Our first order of business today is to congratulate any of our readers who were able to turn our premarket alert of LXRX into hefty intraday gains.
We were given ample opportunity to do so, as a hugely significant PR left the stock positively charged for most of the session. A momentous intraday run began from an early low of 10.83 and topped out at an HOD of 13.80. That translates to a 27% jump, which is a very impressive single-session performance for a $10 stock.
If you recall, we hit this one from multiple angles; our options trading idea of tracking Weekly $10 Calls was also good for potential profits. Those contracts traded up from a low of 1.50 all the way to 3.90, which was good for gains of up to 160%
LXRX held the majority of its daily advance, which occurred on well over 30-times the 3-month average volume. That sets the stock up with plenty of momentum, and signals us to keep an eye out in coming sessions for a continuation of such. In the event that occurs, as far as options are concerned, we’d roll our strike price up to the Weekly $12.50 Calls, which already made a heck of a move yesterday from .45-2.00.
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Hutchinson Technology, Inc. HTCH
We also want to give a quick update on HTCH, which we entered into the conversation via Friday’s premarket report. We witnessed the beginning of its run that day with a low of 1.60, and subsequent 22% pop to 1.95.
Yesterday, the stock set a new high of 2.25, which marked a two-day increase of 41% In order for us to remain interested in this play. we’ll need to see it continue to record higher lows.
Super-Subpenny Bottom-Watchlist
Here are a couple of stocks trading in the triple-zero range that we thought were worthy of compiling into a potential bottom-play watchlist as we head into midweek. We’ll include charts for the pair illustrating the reasoning behind that:
We’re going to start off this new trading week with a new item of interest in MBHC, a stock with an interesting backstory that began to build some nice momentum on the chart toward the end of last week.
The main focus of the company at the moment is the impending launch of its new mobile streaming app, known as Whirld. It is intended to be the first truly real-time, interactive, mobile video broadcasting utility, and has been approved for sale in the Apple APP Store (iOS) and the Google Play Market (Android).
The launch was originally slated for late this spring, but was temporarily delayed for extra time in beta testing, and to upgrade to a global communications platform that will allow for more expedient updates and enhancements once the app is in operation. Per the release which revealed that announcement, we are now less than a month away from seeing all of the necessary changes implemented and having the app hit stores.
To facilitate all of the progressive changes at the company and give the Whirld app its best chance for success, MBHC brought in two industry heavyweights with the collective knowledge to get it off the ground; Jeff Marcus, and Alan Rambam.
Jeff Marcus has had his hand in billions of dollars worth of IT startups over the years, building himself an extremely impressive resume`. From his early days as a software engineer for IBM and formulating network solutions for UPS and KPMG, he began accruing the knowledge required for an ambitious endeavor such as the Whirld app. His career led him to high-level networking positions at companies like 24/7 Real Media (sold for $650M) and DoubleClick (Google buyout totaling $3.1B). He’s had a front-row seat for the development of the mobile age, and brings all of that experience and know-how to MBHC.
Alan Rambam is a social media, advertising, and analytics expert who previous job experience file is also jam-packed. He was one of the youngest staff members in the Clinton Administration, and would go on to found Shine, Inc. were he would develop well-known social campaigns and charities such as the MTV Fight for Your Rights Campaign, and the Muhammad Ali Scholarship Fund.
On Friday, MBHC enjoyed a surge in momentum in the wake of an exciting press release that really ramps up Whirld’s extreme potential as an app. In an global deal signed with none other than Twitter, MBHC has secured itself as the the home for Electronic Dance Music (EDM), a rapidly growing genre,to provide the most shared, real-time EDM concert footage on Earth. It includes unfettered access to air in real-time every piece of content placed on Twitter from some of the worlds biggest EDM Festivals (including Tomorrowland, Electric Daisy Festival, Ultra, and Electric Zoo). This is a significant proposition, with EDM Festivals raking in roughly $4.5B annually; no other genre of festival music in the world can make such a claim. EDM has a huge following in the younger generation, which is a key demographic being targeted by MBHC for the Whirld app. >>> VIEW PR
As we said, the MBHC chart has also recently awakened, with a good bit of momentum building up at the end of last week. We’ve prepared a corresponding video presentation for your viewing convenience:
Those of our followers who participate in our daily live traders chats were given advanced notice on our call of MBHC as you can see by the following screen snap taken right at the market open. Those participants had a chance at up to 172% in intraday gains as the stock ran from .0039-.0106. It was a great example of why we freely invite all of our subscribers to take part in these daily Skype-facilitated chats. Just send a contact request to username ‘stocksumo’ to join in!
