Month: April 2013

FCGD, MDBX, SCON & Extended Watchlist

First Colombia Gold Corp. FCGD

Despite the fact that it closed down on the day, our momentum alert from yesterday morning still provided us with plenty of opportunity to get in and out with a profit in the early part of the day.

After gapping up very slightly to .0044, the stock managed to ride the momentum as high as .007, allowing for gains of up to 59% in the first half-hour. Apart from possible gains right out of the gate, we can also extract a good lesson from what happened next. We saw what is called a “double-top”, which is when a stock bumps into resistance, pulls back, and makes another run at its high before losing momentum, which leads to a pullback like we saw as the day progressed.

We lost interest when the stock failed to hold support at our called level of .006. It is always a good idea to have a mental stop, falling below which point is an indicator that its time to exit. All things considered, FCGD turned out to be a good call, even if the window of opportunity wasn’t open for as long as we would’ve liked.

Medbox, Inc. MDBX

We’d like to give ourselves a quick pat on the back for this play. We last mentioned MDBX on March 12th, along with some of the other medical marijuana related stocks we’ve been actively tracking this year. After that time, the stock was trading as low as 14.02. It is not often we see a Pinksheet stock trading in such a high PPS range, but MDBX managed to touch 38.40 on Tuesday on record volume, marking a move of 174% in roughly six weeks.

MDBX sent out a PR yesterday, pertaining to Tuesday being a record trading day:
HOLLYWOOD, Calif., April 24, 2013 /PRNewswire/ — Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), a leader in providing industry specific consulting services and patented systems to the medical and retail industries, announced that yesterday (April 23, 2013), was the single largest trading day for their stock in the company’s history with over 66,000 shares traded.

Superconductor Technologies, Inc. SCONSCON appeared on Tuesdays extended watchlist, and followed with a great performance, opening at 3.50, and seeing a low of 3.41, before running as high as 5.45. That marks a possible gain of up to 60%

Extended Watchlist:
WSGF, EXMT, MPG, INFN, FSLR

FCGD | First Columbia Gold Corp. | Momentum Mover

First Colombia Gold Corp. FCGD

As promised, we are releasing a new momentum play this morning, exploration-phase mining corporation, First Columbia Gold which has been on a steady uptrend recently.

As we all know, mining companies in the exploration phase are highly-speculative in nature, but in the case of FCGD we have quite a momentous chart which has recently been building up. But before we dive into that, let’s go over some of the prospects that could eventually lead to production for this precious metal-seeking outfit.

PROJECTS:

Exploration and mining at the Montana “Boulder Hill Project” is possible under what is known as a “Small Miner Exclusion Statement (SMES)”. An SMES allows for the expedited regulatory treatment for mining operations affecting an area of less than 25 square miles. Such a provision allows for smaller companies to conduct their operations without dealing with nearly as much red tape as large groups. The 174-acre plot is under contract until 2016, and only carries maintenance costs of about $800/year due to its smaller size.
The South Idaho Silver Project is a 160-acre plot divided into eight separate claims outside of Nampa, Idaho. It is located on the Snake River Plain amid several mineral districts, and the geology is comprised of Late-Cretaceous Granodiarite, which has been known to host mineral veins of gold, silver, and copper, just to name a few.

The company is also in the process of building a portfolio of short-to-medium term prospects in Central and South America.

FCGD CHART:

Perhaps the most attractive aspect of FCGD is the current chart. As you can see below, we have an RSI approaching the Powerzone, along with the 50DMA getting ready to intersect with, and supercede the 200DMA, in the elusive and highly sought-after formation commonly referred to as a Golden Cross. We’ve also seen a steady increase in both volume and price over the last month or so, leading us to designate FCGD as a clear-cut momentum play.

Moving forward, we’d ideally like to see the stock maintain support at the current 20DMA of .003. Current resistance is sitting .0044, and will need to be broken for FCGD to get its next leg-up. Following that level, the next resistance comes at .006.

For More Info Visit:
http://www.firstcolombiagold.com

Blue Horseshoe Stocks: Brand New Pick Coming Tomorrow

Stay Tuned for Hot New Momentum Play Tomorrow!

We’ve got an intriguing stock that isn’t quite ready to be released today, but we’ve estimated that by tomorrow morning, it will be ripe for the picking. We’ve thus decided to hold off on bringing any fresh symbols to your attention today, in anticipation of tomorrow’s big play.

In the meantime, we thought we’d take a look back at couple of our recent successes:

SCXN | Scout Exploration, Inc:
We’ve been following SCXN since December. On December 18th, a day following our initial alert, it was trading as low as .15. By February 5th, the stock had hit a high of .40, a move of 166% Following that run-up, SCXN dipped back to the .15-range by March 4th.

Yesterday’s news (below) caused a flourish of buying, and once again, the stock surged back to .40, mirroring its earlier performance. Currently .40 remains our key area of resistance, a break past which point is needed in order for us to see some more upside.

ST. JOHN’S, NEWFOUNDLAND–(Marketwired – Apr 22, 2013) – Scout Exploration Inc. (SCXN) has acquired the rights to an airborne, oil spill response system currently under development at IDS Offshore Inc., of St. John’s, Newfoundland.

Growth in offshore drilling between Q1 2011 and Q4 2012 represents an expanding market for the Scout IDS Airborne Spill Response System.

During the 24 months between January 2011 and December 2012 the contracted offshore rig count grew by approximately 100 units, an increase of nearly 20% and now stands at an 85.2% fleet utilization rate.

Have a look at this report we ran across on SCXN

TFER | Titan Iron Ore Corp:
We caught TFER last week as it was coming off of its 52-week low, was as low as .095. When we originally alerted the stock, we were looking for a break of the resistance at .12 (20DMA), also noting that the next resistance would come at the 50DMA of .15. For those of you who missed those original alerts, you can view that report here along with included video chart.

The last three trading sessions, we’ve been bumping our heads against resistance at .145, and maintaining support at .13. It appears as if we are basing for our next leg up. Current resistance, as well as the next patch at .15 must be broken for us to remain interested.

Extended Watchlist:
CVN, CLSN, MEMS, SCON, WPNV, AAPL Options (Possible Puts and Calls, Straddle for Earnings After the Close)