The Play Of The Day
Good Morning Stock Fans!
Today's Play of The Day is: Adaptive Broadband. (NASDAQ: ADAP)
Stock Fans, with the buyout of AIRO yesterday by CSCO investors are looking for other buyout candidates in the broadband wireless Internet area. The daily chart says this is time to buy! Volume bars are increasing. The 10 day and 50 day moving averages have crossed up. Stochastic and MACD timing signals are indication that this stock is moving up!
(NASDAQ:ADAP) supplies terrestrial wireless and satellite-based systems to support data communications, broadcast digital TV and telemetry networks. The Co. also provides products for satellite-based and terrestrial wireless ultra-high speed Internet access, transport and worldwide Internet backbones.
Buy Area: $34.50 to $35.75
Sell Stop :$31.75
TARGET: $39.00 - $41.1625
Time Frame: 1 to 10 days
#1 BONUS PLAY: LOOKSMART, LTD. (NASDAQ: LOOK)
Stock Fans, this is a position play that has news today! LOOK has been forming a nice base for the last month and I expect this stock to take off like a rocket! Internet growth in Europe is going to explode. Annalist say it will be five years for Europe to catch up with the Americans! LOOK is poised to take advantage of this growth!
LONDON--(BUSINESS WIRE)--Nov. 10, 1999--LookSmart (Nasdaq:LOOK - news), a leading online navigation company, and global communications powerhouse British Telecommunications (NYSE:BTY - news), today announced a joint venture to create and distribute portal services throughout Europe and Asia.
The venture will rapidly set the standard for delivering locally relevant Web navigation and content to millions of Internet users on two continents.
``LookSmart and BT have established a new model that combines Web navigation with access on a global basis,'' said Evan Thornley, co-founder and CEO of LookSmart. ``We estimate that the portal market in Europe and Asia will overtake that of the U.S. in the next five years. Together, we are prepared to commit up to $200 million to capture the leadership position in these markets
With The flip back of the clock for daylight saving time last week, and the increased traffic the NET will see on a huge upcoming e-Commerce Christmas. All this stock needs to rocket to perhaps as high as $40.00 again is a report that it is in the top 10 web portals, and its traffic for Christmas selling season is way up. That is all it took in August for this one to really move to the upside.
Buy Area: $26.6250- $29.93750 (may open a td higher. use best judgment)
TARGET: $39.00 - $42.125
Time Frame: 1 to 10 days
Type of Trade: Swing Trade
#2 BONUS PLAY: RAVISENT TECHNOLOGIES (NASDAQ:RVST)
RAVISENT (NASDAQ:RVST) is driving the digital entertainment revolution with an integrated suite of innovative digital video and audio products for PC and consumer electronics manufacturers.
RAVISENT (NASDAQ:RVST) enables the convergence of personal computer and consumer electronics devices through software and hardware products designed around a unique, modular software architecture that provides a consistent look and feel across technology platforms.
Stock Fans! (NASDAQ:RVST) broke out yesterday. Its technology looks to me to be very unique and the stock is still under priced as I read what field they are in. The only news we could find on this one is that the CEO was interviewed on CNBC-TV. However sometimes just a little awareness of a stock and what it does is all it takes to send it rolling. The interview telling of 190% increase in numbers for this reported quarter was good for a move in volume from 92,000 on Monday to over 550,000 yesterday and a $4.00 plus move to the upside.
This stock may still have room in that what they do is unique. Their application look to be well received by investors. This recent IPO (NASDAQ:RVST) could just be beginning a run that could take it into the mid 20's. All it will take is added volume! On closing what I really like on this one is it only traded 597,000 up 4.00 plus yesterday. If it trades 1 mill plus today or more it could add on $6.00 more pretty easy!
Buy Area: $17.93750-$18.93750
Sell Stop: $16.43750
Time Frame: could be today or ( 1 to 5 days)
Type of Trade: Daytrade on target being reached.
STOCK TO WATCH: NEXT CARD (NASDAQ:NXCD) -The online Internet Credit Card.
Stock Fans! As I predicted (NASDAQ:NXCD) broke out yesterday. it is a very unique stock. I still like it for a lot more upside upcoming. I just can't imagine all the new clients it will get this e-Commerce Christmas season. It looks great to go even higher form here. It was 50.00 in May have 1999. It traded over 1 million shares yesterday to go up more then $6.00 to close north of $31.00. This stock is just to good not to get much more from here.
This stock broke out yesterday as well closing at its high of the day. It looks perfect from here to perhaps retrace a dollar or two, and then go higher. I like this stock to see the mid $50.00's in the next 15 trading days probably sooner!
STOCKS ON MY SCREEN TODAY:
NN- yesterday's Play has more takeover speculation surrounding it today!
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More to come....