Blue Horseshoe Stocks

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.

XNRG | Xun Energy, Inc. | Potential Bottom Play

XUN Energy, Inc. XNRG

We are looking at XNRG this morning as a potential bottom play, that set off our scanners with some abnormally large volume on Wednesday. Granted the fact that volume often precedes price, we like the upside potential of this play. As you can see from the chart below, this stock has been known to make quick spikes from its current level (.008’s) to as much as .015 and higher. Between January and February this year, it surged from .005-.024, gaining 380%, as we point out below.

We’ll be putting this stock on watch, monitoring the MACD and Slow STO indicators for potential crosses which may signal the next run for XNRG.

Yesterday, the company announced a reserve equity financing agreement that will allow it to pursue its drilling program. In a nutshell, reserve equity financing allows a company the right, but not the obligation, to sell shares in traunches over a defined commitment period, permitting the raising of capital by selling those shares as needed, or when market conditions are favorable:

PORTLAND, OR, May 08, 2013 (Marketwired via COMTEX) — Xun Energy, Inc. (OTCBB: XNRG) (XNRG) announced that the Company has agreed to a $15,000,000 Reserve Equity Financing Facility from AGS Capital Group, LLC, a US based specialist investor group, in order to enable growth with financing for its 30 shallow oil well program with an option for an additional 15 shallow oil well development program in Venango County, Pennsylvania.

More Info: www.xunenergy.com

Extended Watchlist:
PLUG, FNMA, GRPN

XSNX | XsunX, Inc.

XsunX, Inc. XSNX

We are always interested in alternative energy companies, and XSNX is a solar outfit that puts a compelling spin on traditional solar technology. XsunX specializes in its own patent-pending CIGSolar™ (Copper Indium Gallium Diselenide, or CIGS) variety of solar panels, and one of the ways it makes that technology available is pretty interesting. In essence, the company offers clients the ability to manufacture its patent-pending products, which are made and operate in a more cost-efficient manner than similar technologies. The company’s modular manufacturing units are installed by XsunX’s team of specialists, and provide the opportunity for existing solar businesses to offer this groundbreaking technology to their own clients.

What is known as a TFPV (Thin-Film Photo Voltaic) material, CIGS currently holds the world record for TFPV conversion efficiency at a rate of 19.9% This surpasses other TFPV technologies, and rivals the efficiency of industry-standard silicon units, without the durability issues known to plague silicon panels. Perhaps one of the more attractive aspects, CIGS panels can be made to replace silicon-based technologies utilizing their existing infrastructures, thereby reducing setup costs dramatically in many cases. In addition, the extreme durability and long life of CIGSolar™ panels reduce overall maintenance costs, essentially making the use of solar technology much more economically viable for applications where it may not have been, previously.

“CIGSolar™: The Manufacturing Advantage”, pictured above, deposits CIGS material onto thin steel sheet substrates, which are both cheaper and more durable than brittle silicon solar panels, while still doing the same job.

Solar power as a whole is on the rise in the US in a big way, currently standing as the nation’s fastest-growing alternative energy industry- and because CIGSolar™ is basically a drop-in-and-go replacement for existing solar implements, every area of it can be considered fair game for a switch to XsunX’s proprietary tech. Replacement of outdated units is an extremely attractive niche in the solar business, and one of the main reasons why XSNX is so appealing to us.

Another is the potential we see in the current XSNX chart. The stock has seen two significant runs this year, the first of which came when it ran 138% from a low of .008 on Dec. 28th, to a high of .019 on Jan. 14th. After a consolidation period which lasted into February, we saw another surge from .0091, to .023, another 153% gain. After that run, it seems the stock has found a higher level of support, establishing a new base at .012.

We also took the liberty of preparing a video presentation of the XSNX chart:

Want more info on XsunX and its technology?

Here is a slideshow describing CIGS technology in detail.

CEO Tom Djokovich has appeared in a number of informative videos on MoneyTV.

In this video, he talks about CIGS, and gives you an inside peek at a CIGSolar plant in operation.

Here’s Tom discussing the international interest that CIGSolar has generated.

In this video he talks about reaching the final stages in client demo preparation.

A simple youtube search on XsunX will yield even more interviews with Tom, who is obviously very passionate about his product.
For even more info, the company’s website can be found at: http://xsunx.com

AAPL, DRHC & Extended Watchlist

Dethrone Royalty Holdings, Inc. DRHC

Our bottom-bounce call of DRHC yesterday was spot-on. The stock pulled back to .0065 before running as high as .0094. In the video chart that we published along with our alert, we stated that we were simply looking for a quick 30-50% move out of DRHC, and that’s exactly what we got.

We like the activity we are seeing from this bottom play and will continue to monitor for subsequent bounces, provided the stock holds above yesterday’s support level of .0065.

Apple, Inc. AAPL

We sincerely hope our recent coverage of Apple calls hasn’t fallen upon deaf ears. We started with the $415 & $420 Calls last Monday, and kept raising our strike price as time progressed and Apple traded higher. On Wednesday, we had lifted it up to the $445’s, $450’s, and were even looking as high as the $455 Calls. The $455′s were as cheap as 2.30 on Friday, and hit a high of 9.80 yesterday, a possible gain of 326%, and that upward trend should continue.

This morning, Apple is trading up pre-market, causing us to once again raise our strike price into the $465 and $470 Calls. That being said, Apple has been on an absolute tear since its last earnings release, steamrolling upward for the past couple of weeks, thus we want to stay on our toes so that we won’t be caught off guard by a reversal. The next key resistance points are likely to be at $469.95, and $484.94. Should it break those levels, there is a gap to fill up to $504.77, as we point out on the chart below.

Extended Watchlist:
MWIP, ARNA, NLS, USU, ONCY, IBIO,