Blue Horseshoe Stocks: Bottom-Plays, Updates & More


BioNovelus, Inc. ONOV

For the third day in a row we’re bringing our readers up to speed on new highs for ONOV, a stock we’ve been tracking since  April from a low of .006, which has been continuing to break out like crazy this week.

We said in was in blue-sky territory in yesterday morning’s premarket report, and it did indeed continue to soar into the atmosphere. From an early low-of-day at .11 it got a boost all the way up to its new high of .15. It went down in the books as a 36% intraday pop, and a megalithic move of 2400% over our witnessed low from earlier this spring!

Cheers go out to any of our readers who were able to carve out a slice of the ONOV pie, it’s been quite a ride thus far!

Bottom-Play Possibilities:

As most of our audience is surely aware by now, we love a good bottom-bounceplay opportunity, and in the past, catching stocks that have taken recent beating at just the right moment has served us quite well. We’ve got a couple of potentials in that arena this morning that we’ll want to have an eye on over the next few sessions.

Infinity Pharmaceuticals, Inc. INFI – This is a classic case of negative hype and unfavorable news simultaneously converging to form a perfect storm of stock bashing. Just look at the massive gap on the chart, even a partial re-filling of which would produce sizable gain opportunities. The enormous selloff which occurred led to new lows, but INFI gave something of a bounce signal during yesterday’s session, so we’ll be quite interested to see how the activity unfolds from this juncture.

FXCM, Inc. FXCM – Also giving off a strong bottom signal is FXCM, a stock we rode to multi-bag gains back in December. We want to come back and give some attention to this play as it has come down to find support near its 6-month lows, and appears ready for a possible rebound. We’ll want to be watching for when that occurs.

Extended Watchlist:
CRDS, MUX, AG, NUGT, GDX, AEGR(Bottom-Watch)

Blue Horseshoe Stocks: Update on ONOV & More

BioNovelus, Inc. ONOV

We were just mentioning yesterday morning, how ONOV, since our initial tag of the stock on the 26th of April had been undergoing a serious uptrend. We’d witnessed a staggering 1617% run from .006 in April, to a new high of .103 on Monday.

We acknowledged the fact that the RSI indicated that the stock was overbought, but also noted that the impending Golden Cross on the chart overruled that, and kept it on our watchlist for further tracking. All we said we needed to see from the stock was for it to maintain support at or above previous support at .04 on any pullbacks, and it was never an issue. The bounce point and low of day was .087 and from there the stock ran 57% intraday to a new high of .1367.

That extended our total observed move on ONOV this spring to a brain-busting 2178% and allowed the stock to continue the blue-sky breakout currently in effect.

Motorcar Parts of America, Inc. MPAA 

After noticing a surge of insider buying beginning last week on MPAA, and the fact that it was searching for a new 52-week low, we placed MPAA on extended-term recovery watch yesterday, and got an immediate response.
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Our call of the bottom appears to have been absolutely perfect as MPAA rose from that annual low of 25.50 which also happened to be the low of day, and rebounded up to 30.97. That marked an intraday increase of 21% which is fairly impressive for a $25 stock. We’ll continue to monitor, and will be looking for it to begin to register higher base levels of support off of that newly established 52-week low.

Chatroom Reminder:

Speaking of great calls, our friend DJ from our live traders chat was up to his old tricks again yesterday, making an absolutely massive call. He noted that MYLI was extremely thin on the offer, and his vigilance provided huge potential rewards for the room.

The PPS was as low as .0025 following his mention at 9:46am, and peaked at .0145 late in the session for a chance at 480% in gains. This is why we constantly remind our readers that you are welcome to join our daily chats, as you never know when the next big gainer might get passed along!


To join in, just send a Skype contact request to username “stocksumo“.

Medina International Holdings, Inc. MIHI – We also want to radar this stock, which is a low-float news play that caught our eye this morning. (>>View PR)

Extended Watchlist:
SIPC, YIPI, TPIY, CLRB, EXAS, SPHS

Blue Horseshoe Stocks: Revisiting VMEM, ONOV & More

Violin Memory, Inc. VMEM

This morning, we’re going to take a minute to go over the recent performance of a stock that we tagged for tracking on June 1st. At the time, we were noticing that VMEM, after a period of sharp consolidation that led to its 52-week lows roughly a month ago, was rebounding nicely.

Subsequent to our mention of the stock we observed a low of .482, and in the ensuing two weeks, it’s been mostly trending upward as you can see on the chart below. It has since reached a high of .79, representing a total increase of 64% over our observed low.

To remain interested in VMEM, we’ll need to see it hold support at or above its recent swing-low at .56 on any pullbacks.

BioNovelus, Inc. ONOV

We’ve got another stock in ONOV that we had previously mentioned earlier this spring, which has also managed a near-continual uptrend of late.

