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PORTFOLIO UPDATES:
Yesterday's play -QLGC,* hit the day target and we closed out the trade at $83.00 with a 4.6% gain.
Or you may see one of these statements...
We averaged on BEAS yesterday at 68.25 bringing the cost per share to 66.625. The new STOP and TARGET prices are listed.
+JNPR We missed our entry point by 1/16, but those who did get in, congrats - the stock saw a nice gain yesterday.
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Note:
+ indicates a long position (buy)
- indicates a short position (sell)
* indicates available pre-market
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REMINDER: Keep in mind that we usually average a stock a maximum of 2x's before stopping out. Limited capital tied up in a single
stock can cause additional risk and loss of capital. It is best to keep a reasonable stop loss to protect capital and use the entry and exit points as a guideline only!
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EXAMPLE: The Model Portfolio is a listing of current stocks in play. The AVERAGE column is the price at which you would purchase
a second lot of the stock should it move against you. In most cases you will see a stock averaged twice before a stop loss. The "none" in that column indicates that it
has already been averaged twice. The STOP column is the price at which you could cut your losses and the TARGET column is the price that we are looking to take our profits.
This information should be used as a guidline ONLY. You should set your own limits depending on what you are comfortable with. We try to show the entire spectrum
of trading with this model. Notice that if a stock hits the average price AND the stop price in the same day the Model will show an average only. The PORTFOLIO UPDATE section
simply updates you to what the pick of the day did as well as any changes made to the Portfolio via averaging, etc. Please use your own due
diligence.
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Todays Pick: |
+NTIQ Look to take a short position in NetIQ Corp. at a price of 70.00 or above, if seen. Day target 66.00 - 68.00
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PRICE & VOLUME:
52-Week Low on 11-Apr-2000 $28.875
52-Week High on 13-Dec-2000 $111.50
Daily Volume (3-month avg) 939.7K
Daily Volume (10-day avg) 988.0K
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BUSINESS SUMMARY:
NetIQ is a provider of eBusiness infrastructures management software
that enables organizations to optimize the performance and availability
of Windows NT and Windows 2000-based systems and applications.
The Company's Administration, Operations and Network Performance
Management product lines are designed to reduce the cost of operations
and increase the security, performance and availability of eBusiness
applications, directories, servers and networks. |
FINANCIAL SUMMARY:
NetIQ Corporation develops application management software that
enables businesses to optimize the performance and availability of their
Windows NT-based systems and applications. For the three months
ended 9/30/00, total revenue totaled $30.5 million, up from $7.6 million.
Net loss totaled $111.8 million vs. an income of $472 thousand. Results
reflect the addition of new customers and the acquisition of Mission
Critical, offset by increased amortization. |
WEBSITE: http://www.netiq.com |
NOTE: If day target is hit, take the profits and do not hold overnight. If the day target is not met, hold the stock and we'll
add it to our Model Portfolio. If an entry point is NOT seen a position will not be taken for the newsletter. Trade management is up to each individual trader.
EXAMPLE: The prices and targets for the pick of the day should be used as a guidline for you when deciding to get in and out of a trade. We watch pre-market as well as throughout the
trading day. If the stock hits the entry price for the day then the following morning you will see it listed in the Model Portfolio. If the stock does
not hit the entry price for the day, then no position will be taken and you can check the Market Overview the following morning and it will note that. We've also added the stocks Price & Volume, the Business and Financial Summary
and the companys website to give you a starting point with your own research.
There are also many other features of the newsletter not listed here. After the Pick of the day you'll find the weeks ECONOMIC CALENDAR, a section called
THIS WEEK'S FEATURE where we will highlight certain stock tips, a story or a financial website. You'll then find all the CLOSED POSITIONS for the current quarter as well as where to go for help.
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