Month: April 2017

Blue Horseshoe Stocks: IMNG Goes Parabolic & More

Innovativ Media Group, Inc. INMG

Our regular readers may be tiring of so many mentions of INMG in such a short span, but the stock continues to soar to new heights on practically a daily basis, and yesterday, the intensity of the bullish pattern increased to impressive levels.

As we were just saying in yesterday morning’s report, we had already seen no fewer than three separate multi-bag rips from INMG in the past week. We also noted Tuesday’s strong close on heavy volume, and that we’d continue to stay on its heels. It’s a good thing we did, as INMG traded in a daily range from .012 to a new high of .0285, for an intraday pop of 138%

From last Thursday, over a span of just four sessions, we’ve now witnessed a total increase of 470% over our observed low of .005. Of course, participants in our daily chats* could have caught our original alert the previous day when the stock traded as low as .0019, from which yesterday’s high represents a five session swing of 1400%

Once again, the stock maintained more than half of its daily increase into the close on more than five times the monthly average volume, so we’ll need to continue to keep our heads on a swivel with INMG. At some point, the stock will peel back off of these impressive highs and that’s when we’ll be looking for what could be a serious dip-and-rip pattern.

*We encourage all of our readers to join in on our daily in-session live chats. To participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.

SkyPeople Fruit Juice, Inc. SPU

We alerted on SPU in Monday’s premarket report after noticing the stock was searching for a bottom, with a monstrous gap to fill on the chart to the upside.

Tuesday’s session brought an end that search for a reversal, with SPU bottoming out at 2.30 before reaching 3.3299 yesterday. That’s an upswing of 45% and we will certainly want to continue to monitor SPU, which still has a mammoth gap to fill on the chart.

04/20 Holiday Reminder: We always have our eyes on the cannabis sector, but will intensify our focus today especially, given that it is the marijuana counter-culture’s main day of celebration for the year! Many companies in this arena use it as a promotional tool, and activity in the recreational space usually reaches a frenzy during this period, so be vigilant, and Happy 4/20 to all!

Extended Watchlist:
COTE, CSX, IMNP, ENDP, PLG, AMH, GEVO, MVIS

Blue Horseshoe Stocks: INMG New Highs & More

Global Payout, Inc. GOHE – News Update

We want to relay an excerpt from a fresh PR that hit the wires from GOHE this morning. The last update we provided was concerning the issuance of a licensing agreement of the company’s wholly -owned subsidiary, MoneyTrac Technology (>>View PR), and this morning’s press goes into deeper detail on MoneyTrac’s adoption of a new finance platform to service, among others, the cannabis industry.

GOHE’s foray into the cannabis sector is still in its beginning stages, but that’s one of the the aspects of this play that makes it attractive to us. With properly and aggressively executed plans, like the ones we’ve seen thus far, the company can make a name for itself in this still highly impressionable market space.

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TODAY’S NEWS:

SAN DIEGO, CA–(Marketwired – Apr 19, 2017) – Global Payout, Inc. (OTC PINK: GOHE) (the “Company”) is pleased to announce that its wholly owned subsidiary, MoneyTrac Technology, Inc. (“MTT”) has selected the Virtu Network Solutions (“VNS”) brand to provide MTT with the financial technology platform MTT will utilize to service their clients in the alternative banking sector.

VNS offers a banking and payment platform uniquely tailored for companies and businesses in industries often viewed as “high-risk,” such as those in the cannabis industry, which is at the core of the MTT’s target market, and offers a state-of-the-art web-based platform for electronic payment processing, banking integration and e-wallet capabilities. In addition to these features, the VNS banking and payment platform also provides users with a “virtual currency type network” system that features stringent compliance and regulatory processes that the Company believes is an ideal solution for numerous cannabis-related businesses across the U.S. that are currently in need of payment processing solutions outside of those offered by traditional banks. (>> View Full PR)

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For more info on GOHE visit www.globalpayout.com

Innovativ Media Group, Inc. INMG

On Monday, after already tracking INMG over a series of multi-bag moves, we mentioned that the stock had built up quite a bit of momentum to close out the short week, and that we were interested to see how that carried over into this week.

It took an extra session for the next big move to begin, and it lasted for the duration of yesterday’s trading, as the stock shot up from a morning low of .006 and reached .014 for a fantastic intraday move of 133% It marked the third separate multi-bag upswing for INMG inside of the last week!

Once again the stock closed near to the high of day (.0136) on excessive volume, so we’ll continue to follow the INMG story as we head through midweek.

Morgan Stanley MS – Options Ideas

Morgan Stanley eviscerated earnings estimates with their premarket release, posting strong Q1 profits and as a result the stock is gapping up in the premarket after recently coming up off of a swing low just above $40.

We’re going to sit on the fence with two sets of options ideas in the hopper, that we’ll be able to make a decision on once regular trading commences. If MS hold support at or above the 41.00-level on any pullback, we’ll look to the MS Weekly $41-42 Calls. If the stock fails to break 43.50 on a possible run-up, we’ll shift gears and look to the MS Weekly $43.50 and $43 Puts.

Blue Horseshoe Stocks: BVTK Pops Again & More

Bravatek Solutions, Inc. BVTK

BVTK was among our mentions in Wednesday’s premarket report after it was unearthed in our chatroom* the previous morning before making a 500% move.  Those who missed that run got another chance right away as the stock ran from .0009-.0035 that afternoon, and topped out at .0041 to close out the short week on Friday. That added another two-day swing of 355% to the activity we had observed in BVTK, which was followed by a pullback to .0015.

Once again, to kick off the new trading week yesterday, BVTK began to run, returning to a high of .0034 on the day, representing yet another two-day upswing out of this volatile runner amounting to 127%  The stock ended the session having traded roughly three-and-a-half times its monthly average volume. Things could get very interesting if it can manage to crack resistance at the previous swing high of .0041.

The company filed an 8-K this morning as well , pertaining to an agreement with i3 Integrative Creative Solutions, pursuant to which i3 Integrative will promote and solicit commitments in the United States federal government military and civilian markets regarding the Company’s cybersecurity email software and telecom services. (>>View Filing)

*We encourage all of our readers to join in on our daily in-session live chats. To participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.


Bank of America Corp BAC – Options Ideas 

Whenever we spot an opportunity to swoop in post-earnings with some options ideas, we jump on it right away, and that’s what we have with BAC this morning.

We haven’t highlighted this stock in quite awhile,but with a very solid beat on earnings and a small gap-up in the premarket, we’re going to want to signal a couple of short term contracts for observation in the BAC Weekly $22.50 and $23 Calls.

In the event that a more sustained rebound is in the cards, considering the fact that BAC was already coming off of a relative bottom just yesterday, we’ll have the BAC 05/12 $23.50 & $24 Calls on watch as well.


Bottom-Watchlist

We want to put an observational tag on both Sorrento Therapeutics, Inc. SRNE and OncoMed Pharmaceuticals, Inc. OMED.  Both of these stocks have taken serious beatings of late, and consequently, are in extreme oversold territory. Chances for recovery plays here seem quite high, so we’re going to watch for these to establish higher lows in sessions ahead.

Extended Watchlist:
JAMN, MYDX, CAB, SSYS, BIOC, NFLX