THWI Archives - Blue Horseshoe Stocks

Golden Phoenix Minerals, Inc. – GPXM & Today’s Ext. Watchlist

Golden Phoenix Minerals, Inc. GPXM

GPXM is new to our reports this morning. It caught our eye for a number of reasons, including one heck of a strong chart setup.

Recently, from May to June, the stock ran from .009 to .0328 for a 264% gain. Since that time, we’ve seen a consolidation and we’ve found a level of support at the .015 mark. The stock has been trading in a tight channel in the meantime, bouncing around between .015 and .022. A break of that resistance at .022 could really send this thing shooting back to recent highs in the low .03’s.

The 20DMA is rising toward a Golden Cross with the 50DMA. The RSI is pointed northward, holding above the 50DMA overlay, and appears as if it wants to head toward the powerzone. (Currently 55.98, Powerzone: 70-90)

The Slow STO is hooking up, looking ready for a cross as well. We’d like to see it continue to hold above the 50DMA overlay, which we will take as a sign of strength.

Barchart is currently giving GPXM a Buy Rating

The company also hinted at recent progression in the PR dated June 11th.

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Extended Watchlist:

ARNA, EBIG, THWI

THWI, VHGI, ECDC, EEDG & Today’s Extended Watchlist

Thwapr, Inc. THWI

On June 20th, we identified support for THWI at .026. We have seen that support hold, and yesterday, the stock hit a high of .04, for a possible gain of 54%, and closing out the day at .035 (+35%).

Moving forward, we would like to see THWI take out resistance at the 20DMA of .037. If it can rise above that level, we feel there is a chance for it to test the 200DMA (.058).

Yesterday’s volume was 2X the 3mo. average, and we just might see a continuation of that, with added help from today’s news:

LAS VEGAS, June 26, 2012 /PRNewswire via COMTEX/ — Thwapr, Inc. (OTCBB: THWI), a mobile video sharing company, will be showcasing its proprietary mobile video sharing platform in a high profile event in Asia – The SME1 Asia Awards 2012.

This exclusive by-invitation-only event is attended by the CEOs of successful Asian companies, industry leaders and government officials from Singapore, Malaysia, Indonesia, Cambodia, Korea, Thailand, Myanmar, and China. This elite event recognizes and rewards successful Small and Medium Enterprises in the region that contribute to the development of people, society and the environment.>>>MORE

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VHGI Holdings, Inc. VHGI

VHGI set a solid candle on the chart yesterday, with the open of .05 being the low of day, and the close of .08 being the high, putting up a great perfermance, gaining 45% on the day.

The volume was relatively low, which could be an indicator that the selling pressure has dried up, leaving the bottom on this stock behind us. We’ll just want to make sure we keep an eye on this one for support to hold at .05.

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East Coast Diversified Corp. ECDC

ECDC earned us a spot on Penny Stock Rumble‘s winners list, trading over $125000 in dollar volume, and running from .0025 to .0034 for a gain of 36% on Monday. That marked the third winner we called yesterday, and added to the other gains, we were over 100% for our calls on the day.

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Energy Edge Technologies Corporation EEDG

One of our selections from last week also did very well on Monday. EEDG appeared on our Extended Watchlist on Friday. After a .07 close, the stock turned around to hit a high of .153 yesterday, gaining 119%, while giving everyone a sharp reminder NOT to overlook our Extended Watchlists, which we provide for you every single day. It often contains hidden gems such as this.

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Extended Watchlist:

ARNA, BKW, VPER, EHC

Arena Pharmaceuticals, Inc. – ARNA & Today’s Extended Watchlist

Arena Pharmaceuticals, Inc. ARNA

ARNA has been on an unstoppable run since we’ve had it appear in our newsletters. Even in uncertain times with the market, with the Dow being down more than 200pts yesterday, ARNA continued to push forward, gaining another 11%

That brings the total gain we’ve pulled in from ARNA to 112% in just over a month’s time. There are certainly no guarantees that ARNA will receive the FDA approval that everyone seems to be anticipating. Some would say now is the time to lock in those profits before the results are in, for failure to attain FDA approval could send this stock into a downward spiral.

We’ve even considered the idea of playing puts on ARNA options should things get a little ugly from here. $5 & $7 Puts would be multi-bag winners if the stock should fall to the 2.00 range, a distinct possibility if FDA approval isn’t awarded.

On the flipside, straddling the stock by purchasing both a Call and a Put could mitigate our risk in the event that FDA approval is forthcoming. For example, the $15 Calls were trading at .83 yesterday, and the $5 Puts closed at .38. ($7 closed @ .65) which will be even cheaper if the stock gaps up this morning as it appears to be doing.

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Extended Watchlist:

THWI, USNL, EEDG, RENU

RENU – Renuen Corp. & Today’s Extended Watchlist

Renuen Corp RENU

RENU has appeared in our newsletter and on our extended watchlist over the past couple of months.

In May, we saw it run from a low of .0016 to a high of .0073, for a 356% gain. Following that run, we experienced a consolidation, where RENU found support in the low .002’s.

Yesterday the stock began to perk its head up, hitting a high of .004. The key to the session was the breaking of the 50 & 100DMA, (.0033 & .0034).

RENU is receiving a “Buy” Rating from Barchart.com

We feel that the indicators are setting up the possibility for another big run, so we will want to remain vigilant, and keep RENU on our radars.

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Extended Watchlist:
ICPA, AAPT, THWI, ARNA, ACI

WEST, THWI, ACI & Today’s Extended Watchlist

Westinghouse Solar, Inc. WEST

WEST appeared on our extended watchlist Monday for the first time, and the stock turned in a great performance. From the low of .211 to the high of .30, the stock managed a gain of 42%

It’s always nice when a pick pays almost instant dividends. We are certainly going to leave WEST on our active watchlist for the foreseeable future.

This, on the heels of Monday’s exciting announcement, stating that “CBD Energy and Westinghouse Solar Received 5MW Order From Australia’s Largest Whitegoods, Electrical Retailer, Harvey Norman, Commercial Division”

The Order for Five Megawatts exceeded the value of the company’s total shipments for 2011.

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Thwapr, Inc. THWI

THWI appears to be ripe for a rebound . We have been pounding the table on this play since last week, which was the perfect opportunity to get in cheaply as the stock had dipped to .026.

THWI has held a higher lows both days this week, at .029, leading us to believe that this consolidation period has almost run its course.

Yesterday the stock ran into a little resistance just shy of the 20DMA (.037), but once that level is breached, it would be no surprise to us if it were to continue on to test previous areas of resistance at .06 and .08, as we’ve pointed out on the chart below.

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Arch Coal, Inc. ACI

ACI continued its recovery yesterday, stacking up some additional gains from where we first spotted it in our alert at 6.07 on Monday. Yesterday’s high of 6.49 respresents a modest gain of 7% from our initial flag. As we stated in that alert, we are looking at this play more for its longer-term potential, however, we believe it has short-to-mid-term potential as well.

The stock closed above a key resistance point (the 20DMA of 6.43), which we view as a healthy indicator. We’d like to see ACI hold above that 20DMA, we will maintain our bullish opinion of ACI.

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Extended Watchlist:

AAPT, ARNA, COIN, FEGR