Month: May 2016

Blue Horseshoe Stocks: PLCE Options Recap & More

The Children’s Place, Inc. PLCE – Options Review

The first thing we want to mention this morning is the performance our running options idea for PLCE that we formulated earlier in the week. We continued to stay on the trail of PLCE Weekly $70-75 Calls in yesterday’s premarket report, even after they had provided us with chances at gains ranging from 112-315% in the prior session.

Despite the $75’s being a bit too far out of the money for any notable action, the other two contracts from within our target sets performed solidly once again.

The $70 Calls traded in a daily range from 2.85-3.70, which marked an intraday rise of 30% The $72.50’s fared even better, running from a low of .65 to a high of 1.30, marking an even 100% rip and the second consecutive session wherein the stock provided the opportunity at at least a double-bagger.

Immunomedics, Inc. IMMU

We tagged IMMU for observation on Friday of last week, and since that time the stock has made an appreciable swing to the upside. Our observed low on the stock is 3.59, which gave way to a new high of 4.25 yesterday. That represents a modest yet notable 18% increase.

We’ll want to continue to monitor the activity in this play which will hold our interest moving forward, provided it can maintain support at or above its previous resistance point of 4.00 on any pullbacks.

MORRIS PLAINS, N.J., May 19, 2016 (GLOBE NEWSWIRE) — Immunomedics, Inc. (Nasdaq:IMMU) today announced that the Scientific Program Committee of the American Society of Clinical Oncology (ASCO) has selected two of the Company’s abstracts for oral presentation at two Clinical Science Symposium Sessions during their 2016 Annual Meeting, scheduled for June 3-7, 2016 at McCormick Place Convention Center in Chicago, Illinois. (>>View PR)

Global Equity International, Inc. GEQU

GEQU has proven to be a solid winner for us in the past. We recently re-tagged it at a perfect time on 11th of this month, just as it was coming off a bottom. We saw the stock  trading as low as .0123 yesterday it closed at a new high of .03, which goes down as a 144% swing.

We’ll keep our eyes on this one as well, in the event it can maintain support above the 200DMA of .0235.

Extended Watchlist:
UAMM, ASTI, NWMH, TTCM, FDIT

Blue Horseshoe Stocks: KGNX Review, Options & More

KollagenX Corp. KGNX

After initially mentioning KGNX in Tuesday morning’s premarket report and observing a big intraday swing from this subpenny momentum mover (.00189-.0037, +96%), we mentioned yesterday morning that we wanted to continue to monitor its activity.

It ended up being a smart idea, as we bore witness to yet another solid upswing. After touching a low of .0025 right out of the starting gate, it didn’t take very long for KGNX to begin a run that lasted for the better part of the entire day. The stock ran hard into the close, touching a new high of .0044. It marked an intraday rip of 76%, and an increase of 133% over our observed low on Tuesday.

Once again recording higher lows and higher highs along with stronger than average volume, we’ll need to leave a slot on our radars open for KGNX as we head into week’s end.
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More Updates:

Speaking of subpenny momentum plays, we want to keeping watching the activity in On4 Communications, Inc. ONCI.which we also put on watch in Tuesday’s premarket report. We saw the stock trade as low as .0021 that day and it hit .004 yesterday, a move of 90%

With the stock building a continuously higher base of support in each of the past four sessions and running to new highs, it is currently in blue-sky breakout territory. We continue to stay on its trail.

The Children’s Place, Inc. PLCE – Options Recap

We also want to provide an update this morning on the performance of one of our options ideas from this week. On Tuesday we tagged the PLCE Weekly $70-75 Calls for observation, and yesterday they really heated up for us with some serious intraday rips from all three sets of contracts.

$70 Calls – Trading Range: 1.70-3.60 – Max Gain: 112%
$72.50 Calls – Trading Range: .55-1.80 – Max Gain: 227%
$75 Calls– Trading Range: .13-.54 – Max Gain: 315%

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Fresh Options Idea: Advance Auto Parts, Inc. AAP Weekly $140 and $135 Puts (Earnings Miss)

Extended Watchlist:
SIGO, BOOT, CPXX, GLUU, BBEP(Bankrupt Bottom-Bouncer)

Blue Horseshoe Stocks: KGNX, HERO Recaps & More

KollagenX Corp. KGNX

We tagged KGNX in yesterday morning’s premarket report, and were met with a fantastic intraday gain opportunity from this subpenny runner that has brought us good chances to gain in the past. (We’d initially tagged it coming off of its 52-week lows in March)

Yesterday we observed a low of .00189 in the stock before it took off, running hard and reaching a high of .0037 shortly before 1PM. That marked an upswing of 96% on close to nine times the monthly average trading volume, and KGNX closed with enough strength (.003) to qualify it for further observation as a possible momentum play.

Hercules Offshore, Inc. HERO

Speaking of momentum, that was what led us to feature HERO in yesterday’s report. The stock had already strung together three consecutive sessions of building higher lows, and it continued that trend for us with a solid performance on the day.

HERO traded in a range from 1.52-1.99, a respectable rise of 31% and it did so on a little over three times the 3-month average volume. This morning we’re seeing a slight gap-up in HERO to a premarket high of 2.15, which extends our observed range to an overnight gain of 42% We’ll keep tracking this one for a potential continuation of momentum as well.

Fresh Options Idea 

Target Corp. TGT – Target is tumbling in the premarket this morning on disappointing sales and Q2 guidance, leading us to submit a bearish idea for the stock’s options chain. We’re going to put TGT Weekly $69-65 Puts on our short-term radars today. We’ll remain interested in these contracts

Extended Watchlist:
GTHP, TRKK, APA, ORMP, FCAU, FAC(Bottom watch)
CBYL(Gap to fill up to 2.25)