BIOD Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: This Week’s Big Runners

Marijuana Company of America, Inc. MCOA

As a part of our general focus on marijuana related stocks, we’ve been hot on the trail of MCOA, first bringing it into the mix early last month (at a low of .0094) and keeping it the conversation all through this week as its gains have gone exponential.

Leading into yesterday’s report, we had already witnessed a move of more than 500% and the stock followed that up with yet another stellar performance on the day. It traded up a solid 70% from a low of .072 to a new high of .1225.

That means that a stock we signaled for observation one month ago tomorrow, went from subpenny and smashed through the dime barrier, which definitely isn’t something you see every day! Neither is a twelve-bagger of any kind, yet the overall run we’ve seen from MCOA in four weeks now amounts to 1203%

Cannabics, Inc. CNBX

CNBX is of course another pot play that we jumped on early last month when we began heavily urging our readers to take heed of the second Green Rush that we’re currently experiencing, and we’ve stuck with it consistently. Subsequent to our report on October 5th we saw it trading for as little as .06, and the epic run it has mounted since then has taken it past the elusive dollar barrier!

Yesterday it posted another nice intraday move going from .75 to 1.12 (+52%) and measuring from that six-cent low, it equates to a remarkable overall run of 1766%

Medical Marijuana, Inc. MJNA

At this point there are so many huge performers in the cannabis space that it’s beginning to become difficult to keep up with all the winners, but we need to take a minute to update our readers on MJNA, which is a play we’ve followed for years.

Like many other pot stocks, it has enjoyed a huge rush of upward movement in recent weeks. We tagged it in our report on September 23rd, saw a low of .04, and yesterday, in a session with absolutely enormous dollar volume, it hit .23. A hefty 475% move has been the result, and as we keep saying, with elections coming in just a few days and medical and recreational marijuana on several ballots, all of these cannabis stocks could still stand to make big swings to the upside.

Galenfeha, Inc. GLFH

Speaking of multi-day runners, starting on Monday morning, we’ve been steadily tracking GLFH through what has been a series of solid daily increases that have amounted to a fairly impressive 3-day run.

As we’ve stated previously, GLFH is a low-volume, low-float play that doesn’t need a whole lot in the way of buying pressure to effect appreciable upward momentum, and we’ve certainly seen that dynamic exemplified.

Yesterday, the stock traded in a range from a low of .0429 on up to a new high of .057, for a daily advance of 33% and a total increase of 119% over our observed low from Monday (.026). In the event of a dip, we’d ideally like to see it maintain support at the 200DMA of .0498. Failing that, we’ll remain interested as long as it doesn’t fall below our witnessed low.

Extended Watchlist:
AXPW, CHK, SGBY, BIOD, NVCR(Bottom-bouncer)

Blue Horseshoe Stocks: Winning NFLX Calls & More

Netflix, Inc. NFLX – Update

We had just come off of an excellent post-earnings options idea on Hasbro leading into yesterday’s session, and to keep the train rolling, we offered up an another options idea to go along with NFLX’s own earnings beat.

We’ve said it a hundred times and will probably say it a hundred more- quarterly earnings provide a fantastic method of using big board stocks to leverage huge short-term profits out of their options chains, and NFLX is illustrating that point to a tee.

We signaled our interest in the NFLX Weekly $117-120 Calls, and of course, they all made notable moves to the upside on the session:

$117 Calls – Range: 2.12-3.27 – Max Gain: 54%
$118 Calls – Range: 1.66-3.20 – Max Gain: 93%
$119 Calls – Range: 1.34-2.65 – Max Gain: 98%
$120 Calls – Range: 1.13-1.75 – Max Gain: 55%

Cannabis Science, Inc. CBIS – Update

We cautioned readers in yesterday’s report that the activity on marijuana related stocks has been ramping up, and in lieu of a traditional extended watchlist for the day, we posted a list of over a dozen to keep an eye on, and nearly all of them ended the day in the green.

