The Play Of The Day
11-16-99 08:30 EST.
Good Morning Stock Fans!
With the market nervous about the big Greenie speech after the market closes today, I would not expect a lot of action. I will be adding to my e-commerce positions on any weakness. If you have not seen our top 25 e-commerce plays, check it out at http://www.bigplaystocks.com/ecom.html
Today's Play of The Day is: Star Media (NASDAQ:STRM)
Stock fans with the huge move in China.com yesterday, investors are starting to look at high growth plays outside of our border.
Star Media Network (NASDAQ:STRM) is an online network targeting Latin America, consisting of 17 interest-specific areas, Web-based community features, search capabilities and access to online shopping in Spanish and Portuguese.
(NASDAQ:STRM) has formed a nice base on its daily chart and I expect it to go higher from here!
Buy Area: $30.50 - $32.50
Sell Stop: $28.75
TARGET: $34.93750- $37.50
Time Frame: 2-14 days
As a Daytrade: Look for $2.50 points today form your buy area.
#1 BONUS PLAY: Wireless Facilities, Inc. (NASDAQ: WFII)
Stock fans this was one of those recent "Red Hot" IPO's. Guess what? this has sold off and has formed a base. I am taking a partial position today and will add either on dip or as it moves up. NASDAQ:WFII) is in its 12th day of its "Quiet Period."
Wireless Facilities, Inc. (NASDAQ:WFII) is an independent provider of outsourced services for the wireless communications industry, including the plan, design and deployment of wireless telecommunications networks, as well as ongoing network management
Buy Area: $50.50- $51.75
Sell Stop: $48.75
TARGET: $58.9375- $63.50
Time Frame: 2-7 days
Type of Trade: Swing Trade
As a Daytrade: Look for $3.00 points on this one today
#2 BONUS PLAY Mind Spring (NASDAQ:MSPG)
Stock Fans! This stock looks real good at current levels. Volume has increased of late. (NASDAQ:MSPG) touted at the second biggest online provider merging with EarthLink only behind the likes of the Online- Giant (NYSE:AOL). With (NYSE:AOL) recent run (NASDAQ:MSPG) looks very good to continue a nice run here that should see it go up on more volume and increased prices. The amount of eye balls that (NASDAQ:MSPG) will command pales in comparison to (NYSE:AOL)'s 19 million plus but it is good for a solid move higher here as e-Commerce Christmas continues to roll closer.
This stock looks very good to make a run, perhaps as high as $40.00 over the next 2 weeks into the end of November 1999. It also has created good support at just about 30.00 a share. Since it closed yesterday at $30.06 it shows little downside from current levels. As always buying interest will be conveyed by volume. This stock has a history of moving fast to the upside on momentum.
Buy Area: $29.93750- $30.50
Sell Stop: $28.93750
Time Frame: 5 to 13 days
Type of Trade: Swing Trade
As a Daytrade: look for $33.93750-$34.50 Today
STOCKS ON OUR SCREENS TODAY:
Have a great day!
More to come...
and BIGPLAYSTOCKS.com Team!