The Play Of The Day

August 18, 2000
08: 59 AM EST.

Good Morning Stock Fans!

NASDAQ RECAP: August 17, 2000
Last: 3940.87 + 79.76 ( + 2.06%)
High: 3947.05
Low: 3857.75
Open: 3858.88

NASDAQ OUTLOOK TODAY:

Since I won't be in the LIVE Trading Room or actively trading today. No, NASDAQ Outlook today. Rest assured with FOMC meeting I will be back on Monday with my daily outlook! Till then! Have a great trading day!

NASDAQ KEY INDICATORS TODAY:
Resistance: 3944.00 (NASDAQ current 200 day MA) 3947.00 (NASDAQ high 8/17/00
Support: 3857.75 ( 8/17/00 low)

"INSIDE THE NASDAQ NUMBERS:"
200 day high: 4289.00 (7/17/00)
200 day low 3042.00 (5/24/00)
30 day high: 4289.00 (7/17/00)
30 day low: 3521.00 (8/03/00)
15 day high 3947.00 (8/17/00)
15 day low 3521.00 (8/03/00)
5 day high: 3947.00 (8/17/00)
5 day low: 3686.76 (8/11/00)
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Today's Play of The Day is: MRV Communications (NASDAQ:MRVC)

About MRV Communications

MRV Communications (NASDAQ:MRVC) is a world-class leader in optical network components and systems. The company has leveraged its early leadership in fiber optic transmission into a well-focused range of solutions, integrating switching, routing, access servers and optical transmission systems.

As the Internet evolves into a single global communication network, MRV has launched the development of new technologies to drive the
next-generation infrastructures. Such developments encompass optical access systems, subscribers' management systems and Linux-based solutions.

MRV has initiated and funded cutting-edge start-up companies including Zaffire (formerly known as New Access Communications), Charlotte's Networks, Hyperchannel, Zuma Networks and most recently RedC Optical Networks. MRV's Web site is located at http://www.mrv.com.

SJ's Outlook: MRVC

Stock Fans, in looking at EMLX on 8/16/00 a day before yesterday's explosion I am able to see a very interesting comparison between MRVC, and EMLX. On 8/16/00 EMLX traded 1.3 million shares and had a fairly tight range of 69.50 - 74.1250, as it traded just under resistance. At its day high on 8/16/00 of 74.1250 it found itself trading about to points under where it could break out and run!

MRVC yesterday had not only the same type of volume, but also the same type of trading range yesterday. Also in the wake of CIEN explosion and many of the other Fibre Optics running up MRVC the premier CMGI of the Fibre Optics sector didn't catch fire at all. It looked like it was setting up for a run that could come today. If MRVC can do a repeat of EMLX it could possibly see 80.50 its next 2 levels of resistance today. Just like EMLX it will need to trade in excess of 3 million shares to do it. It looks like the odds are in its favorite as this Fibre Optics Incubator traded over 80.00 a share when the NASDAQ was last over 3940.00!

KEY INDICATORS: MRVC:
Buy Area: 66.25-67.50
Sell Stop: 63.8750
1-3 DAY TARGET: 76.00-77.00
1-5 DAY TARGET: 80.43750 ( I"t could run to 84.00 if it breaks out ala
EMLX")
Time Frame: Targets listed above
Type of Trade:Daytrade/ Swing Trade

BONUS PLAY #1 JDS Uniphase: (NASDAQ:JDSU)

JDSU, has been off my radar for a few days! WOW how does that happen. After being the spotlight of the NASDAQ in July it has settled down and found a trading range that has been rather stagnate at 115.6250 - 120.75. For JDSU to sit in a range like this for over 7 trading days is rather uncommon to say the least. Again with the likes of CIEN, and EMLX, as well as the Fibre Optics sector taking off. JDSU seems to me that its sitting waiting, and if the Fibre Optics sector is indeed in the 2nd inning of a 9 inning ball game, then its time to step up to the plate and prove it again! JDSU I think ends its consolidation period starting today!

KEY INDICATORS:
Buy Area: 119.3750-119.50
Sell Stop: 116.00
1 DAY TARGET: 124.00
1-5 DAY TARGET: 131.00
Type of Trade: daytrade swing trade

RUN THE OPTIONS: JDSU Sept Calls!
The JDSU Sept 2000 130.00 Call Options

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PRO TRADER SAGO'S BONUS PLAY'S:

Stock Fans! A special treat today RED HOT SAGO Brings us 3 PLAYS TODAY!

Yes, he is responsible for: CPN 81-88.56 1 day! CSGS!, APA, NTAP, and a host of others!

BONUS PLAY #1 RF Micro Devices Inc (NasdaqNM: RFMD)

RF Micro Devices Inc. designs, develops, manufactures and markets radio frequency integrated circuits or RFICs for rapidly growing wireless communications products and applications. The Company's products are included in cellular and PCS phones, cordless phones, wireless local area networks, wireless local loop handsets, industrial radios, wireless security systems and remote meter readers. The majority of the Company's revenue is derived from sales of RFICs designed for cellular and PCS phones. The Company offers a broad array of products - including amplifiers, mixers, modulators/demodulators and single chip transmitters, receivers and transceivers - that represent a substantial majority of the RFICs required in wireless subscriber equipment. These RFICs perform the transmit and receive functions that are critical to a phone's performance.

