The Play Of The Day
December 29, 1999
08:40 AM EST.
Good Morning Stock Fans!
Today's Play of The Day is: CORNER STONE INTERNET SOLUTIONS (NASDAQ:CNRS)
This is yet another Business to Business (B2B) e-Commerce play. It only has 13 million shares outstanding and traded big volume yesterday of more then 3 million shares as it went up over 22% to close near 8.3750 per share. The stock is laready trading up in pre-market today. Looking at its trading graph of late if this stock can find 9.50 it looks very good to find its way back to 11.00 and then higher shortly there after. This company has created a solid trading range and looks to make a move as all that volume yesterday may have an effect today as the stock could possiably break out and run to new all time highs.
The stock appears to be low risk at curent levels and based on its recent high of over 12.00, good reward potetial. With all of this in mind the stock looks good today to take a postion in and hold for what should be if recent volume has anything to do with it nice gains upcoming today and beyond.
KEY INDICATORS: (NASDAQ:
Buy Area: $8.1250-8.43750
Sell Stop: $6.75
TARGET: $9.75-$12.00 plus
Time Frame: 1 to 3 days
Type of Trade: Swing Trade
BONUS PLAY - Paremetric Technology (NASDAQ:PMTC)
Parametric Technology (NASDAQ:PMTC), founded in 1985 and headquartered in Waltham, Mass., develops, markets and supports flexible engineering and collaborative product commerce (CPC) solutions that help companies spur innovation and achieve sustained competitive advantage. These solutions leverage PTC's leadership in providing manufacturing software that streamlines design and engineering processes, improves product quality and reduces cost and time-to-market cycles.
Shares of (NASDAQ:PMTC) have been as high as $36.00 as recently as 10 days ago. The stock did suffer some profit taking and sold all the way down to the mid $25.00 area as of yesterday's close. The stock has recieved some positive press today on CNBC as it was touted earlier today for its e-Commerce B2B application called WindShield. This program allows information to be downloaded in a properitery newtork withc automactilly improves a products downline system.
The stock is trading up today in pre-market mostly based on the fact that if it were to trade as a (NASDAQ:ARBA) does. Its estimated 2001 earnings would evalute this 25.00 stock at over $200.00 a share. (At least that is what today's active chat room are saying about it today!) It is defiently worth the risk here to get in on this stock at way below what evaluations suggest. it should have plenty of liquidity (volume ) today as it continues to pile on volume in pre market. Mentioning (NASDAQ:PMTC) with the likes of a high flying 1999 IPO such as a (NASDAQ:ARBA) makes this stock one that could explode to way over its all time price level of $36.00. All it needs is more volume to make the move to the upside.
KEY INDICATORS: (NASDAQ:PMTC)
Buy Area: $26.75-$27.93750
Sell Stop: $25.75
TARGET: $34.50-$35.00 plus
Time Frame: 1 to 7 days
Type of Trade: Swing Trade
STOCK TO WATCH TODAY: (NASDAQ:CNQR)
This stock was all over the news in realtion to yesterday's BIG WINNER (NASDAQ:ELCO). It is trading up in premarket already today it may rise in a hurry today as it could run up like (NASDAQ:ELCO) has already done.
STOCKS TO WATCH IN THE NASDAQ'S HOTTEST SECTOR
BUSSINESS TO BUSSINESS (B2B) e-Commerce.
* STOCKS FANS! BigPlayStocks.com. prides itself, and has been very sucessful in using a TEAM aproach to trading. If any of you have any stocks in this very HOT! Inernet realted B2B sector that you would like our staff of professional traders to take a look at. Email the symbols to firstname.lastname@example.org titel the email B2B Plays TEAM BPS.com. We will take a look at each one and evaluate it from there. NASDAQ traded stocks only please. Thanks BPS.com Team of Traders.
STOCKS ON OUR SCREENS TODAY:
DVNT- ALERT BUY EMAIL up from the close $1.00
DCLK -DLJ Target now $300.00. Based on recent aquistions.
QCOM. 1,000 TARGET Pain Weber. Believe it!
JWEB - Looks oversold here.
PILT- ALERT BUY EMAIL up $1.00 from close
SGAI - ALERT BUY EMAIL up $4.00 more from the close.
EGGS - Top 10 e-Comm Site.
Have a great day!
More to come.....
and BigPlayStocks.com Team of Traders