Blue Horseshoe Stocks: Cannabis Sector Heating Up Again

Cannabis Comments

We got head-faked a little bit in terms of the cannabis sector in the past year or so. Leading up to last fall, anything even remotely tied to marijuana was going through the roof, with seemingly no end in sight. Then a regime change in Washington led to the appointment of self-avowed cannabis hater Jeff Sessions to the head of the DOJ. That led to a considerable cooling of what was previously the hottest market sector.

That being said, it has been business as usual for companies operating in the space in places that have taken the step of ending prohibition. Growth is happening all around, and the investment community has taken notice. The cannabis sector is showing signs of heating up once again, so we want to return to some of the plays we’ve covered in the past and highlight a few that could stand to see some good moves in the days and weeks ahead.

Dewmar International, Inc. DEWM – We just signaled our interest in DEWM in Friday morning’s premarket report, and the stock made a solid two-session swing. From Friday’s low of .0108 to .0163 yesterday, marking a move of 51% We’ll want to continue to track its movements,particularly after this morning’s news.

DEWM announced today that it filed a provisional patent with the US Patent and Trademark Office for the treatment of lung cancer with cannabinoids, so that’s going to be another interesting storyline to follow with respect to DEWM.
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Also going on our refreshed cannabis watchlist of previously tracked stocks will be PNTV, POTN, MCIG, MCOA, and TRTC.


Netflix, Inc. NFLX – Options

We’re always looking for a good post-earnings options play and we may have one with NFLX this morning. Up 10% in premarket trading on a solid beat, we’re going to be looking for a potential dip-and-rip scenario that could lead to some hefty intraday moves. Our targets are going to be the NFLX Weekly $172.50-180 Calls.


Extended Watchlist:
CAPR, MBRX, MDGS, NVAX, OPK OPCO, TTOO, RAD

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Blue Horseshoe Stocks: HUGE Day on Friday & More

Recapping Our HUGE Day on Friday

We had winners cropping up all across the board on Friday, with our options idea, as well as a couple stocks from our watchlist all having really solid sessions to close out the week, the month, and the 2nd Quarter.

Nike, inc. NKE – We signaled our interest in a range of Nike calls, and were not disappointed in the results. Our targets were the 07/07 $55.50-57 Calls and they all posted considerable gains on the day.

$55.50 Calls – Range: 1.89-4.01 – Max Gain: 112%
$56 Calls – Range: .98-3.33 – Max Gain: 240%
$56.50 Calls – Range: .77-2.95 – Max Gain: 283%
$57 Calls – Range: .51-2.52 – Max Gain: 394%

NKE wasn’t the first set of options ideas we crushed last week. We also tagged contracts in the DRI and CBI chains that subsequently went on multi-bag runs. As always, we strive to deliver a varied range of ideas for traders, and options are a huge part of that.
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Digital Power Corp. DPW - After tagging it in our watchlist in Friday’s premarket report, DPW had a very respectable intraday swing right out the gate that morning. The stock ran from a low of .65 and reached as high as 1.05, which represents a 62% pop.

The stock couldn’t sustain more than half of that gain into the close, however it is trading up slightly in the premarket today. We’ll want to continue to monitor this play, watching for the building of higher base levels of support over the course of this short and divided holiday week.
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ShiftPixy, Inc. PIXY – Speaking of solid runners from Friday’s report that are showing signs of bullish premarket activity today, we’ve also got PIXY, a stock that IPO’d on Friday. A close contact in our vast network of traders gave us the heads up on the commencement of trading in PIXY, and we took the opportunity to pass it along to our readers by including it in our watchlist.

We weren’t sorry that we did, as its first day of trading was very positive. From its opening price of 6.30, PIXY traded up to 7.74, for a respectable intraday rise of 23%, nearly all of which it held into the close. This morning, the stock is gapping up in the premarket, having already hit a new high of 8.48 and extended our observed range to 35%

We’re quite anxious to see how this new stock will progress from here, even if the timing of tomorrow’s holiday isn’t ideal. If PIXY continues to be a huge hit with the investment community, just remember, you heard it here first!


The Players Network PNTV

Given the fact that it streaked to new all time highs to close out the week on Friday, we want to swing back around to pat ourselves on the back heartily for PNTV.

We originally brought this stock to our readers back in October of last year, after which time the stock was trading for as little as .012. Flash forward to Friday of last week, and the stock has rocketed all the way to .127 marking an incredible increase of 958%

However, even if you’re newer to our reports and only caught our most recent alert on PNTV on June 13th, you still had the opportunity for profits of up to 34% as the range in that time span ran from .0951 to the new high of.127. With the stock firmly blue sky territory, there’s no telling where this ride will end up!

Additionally, Nevada’s recreational marijuana sales kicked off over the weekend, so that ramps up the intrigue with this play, considering the fact that the company was recently grated two licenses to supply recreational consumers in that state.


Extended Watchlist:
CARA, EYES, SPEX, NSPR, RATE, OPXA,

Blue Horseshoe Stocks: PNTV, XBIT Recaps & More

The Players Network, Inc. PNTV

PNTV is a stock that we were talking about quite a bit late last year and in the beginning of 2017, and since then, the stock has made some really impressive moves.

In the span of one quarter, from March until June, the stock has risen from lows at .0232 to trade as high as .1315. That’s an incredible upswing of 466%

While many plays in the cannabis space have seen some unexpected difficulty this year, PNTV is not one of them. They recently announced progression on the joint venture they have going with MCIG on the construction of a Vegas-based grow facility.


