Tag: OMHE

Blue Horseshoe Stocks: Strong Start to the Short Week

Even during a time of relatively high uncertainty for the markets at large, and on a short trading week, which are often more subdued than a typical week, we still managed to suss out a wide range of interesting plays in yesterday’s premarket report. Therefore, the bulk of today’s offering will be comprised of performance updates.

ViaDerma, Inc. VDRM

VDRM turned out to be the crown jewel of yesterday’s report, undergoing a massive intraday run that offered up chances at huge single session gains. We initially tagged the stock before adjourning for the holiday weekend on Friday morning. and it responded with a pop from .0048 to .0087 (+81%).

We kept it in yesterday’s report, and that’s when it really kicked into high gear, trading in a range from .00845 to an incredible new high of .0242. That worked out to a single-session romp of 186% and extended our observed gains over a two-session swing from Friday to 404%

Congrats to any of our readers who were able to hitch a ride on this wild breakout!

mCig, Inc. MCIG

As we reminded readers yesterday, MCIG was among those stocks we mentioned in our first report of 2017, subsequent to which, we would observe a low of .1599.  We then saw two weeks of a notable uptrend which brought us to yesterday’s session.

Despite already having attained a new all-time high on Friday, MCIG kept the train rolling with a solid intraday performance leading to another new high. The stock traded in a range from .388 on up to .505, a 30% push which occurred on roughly 5x the monthly average volume.

The bullish move extended our overall observed range on MCIG in just over two weeks to a whopping 216%  Any further moves from here would just be icing on the cake, but we’ll want to leave MCIG on our radar screens because a dip-and-rip pattern could be forthcoming before the week is through.

Retractable Technologies, Inc. RVP

The posting of a Form-4 filing last week, along with its positioning on the chart is what led us to focus upon RVP as a “prime bottom-play” in yesterday’s premarket report.

We were correct in doing so, timing the bottom precisely as RVP went on to rebound, trading in a range from .94 to 1.16. While that works out to a modest increase of just 23%, RVP did close just slightly below that high of day, and this morning has reached as high as 1.18. We’ll be very interest to continue tracking its activity, looking for the recording of higher highs and higher lows en route to a sustained uptrend.

PureSnax International, Inc. PSNX

Also appearing in yesterday’s newsletter was PSNX, a subpenny play which also enjoyed a sizable PPS increase on heavy volume.

The stock traded in a range from  .00239 to .0035, an intraday gain of 46%, with more than 11x the monthly average volume of shares changing hands. The price tapered slightly into a close at .0028, but provided the stock maintains support above yesterday’s swing low, we’ll remain interested in PSNX.

Delcath Systems, Inc. DCTH

We also want to quickly point out what may very well be another prime bottom-play setup for DCTH. We’ve annotated the chart snapshot below to illustrate why we’ll be tracking this one as well as we head through midweek.

Extended Watchlist:
MJTK, MYHI, CVSI, LEXG, OMHE, REXX,

Blue Horseshoe Stocks: Yesterday’s Major Movers & More

It was a great start to the 2017 trading year yesterday, with multiple movers offering up opportunities for solid single-session gains. In addition to a handful of the stocks we were watching streaking their way upward, our options idea also fared well, with the markets in general kicking off the year on a strong note.

Mountain High Acquisitions Corp. MYHI – First up is MYHI, which exhibited a big breakout from a low of  .09 and running as high as .1745. That was good for the largest intraday gain, coming in at 94% and occurring on considerable volume.

We’ll continue to monitor the situation with MYHI, and possibly be on the lookout for a dip-and-rip pattern. Should the stock briefly come down off of these highs, there could be another opportunity to time the subsequent bounce. 
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Oceanic Research & Recovery Inc. ORRV – ORRV has continuously pushed the envelope since we first began talking about it a week ago today and yesterday was no exception. We observed yet another big run, with the stock jumping from .0019 to a new high of .0036. That goes down as an intraday pop of 89%, and extends our observed range on this play inside a week by a considerable margin.

