Blue Horseshoe Stocks

Blue Horseshoe Stocks: LPCN Recap, LPDX & More

Lipocine, Inc. LPCN

LPCN served up an opportunity at some decent intraday gains after appearing on yesterday morning’s extended watchlist.

The stock played out a classic dip and rip scenario, falling to a morning low of 6.89 before surging back in the afternoon to a subsequent high of 8.42. That offered traders a chance at intraday gains of up to 22% on plenty of liquidity- the stock would trade 23.5X its 30-day average volume.

The productive session came on the heels of the company announcing favorable results from Phase-3 clinical testing of “LPCN 1021”, its oral treatment for low testosterone >>> VIEW PR

LipoScience, Inc. LPDX

LPDX is gapping up heavily in the premarket, and the interesting story behind it is one that we’re definitely going to want to give our close attention. Early this morning, the company announced that it was the subject of a buyout that would be executed at a share price of $5.25. Barely an hour later, another PR hit the LPDX newswire, concerning an investigation of the managerial board’s handling of the deal, and whether or not they have secured the best possible buyout price.

According to the investigative firm leading the case, “The $5.25 per share acquisition price is far less than where the stock has recently traded. In fact, on January 25, 2013, LipoScience stock opened for trading at $9.75 the day the Company sold 5.0 million shares of stock in its initial public stock offering.” >>> VIEW PR

The playing out of this scenario is going to be an interesting story moving forward, which is why we wanted to flag LPDX this morning, and fill everyone in on this morning’s happenings. The possibility that the investigation could lead to a potential restructuring of the buyout is enough to have us keep our ears to the tracks on this one for the foreseeable future.

Magnum Hunter Resources Corp. MHR

MHR is another morning gapper that we’re putting on our radars. This morning Magnum announced impressive throughput volumes on its “Eureka Hunter” gas gathering pipeline. According to the CEO, “increased capacity has resulted in a record day of approximately 316,500 MMBtu of natural gas”. >>> VIEW PR

Options Trading Idea: PBR Calls

We’re interested in the PBR October 31st $15.50 Calls last traded at 1.88. If we can see PBR make its way back to recent $20+ highs within a month, it could put us in position to see returns of up to 150-200% on those contracts.

Extended Watchlist:
RNN, MNKD, CNET, VHC, MPET

Blue Horseshoe Stocks: MACK, RITT, BIGG & More

Merrimack Pharmaceuticals, Inc. MACK

We’ve got MACK, a play that has been on our watchlist before, bringing itself to the forefront today as news about a licensing agreement has the stock gapping up to the tune of 20% in the premarket. We’re going to be interested to see how it comes out of the gate this morning in response to the announcement.

Baxter International Inc. (BAX) and Merrimack Pharmaceuticals, Inc. (MACK) today jointly announced an exclusive license and collaboration agreement for the development and commercialization of MM-398 >>> GO TO PR

RiT Technologies, Inc. RITT

Another gapper, RITT is also up significantly in premarket trading this morning. The stock had a strong session yesterday, trading in a range from 1.28 – 1.97 on exceedingly heavy volume; more than ten times the monthly average, so we are looking at it for potential momentum carryover into today.

Given the nature of the yesterday’s activity, we could also be looking at a possible dip-and-rip scenario as inevitable profit-taking pares back the share price.

Big Tree Group, Inc. BIGG

BIGG was actually passed along to us awhile back by one of our subscribers. (Readers should feel encouraged to share any ideas you might have with us!) Since then we’ve had the stock on the back burner, passively following along until it was ripe for the picking. We began to see some positive movement off of the bottom yesterday, so we think now could be a good time to flag this play for more intensive monitoring.

Added Note – Options Trading Idea

GTLS was the subject of a buyout rumor yesterday, which effected some upwad movement in the stock. As a result we just want to radar the October $65 Calls, which last traded at 1.50.

Extended Watchlist:
LPCN, ICLD, BBRY, BBBY, SINO

Blue Horseshoe Stocks: CNET Recap & More

ChinaNet Online Holdings, Inc. CNET

CNET made an excellent move following its inclusion in yesterday’s morning report, as the stock would go on to trade in an impressive range from a low of 2.41 up to a new annual high of 3.98 on nearly 34x its one-month average volume. The strong 65% intraday run came in the first hour of trading, so folks had the chance at some very rapid, very substantial gains. Congrats if you were among them!

Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST)

We introduced JDST as a way to leverage against the falling prices of gold yesterday, and it’s working out in our favor so far. This ETF didn’t waste any time Monday morning, as it began a morning ascent that would last all day and carry it from a low of 14.65 to 16.88, a modest yet solid gain of 15%

We’ll have our eyes on this one for as long as it appears that the dollar will continue to strengthen.

OTHER ITEMS OF INTEREST

Our scanner yielded three interesting plays with news out of varying subjects.

