PZOO continued its established pattern of offering up sizable intraday swings, and went on to set a new high during yesterday’s session. It did hold support at a penny as we hoped it would, and traded up as high as .0125, for a 25% intraday move.
Our observed low on this play came a couple of weeks ago at .0049. Yesterday’s new high brought our total observed range on PZOO to 155%
The company also alerted us yesterday via a midday PR that its medical marijuana testing partner would be joining the newly-formed Nevada Cannabis Laboratory Association (NVCLA), which is the first such coalition to be formed in the state.
Voltari Corp. VLTC
VLTC’s epic run over the past three weeks, which we were just commenting on in yesterday’s pre-market report, received another boost with a noteworthy
performance that led to new annual highs once again.
The daily range on VLTC was 11.11 to 19.20, for a big intraday move of 73% Measured from the low of 2.14 we observed just three weeks ago to the day, that’s an enormous 797% swing. We’d call it incredible, but gains approaching (and often exceeding) the 1000% neighborhood are fairly commonplace for us, as anyone who has followed our reports for awhile can attest.
Our position with regard to how we’ll be approaching VLTC in coming sessions remains the same: Take advantage of any further increases with quick-trigger intraday trades, while keeping a sharp lookout for a sustained pullback.
Carl Icahn’s name and reputation have essentially been leading the way as the stock pushed to that impressive new 52-week high. When immaterial excitement propels a stock so high, so fast, we can be sure that a sell-off is somewhere on the horizon. Signs of that potential outcome were visible toward the end of the session as VLTC settled back to the $16-range at the close.
We’ll watch today for the possibility of a dip-and-rip scenario as VLTC is gapping up in early trading. Any consolidation is sure to lead to a potential bounce-play at some point, and as always, we’ll be ready to take advantage of those swings when they occur.
OSL Holdings, Inc. OSLH
Speaking of potential bounce-plays (and thousand-percent gainers, for that matter), we want to quickly jump back to OSLH, stock we currently have on bottom-watch. If you’ve been following along with our reports this month, you were with us as it exploded on a 1294% rip from .0021 (04/02) to .0274 (04/15).
OSLH has been peeling back off of those impressive highs over the past couple of sessions, and we’re going to want to keep a close eye for when it establishes a solid level of support, preferably at or above the penny mark. Opportunities should be available for quick gains on the subsequent rebound.
- Earth Day: OSL Holdings Announces the Launch of a Grow Light LED Retail Program With Independence LED (Wed 8:30AM EDT)
Yahoo, Inc. YHOO – Options Ideas
Despite YHOO falling short on earnings in its report out after yesterday’s close, we will be looking for any potential dip-and-rip scenarios, provided it can hold support at the 50DMA of 44.12 on any pullbacks.
We will be watching the $44-45 Calls and Puts, choosing when it becomes apparent which way the trend will carry. We can then jump in the money with our strike price and could be looking at significant gain opportunities.
If YHOO doesn’t hold that 50DMA as support then we would look for a protracted pullback and some added downside pressure, and go to the Put-side. If it can dip-and-rip, the Calls will see the action.
Extended Watchlist:
PKT, GBSN, ONVO, ANGI, CTIC, VGGL