Tag: BIOD

DEJ, PHOT & Extended Watchlist

Dejour Energy, Inc.  DEJ

We’re taking a look at DEJ this morning, an oil & gas play that is coming off of a recent bottom. Indicators on the chart seem to be ripening, so we wanted to put DEJ on everyone’s radar. As you can see, the RSI is coming off of being oversold, while the MACD is in the process of a bullish cross, with the blue bars on the histogram also flipping up to the bullish side.

Yesterday the company announced its entry into a letter of intent on a deal that will partner it with a privately-held energy company out of Singapore, and bring in a substantial amount of capital in the process:

VANCOUVER, British Columbia–(BUSINESS WIRE)-Dejour Energy Inc. (TSX:DEJ) (NYSE MKT:DEJ), an independent oil and natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announces that it has signed a Letter of Intent to create a strategic joint venture partnership with a private Singapore based energy company (‘SECO’) to develop the company’s Colorado oil and gas assets.

Upon completion of due diligence, legal documentation and requisite approvals expected prior to January 31, 2014, SECO will invest an initial sum of up to $27.5mm in 2014 and 2015 to earn an 85% share in Dejour’s interests in its Colorado properties  >> FULL PR

Growlife, Inc. PHOT

Many of you know, we’ve been pounding the table on PHOT and the marijuana industry as a whole for well over a year now. Beginning back in August, we started to ramp up our coverage of this stock. At the time PHOT was trading as low as .0299, and has continued to push the envelope ever since, bringing us up to the present where PHOT is now officially in Blue Sky Breakout mode.

The stock has reached lofty highs culminating in yesterday’s run up to .14, which represents an astonishing 368% increase off of the low we just mentioned, in just a few months’ time.

As is the case with any runner that’s streaking into the Blue Sky, we want to be cautious of a potential reversal. In the event of  pullback, we’d like to see support hold at the previous resistance level of .1045.

Important Industry Side Note: Not only have there been recent talks within the NY State legislature about plans for a bill that would legalize the drug in New York as it has been in Washington and Colorado, but Uruguay also recently became the first country in the world to effect nationwide legalization and regulation of growth, sales, and trade. The idea that marijuana prohibition is both ineffective and harmful on many levels is finally beginning to gain real headway in the mainstream.

12/16 – Newsweek Article: GrowLife Wants to Be Legal Weed’s Financier

Extended Watchlist:
FTR, KFN, BIOD, ATHX, VRNG, CREG

GRPR, BRND & Extended Watchlist

Grid Petroleum Corp. GRPR
GRPR has behaved exactly as we hoped it would this week. We alerted the stock as a momentum play in Wednesday’s extended watchlist, at which time it was trading as low as .0013. It broke a key resistance point at .0016 and closed at .0017. This led us to include it in it in yesterday morning’s pre-market report. The stock would go on to see a high of .0029 on 12X the 3mo. average volume, marking a 123% in just two days time.

With the kind of volume we saw in GRPR yesterday, it still qualifies as a momentum play, so we’ll be monitoring the situation closely during today’s trading.

Premier Brands, Inc. BRND
BRND made a massive move for us when we first put it on our watchlist on July 10th. After a recent consolidation following that big run, yesterday we saw the stock make a nice bounce off of the 50DMA. If it can break above the penny–mark, we like BRND’s chances of providing us with some additional gains.

Side Note:
AAPL $455 Calls have provided several daytrading opportunities this week, and there’s a good chance that we see the volatility continue today. They closed at $2.96 yesterday.

LNKD dropped their earnings after the close yesterday, and this morning the stock is gapping up, so we’ll be looking at in-the-money Calls at $225 and $230.

Extended Watchlist:
ALSK, ZLCS, RENN, BIOD, SORL,

URRE, VTPI, CLNOD & Extended Watchlist

Uranium Resources, Inc. URRE

Our call on URRE yesterday bore fruit almost immediately, as the stock came out of the gate trading as low 4.46, before spiking to the high of day at 5.53 (+24%). For people who missed out on that first surge, there was yet another opportunity after lunchtime, where the stock pulled back to 4.80 before taking off again, running into the close at 5.321 (+11%).

