Blue Horseshoe Stocks: Potential Bottom-Plays & More

 Bottom-Watch Plays

We want to start things off this morning by highlighting a couple of stocks on the higher exchanges that are both currently trading at a low multiple. Stocks that trade on the NASDAQ and NYSE at less than a dollar per share for at least a month can face de-listing procedures, so companies in danger of this tend to go to great lengths to buoy their stock price.

We’re always on the lookout for possible bottom plays so we’re going to be tracking both of the following in coming sessions.

Cobalt International Energy, Inc. CIE – The de-listing alarm bells haven’t quite gone off yet at with CIE, as the PPS just fell below a buck toward the end of last month. The stock also has a recent track record of brief periods of sub-1.00 trading from which it has promptly recovered each time.

This leads us to believe that the company may not even get to the point of receiving a notice from the NYSE before share price sees a recovery. We’re going to want to be on the lookout for that potential rebound.

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Alliqua Biomedical, Inc. ALQA – In the case of ALQA, a NASDAQ play, the situation is a bit more pressing. Shares fell below the dollar mark at the beginning of September, and the company did receive its ‘failure to satisfy listing requirement’ notice back in October. The PPS has lagged ever since, and has only until the end of April to re-attain the dollar mark, or face delisting.

We’ll be interested to follow along to see what efforts are untaken to once again satisfy listing requirements. In the meantime, the stock has found a reasonably solid base of support off of recent lows, so we’ll be on the lookout for possible rebounds.


Viacom, Inc. VIAB – Options Idea

Our regular readers know full well that we love a good earnings-related options idea, and that’s what we’ve got this morning with Viacom. The company just posted an impressive earnings beat, along with strategic guidance updates that has the stock rocking in the premarket.

We’re going to be keeping our eyes open upon the opening bell, and tracking the activity in the VIAB Weekly $44-45.50 Calls.


Extended Watchlist:
MMEG, SDVI, ISBG, ETRM, CLF, TSLA,

Blue Horseshoe Stocks: AAPL Update & More

 Apple, Inc. AAPL – Options Recap

The current earnings season really kicked into high gear for us yesterday with our signal on AAPL. To go along with the activity we were observing in the premarket just formulated an options trading idea with the AAPL Weekly $125-127 Calls, and were ultimately met with chances for huge gains across the board.

Regardless of which strike price was chosen within that range, multi-bag gains were there for the taking:

$125 Calls – Range: 1.18-5.00 – Max Gain: 324%
$126 Calls – Range: 1.36-4.46 – Max Gain: 228%
$127 Calls – Range: .61-3.55 – Max Gain: 482%
$128 Calls – Range: .45-2.61 – Max Gain: 480%

We were obviously very pleased with our calls and the intraday opportunities they provided, and  have no problem simply walking away after such a bang-up session. That being said, we’ll go ahead and continue to track the activity over the remaining two sessions this week, just for good measure.

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FRESH IDEA:

Facebook, Inc. FB - Continuing our ride on the earnings train, we’re going to signal a range of options in the FB chain on the heels of yesterday’s post-market earnings report.

Our target range today is going to be the FB Weekly $133-136 Calls.


Alkame Holdings, Inc. ALKM

Last week as we were following ALKM, mentioning it in all three reports from the 25th-27th, we witnessed a low of .0014. Yesterday, the stock broke out on mega-volume running to a high of .004 where it also closed, having traded 6X its 30-day average volume.

It worked out to a week-over-week increase of 186%  We’re also going to want to continue keeping tabs on ALKM after yesterday’s strong close.


Extended Watchlist:
ISBG, MJTK, VAPR, NOK, MJN, NGD

Blue Horseshoe Stocks: NOUV Update & More

 Nouveau Life Pharmaceuticals, Inc. NOUV

As if the two-day, 1102% swing we had already witnessed from NOUV between Thursday and Friday weren’t enough, the stock continued to show volatility with a nice intraday move yesterday following its inclusion in our morning report.

NOUV traded in a range from .0046 up to .008, marking an intraday rip of 74% which came on roughly eight times the 3-month average volume. It also closed having held more than half of its daily advance, which puts us on alert to continue monitoring its activity as we progress through the week.

