SKTO Archives - Blue Horseshoe Stocks

News Updates & More

NEWS UPDATES:

We’ve got more fresh press releases to relay to our readers this morning on a couple of OTC stocks that we’ve been tracking very closely in recent weeks.

Delta Resources Ltd. GOLHF

Delta, the prime gold play that we initially highlighted on July 28th continues to see positive signs from their gold projects. The Delta-1 property just produced some very encouraging gold grain counts in a recent survey.

GOLHF remains a nearly-stage gold play with a lot of promise for the future, especially with gold itself performing as it has recently.

KINGSTON, ON / ACCESSWIRE / August 12, 2020 / Delta Resources Limited (“Delta” or “The Company”) (TSXV:DLTA) (OTC PINK:GOLHF) is pleased to announce results from a till sampling orientation survey at the Delta-1 Property, 50 kilometres west of Thunder Bay, Ontario.

Gold grains were recovered from every till sample of the survey with eight samples returning between 41 and 457 gold grains (on a normalized 10kg fraction-size sample). With pristine grains accounting for 78% to 99% of the total gold grains. The pristine character of the gold grains indicates that there has been very little transport and hence these samples are interpreted to be proximal to a bedrock source for the gold. (>>View Full PR)

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ADM Endeavors Inc. ADMQ

Also coming with more news today is ADMQ, which reports greatly increased year-over-year revenues for the first half of 2020 in its screen printing division, which recently added sublimation capability.

Fort Worth, Texas, Aug. 13, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — ADM Endeavors, Inc. (OTCQB: ADMQ) announced today that the Company’s wholly owned subsidiary, Just Right Products, Inc., located in Haltom City, Texas, is continuing to thrive despite the current national economic conditions, with its screen printing division revenues up 105% for the six months ended June 30, 2020 compared to the same period last year. (>>View Full PR)

Fresh Options Ideas

TSLA Weekly $1625-1640 Calls
SPY 08/17 $337-339 Calls

Extended Watchlist:
EWLL, SKTO, PAOG, MRMD, GDET

Blue Horseshoe Stocks: SKTO Report

SK3 Group, Inc. (aka Medical Greens) SKTO

Our regular readers are more than familiar with SKTO, as our coverage of this stock goes all the way back to last year (We actually caught this when it was trading as low as .0023!), but for the sake of our newest members, allow us to profile SKTO once again, and look into recent developments.

SKTO is, of course, part of the enormously successful marijuana sector, which sprung to life several months ago, leading up to the beginning of legal sales in Colorado. We’ve been heavily tracking this market space all the while, and have been afforded chances at percentage gains totaling in the tens-of-thousands as a result.

There are several things going on with this stock that make it ripe for the picking, from operating in such a popular sector, to recent alliances, and one heck of a chart setup.

Before we get into that, let’s touch upon the latest news on the cannabis legalization front. Last Friday, at an appropriations committee hearing, US Attorney General Eric Holder offered this on the legal reclassification of marijuana: “We [the administration] would be more than glad to work with Congress if there is a desire to look at and reexamine how the drug is scheduled”. There is evidence of a very real desire to do just that, with nearly 20 congressional members already having called upon Obama to take the matter into his own hands.

At present, marijuana is actually considered and treated as a Schedule I substance, placing it on par with drugs as dangerous as heroin. Any person with a little common sense and education can tell you that by no means do these two substances belong in the same category.

This comes as the latest in a series of position-softening comments by members of the Obama administration, including the president himself, that signify to us that the groundwork for widespread legalization is already being laid. It’s truly just a matter of time.

This cultural revolution is making it possible for stocks just like SKTO to make small fortunes for quick-witted traders , and one of the things that makes this play exciting is the alliance it has formed with yet another of our favorite past pot plays, AEGY.

Operating as PharmaJanes, AEGY has teamed up with SKTO (operating as Medical Greens) as outlined in a recent PR, with the intent being to “merge the two companies for better market efficiencies and to create a single medical marijuana market support company which can qualify for a higher (AMEX, NASDAQ) market listing.”
If it were just any company involved in such a pact, we might not take it as seriously, but coming from a revenue-producing company like SKTO, it begs our attention. After all, reported gross revenues increased for each of the first three consecutive quarters of 2013, and we wouldn’t be surprised to see that number climb with the upcoming release of 4^th quarter financials. The company recently put in for a late filing, and per that statement, we can expect those numbers to be released by April 15^th.

Lastly, we’ll take a look at the SKTO chart, which is looking ripe at the moment. The stock has begun to bounce, and indicators suggest we could easily pile on further gains from here.

As you can see on the chart, the RSI is rising sharply, and the MACD is exhibiting the beginnings of a bullish pattern. The main area of resistance we are looking at is the 50DMA of .034, and beyond that, recent swing-highs at .042 and .052 and .0735.

If SKTO were to break resistance at its 50DMA, a return to those levels would mean gains from 65-188% over the current price of .0255, so we’ll definitely be watching SKTO closely.

Blue Horseshoe Stocks: Pot Stocks Still Trending

Perhaps some of you were wondering why we went out of our way to re-affirm our interest in pot stocks yesterday. Our latest favorite sector provided a quick answer to that, as the uptrends continued for most of these plays. Once again we remind our readers that this up-and-coming market sector is bound to be one of the biggest stories of the year, and so far there’s no end in sight.

Alternative Energy Partners, Inc. AEGY

Our coverage of this medical marijuana stock in yesterday’s newsletter came just in the nick of time. The stock had been heating up in the previous session and did not disappoint, touching a low of .0036 before surging to a high of .0065. That marks an intraday gain of 81% on almost a billion shares traded (Roughly 9x the 3mo. average), and was a strong enough performance to land us atop the Penny Stock Rumble, an honor we’re no strangers to receiving:

The stock looks like it wants to gap up again this morning, so we;ll be watching AEGY diligently today.

Other Winning Cannabis Calls

Along with our reminder to continue paying attention to all marijuana-related stocks yesterday, we included a list of several of the more notable candidates, and of that list most of them saw substantial gains.

EAPH – Daily Range: .0165-.0243 – Max Gain: 47%

CBIS – Daily Range: .146-.26 – Max Gain: 78%

MJNA – Daily Range: .3151-.40 – Max Gain: 27%

HEMP – Daily Range: .059-.071 – Max Gain: 20%

SKTO – Daily Range: .024-.0349 – Max Gain: 45%

ERBB – Daily Range: .012-.0147- Max Gain: 23%

TRTC – Daily Range: .385-.485 – Max Gain: 26%

Those are just a few of the opportunities that were available, as you can see from the following scan of yesterday’s most active OTC stocks. The vast majority were marijuana-related, as the “Green Rush” saw new life breathed into it once again:

Central Wireless, Inc. CWIR

To add a new cannabis play to our spectrum this morning, we are looking at CWIR. We noticed that this stock has been running over the past couple of sessions on greatly increased volume, and is going to be one that we want to follow closely.

Extended Watchlist:
AKS, ARIA, CTIC, CAMT, ADMP, TXMD,

ERBB, AEGY, BDSI & Extended Watchlist

Tranzbyte Corp. ERBB
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We highlighted ERBB on Friday and the stock came out swinging, continuing the momentum that was building in the previous session.It came out of the gate strong, running quickly from a low of .0119 up as high as .0154. That marks a respectable intraday move of 29%As the stock pulls back off of that run, we’d like to see support hold over a penny, and will be monitoring the situation for any possible bounce opportunities.

Alternative Energy Partners, Inc. AEGY

We’ve had AEGY on our radar since last spring, and after a serious increase in recent trading activity, we wanted to bring it back into the conversation. The stock has been in full-on breakout mode for the past couple of sessions, and appears to want to gap up even further this morning. What we are going to want to do is watch carefully for any possible dip-and-rip opportunities. Stocks that gain so much ground over so short a time-frame are susceptible to high volatility and sudden pullbacks, and are often followed by what can be very lucrative bounceplays for quick-witted traders.

