Tag: PIP

Blue Horseshoe Stocks: BURL Recap & More

Burlington Stores, Inc. BURL – Options Update

Our first order of business this morning will be to go back to the options idea we signaled for the BURL chain on Thursday morning, the BURL 03/17 $85-95 Calls. We reported the solid gains that the strong earnings report allowed us on that first day in Friday’s morning report, and today we’ll have to follow up once again to relay the added opportunities we saw to close out the week.

We did caution on Friday that based on premarket activity, our ranges could be extended considerably, and that’s exactly what happened. The updates ranges showing the total moves we seen over a two session span are as follows:

$85 Calls – Range: 5.60-11.13 – Max Gain: 99%
$90 Calls – Range: 2.50-7.35 – Max Gain: 194%
$95 Calls – Range: .71-3.50 – Max Gain: 392%

Galectin Therapeutics, Inc. GALT

GALT is a stock that we began tracking earlier in 2017, including it in our report on January 17th. Shortly following that alert, the stock saw a low of .935 and it hasn’t looked back since.

We followed up with an update of GALT on February 10th, at which time we had seen a relatively modest range of .935 to 1.29 (+38%). We noted that the gains would be “sustainable if GALT can manage to crack past the current 200DMA” (then at 1.32).

That did happen, and on the 15th we posted another followup stating “One more bullish push will get us into double-bagger territory for this idea, and the stock may well make a run into the 2.00-range.” Our assumptions proved spot-on again, as one week later, the stock went on to hit a high of 2.21, representing a total move up from our observed low of .935 amounting to 136%

Once again GALT is heading to highs, this morning trading as high as 2.30 in the premarket on the heels of some positive clinical trial data (>>View PR). We’re going to want to be paying attention to its activity as we open up another trading week, as expectations of extended gains once again do not seem unreasonable.

Extended Watchlist:
RNVA, CXRX, PTCT, CCTL, CXRX, PIP

Blue Horseshoe Stocks: MCPI, DRL Updates & More

Med-Cannabis Pharma, Inc. MCPI

To start things off this week, we’d like to congratulate any members that followed our coverage of MCPI last week to their benefit. We tracked this play as it ran from .355-.55 (+55%) between Monday-Wednesday.

On Thursday, the stock had consolidated back down to a low of .3776, and we mentioned that we were on the lookout for follow-up from the initial spike to provide us with a dip-and-rip opportunity, and that’s precisely what occurred. As we headed into the end of the week, the stock made another push that would exceed the first, and we actually observed a new high of .64 into the close.

The second spike of the week offered up by MCPI amounted to possible gains of up to 69% while Friday’s new high marked an overall increase of 80% from the low we observed on Monday.

Cheers to anyone who was able to take advantage of our timely coverage on this Washington State marijuana play.

Doral Financial Corp. DRL

We tagged DRL for the first time back on July 23rd, and since that time, have seen this stock trading as low as 5.20. This play caught our interest mainly because of the lawsuit they’ve claimed against the Puerto Rican Government.

As a result of a tax discrepancy, it has been alleged that the treasury owes DRL as much as $229M. This morning, the stock is flying high in the premarket on word that hearings for the suit have been suspended until next Monday, so that a settlement between the two parties may be reached.

This could further speed up the process, even after the proceedings were recently ordered expedited by the Puerto Rican Supreme Court. While it is not likely to be the full sum, a settlement could mean a significant portion of that figure going onto DRL books straightaway.

We’ll keep our eyes glued to this one, as we’ve already seen the PPS rise from 5.20 to this morning’s premarket high of 7.20, a respectable 39% increase over the course of roughly seven sessions.  The announcement of the completion of the settlement agreement, if and when it arrives, could catalyze even further gains.

Side Notes:

We also want to throw LKA Gold, Inc. LKAI into the mix today, a new gold play with a long history of producing mines.

Also, we’ll still be monitoring the PBR Options Calls. We played them like a fiddle last week, and will continue to utilize the action to our benefit. If the stock can get back above $16, we’ll be on the lookout for a substantial move out of the $16 Weekly Calls.

Extended Watchlist:
ELRA, IDST, MNKD, PIP, HGSH

Blue Horseshoe Stocks: FNMA, CSIQ, STWG & More

Fannie Mae – FNMA & Freddie Mac – FMCC

Our alert on FNMA Friday yielded us the #1 ranking on the Penny Stock Rumble for the second time last week (1st time was for TCPS). The stock opened up at a low of 2.255, only to run as high as 3.15 for a nice 40% move.

We’ve been tracking FNMA and FMCC since May 15th and May 16th, and each has risen in PPS greatly since that time.

FNMA – Low (05/16):1.20 – Friday’s High: 3.51 – Gained: 193%

FMCC – Low (05/15): 1.11 – Friday’s High: 3.30 – Gained: 197%


Canadian Solar Inc. CSIQ

CSIQ is gapping up close to 25% this morning, hitting new 52-week highs. The stock came off of our Solar Sector watchlist, having last appeared on Friday, at which time is was trading as low as 8.10. We are going to be continuing to monitor its progress today as we begin this short trading week.


Plug Power, Inc. PLUG

We’ve been talking about PLUG for most of this year (For the first time on Feb 15th), seeing some big gains in that time. We most recently were looking at PLUG on Wednesday as it reached new highs of .3847. Since then, we’ve observed a pullback, as the stock came down to find support at the .25-level.

This morning, we have seen a high of .42 pre-market, with the last trade executed at .39, up around 16% We want to keep watch over this play, as well as the Energy Sector as a whole, as they continue to heat up.

From last week’s low of .25, this morning’s .42-high marks a possible gain of up to 68% From February’s low of .1155, that figure climbs as high as 264%

S2C Global Systems, Inc. STWG

STWG has appeared in our reports as far back as December, and before last week, as recently as April 19th. . We re-mentioned it once again on Thursday after the company came out with its first PR in years. It broke its previous resistance (.0075) and continued its uptrend, STWG hit a new high of a penny on Friday, and ended up closing at .0095. From its low of .0011 reached in March, the penny high represents a move of 810%

We’d like to see the previous resistance at .0075 hold as a future level of support.

Options Trading:
We are also looking at AAPL $445 and $450 Calls today, provided we hold support off of last week’s resistance at 448.35.

Extended Watchlist:
BLDP, PIP, ROYL, RSOL, OMTH