Tag: SAEE

SAEE, AZC, GOGO & Extended Watchlist

7 Star Entertainment, Inc.  SAEE

SAEE traded sideways yesterday, however we did see a significant amount of volume flow through the stock, to the tune of more than twice the three-month average.

The fact that SAEE didn’t lose any value, and maintained support above a penny is an encouraging sign. We are still on the lookout for further activity on this stock, because as we pointed out yesterday, the chart still looks favorable. A departure from the current holding pattern could certainly lead us to substantial realized gains.

As you can see on the chart below, SAEE is holding support above the 10 and 20DMA’s, and accumulation/distribution is as high as it’s ever been.  We also have an RSI that is registering just below the 50-line, so we’ll be watching for a breach there as well. A PPS break of resistance at .013-.014 could get it there.

All in all, we are still fairly confident in SAEE’s ability to make positive stride from its current level.

Augusta Resources Corp.  AZC

AZC hit our scanners this morning as a potential recovery play. Yesterday the stock tumbled more than 60% from its open just above 1.60, all the way down to the low .60’s. It appears as if we could witness a bounce off of that bottom today as the stock course-corrects following that sell-off.

The huge dip was catalyzed by the announcement that the US Environmental Protection Agency recommended the company’s application for a federal water permit be denied. That effectively puts the company’s plans to build out a copper mining facility on the scrap heap.

Still, whenever we see rapid losses of this magnitude, our thoughts always turn to reaping potential rewards off of the subsequent bounce.

GOGO, Inc. GOGO

We first began talking about GOGO on September 16th, after which time we witnessed an epic run from 14.79-31.55. Last week brought a consolidation and the stock reached a low of 24.24 earlier this week, where it found support just off of the 10DMA. Now that GOGO is headed back up, we will look for it to retest its recent highs.

Options Trading Idea:
On the options side of things, we are looking at GOGO’s 01/18 $30 Calls. They closed at 2.16 yesterday. Hypothetically, should GOGO break out to new highs by January, reaching 35.00, these Calls could be valued at upwards of $5.00 or better.

Extended Watchlist:
OXBT, CRNT, CBMX, ONCY,

7 Star Entertainment, Inc. | SAEE | Today’s Focus


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7 Star Entertainment, Inc.  SAEE
SAEE is a brand new mention for today’s report, and is a play that we currently have on breakout watch.  7 Star is an online media/technology holdings company which currently has several irons in the proverbial fire.

First among the SAEE‘s endeavors are its online dating/adult match websites, of which it has several, including AdultMatchClub.com, an growing online personals community that already has over half a million members.

As many of you might already know, the online dating industry is valued at more than $2 Billion annually, and an increasing number of people are accessing that information through mobile devices. In addition to its dating websites, SEAA is working on an accompanying line of mobile apps to cater to this growing branch of tech culture.


Recently, the company has moved to increase the diversity of its business further, with its intended acquisition of Orbital Laboratories, a consumer electronics designer/manufacturer. In and of itself, Orbital has an awful lot going on. New products, a distribution agreement for existing ones, and a full complement of patents both awarded and pending.

From the Orbital Finder, an auto locator for those situations where you “misplace” your car in a crowded lot, to a line of high-end LCD televisions, the potential benefits from the addition of Orbital could add significant value to SAEE.

Carl Conte, CEO of SAEE had this to say: “We see a tremendous opportunity in the acquisition of Orbital. They bring to the table a valuable patent portfolio and an exciting pipeline of new products. We feel that the revenue potential for the combined company over the next 24 months and beyond is substantial and I believe that we are less than a week away from completing the final agreements,”

We’ll certainly be on the lookout for any further announcements from the company regarding this acquisition, after which time 7 Star has plans to begin the process of up-listing to a higher exchange that they are hoping to complete by the  2nd quarter of 2014. It is yet unclear as to whether they intend to effect a name or symbol change as part of that process; we’ll keep you posted.

From a chart perspective, we are happening upon SAEE at a relatively good time. The stock has begun to show signs of life after trading sideways for several weeks, is coming off of its bottom in the .006-.007 range, and has already pushed and held above the penny mark. The past four sessions have brought higher lows, a trend we’d like to see continued moving forward. We’ve prepared the following video to outline some of the finer points on the chart:

More Information on 7 Star, and its current acquisition target:

7 Star Website