Options Recap – Friday’s Huge Winner
We can’t go without mentioning the top-notch options ideas we offered our readers in Friday’s premarket report. In the midst of taking credit for the previous session’s ideas we had on NFLX (One of which ran more than 3800% in a single session!) we presented GOOG as a good options-trading candidate and recorded a target range. Specifically, we called attention to GOOG Weekly $640-655 Calls. As everyone should be aware, GOOG had a landmark session after the earnings beat;
impressively gaining more than 16% as it traded in a range from 645.00 – 674.47.
As a result, and for the second consecutive day, our options ideas went haywire and yielded up the chance at some excellent profits. Here’s a breakdown of the moves that were made by those hot-ticket contracts:
$640 Calls – Daily Range: 8.80-29.00 – Max Gain: 230% $642.50 Calls – Daily Range: 9.40-27.40 – Max Gain: 191% $645 Calls – Daily Range: 6.20-24.90 – Max Gain: 302% $650 Calls – Daily Range: 3.90-23.56 – Max Gain: 302% $655 Calls – Daily Range: 2.33-18.50 – Max Gain: 694%
For your convenience, we also prepared a video highlighting the great moves we saw as well, so check it out below, and have a great start to the week!
To start things off this week we want to look back to Friday’s report wherein we suggested that $131 and $132 Weekly Calls would be in play for possible daytrading opportunities, and our assertion was spot-on.The trading range on the $131 Calls was from .63-1.98, which was an overall spike of 214%, while the $132’s jumped from .14 to 1.00; a total increase of 614%
Those ranges, while extremely impressive, only reflect a fraction of the total possible gains for folks with daytrading ability. As you can see on the following chart snapshots of Friday’s intraday activity, these AAPL Calls were both what we commonly refer to as a “Flipper’s Dream”. Not one, but three big swings could have provided major ammunition for top-shelf profits.
Medican Enterprises, Inc. MDCN
MDCN is a marijuana-related stock that we’ve tracked in the past that has cropped up with a noteworthy PR this morning that we think our readers ought to check out.
Additionally, following a huge a huge run in late March, the stock has been under serious consolidation so it also qualifies as a potential bottom play as well. This will definitely be one to keep on our radars this week.
We’ve tracked AVEO in our reports from Wednesday and yesterday to what has turned out to be a strong intraweek swing. From Wednesday’s low of 1.50, the stock surged to a new 52-week high of 3.50 early in yesterday’s session, during which it traded more than thirty times its 3-month average.
It marked a two-day move of 133% which began when the company released favorable drug trial results on Wednesday. Strangely, the PR (View It Here) seemed to go largely unnoticed by the investment community until yesterday. Despite that fact, we showed up early to the party, and had a heck of time watching others catch on, producing yesterday’s annual high-setting push.
After consolidating into the close, AVEO appears to be gapping up slightly this morning, so we’ll stay tuned to the price action as the session unfolds.
Holiday Island Holdings, Inc. HIHI
We played HIHI like a fiddle this week; it’s yet another example of us providing our readers with advanced notice on prime-time chances to profit.
We alerted folks to the situation in our premarket report on Wednesday, at which time the stock was trading at a low of .0015. Word of a massive share reduction via purchase and return to treasury hit the newswires early, providing us with all the incentive we needed to include it in our daily interests. HIHI proceeded to run more than 70% over the course of that afternoon.
Then yesterday, we caught wind of a promotion on the stock with which we had no involvement, and it prompted us to remain focused on HIHI. We mentioned that the promo might produce “an impeccably-timed boost to extend our profits as we look to take them off the table” and it worked like a charm. The stock ended up touching a new high of .003, marking a two-session swing of exactly 100%.
