Blue Horseshoe Stocks

VDSC, MJNA & Extended Watchlist

ALAS International Holdings, Inc. VDSC

After a slightly rocky start yesterday morning in which it pulled back to .0128, VDSC surged back, gaining 28% as it touched .0164 in the afternoon, and closed with strength near that high of day (.016). We pointed out on the chart yesterday that a Golden Cross was imminent, and that occurred as well.

We are going to be keeping a keen eye on this stock today as well, although it has already seen four consecutive days of gains, so the time for locking in profits could be close-at-hand.

BARCHART.COM is currently giving VDSC an 88% Overall “Buy” Rating

Medical Marijuana, Inc. MJNA

We’ve had this stock on our radar for over a year now. Following an alert on August 9th , it was trading as low as .032. By mid-February, we witnessed a surge to as high as .50, for an overall increase of 1463%!

Since that time, it had been in an overall downtrend until just recently falling back to the twelve-cent range. The stock has now begun to show signs of recovery, and our focus has been drawn back to MJNA due to the current setup on the chart. As we’ve pointed out below, there is a promising look to it, with the MACD having just crossed. We’d like to see it continue to hold support off of the 200DMA and 20DMA (.152 & .189 respectively) and start to push towards that 50DMA at .238.

We also wanted to talk about this old favorite of ours as the company has just released its updated quarterly report which boasts higher-than-projected net income:

Operating highlights of the quarter were as follows:

Expanded its portfolio of innovated cannabinoid based phyto-medical companies with an investment in KannaLife Sciences. KannaLife Sciences, Inc. is a late stage bio-pharmaceutical and phyto-medical company involved in the research and development of novel new therapeutic agents designed to reduce oxidative stress, and act as immuno-modulators and neuroprotectants.

KannaLife Sciences currently holds an exclusive license with National Institutes of Health – Office of Technology Transfer (“NIH-OTT”) for the Commercialization of U.S. Patent 6,630,507 “Cannabinoids as Antioxidants and Neuroprotectants” (the “‘507 Patent”).

Dixie brand received national exposure in Fortune Magazine, Boston Globe, Martha’s Vinyard Times, USA Today, Fast Company, Channel 5 Boston, increasing public awareness for the Company and its brands.

Dixie brand continued product development and captured additional market share. Currently Dixie services an estimated 90% of the addressable market based on the number of available accounts\retail outlets in Colorado.

…More highlights in the Full Report>>

Extended Watchlist:
APDN, EGLE, RGDX, FMCC, FNMA,

Blue Horseshoe Stocks: VDSC & Extended Watchlist

ALAS International Holdings, Inc. VDSC

VDSC appeared on yesterday morning’s extended watchlist, and went on to have one heck of a session. After opening at .0096, the stock surged as high as .0148, for a possible intraday gain of 54% before it receded back to close at .0135. This wasn’t the first time since then that we’ve included VDSC in our extended watchlist. Back on March 11th following a morning alert, the stock was trading as low as .0013, which to yesterday’s high. marks a whopping increase of 1038%

Back in early January the stock made a really impressive move from .0007, to .0093 by the end of the month. We’d like to see that breached resistance level at .0093 hold as future support in the event of a pullback.

Options Trading
We also have FSLR $55 Calls on our radar this morning. They closed at .29 yesterday. We expect the stock to gap up this morning, at which time we will be looking for a dip-and-rip scenario.

Extended Watchlist:
AEGY, CHCI, DVR, FNMA, FMCC, ALXA,

Blue Horseshoe Stocks: CETV, HIDC

Central European Media Enterprises Ltd. CETV

CETV came to our attention on Friday as a part of a scan we conducted for companies with a recent Form 4 filing. We mentioned that the insider, who purchased nearly $75M in CETV stock at 2.75/share, in this case was Time Warner, and how interested we were to continue to follow that storyline.

After trading as low as 2.67 on Friday, we are seeing pre-market trades this morning taking CETV as high as 2.95. A pretty good start, although we are currently viewing this as a longer-term play. We will continue to monitor this stock for the foreseeable future.

Harbor Island Development Corp. HIDC

This momentum play just broke out of a sideways channel and came off of its bottom, so we thought we’d pass it along this morning. HIDC broke through its 10DMA yesterday at .006, and we’d like to see that hold as support. The next resistance is at the 20DMA of .016. As you can see on the included chart below, the stock is coming off of being oversold, so we want to monitor carefully for a continuation of the recovery which began yesterday.

Extended Watchlist:
STWG, VDSC, ECTY, PDII, AMD,

ACCS, XNRG & Form 4 Watchlist

Form 4 Watchlist

Out of eleven stocks (NBS, ETRM, EVC, GLDD, CPSS, GGS, JRN, USU, RWC, IDRA, GTE, WELX) from our Form 4 watchlist presented in Friday’s report, eight ended the day in the green, shown below in the post-market screenshot of the tracker on our blog.

Those are good figures for a single trading day, and it will be interesting to see how many continue their uptrends from Friday. We are going to want to remain watchful over these as we begin this new trading week.

