Blue Horseshoe Stocks

ABAT, SOCR, ICLD, FREE & Extended Watchlist

Over the 2+ years since we turned our long-running daily newsletter into the Blue Horseshoe Stocks blog, we have covered an extremely wide pool of stocks. In fact, the number of plays we’ve passed along since the site’s inception is now approaching 1000.(Click here to view the symbol index.) We also have a couple of new plays to add this morning:

Advanced Battery Technologies, Inc. ABAT

ABAT has been on a full-fledged breakout for the past four sessions, and momentum has been building. With volume increasing, and a golden cross setting up on the chart, this is definitely a stock that will be drawing our attention this morning.

Following this monstrous run, in the weeks ahead, we’ll also be on the lookout for a pullback and any eventual bounce opportunities it could afford.

Solpower Corp. SOCR

SOCR seemed to awake from hibernation yesterday as it traded up on light volume, causing it to pop up on our unusual activity scanner. We’re going to want to keep this one on our radar moving forward.

FreeSeas, Inc. FREE

After re-alerting FREE as it was coming off of a bottom, the stock continued its progress, opening up at .36 and trading as high as .4048 on greater-than average volume. That marks an intraday gain of roughly 12.5%

As is the case with all stocks on the rebound, we are looking to see higher highs and higher lows posted on the chart.

Just prior to this stock’s last major run, we called out resistance in the .33-.38 area, the breaking of which led to serious gains. Those levels have been breached again, so FREE now has us back on high alert.

InterCloud Systems, Inc. ICLD

After having been as low as 4.41 following our initial alert of ICLD on Friday morning, and as low as 8.67 following our Friday afternoon update, the stock continued to roll on Monday. We saw a high of 16.69, which could have provided gains of up to 278% for those that caught the first alert, 93% following the second.

Congrats to anyone who has been able to ride the waves of gains that ICLD has provided over just a few short days.

Extended Watchlist:
HZNP, IPCI, SPEX, OMER, NSYS, MNTG, EVOK

ICLD, PGCX, FREE & Extended Watchlist

InterCloud Systems, Inc. ICLD

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ICLD appeared in Friday morning’s extended watchlist, and by the time we sent out an afternoon update, had already impressed with a 97% gain from 4.41 to 8.67. The stock’s continued momentum would carry it even further, reaching a daily high of 10.35, a total possible gain of 135% off of the morning low. All that on nearly 58X the 3mo. average volume.

It appears as if further gains will be added to that figure today, with the stock gapping up into the 13.00-range this morning.

The catalyst for this monstrous move from ICLD appears to be extremely improved 3rd quarter figures over the same period last year. Announced on Thursday, highlights include a revenue increase of nearly 450% and gross profits nearly 5x that of the previous year. >>> Read 3rd Quarter Results

Virtual Sourcing, Inc. PGCX

PGCX, a stock that provided us with an intraday gain of 26% on Friday, bouncing to a high of .1225, closed one tick under that mark at .1224. We still have our eye PGCX today as the company has announced the completion of an important step along the way to a planned exchange uplisting. The full press release is included below:

WASHINGTON, DC, Nov 18, 2013 (Marketwired via COMTEX) — Virtual Sourcing, Inc. (OTC Pink: PGCX) has received an increase to $25 million in acquisition financing in preparation for additional acquisitions currently being reviewed. Our capital formation agreement for acquisitions and operational funding remains at $25 million bringing our current total engagement package to $50,000,000.

We are expecting to close the initial acquisition in mid-December. Our auditors are continuing to work diligently with the expectation of releasing the audit report near the end of the first week of December 2013 allowing us to close the transaction shortly thereafter.

Discussions have been held on the need to increase the capital formation package. These discussions indicate that it is likely the capital formation engagement would be increased to at least sufficient funds to complete the second acquisition in Spring 2014. The requirement to close the second acquisition would cause the capital formation package to rise to approximately $75 million meeting our total funding needs of $100,000,000 to complete both acquisitions plus supply funding for product expansion and operations.

We are developing an initiative to reach institutional investors and the brokerage community. The initiative will have a full launch in January 2014 with site visits to several locations. This project is the next primary step to raising our share prices to the sustainable level required to meet the qualifications for acceptance to the AMEX/NYSE stock exchange.

FreeSeas, Inc. FREE

Beginning on September 10th, FREE began a monumental 320% run for us, going from a low of .2213 all the way up to .9287. In the weeks that have followed the stock has been searching out support, finally finding its bottom just below .30.

On Friday, the stock closed near the high of day, and this morning we are seeing a slight gap-up, so we now have FREE on rebound-watch. Regaining even a fraction of September highs would mean significant gains from current levels.

Extended Watchlist:
BSPM,CTIC, CPRX, OTIV, OXBT, SNTA, FNMA, FMCC

Blue Horseshoe Stocks: Afternoon Updates

Virtual Sourcing, Inc. PGCX

Each time PGCX has bounced in recent weeks, it has achieved higher lows with each following cycle. That trend continued today, with the lowest trade going off at .097, and currently, the stock is trading at its high of day, .1225, a 26% intraday increase.

