Blue Horseshoe Stocks

Blue Horseshoe Stocks: Monday’s Movers, Bottom-Play & More

Yesterday’s Movers

B2Digital, Inc. BTDG – One of the stocks that we were looking at from yesterday morning‘s extended watchlist was BTDG. This super-subpenny play made its move right from the opening bell, and by the time the first hour of trading had elapsed, the stock had recorded a double-bag move to the upside.

BTDG traded in a range from its low of .0004, and hit .0008- a perfectly symmetrical 100% rip. The stock closed at its dily mid-point of .0006, and with the kind of volatile price action we’ve observed, we’ll be certain to keep an eye peeled in sessions to come.

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Novus Acquisition & Development Corp. NDEV – The other notable mention from yesterday’s report was NDEV. We noticed this one had just perked up after a sustained period of lethargic trading the day prior, and the trend continued.

The stock traded in a solid range from .30-.442, an intraday push of 47%, and perhaps most notably, closed with strength at .43 after having traded roughly two-and-a-half times its 30-day average volume. That’s sufficient to warrant further observation, thus NDEV will remain an item of interest for us.

DAVIDs TEA, Inc. DTEA

We’re going to add DTEA to the radar this morning. After a substantial gap-down and continued backslide on Friday, the stock gave a hint of a bottom-bounce to kick off the week yesterday along with a major influx of volume.

As you can see on the included snapshot, the stock is egregiously oversold and could be preparing for a more significant rebound, so we’ll want to be on the lookout for that.

Extended Watchlist:
RNVO, AKAO, QFOR, FDFT, REFG, PMPG

Blue Horseshoe Stocks: Updates, Bottom-Watcher & More

Updates From Last Week

Interpace Diagnostics Group, Inc. IDXG – We outlined IDXG in Thursday morning’s report, and after witnessing a low of .3619 followed by an excellent 232% pop to 1.20 on that first day, we were optimistic about our chances for seeing more new highs on Friday.

They did come, early on in the session as IDXG ripped to a new high of 1.98, bringing our two-day total observed gain on the stock to a walloping 447%

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MJP International Ltd. MJPI

After initially alerting this stock on Wednesday at a low of .85, MJPI is another multi-dayrunner that we were tracking into the latter half of last week that ended up setting new highs on Friday.

The stock traded in a range from 1.38 and went as high as 2.02; a 46% intraday push. The new top mark, from our observed low of .85, represented an overall increase of 138% in a span of just three sessions.

Ophthotech Corp. OPHT

OPHT is setting off our bottom alarms in a big way this morning. The stock is getting absolutely massacred in the premarket in the wake of a poor clinical data release today. The stock is falling to record lows, which is always something that causes us to take note.

Whenever a knee-jerk reaction to any news sends a stock barreling down to its lowest prices ever, you can be all but certain that at some point in the near future, there’s going to be a substantial rebound. With that comes bounceplay opportunities- a chance to properly time the eventual recovery for what could be significant gains. That’s why we’re placing OPHT on intensive bottom watch in coming sessions.

Extended Watchlist:
SYRX, MEMP, CALA, NDEV, BTDG, TTCM

Blue Horseshoe Stocks: IDXG, MJPI & More

Interpace Diagnostics Group, Inc. IDXG

We had a few solid performers from yesterday morning’s report, but IDXG was definitely the cream of the crop. We saw a huge initial surge out of the gate followed by a steady ramp-up for the remainder of the session.

From a low of .3619, IDXG traded as high as 1.20, which represents an intraday run of 232% and it occurred on more than eighteen times the 30-day average volume. Not only that, but it managed to close above the dollar mark at 1.01. With price action and momentum like that combined with the fact that we’re seeing another gap-up here in the premarket, we’ll defintiely be on the lookout for further activity today, possibly in the form of a dip-and-rip scenario.

The big move was largely catalyzed by the release of a PR alluding to the fact that Aetna has agreed to cover Interpace’s ThyraMir™ test for all of its 46 million members. (>>View Full PR)

MJP International Ltd. MJPI

MJPI extended its gains yesterday and secured its status as a multi-day runner. We tagged this stock on Wednesday at a low of .85 and witnessed a decent run to 1.18 (+39%). Yesterday we recapped its performance, including the very bullish close and high volume, and mentioned that a continued run could be in the cards.

We turrned out to be spot on in our assessment, and MJPI persisted in its uptrend, trading up from a morning low of 1.20 and reaching a new high of 1.63. That worked out to an intraday push of 36%, and extended our two-day gains on this play to a highly-respectable 92%

Options Recap

Twitter, Inc. TWTR – After furnishing us with double-bag gains yesterday, our target contracts that we initially put forth last Thursday, the TWTR 01/20 $19 and $20 Calls, recorded some modest intraday gains and added to our cumulative totals.

