Blue Horseshoe Stocks

Blue Horseshoe Stocks: ACHN, PBR & Extended Watchlist

Petroleo Brasiliero S.A. (Petrobras) PBR

PBR had another solid day yesterday, dipping below $15 only briefly where it found support at 14.88 before going on to push its upper limits over the course of the session, acvhieving a new high for us at 15.34.

All of the options contracts that we’ve been monitoring on PBR served up chances to gain a significant amount as the stock continued to bull its way north.

Even our longer-term idea, the 07/19 $15 Calls we’ve been tracking since last week from a low of .25 has already given us the triple-bagger we suggested it might in last Wednesday’s report. They closed out the day at .88, an overall move of 252% and it would appear they want to gap up along with PBR stock this morning, so we expect that figure to increase even further.

PBR has come a long way since we caught it coming off of 10-year lows back on March 21st. The stock itself has regained a lot of ground, coming from our observed low of 11.25 all the way up to current levels above $15. As we stated yesterday, if PBR has a tough time breaking through resistance at its previous swing high of 15.85, we’ll start to think about taking profits off of the table.

Achillion Pharmaceuticals, Inc. ACHN

We have to begin this morning by congratulating any of our readers who picked up on our coverage of ACHN yesterday, which allowed us the chance to make sizable gains for the second day in a row.

The stock gapped up as it did on Monday and continued to roll, trading in a range from 6.02 to 7.81 on the day, giving traders the opportunity to pocket close to 30% in profits intraday on inordinately high volume (To the tune of more than 22x the 3-month average).

From the low of 3.72 that we observed on Monday, the stock has already made a fantastic 110% move to the upside over the span of just two sessions.

The company put more news out this morning as well:

NEW HAVEN, Jun 11, 2014 (GLOBE NEWSWIRE via COMTEX) — Achillion Pharmaceuticals, Inc. (Nasdaq:ACHN) announced today that members of the senior management team will present a corporate overview at two upcoming investor conferences:– 2014 Wells Fargo Healthcare Conference on Wednesday, June 18, 2014 at 1:15 p.m. ET at the InterContinental Hotel in Boston, MA; and– JMP Health Care Conference 2014 on Tuesday, June 24, 2014 at 11:00 a.m. ET at the Westin New York Grand Central Hotel in New York, NY.

The live audio and subsequent archived webcasts of the Company’s presentations will be accessible from the Company’s investor relations website, http://ir.achillion.com.

Extended Watchlist:
NWBO, NAVB, BIOF, PEIX, END, XXII

Blue Horseshoe Stocks: PBR, ACHN, TMSH & More

Petroleo Brasiliero S.A. (Petrobras) PBR

We’ll kick things off this morning with PBR once again, as the stock had another banner day and behaved very much like we suggested it might. Yesterday we mentioned that the PBR chart was looking ripe for further northward movement and that’s just what we got.

The stock itself broke back over $15, which led to some prime opportunities in each and every set of options contracts that we outlined in our morning report. We said we’d be looking at Weekly Calls from $14-$15 for quick-flip intraday opportunities, and they all offered up some serious gains.

The $14 Calls traded from .74 to as high as 1.09, a chance for traders to score up to 47% in profits. The $14.50’s made a nice move up from .34 to .75, good for a nice double-bagger and more at +120% The $15’s fared extremely well also, running a whopping 290% from .11 up to .43.

Even our contracts of longer-term interest, the 07/19 $15 Calls (which we caught at a low of .25) made a solid intraday move from .54-.84, a highly respectable 55% increase.

All in all, for options traders, PBR was a paradise on Monday, and we’ll be continuously monitoring the situation as the week progresses. Major areas of resistance appear on the chart at 15.50 and 15.85, so failure to pierce through that channel would certainly be a signal to us to take profits off of the table. In order to keep our interest levels high, PBR will need to maintain support above the 15-dollar mark.

Achillion Pharmaceuticals, Inc. ACHN

Appearing in yesterday’s extended watchlist, ACHN was another play with potential to start off a new week. After a significant morning gap-up, the stock would touch a low of 3.72 before running as high as 4.82, an intraday move of 30%

This morning the company came with a well-timed release concerning its Hep-C drug, and the stock continues to blow its top. The high this morning in premarket trading is 6.47, making ACHN one that we’ll definitely be interested to follow. Per this morning’s PR, there’s a timeline for the testing of this drug leading all the way up to the end of the year, so we’ll stick ACHN on our longer-term radar as well.

NEW HAVEN, Jun 10, 2014 (GLOBE NEWSWIRE via COMTEX) — Initial cohort of HCV-infected patients begin dosing with ACH-3422 for seven days. Clinical trials may continue evaluating 200 mg of sovaprevir for HCV-infected patients. Timelines for reporting proof-of-concept results with ACH-3422, a proprietary uridine-analog nucleotide polymerase inhibitor, during the fall of 2014 and initiating all-oral combination studies by the end of 2014 remain on track >>> FULL PR

TransGlobal Assets, Inc. TMSH

We’ve been following TMSH since last week, and have not been disappointed. The stock has played out a textbook dip-and-rip scenario for the last three sessions straight, offering up many opportunities to make gains.

Yesterday, it came down as low as .0079 before ripping its way up to .0128, a healthy intraday increase of 62% Provided it continues to trade in this manner, we’ll be looking to take advantage of any similar swings to the ones we’ve seen already. We want to see it make higher lows, and break through the channel of resistance between the previous two sessions’ swing highs (.0128-.0139).

Side Note:

Even with so much else to talk about today, we can’t forget about another cash cow in Apple. AAPL Calls have been providing us with some excellent opportunities in recent weeks as well, and we’re still highly attuned to that situation as well.

