PBR Archives - Page 19 of 29 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: JDST, CNET, TTMI & More

Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST)

JDST, for those of you who may not be familiar, is a bear index for gold, which has been taking a pounding over the past couple of months, as world economies have seen a general pickup.

Many analysts are predicting a protracted bearish run from the precious metal, for instance Goldman Sachs has forecast gold to decline to $1,050 an ounce this year. Still others believe a trip to sub-$1000/oz prices is in the cards.

Should gold continue its downtrend, JDST is one way to leverage against that, so we’re going to have this index on our radar from this point forward. It could stand to see further increases while investors are turning to other classes of assets which are currently boasting healthier returns.

TTM Technologies, Inc. TTMI

TTMI is hitting our scanners this morning as a potential bottom play. The stock made a run toward the end of Thursday’s session, and spent the day Friday under general consolidation where it came down to bounce off of support at 7.28 in the last hour of trading.

We’ll be keeping an eye in the activity here today, on the heels of this morning’s news of an acquisition that will make the company one of the world’s leading manufacturers of printed circuit boards.

COSTA MESA, Calif. and ST. LOUIS, Sept. 22, 2014 (GLOBE NEWSWIRE) — TTM Technologies, Inc. (TTMI) (“TTM”) and Viasystems Group, Inc. (VIAS) (“Viasystems”) today announced the execution of a definitive agreement under which TTM will acquire all outstanding shares of Viasystems >>> FULL PR

ChinaNet Online Holdings, Inc. CNET

Another stock that popped up during this morning’s scan falls more under the category of a momentum play; CNET made a big move on Friday, and from the looks of things we should be on the lookout for some of that activity to carry over into this week. The stock is presently gapping up in the premarket, and as always when we see this scenario, we are open to the possibility of seeing a potential dip-and-rip on the chart.

The company also announced today that it had won recognition at yesterday’s Chinese eCommerce Industry Gateway Conference in Beijing:

BEIJING, Sept. 22, 2014 (GLOBE NEWSWIRE) — ChinaNet Online Holdings, Inc. (CNET) (“ChinaNet” or the “Company”), a leading B2B (business to business) Internet technology company providing online-to-offline (O2O) sales channel expansion services for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China, announced today that the company won the Best Company in Chinese Entrepreneurial SME Business Development Marketing at the 2014 Chinese e-Commerce Industry Gateway Conference. >>> FULL PR

PBR Options Trading Idea

Also, for a quick options trading idea to kick off the new week, we have possible interest in the October 3rd $16 Call, which closed at 1.29 on Friday.

Extended Watchlist:
TATT, DSS, RSH, CLX

Blue Horseshoe Stocks: SINO & PBR Updates

Sino-Global Shipping America Ltd. SINO

In yesterday’s newsletter, we mentioned that SINO was gapping up sharply in premarket trading, and as a result we would be on the lookout for a classic dip-and-rip pattern. That’s precisely what we got as SINO would settle into a low of 3.31 very early on, before springing back to run to a daily high of 4.69, which incidentally happened to be a new annual high as well.

In total the move was enough to secure up to 41% in intraday profits on incredible volume, to the tune of more than 58x the 3-month average.

This definitely signals a strong week for us; it marks the second consecutive session that a stock appearing in our pre-market report went on to set a new one-year high!

Petroleo Brasiliero S.A. (Petrobras) PBR- Options

The PBR Calls that we tagged in yesterday’s pre-market report fared extremely well as PBR once again surged past the $17-mark, and even cracked $18 briefly in the afternoon. The bullish run resulted in the $16.50 Calls trading up from .92 to 1.35, for a 47% intraday run, and the $17 Calls making an even better move. They started from a low .56 and spiked 105% to 1.15.

At this point our winning calls involving the PBR options chain, spanning back from early this spring, are too many to count. It has indeed been a wellspring that we’ve returned to time and again, and have almost always met with positive results.

Moving forward, we’ll be looking to roll our strike price up a bit to the $17 & $17.50 Calls, and in the event that PBR re-breaches and holds the $18-level, possibly even consider moving it up further to the $18’s and $18.50’s.