One of the most solid plays out of the list was CBIS, which ran a healthy 44% from .034 to .0489, and did so on volume exceeding the monthly average roughly seven-fold. After that initial run, the stock pulled back before surging again toward the end of the day, and posting a strong close at .0475.
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We’ll look to keep monitoring the situation in not only CBIS, but the marijuana space as a whole. We’re confident enough in the present landscape to assert that the opportunities are most assuredly not going to end here. As we’ve stated multiple times now, recreational legalization in California (the world’s 6th-largest economy) is just weeks away. It figures to reinvigorate investor interest in pot stocks even more than we’ve seen to this point, as well as representing the toppling of a major domino in what we feel will ultimately be a chain-reaction leading to nationwide legalization.

According to the LA Times poll, roughly 60% of California voters plan on voting yes on Prop 64, which would mean that by this time next month, the entire West Coast from Canada to Mexico will be a prohibition-free zone.
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Added Note: We also want to add ICBU to our marijuana watchlist; a stock that we haven’t mentioned in the past, on the heels of an interesting PR. (>>View PR)

Banc of California BANC

Speaking of California, BANC stock has fallen off a cliff on immaterial news of a pending fraud investigation. We always look for knee-jerk selloffs like these, and in this case it actually happens to be coinciding with an earnings beat. That’s why we’re interested in signaling both the stock and some options ideas for this one.

We’ll be tracking the BANC Weekly $12.50 and $15 Calls for a short-term idea, and for an extended-term idea, the BANC 11/18 $17.50 and $20 Calls.

Extended Watchlist:
KEGX, GBHL, NGBL, BIOD, MRNS, DATA

Blue Horseshoe Stocks: NEWC News Alert & More

New Columbia Resources, Inc NEWC

We’re circling back around to NEWC this morning on the heels of an untraded upon press release that just hit the wires. It pertains to the expansion of the cannabis side of the NEWC business, which will look to expand its hemp growing operations to zones that were previously out of the question prior to the recent ceasefire which has essentially ended 5 decades of internal hostilities in the South American nation.

BARRANQUILLA, COLOMBIA–(Marketwired – Jul 27, 2016) – New Colombia Resources, Inc. ( OTC PINK : NEWC ), a Colombian company listed in the U.S., is pleased to announce that Sannabis SAS, their Medical Marijuana joint venture, will work with CORPROPAZ to develop hemp fields in 5 different areas of Colombia for a pilot program to create new hemp industries in post conflict zones. (>> FULL PR)

We’ve also prepared a video highlighting the various aspects of the NEWC Chart, whiich we suggest you check out now!

Additionally, if you missed our initial in-depth report on NEWC, or the exclusive video interview we conducted with company president John Campo, we urge you to check those out as well.

NEWC Report

NEWC Executive Interview

More Updates:

Sophiris Bio, Inc. SPHS

We’ve been tracking SPHS all week so far, and have been met with a good opportunity for some quick profits. Subsequent to our mention in Monday’s report, we’d witness a low of 4.92 in the stock, followed by a 22% run to 5.98. Then yesterday, it held support at 5.88 as it came down slightly before jumping up to a new high of 8.55, which also happens to be the stock’s new 52-week high.

It marked an intraday run of 45% and a two-day upswing of 74% over our observed low from Monday.

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Weyland Tech, Inc. WEYL

We tagged this play on Friday (Low of 2.10), and then again in yesterday’s newsletter, and the performance we’ve seen thus far has been respectable.

Yesterday WEYL traded up from a daily low of 2.17 to a high of 2.80, representing a daily run of 29%, and an overall increase of 33% from Friday’s low.
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Exact Sciences Corp. EXAS

We also had EXAS in yesterday’s report, and the stock made a modest move of 20% from a low of 14.57-17.47. Not the magnitude of gains that we typically hope for, but considering the price range, a 20% intraday pop is nothing to sneeze at.

