Blue Horseshoe Stocks: PBR Updates & More

Petroleo Brasiliero SA (Petrobras) PBR – Options
We were pleased with the potential for quick intraday gains provided by the PBR options chain on Friday. Our thoughts on moving up our strike price turned out to be warranted, as the $12.50 and $13 Weekly Calls we mentioned both did well on the day.In fact that $13’s actually made a heck on an intraday rip from .04 to more than .20.

We’re still optimistic that PBR stock can continue to recover (after recently hitting all-time lows) and even test the 14.50-15.70 range, filling its gap on the chart. The next major resistance hurdle appears to be the  200DMA at 13.88.

As for the contracts holding our attention moving forward, we’re still looking at the May $12 Calls (which we’ve already followed from a low of .31 to Fridays high of 1.10, +255%) and also considering the June $14 Calls which closed at .47 on Friday.

Positive ID Corp. PSID

PSID is garnering our attention once again this morning. This was a winner for us when we re-alerted it back on Feb. 18th.  If you recall, the stock was trading at a low of .0572 at the time, and we’d follow it all the way up to a subsequent  high of .125. It then came back to find support off of the 200DMA in the mid-.06 range.

We observed a Golden Cross on the chart last week, a signal we are always looking out for, and an 8-K filed this morning only adds to our interest as we kick off another trading week.

It is in regard to a lucrative purchase order that the company has received from UTC Aerospace Systems, which will service the US Dept. of Defense contract for the JUPITR program (Joint United States Forces Korea Portal and Integrated Threat Recognition):
On March 28, 2014 PositiveID Corporation (the “Company” or “PositiveID”) entered into an agreement, in the form of a purchase order, from UTC Aerospace Systems (“UTAS”) to support a contract for the U.S. Department of Defense (“DoD”). This agreement is expected to be performed over the next seven months, between March and September, 2014. The terms of this fixed price agreement include a total value of $841,000 to PositiveID, paid in monthly installments over the next seven months.

This agreement will support the DoD Joint United States Forces Korea Portal and Integrated Threat Recognition (“JUPITR”) Program, which is intended to detect biological threats in order to protect our nation’s warfighters and allies. The JUPITR program will test and evaluate PositiveID’s biological detection and identification technology called M-BAND (Microfluidic Bioagent Autonomous Networked Detector). The assessment will baseline performance, reliability, maintainability, ease of use, and cost of operation to provide the “best of breed” and most affordable options for the U.S. Army and U.S. Air Force.

A copy of the agreement will be filed as an Exhibit to the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. The description of certain terms of the agreement set forth herein do not purport to be complete and are qualified in their entirety by the provisions of that agreement.

Surna, Inc. SRNA

On Friday we added SRNA to our marijuana related watchlist, and were glad to have done so. We learned that SRNA’s new CEO is a former co-founder of Zynga, and the news was well received.

The stock shot out of the gate, rather quickly ballooning from its opening price of 2.99 up to 5.50 (+84%).

We also learned that in addition to a group of new directors, Surna entered into an agreement which effectively gained the company 14 intellectual property patents related to indoor climate control systems for cannabis growing in states where it is legal.

Extended Watchlist:
CLNT, MNGA, ARTX, BIOF, WATT, HIVE, PRAN (Huge gap down, possible bounce-play)

Blue Horseshoe Stocks: PBR Options, Cannabis Updates

Petroleo Brasiliero SA (Petrobras) PBR – Options

We first began tracking the PBR options chain one week ago today (03/21), and at that time, the May 2nd $12 Calls that we pointed out were trading as low as .31. With the exception of a marginal pullback on Wednesday, PBR has been in a recovery uptrend since recently touching its all-time lows, and that has allowed us to see some excellent gain opportunities.

Yesterday brought more new highs as the $12 Calls closed at a new high of 1.10, a 255% gain from our initial alert low. Since there is plenty of time before their expiration, we will stay interested in these contracts, with the continued recovery of PBR’s share price.

For some intraday opportunities we may consider moving up our strike price, and checking out the $12.50, or even the $13 Weekly Calls. In the event of another breakout-type session, we could possibly go as high as the $13.50’s. It’s always about being pushed in the money when we’re looking at our potential strike prices.

Surna, Inc. SRNA

SRNA is a stock to recently wake up from the dead, and like so many other new interests we’ve found, has been gaining ground on the strength of its entry into the increasingly trendy marijuana space.

That alone would have been cause to keep an eye on this stock moving forward. Another reason  SRNA has garnered a spot on our watchlist, is that per this morning’s PR, it’s now headed up by Zynga co-founder Tom Bollich. It will be interesting to see what someone of his expertise can bring to the rapidly burgeoning cannabis market.

Today’s News:
BOULDER, CO–(Marketwired – Mar 28, 2014) – Surna Inc. (OTCQB: SRNA), a company focused on the acquisition of cannabis industry related intellectual property, disruptive technologies, assets and scalable operating companies, today announced it has closed a merger with Safari Resource Group, Inc.

In conjunction with the transaction, Tom Bollich, visionary technologist and co-founder of San Francisco-based gaming company Zynga, has joined Surna as chief executive officer and a member of the Board of Directors. Additionally, the Company has appointed two other senior executives, Doug McKinnon and Tae Darnell, to its Board. >> FULL PR

Tranzbyte Corp. ERBB
Although it has been on our radar since 2012, we began talking about ERBB more heavily at the start of the “Green Rush”, which coincided with the beginning of trading in 2014.

At the time, we observed a low of .0026, and to say the stock has gone on to make massive gains is quite an understatement.  As of its recent high of .113, we were looking at an overall move of 4246% In a span of roughly three months, that is an unbelievable gain opportunity.

