Tag: STAF

Blue Horseshoe Stocks: FAST Review & More

Fastenal Co. FAST – Recap

We have had a continuous run of good fortune with our past several options calls over the last few weeks, and we continued to press our luck yesterday in signaling a range of options ideas for FAST.

We highlighted the FAST Weekly $50-55 Calls  as our fresh idea in yesterday morning’s premarket report, and not only did each of them provide chances for single-session profits, but they did so in absolutely grand fashion.

Serious multi-bag moves were on the menu regardless of which of the three strike points in our selected range was chosen by traders, with the $55’s being the most eye-popping with 38-bagger!

$50 Calls – Range: 1.65-6.50 – Max Gain: 294%
$52.50 Calls – Range: .45-4.00 – Max Gain: 789%
$55 Calls – Range: .05-1.98 – Max Gain: 3860%
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Fresh Idea :
Delta Airlines, Inc. DAL Weekly $49.50-51.50 Calls

Idera Pharmaceuticals, Inc. IDRA

We also want to place IDRA on bottom watch this morning after noticing how oversold the stock has become.

A merger agreement, one that wasn’t particularly favored to begin with, was cancelled, causing a big selloff. The kicker, is a literal ‘kicker’, a cancellation fee of $6M payable to IDRA by the proposed merger partner. That’s why we feel now is a good time to begin watching IDRA for a possible bottom bounce.

Extended Watchlist:
STAF, ZGNX, PZZA, NTRA, BBOX, CHFS, FTWS, RDGL

Blue Horseshoe Stocks: DMTX Review, Options & More

Dimension Therapeutics, Inc. DMTX

We alerted on DMTX after a sizable gap-up few weeks back on the morning of August 25th. That day we would observe a low of 2.90 in the stock, and it never looked back.

Throughout the month of September the stock has mostly been stair-stepping its way up in steady fashion, but news of an unsolicited buyout offer (@5.50/share) kicked this play into a much higher gear to start things off this week, and yesterday DMTX attained a high of 5.90.

That works out to a three-week double-bag swing of 103% We wouldn’t expect to see the stock travel much higher, certainly not without confirmation or further details on a proposal, but will still keep our eyes open for further activity after a very strong session yesterday.

Fresh Options Ideas

We’ve got a pair of options possibilities  to present this morning. Yesterday’s market sentiment was exceedingly bullish, with more than 65% of NASDAQ quoted stocks trading at or above their 50-day moving averages.

Today, better than expected numbers on Housing Starts and Building Permits were reported, which could assist in keeping the momentum moving.

SPDR S&P500 ETF (SPY) – For a direct market analog, we generally turn to the SPY, having had immense success with it on several separate occasions in the past. We’re going to signal the SPY Weekly $249.50 & $250 Calls for observation as we approach midweek.
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The Kroger Co. KR – We’re also noticing a heck of a bottom setup on KR. A strong multiple bottom signal showing the stock at a solid support level, and a couple of gaps to the upside on the chart leaves us looking at a pair of longer-term contracts. We’re going to place the KR 11/17 $23 & $24 Calls on watch in the event of a recovery for Kroger.

Extended Watchlist:
STAF, CAPR, MRTX, NTEC, NBRV, RNVA, AGTC

Blue Horseshoe Stocks: ADPT Review & More

Adeptus Health, Inc. ADPT

We tagged ADPT in yesterday morning’s report after noticing some abnormal price action and volume in Tuesday post-market trading and in the premarket. It’s the first time we’ve ever mentioned the stock in our long history, and it set the bar high with an excellent rip right out of the starting gate.

The stock shot up like a rocket from a low of 1.12 to a high 3.70, which works out to a 230% pop. Following that huge morning run the stock pulled back and is searching for support, but with the kind of volume and activity we witnessed yesterday, we won’t write this one off entirely. The potential for another bounce is definitely there.

Bravatek Solutions, Inc. BVTK  – We were just mentioning yesterday morning how a participant in our chatroom raised a flag on BVTK Tuesday before it went on a huge run of more than 500% on enormous volume. That momentum carried over really nicely into yesterday’s session, as the stock traded in a range from .0009 early on, all the way to a new high of .0035.

That 288% intraday pop coupled with the previous days enormous increase reinforces what we’ve been talking about in terms of certain plays in the subpenny arena being on fire right now.

To further enhance our point, the big gainers didn’t stop there for the daily trader’s chat. We picked up on a key PR put out by Innovativ Media Group, Inc. INMG tying them to cannabis shortly following the opening bell yesterday, and that put up an impressive performance for the day as well, running 195% from .0019 to .0056.

This call was made well after our premarket reports hit the wires, which demonstrates why we encourage all of our readers to also join in on our daily in-session live chats. Once again- to participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.

Celsion Corp. CLSN

We also want to flag CLSN, which put out an interesting PR this morning pertaining to preclinical studies on its bladder cancer treatment under development. (>>View PR)

Meanwhile, the stock itself has been stair-stepping up off of its bottom since February, and must return to the 1.00-level or face delistment from the NASDAQ. We’ll be interested to keep an eye on this play in the weeks and months ahead.

Extended Watchlist:
EARS, RTTR, STAF, AVGR, TVIA