Extended Watchlist:
AUXL, IFON, AKS, CTIC, IMUC, PERI, OTIV

Blue Horseshoe Stocks: AVNR, SINO, FREE & More

Avanir Pharmaceuticals, Inc. AVNR

We included AVNR in our extended watchlist yesterday and we were glad that we did. The company released an announcement concerning the positive clinical trials of its drug “AVP-923” which is used to treat Alzheimer’s >>Read The Release and what followed was one heck of a bullish session.

The stock saw an early low of 9.32, and steadily pushed its way up all session long, with the high of 13.09 coming just prior to the close. That mark represented a solid 40% intraday gain, as well as a new 52-week high! The amount of volume traded was also impressive, on the order of more than 89M shares, an annual record and more than 25X the three-month average, so we really like the timing of our alert on AVNR.

AVNR provides another good example of why we always remind our subscribers to check through our daily extended watchlist selections thoroughly, as hidden gems like this one tend to pop up with surprising regularity.

Sino-Global Shipping America Ltd. SINO

SINO began to run when the company released financials that included some significant highlights just prior to the close yesterday, and the stock is gapping up heavily this morning for what should be an interesting session.

Generally in these instances we’ll be on the lookout for the phenomenon we refer to as the dip-and-rip. Stockholders see the huge run, and the resultant profit-taking usually leads to a subsequent pullback. That’s where we’re waiting to catch the bounce and snipe some rapid profits.

FreeSeas Inc. FREE

FREE made its way down to a new 52-week low of .29 yesterday and could be in prime position for a possible bounceplay. This morning, the company has revealed that it has concluded the sale of one of its vessels for $12.25M and entered into a long-term charter with the new owners >> View PR

FREE is gapping up as a result and provided that the stock can break through resistance at roughly .45 which we’ve pointed out on the following chart, things could get very interesting.

Options Trading Ideas

We’ve got a couple of possibilities we’re looking at in the options arena today as well:

– RWLK $38-$40 Calls

– PBR $16.50 & $17 Calls

Extended Watchlist:
GRT, NWBO, DNDN, MSTX, STRI

Blue Horseshoe Stocks: RSH, KNDI, PBR & More

Some Recent Favorites on Bottom Watch

Each of the following stocks brought us large gains earlier this year, and have all been in recent consolidation patterns. They began to exhibit signs of a turnaround on Wednesday. We want to have them all fresh in our minds in coming sessions as we scan for potential bounce-play opportunities that present themselves.

Kandi Technologies Group, Inc. KNDI

We mentioned last Friday that we would be monitoring KNDI for a bottom this week, and began to witness it yesterday as the stock came down to hit 14.79 before snapping all the way back to 16.30, a 10% intraday move. We’ll be on the lookout for signs of continued recovery.

Petroleo Brasiliero S.A. (Petrobras) PBR

PBR appeared to find its low at 17.06 yesterday, and began to rebound into the close at 17.38. As our readers already know, it’s the PBR options chain that has provided us with the most opportunities this year, so once we get a good indication that the bounceback will be sustained, we’ll get a better gauge of the most interesting contracts.

RadioShack Corp. RSH

RSH took a substantial dip to the .77-range to start the day yesterday in anticipation of a disappointing quarterly earnings call taking place at 9am this morning. There was a brief bounceback over a dollar and the stock did end the day back up in the lower .90’s. Rumor has it that there is a high probability of the company declaring bankruptcy, so while there is still a lot of uncertainty in the air, we’re just going to want to monitor RSH to hold support at or above the 50DMA of .83, otherwise we may want to prepare for further decline.

Others to Watch

We’ve got another pair of plays that carry some potential as we head into week’s end, ones that have yet to appear in our reports prior to today.

Wet Seal, Inc. WTSL

WTSL was a hit on a routine scan today; the stock is gapping up this morning. We’ve noticed a large gap to fill on the chart between .90 and 1.00, and trades are presently going off in the pre-market at .73, up over 7% already. The filling of that gap and returning to 1.00+ would mean sginificant gains from here so we’ll be watching this one closely.

