Play of the Day
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Sunday, May 27, 2001
Tuesday's Play - BRCD
Although the shares are down from their $55.25 high on May 22nd, there is plenty of air underneath.
Thursday, May 24, 2001
Friday's Play - FFIV
Starting with a 30-minute chart, shares of FFIV seem to be in a distribution pattern at the $13.50 to $14 level.
Wednesday, May 23, 2001
Thursday's Play - STOR
Shares of StorageNetworks first threatened the 10-daily moving average of $20.54 on Tuesday before collapsing underneath as Wednesday came to a close.
Tuesday, May 22, 2001
Wednesday's Play - ACTU
The growing enthusiasm of buyers is in evidence with three consecutive days of rising volume. Tuesday's volume of 1.2 million shares traded was almost double the normal daily volume of 623k.
Monday, May 21, 2001
Tuesday's Play - CS
Analysts evidently feel Cabletron's attempts to become a lean and nimble sales machine will be successful.
Sunday, May 20, 2001
Monday's Play - MLTX
On Friday, shares of Multex.com (MLTX) rebounded off of the critical long-term support at $15.00 before driving through both the 10- and 50-daily moving averages.
Thursday, May 17, 2001
Friday's Play - ELON
This company's strong financial improvement has not gone unnoticed by investors.
Wednesday, May 16, 2001
Thursday's Play - Q
With shares of Qwest Communications (Q) clearly finding a bid as the critical $36 level was approached, traders will now look for a move above $38 to increase conviction among bullish investors.
Tuesday, May 15, 2001
Wednesday's Play - EBAY
Investors have rewarded growth stemming from eBay,Inc. (EBAY) by giving shares a current P/E of 266 and a forward multiple of 140.
Monday, May 14, 2001
Tuesday's Play - EMLX
Emulex shares have risen 267-percent from $11.81 on April 4th. The reason for this increase has been the first faint signals of recovery from data storage device makers EMC and Network Appliance.
Sunday, May 13, 2001
Monday's Play - BOBJ
Given the difficult economic climate, a high valuation on shares of Business Objects (BOBJ) limits the upside potential of the shares and makes them extremely vulnerable to a pullback.
Thursday, May 10, 2001
Friday's Play - MVSN
Shares of Macrovision (MVSN) lost $2.82 during Thursday's trading session on significant volume of 711k shares trading hands.
Wednesday, May 09, 2001
Thursday's Play - EXTR
With shares of Extreme Networks (EXTR) continuing to set a series of higher lows, market participants will begin to focus on the $28.13 retracement level for support.
Tuesday, May 08, 2001
Wednesday's Play - NETE
When the stock of a company is priced for perfection it is usually is just a matter of time before it begins to correct.
Monday, May 07, 2001
Tuesday's Play - CTLM
Despite a mostly flat session for the NASDAQ, shares of CTLM continued with their upward ways on Monday, adding another 3.9 percent, or $1.28, to $34.01.
Sunday, May 06, 2001
Monday's Play - RETK
A key development during trading on Friday was the substantial break above formidable resistance at the $30 price level.
Thursday, May 03, 2001
Friday's Play - XLNX
Given that shares of XLNX have rebounded by more than 50 percent since bottoming out near $30 in early April, we believe that a pullback is a distinct possibility in the near term, particularly if Thursday's weakness in the broader market continues.
Wednesday, May 02, 2001
Thursday's Play - SFA
Beginning with a weekly chart of Scientic Atlanta (SFA), shares are currently above all significant moving averages and indicate a retest of $64.00 in the near-term.
Tuesday, May 01, 2001
Wednesday's Play - NTAP
On Tuesday, shares of NTAP pushed past significant resistance at $23.50 that has held like the Great Wall of China for almost 2 months.
Monday, April 30, 2001
Tuesday's Play - ISSX
Shares of ISSX continued their upward ways on Monday, gaining an additional $4.53, or 9.9 percent, to $49.89. Volume was almost twice normal.
Sunday, April 29, 2001
Monday's Play - MERQ
With each share price of Mercury Interactive (MERQ) currently carrying a PE ratio of nearly 80, it is no wonder analysts have expressed some concerns.
Thursday, April 26, 2001
Friday's Play - MSFT
Microsoft clearly has a competitive advantage as they continue to develop new products aimed at reaccelerating long-term growth.
Wednesday, April 25, 2001
Thursday's Play - BOBJ
Shares of Business Objects (BOBJ) have set a series of higher relative highs and lows since Monday, while also managing to close above the 10-dma (currently at $34.59).
Tuesday, April 24, 2001
Wednesday's Play - KLAC
Although the semiconductor industry has grown at a compound annual growth rate in excess of 15 percent on average over the past twenty years, the industry is highly cyclical with year-over-year growth rates ranging from a positive 100 percent to a negative 30 percent.
