Blue Horseshoe Stocks: Bottom-Plays, Updates & More

BioNovelus, Inc. ONOV

For the third day in a row we’re bringing our readers up to speed on new highs for ONOV, a stock we’ve been tracking since  April from a low of .006, which has been continuing to break out like crazy this week.

We said in was in blue-sky territory in yesterday morning’s premarket report, and it did indeed continue to soar into the atmosphere. From an early low-of-day at .11 it got a boost all the way up to its new high of .15. It went down in the books as a 36% intraday pop, and a megalithic move of 2400% over our witnessed low from earlier this spring!

Cheers go out to any of our readers who were able to carve out a slice of the ONOV pie, it’s been quite a ride thus far!

Bottom-Play Possibilities:

As most of our audience is surely aware by now, we love a good bottom-bounceplay opportunity, and in the past, catching stocks that have taken recent beating at just the right moment has served us quite well. We’ve got a couple of potentials in that arena this morning that we’ll want to have an eye on over the next few sessions.

Infinity Pharmaceuticals, Inc. INFI – This is a classic case of negative hype and unfavorable news simultaneously converging to form a perfect storm of stock bashing. Just look at the massive gap on the chart, even a partial re-filling of which would produce sizable gain opportunities. The enormous selloff which occurred led to new lows, but INFI gave something of a bounce signal during yesterday’s session, so we’ll be quite interested to see how the activity unfolds from this juncture.

FXCM, Inc. FXCM – Also giving off a strong bottom signal is FXCM, a stock we rode to multi-bag gains back in December. We want to come back and give some attention to this play as it has come down to find support near its 6-month lows, and appears ready for a possible rebound. We’ll want to be watching for when that occurs.

Extended Watchlist:
CRDS, MUX, AG, NUGT, GDX, AEGR(Bottom-Watch)

PTRC, CLNO & Extended Watchlist

Petro River Oil Corp. PTRC
This stock appeared in our extended watchlist on Thursday, at the time trading as low as .28.  Friday’s session brought a high of .45 for an overnight gain of up to 61% on over 6X its 3mo. average volume.

Congrats to any of our readers that were able to take advantage of that timely alert.


Cleantech Transit, Inc. CLNO

CLNO has been a stellar gainer for us lately. We wanted to highlight the news out this morning, which alludes to the acquisition of three companies that have worked with CLNO in the past, and will now fall under the Cleantech umbrella.

While the stock continues to rise, we want to attach the same word of caution we issued on Friday: CLNO has been in a consistent uptrend for quite some time now. Like any monumental gainer, we always want to pay special attention, remaining open to further gains, all the while staying cognizant of the fact that a pullback could happen at any time. Trading with tight stops on plays such as this is highly recommended.

LAS VEGAS, NV – 07/01/2013 – In its ongoing efforts to advance its strategy of developing significant market share in the alternative clean energy sector, environmental commodities, and environmental finance, CleanTech Transit, Inc. (CLNO) today announced that it has entered into an agreement to acquire Shamrock S Tree Products, LLC, Shamrock S Pollination, Inc., and Shamrock S Trucking, Inc.. (the “Shamrock Group”). The Shamrock Group has worked with Cleantech’s Discovery Carbon subsidiary for the past 2 years as a key affiliate.

It’s worth mentioning that despite recent gains of epic proportions, CLNO is still receiving a “100% Buy” Rating at BARCHART.COM.

Side Note:

At least one of the plays from the solar sector watchlist we highlighted on Thursday appears ready to start the week on a high note.

Specifically, CSIQ appears to be gapping up nicely. We’ve been talking about CSIQ since May 21st. Since that time, we’ve seen a low of 7.09. This morning the stock is trading pre-market at 11.71. That’s an increase of 65%

Extended Watchlist:
 WAVX, INO, MUX, ZBB (Coming off of recent lows)