PHOT Archives - Page 8 of 12 - Blue Horseshoe Stocks

FREE, PHOT, AAPL & Extended Watchlist

FreeSeas, Inc. FREE

Everything we talked about yesterday ended up doing well, beginning with FREE. After opening up at .3723 the stock shot up to a high of .468, a move of 26%. Most importantly it held those gains nicely all the way through the close at .45.

This was right on par with what we had hoped to see from FREE, as it closed above the 50DMA. It seems our timing of the bounce worked in our favor, and moving forward, we’d like to see the stock continue to make higher lows and higher highs. The 10DMA of .49 and the 20DMA of .60 are going to be our next major hurdles to clear.

Growlife, Inc. PHOT

PHOT went on a similarly successful run as well, following yesterday’s morning report. The stock opened up at .0719, and continued to push the envelope all day, reaching its peak at .0899 shortly before 2PM. That marked an intraday gain of 25%, and like FREE, the stock managed to hold a significant portion of those gains into the close (.0847)

That solid performance came on nearly four times the average volume, so we are going to be keeping an eye on this stock for continued momentum.

Apple, Inc. AAPL – Options

The 11/01 $505 and $510 Calls that we had been tracking would hit their highs early on in the session before AAPL began pulling back from its big gap-up. The $505’s touched an ultimate high of 29.70 (Original alert in the $12-range) while the $510’s reached their peak at 26.44 (1st alerted at $10).

Both sets of contracts offered the chance to gain over 100% At that point, any good trader is taking profits off of the table and chalking it up as a win. Between now and when AAPL releases earnings on the 28th, we’ll be looking to move our strike price closer to the money, and continue to take advantage of this cash cow any way that we can.

Extended Watchlist:
BIEL, AVEW, DUSS, JAKK, CERE, CPRX, STXS, CMFO (Large gap-down watching for possible bounce)

AAPL Options, FREE PHOT & Extended Watchlist

Apple, Inc. AAPL – Options
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We began the week by mentioning our interest in AAPL Calls, having already experienced substantial gains to that point over the past several sessions. In anticipation of today’s iPad Event, the stock went on a tear, ending the day up more than ten dollars and 2.45% The 11/01 $505 & $510 Calls that we’ve been tracking were pushed deep into the money, yielding enormous gains. The 505’s surged another 100% from our original alert point at $12-range to 24.35, The 510’s, which started off as low as $10, and hit a high of 24.22, ending up at 22.05. A gain of over 140%

AAPL is gapping up once again, trading up roughly 1% pre-market. We expect these Calls to be pushed ever-deeper into the money.

FreeSeas, Inc. FREE

On September 10th we were talking about FREE, and the fact that it had resistance sitting on the chart at .33 and .38. At that time, we observed it trading as low as .2213. In just under a month, we would see it rocket 320% to .9287.

Following that huge run, the stock has been under consolidation, and we are currently monitoring for a bottom. Ideally, we’d like to see that come above the .33-mark. A signal that the stock is ready for a rebound would be the surpassing of the 50DMA at .39.

Growlife, Inc. PHOT

Most of you know that we’ve been tracking PHOT, along with a lot of other marijuana-related stocks for an awfully long time. On August 30th, we reminded our readers to begin paying close attention to the industry following the Fed’s announcement that it would not be interfering with states’ right to legalize marijuana. At that time, it was as low as .0318. We mentioned PHOT again on September 16th, at a price of .042 as it was breaking a double-top.

Yesterday, the stock hit a new high of .072 into the close, marking a gain of 71% since mid-September.

Extended Watchlist:
TDEY, LJPC, PTIE, SYMM, OXBT,

Blue Horseshoe: PHOT, AAPL & FB Options

Growlife, Inc. PHOT

We brought PHOT back into the fold this week, stating that we wanted to see it hold support in the .05-.06 range. It did manage to do so; after touching a low of .057 earlier in the week, the stock went on to hit .069 in morning trading yesterday. That represents a move of 21% off of its bottom.

Yesterday’s volume exceeded that of the three previous days combined, and with that kind of momentum, we are on the lookout for possible carryover through today and into next week.

Options Trading

Apple, Inc. AAPL

On Wednesday, we stated our interest in the AAPL 11/01 $505 & $510 Calls. The $505’s last traded at 13.70 yesterday, and the $510’s at 11.45. Those figures mark excellent progress in these Calls since we’ve been paying attention.

We are going to want to continue to keep our eyes glued to the AAPL options chain as we approach the forthcoming iPad event and earnings release.

Facebook, Inc. FB

Facebook broke out to new 52-week highs this week, so we’re also focused on Call opportunities that may present themselves should the upward trend continue there.