African Copper Corp. ACCS

We called ACCS a momentum play on Friday morning, and it did go on to have a good session, trading near-record volume. Opening up at .15, the stock hit a subsequent high of .25, for a 67% intraday move, before dipping to .21, then bouncing back to .24. We then saw the stock pull back to find support in the mid-teens, and basically close out the day flat at .15.

In order to keep our interest, ACCS will need to hold support here at the .14-.15 level moving forward. It will be interesting to see if the high volume from Friday spills over into today’s session.

Xun Energy, Inc. XNRG

XNRG traded record volume on Friday, with more shares (10.6M) changing hands than on Wednesday and Thursday combined. Our timing was perfect on this stock, alerting it as a potential bounceplay, and it has certainly fit that bill thus far. Trading as low as .0055 Thursday, the stock went on to hit .0092 on Friday, a possible gain of 67%.

News Out Today:

PORTLAND, OR, May 13, 2013 (Marketwired via COMTEX) — Xun Energy, Inc. (OTCBB: XNRG) (XNRG) announced that the Company engaged RMJ Consulting LLC on May 1, 2013 to provide investor relations and consulting services. RMJ Consulting will assist XNRG with its efforts to enhance investor awareness, including but not limited to expanding its shareholder base, corporate communications and overall shareholder support. The initial contract runs for a period of twelve months and is renewable at the discretion of Xun Energy.PORTLAND, OR, May 13, 2013 (Marketwired via COMTEX) — Xun Energy, Inc. (OTCBB: XNRG) (XNRG) announced that the Company engaged RMJ Consulting LLC on May 1, 2013 to provide investor relations and consulting services. RMJ Consulting will assist XNRG with its efforts to enhance investor awareness, including but not limited to expanding its shareholder base, corporate communications and overall shareholder support. The initial contract runs for a period of twelve months and is renewable at the discretion of Xun Energy.

CETV, ACCS, XNRG & More

Xun Energy, Inc. XNRG

XNRG came out of the gate strong yesterday and touched .011. It fought to hold support, dipping as low as .0077 before returning to .0095 (+24%), but ultimately pulled back to .0055 in the late afternoon. The stock did however manage to regain much of that dip, closing at .0083, a 51% increase off of the bottom.

The volume and trading on XNRG stayed consistent with the prior day’s activity. We saw some bounces that made quick-strike gains possible, so we want to be on the lookout for similar activity today. Currently .0055 is the new support level, and we are still on the lookout for several chart indicators to ripen, as we pointed out yesterday.

Form 4 Watchlist

When conducting our various daily scans for promising plays, we try to look for any indications that might give us an edge. One of the things we check for periodically, is insider buying activity, especially when the purchase price exceeds the current market value of the stock. So after conducting a thorough search for Form 4 filings, we’ve come up with an Insider Buying Watchlist:

NBS, ETRM, EVC, GLDD, CPSS, GGS, JRN, USU, RWC, IDRA, GTE, WELX,

Central European Media Enterprises Ltd. CETV

Also popping up on our Form 4 scan, was something of great interest in CETV, a media and entertainment company operating broadcasting businesses in six Central and Eastern European markets. On Wednesday, a block of shares equal to $74.7M was purchased by the company’s largest shareholder of record, none other than Time Warner. Further details of the purchase can be found in the corresponding press release below. This developing story is of extreme interest to us, and we will be watching CETV like a hawk in coming weeks, ready to pounce on any opportunities it may provide.

HAMILTON, Bermuda, May 03, 2013 (GLOBE NEWSWIRE via COMTEX) — Central European Media Enterprises Ltd. (“CME”) (Nasdaq:CETV) (Prague Stock Exchange:CETV) announced today the pricing of an underwritten public offering of 54,436,582 shares of its Class A common stock, par value $0.08 per share (“Class A common stock”) at a public offering price of $2.75 per share before underwriting discounts and commissions.

J.P. Morgan Securities LLC is acting as the sole book-running manager for the offering. CME has granted the underwriters an option to purchase from CME up to an additional 5,443,658 shares of Class A common stock. Time Warner Media Holdings B.V. (“Time Warner”), an affiliate of Time Warner Inc. and CME’s largest shareholder, has exercised its preexisting contractual preemptive right and has committed to purchase 49.9% of the number of shares of Class A common stock sold in the offering, subject to certain limitations.

The offering is expected to close on May 8, 2013, subject to customary closing conditions. In addition, subject to the closing of this offering and approval by our shareholders and certain other conditions, CME will sell to Time Warner $200,000,000 of its Series B Convertible Redeemable Preferred Stock, par value $0.08 per share (“Series B Convertible Redeemable Preferred Stock”), a new series of its preferred stock, in a private placement.

CME intends to apply $300,000,000 of the aggregate net proceeds from the public offering and the issuance and sale to Time Warner of shares of Series B Convertible Redeemable Preferred Stock to fund the repurchase or redemption of a portion of CME’s 11.625% senior notes due 2016. CME intends to use the remainder of the net proceeds from the public offering for general corporate purposes.

African Copper Corp. ACCS

This is a high-volume momentum play that has recently awakened and come off of a bottom, so we wanted to include it as well. The stock posted higher highs and higher lows yesterday, making it a prime candidate for our watchlist as we close out the week.