Blue Horseshoe Stocks: VNDA, NQ & More

NQ Mobile, Inc. NQ

Yesterday, we pointed out all the reasons why we felt that NQ was in a good position to make a run, and we certainly hope folks took it to heart, because the stock followed it up with an solid session.

We first observed a morning low of 9.40, and NQ subsequently made a healthy move to a high of 10.85 on the afternoon, which was good for an intraday gain of 15%

On the options side of things, the $10 Calls dipped as low as .35, and went on to trade as high as a 1.00. This provides a good example of why we’ve gotten more and more into trading options on big board plays. Even just a modest move on the chart can translate into huge gains on the right contracts.

NQ is gapping up to the tune of another 5% this morning, so we’ll continue to keep an eye on things as we head into week’s end.

So far, from the low we observed following our tag of NQ toward the end of last month (6.25) we’ve seen gains on the order of 77%


Vanda Pharmaceuticals, Inc. VNDA

VNDA was another NASDAQ-listed stock that appeared in yesterday’s report on the Extended Watchlist. It would trade in a range from 11.00-12.99, an 18% increase. Another modest move compared to what we’re accustomed to with the pennies, but coming from a big board play, 18% in a single afternoon is very impressive.

Like NQ, VNDA was trading near a relative bottom when we passed it along to readers, and with this new-found momentum, it will be interesting to see what happens next.

Whether or not VNDA can crack through its 50DMA (13.04) is going to be the deciding factor as to whether there’s more upside here. Yesterday’s high came in just shy of that mark, so we’ve got some resistance to contend with, but we’ll certainly be monitoring very closely for a break of that level on the chart.


Shamika 2 Gold, Inc. SHMX

SHMX is a sub-penny breakout play that we want to add to our radar this morning. Yesterday the stock traded 9x its 3-month average volume, and traded in a range from .0003-.0006. It always a good idea to be cautious when dealing with these triple-zero stocks, but as most of you know, when the potential risk is high, the potential rewards can be even higher.

We’re going to monitor this play for further activity, more specifically, a potential dip-and-rip. Should SHMX taper off and pull back, that’s where we’ll be waiting to strike. Correctly timing the bottom on one of these super–subpenny stocks can treat traders to a heck of a bounceplay as we’ve seen so many times in the past.



Side Note: AAPL Options

AAPL continued to break out yesterday past last week’s swing high of 644.17. Remember, on Monday we reminded everyone that the AAPL options chain was a good candidate to provide us with opportunities over the course of the week, and that has certainly been true thus far.  The $640 Calls were as cheap as 1.35 on that day, and by yesterday, they were going for as much as 9.50.

Huge moves like that have almost become commonplace, as we’ve tracked AAPL through a more-than 100-dollar increase in just the past couple of months.


Extended Watchlist:
NEWL, S, HALO, AXAS, GIGA, BBRY

Blue Horseshoe Stocks: AAPL & ORFG Updates, Extended Watchlist

AAPL Options

At the risk of starting to sound like a broken record, anyone who was into the AAPL Calls that we were monitoring last week would have had a smile on their faces on Friday.

AAPL pushed its way up to highs over $644, which sent all the contracts that we were looking at into a frenzy; there were so many big gains, we won’t bore you with all of the individual figures, let’s just say that saavy traders could have managed to come away with gains on the order of several hundred percent.

Adding that performance to all of the progress in prior sessions, and AAPL easily qualifies as our biggest potential money-maker over the past few weeks.

Apple’s annual Worldwide Developers Conference begins today, and remember, there’s also a forward split coming, so there’s every chance that we have yet to see what AAPL, and more specifically, AAPL options, can really do for us.

Timeline of the Upcoming Split:

The Record Date – June 2, 2014 – determines which shareholders are entitled to receive additional shares due to the split.

The Split Date – June 6, 2014 – shareholders are due split shares after the close of business on this date.

The Ex Date – June 9, 2014 – the date determined by NASDAQ when Apple common shares will trade at the new split-adjusted price.


Orofino Gold Corp. ORFG

Our other interest from Friday also made some progress; ORFG registered higher lows and higher highs for the third consecutive day. We picked up on this play Thursday, and would observe a low of .0175 at that time. On Friday the stock pushed as high .0255, which marked a nice 46% move over the span of just two sessions.

The chart is still looking pretty ripe, as we’ve pointed out below. If ORFG can break through the channel of resistance in the .026 to .03, we could be looking at even bigger gains, so we’ll be staying tuned.


Extended Watchlist:
ARIA, HCT, IMUC, NEWL, NQ, INO, DARA(Still on Bottom Watch)

Blue Horseshoe Stocks: AAPL, ORFG Updates & Extended Watchlist

Update on AAPL Options

We’ve been tracking AAPL pretty intensively over the past couple of weeks, beginning on the 14th of this month. What has followed has been a very impressive uptrend, as we’ve witnessed a move in the stock from a low of $588 to this morning’s pre-market high of $639; that’s a 50-point move in just a couple of weeks.

Between the Beats rumor, the fact that AAPL has a forward split coming, and the approach of a new iPhone which will reportedly boast a larger screen, it seems there is a lot of speculation in the air, and we’ve done well in using it to our advantage.

Last week, we were afforded the chance at percentage increases in the hundreds and thousands from Calls in the $605-610 range, and with the continued uptrend exhibited by AAPL this week, the opportunities were still ripe for the picking in some of the pricier contracts. For example, the $627.50 Calls ran from a low of 1.97 on Wednesday, to a high 9.80 during yesterday’s session, an overnight gain of up to 397%, and appear to be gapping up even further this morning.

In the event of a sustained uptrend in AAPL, we’ll be monitoring the $635-640 Calls, making sure to keep our strike price relatively close to the money.


Orofino Gold Corp. ORFG

ORFG turned out to be a good call for us as the main feature of yesterday’s report, as the stock came down to a low of .0175 in the morning, before showing us a high .0249 shortly before the close. That equates to a solid 42% intraday gain for this bottom play.

We observed higher highs and higher lows in ORFG, and it managed to maintain well over half of those gains into the close (.0229), so we’ll continue to keep an eye on this play moving forward.

The company signed a couple of LOI’s this month, so we’ll be interested to see how those pan out as well:


Extended Watchlist:
FLST, PLX, OPTT, ARRY, NEWL, DARA(Gapping down, potential bounce?)

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