Month: January 2017

Blue Horseshoe Stocks: GIGL Explodes & More

Giggles N’ Hugs, Inc. GIGL

We were exceptionally pleased with the performance of GIGL after including it in Friday’s premarket report, and our timing really couldn’t have been any better. The stock had been trading sideways for months, without so much as a spike, yet it still broke out for a monstrous single-session move.

GIGL traded up from an early low of .0053, smashed through the penny barrier, and hurtled its way to an impressive high of .024. That worked out to an intraday push of 353% and it came on record volume.

For those reasons, we’ll certainly be ready to continue monitoring the activity in this play. We’ll of course allow for the possibility of some course correction, but the odds of seeing either a continued increase, or a dip-and-rip scenario, seem reasonably high at this point.

LIG Assets, Inc. LIGA

We also got a pretty good performance out of LIGA, which was another inclusion from Friday’s report. The move didn’t quite rise to the magnitude of the aforementioned stock, it did attain double-bagger status with a significant gain opportunity.

From a low of .001, we watched as LIGA shot to a high of .0022 inside of the first two hours of trading. That was good for quick gains of up to 120%    Perhaps just as importantly, the stock maintained more than half of its daily advance, so we’ll be keeping an eye peeled in sessions to come.

Merrimack Pharmaceuticals, Inc. MACK

We also want to draw attention to MACK this morning, a stock that we haven’t visited in quite some time. Following the establishment of a new 52-week (and indeed, a three year) low on Friday, a bombshell development hit wires this morning and is really causing a stir.

PPS has increased considerably in premarket trading as the company announced that it has sold a pancreatic cancer drug, among other assets, for a cool billion dollars. (>>View PR)

Whenever a major catalytic event such as this transpires, we always like to monitor the situation on the tail end. Hypothetically, a return to its pricing from around this time last year, from this point, would carry a gain of around 100%

Extended Watchlist:
ACNV, GEVO, DRYS,TLOG, SINO, DCIX,

Blue Horseshoe Stocks: NUGT Options Recap & More

Direxion Daily Gold Miners Bull 3X ETF (NUGT)

NUGT has been on a fairly consistent rise for the past few weeks along with gold itself, and we were able to use the continuation of that trend to our extreme advantage yesterday.

We dropped a quick options idea for the NUGT Weekly $9-9.50 Calls into our watchlist, stipulating that we’d need to see a break of the 50DMA. We got what we were looking for, and the potential gains that followed were substantial.

$9 Calls – Range: .56-1.53 – Max Gain: 173%
$9.50 Calls – Range: .30-1.07 – Max Gain: 257%

Chat reminder: Also, we noticed the magnitude of the activity was going to allow for gains to made at higher increments, so we also suggested rolling up to the $10 Calls shortly after the open. Those ended up running 172% from from .25-.68.

We were just mentioning the benefits of our daily traders chats the other day, and here we have a fine example of why reading our premarket reports can be greatly augmented by participating in our in-session chats as well. Again, just send a Skype contact request to ‘stocksumo’ if you wish to join us!  Any of our readers are welcome!

TransEnterix Inc. TRXC – Insider Buying

We noticed a filing for a huge $5.2M insider position increase on TRXC at a price of 1.40, which coincides closely with recent relative lows, and isn’t too far above the stock’s annual low. We’ll be very interested to follow along with this stock after such a vote of confidence from an existing investor.  (>>View Filings)

Added Note: Speaking of insider trading plays, we also wanted to add a quick reminder on the one we submitted yesterday in STON. The stock made modest headway in continuing its established uptrend with a light 8% increase on the day, and will continue to be on our radars moving forward.

Immune Pharmaceuticals, Inc. IMNP

Additionally, we have a reminder to put out on IMNP, which we put on bottom-watch in our report dated December 27th. It took roughly a week of sideways trading for the stock to begin to perk its head up, but yesterday it began to gain some ground so we just wanted to remind readers that we still have this one on our viewscreens.

Extended Watchlist:
AMFE, GIGL, LIGA, GSAT, URRE, BPMX

Blue Horseshoe Stocks: MYHI Run Continues, Options & More

Mountain High Acquisitions Corp. MYHI

Yesterday morning’s first mention was MYHI, which we had tracked the day prior over an impressive 94% span ranging from a low of .09 to .1745 on the first trading day of the new year.

We said we’d stay on MYHI’s trail after that momentous push, and the stock responded well with another bullish session yesterday wherein it achieved a new high of .239, and closed with strength yet again. From Tuesday;’s low of .09, yesterday’s high represents a two-session upswing of 166%

We’ll reiterate yesterday morning’s sentiment in saying that we’ll continue to monitor MYHI for further recording of higher highs and higher lows, and at some point, we expect a consolidation that should lead to a dip-and-rip pattern on the chart.

Connexus Corp. CNXS

Also appearing in yesterday’s premarket report was CNXS, which went on to have quite a solid session itself, particularly in the early goings.

The stock traded in a range from .001 to .0028 inside of the first 90 minutes of trading, which comes out to an intraday rip of 180% It managed to close just above both its current 50 and 200DMA’s so we’ll definitely want to keep a space on our watch screens reserved for CNXS in sessions ahead.

Abercrombie & Fitch Co. ANF – Options Update

ANF did our bidding to a tee yesterday. While we did signal a range of extended-term options contracts, we made it a point to mention that the gain opportunities could be there right from the start. We turned out to be spot-on in that regard.

We highlighted the ANF 02/17 $12-15 Calls, which all provided chances to profit right from the word go. That being said, with loads of time before expiration, we’ll be very interested to see how a continued uptrend for ANF and the magnitude of the added gains that would facilitate.

$12 Calls – Range: 1.10-1.40 – Max Gain: 27%
$13 Calls – Range: .60-.79 – Max Gain: 32%
$14 Calls – Range: .32-.44 – Max Gain: 38%
$15 Calls – Range: .12-.20 – Max Gain: 67%

StoneMor Partners L.P.  STON

We’ve spotted a bottom-bouncer in STON this morning that appears to have loads of upside potential. We’ve included a chart below, and pointed out the various aspects that have us interested in tracking the stock’s activity in sessions ahead. On top of that, we’re also taking into consideration the Form-4’s for a string of big insider buys that were made in the past week.

Should it prove able to break through resistance around the present 50DMA in the low 10.50’s, things could get more than a little interesting.

Extended Watchlist:
SFOR, EXAD, GYOG, LEXG,
NUGT($9-9.50 Calls, if it can break 50DMA)