Blue Horseshoe Stocks: Cannabis News Play & More

Stereo Vision Entertainment SVSN

We had SVSN hit our scanner this morning after we noticed an interesting PR coming across the wires. We’re always looking for new interests in the cannabis space, and SVSN fits that bill. Unlike many of the companies in the business conduct their activities primarily in the western states, SVSN has an operation in Florida.

The company just announced a February 1, 2018 Grand Opening of its majority owned subsidiary CannaVision’s Bay Pines medical cannabis and holistic pain management clinic in St Petersburg, Florida. (>>View PR)

We’ll be interested to track the progress of this new facility, and SVSN stock itself going forward.


SPDR S&P 500 ETF (SPY)

We also want to throw in a quick options idea for the SPY, which despite a momentary hiccup in its week’s-long bullish trend yesterday, looks to be gapping up and ready to get back on track today. There are a set of contracts expiring today that we want to radar: the SPY 01/17 $277.50-279 Calls*.

Please be aware that contracts approaching expiration are subject to evaporating premiums due to time decay, so these are quick-strike opportunities only. We’ll be looking for the classic early dip and rip pattern, which should present those chances for intraday flips.

*Be aware that this idea is extremely high risk, and for advanced level traders only!


Extended Watchlist:
TVPC, DDD, MITK, ADAP, ARGS, IOVA

Blue Horseshoe Stocks: Earnings Season Continues to Yield Results

Sarepta Therapeutics, Inc. SRPT – Update

We caught SRPT yesterday after the stock had just registered a new annual low on Tuesday, and recognized an opportunity to pounce on some short-term gains using the options chain. We said we wanted to see the stock flirt with the swing high from the previous session, and it did just that. Our options idea of tracking the SRPT Weekly $10.50 and $11 Calls worked out immediately.

We witnessed a range on the $10.50′s from .40-1.35 (+237%) and from .39-1.01 on the $11′s, an intraday pop of 159% But those big gains are going to pale in comparison to the new highs we’re going to witness this morning as the stock has gapped up with vigor in the premarket this morning to a new high of 14.40.

In the stock itself, that’s an impressive overnight swing of 38% and as we said, those options contracts are sure to show us new highs as things get going today. All in all we’d have to say that we made a heck of a bottom call on SRPT, and will continue to track its progress.


Options – More Updates, More Ideas

We also want to follow up with the Idea we had from earlier in the week, the BP Weekly $32-33.50 Calls, which already provided us gains ranging from 30-95% on Tuesday. There were intraday profits to be made for the second straight day, which were as follows:

$32 Calls – Trading Range: 1.55-1.88 – Max Gain: 21%
$32.50 Calls – Trading Range: 1.10-1.40 – Max Gain: 27%
$33 Calls– Trading Range: .62-1.06 – Max Gain: 71%
$33.50 Calls – Trading Range: .35-.57 – Max Gain: 63%

We had a good two-day run with BP, but with Q1 earnings season in full swing, its time to turn our attention to the next opportunity.

That’s going to come in the form of Facebook Inc. FB options. The stock is gapping up to new all-time highs at the moment in the wake of its own earning beat, currently trading over $121 in the premarket.

Provided it holds support at the previous all-time high of 117.59 on any pullbacks, we are going to want to pay close attention to the FB Weekly $118-122 Calls. If the momentum appears strong enough, we may even consider rolling up our strike price to the $123-level and higher, as the situation dictates.


Others to Watch

Finally, we have a couple of other plays to add to a watchlist this morning. Aeterna Zentaris, Inc. AEZS, and Immune Pharmaceuticals, Inc. IMNP.

We first began tracking AEZS in 2016 in late January, shortly before witnessing a low of 2.71 (02/11). The stock has made a couple of nice moves in recent months, and is currently gapping up in the premarket to new high 4.87. That represents an 80% over our observed low from a few months back. We’ll have our eye on its activity as things kick off this morning.

In the case of IMNP, we’ve got a stock that has seen a good deal of insider buying, and is trying to maintain an uptrend off of its recent lows over the past few sessions. It’s gapping up slightly this morning to .43, so we’re going to want to watch for a break of the current 50DMA of .46 today.

We also want to pay attention to Dreamworks Animation SKG Inc. DWA which we signaled in yesterday’s report over buyout talks that were occurring. The buyout has been confirmed, so hold on to your hats if you made entry at yesterday’s prices!


Extended Watchlist:
MITK, FIT, DLB, ABKI(Bottom-bouncer)

Blue Horseshoe Stocks: Weekly Wrap-Up

Pazoo, Inc. PZOO

PZOO made positive strides this week, as you can see on the chart we’ve included below which has been building up in terms of highlights. When we first began watching this play on 10/20 (low of .0225) we were looking for it to break its 50DMA, which it did. To begin this week, we wanted to see the 200DMA surpassed and that happened as well. A number of bullish indicators, as well as an exciting PR out this morning, has PZOO once again near the top of our watchlist to close out the week.

With MA & Associates having just become one of Nevada’s first State-Licensed Medical Marijuana testing facilities, we were pleasantly surprised to see that the company has already secured its first client. We urge you to check out the PR right away:


Planar Systems, Inc. PLNR

We also wanted to do a quick recap on PLNR, one of our extended watchlist plays from yesterday.

The stock came off of a morning gap up to trade in a range from 6.11-7.05, a modest yet solid 15% intraday move on the heels of an earnings beat.


Extended Watchlist:
RMTI, CNET, MITK, RPRX, JNUG