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The Play Of The Day
December 8, 1999
08:45 EST.
Good Morning Stock Fans!
Today's Play of the Day is PFSweb,Inc (NASDAQ:PFSW)
PFSweb is the Internet's billing department. The firm provides transaction management services for electronic and traditional commerce, offering retailers and e-tailers order management, customer support, billing services, and distribution. Its approximately 30 clients (including American Eagle Outfitters, Hewlett-Packard, Nokia, and several divisions of IBM) sell apparel, sporting goods, computer products, and consumer electronics. One year sales growth 105%. Stock fans I like this stock as it has sold off since its IPO and am looking to take a position before the crowd runs this hot IPO up. 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:PFSW)
Buy Area: $36.25 to $36.875
Sell Stop:$34.20
TARGET: $40.56 to $42.40
Time Frame: 2 to 7 days
Type of Trade: Swing Trade
BONUS PLAY #1 MAPQUEST.com (NASDAQ:MQST)
MapQuest.com (NASDAQ:MQST) is a leader in destination information solutions and digital mapping services. Also, MapQuest.com (NASDAQ:MQST) licenses its technology to over 700 business partners. Through these licensing agreements MapQuest.com (NASDAQ:MQST) helps businesses integrate maps and driving directions into their Internet, intranet and enterprise applications for improved marketing and customer service functions.
Stock Fans! This stock has something going for it that may just help it find its way much higher in the coming days. It is very UNIQUE! The stock with it vast supply of information to provide geographic documentation is perhaps seen as a great commodity for many different larger more when known companies on the Internet. The likes of an Online Giant like an (NYSE:AOL) or perhaps a (NASDA:YHOO) could pull the trigger on a stock like this at any time and just flat out buy it.
The VOLUME yesterday on this stock was up more then 100% as it traded almost 1 million shares going as high as 28.00 in mid day trading to close up over $2.00 finishing the session at $27.00. The stock look as if on this volume outbreak we may seen news upcoming as the stock continues to surge up and through the 20's. It looks very much like more volume may come into the stock today. We are looking for this stock to see more highs in the coming days.
KEY INDICATORS: (NASDAQ:SRNA)
Buy Area: $26.93750-$27.25
Sell Stop:$24.93750
TARGET: $30.25-$33.50
Time Frame: 3 to 8 days
Type of Trade: Swing Trade
BONUS PLAY #2 SERANA SOFTWARE (NASDAQ:SRNA)
SERENA Software (NASDAQ:SRNA) is a global company providing software infrastructure products and consulting best practices that automate the management of enterprise software changes. SERENA (NASDAQ:SRNA) is headquartered in Burlingame, and maintains international offices in Canada, Germany and the United Kingdom. SERENA products are used at over 2,000 customer sites, including 80% of the Fortune 50. SERENA (NASDAQ:SRNA) can be reached through the World Wide Web at www.serena.com.
This stock went public all the way back in Feb of 1999. It over the past few months has made it way out of a quite narrow trading range of around 15.00 or so to find its way to the mid 20's on nice earnings and growth over the past 3 months. Yesterday the stock went as high as 34.00 and managed to close at that figure. The volume on this one has been pretty good of late with about 307,000 shares trading yesterday. This stock looks as if it really wants to be a $40.00 stock shortly as it continues to trade in a fairly tight range as it is in a nice uptrend. The stock looks as if it is getting ready for a run that should indeed take it to the low 40's shortly.
KEY INDICATORS: (NASDAQ:SRNA)
Buy Area: $33.00-$33.8750
Sell Stop:$31.43750
TARGET: $40.1250-$41.50
Time Frame: 3 to 8 days
Type of Trade: Swing Trade
STOCKS TO WATCH: ONLINE BROKERS HUGE VOLUME MEANS COULD MEANS BIG PROFITS!
Stock Fans! The volume on the NASDAQ since Oct 25 1999 has been absolutely amazing averaging more then 1.5 billion shares daily. We may soon see a shot near 2 billion in one day.
With all this VOLUME again much more then we saw in April and May 1999. It would seem to me that the Online Brokers are going to have stellar numbers to report in Jan of 2000. These stocks have been hammered off their April and May highs to fall more then 50% even 75% in some cases such as (NYSE:DIR) a stock that went public about 1 week ahead of Labor Day and almost found $50.00. Since then it has been crushed to under $20.00
Late in the day yesterday these stocks started to make a move. We may soon see these stocks really break out and explode into prices that we saw in April and May 1999. We certainly have the volume that has to be making these online brokers numbers looks tremendous!
THE PRIMARY ONLINE BROKER STOCKS:
SCH, AMTD, ERGP, MER, NITE
THE *SECONDARY ONLINE BROKERS: (*These stocks run after the primary runs do typically)
NDB, SWS, JBOH, DIR, TWRS, SIEB
ATTENTION STOCK FANS!
"THEY MAY RUN AGAIN!"
BIGPLAYSTOCKS.com TOP 25 e-Commerce Christmas Stocks.
Last year the e-Commerce Christmas Stocks after selling off into the first few days of December 1998 made a second surge back up and many went higher during that period last year as the increased traffic resulting in sales was started to be realized by many e-Commerce Christmas Stocks. Many companies therefore reported to analyst that they expected better numbers upcoming for the 4th Quarter that most companies will be reporting in mid to late January 1999.
With this in mind we will again be keeping a close eye on our BIGPLAYSTOCKS.com TOP 25 e-Commerce Christmas Stocks again.
The web address to find them is:
http://www.bigplaystocks.com/ecom.html
STOCK ON OUR SCREEN TODAY:
QWST
GOTO
ISLD
GO
MSPG
YHOO
STRM
WITC
SPLN
MACR
WCAP
ORCL
VISX
NTRX
OPEN
DCLK
RNWK
USWB
CNCX
BEAM
DVNT
CGLD
NSATF
RAMP
NPIX
SNRS
COOL
have a great day!
More to come....
Stock Jock!
and BIGPLAYSTOCKS.com Team of Traders |