Blue Horseshoe Stocks: BBRY Review, HK & More

Friday’s Options Review –  Blackberry Ltd. BBRY

BBRY was the object of our attention with regard to options-trading ideas on Friday, and it turned out to be a major success.

In our morning report we zeroed in on Weekly 7.50-8.50 Calls for what we felt could be “significant intraday swings” and each of the three sets of contracts within our target range managed to meet our expectations. The $8 and $8.50’s made particularly violent spikes exceeding the 1000-percent mark!

$7.50 Calls – Trading Range: .69-1.41  – Max Gain: 104%
$8 Calls – Trading Range: .20-2.88  – Max Gain: 1340%
$8.50 Calls – Trading Range: .04-.55 – Max Gain: 1275%

We also prepared a short video of the action provided by these BBRY Calls:


Halycon Resources Corp. HK

In the midst of tax-loss selling season, we are noticing opportunities to pick up highly discounted shares practically everywhere we look. One possible play we’re considering as we kick off this holiday-shortened week is HK, which fits a couple of the criterion for which we’re always looking.

Not only is the stock coming off of a new annual low registered on Thursday, but on Friday, no less than five members of management filed Form-4’s indicating the purchase of shares at .26. Both occurrences qualify HK for an extended-term recovery watch.

Even further, there was an announcement on Friday from CEO Floyd Wilson alluding to an exchange offer , the closing of which will apparently reduce “long-term debt by more than $1 billion and… annual cash interest expense by more than $50 million.” >> VIEW PR


Extended Watchlist:
CANV, CDII, CDNL, VPRO, DBMM, SENY, VOIL