BSPM Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: Options Plays & Other Updates

Alcoa, Inc. AA – Options Idea

The range of options contracts that we signaled for observation on Tuesday for Alcoa went on to extend their gains, just as we mentioned they might in yesterday’s report. We were zeroed in on the AA Weekly $32-30 Puts, and as AA continued its backslide right on cue, the trading ranges were indeed bolstered by a good margin.

Here are the updated figures of the possible gains:

$32 Puts – Range: 2.64-4.95 – Max Gain: 88%
$31.50 Puts – Range: 1.93-4.47 – Max Gain: 132%
$31 Puts – Range: 1.57-3.98 – Max Gain: 153%
$30.50 Puts – Range: 1.16-3.44 – Max Gain: 197%
$30 Puts – Range: .65-3.02 – Max Gain: 365%

Other Updates

BioStar Pharmaceuticals, Inc. BSPM – After catching this stock’s fantastic 96% intraday run from 3.60 to 7.06 on Tuesday, the stock saw a big dip yesterday, along with a subsequent rip that could have provided an early morning in-and-out opportunity.

After coming down to 4.27 it traveled back as high as 5.23, an intraday move of 22%
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Agritek Holdings, Inc. AGTK – We tagged AGTK for observation in Friday’s report, at which time the stock was seen trading as low .0092. After a few sessions of nominal trading, yesterday the stock really kicked things into high gear.

We saw a 152% daily run from .011 to a new high of .0277, and from the low we witnessed less than a week ago, a total increase of 201%

AGTK falls under the category of cannabis related stocks, which we’ve been tracking more heavily of late and intend to continue doing through the upcoming elections.
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OWC Pharmaceutical Research Corp. OWCP – We followed OWCP on its epic run beginning two Thursday’s ago and continuing through all of last week, which carried it from .0045-.073 (+1522%).

We strongly suggested that a dip-and-rip would be in the cards when the stock finally began to pull back off of its highs, and this week our assumption was proved accurate. From Tuesday’s swing low of .0322, yesterday the stock surged back to actually set a new high of .074. That means the dip-and-rip we were waiting for allotted us potential gains of up to 130%

Delta Air Lines, Inc. DAL – Fresh Options Idea

We’ve had extreme good fortune with bearish options ideas this week, and this morning we’re seeing another chance to take advantage of a backslide. Like the situation we saw with Alcoa, Delta’s chart is looking toppy at the moment, and when combined with the reaction to this morning’s earnings call we think we may see some nice activity out of DAL Weekly $39.50-38 Puts. The company beat on Q3 profits, but fell short on revenue, and is dipping in the premarket as a result.

Extended Watchlist:
ASCK, MCOA, NWAV, SOUM, HCTI, SOAN

Blue Horseshoe Stocks: AA Options Update & More

Alcoa, Inc. AA – Options Idea

We took the opportunity to target some AA puts yesterday morning after noticing a technically weak chart, combined with a let-down on the company’s earnings report. Post-earnings options ideas are quite simply one of our favorite ways to see rapid moves to the upside, and Alcoa was no exception to that rule.

Our specific targets were the AA Weekly $32-30 Puts, and every set of contracts within that range afforded us the chance at hefty single-session profits.

$32 Puts – Range: 2.64-3.77 – Max Gain: 43%
$31.50 Puts – Range: 1.93-3.59 – Max Gain: 86%
$31 Puts – Range: 1.57-3.98 – Max Gain: 153%
$30.50 Puts – Range: 1.16-2.58 – Max Gain: 122%
$30 Puts – Range: .65-2.11 – Max Gain: 225%

With the stock gapping down slightly in the premarket once again, we’ll be on the lookout for those ranges to be extended. Should the stock’s heavy decline continue, we’ll continue to track those, as well as explore the possibility of rolling down our strike prices to stay closer to the money.

BioStar Pharmaceuticals, Inc. BSPM

We want to circle back around to provide an update on the recent activity of BSPM, which we placed on watch back on the 15th of last month. We would subsequently observe a low of 2.54 the following morning, and after a steady stair-stepping performance in ensuing sessions, the stock went meteoric during trading yesterday.

