|
The Play Of The Day
July 27, 2000
08:15 AM EST.
Good Morning Stock Fans!
Attention PLUS Members:
Just a reminder - No Alert Emails Today!
********************************************
NASDAQ YESTERDAY:
Open: 3998.03
High: 4002.70
Low: 3906.55
Close: 3987.72 (-4185) or (-1.04%)
NASDAQ KEY INDICATORS:
10 Day High: 4287.00
10 Day Low: 3906.00
3 Day High: 4125.80
3 Day Low: 3906.00
NASDAQ Support: (more buyers then sellers)
3820.00
NASDAQ Resistance (less buyers then sellers)
4034.80
**********************************************
REGARDING TODAY'S PLAYS!
Remember: The KEY is to make $$, and play stocks you know! Today I am quite confident I am raising that to a new level as I make 2 familiar names for me my Plays!
Stock Fans! My Plays today are familiar names. I have called both the stock today as recent plays. Both did ok in the ranges they were in then fell back. Well, today both CMTN, and KEYN aren't on my plate just cause I am making it easy on myself. I re researched both of these stock, and both look to be what I would call and other Pro Traders in their "Sweet Spots" and looked washed out and primed to be not only short term buys, but long term purchases as well. I hope to look back at CMTN, and KEYN in 5 months and laugh at what I paid today!
*************************************************
Today's Play of The Day is: Copper Mountain (NASDAQ:
About CMTN:
Copper Mountain Networks, Inc. develops and markets a comprehensive family of DSL solutions that enable high-speed internetworking over existing copper facilities. The Company's mission is to enable carriers and other service providers to offer a full range of high-performance, cost-effective data and voice services over DSL that are easy to deploy, use, and manage.
SJ's Outlook:
CMTN, is extremely oversold at current levels. I like it last week when it had found the bottom of its range, and used it as many of you know as a play there. It did well a bounced up to the first target I was looking for. It may have been as it would appear now setting up to find where it had left an open gap in its trading range at 81.00. It filled in this area yesterday, as it had renewed volume, and dropped all the way back to where it has created an area of support that has lasted nearly 2 months. This area is also one of such strong support it is what is called a TRIPLE BOTTOM! It has 3 bounces off 76.8750 or higher. One can also go back to 5/30 and see what could be called a 4th area of a bottom, almost unheard of in a stock that is so volatile
such as CMTN. Back on 5/30/00 it bounced off 77.00.
CMTN looks to be a perfect buy today off it predicted price of about 80.25. What I am going to do is buy 50% of my position on this one off 80.25. I will add to this one the remainder of my wanted shares ( The other 50%) as of if it drops back and loses 80.00 and falls to 78.00 or so. This stock is one that based on current information should bounce nice when it does bounce up. The fact that it didn't bounce atleast 3%-5% off its low yesterday at 78.50, means it should drop back and bounce just under 78.00 if not today soon.
KEY INDICATORS: CMTN
Buy Area #1: 50% position 80.25 limit buy
Buy Area #2: 50% position 77.93750 limit buy
Sell Stop: 76.00
1- 3 DAY TARGET: 84.50-86.6250
1-5 DAY TARGET: 88.00-89.00
30 DAY TARGET: 94.00-96.00
6 Month TARGET: 133.00- 136.00
Short Term Options: CMTN
"RUN THE OPTIONS!": CMTN
I really like the August 90.00 Option Calls
for CMTN today. Last Ask: 4.25
Longer Term Options:
"RUN THE OPTIONS!": CMTN
The CMTN December 130.00 Option Calls
Last Ask 4.8750
BONUS PLAY #1 KeyNote Systems: (NASDAQ:KEYN)
About KEYN:
Keynote Systems, Inc. (NASDAQ:KEYN) is the leading provider of Internet performance measurement, diagnostic and consulting services to companies that operate e-commerce web sites.
SJ's Outlook:
This stock as many of you know as I used it a few days back for a nice daytrade target 1 area of 49.50 -52.00 as it hit that number it then fell back with the NASDAQ and was deflated off a 7/14/00 high of 85.00. It then reported earnings, and came in ahead of FC estimates. It was however crushed then and fell all the way back to what certainly appeared to be its bottom yesterday as it held 40.00 and had hopefully completed a drop of 44.00 points. YES! it was cut in half in less then 2 weeks of trading WOW! Its schocastics oversold, and perhaps as low as I have seen that number reflect. This stock is one that now is a short term bounce up to 52.50 plus area now I would think over the next 5-7 days as it begins to come back and get alteast 20% of its losses back!
