The Play Of The Day
November 26, 1999 07:59 EST.
Good Morning Stock Fans!
Shortened Session today Stock Fans! The markets will close at 1:00 PM EST.
It looks like we are in great position today to take even more advantage of the this year e-Commerce Christmas Stocks Run. CNBC arguably the most influential media source for the movement of the Markets has been talking about e-Commerce Christmas Stocks all morning long today.
As all of you know we have been recommending these types of stocks for almost 2 weeks now. We should be rewarded for our efforts further as the "Secondary" e-Commerce Christmas Stocks should now run off the recent big moves we have been able to take advantage off of the "Primary" e-Commerce Christmas Stocks that have already enjoyed big moves.
Today's Play of The Day is: ASHFORD (NASDAQ:ASFD)
Stock Fans! CNBC had an analyst on today at about 7:50 AM EST that said Amazon.com (NASDAQ:AMZN) as the top e-Commerce Christmas Stock to watch this Christmas Season. No surprise there. However he went on to stump CNBC's commentators today as he ranked the likes of Ashford.com (NASDAQ:ASFD) as his second choice. He went on to say that he sees the novelty of high end unique Christmas gifts this Holiday Season.
Ranking this stock so high and with the likes of the perhaps the most influential e-Commerce Christmas Stock (NASDAQ:AMZN). is huge. All it needs get a big move today. We liked this stock enough about a week ago to be a #1 BONUS PLAY, highlighting it uniqueness and low price at that time with potential for high gains going into this years e-Commerce Christmas.
Visit this page in our archives to see this play again:
http://www.bigplaystocks.com/theplayarchives/11.18.99.htm seeing it as a good
This stock if you missed it as a #1 BONUS play last week then today right off the open is
Today we will go in with 1/3 are normal buy position and buy this one into strength as it rises or buy more into a dip as it falls back.
Buy Area: off open today with 1/3 position
Sell Stop: $16.93750
TARGET: $23.50 - $29.00
Time Frame: 1 - 2 days
# 1BONUS PLAY: Sharper Image (NASDAQ:SHRP)
This stock had a great move a year ago today as it was part of the frenzy of e-Commerce Christmas stock that ran up on optimism of a huge online buying season for Christmas.
This stock we have also played before going 2 for 2 on it already this year. It being in the same filed as (NASDAQ:ASFD) should see a lot of action today. This appear to have more REWARD then RISK as it could go right into high 20''s in 1 day of action. All it needs is volume and this stock is off to races today!
Buy Area: Off open today $18-$20.00
Sell Stop: $17.1250
TARGET: $26.50 -$29.00
Time Frame: Today.
Type of Trade: Daytrade
OTHER STRONG e-Commerce Christmas Plays Today
EGGSD, COOL, SPNW, TCTY, HEAR, KIDE, GRIN, IWIN, CDNW, MPPP, LOOK, NXCD, PASA, ZANY, SATH., ETYS, DSCM,
STOCK TO WATCH: ARIEL CORP. (NASDAQ:ADSP)
Shares of Ariel (NASDAQ:ADSP) a maker of modem cards for Internet access providers, more than tripled after the company said several government agencies worldwide approved the use of its new product.
Ariel (NASDAQ:ADSP) rose $7.18750 to $10.75 in NASDAQ Stock Market trading of 46.8 million shares, more than quadruple the number of shares outstanding. It was the most active U.S. stock and the biggest gainer on the Nasdaq National Market. The shares rose as high as $17.00 after the 4:00 PM EST. New York time close of regular trading.
The company received certification for connection to international digital telephone networks in the U.S., Canada, most of Europe, Australia and most Pacific Rim countries. The new $9,100 card set costs $100 less for each user than comparable gear from Lucent Technologies Inc. or Cisco Systems Inc., two of the biggest Internet-equipment makers, Ariel said.
``The company is about to set the market on fire in terms of price,'' said Anthony Stoss, an EarlyBird Capital Inc. analyst in New York who rates Ariel a ``buy.'' ``It will be hard for Cisco to compete without destroying their margins.''
Ariel's new card set is plugged into a computer server to answer telephone calls for companies that provide Internet service. It answers the calls, then connects people to the Internet. The product runs on computers using both Microsoft Corp.'s Windows NT and Linux, a rival operating system. It will be available next month for both systems
Stock Fans! this stock could continue its move upward today. It should see huge volume again today as the comentators on CNBC should be ready to give us more information on this stock potential going forward. This kind of news for such a low priced stock may be just what online investors are looking for today as they should see big entertainment of this one today. Look for a dip of about $2.50 to $3.00 shortly after opening spike. This stock could then go perhaps over $20.00 today big volume and momentum will be all it needs as it already has major coverage.
KEY INDICATORS (NASDAQ:ASPD)
Buy Area: 3.00 to 5.00 less the where it opens today
Sell Stop: 2 under where you buy
TARGET: It could see 25 today or more!
Use CAUTION as it MOVES FAST!
*Congrats to Daytraders that took advantage of (NASDAQ:ASPD) on as we saw it at $6.1250 very early and ahead of most investors on Wednesday!
ALSO WATCH: (NASDAQ:ADAP) OFF (NASDAQ:ADSP) MOVE
This stock ran about 3 month ago off news of a high speed modem access card as well. It went over $20.00 form the mid single digits on huge volume similar to (NASDAQ:ASPD) This stock in the same field as (NASDAQ:ASPD) saw some late gains on Friday. It could be a sympathy play of (NASDAQ:ASPD) today. We will be watching it close!
(NASDAQ:QCOM) Wanna Be! (NASDAQ:NXTL)
Stock Fans! Joe Kerrnin of CNBC really helped the shares of (NASDAQ:NXTL) on Friday saying that many investors missing the amazing run that (NASDAQ:QCOM) has made $22.00 10 months ago to over 450.00 this past month.
STOCKS ON OUR SCREENS TODAY:
e-Commerce TOP 25 Christmas Stocks
Have a great day!
More to come....
and BIGPLAYSTOCKS.com Team of Traders!