Extended Watchlist:
DNAX, SPEX, AVNR, SGMS, ATEA, TPLM, KNDI

Blue Horseshoe Stocks: PBR Update & More

Petroleo Brasiliero S.A. (Petrobras) PBR When we touched base with PBR on Wednesday morning, we mentioned that we were expecting some opportunities to come our way provided that the stock could hold support at or above its 200DMA (13.69).

We also showed interest in the July 19th $15 Calls, which, leading up to that point, had been trading in the .30-.38 range, and even ventured so far as to say that a double or triple could be possible. That move came rather quickly over the remainder of the trading week, as those contracts dipped as low as .25, and by the end of the day on Friday had come all the way back to close at .61.

For us, that represented an excellent three-session move, allowing gains of up to 144% for options traders. The stock itself made a modest move up also, to the tune of 8% from 13.62 to 14.77.

The PBR chart is still looking quite ripe, with several bullish indicators catching our attention. The RSI is strengthening rapidly, there appears to be a MACD cross in the making, and provided the stock can maintain support at or above the channel between the 50DMA of 14.19 and Friday’s swing low of 14.32, we like the chances of seeing even more gains from PBR.

For intraday/intraweek flip opportunities, we can look into the $14-$15 Weekly Calls, but granted the overall trend continues, a longer-term play will continue to be the 07/19 $15’s, which as we said, have already afforded us a double-bagger.

Shamika 2 Gold, Inc. SHMX

On Thursday, we added SHMX to the mix as a sub-penny play that had struck us as having some potential. As with the majority of stocks trading in the triple-zero range, SHMX is susceptible to rapid swings in price, and we saw that first hand as we closed out the week. On Friday, the stock saw a low of .0003, and a subsequent upswing to its closing price of .0005.

That made it possible for traders to nab a quick profit of 67% We always want to be extremely cautious when dealing with volatile plays in this price range, as they are not for the faint-hearted. Quick-strike trades are the order of the day, and for more skilled traders, proper timing of each dip and rip can lead to gains really piling up.

Extended Watchlist:
TMSH, TBEV, IDIX, ACHN, SQNM, DRL, PGNX, PFIE, LIVE

Blue Horseshoe Stocks: AAPL, TMSH

Apple, Inc. AAPL

AAPL has been very good to us recently as the stock pushes ever-higher. The last (and only) time AAPL has ever been this highly valued was back in late 2012. We’ve squeezed a lot of life out of AAPL Calls, and should the current trend continue, this may only be the beginning.

During yesterday’s session AAPL surged as high as 649.3699, just shy of a big psychological barrier. If we can see a break of that $650-mark, we could easily see another 10-point day from Apple. Failure to crack through that mark may result in a consolidation, but nothing of what we’ve seen from this stock lately suggests that the party’s over.

We’ve still got our eyes on the Call side of the options chain as we cruise into the weekend; and as you know, AAPL will undergo a 7-for-1 forward split effective on Monday, greatly increasing its number of shares. It is thought that the calculated move will make the stock accessible to more investors, and we expect AAPL to be trading just under $100 following the split, so that could very well be the case.

We’ll see where it lands, and our strategies will be very much the same as they are now, just at lower prices. We also have the launch of the new iPhone to look forward to, although there’s no concrete date on that yet. Speculation over its new features is something we expect to continue driving up the stock’s value until the product is launched.

All in all, this summer could be a big one for Apple, and we’ll be following along every step of the way, using options to leverage big gains for ourselves as we’ve done so many times in the past.

TransGlobal Assets, Inc. TMSH

On Wednesday, we tagged TMSH in our extended watchlist, and we were glad to have done so. The stock has provided us with a nice 50% move from .006-.009 this week. As you can see on the chart below, there are a lot of positives, including an impending golden cross, so we’re still going to be very interested to see what can happen with this play moving forward.

The key resistance area is yesterday high at the .009-mark, and a break of that level would send us into Blue Sky Breakout mode, so we want to keep a close watch on TMSH heading into next week.

Extended Watchlist:
RMGN, NIHD, BDSI, HKTV, FRO

Blue Horseshoe Stocks: Afternoon Update – 06/05/14

Alliance Creative Group, Inc. ACGX

We’re sending out an update this afternoon on ACGX to pass along this morning’s PR, as well as to remind everyone to check out some info on the 1st Annual WeedStock Conference in Denver, CO coming up at the end of the month, where ACGX will be one of the presenting companies.

Many of the companies in the cannabis sector whose stocks we followed to enormous gains earlier this year will be in attendance, so the conference should give Alliance a great chance to make some meaningful connections with potential clients that operate in a new and exciting space.

We will also have representatives at the conference, so when the time comes, we’ll be sure to give our readers the full report! Read up on the 1st Annual WeedStock Conference at its official website, WeedStockConference.com

If you recall, our anticipation of the beginning of legal marijuana sales in Washington slated for July, is that it should generate more interest in cannabis in general, both in terms of investing and legislation (as we all know, the two are often inexorably linked). Colorado, acting as the national litmus test, has proved that not only is legalized recreational marijuana a great way to pull in tons of tax revenue, but it also had no effect on crime rates, as many opponents of the measure suspected it might. A set of similar results in Washington could press even more states to consider changing their own prohibition laws.

This morning’s ACGX PR:

CHICAGO, IL–(Marketwired – June 05, 2014) – Approximately 1.53 Billion Total Shares Shorted Since November 2010 – Short Squeeze Has Begun As Stock Crosses Above $.00444 SqueezeTrigger Price

Alliance Creative Group (ACGX) announces that BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has updated coverage on Alliance Creative Group after releasing the latest short sale data through June 4, 2014. >>>FULL PR

Visit ACGX at AllianceCreativeGroup.com