Monday, April 23, 2001
Tuesday's Play - PMCS
Shares of PMCS, after an unsustainable 60+ percent run up last week, fell partially back to Earth on Monday.
Sunday, April 22, 2001
Monday's Play - PMCS
This company recently reported negative bookings for the first time in its history.
Thursday, April 19, 2001
Friday's Play - SUNW
Our hunch on SUNW turned out to be a good one, evidenced by our gains thus far of more than 29 percent since adding the play on Tuesday evening.
Wednesday, April 18, 2001
Thursday's Play - PCS
With the 10-dma crossing above the 50-dma for the first time since January 16th, institutional and retail investors alike should look for $26.50 to be tested in the near term.
Tuesday, April 17, 2001
Wednesday's Play - NVDA
Since its IPO in January of 1999, this company has grown faster than any other US semiconductor manufacturer.
Monday, April 16, 2001
Tuesday's Play - JNPR
An after-the-bell warning from networking bellwether Cisco Systems was all it took to send JNPR and others in the sector sharply lower Monday afternoon.
Thursday, April 12, 2001
Monday's Play - BEAS
BEA Systems Incorporated is a provider of e-commerce infrastructure software that helps companies of all sizes build e-commerce systems that extend investments in existing computer systems and provide the foundation for running a successful integrated e-business.
Tuesday, April 10, 2001
Wednesday's Play - EFDS
WShares of this Arizona-based provider of electronic debit payment solutions have been on a steady up trend since mid-January.
Monday, April 09, 2001
Tuesday's Play - TLAB
Shares of TLAB, despite a rally in the tech-heavy NASDAQ, continued their downward ways, dropping another 4.7 percent, or $1.60, to $32.15.
Sunday, April 08, 2001
Monday's Play - EMC
Friday's loss of $1.60 still left intact most of the gains seen on Thursday, while volume of 18.1 million was well below the 23.1 million daily average.
Tuesday, April 03, 2001
Wednesday's Play - CIEN
What a difference a day makes!
Sunday, April 01, 2001
Monday's Play - SFA
SFA recently decreased revenue guidance for its transmission business, citing weakness in international sales as primary reason.
Thursday, March 29, 2001
Friday's Play - NETE
You have to glance back to April of last year to determine the next level of support for shares of Netegrity (NETE).
Wednesday, March 28, 2001
Thursday's Play - QCOM
Shares of Qualcomm clearly established a new wave of selling during trading on Wednesday, and aggressive sellers should clearly be in control going forward.
Tuesday, March 27, 2001
Wednesday's Play - CIEN
Assuming that the bears can push the stock below the 10-dma on Wednesday, the next clear level of support for CIEN is at $47.75 (the recent low).
Monday, March 26, 2001
Tuesday's Play - BRCD
Just when you thought it couldn't get any worse for BRCD, we give you Morgan Stanley Dean Witter.
Sunday, March 25, 2001
Monday's Play - GSPN
Analysts estimate that GSPN will grow by 40 percent over the next year versus the 25 to 30 percent growth rate anticipated for the DSL semiconductor market as a whole.
Thursday, March 22, 2001
Friday's Play - CIEN
No question - this was a strong day for shares of Ciena. However, it was not strong enough to officially reverse its well-established down trend.
Wednesday, March 21, 2001
Thursday's Play - NVLS
Shares of Novellus (NVLS) settled underneath the 200- and 50-dmas at $42.94 and $45.50, respectfully; moreover, a fragile Semiconductor Index (sox.x) could easily bring valuations much lower.
Tuesday, March 20, 2001
Wednesday's Play - AOL
Given certain fundamental issues and a current PE ratio of 71.3, short-sellers will continue to have their eye on the stock.
Monday, March 19, 2001
Tuesday's Play - IBM
Considered by many to set the standard by which other technology companies are measured, IBM provides customer solutions through the use of advanced information technology.
Sunday, March 18, 2001
Monday's Play - RSAS
The break below support at $40 was a significant technical development during trading on Friday.
Thursday, March 15, 2001
Friday's Play - DELL
Dell share continue their slow motion rise.
Wednesday, March 14, 2001
Thursday's Play - MACR
Shares of Macromedia (MACR) seem poised to continue the parabolic move lower on Thursday, as the critical $25 level still rests comfortably above.
Tuesday, March 13, 2001
Wednesday's Play - ELNT
If the buying in shares of ELNT persists over the next few days, the possibility exists that we could fill the gap created by the price action back on February 28th.
Monday, March 12, 2001
Tuesday's Play - MERQ
Although the slide has helped to pull MERQ's valuation down from stratospheric levels, it remains a pricey stock.
Sunday, March 11, 2001
Monday's Play - TMPW
A major concern for shareholders is the rapid pace at which TMP Worldwide (TMPW) is expanding.
