Tag: ELX

Blue Horseshoe Stocks: EYES, BIOC Recaps, RSHCQ & More

Biocept, Inc. BIOC

BIOC continued to roll for the third straight day yesterday since we tagged the play in Monday’s extended watchlist. We witnessed a trading ramnge from 3.90-4.91, which marked an intraday move of 26% on nearly 12x its monthly average volume.

Calculated from the low of 1.71 which we observed on Monday, yesterday’s high represented an overall increase of 187% in a span of just three sessions.

Second Sight Medical Products, Inc.  EYES

We added EYES into the mix in Tuesday’s report, and it too continued to trend up yesterday. The stock traded in a daily range from 11.25 to 14.75, a healthy 31% intraday run.

From our observed low of 9.55 on Tuesday, yesterday’s high was equal to a 54% session-over-session move.

RadioShack Corp. RSHCQ

We want to update our readers on RadioShack today, which despite its ongoing bankruptcy proceedings, has been a winning selection for us this year. We first jumped on it in our report published on the morning of February 9th, whereupon we witnessed a low of .1251 and on Tuesday, the stock hit .37, which comes out to a twelve-session increase of 196%

Yesterday we received word of the approval from a U.S. Bankruptcy Court judge to auction off roughly 2,000 RadioShack stores, with an initial bid of $200M having been entered by the Standard General hedge fund.

Lawyers for RadioShack claim that the company has received bids on the leases of more than 200 of the 1,100 locations slated for immediate shutdown, including interest from a unit of GameStop Corp. >> View Article

We’ll be interested to monitoring RSHCQ as events continue to unfold in coming weeks.

Yesterday’s Extended Watchlist Movers 

We also had a number of plays from yesterday’s extended watchlist make notable moves:

Legend Oil & Gas, Ltd. LOGL enjoyed an early pop, running straight out of the gate from a low of .0038 to as high as .0049; good enough for a quick intraday scalp of up to 29%

BenefitFocus, Inc. BNFT produced a substantial spike for a stock trading in its price range, rising steadily from its low 32.15 to hit 37.94, a gain of 18%

SFX Entertainment, Inc. SFXE also recorded a modest intraday increase of 14% as it traded in a range from 4.36 to 4.95. It’s worth mentioning that while the CEO of SFXE is attempting to take the company private, the board has come under investigation regarding the equitability of the proposed terms of that deal. Anyone considering SFXE should make themselves fully aware of that situation as it unfolds. >>> GO TO PR

Extended Watchlist:
ELX, PVA, ATOS, FRO, NXTD, GOGO(Signed deal with Delta)

Blue Horseshoe Stocks: FRO Review & More

Frontline Ltd. FRO

FRO has definitely turned out to be one of our biggest success stories of the past several weeks. Just to refresh people’s memories, we caught this play coming off of some of its lowest prices of the year back on December 1st. Our observed low on FRO was 1.33 at that time, and in two huge upward moves the stock has traversed quite a bit of territory since then.

Yesterday FRO achieved a high of 5.05, which marks a total increase of 280% in just under six weeks! As we did after the initial push, we could now see a possible dip-and-rip scenario. We’ll remain interested provided the stock maintains support at or above the $3-area on the pullback.

As we can see on the chart above, there is a potential Golden Cross in the making, and with tens of millions of barrels of crude to be held on tankers over the next few months given the current oil landscape, this may not be the last time we point to big moves from FRO.

BARCHART.COM is currently giving FRO a “100% Buy” rating.

Twitter, Inc. TWTR – Options

Following up on one of the options ideas we were mulling over on TWTR last week; the TWTR February $40 Calls. When we first mentioned them last Wednesday (Saw a low of 2.15), we mentioned that they “could be in line for significant gains if TWTR continues to recover off of recent lows” and we did in fact see some substantial movement.

Those Feb. $40’s hit a high of 3.70 during the day yesterday, for an overall increase of 72% in a span of just four sessions! Even further gains could be forthcoming provided TWTR continues the current trend, so we’ll want to reserve it a slot on our watchlist as we head into mid-week.

Extended Watchlist:
NLST, CTIC, NSPR, RSH, ELX, ANV