Month: October 2016

Blue Horseshoe Stocks: APYP Recap & More

AppYea, Inc. APYP

We re-alerted our readers on APYP on Friday morning, after having included it in our premarket report exactly two weeks ago today. It has made some good progress since then, so we’d like to kick things off this morning by providing an update on the moves it has made.

Friday’s session produced a nice intraday gain from a low of .0029 up to a new high of .0044, for a solid 52% upswing, and from the low we observed subsequent to our next most recent mention (.0009), it represented an overall increase of 389% in just under two week’s time.

Bottom-Watchlist

Both of the following stocks have recently fallen to new annual lows. We’re always on the lookout for potential bottom-bounce plays, so we’re going to want to place each of them on watch over the next few sessions.

Pain Therapeutics, Inc. PTIE – This stock underwent a massive gap-down and sell-off a couple weeks back following an FDA application denial for the extended release oxycodone capsules that the company has been licensed to develop since 2002.

We’re going to track it closely as it searches for its ultimate lows, which, if present indicators are any guide, could be forthcoming at any time now.

Cosi, Inc. COSI – While there is no gap to the upside on the COSI chart, we can see the same sort of major selloff that occurred a couple of weeks ago, and continuing up until Friday, when a new 52-week low was recorded.

As you can see on the snapshots, however, COSI is even more heavily oversold than the previously mentioned play. The volatility of its precipitous decline is what interests us most in tracking the stock for its eventual rebound.

Extended Watchlist:
GRNH, MYDX, HADV, HMPQ, JAMN, CRNT, TSRO,

Blue Horseshoe Stocks: OWCP’s Epic Run Persists & More

OWC Pharmaceutical Research Corp. OWCP

At this point, over a week since we first alerted on OWCP, we’re beginning to run out of superlatives to describe the uptrend that has now persisted over the span of an entire trading week. It’s increased by leaps and bounds each day, and yesterday produced one of the biggest intraday rips yet.

From its morning low of .035, the stock pushed its way to a new high of .073 for a solid double-bagger (+109%) on the day, and an absolutely massive rise of 1522% over our observed low from last Thursday.

Just as we stated in yesterday morning’s report, we want to keep our heads on a swivel concerning OWCP moving forward. When this monstrous breakout finally does end, opportunities for a subsequent dip-and-rip may present themselves, and at that point we’ll be ready to strike once again.

Ruby Tuesday, Inc. RT

We haven’t talked about Ruby Tuesday’s in our reports for nearly two years, but we see good cause to take a moment to revisit it today. Instances in which we see clear-cut short to moderate-term opportunities in both a stock and its associated options chain are rare indeed, but it appears we have just that with RT.

As you can see on the snapshot below, it just set a new 52-week low yesterday, but there was a notable recovery before market close wherein the stock recouped more than half of its daily losses. It makes RT a prime bottom-bounce candidate, and our other favorite indicators, the RSI and the MACD are both strongly suggesting that a more sustained rebound could be in the cards.



Additionally, we’re going to keep an eye on the RT 11/18 $2.50 Calls for a possible short to mid-term options trading opportunity if the recovery in RT plays out as we suspect it might.

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Added Note: We also placed the DIS 11/11 $94-96 Calls on extended watch yesterday and the stock did begin to make the move up we were banking on there, so we’ll continue to track those closely as well.

Extended Watchlist:
AGTK, APYP, HNR, RGSE, PJET

Blue Horseshoe Stocks: Cannabis Updates, Options & More

OWC Pharmaceutical Research Corp. OWCP

We hardly need to tell our regular readers that we caught and alerted OWCP last Thursday at a low of .0045, because it has appeared in every single one of our premarket reports since then.

It’s rare to come across a multi-day runner of any duration, but one that continues for the span of an entire week without so much as a hiccup is really something special. Yesterday the stock parlayed its four-day head of steam into another great intraday run from .0261-.0468, a jump 79%  That new high represented an overall five-session swing totaling 940%

Huge cheers go out to anyone who has participated in this epic run, which is part of the cannabis space, a sector that we’ve been tracking more closely as the landscape has been heating up. We’ll continue to track OWCP, not only for the potential of continued momentum, but for the eventual consolidation and subsequent bounceplay that’s sure to arise when that occurs.

Cannabis Pharmaceuticals, Inc. CNBX

Speaking of the cannabis space, another related play that appeared in yesterday’s report went on to have itself quite a nice single-session performance.

CNBX traded in a daily range from a low of .06 to .0819 on more than triple the monthly average volume, and closed at that high. That was good for a 37% move, and with the bullish close to consider, we’ll certainly want to keep a close eye on CNBX for the possibility of continued momentum.

Catalyst Pharmaceuticals, Inc. CPRX

We’d also like to take a minute to update readers on the performance of CPRX over the past couple of weeks, a stock that we tagged for observation back on September 16th. On that day we observed a low of .99, and CPRX hasn’t dipped below that point since.

Over the past couple of sessions, things have really ramped up, with the stock setting a new high of 1.58 yesterday, up 60% from our witnessed low. That occurred on the third highest traded volume in the stock’s history, and the highest number of shares traded in a single day since 2013.

Aurinia Pharmceuticals, Inc. AUPH

While we’re on the topic of pharma plays we’ve tagged recently that have taken off to new highs, we also have to make mention of AUPH. We placed this stock on watch in Monday morning‘s report, and the ensuing run has been solid enough to warrant continued observation.

From a low of 3.07, the stock traded up to 4.13 (+35%) on roughly four times the monthly average volume, and is gapping up this morning to around $5, extending that figure even higher.

Fresh Options Idea – Disney Co. DIS

We like the current setup of the DIS chart, and the chances for a long-term recovery, so we want to signal a range of extended term options calls to correspond with that.

We’re going to radar the DIS 11/11 $94-96 Calls and keep track over them in the weeks ahead. .

Extended Watchlist:
QTM, VNR, FRO, CERU, DRRX, CPS