Tag: BBEP

Blue Horseshoe Stocks: Potential Bottom-Play, HMCP Update & More

GAIN Capital Holdings, Inc. GCAP

GCAP began to get hammered on the heels of yesterday’s announcement by the Swiss National Bank that it would move interest rates caused some volatility in the Swiss franc.

The stock is still getting crushed in the premarket today despite the fact that the move by the Swiss does not materially affect the company, as stated in a commentary released by BCAP yesterday afternoon. >>> READ PR

Currently it has been beaten down to the 6.50-area; its lowest levels since October, so what we’re going to want to do is monitor this play for an eventual bottom-bounce. This is exactly the type of knee-jerk pullback we like to catch, as the recovery can often be extremely profitable for quick-witted traders.

Heritage Media Corp. HMCP

We first brought HMCP to our readers’ attention on New Year’s Eve, and discussed it most recently last Thursday. With such a low float, HMCP is susceptible to rapid movement on relatively little buying/selling pressure, and in the intervening time between those two reports, we witnessed a series of heavy swings in the stock cumulatively totaling 200%

We pointed out that the patterns were making a bullish flag formation on the chart, and it did turn out to be a prelude to further gains. On Monday we observed a low of .003, and yesterday the stock registered a new high for us at .0077, which adds another 156% swing to the already impressive moves we had witnessed previously.

Indicators are still looking ripe as illustrated on the following snapshot, so HMCP will be something that we keep a close eye on into next week.

Extended Watchlist:
RVP, SDRL, EOPN, IAG, PBR, BBEP

Blue Horseshoe Stocks: Revisiting TASR & More

TASER International, Inc. TASR

We’ve been tracking TASR since late November, and the stock has gained a good bit of ground over the last month, so we wanted to touch base and update readers on its performance so far. December 1st was the day we witnessed the low on TASR with the stock touching 20.79 during that session, and it hasn’t looked back yet.

Continuing orders from police agencies for TASER’s body-worn video cameras has fueled quite a run, as  the stock managed to break to new highs since we’ve been paying attention on Friday, despite the holiday-shortened week. TASR ran as high as 27.65, which, from the low we observed roughly one month ago, represents an increase of 33% It also puts the stock effectively in blue skies, trading as high as it has in ten years.

We like the trajectory TASR is on, with current events seeming to support a case for the stock going even higher. Amid growing calls for more law enforcement accountability from both the public and the agencies themselves, during a time when incidents between citizens and officials appear to be reaching critical levels, TASR is positioned perfectly to capitalize on the fallout. As we’ve mentioned before, TASER is a trusted name in law enforcement and the public arena, and thus a natural choice for technology that promises to create more transparency in local police departments. It makes it a story that we’re likely to follow over the long-term.


General Employment Enterprises, Inc. JOB

JOB has been on quite a run lately, coming up from the .20-range earlier this month, and we’re going to be monitoring the stock as we kick off another split-week. Over the past several sessions, JOB has pushed its way into blue sky breakout mode, and we’re going to be on the lookout for a continuation of the significant momentum that has been building in the stock.

At a certain point, profit-taking should begin to peel JOB back a bit, and so we’ll also be on the lookout for a dip-and-rip when that pullback leads to an eventual bounce.

American Apparel, Inc. APP

The last time we mentioned APP roughly a week back after seeing nearly 100% in gains, we gave the prices at which we wanted to see support hold as the .85-1.00 range. The stock has managed to maintain above a dollar for the most part, and we wanted to give it another nod this morning, and remind people that it still remains on our watchlist.

There seems to be a Golden Cross setting up on the chart, another reason why we want to establish a close watch over this play. Additionally, last year around this time and from roughly this price range, APP began a three-month run that brought it to well over two dollars. This has traditionally been a seasonal play for us, so we’re always open to the possibility of history repeating itself.

Extended Watchlist:
RXDX, LIVE, ADXS, BBEP

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