GPRO Archives - Page 6 of 6 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: Recapping RPI & JNUG

Roberts Realty Investors, Inc. RPI

RPI was a standout from yesterday’s extended watchlist; it began the day trading at an early low of .86 before gradually building throughout the session to a high of 1.16. The move marked the chance at up to 38% in intraday gains for us, and came on substantial volume to the tune of 36X the 3-month average.

The move came following a PR on Wednesday that iterated the details of a purchase agreement with A-III Investment Partners LLC, whereby the company intends to purchase $12M worth of RPI, giving a tentative execution price estimate of 1.40/share. >>> Full PR

For that reason, we will allow RPI to remain on our watchlist for the time being. A move to the figure mentioned in Wednesday’s PR would mean added gains of more than 35% from the present level.

Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG)

JNUG continued to perform well for us following its inclusion in yesterday’s report, making a modest yet notable 13% intraday move from a low of 4.86 and peaking at 5.50. This ETF has offered us the chance at several swing trade opportunities in the weeks since we first began tracking it in October, and like we said yesterday, will remain of interest as we approach a time of year when worldwide gold demand is generally at a high level.

We’re seeing a significant gap-up this morning as well into the 5.80-range. The recent low we’ve seen from JNUG came on November 5th at 2.84, meaning that in a span of just over two weeks, we’ve already witnessed a greater-than 100% increase.

Extended Watchlist:
JRJC, AMZN, FB, GPRO, PBR

Blue Horseshoe Stocks: Options Review, MKHD Recap

Reviewing Friday’s Options Calls

First thing today, we’d like to rehash a portion of Friday’s report that we didn’t get a chance to discuss yesterday. Our regular followers will recall the added note we included regarding a few options trading ideas we were considering. As a result of favorable jobs numbers released that morning, we pointed out our interest in trading Calls in SPY, AA, ISRG, & GPRO.

Regardless of which selection one used to take advantage of the trend, it was met with potentially lucrative results. The dip-and-rip pattern we were on the lookout for showed itself across the board. For example, one of the biggest standouts out of the bunch were the SPY $195 weekly calls had traded as low as .52, and made it to roughly 2.00.

Moving forward, we’ve got another set of options to monitor. One of our favorite options trading cash-cows this year has been PBR, and yesterday the stock had a big bounce following last week’s selloff. As a result we’re going to radar November $16 Calls, and see if we can once again use PBR to our advantage as we have countless times already this year.

Mount Knowledge Holdings, Inc. MKHD

After a significant performance following our first mention of MKHD (Range: .042-.085 +102%) the stock has done a good job of maintaining higher levels of support, and we just wanted to re-state why we are so keen to follow this light volume trader.

The thing that mainly drew us to MKHD last week was the PR the company released regarding its acquisition of cyber-security firm Civergy, Inc; an outfit which generated revenues in excess of $35M last year. Further details of the deal were released in an 8-K on Wednesday, and we’re anxious to see what kind of lasting effect the merger will have on MKHD.

Extended Watchlist:
GTAT, GSAT, BCLI, ISR (Bottom Play)

Blue Horseshoe Stocks: RSH Update & More

Radio Shack Corp. RSH

RSH has made regular appearances in our reports over the past couple of months, starting in the beginning of August, when we caught the stock off of its 52-week low of .55.

Following a major run-up to the 1.60-range on August 29th, the stock has been under a general consolidation amid bankruptcy rumors. This week, the company was hinting at possible refinancing deal that would allow them to avoid that situation for the time being, and this morning, that deal was confirmed.

As a result, the stock is up significantly today, having traded as high 1.65 in the premarket. We’re going to want to see support hold at previous resistance points at 1.15 and 1.30. Already, at today’s early highs, we’re seeing more than a 100% increase off of the lows we observed following our most recent RSH alert (.80)

Rockwell Medical, Inc. RMTI

RMTI is another morning gapper that we’re going to place on watch today. With the stock coming off of a recent bottom, it’s going to be interesting to see how today’s development affects its price action.

