Tag: SING

Blue Horseshoe Stocks: Weekly Wrap-up, Fresh Ideas

Evoke Pharma, Inc. EVOK

Leading into yesterday’s session, some people might have looked at a gapped-down, backsliding, new 52-week low play like EVOK, and dismissed it out of hand. Those people would have missed out on the prime opportunity we provided our readers in tagging the stock for observation in yesterday’s premarket report.

Whenever we see a stock showing any indication of bounce activity off of an annual low, it puts us on high alert, and plays like EVOK are the reason for that. The stock traded in a range from 2.51 up to 3.28, a solid single-session swing amounting to 31% and it appears as if the massive gap on the chart beginning at 3.50 is already in the process of being filled, with the stock trading as high as 3.70 in early trading this morning.

We want to see the premarket low of 3.15 hold as support on any pullbacks in order to sustain our immediate interest in EVOK.

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Added Notes:
Tokai Pharmaceuticals. Inc. TKAI and CytRx Corp. CYTR – These plays are currently boasting charts that are incredibly similar to the situation we found EVOK in yesterday, with major gap-downs leading to new lows, with a hint of bounce activity in yesterday’s session. We’re going to place these stocks on alert this morning as well.

Tempur Sealy International, Inc. TPX – Options Idea

Yesterday, as we caught TPX coming off of an earnings beat, we wanted to put a range of call contracts on watch to leverage the expected subsequent activity to our advantage. Due to the fact that there were no weekly calls to track, we submitted a longer-term set of contracts, yet the gain opportunities were immediate.

Our target calls, the TPX 08/19 $70-80 Calls, all made appreciable moves on the day:

$70 Calls – Range: 3.00-5.40 – Max Gain: 80%
$75 Calls – Range:  .90-1.96 – Max Gain: 118%
$80 Calls – Range: .25-.40 – Max Gain: 60%

We’ll continue to monitr these plays in the week ahead leading into their expiration.

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Fresh Idea:
Expert traders may want to take a look at AMZN Weekly $762.50-770 Calls for potential daytrades today on the heels of yesterday’s post-market earnings beat.

North Springs Resources Corp. NSRS

NSRS was also an item of interest from yesterday’s report, having been entered into the extended watchlist as a potential bottom-bouncer. We got just the type of rebound we were after, as the stock traded up from a low of .033 to a high of .043. That was good for a nice 30% gain opportunity, and the stock will remain on our radar provided it can continue to build a higher base level of support off of its bottom.

Extended Watchlist:
DNRG, SING, VHUB, SPHS, SPU, MCRB(Watching for Bottom)

SING, USEI, AEGY & Extended Watchlist

Singlepoint, Inc. SING

SING was an unbelievable gainer for us yesterday, so much so that we felt the need to send out an afternoon alert just to make sure everyone was paying attention. After briefly touching .0195 just after the open, the stock went into beast-mode and rampaged its way into the close at its high of day, .084, a 331% intraday move on roughly 12x its 3mo. average volume.

At the time of our afternoon update (2:30pm) the stock was trading at .044, so even those who missed the morning report could have still made gains of up to 91%

We want to point out another aspect of SING’s performance that serves as a good lesson: In yesterday morning’s report we stated: “Indeed we are seeing the gap-up that we expected, this morning pre-market trades have gone off as high as a nickel. After such a huge spike, we wouldn’t be looking to jump in head-first, as a dip-and-rip scenario is exceedingly common in these situations.”

We hope that many of you caught this tidbit, because SING then executed a textbook dip-and-rip, coming down off of a nickel to touch that low of day at .0195 before taking off into the stratosphere. Congratulations to anyone who adeptly played this monster of a play. It was a great way to kick off another exciting week of OTC trading.

US Energy Initiatives Corp. USEI

Speaking of monster gainers, USEI is the other major reason why we hope folks caught our afternoon update yesterday. Our alert couldn’t have been timed much better; the stock was trading at .0027 when we published our report at 2:30pm, just before it would explode to hit a high of .0064 (A possible gain of 137%) and close just a couple of ticks below at .0062 on over 20x its average volume.

The stock traded roughly 80% of its 500M float, meaning the supply of freely-traded stock on the Street is dwindling, a scenario that could produce even more large gains as we go forward.

Remember, this company just announced its entry into the Cannabis Sector yesterday, so we’ll be monitoring this stock alongside all of the other pot plays we’ve been tracking.

Alternative Energy Partners, Inc. AEGY

AEGY was another one that appeared in yesterday’s reports and  afforded traders the chance at sizable profits, as it too played out a dip-and-rip from .0082 to .0119, a 45% move. The main difference between this and the aforementioned stocks, is that we have been following AEGY closely since the beginning last week, when the stock was trading at a low of .0036.

From our initial alert price, AEGY’s high yesterday represented a one-week increase of 231%

AEGY just underwent a Golden Cross on its chart, which will make it one story to follow closely as the week progresses.

Extended Watchlist:
JCP, RSOL, NURO, HEB, OCLS, PTIE

Blue Horseshoe Stocks: Afternoon Updates

 Afternoon Updates

We had so many potential winners in this morning’s report, we wanted to send out a quick afternoon update highlighting the best ones:

Singlepoint, Inc. SING

SING came down as low as .0195 early-on this morning, and began to run once again, pushing as high as .0495, an intraday move that provided a gain of up to 154% That’s an impressive figure for a first alert, so this is most likely going to be a topic of continued discussion moving forward.  SING is shattering its norms for volume, currently closing in on 10x its 3-month average.

Alternative Energy Partners, Inc. AEGY

AEGY made its mark as well today, trading in a daily range from .0082 to .0119, a 45% move on just under four times its average trading volume.

BioTelemetry. Inc. BEAT

BEAT was one off of this morning’s extended watchlist that made a nice positive move. It briefly touched 8.20 early in the session before making a solid 15% move to 9.44. That’s a significant margin of gain for a stock in this price range over such a short time span.


US Energy Initiatives Corp. USEI

In addition to those mentioned this morning, we wanted to add another stock to our radar this afternoon in the form of USEI. We’ve been watching this one blow up today after announcing its entry into the Cannabis Sector. The ‘Green Rush’ strikes again! We’re going to add this to our long-term pot stocks tracking list as well as continue to monitor its short-term activity.

SANTA CLARITA, CA–(Marketwired – Feb 3, 2014) – U.S. ENERGY INITIATIVES CORPORATION, INC. (OTC Pink: USEI) is pleased to announce today that the Company has decided to enter the Medical Marijuana and Hemp industries to capitalize on opportunities and relationships it has in the sector. The Company has already begun forming a subsidiary called USEI Cannabis Initiatives Corp and will develop the website for the Company and the web address will be www.useicannabis.com.