The Play Of The Day
Good Morning Stock Fans!
Well, Greenie has spoken! Kind of like the Wizard of Oz! Well, stock fans nothing has changed, except that there is one less shopping day until Christmas! The economy is fine, Europe is fine and China is great!
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: Priceline.com Inc (NASDAQ:PCLN)
Stock fans huge volume on Priceline (NASDAQ:PCLN) says one thing. This stock is moving higher! As the Internet sector has rebounded it is time to find good Companies that are still oversold. I like the recent news on Priceline (NASDAQ:PCLN) and think it has great potential. Priceline's 52 week high 165. Priceline is expanding into many markets. This is one of those no brainier "swing" trades!
Expect it to gap!
Buy Area: $68.25 to 69.50 buying after initial gap
Sell Stop: $65.9688
TARGET: $79.375- $83.25
Time Frame: 2-14 days
Type of Trade: Swing Trade
As a Daytrade: Look for $3.00 move off buy area
#1 BONUS PLAY: Triton PCS (NASDAQ: TPCS)
Stock fans, as the saying goes, " No wine before its time" this wine is ready to be enjoyed! I have been watching this recent IPO and it is now in its 22nd day. This was a hot IPO that ran early and has now fallen back to recent support. Stock fans, I am looking for a nice pop in the next day or 2 on this stock. I am a big fan of the wireless plays and this is one of the better ones!
Triton PCS Holdings, Inc. is a provider of wireless personal communications services in the southeastern United States, covering approximately 13 million potential customers. The Company's services are provided under a strategic alliance with AT&T. For the six months ended 6/30/99, total revenues totaled $38.2 million, up from none.
Buy Area: $39.00 to $ 39.8438
Sell Stop: $26.75
TARGET: $45.00 - $48.375
Time Frame: 2-7 days
Type of Trade: Swing Trade
As a Daytrade: Look for $2.3750 move off buy area
STOCKS TO WATCH: (NASDAQ:SKYM) & (NASDAQ:GMAI)
Stock Fans! We are happy you are enjoying TOP 25 e-Commerce Christmas Stocks. (http://www.bigplaystocks.com/ecom.html)
Our TOP 25 List is an excellent tool to show the moves these stocks made last year. The information is great to give us an idea of what might just be coming. Most of if not all of the TOP 25 stocks on that list have seen signifacant moves in volume. This in trun will take the stocks higher.
2 more stocks to add to that list made significant moves last week they are SkyMall (NASDAQ:SKYM) & Greg Manning Auctions (NASDAQ:GMAI) . Both of these stocks ran up nice on optimism of better then expected e-Commerce Christmas numbers last year.
They both made similar moves yesterday. As volume came into both and they both moved up nicely. VOLUMES is KEY is shows popularity. (NASDAQ:SKYM) last year ran from $9.00 or so to $44.00. Greg Manning Auctions (NASDAQ:GMAI) up more then $3.00 yesterday, is in the AUCTION biz so watch it close. Look for them to "gap up" slightly today then fall back on less volume. Find a range a move from there. Remember stock Fans! many of these e-Commerce Christmas stocks are heating up for what looking back to last year should be a great move coming all next week.
STOCKS ON OUR SCREENS TODAY:
Have a great day!
More to come...
and the BIGPLAYSTOCKS.com TEAM of TRADERS!