Blue Horseshoe Stocks: Cannabis Reminder

Cannabis Reminder

With the cannabis counterculture holiday of 04/20 capping off this week on Friday, you can bet that our tracking of the cannabis sector is going to ramp up right along with many of these stocks.

It was back on the 4th of this month that we published an extensive list of marijuana industry stocks to track in anticipation of this event. For those outside the loop, “Four-Twenty” is a massive celebration each year on April 20th, to commemorate the cultural tradition of partaking in cannabis at 4:20pm on any given day. Cannabis companies use this as the perfect marketing ploy, and as a result, many do their highest sales of the year on the heels of this holiday.

A few of the plays we highlighted earlier this month have already begun to see appreciable moves on the chart. Take OWC Pharma (OWCP) for example. Since the 4th, the stock has increased from .20 to .30, a 50% rise in under two weeks.

We would expect to see similar, and even better gains coming from many cannabis stocks all across the board. That’s why we wanted to open up this week with a reminder to keep a close eye on anything even remotely tied to the space.

Just refresh, some of those stocks include, but are not limited to:

AGTK, HEMP, SGMD, SING, GRNE, GOHE, MCOA, MCIG, POTN, PNTV, RMHB, CANN, CBIS, ATTBF, GLDFF, GLNNF, NXTTF, MRRCF, SPRWF & CRON


Extended Watchlist:
SSC, NETE, ITCI, ERI, MBII, NAV, ONVO, LOXO, CLS

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Blue Horseshoe Stocks: Cannabis Roundup & More

Cannabis Roundup

We wanted to take some time out this midweek to get back to cannabis, the rapidly growing industry that we’ve always said we felt has as much or more potential than any other out there. The first quarter of the 2018 calendar year was rather low key, but with some major cannabis dates coming up, we wanted to sharpen our focus on the sector.

The 04/20 Holiday is generally a time when you see heightened visibility, and an influx of sales for recreational marijuana businesses. It’s the “Super Bowl” for many of these businesses, which will see their highest customer volume of the year.

It’s a time of increased awareness in the investment community for the space as a whole, and that’s why we wanted to refresh our running watchlist of pot stocks on our radar:

As for the ones based here in the U.S. some of our favorites (in no particular order) have been: OWCP, AGTK, HEMP, SGMD, SING, GRNE, GOHE, MCOA, MCIG, POTN, PNTV, RMHB, CANN and CBIS.

We also have July to look forward to, which marks the nationwide legalization of recreational marijuana in Canada, where some of the most impressive cannabis companies, like ACBFF and APHQF reside. Other notable Canadian players include ATTBF, GLDFF, GLNNF, NXTTF, MRRCF, SPRWF, and CRON.


Facebook, Inc. FB

We started off the week on Monday by signaling some options ideas, the FB Weekly $155-160 Calls. Despite a terrible start to the week for the markets as a whole, yesterday’s bounce-back helped began to provide us with the kind of moves we were looking for out of those plays.

In fact, each of three contracts in our designated range yielded the chance at multi-bag gains yesterday, with the following moves:

$155 Calls – Range: 1.55-4.27  – Max Gain: 175%
$157.50 Calls – Range: .90-2.75 – Max Gain: 205%
$160 Calls – Range: .49-1.69 – Max Gain: 245%


Extended Watchlist:
WLB, ASTC, HCC, EGO, TCAP, AQMS

Blue Horseshoe Stocks: Bottom-Watchlist & More

Coin Citadel CCTL

Among the plays we signaled in a bitcoin-related watchlist we formulated at the end of May while bitcoin prices were going haywire, was CCTL. We’ve actually been tracking this play for a lot longer than that if you refer to the CCTL Tag on our blog.

As recently as May 23rd, this stock was trading at the bottom of the barrel with a .0001 share price, and it has made just the kind of moves that one might expect from a super-subpenny play that suddenly finds itself in the middle of one of the trendiest market spaces.

Yesterday, we observed CCTL trading as high as .0008, which of course marks a rise of 700% over our witnessed lows in the space of ten trading days. We’re going to want to keep an eye on the stock, and be on the lookout for a key break into the double-zero range.


Bottom-Watchlist

We’re always searching for a good bottom play, and we’ve got a few to add to our watchlists this morning.