NXT-ID, Inc. NXTD, has a mobile wallet product that they bill as the truly the first universal secure payment solution, which, as it does not require a smart-phone, provides certain advantages over other eWallet-type products now being pushed by Apple (ApplePay) among others. The stock made a significant move in yesterday’s trading, and will be on our radars today. >>> Shareholder Update PR

China Jo-Jo Drugstores, Inc. CJJDreleased financials yesterday and received a warm reception from traders. Some of the highlights included:

Online sales contributed $2.6 million in revenue, an increase of 103.5% from the comparable quarter of prior year
Retail sales, which includes online sales, accounted for approximately 80.0% of total revenue, and increased by $2.3 million, or 20.7% year over year to $13.2 million
Wholesale, which accounted for approximately 20.0% of total revenue, decreased to $3.3 million from $4.4 million for the same quarter of last year. >>> VIEW FULL PR

Synthetic Biologics, Inc. SYN Earlier last wee the FDA granted orphan drug status to SYN’s monoclonal antibody (mAb) combination, “SYN-005”. After a period of consolidation off of the initial run that produced, the stock is gapping up in the premarket today, so we’ll definitely want to keep an eye peeled.

Extended Watchlist:
OTIV, NETE, NVAX, USAT

Blue Horseshoe Stocks: JDST, CNET, TTMI & More

Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST)

JDST, for those of you who may not be familiar, is a bear index for gold, which has been taking a pounding over the past couple of months, as world economies have seen a general pickup.

Many analysts are predicting a protracted bearish run from the precious metal, for instance Goldman Sachs has forecast gold to decline to $1,050 an ounce this year. Still others believe a trip to sub-$1000/oz prices is in the cards.

Should gold continue its downtrend, JDST is one way to leverage against that, so we’re going to have this index on our radar from this point forward. It could stand to see further increases while investors are turning to other classes of assets which are currently boasting healthier returns.

TTM Technologies, Inc. TTMI

TTMI is hitting our scanners this morning as a potential bottom play. The stock made a run toward the end of Thursday’s session, and spent the day Friday under general consolidation where it came down to bounce off of support at 7.28 in the last hour of trading.

We’ll be keeping an eye in the activity here today, on the heels of this morning’s news of an acquisition that will make the company one of the world’s leading manufacturers of printed circuit boards.

COSTA MESA, Calif. and ST. LOUIS, Sept. 22, 2014 (GLOBE NEWSWIRE) — TTM Technologies, Inc. (TTMI) (“TTM”) and Viasystems Group, Inc. (VIAS) (“Viasystems”) today announced the execution of a definitive agreement under which TTM will acquire all outstanding shares of Viasystems >>> FULL PR

ChinaNet Online Holdings, Inc. CNET

Another stock that popped up during this morning’s scan falls more under the category of a momentum play; CNET made a big move on Friday, and from the looks of things we should be on the lookout for some of that activity to carry over into this week. The stock is presently gapping up in the premarket, and as always when we see this scenario, we are open to the possibility of seeing a potential dip-and-rip on the chart.

The company also announced today that it had won recognition at yesterday’s Chinese eCommerce Industry Gateway Conference in Beijing:

BEIJING, Sept. 22, 2014 (GLOBE NEWSWIRE) — ChinaNet Online Holdings, Inc. (CNET) (“ChinaNet” or the “Company”), a leading B2B (business to business) Internet technology company providing online-to-offline (O2O) sales channel expansion services for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China, announced today that the company won the Best Company in Chinese Entrepreneurial SME Business Development Marketing at the 2014 Chinese e-Commerce Industry Gateway Conference. >>> FULL PR

PBR Options Trading Idea

Also, for a quick options trading idea to kick off the new week, we have possible interest in the October 3rd $16 Call, which closed at 1.29 on Friday.

Extended Watchlist:
TATT, DSS, RSH, CLX

Blue Horseshoe Stocks: Alibaba IPO, VVUS Recap

Alibaba Group Holding Ltd. BABA – IPO

Along with multitudes of excited onlookers today, we are going to be spending the second-to-last trading session of Summer 2014 with a large part of our focus on the much-anticipated Alibaba IPO. It certainly has been a summer of unusually many tech IPO’s; we saw companies like Mobileye (MBLY) and GoPro (GPRO) go public, and now the biggest one of them all (of all time, actually) BABA is sure to make its mark.

Where there’s a huge IPO concerned, there’s a huge amount of hype, and with huge hype comes the potential for rapid profits… Of course, wherever there’s a chance for rapid gains to be made, we’ll be right there!

Folks interested in more of a long-term relationship with the stock are liking BABA for simple yet powerful reasons; Alibaba is rapidly growing, already profitable, and has more than an 80% market share of Chinese ecommerce, a market that includes hundreds of millions of potential customers, and a lot of free cashflow to throw around. For many investors, those points will be all they need to know.

For those who like to have a bit more to go on, the numbers are certainly impressive. With an annual customer base of over 270M active consumers, yearly orders totaling roughly $14.5B, and total sales of almost $300B, the new kid on the block is also going to be the big kid on the block! The twenty-teens have brought many of the most exciting tech IPO’s of all-time, and this one could just be the most tantalizing of all.

VIVUS, Inc. VVUS

From off of our extended watchlist in yesterday’s pre-market report, VVUS had a pretty solid session. It saw a low of 4.21 in the morning before running as high as 4.82 in the afternoon, and in doing so, recorded volume on the order of more than 24x the one-month average. That was an intraday run of roughly 14.5%

VVUS has been yet another stock that we’ve caught coming off of 52-week lows that has found support and shown us a positive move.