It made an excellent 96% intraday push from 3.60 up to its new high of 7.06, which marked an overall increase of 178% above the low we witnessed just under a month ago. The move was catalyzed by the launch of the company’s rhinitis and sinusitis treatment in China; an absolutely huge market.

Extended-Term Options Ideas

We want to signal some longer-term options ideas for tracking in the weeks ahead on both Nike and Lululemon. NKE just registered new 52-week lows yesterday, while LULU has come down its lowest PPS since February. Therefore, we’d like to monitor the activity in the following options contracts.

Nike, Inc. NKE – 12/16 $50-57.50 Calls

Lululemon Athletica, Inc. LULU – 12/08 $55-62.50 Calls

Extended Watchlist:
AMMJ, ICBU, TNRG, RNN, CUDA

Blue Horseshoe Stocks: Options, Bottom-Plays & More

OPTIONS IDEAS

Wynn Resorts, Ltd. WYNN – This play was part of a casino-related watchlist we put together at the beginning of this month, and it has essentially spent the last two weeks in a constant uptrend, culminating in a new 52-week high yesterday.

Despite having been in blue sky territory for so long, we’re still interested in setting a range of options calls to track over the next couple of sessions. The outlook on Macau gaming is bullish, and as a result, a lot of folks have casino stocks like this one on high alert. We’ll have the WYNN Weekly $108-110 Calls on watch today and tomorrow.

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Aerie Pharmaceuticals, Inc. AERI – We’ve got a news-related runner in AERI this morning, which is soaring in the premarket today on the heels of positive trial results for its eye pressure drug.

To be ready to take advantage of the intraday activity in this play, we’ll be monitoring the AERI Weekly $30 & $35 Calls for possible daytrade opportunities.

AMC Networks, Inc. AMCX

We’re interested in flagging AMCX today after noticing the stock has just fallen to a new annual low on Monday, and indeed its lowest prices since January of 2013.

In the ensuing two sessions, higher highs and higher lows have been achieved off of that bottom. The stock is heavily oversold at present, and we’re going to place it on a long-term recovery watch.

Axion Power International, Inc. AXPW

We’ve been awaiting a bottom on AXPW for quite some time now, and it appears to have finally come this week. Just like the above-mentioned play, the stock hit a new 52-week low on Monday, and has made some steady progress in making its way off of that bottom over the past couple sessions.

This stock was trading at the .03-level less than three weeks ago, and a return to that area on the chart would be good for multi-bag gains from current levels, so we’ll be continuing to keep a close eye on this one as well.

Extended Watchlist:
BSPM, NAVB, ACST, HOTR, BAS, ENRJ

Blue Horseshoe Stocks: DRL, PBR & More

Doral Financial Corp. DRL

One of our main interests from this week has been DRL, and this stock put forth a very solid session yesterday. After seeing lows of 6.81 in the morning, the stock broke out in the afternoon to 9.29. That was good for an intraday run of 36%

Some of you may recall our initial alert on DRL back on July 23rd, subsequent to which we would observe a low of 4.61. Yesterday’s high marked a 101% move up from that level, over a span of less than a month.

Congrats go out to everyone who was tracking DRL along with us, as it provided a plenty-big chance for all to profit.

Lucas Energy, Inc. LEI

LEI appeared for the first time in our reports yesterday, and performed pretty well for a first-time call. Right at the open we tracked LEI from its low at .52 and saw a rapid spike to .69, which marked a gain of 32% right off the bat.

Those who missed the opening move still had a chance for a 15% intraday flip as LEI came back to bounce off support at .55 and ran back to .63 just prior to closing.

Petroleo Brasiliero S.A. (Petrobras) PBR – Tracking Options

We’re still all over the PBR options chain (in fact it has appeared in our reports more than 40 times since March) but we don’t see why anyone would be getting sick of our coverage, as every single one of our recent ideas on this play has paid out in a big way.

