Tag: TALK

Blue Horseshoe Stocks: Several Updates, New Ideas & More

Linn Co. LNCO & Linn Energy LINE

We often include this related pair together and have mentioned them several times in past reports. Most recently was a week ago today, when we called attention to the fact that their [nearly identical] charts were trading at a relative bottom and looking ripe for a rebound. It didn’t take long for our expectations to come to fruition, with both stocks posting solid performances during yesterday’s session.

LNCO ran from .355-.515 for a move equaling 45%, while LINE did slightly better with a run from .32-.50, representing a  56% intraday upswing.

Rex Energy Corp. REXX

We took notice of the momentum that had built up in REXX yesterday, leading us to include a mention of it in our premarket report. We liked its chances of continuing the pattern it had established on the heels of a purchase agreement announcement, and that’s just what it did.

From a morning low of 1.03 we witnessed REXX run as high as 1.44 shortly after 1PM. That registers as an intraday pop of 40% We’ll continue to keep an eye on this play provided it can maintain support above a dollar on any pullbacks.

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Added Note: GEVO was another one from yesterday’s report to trade solidly in the morning and early afternoon. The stock made a relatively small 20% intraday move from .25-.30. It’s still hovering around that high early on today, so we’ll be leaving GEVO on our radars also, for the time being.

Oil-Related Plays

We also wanted to remind our readers of the plays we’ve been tracking recently that are tied to big oil:

VelocityShares 3x Long Crude Oil ETN – UWTI
Petroleo Brasiliero SA (Petrobras) PBR

Both have been putting up solid performances with oil having been on a bullish tear in recent sessions. It appears as if many oil stocks are gapping up in the premarket, so we’ll be interested to follow the resultant action in our own oil-related interests. In the case of Petrobras, we want to go ahead and signal a possible options idea: We’ll be looking at observing PBR Weekly $6 & $6.50 Calls over the remainder of the week.

Strikeforce Technologies, Inc. SFOR – Recap

We also want to take a second to comment on the early move made by another of our recent items of interest, SFOR. In the video chart we published, we mentioned needing to see it hold above a specific support level and it managed to do so for the first part of the session. The stock caught a bounce off of the .0026 level and ran 62% intraday to .0042.

That daily high represented an overall new high for us as well. We’ve now seen a total jump of 500% over our observed low of .0007 from the day of our initial alert on March 31st.

Extended Watchlist:
MDVN, GSS, SDOC, AGTK, TALK, KGNX(Bottom-bouncer)

Blue Horseshoe Stocks: Fresh Ideas, Reviewing Winners & More

Eagle Bulk Shipping, Inc. EGLE

We caught sight of a stock that’s been building a cherry of a chart in the form of a nice bottom-bounce, the momentum from which it has sustained over the past four sessions.

We went ahead and pointed out a few highlights on the chart below. Despite already being up considerably above recent lows, a number of indicators still give us a bullish feeling on EGLE at the moment. We’ll be looking for a break of key resistance at the current 50DMA of .83. As you can see, the stock has demonstrated high month-to-month volatility, and recently made a brief but impressive swing into the three-dollar range.

We’ll keep the play on our radar in coming sessions as a return to much higher levels seems perfectly plausible at the present time.

PBR Options Recap

Before we jump into the fresh ideas we’ve worked out for today, we just want to take a second to go over the gains possible from one of Friday’s options calls. We said we wanted to track the PBR Weekly $5-6 Calls, and it was the 5.50’s that performed the best for the day.

We saw those contracts trade up from a low of .18 and reach .32 for a solid chance at up to 78% profits for the session.

Strikeforce Technology, Inc. SFOR

We also want to recap the excellent performance we’ve seen from SFOR in the seven sessions since our initial alert on the stock in our premarket report from March 31st. On that day, we witnessed a low of .0007, and the stock hasn’t looked back yet.

On Friday alone, the stock made a healthy 80% intraday rip from a low of .001-.0018. That high also registered as a 157% overall upswing over our observed low.

Extended Watchlist:
TALK, MLCG, CGRW, CANN, LIFE, GALE

Blue Horseshoe Stocks: Winning Options Calls & More

Options Updates

Abercrombie & Fitch Co. ANF

We had very good fortune with most of the ANF options contracts we signaled in yesterday morning’s premarket report following an earnings beat. We were after intraday trade possibilities in the ANF Weekly $29-32 Calls, and with the exception of the $32’s which weren’t pushed into the money, gains of over 200% were available across the board.

$29 Calls – Trading Range: .50-1.51  – Max Gain: 202%
$29.50 Calls – Trading Range: .29-1.10 – Max Gain: 279%
$30 Calls – Trading Range: .19-.75 – Max Gain: 295%
$30.50 Calls – Trading Range:  .13-.53 – Max Gain: 308%
$31 Calls – Trading Range: .07-.34 – Max Gain: 386%
$31.50 Calls – Trading Range: .05-.16 – Max Gain: 220%
$32 Calls – Trading Range: .05-.11 – Max Gain: 120%

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Petroleo Brasiliero S.A. (Petrobras) PBR

We also want to give a quick update on another extended-term idea we had recently. On Tuesday, we submitted PBR 04/01 $4 Calls for observation, and those have made a run from .13-.25 (+92%) as PBR has traded up from 3.55 to 4.13.

We expect the figures on those gains to keep rising today as PBR has advanced as high as 4.39 thus far in the premarket. We’ll be sure to stay on the trail of those contracts, with nearly a month left on the contracts before expiration. We’ll also keep an eye on the $4 and 4.50 Weekly Calls. Of course, we’ll look to roll our strike prices up if the situation dictates.


Aeterna Zentaris, Inc. AEZS

AEZS is a familiar play that we’d like to touch base with again this morning after noticing some interesting chart activity. The stock broke its 50DMA during yesterday’s trading session and is presently trending up in the premarket, testing resistance in the $4-area. The next area of resistance comes in at 5.18, where a gap on the chart begins, and extends up to the 6.50 level.

We’ve prepared a snapshot below which outlines the highlights of the current AEZS chart.


EffTec International, Inc. EFFI

EFFI is another recent mention we’d like to update our readers on this morning. After signaling EFFI in our watchlist on Friday, the stock has gone on to make a solid move. We observed a low of .0024 followed by a high of .0049, which works out to a 104% swing.


Extended Watchlist:
AWGI, DEAC, NUUU, NWPN, TALK, USAR, FLST, EGYF