Total intraday gains of 35% seem exceptional for a stock in this price range, especially when you consider the fact that it came on just over 25X it 3mo. average volume.

We also earned an appearance on the Penny Stock Rumble for our mention of URRE:

URRE appears to be gapping down this morning. Remember, the stock was already up significantly prior to appearing in our report, so we wouldn’t expect further gains without first seeing a consolidation.

Vital Products, Inc. VTPI

VTPI has hit our scanners as a possible reversal/bottom play. The stock has been beaten down recently, so we’re going to put it on our watchlist. If it can hold support at a penny, the chance for a bounce-play could present itself.

EQCO2, Inc. CLNOD
(Formerly Cleantech Transit, Inc. (CLNO)

We also wanted to point out that a stock we’ve been following since March, has undergone a forward split and name change, as highlighted in the PR below.

As Cleantech Transit, CLNO provided us some of the biggest gains we’ve ever seen, going from sub-penny prices all the way to .365. We will definitely continue to follow its activity after this change in direction and share structure.

LAS VEGAS, NV – (July 29, 2013) – CleanTech Transit, Inc. (CLNO) today announces that its name is now EQCO2, Inc. and the company will proceed with its five to one (5:1) forward stock split of its common shares. FINRA has finished processing the Company’s request for its new name and forward split to allow for the changes.

At the market opening on July 30, 2013, the Company’s common stock will begin trading on a post-split adjusted basis. The Company’s common stock will trade for 20 business days under the symbol “CLNOD” and then the Company’s trading symbol will revert to “CLNO.”

The change to EQCO2, Inc. was made to reflect the Company’s new direction, which is the offsetting, by equalizing/neutralizing, carbon dioxide emissions, so EQCO2.

Extended Watchlist:
HUSA, BIOD, LTBR, LLEN, STXS, SNTA

CERP, SWVI & Extended Watchlist

Cereplast, Inc. CERP

After appearing on yesterday’s extended watchlist, CERP gapped up slightly at the open .0288 from the prior close of .0248. We saw a slight pullback to fill part of that gap, with the stock dipping as low as .025 first thing yesterday morning, after which it proceeded to push to a high of .0449 by early afternoon. The differential from low to high produced an opportunity for us to rake in up to 80% in profits on the day.

This stock is coming off of a dead-cat bottom, so we’d like to see it get above the 50DMA of .0552 for us to remain bullish. As you can see on the chart, indicators are starting to look strong, with the RSI coming off of being oversold and getting ready to pass through the 50-line. The PPO and the Slow STO just crossed over, and momentum is looking strong, with volume picking up over the past few days.

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Swingplane Ventures Inc. SWVI

SWVI is another stock off of our extended watchlist from yesterday- this one gapped up to .19 after a previous close at .17. We saw a slight pullback to .1843, before the stock surged as high as .295 (closed @ .2899). In all, total intraday gains of 60% were possible, on huge volume to the tune of 88M shares.

We want to be cautious here, even while there may be gains still left to be made. We’ve seen a few large promo outfits touting this stock recently, so we just need to keep aware, and scan for the impending collapse that most often follows a big promotional push. The tail-end of those pullbacks generally produce bounceplay opportunities, of which we fully intend to take advantage. It will be all about timing when this comes to pass. We’ve been spot-on in timing the actions of SWVI so far, so join us in keeping this play on your watchlist as this round of promotions runs its course.

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Side Note:

Of the remaining three stocks to appear on yesterday’s extended watchlist, two posted gains on the day: Pharma-plays PATH and KERX. It was actually the third day running that we mentioned PATH, which has made gains of 21% over just a few short days; quite a feat for a big board stock. This was on the strength of a news release outlining the company’s new treatment for acute migraines.

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Extended Watchlist:
EMWW, FARE, NEWL, XRX, BIOD, CARV, RVLT

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