Month: December 2014

Blue Horseshoe Stocks: CACH, PLUG & More

CACHE, Inc. CACH

Continuing the pattern of tracking bottom-plays that we’ve established this week, we have another potential play to add to the mix this morning with CACH.

We noticed this one on our premarket scanner this morning, and after glancing at the chart we can see potential for a possible dead-cat bounce. The stock has recently been beaten back to a new 52-week low at .22, and is rebounding back to the mid-.30’s in this morning’s premarket trading. We’ll have an eye on it for at least the remainder of the week.

Today’s Press:

CACHÉ, Inc. (CACH), a national multi- channel specialty retailer of women’s apparel and accessories, today announced that the Company has received an inquiry from a third party regarding a potential sale of the Company >> Full PR

Plug Power, Inc. PLUG

Our long-time subscribers will certainly recall our monstrously-successful interactions with PLUG in the past, but for those who are newer to our reports, a quick refresh- we tagged plug initially back on February 28th, 2013 at a price of .135, and over a 13-month period followed it all the way to a high of 11.72 (this March); an eye-popping increase totaling 8,581%

Currently, PLUG is trading near the $4-mark in this morning’s premarket, and there is a gap on the chart from roughly 4.50-5.00. If the stock can break its 50DMA at 4.36 on the strength of a significant PR this morning, we could see a gap-fill.

On the whole, the stock is trading at a relative bottom, and with a number of factors looking favorable (including this morning’s announcement of a contract worth upwards of $20M), we like the chances of seeing some opportunities come our way.

The severe beating currently being administered to the fossil fuel markets makes now as good a time as any to look at alternative energy plays like this one, as well as others we’ve previously tracked within the sector, such as BDLP and FCEL.

LATHAM, N.Y. and SPOKANE, Wash., Dec. 4, 2014 (GLOBE NEWSWIRE) — Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions, today announced that it has executed a multi-year contract for its ReliOn integrated fuel cell solution and GenFuel hydrogen services to be used with a major North American telecommunications provider. >> Full PR

Extended Watchlist:
TCCO, ARRY, SCOK, RAD, MZOR, TASR(Fresh News)

Bonus Penny Watchlist: VSTR, AVIX

Blue Horseshoe Stocks: Update on AEZS & More

AEterna Zentaris, Inc. AEZS

Our Monday morning report this week included AEZS as a potential bottom play which we did end up timing perfectly, seeing an 18% intraday move (.55-.65) during that session.

We also focused in on AEZS yesterday morning, mentioning that further opportunities appeared possible, and were rewarded for the second straight day. The stock traded in a range from .67-.79, which registered as another 18% intraday jump.

Yesterday’s high marked an overall increase of 43% and provided an excellent example of why the setting of new all-time lows in a given stock is a phenomenon that will draw our attention every time.

We’ll continue to monitor this play as the week progresses, but all in all, we consider it to be a success already, with the chances it has given us to make solid gains over a period of just two days.

Quick Update on TASER International, Inc. TASR

We wanted to update readers on another stock we’ve been monitoring over the last week- TASR has also provided a modest opportunity over the past couple of sessions. The stock bounced off of support at 20.79 on Monday, and yesterday managed to push its way to a high of 24.44, a notable 17.5% increase.

Extended Watchlist:
IDRA, MOLG, SQNM, ONVO,

Blue Horseshoe Stocks: AEZS Recap & More

AEterna Zentaris, Inc. AEZS

We called AEZS in yesterday morning’s newsletter as a potential bottom play to kick off the week, and our timing really couldn’t have been much better. After opening at .55, it would run to as much as .65; a solid intraday increase totaling 18%

Any time we can make a quick profit off of a stock coming off of its all-time lows we consider it a big success, and will continue to monitor this stock for further opportunities it may present with any continuing rebound action.

The turnaround came in conjunction with a PR notice that AEterna had signed a license and technology transfer agreement pertaining to the company’s “doxorubicin” anti-cancer compound with Sinopharm A-Think Pharmaceuticals, a division of China’s largest pharmaceutical company.  >> Read PR

Energy XXI (EXXI) – Bottom Watch

Speaking of stocks trading at landmark low points, as an apparent result of the continued slide in oil prices in addition to a recent financial update that was poorly-received, EXXI has come down to find new 52-week lows.

We’re going to put this stock on bottom-watch, while noting that further losses for crude could actually cause it to continue pushing its lower boundary. That certainly seems to be the opinion of some analysts, but as ever, where others see lost ground, we see opportunity on the horizon.

Either way it shakes out, we could see a substantial recovery of the EXXI chart once oil prices begin to rebound, so we’ll tag it for our ongoing watchlist and monitor the situation moving forward.