Blue Horseshoe Stocks: Momentum Plays & More

Medbox, Inc. MDBX

MDBX is a stock that we were tracking fairly heavily over the course of the fall season, awaiting a solid bottom-bounce signal as the stock drew back steadily in PPS over a period of many weeks.

Yesterday we were sent into high alert mode with regard to MDBX, and while the observation came just a few minutes late to make it into our premarket report, it was shared in our trader’s chat promptly at the open as you can see from the following snapshot:

What ensued was an intraday run, and the strong bounce signal we were awaiting all along. From a low of .02 MDBX shot up 95% to reach an HOD of .039; that worked out to a 95% pop.

We felt it was another perfect illustration of why we encourage all of our followers to get in on our daily trader’s chats. There are often opportunities mentioned that won’t appear in our premarket reports, appearing in the chatroom throughout the course of a given day.

Once again, all one needs to do is log onto a Skype account and send a contact request to username ‘stocksumo‘, and you will be admitted into the chat!

pSivida Corp. PSDV – News Alert

We’re casting a portion of our attention this morning in the direction of PSDV. As we were examining this morning’s PR feeds, we noticed an announcement from the company referring to positive Phase-III study data and a huge concurring gap-up.

Medidur is PSDV’s treatment in development for an eye affliction known as posterior uveitis, and the results of the trials are said to be “statistically significant”. We’ll be monitoring this play as the session kicks off today in the event that the move up on the chart is significant as well.

Given that it’s traded up over 50% in today’s premarket, we may need to observe for possible dip-and-rip action in the stock.

Extended Watchlist:
NXGA, TALK, BLTA, LTNC, KWBT

Blue Horseshoe Stocks: BBRY Review, HK & More

Friday’s Options Review –  Blackberry Ltd. BBRY

BBRY was the object of our attention with regard to options-trading ideas on Friday, and it turned out to be a major success.

In our morning report we zeroed in on Weekly 7.50-8.50 Calls for what we felt could be “significant intraday swings” and each of the three sets of contracts within our target range managed to meet our expectations. The $8 and $8.50’s made particularly violent spikes exceeding the 1000-percent mark!

$7.50 Calls – Trading Range: .69-1.41  – Max Gain: 104%
$8 Calls – Trading Range: .20-2.88  – Max Gain: 1340%
$8.50 Calls – Trading Range: .04-.55 – Max Gain: 1275%

We also prepared a short video of the action provided by these BBRY Calls:

Halycon Resources Corp. HK

In the midst of tax-loss selling season, we are noticing opportunities to pick up highly discounted shares practically everywhere we look. One possible play we’re considering as we kick off this holiday-shortened week is HK, which fits a couple of the criterion for which we’re always looking.

Not only is the stock coming off of a new annual low registered on Thursday, but on Friday, no less than five members of management filed Form-4’s indicating the purchase of shares at .26. Both occurrences qualify HK for an extended-term recovery watch.

Even further, there was an announcement on Friday from CEO Floyd Wilson alluding to an exchange offer , the closing of which will apparently reduce “long-term debt by more than $1 billion and… annual cash interest expense by more than $50 million.” >> VIEW PR

Extended Watchlist:
CANV, CDII, CDNL, VPRO, DBMM, SENY, VOIL

Blue Horseshoe Stocks: FDX, RAS Recaps & More

FedEx Corp. FDX

On Tuesday morning, we had a set FDX options ideas that were among our main focal points. Avid readers will recall that we signaled our interest in Weekly FDX $140-145 Calls, and over the course of the last three days, with the exception of the $140’s, each set of contracts put up noteworthy intraweek swings.

The following trading ranges represent the lows from the day of our initial calls to yesterday’s highs:

$141 Calls – Trading Range: 4.06-12.19  – Max Gain: 200%
$142 Calls – Trading Range: 3.39-14.40  – Max Gain: 325%
$143 Calls – Trading Range: 2.98-11.86  – Max Gain: 299%
$144 Calls – Trading Range: 2.55-10.65 – Max Gain: 318%
$145 Calls – Trading Range: 3.01-11.60 – Max Gain: 285%


RAIT Financial Trust  RAS

We’d also like to update our readers on the progress of RAS since we tagged it as a possible bottom play on Tuesday after noticing it recording new 52-week lows on Monday. The stock has managed to post gains for each of the three sessions since then, meaning that our timing in catching the bottom was essentially flawless.

Our observed low on RAS was 2.30, and it gradually stair-stepped its way to a high of 2.84 yesterday. That marks a steady rise of 23% and a confirmed three-day uptrend, the continued signs of which we’ll be watching for in coming sessions.

