Author: BHS

Blue Horseshoe Stocks: SOPW Recap & More

Solar Power, Inc. SOPW

On Friday, in a stroke of flawless timing, we highlighted SOPW as a potential bottom-play. The stock had been in virtual freefall for the better part of the past month. The combination of that heavy overselling and a morning PR announcing a 6-month, $50M share buyback program earned the stock top billing in our premarket report. >>> READ PR

It turned out to be a great decision, as SOPW registered a solid intraday move from 1.47-1.98 (+35%), and it managed to close just one tick below its high of day, at 1.97.

That performance firmly qualifies this play for continued observation this morning as it has effectively gone from a bottom play to a momentum play. We’ll want to be on the lookout for the possibility of some early profit-taking and consolidation, followed by a subsequent bounce.

There’s a fresh PR hitting the wires this morning that folks might want to check out >>TODAY’S PR

Auri, Inc. AURI

AURI was a great play for us at the beginning of last week as it gave us an opportunity to bank gains of more than 100%. Following the huge spike, we left off on Tuesday by mentioning that we’d “keep our eyes on the price action as the week progresses” and it was a good thing that we didn’t let it slip off of our radar.

AURI came down to ultimately find support at .0027 on Thursday, and on Friday it surged back to a high of .0061, so anyone who continued to pay attention had the opportunity to take advantage of a 126% swing.

Pervasip Corp. PVSP

We also want to do a quick recap of PVSP’s performance from Tuesday to Thursday. We’ve covered this play quite a bit this spring, and on Monday, we warned our readers that another upswing could be in the making. We certainly did see one, as PVSP ripped from its low of .0009 on Tuesday past the penny-barrier to a high of .0015 just two sessions later; it marked an intraweek move of 66%

Moving forward, we’ll want to see the stock continue to build higher lows, ideally holding support at .001 on any pullbacks.

Extended Watchlist:
BLDP, PTBI, MXL, PTN, GALE

Blue Horseshoe Stocks: SOPW News, PTN on Bottom Watch

Solar Power, Inc. SOPW

SOPW is the first of a couple of news plays that we’re going to be taking a look at this morning. The company has announced the initiation of a 6-month long share repurchase program wherein it will obtain up to $50M of its common stock from the open market.

Xiaofeng Peng, Chairman of SPI stated, “The implementation of our share repurchase program reflects the confidence that our Board and management have in SPI’s growth prospects and our commitment to enhance value for our shareholders while retaining adequate flexibility for future growth.” >>> READ FULL PR

In addition to the favorable PR that, in and of itself would be enough to gain our attention, SOPW has also been searching for a bottom over the past few weeks, and we’ll want to be hanging around when it finds one, as the subsequent rebound could be considerable.

Palatin Technologies, Inc. PTN

PTN has capitalized on the FDA’s recommendation for the first ever treatment for a disorder that affects the female sex drive. The company itself has a similar treatment that is currently enrolling women for Phase-3 trials.

As a result of this heightened attention, this morning, the stock is gapping up over 50% in the premarket. We’re going to tag it for observation, because the potential for a dip-and-rip in situations like these is ever-present.

LinkedIn Corp. LNKD –  Options

Our LNKD Weekly Options Calls that we brought into the mix on Wednesday continued to pay dividends for the second consecutive session yesterday. We wanted to give a quick update on the ranges and total gains that have been possible with those contracts over a two-day span:

$205′s – Range: 6.00-11.64 – Max Gain: 94%
$207.50′s – Range: 4.20-9.29 – Max Gain: 119%
$210′s – Range: 2.60-7.30 – Max Gain: 181%
$212.50′s – Range: 1.58-5.10 – Max Gain: 223%

We want to extend our congratulations to anyone who joined us in taking advantage of the trend in LNKD this week. It wasn’t the first time we’ve made successful options calls on this stock, and it probably won’t be the last.

Extended Watchlist:
ICLD, INO, JDST, OCLS

Blue Horseshoe Stocks: Reviewing COTE, DNRG & More

Coates International, Ltd. COTE

After tracking COTE over a monstrous 560% swing (.0025-.0165) on Tuesday, we cautioned readers that a dip-and-rip might be in the cards yesterday, and it’s a good thing that we did.

The follow-up move managed by COTE was smaller by comparison, but still very impressive in and of itself. The daily range on the stock was huge, as it surged from .0068 and once again ran into resistance at .0165. It marked an intraday move of 142% and came on more than six times the monthly average volume.

We’ll continue to reserve a place on our watchlist for COTE as we head into the end of the week; if its activity thus far is any indicator, we may yet see the development another opportunity for healthy daily gains.

Dominovas Energy Corp. DNRG

DNRG exploded off of our extended watchlist yesterday, where we included a tag of it and the interesting PR we found on a routine scan. It appeared others found it interesting as well, because the stock went on an absolute rip from .005 to .0125; a single session swing of 150%

It was fortunate that we were vigilant enough to catch this play for ourselves and our readers, which up until this week, had been trading by appointment only. After the considerable momentum in the stock yesterday, we’ll be tracking its activity for the remainder of the week.

Yesterday’s Successful Options Ideas

We tossed out some options-trading ideas in yesterday’s premarket report, and the profits were certainly there for the taking:

LinkedIn Corp. LNKD – We provided a wide range of LNKD contracts to monitor- Weekly $205.00-212.50’s:

$205’s – Range: 6.00-10.30 – Max Gain: 72%
$207.50’s – Range: 4.20-8.00 – Max Gain: 90%
$210’s – Range: 2.60-6.00 – Max Gain: 131%
$212.50’s – Range: 1.58-4.00 – Max Gain: 153%

The longer-term ideas we included for LNKD also bore fruit immediately:

08/21 $220’s – Range: 9.80-12.00 – Max Gain: 22%
08/21 $225’s – Range: 8.15-9.90 – Max Gain: 21%
08/21 $230’s – Range: 5.10-8.00 – Max Gain: 57%

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Petroleo Brasiliero SA (Petrobras) PBR –  We tagged the Weekly PBR $8.00-9.00 Calls for observation on PBR, and while the $8’s didn’t see much in the way of open interest, the $8.50’s ran from .38-.63 (+65%) and the $9’s made an even double bagger from .11-.22.

Extended Watchlist:
AVEO, GEVO, EKSO, DARA, NBY, NEON, AMPE