Blue Horseshoe Stocks: FREE, KNDI & CANN

FreeSeas, Inc. FREE
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FREE has been one of our favorite stocks in the past, having brought us prime opportunities at multi-bag gains. After consolidating off of its last big run, FREE settled back to find support in the low 1.70-range, and as of yesterday, had begun to bounce back, trading up from 1.75 to 2.30.

We’ve pointed out several key aspects of the FREE chart below, and will be monitoring the stock closely today for the possibility of further gains.

Kandi Technologies Group, Inc. KNDI

We’ve been tracking KNDI since July (From a low of 4.41) and have truly seen some monstrous gains as a result. On December 30th we reminded everyone that this was a story that we would want to follow into the New Year. We certainly hope our words were heeded, because the stock’s performance since that time has been nothing short of impressive. The next day, KNDI would bounce off of support at 10.85 and has since made an impressive run to a high of 15.15. That move marks possible gains amounting to as much as 40%

Not only did the stock recently get placed on NASDAQ’s Global Select Market, KNDI and CEO Hu Xiaoming were also featured on China Central Television’s (“CCTV”) English News Channel. -Watch the interview here.

Advanced Cannabis Solutions, Inc. CANN

We were especially glad to have continued mentioning CANN in yesterday morning‘s report. We had already observed a 30% move in the previous session (8.00-10.40), and the stock just continued to rumble upward. After seeing a low of 10.61, CANN would go on to run as high as 17.50. That was an intraday gain worth up to 65%

We’re still watching the situation closely, as CANN has jumped to more than 18.50 in pre-market trading this morning. From our original mention of this stock on January 8th, we’ve seen an astonishing run from 6.31. At the last-traded pre-market value, that’s an incredible increase of nearly 200% in just five trading sessions.

CHTP, TSLA, CANN & Extended Watchlist

Chelsea Therapeutics International, Inc. CHTP
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This is a bio-pharma play that we’ve mentioned in the past, which has been undergoing some interesting activity. The stock recently fell off of a cliff, coming down from nearly 4.50 at the end of 2013, to find a bottom in the high 2.20’s on Monday. It was halted for yesterday’s session over the release of an FDA-approval related PR (below), and has resumed trading pre-market this morning, already up over 150%.  It will be exciting to see how the pattern unfolds today. Rest assured, we will be laying in wait for what appears to be potential breakout conditions.

Tesla Motors, Inc. TSLA – Options Ideas

It’s been awhile since we delivered any options-trading ideas, and have noticed some potential with TSLA. The stock was on the move yesterday, punching over the $160-mark. We want to radar the $165 & $170 Weekly Calls (Expiring 01/18) for possible intraday flip opportunities.

For instance- The 170 Calls closed at 1.17 yesterday, and will most likely gap up this morning, to the tune of 100%. If we were to see a move to $180 out of TSLA, those contracts could potentially approach the $10-mark

Advanced Cannabis Solutions, Inc. CANN

CANN was among a group of pot stocks that we added to our tracking list last week, and even as some of the other marijuana plays have been searching out a bottom, this one has managed to sustain its uptrend. We mentioned that it was on the rebound yesterday morning, and from its open at 8.00, the stock managed to close at 10.40. That marks a single-session move of 30%

Extended Watchlist:
DTLK, ARO, STXS, HEB, ATRS

Blue Horseshoe Stocks: Cannabis Update & More

Pot Stocks Update
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On Friday, we surmised that the general consolidation after last week’s epic surge in the cannabis sector would lead to rebounds for many of the pot stocks that we’ve been tracking long-term, and were correct in our assumption. Not an especially impressive feat, considering the fact that we’ve seen the bottom-bounce scenario play out hundreds of times; it’s practically a law of nature.

The following are some of the more notable cannabis bounce-plays that we observed to start the week:
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Transbyte Corp. ERBB

ERBB reached a bottom (.0057) Friday shortly after 10am, and has done a fine job of bouncing back. Yesterday we saw the stock trade as high as .0098, closing just one tick below at .0097 on more than thrice the 3-month average volume. That’s a 72% swing spanning consecutive sessions.

Hemp, Inc. HEMP

HEMP came down from its big run over eight cents to find support at .031, from which point it has found its way back up to .06. That rebound was good for gains as high as 94% Like ERBB, HEMP finished out Monday’s session near its high-of-day, closing at .0594.

Creative Edge Nutrition, Inc. FITX

FITX is one that has done exceptionally well with regard to holding most of its recent gains when it did pull back. If you recall, we witnessed a low of .0056 last Monday, and the consolidation off of its highs at .031 only took it as low as .0111. The stock has recovered nicely, pushing its way back to .0265 during yesterday’s session; a bounce-play worth gains of up to 139%

GreenGro Technologies, Inc. GRNH

Unsurprisingly, one of the biggest runners from the ‘Green Rush’ turned out one of the bigger bounces on its recovery. It came down from its highs well over a dollar, and bounced off of the .20-mark yesterday, only to rebound as high as .49, a 145% swing. This morning in pre-market trading it has poked its head back over fifty cents.

Growlife, Inc. PHOT

PHOT touched bottom at .18 on Friday, and as of yesterday had pushed its way back to a high of .293. That represents a 62% bounce. PHOT is holding its ground in early trading this morning.

SK3 Group, Inc. SKTO

SKTO dipped back to .0115 Friday, and followed the trend of recovery yesterday, achieving a price of .0235, marking a two-session swing of 104%

Other cannabis stocks that were on the rebound Monday included TRTC, AVTC & CANN

Rexhan Pharmaceuticals, Inc. RNN

It became apparent that RNN would continue its recent uptrend early-on yesterday. Even though we had already seen impressive gains amounting to nearly 200% in a range from .4026-1.19 up to that point, it continued to surge, reaching its peak at 1.85.

RNN is trading in the 1.40’s pre-market, so like the other massive gainers we’ve followed over the past week, we’ll be continuously monitoring for support and the potential for a subsequent bounce.