Tag: MDBX

Blue Horseshoe Stocks: BCCI, TPAC Reviews & More

Baristas Coffee Company, Inc.  BCCI

We had a couple of stocks from yesterday’s morning report jump out at us with excellent intraday upswings, the first of which being BCCI. The stock managed to crack into Pennyland as it ran from a daily low of .009 to as high as .014. That was highly respectable single session pop of 89% and it came on four times the 30-day average volume.

Provided BCCI can maintain a level of support at or above its previous swing high of .011 on any pullbacks, we’ll remain open to the possibility of seeing a sustained uptrend in coming sessions.

 
Trans-Pacific Aerospace Company, Inc. TPAC

Yesterday’s other notable mover was TPAC, and it too took its PPS to the next echelon as it began the day as a super-subpenny, and ended it in subpenny territory. We watched as it made its move from .0008 before topping out at .0014. That represented a total possible gain of 75% on the day.

Another Great Chatroom Call

Premier Biomedical, Inc. BIEI is a stock with which we are familiar, and it resurfaced yesterday in our daily live traders chat* thanks to regular participant, DJ!  As you can see from the following mobile screen snap, subsequent to DJ’s signal traders could have entered at a low of .015, and that gave way to a big run into the end of the session where the stock reached a high of .0334.

That was an intraday spike totaling 122%, and it marked the second multi-bag runner offered to the room by the illustrious DJ in as many weeks, so big cheers go out to him!

*As always, we’ll be glad to allow any readers interested in our daily chats into the room, just send a Skype contact request to user ‘stocksumo‘.

Lululemon Athletica, Inc. LULU

LULU is gapping down dramatically in premarket trading this morning, and in the event that a continued backslide occurs we’re going to be monitoring a range of puts in the LULU options chain. The dip is occurring in the wake of an earnings release that, despite including heightened revenues and profits, is being poorly-received.

Accordingly, we’re going to signal LULU Weekly $47-44.50 Puts for observation.

Extended Watchlist:
NPHC, MHRC, USAR, MDBX, EFUT, JGW(Bottom-Bounce Watch)

Blue Horseshoe Stocks: Successful Bounce-Plays & More

Recent Recovery Plays

As it turns out, Friday was a good day for us in terms of spotting stocks coming off of their recent relative lows that were ripe for a rebound. We tagged both APDN and MIL in that report, and in both cases we’ve seen extended signs of recovery.

Applied DNA Sciences, Inc. APDN – We’ve been familiar with APDN for quite some time, and were prompted to include it on Friday as a bottom-watch play after Thursday’s session had sent it hurtling off a cliff. Our observed low on Friday was 3.28, and as of yesterday high mark of 4.56, we had witnessed a 39% rebound.

MFC Industrial, Ltd. MIL – With MIL, we’ve seen a modest, yet healthy two-session swing of 13% ranging from Friday’s low of 2.63 to yesterday’s high of 2.97. We’re going to be very interested to follow its progress in the days ahead, as the chart still appears bullish.

In both cases, we’ll be looking for continued signs of strength with the recording of higher highs and higher lows going forward.

The Pot is Hot: Cannabis Sector Resurgence

We included Hemp, Inc. HEMP in yesterday’s premarket report as a result of the momentum that we’d noticed building up in the stock on Friday.

As our longtime readers are aware, we’ve been heavy followers of the cannabis space since its emergence a few years ago. While HEMP was the most actively traded stock on the OTC markets yesterday, we also saw a number of our other old favorites in the sector showing signs of renewed vigor as well. Among those were MJNA, GRNH, CBIS, MDBX, ERBB, TRTC.

We prepared a quick video containing some thoughts on the situation that we’d like to share, so be sure check it out:

Yesterday’s Other Winners:

Barfresh Food Group, Inc. BRFH – We tagged BRFH yesterday both for the positioning of the chart and the substance of the PR (link below)that the company released in the premarket. The result was a 22% intraday swing from .74-.90. This play will remain on our radars as the week progresses.

Western Graphite, Inc. WSGP – WSGP was another good call, as this super-subpenny performed an impressive dip-and-rip which culminated in an impressive intraday swing. After touching a low of .0003, we saw WSGP run as high as .0007; which registers as a 133% pop.

Extended Watchlist:
BSSP, LBSR, VGID, GDSI

Blue Horseshoe Stocks: UVXY, VXX Options & More

No Rate Hike – SPY & VXX Options Ideas

Another eagerly-anticipated FOMC meeting came and went without an interest rate hike by the Fed yesterday, and as a result we observed a dramatic rise in volatility for the markets. We expect that turbulent activity to carry over into today, and with the added caveat of it being expiration day for weekly contracts, it could give rise to some serious options-trading opportunities.

Currently we’re seeing the VXX and UVXY gapping up in the premarket this morning. We will be on the lookout for a potential bounce in the markets followed by a fade to the downside. It would be at that point we’d look to get positioned in some Weekly VXX and UVXY Calls, specifically VXX $22.50-25.50 Calls, and the UVXY $48-52.50 Calls. Alternatively, we could take advantage of the same sort of scenario with SPY Weekly $197.50-194.50 Puts.

Part of the beauty of trading options is, if by chance the markets undergo a more sustained rebound and operate contrary to our initial gut instinct, we can simply flip those ideas to the other side of the fence (Puts where we mentioned Calls, and vice-versa) while striking in the same target ranges.

Great Rock Development Co. GROC

We also want to make mention of a stock we tagged for observation in Wednesday’s report which has made a nice intraweek move. GROC traded at a low of .0055 that morning, and followed up with a couple of solid sessions.

Yesterday. the stock managed to close at .0085, which represents a 55% session-over-session increase, and it occurred on slightly more than 3.5X the average monthly trading volume.

Global Digital Solutions, Inc. GDSI

GDSI is another subpenny play that caught our eye yesterday as it rebounded off of a new 52-week low. This stock has been steadily trending down for a protracted period, and is just about reaching the point where a more significant recovery could be in the cards.

It’s self-evident on the chart below, which shows that GDSI is heavily oversold at the present time. Add in a recent bullish cross on the MACD, and this is one we’ll want to monitor more closely in coming sessions. We’ll look for it to continue to register higher highs and higher lows off of that bottom.

Extended Watchlist:
MDBX, RDSH, GLD, CHLO