***Participate in our daily traders chats via Skype! The NOUV pick came courtesy of one of our regular participants in the room last week. It doesn’t matter if you’ve just started trading, or if you’ve been doing it for ages, all of our readers are most welcome. Simply send a Skype contact request to username: ‘stocksumo’ and join us!


New Gold, Inc. NGD

We want to place NGD on an extended bottom-watch after the activity which has transpired over the past few sessions. The stock fell off of a cliff, dropping more than a third of its total value in less than a full trading week. The move comes in conjunction with the announcement that production costs per ounce would rise in 2017, as well as the company coming up short on financing for the buildout of its ‘Rainy River’ mine by more than $100M.

While those are certainly noteworthy occurrences, we look at the rapid drop-off in PPS more as an opportunity to get some skin in the game at a discounted price. We’ll be watching NGD closely for a reversal, which admittedly might not happen right away, but could be quite a prime rebound opportunity when it does.

It’s worth mentioning that despite production costs per ounce rising from just under $700 to more than $800 for NGD, even at the higher figure, it still places them well in the profitability range (gold currently trading for, and at a significantly lower cost than many mining outfits.


Wal-mart Stores, Inc. WMT – Options Idea

Speaking of longer-term ideas, we’re looking at WMT this morning after the stock posted a near 9-month low on Friday, followed by a bullish candle to kick the week off yesterday.

It comes on the heels of the news that the retail giant had fired a shot across Amazon’s bow, with the revelation that it would be offering free two-day shipping on over 2 million items via Walmart.com, which cuts Amazon Prime’s main incentive off at the knees.

We’ll be very interested to see how the market responds to such a development over a longer time frame. In correlation, we’re going to be monitoring the activity in the WMT 03/03 $68-69.50 Calls in the days and weeks ahead.


Extended Watchlist:
QSIM, CEGX, ISBG, GMNI

Blue Horseshoe Stocks: MYHI Recap & Other Updates

Mountain High Acquisitions Corp. MYHI

Our first order of business this morning is to review the recent activity in MYHI, another cannabis stock amid the huge selection we’re constantly tracking. We’ve been all over this play in the month of January, beginning with the first report of the calendar year, and appearing routinely since then, all while maintaining a general uptrend.

Our witnessed low came in the session immediately following that first premarket report of 2017 back on January 3rd, at .09. Over the course of this month, MYHI has streaked skyward with some very impressive multi-day surges, the latest of which led to a new high yesterday.

We also included MYHI in yesterday’s premarket report, so for those readers who haven’t been with us long enough to have witnessed the full story on this play, single-session gains of a significant magnitude were also available. MYHI ran from a low of .5616 to its new high of .90 on heavy volume, an intraday push of 63%

The high mark represented an overall upswing of 900% from our observed low on the 3rd, exactly three weeks ago, so huge cheers are in order for anyone who has been along for this fantastic ride!


Other Pot Stock Updates

Speaking of the marijuana space, which has definitely been a prime area of focus for us in recent months especially, we had a couple of our other running cannabis interests that were included in yesterday’s premarket report end up performing well on the day.

We had Rocky Mountain High Brands, Inc. RMHB trade up from .13 to .16 for a modest 23% intraday push, reaching overall gains of 74% from the .092 low we observed after including the stock in Friday’s report.

There was also Hemp, Inc. HEMP, which was another one we put in the first report of the year and have been tracking ever since. It spiked 16% intraday yesterday from .0467 to .054, and from our witnessed low of .03, a total rise of 80%


Cellectar Biosciences, Inc. CLRB

CLRB is hitting our scanner in the premarket today, gapping up to the tune of 15% and showing all the symptoms of a solid bottom-bouncer.

There is a gap on the chart between approximately 1.80 and 2.20. We would like to see the stock maintain support above the 50DMA(1.50) and potentially make a run to fill that gap.


VanEck Vectors Gold Miners ETF (GDX) – Options Reminder

Just a quick reminder on our options ideas from yesterday’s report; the GDX 02/10 $24-25.50 Calls which we put on extended watch, made some decent progress on the first day, producing gains ranging between 20-40%

We’ll continue to track these ideas for the possibility of further increases for as long as gold itself can maintain its overall uptrend. In this case, that would likely mean holding support above the $1200/oz mark.


Extended Watchlist
PURA, MYDX, UAMM, PKTX, ISBG, ICNB, MIHI(News)