Blue Horseshoe Stocks: MCPI, DRL, KNDI & More

Med-Cannabis Pharma, Inc. MCPI

First up this morning is an update on MCPI, which has been a juggernaut over the past week, beginning on August 4th at a price of .355. We’ve tracked the stock every step of the way, and yesterday, were pleased to see it break over a dollar.

At the high of 1.14, we were looking at an overall increase of 221% over the span of only seven sessions. Those who may have just picked up on MCPI following yesterday morning’s report, still had the opportunity to score some quick intraday gains as the stock ran 42% over its daily range from .80-1.14.

Anytime we see such rapid gains over so short a period, it starts to feel like the time to take at least a portion of our profits off of the table. However, unsustainable increases often lead to dip-and-rip scenarios as we’ve already seen from MCPI, so we aren’t done tracking it by any means.


Doral Financial Corp. DRL

Another recent successful call is DRL, which we first took notice of back on June 9th, at which time the stock traded at a low of 3.53. More recently, we re-tagged DRL on the 23rd of July, at a price of 5.23.

No matter where you mark our starting point from, yesterday’s move to a high of 7.47 represented chances for significant gains. From the 07/23 alert, it marked a solid move of 43%, and  from our earlier 06/09 call, an overall increase of 112%


Kandi Technologies, Inc. KNDI Options

We’ve had KNDI in our reports and on our radars quite a bit this year. We’ve watched recently as the stock has consolidated over the past couple of sessions, and yesterday’s pullback to 17.03 seemed a bit exaggerated. The stock appears to be a gapper this morning, currently trading up in the high 17.50’s.

Should a reversal occur we’re going to have interest in the options chain, specifically the 09/20 $17.50 Calls. As usual, we’ll adjust our strategy accordingly as the overall trend becomes clear.


Side Note:

We want to radar NII Holdings, Inc. NIHD this morning as well, a stock that was recently hammered back to 52-week lows. We’ll monitor for the eventual bottom and any bounce opportunities that may present themselves.


Extended Watchlist:
ICTL, BTCS, LIVE, HPJ, FCEL