Blue Horseshoe Stocks

INO, SUNE & Extended Watchlist

Inovio Pharmaceuticals, Inc. INO
We followed INO through the big spike it had back in late July, and have observed as the stock came back to find a bottom. We’re beginning to see some bounce action as it came down as low as 1.22 on Tuesday, and since then has managed two straight days of higher lows and higher highs.

A return to July’s swing high (3.03) from the current 1.60 range would yield gains approaching 90%

SunEdison, Inc. SUNE
SUNE appeared on yesterday morning’s extended watchlist and went on to have a decent session. The stock saw an increase of 8% from 7.75-8.35.

The stock appears to be gapping up this morning.

Extended Watchlist:
RENN, STXS, PNTR, CLSN, MTPR (Momentum Play)

Afternoon Update: IceWEB, Inc. IWEB

IceWEB, Inc. IWEB

We wanted to send out a midday update for everyone who has been following along with our coverage of IWEB. When we last looked in on IceWEB, they had just secured another cloud storage client, an ACC University which purchased two 32TB IceWEB 2000 2U storage devices.

From where we started back on July 9th, at a low of .023, the stock has traded as high as .042, and through several swings has afforded us the opportunity to attain cumulative gains in the neighborhood of 250%

We’ve commented in the past about the value we see in a company like IWEB that keeps its investors so well informed, and once again, we are not disappointed. An extremely noteworthy PR hit the wires today:

STERLING, Va.–(BUSINESS WIRE)– IceWEB, Inc. – (IWEB), announced today that Sand Hill Finance, LLC has converted the remaining principal balance of $1,642,739 due on its secured convertible debenture into 37,000,000 shares of the common stock of IceWEB, Inc. The conversion price was $0.0444 cents per share, a 38% premium to the recent share price of IceWEB’s common stock.

Mark Lucky, CEO of IceWEB: “Converting the Sand Hill Finance note to equity is a major achievement for IceWEB, and has significantly strengthened our balance sheet and improved our cash flow position. Sand Hill Finance has been a great partner to us over the years, and their conversion of the debt at an above-market price is a reflection of their confidence in the direction of the Company,” >>>FULL STORY

Mr. Lucky said it quite well; the conversion of a significant portion of debt into equity at such high value relative to the current market price gives investors a reason to feel encouraged about the direction in which IceWEB is headed. We’re in full agreement, which is why we’ll continue to follow this up-and-coming cloud services provider.

We’ve continually mentioned that .03 is the key level above which support must hold, and so far, IWEB has done a good job of maintaining. Today the stock hit a high of .038, and has not fallen below .0337. If you refer to chart below, you can see that IWEB has been in a general uptrend for the duration of our attention toward the stock. We’re also going to be on the lookout for an upcoming Golden Cross of the 50 & 200DMA.

BARCHART.COM is giving IWEB high marks, with an Overall “Buy” Rating of 88%
(Including 100% ratings on both medium and long term indicators)

ENTB, BMSN, VELT & Extended Watchlist

Entest BioMedical, Inc. ENTB
&
BioMatrix Scientific Group, Inc. BMSN

We’ve talked about each of these stocks in the past, and wanted to bring them back into the discussion this morning. Both of these subpenny biomed plays has been trading in a sideways channel and have found new levels of support, and we’d like to start monitoring for any signs of increasing volume. In both cases, a relatively small amount of buying pressure could give way to some serious gains.

Earlier this year, ENTB brought us gains in excess of 960% as we called its run from .001 to .0104, and BMSN generated the opportunity at a mind-numbing 5400% in in monstrous spike from .0003 to .0165. Thus we are well aware of each of these stocks capability of making huge moves. We’ll be following closely through the upcoming fall season for any signs of history repeating itself.

Velti Plc. VELT

We added VELT to our watchlists yesterday, stating it was “gapping down to all time lows…” and to “keep on watch for a potential bounce”. We observed the stock fall to a low of .33, and this morning it appears that VELT is gapping up to the tune of 17% It’s possible that this is a signal of the bounce we were looking for, so this one will be near the top of our tickers today.

Extended Watchlist:
VHGI, NPWZ, DRYS, SUNE, CVO, CCCR, CYTK

BBY Options & Extended Watchlist

Best Buy Co, Inc. BBY
Yesterday morning, we mentioned that we would be “monitoring the in-the-money Calls on BBY… with a strike price at $33.50 and below.” It turned out to be a good decision, as the $33.50 08/23 BBY Calls ran hard out of the gate, only to dip to a low of .50 before an afternoon increase to a new high of 1.44, and settling in to close just a few ticks below at 1.42.

Yesterday was proof-positive that strong earnings reports like the one BBY released on Monday are often conducive to generating chances for sizable options-trading gains. The move marked the opportunity for intraday gains of up to 188%

Earnings-release season is winding down for now, but given all of the success we’ve had in situations like the one that presented itself here, we’re sure to be ready and waiting to take full advantage once the next season begins in a few months’ time.

Wild Craze, Inc. WILD
The inevitable end to the recent spike for WILD came yesterday, as the stock tanked back to a low of .32, however, opportunity presented itself once again in the form of a bounce back to .a high of .594.

Our original mention of the stock yielded a possible gain 63% as we saw it move from .35 to .57. Then yesterday’s bounce added a chance at another 52% on top of that, bringing our cumulative gains on WILD so far to as much as 115% In the event we see another pullback, we’ll be keeping our eyes peeled for similar bounce-action to follow.

Extended Watchlist:
EWSI, SGOC, OINK, VELT(Gapping down to all time lows keep on watch for a potential bounce)

WILD, ALVR, EFUT & Extended Watchlist

Wild Craze, Inc. WILD

WILD continues to earn itself top billing in our morning reports with its performance. Since we first mentioned the stock on Thursday,we’ve seen an impressive range from a low of .35 to yesterday’s high of .565, a 61% increase. From yesterday’s low alone (.41), traders could have seen gains of up to 38% Our call earned us an honorable mention on yesterday’s Penny Stock Rumble for high volume.

The stock broke through its previous resistance and closed on a bullish note, just a few ticks below the high-of-day. As you can see on the chart, several factors seem to indicate a stock that still has some room to grow.

Yesterday we stated that we were looking for higher lows and highers highs to remain interested in this play. That’s just what we got, and we’ll be on the lookout for the same thing today. The next key areas of resistance are pointed out below, with the most immediate obstacle at .64.

Watchlist Gainers

We had a pair of winners on yesterday’s Extended Watchlist as well, in the form of EFUT and ALVR.

EFUT ran fast out of the gate, and quick-witted traders could have been in at 4.15 and out at the subsequent 6.00-high for gains of up to 45%

ALVR made an even more impressive move, running 87% intraday from an early morning low of .7311 to the high of 1.37 just prior to lunchtime.

Options Trading Ideas

– Best Buy (BBY) released earnings that exceeded expectations on the Street and is in the process of a pre-market gap-up. As a result, we’ll be monitoring the in-the-money Calls on BBY during today’s session with a strike price at $33.50 and below.

– We’re also still looking at VCLK to continue to recover from a poor earnings report, as we mentioned the $24 09/21 Calls yesterday. These are not especially time sensitive, with an expiration date late next month, so this is more of a longer-term interest that we will be following in the coming weeks.

Extended Watchlist:
VDSC, WPNV, LIME, FRO, COCO, ELTK