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The Play Of The Day
July 31, 2000
08:45 AM EST.
Good Morning Stock Fans!
NASDAQ RECAP: July 28, 2000:
Open: 3855.10
High: 3867.80
Low: 3642.28
Close: 3663.00 (-179.23) (-4.66%)
NASDAQ KEY INDICATORS TODAY:
7-17-00 =120 day high: 4289.00
5-24-00= 120 day low: 3042.00 (range = 1247.00)
7-23-00= 5 day high: 4163.00
7-27-00= 5 day low: 3842.00 (range = 321.00)
7-25-00= 3 day high: 4002.00
7-27-00= 3 day low: 3842.00 (range = 160.00
7-28-00= 2 day high: 3867.80
7-28-00= 2 day low: 3642.28 = (range = 200.00)
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Today's Play of The Day is Aware: (NASDAQ:AWRE)
Aware (NASDAQ:AWRE) is a provider of Digital Subscriber Line (DSL) technology to semiconductor and equipment companies that make products to enable simultaneous high-speed data and regular voice transmissions over copper telephone lines. The Company's principal telecommunications technologies consist of Full-rate ADSL technology, G.lite technology and VDSL technology for emerging broadband applications. The Company also sells software-based compression products, including WSQ by Aware, AccuPress for Radiology, MotionWavelets, AccuPress for Remote Sensing, AccuPress for Multimedia and SeisPact.
Stock Fans, the KEY to being a good trader, and a great trader, is remembering what stocks reported tremendous results then in a bad NASDAQ environment sold off but didn't get crushed as investor's already in the stock held on knowing they might see some short term loses but on the overall the stock they hold is truly a gem!
AWRE is such a stock. I expect novice chasing daytraders to perhaps see the likes of AWRE in the next 3-5 days and see its just reported numbers last week that could only be called off the scale and went on to say that this year! 2000! AWRE could and should increase its bottom line by 100%! When a stock like this only trades 284,000 shares less then half its 30 day average and only falls back less then 2.00 when the NASDAQ is crushed down 170.00 plus you have to seize the opportunity go in and hold for what should be some great increases ahead both short and long term!
KEY INDICATORS: AWRE
Buy Area: 41.8750-42.25
Sell Stop: 40.00
1-3 DAY TARGET: 44.00-47.00
3-5 DAY TARGET: 52.00-55.00
6 month TARGET: 67.00-72.25
KEY: Volume , short covering could be also cause this one to add on!
SPECIAL BONUS SJ PLAY: Macromedia (NASDAQ:MACR)
Macromedia, Inc. (NASDAQ:MACR) develops and distributes original technologies and innovative software tools, servers and services to a range of customers including developers, consumers and large corporate accounts. The Company's software products and technologies are focused on maximizing opportunities in three key areas: Web Publishing, Web Learning, and Shockwave.com. MACR's family of Web Publishing products works together as a complete solution to streamline Web workflow from concept to design, development to production.
MACR, held up well Friday. I know this one well and like a move on it back to 82.8750 in the next 2 days and a run in 3-5 days of 88.00. MACR is one that I can't leave off my plate today!
KEY INDICATORS: MACR
Buy Area: 74.8750-75.50
Sell Stop: 70.00
1-3 DAY TARGET: 79.25-82.8750
1-5 DAY TARGET: 84.50-88.00
Type of Trade: daytrade/ swing trade
BONUS PLAY #1 Corvis Corp: (NASDAQ:CORV)
Corvis Corporation (NASDAQ:CORV) designs, manufactures and markets products that allow for the transmission, switching and management of communications traffic entirely as optical signals, enabling the creation of all-optical backbone networks.
Stock Fans, with what looks to be a NASDAQ bounce back today this IPO From Friday should make a push towards 100.00 today. It could even get as high as 105.00. That figure is based on a stock that about 3 months ago went public NUFO. It looks very similar to it as it traded on Friday. CORV looks like a good buy today at just over 80.00. It could as I said earlier 100.00 looks great and 76.00 looks good as a sell stop, as buyers back in the NASDAQ should snap this one up and may even panic buy it as NUFO went as high as 165.00 last week. Investors may be thinking similar numbers before long on CORV.
