Blue Horseshoe Stocks: Potential Rebound Plays & More

ChromaDex Corp CDXC – Update

After watching it take a disproportionately large nosedive on Monday, we highlighted CDXC in yesterday morning’s premarket report as a recovery-watch play.

Our idea remains intact heading into today’s session, with the stock making a solid 22% bounce for us right out of the gate yesterday from the open at 2.90 up to an early morning swing high of 3.55. We did witness some consolidation into the close, but the stock did register both higher highs and higher lows off of its recent bottom, so we’ll certainly be on the lookout for a continuation of that trend as we cruise through this midweek.


The JG Wentworth Co. JGWE

Speaking of bottom-bouncers, we’re interested in reserving a spot on our radars for JGWE. JG Wentworth recently failed to comply with NYSE listing requirements, and has thus been delisted and relegated to the OTCQX.

The beating the stock has taken pounded it down to a new all-time low on Monday, and yesterday we observed something of a bounce signal. We’ll put this play on watch for the possibility of further rebound action, as the stock is a egregiously oversold at the moment. Regaining even half of the ground it has lost since May ould mean gains of over 100% from current PPS levels.


Towerstream Corp. TWER

We also want to place TWER on watch this morning as we are seeing a nominal gap-up in the premarket. The stock is trading just above a multiple-bottom support level, and so we’re going to be tracking this one for its bounceplay potential as well.

The stock has a recent track record for volatile swings that we find very attractive. Early last week it ran hard from .14 to .31. In theory, a similar swing could net us multi-bag gains from here, so we’ll be sure to keep a closer eye on TWER from this point forward.


Extended Watchlist:
CSNG, SCIE, UCPA, AGTK, GRZG, TTHG

Blue Horseshoe Stocks: BAC, SEAS Recaps & More

Options Recap

 We continued our run of success with options plays on Friday– three of the four ideas we offered ended up turning in notable intraday performances. 


Bank of America Corp. BAC

Our BAC selection was new on Friday morning. After we noticed a PR alluding to an increase of the company’s massive share buyback program, we highlighted one set of options contracts in particular, the BAC Weekly $13.50 Calls.

We witnessed those trade in an intraday range from .16-.37, which represented a move of 131% ultimately proving to be our biggest runner of the day.

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United Parcel Service, Inc. UPS

Our designation of UPS April 8th $104 Calls was one of a pair of ideas that we formulated on Thursday which would carry their success into Friday’s session as well.

Those contracts rose from a daily low of 1.50 and ended up hitting 2.03 for an intraday move of 35%, and a two-session swing of 332% over our observed low of .47 on Thursday.
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SeaWorld Entertainment, Inc. SEAS

The other play from Thursday morning that we highlighted was the SEAS April 15th $18 Calls, and those too traded in similar fashion, putting up a nice intraday gain which also measured as a big increase from the prior session.

On Friday those contracts ran from 1.20-1.95, which marks a 63% intraday pop, and a total jump of  388% over Thursday’s low of .40.

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Our sincerest congratulations to all of our readers both old and new who have been following along with our regular options ideas. A vast majority of our picks in this arena in 2016 have been absolutely stellar, despite highly irregular and uncertain economic conditions.  As always, we’re going to be doing our best to continue this pattern of success indefinitely.


LegacyXChange, Inc. LEGX

On the stock side of things, we had LEGX in our watchlist on Friday, and it managed a respectable intraday move. From an early low of .0243 the stock achieved an afternoon high of .0379; that was good for intraday gains of up to 55%


Extended Watchlist:
SCIE, PCSV, VPRO, STTX, LINE,

Blue Horseshoe Stocks: Options Review, Other Updates

Options Review

Just to refresh our readers’ memories, we highlighted a range of call contracts for three separate plays on Friday, and we’re pleased to report that sizable gains were there for the taking regardless of which idea was chosen. It marked the continuation of a flawless streak of such ideas that we offered up over the past few weeks.

Our tracked calls and the magnitude of the gains that were available were as follows:

SPDR S&P 500 (SPY) Weekly $199-202 Calls – We’ve successfully played the SPY so many times it doesn’t even bear counting, and Friday was no different. From the low end of our range to the high, gains of 80-427% were made.

Finisar Corp FNSR Weekly $15 and $16 Calls – An earnings beat made the gains in FNSR calls possible, with the $15’s running 88%, and the $16’s making a 92% upswing.

Ulta Salon, Cosmetics & Fragrance, Inc. ULTA  Weekly $175-185 Calls –  Last but not least, we had the ULTA contracts on our watchlist bank gains running from 59-117%

Again, it was yet another great week for options, and we’ll be doing everything in our power to keep the streak alive with some more ideas this week so be sure to stay tuned!


Friday’s Stock Gainers

In addition to our great success with options plays from Friday’s morning report, we had a number of other intraday movers which were also highlighted.

Propanc Health Group Corp. PPCH

This was our top-billed mention on Friday, having been following it for most of last week. A string of solid performances led the stock on a great intraweek run to that point which spanned from our observed low of .0188 to .037 (+97%) in just a few sessions.

We saw even more gains tacked on there during Friday’s trading, wherein we witnessed another nice intraday pop from the daily low of .0355 to .0516 (+45%), and the high extended our total observed range to an impressive 174% in a matter of four sessions.

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Mexus Gold US (MXSG)

Mexus was another point of discussion in Friday’s newsletter, and it too saw appreciable gains on the day.

We’d already been very familiar with the stock after tracking over a more than 1000% move in early February. We then re-tagged it the Wednesday before last and subsequently witnessed a 61% swing from .011-.018.

Friday’s session brought a continuation of that run from .017 to a high of .0299, a 71% intraday rip, and increased the total swing range to 172%

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Spectrascience, Inc. SCIE

SCIE was included in Friday’s tracklist and the stock would end up trading in a range from .003 to .0047, for total possible intraday gains of up to 56% on slightly heavier than normal volume.

It also managed to close just a tick below the high of day, so we’ll keep an eye peeled for the possibility of momentum spillover into this new trading week.


GW Pharmaceuticals, Inc. GWPH

We want to pin GWPH to our tracklist after catching a significant PR coming across the wires this morning. Late-stage studies on a cannabidiol (CBD) treatment of a rare pediatric disease has yielded positive results, and the stock has thus far gapped up over 100% in the premarket.

We’ll take our classic stance of monitoring for a possible dip-and-rip situation and look to get positioned in some in-the-money Calls, dependent upon where the bounce occurs.

LONDON, March 14, 2016 (GLOBE NEWSWIRE) — GW Pharmaceuticals plc (GWPH) (GWP.L) (“GW,” “the Company” or “the Group”), a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, announces the positive results of the first pivotal Phase 3 study of its investigational medicine Epidiolex® (cannabidiol or CBD) for the treatment of Dravet syndrome. (>> FULL PR)


Extended Watchlist:
DDD, TFM, GBIM, HPTG, USAR, IEEC, ASTI, SVTE