Month: February 2013

CNCT, MCET, & Extended Watchlist

Options Trading
We just wanted to give ourselves a pat on the back for Friday’s mention of the SPY 151.00 Calls. After observing a pre-market gap-up, we saw a consolidation in the first few hours of trading, which provided an entry opportunity in the .20-range. In the afternoon, the markets surged, bringing in heavy buy-side volume during power hour, sending the SPY to new daily highs into the close. The 151.00 Calls then closed at their high of day at .82. Possible gains of 300-400% were ripe for the taking, so we couldn’t resist pointing out another job well done on our part.

We will continue to monitor the SPY this week. With the momentum experienced into Fridays close, we’re looking for another possible gap-up this morning followed by a pullback and possible bounce.

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China Teletech Holding, Inc. CNCT

Speaking of good calls, CNCT was caught on our pre-market volume scanner on Wednesday, and included in our extended watchlist as a result. It opened at a penny, only to rocket as high as the .47-range, before pulling way back to close at .081. On Thursday it went from .097-.194. Then again on Friday it ran it went from .17-.29, closing at .284.

This stock turned out to be one of the top performers on the OTC Markets last week, and a shining example of why we always stress the importance of monitoring all of our interests, even those that just appear in the extended watchlist. The EW, as we call it around the office, has yielded so many big gainers in the past, we can’t even begin to count them all.

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MultiCell Technologies, Inc. MCET

MCET is another Extended Watchlist star that we caught for the first time publicly on Friday, though we have silently had it on our radar for weeks. We were waiting for just the right time to mention it, and Friday’s timing could not have been any better. The stock opened at .0035, dipped to a low of .0034, and closed out the session at its high of day (.0056), a gain of 70% on the day.

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Marijuana Stocks also continue to remain at the tops of of our watchlists. Particularly: MWIP, MJNA, HEMP, GRNH, PHOT, ERBB___

Extended Watchlist:
SNDY, ZNGA, JAG, NOK, PMCM (Big Promotion)

SFAZ, Options Trading & Extended Watchlist

Options Trading
We dabble in options trading from time to time, and want to remind our readers that this is not for the faint of heart. These ideas are meant for day-trading opportunities, and we can’t stress enough that it should be considered very high risk. That being said, we’d still like to share our current thoughts on the subject.

It appears as if the markets want to open up with an uptrend today. We’ve seen the biggest losses of the year for the past two days running. While uncertain as to whether that pullback to continue, at least from where we stand now, it appears that the markets want to rebound. In the event of an overall uptrend today, we are going to be focusing specifically on the weekly SPY Calls, and VXX Puts.

On the flip-side, if we continue to see more of this recent sell-off, we will obviously be reversing our strategy to focus mainly on the SPY Puts, and VXX Calls, as the two indices tend to move inversely to one another. At any rate, we want to stay close to the money, and have our strike price be pushed in the money. For example, the SPY is currently trading at 151.32 pre-market, so we are currently looking at the 151.00 Weekly SPY Calls.
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Safe Technologies International, Inc. SFAZ

We first alerted SFAZ via our extended watchlist on January 4th. On that day, we saw the stock run from .008 up .014, for a one day pop of 75%

After mostly trading sideways since that initial run, the stock has now found a solid level of support at .002. Chart conditions are beginning to come across as favorable once again, as we’ve pointed out below.

Accumulation & Distribution have been on a steady rise, even as the stock has been feeling out a bottom. The RSI continues to hold above the 50MA overlay and looks like it’s beginning to push the 50-line. We appear to be at a pivot point with regard to resistance, the 50 and 20DMA’s at .0026, and .0028, respectively. Meanwhile, the blue bars on the MACD histogram are about to flip up topside as we are about to see a bullish cross, and the Slow STO recently passed above the 50MA overlay.


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Extended Watchlist:
MCET, PDGO, BRCI, SNDY, JOEZ, MRVL 

XCHC, BMSN, ENTB & Extended Watchlist

Those of you who’ve been reading our newsletter for long enough, remember that we were one of the very first to start tracking the medical marijuana sector as a whole. Many of the plays contained in our first widespread account of marijuana stocks on October 16th even appeared prior to that report. Since that time, we’ve had several follow-up reports, covering close to a dozen different hemp stocks.

The X-Change Corporation XCHC

A few weeks ago we added XCHC to that group, and it seems we did so at just the right time. The week we brought it into the mix, the stock was trading as low as .0521, and has since hit a high .195, representing a profit of 274% in just three weeks. Though you might see others covering the stock presently, as regular monitors of the stock newsletter circuit, we were most assuredly the first to show up to the party.

Some of the other stocks in the cannabis arena have been seeing pullbacks of late, so we continue to monitor those for any upcoming bounce opportunities that we will certainly pass along, as always..
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Bio-Matrix Scientific Group, Inc. BMSN
& Entest Biomedical, Inc. ENTB

After seeing recent runs from these two biotech stocks, both saw pullbacks, and subsequent rebounds to add to our recent win streak.

ENTB found support off of .0047 after running from .001-.0106

BMSN ran from .0003 to .0165, before pulling back to find support at .0071.

We’ll need to see both of those mentioned support levels hold moving forward, in order to continue to hold our interest. Consolidation periods can be good after multi-day runs like we’ve seen here. It is often caused by profit-takers exiting stage-left, and gives us a chance to see some new blood churn into the stocks, and laying the groundwork to give rise to the next upswing.
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Extended Watchlist:
DVOX, OPXA, RPRX,