Tag: ACRX

Blue Horseshoe Stocks: ACRX, DSCO & More

Tesla Motors, Inc. TSLA – Options

Yesterday, those of our readers following our recent coverage of TSLA were once again presented with opportunities coming out of the 05/22 $230-240 Calls that we’ve been monitoring since Friday. TSLA registered a higher high and a higher low for the fifth consecutive session, topping out at 248.30. As a result, the total possible gains on our initial calls were pushed even further into the green, so we wanted to provide an update on those figures:

$230 Calls  – Friday’s Low: 6.85 – Yesterday’s High: 17.95 – Max Gain: 162%

$232.50 Calls  – Friday’s Low: 5.32 – Yesterday’s High: 16.90 – Max Gain: 217%

$235 Calls  – Friday’s Low: 5.96 – Yesterday’s High: 13.95 – Max Gain: 134%

$237.50 Calls  – Friday’s Low: 3.16 – Yesterday’s High: 12.00  – Max Gain: 280%

$240 Calls  – Friday’s Low: 3.84 – Yesterday’s High: 10.50 – Max Gain: 173%

These moves are a perfect example of what draws us to options trading; with just a 6% increase in TSLA stock, we’ve witnessed huge gains across the board in the options chain. These contracts don’t expire until next Friday, so we’ll keep our fingers on TSLA’s pulse until that time.

AcelRx Pharmaceuticals, Inc. ACRX

Popping up on our scanner this morning is a play that has both an interesting chart as well as a blockbuster PR out today that is leading to a gap-up in premarket trading (3.30-3.80’s).

We’re catching the stock as it comes up off of a relative bottom, and as we point out on the snapshot below, there are several attractive features of the current ACRX chart.

Couple that with this morning’s revelation of a contract the company has struck with the US Dept. of Defense, and ACRX becomes instantly worthy of our attention as the week draws to a close.

Discovery Laboratories, Inc. DSCO

Speaking of pharma stocks with fresh news, DCSO is also cropping up on our scanner this morning. Like the aforementioned play, this morning/s PR is resulting in a gap-up, and we’ll want to have our eyes peeled for potential advantageous activity on the chart once the session commences.

According to the release, Phase II testing of its AEROSURF® product has yielded “encouraging safety and physiological data suggest that aerosolized KL4 surfactant can be delivered to the lung of premature infants with respiratory distress syndrome”

Extended Watchlist:
PTBI, CYRN, BAA, CDTI, WOGI

Blue Horseshoe Stocks: RUSS Recap, Gap-Up List & More

Direxion Daily Russia Bear 3X ETF (RUSS)
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A few weeks back, on February 23rd, we radared the RUSS, which is a fund that trades with an inverse relationship with the Russian economy.

The past week has been particularly troubling for Russia, as its central bank slashed the primary interest rate by a full percent while revealing that its growth forecast predicted a shrinking of the economy by as much as 4% this year.

These and other economic curve-balls, including the continued lag in oil prices, have fueled a healthy rebound in the RUSS from the recent low we observed at 11.22. Friday’s high of 15.77 marked a 40% swing in a matter of eight trading sessions.

With some holding the belief that an even more severe and protracted economic meltdown could be in the cards for Russia, we’ll want to monitor RUSS on an ongoing basis.

Morning Gapper Watchlist

These are a few stocks that are cropping up on our scanner this morning as they gap up in the premarket. We’ll be on the lookout for the possibilities of continued momentum and/or dip-and-rip scenarios:

Microvision, Inc. MVIS  has been in blue-sky breakout mode for the past several sessions, and is gapping up today on the heel of the following PR:

Midstates Petroleum Co. Inc. MPO  is trading up in early activity this morning on a Q4 earnings and revenue beat:
Odyssey Marine Exploration, Inc. OMEX  is also up considerably, following Friday’s news of its entry into a financing agreement to facilitate offshore mineral and resource exploration.The company also has an earnings conference call slated for 10AM today, to discuss the contents of this morning’s filings:

Extended Watchlist:
IBIO, CERS, ACRX, ITEK, CTIC

Blue Horseshoe Stocks: PSID, KNDI, PBR & Extended Watchlist

PositiveID Corp. PSID

The first thing we’d like to do this morning is go over how well PSID performed yesterday following our pre-market alert. Our timing proved to be spot-on in calling the bottom on this play, and after putting it on high alert in our report, we were rewarded with a couple of chances to gain over the course of the session.

The stock ran hard out of the starting gate, with trading opening up at .043 and rapidly reaching the day’s high at .064, a spike of 48% That was followed by a pullback to .049 where we got another upswing, this time to .058, a modest yet respectable intraday move of 18%

Those two significant swings combined for cumulative total gains of 66% on the day, and the stock managed to close at .057, holding on to much of the day’s forward progress. This all occurred on roughly 6x PSID’s 3-month average volume.

Congrats to anyone who was able to make PSID work for them, and be sure to stay tuned, as a performance like that could lead to a strong finish to the week.

Kandi Technologies Group, Inc. KNDI

This is a stock that we’ve been tracking for over a year now, as a quick look at KNDI’s archive on our blog will reveal. Our most recent tag of this stock came via Monday morning’s extended watchlist, and over the course of the week, it has yielded quite a nice move; We saw a low of 15.76 on Monday, and by yesterday’s session we observed a high of 20.96, an intraweek gain of 33%

Those who may have picked up on this play following our next most recent alert of this play (June 12th ) could have caught a low of 12.30. Yesterday’s high marked a 70% move up from that level.

Petroleo Brasiliero S.A. (Petrobras) PBR

Our regulars are aware of how tenaciously we’ve covered PBR this year. On March 21st we added it to our watchlist as it was coming off of 10-year lows. Our observed low that day was 11.25, and the stock never looked back. We’ve traded primarily in the options chain of PBR and have made percentage gains in the thousands over the course of several months, but even the overall action on the stock itself has been impressive.

Yesterday’s session set a new high of 16.43 and in premarket trading today that has been pushed to more than $17, from the low we saw this spring, that’s an overall move of over 50% on the chart.

However, the swing action on this play over the past few months has been terrific, as we’ve pointed out on the following chart. As you can see, after our initial alert, there have been no less than three major swings. The current positioning breaks PBR out of the channel we illustrate below, signaling potential for further moves to the upside.

As far as the options chain is concerned, we’ll be looking for a pullback from profit taking on this major spike, and after that, we’re interested in the potential of the $16.50 and $17.00 Weekly Calls for an intraday flip opportunity today.

Extended Watchlist:
ICLD, JDST, OMEX, ACRX, EVI