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The Play Of The Day
Tuesday, December, 7 1999
08:38 EST.
Good Morning Stock Fans!
Today's Play of the Day is Sagi, Inc,. (NASDAQ:SAGI)
Sage, Inc. designs, develops and markets high performance display processors used in digital displays, compatible with existing personal computers and display monitors, and emerging display devices, including flat panel monitors. Stock fans this stock is going places! I love these flat screen monitors! This stock has just finished its quite period and I am looking to see this one test new highs.
KEY INDICATORS (NASDAQ:SAGI)
Buy Area: $24.50 to $25.25
Sell Stop:$23.427
TARGET: $37.78 to $29.04
Time Frame: 1 to 4 days
Type of Trade: Swing Trade
Bonus Play #1 Autoweb.com, Inc. (NASDAQ:AWEB)
AWEB is an automotive Internet service which centralizes automotive-related commerce, content and community offerings to assist consumers in researching, evaluating and buying new and pre-owned vehicles. Stock fans this stock is moving higher on no real news. Volume is explosive and all of the timing indicators say this is a good time to get on the Autoweb!
KEY INDICATORS (NASDAQ:AWEB)
Buy Area: $12.00 to $12.00
Sell Stop:$11.59
TARGET: $13.21 to $13.80
Time Frame: 1 to 5 days
Type of Trade: Swing Trade
Bonus Play #2 Deltathree.com, Inc. (NASDAQ:DDDC)
Technology has made phone calls via the Internet possible, and deltathree.com wants to make them desirable and dependable.
The company manages an Internet protocol-based network that has nearly 45 points of presence in 27 countries. Customers place calls from PCs or standard phones at costs lower than those of traditional carriers. Users can also send e-mail and retrieve and forward voice mail, e-mail, and fax. Stock fans, here is a recent IPO that has sold off. Today is the 16th day of its "Quiet Period". I will be taking a 1/2 position and average down or up on weakness or strength, 10% below or above my entry.
KEY INDICATORS (NASDAQ:DDDC)
Buy Area: $24.50 to $25.25
Sell Stop:$22.975
TARGET: $27.78 to $29.075
Time Frame: 2 to 5 days
Type of Trade: Swing Trade
BONUS PLAY #3 : NORSAT INTL. (NASDAQ:NSATF)
Norsat International Inc. (NASDAQ:NSATF) designs, engineers and distributes premium products for use in the satellite wireless communications and cable television industries. Its Satellite & Cable group is a leading supplier of satellite signal receivers and other ground station equipment. The Company's Norsat America Inc. subsidiary operates a network of 14 branch offices across the U.S. and is a distributor of DIRECTV(R) satellite service to the direct-to-home (DTH) market and a DIRECTV(R) Master System Operator (MSO) for the multiple dwelling unit (MDU) market.
Stock Fans! This stock has had some impressive moves over the last 30 days that have taken it up from stock stuck in a rather narrow trading range of 4.00 to yesterday as it went up on over 1 million shares of volume another 2.00 plus to get to $12.06 a share. The news that has done it has been 2 releases.
The first one came on Nov. 10, 1999. When Norsat International Inc. (NASDAQ:NSATF) announced the closing of an 8 million equity private placement which strengthened its balance sheet and provided working capital to support its growth initiatives in the satellite communications industry. This announcement was the one that primary took the stock from $4.00 to over $8.00 a share
The second came on Nov. 17, 1999. When Norsat International Inc. (NASDAQ:NSATF) announced the signing of an agreement with Korean wireless communications systems developer, Millitron Inc., to supply outdoor unit (ODU) prototypes for integration into subscriber Satellite Interactive Terminals (SITs) to be field tested as part of the Multimedia Interactive Ka-band Initiative being undertaken by Korea Telecom. That news was primarily responsible for taking the stock to the $9.00 plus area.
Stock Fans! What strikes me about this stock is a couple of things that make this small cap (Canadian) NASDAQ Stock so attractive is 2 huge areas right now of focus on stocks that we have see sky rocket in value. The first is Satellite Communications better known as DIRECT TV. Yes, that stock that has gone from 14.00 less then 14 months ago to an astounding 160 plus then split 3 for 1 and is right back up to $80.00 plus again! (NASDAQ:DISH) . The fact that this company supplies this high flyer parts for its business makes it in many way as valuable as (NASDAQ:DISH) the present move that shares of (NASDAQ:NSATF) are enjoying certainly proves that! The second is the over seas DSL market places such as Korea, and China. This are is huge and it has taken such stocks as (NASDAQ:KOREA) and (NASDAQ:CHINA) to mind boggling price evaluations and market caps.
