Tag: MCOA

Blue Horseshoe Stocks: Cannabis Sector Heating Up Again

Cannabis Comments

We got head-faked a little bit in terms of the cannabis sector in the past year or so. Leading up to last fall, anything even remotely tied to marijuana was going through the roof, with seemingly no end in sight. Then a regime change in Washington led to the appointment of self-avowed cannabis hater Jeff Sessions to the head of the DOJ. That led to a considerable cooling of what was previously the hottest market sector.

That being said, it has been business as usual for companies operating in the space in places that have taken the step of ending prohibition. Growth is happening all around, and the investment community has taken notice. The cannabis sector is showing signs of heating up once again, so we want to return to some of the plays we’ve covered in the past and highlight a few that could stand to see some good moves in the days and weeks ahead.

Dewmar International, Inc. DEWM – We just signaled our interest in DEWM in Friday morning’s premarket report, and the stock made a solid two-session swing. From Friday’s low of .0108 to .0163 yesterday, marking a move of 51% We’ll want to continue to track its movements,particularly after this morning’s news.

DEWM announced today that it filed a provisional patent with the US Patent and Trademark Office for the treatment of lung cancer with cannabinoids, so that’s going to be another interesting storyline to follow with respect to DEWM.
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Also going on our refreshed cannabis watchlist of previously tracked stocks will be PNTV, POTN, MCIG, MCOA, and TRTC.

Netflix, Inc. NFLX – Options

We’re always looking for a good post-earnings options play and we may have one with NFLX this morning. Up 10% in premarket trading on a solid beat, we’re going to be looking for a potential dip-and-rip scenario that could lead to some hefty intraday moves. Our targets are going to be the NFLX Weekly $172.50-180 Calls.

Extended Watchlist:
CAPR, MBRX, MDGS, NVAX, OPK OPCO, TTOO, RAD

Blue Horseshoe Stocks: Options Roundup & More

Options Roundup 

All of our earnings-related options ideas from yesterday’s report saw increases during the session, so we want to kick things off today by going over those performances, as well as formulating another fresh idea.

FedEx Corp. FDX- Our idea for FDX was less about the earnings figures themselves which fell short of expectations, and more about the buoyed guidance. The investment community at large felt the same way, and as a result FDX made a really nice intraday run from just above $193, to just below $196. That allowed for our ideas, the FDX Weekly $192.50-200 Calls, to put up the following gains:

$192.50 Calls – Range: 1.86-3.96 – Max Gain: 113%
$195 Calls – Range: .90-2.96 – Max Gain: 218%
$197.50 Calls – Range: .29-2.37 – Max Gain: 717%
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Petroleo Brasiliero S.A. (Petrobras) PBR – An analyst upgrade coupled with a solid earnings report led us to signal a range of PBR calls yesterday. We mentioned the fact that we’ve had a ton of success on countless occasions in the past trading options in this play, and our streak kept on going. We offered both an idea for the weeklies as well as a couple with an April expiration for a longer-term play, (Weekly $9 Calls – 04/21 $9.50-10.00 Calls) and we saw notable gains in all of them:

Weekly $9 Calls – Range: .12-.27 – Max Gain: 125%
04/21 $9.50 Calls– Range: .26-.34- Max Gain: 33%
04/21 $10.00 Calls– Range: .14-.19 – Max Gain: 36%
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Dollar Tree, Inc. DLTR – We also highlighted the DLTR 04/21 $78-80 Calls, and while they did see marginal increases, it was nothing to write home about just yet. That’s why we just wanted to remind our readers that these are longer-term idea which could take some time to show us the sort of upward moves we’re looking for.
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FRESH IDEA:

Snap, Inc. SNAP – Our bearish signal on SNAP Friday led to success in the SNAP Weekly $20 Puts that we were watching. They gained 246% intraday running from .30-1.04.

Today, we want to reverse our strategy and go with some calls, the SNAP Weekly $22-23.50 Calls to be exact.

Moleculin Biotech, Inc. MBRX

We had MBRX in our extended watchlist yesterday, and were pleased with its solid performance on the day. The stock ran from 1.15 to a high of 1.51, which works out to a respectable intraday increase of 31% The move came on immense volume of more than 40X the 30-day average, so we’ll definitely be interested in continuing to track MBRX as we head into the end of the week.

Extended Watchlist:
DOLV, MCOA, CGIX, PENN, FEYE, HTGM, ZSAN

Blue Horseshoe Stocks: Marijuana Madness Continues & More

Puration, Inc. PURA

It seems that the majority of the stocks we’ve seen make big moves in 2017 so far, are in some way related to the marijuana sector. To start things off this morning we want to go back and retrace our steps with PURA, which began on Thursday the 12th.

We saw a nice initial 30% jump, followed by a consolidation down to .03 on  Tuesday, and for the rest of last week it was one bullish session after the other. The impressive run culminated in a new high of .075 on Friday, which stands as an intraweek upswing of 150%

With such good price action and volatility, we’ll be sure to leave PURA on our massive running watchlist that essentially includes all high-liquidity stocks in, or related to, the cannabis space.

Rocky Mountain High Brands, Inc. RMHB

Speaking of cannabis related, RMHB was new to our reports on Friday, and it too is trying to capture a chunk of the consumables market with its hemp-infused food and beverage products.

The stock put up a solid move in its first session on our radar, making an early run from .092 to a high of .137. That works out to a 49% intraday pop, and any play posting those types of single-session numbers could certainly have more in store for us, so we’ll keep RMHB on our watchlist as well.

VanEck Vectors Gold Miners ETF (GDX) – Options Idea

The dollar has been looking shaky of late, as the various unknowns of a new administration has characteristically injected an element of fear into the marketplace. As a result gold has been on a month-long climb, and in the event that trend continues to carry, we’ll want to have an associated options idea at the ready.

One of the funds we like to trade for its correlation with gold is GDX, and in this instance, we’re going to put the GDX 02/10 $24-25.50 Calls on watch over the next several sessions.


Extended Watchlist
CBIS, MCOA, HEMP, MYHI, OWCP, TRTC, USMJ,