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The Play Of The Day
November 30, 1999 08:40 EST.
Good Morning Stock Fans!
Today's Play of the Day is Korea Thrunet (NASDAQNM:KOREA)
Korea Thrunet Co., Ltd. is the leading provider of high-speed Internet services in Korea, with 90,693 end users as of September 30, 1999. Thrunet Service features ``always-on'' Internet access at speeds up to 100 times faster than traditional dial-up Internet access, with compelling multimedia content ranging from on-demand music videos and Internet telephony to multimedia bulletin board and multimedia chatting services. Korea Thrunet also provides facilities-based data communications services to more than 100 corporate customers in Korea, including several major telecommunications carriers such as SK Telecom Co. Ltd. and Shinsegi Telecomm Inc. Stock fans we need this service here! MSFT has exercised options adding to its holdings of this Company. I like taking a position here. I will take a 1/2 position today on any morning dip.
NEW YORK (Reuters) - Korea Thrunet Co. Ltd. (NasdaqNM:KOREA - news) said on Wednesday software titan Microsoft Corp. (NasdaqNM:MSFT - news) would exercise its option to buy another 6-percent stake in the Seoul-based Internet service provider, bringing its stake to 10.5 percent.
(NASDAQ:KOREA) NEWS LINK:
http://dailynews.yahoo.com/h/nm/19991125/wr/tech_koreathrunet_3.html
KEY INDICATORS (NASDAQNM:KOREA)
Buy Area: $48.50 to $49.75
Sell Stop:$46.0625
TARGET: $54.725 to $57.10 plus
Time Frame: 2 to 7 days
Type of Trade: Swing Trade
#1 BONUS PLAY Hotjobs.com (NASDAQ:HOTJ)
With the tight labor market employers are looking to the web to hang their Help Wanted signs. HotJobs.com Ltd. (NASDAQ:HOTJ) is the only five-star job board, according to PC Computing magazine, and the most recognized Internet job site, according to an independent poll conducted by Opinion Research Corporation International of Princeton, New Jersey. HotJobs.com enables a direct exchange of information between job seekers and employers through its flagship Web site, http://www.hotjobs.com. Over 2,500 member employers with more than 3,000 recruiter Web stations subscribe to the HotJobs.com (NASDAQ:HOTJ) online employment exchange. The Company also provides employers with additional recruiting solutions such as its proprietary Softshoe® recruiting software, its WorkWorld job fairs, online advertising and consulting services.
(NASDAQ:HOTJ) NEWS LINKS:
Hotjobs.com (NASDAQ:HOTJ) announced a major advertising push including 2 Super Bowl ads.
http://biz.yahoo.com/prnews/991129/ny_hotjobs_1.html
KEY INDICATORS (NASDAQ:HOTJ)
Buy Area: $30.00 to $30.75
Sell Stop: $28.44
TARGET: $33.825-35.3625
Time Frame: 2 to 7 days
Type of Trade: Swing Trade
#2 BONUS PLAY ASPECT COMMUNICATIONS (NASDAQ:ASPT)
Aspect Communications (NASDAQ:ASPT) is the leading provider of customer relationship portals that enable businesses to ensure consistent interactions with their customers. Aspect's (NASDAQ:ASPT) leadership position in eCRM (electronic customer relationship management) solutions is based on its 14-year-history and more than 3,500 customer contact center implementations.
This stock was down yesterday on less volume then its 30 day trading volume average, as it dropped more then $3.00 to close at just over 35.00 a share. We like the stock today for 4 reasons.
1.) It is in the e-Commerce Business to Business Field. A sector that has been red hot of late.
2.) It is still relatively cheap at current pricing
3.) The likes of the a recent IPO. (NASDAQ:ASDS) (In the same field) has seen large volume over past 5 days showing this software and field has significant demand in current market place.
4.) CBNC's Squawk Box guest analyst profiled the stock today saying his firm owned 5% of the stock, and liked it current market evaluation, and current growth potential
5.) The trading chart on this stock would indicate a "Cup and Handle" formation showing its ready to make a move back up from 35.00 to 43.00 shortly.
KEY INDICATORS:
Buy Area: $34.94-$35.75
Sell Stop: $33.00
TARGET: $44.00
Time Frame: 2 to 7 days
Type of Trade: Swing Trade
As a Daytrade: Look for $38.00 as a place to sell today
#3 BONUS PLAY 1800-FLOWERS.COM (NASDAQ:FLWS)
1-800-FLOWERS.COM (NASDAQ:FLWS) a leading online retailer of thoughtful gift expressions for all occasions and a highly recognized brand, today announced the acquisition of GreatFood.com Inc., a leading online retailer of specialty and gourmet food products, for $18.5 million in cash.
1-800-FLOWERS.COM one week ago on November 22, 1999 announced a partnership to be featured on the worlds busiest web site portal YAHOO! (NASDAQ:YHOO)
Looking at (NASDAQ:FLWS) trading chart of late we see it has broken out of a rather tight trading range of $13.00-$14.00, a place it had been stuck at for most of November 1999. Over the past 2 days (NASDAQ:FLWS) had gapped up on news. It needs to now test this news and fall back as its volume yesterday was 591,700 more then 2 times its normal 30 day average volume of 258,000.
We will be looking for this stock to go higher over the next 2 weeks but it needs to test the price moves it has made over the past 2 days. Look for the stock to drop on less volume until it reaches its predicted buy area today.
KEY INDICATORS:
Buy Area: $15.00 -15.25
Sell Stop: $14.00
TARGET: $18.25-$19.1250
Time Frame: 5 to 12 days
Type of Trade: Swing Trade
As a Daytrade: Look for $2.50 points over buy area today.
STOCK TO WATCH: (NASDAQ:CNCX)
Stock looks oversold and has created a double bottom (usually indicates strong support) at its current price. We like this stock to bounce right off open today at $28.00 -$28.1250 and then make a move back up to $32.00 where it should be trading currently.
STOCKS ON OUR SCREENS TODAY:
EMUS - Buying Tune. Com. TUNE used to trade on NASDAQ before it was bought in June 1999. It went over $60.00 plus then
CNCX
PLRX
VUSA
DSCM
NETM
RRRR
RAMP
QQQ
ADSX
MDCM
EELN
MACR
NXCD
LVCI- great earnings reported yesterday after bell.
MRVC
WPNE
VVTV
VALU
WCAP
IATV
VDAT
STRM
NETE
MNFX
NXCD
IWIN
SRNA
WWFE
Have a great day!
More to come....
Stock Jock!
and BIGPLAYSTOCKS.com Team of Traders |