Blue Horseshoe Stocks

Blue Horseshoe Stocks: BZCN Report

BizAuctions, Inc. BZCN

Our point of focus this morning is BZCN, a stock whose potential we like for various reasons.

Currently the main business of BizAuctions involves the provision commercial liquidation services for excess inventory, overstock items, returns, etc. However, the company has made clear its intent to shift gears with regard to its business model.

One of the changes BZCN hopes to implement is a big item on the list of why we think this play has potential; per a recent press statement, it was noted that the company had retained legal counsel based out of Colorado to explore opportunities available to it in the burgeoning cannabis industry. We’d love nothing more than to have another marijuana-related stock to add to our expansive watchlist.

Apart from its unrealized aspirations, there is gathering evidence that shows BZCN‘s management has been making real strides toward getting the company’s affairs in order, beginning with the recent cleaning up of its standing with OTC Markets. BZCN submitted the necessary information to move up from Limited to Current Status.

Along with coming current with its reporting, BZCN recently announced a huge reduction in authorized common stock from 20 Billion to 2 Billion, which took effect on July 7th. It’s always promising when a company makes moves to clean up its share structure.

Also intriguing is the current setup of the BZCN chart. We’ve got an RSI that has just got above the 50-line, and the PPS has broken above the 50DMA. The MACD is pinching toward a bullish cross, and accumulation/distribution is starting to pick up.

You can also take a look at the video chart on BZCN that we prepared this morning:

There’s also a new PR out this morning that you’ll want to read over:

LAS VEGAS, NV / ACCESSWIRE / July 15, 2014 / BizAuctions, (OTC Pink: BZCN), The Company has signed a one (1) year lease on office space and is in the process of opening an office in Centennial, Colorado in Arapaho County. This new location will place the Company in close proximity to the epicenter of the Medical-Recreational Marijuana Industry. >>> READ FULL PR

Be sure to stay closely tuned in to further reports this week; we’ve got a couple of repeat plays coming up that have done well for us in the past. It should make for some exciting trading action, so stay glued to those inboxes!

Blue Horseshoe Stocks: APP, Social Media Updates & More

American Apparel, Inc. APP

As tends to happen each year, we’ve honed back in on APP at an opportune time. After seeing a low of .51 as recently as June 24th, this past Thursday saw this stock push past the dollar-mark. After another solid session on Friday wherein the stock reached as high as a 1.20, it appears as if APP wants to gap up once again this morning, touching 1.27 in pre-market trading. At that price, we’ve seen an overall move of 149% from this play in just three weeks.

There’s a chance that we could see a slight consolidation to fill the gap on the chart left on Friday (1.05-1.08) in which case we’d need to see APP hold support at or above the 1.05-mark. The chart still appears ripe, however, so it will interesting to see how this play kicks off a new trading week.

Twitter, Inc. TWTR
& Facebook, Inc. FB

Social media giants TWTR and FB began to heat up last week, as anticipation of upcoming earning releases has ramped up, and both stocks seem to be gapping up in early trading this morning. We’ve done very well for ourselves trading options contracts on each of these plays, and will be looking for more of the same as these current uptrends play out.

As far as TWTR is concerned, the next key resistance is sitting at 42.50, and our current scope of interest in Call options rests in the $39-$41 range. Should TWTR gain further ground as trading opens up for the week, those contracts could see an appreciable rise in value in just a short time. (Earnings Release Date: 07/29)

FB’s key area of resistance is around 68.50, and we’re interested in Calls at the $67-69 level. FB earnings will come sooner that TWTR’s by almost a week, with the announcement just 9 days away, so we’ll really want to keep a close eye on the action here. (Earnings Release Date: 07/23)

Solar Wind Energy Tower, Inc. SWET

SWET first appeared in our reports on June 13th, at which time we designated it a stock that was due for a pop, and that’s exactly what we got out of it. The stock rushed upward from our observed low of .0185 to hit .032 (+73%) a week ago. After a slight consolidation and finding of support at .0226, the stock has begun to inch up toward the .03-mark once again. To get there, we’ll need to see a break of resistance at Friday’s swing high of .0291.

This morning’s news could be of help, with the announcement of up to $100M in additional funding hitting press wires:

Solar Wind Energy Tower, Inc. Agrees to Accept up to $100 Million Additional Financing from Arizona Alternative Energy Center, LLC for San Luis, Arizona Tower

Extended Watchlist:
IMII, KNDI, PGNX, EXEL, JDST, WPCS, CREG, PSTI, ISR

Blue Horseshoe Stocks: The Week in Review

Looking Back on a Stellar Week

We couldn’t have asked for a better week of winning picks, especially coming off of a holiday weekend, so to wrap things up we’re going to go over all of our successful picks, and what kinds of moves they made.

GEI Global Energy Corp. GEIG

Of course the big winner for this week was GEIG, and in fact was one of our most successful picks in quite some time. We initiated coverage of GEIG on Wednesday, the stock opened up and saw a low of .0098 very briefly before exploding to a high of .08, a single-session move of 716% While it’s unlikely that traders could have picked up any of those sub-penny shares, the real action began around .015, still leaving the opportunity at a high number, with gains of up to 433% being very possible. The stock traded record volume.