KEY INDICATORS: KEYN
Buy Area: 42.50-43.00
Sell Stop: 40.00
1-3 DAY TARGET: 45.00-46.50
2-7 DAY TARGET: 50.00-52.43750
SJ'S STOCK TO WATCH: "SSTI ON CNBC POWER LUNCH! TODAY!":
Silicon Storage Tech.: (NASDAQ:SSTI)
About: SSTI
Silicon Storage Tech. (NASDAQ:SSTI) is a supplier of flash memory semiconductor devices for the digital consumer, networking, wireless communication and Internet computing markets. Flash memory is nonvolatile memory that does not lose data when the power source is removed and is capable of electrically erasing selected blocks of data. The Company offers over 40 products based on its SuperFlash design and manufacturing process technology. The Company also offers mass storage products that are used for storing images, music and other data in devices such as digital cameras and MP3 players.
SJ's Outlook:
SSTI will be featured on CNBC Power Lunch today. It could move right off the open today, and make a move perhaps back to 76.00 as daytraders should be looking for a stock to play up into the noon area when it will be on.
KEY INDICATORS: SSTI
Buy Area: 70.6250-70.93750 (or lower over 65.00)
Sell Stop: 65.00
1 DAY TARGET: 74.00-76.00
Type of Trade: Daytrade only off CNBC Interview with CEO
SAME SECTOR AS SSTI
KEEP AN EYE ON! Smart Disk (NASDAQ:SMDK) off this stock today! SSTI, SMDK are in the same field and SMDK blew away Wallstreet's First Call Estimates for its earnings released yesterday.
RECENT IPO TO WATCH: "Quiet Period Ends Soon!" on 8/6/00
*********************************************
(NASDAQ:OVTI) A recent rather HOT IPO wet as high as 44.00 and then pulled back but came on yesterday, and finished day high at 35.00. It could make a run till quiet period ends on this coming Monday, August 6, 2000. On that news it could be a great pick up and a hold as upgrades should come.
***********************************************
PRO TRADER SAGO'S BONUS PLAY'S:
BONUS PLAY #1 Ocean Energy, Inc (NasdaqNM: OEI)
Ocean Energy, Inc. is one of the largest independent oil and gas exploration and production companies in the United States. The Company holds a diversified portfolio of properties with both domestic and international exposure organized into three operating units, Gulf of Mexico, International regions and Onshore North America. North American operations are focused in the shelf and deepwater areas of the Gulf of Mexico, the Permian Basin, Mid-Continent and Rocky Mountain regions. Internationally, the Company explores for and produces oil and gas in Angola, the West African nations of Côte d' Ivoire and Equatorial Guinea, Egypt, the Russian Republic of Tatarstan, Pakistan, Yemen and Indonesia. On March 30, 1999, Ocean Energy, Inc. merged into Seagull Energy Corporation, and the resulting corporation retained the name, Ocean Energy, Inc.
Stock Fans, This sector was on fire, cooled off, and now heating up again! That is the way it works. Oil stocks 3 weeks ago were the talk of the boards. Ocean Energy has an earnings record that is quite impressive. The last 4 quarters earnings look like this (most recent first), +999%, +219%, +111%, +214%. Ocean Energy has a PE of 12 and cash flow / share of $2.24. As the Naz looks to cool off, other sectors will start to rise. I am placing my bet on the oil stocks. Buying the stochastic bounce on increasing volume!
Key Indicators: OEI
Buy Area:$11.00 to $11.25
Stop:$10.12
TARGET:$12.51 to $13.00
Time Frame: 3 to 10 days
Type of Trade: Swing Trade
Daytrade for $.10 - $ .25 point scalps. Avg. daily price range $.63
BONUS PLAY # 2 Axcelis Technologies, Inc (NasdaqNM: ACLS)
Axcelis Technologies, Inc. is a leading producer of ion implantation equipment used in the fabrication of semiconductors. The ion implantation process provides a means for introducing charged ions into the surface of a silicon wafer in order to form the active components of a semiconductor. The Company also produces dry strip, photostabilization and rapid thermal processing equipment, which is used in semiconductor manufacturing primarily before and after the ion implantation process. In addition, Axcelis provides extensive aftermarket service and support, including spare parts, equipment upgrades, maintenance services and customer training. The Company is a 50-50 joint venture partner in Japan with Sumitomo Heavy Industries, Ltd., or Sumitomo. This joint venture, which is known as Sumitomo Eaton Nova Corporation, or SEN, licenses the Company's technology and is the leading producer of ion implantation equipment in Japan.
