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The Play Of The Day
December 28, 1999
8:45 AM EST.
Good Morning Stock Fans!
Today's Play of The Day is: CAIS INTERNET
CAIS Internet, (NASDAQ:CAIS) is a leading broadband access solutions company. (NASDAQ:CAIS) provides customers with comprehensive high speed Internet solutions while at home in apartments, at work in small-to-medium businesses, or on-the-go at hotels, airports, travel plazas, cruise ships and retail stores.
Whether it's an innovative solution for DSL & leased-line dedicated access, creating an in-building network for multiple users, or providing a public area Internet kiosk, the company delivers a cost-effective, easy and convenient Internet experience for customers.
Last week the stock had news in the midst of the (NASDAQ:JWEB) explosion. It received an upgrade that caused it to gap up to over $28.00 on Tuesday of last week. Following the gap up on open the stock went as high as 36.00 an area it closed at yesterday. It then on heavy volume and a CNBC mention thrown in went to 40.00 near the close last Tuesday as it went as high as $40.00.
What we like about the stock today, is the ability it has shown to retrace its recent gains dropping yesterday back to that gap up area of 28.00 on much less volume before joining the NASDAQ Market trend on close and moving up all the way back to over 36.00 a share on close.
The stock looks very strong at current levels. It has filled in its recent open gap left in the trading range and now looks very much like it wants to find the 40's sooner then later. The volume continues to be strong as it traded nearly 1 million shares in an impressive trading range. Today, we will look for a small pull back to the 34.00 area where it appears to have support and then it should begin its run higher from there. We like this stock to not only make a run into the 40's but it could very well make the half century mark over the next few weeks.
KEY INDICATORS: (NASDAQ:CAIS)
Buy Area: $34.00-34.75
Sell Stop: $31.93750
TARGET: $42.50-$45.00
Time Frame: 2 to 9 days
Type of Trade: Swing Trade
BONUS PLAY #1 ACT TV (NASDAQ:IATV)
Stock Fans! we have profiled this stock many times before here at BigPlayStocks.com. It has been one we have played on and off over the last 5 months from an area of about 12.50 all the way up near current levels of just under $40.00.
The stock is looking very good at current levels as it is in the field of Digital TV (high definition television) This type of technology has brought such stock as (NASDAQ:WINK) and (NASDAQ:OPTV) both IPO's from 1999 to the for front. The fact that Digital TV's will be a big part of the new millennium's first year it is no surprise that (NASDAQ:IATV) has made a nice move of late and now threatens to make the 40's very soon, perhaps today.
This stock made a great run yesterday as it held up well then closed right about at its high just under $40.00. It looks like it can run higher from here and take a great shot at being a $50.00 stock maybe even before the end of the year. It looks to have ideas to possibly be the type of stock that could bring prices of over $100.00 early next year.
KEY INDICATORS:
Buy Area: $38.6250-$39.25
Sell Stop: $35.00
TARGET: $44.93750-$49.93750
Time Frame: 2 to 5 days
Type of Trade: Swing Trade
STOCKS TO WATCH:
Those online broker have began to move finally! It looks like perhaps the secondary online brokers may move soon. They are worth watching at the very least today. The symbols again are as follows.
NITE, SIEB, SWS, NDB, TWRS, JBOH, DIR
SWS - This stock looks to be the best play currently of all of them, as it may break back into the 30's again very soon.
STOCKS ON OUR SCREENS TODAY:
HSAC
KTWO
IONN
NXCD
XYBR
FIBR
DSLN
AOL
IMMU
YHOO
JWEB
XPDR
PFWC
LCOS
ESHR
SCOC
KIDE
SILK
FDX
PWCC
USWB
WEBT
DIGX
RRRR
BWEB
RRRR
KIDE
ELCO
UBID
BIDS
IATV
PERL
PSFT
IIXL
ASDS
WCAP
MSGI
Have a great day!
More to come.....
Stock Jock!
and BigPlayStocks.com Team of Traders |