The Play Of The Day

March 14, 2000
09:01 AM EST.

Good Morning Stock Fans!

Today's Play of The Day is: TECHNICLONE Corporation (NASDAQ:TCLN)

TECHNICLONE Corporation (NASDAQ:TCLN) is a biopharmaceutical company focused on the development, commercialization and licensing of unique technologies for the treatment of cancer, primarily based on its "collateral targeting technologies." These technologies therapeutically target cell structures and cell types, rather than surface cancer cells, as a means to attack solid tumors, without causing damage to surrounding healthy tissue. The Company has three collateral technologies: Cotara(TM), Vasopermeation Enhancement Agents (VEA), and Vascular Targeting Agents (VTA). The Company also has a direct tumor targeting agent called Oncolym(R) for the treatment of advanced non-Hodgkin's B-cell Lymphoma. Oncolym(R) has been licensed to Schering AG, Germany, which is now responsible for all existing and future Oncolym(R) clinical trial programs as well as marketing.

The stock looked very good coming back off opening lows yesterday of $9.50 to go all the way back up to $11.6250 on increased volume of more then 4 million shares. The stock held most of the gains as the NASDAQ experienced some late day selling into the close. Today the stock looks ready to hold 11.00 and could very well make the next move in its range back to where it found itself last week at $16.00 a share. The fact that yesterday's close was fractionally higher then Friday's in a down market sets this stock up well for a return visit back at $16.00 its current 5 days high in its trading range. It will take more volume then yesterday to begin its run back to the $16.00 mark. We will look to sell this one ahead of $16.00 hopefully on Thursday or Friday of this week.

KEY INDICATORS: TCLN
Buy Area: $11.6250-$11.1250
Sell Stop: $10.3750
TARGET: $15.1250-$15.50
Time Frame: 2-3 days
Type of Trade: Swing Trade

BONUS PLAY #1: Conductus Inc. (NASDAQNM: CDTS)

Conductus, Inc. develops, manufactures and markets electronic components and subsystems based on high-temperature superconductor technology for applications in the worldwide telecommunications market. The Company has developed its line of ClearSite front-end receiver subsystems for cellular and personal communications services base stations. ClearSite products can provide benefits in base station performance, reduce the size of the required filter components and enable network services providers to rapidly deploy new or upgraded systems for increasingly demanding environments. ClearSite products improve coverage, reduce interference and increase network capacity.

Stock Fans, CDTS crossed its 10 day moving average on strong volume. This stock said no to the Naz sell-off. I have been watching this and the entry here looks solid. Stochastic and MACD all indicate this is going higher. CDTS has a small 2.7 mil. float. It has a very high Relative Strength (RS) rating of 99 and it is being accumulated. The telecom suppliers are hot and I expect this to break to new highs for those willing to hold longer term.

KEY INDICATORS: CDTS
Buy Area:$54.00 to $56.50
Sell Stop:$52.10
TARGET: $62.15 to $64.90
Time Frame: 2 to 6 days
Type of Trade: Swing

BONUS PLAY #2: Celeritek Inc. (NASDAQSC: CLTK)

Celeritek, Inc. designs, develops, manufactures, and markets gallium arsenide radio-frequency integrated circuits and high frequency radio transceiver subsystems and components that provide core transmit and receive functions for wireless communications systems. Celeritek's sub-systems products are utilized in point-to-point and point-to-multi-point radios, satellite-based communications and defense electronics. The Company's semiconductor products are primarily used in telephones for cellular and PCS systems, and wireless local loop subscriber terminals. Celeritek's defense electronic products are for applications such as missile guidance, electronic countermeasures, and communications satellites. Celeritek sells its products worldwide to OEMs in commercial markets and prime contractors in defense markets primarily through a network of manufacturers' representatives.
Stock Fans, CLTK is in breakout mode. Another winner on a down day. Volume was 2 1/2 times average. It crossed its 10 day moving average and all indicators say go! CLTK also has a small 2.7 mil. float. It has a very high Relative Strength (RS) rating of 98 and it is being accumulated. The telecom suppliers are hot!

KEY INDICATORS: CLTK
Buy Area:$51.00 to $52.00
Sell Stop:$49.40
TARGET: $57.20 to $59.80
Time Frame: 2 to 5 days
Type of Trade: Swing

BONUS PLAY #3 Tellabs, Inc. (NASDAQ:TLAB)

This company, (NASDAQ:TLAB) designs, manufactures, markets and services voice, data, video transport and network access systems. The company's equipment is used around the world to transmit data, video, and voice signals. Customers include phone companies, cable operators, corporations and government agencies. Baby Bells account for nearly a third of sales, while foreign customers account for another third. We are hearing rumors of good news for the firm. Technical indicators suggest that recent upside momentum in the stock may continue. Currently, shares are trading at $55. Note that the company is making a presentation at the Merrill Lynch Telecom Conference on March 14th, at 10:45 am ET. This exposure may bring Tellabs to the attention of investors, adding to the demand for shares. The firm's P/E of 40.09 is at a significant discount to the industry average of 67.04. Sales during the most recently reported quarter increased 37.14 percent, when compared with the year-ago period. The company earns 24.11 cents in profit for every dollar of sales, far above the sector (9.04) and S&P 500 (12.12) averages. Management is effective, boasting a Return on Assets of 30.56 percent and a Return on Equity of 35.43 percent. Brokers recommend TLAB with seventeen "strong buys", twelve "moderate buys", and two "holds".
TLAB held up very well in the NAZ downdraft yesterday. Hot sector and this one looks to be on the rebound. Support has formed in the 54-55 area.

KEY INDICATORS: TLAB
Buy Area: $54.75-56.00
Sell Stop: $53.75
1 DAY TARGETt: $58.00
5 DAY TARGET: $65.00

RUN THE OPTIONS: TLAB
The April 60 call had huge vol. during Monday's session. This one would be our choice - last ask 3 3/4 TEQ DL

STOCKS ON OUR SCREENS TODAY:
XYBR- Reported much better then expected numbers yesterday after the close. We will look to get back in XYBR at $22.43750 today. We will look for 27-28 over the rest of this week.
NITE- Looking for 55 today
AOL- It looks like it has left the 50's behind
YHOO- Pull back is coming
NT- We like this one to add on 35% over rest of March
SCON- Should sell back under 70 today.
PCLN- 100.00 seems to be next area. Support in a solid market is $92.00
SRSL- It has good support at $35.00
MXTR- We like 13.00 -14 today on more volume then yesterday.
WDC- We like $8.50 on this one today.
JWEB- Stock is strong $27.50 is our 3 day target.
AFCI- Powerful seeks 100's
AMGN- It held 58 yesterday incrediably under 60 its a steal we like 67 this week as it appears to have created a solid base.
SPLN- Page views and e-Commerce sales continue to pile up! March Madness is deffiantly helping SPLN big time!

Have a great day!

More to come.....

Stock Jock!
and BigPlayStocks.com Team of Pro Traders!

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