Tag: MY

Blue Horseshoe Stocks: Commenting on PBR & More

Petroleo Brasiliero S.A. (Petrobras) PBR

Amid allegations of money-laundering and bribery which extend high up into the Brazilian government (including former PBR board member and President Dilma Rousseff) the sixth-largest energy company in the world, and a point of focus for us all year, could be forced to write down billions in assets and reduce dividends. The company’s Q3 financials are being delayed indefinitely as a result.

The long-term implications of such a scandal are too vast and varied for us to make even a brief assessment accurately. What we can do is stay extra tuned to the PBR newsfeed to stay as up-to-date as possible on current events and adhere to our technicals, because we can still see potential on the chart.

On Tuesday, PBR hit its all-time low of 8.80. but has since made higher lows and higher highs over the proceeding sessions. After we tagged it on Friday morning, there was a 9% intraday move from 10.08 to $11, and this morning the premarket high is 11.51, which will act as immediate resistance as the session kicks off. We’ll want to see support hold at roughly 10.85, but if PBR can break past this morning’s high to confirm its continued uptrend, the next thing we’d be looking for is the filling of a gap on the chart from approximately $12-12.50.

As far as options go, we’re presently looking at the Jan 17th $10 and $11 Calls, provided the current trend continues.

Prosensa Holdings (N.V.) RNA

RNA is a stock that we tracking periodically this spring and summer, and we just wanted to comment quickly on the buyout offer the company announced this morning. In a $680M deal, Prosensa will receive around $17.75/share from buyer BioMarin Pharmaceutical.

Following an alert we put out on RNA back in May, the stock was trading at a low of 7.96; this morning’s premarket high of $19 means we’ve seen more than a 130% move in this play over a span of about 5 months.

Extended Watchlist:
MOLG, GERN, CIMT, SYN, AEMD, MY

Blue Horseshoe Stocks: Updates on IGC, MY, NEWL & Extended Watchlist

Extended Watchlist Winners:
Yesterday’s Extended Watchlist unearthed a couple of gems, so let’s start things off today by congratulating those who were able to capitalize on the ample chances to profit that these plays offered:

India Globalization Capital, Inc. (IGC)

IGC rewarded us for our attention with a bullish session that saw its low before 10am and ran into the close. From a daily low of 1.27, the stock pushed its way all the way up to 2.08, a highly respectable 64% intraday move, with a couple of vital swings in between that could have been timed for even more opportunities.

It did so on roughly 40x its 3-month average volume, giving us another clue that this could be a play with continued momentum. Even now, in early pre-market trading the stock has run as high as the 2.20’s so we’ll be on the lookout for one of two things; either the momentum carries it further, or profit-taking causes a pullback, in which case we’d be watching for a classic dip-and-rip on the rebound.

If the severity of yesterday’s swing action on the chart spills over into today, there could in fact be several intraday moves that we may be able to use to our advantage.

China Ming Yang Wind Power Group Limited (MY)

The other success from yesterday’s watchlist was MY. This play was one of the most gradual gainers you’re likely to see. Following its daily low of 2.83 it stair-stepped its way into the close at its high of day at 3.63. That was good for a solid intraday gain of 28% on more than four times the 3-month average volume.

Much like the previously mentioned play, we’ll be looking for MY to possibly continue its upward movement today after settling down from what appears to be another pre-market gap-up. In morning trading so far, the stock has pushed past yesterday’s high; if we see another dip-and-rip today it will be the third consecutive session in which one has occurred.

NewLead Holdings Ltd. NEWL

As we stated yesterday, we’ve been following NEWL for awhile now, and the recovery we’re seeing off of its recent bottom of .3867 has sprouted into a multi-day run that has been nothing short of impressive.

The stock gained even more ground following our morning report, wherein we mentioned that we wanted to see a break of the pre-market high of 4.20. We got that and more, as NEWL went on to reach 4.79 with volume 15x greater than normal.

Modest intraday gains of 26% were possible with NEWL yesterday, but the truly impressive figure is the five-session increase we’ve now witnessed from the above-mentioned low to yesterday’s high, which stood at 1138%

The stock also landed us in the Penny Stock Rumble for the day’s largest dollar-volume pick, with more than $160M worth of shares changing hands on the day.

Added Comments:

The markets as a whole had their best day all month on Wednesday, and it translated into gains for us. The overall sentiment is that conditions should remain favorable as long as the Fed holds off on any changes in interest rates. Following the revelation that there would be no increase at this time, the following four major players began to run:

FB, GOGO, PCLN, TSLA

We’ll be monitoring the Options Call action on all of these big-board plays for continued momentum today.

Extended Watchlist:
RENN, ROYL, CTIC, NIHD, LIQD

Blue Horseshoe Stocks: ACGX, NEWL & Extended Watchlist

Alliance Creative Group, Inc. ACGX

The last time we looked in on ACGX was on May 15th, and the stock had just run into some resistance in the .006 area for the second time in as many weeks. Since then, we’ve been monitoring for a break of that key level on the chart, and it finally occurred yesterday during quite a fruitful session.

ACGX made a respectable intraday move from .0046 to .0064 on greater-than-average volume, giving traders the chance at rapid profits of up to 39%

The stock closed out the day having held the majority of its gains (.0058) so, as we go forward, we’d like to see it once again overtake the .006-level and hold support at or above that mark.

We haven’t had any updates from the company since it reported record revenues early this month, so we’re going to be watching the press wires closely. Alliance seems to make a habit of keeping its shareholders apprised of current events with regularity, so we wouldn’t be surprised to see an update come down the pipe in the relatively near future.

Recent Press:

Alliance Creative Group (ACGX) Reports Record Revenue of $3,299,009 for Q1 of 2014, a 34% Increase From Q1 of 2013 and Net Income of $326,796 for an Increase of 237% Compared to Q1 of 2013 (Mon, May 5)

Alliance Creative Group, Inc. (ACGX) Announces That It Will Be the Official Printing and Packaging Sponsor Along With Being a Presenter for the 1st Annual Cannabis Investor Conference in Denver, Colorado (Wed, Apr 30)

NewLead Holdings Ltd. NEWL

We’re glad that we re-mentioned NEWL in yesterday’s report despite the fact that it was already in the midst of a major run, because the stock kept on pushing its upper limits, running from a daily low of 2.40 all the way up to 3.81 marking an intraday move of 59%

This morning it appears as if NEWL wants to continue pushing the envelope, as it has reached as high as 4.20 in pre-market trading. That represents an overall move of 986% from the low of .3867 we observed just four sessions ago.

Granted the fact that we originally placed it on bottom-watch on May 9th, NEWL is definitely making its case for becoming one of our best bottom-plays of the year.

This morning’s pre-market high of 4.20 will be the area of resistance we’d like to see broken during today’s session.

Extended Watchlist:
LIQD, IGC, MY, HERO, NQ, IDN