Axcelis is the world's #1 provider of ion implant equipment used in semiconductor fabrication. As a consequence of its joint venture with Sumitomo Heavy Industries, it is also the #1 producer in Japan. Ion implantation is a process used to "paint" microscopic electrical components onto a silicon wafer using an ion beam. This is a very precise technique which is essential for the sub-microscopic and multi-layering requirements of the current generation of semiconductors
Stock Fans, this is another profitable IPO. Axcelis has a PE of 28 and cash flow per share of $.35. Earnings the last 4 quarters (most recent first) were up +238%, +282%, +136% and +148%. Sales have grown nicely as well. I expect this to take off soon as this IPO is in its 18th day. Buying on the morning dip!
Key Indicators: ACLS
Buy Area:$18.00 to $18.25
Stop:$16.88
TARGET:$20.075 to $21.00
Time Frame: 3 to 5 days
Type of Trade: Swing Trade
Daytrade for $.25 - $.50 point scalps. Avg. daily price range not available
*********************************************
PRO OPTIONS TRADER MATEO'S OPTION PLAY:
Tibco Software, Inc. (NasdaqNM:TIBX)
Tibco Software, Inc. is a provider of eBusiness infrastructure software products that enable business-to-business, business-to-consumer and business-to-employee solutions. Tibco's software products enable businesses to link internal operations, business partners and customer channels in real-time. The Company's software products allow multiple distinct applications, Web sites, databases and other content sources to be integrated and managed within a common framework. The Company's products also enable enterprises to extend their information technology infrastructures and business processes across the Internet to conduct all forms of electronic business using the Internet.
TIBX has recently pulled back substantially from it's highest level since the end of March 2000. TIBX is bouncing out of an oversold condition. Look for a retest of the mid-90 level for a solid entry into this play. The chart says 160 is possible by year's end. You may play this as a short term oversold bounce or buy a long term option to take advantage of a possible huge Fall 2000 run for TIBX.
August 110 CALL PIW HB last ask 6 5/8. Look for an entry below 5.75. 3 day swing trade.
Long term play: February 2001 130 CALL PIW BF - Entry at 15. If TIBX sees 160 before year's end this call will be worth about 40-45.
***********************************************
STOCKS ON OUR SCREENS TODAY:
1. PWER- announced a split after a small pull back could add on nicely
2. LWIN - It broke out of a consolidated range yesterday. It could open lower then look to get back to 70.50.
3. JDSU- It now would appear to still have support off 128.00. If that's broken then 125.00 then 118.8750 are next. It looks to be a buy again at just under 120.00
4. AMZN- @ 27.50 this one should come back to 31.00.
SCII- it closed at day high , may add on
5. GNET- Buying INSP, off 65.00 looks like a buy
6. EBAY- 48.8750 a buy
7. CORV - No price here HOT Fibre IPO.
8. LPTH- It may get back to 41.00 off Fibre IPO's
9. AFCI- I like this one off the open today
10. BBY- Some strange volume on watch.
11. CDO- Owns alot of CORV
12. TCM - Another HOT Fibre IPO
13. FIBR- It looks to have bottomed at 60.00
14. XICO- Came back from just over 8.00 yesterday. If it can get 9.25-9.50 back it could make a nice move up again. I still like this one alot. More good news expected.
15. WSTL- Went well as an alert email call. It has good support at 28.00
16. WCII - hit hard may have bottomed.
17. KEI- It may retrace to
18. MRVC- Under 66.00 this one is a buy and hold sell stop 62.00
19. EXFO- This one has been hit hard might bounce back soon
20. AIRN- Is 25.00 a buy area, worth a shot 23.50 sell stop.
21 INAP- Under 40.00 looks good.
22 GNSL- 20.00 is now resistance. 17.00 support
23 GENE- Came on and looked great. It may add on
24. HGSI- Should bounce back some today
25. PHCM- A real keeper long term under 82.00 this one is a buy and hold for 79.00 sell stop 92.00 5 day bounce target.
26. NTRO- Great number it looks like its in an uptrend headed for 66.00
27. BLUE- It could retrace to 55.00 then move back to 62.00 +. 65.00 is its current 3 day high
28. FLEX- 2 for 1 split. DLJ target to 100.00
********************************
Have a great day!
More to come.........
Stock Jock!
and BigPlayStocks.com TEAM OF PRO TRADERS!
Inquiries: Please email info@bigplaystocks.com
The Stock Jock and BigPlayStocks.com, Inc. are financial information publishers. Information on the www.bigplaystocks.com web site should not be construed as a recommendation to buy or sell stocks. Financial information published on the www.bigplaystocks.com is intended to be an adjunct to your investment research, not a substitute thereof. The Stock Jock and BigPlayStocks.com, Inc. strive to publish accurate and complete financial data, but are not liable for the accuracy of the opinions and research posted on the www.BigPlayStocks.com web site. |