KEY INDICATORS: CORV (Friday's Fibre IPO)
Buy Area: 80.00-81.25
Sell Stop: 76.00
1- 3 DAY TARGET: 98.50-101.00
Type of Trade: daytrade/ swing trade.
IPO's: Have a higher risk with an uproven trading record.
LONG TERM BUY AND HOLD: SmartDisk: (NASDAQ:SMDK)
SmartDisk (NASDAQ:SMDK) designs, develops and distributes products that enable consumers to easily share digital data among advanced consumer electronic products, PCs and the Internet. Consumers are increasingly relying on the transfer of digital information between electronic devices as an important part of their daily lifestyles. SmartDisk believes that its products provide an easy-to-use, cost-effective and versatile solution for the exchange of digital data.
SMDK blew away numbers on Thursday of last week, and then Friday went on to trade very low volume. The fact that it only traded 74,000 shares in a NASDAQ debacle and dropped only 3.00 makes it look good as investors refuse to sell thier shares of SMDK. With a 250% increase in the bottome line representing tremendous growth this stock should be one to come on later in the day and not gap up today. It's a gem in any portfolio, and I like this stock to really add on perhaps as much as 80-90% between now and the end of the year.
KEY INDICATORS: SMDK
Buy Area: 25.8750-26.50
Sell Stop: 23.93750
30 DAY TARGET: 30.76-32.8750
6 MONTH TARGET: 45.00-49.50
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PRO TRADER SAGO'S BONUS PLAY'S:
BONUS PLAY #1 Integrated Device Technology, Inc (NasdaqNM: IDTI)
Integrated Device Technology, Inc. (IDT) enhances the global network with semiconductor solutions for communications companies that lead innovation and drive convergence in voice, data and wireless networks. Communications-industry leaders choose IDT for its high-performance products that accelerate time to market and boost bandwidth in the network infrastructure. IDT's communications memories offer the broadest selection of FIFOs, multi-ports, ZBT and QDR SRAMs; its communications ASSPs include ATM switches, TSI/TDM switches, high-speed PHYs and embedded processors; and the product mix also incorporates high-speed SRAMs, high-performance logic and clock management products. Headquartered in Santa Clara, Calif., the Company employs approximately 4,800 people worldwide and has manufacturing facilities in California, Oregon, the Philippines and Malaysia.
Stock Fans, this company consistently has delivered strong earnings and sales growth. The Electric Semiconductor sector has taken it on the chin recently. IDT has a PE of 33 and cash flow / share of $2.05. I am looking for a technical bounce and a very short term hold.
KEY INDICATORS: IDTI
Buy Area:$49.75 to $50.00
Stop:$48
TARGET:$54.00
Time Frame: 1 to 3 days
Type of Trade: Swing Trade
Daytrade for $.75 - $1.50 point scalps. Avg. daily price range $5.05
BONUS PLAY # 2 RF Micro Devices Inc. (NasdaqNM: RFMD)
RF Micro Devices Inc. designs, develops, manufactures and markets proprietary radio frequency integrated circuits, or RFICs, for wireless communications applications such as cellular and personal communication services, cordless telephony, wireless local area networks, wireless local loop, industrial radios, wireless security and remote meter reading. The Company offers a broad array of products, including amplifiers, mixers, modulators/demodulators and single chip transmitters, receivers and transceivers, which represent a substantial majority of the RFICs required in wireless subscriber equipment. The Company designs products using three distinct process technologies, gallium arsenide heterojunction bipolar transistor, or GaAs HBT, silicon bipolar transistor, and, to a lesser extent, gallium arsenide metal semiconductor field effect transistor, or GaAs MESFET. As of March 31, 1999, the Company offered 158 products, with 50 additional products in various stages of development.
