Tag: PERI

CBIS, OLIE, BGMD & Extended Watchlist

Cannabis Science Inc.  CBIS

CBIS is among the medical marijuana cast of characters that we’ve been following for a very long time. We began tracking this play almost two years ago, and have certainly seen a fair bit of dips and rips during that time. Freshest in our minds would be our alerts from this past February, at which point we witnessed huge gains as CBIS rose from the .04-range all way up to .1195.

We decided that now was as good a time as any to re-alert this play, as we’ve noticed it coming off of its 52-week low at .0299. At this time of year, it’s common to see stocks being subjected to tax-loss selling. We want to be on our guard as this period winds down, when selling pressure is likely to be alleviated. Stocks like CBIS stand to gain ground when that happens, as we head into 2014.

Olie, Inc. OLIE

OLIE turned out to be a well-timed call for us from yesterday. The stock may have ended the session in the red, but not before running from .0082 all the way up to a high of .02! That was good for an intraday mega-move of 147% on almost ten times the 3mo. average volume.

As we said, there was a significant pullback into the close at .0097, and with the kind of volatility we’re seeing out of OLIE, we definitely want to pay attention heading into week’s end. Further opportunities could certainly present themselves.

BG Medicine, Inc. BGMD

We had BGMD in yesterday’s extended watchlist, as we were tracking its pullback off of a recent spike. We did in fact get the bounce that we were looking for; following its morning low of .87, the stock would go on to hit a high of 1.05. A strong close at 1.04 suggests that momentum could carry over, and indeed we are seeing the stock gapping up in pre-market trading today.

Extended Watchlist:
ALIM, PERI, PSDV, OXBT, CDTI, TSEM, GILT

GOGO, NQ, GERN & Extended Watchlist

Gogo, Inc. GOGO

We’ve been pounding the table on GOGO for the past couple of months, and the stock had a great session following yesterday’s mention on the strength of their earnings release. From our initial alert price at 14.79, yesterday’s high of 24.85 represents a gain of 68% on roughly 6 times the 3mo average volume.

3rd Quarter Earnings Highlights

GOGO ATG4 Video

NQ Mobile, Inc. NQ

NQ also had a fruitful session to kick off the week yesterday, trading from a low of 11.55 up to 13.55, a 17% intraday gain.

The low following our first alert on NQ was 8.42; yesterday’s high represents an increase of 61%

Geron, Corp. GERN

GERN behaved as expected yesterday; if you recall, we were looking for the stock to reverse its downtrend, and it did find a bottom at 4.69. The resulting bounce pushed the price up 10% to 5.18, and the stock closed at 5.05.

Moving forward were looking for GERN to achieve higher lows, holding support above yesterday’s low of 4.69.

Extended Watchlist:
REVI, VNDA, ARIA, PERI, DNDN, CIMT, RNA

MWIP, PPHM, BTHR, STOA & Extended Watchlist

MWIP continues to amaze us on a consistent basis. Our best medical marijuana play to date (and anyone who follows us regularly knows we’ve had some real winners!) since back in October when we began focusing intently on these things. We’ve stuck with MWIP since then, and have been duly rewarded. We’ve seen a titanic run from its November 9th low of .0024, to yesterday’s high of .042, marking a mega-move of 1650% inside of two months! Hopefully now, everyone sees why we continued to talk about marijuana-related stocks until we were green in the face!

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Peregrine Pharmaceuticals, Inc. PPHM

PPHM is another of our recent points of focus to have a great day to open up the week on Monday. Despite gapping up 26% from its previous close, the stock still afforded us the opportunity to capitalize on a 50% intra-day gain from a low of 1.70, up to a peak of 2.55.

It appears PPHM is undergoing some course correction and filling in the large gap that we saw back in September when the stock pushed its way to the 5.50’s before falling off of a cliff.

Those who may have caught the 68-cent low in November would’ve had the chance at up to 275% in gains over the past few weeks.

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Big Three Restaurants, Inc. BTHR

BTHR hit a high of .0036 on Monday, adding to our successful Wed-Fri. play from .0012-.0022 (83%), and presenting us the chance at max gains of up to 200% in total.

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Sitoa Global Inc. STOA

Our inclusion of STOA on yesterday’s extended watchlist deserves a featured mention today, as the stock dipped as low as .0095 early morning, then rallied in the afternoon to hit a high of .024, before closing at .02. Savvy traders had a chance to scoop up over 150% in gains, and it looks like the wheel has only begun to turn. The stock closed above the 50DMA, and the next major resistance doesn’t seem to show up until we reach the 100DMA of .0479.

The RSI is heading toward the power zone, as the blue bars on the histogram are building up on the bullish side. We saw recent crossovers on both the PPO and the Slow STO; both indicators broke through their 50MA. We’d like to see future support hold at the 50DMA of .0184.

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Extended Watchlist:

AMBS, DNYS, RENU, PERI, GTXI,