Blue Horseshoe: PHOT & Extended Watchlist

Growlife, Inc. PHOT

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Many of our long-time subscribers know about our extensive marijuana-related stock coverage over the past year, but for those of you who are relatively new to our subscriber base, let us get you up to speed. PHOT was among a vast selection of marijuana stocks that we began tracking last October, and have followed continually since that time. Several follow-up reports would also include PHOT, as you can see with a quick tag search on our blog/newsletter archive.Over that time, we saw PHOT go from a little-known sub-penny stock, to a .12-cent hot-item stock in the portfolios of many people, including ourselves. We’ve prepared a video presentation of the PHOT chart illustrating exactly what it has achieved in the past year. Presently, we are monitoring the stock, and would like to see support hold in the .05-.06 range. The main areas of resistance with which it must contend are sitting at .08, .11 & .12.

We are bringing PHOT back into the conversation today, as the company has released some new press this morning that we wanted to share:

WOODLAND HILLS, Calif., Oct. 14, 2013 /PRNewswire via COMTEX/ — GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry including online and brick and mortar hydroponic stores, OEM grow equipment, commercial grow-op support, and media, is pleased to announce that the Company is expanding its products and services to include the GrowLife Infrastructure Funding & Technology program (GIFT) for select customers in Colorado and Washington. The program is expected to include several other states before the end of the fiscal year. >>>FULL STORY

Facebook, Inc. FB – Options
On Friday, we stated the possibility that we could “see FB return to the $50-level or higher, which would likely cause those (10/11 $49 Call) contracts to yield multi-bag gains.” While FB stock fell just short of that mark, touching a daily high of 49.87, the triple-digit profits we had anticipated did in fact come to fruition. Those Calls initially traded in a range from .35-.93, a 166% intraday move. Following that occurrence, they would pull all the way back to the .02-mark, before a late-afternoon surge brought them back to .14, another intraday move, this time good for the opportunity to rake in up to a 600% added profit.

Congratulations to anyone who was able to use those monstrous swings to their advantage.

Extended Watchlist:

GOGO, FU, PLX, OIBR, NG, STSI

ARO, RMTI, PHOT & Extended Watchlist

Aeropostale, Inc. ARO

At the beginning of August, ARO began to experience a substantial sell-off that would cause the stock to fall from the $15-range to less than $8 at the beginning of this month. We are standing at the ready this morning as we’ve observed some northward pre-market trading, with shares changing hands for as much as 10.13. The significant gaps on the chart being filled could provide not only opportunities on the stock side of things, but in the trading of options contracts as well.

The 10/19 $9.00 Calls are of particular interest to us; Closing at .35 yesterday, and with this morning’s gap-up activity, these calls could open up as much as 100% In that event, we would be looking for a consolidation before getting our feet wet.

Rockwell Medical, Inc. RMTI

RMTI would make a nice intraday move for us after its appearance in yesterday’s morning report, running from a low of 8.75 and reaching its peak at 11.80, good enough for a 35% gain.

Following the high, the stock came back as low as 9.85. Moving we are looking for the stock to hold support at its previous swing low of 8.75. In the meantime the company released an encouraging PR today announcing the completion of an important step in getting a new kidney drug to market, that appears to be contributing to yet another gap-up situation today.

WIXOM, MI–(Marketwired – Sep 17, 2013) – Rockwell Medical (NASDAQ: RMTI), a fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with innovative products and services for the treatment of iron deficiency, secondary hyperparathyroidism and hemodialysis, today announced the U.S. Food & Drug Administration (FDA) accepted the proposed proprietary trade name Triferic^™for the Company’s investigational iron-delivery drug, previously known as Soluble Ferric Pyrophosphate (SFP), which is intended for treating iron deficiency in chronic kidney disease patients receiving hemodialysis. A request for proprietary name review for Triferic^™will be filed with the New Drug Application (NDA) submission.>>>FULL STORY

GroLife, Inc. PHOT

We had another gainer in PHOT yesterday, as the stock jumped from .046 to .061, affording us the opportunity at a 33% intraday rip. Since 08/30 when we re-mentioned PHOT, it has been as low as .0318, which makes yesterday’s high a move of 93%

For almost a year now, we’ve placed a strong focus on marijuana-related stocks, publishing several reports, and doing the most recent followup at the end of August. The industry has, and we believe, will continue to bring us profits in the future. It’s for that reason we suggest everyone keep a marijuana stock watchlist of their own. We have only just begun to realize the potential for this up-and-coming sector, which is certain to be a high-growth area for years to come.

Extended Watchlist:
AGEN, NBS, BCRX, RGDO, SUTR, DNDN, MATR, SD