Blue Horseshoe Stocks: SFEG Review & More

Santa Fe Gold Corp. SFEG

SFEG, a stock we’ve been continuously tracking since Friday morning, has provided us with ample opportunities to profit in each session since then. The first day, a move from .0115-.0165 was good for gains of up to 43%  To open up the week on Tuesday, it amazingly ran from .0194 all the way up to .044, an added move of 127%

Then in yesterday morning’s premarket report, we relayed to our readers that a dip-and-rip scenario could be in the cards granted the rapidity with which the stock shot up in the prior session. That’s exactly what came to pass, as SFEG peeled back slightly to an even .04 in the morning before gathering a head of steam that would carry it up to a new high of .065!

It went down in the books as an intraday gain of 62% and from our observed low of .0115 on Friday, it marked an incredible three-session swing of 465% Big cheers go out to anyone who took advantage of this momentum-mover! Stipulating that the stock must hold support at or above yesterday’s swing low of .04 to hold our attention, we’ll be on the lookout for further opportunities from this point forward.


Gold Resource Corp. GORO

Speaking of momentum, we’re going to circle back around to GORO this morning for an update on its recent progress. We flagged this play for observation just under two weeks ago and subsequently witnessed it trading as low as 3.19 , and in the last four sessions, the stock has done a good job of both recording higher lows and higher highs, as well as logging a higher trading volume each day.

From a low of 3.41 a week ago today, GORO hit a high of 4.69 yesterday afternoon, which marks a solid upswing of 38%  Over the aforementioned observed low, it represented a total move of 47% in a matter of six sessions. We’ll be following this play for as long as it continues to exhibit signs of bullishness, building a higher base level of support in sessions to come.


Marinus Pharmaceuticals, Inc. MRNS

We also want to quickly draw some attention to MRNS, which gave a strong bottom-bounce signal yesterday in addition to having a simply monstrous gap on the chart to fill to the upside, and positive signals abounding. The RSI has just escaped heavily-oversold territory, while the MACD has just crossed in a bullish manner.

We’ll definitely want to keep this stock on our radars as we head into the end of this short week, and possibly into next week as well, since the filling of the gap you see below would mean gains of over 100% from the current PPS.


Extended Watchlist:
IWAL, NUVM, PTCT, HAIN, BMRN, COSI(Bottom Watch)

Blue Horseshoe Stocks: Gold Watchlist, Options & More

Tesla Motors Corp. TSLA – Options Update

Our bearish sentiment on TSLA yesterday ended up working in our favor quite well, as the intraday volatility provided traders with not one but three chances to execute lucrative swing trades.  Our specified target range was the TSLA Weekly $200-195 Puts; those three opportunities on the day extended to all three sets of contracts, and were as follows:

$200 Puts – 4.45-8.45 (+55%), 4.15-7.50 (+81%), 4.36-6.35 (+46%)

$197.50 Puts – 4.06-6.35 (+56%), 2.83-5.39 (+90%), 2.83-4.51 (+59%)

$195 Puts – 2.44-5.13 (+110%),1.87-3.81 (+104%), 1.70-2.89 (+70%)

Amid the bombshell that Britain passed a referendum effecting its exit from the European Union (at least a two year process), world markets in general are all feeling the strain at present. TSLA has hit a low of $186 in the premarket, so our observed contracts all stand to produce further gains this morning.

To get ourselves a little closer to the heaviest action in the event of a continued backslide for TSLA, we may consider rolling down our strike range to include the $192.50 and $190 Puts as well.
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FRESH OPTIONS IDEAS:

As we’ve done many times before when attempting to use overall market conditions to our advantage, we’re going to be tracking some SPY Calls for potential daytrades. As long as the SPY can hold above $200, we could be in line to see some major volatility in the SPY Weekly $200-205 Calls. As always, we must issue a strong note of caution with regard to trading weekly contracts on a Friday. It should only ever be attempted by advanced-level traders!

We also want to submit another familiar face for a potential play with much less urgency. For a longer-term idea, we’ll be putting the PBR 07/15 $6.50 and $7 Calls on our radar.


Gold Watchlist:

We also want to provide our readers with a smattering of gold-related stocks to watch this morning. Currencies are taking a big hit, which usually means an influx of investor confidence in precious metals. As such, we will naturally look to plays like these for quick-hit opportunities:

LODE, PGLC, VGZ, XRA,TRX, GORO


Extended Watchlist:
PXYN, NHMD, DLCR, EMES, ENDV(Bottom bouncer)

Blue Horseshoe Stocks: Updates on BFLX & SKYF, Extended Watchlist

Yesterday’s two momentum plays both fared extremely well, collectively allowing us the chance to bank more than 200% in cumulative intraday gains. Read ahead for an update of those performances:

Bioflamex Corp. BFLX

BFLX opened at .0009, and dipped as low as .0007 before closing out the day at the high of .0013, marking an overall intraday move of  86%

As you can plainly see on the intraday chart below of BFLX’s trading activity, there were several swings on the day, which actually tallied cumulative gains of 153%

The stock closed up 44% on the day, and did so on over 425 million shares traded. That’s the kind of momentum that is strong enough to sustain multi-day runs, so we’ll be on the lookout for that. There will be a point where profit-taking will drive the price back down, where we can be ready to time a dip-and-rip, if that’s the scenario with which we are presented.

In order to keep our interest, BFLX will have to hold support in the .0007-.0009 range.

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SKY440, Inc. SKYF

 SKYF started out the day yesterday at .0013 and briefly dipped as low as .0012 before going on a romp, reaching a high of .0024, which marked a chance for a 100% intraday gains.

The stock closed at .002, up 54% on the day with 569 million shares trading hands, another example of the extreme liquidity that we like to see. For us to remain interested in this play, we’ll need to see support hold off of yesterday’s lows of .0012.

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Extended Watchlist:

HALO, GORO, XXII, TC, PLUG