Blue Horseshoe Stocks: CNXS Recap & More

Connexus Corp. CNXS

After initially tagging CNXS on Thursday May 25th amid a major spike of bitcoin hysteria, we witnessed a low of .0007 in the stock, and in the six sessions that have followed it has been building up quite a head of steam.

From that initial observed low, CNXS has gone on to hit a high of .003. which represents a very nice move of 329% while volume over this recent period has been heightened considerably.

We’ve been noticing a few other newsletters finally catching on, but to our knowledge we were the first to the party on CNXS. We’ll continue to monitor its progress moving forward, and will remain interested provided it holds support at or above a previous area of resistance at .0018 on any pullbacks.


FitBit, Inc. FIT – Options Idea

After sitting on the sidelines for many months on FIT, and watching the stock get crushed, we’ve seen it beginning to come up off of its recently established 52-week lows and are beginning to see it as a potential value play.

If our inkling is correct, a play of FIT stock itself would likely work out rather well over the longer term, but as our readers are aware, we like to try to score big with options plays when an opportunity presents itself.

In this case, we’d like to signal a range of extended-term contracts with an August expiration, namely, the FIT 08/18 $5-7 Calls. This will give us plenty of time for FIT to restablish itself and hopefully mount the recovery that appears possible given the current look of the chart.



Celsion Corp. CLSN

Speaking of bottom plays, we’re noticing that CLSN has recently registered a new annual low on Wednesday, and has been attempting to gain some traction and come up off of that bottom.

With the stock very close to extreme oversold territory, we’ll want to place it on watch as a possible rebound play.


Extended Watchlist:
DVAX, HMNY, PERI, RFP, EXTR, FOR

Blue Horseshoe Stocks: Updates, Special Reminder

Connexus Corp. CNXS

We tagged CNXS in a bitcoin-related watchlist in Thursday’s premarket report, and the stock finished out the week on an extremely high note. From our observed low on Thursday, it made a fantastic two-day swing for us.

CNXS traded up from .0007, cracked through from super-subpenny to subpenny range, and hit a high of .0017, a 143% move which occurred on heavy volume.

We weren’t very surprised to see some nice plays come out of that watchlist, as bitcoin stocks are trending considerably at present.


Viva Entertainment Group, Inc. OTTV

Speaking of super-subpenny plays, from Friday’s extended watchlist came OTTV, a stock which hasn’t been trading too far above its 52-week lows recently.

We saw a solid run from OTTV on our first day of observation with the stock trading up from .0004- to .0007 for an intraday rip of 75% on slightly greater-than-average volume.


Big Lots, Inc. BIG – Options Update

Before breaking for the long weekend we wanted to try to continue a pattern of post-earnings options trading success we’ve had this spring. We did so with the BIG 06/16 $55 & 57.50 Calls, and were very pleased at those contracts’ performances for our first day of tracking.

The $55′s put up a fantastic run from .02-.10 for a 400% banger on the day, while the $57.50′s made a nice round double-bagger trading from .05 to .10 on the day. With more than two weeks still remaining until expiration, we’ll continue to keep watch over these plays.


SPECIAL REMINDER:

We want to give our readers advance notice on a special report headed your way tomorrow! We’ve got a new pick all loaded up for tomorrow morning on a cannabis-related stock trading under .05/share that you definitely won’t want to miss!

Be sure to scan those inboxes or watch our blog at BlueHorseshoeStocks.com shortly after 9AM Eastern tomorrow morning!


Extended Watchlist:
GYOG, PGPM, ECYT, ATW, NSPR, PTGX, NIHD, BIOS

Blue Horseshoe Stocks: BBY Options, XTRN Recap & More

Las Vegas Railway Express XTRN - Update

As we were just mentioning yesterday, a member of our daily live trader’s chat* allowed participants to snag gains of up to 300% on Tuesday as XTRN ran from .0003-.0012.

We also noted the immense volume flowing through the stock, along with a bullish close and suggested that a continuation of momentum was possible. Sure enough XTRN followed up one strong session with another, trading in an intraday range from a low of .001 and reaching as high as .0027, which works out to an intraday run of 260%

That is certainly a premium single-session gain opportunity that was available to all of our subscribers, but chatroom members* could have had a shot at the full two-day swing, which comes out to an incredible 800%

XTRN received an offer to be bought out and merge with XREE, another ‘X-Train’ company that runs scenic train tours, so we’ll be interested to see how that situation plays out.

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


Best Buy Co. Inc. BBY – Options Idea

Post-earnings options ideas for high-profile companies have produced some of the biggest gains that we come across, so we want to formulate one for BBY today. A unexpectedly strong Q1 release has catapulted the stock here in the premarket where it has touched eleven-year highs.

We are going to be very interested to track BBY Weekly $55-58 Calls for potential swing trades, especially if the stock behaves predictably and executes an early dip-and-rip.

