Tag: PNTV

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)

Blue Horseshoe Stocks: Options Recap & More

Seagate Technologies plc. STX – Options Recap

Although it would end up reversing and heading lower as the day progressed, STX did ride the bullish wave off of its healthy earnings beat for a solid upswing inside the first hour of trading yesterday.

That did facilitate a window of opportunity on the options contracts we were tracking, the STX Weekly $41-43.50 Calls. Traders who were quick on the draw yesterday morning could have taken away a piece of the following moves:

$41 Calls – Range: 1.78-5.28 – Max Gain: 196%
$41.50 Calls – Range: 2.00-4.48 – Max Gain: 124%
$42 Calls – Range: 1.99-4.50 – Max Gain: 126%
$42.50 Calls – Range: 2.11-3.45 – Max Gain: 63%
$43 Calls – Range:  .86-3.00 – Max Gain: 249%
$43.50 Calls – Range: .78-2.77 – Max Gain: 255%

We did signal our hunch that there would be a reversal in-session and a corresponding idea for the Weekly $46 Puts in our live traders chat, and those ended up doing quite well also, subsequently running from .60-3.29 (+448%) as STX continued to consolidate into the close.

It’s another example of why we urge any of our readers that want to get in on our daily traders chats to get a Skype contact request over to username ‘stocksumo’. That’s all it takes, and you can stay up to the minute on changing ideas throughout the day, and submit some of your own!

Avinger, Inc. AVGR

The current situation with the AVGR chart has caught our eye this midweek as the stock reversed course this week after a steep and rapid decline. We’re seeing increased activity in the premarket and AVGR has pushed its way up regaining much of the ground it has recently lost.

Currently trading around the 3.00 mark, a return to its recent swing high from roughly a month ago would mean gains of up to 50% so we’ll be monitoring AVGR over coming sessions for a possible continuation of the recovery that is presently in effect.

Extended Watchlist:
ALKM, PNTV, RJDG, LEXG, EXAD, EEGI, GNBT,

Blue Horseshoe Stocks: Key Election Day Reminders & More

Starbucks Corp. SBUX – Options Update

On Friday morning, we suggested that the SBUX 11/11 $53.50-55 Calls
could be good for some solid opportunities if the momentum the stock had gained to that point managed to carry over into the new week. Of course, we followed up with a reminder of that fact in yesterday’s premarket report as well.

SBUX ultimately met our expectations and that range of contracts did provide some fantastic multi-bag intraday chances for our readers:

$53.50 Calls – Range: .49-1.32 – Max Gain: 169%
$54 Calls – Range: .25-1.00 – Max Gain: 300%
$54.50 Calls – Range: .12-.67 – Max Gain: 458%
$55 Calls – Range: .09-.40 – Max Gain: 344%

We won’t dismiss the possibility that further gains may be on the horizon for these weekly contract, dependent upon investor reaction to the unfolding events of election day.

Possible Bottom Plays

Sequential Brands Group, Inc. SQBG – This stock fell off a cliff last week, and we noticed the registering of a From-4 signaling an insider buy at the bottom. Yesterday the stock began to rebound, so we’re going to put it on watch as a potential recovery play.

Perion Netwrok Ltd. PERI – PERI has also recently been on a backslide but is regaining some ground this week. After a bullish session yesterday, the stock is gapping up in the premarket so we’ll have this one on watch as well.

CANNABIS SECTOR REMINDER: Apart from the volatility for the markets as a whole that the presidential election itself could certainly cause, we mustn’t forget what we’ve been shouting from the rooftops about the marijuana space for the past several weeks. Multiple key votes on both recreational and medical cannabis are on the ballots in many states.

The landscape of the industry is going to change overnight, and we aren’t going to miss out on the potential gains that will produce. We are effectively placing the entire sector on intensive watch until further notice.

Chatroom Call: International Consolidated Companies, Inc. INCC

INCC has gone on a heck of a run from .0007-.0025 after we tagged it in our traders chat on Friday, gaining as much as 257% so far.

We wanted to remind our readers that may not be aware- anyone can participate in our daily traders chat via Skype, where ideas like this one may come across once sessions get going. Simply send a contact request to ‘stocksumo‘ to get involved!

Extended Watchlist:
MJNA, TRTC, MCOA, MCIG, GRNH, GBLX, HEMP, AGTK, NEWC, UAMM, PNTV,