Blue Horseshoe Stocks: SNAP Review, New Ideas

Snap, Inc. SNAP – Options Update

We correctly called the bounce on SNAP in our premarket report on Friday and signaled a couple of contracts for observation, the SNAP 6/16 $18 & 19 Calls.

After those made intraday moves of 69% and 93% respectively to close out the week, we rehashed them in yesterday’s report along with mentioning that rolling up to the $20-level was something to consider, given the activity we were observing.

Not only did the $18′s and $19′s extend their gains, but the $20′s got in on the fun as well:

06/16 $18 Calls – Intraday Range: 2.00-3.10 (+55%) – 2-Day Swing: 163%
06/16 $19 Calls – Intraday Range: 1.38-2.34 (+70%)  – 2-Day Swing: 212%
06/16 $20 Calls - Intraday Range: .85-1.65 – Max Gain: 94%

With SNAP gapping up in the premarket once again, we expect to see these ranges extended even further today. Cheers to anyone who grabbed a piece of the action!


Weibo Corp. WB – Fresh Idea

To try to continue along with our options success, we’re looking at the Chinese social media network Weibo and its earnings beat this morning.

The stock has already been breaking out and it appears as if today’s earnings figures could propel it to even more gains over the short term, so we’re going to be looking at the WB Weekly $67.50-70 Calls.

Lithium Exploration Group, Inc. LEXG

It was only yesterday morning in our premarket report that we were encouraging our readers to get involved with our daily in-session trader’s chatroom*. Sure enough, more proof of why we periodically remind our subscribers of these daily Skype chats came to us in the form of LEXG.

As you can see from the screen snap below, it was just after 10am when we alerted our members to movement in the stock, and it subsequently ran from .0009 to .002, which represents an intraday rip of 122%

We always find winners to put here in our premarket reports, but to catch even more opportunities on the fly as they come up after the open, our trader’s chats are the way to go.

*Do you subscribe to our mailing list? If so, you’re eligible to participate and/or observe our daily trader’s chats via Skype. Simply send a contact request to username ‘stocksumo’ and we’ll take care of the rest.

Extended Watchlist:

Blue Horseshoe Stocks: FCGD Update & More

First Columbia Gold Corp. FCGD

We wanted to take an opportunity this morning to update our subscribers on the recent activity of FCGD. In the weeks since we published our initial report on October 30th, the stock has provided us with a couple of quality swing trade opportunities.

The first came the week before last, as the stock traded in a range from .075-.095, a gain of 26% After pulling back to find support at .07 this past Tuesday, FCGD made another push, reaching as high as .11 on Friday. That added another 57% swing, and brought our cumulative total of possible gains on FCGD over the course of just a couple of weeks to 73%

The good news is, the chart is still looking as if it’s gearing up for the next run, as we pointed out below:

Also, don’t forget, First Columbia is involved in an expanding oil & gas project in Kentucky, and is actually pulling resources from the ground. Their current ten-well program was nearly halfway to completion as of the latest PR update from FCGD, so we’re going to be waiting intently for further information regarding the project.

Another good way to establish a clear picture of the company’s progress and operations would be to listen to the exclusive interview we conducted with FCGD CEO Jason Castenir via our sister site, Stock Traders Talk. >>> CEO INTERVIEW

More Info on FCGD @
or connect with FCGD on Facebook, Twitter and YouTube

Solar3D, Inc. SLTD

We also want to make mention of SLTD; the stock came down to a low of .18 on Friday and immediately began to recover ground, so this is one we’ll enter into the log as a possible bottom-bouncer.

Provided it can hold support at or above the current 50DMA at .19, we’ll have it on watch to possibly continue to rebound as we begin a new trading week.

Extended Watchlist: