Happy New Year from Blue Horseshoe Stocks

With tomorrow’s holiday splitting another week right down the middle, we’d like to take this opportunity to wish our audience a very safe, healthy and Happy New Year. 2013 was an extremely successful year for us, and we are really excited to make 2014 even better!

At this point all of our regular readers are aware of our ongoing interest in marijuana -related stocks. We’ve covered this relatively new and rapidly growing industry tenaciously over the past year-and-a-half, and to our great pleasure, it has provided us with countless opportunities to profit.

Cannabis Science, Inc. CBIS

CBIS is an old favorite of ours that has delivered the goods on several occasions. Most recently, following our latest report which included the stock (12/19), CBIS touched its 52-wk low at .028, and has been really heating up since that time, reaching a high of .04 yesterday, good for a rebound of 43%

The stock closed at the high-of-day on more than 5.5x its 3mo. average volume, which certainly qualifies CBIS as a potential momentum play.

Here are some of the other stocks we’ve been  continuously tracking in the cannabis industry:

Hemp, Inc. HEMP,

Medical Marijuana, Inc. MJNA

Growlife, Inc. PHOT

Also consider: FITX, GRNH, SKTO, TRTC (Click here to view a past report containing much larger list of marijuana-related stocks)

We want to have the sector as a whole on watch as these plays are heating up, and seem poised to begin the New Year on a strong note. That fact, in concert with all of the recent progress that marijuana has made on both legislative and social levels, has us thinking that 2014 could be a landmark year for marijuana related stocks.

We also prepared a video chart presentation on the subject:


Progress Watch Corp. PROW

We first alerted on PROW back on Dec. 20th, at which time the stock saw a low of .0065, and we subsequently followed it to a high of .013. (+100%) After pulling back to .008 the following day, the stock has now surged back to re-test that .013 mark, giving us chances at up to an additional 65% gain.

PROW is likely to remain on our radar and in our reports well into the New Year.


Kandi Technologies Group, Inc. KNDI

KNDI came off of yesterday’s morning report to have a solid session, so we wanted to congratulate anyone who was able to take advantage. The stock saw a daily low of 11.50, followed by the high at 12.79, marking an intraday gain of just over 11%  A pretty good move for a stock in that price range, and a nice addition to the significant gains we’ve already seen from KNDI.


Extended Watchlist:
DROP, ONVO, CYTR, IMMU, LIVE, DRYS, FREE, GNK, MDNT(Readers pick, coming off recent 52week lows, thanks to John)

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KNDI, PPHM & Extended Watchlist

Kandi Technologies Group, Inc. KNDI

This morning, we are revisiting a play that has been periodically appearing on our Extended Watchlists since this summer. Following a July 15th alert, we would see KNDI dip as low as 4.41 (07/23). We continued to monitor the stock through to September, as it went on to hit a high of 9.20 (10/26), marking an increase of 109% in roughly three month’s time. However, our adventures with KNDI had only just begun.

By early November, it had settled back to a low of 6.15, and it hasn’t looked back since. Moderate gains gave way to full-on breakout mode on Friday as the stock rocketed to a high of 10.4784, marking a gain of 70% off of its most recent low, and a 138% rise from our original alert low of 4.41. This huge move came just a few days after the following announcement:

This is definitely a story that we will continue to follow in the New Year, as the company expects to increase its delivery of electric vehicles. CEO Hu Xiaoming recently stated: “In 2014, we expect our EV business may surpass our legacy go-cart business and become a major revenue generator for the company,”

More information : http://www.kandivehicle.com


Peregrine Pharmaceuticals, Inc. PPHM

PPHM is an old-time favorite of ours that we wanted to call attention to this morning, as the stock is undergoing some notable pre-market trading action. From lows (1.25) following our most recent alert on PPHM is gapping up significantly, currently trading in the high 1.40′s on a PR fresh out this morning. We’re very interested to see how far the current trend will carry, so keep an eye peeled on PPHM.


Peregrine Pharmaceuticals Initiates Sunrise Pivotal Phase III Clinical Trial of Bavituximab in Second-Line Non-Small Cell Lung Cancer

Company Launches www.SunriseTrial.com to Assist Patients and Physicians

TUSTIN, CA, Dec 30, 2013 (Marketwired via COMTEX) — Peregrine Pharmaceuticals, Inc. (NASDAQ: PPHM), today announced the opening to enrollment of its SUNRISE trial at leading oncology centers in the United States. SUNRISE is a pivotal Phase III clinical trial comparing the company’s investigational immunotherapy bavituximab plus the chemotherapy docetaxel against placebo plus the chemotherapy docetaxel in patients with second-line non-small cell lung cancer (NSCLC). This trial will enroll approximately 600patients from more than 100 medical centers worldwide. >> FULL PR


Extended Watchlist:
AMMX, PROW, BIOL, CYTR, AVL(Coming off double-bottom)

CNDO, FREE, WPCS & Extended Watchlist

Coronado Biosciences, Inc. CNDO

When we last visited CNDO, we made mention of the large gap on the chart that we were looking to see filled. At the time (Dec.12th), we observed prices as low as 1.75. Now two weeks later, we have seen some real strides toward the filling of that gap, with yesterday’s high of 3.09 marking a gain of 77%

The stock has been making higher lows for the past four sessions, and we’ve mentioned that a break of the 50DMA could lead to further gains. Now that it has happened, we are going to be extra vigilant over this play.

We took the liberty of drawing up a video chart on CNDO for your convenience:

As far as options trading is concerned, we are currently eyeballing the 01/18/14 2.50 Calls, which closed at .72 yesterday. A return of the stock to previous levels in the $4-5 range would likely yield multi-bag gains on those contracts.