The company put out a hefty PR this morning regarding a commercialization/distribution deal with Baxter Healthcare (BAX):

WIXOM, Mich., Oct. 3, 2014 (GLOBE NEWSWIRE) — Rockwell Medical, Inc. (RMTI), a fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with innovative products and services for the treatment of iron replacement, secondary hyperparathyroidism and hemodialysis, announced today that it has signed an exclusive agreement with Baxter Healthcare Corporation, a subsidiary of Baxter International Inc. (BAX), to commercialize Rockwell’s hemodialysis concentrate product line in the U.S. and in select overseas markets.>> VIEW PR

BioCryst Pharmaceuticals, Inc. BCRX

BCRX appeared on Wednesday in our extended watchlist, and what has followed has been two fruitful sessions in a row. From a low of 9.89 on Wednesday, we witnessed as the stock bulled its way into yesterday’s close, reaching a daily high of 11.49, a solid 16% overnight increase.

Inovio Pharmaceuticals, Inc. INO

Speaking of pharma plays, INO, a stock that has appeared several times in our reports recently, is also making moves concurrently with the present concern over the Ebola virus outbreak. The company actually has a Ebola vaccine with which they’ve reported success in treating animals with the deadly virus. Anything to do with Ebola is getting a lot of attention at present, and INO is no exception.

Side Note:

Jobs numbers were out this morning, to a positive reception. We will subsequently be looking for dip-and-rip opportunities with regard to options trading. Friday is characteristically a day when premiums start to come down as a result of time decay, with expirations looming. We’re looking at potential opportunities trading Calls in plays like SPY, AA, ISRG, & GPRO.

Extended Watchlist:
HALO, JBLU, WAVX, IAG, SFUN, NXTD

Blue Horseshoe Stocks: FB, TWTR, POWR, ONVO & More

Facebook, Inc. FB
& Twitter, Inc. TWTR

After we included FB and TWTR in our extended watchlist yesterday, the two social media giants both made positive moves on the day. The uptrends made trading in the options chains of each of these plays a lucrative venture for the session.

For example, looking at some of the options contracts that were relatively close to the money, FB $66 calls went from .48-1.64, and $67 Calls were as low as .21 and closed at .86. TWTR $39 Calls were also moving, trading in a range from .24 to .90. No matter what big-board stock you’re looking at options in, the heaviest action will usually be close to the money (i.e. Current market price as it relates to the “strike-price” of a given contract)

PowerSecure International, Inc. POWR

POWR was a feature in yesterday’s report, wherein we tagged the stock for its potential to fill in a huge gap on its chart that goes all the way to the $18-range. We began to see the gap beginning to fill as POWR would make a modest intraday run to a high of 9.79.

We’re going to leave this play on our watchlist as we head into the week’s end and beyond, as it still has much ground to recover. A return to pre-gap levels on the chart would still equate to gains in excess of 100% from here, and there isn’t a whole lot in the way of obvious resistance until we hit the 50DMA (12.27).

On the options side of things, we’re particularly interested in the August $10 Calls (Closed at .75 yesterday), because if POWR can test that 50DMA by 08/16, we could be looking at triple-bag gains from those contracts.

Organovo Holdings, Inc. ONVO

We placed ONVO on watch in Tuesday’s report, as we noticed that unlike some of the other players in the 3D printing industry, it had yet to show a significant uptrend on the chart, and we thought it might be due to make a move.

It appears that alert was quite timely, as the stock is beginning to rear its head, gapping up today to the tune of 13% in premarket trading. Key resistance at the 200DMA (8.07) has been broken, and if we can hold above that mark, the next areas of resistance crop up at 8.65, and 9.35.

Comments on Today’s GoPro IPO

A large portion of the buzz on the Street today is emanating from the highly-anticipated GoPro Initial Price Offering, and we’re going to take the same stance we always take in these situations.

Our M/O when a big IPO comes out has always been to wait in the wings until we can gauge the price action. Once we get a good feel for the nature of the beast, it’s then that we’ll step in and utilize the trends to our best advantage in the options chain. This strategy served us well on both the FB and TWTR IPO’s, so we’ll continue to use it here.

Extended Watchlist:
AA, ROYL, DRWI, AGEN, UNXL