Stock Fans RF Micro Devices is looking like it is going to bust out. The hourly chart has a nice cup and handle formation. This stock will split 2-1 on 8/28. RF Micro Devices has a growth rate of 146%. They have consistently grown earnings and sales quite nicely. I may be a day or two early on this one but I believe it is time to take a position. The weekly and daily charts are on their way up.

Key Indicators: KOPN
Buy Area:$70.75 to $71.875
Stop:$68.125
TARGET:$75.00-$77.63
Time Frame: 2 to 6 days
Type of Trade: Swing Trade
Daytrade for $.50 - $ 1.25 point scalps. Avg. daily price range $5.69

BONUS PLAY # 2 Advanced Micro Devices Inc (NYSE: APA)

Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. In North America, Apache's exploration and production interests are focused on the Gulf of Mexico, the Anadarko Basin, the Permian Basin, the Gulf Coast and the Western Sedimentary Basin of Canada. Apache has also exploration and production interests offshore Western Australia and in Egypt and exploration interests in Poland and offshore The People's Republic of China. Apache holds interests in many of its United States, Canadian and international properties through operating subsidiaries, such as Apache Canada Ltd., DEK Energy Company, Apache Energy Limited, Apache International, Inc. and Apache Overseas, Inc.

Stock Fans Apache Corporation is breaking out again! This Company is hardly overpriced with a PE of 17 and earnings growth expectations of +163% for this year. We have played this before successfully in the past and it is time again. With a new 52 week high we have no overhead resistance. Buying on the dip!

Key Indicators: APA

Buy Area:$61.00 to $61.50
Stop:$58.45
TARGET:$64.50-$66.4375
Time Frame: 3 to 7 days
Type of Trade: Swing Trade
Daytrade for $.25 - $.50 point scalps. Avg. daily price range $1.64

BONUS PLAY # 3 ADC Telecommunications, Inc. (NasdaqNM: ADCT)

ADC Telecommunications, Inc. offers a broad range of network equipment, software and integration services for broadband, multiservice networks that deliver Internet/data, video and voice communications over telephone, cable television, Internet, broadcast, wireless and enterprise networks. The Company's broadband, multiservice network solutions enable local access, high-speed transmission and software management of communications services from service providers to consumers and businesses over fiber-optic, copper, coaxial and wireless media. The Company offers network equipment, software and integration services within the following three product groups: Broadband Connectivity, Broadband Access and Transport, and Integrated Solutions.

Stock Fans ADC Telecommunications is on my best of the best list. They have it all. A high Relative Strength of 97, EPS rate of 94, Timing and Accumulation ratings of "A", and solid earnings and sales growth. A breakout above $49.00 gives us a green light to higher ground. I will be adding to my position on the dip, as I have a position in this Company. I OWN SHARES OF ADCT.

Key Indicators: ADCT
Buy Area:$44.75 to $46.50
Stop: 8% from buy point
TARGET:$55.00+
Time Frame: 2 to 5 days
Type of Trade: Swing Trade
Daytrade for $.50 - $.75 point scalps. Avg. daily price range $3.75

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PRO OPTIONS TRADER MATEO'S OPTION PLAY:

Micron Technology, Inc. (NYSE:MU)

Micron Technology, Inc. and its subsidiaries, principally design, develop, manufacture and market semiconductor memory products, primarily DRAM, principally for use in personal computers (PCs). Through Micron Electronics, Inc., its 63%-owned subsidiary, the Company offers PC systems, notebooks and servers.

MU needs a slight pullback before going higher. It looks to me as if the market will take a breather today so we will look to enter MU long at 86.50 - 87. Use 85 as your stop loss.

Sept MU 95 Calls MUY IS last ask 5.5

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STOCKS ON OUR SCREENS TODAY:

1. STLW- lets put it this way its hot enough good enough to find 43.00 and then 49 in next 10 days!
2. EFNT- 55.00 looks to be the top on the open, then I like 48.43750 to hold and then a move to 58.00-61.00 where it should be
3. PRSF- great mover great numbers. Look for 55.00 to hold.
4. RNWK- might make a move to 44.00
5. EBAY broke resistance area yesterday of 62.00. 66.00 looks to be soon
6. NTAP- 98.00 top of range.
7. EMLX- does it goto 90.00? Profits might be a good idea at 88.50
8. CMRC- I love this one its a steal here! 55.00 is 3 days away maybe today I would suspect.
9. EXDS- it got 60.00 on close test 58.00 then make a move to 66.00
10. FNSR- 33.00 should hold
11. MCDT- may make a 100.00 move today.
12. CEPH- came on yesterday.
13. CMTN- 60.00 should hold. I like 66.00
14. VRTA- range says 77.00 now before 60.50 is lost. under 60.50 short this one back to 56.00. Go long over 61.00-63.00- 64.50 plus is break out for big move.
15. LPTH- 42.00 before it loses 35.00

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Have a great day!

More to come.........

Stock Jock!
and BigPlayStocks.com TEAM OF PRO TRADERS!

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