Tag: BGMD

TGRO, WMIH, BGMD, ZGNX, NAVB & Extended Watchlist

Tiger Oil & Energy, Inc. TGRO
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For those of you who may have missed yesterday’s morning and afternoon reports on TGRO, the stock had a marquee day, putting up one of the best performances in the whole of the OTC Markets.

On more than 20x the 3mo. average volume, TGRO bulled its way upward throughout the day, starting at a low of .36 and reaching as high as .524, good for a strong intraday move and chance for up to a 46% profit. A strong close at .52 effectively puts us on the lookout for continued momentum this morning, though as always, traders should use caution on a stock that has seen such rapid increases.

Our timely mention of TGRO (coming just a day after the stock woke up from the dead) also put us at the top of Monday’s Penny Stock Rumble:

WMI Holdings Corp. WMIH

WMIH appeared on our Blue Horseshoe Stocks blog with yesterday afternoon’s alert, at which time the stock was trading in the 1.42 area. It would go on to experience a 27% move to 1.81 in the final hours of the session.

WMIH is now heading into uncharted territory, being the highest it’s ever been. We are going to be cautious for a pullback, and in that event we’d like to see the previous resistance, our alert price of 1.42, hold as support.

SEATTLE, Dec. 9, 2013 /PRNewswire/ — WMI Holdings Corp. (WMIH) (“WMI” or the “Company”) today announced that KKR & Co. L.P. has entered into a conditional commitment letter to make a strategic investment in the Company (the “Commitment Letter”), dated December 8, 2013. >>>Read Release

BG Medicine, Inc. BGMD

We’ve also got a new item for your tickers this morning. BGMD has news out, and looks set for an interesting session as the stock is gapping up in pre-market trading, coming off of recent lows and breaking above the 50DMA (.64), a recent area of resistance.

We’ll be monitoring BGMD today as it reacts to this morning’s announcement:

WALTHAM, Mass., Dec 10, 2013 (GLOBE NEWSWIRE via COMTEX) — BG Medicine, Inc. (Nasdaq:BGMD) announced today that the Centers for Medicare and Medicaid Services (CMS) have published the final determination of the 2014 Medicare national limitation amount for the Company’s galectin-3 blood test (analyte-specific CPT(R) Code 82777) at the amount of a crosswalked test (analyte-specific CPT(R) Code 84244) whose 2014 national limitation amount is $30.01. This national limitation amount will replace the galectin-3 blood test’s national limitation amount of $17.80 that was effective in 2013.

The following are plays with FDA-related news out this morning that we’ll want to watch closely today:

Zogenix, Inc. ZGNX
FDA Approval News out this morning, monitoring for potential breakout. >>>View PR

Navidea Biopharmaceuticals, Inc. NAVB
FDA has granted “Fast Track” status for the company’s lymph node detection test. >>>View PR

Extended Watchlist:
GERN, ARIA, CNDO, RMBS, VTNC, BLRX, NWBO

PNCH, GNIN & Extended Watchlist

IC Punch Media, Inc. PNCH

PNCH made a decent move for us yesterday, running 20% from a low of .006 to as much as .0072, and solidifying itself a place on today’s watchlist. Yesterday’s session held higher lows and higher highs than the previous trading day, generally a bullish indicator.

BARCHART.COM is currently giving PNCH a “72% Overall Buy” Rating, and 100% on short term indicators.

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Cannabis Stocks Still Popular
A couple of our marijuana stocks were on the rebound yesterday after we mentioned them in our morning alert. In fact, of the 8 stocks on our Hemp Stock Tracker on our blog at bluehorseshoestocks.com, only two failed to close green.

EDXC, which we’ve been tracking since Feb. 26th from a low of .04, closed at a new high of.105. At that price, 75-163% in gains have been attainable from the .04-.06 range when we first alerted the stock.

SKTO dipped to a low of .0031 in the first few minutes of trading on Tuesday, and then shot up to as high as .0058, marking a gain of 87% We then saw a pullback to .0038 before the stock ran back to .0055, for a bounce that added 45% in gains to our total. For having one day on our watchlist, SKTO has impressed us with its ability to produce multiple opportunities to profit. This is a play that we intend to monitor along with all of our other cannabis related stocks, a sector that has continuously met and even exceeded our expectations.

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Green Innovations Ltd. GNIN

GNIN hit a high of 2.24 yesterday, following our re-alerting of the stock in the beginning of last week. We also put out a video presentation of the GNIN chart. That level marks a gain of 124% from the stock’s one dollar low reached last Tuesday following our alert.

We’d like to congratulate anyone else was able to capitalize on those gains.

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Extended Watchlist:
BGMD, DRL, PPHM, MDIN,

BMSN, AMBS & Extended Watchlist

Yesterday in reference to BMSN, we stated that “we are expecting to see a pullback at some point. In such an event, we’d like to see the support hold off of the 50DMA of .001.”  Sure enough, that’s exactly what we saw, as the stock bounced off of .0011 before closing at .0018. Not only did BMSN follow our prediction to the letter, but it managed a 64% intraday gain off of the bounce as well.Accumulation remains at an all-time high, with close to three-quarters of a million dollars changing hands yesterday, a record-setting volume day for the stock. This leads us to believe that there is certainly something left in the tank for BMSN, and we will continue to monitor the Level 2 as we do with every ticker that’s high on our watchlist, to make sure that support holds in the .001’s.

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Amarantus Bioscience, Inc. AMBS

AMBS had another great day on Wednesday, raking in some more serious gains. We observed a new high of .195, on heavy momentum, much like BMSN. Yesterday was the third highest volume day the stock has logged in the past two months, with $4.5M in dollar volume. When we see momentum in a high-flyer like this, it’s easy to get excited, yet we remain vigilant. It’s important not to let greed run the table, and protect those profits where you can, after all, we’ve already seen cumulative gains of 1047% from AMBS.

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Extended Watchlist:

PNCH, SNTL, UNLA, PRTN, EGCT, BGMD, DUSS