Tag: OPHT

Blue Horseshoe Stocks: Reviewing Recent Winners

STOCK RECAPS

Much of our focus gets devoted to options ideas these days, as they represent the greatest chance for large short term gains for traders. However, we still scan every day for stocks, and we wanted to begin this new trading week by highlighting a few of our recent picks that have met or exceeded our expectations.

Bio-Path Holdings, Inc. BPTH – Beginning with the least recent, roughly five weeks ago on January 23rd, BPTH was a stock we tagged as a bottom-watch play. The stock essentially traded sideways for the next month, only making nominal gains. That is until the latter half of last week, when it began to heat up on Thursday, and subsequently explode on Friday, performing beautifully on the day. The stock logged the number one gain on the entire NASDAQ, as it traded up from a low of 2.65 before reaching a high of 8.84.

That works out to a mind-melting 234% single-session rise on massive volume, which is extremely uncommon for big board plays. Cheers to anyone who caught a ride on this shooting star!
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Lexicon Pharma, Inc. LXRX – Appearing in Friday morning’s report was LXRX, which certainly didn’t see the level of activity as the previously mentioned play, but still posted positive figures on the day. From a low of 5.55, the stock rose as high as 7.07, marking a comparatively small but respectable intraday increase of 27%
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China Internet Nationwide Financial Services, Inc. CIFS – Also included in Friday’s report was CIFS, which also had a reasonably strong session following our alert. The low came in at 2.30 before the stock surged into the close at its high of day of 3.25. That represents a solid intraday gain of 41% We’ll also want to see if the stock can carry some of that momentum at the close, over to this fresh trading week.

Funko, Inc. FNKO – Options Review

We also signaled our interest in the FNKO 03/15 $22.50 & 25 Calls on Friday, and we got solid performances out of those contracts. The $22.50 Calls ran from .28-.70 for a gain of 150%
while the $25 also recorded a 150% pop from .10-.25.
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Fresh Options Ideas:
SPY 03/04 $280.50-282 Calls*

*Never trade options on their day of expiration unless you are a highly experienced trader with access to disposable funds!

Extended Watchlist:
MYOK, OPHT, NK, CPST, SLS, TRHC, RKDA, MBOT, FTNW, FCEL

Blue Horseshoe Stocks: Updates, Bottom-Watcher & More

Updates From Last Week

Interpace Diagnostics Group, Inc. IDXG – We outlined IDXG in Thursday morning’s report, and after witnessing a low of .3619 followed by an excellent 232% pop to 1.20 on that first day, we were optimistic about our chances for seeing more new highs on Friday.

They did come, early on in the session as IDXG ripped to a new high of 1.98, bringing our two-day total observed gain on the stock to a walloping 447%

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MJP International Ltd. MJPI

After initially alerting this stock on Wednesday at a low of .85, MJPI is another multi-dayrunner that we were tracking into the latter half of last week that ended up setting new highs on Friday.

The stock traded in a range from 1.38 and went as high as 2.02; a 46% intraday push. The new top mark, from our observed low of .85, represented an overall increase of 138% in a span of just three sessions.

Ophthotech Corp. OPHT

OPHT is setting off our bottom alarms in a big way this morning. The stock is getting absolutely massacred in the premarket in the wake of a poor clinical data release today. The stock is falling to record lows, which is always something that causes us to take note.

Whenever a knee-jerk reaction to any news sends a stock barreling down to its lowest prices ever, you can be all but certain that at some point in the near future, there’s going to be a substantial rebound. With that comes bounceplay opportunities- a chance to properly time the eventual recovery for what could be significant gains. That’s why we’re placing OPHT on intensive bottom watch in coming sessions.

Extended Watchlist:
SYRX, MEMP, CALA, NDEV, BTDG, TTCM