Tag: SQNM

Blue Horseshoe Stocks: Another PBR Update & More

Petroleo Brasiliero S.A (Petrobras) PBR – Options

Petrobras continues to be one of our main conduits to making large gains. We were able to carve out another chunk of profits on Friday as the stock hit a new high for us, traversing its way up the chart to peak at 15.92. Considering we picked up on this play in the low $11-range shortly following its 10-year lows back in March, we’d call its performance since then nothing short of amazing.

Of course, our real bread and butter here has been the options chain. Last week was yet another victory for anyone playing the Call side, with every contract we were watching making some nice strides.

In particular, the 07/19 $15 Calls that we’ve been tracking for weeks now have done beautifully, hitting a new high on Friday at 1.25. From the 25-cent low we observed in the week prior, that marks a walloping 400% move!

As we’ve stated before, we will continue to stick with monitoring PBR for as long as it continues to serve us up ripe opportunities for profit.

BARCHART.COM is presently issuing PBR a 96% Overall “Buy Rating”


Intuitive Surgical, Inc. ISRG

ISRG comes back to us this morning as a play that we inserted into our running watchlist back at the beginning of May. On the 6th, we mentioned that the stock could provide us with “potential gains over the next several weeks,” and while it took awhile for things to get moving, that statement still stands.

One of our points of focus was on the ISRG chart were a pair of gap-downs that had transpired in recent weeks, and we’ll still be looking for a break of that first gap to get things started. Presently we’re looking at the Weekly $385-395 Calls for intraday flip opportunities, but if it appears we’re moving to fill the gap, we may need to roll our strike price up.

Provided ISRG does fill in the gap on the chart from roughly $400-415, over the longer-term we could find ourselves looking at The Aug.-Oct. $420-440 Calls.

Solar Wind Energy tower, Inc. SWET

We put SWET on our radar on Friday, and will continue to monitor the stock over the course of the week. The chart is exhibiting signs of ripening, and looks to still be right on the verge of potentially making a nice move, so we want to keep a sharp eye on the activity here as we kick off a new trading week.

The company released some news this morning about a cash infusion they’ve received, and we’re also going to look out for potential updates concerning SWET’s presenting at the NIBA (National Investment Banking Association) conference tomorrow (Tue. 17th).

Extended Watchlist:
FIO, DARA, ACHN, AKS, SQNM, LLNW, SA, ANV

Blue Horseshoe Stocks: PBR Update & More

Petroleo Brasiliero S.A. (Petrobras) PBR When we touched base with PBR on Wednesday morning, we mentioned that we were expecting some opportunities to come our way provided that the stock could hold support at or above its 200DMA (13.69).

We also showed interest in the July 19th $15 Calls, which, leading up to that point, had been trading in the .30-.38 range, and even ventured so far as to say that a double or triple could be possible. That move came rather quickly over the remainder of the trading week, as those contracts dipped as low as .25, and by the end of the day on Friday had come all the way back to close at .61.

For us, that represented an excellent three-session move, allowing gains of up to 144% for options traders. The stock itself made a modest move up also, to the tune of 8% from 13.62 to 14.77.

The PBR chart is still looking quite ripe, with several bullish indicators catching our attention. The RSI is strengthening rapidly, there appears to be a MACD cross in the making, and provided the stock can maintain support at or above the channel between the 50DMA of 14.19 and Friday’s swing low of 14.32, we like the chances of seeing even more gains from PBR.

For intraday/intraweek flip opportunities, we can look into the $14-$15 Weekly Calls, but granted the overall trend continues, a longer-term play will continue to be the 07/19 $15’s, which as we said, have already afforded us a double-bagger.

Shamika 2 Gold, Inc. SHMX

On Thursday, we added SHMX to the mix as a sub-penny play that had struck us as having some potential. As with the majority of stocks trading in the triple-zero range, SHMX is susceptible to rapid swings in price, and we saw that first hand as we closed out the week. On Friday, the stock saw a low of .0003, and a subsequent upswing to its closing price of .0005.

That made it possible for traders to nab a quick profit of 67%  We always want to be extremely cautious when dealing with volatile plays in this price range, as they are not for the faint-hearted. Quick-strike trades are the order of the day, and for more skilled traders, proper timing of each dip and rip can lead to gains really piling up.

Extended Watchlist:
TMSH, TBEV, IDIX, ACHN, SQNM, DRL, PGNX, PFIE, LIVE