The Play Of The Day
March 2, 2000
07:45 AM EST.
Today's Play of The Day is: Visual Data Corp. (NASDAQ: VDAT)
Visual Data Corporation (http://www.vdat.com) produces, markets and distributes original video and audio content for the Internet and soon Interactive Television. Visual Data's extensive video libraries cover a wide range of topics, including travel, business information, medicine and healthcare and entertainment. Through its subsidiary EDnet, Inc. (OTC Bulletin Board: EDNT), Visual Data has established relationships throughout the motion picture and recording industries.
We like the are this company is in over the Internet. It is in the same type of space that ITVU and RNWK are in. It looks to have created a base following its quaterly earnings report from 2-17-2000. The stock closed at its high of the day yesterday on moderate volume. We like the future that this company has, especially with Interactive TV right around the corner. It was about this time last year that (NASDAQ:VDAT) came on and made a run all the way to $40.00 plus. We like this stock as a buy at current levels as a Swing Trade back up to $17.50 over the next 10 days. It then should set up as a a great mid term play into April 2000. The space this stock is in makes it a buy out target at anytime.
KEY INDICATORS: VDAT
10 DAY TARGET: $15.25-$17.50
40 DAY TARGET: $29.00-$33.00 is possible.
BONUS PLAY #1: Walt Disney Company (NYSE: DIS)
The Walt Disney Company owns 100% of Disney Enterprises, Inc. which, with its subsidiaries, is a worldwide entertainment company with operations in five business segments: Media Networks, Studio Entertainment, Theme Parks and Resorts, Consumer Products and Internet and Direct Marketing. The Company operates the ABC Television Network and the ABC Radio Networks
Stock Fans, we took a chunk out of this on 1/7/00 when we bought at 31 1/2 and it ran to the 38 and change before falling back. Well guess what? It is now just above where we bought it in January an its closing price closed above the 10 day moving average. MACD and RSI pointing to higher grounds. Looking to take a chunk of cheese from the middle of the mouse's trading range.
KEY INDICATORS: DIS
Buy Area:$34.00 to $34.50
TARGET: $37.95 to $39.50
Time Frame: 3-10 days
Type of Trade: Swing Trade
BONUS PLAY #2: Advanced Electronic, Inc. (NASDAQNM: AESP)
AESP designs, manufactures, markets and distributes computer connectivity and networking products, including computer cables, connectors, installation products, data sharing devices and fiber optic cables.
AESP is an up-and-coming player in the internet infrastructure world,'' according to Ron Gerber of Gerber & Company LLC, New York, editor of Cabling Business' Cablenomics Stock Table.
Stock Fans, apparently others are thinking the same. This stock originally popped on our radar screen on 2/16/00 when this article first came out. It made a huge move yesterday on above average volume. Something is up. This company makes fiber optic cables and fiber optics are enfuego. Float is small, 1.4 mil, so it won't take much to move this stock.
KEY INDICATORS: AESP
Buy Area:$6.75 to $7.00
TARGET: $7.60 to $8.00
Time Frame: Today
Type of Trade: If held longer target of $8.00-$9.50 over the next 2-3 weeks.
BONUS PLAY #3 International Fibercom (NasdaqNM:IFCI)
International Fibercom Inc. offers a wide variety of services and equipment to the telecommunications, cable television and other related industries through nine wholly owned subsidiaries. The Company's subsidiaries are divided into three principal business segments, Infrastructure Development, Engineering and Equipment Distribution. Infrastructure Development specializes the design, installation and maintenance of fiber-optic cable networks for cable television and telephone companies, also known as outside plant development and systems integration services. The Engineering division specializes in the design of fiber-optic video, voice and data networks for cable television and telephone companies. The Company's Equipment Distribution segment purchases, sells and deals in new and used telecommunications equipment used in the digital access, switching and transport systems of telephone companies and other Fortune 500 companies.
We are looking at how IFCI surged up before earnings. Now it seems to have found it's range and established a base on which we can take a position. Minor support exists at the closing level today of 32 and major support at the psychological and 10 day moving average level of 30. Institutions have their eye on this one as it is approaching the 1 billion dollar market cap level again with a float of only 24 million shares. If this one dips of the open and starts to turn up, that is the spot to play it, if it gaps up and runs, then we will wait until morning volatility passes. Traders will be positioning themselves for the Friday employment numbers.
KEY INDICATORS: IFCI
Buy Area: $31.00 - $32.00
Sell Stop: $29.75
3DAYTARGET $38.00 -$39.50
"RUN THE OPTIONS!"
The IFCI March $35.00 Call Options / last ask 2 3/8
STOCKS ON OUR SCREENS TODAY:
XYBR- Finally get CNBC mention. We like 27-29 then a pullback
CBMI- Came on late closed at day high. Looks good for 27 now
ONVI- This IPO from yesterday is in the right space B2B small business. We like 70's 5 days
MONE- Looks to find 80's
VRTL-Looking for a retrace to $25.00
NSPK- This one is a buyout target. It should see 30's soon
LCOS-looks to move up
JBOH-VOLUME says it moves up soon.
PTEK- It is going to be discovered soon.
HHGP- Retrace back to $19.50 area
PKTR- This stock is a 100.00 in our book! It is now seen to be in web hacker prevention game. Unique low supply of shares in float.
PSFT- Moving higher on more volume.
COMS- PALM opens it falls. We watch we may go short DANGEROUS play
EGRP- $32.00 is in range if it keeps to history and follows SCH
SWS- Chart says $55.00
SLVN- Closed at day high. It is looking good for 20's
AFCI- Investing in e commerce company today.
TELT- XYBR wanna be 11-12 off open
STOCKS COMING ON OF LATE: We keep our eye on these for further moves higher.
Have a great day!
More to come....
and BigPlayStocks.com Team of Pro Traders!