Tag: AXPW

Blue Horseshoe Stocks: This Week’s Big Runners

Marijuana Company of America, Inc. MCOA

As a part of our general focus on marijuana related stocks, we’ve been hot on the trail of MCOA, first bringing it into the mix early last month (at a low of .0094) and keeping it the conversation all through this week as its gains have gone exponential.

Leading into yesterday’s report, we had already witnessed a move of more than 500% and the stock followed that up with yet another stellar performance on the day. It traded up a solid 70% from a low of .072 to a new high of .1225.

That means that a stock we signaled for observation one month ago tomorrow, went from subpenny and smashed through the dime barrier, which definitely isn’t something you see every day! Neither is a twelve-bagger of any kind, yet the overall run we’ve seen from MCOA in four weeks now amounts to 1203%

Cannabics, Inc. CNBX

CNBX is of course another pot play that we jumped on early last month when we began heavily urging our readers to take heed of the second Green Rush that we’re currently experiencing, and we’ve stuck with it consistently. Subsequent to our report on October 5th we saw it trading for as little as .06, and the epic run it has mounted since then has taken it past the elusive dollar barrier!

Yesterday it posted another nice intraday move going from .75 to 1.12 (+52%) and measuring from that six-cent low, it equates to a remarkable overall run of 1766%

Medical Marijuana, Inc. MJNA

At this point there are so many huge performers in the cannabis space that it’s beginning to become difficult to keep up with all the winners, but we need to take a minute to update our readers on MJNA, which is a play we’ve followed for years.

Like many other pot stocks, it has enjoyed a huge rush of upward movement in recent weeks. We tagged it in our report on September 23rd, saw a low of .04, and yesterday, in a session with absolutely enormous dollar volume, it hit .23. A hefty 475% move has been the result, and as we keep saying, with elections coming in just a few days and medical and recreational marijuana on several ballots, all of these cannabis stocks could still stand to make big swings to the upside.


Galenfeha, Inc. GLFH

Speaking of multi-day runners, starting on Monday morning, we’ve been steadily tracking GLFH through what has been a series of solid daily increases that have amounted to a fairly impressive 3-day run.

As we’ve stated previously, GLFH is a low-volume, low-float play that doesn’t need a whole lot in the way of buying pressure to effect appreciable upward momentum, and we’ve certainly seen that dynamic exemplified.

Yesterday, the stock traded in a range from a low of .0429 on up to a new high of .057, for a daily advance of 33% and a total increase of 119% over our observed low from Monday (.026). In the event of a dip, we’d ideally like to see it maintain support at the 200DMA of .0498. Failing that, we’ll remain interested as long as it doesn’t fall below our witnessed low.

Extended Watchlist:
AXPW, CHK, SGBY, BIOD, NVCR(Bottom-bouncer)

Blue Horseshoe Stocks: Options Recaps & More

Options Roundup

We had put a couple of options ideas in place as we closed out the trading week on Friday, and found success across the board.

Amazon.com, Inc. AMZN – It took the better part of the entire morning on Friday for things to heat up for our AMZN puts, but once they did, it sent our highlighted options contracts on one heck of a ride. Those were the AMZN Weekly $780-772.50 Puts and they allowed for profits both approaching and exceeding ten-bagger territory!

 Between roughly noon and 3PM, we saw an significant move to the downside which facilitated the following enormous gains:

$780 Puts – Range: .46-4.80 – Max Gain: 943%
$777.50 Puts – Range: .28-3.32 – Max Gain: 1085%
$775 Puts – Range: .14-1.80 – Max Gain: 1185%
$772.50 Calls – Range: .08-1.03 – Max Gain: 1187%

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Royal Caribbean Cruises, Ltd RCL – The contracts we chose for the RCL chain were the RCL 11/18 $67.50-72.50 Calls. These are extended term contracts with plenty of time left until expiration, which explains why the premiums were so high, and the moves were of a lesser magnitude than AMZN. Still, for a first day, we did see some notable gain opportunities, including a double-bagger:

$67.50 Calls – Range: 5.30-7.80 – Max Gain: 47%
$70 Calls – Range: 3.30-5.80 – Max Gain: 76%
$72.50 Calls – Range: 1.70-3.85 – Max Gain: 126%

Axion Power International, Inc. AXPW

We want to circle back to this old familiar play, which up until the past couple of weeks, had been on a continuous downslide for quite some time. Due to a number of factors, we’ll be interested in tracking the stock’s progress off of its recently registered annual lows.

