Tag: CNXS

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

Blue Horseshoe Stocks: MYHI Run Continues, Options & More

Mountain High Acquisitions Corp. MYHI

Yesterday morning’s first mention was MYHI, which we had tracked the day prior over an impressive 94% span ranging from a low of .09 to .1745 on the first trading day of the new year.

We said we’d stay on MYHI’s trail after that momentous push, and the stock responded well with another bullish session yesterday wherein it achieved a new high of .239, and closed with strength yet again. From Tuesday;’s low of .09, yesterday’s high represents a two-session upswing of 166%

We’ll reiterate yesterday morning’s sentiment in saying that we’ll continue to monitor MYHI for further recording of higher highs and higher lows, and at some point, we expect a consolidation that should lead to a dip-and-rip pattern on the chart.

Connexus Corp. CNXS

Also appearing in yesterday’s premarket report was CNXS, which went on to have quite a solid session itself, particularly in the early goings.

The stock traded in a range from .001 to .0028 inside of the first 90 minutes of trading, which comes out to an intraday rip of 180% It managed to close just above both its current 50 and 200DMA’s so we’ll definitely want to keep a space on our watch screens reserved for CNXS in sessions ahead.

Abercrombie & Fitch Co. ANF – Options Update

ANF did our bidding to a tee yesterday. While we did signal a range of extended-term options contracts, we made it a point to mention that the gain opportunities could be there right from the start. We turned out to be spot-on in that regard.

We highlighted the ANF 02/17 $12-15 Calls, which all provided chances to profit right from the word go. That being said, with loads of time before expiration, we’ll be very interested to see how a continued uptrend for ANF and the magnitude of the added gains that would facilitate.

$12 Calls – Range: 1.10-1.40 – Max Gain: 27%
$13 Calls – Range: .60-.79 – Max Gain: 32%
$14 Calls – Range: .32-.44 – Max Gain: 38%
$15 Calls – Range: .12-.20 – Max Gain: 67%

StoneMor Partners L.P.  STON

We’ve spotted a bottom-bouncer in STON this morning that appears to have loads of upside potential. We’ve included a chart below, and pointed out the various aspects that have us interested in tracking the stock’s activity in sessions ahead. On top of that, we’re also taking into consideration the Form-4’s for a string of big insider buys that were made in the past week.

Should it prove able to break through resistance around the present 50DMA in the low 10.50’s, things could get more than a little interesting.

Extended Watchlist:
SFOR, EXAD, GYOG, LEXG,
NUGT($9-9.50 Calls, if it can break 50DMA)