PBR Archives - Page 21 of 28 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: DRL, PLUG Earnings & More

Doral Financial Corp. DRL

Following yesterday morning’s mention of DRL and the opportunities it has sent our way over the past couple of months, the stock once again provided for us. This time, it came in the form of a classic dip-and-rip, making its way down to an early-morning low of 6.80 before spending the rest of the session on the rise. We saw shares changing hands at 7.68 just prior to the close, a modest yet solid intraday move of 13%

Estimates have DRL’s earnings release pegged for the end of next week, so it should be interesting to see how this play fares over the next handful of trading days.

Petroleo Brasiliero SA (Petrobras) PBR Update

PBR has fallen into a consolidation pattern over the past couple of sessions, and we are monitoring the chart for signs of a bottom. The stock crept below 15.50, its lowest price in a month.

We’d like to see PBR get back above the 50DMA of 15.68, but in the meantime, we’ll need to see support hold above the 14.50-mark. Once we observe the telltale signs of another turnaround, we’ll be able to re-form our options trading strategies.

Plug Power, Inc. PLUG– Earnings Released

Our regular readers are well familiar with PLUG, a stock that has graced our reports dozens of times over the years, which we tracked over a mind-numbing range, .135-11.72, from early 2013 to March of this year. This morning will be a good time to turn our attention back to this hall-of-famer.

We want to keep an eye on PLUG in the wake of its earnings release early this morning. The stock is presently gapping up on the strength of record revenues, and looks to be gearing up for an interesting session. We’ve taken an excerpt from the PR, and provided a link to the full release below:

Total revenue for the second quarter of 2014 was $17.3 million, comprised of $12.6 million of product revenue, $4.4 million of service revenue and $0.3 million of research and development (R&D) contract revenue. This compares to total revenue of $7.5 million in the second quarter of 2013, which was comprised of $5.6 million of product revenue, $1.5 million of service revenue and $0.4 million of R&D contract revenue.

The Company shipped 687 units during the second quarter of 2014 compared to 246 units in the second quarter of 2013. >>> FULL RELEASE

Extended Watchlist:
KRED, ASTI, SYN, OIBR, FRO, FREE

Blue Horseshoe Stocks: MCPI, PBR & More

Med-Cannabis Pharma, Inc. MCPI

Exactly one week after we first brought it to our reports, MCPI continued to impress during yesterday’s session. The stock made an intraday move of 35% from .65-.88, and did so on nearly three times the 3-month average volume.

Calculating from our initially-observed low, the 88-cent high represented a one week overall increase of 148%, so congrats to any readers who were able to take a piece of the action.

This is going to be a play we’ll continue to track; per the timetable released in the Aug 4th PR regarding the opening of three retail marijuana stores in Washington, we should be receiving another update sometime in the next couple of weeks.

Petroleo Brasiliero S.A. (Petrobras) PBR

It’s beginning to seem as if we can peer through a crystal ball into PBR’s future with the way it seems to obey our predictions of late. Our subscribers will recall yesterday’s report wherein we mentioned our intent to monitor the $16 Weekly Calls for the second consecutive week, and that we’d be “on the lookout for a substantial move” provided the stock could once again surpass the $16-level.

As it has so many times in recent weeks, PBR behaved exactly as we’d hoped it would, smashing through $16, and eventually reaching as high as 16.48. As a result, our contracts made a solid move from .35-.62, an intraday spike equaling 77%

Following the same strategy from last week’s successful play on the $16 Weeklies, when the stock continued to run past the 16.30’s, those who had moved their strike price and rolled into the $16.50 Calls could also have collected a nice profit, with those contracts trading in a range from .12-.32 (+166%).

Elray Resources, Inc. ELRA

ELRA appeared in yesterday’s extended watchlist after we caught it off of a routine scan toward the end of last week. The stock offered up a nice dip-and-rip scenario yesterday. After trading as low as .0072, we saw a subsequent high of .0134, for total possible intraday gains of up to 86%

Extended Watchlist:
FRF, SUPN, SAND, ARTX, CNAT

Blue Horseshoe Stocks: MCPI, DRL Updates & More

Med-Cannabis Pharma, Inc. MCPI

To start things off this week, we’d like to congratulate any members that followed our coverage of MCPI last week to their benefit. We tracked this play as it ran from .355-.55 (+55%) between Monday-Wednesday.

On Thursday, the stock had consolidated back down to a low of .3776, and we mentioned that we were on the lookout for follow-up from the initial spike to provide us with a dip-and-rip opportunity, and that’s precisely what occurred. As we headed into the end of the week, the stock made another push that would exceed the first, and we actually observed a new high of .64 into the close.

The second spike of the week offered up by MCPI amounted to possible gains of up to 69% while Friday’s new high marked an overall increase of 80% from the low we observed on Monday.

Cheers to anyone who was able to take advantage of our timely coverage on this Washington State marijuana play.

Doral Financial Corp. DRL

We tagged DRL for the first time back on July 23rd, and since that time, have seen this stock trading as low as 5.20. This play caught our interest mainly because of the lawsuit they’ve claimed against the Puerto Rican Government.

As a result of a tax discrepancy, it has been alleged that the treasury owes DRL as much as $229M. This morning, the stock is flying high in the premarket on word that hearings for the suit have been suspended until next Monday, so that a settlement between the two parties may be reached.

