The Play Of The Day
Feb 24, 2000
8:33 AM EST.
Good Morning Stock Fans!
Today's Play of The Day is: Deltathree.com, Inc (NASDAQNM: DDDC)
Deltathree.com, Inc. is a provider of Internet Protocol (IP) telephony services and other enhanced Web-based communications services to individuals and businesses worldwide. The Company use its privately managed global IP network to enable its users to make low-cost phone calls from either a personal computer or a standard telephone. Through its interactive communications portal, users can also retrieve and forward voice mail, e-mail and faxes and send e-mail using one unified mailbox from anywhere in the world at any time.
NEW YORK--(BUSINESS WIRE)--Feb. 23, 2000--deltathree.com, Inc. (NASDAQ:DDDC - news), a global provider of IP telephony services and other enhanced, web-based communications services to individuals and businesses worldwide, today announced that it made available direct access from nine European countries including Germany, Austria, France, Finland, Sweden, the U.K., Spain, Italy and Switzerland.
Oversold and bouncing. I am looking to carve some profits on the bounce
KEY INDICATORS: DDDC
Buy Area:$42.25 to $42.75
TARGET: $47.025 to $49.1625
Time Frame: 2-5 days
Type of Trade: Swing Trade
BONUS PLAY #1 Westell Technologies Inc. (NASDAQ:WSTL)
Westell Technologies, Inc, (NASDAQ:WSTL) headquartered in Aurora, Illinois, is a holding company for Westell, Inc. and Conference Plus, Inc. Westell Inc., Westell's products business, supplies DSL Customer Premise Equipment, DSL and Telephone Access Systems and monitoring and maintenance equipment for demarcation points in telecommunications networks. Conference Plus Inc., Westell's service business, is an Application Service Provider, hosting and providing audio, video, IP conferencing and support services. The Company serves ILECs, CLECs, alternative carriers, and Fortune 100 companies in North America, and through partners and reseller programs, telecommunications companies around the Globe.
Warburg Dillon Read analyst Anton Wahlman raised his price target on telecommunications equipment company Westell Technologies Inc. on Wednesday; boosted target to $48 from $20. "Westell continues to be our favorite near-term risk/reward story as investors get back into this name after after a few years in the dark.
The stock has indeed made its way back after being almost forgotten about in the sector in the past. It was the beneficiary of live mention on CNBC by a fund manager last week. That exposure "The CNBC Factor" sent the stock flying up more then 5 to the low 30's. Since that time it has retraced nicely on less volume. It looks very much like it is ready now after yesterdays big volume and, and strong close to follow through and find its way back to $32.00-$33.00 area over the next 1-5 days.
KEY INDICATORS: WSTL
Buy Area: $28.3750-$29.00
Sell Stop: $2
Type of Trade:
BONUS PLAY #2: America Online (NYSE:AOL)
America Online, Inc., founded in 1985 and based in Dulles, Virginia, is the world's leader in interactive services, Web brands, Internet technologies, and e-commerce services. America Online, Inc. operates two worldwide Internet services: America Online, with more than 20 million members, and CompuServe, with more than 2.2 million members; several leading Internet brands including ICQ, AOL Instant Messenger and Digital City, Inc.; the Netscape Netcenter and AOL.COM portals; the Netscape Navigator and Communicator browsers; AOL MovieFone, the nation's # 1 movie listing guide and ticketing service; and Spinner Networks and NullSoft, Inc., leaders in Internet music.
Merrill kept its America Online rating of near- and long-term buy, while setting a 12-18 month price target of $90 a share
AOL a value stock? Oversold? Undervalued? Here is a chance to buy a leader on sale.
KEY INDICATORS: AOL
Buy Area:$56.50 to $57.25
TARGET: $62.98 to $65.8375
Time Frame: 2-5 days
Type of Trade: Swing Trade
"RUN THE OPTIONS!"
AOL April 2000 $70.00 option calls
Near term we like AOL March $65.00 option calls
STOCKS ON OUR SCREENS TODAY:
XYBR- It came on late in the day and close at it high. If it can break 16.8750. It is on track to take a shot at the 20's and all time highs.
EGGS- Reported record numbers with 45% growth. We will keep an eye on EGGS for further upside today. We believe EGGS has to merge with a bigger or player or be bought out to survive longer term. YHOO, CMGI, AOL all likely suitors
IATV- The stock has been punished on more shares in the float causing high volatility $25.00 looks to be solid support on this one.
VDAT- It has had a nice range needs more volume. Last spring this one found 40's. Always a buyout candidate
QUST- Stock has been building nicely. We have our eye on it for what could be good news upcoming judging its action of late.
ESPI- Held sell stop looks good to make that run soon as option buying indicates
NPLS- This stock looks as if it wants high 40's soon
AWRE- Been on a tear. It is in reach of all time highs as it doubled in Feb alone.
BIOI-Came back nicely yesterday. Range indicates 32 is top in this upward cycle.
IFCI- We still like $35.00. Support $27 now
SCON- May retest $40. We like it to trade sideways before going higher
PRTL- Sees added revenue for its new portal
ENER- Held sell stop it still has a chart that indicates 30's again soon
ENFX- Looked oversold yesterday. Fuel Cell stocks can go in and out of favor quickly. The overall trend is higher, however.
TRAC- Looks like it is gathering for further upside.
VRTL- It has been strong of late. It may see 25 shortly after open today. We like it to rest after that.
IWAV- 50 looks to be soon. 60 is possible 2 weeks.
IMPT- quiet period ends today. This one may come on and see 45 ahead of that.
Have a great day!
More to come...
and BigPlayStocks.com Team of Pro Traders!