Dragonwave, Inc. DRWI – Up considerably in the premarket and moving to fill a previous gap on the chart this morning is DRWI. The company recently closed a hefty round of funding, which may explain the circumstances which led to it recording a new 52-week low yesterday. The company did, however, announce it has been awarded a big product supply and installation services contract from SmartSky Networks, a North American 4G LTE in-flight service provider. (>>View PR)
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Ability, Inc. ABIL
- Also gapping up to a lesser degree in the premarket is ABIL. We’ll want to keep a good eye on this one, as it recently registered a new annual low. If the activity boost we’re seeing this morning develops into a more sustained trend, we could be catching the stock just in time for a recovery.
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Sugarmade, Inc. SGMD – Sugarmade is coming off of a bottom on the chart as well, trending up moderately for the month of June so far. This morning the company announced it had received purchase orders for hydroponic growing equipment that could yield as much as $3M this year. (>>View PR)


Extended Watchlist:
GAHC, NVAX, INO, KITE, CVNA

Blue Horseshoe Stocks: Hasbro Options & More

  SPDR S&P 500 ETF (SPY)Options Recap

On Friday morning we were looking for solid jobs numbers to aid a push in the SPY, which we set ourselves up to take advantage of with a range of options calls.

We designated the SPY Weekly $227.50-229 Calls as our targets, and every one of those four sets of contracts were in play with some really nice intraday activity:

$227.50 Calls – Range: 1.02-2.04 – Max Gain: 100%
$228 Calls – Range: .59-1.53 – Max Gain: 159%
$228.50 Calls – Range: .27-1.03 – Max Gain: 281%
$229 Calls – Range: .10-.63 – Max Gain: 530%
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FRESH IDEA: Hasbro, Inc. HAS

On the heels of an impressive earnings beat this morning, we’re going to be shifting our options-trading focus to Hasbro, and the HAS Weekly $88-92 Calls.


OTHER UPDATES

Cerulean Pharmaceuticals, Inc. CERU -Another item of interest for us on Friday was CERU, which we noted, based on a number of factors, seemed primed for a breakout at any time. As it turned out, that time was immediately upon the opening bell, as CERU shot up quickly from a low of 1.11 up to 1.68, for a 51% rip.

CERU did consolidate into the close at 1.30, but with Friday’s major spike in volatility, and the sheer immensity of the volume that came pouring into the stock on the order of 39X the 3-month average, we’ll be sure to continue to track its movements as we kick off a new trading week.
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Sugarmade, Inc. SGMD - Rounding off Friday’s solid performers was SGMD. This was a first-time mention for us, and it made a pretty good first impression with a notable intraday push.

The stock rose from a low of .11 and ran as high as .1494, marking a move of 36% It also signaled the fourth consecutive session that the stock has recorded higher highs and higher lows. Between that, and a strong close with which SGMD maintained more than half of its daily advance, and we’re very interested to keep following this particular play.


Extended Watchlist:
VDRM, ABVG, RMGX, ODYC

Blue Horseshoe Stocks: Options Updates & More

Facebook, Inc. FB – Options Recap

Our fresh options idea or the day yesterday on the heels of Facebook’s earnings beat, the FB Weekly $133-136 Calls ended up providing opportunities for sizable gains early on in the session.

The following moves all occurred in the first half hour of trading, so traders would have had to be quick on their feet to get in on the action, but those who were, were handsomely rewarded with some really big, really quick gains:

$133 Calls – Range: .36-2.17 – Max Gain: 502%
$134 Calls – Range: .28-1.51 – Max Gain: 439%
$135 Calls – Range: .18-.96 – Max Gain: 433%
$136 Calls – Range: .05-.55 – Max Gain: 1000%

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FRESH IDEAS:

Amazon.com, Inc. AMZN – With Q4 earnings season in full swing, we will include another options idea based on the early activity in AMZN, which posted disappointing figures in its post-market release yesterday.

Here we’re going to be highlighting a range of puts that we feel stand to make decent gains, should AMZN’s fortunes play out as we suspect they might today. The targets we want to place on watch are going to be the AMZN Weekly $810-800 Puts.

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SPDR S&P 500 ETF (SPY) – On the bullish side of things, solid jobs numbers could very well lead to an overall uptrend for the markets as a whole, so we’re going to want to designate an a corresponding idea for that.

Generally, we like to use the SPY as a market analog, so we’re going to signal a range of SPY calls to try to take advantage of the current conditions. Our target range here will be the SPY Weekly $227.50-229 Calls.


Cerulean Pharmaceuticals, Inc. CERU

We want to keep our eyes on CERU as we close out the week, and into next week, as the stock is currently boasting a chart that looks as if it could break out at any moment.

As you can see, the stock has been gradually building a higher base of support off of annual lows recorded in the fall, and yesterday, really started to make a bullish move. We’re seeing a slight gap-up this morning to just below the resistance channel between 1.20 and 1.30. As we’ve pointed out below, there is a huge gap on the chart to the upside, and a breach of that channel would begin to fill it in.

This is a stock that we feel could easily make a 100% move inside of the next few sessions, so we will want to watch carefully.


Extended Watchlist:
MJPI, PKGM, GEQU, OWCP, SGMD, PROM