As of the .0005 we witnessed last week, yesterday’s top mark represented a total upswing of 620%

*Side Note: Anyone who participates in our daily traders chats could have gotten in even lower the previous day, at .0003, from which point yesterday’s new high marked a move of 1100%  *Send a Skype contact request to “stocksumo” to participate in our in-session traders chats!
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Hiru Corp HIRU – Another excellent play was HIRU, which started the day off at a low of .0008 and persisted with a steady climb throughout the session to wind up closing at its high of day, at .0013.

That was a daily increase of  63% and of course, anytime we see a stock end the session at its high, we always want to be on the lookout for continued momentum.

ProShares Short VIX Short-Term Futures SVXY

Suspecting that the bullish premarket sentiment would spill over into yesterday’s trading session, we signaled some options in the SVXY chain, namely the SVXY Weekly $93.50-95.50 Calls.

While we didn’t sweep the range in terms of hefty gains, there was considerable open interest in two sets which allowed for significant profits- the $94 and $95 Calls. The $94’s ran from  2.30-3.64 (+58%), and the $95’s traded up from 1.75 as high as 3.39 (+94%)
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Abercrombie & Fitch Co. ANF – Fresh Options Idea

We want to signal a range of options ideas for ANF, which is just coming off of its annual lows, and showing some signs of a reversal.

We’ll want to be ready to take advantage of a recovery, by using the ANF 02/17 $12-15 Calls, which gives us several weeks for a rebound to materialize. That being said, the gain opportunities could come sooner rather than later, so we want to be mindful of that.

Extended Watchlist:
BTCS, CNXS, OMHE, VHUB, OXIS,
NUGT, JNUG(In-the-Money Weekly Calls)

Blue Horseshoe Stocks: Wrapping Up the Short Week

Before we close out this 3-and-a-half day week, we’d like to take this opportunity to say, we hope everyone enjoyed the Thanksgiving holiday! We’re thankful for having such a great audience of faithful readers! You folks are the reason we get out of bed each day to provide our best insights and ideas on stocks, funds, and options! Cheers to you and yours!

 
Omni Health, Inc. OMHE

We included OMHE as a part of our extended watchlist on Wednesday morning, and the stock followed that up with a respectable performance on the day, despite a very quiet session, as is to be expected just preceding a holiday.

OMHE traded in a range from a low of .026 to a subsequent high of .038, which worked out to an intraday gain of 46% and it came on relatively heavy volume to the tune of nearly six times the monthly average.

Our timing in mentioning this play for the first time ever on Wednesday, was as good as can be, as the stock surged to a new annual high on the day. For these reasons, we’ll be sure to leave this play on our radar in sessions to come.

In an added note, Omni Health is actually a spinoff of a cannabis stock that we have mentioned in the past- MCIG.

Cannabis Roundup

Speaking of cannabis plays, we’ve continued to track the sector on the heels of this month’s elections, as was our intent. On the whole,  activity has been more subdued than expected due to a number of other hot-button areas that have enjoyed good performance, such as the shipping sector boom that we took advantage of a couple of weeks ago.

That being said, we are still as interested as ever in the marijuana space, and many of the plays we’ve been monitoring in that area put up solid numbers just prior to the holiday hiatus, so we just want to provide a quick update on the kind of intraday gains that were made possible:

Medical Marijuana, Inc. MJNA – Range: .083-.115 – Max Gain: 59%

Marijuana Co. of America, Inc. MCOA – Range: .0251-.0575 – Max Gain: 129%

American Cannabis Co. Inc. AMMJ – Range: .461-.8689 – Max Gain: 88%

Vape Holdings, Inc. VAPE – Range: .0058-.0115 – Max Gain: 98%

As always, we’ll remind everyone to keep a general watch over any and all pot plays, as you see the level of opportunity that the sector continues to bring to the table.

Extended Watchlist:
UHLN, LEXG, CRVW, BCCI, BABL, KGKG