Stock Fans, this is a chart play. RF Micro was printing new daily highs going into the close on Friday when everything else was tanking. It has news with an old favorite ATML on a wireless deal. I like the weekly, daily and 60 minute chart on RFMD. RFMD has a growth rate of 146% putting it in the fastest growing Nasdaq list. Looking to take advantage of the chart, for the pop. This is a short term trade!
KEY INDICATORS: RFMD
Buy Area:$75.00 to $75.50
Stop:$72.48
TARGET:$81.54
Time Frame: 1 to 3 days
Type of Trade: Swing Trade
Daytrade for $.75 - $1.50 point scalps. Avg. daily price range $6.41
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PRO OPTIONS TRADER MATEO'S OPTION PLAY:
Sycamore Networks, Inc. (NasdaqNM:SCMR)
Sycamore Networks, Inc. develops and markets intelligent optical networking products that transport voice and data traffic over wavelengths of light. The Company combines significant experience in data networking with expertise in optics to develop intelligent optical networking solutions for network service providers. Sycamore's products are based on a common software foundation, enabling concentration on the delivery of services and end-to-end optical networking. Sycamore's products and product plans include optical transport, access and switching systems and end-to-end optical network management solutions.
This is a short term trading bounce play only. I am beginning to believe that the Nasdaq may test 3506 or at least 3550 today. If it does, that will set up a great trading bounce to I believe 3775 during this week and then ultimately down to the Spring 2000 lows by the 4th week of August, corresponding to the time of the FED meeting. SCMR is showing oversold on all indicators at this point and the sector is still very hot. I think a 2 day swing would be a great trade on SCMR. I am looking for an entry around 108 which is right where the 100 and 150 day MA's are converging. If the market bounces at the open a play could be opened with a breakout above 120 on strong volume. Ultimately, I look for SCMR to fill at least one of two large gaps it has in it's chart. The first gap is 91.87 - 94.56 and will most likely be filled sometime in the next 2 weeks. The other is much lower at 77.50 - 80.56 but is possibly filled with a Nasdaq correction to the Spring 2000 lows. Be careful on the long side this week as the Nasdaq looks to have more downside pressure.
SCMR August 120 Calls QSM HD - look for entry at at SCMR 108 level.
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STOCKS ON OUR SCREENS TODAY:
1. JDSU- This one went well Friday shorted to 117.50 and went long 117.25 looking for bounce today back to 122.8750- 125.00
2. NTRO- Worked well after it was killed Friday 56.00 looks solid today as a high.
3. TBIO -Managed to be green on Friday
4. KEYN- This one finally appears to have bottomed. Could add on 4 today.
5. DCLK- Held up on news till late in the day may drop back today.
6. BVSN- Its a keeper and a good long term play after todays open and it pulls back 2.00
7. WCII - Hit hard look for a rebound today
8. EXFO- Destroyed has to bounce back 5-6.00
9. OVTI - IPO ends quiet period this week
10. GWRX - One to watch
11. ADPT - Coming on of late may run up nice next 1-5 days
12. ADCT- It could bounce back to 48.00 soon
13. LPTH- This one looks like its ready to buy
14. CRA- 91.50 support - 110.50 resistance.
15. XICO- May find 9.00 soon.
16. CMRC- Held its 30 day low impressive indeed
17. KEI- Great stock should see 60.00 today
18. PWAV - Hammered a buy at these levels
19. CMTN - It finally appears to have bottomed.
20. GERN- Solid bio tech to get in today
21. MEDX -Bounce back of 3-4
22. WSTL- I like a return visit to 30.00 2-5 days
23. RMBS- Hit really hard has to come back on short covering as buyers see the discount
24 EXDS- Buy today and hold
25. GNSL- Looks good to bounce back
26. CNC- May add on more
27. EFNT- Looks great at these levels
28. INAP- Great B2B play to get in 6 month hold 40-50% increase.
29. EMLX- Hammered bounce back 5-10
30. LWIN- Looks like a good buy
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Have a great day!
More to come.........
Stock Jock!
and BigPlayStocks.com TEAM OF PRO TRADERS!
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