The Play Of The Day
11-04-99 08:52 EST
Good Morning Stock Fans!
Today's Play of The Day is: Jupiter Communications (NASDAQ:JPTR)
Today's Play of the Day is Jupiter Communications (NASDAQ:JPTR) . Stock Fans, I have been watching this one since its recent IPO debut on 10/8/99. It never ran, which surprised me. Well, the cat is out of the bag and earnings were announced last night. Now I expect this baby to run!
November 3, 1999 04:44 PM
NEW YORK--(BUSINESS WIRE)--Nov. 3, 1999--Jupiter Communications, Inc., a leading provider of research on Internet commerce, (NASDAQ:JPTR) today announced revenues of $12.7 million for the third quarter ended September 30, 1999, an increase of 147% from $5.1 million for the third quarter ended September 30, 1998. Net income for the third quarter of 1999 was $788,000, up from $24,000 in the comparable period of 1998.
I expect this one to run big over the next couple of days. It closed at $36.00 and traded after-hours to $39.00 a share. I will be looking to enter near the open with a partial position of my normal shares. I will be buying more shares into strength and average down above support.
Buy Area: $38-$39
Sell Stop $35.75
Time Frame: 1 to 5 days
Type of Trade: Daytrade
#1 BONUS PLAY LYCOS (NASDAQ:LCOS)
Stock Fans! Today I am going to go with the popular search engine with the dog as my "Play of The Day! . I like (NASDAQ:LCOS) daily chart and is starting to bounce off its 50 day moving average. (NASDAQ:LCOS) reports earnings on 11/16/99 I expect it to run on speculation of good numbers. Not to mention that volume on this one has been building in a positive way. If history is any indicator (NASDAQ:LCOS) can is always a take over target and can run right up into another split. (NASDAQ:LCOS) has not disappointed ever on numbers that I can recall. The RISK is low here the REWARD is high. With that in mind and the preceding all looks good for our shares and the (NASDAQ:LCOS) dog to move up value from here.
Buy Area: $53.25 to $54.00
Sell Stop: $50.93750
Time Frame:( 3- 10 days)
Type of TRADE: Swing Trade
#2 BONUS PLAY: AMAZON.com (NASDAQ:AMZN)
Amazon.com. (NASDAQ:AMZN) If you ever like a stock as a buy because of it forming Chinese candles in its chart formation. This type of formation usually means high prices are ahead and more volume is coming to make that happen (All in all in short a bullish formation) (NASDAQ:AMZN) has made great improvements and remains a premiere Internet site. I expect them to have a blowout holiday season. Many analyst love this stock as they and many investors will remember Christmas past when (NASDAQ:AMZN) losing money was not on anyone's mind. Instead it was how high can it go today. Look for that to return to the chats again soon. I want to get in early on a stock that just has no quit in it when it gets going.
Buy Area: $65.00 to $65.50
Sell Stop: $62.75
TARGET: $72.00 to $76:00
Time Frame: 2- 10 days
Type of Trade: Swing Trade
STOCKS TO WATCH:
(NASDAQ:NXCD) is under 30.00 again. History over the last 5 months has not seen it stay there long. This a good spot to buy it. (NASDAQ:SPLN) is over $40.00 for the first time since March 1999. (NASDAQ:SPLN) a good bet to go higher from here.
(NASDAQ:SHRP) I had (NASDAQ:SHRP) up on my screen yesterday as a November 1998 e-Commerce possible runner for 1999. We didn't wait long as (NASDAQ:SHRP) exploded $12.6875 all the way to $16.00.
(NASDAQ:IATV) If you were in my LIVE TRADING ROOM yesterday then you were able to get into shares of (NASDAQ:IATV) With it scheduled to report earnings tomorrow (NASDAQ:IATV) also has news today of a pact with (NASDAQ:LWIG) and is indicated up 1.50 to 18.50 today after it closed at 17.00 even yesterday on a little less then 2 mill shares trading. Look to get this one on weakness to $17.3750-$17.8750
IPO KICK OFF (also available at http://www.bigplaystocks.com/net.html
Cobalt Networks (NASDAQ:COBT)
Offering products such as the 'Qube' and the 'Raq', our IPO of the week enables small and medium sized companies to cost effectively establish a web presence. Their products are server appliances that are dedicated to performing specific network tasks, such as e-mail, file serving, and e-Commerce, very well. They are based on a tailored version of the Red Hat Linux operating system and are designed to be reliable and stable. Their low price points ($999-$1800) and easy installation has translated into very rapid sales growth for Cobalt. While the company is still very small, it recently signed a deal with PC powerhouse Gateway to co-market its products.
Price range: $14 - $16
Shares Offered: 5.0 million
Lead Underwriter: Goldman Sachs
Similar Companies: Network Appliance (NTAP), Red Hat (RHAT)
Expected open $94.00 - $98.00
STOCKS ON MY SCREEN TODAY:
DCLK - powering towards a split
Have a great day!
I will be in and out of LIVE TRADING ROOM today. This does not happen often, but today will be that exception as SJ has a case of the 24 hour bug! Look for SAGO our new LIVE TRADING Monitor to run the room today. I will make an appearance or two throughout the day- SJ
More to come....