Blue Horseshoe Stocks: Bottom Watch Plays

Activision Blizzard, Inc. ATVI

Despite beating on earnings in its postmarket release yesterday afternoon, ATVI reported fewer monthly active subscribers, and the stock has taken a gut punch as a result, falling to new annual lows in the mid-$50′s. The stock hasn’t seen a PPS this low since last December, and it went on to have a post-holiday run into March of this year, and yet another in the spring.

While we don’t expect an exact repeat of history, at present the stock is highly oversold, and we want to set up a longer-term recovery play to place on watch today and monitor going forward. We’ll be looking at the ATVI 01/18 $55-62.50 Calls for this purpose.


Bunge Ltd. BG

We’ve also taken notice of an interesting setup on BG, which has been recently trading at a double bottom, and whose CEO just picked up nearly a hundred million dollars worth of the stock here at these lows. He was also joined by another insider which submitted a pair of Form-4′s for the purchase of roughly $40M.

That’s an incredibly large bet on the part of the company’s leader, far out of the realm of simply trying to prop up his company’s stock. To invest that kind of money, would seem to imply a firm inside belief that BG won’t go much lower than what we’ve seen in the past week or so. We’ll place this stock on a Form-4 Bottom Watch moving forward, and monitor for the possibility of a nice rebound.


Extended Watchlist:
APRN, PRTY, GSL, REV,

Blue Horseshoe Stocks: Multiple Updates

UPDATES ON RECENT WINNERS

New Age Beverages, Inc. NBEV – Early last month, we caught NBEV before it went on a ride from 1.50 to 10.34, a gain of 589% but thanks to some excellent volatility, it wasn’t the last we’d hear from the stock. Following that, NBEV saw a pullback off of those highs to a low of 3.61 before retuirning to 8.95.

That works out to a 148% swing, and we’re going to be very interested to see if it can make another run and possible even surpass its previous swing high, mentioned above.
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India Globalization Capital, Inc. IGC – We caught the bottom on IGC very well, highlighting the play in our report on September 10th and seeing a subsequent low of 1.03. Yesterday, to kick off the fresh trading week the stock reached an impressive new high of 9.24. That registers as an excellent three-week upswing of 897%
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Fate Therapeutics, Inc. FATE – Speaking of solid bottom-plays, we want to track back a little further to FATE, which we signaled for observation 8 weeks ago on August 1st. Following that report, the stock traded for as little as 9.001, and after a steady bullish incline for essentially the entire time between then and now, FATE has reached new highs at 16.9365, a highly respectable increase of 88%


Tesla Inc TSLA – Update

We also signaled the TSLA Weekly $300-310 Calls yesterday morning, and so far those ideas have worked out great. The single session gains available to traders on the day were as follows:

$300 Calls
– Range: 11.10-17.00 – Max Gain: 53%
$302.50 Calls – Range: 10.00-15.15 – Max Gain: 52%
$305 Calls – Range: 8.65-13.70 - Max Gain: 58%
$307.50 Calls – Range: 7.70-12.10 – Max Gain: 57%
$310 Calls – Range: 6.60-10.96 – Max Gain: 66%

Tesla is gapping up today and looks to be ready to push these contracts deep in the money, so we’ll expect to see these ranges and possible gains extended even further from here.


Extended Watchlist: 
LODE, INPX, CLRB, SRNE, APRN, MLNT, VBIV

Blue Horseshoe Stocks: RKDA Explodes & More

Arcadia Biosciences, Inc. RKDA

We originally put RKDA on our radars toward the end of January, but in the ensuing weeks, the stock mainly traded sideways.

This week, both Tuesday morning and yesterday, we included it on our watchlist once again as we noticed it was finally building up some momentum. Yesterday that momentum turned into an absolute explosion as RKDA blasted off to an astounding new high.

Just since Tuesday morning it has traded from a low of 11.17 to a new high of 54.9895 yesterday. That’s a two day swing of 370% and a mind numbing increase of 1244% over the 4.09 low we observed subsequent to our initial mention!


Valeant Pharma International, Inc. VRX

On Monday morning, we tagged the VRX Weekly $15 & $15.50 Calls, and after finding success with those as VRX continued to move, yesterday we expanded our target range to include the $16 and $16.50′s  as well. After another bullish session, all of those ideas produced opportunities for big gains.

The $15′s from our observed low on Monday of .65, hit 2.21 for a gain of 240%, while the $15.50′s, from .30 reached 1.73, an increase of 477%

The $16 Calls ran from .35-1.24, for a single sessions rip of 254% and the $16.50′s traded in a range from .13 to .75, a 477% upswing.



Fresh Options Idea:

Dollar General Corp. DG Weekly $94-96.50 Calls


Extended Watchlist:
ABCD, ABEO, APRN, APTO, ONCS, EVEP, RUBI, XXII,

Blue Horseshoe Stocks: RIOT, EGBN & More

Riot Blockchain, Inc. RIOT

We began tracking RIOT on November 2nd at a low of 6.33, mentioning it three times over the course of the next month. The stock saw a massive run ending last Monday hitting a high of 21.76, for a hefty move of 244%

It spent the rest of the week beginning to rebound off of the pullback to the $12-range which followed that huge spike, and is presently trading back in the $16-range. We’re going to want to continue to keep an eye on this blockchain related play, as almost anything even remotely tied to the white-hot sector has a chance to see further surges at any time if the price of BTC sees more new highs. As of this morning, one Bitcoin is worth just over $11,000USD.


Verizon, Inc. VZ

It has been a very solid run for VZ since we signaled a range of contracts to observe on the morning of November 17th, the VZ 01/19 $45-48 Calls.  We saw the stock trading at 44.62, and that was followed by sessions after session of new highs leading all the way through Friday, when it reached  51.55.

We wanted to provide yet another update on the total ranges of gains that were available in our options idea in the two weeks we’ve been tracking it now:

VZ 01/19 $45-48 Calls
$45 Calls – Range: 1.08 -6.40 – Max Gain: 493%
$46 Calls – Range: .59-5.48 – Max Gain: 829%
$47 Calls – Range: .39-4.56 – Max Gain: 1069%
$48 Calls – Range: .23-3.34 – Max Gain: 1352%



Eagle Bancorp, Inc. EGBN

We noticed an interesting set of events playing out with EGBN- the stock absolutely fell off a cliff last week, tumbling from nearly $70 on Wednesday, to the low $46-range on Friday. Apparently it was the result of a hyped up short seller report by Aurelius Value, an anonymous online firm that supports short-sellers. The company published a statement of its own calling the report “a deceptive and materially misleading piece“.

We tend to give credence to the actual company’s public statement rather than a group of shorts hiding behind a curtain somewhere. That’s why we’re going to place the EGBN 12/15 $50-60 Calls on watch in the days and weeks ahead, for what should be a forthcoming recovery in EGBN.


Extended Watchlist:
APRN, ASNA, CHFS, DPW, MDGS, PXS, UUUU, RSLS