ERBB has been under consolidation since hitting that high, and is sniffing out a bottom, currently in the low .06-range, but we’ll want to keep an eye peeled after this morning’s PR, the company having set the launch date of its cannabis-vending solution, the ZaZZZ(TM) Machine.

Extended Watchlist:

Blue Horseshoe Stocks: RLTR, TTDZ & Extended Watchlist

Reeltime Rentals, Inc. RLTR

We caught RLTR at a good time yesterday morning, as the stock played out a classic dip-and-rip scenario, touching a morning low of .006 before making a monster 135% intraday move up to a high of .0141. It did so on strong volume, to the tune of nearly 3x its 3-month average.The recent gap on the chart was filled with yesterday’s advance, the RSI is curling up toward the power zone and we’d like to see it maintain above the 50-line. We also have a MACD which looks just about ready to turn bullish.

In order for us to remain interested, RLTR will need to hold support at or above a penny. There was also another PR out this morning regarding a new client for the firm, you can check it out by clicking the following link:

Triton Distribution Systems, Inc. TTDZ

Many of you will recall our original alert of TTDZ on January 30th, We followed this stock all the way from .0012, and by our most recent mention on March 18th, it had already gained as much as 1292% reaching .0167.

After a period of consolidation, leading to Monday’s low of .0107, TTDZ began ramping up once again, and yesterday, broke its previous swing high of .018, running to a new high of .0197.

That makes an overall move of 1542% in less than two months, so big congratulations are in order for anyone who has been able to take advantage of the exceptional upward movement on TTDZ.

Extended Watchlist:

Blue Horseshoe Stocks: BGMD, PBR, RLTR, & Extended Watchlist

BG Medicine, Inc. BGMD

To really see the full scope of the gains we’ve seen from BGMD this year, we have to track back to the end of 2013. Following an appearance in a report we released on Dec.10th, the stock would settle to a low of .87, and it has been doing quite well ever since.

In early January, we saw BGMD break the 1.50 mark, at that point already up significantly from its prior low. It would spend the rest of the month under a gradual consolidation (to around 1.12) until early February, when another uptrend began.

Flash forward to our recent alert of the stock on March 12th. After two days, we would see BGMD touch a low of 1.28, and from there it has taken off like a rocket. It set a new high of 2.419 during trading yesterday on news of positive results from a series of recent clinical trials.

That high marks a sizable 89% gain from its Mar.14th low, and a highly impressive overall move of 178% from the low we caught in December.

Petroleo Brasiliero SA (Petrobras) PBR – Options

Our first post on PBR came last Friday, at which time we professed our interest in the May 2nd $12 Calls. At that point, the contracts were trading at a low of .31. Yesterday, just three sessions later, as a result of the continued recovery of PBR stock off its recent all time low, the $12 Calls hit a high of .56 (+80%).

PBR is trading up pre-market today, as high as 12.25. What we have to expect now, is contesting with some resistance, currently, at 12.50, 12.71, & 12.84. If it doesn’t punch through those key resistance areas, we will be looking for the stock to hold support at or above 11.84.

Reeltime Rentals, Inc. RLTR

We going to be adding a new interest to our radar today,  in the form of RLTR. What makes this one especially interesting for us, is that Reeltime co-produces one of our favorite shows, CNBC’s “Money Talks”. News out this morning announced the airing of this season’s second episode, tonight at 10PM on CNBC.

On the stock side of things, RLTR has already seen a nice move this year, running from as low as .001, to a high of .025. It then consolidated to find support at .0061, and has now begun to bounce off of that low. The chart recently experienced a Golden Cross, and currently the PPS is holding support above the 50 & 200DMA’s, two bullish indicators.

All of those reasons definitely make RLTR one stock that we will be observing for the foreseeable future.

Extended Watchlist:

Blue Horseshoe Stocks: UTRM, MLCG, ROTH & More

United Treatment Centers, Inc. UTRM

Another pick, another great day of gains! UTRM became the latest new cannabis-related stock to make its mark. We were on top of it, placing it on high alert in yesterday morning’s report and reaping profits on the way up, employing the tried-and-true strategy of selling into strength.

It really was quite a session; extremely high liquidity (traded more than 642 million shares) allowed many to profit, as UTRM roared up from .0085 to hit a high of day at .0146 (a gain of 72%), just before closing two ticks below at .0144.

This onslaught of activity is going to have us paying attention to UTRM for quite some time. It’s possible that the company could produce a PR this week regarding the official launch of its new website on Thursday.

It’s also worth mentioning that UTRM is currently receiving a 100% “Buy Rating” on BARCHART.COM.

ML Capital Group, Inc. MLCG

MLCG continued to be one of our most productive recent points of interest yesterday. If you recall, we caught this play at the beginning of this month, and have seen a low of .04 as recently as the 12th which was followed by double-bag gains.

Yesterday, the stock posted another bang-up session, running 85% from a low of .10 all the way up to .185 on substantial volume.

From its recent low following our initial alert, MLCG has now risen as much 363% in just under two trading weeks.

PharmaRoth Labs, Inc. ROTH

ROTH is a momentum play that we’ve been keeping our eye on over the past few days. Currently the chart is exhibiting the telltale signs of a bullish trend, as you can see below. The RSI has punched into the power zone for  the third time this month, there has been a recent golden cross, and the MACD is diverging.

We’ll be watching for a possible continuation of the recent trends this mid-week.  Like UTRM, BARCHART.COM is also giving ROTH a 100% “Buy Rating” at the moment.

Petroleo Brasiliero SA Petrobras (PBR)- Options

After the $11 PBR Calls made a nice triple-digit move for us on Friday, we continue to take advantage of the stock’s recovery. The 05/02 $12 Calls, also mentioned Friday, that we re-tagged in yesterday’s report are now up considerably, and could be on the way to making similar gains.

Extended Watchlist: