Blue Horseshoe Stocks: BMXI Recap & More

Brookmount Explorations Inc. BMXI

Having written our daily newsletters for such a long time, occasionally we run back across a stock that we haven’t seen in quite some time, and that was the case with BMXI. Before yesterday’s signal on it, we hadn’t mentioned it since May of 2012 back when it was regularly trading in the subpenny range.

It found its way to our radar screens and into our premarket report yesterday morning on word of a promotion (Disclosure: We were not involved in the deal), and what followed was one of the biggest breakouts the stock has ever had. From a low of .0831 it soared to a new all-time high of .1279 . That’s an intraday gain of 54% which came on enormous volume.


Delta Air Lines, Inc. DAL – Options Idea

Our regular followers know that we’re always on the lookout to take advantage of the hype-fueled moves that stocks tend to make following an earnings report, using their options chains. Delta whiffed on profits this quarter, falling well short of expectations on the Street, and despite issuing solid guidance for Q3, we want to signal a range of short-term puts to watch into the end of the week.

DAL stock was already at a top, and in a price range where profit-takers could be a factor as well. For that reason, we are going to radar the DAL Weekly $55.50-53.50 Puts.


OncBioMune Pharmaceuticals, Inc. OBMP

OBMP had an update that it issued this morning on its mid-stage cancer treatment (>>View PR), but our interest is really being drawn to this play for technical reasons.

As you can see below, the stock recently established a new annual low, followed by a rebound off of that low, and now it is making its way back down to find support. We will be interested in this as a potential rebound play in the event that the stock maintains support at or above a nickel. We’re presently looking at an impending bearish cross on the MACD so we’ll see if the stock can hang in there without losing more than a penny off of its current PPS.


Extended Watchlist:
SPEX, XGTI, CODX, OCLR, CIE, AAOI

Blue Horseshoe Stocks: Potential Bottom-Plays & More

 Bottom-Watch Plays

We want to start things off this morning by highlighting a couple of stocks on the higher exchanges that are both currently trading at a low multiple. Stocks that trade on the NASDAQ and NYSE at less than a dollar per share for at least a month can face de-listing procedures, so companies in danger of this tend to go to great lengths to buoy their stock price.

We’re always on the lookout for possible bottom plays so we’re going to be tracking both of the following in coming sessions.

Cobalt International Energy, Inc. CIE – The de-listing alarm bells haven’t quite gone off yet at with CIE, as the PPS just fell below a buck toward the end of last month. The stock also has a recent track record of brief periods of sub-1.00 trading from which it has promptly recovered each time.

This leads us to believe that the company may not even get to the point of receiving a notice from the NYSE before share price sees a recovery. We’re going to want to be on the lookout for that potential rebound.

______

Alliqua Biomedical, Inc. ALQA – In the case of ALQA, a NASDAQ play, the situation is a bit more pressing. Shares fell below the dollar mark at the beginning of September, and the company did receive its ‘failure to satisfy listing requirement’ notice back in October. The PPS has lagged ever since, and has only until the end of April to re-attain the dollar mark, or face delisting.

We’ll be interested to follow along to see what efforts are untaken to once again satisfy listing requirements. In the meantime, the stock has found a reasonably solid base of support off of recent lows, so we’ll be on the lookout for possible rebounds.


Viacom, Inc. VIAB – Options Idea

Our regular readers know full well that we love a good earnings-related options idea, and that’s what we’ve got this morning with Viacom. The company just posted an impressive earnings beat, along with strategic guidance updates that has the stock rocking in the premarket.

We’re going to be keeping our eyes open upon the opening bell, and tracking the activity in the VIAB Weekly $44-45.50 Calls.


Extended Watchlist:
MMEG, SDVI, ISBG, ETRM, CLF, TSLA,