Morning Gapper Watchlist
While a Friday preceding a holiday weekend is usually a relatively subdued affair, there are a couple of items hitting our scanner that we’ll be monitoring for opportunities. Each of the following is gapping up in the premarket:
Emerald Oil, Inc. EOX
We drew up a chart to illustrate the situation on EOX. The stock was kicked hard during yesterday’s session so we’ll be on alert for some rebound action today.
Oncothyreon, Inc. ONTY
ONTY is the other gapper that will retain a portion of our of our focus this morning.
Quick Options Trading Ideas:
Apple, Inc. AAPL has been on a wicked run all week, so we’ll watch for a dip-and-rip scenario; the $131 and $132 Weekly Calls should be in play today.
For Petroleo Brasiliero SA (Petrobras) PBR, we’re going to zero in on $9.00 & $9.50 Weekly Calls.
We made it a point to pass along a handful of quick-strike options ideas on Friday. We mentioned the high-risk, high-reward nature of trading weekly contracts on a Friday, and we certainly were rewarded as every single idea we formulated bore fruit, to varying degrees.
Here’s a breakdown of the prime possibilities for profit that we observed:
Netflix, Inc. NFLX – The rather broad range we provided for NFLX wereWeekly $595-612.50 Calls, and every set of contracts in that range made highly impressive moves:
$595 Calls – Daily Range: 6.58-23.00 – Max Gain: 250% $597.50 Calls – Daily Range: 5.30-20.67 – Max Gain: 290% $600 Calls – Daily Range: 3.63-18.02 – Max Gain: 396% $602.50 Calls – Daily Range: 2.80-15.45 – Max Gain: 452% $605 Calls – Daily Range: 1.10-12.82 – Max Gain: 1065% $607.50 Calls – Daily Range: 1.00-10.62 – Max Gain: 962% $610 Calls – Daily Range: .80-8.17 – Max Gain: 921% $612.50 Calls – Daily Range: .53-5.54 – Max Gain: 945%
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Apple, Inc. AAPL – Our idea for AAPL was the Weekly $128 and $129 Calls, and a relatively volatile outing brought several significant swing-trade opportunities in each:
$128 Calls started out by first trading from an early low of 1.06 to 1.58 (+49%). It then pulled back to find support at .53 before taking off again to hit .99 (+86%). That swing was followed another ranging from .43-.92 (114%), and then by a final dip to .53 and run back to .81 (+53).
$129 Calls traded with similar action; four distinct swings of 53%, 134%, 167% and 300% occurred during the session.
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Petroleo Brasiliero S.A. (Petrobras) PBR – The PBR Weekly $10 Calls that we tagged for observation made a monster move from .03-.20, yielding the chance at gains of up to 566%
The stock is gapping up in the premarket today, so we’re going to continue keep our eyes on PBR. Our interest to start out the week will be in the Weekly $10 and 10.50 Calls for potential daytrade swing-trade opportunities.
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Huge congratulations go out to any of our followers that were able to bank some hefty gains off of Friday’s excellent options ideas!
Pazoo, Inc. PZOO
We’re touching base with PZOO this morning to update our readers on what the stock has been up to lately. Many of you will recall the monumental April this stock had; we initiated coverage on April 1st, and PZOO essentially spent the entire month on an uptrend. The total range we observed over the course of the month went from .0049 to .0204, which amounted to an epic 316% swing.
We put the stock on the back burner this month as it consolidated off of those impressive highs, and we want to rehash our interest in this play now that it appears to be headed toward its next leg-up. We’d also suggest that folks check out the PR released by the company on Friday, which alludes to its partner’s ribbon-cutting on the Nevada medical marijuana testing facility that we’ve been anticipating.
We also want to pat ourselves on the back for a timely call of MNGA on Friday. We caught the news release highlighting the company’s contract with the US Navy, and it was enough to send the stock on a respectable intraday rip.
MNGA traded in a daily range from 1.08-1.48, which represented a healthy increase of 37% The move occurred on over 17X the 3-month average trading volume, and the stock closed just under the high of day, so we’ll be interested to see how the action unfolds as we kick off a new trading week today.
Extended Watchlist: SGYP, PTBI, PSTI, DRRX, OSUR, ANN
