Blue Horseshoe Stocks

Blue Horseshoe Stocks: PNTV, XBIT Recaps & More

The Players Network, Inc. PNTV

PNTV is a stock that we were talking about quite a bit late last year and in the beginning of 2017, and since then, the stock has made some really impressive moves.

In the span of one quarter, from March until June, the stock has risen from lows at .0232 to trade as high as .1315. That’s an incredible upswing of 466%

While many plays in the cannabis space have seen some unexpected difficulty this year, PNTV is not one of them. They recently announced progression on the joint venture they have going with MCIG on the construction of a Vegas-based grow facility.

Xbiotech, Inc. XBIT

We tagged XBIT in yesterday’s extended watchlist, and subsequently bore witness to a solid early-morning pop. The stock ran from 3.75 to 5.61 right from the starting the gate, banging out a solid 51% pop inside of the first hour of trading.

We also have to remember that in XBIT, we have a stock that was trading just a hair shy of $20 as recently as March. We’ll have to be on the lookout in the event that the recent rebound mounted by the stock is just a foreshadowing of an even larger recovery.

Ability, Inc. ABIL

We’ve been mentioning ABIL each day since last Wednesday, and it turned out to be a really nice bottom-bouncer.

We’ve thus far witnessed two definitive swings from ABIL; initially from.6298-1.69 for a 168% run, and then a dip to .90 followed by a run back to 1.60 in premarket trading today. That added another 78% swing to what we’ve observed in ABIL.

We’d like to see it set a higher low, holding the 1.15-1.25 range on any pullbacks in order to remain interested.

Extended Watchlist:
RTTR, NURO, MNGA, PULM BABA, FB, AMZN, NFLX

Blue Horseshoe Stocks: DCTH Review & More

Delcath Systems, Inc. DCTH

We flagged DCTH in Friday’s premarket reportas a prime bottom-bounce candidate that could be in line for a serious rebound, and even despite the markets as a whole taking a gut punch, it ended up being a great single-session play, and the NASDAQ’s top gainer.

From an early low of .0501 the stock surged as high as .0845, which works out to an intraday rise of 69% and it occurred on more than ten times the 30-day average volume, with DCTH logging its second-highest daily volume of all time.

We’d say our timing was extremely fortuitous on this rebound play, and with the kind price action and liquidity that we witnessed Friday, we’ll definitely be interested to see how the action unfolds to kick off this new trading week.

TrovaGene, Inc. TROV

We wanted to make mention of TROV this morning after noticing a cherry of a PR buzzing over the newswires. The company announced an agreement to provide tests and services for pharma giant AstraZeneca.

Whenever we see one of these smaller pharma company’s have joint news with a big player in the sector, we always want to pay attention to the stock. A perfect example of this is Pieris Pharmaceuticals, Inc. PIRS, which we signaled back on May 4th when that company also had news tying it to none other than AstraZeneca. What followed was a 55% run lasting nearly a month that took it from 3.26 the following day to a high of 5.06 last Monday, the 31st.

On the chance that TROV experiences a similar bullish push on the heels of its own AstraZeneca announcement, we’re going to be sure to have this one on watch in coming sessions.

Ascena Retail Group, Inc. ASNA

We’re also taking notice of a nice technical setup on ASNA, which owns the Lane Bryant retail brand among others, and was another of the NASDAQ’s top gainers of the day on Friday.

The activity came in the wake of a rather disappointing earnings release in terms of financials, but investors clearly responded well to the company outlook moving forward.

As you can see on the included snapshot, the stock picked up speed in its recent ascent off of a bottom, and began to fill a gap on the chart to the upside. We also have a number of other indicators pointing to a possible continued uptrend, so we’ll afford this stock a slot on our watchlist.

Extended Watchlist:
XBIT, DXTR, RWLK, ABIL, ADHD, ENRJ

Blue Horseshoe Stocks: BABA, ABIL Recaps & More

Options Recap

Alibaba Group Holding Ltd. BABA– There was quite a to-do yesterday morning after BABA went rocketing up in the premarket on raised revenue guidance, and we jumped at the chance to signal some options ideas to correspond with the activity.

In our premarket report we highlighted the BABA Weekly $140-145 Calls with the explicit warning that “Whenever a stock has gapped up this hard, we must be on the lookout for an early pullback into a dip-and-rip pattern” and we really couldn’t have been more spot-on with how we approached this play if we had a working crystal ball.

We don’t have that, but we do have loads of experience identifying winning options plays, and not only did the stock behave exactly as we said it would, selling off before exploding to new highs, but every single contract we highlighted went bananas as a result. Regardless of which of our four highlighted contracts was chosen as the strike price, gains ranging from the 1100% to the 3100% range. Not bad for a day’s work!

