The Play Of The Day

August 21, 2000
09:03 AM EST.

Good Morning Stock Fans!

NASDAQ RECAP: August 18, 2000
Last: 3930.00 -10.47
High: 3980.00
Low: 3025.00
Open: 3958.00


Stock Fans, the NASDAQ got over that magical 200 day moving average of 3944.00 Friday but perhaps ( hopefully?) on profit taking was unable to hold it. It went as high as 3980.00 as it just missed 4000.00. Today it will look to try for both numbers again. The Futures are up currently, and it looks as if the NASDAQ may open over 3944.00. If it does and its able to hold it sets up what could be a very bullish move. The index as long as it can hold 3893.00 as it did all of Friday, may just find 4000.00 again soon.

I look for the NASDAQ to open over or near 3944.00 today, then make a move back to Friday's high of 3980.00. It will need bigger volume then normal there to clear the 4000.00 area if it can then what has been resistance now for weeks 4000.00 could act as solid support as the FOMC meeting begins tomorrow



Today's "Play of The Day!" is: Break Away Solutions (NASDAQ:BWAY)

BWAY, is a B2B Play that's been hammered of late. I select this one today because it has very low risk at current levels. This is not a play that I expect to begin and end today. I do like the fact that BWAY has been near 90.00 this year, and also it traded 2 x its average daily volume of 330,000 on Friday as it added on nicely off the bottom of its 60 day range. BWAY is inexpensive and could make a move over the next 3-7 days back up over 30.00 where it may BREAK AWAY if it can get some much needed renewed attention.

Buy Area: 20.6250-20.93750
Sell Stop: 19.50 ( tight stop ) lower risk!
2-5 DAY TARGET: 25.50-26.00
3-7 DAY TARGET: 28.50-30.00
Type of Trade: Swing Trade


BVSN, came on huge last Thursday then looked on Friday as if it had given away all of Thursday's gains. Not quite the case as it held 30.00 a solid support area. I like this one to hold 30.00 again today. I will look to play BVSN at 30.25 and then wait for what should again be massive volume to push this one back to near 34.00. It dropped back to much Friday on much less volume. I expect today that longer term Investors, and (FM's) Fund Managers to go into this stock. I will be looking for a move to 35.00 today.

Buy Area: 30.25
Sell Stop: 28.50
1-3 DAY TARGET: 34.25-35.00
Type of Trade: Swing Trade



BONUS PLAY #1 Calpine Corporation (NYSE: CPN)

Calpine Corporation is an independent power company that is engaged in the development, acquisition, ownership and operation of power
generation facilities and the sale of electricity predominantly in the United States. The Company owns interests in 44 power plants having an
aggregate capacity of 4,273 megawatts. The Company also has ten gas-fired projects and two project expansions under construction having
an aggregate capacity of 5,935 megawatts and has announced plans to develop twelve gas-fired power plants with a total capacity of 7,990
megawatts. Upon completion of its projects it has under construction, Calpine will have interests in 54 power plants located in 17
states having an aggregate capacity of 10,208 megawatts, of which the Company will have a net interest in 8,531 megawatts.

Stock Fans, we played on 8/14 and it hit our target two days later. Calpine is in breakout mode. The sector is hot and getting hotter. The Energy sector is continually at the top of the number of new 52 week highs list. This is a chart play as the hourly is oversold and will wait for the 1 min chart for a solid entry for the swing.

Buy Area:$88.00 to $88.25
Time Frame: 3 to 7 days
Type of Trade: Swing Trade
Daytrade for $.50 - $ .75 point scalps. Avg. daily price range $3.29

BONUS PLAY # 2 Dell Computer Corporation (NasdaqNM: DELL)
Dell Computer Corporation is the world's largest direct computer systems company. The Company offers its customers a full range of computer systems, including desktop computer systems, notebook computers, workstations, network servers and storage products, as well as an extended selection of peripheral hardware, computing software and related services. Additionally, the Company offers an array of services to support its customers' online initiatives. The Company's direct model offers in-person relationships with corporate and institutional customers, as well as telephone and Internet purchasing, built-to-order computer systems, telephone and online technical support and onsite product service. Dell sells its products and services to large corporate, government, healthcare and education customers, small-to-medium businesses and individuals..

Stock Fans buying the bottom. Dell is the chart pattern I dream of finding. The weekly, daily, hourly, and 30 minute chart are all pointing up.

Buy Area:$38.50 to $39.00
Time Frame: 2 to 5 days
Type of Trade: Swing Trade
Daytrade for $.25 - $.50 point scalps. Avg. daily price range $1.96


-This Fibre Optics IPO from Friday I expect to find the 40's today buy right off open!


1. MRVC- looks great at current level. I like 76.00 today!
2. ZIGO- It could make it over 60.00 where it then should bust out.
3. KEI- this one is for real, and I look for it to be 100.00 by November.
4. MACR- stagnent may get a boost.
5. JDSU- looks like it could find 135.00 by Wed.
6. RMBS- after a pull back to Friday's close this one looks good.
7. NTAP- 98.00 may come right off the open
8. STLW- should hold 40.00 a buy right there.
9. LPTH- next stop could be 44.00 with 40.00 now as support.
10. CMTN- may run today as it looks solid after holding 60.00
11. VRTA- I like a move right off the open to 64.50
12. EMLX- 92.00 could happen then this one rests
13. FNSR- Has set up a formation that could send it sky high and over 45.00
14. PRSF- They sold the news 52.00 now a steal area if 55.00 doesn't hold
15.CAMP- In a major uptrend this one looks like it could really bust out.
16. KIDE- resistance looks to be 24.00 low risk here.
17. NTRO- biggest volume of week Friday on no news it may test 59.00-60.00 then it could see 68.00 fast if volume continues.
18. WJCI -This Fibre Optics IPO from Friday I expect to find the 40's today buy right off open
19. PIII- Looks solid for some nice gains today
20. SSTI- if it can clear 30.00 it could break out!

Have a great day!

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

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