Blue Horseshoe Stocks: HEMP Update

Hemp, Inc. HEMP

Because of the absolute bloodbath having been experienced by the market of late, it is easy to forget the huge development for those with vested interests in hemp, the male form of the cannabis plant. Of course, one of its biggest proponents for quite some time has been the aptly named, Hemp, Inc.

The recent passing of the farm bill that effectively green-lighted the hemp industry nationwide is a game changer, and it certainly showed up on the chart, which experienced a heck of a spike. Following our alert on HEMP from just a few weeks ago, the stock ran from .0292 up as high as .054, a move of 85%

There has been some pullback since then, but in general HEMP is a stock that we’re going to be very interested in tracking into the New Year. There is a golden cross setup in the works for the chart, so we could be looking at the next leg-up sooner rather than later.

The company has talked a big talk when it comes to federal legalization, and now that it has become a reality, we expect to see solid efforts from HEMP in 2019, starting with the cleaning up of its reporting status on OTC Markets.


Extended Watchlist:
ASNS, IMMU, MB,

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Blue Horseshoe Stocks: NKE Options & More

Nike, Inc. NKE 

We’re seeing a possible opportunity for NKE to close out the week today, despite the continued bearish activity for the markets at large. Like a lot of stocks, NKE is at its lowest prices in quite some time; in this case, seven months. But we are seeing the makings of a potential quick-strike play here, and we’d like to signal some options ideas to coincide with the present situation.

We;re going to focus in on the NKE Weekly $73-74 Calls after the company logged a beat on both earnings and revenues in its post-market release yesterday. Additionally the company provided stout guidance, so if anything has a chance to buck the trend and put forth a bullish session today, it would be Nike.


New Age Beverages, Inc. NBEV

Speaking of bucking the trend, NBEV, another anomalous performer that we’ve been tracking for quite some time has been flying in the face of current market sentiment for six weeks now.

When we high;lighted this stock on the morning of November 15th, it was trading for as little as 3.30, and after weeks of bullish sentiment, the stock has reached new highs at 6.90, which accounts for a move of 109%


Extended Watchlist:
CM, PLUG, ZNGA, VIVO, CGC, NTES, HEMP

Blue Horseshoe Stocks: Options Review & HEMP

Options Review

We’ve placed a lot of focus on options plays this week, and thanks to the help of a solid day for the markets, we saw excellent opportunities for quick strike profits in a couple of them yesterday. Our primary order of business today is to go over the gains that have been made possible by some of our ideas.

The Netflix Inc. NFLX 01/25 $290-300 Calls were an idea we submitted in yesterday morning’s premarket report, and we saw some moderate increases in all five of those contracts, which were as follows:

$290 Calls – Range: 14.15-16.30 - Max Gain: 15%
$292.50 Calls – Range: 11.00-14.70 – Max Gain: 34%
$295 Calls – Range: 10.05-16.25 - Max Gain: 62%
$297.50 Calls – Range: 11.25-14.00 – Max Gain: 24%
$300 Calls – Range: 8.60-13.07 - Max Gain: 52%
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We also formulated an idea for the SPDR S&P500 ETF (SPY) on Tuesday morning, the SPY Weekly $266.50-268.50 Calls, and those have flourished thanks to the bullish session for stocks in general yesterday. Here are the ranges on those contracts so far:

$266.50 Calls – Range: 1.25-3.55 - Max Gain: 184%
$267 Calls – Range: 1.02-3.20 – Max Gain: 214%
$267.50 Calls – Range: .89-2.86 - Max Gain: 221%
$268 Calls – Range: .74-2.60 – Max Gain: 251%
$268.50 Calls – Range: .66-2.28 - Max Gain: 245%

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Hemp, Inc. HEMP

We also wanted to make mention of HEMP, a long-time familiar play which we most recently tagged on November 30th, subsequent to which time we would observe a low of .0292.

Thanks to the passing of the farm bill in the House by a landslide, hemp and its byproducts, which includes CBD, has just been legalized at the federal level. That means big things for HEMP, and many other companies involved in CBD production and distribution. The news led to a new high of .045 for HEMP- a 54% move over our observed low from a couple of weeks ago.


Extended Watchlist:
OPTT, IPCI, BLIN, CRIS, VTL, DPW, GE, PAYX, ADIL, NBEV

Blue Horseshoe Stocks: Zillow on a Roll

Zillow Group, Inc. Z – Update

We’ve been tracking Zillow since last Wednesday, at which time the stock was trading at a low of 27.92. We were prompted to highlight the play after noticing some big Form-4 submissions near the bottom, with a large gap to the upside on the chart. That morning we signaled the Z 01/18 $30-40 Calls which have produced some really nice gains so far.

The stock itself, after 6 consecutive green days, attained a high of 37.20 yesterday, which marked a 33% increase in just over a week’s time. That’s fantastic volatility for a stock in this price range. That activity has led to some mind-numbing gains in our group of tracked contracts. 

The following figures are the ranges  and total possible gains on those from last Wednesday, through yesterday’s highs:

$30 Calls – Range: 1.57-7.43 - Max Gain: 373%
$35 Calls – Range: .57-3.70 – Max Gain: 549%
$40 Calls – Range: .10-1.45 - Max Gain: 1350%


Bottom Watchlist

We also have a couple of longer-term bottom watch plays that we wanted to include in today’s report and monitor for potential rebounds going forward.

We are looking at both Bio-Path Holdings (BPTH) and Ampio Pharmaceitucals (AMPE) in a similar fashion today. Neither stock has shown a great deal of volatility of late, hovering around their recent relative lows for some time. Both charts also boast gaps to the upside. We’ll place this pair on recovery watch in the weeks ahead.


Extended Watchlist:
HEMP, AGRX, SOLO, EQGP, SLS, PCG

Blue Horseshoe Stocks: Cannabis Reminder

Cannabis Reminder

With the cannabis counterculture holiday of 04/20 capping off this week on Friday, you can bet that our tracking of the cannabis sector is going to ramp up right along with many of these stocks.

It was back on the 4th of this month that we published an extensive list of marijuana industry stocks to track in anticipation of this event. For those outside the loop, “Four-Twenty” is a massive celebration each year on April 20th, to commemorate the cultural tradition of partaking in cannabis at 4:20pm on any given day. Cannabis companies use this as the perfect marketing ploy, and as a result, many do their highest sales of the year on the heels of this holiday.

A few of the plays we highlighted earlier this month have already begun to see appreciable moves on the chart. Take OWC Pharma (OWCP) for example. Since the 4th, the stock has increased from .20 to .30, a 50% rise in under two weeks.

We would expect to see similar, and even better gains coming from many cannabis stocks all across the board. That’s why we wanted to open up this week with a reminder to keep a close eye on anything even remotely tied to the space.

Just refresh, some of those stocks include, but are not limited to:

AGTK, HEMP, SGMD, SING, GRNE, GOHE, MCOA, MCIG, POTN, PNTV, RMHB, CANN, CBIS, ATTBF, GLDFF, GLNNF, NXTTF, MRRCF, SPRWF & CRON


Extended Watchlist:
SSC, NETE, ITCI, ERI, MBII, NAV, ONVO, LOXO, CLS