CEDC | Blue Horseshoe Stocks

Seven Arts Entertainment, Inc. SAPX

We’ve got to pat ourselves on the back for yet another job well done, this time, in the case of SAPX, a stock that has turned out to be a multi-bag gainer for us over the past ten days.

We first mentioned SAPX back on Thursday the 14th, (Morning, Afternoon), and then again on Friday the 15th. At that time, the stock was trading as low as .0035. Yesterday we saw it hit a high of .0102, which, from the low less than two weeks ago, represents a sizable gain of 192%

___

Medical Marijuana plays are still on our radars, although over the past couple of weeks, we’ve had a lot of other stuff that has been holding our attention. As a whole, we are still extremely interested in the sector, as the national conversation on the subject has reached a previously unheard-of level. We ran across a video news report outlining the fact that Ohio, after we’ve seen several other states make the move, may be the next state to follow suit and legalize marijuana for medicinal use.

Latteno Food Corp. LATF

In the case of LATF, we have (yet another) stock that we brought you first, that we are now seeing picked up and mentioned in newsletters by other groups. We always like to remind everyone, that if you are looking for the shrewdest picks, way ahead of the crowd; we have been, and will continue to be the best choice available. It was we who brought you the stock at the beginning of February, at prices as low as .023, only for it to turn around and spike sharply to .23, gaining us as much as 900%

Since that time, we’ve seen it settle back down to a low of .035, reached yesterday, so now is the time that we want to start monitoring LATF once again for an upcoming bottom bounce. In fact , we may have stepped back into the fray at just the right time this morning, as we see the company coming with fresh news:

Acquisition Allows Immediate US/Southeast Asia Expansion, Products Rollout and Revenue Building

SANTA ANA, Calif., March 25, 2013 /PRNewswire via COMTEX/ — Latteno Food Corp. (OTC: LATF) announced today that it has acquired California-licensed Green Cannabis Collective Inc. to further expand its medical marijuana edible market.>>MORE

___

Extended Watchlist:
SSOL, EPAZ, TVTV, NEWN, CEDC, GSV,

Options Trading

Last Thursday, we mentioned that we were looking into the SPY 153.50 Calls as we saw the SPY gapping up. They traded as low as 1.04, and ended up closing at 1.45. Then on Friday, they opened over two dollars, hit 2.09 in the first ten minutes of trading, and by later that afternoon had pulled back to 1.28. We then saw a subsequent run to a new high of 2.13. Savvy traders could have flipped the SPY 153.50 Calls twice in as many days, with gains totaling more than 150%

We are looking for a consolidation from the SPY in the beginning of this week, and plan to revisit it later in the week for a bounce.

___

Xtreme Oil & Gas, Inc. XTOG &

Sun River Energy, Inc. SNRV

These two oil & gas plays hit our scanners recently. The energy sector is remarkably hot right now, and here are just a couple of related stocks that are maintaining our interest as we begin this new trading week.

After each made significant moves last week, we are going to be on the lookout for continued momentum and/or bounce plays moving forward.

___

Liquidmetal Technologies, Inc. LQMT

This is another stock that we pulled off of our scanners this weekend. The action on Friday pushed the stock above its 20DMA. We are looking at the nine-cent 50DMA as the next key level of resistance, and if it can push past that, we feel it could go back to .105, a recent swing-high from a couple weeks back. We’d like to see support continue to hold in the .07-.08 range.

___

Peregrine Pharmaceuticals, Inc. PPHM

PPHM is a big board stock that has done exceedingly well for us on several occasions, dating back to early last year when we first began tracking its movements.

During Friday’s session session, PPHM showed strength as it cracked through its 200DMA at 1.50, which is a bullish confirmation. We’d like to see that level hold as support. The next key resistance sits at the 50DMA of 1.78.

The MACD is kissing, and appears ready to converge for a cross, and the RSI is steadily strengthening, touching the 50-line as it makes its way up towards the power zone.

___

Extended Watchlist:
VDSC, JALA, PMEA, TRLR, CEDC, CLSN

Tag: CEDC

SAPX, LATF & Extended Watchlist