BBEP Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: BBEP Recap & Other Updates

Breitburn Energy Partners, Inc. BBEP – Another Update

After signaling BBEP in Thursday morning’s premarket report as a “Bankrupt Bottom-Bouncer” we witnessed a low of .055 followed by a 100% jump to a high of .11 on Friday.

As we were congratulating those who took advantage of the move in yesterday’s premarket report, we also mentioned that we’d remain interested in BBEP as long as it managed to maintain support above the .06-.065 range on any pullbacks. The stock achieved that feat right from the outset as it gapped up, opened at .078, and kept running.

We ultimately witnessed a trading range from that morning low of .078 up to a new high of .132. That represented an intraday upswing of 69% and a three-session swing of 140% over our observed low of .055 on Thurdsday.

We’ll continue to stay on the stock’s trail, watching for continued registering of higher lows and higher highs.

Terra Tech Corp. TRTC

When we began re-alerting and closely tracking an old favorite in TRTC toward the end of March, it was just coming off of a nice run-up that had followed a long period of mostly sideways trading. Subsequent to that point we ended up clocking this play over an impressive range as it ran from a low of .2162-.7455; a 245% upswing in a period of just under three weeks.

Following that mega-move, the stock began to see a good deal of consolidation over the next few weeks. That came to an abrupt halt yesterday as the stock bounced off of a higher swing low at .2698 and managed a nice 30% increase. Now trading in the low-to-mid .30’s, we’re going to watch intently in coming sessions for the possibility of a protracted rebound.

LendingClub Corp. LC

We took an interest in LC yesterday, alerting the stock as a potential bottom-bouncer in our morning report. It had been coming off of being egregiously oversold, and setting higher lows off of its 52-week lows for the preceding few sessions.

We ended up seeing a modest intraday run of 9% from 4.19-4.58, but most importantly, the stock registered higher lows and higher highs over the prior session, and we’ll keep tracking it for a continuation of that pattern We’ve pointed out on the chart below, a significant one-dollar gap that could be filled if the stock maintains the present trend, as well as an impending bullish cross on the MACD.

Extended Watchlist:
ABRW, TTII, TSTS, MXSG, RCPI(Bottom-Bouncer)

Blue Horseshoe Stocks: Options Review, Fresh Plays & More

PLCE Options Recap

On Tuesday, we submitted our interest in PLCE Weekly $70-75 Calls for a quick mid-week strike, and what we got instead was a supremely strong performance that lasted the remainder of the week.

On Wednesday, contracts within our target range yielded gains from 112-315% On Thursday
possible profits were a bit more subdued yet still highly respectable, giving us chances at gains ranging from 30-100% on the day.

On Friday, our idea managed to offer up yet another solid performance. The $70 Calls ran 45% intraday from 3.19-4.64, while the $72.50’s scored a double-bag-plus gain for the third straight day, spiking from .90-2.18, a 142% swing.

Breitburn Energy Partners, Inc. BBEP – Update

In Thursday morning’s premarket report we signaled BBEP as a “Bankrupt Bottom-Bouncer” slating it for observation, and the tag came with excellent timing. Despite a recent Chapter 11 filing looming, we managed to catch it at a bottom and track it over an impressive gain. Observing a low of .055 Thursday, we watched as the stock subsequently ran to a high of .11 Friday for a perfect 100% session-over-session upswing.

BBEP closed at .07, and in order for us to remain interested in the play moving forward, we’re going to need to see it maintain support at or above the channel between .06-.065 on any pullbacks.

MyDx, Inc. MYDX

We’ve taken notice of a stock that is showing a confluence of several attractive features at the moment in MYDX. What we’ve got here is a play that qualifies as a low-float, low volume, bottom-bouncer, and it’s got an interesting back story to boot.

MYDX produced a strong bounce off of its recently-recorded 52-week low (.17 on 05/18-05/19) on Friday, after crumbling for a more than 50% loss since the beginning of last week, when it was trading around .40. We’re going to want to keep an eye peeled for signs of a continued rebound as we kick off this new trading week.

The company’s intriguing product is a chemical purity analysis tool, which you can learn all about at https://www.cdxlife.com

Bottom-Bounce Watchlist: Castle Brands, Inc. ROX and LendingClub Corp. LC

Extended Watchlist:
ONCI, NETE, NAVB, MESG

Blue Horseshoe Stocks: KGNX Review, Options & More

KollagenX Corp. KGNX

After initially mentioning KGNX in Tuesday morning’s premarket report and observing a big intraday swing from this subpenny momentum mover (.00189-.0037, +96%), we mentioned yesterday morning that we wanted to continue to monitor its activity.

It ended up being a smart idea, as we bore witness to yet another solid upswing. After touching a low of .0025 right out of the starting gate, it didn’t take very long for KGNX to begin a run that lasted for the better part of the entire day. The stock ran hard into the close, touching a new high of .0044. It marked an intraday rip of 76%, and an increase of 133% over our observed low on Tuesday.

Once again recording higher lows and higher highs along with stronger than average volume, we’ll need to leave a slot on our radars open for KGNX as we head into week’s end.
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More Updates:

Speaking of subpenny momentum plays, we want to keeping watching the activity in On4 Communications, Inc. ONCI.which we also put on watch in Tuesday’s premarket report. We saw the stock trade as low as .0021 that day and it hit .004 yesterday, a move of 90%

With the stock building a continuously higher base of support in each of the past four sessions and running to new highs, it is currently in blue-sky breakout territory. We continue to stay on its trail.

The Children’s Place, Inc. PLCE – Options Recap

We also want to provide an update this morning on the performance of one of our options ideas from this week. On Tuesday we tagged the PLCE Weekly $70-75 Calls for observation, and yesterday they really heated up for us with some serious intraday rips from all three sets of contracts.

$70 Calls – Trading Range: 1.70-3.60 – Max Gain: 112%
$72.50 Calls – Trading Range: .55-1.80 – Max Gain: 227%
$75 Calls– Trading Range: .13-.54 – Max Gain: 315%

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Fresh Options Idea: Advance Auto Parts, Inc. AAP Weekly $140 and $135 Puts (Earnings Miss)

Extended Watchlist:
SIGO, BOOT, CPXX, GLUU, BBEP(Bankrupt Bottom-Bouncer)

Blue Horseshoe Stocks: Reviewing a Monster Monday

Monday’s Huge Winners

We kicked off the week in grand fashion yesterday, with what was easily the most successful single session for stocks we’ve had so far in 2016. We had an incredible three picks, all energy-related stocks, make gains of at least a hundred percent concurrent with the continued bolstering of oil prices.

SandRidge Energy, Inc. SDOC

We continued to track SDOC yesterday, after our mention in Friday’s premarket report netted a chance at up to 35% in intraday gains (.05-0674), and the surge was sustained and multiplied. After gapping up to open at .075, the stock bulled its way to an afternoon high of .154, for a solid double-bagger (105%).

From our observed low of a nickel on Friday, yesterday’s high marked a two-session swing of 208%

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Penn Virginia Corp. PVAH

Undoubtedly our top-gaining pick of the day, PVAH was off to the races promptly at the open.

It was a pleasure to watch as it spent the entire session in beast-mode, ramping its way up from .112 to .38 on immense volume! That’s an increase of 239% on the day, so big cheers go out to any of our readers who were able to take advantage of this gem!

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Goodrich Petroleum Corp. GDPM

GDPM came up big as well with an excellent intraday run, while managing to hold a majority of its daily advances into the close.

It started out with a rip from .0875-.1998, an intraday move of 128%, and came in at .174 at the closing bell, finishing the day on roughly 5x its 3-month average volume.

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Linn Co. LLC (LNCO)

While LNCO didn’t crack the double-bag threshold, it certainly had a solid session and came close. The stock traded in a range from .95-1.70, offering up intraday gains if up to 79%

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Breightburn Energy Partners, Inc. BBEP

BBEP also put forth a modest, yet respectable performance, rounding out our group of gainers for the day with a run from .80-1.25. That gave folks a shot at gains as high as 56% on the day.

Options Ideas

We’re also going to go ahead and formulate a couple of options trading ideas this morning- one long, and one short:

Urban Outfitters, Inc. URBN – Weekly $29-32 Calls

Shake Shack, Inc. SHAK – Weekly $40-37.50 Puts

Extended Watchlist:
AXPW, PPCH, BLKG, TPLM, EGLE, SBGL, SKLN(Possible Rebound Play)

Blue Horseshoe Stocks: SDOC Recap & More

SandRidge Energy, Inc. SDOC

Our mention of SDOC in Friday’s premarket report turned out to very well-timed. We’ve had the stock on our radars since early this year, and pushed it to the back burner for awhile, having so many other items of interest on the table.

We circled back around to it on Friday, just in time to catch a solid single session performance as the stock ran from a low of a nickel up to .0674; that works out to a 35% intraday increase on fairly heavy volume.

We’ll continue to keep an eye on SDOC, which appears to be ready to gap-up slightly today, for a breach of the 50DMA at .08.

Celldex Therapeutics, Inc. CLDX

We’re going to tag CLDX this morning as a bottom-watch play with serious rebound potential. Our bottom-feeder alerts are sounding loudly as we’re seeing the stock take an absolute nosedive on news of the cancellation of the company’s late-stage brain tumor vaccine study.

We’re always on the lookout for knee-jerk selloffs (which often transition into recovery plays), and CLDX has lost roughly half its value solely on the perceived effect of the announcement.

It’s worth it to mention that the company still has seven clinical trials underway on other products, so the discontinued project is by no means the only thing in the company’s pipeline.

We’ll be interested to track the action in CLDX in coming sessions as investors adjust to this morning’s events.

Extended Watchlist:
DCLT, PVAH, GDPM, WRES, LNCO, BBEP, CLF, KEG