The Play Of The Day

10-11-99 01:01 EST.

Good Morning Stock Fans!

Today's Play of The Day is: Key Note Systems (NASDAQ:KEYN)

About: Key Note Systems
Keynote Systems (NASDAQ:KEYN) provides Internet performance measurement and diagnostic services that enable electronic commerce, or e-commerce, companies to measure, assure and improve the quality of service of their web sites. Keynote Systems (NASDAQ:KEYN) is based in San Mateo, California with a web site at

This recent IPO went public on Friday, September 24, 1999, offering 4 million shares underwritten by BancBoston, Robert Stephens at $14.00 a share. Over its first two days of trading (NASDAQ:KEYN) would trade as high as $33.3750 as it more then doubled. Between September 28 and 30 its shares would trade lower until they reached a low $23.50 a share on Friday, October 1. Since bouncing off of $23.50 (NASDAQ:KEYN) has traded higher everyday. This past Friday shares achieved a new high as they would go as high as $38.00 before closing at $35.50 per share.

Many NASDAQ IPO's that get run up over their first few days of trading like (NASDAQ:KEYN) did never are able to come back and reach that run up high again, much less go through it as shares of Key Note Systems (NASDAQ:KEYN) have. The service that (NASDAQ:KEYN) provides is unique, and with it being in the hot area of e-Commerce besides, this stock is poised to go up from here. I am looking for (NASDAQ:KEYN) to hold their current support of $33.3750. With its quiet period ending on Monday, October 25 shares of (NASDAQ:KEYN) should receive much more attention over the next week of trading.

Buy Area: $34.93750- $35.93750
Sell Stop: $32.75
TARGET: $43.00 - 49.00 ( 5 to 10 trading day!)

Be sure to check your mail for an update on this Play following today's trading day!

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Have a great day!

More to come...

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