Camtek, Ltd. CAMT

CAMT came off of Monday’s extended watchlist to perform exceptionally well for us, running from a low of 3.42 to 5.14, a solid 50% gainer on more than 40x its 3-month average volume.

GW Pharmaceuticals, Inc. GWPH

On Tuesday, we were talking about GWPH, stating: “Once we see a solid level of support established and GWPH begins to rebound, then we’ll be able to adjust our options-trading strategies accordingly.” Sure enough, the stock did indeed find solid support at 85.32. We would subsequently see an uptrend carry GWPH as high as 93.97. As a result, the $85 Weekly Calls traded in an impressive range from 4.30 to 9.60, a total possible gain of 123% while the $90 Calls made an even more impressive move. They would run from 1.55-5.69, giving traders a chance at profits up to 267% We’ll continue to watch those weekly contracts today for a possible intraday flip opportunity.

American Apparel, Inc. APP

This spring, we started reminding people that as the retail season approaches, APP is a stock that we traditionally play for nice gains every year. 2014 has proven no different. We saw a low of .51
out of APP on June 24th, and the stock has made more than a 100% move up, touching 1.05 during yesterday’s session. The retail season has yet to even kick into gear, and already we’ve been able to reap some excellent rewards from this retail stock; it will certainly remain on our watchlist as the summer begins to wind down.

Inception Mining, Inc. IMII

We first added IMII to our lists yesterday as a long term-mining play. We wanted the stock to hold support off of the 200DMA, and break resistance at the 50DMA, and that’s just what we got. The stock has made higher lows and higher highs over the past couple of sessions, so it appears we’re off to a great start with this one. On the chart, the RSI cracked above the 50-line, and the MACD is still heading for a bullish cross, so we’re still very interested to see what this play could do in the days and weeks ahead.

Extended Watchlist:
HALO, DGLY, JOEZ, EVRY, PBR

Blue Horseshoe Stocks: Long-Term Mining Pick – IMII

Inception Mining, Inc. IMII

IMII is a new interest of ours which has the dual nature of being a stock with an interesting back story as well as being at a good place on the chart. We take notice when both of these conditions are met simultaneously, so without further ado, we’ll present some of the finer points of this play which we believe has good potential.

IMII draws us to the gold mining & exploration sector after quite some time, and the stakes are higher than ever. Today, where gold is priced at more than $1300/oz and trading just a couple hundred dollars beneath recent all-time highs, speculative plays like these can become winners very quickly.

Additionally, Inception has arranged access for itself to some promising mines in Idaho’s Bitterroot Mountain Range. Extreme advantages of the two 20-acre claims are numerous:

-They are patented claims, so despite the fact that they lie within the boundaries of a National Forest, they are treated as private property, without all the red tape to cut though.

–They are already built out and will require little work to be put back to use. The 2000’+ of tunnels have been closed for the last **75 years** while the land has been held in a family trust. The mine was only heavily worked for thirty years, wherein records indicate it produced more than an ounce of gold per ton of extracted ore.

-Conservative estimates place the potential for recoverable gold remaining on the properties in excess of 250,000oz; worth $300-325M on today’s market.

-Inception has secured lease grounds covering all properties necessary for access roads into the U.P. and Burlington claims, which will ensure uninterrupted access.

These factors regarding its primary project combine to make IMII a speculative mining play that we are going to want to keep on our radars moving forward. Should the company begin producing at the expected rate once the claims are operating at full capacity, we could see a serious increase in valuation.

The current IMII chart is awakening after recently bouncing off of a bottom, and even here around the 1.00-mark, we can see significant upside potential. The RSI is cruising steadily toward a breach of the 50-line, while the MACD shows an inkling to execute a bullish cross in the near future. Currently a key area of resistance sits at the 50DMA of 1.04. A break past that point could lead to solid gains, so we’ll have to watch closely.

You can also look at the short video chart we’ve prepared:

FIND MORE INFO on IMII @
www.inceptionmining.com

Blue Horseshoe Stocks: Midday Update on GEIG

AFTERNOON UPDATE:
GEI Global Energy Corp. GEIG

We had to send out our readers a quick congratulations this midday on the heels of an epic performance from GEIG following this morning’s pre-market alert. Our closing words in that report told the tale: “Should GEIG break key resistance (.0126), we could be looking at exponential gains from this stock.”

The chances for profits came quick and plentiful right out of the gate, starting at a low of .0098. It very quickly surged through that key resistance that we had pointed out on the chart and barreled its way up to an impressive high of .0349 on well over eleven times its 3-month average volume inside of the first hour.

That monstrous move was good for intraday gains of up to 256%, but even if folks waited for the key resistance to be broken before pulling the trigger, gains of more than 100% were still possible. Thus, we say cheers to any and all who were able to take advantage of this morning’s timely alert on GEIG!

With the way things have started off with GEIG, we definitely want to continue to keep an eye on it. Even after the main thrust of this morning’s spike had passed, the stock tapered back and found support at .015 before bouncing back to .029, so with this type of trading action we’ll be watching closely for further chances to gain.

Once again, if you’d like to learn more about the company, visit www.geiglobal.com