PMI Archives - Blue Horseshoe Stocks

Midweek Movers, 5 Fresh Possibilities

Wednesday’s Runners:

It isn’t often that we include six options trading ideas in our daily reports, but after doing so on Tuesday, we followed up with yet another half a dozen possibilities in yesterday’s premarket report as well. It turned out quite well for us, as we managed to find solid runners in all six chains we watchlisted.

Our targets for Wednesday’s session were the SPY 12/03 $683-684 Calls, the GTLB Weekly $39 Puts, the AEO Weekly $23-23.50 Calls, the THO Weekly $110 Calls, the MRVL Weekly $100 Calls, and the PSTG Weekly $85 Puts. Here were the biggest upswings of the day from each set:

SPY 12/03 $683-684 Calls
$683: .45-1.93 (+329%)
$684: .20-1.00 (+400%)
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GTLB Weekly $39 Puts
$39: .25-.50 (+100%)
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AEO Weekly $23-23.50 Calls
$23: .85-1.65 (+94%)
$23.50: .55-1.50 (+173%)
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THO Weekly $110 Calls
$110: .88-1.20 (+36%)
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MRVL Weekly $100 Calls
$100: 1.23-3.40 (+176%)
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PSTG Weekly $85 Puts
$85: 7.40-16.60 (+124%)

Fresh Options Ideas:
CRM Weekly $240-242.50 Calls
SNOW Weekly $242.50 Puts
FIVE Weekly $165 Calls
KR Weekly $65 Puts
DG Weekly $112-113 Calls

Extended Watchlist:
PLRZ, KALA, PMI, HY, CBIO, FLYE, GWRE, DYN, CVKD, CREV,

Blue Horseshoe Stock Report – 08/18/11

PMI Group, Inc. (The) NYSE:PMI

PMI dipped as low as .375 on Wednesday, although there was a fair bit of after-hours trading, to the tune of roughly 50K shares, and the stock found its way to .42, which is where we expect trades to kick off this morning.

As you can see from the chart below, there are a few bright spots to outline: The RSI is exhibiting signs of recovery from a period of being heavily oversold, the MACD indicator is beginning to pinch, and look as if a cross is in order. Not to mention the fact that we feel the large gap created by the sudden drop in early August, could be filled in easily with a course correction. For example, when a stock gaps UP, there is usually a subsequent pullback to fill the gap, and we are going to be looking out for the opposite effect here.

A bounce off of .375 to .42 is 12%, however we are expecting much more substantial gains moving forward. Stay tuned for more updates.

Exit Only, Inc.

EXTO has been very good to us, and is trading in a nice tight channel, setting the stage for its next leg up. The stock ran into a little resistance in the low .007’s and the next key resistance following that will be at .008. Support seems to be strengthening significantly in the low .006’s.

With gold near $1800/oz. we are excited for EXTO, and eagerly awaiting production updates from newly acquired sub, Bayport. The last PR cam just over a month ago, so feel that we are due for another at any time now.

Blue Horseshoe Midday Report – 08/17/11

PMI Group, Inc. (The) NYSE:PMI

We wanted to put out an alert on a potential bottom-bouncer play that has come to our attention. PMI took a major dive from the .80-range at the beginning of this month that had us sniffing for a bottom that we believe has been reached.

The stock is building support at the current level, and we feel that once it pushes back past the low .50’s, there is a large gap to fill on up to the .80’s. Current conditions allow for a prime opportunity to take up a position at a discount, as the stock is coming off a period being rather oversold.

It isn’t often that we cover NYSE plays, however, when a prime chance comes along, we simply can’t ignore.