Tag: BIND

Blue Horseshoe Stocks: ARNA Recap & More

Arena Pharmaceuticals, Inc. ARNA

You have to go a long way back to find our very first coverage of ARNA. It was May 11th, 2012 that we first mentioned this stock as an item to have on long-term watch. At that time the company had an obesity treatment that was awaiting FDA approval.

The public sentiment during that summer was that FDA approval was all but in the bag, and as we waited the stock began a monstrous run from a low of 5.44 to the day of its approval when it hit 13.50, an overall increase of 148% It would be a very long time before we talked about ARNA again.

The next time was fairly recently on November 3rd when we included ARNA on our Extended Watchlist, and over a period of a few sessions, saw the stock make a decent move from a low of 4.12 to 4.76. After that, it endured a series of incremental pullbacks over the next several weeks.

Yesterday morning, in a stroke of superb timing we tagged the stock in our watchlist once again, and what it did next blew the run we witnessed in November right out of the water!  Coinciding with the announcement of positive top-line results on another of the company’s treatments (this one for autoimmune disease) ARNA made a huge intraday run from a low of 3.66 to all the way up to 6.09. That’s a hefty 66% increase in a single session, and it came on approximately 20X the 3-month average volume, so cheers are in order for anyone who took advantage of our timely alert!

Heritage Media Corp. HMCP

Since we mentioned HMCP for the first time on New Year’s Eve, the stock has provided us with a few quality swing-trade opportunities. That day the stock traded in a range from .0047 to .0068, an intraday gain of 45% In following sessions we then observed subsequent swings from .0037-.0064 (+73%) and .0034-.0062 (+82%) making HMCP a flipper’s dream.

As we point out on the snapshot below, what has formed on the chart is known as a bullish flag, which is known to be a signal of further gains. Couple that with an RSI that’s screaming toward the power zone, and it makes HMCP one that we’ll really need to watch closely as we head into week’s end.

Extended Watchlist:
BIND, BIOD, FOLD, NRX, CYRN, AVEO, ACUR, PLX, S

Blue Horseshoe Stocks: AUMN, MEET & Options Calls

MeetMe, Inc. MEET
&
Golden Minerals Corp. AUMN

Both MEET and AUMN were winners off of yesterday’s extended watchlist, with each stock making nice intraday runs that traders could have used to their advantage.

AUMN’s move was the larger of the two, with the stock trading up from its early morning low of .72, and reaching as high as 1.00 before lunchtime. That made gains of up to 39% possible for anyone riding the wave.

We may want to keep AUMN on our radars for a longer period of time, as the PR which catalyzed yesterday’s move up contains some intriguing information. We’re going to be interested to follow along with that storyline. We suggest you read the full text of the announcement by clicking the link in the except below.

GOLDEN, Colo., Jun 18, 2014 (Canada NewsWire via COMTEX) — Golden Minerals Company (“Golden Minerals” or the “Company”) (NYSE MKT: AUMN) (TSX: AUM) today announced plans for a July 2014 restart of mining at its Velardena Properties located in Durango state, Mexico. Once mining and processing are ramped up to approximately 285 tonnes per day (tpd) of sulfide ore in mid-2015, the Company expects output of approximately 1.0 to 1.2 million silver equivalent ounces per annum (including silver and gold but excluding lead and zinc), with cash costs between $12 and $15 per silver ounce net of by-product credits. >> FULL PR

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MEET’s intraday run was a bit more modest coming in at 19% as the stock ran from 2.06-2.45, but the opportunity was still present. The spike came on high volume, and the stock held the majority of those gains into the close, so we may want to keep tracking this one as well.

Tracking Our Options Calls

We’ve had so much success with options this week, that the chances are too many to list! As of yesterday premarket, our total possible percentage gains had already pushed well into the thousands, and that figure only increased throughout the session. Each of the three primary chains we’ve been playing this week executed classic dip-and-rip scenarios, and virtually every set of Calls we’ve been watching made sizable moves.

Petroleo Brasiliero S.A. (Petrobras) PBR

3D Systems, Inc. DDD

GW Pharmaceuticals, Inc. GWPH

From the One Week charts below, you can see just how significant the swings have been in the Calls on each of these plays.

We want to continue monitoring these charts regardless of which way they appear to trend, as every pullback we’ve seen thus far has provided us with chance to play the dip-and-rip. With the Fed’s stance on tapering and not raising interest rates anytime soon, it could continue to feed what has been an absolutely historic bull market.

Extended Watchlist:
NOK, APP, STEM, BLDP, BIND, ALDX,