Tag: BLRX

Blue Horseshoe Stocks: FB & AAPL Options, INO, NOK, ZQK

Facebook FB OptionsThe FB 09/13 $41 Calls first appeared in our reports on September 4th, as we stated: “…if FB can breakout to $45 by next Friday, we could be looking at multi-bag gains from these contracts.” While we fell just shy of our target by .39 at Friday’s high of 44.61, the price action on those calls was still enough to provide us with those multi-bag gains with a whole trading week still remaining until expiration! So far, from their low following our 09/04 alert at 1.29, we saw a subsequent push to 3.80, good for a gain of 251% over a period of just a couple of days.

We’re going to remain bullish on these $41 Calls as we head into Friday’s expiration, as we think the chances are fair that FB as a whole remains on a general uptrend. It could lead us to move up on our strike price and contract duration as well. The 09/21 $45 Calls closed at .82 on Friday, and if Facebook does continue its upward momentum, those are likely to be the next contracts that will catch our interest.

Apple (AAPL) Options

There has been much speculation surrounding the possible focus of Apple’s big event tomorrow, which is widely believed to be an unveiling of the new iPhone 5S, although there have been no confirmations. Whenever a situation like this comes along, we always try to stay ready to advantage wherever possible. The public’s reaction to tomorrow’s event will determine our reaction in playing the Apple options chain. A successful reception and subsequent rise in PPS would obviously draw our attention to the Calls, while a disappointing result would force us to look at the Puts.

Inovio Pharmaceuticals, Inc. INO

We’ve been hot on the trail of INO since the beginning of July, when the stock was trading below a dollar (.7953 at its low). Within a month of that, by early August the stock had hit 3.03, which represented a move of 281%

We reminded everyone on August 23rd that we were observing higher highs and higher lows after the subsequent consolidation ( to a low of 1.60). Then on Friday, sent another reminder that INO was beginning to bounce back. We then saw a run back to 2.45, which marked a gain of 53%

This morning, the stock hit a high of 2.85 in pre-market trading, and trades are currently going off in the low 2.70’s.

Nokia Corp. NOK

Another stock that has done extremely well for us over an extended period is Nokia (NOK), especially recently, as its shares price ballooned on news that Microsoft had acquired its devices division as well as licensing rights to several of its patents. We’ve been following this stock for over a year now, and in that time we’ve seen a low of 1.91 run all the way up to recent highs in the high 5.50’s, a move of over 190%

Quiksilver, Inc. ZQKZQK appeared in Friday’s extended watchlist following release of an earnings report. After establishing a low at 5.99, the stock ran as high as  7.09, granting us the chance at an 18% intraday gain.

Extended Watchlist:
EXMT, BBRY, BLRX, UNIS, CLSN, MNTG

 

GGHO, CMGO & Extended Watchlist

One thing we try hard to do, is continually offer up as many different, and hot plays as we can possibly find. Unlike other newsletters, we are not compensated for the vast majority of our picks. As a service to you, we sift through thousands of stocks on our scanners in a daily attempt to bring forth as many large-upside stocks as possible. Today we have hand selected two 3-cent stocks that both had some nice gains yesterday, and are now working with a fair bit of momentum. Based on yesterday’s performances, and how the charts are setting up, we felt that GGHO and CMGO both deserved a spot on our watchlist. We’ve included annotated charts for each one.

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Genesis Group Holdings, Inc. GGHO

The accumulation/distribution on GGHO is steadily rising, and the RSI passed the 50MA, headed into the powerzone. The PPO just crossed, and the histogram just flipped up to the bullish side. The stock broke this year’s previous high of .0279. Should there be a pullback, we’d like to see that hold as the future level of support.
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CMG Holdings, Inc. CMGO

The CMGO chart has many similarities, with the RSI heading north past the 50MA overlay. The stock has been holding support off of the 200DMA, and yesterday it broke above the 20, 50, 100DMA’s. We have a pinching PPO looking for a cross, and a Slow STO that has just crossed over.

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Extended Watchlist:

WSGI, AAPT, BLRX, TPI, JAG, ATRS, 

ANTS, PPHM, MDHI & Extended Watchlist

ANTs Software Inc. ANTS

Once again, ANTS earned us a spot on Penny Stock Rumble on Friday. The stock hit a high of .034 before closing at .03. We had mentioned that we wanted to keep an eye on ANTS heading into this week as a result of the heavy momentum we observed, and currently we are up over 150% from Wednesday’s low. At this stage of the game, we are considering taking half off of the table, and playing the rest of the way with the house’s money. It is always vital to protect your profits, should the stock take a turn for the worse.

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Peregrine Pharmaceuticals, Inc. PPHM

Speaking of stocks heading in the wrong direction, PPHM is experiencing a huge gap-down today as a result of a disconcerting press release.

We first mentioned PPHM on August 14th, after which time it saw a low of 2.37 before hitting a high of 3.05. for a three-day, 29% gain. By the 27th it had pulled back to 1.27, and then on Friday hit its high of 5.50, and at that point marked a gain of 213%  That would have been the time to lock in profits, as we just stated; you really never know when some poor news can begin to damage a stock’s performance.

This drastic pullback this morning, should offer a bounce opportunity, which is why we want to continue to monitor it despite the current situation.

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Medical Alarm Concepts Holding, Inc. MDHI

MDHI hit a new high of .0065 last week, a gain of over 100% since we first began covering the stock back on August 6th when it was trading as low as .003.

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Extended Watchlist:
HEB, BLRX, LPH, BVSN, EGCT, DHRM, HLNT, SRGE, P