Fresh Options Idea –  Blackberry Ltd. BBRY

BBRY is gapping up on earnings beat this morning- Wall Street was expecting a fourteen-cent loss per share and the company only posted a three-cent loss per share. We’ll look to take advantage of the current conditions by looking for a dip-and-rip on BBRY. If things go as we suspect they might, we’ll want to watch Weekly 7.50-8.50 Calls for what could be significant intraday swings today.

Cardinal Resources, Inc. CDNL

We were tracking CDNL at the end of last month and the stock went on to make a nice move of 167%  as it ran from .0225 to .06. After consolidating down to a low of .03 last Tuesday, it has made another nice move to yesterday’s high of .068, another swing of 147%

We’ll keep CDNL on our radars moving forward, watching for the setting of higher highs and higher lows. There still appears to be room for the chart to grow in the near-term.

Extended Watchlist:
MCIG, AXXE, VRSZ, CBIS, SRCO

Blue Horseshoe Stocks: SUNE, DIS Updates & More

SunEdison, Inc. SUNE

We first began mentioning SUNE last month, as we were noticing the stock had been steadily beaten back since midsummer. We placed the stock on bottom-watch and since reaching its ultimate low of 2.55 on November 20th, it has been making steady strides to the upside.

We tagged the stock for more intensive tracking in yesterday’s premarket report, and were met with even more advances. SUNE put forth a modest but solid 15% increase as it traded in a range from 5.65-6.47. From our observed low just a few weeks ago, SUNE has produced an overall increase of 154%  We’ll continue to stay hot on its trail for as long as the bullish trend remains intact.

Options Recap – The Walt Disney Co. DIS

We were able to take advantage of the excitement surrounding DIS yesterday morning by submitting Weekly DIS $112-116 Calls for tracking, and in what seems like it’s become a regular occurrence for us, each and every set of contracts in our specified range made excellent intraday moves.

Here are the gains that were possible during yesterday’s session with these calls:

$112 Calls – Trading Range: 1.25-2.32  – Max Gain: 86%
$113 Calls – Trading Range: .80-1.58  – Max Gain: 98%
$114 Calls – Trading Range: .46-.95 – Max Gain: 107%
$115 Calls – Trading Range: .29-.54 – Max Gain: 86%
$116 Calls – Trading Range: .16-.29 – Max Gain: 81%

More Chatroom Success

Our good friend and chatroom participant, DJ, was up to his old tricks yesterday, entering yet another winning play into the mix.

NUVI was .008 x .009 at the time of DJ’s post (pictured above) and the stock ended up pushing to .0272 for an awesome 240% intraday surge.

Once again, a great example of why its a good idea to participate in our daily trader’s chats. To get involved, just send a Skype request to ‘stocksumo’.

Fresh Options Ideas – AAPL

This morning we’re looking to AAPL for a possible rally; the stock is gapping up and thus we will be looking for a potential dip-and-rip scenario. We are going to want to keep the Weekly $111-113 Calls on watch for today and tomorrow.

In the event AAPL pushes past the $113-mark, we’d of course look to roll up our strike prices to the $114’s and possibly even $115’s, depending on the magnitude of the surge.

Extended Watchlist:
SNGX, CHIT, EFFI, SRCO, VNTH, BTFL

Blue Horseshoe Stocks: RAS Update, Options & More

RAIT Financial Trust RAS

RAS was a point of focus in yesterday’s premarket report. We highlighted it as a stock that had been hammered back for the better part of the past two months, which was long overdue for a rebound.

Timing just doesn’t get any better, with RAS having just registered a brand new 52-week low in the previous session, the reversal we were after occurred as the stock traded in a daily range from a low of 2.30 on up to 2.57. While only a modest 12% increase, we’ll be very interested to continue monitoring RAS in impending sessions. The stock closed just a few pennies below the HOD on roughly 4.5X the 3-month average volume.

We’ll look for RAS to keep logging higher lows and establish a sustained recovery, and remember, there’s a gap on the chart beginning at around 3.15, the filling of which would put the price back at $4.

New Options Idea – The Walt Disney Co. DIS

There’s an unusual amount of excitement surrounding Disney this week, with Star Wars: The Force Awakens, the seventh movie in the Star Wars franchise set to hit theaters on Friday.

Add in the recent revelation that Alibaba (BABA) has teamed up with the company to distribute Disney films in China through a new device called DisneyLife, and we’re very interested in the potential activity these events could fuel in the DIS options chain.

As a result, we want to track contracts in the range of Weekly DIS $112-116 Calls for quick-strike chances, to try and take advantage of the current excitement. The stock is gapping up significantly in the premarket, so we’ll be on the lookout for an early dip-and-rip.

Extended Watchlist:
MCUR, MBLX, NGL, TERP, SUNE, AMBS, WEST, USAR

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