The Play Of The Day
March 8, 2000
08:42 AM EST.
Good Morning Stock Fans!
Today's Play of The Day is: Andrew Corp. (NasdaqNM:ANDW)
Andrew Corporation (NASDAQ:ANDW) is a supplier of communications products and systems to worldwide commercial, industrial, and governmental customers. Its principal products include coaxial cables, microwave antennas for point-to-point communication systems, special purpose antennas for commercial and government end use, antennas and complete earth stations for satellite communication systems, cellular antenna products, cellular telephone accessories, electronic radar systems, communication reconnaissance systems, and related ancillary items and services. These products are frequently sold as integrated systems rather than as separate components. Approximately one half of Andrew's products are sold directly to end users. Most of the remainder is sold to radio equipment companies.
This one is in a HOT sector and the only thing that held it back yesterday was major tankage by the DOW. We expect ANDW to breakout and the breakout could be BIG. Options are a great way to play this one too.
Buy Area: $29 1/2 - 31.00
Sell Stop: $27.75
2DAY TARGET: $33.00
7DAY TARGET: $40.00
"RUN THE OPTIONS!": ANDW
The option that go with this play are the April 30 call AQN DF last ask: $4 70
BONUS PLAY #1: DSL.net, Inc (NASDAQNM: DSLN)
DSL.net's name is its business. Using digital subscriber line (DSL) technology, the company provides high-speed, dedicated Internet access to small and midsize businesses. Services assume the brand name NetGAIN and, along with Internet access, include e-mail, Internet protocol (IP) addressing, Web site hosting, and virtual private and local area networks. DSL.net also offers three Internet access speeds, ranging from 384 kilobytes to 1.2 megabytes per second. Targeting smaller cities with populations of less than one million, DSL.net serves more than 20 northeastern US cities and expects to establish points of presence (POPs) in 60 cities before 2000. VantagePoint Venture Partners owns about 37% of the firm.
DSL.net Expands National Coverage Via Agreement with Covad
Stock Fans, this chart pattern looks the same as it did back on 12/28/99 before it made 14 point run. The stock is being accumulated as we know, that if institutions don't want it, then neither do we! MACD and Stochastics have bottomed and look to turn up confirming this entry for a swing.
KEY INDICATORS: DSLN
Buy Area:$27.50 to $28.00
TARGET: $30.80 to $32.20
Time Frame: 3-5 days
Type of Trade: Swing Trade
BONUS PLAY #2: Range Resources Corp. (AMEX: RRC)
Range Resources, formerly Lomak Petroleum, is riding the range as an independent acquirer and developer of US oil and gas properties. The company concentrates on acquiring long-lived established properties and has major development areas in the Appalachian (37% of reserves), Permian (West Texas), mid-continent (western Oklahoma, Texas Panhandle), and Gulf Coast regions. Natural gas accounts for about 80% of Range Resources' proved reserves of about 800 billion cu. ft. of natural gas and equivalent. Range Resources has grown rapidly through about 70 acquisitions in the 1990s.
For the nine months ended 9/30/99, total revenues rose 55% to $161.2 million.
Stock Fans, this stock was brought to my attention by another investor. I have been researching the alternative fuel sector and will keep my eye on the sector to heat up. In the meantime, here is a company that is way oversold, competes with the likes of Arco, BP Amoco and Exxon Mobil and sells for under $3.00. I don't know about you, but I am looking for ways to play the increase at the gas pump. Consider this as your discount!
KEY INDICATORS: RRC
Buy Area:$2.50 to $2.94
TARGET: $3.025 to $3.1625
Time Frame: 2 to 7 days
Type of Trade: If held longer target of $8.00-$9.50 over the next 2-3 weeks
STOCKS ON OUR SCREENS TODAY:
EMRG- Very solid play for us.
TUTS- Came on late in a bad market hed up well.
SCON- Holds 54.00 60's may be next.
RTHM- Looks good as it managed to finish to the upside
ATHM- Fell to 52 weeks low it may bounce to day back into the 30's
NITE- It could make 50's again soon
YHOO- Should drop from here
STMP- Yesterday it was a nice play up on Stepens letter. It should fall back to $26.00 today.
MCLL- It holds up well on increased volume
NEXL- Oversold could bounce back
ISIP- We like this one down to $22.00 short
VRTL- If it loses 40.00 today it should see $36.00 again.
ONVI- Looks ready to bounce up on more volume
HHGP- Held up well in a NASDAQ sell off late. $35.00 is resistence
VCAT- As long as it holds 12.00 Its chart says volume could send it to 20's fast
GO- Looks very nice at current levels.
ENER- a stock to watch for a move back into high 20's on increased volume.
WSTL- Broke out late yesterday and almost saw $37.00. We like that area today.
ISPD- up on increased volume. it could go higher
HSAC- Down on less volume yesterday. It looks good here as a buy.
WGAT- average volume increase in hot sector
NPNT- Up on a little more then average volume, but in hot sector.
SPLN- Increased volume and prices last March it saw 60's it wants that again.
Have a great day!
More to come.....
and BigPlayStocks.com Team of Pro Traders!