Tag: ALKM

Blue Horseshoe Stocks: Options, Updates & More

FRESH OPTIONS IDEAS

Seagate Technologies plc. STX -We’re interested in the situation with STX this morning after the company impressed with its post-market earnings report yesterday. Expectations were exceeded for revenues and earnings-per-share, while a bullish outlook for the remainder of 2017 was provided.

Our first inclination here would be to place the STX Weekly $41-43.50 Calls on watch for the rest of the week in an attempt to ride the wave of enthusiasm for the company’s impressive quarterly figures.

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General Electric Co. GE – GE showed signed of a possible reversal yesterday as it began to rebound off of the precipitous decline effected by Friday’s underwhelming earnings report.

The stock perhaps over-corrected with its PPS loss of more than a dollar between Friday and Monday, and we’re interested in potentially hitching a ride with some extended-term options calls.  Provided the stock doesn’t fall further than the $30-mark on any pullbacks, we’ll be tracking the GE 03/03 $30-31.50 Calls.

Heron Therapeutics, Inc. HRTX – Form-4 Alert

We always glance at the chart of a play for which there are insider buys of a significant nature, and that’s just how we’d classify the Form-4 that came in on HRTX late last week.

Director Kevin Tang executed an order for nearly $30M worth of HRTX stock at the stock’s 52-week low of 12.20, per the filing (>>View Here).

We’ll be very interested to see if that indeed was the bottom on this play, which has a relatively recent track record of making volatile swings to more than $20.

Added Note: Puration, Inc. PURA

We also want to provide a quick update as to the progress of PURA, which we initially signaled on Thursday the 12th, subsequently witnessing a low of .03.

Yesterday, despite tapering back slightly into the close, the stock did achieve new highs for us, reaching as much as .094 during the session, a new 52-week high. It extended our observed range on the play in just a few week’s time to an impressive 213%

Extended Watchlist
AGTK, PPCH, SHOM, ALKM

Blue Horseshoe Stocks: Cannabis Updates, Options & More

Cannabics Pharmaceuticals, Inc. CNBX

We began talking about CNBX earlier this month, mentioning it on the 5th and 6th, as part of our ongoing effort to remind our readers of the myriad opportunities there are, and will continue to be, in the cannabis space. We’re now less than two weeks away from an election that should dramatically alter the landscape of the marijuana business.

CNBX is among a number of pot-related plays that we’ve had on our running tracklist, and with the help of a really strong month overall, it has come all the way from our observed low of .06 on the day of our initial mention (10/05) to a new high yesterday of .377. That works out to an increase of 528% inside of three weeks.

It wasn’t the first time we’ve seen such a huge move out of a cannabis stock, and it certainly won’t be the last.

MyDx, Inc. MYDX

Speaking of the cannabis sector, MYDX is another constituent of that space that we’ve been tracking this month only to witness some excellent moves to the upside.

We entered MYDX into the mix on the 10th, and subsequently observed a low of .0225. Since then it’s been a fairly steady ramp-up and yesterday the stock achieved a new high of .0525. It represents a total PPS rise of 133%, which, like the above-mentioned play, occurred in a span of less than three weeks.

Fresh Options Ideas

We’re going to close things out for the week with the following options ideas.

AMZN Weekly $780-772.50 Puts*

RCL Weekly $67.50-72.50 Calls*

*Don’t forget what we always say regarding the trading of weekly options on a Friday. Advanced traders ONLY!

Extended Watchlist:
CGRA, LQMT, ALKM, QEDN, TTCM, VOIS

Blue Horseshoe Stocks: SCOK Update & more

SinoCoking Coal & Coke Chemical Industries, Inc. SCOK

SCOK was a huge standout call from yesterday’s newsletter. The play came off of our extended watchlist and it was pretty apparent right from the get-go that we had a breakout runner on our hands.

After trading for a little as 3.35 at the open, the stock quickly shot skyward, bulling its way up to an astonishing afternoon high of 9.37. That was an incredible intraday pop totaling 180% on volume exceeding the monthly average by more than 151X (an all-time record!) so cheers go out to anyone who caught this monster mover with us!

The major chart development came concurrently with an announcement by the company regarding an upcoming coal-to-gas conversion project in China which is “expected to be completed in February 2015 and yield syngas output of 60,000 cubic meters per hour, which the company says will equate to $30 million-$45 million in added gross profit by 2015.” >>>READ PR

It’s important to temper enthusiasm after a huge news-fueled run like this, and to keep in mind that even after yesterday’s huge pop, the company does still only have a market cap of roughly $170M, so a course correction would not be a surprise from this point. For anyone who isn’t already in on the action, a safe route would be to wait for a pullback and subsequent bounce.

Alkame Holdings, Inc. ALKM

We sincerely hope some of our readers were able to capitalize on our flag of ALKM in yesterday’s report. We radared this play after it was yielded up by a routine morning scan showing significant trading action, and it was a good thing we did.

ALKM started out trading at .157 in the early morning, and began to steadily uptrend. Around lunchtime, things really began to kick into high gear, as the stock would go on to reach a high of .27. That marked an intraday increase of 72%

The volume in ALKM was rather significant as well, to the tune of just over 38X its 3-month average, and the stock held a vast majority of its gains into the close, however we would still urge readers to use extreme caution in dealing with this stock beyond this point. We’ve identified it as the latest pick from the notorious group of promoters formerly known Awesome Penny Stocks, who says that they “expect to receive” a whopping $4.6M for the promotion of ALKM by a group calling themselves “LaLuna Services, Inc.”

If the group’s past exploits are any indicator, the stock is likely to fall flat after its rapid upward surge, and runs a real risk of being halted by the SEC (like their next most recent play, PGFY). For that reason, we would categorize ALKM as extremely high-risk moving forward, but with large funding of that nature behind the promotion, a continuation of momentum into today does remain a possibility.

Regardless of what happens from here, we’ll chalk up our happenstance inclusion of ALKM in yesterday’s email as a big win!

Extended Watchlist:
PULS, CAMT, DRL, MNDL, MNOV