Blue Horseshoe Stocks: 2800% Gainer & More

Canopy Growth Corp. CGC

CGC has been a hot topic for us since last Wednesday when we alerted readers that we’d be tracking the CGC 09/21 $30-40 Calls.  This is now the fourth time since then that we’ve had to come back and update the total possible gains on our ideas, because the stock has been in bull mode throughout.

CGC shares alone have risen from a low of 29.05 up as high as 42.85, marking a 48% increase in just six trading days. On a nearly thirty dollar stock, it’s an eye popping turn of events.

It’s the gains in our designated options contracts that have been really impressive, adding new highs nearly every day. Here are the enormous ranges and possible gains on our ideas since last Wednesday:

$30 Calls – Range: 1.76-12.70 – Max Gain: 622%
$35 Calls – Range: .56-8.20 – Max Gain: 1364%
$40 Calls – Range: .16-4.70 – Max Gain: 2838%

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Williams-Sonoma, Inc. WSM

Fresh for yesterday morning’s report, we included an idea to correspond with Williams Sonoma’s strong quarterly earnings report, and it’s a good thing we did. Those also provided us and our readers with the chance at multi-bag intraday gains!

Our targets were the WSM 09/21 $67.50 & $70 Calls. The $67.50’s traded in a range from 2.40-6.40 for a gain of 167% while the $70’s made their run from 1.05-4.60, representing a gain of 338%
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FRESH OPTIONS IDEAS:
AMD Weekly $22.50 & 23 Calls
ADSK Weekly $147-150 Calls
SPLK Weekly $114-117 Calls



Seven Stars Cloud Group Inc SSC

After targeting SSC for observation on July 24th and subsequently witnessing a move of 170%+, we suggested that folks be lookout for a dip-and-rip to possibly see even more gains.

It has come to pass exactly as we expected, and the dip-and-rip pattern took the stock to a low of 2.71 before shooting back to 4.35. That’s an upswing amounting to 61%


Extended Watchlist:
CRON, MDXG, ICHR, TLRY, SDRL, BKE, MAXR

Blue Horseshoe Stocks: Cannabis Reminder

Cannabis Reminder

With the cannabis counterculture holiday of 04/20 capping off this week on Friday, you can bet that our tracking of the cannabis sector is going to ramp up right along with many of these stocks.

It was back on the 4th of this month that we published an extensive list of marijuana industry stocks to track in anticipation of this event. For those outside the loop, “Four-Twenty” is a massive celebration each year on April 20th, to commemorate the cultural tradition of partaking in cannabis at 4:20pm on any given day. Cannabis companies use this as the perfect marketing ploy, and as a result, many do their highest sales of the year on the heels of this holiday.

A few of the plays we highlighted earlier this month have already begun to see appreciable moves on the chart. Take OWC Pharma (OWCP) for example. Since the 4th, the stock has increased from .20 to .30, a 50% rise in under two weeks.

We would expect to see similar, and even better gains coming from many cannabis stocks all across the board. That’s why we wanted to open up this week with a reminder to keep a close eye on anything even remotely tied to the space.

Just refresh, some of those stocks include, but are not limited to:

AGTK, HEMP, SGMD, SING, GRNE, GOHE, MCOA, MCIG, POTN, PNTV, RMHB, CANN, CBIS, ATTBF, GLDFF, GLNNF, NXTTF, MRRCF, SPRWF & CRON


Extended Watchlist:
SSC, NETE, ITCI, ERI, MBII, NAV, ONVO, LOXO, CLS

Blue Horseshoe Stocks: SPY, CHFS & More

SPDR S&P 500 ETF (SPY)

We want to start things off today by looking to take advantage of the big rebound in the markets yesterday. When we want to play the markets as a whole, we generally look to the SPY options chain, and that’s what we’re going to do today as well.

We are seeing a significant gap up this morning, and are going to be looking for a classic dip-and-rip scenario due to profit taking. Our targets are going to be the SPY Weekly $264-266 Calls provided that support can hold above this morning’s premarket low of 263.56 on any pullbacks in order to remain interested.



CHF Solutions Inc. CHFS

We also want to highlight CHFS this morning as a possible bottom play. The stock is gapping up in the premarket past its 50DMA, and there is a massive gap on the chart to the upside from just under $5 to just under $8.

We’re going to put CHFS, which prior to today had already been approaching heavily oversold territory, on watch over the next few sessions for the possibility of a more sustained rebound.


Cronos Group, Inc. CRON

We’re getting a strong bottom bouncer signal from CRON as well this morning, and we wanted to highlight this chart also.

CRON is currently exhibiting most of the things we look for in a bottom play, and we’re excited to see where it could go in the near term, as it looks like there could be some serious upside here.


Extended Watchlist:
FNSR, INNT, SPOT, TOPS, FNJN, GMS, NETI, AYTU