Yesterday was no exception; let’s break down our pre-market calls and see how they fared. We mentioned the $16.50 and $17 Weekly Calls for a quick intraday flip opportunity, and traders would have been very pleased to play either set of contracts. The $16.50’s ran 45% in a range from .91-1.32, while the $17’s traded from .50 up to .83; a possible gain of up to 66%

The January $19 Calls that we radared as a longer term option made a small move as well, trading in a range from 1.43-1.58 (+10%)

Those of you who may not recall our week-to-week swing trade idea from last Friday, let us refresh your memory. We mentioned that a play on the 08/22 $15.50 Calls could be good for a swing trade into this week, and the reulsts have been nothing short of astonishing. The contracts saw a low of .38 on Friday, and yesterday, showed us a huge increase, touching 2.17 for total possible gains of up to 471% Cheers to anyone who took our idea with more than a grain of salt!

Side Note:

From yesterday’s extended watchlist, FOLD also had a pretty solid session as it ran steadily from 5.02 in the early morning, to 5.99 around midday. A modest yet comfortable gain of 19%

Extended Watchlist:
DGLY, CPST, JRJC, AMSC, BSPM

ICLD, PGCX, FREE & Extended Watchlist

InterCloud Systems, Inc. ICLD

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ICLD appeared in Friday morning’s extended watchlist, and by the time we sent out an afternoon update, had already impressed with a 97% gain from 4.41 to 8.67. The stock’s continued momentum would carry it even further, reaching a daily high of 10.35, a total possible gain of 135% off of the morning low. All that on nearly 58X the 3mo. average volume.

It appears as if further gains will be added to that figure today, with the stock gapping up into the 13.00-range this morning.

The catalyst for this monstrous move from ICLD appears to be extremely improved 3rd quarter figures over the same period last year. Announced on Thursday, highlights include a revenue increase of nearly 450% and gross profits nearly 5x that of the previous year. >>> Read 3rd Quarter Results

Virtual Sourcing, Inc. PGCX

PGCX, a stock that provided us with an intraday gain of 26% on Friday, bouncing to a high of .1225, closed one tick under that mark at .1224. We still have our eye PGCX today as the company has announced the completion of an important step along the way to a planned exchange uplisting. The full press release is included below:

WASHINGTON, DC, Nov 18, 2013 (Marketwired via COMTEX) — Virtual Sourcing, Inc. (OTC Pink: PGCX) has received an increase to $25 million in acquisition financing in preparation for additional acquisitions currently being reviewed. Our capital formation agreement for acquisitions and operational funding remains at $25 million bringing our current total engagement package to $50,000,000.

We are expecting to close the initial acquisition in mid-December. Our auditors are continuing to work diligently with the expectation of releasing the audit report near the end of the first week of December 2013 allowing us to close the transaction shortly thereafter.

Discussions have been held on the need to increase the capital formation package. These discussions indicate that it is likely the capital formation engagement would be increased to at least sufficient funds to complete the second acquisition in Spring 2014. The requirement to close the second acquisition would cause the capital formation package to rise to approximately $75 million meeting our total funding needs of $100,000,000 to complete both acquisitions plus supply funding for product expansion and operations.

We are developing an initiative to reach institutional investors and the brokerage community. The initiative will have a full launch in January 2014 with site visits to several locations. This project is the next primary step to raising our share prices to the sustainable level required to meet the qualifications for acceptance to the AMEX/NYSE stock exchange.

FreeSeas, Inc. FREE

Beginning on September 10th, FREE began a monumental 320% run for us, going from a low of .2213 all the way up to .9287. In the weeks that have followed the stock has been searching out support, finally finding its bottom just below .30.

On Friday, the stock closed near the high of day, and this morning we are seeing a slight gap-up, so we now have FREE on rebound-watch. Regaining even a fraction of September highs would mean significant gains from current levels.

Extended Watchlist:
BSPM,CTIC, CPRX, OTIV, OXBT, SNTA, FNMA, FMCC