The best way to explain this "Play" is it is not meant to be a momentum play this stock could very well 5 to 6 months from now be a 40 dolor stock. We will look to play the moves on half our normal buying amount as shorter term say 3 weeks. However this stock is worth the extra time that it may take to move it. The volume continues to be outstanding with impressive buying. This stock could just be starting its major run when it is already up in less the 30 days more then 200%. That in itself is good enough for me!
KEY INDICATORS: (NASDAQ:NSATF)
Buy Area: $11.1250-$11.93750
Sell Stop: $9.93750
TARGET: $17.50-$20.00
Time Frame: 3 days to 3 weeks
Type of Trade: Swing Trade
Longer term (6months) TARGET: $40.00-$50.00
BONUS PLAY #4 LEAPNET (NASDAQ:LEAP)
Leapnet, Inc. (NASDAQ: LEAP), develops creative and technology solutions for the wired world by combining expertise in Internet advertising and development, global marketing communications and traditional brand advertising. More information on Leapnet (NASDAQ:LEAP) can be found at http://www.leapnet.com.
Stock Fans! This stock out of virtually nowhere yesterday on absolutely NO NEWS that could be found by our staff. (NASDAQ:LEAP) literally exploded on huge volume out of a very narrow trading range of 5.00 to 6.00 a place it had been stuck at for over 30 days to move in yesterday's session almost as high as 8.00 on volume of over 2 million shares more then a 300% daily increase over its 30 day average volume of 487,000 shares.
(NASDAQ:LEAP) has seen moves like this before in the past however it has been unable to hold them the fact that the stock went up over 40% yesterday may indeed this time as it was on overwhelming volume take it to high levels. The way we will look to play this one today is to get in with 33% our *normal share amount
(*Example say you want to own 1,000 shares total of this stock. The you would buy about 330 shares off open then another 330 near the middle of buy are and the last 33% near the low end of the buy area or into strength on a move to the upside. Sure you are making 3 trades but do the math an average of 60.00 for trades is a lot better on a run then going all in at the top of the buy area. )
We will use the following KEY INDICATORS for this stock today. We may have a nice are here to take advantage of more upside moves. One thing we know is big volume "popularity" more often then not means something may be up with this company.
KEY INDICATORS: (NASDAQ:LEAP)
Buy Area: $6.3750- $6.93750
Sell Stop:$5.1250
TARGET: $8.1250-$9.50
Time Frame: 2 to 5 days
Type of Trade: Swing Trade
TWO STOCKS THAT WERE PERHAPS OVERSOLD YESTERDAY ON BAD NEWS: (NASDAQ:CTIX) & (NASDAQ:DALN)
Stock Fans! Today we will look to take a smaller position in both (NASDAQ:CTIX) & (NASDAQ:DALN) right off the open today. Both stocks were crushed yesterday on huge volume as both received stern downgrades by brokers and hence investors for lack of a better word bailed at any cost to their shares. What sticks out here to me and makes sense to play off the open today is both these stocks were down more then 5 a piece at days end. Investors for the most part hate buying stocks that are what we call in trader slang as RED (down color for stock streaming quotes. They however on the other hand love chasing what we call the other side of the equation trader's slang GREEN stock (up color for stock streaming quotes).
What I want to point out here is both these stock have 3 to 5 point ranges in them at current levels. If they do what we call GO GREEN and up they only have to move 1/16 today off their open to do that. Watch the terminology here if the stocks then find 1 point gains watch investors come in and chase the stocks for further moves.
SPECIAL NOTE: BOTH STOCKS ARE TO BE AVOIDED LONGER TERM. However they may just be perfect today right off the open to make a quick 2 points and then move on. This is what we will attempt to do!
KEY INDICATORS: (NASDAQ:CTIX) & (NASDAQ:DALN)
Buy Area: OFF OPEN
Sell Stop: 1.50 points below buy price
TARGET: 2 points Higher then The OPEN
Type of Trade: LESS THEN ONE DAY DAYTRADE
Time Frame: 60 mins or less after buying
STOCKS ON OUR SCREENS TODAY:
GMAI
GEEK
GERN
CYGN
MEDX
NMGC
XCED
MSCP
BKS
FOX
VRIO
SRNA
DWTI
MKTY
CLTR
SNRS
BEAM
TCSN
NSOL
ATON
MACR
DVNT
UBID
IWIN
ORCL
PSFT
ABTL
MSGI
GO
USWB
SPNW
OPEN
NTRX
Have a great day,
The Stock Jock and his Team of Traders |