Blue Horseshoe Stocks: Pot Stocks Heating Up Again

Pot Stocks Still Heating Up

We have literally never stopped pounding the table on our interest in marijuana related stocks for more than five years now. While we cover something in the space practically every day, occasionally we sense a greater trend coming for the sector as a whole and issue reminders to our readers accordingly. The last such post, we published on November 9th, reminding our audience that we expected a resurgence heading into 2018, which figures to be a huge year for cannabis based business in general.

We gave a list of a handful of the symbols we routinely track which included MJNA, TRTC, MJTK, AGTK, GRNH, HEMP, ACBFF, APHQF,  TWMJF, and CBIS.

GRNH and CBIS are have always been two of our favorites, although as we said, the sector as a whole will continue to be a major point of focus for us going forward. GRNH. since November 7th, has trended up from a low of .0341 to a high of .072; an increase of 111% Meanwhile, CBIS, in the same span has run from .0311 to .11, for a big 254% rise.

Some of the other fantastic moves to come out of that watchlist are as follows:

MJTK – .0005-.0028 – 460%
APHQF – 6.14-13.75 – 124%
AGTK – .0099-.0415 – 319%
ACBFF – 2.77-6.86 – 148%

These are just to name a few. Our docket of cannabis plays that we follow regularly is far too large to update all in one report, but once again, we’re going to be placing a high amount of focus on everything pot related heading into and throughout 2018.


Applied DNA Sciences, Inc. APDN

We also would like to highlight APDN, a stock that has an interesting bottom setup on the chart. As you can see on the included snapshot, the PPS has been beaten back to its lowest levels since this summer, and are hovering around a solid support level.

Couple that with the company being slated for a post-market earnings report, and we’ll be interested in tracking the activity in APDN at least through the remainder of this short week, and possibly into the upcoming short week as well.


Extended Watchlist:
ALSK, ATOS, CAG, CLNT, HMNY, WATT,

Blue Horseshoe Stocks: Cannabis Commentary & More

NeoPhotonics Corp. NPTN

We’re always bargain hunting for stocks that have been recently beaten back to what appear to be unsustainably low levels, and we’re observing one heck of a double bottom setup on NPTN at the present time.

Twice now the stock has touched and rebounded off of the mid-$4 range, with the annual low coming in at 4.56. We’re going to want to place NPTN on watch in sessions to come and look for the stock to establish higher levels of support.



Valeant Pharmaceuticals International, Inc. VRX

It’s been awhile since we had a look at VRX, and as it turns out, this is another stock that looks ready to start a trend off of a recent relative low.

VRX is gapping up considerably into the $14-range this morning on the heels of a solid earnings beat. We’re going to signal a range of options contracts to watch for some possible dip-and-rip activity. This is just the type of setup we routinely look for, and we’ll be tracking the VRX Weekly $13-14 Calls for the remainder of the week.



Cannabis Commentary

It has been a slow year in general for many domestic cannabis stocks, due, at least in part, to a DOJ led by outspoken marijuana opponent Jeff Sessions. It has created an environment of uncertainty pertaining to the federal government’s likelihood of creating problems for marijuana businesses, even in states where voters have officially spoken and legalized the plant. The marijuana movement is here to stay, but at present, is dealing with this roadblock of sorts.

That doesn’t mean our interest in the sector has diminished. In fact, we’re as exuberant about the future of the cannabis industry as we ever were. North of the Border, Canadians will enact a nationwide end to prohibition just 8 months from now.

The World Anti-Doping Agency, which was formed by the International Olympic Committee to police the use of performance enhancing drugs in athletics, also recently removed Cannabidiol (CBD) from its list of banned substances, opening up a huge market for the hemp-derived product.

Here are just a few of the cannabis plays that we track on a regular basis, and will continue to do so as we head into 2018, which we feel is going to be a big year for the industry and all of its subsectors. Maybe the biggest one yet!

MJNA, TRTC, MJTK, AGTK, GRNH, HEMP, ACBFF, APHQF,  TWMJF, CBIS, XXII,


Extended Watchlist:
TXMD, EVEP, DXTR, COLL, CRC

Blue Horseshoe Stocks: The Incredible Run of OWCP & More

OWC Pharmaceutical Research Corp. OWCP

Our primary order of business this morning is to do a nice recap of what is perhaps the most profit-potential-packed pick in the long history of our newsletter’s existence! We’ve had percentage gainers of 5,000, 10,000 with relative regularity- and even the occasional 20,000 percenter- but nothing even approaching the move we’ve witnessed since tagging OWCP as a bottom play this fall, in our premarket report from September 29th.

The climb from the .0036 low we observed that morning would have been difficult to fathom at the time, but over the next four months, it has gone on to impress in a monumental way. Despite slight consolidations along the way, OWCP has persisted through multiple patches of resistance in arriving at yesterday’s new high of 2.10, marking a ridiculous overall run of 57,956%

Considering the fantastic bullish close the stock had yesterday, we wouldn’t even be surprised to see our unreal observed range extended even further over coming sessions.


Wal-Mart Stores, Inc. WMT – Options Update

In yesterday’s premarket report, we updated readers on our WMT options idea from January 31st. We were looking for an extended-term rebound when we signaled the WMT 03/03 $68-$69.50 Calls, and that’s exactly what we’ve gotten.

Leading into yesterday’s session we touted the excellent gain opportunities we had seen to that point in our selected contracts, which ranged from 166-246% We also made it a point to caution that with the way the stock was behaving in the premarket, we expected to see those ranges extended in a significant manner.

As you can see from updated figures below, the overall ranges on our observed plays were more than doubled with yesterday’s activity:

$68 Calls – Range: .86-4.20 – Max Gain: 388%
$68.50 Calls – Range: .57-3.75 – Max Gain: 558%
$69 Calls – Range: .48-3.25 – Max Gain: 577%
$69.50 Calls – Range: .41-2.75 – Max Gain: 570%

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FRESH OPTIONS IDEA:

Garmin Ltd. GRMN – On the heels of it’s impressive earnings beat, we’re going to tag the GRMN 03/17 $52.50-60 Calls for observation this morning.


Extended Watchlist:
PPHM, OXIHF, VDRM, MJTK, TOL