Tag: FU

Blue Horseshoe: PHOT & Extended Watchlist

Growlife, Inc.  PHOT
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Many of our long-time subscribers know about our extensive marijuana-related stock coverage over the past year, but for those of you who are relatively new to our subscriber base, let us get you up to speed. PHOT was among a vast selection of marijuana stocks that we began tracking last October, and have followed continually since that time. Several follow-up reports would also include PHOT, as you can see with a quick tag search on our blog/newsletter archive.Over that time, we saw PHOT go from a little-known sub-penny stock, to a .12-cent hot-item stock in the portfolios of many people, including ourselves. We’ve prepared a video presentation of the PHOT chart illustrating exactly what it has achieved in the past year. Presently, we are monitoring the stock, and would like to see support hold in the .05-.06 range. The main areas of resistance with which it must contend are sitting at .08, .11 & .12.

We are bringing PHOT back into the conversation today, as the company has released some new press this morning that we wanted to share:

WOODLAND HILLS, Calif., Oct. 14, 2013 /PRNewswire via COMTEX/ — GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry including online and brick and mortar hydroponic stores, OEM grow equipment, commercial grow-op support, and media, is pleased to announce that the Company is expanding its products and services to include the GrowLife Infrastructure Funding & Technology program (GIFT) for select customers in Colorado and Washington. The program is expected to include several other states before the end of the fiscal year. >>>FULL STORY

Facebook, Inc.  FB – Options
On Friday, we stated the possibility that we could “see FB return to the $50-level or higher, which would likely cause those (10/11 $49 Call) contracts to yield multi-bag gains.” While FB stock fell just short of that mark, touching a daily high of 49.87, the triple-digit profits we had anticipated did in fact come to fruition. Those Calls initially traded in a range from .35-.93, a 166% intraday move. Following that occurrence, they would pull all the way back to the .02-mark, before a late-afternoon surge brought them back to .14, another intraday move, this time good for the opportunity to rake in up to a 600% added profit.

Congratulations to anyone who was able to use those monstrous swings to their advantage.

Extended Watchlist:

GOGO, FU, PLX, OIBR, NG, STSI

FB, AAPL Options, GOGO & Extended Watchlist

Facebook, Inc. FB – Options

On Wednesday, some of you may recall our interest in FB calls, as we stated “if the stock can break the $46 barrier… we’d be looking at in-the-money Calls like the 09/21 $45.50′s.” As you can see on the included chart, after seeing a low of .10, those contracts would go on to trade as high as .85 during yesterday’s session. That move was good for overnight gains in excess of 750%

With FB gapping up this morning and hitting new 52-week highs, we are going to want to continue giving our attention to the Calls. Of course, in the event that we see a reversal off of these substantial gains, we are going to be on the lookout for a dip-and-rip scenario, which could bring us even further gains with a properly timed bottom.

Apple, Inc. AAPL – Options

We’re also seeing a gap up in AAPL which is coinciding with the release of the latest versions of the iPhone 5(S/C), and with a sizable gap to fill on the chart, we could actually see AAPL go to $490 today. If it did approach that level, we’d be interested in the $480-485 Calls, which could provide us multi-bag gains.

Other than flipping the weekly Calls intraday, we might also want to consider contracts with later expiration dates if it appears AAPL is gaining a head of steam that would carry over into next week.

Gogo, Inc. GOGO

We first mentioned GOGO on Monday, and at the time the stock was trading as low as 14.79. Currently we are seeing the stock trading at 18.15 pre-market, (a gain of 23%) so this is another play that will be grabbing our attention today. For a big-board stock in this price range to see a gain of that magnitude inside of a week is nothing short of remarkable.

Gogo actually has an intriguing technology for providing super-standard Wi-Fi internet connections to airline passengers with in-flight data delivery speeds of up to 60Mbps. With the company just having announced that they will be bringing their products to North America in 2014 pending FAA approval, this is definitely a stock that we are going to want to put on our long-term watchlist, as we see how its story plays out.

Extended Watchlist:
FREE, CYCC, VRNM, ACRX, FU, PZG, RNA (Big gap-down, watching for bounce.)