Blue Horseshoe Stocks: Cannabis Updates, Options & More

Cannabics Pharmaceuticals, Inc. CNBX

We began talking about CNBX earlier this month, mentioning it on the 5th and 6th, as part of our ongoing effort to remind our readers of the myriad opportunities there are, and will continue to be, in the cannabis space. We’re now less than two weeks away from an election that should dramatically alter the landscape of the marijuana business.

CNBX is among a number of pot-related plays that we’ve had on our running tracklist, and with the help of a really strong month overall, it has come all the way from our observed low of .06 on the day of our initial mention (10/05) to a new high yesterday of .377. That works out to an increase of 528% inside of three weeks.

It wasn’t the first time we’ve seen such a huge move out of a cannabis stock, and it certainly won’t be the last.


MyDx, Inc. MYDX

Speaking of the cannabis sector, MYDX is another constituent of that space that we’ve been tracking this month only to witness some excellent moves to the upside.

We entered MYDX into the mix on the 10th, and subsequently observed a low of .0225. Since then it’s been a fairly steady ramp-up and yesterday the stock achieved a new high of .0525. It represents a total PPS rise of 133%, which, like the above-mentioned play, occurred in a span of less than three weeks.


Fresh Options Ideas

We’re going to close things out for the week with the following options ideas.

AMZN Weekly $780-772.50 Puts*

RCL Weekly $67.50-72.50 Calls*

*Don’t forget what we always say regarding the trading of weekly options on a Friday. Advanced traders ONLY!


Extended Watchlist:
CGRA, LQMT, ALKM, QEDN, TTCM, VOIS

P.M. Updates | Happy Birthday BHS!


IceWEB, Inc. IWEB

IWEB indeed brought us those added gains we were talking about in our pre-market alert. After gapping up to open at .0341 the stock rumbled to as much as .042 in the first half hour of trading. For anyone keeping track (and we certainly are!) that marks an intraday gain opportunity of 23%

Counting from the price at the time of Monday’s IWEB alert (.027), today’s high represents a jump of 56%, and from our original alert at .023, an 83% increase. That first alert occurred on July 9th, and since that time IWEB has achieved cumulative gains totaling well over 200%

If we can continue to see the stock make higher lows, and find a level of support at .03 or better following this latest spike, we will be optimistic about our chance to see even more gains from IWEB in the future. So far the volatility of the stock has afforded savvy traders several chances to profit rapidly in a relatively short time frame, although we still have interest in IWEB in terms of the medium-to-long term as well.

The good folks over at BARCHART.COM seem to agree with us, as IWEB is currently receiving an Overall “Buy” Rating of 72%, and a Medium-Term rating of 100%


Opexa Therapeutics, Inc. OPXA

OPXA was included in this morning’s extended watchlist after it was revealed by our routine daily scan to be coming off of its 52-week lows. It looked ready to blow its lid, and we’re happy to have mentioned it, because that’s just what happened. After touching a low of 1.9982, the stock rocketed to a high of 3.70, marking an intraday gain opportunity of 85%

At the time of this publication, OPXA had already traded its highest volume in four years, to the tune of more than 14M shares. Congrats to anyone who was able to take advantage of this wave of liquidity.


VOIS, Inc. VOIS

This was another good pick from this morning’s extended watchlist. The stock enjoyed a 100% rip from .001-.002 on over 10X its 3mo. average volume.


HAPPY BIRTHDAY TO US!

Let us also take this chance to announce that today is the second anniversary of the formation of our highly successful blog, Blue Horseshoe Stocks. Our decision to publish our decade-old newsletter to a daily blog for maximum visibility and accountability turned out to be one of the best ideas in the history of our business. It has brought us closer to you, the investment community and we look forward to many more years filled with the kind of success we’ve seen already, as well as taking it to all new levels!

P.S. If you have yet to subscribe, do so now and have all our pre-market picks sent right to your inbox! We’ll never share your info.

MINE, VOIS, REDG & Extended Watchlist

The following pair of stocks came off of our extended watchlist yesterday morning to provide us with the chance at some quick intraday gains.

Minerco Resources, Inc. MINE

MINE made a quick 33% move Wednesday morning, touching a low of .003 before upticking to .004. The stock closed back at .0029, so we are going to be observing MINE for similar intraday bounces today. Having traded roughly 5X the average volume, this is a stock that is getting a lot of trader attention.

The company had news out yesterday as well.

NASHUA, N.H., Feb. 27, 2013 /PRNewswire via COMTEX/ — Minerco Resources, Inc. (OTCQB: MINE), a progressive developer, producer and provider of worldwide commodities solutions, announced today that the company’s subsidiary, Level 5 Beverage Company, Inc., has entered into a Premium Product Development Agreement with Power Brands.Level 5’s Premium Product Development with Power Brands includes the 1) formulation and development of four (4) beverage products (four varieties); 2) the Creative Brief; 3) Executive Consultation; 4) label design; 5) lay-flat artwork; 6) packaging and material sourcing; 7) contract manufacturers; and 8.) the product business plan.
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VOIS, Inc.

Another stock coming off of yesterday’s extended watchlist, VOIS opened at .0077, and saw a low of .0066 before running to .0123, gaining 60% in the first 30 minutes of trading. It ended up dipping back to .0075, and made another 32% pop, touching .0099 before settling in to close at .0095. VOIS is currently even more hotly-traded than the previously mentioned stock, with 21M shares changing hands yesterday, more than 10X the normal amount.

The activity comes on the heels of an LOI PR released yesterday morning by VOIS.

SAN DIEGO, Feb. 27, 2013 /PRNewswire via COMTEX/ — VOIS, INC. (OTCQB: VOIS) announces that it has entered into a Letter of Intent with Mind Technologies, Inc. (MTEK) to purchase 100% of the assets of MTEK. The Company has agreed to the acquisition in order to secure ownership of all BCI/ thought-controlled technology developed and being developed by the Company.In exchange for the assets of MTEK, the Company will issue to MTEK shares of its common stock. The number of shares issued to MTEK will be based on an independent valuation to determine the fair market value of the assets purchased. The Company expects to close the transaction no later than March 15, 2013, which is subject to the execution of a definitive purchase agreement by the parties.

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Red Giant Entertainment Inc. REDG

REDG is going to be a potential bounceplay for today. The stock gapped down from .20 to .18 yesterday, and took a beating for most of the day to a low of .065. At around 2PM, a significant amount of volume began flowing into the stock, and facilitated a bounce back to .11 before closing at .10.

In all the stock traded over 4.6M shares yesterday, with roughly 1.4M of that coming in at the close, and with that kind of momentum, we are very interested to observe the activity on REDG today.

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Extended Watchlist:
MDIN, MNOV, GNIN, SPEX, PLUG, DSS,