Tag: CNAT

Blue Horseshoe Stocks: MCPI, PBR & More

Med-Cannabis Pharma, Inc. MCPI

Exactly one week after we first brought it to our reports, MCPI continued to impress during yesterday’s session. The stock made an intraday move of 35% from .65-.88, and did so on nearly three times the 3-month average volume.

Calculating from our initially-observed low, the 88-cent high represented a one week overall increase of 148%, so congrats to any readers who were able to take a piece of the action.

This is going to be a play we’ll continue to track; per the timetable released in the Aug 4th PR regarding the opening of three retail marijuana stores in Washington, we should be receiving another update sometime in the next couple of weeks.

Petroleo Brasiliero S.A. (Petrobras) PBR

It’s beginning to seem as if we can peer through a crystal ball into PBR’s future with the way it seems to obey our predictions of late. Our subscribers will recall yesterday’s report  wherein we mentioned our intent to monitor the $16 Weekly Calls for the second consecutive week, and that we’d be “on the lookout for a substantial move” provided the stock could once again surpass the $16-level.

As it has so many times in recent weeks, PBR behaved exactly as we’d hoped it would, smashing through $16, and eventually reaching as high as 16.48. As a result, our contracts made a solid move from .35-.62, an intraday spike equaling 77%

Following the same strategy from last week’s successful play on the $16 Weeklies, when the stock continued to run past the 16.30’s, those who had moved their strike price and rolled into the $16.50 Calls could also have collected a nice profit, with those contracts trading in a range from .12-.32 (+166%).

Elray Resources, Inc. ELRA

ELRA appeared in yesterday’s extended watchlist after we caught it off of a routine scan toward the end of last week. The stock offered up a nice dip-and-rip scenario yesterday. After trading as low as .0072, we saw a subsequent high of .0134, for total possible intraday gains of up to 86%

Extended Watchlist:
FRF, SUPN, SAND, ARTX, CNAT

Blue Horseshoe Stocks: New Play, Updates & Extended Watchlist

Solar Wind Energy Tower, Inc. SWET

We’ve got a new item of interest in the penny arena to start things off this morning. Following a major run back in April, SWET has consolidated, and has been generally trading sideways ever since. We like the look of the chart, and feel that conditions are coming to a point where things could get interesting.

As you can see on the chart below, the RSI has held in there above the 50-line, there’s been a recent Golden Cross of the 50DMA over the 200DMA, and the MACD appears ready to start turning to the bullish side. It may not be too long before we see a pop out of this thing, so we’ll keep an eye peeled for that.

We also got word this morning that the company will be presenting at a prestigious investment banking conference at the beginning of next week:

ANNAPOLIS, MD, Jun 13, 2014 (Marketwired via COMTEX) — Solar Wind Energy Tower, Inc. (OTCQB: SWET) (the “Company”), the inventor of large Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive electricity, announced that management will present at the National Investment Banking Association (NIBA) Conference to be held on June 16-18, 2014 at the Roosevelt Hotel in New York, NY.The NIBA Conference will give Solar Wind Energy Tower, Inc. access to a large audience at one time. NIBA’s membership is vast and multinational, and representing over 8,800 registered reps with an estimated $78B in assets under management. >>> FULL PR

Global Gaming Network, Inc. GBGM

With the vast array of stocks that we’re tracking all the time, it isn’t too much of a surprise when one of them perks up its head and regenerates our interest. Such was the case with GBGM yesterday; the last time we made mention of this stock in our daily reports was back on May 1st. At the time, we were monitoring the play for a bottom, which took the better part of the next month to reach.

GBGM touched down and found support at .0008 recently, and yesterday the sleeping giant was finally awakened as the company announced that it had retired 50 million shares of common stock, thereby reducing the number of outstanding shares 6%. What resulted was a significant upswing that took the stock as high as .0021 and generated gains of up to 162% for anyone that caught the bottom.

Options Ideas

OpenTable, Inc. OPEN

OPEN is gapping up tremendously this morning on news that the company is to be acquired by The Priceline Group. In situations like these, we like to monitor these high-flyers for subsequent dip-and-rip scenarios. Specifically regarding the options chain, when a strong move like this is properly utilized, it can spell big gains for those playing the Call side.

When something of this magnitude occurs, it can also create a sector-wide ripple effect, so we may also want to track stocks like LIVE, YELP, GRUB, and of course, PCLN.
 

Extended Watchlist:
GRPN, ICLD, LOCM, CNAT

Blue Horseshoe Stocks: CNAT, Options Ideas & Extended Watchlist

Conatus Pharmaceuticals, Inc. CNAT

CNAT is a stock that we first discovered as an FDA play back in early December, when one of the company’s treatments had been granted orphan drug status.  At the time, the stock was trading at less than $5 a share, and by January, we saw a huge run that took it over $14.

It brought a few other swings in the following months, but had fallen to the back burner for quite some time as it consolidated. Yesterday it set off our alarms once again, springing back to life and running hard on heavy volume, so once again CNAT has our full attention.

After reaching as high as 9.90 during yesterday’s session, we’ll be on the lookout for possible dip-and-rip opportunities. We’d like to see support hold in the 8-8.50 range moving forward and if it can do that, chances to score quick strike gains on the bounce could be present.

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

The PBR options chain has been a veritable cash cow for us this year as many of you already know, and we’ll continue to talk about it for as long as it continues to work in our favor. Yesterday was no letdown, as

All of the Call contracts that we’ve been monitoring ($14-15 Weekly Calls and the 07/19 $15 Calls) have been rocking, providing us with several shots at alarmingly high returns.

If PBR breaks over this morning’s pre-market high of 15.90, we may look to roll our strike price up to $16 (Possibly the 07/03 $16’s which closed @ .36 yesterday) and with how far the latest trend has taken us, we wouldn’t be too surprised to see that happen.

Extra Options Idea: Molson Coors Brewing Co. TAP

The TAP October $75 Calls showed an abnormal amount of trading activity yesterday, causing us to raise an eyebrow. Just for good measure, we’re going to throw those contracts up on our radar and monitor the situation.

Extended Watchlist:
KNDI, GERN, ZLCS, REPH, IDN, SNSS, SIGM, ARNA