Month: October 2013

MJNA, PHOT, SKTO, MWIP, HEMP, ELY & Extended Watchlist

Marijuana Sector Update
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To kick off the week, we’re turning the conversation back to both medical and legal marijuana-related stocks, a topic that we have covered extensivelyfor over a year now. Many of our old favorites have begun to show signs of promise once again, so we thought this would be a good time to bring them back into the fold as features in today’s morning report.
Medical Marijuana, Inc. MJNA

 

Growlife, Inc. PHOT

SK3 Group, Inc. SKTO

MediSwipe, Inc. MWIP

Hemp, Inc. HEMP

Each one of the preceding stocks (along with a great many more) has brought us several opportunities for large, or even astronomical gains, as was the case with MWIP from which we were afforded the chance at more than a 5250% profit (Coverage range: .0026-.1398)

Last week each of these began finding its way back to our watchlist as we’ve noticed increased volume, and as we’ve learned extensively in the past, volume often precedes price. Thus we are going to want to keep a close eye on these, and indeed the marijuana sector as a whole, which has yet to reach even a fraction of its full potential. Polls show that more than half of Americans now support legalization of cannabis and cannabis products, and of course we know that some states have already taken the necessary steps to make it available to their citizens.

Callaway Golf Co.  ELY

ELY appeared in Friday’s extended watchlist, then put forth a performance that merits mentioning. The stock touched a daily low of 7.82 very early in the session before enjoying a steady 14% surge up to 8.90, its highest point since 2010.

This comes on the heels of a wave of positive press last week including significantly boosted quarterly earnings:

Extended Watchlist:
DNDN, KNDI, OGXI, FNMA, FMCC, AAPL (Earnings expected today)

DUSS, AAPL, STWG & Extended Watchlist

Dussault Apparel, Inc. DUSS
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Our first alert on DUSS came last Wednesday the 16th, at which point the stock jumped from .001-.0015, giving us the chance at intraday gains of up to 50%  DUSS would repeat this action the following day, once again bouncing from .001 to .0015.

We had DUSS on our watchlist once again on the 23rd following a sell-off from previous highs, and were just in time to catch a low of .0009, and watch the stock jump 44% to yesterday’s close at .0013. Highly volatile plays like this one are not for the faint-of-heart, and while extreme caution should be employed in trading such stocks, it’s plain to see that they can also facilitate a multitude of rapid-gain opportunities.

Apple, Inc. AAPL – Options

AAPL has continued its uptrend all week, and the 11/01 $505 Calls that we’ve been tracking since 10/16 have continued their ascent as well. They’ve now reached 32.53 from where we began in the $12-range. The $510 Calls, starting out at $10 have charged as high as  28.91.

On Tuesday, we talked about moving our strike price closer to the money, while AAPL was trading in the high $520’s; we then saw a pullback to $508, and traders could have jumped into the $525 contracts at a deep discount. They went as low as 9.50, and yesterday touched a 19.70 high en route to a strong close at 19.35.

That’s the second time in the past week that our options ideas have yielded possible gains in the triple digits.We are going to stay on top of Apple as the earnings release on the 28th approaches. Historically, the stock has a tendency to run into earnings announcements in addition to high volatility on the day of release. We’ll be ready and waiting to time our plays accordingly.

S2C Global Systems, Inc. STWG

We caught STWG on a volume scan back in December of last year. In subsequent months it ended up showing us a huge move from sub-penny levels up to .02, and presenting the chance at quadruple-digit gains, as some of our long-time readers might remember.

We are looking toward STWG once again, as it seems momentum has been picking up recently; volume has been increasing and accumulation is at an all-time high. We are going to be monitoring for a move past that previous swing-high at .02, which would trigger a blue sky breakout.

BARCHART.COM currently lists STWG with 100% “Buy” Ratings in both the short and medium term.

Extended Watchlist:
WTER, CECO, COCO, ELY, DVAX

STXS, JAKK, FNMA, FMCC, PGCX & Extended Watchlist

Stereotaxis, Inc. STXS
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After appearing in our Extended Watchlist yesterday morning, STXS made a power move from 3.60-5.69, good for a 58% profit. While our timing on this alert was as close to perfect as we could hope, it certainly was no surprise. This isn’t the first time we’ve ridden this stock to large gains.We first mentioned STXS on July 30th, and at the time, it was trading as low as 2.33. By 08/06, the stock would go on to hit 10.85, for an unbelievable move of 366%

As you can see below, there is a large gap on the chart to fill from 5.64-8.02, so we’re on the lookout for a break past 5.70, which could trigger a possible move up into 8.00-range.

JAKKS Pacific, Inc. JAKK

We caught JAKK on our morning scanner yesterday as the stock was gapping up significantly. What resulted following the bell was a solid day’s performance, as we observed a run from a low of 5.68, and a subsequent high of 6.35, good for a gain of 12%

Fannie Mae FNMA & Freddie Mac FMCC

We tracked this mortgage-lending pair earlier this year to big gains, following them from the $1-range all the way up to the $5-range. (FNMA 1.20-5.44, FMCC 1.11-5.00)

We thought it was high time to re-introduce them to our watchlist, as they are breaking out once again. If past results are any indicator to the kind of gains we can expect on the current run, we’re strapping in for what could be another wild ride.

FNMA Chart

FMCC Chart

Virtual Sourcing, Inc. PGCX

PCGX comes to our attention today as a possible bottom bounce play. We’ve seen it maintain higher highs and higher lows coming off of a recent bottom.

The stock is known for making big swings in the past. Back in August it ran from .16 to 1.10, so there is a precedent for large gains from current levels.

Extended Watchlist:
SEEK, MJNA, PHOT, CLSN, BLDP