FreeSeas, Inc. FREE

FREE has been a big winner for us in the recent past. Following our last alert, the stock was trading as low as 1.12. We had previously ridden FREE for gains of more than 400% and after watching it consolidate heavily, we mentioned that chart indicators were signaling the beginning of what we assumed would be another significant run.

Once again, our assumptions proved to be highly accurate. The stock has found its way off its bottom, yesterday reaching as high as 2.40. That marks an opportunity for gains on the order of 114% in just a couple of weeks.


WPCS International, Inc. WPCS

On December 23rd, WPCS appeared in our extended watchlist. It didn’t take long to see a positive move out of this stock; yesterday as it traded from a low of 1.46 to 1.619, it afforded traders the chance at a modest 11% gain.

We really want to keep an eye out for further movement on WPCS, as the stock is gapping up heavily this morning, to the tune of roughly 80% This comes on the heels of yesterday’s news that the company has developed a Bitcoin trading platform to capitalize on the recent digital currency fad.

EXTON, PA, Dec 26, 2013 (Marketwired via COMTEX) — WPCS International Incorporated (NASDAQ: WPCS), (“WPCS” or the “Company”), today announced that its wholly-owned subsidiary, BTX Trader, LLC (“BTX Trader” or “BTX”) has released a beta version of its Windows-based trading platform that is now available to the public at www.btxtrader.com. BTX Trader, which was recently acquired by WPCS, is the first trading platform to enable Bitcoin traders and industry researchers to access market data and execute orders on the five most popular Bitcoin exchanges in a single application.


Extended Watchlist:
PROW, DRYS, GNK, NEWL, EGLE, RSOL, SHIP

TGRO, GOGO, IMUC & Extended Watchlist

Tiger Oil & Energy, Inc. TGRO

TGRO continued to push itself to new highs on Tuesday, as the stock we’ve followed from a low of .36 (12/09) reached 1.47, extending our total possible gain in just a few weeks to 308%

We’ve obviously been extremely pleased with the performance of this pick, but as is the case with any stock that sees gains this large is so small a time-frame, it is by this point that one usually considers taking profits.

For more adventurous folks who might want to leave something on the table, we would suggest the possibility of using a stop-loss, in this case, the bottom of the previous session’s candle at 1.00.


Gogo, Inc. GOGO

GOGO began to rebound on Tuesday after a recent consolidation, holding support and bouncing off of the 50DMA. Many of you will recall our coverage of this popular tech play dating back to September 16th, when we caught it as low as 14.79. It went on to hit a high of 35.77, gaining 142% before the subsequent pullback we just mentioned occurred.

We want to keep an eye on GOGO, now that it has bounced off the $23-range, and is making its way back up, with pre-market trades currently going off above $26.

As far as options trading ideas for GOGO, we are interested in the January or February $30 Calls. For example, the February Calls previously closed at 1.70. If GOGO returned to $36 by 02/22 , those contracts could be trading in the $6 area, which would be good for more than a 250% gain from current levels. .



Extended Watchlist Winners

As is usually the case, we had a few picks from off of our extended watchlist that presented opportunities on Tuesday.

Bioanalytical Systems, Inc. BASI

Daily Range: 2.75-3.80  Gained: 38%

Noah Education Holdings, Ltd. NED

Daily Range: 2.34-2.56  Gained: 9%

ImmunoCellular Therapeutics, Ltd. IMUC

Daily Range: .96-1.09  Gained: 14%

Note: IMUC appears ready to continue its run today, gapping up in pre-market trading. Stay on top of this one, as several key chart indicators are beginning to look favorable. The RSI is starting to come off of being heavily oversold, and the MACD appears ready for a turnaround. As we’ve pointed out below, there is a large gap on the chart, the filling of which would spell significant gains providing it can break through the 1.20-range. We’ll be certain to have this one on our radars in the days and weeks to come.


Extended Watchlist:
ARIA, SPCHB, EROC, GNK

TGRO, PROW & Extended Watchlist

Before we break for tomorrow’s market closure, we’d like to take this opportunity to extend our warmest season’s greetings to our treasured audience, you! Happy holidays to all of our friends around the world! Whatever your personal beliefs may be, however you choose to celebrate tomorrow’s off-day, we hope you have a safe and wonderful time. We’ll see you all bright and early on Thursday morning!


Tiger Oil & Energy, Inc. TGRO

TGRO continued to blossom yesterday, attaining a new high, as it traded from a low of .96 into a strong close at the high-of-day of 1.25, and doing so on over 3X its 3mo. average volume. That was good for a solid 30% intraday rip, and at the 1.25-level a gain of 247% from our original alert at .36 (Dec. 9th) was possible. Congrats to anyone who’s been able to clean up here, as there has been ample opportunity for all.

The stock continues to achieve higher highs and higher lows, always a favorable sign concerning its chances to continue trending up moving forward. We’ll be interested to monitor its activity both before and after the holiday hiatus.

Yesterday, once again, TGRO made us the champions of the Penny Stock Rumble, sweeping both categories: Percentage gain, and dollar volume!


Progress Watch Corp. PROW

Like TGRO, PROW also managed to achieve higher highs and higher lows on Monday, affording it our close attention. After delivering us a 51% possible gain on Friday, it continued its run, opening at .009 and peaking at a high of .013.

That gave us another opportunity to profit, this time to the tune of 44% on thrice the average volume. That brings our two-day cumulative gain total on PROW up to a very respectable 95%


Extended Watchlist:
SUPN, IMUC, AUMN, GENE, NED, BASI, SGYP, AAPL, FB