This morning we mentioned that we were curious to see how high this bounce would be, and we’re still interested in finding out. This could very well be a play that we follow into next week.

Extended Watchlist Winners

InterCloud Systems, Inc. ICLD

ICLD jumped off of our watchlist this morning, having already given folks an opportunity at gains in excess of 97% from 4.41 to 8.67.

Fonar Corp. FONR

FONR has also turned in a decent performance thus far, trading in a range from 13.14 to 15.48, a possible gain of up to 18%

These, as well as several of our other mentions from this morning (FNMA, FMCC, PLUG, QCOM) are faring extremely well today. We’re wrapping up another solid week of trading, and hope to see you all back here Monday morning when we’ll do it all over again!

PLUG, YRCW, VNDA, PCGX, FNMA, FMCC & Extended Watchlist

Plug Power, Inc. PLUG
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PLUG continues to be a winner for us, seemingly, every time we mention it in one of our reports. Yesterday, we were anticipating a potentially profitable session based on observed indicators on the chart, and once again our timing proved to be extremely accurate.After touching a low of .58 early in the day, PLUG would climb for the rest of the session, closing at its high-of-day, .67. That represents a solid 16% increase on slightly less than twice the 3mo. average volume. With a head of steam like that building, we’ll be sure to continue monitoring PLUG today.

YRC Worldwide, Inc. YRCW

On Wednesday, YRCW appeared in our extended watchlist as a play that was gapping down, noting that we were on the lookout for a reversal. That’s just what happened, as we observed a 13% intraday move from the stock on that day. We continued to monitor YRCW yesterday and were once again met with positive results.

Trading in a daily range from a low of 7.51, YRCW was up as high as 8.699, marking a 16% intraday gain.

Vanda Pharmaceuticals, Inc. VNDA

After an appearance in Tuesday’s extended watchlist, and a feature in Wednesday’s report, wherein we were expecting FDA-related news from VNDA regarding a New Drug Application. The result was so highly-anticipated that it warranted NASDAQ to halt the stock on Thursday.

The FDA committee indeed met and are recommending approval of the company’s drug “tasimelteon, proposed tradename HETLIOZ(TM), for the treatment of Non-24-Hour Disorder (Non-24) in the totally blind.” Non-24 is

As expected, the stock has resumed trading today and is gapping up this morning, with trades going off in the 14.60-16.50 range. This is already a substantial increase from our initial alert price at 11.07, and with positively-charged FDA news hot off the presses, profit margins could very well expand even further.

Virtual Sourcing, Inc. PGCX

Our timing was just a little bit early in our October 24th mention of PGCX. We were looking out for a bottom that would take until early last week to occur. However, when it did, it bounced off of support at .08, and subsequently made a 100% rip to .16.

The stock caught our eye yesterday, as it appeared to be searching out support once again, and found it at .09. We are curious to see how high the resulting bounce here could be in comparison to the one we observed previously.

Fannie Mae FNMA
& Freddie Mac FMCC

We follow this mortgage lending pair fairly regularly, and began re-introducing them onto our main watchlist on October 24th. At the time FNMA was trading as low as 1.86, and FMCC at 1.69. Each has been on a steady increase since that time, with Fannie hitting a high of 3.08, and Freddie, 2.90. Both show no signs of relenting today, and are gapping up in premarket trading. (FNMA last traded at 3.42, FMCC at 3.30)

Some of you might remember the gains amounting to 350% we saw from these play earlier this year, so if past results are any indication of what we can expect from these two moving forward, we could be in for yet another wild ride at their expense.

Extended Watchlist:
CTIC, ICLD, FENG, SKBI, FONR, NOK, QCOM

NURO, YRCW, PLUG & Extended Watchlist

NeuroMetrix, Inc. NURO
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A selection from yesterday’s extended watchlist, NURO put up quite the performance. The stock hit its low of 2.23 early on in the session and ran into the close, touching 2.81 (+26%) before finishing out the afternoon strong at 2.79.

Any time a stock ends on a high note, its always a good idea to stay tuned into its activity the following day. NURO is up in pre-market trading, making it a candidate to continue its run today.

YRC Worldwide, Inc. YRCW

Yesterday morning’s report mentioned that we were on the lookout for a reversal from YRCW, which had gapped down heavily from the previous session. The stock did indeed rebound off of its low of 7.06, bouncing as high as 7.96. That was good for a 13% intraday gain.

Plug Power, Inc. PLUG

We first mentioned PLUG back on February 15th. The stock traded as low as .1155 following that initial alert, and subsequently reached a high of .80 (09/10), representing an overall move of 593%.

Following that monster run we recently saw a consolidation to last week’s low of .45, and since that time has displayed noticeable signs of recovery. We are back to paying close attention here as PLUG has passed its 50DMA in premarket trading, and the MACD is on the cusp of a bullish cross. The RSI is also coming off of being oversold, and is pointing North in apparent preparation to break the 50-line.

Regaining even a portion the ground leading up to its September highs would mean significant gains out of PLUG.

Extended Watchlist:
FNMA, FMMC, OXBT, OCZ, CREG, YUME, BORN