Xbiotech, Inc. XBIT

We tagged XBIT in yesterday’s extended watchlist, and subsequently bore witness to a solid early-morning pop. The stock ran from 3.75 to 5.61 right from the starting the gate, banging out a solid 51% pop inside of the first hour of trading.

We also have to remember that in XBIT, we have a stock that was trading just a hair shy of $20 as recently as March. We’ll have to be on the lookout in the event that the recent rebound mounted by the stock is just a foreshadowing of an even larger recovery.



Ability, Inc. ABIL

We’ve been mentioning ABIL each day since last Wednesday, and it turned out to be a really nice bottom-bouncer.

We’ve thus far witnessed two definitive swings from ABIL; initially from.6298-1.69 for a 168% run, and then a dip to .90 followed by a run back to 1.60 in premarket trading today. That added another 78% swing to what we’ve observed in ABIL.

We’d like to see it set a higher low, holding the 1.15-1.25 range on any pullbacks in order to remain interested.


Extended Watchlist:
RTTR, NURO, MNGA, PULM BABA, FB, AMZN, NFLX

Blue Horseshoe Stocks: Form-4 Alert, AAPL & More

 Apple, Inc. AAPL – Options

We used to trade AAPL options like they were going out of style, but have not actually talked about the stock in roughly six months.

This morning, on the heels of yesterday’s post-market earnings beat which featured better-than-expected iPhone sales, we’re going to be coming back to AAPL with a short-term options idea.

Having traded as high as 127.67 in the premarket, we’re going to be looking for a dip-and-rip off of this gap-up once the session commences. We’re going to be focused on the AAPL Weekly $125-127 Calls provided the expected early dip doesn’t take the stock lower than the $125-mark.


Opko Health, Inc. OPK

OPK is a familiar stock to us, albeit one that we haven’t touched upon in awhile. Recently, it has been under heavy consolidation, beginning with a large gap-down from the mid-$11 to the $10 area in late December, and persisting throughout last month.

We’ve also noticed a series of Form-4 filings which show the CEO was soaking up shares at these lows all last week and into Monday, to the tune of more than $300K worth purchased at market prices in just a few days.

We like to follow plays where directors are actively supporting their stock with confidence buys like those, so we’re going to be keeping a closer eye on OPK in sessions to come, as a rebound may be forthcoming at any time.


Tuesday’s Honorable Mentions

Cardinal Energy Group, Inc. CEGX – We placed CEGX in yesterday morning’s extended watchlist and were pleased with the stock’s modest, yet noteworthy intraday performance.

The stock traded in a range from .0026 to .0038, marking an intraday pop of 46% There was a consolidation into the close, and the stock failed to hold at least 50% of its daily advance, however, with the volatility exhibited in the past couple of sessions, we’ll definitely want to keep an eye on CEGX as we cruise through mid-week.
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Players Network PNTV – We were just mentioning our coverage of PNTV on Monday, and the 400%+ gains we’d observed recently. What has followed is a solid couple of sessions that has the stock well on its way to an impressive intraweek performance.

Monday’s low came in at .028, and yesterday it reached as high as .04, marking a two-day swing of 30% We’ll be looking for the stock to continue posting higher highs and higher lows today, which would solidify PNTV’s multi-day runner status.


Extended Watchlist:
UAMM, SOUM, AZUR, OKS, CTXS, DRYS

Blue Horseshoe Stocks: Fresh Bottom-Bouncers & More

Potential Bottom-Bouncers

We’re noticing a couple different possible bottom-plays that we want to start the week off by highlighting this morning:

Rite-Aid Corp. RAD – This stock has been repeat target for us at various times in the past, and we want to circle back around to it today as we’re noticing the recent activity. The stock plunged to new lows on Friday, yet regained almost all of that ground before closing nearly flat.

From the current place on the chart, and given the present indicators suggesting that a rebound could soon be forthcoming, we’re going to want to radar RAD on both the stock side of things, as well as signaling an idea in the options chain. In that case, we’re going to be interested in the RAD 02/25 $6-7 Calls, which gives us plenty of time for the stock to realize the recovery that we’re after.

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Cymabay Therapeutics, Inc. CBAY -  CBAY is another play we’ve caught this morning as began showing signs of life after having hit its lowest PPS levels in over two months on Friday, as well as gapping up moderately in the premarket today (High: 2.15)

We’ll be looking for the stock to maintain support in the channel between the 50DMA (1.89) and 200DMA’s (1.96) on any pullbacks as things get going today. As you can see on the chart snapshot below, various indicators leading into today’s session appear favorable for CBAY.


Chatroom Call

One of the regular participants in our daily traders chats via Skype hit it big with an excellent call that was shared with the room last week. He swooped in with a sell suggestion on Friday that was perfectly timed.

Our members had a chance to jump into Nouveau Life Pharmaceuticals, Inc. NOUV at .0008 on Thursday, and the stock hit .0089 on Friday just after the following message was communicated, marking a two-day swing of 1102% The stock subsequently tanked, outlining the accuracy of DJ’s call.

As we always remind our readers, anyone is welcome to participate in our daily traders chats. Simply send a Skype contact request to username: ‘stocksumo’ and we’ll fill you in on how to join in!


Players Network, Inc. PNTV

We initially began tracking PNTV this fall, mentioning it on Oct. 20th and Nov. 8th, subsequent to which time we would witness the stock trading at a low of .0089.

We added a reminder in our report on Thursday as it had begun to ramp up heavily, and on Friday it went on to hit a new 52-week high of .048. It extends the overall gain we’ve observed in this play over the past couple of months to an impressive 439%


Extended Watchlist:
TQLA, SDVI, IFAN, PXYN(Bottom-Bouncer)