01/20 $19 Calls – Range: 1.33-1.70 – Max Gain: 28%
01/20 $20 Calls – Range: .94-1.22 – Max Gain: 30%

There is a gap on the TWTR chart that runs from roughly $21-24, and with a 01/20 expiration, we’ll continue to track these options, and if it appears the gap will begin to fill, roll up our strike prices accordingly.
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Fresh Idea:

Wynn Resorts Ltd. WYNN – We’re looking for a possible recovery play for WYNN in the wake of a damning China UnionPay policy change that implements further restriction of the maximum daily allotment for ATM withdrawals in Macau. With 60% of WYNN’s revenue coming from Macau, the stock got hammered during yesterday’s session.

It appears as if some measure of a recovery will take effect this morning, with the stock gapping up in the premarket, so we’re going to be monitoring the WYNN Weekly $96-98.50 Calls for potential quick-strike trades.

Extended Watchlist:
IMUN, PIOI, LEXG, AXPW, ACNV, MSTX

Blue Horseshoe Stocks: PPCH Breakout & More

Propanc Health Group, Inc. PPCH

It didn’t require any patience on our part before we saw our bottom-watchlist from yesterday morning’s premarket report bear fruit. What we have in PPCH is an example of absolutely perfect timing.

After being mostly in a downtrend for a period that stretches all the way back to springtime, we ended up calling the bottom here with laser-like precision. The stock bulled its way up all day long, trading in a range from .008, through the penny barrier, and up to .017. That works out to an intraday pop of 112% and it came on nearly six times the monthly average volume.

The stock also managed to close just a tick below its high of day at .016, so we’re definitely going to be on the lookout for continued momentum. Yesterday wasn’t the first time we caught this play for triple-digit gains, and in all honesty, it probably won’t be the last.

Twitter, Inc. TWTR – Options Recap

In last Thursday’s morning report, we presented an options idea for TWTR based on the setup of the chart; at the time it was trading in the mid-$18 range.

We put forth the TWTR 01/20 $19 and $20 Calls, to give ourselves the time needed to realize the upward move we suspected the stock would make, and it turned out to be another good idea. We saw a run to the mid-$19 level, and it facilitated the following performances in our target options:

01/20 $19 Calls – Range: .80-1.64 – Max Gain: 105%
01/20 $20 Calls – Range: .51-1.19 – Max Gain: 133%

Again, with that extended expiration date, we’ve still got all the time in the world to witness even further gains out of these contracts. That should start with with this morning’s opening bell, as TWTR is gapping up in the premarket once again.
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Fresh Idea:

Lululemon Athletica, Inc. LULU – On the strength of a solid Q3 earnings release and the authorization of a $100M buyback program, LULU is looking strong, and we want to get in on the action by formulating a new options idea to correspond with the activity.

Yesterday the stock broke out of the channel, from roughly $54-58, that it had been stuck in for several weeks, so we’re going to be focusing our attention on the LULU Weekly $66.50-70 Calls.

MJP International Ltd. MJPI

We also want to recap the performance of another play from yesterday’s extended watchlist. MJPI appeared for the first time in our reports, and responded with a solid session.

From a low of .85 the stock traded as high as 1.18, marking a 39% pop on the day and like the aforementioned play, it too closed just a single increment below the high of day at 1.17, and will thus remain on our list going forward.

Extended Watchlist:
IDXG, VNR, SPHS, NAVB, GAHC, AGIN, LBSR

Blue Horseshoe Stocks: Options Recap, Bottom-Watchlist

Options Updates

We’ve signaled a number of options ideas recently, and would like to take an opportunity this morning to go over the types of gains that they’ve produced this week. Each of them has an extended term remaining until expiration and will continue to remain on our wathlist moving forward.

On Monday we presented the PODD 01/20 $35 Calls for observation, and in the ensuing two sessions, we’ve witnessed a solid 48% move from 2.00 up to 2.95.

Yesterday, we added the GDDY 01/20 $36 Calls into the mix, and saw a fantastic first-day performance out of those. From a low of .85, they ran as high as 1.75, for a single session double-bag rip of 106%
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Added Options Notes: Ideas from last week that have yet to make their moves but are still on our watchlist include the TWTR 01/20 $19 and $20 Calls, as well as the ITUB 01/20 $11 Calls. With six weeks remaining until expiration, there’s still plenty of time for these play to display the activity we’re after.

Bottom Watchlist

It’s tax loss selling season as the year’s-end holidays rapidly approach, and that means increased liquidity for many stocks. It’s also a time when we look for the increased activity as a catalyst for bargain basement type plays to see nice moves off of their 52-lows. So here are a handful of stocks trading at or near their annual low points to watch for possible bottom bounces over the next few weeks:

Bravo Multinational, Inc. BRVO

Orbital Tracking Corp. TRKK

Electronic Cigarettes International Group, Inc. ECIG

Propanc Health Group, Inc. PPCH

Extended Watchlist:
MCPI, DIMN, MJPI, PKGM, VAPE