Blue Horseshoe Stocks

Blue Horseshoe Stocks: Bottom-Play, Options & More

EnteroMedics Inc. ETRM

ETRM is the first in a group of plays that we’ve been familiar with in the past, that we’d like to circle back around to this morning.

We never stop looking out for stocks giving a bounce signal off of their 52-week lows, and ETRM raised that flag yesterday. The stock hit a new annual low (.123) as the short week kicked off on Tuesday, and yesterday’s session showed a clear rebound , trading between .14-.15, so we’ll just want to keep our eyes peeled for a mid-to-extended term recovery.

GW Pharmaceuticals plc GWPH

GWPH is another stock that we’ve had experiences with in the past, and today we’ve spotted a possible opportunity to take advantage of it once again.

On the flip-side of the coin from the previously mentioned play, GWPH has just hit its highest PPS since last October (104.58) yesterday on an epic single-day surge. That’s quite an impressive jump over its levels the last time we mentioned it in our reports, when it was trading just above $80.

Additionally, looking back over GWPH’s track record, it seems every time the stock makes a major move to the upside, there’s always a commensurate consolidation that follows. For this reason, we’re going to signal a range of extended-term puts in the GWPH options chain to track over the coming days and weeks.

Our four potential targets are going to be the GWPH 10/21 $105-90 Puts.

Rite Aid Corp. RAD

Also among stocks we’ve tracked at various times and for various reasons in the past, is RAD, though it has been quite some time since we last had our eyes on it closely.

Today we’ve been provided with an update on the status of the pending buyout of the company by Walgreens Boots Alliance (WBA) (>>View PR)

We’ll be watching the stock which is presently trading at a low multiple in the 8.30-range, as well as an options idea; the RAD Weekly $7.50 and $8 Calls, with the possibility of rolling up to the $8.50’s if and when the stock breaks its premarket high 8.42.

Extended Watchlist:
JNSH, TURV, PCYS, SFRX

Blue Horseshoe Stocks: Tuesday’s Winning Calls & More

Bottom Watchlist Updates

We rooted out three fresh bottom-bounce plays in yesterday’s premarket report, and got the continuing rebound action we were looking for in all three cases. The performance was enough to keep their spots on our radar for the time being.

Dynavax Technologies Corp. DVAX – To go along with the stock’s rebound (13.13-14.42, +10%), we formulated an options trading idea for the DVAX chain and those plays worked out very well. The DVAX 09/16 $12 and $13 Calls were our target contracts and both offered up the chance at some rapid intraday gains.

The $12’s made their way from a low of 1.40 up to 2.68 for a 91% push, and the $13’s far exceeded that with a move from .70 to 3.61. That was good for a multi-bag rip on the order of 416%
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ITT Educational Services, Inc. ESI – This one made a good, solid move to reinforce our idea that the stock was due for a nice rally. ESI traded in a range from .30-.48 on the day, representing a shot at single-session gains of up to 60%
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Eldorado Gold Corp. EGO– This one didn’t make a monstrous move, trading up from a low 3.48-3.71 (+7%), but it did maintain the majority of its advance. Our interest remains as long as the pattern of higher highs and higher lows is sustained.

Navidea Biopharmaceuticals, Inc. NAVB

The bottom-watchlist plays weren’t the only calls from yesterday’s report to go our way. The first in a pair of nice gainers off of our extended watchlist was NAVB. The stock traded up from an early low of .50, and made a 68% move en route to the high at .84.

The stock closed strong, just a few cents below the high at .8047 so we will want to continue monitoring it for signs of continued momentum.

Signal Bay Inc. SGBY

SGBY was the other runner from the watchlist, which included an intraday run from a penny up to .0159, a 59% pop. With a strong close at .0149, this play will remain on our list of interests as well.

Extended Watchlist:
EVOK, CLCD, AGIO, CRIS, APA

Blue Horseshoe Stocks: Bottom-Bounce Watchlist & More

Bottom-Bounce Watchlist

We’ve got a trio of potential bottom-plays hitting our scanner this morning, and as our regular readers are surely aware, we’re quite fond of bargain-basement prices. Our history is chock-full of solid recovery based gains.

Eldorado Gold Corp. EGO – This gold play showed up on our radar this morning after Friday saw the stock record a hint of a rise off of its lowest PPS since early April. As you can see on the included snapshot below, the chart is boasting an RSI that appears ready to come off of being oversold, with clear convergence on the MACD hinting at an impending bullish cross. We’ll place this one on watch for upcoming sessions as we kick off this short trading week.

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ITT Educational Services, Inc. ESI – This stock showed signs of life on Friday, coming up off of the new 52-week low it registered on Thursday. In addition to being egregiously oversold at this point, there is a monstrous gap on the chart from the low-.70’s on up to the 1.40 range. We’ll be looking for an eventual fill which would of course spell gains approaching 100%

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Dynavax Technologies Corp. DVAX – In a moderate morning gap-up, DVAX has already begun to regain some of the ground it lost on Friday following the FDA’s decision to delay its decision on the company’s hepatitis vaccine. No surprise, as the 30% selloff seemed a bit of an overreaction.

