Blue Horseshoe Stocks

Blue Horseshoe Stocks: VNDA, NQ & More

NQ Mobile, Inc. NQ

Yesterday, we pointed out all the reasons why we felt that NQ was in a good position to make a run, and we certainly hope folks took it to heart, because the stock followed it up with an solid session.

We first observed a morning low of 9.40, and NQ subsequently made a healthy move to a high of 10.85 on the afternoon, which was good for an intraday gain of 15%

On the options side of things, the $10 Calls dipped as low as .35, and went on to trade as high as a 1.00. This provides a good example of why we’ve gotten more and more into trading options on big board plays. Even just a modest move on the chart can translate into huge gains on the right contracts.

NQ is gapping up to the tune of another 5% this morning, so we’ll continue to keep an eye on things as we head into week’s end.

So far, from the low we observed following our tag of NQ toward the end of last month (6.25) we’ve seen gains on the order of 77%

Vanda Pharmaceuticals, Inc. VNDA

VNDA was another NASDAQ-listed stock that appeared in yesterday’s report on the Extended Watchlist. It would trade in a range from 11.00-12.99, an 18% increase. Another modest move compared to what we’re accustomed to with the pennies, but coming from a big board play, 18% in a single afternoon is very impressive.

Like NQ, VNDA was trading near a relative bottom when we passed it along to readers, and with this new-found momentum, it will be interesting to see what happens next.

Whether or not VNDA can crack through its 50DMA (13.04) is going to be the deciding factor as to whether there’s more upside here. Yesterday’s high came in just shy of that mark, so we’ve got some resistance to contend with, but we’ll certainly be monitoring very closely for a break of that level on the chart.

Shamika 2 Gold, Inc. SHMX

SHMX is a sub-penny breakout play that we want to add to our radar this morning. Yesterday the stock traded 9x its 3-month average volume, and traded in a range from .0003-.0006. It always a good idea to be cautious when dealing with these triple-zero stocks, but as most of you know, when the potential risk is high, the potential rewards can be even higher.

We’re going to monitor this play for further activity, more specifically, a potential dip-and-rip. Should SHMX taper off and pull back, that’s where we’ll be waiting to strike. Correctly timing the bottom on one of these super–subpenny stocks can treat traders to a heck of a bounceplay as we’ve seen so many times in the past.

Side Note: AAPL Options

AAPL continued to break out yesterday past last week’s swing high of 644.17. Remember, on Monday we reminded everyone that the AAPL options chain was a good candidate to provide us with opportunities over the course of the week, and that has certainly been true thus far. The $640 Calls were as cheap as 1.35 on that day, and by yesterday, they were going for as much as 9.50.

Huge moves like that have almost become commonplace, as we’ve tracked AAPL through a more-than 100-dollar increase in just the past couple of months.

Extended Watchlist:
NEWL, S, HALO, AXAS, GIGA, BBRY

Blue Horseshoe Stocks: PBR, NQ & Extended Watchlist

Petroleo Brasiliero (Petrobras) PBR

PBR, which did so well for us earlier this year, is a point of focus for us once again. Since the huge gains the stock afforded us from March-May, it has consolidated a bit, and bounced off the 200DMA (Currently 13.69). We are turning our attention to PBR once again, because we want to be ready when the next upswing comes into effect.

We’d like to see support hold off of the 200DMA, and for the stock to make higher highs and higher lows to confirm the trend. When that occurs, we’ll be turning to the options chain as we did this spring, and presently, we have our eyes on the 07/19 $15 Calls, which as of yesterday were trading in the .30-.38 range.

In the event that the stock tests its recent swing high of 15.85 by the expiration date, it could spell a double or triple for those contracts, so we’ll really want to keep a close watch.

NQ Mobile, Inc. NQ

We’ve been tracking NQ this week; including the play in Monday’s Extended Watchlist, and this morning, we are seeing some serious pre-market activity on the stock. It is coming off of a recent bottom, and has already begun to fill one of the gaps on the chart this morning (Up to a high 10.45).

This morning’s announcement is regarding the independent findings of the investigative committee assigned to look into fraud allegations levied against the company in the fall. NQ looks as if it will be cleared of any wrongdoing, and that appears to be contributing to this morning’s spike.

We could be looking into this one at just the right time; in addition to this morning’s good news, the company is also due to release its annual financials, and some positive figures could add even more fuel to the fire. Conditions appear to be reaching an ideal level for us to potentially register some sizable gains with this play.

NQ Mobile Reports on the Special Committee’s Independent Investigation (Wed 8:08AM EDT)

Extended Watchlist:
TMSH, DRWI, ZBB, VNDA, TAST

Blue Horseshoe Stocks: ACGX Update

Alliance Creative Group, Inc. ACGX

We thought today would be a good time to revisit ACGX given the current positioning of the chart. For some of our newer readers; this was a play that has afforded us the chance at some stellar gains over the past couple of months.

