FREE, VCLK & Extended Watchlist

FreeSeas, Inc. FREE

We mentioned FREE on Tuesday after it set off our irregular volume scanner. We’re still watching this stock, as it has managed to achieve higher lows and higher highs every day since then while maintaining much of that volume and momentum. We generally consider a setup like this to be a bullish signal, so we’ll be monitoring the situation as we close out the week. So far, from Tuesday’s low (.2213) to yesterday’s high (.3346), our total possible gain on this play in just three sessions amounts to 51%

We mentioned that our main areas of resistance here were at .33 and .38, and that statement still holds true.


VCLK Options
We were looking at the 09/21 $21 Calls on VCLK a couple of weeks back, so let’s look at what they’ve done for us in the meantime. At the time they were trading in the .60-.80 range, and have since hit a high 1.45, reached at yesterday’s close. We are going to want to keep an eye on these calls heading into their expiration at the end of next week. Provided VCLK continues to fill its recent gap-down (pointed out in our previous report) and push us further into the money, we should continue to see gains from these contracts.


Extended Watchlist:
OCLR, CTIC, ONCY, SGMO, RMTI, CUR

VLCK Options, OWOO & Extended Watchlist

VCLK Options
Last Monday, we were taking a look at the VCLK Options chain, specifically the $21 09/21 Calls. Following that report we observed a low of 1.10. By week’s end we observed an increase to 1.40 on Friday.

While we have not seen a power-move from VCLK as yet, with almost a month remaining until the expiration date on these contracts, there’s still plenty of time for that to occur. Especially the stock can continue to fill the gap on the chart (as we’ve pointed out below), the 09/21 $21’s could be pushed significantly deeper into the money by the the third week in September rolls around.

So far it has done a good job of posting higher highs and higher lows, and stairstepping its way toward those 50 and 200DMA’s at 23.38 and 24.00 respectively. We’ll be following along as it continues its recovery.


One World Holdings, Inc. OWOO
OWOO is coming off recent 52-week lows, and the company sent out a PR this morning containing some exciting news. They’ve retained the services of Steve Varner for the 3D sculpting of its planned line of celebrity dolls. Designing of two lines of Teenage Mutant Ninja Turtle action figures for Playmate Toys are among Varner’s notable acheivements.

It’s always interesting to observe the behavior of a stock that is coming off of its annual lows, especially one with untraded-upon news, so OWOO is going to be an area of interest for us as we kick off this new trading week.

HOUSTON, Aug 26, 2013 (GLOBE NEWSWIRE via COMTEX) — The One World Doll Project, subsidiary of One World Holdings, Inc. (OTCBB:OWOO) announced that it has partnered with Steve Varner of Varner Studios for all 3D modeling and sculpture work on its upcoming line of celebrity dolls.”When we first partnered with Steve Varner during the development of The Prettie Girls! Dolls, we immediately understood why his name is associated with so many successful toy products including Star Trek, Lara Croft Tomb Raider, The Teenage Mutant Ninja Turtles, McDonald’s Happy Meals and more,” said Joanne Melton, CEO of One World Holdings. “His work has always been of the highest quality and we are thrilled to once again have him as a part of the One World Team,” she added.

For more information on Steve Varner and Varner Studios log onto www.varnerstudios.com


Extended Watchlist:
IWEB,  AVNR, HEB, CGEN, INO, SUNE

WILD, Options Trading Idea & Extended Watchlist

Wild Craze, Inc.  WILD
WILD touched a new high following our mention of the stock on Friday morning. After opening at .38, the stock traded as high as .435, marking an intraday move of roughly 14.5%, and a jump of 24% from the low following our original mention of the play on Thursday. This was after we caught wind of several groups that were planning a round of promotions.

The company has more untraded-upon news on the wire this morning, so we’ll be monitoring WILD for any added gains today. We’re looking for higher highs and higher lows today in order to confirm our interest in this play.

MYRTLE BEACH, S.C., Aug 19, 2013 (BUSINESS WIRE) — Wild Craze, Inc. (the “Company”) (OTCBB: WILD), an innovative consumer brands company, today announced that the Company has opened a new sales and distribution center in Oakville, Ontario, located outside of Toronto, to expand its existing business in Canada.

The Company currently sells its EcoAquariums in Canada in approximately 15 independent stores and two regional chains and there are immediate plans to introduce in Canada the E-Bird RC and the RC Rattlesnake, a radio controlled bird and snake for all ages to enjoy, before the holiday season.


Options Trading Idea

VCLK recently tanked off of a poor earnings report, gapping down significantly. It has been building support and coming off of those recent lows, and it appears there’s a possibility of the stock filling the gap back to the $24 level. In the event that occurs, the $21 09/21 Calls would be significantly in the money. They last traded 1.35 on Friday.


Extended Watchlist:
SUPN, EFUT, CTIC, ALVR, EVAC,