Tag: FREE

Blue Horseshoe Stocks: CANV, ACHN, FREE & More

CannaVest Corp. CANV 

CANV is a stock that recently fell off of a cliff, and found itself trading at 52-week lows.  We like to monitor such plays during their recovery, which has already begun in this case. Trading near its annual lows, CANV appears undervalued, especially in light of the figures contained in the earnings report put out by the company yesterday.

Highlights included a Q2 net income of slightly over $8M, as compared to a net loss of $348K for the same quarter in 2013, and over $9M in cash on-hand. We suggest you read the release in its entirety >>> FULL PR

Check out these websites for some background on Cannavest (http://www.CannaVest.com) and its subsidiaries, which include US Hemp Oil, LLC (http://www.USHempOil.com), and CannaVest Laboratories, LLC (http://www.CannaVestLabs.com).. We’re always interested tracking a revenue-generating company in the cannabis sector, and CANV fits the bill.

The stock was trading as high as $20.00 just a few months ago; regaining even a portion of the ground it has lost from current prices in the mid-$3 range would mean the chance at a significant profit for nimble traders.

Achillion Pharmaceuticals, Inc. ACHN

ACHN is a stock we began to track earlier this summer (June 9th) as it was in the midst of a massive surge. At the time we caught it at a low of 3.72, and it ran to nearly $8 over just a two-session span. In the following months, it had been trading in a rough channel between the mid-$6’s and mid-$7’s, and just cracked over $8 yesterday for the first time in more than a year.

This morning’s PR regarding the company’s hepatitis C drug, which was been found to cure all patients in mid-stage trials is also contributing to a huge gap-up that has the stock pushing the $10 mark in the premarket. At that level, we’re already looking at a 168% move up from the the lows we observed in June, and we’re certainly going to have the stock on more intensive watch moving forward.


FreeSeas, Inc. FREE

After appearing in yesterday morning’s extended watchlist, FREE went on to break above the 50DMA at .66, and run 28% intraday from .631-.809.  We want to see higher highs and higher lows acheived as this is another play coming off of its 52-week lows. We’ll need to see it maintain support above the previous 50DMA of .66 in order to keep our attention.

The spike we’re seeing here comes in conjunction with yesterday’s announcement that FREE had regained compliance with Nasdaq’s minimum stockholders equity rule. >>> FULL PR

PBR Options Ideas:

Continuing our coverage of the PBR options chain, we wanted to throw out a few quick ideas as the week comes to a close. We may be interested in the August 22nd $15.50 and $16.00 Calls for a swing trade into next week.

Extended Watchlist:
USU, AMCF, MNDL, BDR, MGT, FSI

Blue Horseshoe Stocks: DRL, PLUG Earnings & More

Doral Financial Corp. DRL

Following yesterday morning’s mention of DRL and the opportunities it has sent our way over the past couple of months, the stock once again provided for us. This time, it came in the form of a classic dip-and-rip, making its way down to an early-morning low of 6.80 before spending the rest of the session on the rise. We saw shares changing hands at 7.68 just prior to the close, a modest yet solid intraday move of 13%

Estimates have DRL’s earnings release pegged for the end of next week, so it should be interesting to see how this play fares over the next handful of trading days.

Petroleo Brasiliero SA (Petrobras) PBR Update

PBR has fallen into a consolidation pattern over the past couple of sessions, and we are monitoring the chart for signs of a bottom. The stock crept below 15.50, its lowest price in a month.

We’d like to see PBR get back above the 50DMA of 15.68, but in the meantime, we’ll  need to see support hold above the 14.50-mark. Once we observe the telltale signs of another turnaround, we’ll be able to re-form our options trading strategies.

Plug Power, Inc. PLUG– Earnings Released

Our regular readers are well familiar with PLUG, a stock that has graced our reports dozens of times over the years, which we tracked over a mind-numbing range, .135-11.72, from early 2013 to March of this year. This morning will be a good time to turn our attention back to this hall-of-famer.

We want to keep an eye on PLUG in the wake of its earnings release early this morning. The stock is presently gapping up on the strength of record revenues, and looks to be gearing up for an interesting session. We’ve taken an excerpt from the PR, and provided a link to the full release below:

Total revenue for the second quarter of 2014 was $17.3 million, comprised of $12.6 million of product revenue, $4.4 million of service revenue and $0.3 million of research and development (R&D) contract revenue. This compares to total revenue of $7.5 million in the second quarter of 2013, which was comprised of $5.6 million of product revenue, $1.5 million of service revenue and $0.4 million of R&D contract revenue.

The Company shipped 687 units during the second quarter of 2014 compared to 246 units in the second quarter of 2013. >>> FULL RELEASE

Extended Watchlist:
KRED, ASTI, SYN, OIBR, FRO, FREE

Blue Horseshoe Stocks: ACGX Update

Alliance Creative Group, Inc. ACGX

We thought today would be a good time to revisit ACGX given the current positioning of the chart. For some of our newer readers; this was a play that has afforded us the chance at some stellar gains over the past couple of months.

Following a huge run to more than a penny back in April, we monitored ACGX for a bottom, which it found at .0035 (May 9th). Since that time, it has made a couple of significant swings, where it has run into some resistance at the .006-.0064 area. We are currently observing another strong move off of its most recent swing-low, with the stock having made higher lows for the past five consecutive sessions.

As you can see on the included chart, ACGX is on the fringe of cracking through its 50DMA, the RSI is about to flip up to the strong side, and the MACD appears to be setting up for a bullish cross. With these factors in alignment, we’re going to want to pay closer attention to ACGX over the course of the week.

Remember, per a recent PR, at the end of the month Alliance will be attending the 1st Annual Weedstock Conference in Denver (June 29-July 1), so we’ll be interested to receive an update on that come July.

More Info:
AllianceCreativeGroup.com


Provectus Biopharmaceuticals, Inc. PVCT

We spotted PVCT on a routine scan this morning, and wanted to include it given the current situation. The stock recently became the target of an upcoming class action lawsuit, and was actually halted on May 23rd. this led to a major selloff when trading resumed, triggering a gap-down.

It appears as if the firm handling suit has another couple of months to pull together plaintiffs for the case, so we’ll be long gone by the time that comes around. We are interested in PVCT purely for the potential for quick-strike opportunities as it corrects itself off of its recent lows in the .30-.70 range.

The re-filling of even a fraction of the gap on the chart could mean rapid profits for us, so we’ll be keeping an eye on this stock over the next few sessions.

Extended Watchlist:
IAG, DARA, SPEX, FREE, RNA, PBR