We’ll look for the rebound in progress to continue, and will remain interested provided it maintains support above this morning’s premarket low of 12.27. Bonus Options Idea: If the recovery unfolds as we suspect it might, we’ll be anxious to tracj the activity in the DVAX 09/16 $12 and $13 Calls.

Auscrete Corp. ASCK

We also want to provide a brief update on ASCK, a subpenny play which we placed on watch in Wednesday’s premarket report. After coming down to find support at .0023 the stock ultimately reached a new high of .0065 on Friday.

It marked an intraweek swing of 183% and qualified for a continued spot on our working watchlist.

Extended Watchlist:
NAVB, KGJI, SGBY, NAV, SPU

Blue Horseshoe Stocks: Winning LVS Options & More

Las Vegas Sands Corp. LVS – Options Recap

To correspond with the surprise news that Macau gambling revs broke a two year pattern of disappointment, we prepared ourselves with a few options ideas yesterday, and while they all provided opportunities to an extent, the one that shone through as the clear winner was Las Vegas Sands.

We zeroed in on the LVS Weekly $51-52.50 Calls for potential daytrading chances, and regardless of the chosen strike price, multi-bag intraday gains were there for the taking. The possible profits were as follows:

$51 Calls – Range: 1.18-2.83 – Max Gain: 140%
$51.50 Calls – Range: .85-3.36 – Max Gain: 295%
$52 Calls – Range: .40-1.82 – Max Gain: 355%
$52.50 Calls – Range: .30-1.62 – Max Gain: 440%

Kibush Capital Corp. DLCR

After alerting DLCR in Wednesday morning’s premarket report, the stock has gone on a heck of a two-day run for us. Yesterday we mentioned that we’d keep an eye out for a continuation of the uptrend, and got just what we were looking for as the stock streaked to new highs for us.

It traded in a range from .0036-.0071, falling just shy of a double-bagger with a 97% intraday push, and from the low we observed on Wednesday morning subsequent to our initial report (.00297), it represented a two-session overall increase of 139%

Ocean Rig UDW Inc. ORIG

We’ve also got a potential bottom-play hitting our scanner this morning in ORIG, so we wanted to make mention of that as well.

All it takes is a quick glance at the chart to see why we’ll be interested in tracking the activity in this stock in sessions to come. We’ve got a strong double-bottom signal, a bullish MACD cross in progress, and the RSI is indicating that ORIG is presently oversold.

These are all factors we routinely search for, and when coupled with a sizable gap on the chart to the upside, and the fact that it was trading at three times its current price less than a month ago, we’ll certainly want to watch this one closely.

Extended Watchlist:
BTG, FSM, NGD, TRUU, CCLX, ICLD,

Blue Horseshoe Stocks: DLCR Update, Options & More

Veeva Systems, Inc. VEEV – Options Update

We closed out yesterday’s report with a fresh options trading idea in the VEEV chain, and were not disappointed with the results.

We focused on VEEV after the company posted a mammoth year-over-year sales increase in its premarket earnings report. Our specific targets of interest were the VEEV Weekly $39-42 Calls and it came as no surprise to see solid intraday gain opportunities from each and every set of those contracts.

$39 Calls – Range: 1.55-2.25 – Max Gain: 45%
$40 Calls – Range: .85-1.53 – Max Gain: 80%
$41 Calls – Range: .50-.90 – Max Gain: 80%
$42 Calls – Range: .25-.50 – Max Gain: 100%

Kibush Capital Corp. DLCR

We placed DLCR on watch in yesterday’s premarket report, and were instantly met with chances for intraday gains by this subpenny swinger. From its low of .00297 first thing in the morning, the stock eventually reached a high .0046, representing a move of 55%

It marked the third straight session that DLCR has recorded higher highs and higher lows, and with a strong close at .0044, we’ll keep an eye out for continuation of the trend. For the stock to retain our interest it we’ll want to see it hold support at or above .0037 on any pullbacks.

Casino Stocks Heating Up – Options Ideas

After an unexpected increase in August gaming revenue in Macau (world’s largest casino hub) which broke a two year downtrend, we’re seeing a number of casino-related stocks that seem poised to perform really well, at least over the short-term.

The situation is leading us to put some options ideas on the table to correspond with current conditions:

Wynn Resorts Ltd. WYNN Weekly $92-94.50 Calls

Melco Crown Entertainment Ltd. MPEL Weekly $13.50-14 Calls

Las Vegas Sands Corp. LVS Weekly $51-52.50 Calls

Extended Watchlist:
ANDI, AWAW, CYTK, IMUC, MAXD, HDUP, SPU, ROKA