Tag: ONOV

Blue Horseshoe Stocks: Revisiting VMEM, ONOV & More

Violin Memory, Inc. VMEM

This morning, we’re going to take a minute to go over the recent performance of a stock that we tagged for tracking on June 1st. At the time, we were noticing that VMEM, after a period of sharp consolidation that led to its 52-week lows roughly a month ago, was rebounding nicely.

Subsequent to our mention of the stock we observed a low of .482, and in the ensuing two weeks, it’s been mostly trending upward as you can see on the chart below. It has since reached a high of .79, representing a total increase of 64% over our observed low.

To remain interested in VMEM, we’ll need to see it hold support at or above its recent swing-low at .56 on any pullbacks.

BioNovelus, Inc. ONOV

We’ve got another stock in ONOV that we had previously mentioned earlier this spring, which has also managed a near-continual uptrend of late.

Following our alert of this play back on the 26th of April, it was trading for as little as .006 a share, and as you can plainly see, the climb it’s made since that time has been nothing short of monumental. The stock incredibly hit a new high of .103 yesterday, which registers as a 1617% upswing over our observed low!

Despite being quite overbought at the moment, we’ve got the indicator of all indicators, a Golden Cross, forming on the chart. Should the stock hold support at .04 or better on any dips, we’ll remain watchful for the possibility of further breakouts.

Extended-Term Watch Idea:

Motorcar Parts of America, Inc. MPAA – We took notice of MPAA this morning after the company’s mixed earnings release. We are seeing a number of attractive features of this stock at the moment, and want to put it on a longer-term watch. Not only is it currently feeling out its 52-week lows, but there has been a wave of Form-4 Buying that has been reported over the past week. These are attributes which have led us to good bounceplay opportunities in the past, so we’ll keep an eye peeled.

Extended Watchlist:
SOUM, GRLD, SFBE, ERHE, IMNP, SGY, YGE,
ADTM(Back on bottom watch)

Blue Horseshoe Stocks: TLOG Recap, Options & More

TetraLogic Pharmaceuticals Corp. TLOG

We pointed out what we felt was an interesting chart on TLOG yesterday morning in our premarket report, and the stock ended up being our top performer of the day.

We witnessed an intraday run from .31 to .62, a perfect 100% double-bag rip and it came on roughly 16.5X the three-month average trading volume. The stock ended the day at .49, sustaining more than half of its daily advance into the close. That puts us on momentum alert for the possibility of another solid session today.

Remember, there’s still an enormous gap to fill on the chart from around .65-1.50, so if we can see a testing of the lower limits of that gap, things could get mighty interesting with TLOG really quickly. We’ll be sure to stay on alert.

BP plc (BP) – Options Idea

After an interesting mixed-result earnings release in which BP reported an 80% slide in profits for Q1, yet still managed to beat estimates, we’re seeing an interesting bit of premarket activity. With the stock having gapped up roughly a dollar, we’re going to go ahead and signal a range of options that should fare well if the sentiment in early trading prevails during the session.

Of course we’ll have to keep our eyes peeled for an early dip-and-rip, but if things unfold the way we suspect they may, we’ll be very interested in tracking the BP Weekly $32-33.50 for potential daytrade/swing trade chances as we head into midweek.

Eleven Bio-Therapeutics, Inc. EBIO – Update

We also want to track back to a call we made on Friday, April 15th, suggesting our readers watch the stock into last week, and it ended making an excellent six-session Friday-to-Friday swing of 227%

The stock ran from a low of .52 to 1.70, and just began to consolidate yesterday as we kicked off the new trading week. Now that we’ve followed EBIO on the way up, we’ll continue to monitor it as it comes down, staying ready for any bounceplay opportunities that might present themselves.

Extended Watchlist:
STEV, ONOV, HPTG, EARI(Bottom-bouncer)

Blue Horseshoe Stocks: SWHC, AHIX Recaps & More

Smith & Wesson Holding Corp. SWHC – Options Update

Chances for multi-bag gains from our multitude of options trading ideas became downright commonplace in 2015, and our very first options idea of 2016 held to that standard quite nicely.

We cited a couple of reasons behind our logic in signaling the SWHC $24-26 Calls
for observation in yesterday’s premarket report, and were rewarded with generous moves in every set of contracts in that range:

$24 Calls – Trading Range: 1.55-2.70  – Max Gain: 74%
$25 Calls – Trading Range: .88-1.90 – Max Gain: 116%
$26 Calls – Trading Range: .46-1.20  – Max Gain: 161%

In addition to these primary gains that were made possible by the trading action in SWHC, each set underwent dip-and-rip scenarios over the course of the day, and ancillary profits were possible in each case.

Rest assured that this winning selection in the SWHC chain was only the first of many quick-strike options opportunities we’ll provide via our reports in the new year so stay closely tuned!

Aluf Holdings, Inc. AHIX

AHIX was the big gainer from yesterday’s premarket report on the stock side of things. Although it both started and finished in subpenny territory, in the interim the stock made a solid journey into Pennyland as it ran from a daily low of .0031 on up to .0117. That equals an intraday rip of 277% on big volume on the order of nearly 7X the 1-month average.

The PPS did taper back toward the end of the day, but maintained a good majority of the advances we observed into a close at .0084. Between that and the heightened volume, we’ll need to keep a slot on our radar screens reserved for AHIX.

Carolco Pictures, Inc. CRCO

CRCO is a stock we’ve had on our radar since mid-December, and has also been a topic of discussion in our daily trader’s chats. In fact, one of our chat members that has a propensity for signaling winners (known to our readers as DJ) made sure everyone turned their attentions back to CRCO Monday afternoon, in plenty of time to catch its huge upward move.

Monday’s low came in at .0011, and yesterday, the stock soared to an amazing new high of .0054; a two-session swing of 391%

We felt that CRCO served as yet another stark reminder that participation in our daily chats offers a higher frequency of opportunities than reading our morning reports alone. We encourage all interested parties to get involved. For the time being, all it takes is a Skype contact request sent to ‘stocksumo‘.

Extended Watchlist:
 AGTK, AWGI, ONOV, TPAC, WRFX, MGI(Watching for a possible bottom)