Month: September 2016

Blue Horseshoe Stocks: Bottom-Bounce Watchlist & More

Bottom-Bounce Watchlist

We’ve got a trio of potential bottom-plays hitting our scanner this morning, and as our regular readers are surely aware, we’re quite fond of bargain-basement prices. Our history is chock-full of solid recovery based gains.

Eldorado Gold Corp. EGO – This gold play showed up on our radar this morning after Friday saw the stock record a hint of a rise off of its lowest PPS since early April. As you can see on the included snapshot below, the chart is boasting an RSI that appears ready to come off of being oversold, with clear convergence on the MACD hinting at an impending bullish cross. We’ll place this one on watch for upcoming sessions as we kick off this short trading week.


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ITT Educational Services, Inc. ESI – This stock showed signs of life on Friday, coming up off of the new 52-week low it registered on Thursday. In addition to being egregiously oversold at this point, there is a monstrous gap on the chart from the low-.70’s on up to the 1.40 range. We’ll be looking for an eventual fill which would of course spell gains approaching 100%

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Dynavax Technologies Corp. DVAX – In a moderate morning gap-up, DVAX has already begun to regain some of the ground it lost on Friday following the FDA’s decision to delay its decision on the company’s hepatitis vaccine. No surprise, as the 30% selloff seemed a bit of an overreaction.

We’ll look for the rebound in progress to continue, and will remain interested provided it maintains support above this morning’s premarket low of 12.27. Bonus Options Idea: If the recovery unfolds as we suspect it might, we’ll be anxious to tracj the activity in the DVAX 09/16 $12 and $13 Calls.

Auscrete Corp. ASCK

We also want to provide a brief update on ASCK, a subpenny play which we placed on watch in Wednesday’s premarket report. After coming down to find support at .0023 the stock ultimately reached a new high of .0065 on Friday.

It marked an intraweek swing of 183% and qualified for a continued spot on our working watchlist.

Extended Watchlist:
NAVB, KGJI, SGBY, NAV, SPU

Blue Horseshoe Stocks: Winning LVS Options & More

Las Vegas Sands Corp. LVS – Options Recap

To correspond with the surprise news that Macau gambling revs broke a two year pattern of disappointment, we prepared ourselves with a few options ideas yesterday, and while they all provided opportunities to an extent, the one that shone through as the clear winner was Las Vegas Sands.

We zeroed in on the LVS Weekly $51-52.50 Calls for potential daytrading chances, and regardless of the chosen strike price, multi-bag intraday gains were there for the taking. The possible profits were as follows:

$51 Calls – Range: 1.18-2.83 – Max Gain: 140%
$51.50 Calls – Range: .85-3.36 – Max Gain: 295%
$52 Calls – Range: .40-1.82 – Max Gain: 355%
$52.50 Calls – Range: .30-1.62 – Max Gain: 440%


Kibush Capital Corp. DLCR

After alerting DLCR in Wednesday morning’s premarket report, the stock has gone on a heck of a two-day run for us. Yesterday we mentioned that we’d keep an eye out for a continuation of the uptrend, and got just what we were looking for as the stock streaked to new highs for us.

It traded in a range from .0036-.0071, falling just shy of a double-bagger with a 97% intraday push, and from the low we observed on Wednesday morning subsequent to our initial report (.00297), it represented a two-session overall increase of 139%

Ocean Rig UDW Inc. ORIG

We’ve also got a potential bottom-play hitting our scanner this morning in ORIG, so we wanted to make mention of that as well.

All it takes is a quick glance at the chart to see why we’ll be interested in tracking the activity in this stock in sessions to come. We’ve got a strong double-bottom signal, a bullish MACD cross in progress, and the RSI is indicating that ORIG is presently oversold.

These are all factors we routinely search for, and when coupled with a sizable gap on the chart to the upside, and the fact that it was trading at three times its current price less than a month ago, we’ll certainly want to watch this one closely.

Extended Watchlist:
BTG, FSM, NGD, TRUU, CCLX, ICLD,

Blue Horseshoe Stocks: DLCR Update, Options & More


Veeva Systems, Inc. VEEV –  Options Update

We closed out yesterday’s report with a fresh options trading idea in the VEEV chain, and were not disappointed with the results.

We focused on VEEV after the company posted a mammoth year-over-year sales increase in its premarket earnings report. Our specific targets of interest were the VEEV Weekly $39-42 Calls and it came as no surprise to see solid intraday gain opportunities from each and every set of those contracts.

$39 Calls – Range: 1.55-2.25 – Max Gain: 45%
$40 Calls – Range: .85-1.53 – Max Gain: 80%
$41 Calls – Range: .50-.90 – Max Gain: 80%
$42 Calls – Range: .25-.50 – Max Gain: 100%

Kibush Capital Corp. DLCR

We placed DLCR on watch in yesterday’s premarket report, and were instantly met with chances for intraday gains by this subpenny swinger. From its low of .00297 first thing in the morning, the stock eventually reached a high .0046, representing a move of 55%

It marked the third straight session that DLCR has recorded higher highs and higher lows, and with a strong close at .0044, we’ll keep an eye out for continuation of the trend. For the stock to retain our interest it we’ll want to see it hold support at or above .0037 on any pullbacks.

Casino Stocks Heating Up – Options Ideas

After an unexpected increase in August gaming revenue in Macau (world’s largest casino hub) which broke a two year downtrend, we’re seeing a number of casino-related stocks that seem poised to perform really well, at least over the short-term.

The situation is leading us to put some options ideas on the table to correspond with current conditions:

Wynn Resorts Ltd. WYNN Weekly $92-94.50 Calls

Melco Crown Entertainment Ltd. MPEL Weekly $13.50-14 Calls

Las Vegas Sands Corp. LVS Weekly $51-52.50 Calls

Extended Watchlist:
ANDI, AWAW, CYTK, IMUC, MAXD, HDUP, SPU, ROKA