area:$44.50 - 45.25
Sell Stop:$42.75
TARGET: $49.785 - $52.0375
Time Frame: 2 to 5 days
Type of Trade: Swing Trade

SHORT PLAY: TERRA networks (NASDAQ:TRRA)

This Spain based Internet ISP had it shares soar last Friday on news. The stock may go higher. However it looks as if it has hit a short term top at $97.00 plus. The stock now after closing on Friday at $94.25 up more then
$16.50 on heavy volume should at least to start this weeks trading fall back and test the $86.00 area. We remain bullish on this stock and the sector. However it makes sense for the stock to create a trudge range before taking a shot at triple digits.

KEY INDICATORS:
Sell Short Area: $94.25-$91.50
Cover for a Loss: $98.3750
TARGET: $86.50-$85.75
Time Frame: Today
Type of Trade: Daytrade

STOCKS ON OUR SCREENS TODAY:

INPR- huge volume, and a tight range. Pulled back late in the day. Market Makers looked to be gathering the stock up for higher gains soon. XYBR- The wearable PC is going be big. They hold the patent. IBM could buy this one north of 30.00 at anytime. IBM already is advertising the wearable PC on TV.
SIII
HAUP
LHSG
BBSW
VFND-Looks to be low risk at current levels, and oversold.
ASFD- Buys Jasmin.com. AMZN now has ownership in ASFD
ARIA
SATH
IATV
OPTV- This stock may head towards 200.00 Digital TV in 2000 should be
huge.
NTRX
SKDS- Volume continues to mount. 99% increase in Xmas sales.
MENT
PSWT
NSATF
SBAS
ANDN
EELN
MDCM
SPLN
WEBT- It reports earnings on this Wednesday. We look for them to anounce a
2 for 1 split with stellar numbers expected.
BTOB
SVRN
IFCI

Have a great day!

More to come....

Stock Jock!
and BigPlayStocks.com Team of Traders

home | contact us | advertising | affiliate program | disclaimer | cancellation policy
Copyright © 2000 bigplaystocks.com, inc.