Tag: GSAT

Blue Horseshoe Stocks: INMG Recap & More

Innovativ Media Group, Inc. INMG

On Wednesday, just a day following news that the company had acquired a property in the cannabis space, INMG impressed by running 195% from .0019 to .0056. Participants in our daily live trader’s chat had a chance to get in on those gains, as we were mentioning in Thursday’s premarket report.*

But the party was only just getting started, and Thursday’s session proved to be every bit as exhilarating. INMG traded up from its morning low of .005, and managed to crack through the penny barrier to reach a high of .012 on the day. That was good for another multi-bag intraday move of 140% and extended our total two-session observed range on INMG to a walloping 532%

The move came on more than nine times the 30-day average volume, and the stock held a penny into the close, maintaining well over half of its daily advance, so we’ll be very interested to see how that head of steam transfers to this new trading week after a three-day weekend.

*We encourage all of our readers to join in on our daily in-session live chats. To participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.

4/20 Cannabis Watchlist

We’re heading into 4/20 week, with the holiday coming up on Thursday. For the uninitiated, 4/20 (“Four-Twenty”) has been a marijuana counter-culture holiday for decades, and in recent years as the legal cannabis space has really taken off, it has been taken to a new level through viral marketing events, festivals, celebrations, and targeted ad campaigns.

We would expect the frequency of press releases (and with them, increased visibility) from companies operating in or around the space to rise over the course of this week. We would also expect subsequent heightened activity in many cannabis stocks. 

In accordance with these expectations, we’ll put the many cannabis stocks we track on a routine basis on even closer watch. Stocks like CBIS, OWCP, RMHB, SGDH, TRTC, and more, will be high on our watchlist this week.

Extended Watchlist:
GIGL, GSAT, HTGM, BLPH, ADPT, NVCR, SPU

Blue Horseshoe Stocks: NUGT Options Recap & More

Direxion Daily Gold Miners Bull 3X ETF (NUGT)

NUGT has been on a fairly consistent rise for the past few weeks along with gold itself, and we were able to use the continuation of that trend to our extreme advantage yesterday.

We dropped a quick options idea for the NUGT Weekly $9-9.50 Calls into our watchlist, stipulating that we’d need to see a break of the 50DMA. We got what we were looking for, and the potential gains that followed were substantial.

$9 Calls – Range: .56-1.53 – Max Gain: 173%
$9.50 Calls – Range: .30-1.07 – Max Gain: 257%

Chat reminder: Also, we noticed the magnitude of the activity was going to allow for gains to made at higher increments, so we also suggested rolling up to the $10 Calls shortly after the open. Those ended up running 172% from from .25-.68.

We were just mentioning the benefits of our daily traders chats the other day, and here we have a fine example of why reading our premarket reports can be greatly augmented by participating in our in-session chats as well. Again, just send a Skype contact request to ‘stocksumo’ if you wish to join us!  Any of our readers are welcome!

TransEnterix Inc. TRXC – Insider Buying

We noticed a filing for a huge $5.2M insider position increase on TRXC at a price of 1.40, which coincides closely with recent relative lows, and isn’t too far above the stock’s annual low. We’ll be very interested to follow along with this stock after such a vote of confidence from an existing investor.  (>>View Filings)

Added Note: Speaking of insider trading plays, we also wanted to add a quick reminder on the one we submitted yesterday in STON. The stock made modest headway in continuing its established uptrend with a light 8% increase on the day, and will continue to be on our radars moving forward.

Immune Pharmaceuticals, Inc. IMNP

Additionally, we have a reminder to put out on IMNP, which we put on bottom-watch in our report dated December 27th. It took roughly a week of sideways trading for the stock to begin to perk its head up, but yesterday it began to gain some ground so we just wanted to remind readers that we still have this one on our viewscreens.

Extended Watchlist:
AMFE, GIGL, LIGA, GSAT, URRE, BPMX

Blue Horseshoe Stocks: Weekly Winners Review

Weekly Winners Review

Yesterday was a great day for so many of the ideas we’ve been discussing this week, leaving our normal routine seemingly unaffected by the holidays.  That being said, we’d like to wish all of our readers a prosperous holiday season! 2016 was yet another great year, and we’re already very excited about making 2017 even better!

Micron Technologies, Inc. MU – First up, we’ve got an update on the options idea that we included in yesterday’s premarket report. We signaled the MU Weekly $22-23.50 Calls on the heels of the company’s solid earnings call on Wednesday. All four of the sets of contracts in that range provided big-time gain opportunities:

$22 Calls – Range: .88-1.47 – Max Gain: 67%
$22.50 Calls – Range: .47-1.00 – Max Gain: 113%
$23 Calls – Range: .24-.58 – Max Gain: 142%
$23.50 Calls – Range: .10-.29 – Max Gain: 190%
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ERF Wireless, Inc. ERFB – After first alerting ERFB a week ago today, we’ve tracked the stock throughout this week, and witnessed a great run from a low of .0013, to yesterday’s high of  .0085. That worked out to an excellent intraweek swing of 554%
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Globalstar, Inc. GSAT – Speaking of momentum plays, that’s just what GSAT was when we caught it on Monday morning. It had already strung together four sessions of higher highs, and has managed to maintain that trend for another four! We’ve witnessed an additional increase of 60% from our observed low of 1.25 to yesterday’s new high of 2.00 on heavy volume throughout the week.
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Momentous Entertainment Group, Inc. MMEG – We tagged MMEG in Wednesday morning’s premarket report, and that one has made a very nice two-day swing as well. From a low of .0017 to it reached .0038, which represents a 123% spike.
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Imprimis Pharmaceuticals, Inc. IMMY – We also just want to remind readers of a signal we gave yesterday morning on IMMY, which had just begun to show signs of a bottom-bounce in the previous session. The stock did continue that trend with a modest 17% move to the upside, trading from a low of 2.12 to 2.48. The jump did occur on well over five times the 3-month average volume, so we’ll continue to observe this play, which has a chance to confirm its multi-day runner status with strong finish to the week.

 Extended Watchlist:
ACNV, OTTV, NUVI, AJBI, YIPI, PLX, VNR