The Play Of The Day
December 20, 1999
08:30 AM EST.
Good Morning Stock Fans!
Today's Play of The Day is: TiVO (NASDAQ:TIVO)
TiVo (NASDAQ:TIVO) is a creator of personal television. The TiVo (NASDAQ:TIVO) service lets consumers take control of their television viewing by allowing them to watch what they want, when they want.
TiVo (NASDAQ:TIVO) enables consumers to pause, rewind, instant replay and playback in slow motion any live television broadcast. As part of TiVo's easy-to-use service and unique technology, viewers can time-shift their favorite television shows and create a customized television lineup for viewing at anytime. TiVo's intelligent "thumbs up, thumbs down" ratings provide a personalized selection of new programming suggestions, which ensure that the TiVo enabled receiver is always able to provide the best programs available on television to fit individual viewer preferences.
The stock on NEWS came off the bottom of its trading range Friday and added on more then $5.00 as it made its way back into the 30's. This company is in a field that is looking to be huge as we start the new millennium. This stock on its IPO about 4 months ago ran up big into the high 50's. If it continues to get the kind of VOLUME it had on Friday, more then 1.5 million shares almost 3 times more then its 30 day average of 556,000. It could very well continue its move to the upside with a follow through today. It looks as if this one will pull back after opening higher today. We will look to take a position in the stock at just under $29.00 share today, and hold for a possible high 30's run. The stock has a history of moving fast.
Time Frame: 1 - 3 days
Type of Trade: Swing Trade
BONUS PLAY #1: Ameritrade Holding Corp. (NASDAQ:AMTD)
(NASDAQ:AMTD) provides retail discount brokerage services and related financial services, including electronic trading and market data and research services. For the 39 weeks ended 6/25/99, total revenues increased 95% to $226 million.
Stock Fans, here is a year end window dressing play. This is a must hold for into the new year. Ameritrade (NASDAQ:AMTD) is a fast growing online discount broker. It closed up on Friday, (when everything else was going down) and its closing price crossed its 10 day moving average. With the NASDAQ at an all time high, and with volume breaking records daily. (NASDAQ:AMTD) should have big numbers coming! The indicators say it is time to swing with Stuart!
KEY INDICATORS: (NASDAQ:AMTD)
Buy Area: $24.50 to $25.25
Sell Stop: $23.79
TARGET: $27.92 to 29.03
Time Frame: 2 to 7 days
Type of Trade: Swing Trade
BONUS PLAY # 2: Wit Capital Group, Inc (NASDAQ:WITC)
Wit Capital Group, Inc. (NASDAQ:WITC) is an Internet investment banking and brokerage firm that uses electronic mail and the Web to offer and sell shares in public offerings to individuals. (NASDAQ:WITC) also produces and disseminates investment research. For the nine months ended 9/30/99, total revenues totaled $27.6 million, up from $1.3 million. Stock Fans, yes you have seen this stock before. It is now at its base and should go higher.
1. Downside potential is about $.50 cents. Upside potential is $23.
2. End of year window dressing. Here is a internet Company that is selling at its lows. It has a 1.5 broker rating
(1= good, 5= bad).
3. It is rated 6 out of 28 on Yahoo's rating system.
4. No News, and especially no bad news.
Stock Fans, this market has ran and investors are starting to look for secondary plays that are financially sound and growing. Here is one that I am giving to you on a Big Play Platter!
KEY INDICATORS: (NASDAQ:WITC)
Buy Area: $16.50 to $17.15
Sell Stop: $16.078
TARGET: $18.8625 to $19.725
Time Frame: 1 to 4 days
Type of Trade: Swing Trade
STOCK TO WATCH TODAY: SANTA CRUZ OPERATION (NASDAQ:SCOC)
With the help of one of our LIVE TRADING ROOM regular members (Nickname "Peyton") We were able to identify this one ahead of the crowd. We were on it about 10 days ago seeing its worth then with Turbo LINUX applications up coming.
CNBC gave this one perhaps the best 3 seconds of air time it could as it appeared to late in the day on Friday accidentally put its trading chart up on the screen. With no explanation and up on its screen. CNBC spurred on investors to get in before the profiled and that is all it took to make it sky rocket up out of 19's and go as high as 29.6250 in after hours on over 6 million total shares.
In surfing some of the chats this weekend and message boards. It seems that everyone has heard of (NASDAQ:SCOC) now it may well make a move into higher 30's today as many investors are pegging this one to move like an IPO today It's not an IPO. However with it being a less then a day ago it might as well be. Investors on some major message boards were giving this stock some crazy evaluations. One thing looks certain today it should have big volume. VOLUME in the Stock Market = "Popularity" and that should in turn take it even higher. It makes sense to take a 30% position on this one on open or in pre market trading. Then add to it into strength as this one should continue to move until CNBC profiles it or it finds the 40's and who knows maybe more!
KEY INDICATORS: (NASDAQ:SCOC)
Buy Area: 30% position on open today. Example: If you want to own 500
shares total then buy 150 shares on open (30%) Look to add to it.
Sell Stop: $26.75
TARGET: 30's low 40's
Time Frame: Could be today
VOLUME will be KEY: 10 million takes it into 40's Today!
STOCKS ON OUR SCREENS TODAY:
BigPlayStocks.com TOP 25 e-Commerce Christmas Stocks: They look to have the 2 run in mind soon on a big rush of Christmas online shoppers!They can be found here:
ASDS- Friday's "Play of The Day!" Made nearly a 2 point move. It looks great for more.
CYBR- The stock may want $10.00 today.
SKYM- This one about a year ago ahead of numbers made a huge 30 point plus move. It was up $1.00 on Friday. Worth Watching
VDAT- It may make $17.00 its price soon
MSGI- Stock got hot on Friday. On be on look-out for further upside movement. 20's?
ASFD- Free shipping for Xmas. It should make a run to $20.00 soon
SPLN- All time high may come today then it should rest.
AOL- It may indeed test $80.00
PRGY- ISP's have lots of ads running for Xmas.
IWIN- New all time highs. We called it at 8 as it looks for 20's today.
CGLD- We had this one at 9.25 2 weeks ago it already found 20's
WCII- Wireless hot this one is going take a shot at 100's perhaps soon.
ISPD- DSL play looks ready to move
DGIN- Looks ready to run
TCTY- NBC's chat site online. Its popualr this time of year
RDRT- Big volume. May have further movement to upside.
BBBY- Heating up again.
HOTJ- Stock may run into 2000.
SBAS- $38.00 target can cause some serious momentum.
DVNT- All it needs is volume
AWRE- May go again
CNCX- Stock looks to have a wave of support at just under $30.00
DALN- Stock continues to come back off brokers saying it was ahead of itself
NTRX - NTRX/Open to merge NTRX should run ahead of that.
CMNT - Stock up nice on huge volume
HEAR- Mplayer.com top trafficked site for Christmas period!
LOOKS LIKE SPLIT RUNS ARE IN PROGRESS:
Have a great day!
More to come.......
and BigPlayStocks.com Team of Traders