Natural Health Trends Corp. NHTC

Yesterday we took notice of NHTC hitting its own low point on Tuesday, and the stock did actually see a significant bottom bounce to more than $17 before pulling back into the close to fall below $13. We’ll want to keep an eye peeled to see if we can use some of that volatility to our advantage.

Added Note:
Lululemon Athletica, Inc. LULU Calls

LULU is gapping up on an earnings beat this morning, so we’ll be looking for profit-taking to create a potential dip-and-rip scenario that could lead us to opportunities in the $41-$43 Calls.

Extended Watchlist:
SCOK, OTIV, AKS

Blue Horseshoe Stocks: Tuesday’s Big Gainers & More

Dig-It Underground, Inc. DIGX

DIGX met our expectations quite nicely yesterday on our first day of coverage. For those of you who may have missed our premarket report *and* the afternoon update we sent out on DIGX, it was a heck of a day. The stock opened at .0048 and ran hard, breaking the key resistance area we pointed out from .008-.0085 and setting a new high into the close of .0091. Volume was also substantial, with DIGX trading well over 7x the one-month average volume.

A chance for up to 90% in gains on our very first day talking about a stock is certainly nothing to sneeze at. As the stock officially entered blue skies toward the end of the session yesterday, we’ll be especially anxious to continue to follow its progress.

We also caught an after-hours PR from DIGX yesterday afternoon:

EULESS, TX–(Marketwired – Sep 2, 2014) – Dig-it Underground, Inc. (PINKSHEETS: DIGX) – Robert Wodarczyk, President of Dig-it Underground, Inc., announced today that the company has signed a Letter of Intent to acquire 100% of the Membership Interests of Cannabeez Media, LLC along with all its assets and proprietary property, including the web site www.cannabisexaminer.com. >>> FULL PR

Digital Ally, Inc. DGLY

DGLY was also included in both of yesterday’s reports, and had a landmark session. Starting out from a low of 22.12, the stock went on a massive run to 33.59 on volume which exceeded the monthly average by more than five times .

That was good for a 52% intraday romp, an incredible feat for a NASDAQ-listed stock in this price range. From the 5.75 low we caught back on August 21st, DGLY has delivered an overall increase of 484% (In just 8 sessions).

LabStyle Innovations Corp. DRIO

DRIO appeared as one of our points of focus in yesterday’s premarket report as well. We were extremely pleased with the way this stock continued to pick up steam throughout the afternoon and had a very strong close, setting new highs toward the end of the session.

Overall we saw an intraday move from .09 to .13, a respectable 44% gain on approximately 10x the average volume.

Following our first alert on DRIO a week ago yesterday, we’ve a seen an overall increase from a low of .065 to yesterdays high which stood at a nice round 100%

Petroleo Brasiliero S.A. (Petrobras) PBR – Options

PBR was among several of the plays we’re tracking to hit new highs again yesterday. Our regulars know that the PBR options chain has been like a wellspring of huge opportunities for us since we first picked up on it this spring. We’ve played it successfully too many times to count now, and the gains just keep on coming.

The main set of contracts we’re following at present have been the January 17th $19 Calls. We first signaled those as a longer-term play back on August 20th after noticing abnormal volume off of our scans, and subsequently witnessed them trading as low as 1.23

With PBR pushing over the $20-mark yesterday as setting a new high of 20.87, we once again had huge activity in those calls with open interest totaling nearly 50k contracts, closing at their highs of 3.25. That pushes our total possible increase since we’ve been tracking these calls to 164%

Image Sensing Systems, Inc. ISNS

We put ISNS on our radars a few sessions back on August 27th. It took a couple of days of bouncing around and trading in a slight channel from roughly the 3.60-4.00 range before the stock came back to find support at 3.53 before, like many of the other plays we’ve talked about this morning, going on a massive rush into the close. The stock hit a high of 6.99, marking an intraday run of 95%

Extended Watchlist:
INFI, VII, MAGS, CBLI, BTH