Blue Horseshoe Stocks: Updates on BFLX & SKYF, Extended Watchlist

Yesterday’s two momentum plays both fared extremely well, collectively allowing us the chance to bank more than 200% in cumulative intraday gains. Read ahead for an update of those performances:

Bioflamex Corp. BFLX

BFLX opened at .0009, and dipped as low as .0007 before closing out the day at the high of .0013, marking an overall intraday move of  86%

As you can plainly see on the intraday chart below of BFLX’s trading activity, there were several swings on the day, which actually tallied cumulative gains of 153%

The stock closed up 44% on the day, and did so on over 425 million shares traded. That’s the kind of momentum that is strong enough to sustain multi-day runs, so we’ll be on the lookout for that. There will be a point where profit-taking will drive the price back down, where we can be ready to time a dip-and-rip, if that’s the scenario with which we are presented.

In order to keep our interest, BFLX will have to hold support in the .0007-.0009 range.

__________

SKY440, Inc. SKYF

 SKYF started out the day yesterday at .0013 and briefly dipped as low as .0012 before going on a romp, reaching a high of .0024, which marked a chance for a 100% intraday gains.

The stock closed at .002, up 54% on the day with 569 million shares trading hands, another example of the extreme liquidity that we like to see. For us to remain interested in this play, we’ll need to see support hold off of yesterday’s lows of .0012.

__________

Extended Watchlist:

HALO, GORO, XXII, TC, PLUG

Blue Horseshoe Stocks: BFLX, SKYF, OBJE & Extended Watchlist

Bioflamex Corp. BFLX

Over the weekend, we were conducting a search for some momentum plays to monitor this morning, and came across BLFX, a sub-penny stock which has just recently awakened from a relatively dormant period. These types of plays, while highly volatile, have definitely provided us with opportunities in the past.

After breaking a previous resistance level, the 200DMA (.0006), the stock held above that mark on Friday. A heavy influx of buying has come in over the past couple of trading days, and it closed out last week in full-on momo-mode.

Today, we’ll need to see BFLX maintain support above the 200DMA, and crack though the psychological barrier at .001 in order for us to remain interested in this play.

SKY440, Inc. SKYF

In the course of another of our routine weekend scans, we caught wind of another runner. SKYF has had significant momentum building up over the past couple of sessions, so this is going to be one that we want to keep on our watchlist as trading for the week commences.

As we point out on the chart below, all indicators are looking bullish and like the aforementioned play, SKYF is another one that we’ll need to see hold support above the .0006-level to hold our attention.

OBJ Enterprises, Inc. OBJE

We tagged OBJE as a bottom watch play on Friday, and like clockwork, the stock came down to find support at .04, and would subsequently bounce back to .0545, for a 36% positive intraday move.

Today, we’re looking for higher highs and higher lows out of OBJE to confirm a sustained uptrend.

Extended Watchlist:
WCUI. CPST, IDN, CERE, RSH, JCP

Blue Horseshoe Stocks: Bottom Play Friday

NewLead, Ltd. NEWL

We’ve been tracking NEWL for a long time, waiting for the stock to find support and bounce up off of a bottom, and that appears to have happened now. Since the last time we touched base with this play on April 17th, it had consolidated all the way down from the .20’s to less than a nickel.

Yesterday we saw a surge back into the six cent range, so we want to make note of this stock again today, monitor for higher lows and higher highs, and try to take advantage if NEWL continues to rebound.

Prima BioMed, Ltd. PBMD

Here’s another stock that has been trading at a relative bottom, that just put out FDA fast-track news this morning. PBMD is gapping up into the 1.20’s this morning after its big announcement, so this presents us with an interesting and familiar scenario.

Due to the nature of the fresh PR, and the fact that a large gap-up appears imminent, we’re going to have this play on close watch for a dip-and-rip. For our new readers, this is when a significant event drives a stock to gap up, and the resultant profit-taking drives the price back down. It’s there that we attempt to time the bottom and score quick-strike profits on the bounce. Over the years, this has become one of our favorite methods of obtaining rapid in-and-out gains.

SYDNEY, AUSTRALIA–(Marketwired – May 9, 2014) – Prima BioMed Ltd (ASX: PRR) (NASDAQ: PBMD) (“Prima”) is pleased to announce today that the United States Food and Drug Administration (“FDA”) granted Fast Track Designation to the CVac clinical development program at Prima. This program is intended to improve overall survival in patients with relapsed platinum-sensitive epithelial ovarian cancer who enter a second complete remission. Prima will work closely with the FDA in accelerating its development program for CVac to potentially bring this treatment option to patients in the U.S. >>> FULL PR

OBJ Enterprises, Inc. OBJE

OBJE hit our news scanner this morning, and it caused us to take notice of the chart. The stock has been in a continuous downtrend since early this year, so we’re going to go ahead and put this on bottom-watch.

It’s already trading at its annual lows, we’ll just be monitoring for when it does reach an eventual base, where we’ll be waiting to scoop up cheap shares and play the recovery.

HOUSTON–(BUSINESS WIRE)–OBJ Enterprises, Inc. (OBJE) and partner My Go Games LLC (GO) are proud to announce how its growing portfolio of brands will serve as a catalyst and delivery portal as we prepare for multiple game releases in 2014.

My Go Games and OBJE plan to combine strategies that leverage product placement and established brand networks that utilize social, mobile and online platforms to deliver revenue generating games and product sales channels to a booming marketplace. >>> FULL PR

Side Note:

PBR earnings are slated for release today, which could lead to significant volatility. We’ll still be monitoring the same Calls we’ve tracked all week, while staying ready to switch up our strategy should the need arise, dictated by the nature of the figures.

Extended Watchlist:
PLUG, HNSN, PLCC, UEPS