Tag: CMCM

Blue Horseshoe Stocks: BRAV Recap & More

Bravada International, Ltd. BRAV

We tagged BRAV in Friday morning’s premarket report after noticing increased volume and price action in the stock on our routine morning scan. It responded with one heck of a strong intraday performance, allowing traders a shot at a double bagger on the day.

BRAV traded up from its early morning low of .00128 to hit a high of .0028 shortly after 12:40pm, which was good for a 118% rip, and it came on 20X the 30-day average volume.

Deere & Co. DE – Friday Recap

We wanted to briefly mention our DE options idea for Friday’s session, the DE Weekly $118-121 Call.
 We normally include the exact gains made by our options calls, but are unable to on this play due to a technical difficulty, so we apologize for that.

That being said, DE ran from 119.00 to 122.24 on the day, and the potential for multi-bag gains in every single one of our highlighted contracts certainly were there for the taking.

FerroGlobe PLC (GSM)

A stock that’s hitting our scanner today is GSM, which recently came down to touch the lowest prices it had seen in eight months, and has been rebounding in anticipation of Q1 Earnings, which were released yesterday and are untraded-upon.

Additionally, the RSI on the GSM chart is about to break the 50-line, while the MACD has just undergone a bullish cross. A return to PPS levels of just three months ago would produce gains of 30% or more from current pricing. We’ll place GSM on watch over the next few sessions and will be interested to see how the activity plays out.

GlycoMimetics, Inc. GLYC – Recap

We were tracking GLYC late last week, and it turned out to be a rousing success. The stock saw a low of 7.21 on Thursday following our premarket alert, and on Friday it hit 14.64, for a two-session swing of 103% which is fantastic for a stock in this price range.

Extended Watchlist:
BIOC, CMCM, OCLR, GNC, MDR, SPHS,

Blue Horseshoe Stocks: Options Review & More

Options Ideas – Updates

On Tuesday, we mentioned the possibility of taking advantage of the recent market downturn by utilizing some extended options ideas as stocks began to recover. We flagged 09/18-10/02 Calls in the FB, GPRO, GMCR, AAPL, NFLX, and TSLA chains. It didn’t very long for these ideas to bear fruit; we identified the following opportunities during yesterday’s session:

FB Sept 18th $85 Calls – Range: 3.54-5.25 – Max Gain: 48%
AAPL Sept 18th $105 Calls – Range: 4.95-7.40 – Max Gain: 49%
NFLX Sept 18th $98 Calls – Range: 10.75-15.23 – Max Gain: 42%
GPRO Sept 18th $45 Calls – Range: 3.04-4.00 – Max Gain: 32%

All of these stocks are gapping up significantly in the premarket today, so we expect to see some further chances for profit in these contracts. We’ll have to remain open to the possibility of needing to roll up our strike prices/expiration dates to stay closer to the money as the situation dictates.

Recap: Abengoa (SA) ABGB & Direxion Daily Nat Gas Bull 3X ETF (GASL)

We were tracking both of these stocks in the premarket yesterday, and each made modest yet notable intraday moves. ABGB traded in a range from 5.91-6.58, while GASL made its way from a low of 4.12 and went on to hit 4.56.

Both of those moves registered as 11% intraday increases, and in each case we’re going to be looking for the stocks to record higher levels of support than yesterday’s swing lows as we head into week’s end.

Great Basin Scientific, Inc. GBSN

We also want to tag GBSN as a bottom-watch play this morning. We love to track stocks that have been beaten back to new 52-week lows and bear an oversold look on the chart, and this is a prime example of just such a play.

In a press announcement this morning, the company has addressed the recent selloff, and we’ll be interested to see how the stock reacts. The CEO stated: “We believe our recent stock performance represents a technical inefficiency related to unit separation, not the underlying fundamentals of the Company’s performance”. >>VIEW PR

Extended Watchlist:
FORD, ACAD, AMBA, CMCM