Texas Instruments, Inc. TXN – Options Update

We signaled a range of calls in the TXN options chain yesterday morning to correspond with the company’s earnings beat, and the chances it churned out were very nice. We highlighted the TXN Weekly $70-72 Calls and every set contained within provided a shot to make gains of 500% or more! It also yielded our third and fourth options ideas of the past week that have yielded gains of over 1000%

The potential single-session profits were as follows:

$70 Calls – Range: .10-1.96 – Max Gain: 1860%
$70.50 Calls – Range: .32-2.00 – Max Gain: 525%
$71 Calls – Range: .15-1.30 – Max Gain: 767%
$71.50 Calls – Range: .11-1.00 – Max Gain: 810%
$72 Calls – Range: .06-.70 – Max Gain: 1067%

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Fresh Options Idea: AAPL Weekly $102-105 Calls

Extended Watchlist:
TPIY, KBLB, BTCS, SQNM, BIND, BIOD, WOOF

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: CBGI Update, Form-4 Scan & More

Cannabusiness Group, Inc. CBGI

After adding CBGI to our radar on Monday, (At a low of .0321), and putting the stock on high alert yesterday, we’ve managed to do very well with this new player in the medical marijuana game. If you recall, yesterday, we sounded the alarm on CBGI in our pre-market report, putting it on “high alert” after receiving news that the company had acquired a plot of land in California to commence its plans for a licensed cannabis grow operation. In addition, we pointed out the Golden Cross that was forming on the chart as another reason why CBGI was in a prime position to blow its top.

That’s exactly what took place, as the stock opened at .045, dipped briefly to .041, and the it was off to the races. We saw CBGI run 217% to .13, which also marked an overall gain of 305% from Monday’s low. Following that initial rip, the stock would pull back and bounce several times for added intraday opportunities, and landed us at the top of the Penny Stock Rumble:

Congratulations to anyone who was able to take advantage of the chance for quick-strike profits!

CBGI ended the day at .076 up over 120% from its previous close, and we’d like to see support hold in the .06-.07 range in order for this play to retain our interest. We are still on the cusp of seeing that Golden Cross, so we’ll be keeping an eye on CBGI through to next week, when it looks like that might occur.

Extended Watchlist Winners:

Pixelworks, Inc. PXLW

We’ve got to take a minute to applaud ourselves for another of yesterday’s selections. PXLW appeared in our Extended Watchlist and went on to have a beast of a day. The stock shot up from 6.31 to 9.05, a solid 43% increase, and did so on more than 30x its 3-month average volume.

Fanny & Freddie (FNMA & FMCC)

Also making several appearances in our recent reports, we like the gains we’ve seen from this mortgage-lending pair. Both stocks have recently come from the $3.00-range and are now trading well over $5.00.

Form-4 Scan

Our regulars know that we periodically like to conduct Form-4 (Insider Trading) Scans, and have gleaned some big winners by doing so in the past (e.g. CETV made a 147% move for us). As a result of the one we ran this morning, we have a couple of stocks we’d like to throw into the mix:

Biodel, Inc. BIOD

BIOD popped up after several company officers filed their form-4’s which denote an exercise price of 3.37 (Currently trading in the mid-3.40’s), so we’ll be placing this one on our radar for sure. For our readers who may not be as well-versed, let us explain the significance. While Form-4’s reflecting the acquisition of shares by insiders shouldn’t be taken as a definite sign of something big brewing behind the scenes, it does suggest a certain in-house confidence in the stability of a stock that we like to see. It never hurts to put a stock on watch just in case there is something bigger going on.

Career Education Corp. CECO

The other one we spotted on this scan was CECO. A good number of Form-4’s have been submitted over the course of this week, so we’ll be throwing this one up on our radar sceens as well.

Side Note:

MLCG and MDCN are a couple of longer-term marijuana stocks that we think folks should have on their watchlists.

Extended Watchlist:
BMSN, FCEL, SKUL, NWBO, HART, CCRN, PLUG BSPM,