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The Play Of The Day
March 3, 2000
09:00 AM EST.
Good Morning Stock Fans!
Today's Play of The Day is: Rhythms NetConnections Inc. (NASDAQNM: RTHM)
Rhythms NetConnections, Inc. is a service provider of high-speed local access networking solutions, using DSL technology, to businesses. The Company's network provides customers a high-speed local connection that is always accessible to the Internet and to private local and wide area networks. Through the Company's packet-based network, multiple users on a single connection are able to simultaneously access the Internet and private networks. . Rhythms NetConnections maintains about 3,250 DSL-equipped phone lines for businesses and Internet service providers in 10 metropolitan markets, including Chicago, New York, and San Francisco. Rhythms NetConnections has marketing agreements with Cisco Systems, MCI WorldCom, and Microsoft.
Stock Fans, major heat in the volume department. Somebody is accumulating. Stochastics have turned up. The closing price crossed the 10 day moving average and volume is 2 1/2 times its average..... We played this one before and it is time to catch the Rhythm!
KEY INDICATORS: RTHM
Buy Area:$43.50 to $44.25
Sell Stop:$42.0375
TARGET: $48.675 to $50.88
Time Frame: 2-5 days
Type of Trade: Swing!
BONUS PLAY #1: Genta, Inc.(NasdaqSC:GNTA)
Biopharmaceutical company Genta focuses on cancer research -- specifically on developing oligonucleotide drugs that block production of disease-related proteins. Its Anticode antisense oligonucleotides are intended to target and disrupt key proteins in non-Hodgkin's lymphoma, melanoma, and breast and prostate cancers. Genta Jago Technologies, a joint venture with Jagotec, is developing oral controlled-release drugs.
Stock Fans, major heat in the volume department. Institutions own 499% of the float. Float is 1.9 million share. Volume yesterday was 1.16 million. All of the indicators are screaming (((buy)))!
KEY INDICATORS: GNTA
Buy Area:$13.50 to 14.00
Sell Stop:$13.125
TARGET: $15.68 to $16.10
Time Frame: 3-6 days
Type of Trade: Swing Trade
STOCKS ON OUR SREENS TODAY:
APNT- Looks ready to run after it has pulled back of Strong Buy upgrades 10 days ago.
XYBR- Robert Stepehns 5:00 confernce.
NWLL- 12 month Target $115.
LQID- May run off MPPP move
INTM- Past Play of Day got really hot yesterday.
QUST- It looks like this one is ready to run
JMAR- Keep an eye on it.
PRSW- Looks ready to run.
EXDS- Strong Buy rating today.
NPNT- It should find 35-36.
IATV- It again has buyers
SGNT- We like 26-27
AOL- Upgraded again $115.00 Target
WGAT- It looks good as well
LOOK- We really like 60's
ESPI- Nice chart
EELN- Oversold
MDCM- Oversold
MSGI - Sellers have left.
VRIO- $95 target
CLGY- Closed at day high.
DIGX- Heading for $200.00
PRGY- Looks good
WEBT- Keeps going.
Have a great day!
More to come....
Stock Jock!
and BigPlayStocks.com Team of Pro Traders!
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