The Play Of The Day
March 1, 2000
09:01 AM EST.
Good Morning Stock Fans!
Today's Play of The Day is: Integrated Silicon Solutions (NASDAQ:ISSI)
Integrated Silicon Solution, Inc. (NASDAQ:ISSI), the advanced memory solution company, designs, develops and markets high performance SRAM and DRAM memory devices as well as certain EEPROM, embedded memories, voice products and microcontrollers. In addition, ISSI's affiliate, NexFlash, produces serial and parallel Flash devices. ISSI's products are used in telecommunications, data communications, networking systems, personal computers, instrumentation and consumer products
Wit SoundView said on Tuesday that analyst Scott Randall had raised his price target to $35 from $22 for Integrated Silicon Solutions Inc. (NASDAQ:ISSI) and reiterated his buy rating. The fiscal 2000 earnings estimate was raised to $0.42 from $0.40. The fiscal 2001 estimate was raised to $1.10 from $1.08. Presumably off that upgrade shares of (NASDAQ:ISSI) were up more then $2.50 yesterday to close at $27.81250 on increased volume of 2.7 mill more then 200% more then its 30 day average volume of 863,000 shares trading yesterday.
The stock came on into to close and found its way over $28.00 a share before it succumbed to a few profit takers selling off into close. The market makers of this stock looked to have benn more then happy to buy ISSI shares at a discount yesterday as they gobbled shares up with ease under $28.00. Shares of (NASDAQ:ISSI) has more then 1 million shares trade in the 27.50 to 28.18750 area yesterday. With such an increase in volume the stock looks to be piling on investors and ready to break open and run on momentum. We like (NASDAQ:ISSI) off today's open to fall back and retest $26.00 are. We are then looking for this stock to have more buyers then sellers in quest of the $35.00 Target that Wit SoundView placed on it yesterday.
KEY INDICATORS: ISSI
Time Frame: 5-7 days
Type of Trade: Swing Trade.
BONUS PLAY #1: Lycos, Inc (NASDAQNM: LCOS)
One of the fastest-growing companies barreling down the information superhighway, Lycos remains an independent player on the portal playground. The Lycos Network (Lycos, HotBot, Quote.com, and other Web sites) is visited by more than 31 million people each month and features Web searching, chat rooms, e-mail, news, auctions, and homepages. It also offers free Internet access. Although some 70% of Lycos' revenue comes from advertising, it also generates sales through e-commerce and licensing agreements. Lycos has formed an Internet investment partnership (Lycos Ventures) with several entities, including Paul Allen's Vulcan Ventures and Bear Stearns. Internet investment firm CMGI owns nearly 17% of the company.
Stock Fans, wow it is hard to believe that this stock is back to where it was in early December. Lycos chart is one of the reasons I am not a long term investor. Look at the chart. It is filled with valleys and peaks. Lycos is oversold and looks to bounce!
KEY INDICATORS: LCOS
Buy Area:$58.75 to $59.75
TARGET: $65.7188 to $68.125
Time Frame: 2-5 days
Type of Trade: Swing Trade
BONUS PLAY #2: Concur Technologies, Inc(NASDAQNM: CNQR)
Concur Technologies, Inc. is the leading provider of workplace eCommerce solutions that automate costly and inefficient purchasing and business processes. Concur's suite of solutions include corporate procurement, human resources self-service, and travel and expense management, integrated through the Concur eWorkplace enterprise business portal. Concur's solutions are provided in licensed and ASP models. Concur's global trading network, Concur Commerce Network, links buyers with suppliers to conduct business-to-business eCommerce for corporate goods and services.
Stock Fans, this company is a stock we have played several times. It's closing price and volume say that this stock is back in play. Lots of news and lots of deals. Looking to take another chunk out of the middle!
KEY INDICATORS: CNQR
Buy Area:$23.50 to $24.25
TARGET: $26.68 to $27.88
Time Frame: 2-4 days
Type of Trade: Swing Trade
BONUS PLAY #3 Connectics Corp (NasdaqNM:CNCT)
Connetics Corporation (NASDAQ:CNCT) is focused on the acquisition, development and commercialization of marketed and late-stage products. The Company's product and commercial focus is initially targeted at rheumatology and dermatology, two specialty medical markets. The Company currently markets Ridaura (auranofin), a treatment for rheumatoid arthritis; and ACTIMMUNE (interferon gamma-1b), a treatment for chronic granulomatous disease. On March 1, 1999 the Company received clearance from the FDA to begin marketing Luxiq (betamethasone valerate) Foam, 0.12%, a product to treat corticosteroid-responsive scalp dermatoses. The Company has several products in development including ConXn (recombinant human relaxin H2) targeting scleroderma, organ fibrosis, and infertility; OLUX (clobetasol propionate) Foam, 0.05%, a novel formulation for the treatment of severe scalp dermatoses; and interferon gamma for the treatment of certain congenital, infectious and other diseases.
Looking at all the biotech stocks which most of them have gone from 1 or 2 to 20 or even over 100. CNCT only risen from 4 to 13 13/16 while CNCT revenue has grown from 5 mil to 38 mil and CEO projects good growth ahead. CNCT could be well worth over $20 per share.
Angiogenesis is the buzz word with this stock. This sounds pretty much the same as what CLTX is doing - theyre at $40+ with stage III results due in a few months...and this angiogenesis word seems to be popping up all over the place!
Let's try our hand at one of these wild biotechs! Chart looks great for a breakout.
KEY INDICATORS: CLTX
Buy Area: $13.50 - $14.25
Sell Stop: $12.50
Time Frame: today
Type of Trade: daytrade
STOCKS ON OUR SCREENS TODAY:
UBID- With CMGI going wild on volume and optimism over future value, and quaterly earnings this month. UBID should find 35.00 as its a cheap way to play CMGI
PTEK- Reported stellar numbers after bell yesterday. $12.8750-$13.00 resistence.
AMTD- Spike on open today of $19.50
SWS- It finished at day high looks good for $50.00 move.
EGRP- Chart says more upside coming
SCH- It broke out as we predicted it would. We like a $40 test then more.
IFCI- Great numbers buyers at $29.00 in size yestersday. We like that area again today.
WWFE- CBS may invest 100 mill in its stock. CBS may also get to air WWFE with this investment.
USAI- Barry Dillar could lose his lucative WWFE TV deal.
BIOI- We said 26-32. We will sell this one on open today as it was an ALERT EMAIL buy on close on Monday Feb 28 @ 20.8750 bid. We like an open of 26-27 and today.
EMRG- A major winner! We called it at 43.00 4 days ago it found 54.93750 yesterday. We will sell this one into strength today.
AOL- It looks for 60-62 today
HEAR- Closed at $22.00 in after hours day high of $22.3750. We like $26.00 on this one as our ALERT EMAIL desribed.
IMPT- Closed at day high. We like $42 for this one 5 days
MSGI- The stock is coming on strong again $32.00 is in line as our target.
SPDE- We played it up and down several times yesterday. It closedd over $20.50 coming on into the close. it was down in after hours on very low volume. We like a test of $18.43750-$18.25 today. If it loses 18 we sell and move on as we bought it back into yesterdays close.
IIXL- Closed at day high looks good to follow thruogh
RTHM- Beat Steet! It lost less then expected. We are looking for a $39.00 move today.
JBOH- This stock lost major support at 10.00 about 3 months ago. It may get that back in next 2-10 days. JBOH a value play at current levels. Always viewed as a buy out target.
XYBR- Bottom is $13.50
Have a great day!
More to come.....
and BigPlayStocks.com Team of Pro Traders!