The Play Of The Day
December 15, 1999
Good Morning Stock Fans!
Today's Play of The Day is: High Speed Access (NASDAQ:HSAC)
High Speed Access Corp. (NASDAQ:HSAC is a leading provider of high-speed Internet access via cable modem to residential and commercial end users in exurban areas. The Company believes that it provides the most comprehensive turnkey solution available to the cable operator. Its service enables subscribers to receive Internet access at speeds substantially faster than traditional Internet access at minimal cost to the cable operator. HSA is also engaged in the deployment of IP telephony, video conferencing, high-quality audio and distance learning, e-commerce applications, set-top boxes and other interactive services. HSA enters into long-term exclusive contracts with cable operators to provide them with the Company's services. The Company pays its cable partners a portion of the monthly fees it receives from the end users in exchange for the opportunity to access and provide service to the cable partners' subscribers.
We have been watching this one over the past few days, and keeping a close eye on its volume. It appears as if it has now washed out as the sellers look to have exited the stock. Although the volume was heavy yesterday this stock appears to be ready to bounce off its current suport level of $19.3750. We like the stock to not dip under the $20.00 level very long. Another indicator that this one may have found the bottom is the tight range on big volume of over 1.2 million shares yesterday in a
fairly wide ranged NASDAQ Market.
KEY INDICATORS (NASDAQ:)
Buy Area: $19.3750-$19.6250
Time Frame: 1 to 5 days
Type of Trade: Swing Trade
BONUS PLAY #2 Walt Disney Company (NYSE:DIS)
Walt Disney Company (NYSE:DIS), is a diversified worldwide entertainment company, operates in three segments: Creative Content, Broadcasting, and Theme Parks and Resorts. Yah right, like you didn't know that! Walt Disney Company stock fans is one of the few big companies that has not broken its trading range. DIS indicators, volume, RSI, Stochastics (Toy Story, TV deals, ESPN, ABC, New Theme Park, GO.com, etc. etc) all say it is time to buy! We're betting on the Mouse House!
KEY INDICATORS (NYSE: DIS)
Buy Area: $27.88 to $ 28.25
TARGET: $31.075 to $32.48
Time Frame: 2-10 trading days
Type of Trade: Swing Trade
"RUN THE OPTIONS!"
The stock options we like best here are the (NYSE:DIS)
January, 2000 $30.00 Option Calls.
"LITTLE RISK TO DOWNSIDE": Ashford.com (NASDAQ:ASFD)
This one stopped out at $16.75 a day or to ago. Yesterday it hit its low as the NASDAQ market was down only 30 points or so yesterday. This stock then late in the day when the NASDAQ market really gave way to profit taking this stock actually traded off it low and higher to close more then $0.65 higher then its low of the day. That is not to bad for a stock that is trading currently at only 15.68750 a share. This one has found bottom and looks have many more buyers then sellers at 15.00 a share only $0.68750 less then where it closed at today.
KEY INDICATORS: (NASDAQ:ASFD)
Buy Area: $15.1250-$15.93750
Sell Stop: $14.93750
Time Frame: 2 to 10 days
STOCK TO WATCH TODAY OFF OPEN: (NASDAQ:ADSX)
Nice news today, as it announced it has acquired the rights to the worlds first digital device. The stock looks good at $8.00 to $8.1250 today. It may make a run at $10.00
STOCKS ON OUR SCREENS TODAY:
ESTM- yesterday's Play of The Day once again a head of the crowd! Today's news with Mr Softee (NASDAQ:MSFT)
AOL -Support at $87.43750 it loses that next stop is $85.00
QCOM- Short to $390.50
More to come......
Have a great day!
and BigPlayStocks.com Team of Traders.