Thursday, March 08, 2001
Friday's Play - BRCD
Brocade Communications Systems, Inc. provides the infrastructure for connecting multiple data storage devices in a storage area network (SAN).
Wednesday, March 07, 2001
Thursday's Play - IBM
Shares of Intl Business Machines (IBM) rest slightly underneath the 200-dma ($108.54); however, underpinning bids continue to enter the marketplace and should be the catalyst for an explosive move higher.
Tuesday, March 06, 2001
Wednesday's Play - AAPL
Management recently reiterated its goal of returning AAPL to profitability in the current quarter on the back of new product offerings and initial sales of the MAC OSX operating system.
Monday, March 05, 2001
Tuesday's Play - IDTI
Shares of IDTI added a third day of gains on Monday, closing up $1.63 to $35.00, putting the 10-dma ($34.65) behind it in the process.
Sunday, March 04, 2001
Monday's Play - NTAP
Last week, Banc of America Securities joined the list of brokerage firms with a cautious outlook on the stock, downgrading it from "buy" to "market perform" due to management's lack of visibility.
Thursday, March 01, 2001
Friday's Play - MACR
Continued selling in shares of ULCM on Wednesday led to the breakdown of support between $25 and $26 that we had been waiting for.
Wednesday, February 28, 2001
Thursday's Play - CIEN
Ciena shares with a forward P/E of 96 have not been able to avoid the selling. Since reaching an intraday high of $94 on February 15th the shares have dropped 26-percent.
Tuesday, February 27, 2001
Wednesday's Play - GLW
With word that the slowdown in corporate spending had impacted even the fiber giant, investors decided it was time to dump the stock.
Monday, February 26, 2001
Tuesday's Play - BEAS
Today's $1.69 addition on top of Friday's bullish engulfing formation and $2.13 gain suggests that perhaps BEAS, and even the NASDAQ, have seen their worst days.
Sunday, February 25, 2001
Monday's Play - DGIL
Digital Lightwave makes software and hardware that monitor, maintain and manage fiber-optic networks.
Thursday, February 22, 2001
Friday's Play - MACR
The past two trading sessions have resulted in additional gains for our bearish play on MACR.
Wednesday, February 21, 2001
Thursday's Play - MSFT
Shares of Microsoft (MSFT) have not traded under the 50-dma (currently at $54.97) since January 18th, and shares came a quarter from this area on Wednesday before rebounding.
Tuesday, February 20, 2001
Wednesday's Play - AETH
Tuesday's trading action saw a new intraday 52-week low of $25.75, breaking the old low of $26.13 set on February 9th.
Sunday, February 18, 2001
Tuesday's Play - EXTR
Shares of Extreme Networks benefited by a decision of Merrill Lynch analysts to remove Nortel from its prestigious Techfolio list and replace it with EXTR.
Thursday, February 15, 2001
Friday's Play - AETH
We believe that Aether Systems (AETH) is having a more difficult time with integrating its string of acquisitions than anticipated, hence the lower gross margins and higher operating expenses.
Wednesday, February 14, 2001
Thursday's Play - MLTX
Shares of Multex.com (MLTX) broke above the critical $20 area on Wednesday, setting up an extremely favorable risk/reward scenario.
Tuesday, February 13, 2001
Wednesday's Play - NETE
Investors have turned their backs on high P/E companies.
Monday, February 12, 2001
Tuesday's Play - CSCO
You've all heard the news. Internet equipment and Nasdaq bell wether Cisco announced last Tuesday that its customary 50 to60-percent growth rate would be reduced to 30-percent in thecoming quarter and 12-percent in the following quarter.
Sunday, February 11, 2001
Monday's Play - THQI
Shares of THQI have not settled above $30 since December 15th, and there does not seem to be much resistance until over $35.
Thursday, February 08, 2001
Friday's Play - GLW
The sellers are not letting up on our Bearish selection.
Wednesday, February 07, 2001
Thursday's Play - DELL
Shares of Dell have formed an impressive bullish flag, remained above the 5- and 10-dma's, and even managed to trade above Tuesday's high.
Tuesday, February 06, 2001
Wednesday's Play - EXTR
Following a retest of recent highs near $50, the share price is once again floundering below all of the critical moving averages.
Monday, February 05, 2001
Tuesday's Play - MSFT
Shares of the Redmond-based software giant finished $1.13 higher today, despite a weak performance by the tech-riddled NASDAQ.
Sunday, February 04, 2001
Monday's Play - SNDK
SanDisk Corporation is the world's largest supplier of flash data storage products.
Thursday, February 01, 2001
Friday's Play - GLW
If actor George Clooney were staring in a movie about the good ship Corning it would be called "The Perfect Short". |
