Tag: BIEL

BOSC, PSUN, ETAK, TGRO & Extended Watchlist

BOS Better Online Solutions Ltd. BOSC

Pacific Sunwear of California, Inc. PSUN

& Elephant Talk Communications, Inc. ETAK

Each of these three stocks traded up on unusually high volume on Friday after appearing in our Extended Watchlist, and wrapped up what was a very successful week of trading.

BOSC tapered back from opening above 9.00, and found its bottom at 7.9001. The stock then proceeded to rebound, bouncing back as high 8.80 for a nice 11% intraday gain on more than 10X the 3mo. average volume.

PSUN increased steadily all day on Friday, running from 2.92 to 3.44, good for a gain of 18% on roughly six times the 3mo. average volume.

ETAK saw a low of 1.01 on Friday, and enjoyed a respectable 17% gain to a high of 1.18, besting its average volume by more than 4X.

Tiger Oil & Energy, Inc. TGRO

We caught TGRO on a scan for plays with unusual activity, and thought we’d mention it this morning. This is a stock that was trading by appointment only for quite some time, that has sprung to life all of the sudden.

This comes shortly after a recent press release citing a proposed partnership with Toto Energy, LLC, wherein the two companies would undertake a joint venture of drilling up to three gas wells, in which TGRO would have a 30% interest. >>>More on the Joint Venture

Extended Watchlist:
RDCM, ADXS, UQM, HEB, ROSG, YRCW, GERN, BIEL (Coming off bottom with news)

FREE, PHOT, AAPL & Extended Watchlist

FreeSeas, Inc. FREE

Everything we talked about yesterday ended up doing well, beginning with FREE. After opening up at .3723 the stock shot up to a high of .468, a move of 26%. Most importantly it held those gains nicely all the way through the close at .45.

This was right on par with what we had hoped to see from FREE, as it closed above the 50DMA. It seems our timing of the bounce worked in our favor, and moving forward, we’d like to see the stock continue to make higher lows and higher highs. The 10DMA of .49 and the 20DMA of .60 are going to be our next major hurdles to clear.

Growlife, Inc. PHOT

PHOT went on a similarly successful run as well, following yesterday’s morning report. The stock opened up at .0719, and continued to push the envelope all day, reaching its peak at .0899 shortly before 2PM. That marked an intraday gain of 25%, and like FREE, the stock managed to hold a significant portion of those gains into the close (.0847)

That solid performance came on nearly four times the average volume, so we are going to be keeping an eye on this stock for continued momentum.

Apple, Inc. AAPL – Options

The 11/01 $505 and $510 Calls that we had been tracking would hit their highs early on in the session before AAPL began pulling back from its big gap-up. The $505’s touched an ultimate high of 29.70 (Original alert in the $12-range) while the $510’s reached their peak at 26.44 (1st alerted at $10).

Both sets of contracts offered the chance to gain over 100% At that point, any good trader is taking profits off of the table and chalking it up as a win. Between now and when AAPL releases earnings on the 28th, we’ll be looking to move our strike price closer to the money, and continue to take advantage of this cash cow any way that we can.

Extended Watchlist:
BIEL, AVEW, DUSS, JAKK, CERE, CPRX, STXS, CMFO (Large gap-down watching for possible bounce)