On Friday, the stock made a nice move and temporarily cracked the 50DMA at .0131, which will be the key area of resistance of which we’ll be watching for a sustained break. As you can see on the chart below, the stock recently woke up off of being heavily oversold for an extended period, and we’re going to want to track every step of its recovery.

Extended Watchlist:
AKAO, MMEG, USRM, ZRZH, MGON, GLFH

Blue Horseshoe Stocks: NFLX, BANC Updates & More

Netflix, Inc. NFLX – Update

Our NFLX options ideas from Tuesday morning continued to provide us with excellent intraday gains to take advantage of yesterday, despite already logging moves ranging between 54-98%.  Our target range, the NFLX Weekly $117-120 Calls, once again put up fantastic performances, regardless of which strike point was chosen.

Here are the total possible gains for yesterday’s session:

$117 Calls – Range: 2.19-5.59 – Max Gain: 155%
$118 Calls – Range: 1.43-4.70 – Max Gain: 229%
$119 Calls – Range: 1.03-3.87 – Max Gain: 276%
$120 Calls – Range: 1.07-3.09 – Max Gain: 189%

We’ve had a nice two-day run with these contracts and are ready to move on to the next idea, unless we see a dip-and-rip setup on the chart, in which case they would come back into play.
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Banc of California  BANC – Update

Our other options idea from yesterday also worked out in spades. We noticed that the stock had been absolutely abused on immaterial news the session prior, and took the chance to pounce with  a signal on the stock for a possible bottom play, and both short and mid-term options ideas.

Those were the BANC Weekly $12.50 and $15 Calls and the BANC 11/18 $17.50 and $20 Calls, and with the exception of the $20’s which are still too far out of the money to have seen any appreciable upswing, they all did rather well.

Weekly $12.50 Calls – Range: .55-1.40 – Max Gain: 155%
Weekly $15 Calls – Range: .05-.25 – Max Gain: 400%
11/18 $17.50 Calls – Range: .15-.35 – Max Gain: 133%

With the stock appearing to gear up for another solid session, those 11/18 $20 Calls could join the rest of the group in making moves for us in upcoming sessions, so we’ll continue to keep a close watch.
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Fresh Idea – American Express Co. AXP

We’ve got another post-earnings options idea to add into the mix this morning as well with American Express, which beat expectations and raised guidance on profits for the remainder of 2016. Accordingly, we’re going to want to track AXP Weekly $64-65.50 Calls.

Cannabis Stock Updates

Cannabis Science, Inc. CBIS – CBIS continued to push to new highs after our flag of the stock on Tuesday. After running 44% that day from .034 to .0489, we saw another solid round of gains yesterday. The stock traded in a range from .049 to .077, for a 57% intraday run and an overall increase of 126% over Tuesday’s low.

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IMD Companies, Inc. ICBU – Also among the marijuana stocks that we’ve slated for observation was this one that was new to our reports yesterday, and put up a pretty good move for our first day of observance.

ICBU traded up from a morning low of .0039 and surged to .0056, for an intraday pop of 44%

Plandai Biotechnology, Inc. PLPL

Being added to the watchlist this morning is PLPL, as a momentum play. The stock has been on the move over the past couple of sessions, having cracked through key resistance points on heavy volume. If it can breach the 200DMA of .045, things could get even more interesting from here.

We’ll remain interested in this play provided it can hold support at or above .03 on any pullbacks.
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Extended Watchlist:
AXPW, PNTV, MYEC, ENDO, DAN