Tag: GSL

Blue Horseshoe Stocks: MTBC Recap & More

Medical Transcription Billing Corp. MTBC

We caught wind of a potential opportunity in MTBC yesterday morning on a routine scan, and we included it in our extended wathclist for the day. We’re glad that we did, because it turned out to be our top performer for the session!

From a low of 1.43 MTBC shot to a high of 2.87 for an early intraday rip of 101% The stock traded massive volume to the tune of fourteen times the monthly average, while holding the vast majority of its daily gain into the close at 2.40. Based on those factors, we’re very interested to continue tracking MTBC over the course of the next few sessions.

While it does appear overbought at the moment, having been in a bullish pattern for a week now, the stock is currently in blue skies, so there’s no telling where this run might end. One thing’s for sure, when it does begin to pull back off of these impressive new highs, we’ll be waiting in the wings for a subsequent dip-and-rip.

Ocwen Financial Corp. OCN

Yesterday morning we pointed out that OCN was looking massively oversold after falling off a cliff a couple of weeks ago. We also alluded to the fact that it was gapping up significantly in the premarket.

Our vigilance paid off instantly as the stock quickly turned into the bottom bouncer we had it figured for, running 30% intraday from 2.60 to 3.38 on roughly six times the 30-day average. Even if it just returned to its 200DMA, it would spell further gains of 38% so we’ll continue to keep an eye on OCN.


NXT-ID, INc. NXTD

Speaking of bottom-plays, we’re taking notice of NXTD this morning as the stock is gapping up past its current 50DMA of 1.86 in the premarket.

Prior to today it had already begun to bear the look of a stock that was ripening for a rebound, and we’re going to want to pay close attention to its progress in sessions to come looking for the recording of higher highs and higher lows.

Extended Watchlist:
BLDV, IAC, REXX, CHGG, MOC, BDSI, GSL

Blue Horseshoe Stocks: Options Updates & More

Options Updates

S&P 500 ETF (SPY) – We tagged the SPY 11/23 $218.50-220 Calls for observation on Monday, and wanted to circle back around to relay the excellent moves it went on to make.

$218.50 Calls– Range: .90-2.24 – Max Gain: 149%
$219 Calls – Range: .58-1.83 – Max Gain: 216%
$219.50 Calls – Range: .35-1.30 – Max Gain: 271%
$220 Calls – Range: .19-.89 – Max Gain: 368%

Keep in mind that trading these today would essentially be akin to trading normal weekly contracts on a Friday, a risky venture that we always warn is to be attempted only by advanced traders.

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Petroleo Brasiliero S.A. (Petrobras) PBR – PBR was the subject of another idea we formulated on Monday morning, and it too provided the activity we needed to see our highlighted targets post some solid performances. Our contracts of interest here were the PBR Weekly $9.50-10.50 Calls
and while they didn’t move quite as much as the SPY calls, the potential gains were still significant.

$9.50 Calls– Range: .68-1.00 – Max Gain: 47%
$10 Calls – Range: .30-.54 – Max Gain: 80%
$10.50 Calls – Range: .08-.21 – Max Gain: 163%

Unlike the aforementioned play, these contracts don’t expire until the end of the Friday’s half session (1PM).

Clean Coal Technologies, Inc. CCTC

The characteristic volatility that we’ve come to expect from CCTC showed it face this week, as the stock turned the bottom-bounce from the end of last week into a multi-day run that has persisted ever since.

We placed the stock on watch earlier this month, and after a short period of consolidation it finally established a base at .105, before running to yesterday’s new high of .2835. That marked a upswing totaling 170%

We’ll look for the possibility of a breach of the 200DMA currently sitting at .302, a break past which point would send the stock into blue skies, while keeping in mind that the volatility we mentioned could come into play. We’ll need to be open to the chance of the stock consolidating again before gearing up for another run. One thing’s for sure, the rapidity with which this play can cover large amounts of ground on the chart makes it worthy of continued observation.

Extended Watchlist:
ESEA, OMHE, LIGA, DCIX, GSL, OPXA,
AGHI(Prime bounceplay, see yesterday’s report)

Blue Horseshoe Stocks: Kicking Off the Short Week

Options Ideas

SPDR S&P500 ETF (SPY) –  It’s been awhile since we dabbed in some SPY options and the fund is gapping up moderately in the premarket, so as we kick off this holiday-shortened 3.5 day week, we thought we’d float an idea for some calls across everyone’s desk this morning. We’re going to focus on the SPY 11/23 $218.50-220 Calls. for possible daytrades and/or swing trades over the next few sessions.

Given the Thanksgiving break on Thursday followed by just a half day for Black Friday, these contracts, which would normally be weeklies expiring on Friday, will instead expire Wednesday afternoon, so we’ll be monitoring them up to that point.

We’ll hold to this idea as long as the SPY doesn’t dip below that 218.50-mark on any pullbacks.
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Tyson Foods, Inc. TSN – Next up on the menu of options ideas today is Tyson, which we’re going to go in the opposite direction with, signaling some puts to track on the heels of an earnings miss.

We’re going to zero in on the TSN Weekly $62-59 Puts in the event that TSN records a continued backslide. Unlike the previously mentioned idea, these do expire at the end of Friday’s session (1PM) so we’ll have the entire week to watch these contracts.

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Petroleo Brasiliero S.A. (Petrobras) PBR – An old-time favorite from the past is making another appearance this morning, in PBR. We noticed the stock coming back down recently after a surge well past the $10 mark last month, and this morning, it is re-testing the $10-level with a solid premarket gap-up.

We’re going te set ourselves up tracking the PBR $9.50-10.50 Calls (also expiring Friday @1PM), which could be in line for some serious moves if the stock can maintain its present momentum through the session and perhaps over the course of this short week.

Dominovas Energy Corp. DNRG

This is a play that we’ve mentioned on occasion in the past, most recently two Friday’s ago, when we tagged it at .0014 and saw a decent 44% run to .0023 the following day.

Since then the stock has consolidated back down to that .0014 level, and we’re noticing a PR out this morning that could help DNRG on its next leg-up. (>>View PR)

Extended Watchlist:
Pennies: BTCS, GAHC, DLCR, LITH,
Shippers: SINO, DRYS, TOPS, GSL