Following a huge run to more than a penny back in April, we monitored ACGX for a bottom, which it found at .0035 (May 9th). Since that time, it has made a couple of significant swings, where it has run into some resistance at the .006-.0064 area. We are currently observing another strong move off of its most recent swing-low, with the stock having made higher lows for the past five consecutive sessions.

As you can see on the included chart, ACGX is on the fringe of cracking through its 50DMA, the RSI is about to flip up to the strong side, and the MACD appears to be setting up for a bullish cross. With these factors in alignment, we’re going to want to pay closer attention to ACGX over the course of the week.

Remember, per a recent PR, at the end of the month Alliance will be attending the 1st Annual Weedstock Conference in Denver (June 29-July 1), so we’ll be interested to receive an update on that come July.

More Info:
AllianceCreativeGroup.com

Provectus Biopharmaceuticals, Inc. PVCT

We spotted PVCT on a routine scan this morning, and wanted to include it given the current situation. The stock recently became the target of an upcoming class action lawsuit, and was actually halted on May 23rd. this led to a major selloff when trading resumed, triggering a gap-down.

It appears as if the firm handling suit has another couple of months to pull together plaintiffs for the case, so we’ll be long gone by the time that comes around. We are interested in PVCT purely for the potential for quick-strike opportunities as it corrects itself off of its recent lows in the .30-.70 range.

The re-filling of even a fraction of the gap on the chart could mean rapid profits for us, so we’ll be keeping an eye on this stock over the next few sessions.

Extended Watchlist:
IAG, DARA, SPEX, FREE, RNA, PBR

Blue Horseshoe Stocks: AAPL & ORFG Updates, Extended Watchlist

AAPL Options

At the risk of starting to sound like a broken record, anyone who was into the AAPL Calls that we were monitoring last week would have had a smile on their faces on Friday.

AAPL pushed its way up to highs over $644, which sent all the contracts that we were looking at into a frenzy; there were so many big gains, we won’t bore you with all of the individual figures, let’s just say that saavy traders could have managed to come away with gains on the order of several hundred percent.

Adding that performance to all of the progress in prior sessions, and AAPL easily qualifies as our biggest potential money-maker over the past few weeks.

Apple’s annual Worldwide Developers Conference begins today, and remember, there’s also a forward split coming, so there’s every chance that we have yet to see what AAPL, and more specifically, AAPL options, can really do for us.

Timeline of the Upcoming Split:

The Record Date – June 2, 2014 – determines which shareholders are entitled to receive additional shares due to the split.

The Split Date – June 6, 2014 – shareholders are due split shares after the close of business on this date.

The Ex Date – June 9, 2014 – the date determined by NASDAQ when Apple common shares will trade at the new split-adjusted price.

Orofino Gold Corp. ORFG

Our other interest from Friday also made some progress; ORFG registered higher lows and higher highs for the third consecutive day. We picked up on this play Thursday, and would observe a low of .0175 at that time. On Friday the stock pushed as high .0255, which marked a nice 46% move over the span of just two sessions.

The chart is still looking pretty ripe, as we’ve pointed out below. If ORFG can break through the channel of resistance in the .026 to .03, we could be looking at even bigger gains, so we’ll be staying tuned.

Extended Watchlist:
ARIA, HCT, IMUC, NEWL, NQ, INO, DARA(Still on Bottom Watch)

Blue Horseshoe Stocks: AAPL, ORFG Updates & Extended Watchlist

Update on AAPL Options

We’ve been tracking AAPL pretty intensively over the past couple of weeks, beginning on the 14th of this month. What has followed has been a very impressive uptrend, as we’ve witnessed a move in the stock from a low of $588 to this morning’s pre-market high of $639; that’s a 50-point move in just a couple of weeks.

Between the Beats rumor, the fact that AAPL has a forward split coming, and the approach of a new iPhone which will reportedly boast a larger screen, it seems there is a lot of speculation in the air, and we’ve done well in using it to our advantage.

Last week, we were afforded the chance at percentage increases in the hundreds and thousands from Calls in the $605-610 range, and with the continued uptrend exhibited by AAPL this week, the opportunities were still ripe for the picking in some of the pricier contracts. For example, the $627.50 Calls ran from a low of 1.97 on Wednesday, to a high 9.80 during yesterday’s session, an overnight gain of up to 397%, and appear to be gapping up even further this morning.

In the event of a sustained uptrend in AAPL, we’ll be monitoring the $635-640 Calls, making sure to keep our strike price relatively close to the money.

Orofino Gold Corp. ORFG

ORFG turned out to be a good call for us as the main feature of yesterday’s report, as the stock came down to a low of .0175 in the morning, before showing us a high .0249 shortly before the close. That equates to a solid 42% intraday gain for this bottom play.

We observed higher highs and higher lows in ORFG, and it managed to maintain well over half of those gains into the close (.0229), so we’ll continue to keep an eye on this play moving forward.

The company signed a couple of LOI’s this month, so we’ll be interested to see how those pan out as well:

Extended Watchlist:
FLST, PLX, OPTT, ARRY, NEWL, DARA(Gapping down, potential bounce?)