This could further speed up the process, even after the proceedings were recently ordered expedited by the Puerto Rican Supreme Court. While it is not likely to be the full sum, a settlement could mean a significant portion of that figure going onto DRL books straightaway.

We’ll keep our eyes glued to this one, as we’ve already seen the PPS rise from 5.20 to this morning’s premarket high of 7.20, a respectable 39% increase over the course of roughly seven sessions. The announcement of the completion of the settlement agreement, if and when it arrives, could catalyze even further gains.

DORAL FINANCIAL CORP Files SEC form 8-K, Other Events (Mon 8:00AM EDT)

Side Notes:

We also want to throw LKA Gold, Inc. LKAI into the mix today, a new gold play with a long history of producing mines.

Also, we’ll still be monitoring the PBR Options Calls. We played them like a fiddle last week, and will continue to utilize the action to our benefit. If the stock can get back above $16, we’ll be on the lookout for a substantial move out of the $16 Weekly Calls.

Extended Watchlist:
ELRA, IDST, MNKD, PIP, HGSH

Blue Horseshoe Stocks: PBR Options Update & More

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

We called for a potential dip-and-rip play on PBR Calls yesterday, after following the contracts to gains exceeding 200% on Monday-Tuesday’s spike to .64. We did see the dip back down to the .30-range, and the subsequent rip came too, as the $16 Weeklies we’ve tracked from a low of .20 hit the 300% mark at .80 yesterday.

If you recall Tuesday’s report, we said: “Should PBR approach the 16.35-level, we would then have to consider moving up our strike price.” PBR did indeed test and break that price target (HOD 16.76) during yesterday’s session, and as a result the $16.50 Calls went on a romp from a low of .18 to .46, an impressive single session move of 155%

We hope our meticulous and spot-on forecasting of the PBR Options chain this week has at the very least, illustrated why we like to cover options just as well as stocks. As you can plainly see, the chances for quick gains are plentiful under the right conditions, as evidenced by the exponential profits offered to us by this play, time and time again.

Even as the talking heads saw fit to downgrade PBR earlier this year, we’ve stuck with it as it was coming off of ten-year lows back in March at 11.25, and brought continuous coverage as the stock has bulled its way up to more than $17. This will definitely go down as one of the brightest spots in 2014, a year that has thus far been extremely good to us.

Med-Cannabis Pharma, Inc. MCPI

We mentioned that MCPI might see some momentum carryover from Tuesday’s session in yesterday morning’s report, and that’s just what we saw. The stock would make an intraday move of 25% from .4375-.5475.

.Monday’s initial alert on MCPI gave folks a chance to grab MCPI as low as .355, from which yesterday’s high marked an increase of 54%

It’s also given us a chance to get our feet wet within the slowly-forming Washington State-based cannabis industry. We’ll have our eyes peeled for others that are sure to pop up as the state makes its transition away from prohibition.

Added Note:

World Wrestling Entertainment, Inc. WWE

Just to throw in a new options trading idea as we approach the end of the week, we’re going to be monitoring the WWE 09/20 $15 Calls, which closed at .50 yesterday.

Extended Watchlist:
HZNP, LIME, MCP, SAAS, SSYS, DDD

Blue Horseshoe Stocks: Share Reduction Play & More

Profitable Developments, Inc. PRDL

It’s been awhile since we’ve run across a stock trading at a dead bottom (.0001), and even longer since we’ve discussed one in our reports, but in light of the PR we caught this morning on PRDL, we’re going to make an exception.

We might call a stock like this a “lottery ticket”; a low probability, extreme high reward play. Super-subpennies by nature are highly speculative, but have the tantalizing quality of having nowhere to go but up. Especially in the instance of a stock like PRDL which announced a massive share reduction this morning.

With a stock trading in a higher price range, a 30% reduction should roughly equate to a similar gain on the chart. With a stock like PRDL, where each tick up on the chart equals a 100% gain, there’s really no telling where the road will lead. We just know we’re very interested to observe the result.

Starting with a block of two billion shares, the company is claiming to have planned for the retirement of a total of 30% of its common stock, click through to the PR below:

NEW YORK, NY , United States / ACCESSWIRE / Aug 6, 2014 / Profitable Developments, Inc. (OTC PINK: PRDL), today announced that it plans to retire a total of four billion shares of common stock. >>> FULL PR

Med-Cannabis Pharma, Inc. MCPI

Following Monday’s initial alert on MCPI, we observed a low of .0355, and sent out an update yesterday afternoon to highlight the 30% move the stock had made up to that point (.465). However, MCPI ended up pushing into the close at a new high of .485 and increasing our total possible two-session gain to as high as 37%

It remains on our radar today after such a strong close. Any time a stock closes at a new high of day, there’s always a chance for some momentum spill-over into the following session.

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

We’ve been hot on the trail of the PBR $16 Weekly Calls this week, tracking them from a low of .20 following Monday’s report, to yesterday’s high of .64 (+220%). After that spike, we saw a pullback, and the contracts ended up closing out the day at .30.

From here, we’ll be looking for the possibility of a dip-and-rip scenario, so it’ll be important to keep our eyes peeled for quick-strike opportunities.

Extended Watchlist:
EGLE, ENPH, NRZ, DRYS, KNDI