$140 Calls – Range: .34-4.40 – Max Gain: 1167%
$141 Calls – Range: .25-3.65 – Max Gain: 1360%
$142 Calls – Range: .16-2.87 – Max Gain: 1694%
$143 Calls – Range: .12-2.41 – Max Gain: 1908%
$145 Calls – Range: .05-1.63 – Max Gain: 3160%

We’re going to look for similar chart activity today to lead to further gains in these plays, but as we always do when discussing weekly options on a Friday, we feel obligated to warn our readers that trading such contracts is for EXPERT traders only!
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Yahoo! YHOO – We were also looking at some YHOO contracts yesterday, although they didn’t have much open interest with the exception of the Weekly $55 Calls. Those ran from .10 to 1.01 for a 910% rip on the day.

Ability, Inc. ABIL

On Wednesday morning we flagged ABIL as a possible bottom-play and the subsequent activity over the ensuing two sessions has been excellent.

The first day it ran from .6298-.91, for a solid 44% rise, and yesterday, it one-upped its performancde with an intraday run from .80 to a new high of 1.69. It was good for a daily pop of 111% and a total two-session upswing over our observed low amounting to 168%

Delcath Systems, Inc. DCTH

We also want to mention DCTH this morning, a stock that had been in a continual downtrend for months on end. It just began to show life yesterday and is gapping up in premarket trading this morning, so we’ll just want to keep an eye peeled.

As we said, this stock has been ridiculously oversold for a long while, so the resulting snapback could turn out to be pretty impressive. .

Extended Watchlist:
ADHD, CAMT, GMO, OPTT, RADA

Blue Horseshoe Stocks: Options, Updates & More

Options Ideas

Alibaba Group Holding Ltd. BABA- After raising revenue guidance by nearly 50%, there has been a mad scramble for shares of BABA in the premarket this morning with the stock shooting up over $15. Whenever we see a feeding frenzy like this, we like to set up camp with some options ideas in an attempt to take advantage of the bullish commotion.

In this case, we’re going to signal the BABA Weekly $140-145 Calls which should do pretty well if the current trajectory is any indicator. Whenever a stock has gapped up this hard, we must be on the lookout for an early pullback into a dip-and-rip pattern, which can happen in these sorts of situations.
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Yahoo! YHOO – Also gapping up in the premarket considerably is YHOO, and we’re going to keep an eye on a range of contracts here as well. We’ll have the YHOO Weekly $53-56 Calls on watch today.

Bottom-Watchlist Updates

Dragonwave, Inc. DRWI – We had DRWI on yesterday’s bottom-bouncer watchlist and it’s looking like a really solid play so far. DRWI traded in an intraday range from .94 to 1.24 for a solid 32% move on 9X the 30-day average volume. Not too bad for our first day of observation. We’ll continue to watch DRWI for a continuation of this rebound pattern.
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Ability, Inc. ABIL– We caught ABIL gapping up slightly off of its own bottom yesterday and it made a very nice move for us. The stock traded in a range from .6298-.91, for a solid 44% pop on 20X the monthly average volume.

Side Note – Caravana Co. CVNA – We’ll also want to keep a continued eye on CVNA, which we tagged in yesterday’s extended watchlist. It traded up from 10.50-12.83 on the day, and hit 13.03 in the premarket this morning. That’s an increase of 24% and it came on more than four times the three-month average volume.

Extended Watchlist:
NXTD, VSTM, CVM, ONCS, COOL, CASC, KIM

Blue Horseshoe Stocks: Bottom-Watchlist & More

Coin Citadel CCTL

Among the plays we signaled in a bitcoin-related watchlist we formulated at the end of May while bitcoin prices were going haywire, was CCTL. We’ve actually been tracking this play for a lot longer than that if you refer to the CCTL Tag on our blog.

As recently as May 23rd, this stock was trading at the bottom of the barrel with a .0001 share price, and it has made just the kind of moves that one might expect from a super-subpenny play that suddenly finds itself in the middle of one of the trendiest market spaces.

Yesterday, we observed CCTL trading as high as .0008, which of course marks a rise of 700% over our witnessed lows in the space of ten trading days. We’re going to want to keep an eye on the stock, and be on the lookout for a key break into the double-zero range.

Bottom-Watchlist

We’re always searching for a good bottom play, and we’ve got a few to add to our watchlists this morning.

Dragonwave, Inc. DRWI – Up considerably in the premarket and moving to fill a previous gap on the chart this morning is DRWI. The company recently closed a hefty round of funding, which may explain the circumstances which led to it recording a new 52-week low yesterday. The company did, however, announce it has been awarded a big product supply and installation services contract from SmartSky Networks, a North American 4G LTE in-flight service provider. (>>View PR)
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Ability, Inc. ABIL– Also gapping up to a lesser degree in the premarket is ABIL. We’ll want to keep a good eye on this one, as it recently registered a new annual low. If the activity boost we’re seeing this morning develops into a more sustained trend, we could be catching the stock just in time for a recovery.
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Sugarmade, Inc. SGMD – Sugarmade is coming off of a bottom on the chart as well, trending up moderately for the month of June so far. This morning the company announced it had received purchase orders for hydroponic growing equipment that could yield as much as $3M this year. (>>View PR)

Extended Watchlist:
GAHC, NVAX, INO, KITE, CVNA