Following our alert of this play back on the 26th of April, it was trading for as little as .006 a share, and as you can plainly see, the climb it’s made since that time has been nothing short of monumental. The stock incredibly hit a new high of .103 yesterday, which registers as a 1617% upswing over our observed low!

Despite being quite overbought at the moment, we’ve got the indicator of all indicators, a Golden Cross, forming on the chart. Should the stock hold support at .04 or better on any dips, we’ll remain watchful for the possibility of further breakouts.

Extended-Term Watch Idea:

Motorcar Parts of America, Inc. MPAA – We took notice of MPAA this morning after the company’s mixed earnings release. We are seeing a number of attractive features of this stock at the moment, and want to put it on a longer-term watch. Not only is it currently feeling out its 52-week lows, but there has been a wave of Form-4 Buying that has been reported over the past week. These are attributes which have led us to good bounceplay opportunities in the past, so we’ll keep an eye peeled.

Extended Watchlist:
SOUM, GRLD, SFBE, ERHE, IMNP, SGY, YGE,
ADTM(Back on bottom watch)

Blue Horseshoe Stocks: EBIO, HRB Updates & More

H&R Block, Inc. HRB – Options Update

The options idea we formulated and passed along to our readers on Friday for HRB was far away our best play of the week, and an excellent way to wrap it up. Our specific target range that we highlighted in this case was the HRB 06/17 $21-23 Calls. and we ended up seeing monstrous moves out of each of the contained contracts.

$21 Calls – Trading Range: .60-3.30 – Max Gain: 450%
$22 Calls – Trading Range: .15-2.30 – Max Gain: 1430%
$23 Calls– Trading Range: .05-1.30 – Max Gain: 2500%

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Added Reminder:

The other options play we set our sights on in Friday morning’s report was Global Blood Therapeutics,Inc. GBT – 06/17 $20-30 Calls. We saw some moderate activity as the stock ran early in the day, before tapering off. As they don’t expire until the end of this week, we just wanted to reiterate the possibility of more pronounced moves if GBT maintains support at 22.00 or above.

Eleven Biotherapeutics, Inc. EBIO 

The last time we reminded folks about our interest in EBIO, a stock that has appeared in our reports many times in the past, was on June 3rd. On that day, we were commenting on an earlier alert we put out on it back in May while EBIO’s PPS was at .80, after seeing it run up to its then-high of 2.10.

It ended up topping out at 2.60 on the afternoon of the 3rd, and has since been under light consolidation. It reached a support level of 1.62 on Friday, before beginning to rebound, and this morning it has gapped up hard in the premarket to a new high of 3.55 on the strength of an attractive PR (link below).

From our observed low in May, it represents an overall increase of 344% We’ll want to see the stock’s previous resistance level of 2.60 hold as support on any early pullbacks.

Extended Watchlist:
AROPQ, EXAD, TRQ, GIG, AMRS, QURE,
FLXN(Big Insider Buying)

Blue Horseshoe Stock: TPLM Recap & More

Triangle Petroleum Corp. TPLM

The first thing we want to do this morning is congratulate ourselves for our timely call of TPLM in yesterday’s extended watchlist, as well as any of our readers who were able to take advantage.

The timing was indeed impeccable; Wednesday’s bullish session brought the stock comparatively modest gains compared to what was on the table yesterday. TPLM traded up from an early morning low of .35 and reached .63, for a highly respectable intraday run of 80%

The move occurred on volume which exceeded the monthly average by more than seven times, and the stock managed to close just a shade under its high-of-day at .615, qualifying it for continued observation as a potential momentum play. We’ll look for higher highs and higher lows as have occurred over each of the past three days.

INTREorg Systems, Inc. IORG

We most recently were discussing IORG in our report dated May 25th, subsequent to which we would observe quite a significant uptrend. As you can plainly see on the included chart below, it has been stringing together solid performances for two weeks straight.

Our observed low on the stock was .32 on the 27th, and since then it’s been off to the races, and yesterday the stock managed an impressive new high of 1.09 before closing with strength just a tick below that. For us to remain heavily interested in this play moving forward we are going to need to see it maintain support at or above the channel of previous resistance we’ve highlighted on the chart from .80-.98.

Fresh Options Ideas 

To close things out for the week, we’re going to provide a couple of options ideas with expirations set for next Friday, so this won’t carry the same warning we usually issue about trading weekly contracts at the end of the week. We are still quite intrigued with the possibilities for the following ranges of contracts in these two plays over the next several sessions:

H&R Block, Inc. HRB – 06/17 $21-23 Calls

Global Blood Therapeutics,Inc. GBT – 06/17 $20-30 Calls

Extended Watchlist:
CCAN, AGTK, IMLE, GNK, CJES, ONVO, OXGN

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