This is another of the medical marijuana related stocks that we’ve been tracking for a long while. AEGY, in particular, operates pharmajanes.com an online dispensary for California residents, but the list of companies that we’ve tracked cover every part of the sector, from medical to legal cannabis, to growing apparatus, and more.

To list a few of the standouts we’ve tracked over an extended time: EAPH, FITX, CBIS, HEMP, PHOT, MJNA, SKTO, TRTC, EDXC, MWIPD, EXMT, CANN, MDBX, GWPH and that’s only a partial list. Cannabis has been allowing a lot of people to cash in via the stock market, and we expect the opportunities to keep coming.

BioDelivery Sciences International, Inc. BDSI

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BDSI appeared in Friday’s Extended Watchlist and made a notable 16% intraday move, trading from a low of 8.18 to 9.49 on almost 15M shares traded. The spike in price and volume comes on the heels of Thursday’s PR regarding positive testing results for the pain medication the company has under development:

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Endo and BioDelivery Sciences Announce Positive Top-Line Results from the Phase III Clinical Trial of BEMA Buprenorphine in Opioid Naive Patients with Chronic Pain (Thu, Jan 23)

Extended Watchlist:
REVI, RITT, NWBO, MM, ALU, CLSN, HIHO, RNN

Blue Horseshoe Stocks: Cannabis Update & More

Pot Stocks Update
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On Friday, we surmised that the general consolidation after last week’s epic surge in the cannabis sector would lead to rebounds for many of the pot stocks that we’ve been tracking long-term, and were correct in our assumption. Not an especially impressive feat, considering the fact that we’ve seen the bottom-bounce scenario play out hundreds of times; it’s practically a law of nature.

The following are some of the more notable cannabis bounce-plays that we observed to start the week:
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Transbyte Corp. ERBB

ERBB reached a bottom (.0057) Friday shortly after 10am, and has done a fine job of bouncing back. Yesterday we saw the stock trade as high as .0098, closing just one tick below at .0097 on more than thrice the 3-month average volume. That’s a 72% swing spanning consecutive sessions.

Hemp, Inc. HEMP

HEMP came down from its big run over eight cents to find support at .031, from which point it has found its way back up to .06. That rebound was good for gains as high as 94% Like ERBB, HEMP finished out Monday’s session near its high-of-day, closing at .0594.

Creative Edge Nutrition, Inc. FITX

FITX is one that has done exceptionally well with regard to holding most of its recent gains when it did pull back. If you recall, we witnessed a low of .0056 last Monday, and the consolidation off of its highs at .031 only took it as low as .0111. The stock has recovered nicely, pushing its way back to .0265 during yesterday’s session; a bounce-play worth gains of up to 139%

GreenGro Technologies, Inc. GRNH

Unsurprisingly, one of the biggest runners from the ‘Green Rush’ turned out one of the bigger bounces on its recovery. It came down from its highs well over a dollar, and bounced off of the .20-mark yesterday, only to rebound as high as .49, a 145% swing. This morning in pre-market trading it has poked its head back over fifty cents.

Growlife, Inc. PHOT

PHOT touched bottom at .18 on Friday, and as of yesterday had pushed its way back to a high of .293. That represents a 62% bounce. PHOT is holding its ground in early trading this morning.

SK3 Group, Inc. SKTO

SKTO dipped back to .0115 Friday, and followed the trend of recovery yesterday, achieving a price of .0235, marking a two-session swing of 104%

Other cannabis stocks that were on the rebound Monday included TRTC, AVTC & CANN

Rexhan Pharmaceuticals, Inc. RNN

It became apparent that RNN would continue its recent uptrend early-on yesterday. Even though we had already seen impressive gains amounting to nearly 200% in a range from .4026-1.19 up to that point, it continued to surge, reaching its peak at 1.85.

RNN is trading in the 1.40’s pre-market, so like the other massive gainers we’ve followed over the past week, we’ll be continuously monitoring for support and the potential for a subsequent bounce.