The Play Of The Day
January 21, 2000
STOCK JOCK!- IN AND OUT OF TRADING ROOM TODAY!
Stock Fans! We look to colse out yet another week of trading today. I will be in and out of the trading room today as I have some personal business to attend to.
Today's Play of The Day is: Sybase, Inc. (NASDAQ:SYBS)
Headquartered in Emeryville, CA, Sybase, Inc., is one of the largest global independent software companies. Sybase helps businesses integrate, manage and deliver applications, content and data anywhere they are needed. The company's products, combined with its world-class professional services and partner technologies, provide a comprehensive platform for integrated, end-to-end solutions in mobile and embedded computing, data warehousing and Web environments. Sybase focuses especially on Enterprise Portal (EP) solutions, which give businesses the ability to extend their enterprise to customers, partners and suppliers by converting stored data into useful information, which can be organized, integrated and personalized for use anywhere at anytime. The company's Web address is http://www.sybase.com
This company reported much better then expected earnings following yesterday's market trading. Ahead of the news the stock gained more then 1.00 as it closed higher on more volume. It traded as high as 24.00 in after hours once the news was released.
We are looking for this stock to get some major notice today right off the get go as it remains a great value play and can even find its way into the high 20's over the next few days and still not be considered overvalued. We will look to get in this stock about 39 mins after today's opening bell and we will be looking for 4 points on this one as we should have plenty of followers on this stock today.
Time Frame: today
Type of Trade: daytrade
KEY- Watch for this stock to fill in its "gap up" today then its make its move higher.
Bonus Play # 1 : Mechanical Technology Inc. (NASDAQNM:MKTY)
Mechanical Technology manufactures and sells precision diagnostic and measurement instruments and incubates alternative energy technology. For the fiscal year ended 9/30/99, revenues decreased 39% to $12.9 million. Net loss from continuing operations totaled $10.7 million, up from $2 million. Revenues suffered from continuing weak market conditions. Net loss also suffered from an increased loss in Power Plug joint venture... Now here is the skinny! MECHANICAL TECHNOLOGY: (MKTY) $46 1/4 and traded on the Nasdaq Stock Exchange..... It's a little known fact that MKTY owns 32% of Plug Power (PLUG). MKTY has a little less than 11 million shares outstanding. At yesterday's close of $77 3/4, Mechanical Tech's 13.7 million shares is worth $1,065,175,000.....as in over a billion!!! Our math tells us that MKTY's ownership in Plug Power is currently worth $96 per share. Earnings will be announced on Feb 3
KEY INDICATORS: (NASDAQNM:MKTY)
Buy Area: $45.75 to 46.45
Sell Stop: $44.50
TARGET: $51.095 to $53.42
Time Frame: 2 to 4 days
Bonus Play # 2 Electric Fuel Corp. (NASDAQNM:EFCX)
Electric Fuel Corporation has been tooling all over the globe developing markets for its proprietary, zinc-air batteries. Its electric vehicle battery systems (70% of sales) have powered alternative-fuel fleet vehicles in such far-flung places as Clark County Nevada, Israel, Italy, and Germany. Non-automotive products include cellular phone batteries and zinc-air powered lifejacket lights. Electric Fuel also has a contract with the US Army to develop zinc-air battery packs for the field. The company has research and development facilities in Alabama and Israel; manufacturing takes place in Israel. Wow Stock fans I thought they just made plain ole batteries. EFCX has a market cap of 124.7 mil and Ballard Power Systems has a market cap of 6 billion!
KEY INDICATORS: (NASDAQNM:EFCX)
Buy Area: $8.25 to $8.90
Sell Stop: $7.50
TARGET: $9.75 to $10.50
Time Frame: 1 to 4 days
OVERSOLD TODAY: LOOK FOR 3 FAST POINTS OFF OPEN (NASDAQ:LGTO)
LGTO- The stock missed numbers badly. However we put this stock into a similar group that as missed badly over last 4 months. RAMP, VRTY, DALN. All 3 of those stock added on more then 10 plus points as they came back from severally oversold levels on panic over bad numbers in their earnings reports.
We look for LGTO to make its way back to $34.75 today.
KEY INDICATORS: LGTO
Buy Area: buy on open
Time Frame: today
Type of Trade: daytrade
"RUN THE OPTIONS:!"
LGTO Feb. 2000 $40.00 Option Calls
AOL- VALUE PLAY! "RUN THE OPTIONS!"
We like the Feb $70.00's a lot over next 5 days. AOL should carve out a trading range between $65.00 and $70.00 over next 5 days
ANOTHER WAY TO PLAY AOL
Sell AOL Feb 2000 $60.00 Put Options
STOCKS ON OUR SCREENS TODAY:
SPNW- Watch volume and $24.75 today
LIOX- Lot's of volume being featured on CNBC yesterday. It may drop to $24.00 then make its move to $29.00
LPTHA- This stock wants $30 today
NSATF- This one should rest today. Find a trading range after making $31.00 on open
NTRX- It looks to see 30 soon
IFCI- Its ready for the 20's
ROWE- It may test $47.3750 again
CNET- Volume is building
SUNW- Numbers stellar look for it to drop back $3.50 today
SBAS- Numbers soon tight range. We like 14.00 over next 2 days.
VRTL- It made a great move yesterday. We like $11.50 then a move to $14.00
week as believe it or not AOL becomes a value play at current levels.
TWX- another way to own AOL
ETEK- wanna own JDSU? Then ETEK is a cheaper alternative.
NSOL- This stock rests today as it should lose 20 points.
XYBR- finding a trading range 13.50 is the break out area.
ANCR- A BIG ALERT EMAIL WINNER Yesterday! Look to sell on open if you still hold then get back in as this stock falls back to $38.75, and then looks for $48.00 over next 2 days
WRLS- China news yesterday. It should gain more today.
BIOM- This stock should see $14.00 today!
RELM- We like $9.00 today
WEBT- It already has volume. It should make its way to 100.00 today as it gets ready to report stellar numbers, and a split.
MSGI- It's sneaky. It looks to find $25.00 soon.
NWLL- Yesterday's news was strong. It may make its move today.
SIII- They have a ton of stock to sell now form $16-$18. Look for 2 points on this one today as its a buy off the open
Have a great day!
More to come....
and BigPlayStocks.com Team of Traders!