Tag: MGT

Blue Horseshoe Stocks: DGLY, DRNE, APPG & Extended Watchlist

Digital Ally, Inc. DGLY

Our tag of DGLY prior to Thursday’s session had brought an excellent chance to collect up to 39% in profits last week as DGLY traded in a range from 5.75-8.00 that day.

The stock performed well for us for the second straight day on Friday, registering higher lows and higher highs. We saw DGLY run up from 7.10 to a high of 8.65, a 22% intraday gain. Measuring Friday’s high from the low we observed Thursday, marked an overall two-day increase of 50%

That figure increases dramatically when measured against this morning’s premarket high of 9.74. Anyone fortunate enough to pick up DGLY from the 5.75-mark would be looking at gains in excess of 69% at that level.

Drone Aviation Holding Corp. DRNE

We flagged DRNE in Friday’s Extended Watchlist and were pleased at the move the stock made from its early morning low of .89. It ran into the close and achieved a high of 1.10, an increase of roughly 24% on nearly 10x the average monthly volume.

The stock hadn’t traded that much volume since April, so we really did come upon DRNE at an opportune time.

Apptigo International, Inc. APPG

APPG is a bottom-bouncer that we wanted to mention this morning. On Friday the stock hit, and began to rebound off of its 52-week low of .366, closing at .51, just a penny below its high of day on twice the average monthly volume.

We are seeing a fresh PR out on APPG this morning as well:

MIAMI, FL–(Marketwired – Aug 25, 2014) – Apptigo International, Inc. (OTCBB: APPG) (OTCQB: APPG), a non-conforming, highly creative agency and mobile app developer, today announced that the Company has been invited to present at the National Investment Banking Association’s (“NIBA”) 132nd Investment Conference to be held in New York City on September 15-17, 2014. >> FULL PR

Extended Watchlist:
MGT, MRNA, FOLD, AMPE, XGTI, TOPS,
RGDO(Big gap down radar for possible bounce)

Blue Horseshoe Stocks: CANV, ACHN, FREE & More

CannaVest Corp. CANV 

CANV is a stock that recently fell off of a cliff, and found itself trading at 52-week lows.  We like to monitor such plays during their recovery, which has already begun in this case. Trading near its annual lows, CANV appears undervalued, especially in light of the figures contained in the earnings report put out by the company yesterday.

Highlights included a Q2 net income of slightly over $8M, as compared to a net loss of $348K for the same quarter in 2013, and over $9M in cash on-hand. We suggest you read the release in its entirety >>> FULL PR

Check out these websites for some background on Cannavest (http://www.CannaVest.com) and its subsidiaries, which include US Hemp Oil, LLC (http://www.USHempOil.com), and CannaVest Laboratories, LLC (http://www.CannaVestLabs.com).. We’re always interested tracking a revenue-generating company in the cannabis sector, and CANV fits the bill.

The stock was trading as high as $20.00 just a few months ago; regaining even a portion of the ground it has lost from current prices in the mid-$3 range would mean the chance at a significant profit for nimble traders.

Achillion Pharmaceuticals, Inc. ACHN

ACHN is a stock we began to track earlier this summer (June 9th) as it was in the midst of a massive surge. At the time we caught it at a low of 3.72, and it ran to nearly $8 over just a two-session span. In the following months, it had been trading in a rough channel between the mid-$6’s and mid-$7’s, and just cracked over $8 yesterday for the first time in more than a year.

This morning’s PR regarding the company’s hepatitis C drug, which was been found to cure all patients in mid-stage trials is also contributing to a huge gap-up that has the stock pushing the $10 mark in the premarket. At that level, we’re already looking at a 168% move up from the the lows we observed in June, and we’re certainly going to have the stock on more intensive watch moving forward.


FreeSeas, Inc. FREE

After appearing in yesterday morning’s extended watchlist, FREE went on to break above the 50DMA at .66, and run 28% intraday from .631-.809.  We want to see higher highs and higher lows acheived as this is another play coming off of its 52-week lows. We’ll need to see it maintain support above the previous 50DMA of .66 in order to keep our attention.

The spike we’re seeing here comes in conjunction with yesterday’s announcement that FREE had regained compliance with Nasdaq’s minimum stockholders equity rule. >>> FULL PR

PBR Options Ideas:

Continuing our coverage of the PBR options chain, we wanted to throw out a few quick ideas as the week comes to a close. We may be interested in the August 22nd $15.50 and $16.00 Calls for a swing trade into next week.

Extended Watchlist:
USU, AMCF, MNDL, BDR, MGT, FSI