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Bonus Idea – Abercrombie & Fitch Co. ANF

ANF posted a mixed earnings release, beating on sales but taking a heavy loss for Q1. Still, the markets as a whole seem bullish, and ANF is gapping up moderately in the premarket. We’ll be looking at the ANF Weekly $13 & $13.50 Calls.


Bitcoin Watchlist

With Bitcoin soaring to its all-time highs, it’s taking a lot of the related stocks along for the ride. In light of this, we want to hash together a bitcoin watchlist to keep an eye on amid this historic trend:

GBTC, CNXS, CCTL, HSHS, BTCS, BTSC


Extended Watchlist:
BCRX, AERI, SHLD, GES, IDXG

Blue Horseshoe Stocks: FL, CNXS Recaps & More

Franchise Holding International, Inc. FNHI

On Friday morning, we were giving our readers an update on the stellar performance of FNHI since we’d first called it back on the 8th. subsequent to which time, the stock was trading at a low of .0061.

Not only did FNHI follow it up with a solid intraday pop, but also extended our total observed range in just over three weeks by a significant margin.

Friday, FNHI traded from 0265-.0449 for an intraday push of 69% That new high, measured from our witnessed low, comes out to an overall upswing of 636%

The stock also closed with strength at .0421, holding most of its daily advance, so we’ll be watching it this morning as we prepare to kick off a new trading week.


Connexus Corp. CNXS

Speaking of big movers, our tag of CNXS in Friday’s report came just in the nick of time for us to catch a fantastic intraday performance.

The stock traded up from a low of .0051, cracked through the penny barrier, and reached as high as .0159, for a whopping run of 212% on the day!

That performance marked the third straight session of higher highs and higher lows, so we’re definitely going to be on the lookout for a possible continuation of that trend. Ideally, we’d like to see CNXS hold support at or above Thursday’s swing high of .0092 on any pullbacks.


Foot Locker, Inc. FL - Options Update

We also need to bring readers up to speed on the excellent  post-earnings options idea we formulated on Friday for Foot Locker, the FL 03/17 $70-75 Calls.

Those contracts provided daytraders with some cherry opportunities for quick gains with FL’s bullish intraday run from 70.37 to 75.37. The potential profits were as follows:

$70 Calls – Range: 2.00-5.00 – Max Gain: 150%
$72.50 Calls – Range: .95-3.60 – Max Gain: 279%
$75 Calls – Range: .26-2.00 – Max Gain: 669%


Special Note on Bitcoin

Prior to last week, the all time high for Bitcoin was $1160, last week that high was broken, and has been making higher highs since.

Winklevoss Bitcoin Trust ETF (Pending:COIN) is subject to approval. Essentially, if the SEC raises no issues by the end of the comment period, the ETF can move forward unhindered. It has caused an increased interest in the space, and as a result, we’ve got our eyes on stocks like the above-mentioned CNXS, along with others like BTSC and GAHC


Extended Watchlist:
CLRB, CEMP, USRM, ABHI, AMFE, IBRC

Blue Horseshoe Stocks: FNHI, Bottom-Plays & More

Franchise Holding International, Inc. FNHI

It’s about time that we came back to rehash one of our top performing stocks of the month in FNHI this morning. We’ve been continuously monitoring this play all February, since our initial alert which came on the 8th, subsequent to which we would observe a low of .0061 in the stock. We continued to follow up on this play, including reminders in last Friday’s report, and on Tuesday as well.

It’s been quite a ride since then, as FNHI has gone on to barrel into Pennyland, and eventually break both the two and three cent marks.

Yesterday the stock reached an impressive new high of .0357, which represents an overall upswing of 485% in just a shade over two weeks! Big congratulations go out to anyone who got involved and reaped some serious rewards off of this fantastic subpenny-to-penny mover!


Northern Dynasty Minerals, Ltd. NAK

We spotted a potential recovery play in NAK, which has gotten beaten up in recent sessions, but is exhibiting the traits of a stock that could be headed back up in sessions to come.

Whenever we see a bottom-bouncing stock which has established support at a previous resistance level, especially one this oversold, we’re always on the lookout for the possibility of a rebound. We’re going to keep NAK on our radars indefinitely, as we feel that a significant push back to the upside could be just a matter of time.


Fresh Options Idea

Foot Locker, Inc. FL – For a quick options trading idea this morning, we’re going to signal a range of longer-term contracts in the Foot Locker chain. Our targets, the FL 03/17 $70-75 Calls will have plenty of time to see the type of activity we’re looking for, with exactly three weeks until expiration.



Cemtrex, Inc. CETX – Quick Reminder

We tagged CETX as a bottom play in yesterday’s report, and we just wanted to update readers on its healthy performance. The stock traded up from a daily low of 3.51 to 4.43, a gain of 26% which is a good start to the recovery we were hoping to see.

We’ll continue to have our eyes on this one, as a return to 5, 6, or perhaps even 7 dollars is not out of the realm of possibility in weeks to come.


Extended Watchlist:
AAOI, SFOR, SNMN, CNXS, BTSC, GAHC