Blue Horseshoe Stocks: GIGL Explodes & More

Giggles N’ Hugs, Inc. GIGL

We were exceptionally pleased with the performance of GIGL after including it in Friday’s premarket report, and our timing really couldn’t have been any better. The stock had been trading sideways for months, without so much as a spike, yet it still broke out for a monstrous single-session move.

GIGL traded up from an early low of .0053, smashed through the penny barrier, and hurtled its way to an impressive high of .024. That worked out to an intraday push of 353% and it came on record volume.

For those reasons, we’ll certainly be ready to continue monitoring the activity in this play. We’ll of course allow for the possibility of some course correction, but the odds of seeing either a continued increase, or a dip-and-rip scenario, seem reasonably high at this point.

LIG Assets, Inc. LIGA

We also got a pretty good performance out of LIGA, which was another inclusion from Friday’s report. The move didn’t quite rise to the magnitude of the aforementioned stock, it did attain double-bagger status with a significant gain opportunity.

From a low of .001, we watched as LIGA shot to a high of .0022 inside of the first two hours of trading. That was good for quick gains of up to 120%    Perhaps just as importantly, the stock maintained more than half of its daily advance, so we’ll be keeping an eye peeled in sessions to come.

Merrimack Pharmaceuticals, Inc. MACK

We also want to draw attention to MACK this morning, a stock that we haven’t visited in quite some time. Following the establishment of a new 52-week (and indeed, a three year) low on Friday, a bombshell development hit wires this morning and is really causing a stir.

PPS has increased considerably in premarket trading as the company announced that it has sold a pancreatic cancer drug, among other assets, for a cool billion dollars. (>>View PR)

Whenever a major catalytic event such as this transpires, we always like to monitor the situation on the tail end. Hypothetically, a return to its pricing from around this time last year, from this point, would carry a gain of around 100%

Extended Watchlist:

Blue Horseshoe Stocks: TLOG Recap, Options & More

TetraLogic Pharmaceuticals Corp. TLOG

We pointed out what we felt was an interesting chart on TLOG yesterday morning in our premarket report, and the stock ended up being our top performer of the day.

We witnessed an intraday run from .31 to .62, a perfect 100% double-bag rip and it came on roughly 16.5X the three-month average trading volume. The stock ended the day at .49, sustaining more than half of its daily advance into the close. That puts us on momentum alert for the possibility of another solid session today.

Remember, there’s still an enormous gap to fill on the chart from around .65-1.50, so if we can see a testing of the lower limits of that gap, things could get mighty interesting with TLOG really quickly. We’ll be sure to stay on alert.

BP plc (BP) – Options Idea

After an interesting mixed-result earnings release in which BP reported an 80% slide in profits for Q1, yet still managed to beat estimates, we’re seeing an interesting bit of premarket activity. With the stock having gapped up roughly a dollar, we’re going to go ahead and signal a range of options that should fare well if the sentiment in early trading prevails during the session.

Of course we’ll have to keep our eyes peeled for an early dip-and-rip, but if things unfold the way we suspect they may, we’ll be very interested in tracking the BP Weekly $32-33.50 for potential daytrade/swing trade chances as we head into midweek.

Eleven Bio-Therapeutics, Inc. EBIO – Update

We also want to track back to a call we made on Friday, April 15th, suggesting our readers watch the stock into last week, and it ended making an excellent six-session Friday-to-Friday swing of 227%

The stock ran from a low of .52 to 1.70, and just began to consolidate yesterday as we kicked off the new trading week. Now that we’ve followed EBIO on the way up, we’ll continue to monitor it as it comes down, staying ready for any bounceplay opportunities that might present themselves.

Extended Watchlist:
STEV, ONOV, HPTG, EARI(Bottom-bouncer)

Blue Horseshoe Stocks: Options Review & More

Options Updates

Under Armour, Inc. UA – On Thursday, we signaled interest in the UA Weekly $45-48 Calls and as you may recall, on that day we were provided the chance at gains spanning from 42-186% from contracts within the range. We mentioned the following morning that we expected to see further moves out of them. Our assumption proved accurate.

Multi-bag intraday gains were there for the taking, and the trading ranges in some cases exceeded any of the big gains we’d seen on Thursday by a wide margin: 

$45 Calls – Trading Range: .87-2.05 – Max Gain: 136%
$45.50 Calls – Trading Range: .54-1.54 – Max Gain: 185%
$46 Calls– Trading Range:  .20-1.10  – Max Gain: 450%
$46.50 Calls – Trading Range: .10-.57 – Max Gain: 470%
$47 Calls – Trading Range: .02-.20 – Max Gain: 900%


Bank of America Corp. BAC  – We were also targeting BAC options last week, namely the BAC 07/15 $15 Calls which we signaled for observation on Wednesday morning. That day we witnessed a low of .51 in those calls, and the performance was quite respectable for the remainder of the week, culminating in a high of .85 on Friday.

We’re going to want to leave this play on our radar, with so much time remaining until their expiration, we may yet see further opportunities arise.

Lithium Corp. LTUM

We also want to make a quick mention of LTUM, which appeared on our watchlist on Friday, and subsequently made a notable move.  The stock traded in a range from .10-.1349, for gains approaching 35%

Adding to the Radar

We took a look around this morning for a few new items of interest as we kick off another trading week, and came up with the following four stocks, three of which are in the biopharma sector. Half are catching our attention with fresh news out this morning, and the other half have attractive features on their charts.


EP Global Communications, Inc. EPGL

Johnson & Johnson Vision Care, Inc. Secures Exclusive Right of First Negotiation to EP Global Communications, Inc. Ophthalmic Technologies (Mon 7:10AM EDT)

Protea Biosciences Group Inc. PRGB

Protea announces license agreement with Yale (Mon 8:00AM EDT)



TetraLogic Pharmaceuticals Corp. TLOG  & StemCells Inc. STEM are also going on our watchlist after we’ve identified gaps on both charts in need of filling. We’re going to keep an eye on this pair over the next few sessions and see how it shakes out.

Extended Watchlist: