Blue Horseshoe Stocks: New Options Ideas, Bottom-Plays & More

Synergy Pharmaceutical, Inc. SGYP

SGYP kept piling on the gains yesterday with a great showing, emerging as one of our top picks of the week. For those who may have missed the reports, we declared interest in this play on Wednesday morning, and shortly thereafter bore witness to a solid 32% intraday run.

In yesterday morning’s report, we reinforced our confidence in the stock’s ability to produce another nice move based on the level of momentum it had built to that point. Our assumption proved accurate, and SGYP turned in an intraday increase of 19% from its early low of 7.92 up to a high of 9.44.

That move brought our total observed range on this play in a span of just two sessions to 56% (6.05-9.44).

SGYP is trading up slightly in the premarket with shares having traded hands for as much as 9.56 thus far this morning. While we’ll need to stay wary of potential pullbacks caused by profit-taking, we won’t want to let SGYP slip off of our radars.

The company’s Phase 3 trials for plecanatide as treatment for chronic idiopathic constipation met primary endpoints in both data runs, and there are many on Wall St. who believe we’ve yet to see the ceiling on this play’s potential.

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Options Ideas

Under Armour, Inc. UA – We’re cap things off week by formulating a couple of options ideas for UA. The stock has been on quite a rip recently, and we’re going to explore the possibility of using the trend to our advantage. Specifically, we’re going to be monitoring UA Weekly $82.50-83.50 Calls for potential quick-strike intraday swing-trade chances, while reserving a spot on our longer-term watchlist for the 07/31 $84 Calls.

Added Reminder: We also are going to stay hot on the trail of the PBR Options ideas we mentioned in yesterday’s report (08/21 $10 and $11 Calls) into next week. We’ve already seen moves approaching and exceeding 100% in those contracts, and want to remain open to the possibility of more coming down the pipe, with plenty of time left until their expiration date.

Bottom-Bounce Watchlist:

Both Medican Enterprises, Inc. MDCN and Adaptive Media, Inc. ADTM took huge gut-punches yesterday, and will end the week on our bottom-watch radar. The possibility for significant rebound opportunities could be forthcoming either today or early into next week.

Extended Watchlist:
ARYC,  MJMJ, TPIV, HERO(Still on Bottom-Watch)

Blue Horseshoe Stocks: SGYP, PBR Recaps & More

Synergy Pharmaceutical, Inc. SGYP

We determined that the nature of SGYP’s premarket activity on the heels of a positive PR yesterday warranted inclusion in our morning report, and the result was yet another winning performance in what has thus far been a great week.

SGYP proceeded to trade in a daily range from its early low of 6.05 on up to 7.97, marking an intraday spike of 32% on volume which exceeded the 3-month average by more than 20X.

That momentum is spilling over into premarket trading this morning, and we’re seeing another gap up today. We’re going to be very interested to follow the action as the session kicks off, open to the possibility of another dip-and-rip.

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Axion Power International, Inc. AXPW

Our coverage of AXPW this week yielded up big opportunities right from the start, and the trend continued early in yesterday’s session. The stock broke hard out of the starting gate and made a 30% run from .165-.214. As you can see on the 1-minute chart snapshot below, there were also a couple of subsequent swings that would follow.

AXPW ended up closing at .18, and has traded slightly higher in the premarket today.

Petroleo Brasiliero SA (Petrobras) PBR – Options

We also want to track back to a report on PBR we published on the morning of June 3rd, wherein we formulated some longer-term options ideas; specifically the 08/21 $10 and $11 Calls. The PBR chart has been ripening nicely of late, and as a result we’ve seen some nice chances for gain with those contracts.

August $10 Calls – Range: .31-.64 – Max Gain: 106%
August $11 Calls – Range: .17-.30 – Max Gain: 76%

As you can plainly see, PBR is working on one heck of a chart setup, so we’ll certainly continue to monitor these calls that have consistently been making higher lows and higher highs along with the stock.

StemCells, Inc. STEM

We want to tag STEM for observation this morning in the wake of an interested premarket PR we’ve noticed. The company has received the green light from Health Canada “to expand its Phase II clinical trial for chronic cervical spinal cord injury”. >> Read PR

The stock is gapping up in premarket trading, and if it can manage to break through its recent swing high at .74 once the session begins, things could get rather interesting.

Extended Watchlist:
AMD, AEZS, PARN, ERN, HERO(Big gap-down, possible rebound)

Blue Horseshoe Stocks: Fresh News Plays & More

FreeSeas, Inc. FREE

We mentioned FREE in yesterday’s morning report as a bottom-play that was gaining momentum. The stock had begun to show signs of life after recently establishing a new 52-week low, and our focus paid off almost instantly.

We witnessed a slight dip to a low of .1113 shortly before 10AM, after which time FREE proceeded to surge its way to a daily high of .179. It registered as a 61% intraday swing before the stock tapered back to close at .091.

We’ll continue to observe the activity on the FREE chart as the week progresses, as there is a fair chance that we will continue to see sizable swings in PPS.

Axion Power International, Inc. AXPW

Speaking of major runners, the call we made on AXPW on Monday continued to extend its gains early in yesterday’s session. We caught this gem at a low of .0421, and watched as it went on to touch .36 before it began its pullback.

The move extended the total range we witnessed over just a two-session span to a whopping 755%

For us to remain interested in AXPW for further opportunities, we’ll need to see it maintain support at or above yesterday’s swing low of .14. Key resistance is sitting between .18-19.

Fresh News Plays

Synergy Pharmaceutical, Inc. SGYP came with some positive news this morning, and is gapping up heavily in the premarket. We’ll look for a potential dip-and-rip scenario to occur following the opening bell.

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Blue Shere Corp. BLSP announced a tentative share buyback program this morning that would allow for the company to acquire up to $500K-worth of its common stock from the open market and/or via privately arranged transactions. Couple that with a chart that has the look of a classic bottom-play, and we’re very interested to include BLSP on our watchlist this midweek.

Extended Watchlist:
SFUN, BVXV, ARWR, ARTX, CRMD

Blue Horseshoe Stocks: Reviewing Yesterday’s Winners & More

Axion Power International, Inc. AXPW

AXPW ensured that we started off the week with a bang yesterday with a monumental single-session performance. We placed it in our morning report after a routine scan showed some abnormally high premarket volume, and it essentially spent the entire day bulling its way to new highs.

From an early low of .0421 the stock would ultimately reach a share price of .159 just prior to the close. That worked out to an intraday rip totaling 277% on record volume.

AXPW closed just two ticks below its high-of-day at .157, and with this kind of frenzied momentum, we’ll be certain to follow the activity as things kick off today.

The stock has traded as high as .2601 in this morning’s premarket, extending the total move we’ve seen in a 24-hour period to 518% There’s a very good chance that the run-up will catalyze significant profit-taking, which will ultimately lead to an opportunity for us to time the bottom, and play the rebound.

Huge congratulations go out to any of our readers who were able profit from AXPW as a result of our premarket alert!

Indo Global Exchanges Pte Ltd. IGEX

IGEX was another stock from yesterday’s new watchlist that also did extremely well, becoming the second multi-bag gainer before the day was through . We referred to it as a “super-sub-penny momentum play”, and the momentum certainly was sustained throughout the day.

From its daily low of .0006, the stock barreled its way up to close at its high-of-day at .0013; an intraday run of 116% which occurred on volume that approached 10X the monthly average.

Like the aforementioned play, we’ll remain vigilant for the possibility of continued momentum and/or a subsequent dip-and-rip scenario of which we can take advantage.

Amedica Corp. AMDA was the other notable intraday gainer from yesterday’s newsletter. AMDA made a strong move from .40 to .497, which represents an increase of 24%

FreeSeas, Inc. FREE

This stock is an old favorite that we’ve tracked to some very nice gains in the past. We want to draw attention back to it this morning as it is beginning to show signs of life after a months-long consolidation beat the stock back to new 52-week lows. We always like to monitor stocks coming off of annual low-points; very often they lead to excellent chances on the rebound.

The stock ran hard into the close yesterday on extremely heavy volume, so we’re going to we’re going to tag FREE as a momentum/recovery play, and watch it intently as we head into mid-week. .

Extended Watchlist:
ACUR, MEA, OPTT, GBSN, PULM

Blue Horseshoe Stocks: Midday Updates

Midday UpdatesWe wanted to send out a quick afternoon update regarding a couple of the stocks mentioned in this morning’s premarket report, and the epic performances they’re putting forth today. We’ve managed to provide our readers with not one, but two big time runners to start off the week:

Axion Power International, Inc. AXPW

Thus far this trading session, AXPW has traded close to 20X its 30-Day volume while at the same time running from a daily low of .0421 all the way up to an astonishing high of .126. It marks an intraday pop of 199% and calls for a hearty congratulations to anyone that caught our tag this morning!

Indo Global Exchanges Pte Ltd. IGEX

The other major performer from this morning’s report has been IGEX. This stock saw a low of .0006 this morning before running as high as .001; that’s an 83% rip on the day.

We’ll want to keep an eye on both of these plays as the week wears on, in the event that these gain opportunities could be just a precursor of what’s to come.

If you’re reading this anywhere but your inbox or on our blog at BlueHorseshoeStocks.com, we’d suggest heading over to the site now to sign up for our daily premarket alerts. It will prevent you missing out on future winners just like these, and better!

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