Tag: ACRX

Blue Horseshoe Stocks: RUSS Recap, Gap-Up List & More

Direxion Daily Russia Bear 3X ETF (RUSS)
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A few weeks back, on February 23rd, we radared the RUSS, which is a fund that trades with an inverse relationship with the Russian economy.

The past week has been particularly troubling for Russia, as its central bank slashed the primary interest rate by a full percent while revealing that its growth forecast predicted a shrinking of the economy by as much as 4% this year.

These and other economic curve-balls, including the continued lag in oil prices, have fueled a healthy rebound in the RUSS from the recent low we observed at 11.22. Friday’s high of 15.77 marked a 40% swing in a matter of eight trading sessions.

With some holding the belief that an even more severe and protracted economic meltdown could be in the cards for Russia, we’ll want to monitor RUSS on an ongoing basis.

Morning Gapper Watchlist

These are a few stocks that are cropping up on our scanner this morning as they gap up in the premarket. We’ll be on the lookout for the possibilities of continued momentum and/or dip-and-rip scenarios:

Microvision, Inc. MVIS  has been in blue-sky breakout mode for the past several sessions, and is gapping up today on the heel of the following PR:

Midstates Petroleum Co. Inc. MPO  is trading up in early activity this morning on a Q4 earnings and revenue beat:
Odyssey Marine Exploration, Inc. OMEX  is also up considerably, following Friday’s news of its entry into a financing agreement to facilitate offshore mineral and resource exploration.The company also has an earnings conference call slated for 10AM today, to discuss the contents of this morning’s filings:

Extended Watchlist:
IBIO, CERS, ACRX, ITEK, CTIC

Blue Horseshoe Stocks: PSID, KNDI, PBR & Extended Watchlist

PositiveID Corp. PSID

The first thing we’d like to do this morning is go over how well PSID performed yesterday following our pre-market alert. Our timing proved to be spot-on in calling the bottom on this play, and after putting it on high alert in our report, we were rewarded with a couple of chances to gain over the course of the session.

The stock ran hard out of the starting gate, with trading opening up at .043 and rapidly reaching the day’s high at .064, a spike of 48% That was followed by a pullback to .049 where we got another upswing, this time to .058, a modest yet respectable intraday move of 18%

Those two significant swings combined for cumulative total gains of 66% on the day, and the stock managed to close at .057, holding on to much of the day’s forward progress. This all occurred on roughly 6x PSID’s 3-month average volume.

Congrats to anyone who was able to make PSID work for them, and be sure to stay tuned, as a performance like that could lead to a strong finish to the week.

Kandi Technologies Group, Inc. KNDI

This is a stock that we’ve been tracking for over a year now, as a quick look at KNDI’s archive on our blog will reveal. Our most recent tag of this stock came via Monday morning’s extended watchlist, and over the course of the week, it has yielded quite a nice move; We saw a low of 15.76 on Monday, and by yesterday’s session we observed a high of 20.96, an intraweek gain of 33%

Those who may have picked up on this play following our next most recent alert of this play (June 12th ) could have caught a low of 12.30. Yesterday’s high marked a 70% move up from that level.

Petroleo Brasiliero S.A. (Petrobras) PBR

Our regulars are aware of how tenaciously we’ve covered PBR this year. On March 21st we added it to our watchlist as it was coming off of 10-year lows. Our observed low that day was 11.25, and the stock never looked back. We’ve traded primarily in the options chain of PBR and have made percentage gains in the thousands over the course of several months, but even the overall action on the stock itself has been impressive.

Yesterday’s session set a new high of 16.43 and in premarket trading today that has been pushed to more than $17, from the low we saw this spring, that’s an overall move of over 50% on the chart.

However, the swing action on this play over the past few months has been terrific, as we’ve pointed out on the following chart. As you can see, after our initial alert, there have been no less than three major swings. The current positioning breaks PBR out of the channel we illustrate below, signaling potential for further moves to the upside.

As far as the options chain is concerned, we’ll be looking for a pullback from profit taking on this major spike, and after that, we’re interested in the potential of the $16.50 and $17.00 Weekly Calls for an intraday flip opportunity today.

Extended Watchlist:
ICLD, JDST, OMEX, ACRX, EVI

FB, AAPL Options, GOGO & Extended Watchlist

Facebook, Inc. FB – Options

On Wednesday, some of you may recall our interest in FB calls, as we stated “if the stock can break the $46 barrier… we’d be looking at in-the-money Calls like the 09/21 $45.50′s.” As you can see on the included chart, after seeing a low of .10, those contracts would go on to trade as high as .85 during yesterday’s session. That move was good for overnight gains in excess of 750%

With FB gapping up this morning and hitting new 52-week highs, we are going to want to continue giving our attention to the Calls. Of course, in the event that we see a reversal off of these substantial gains, we are going to be on the lookout for a dip-and-rip scenario, which could bring us even further gains with a properly timed bottom.

Apple, Inc. AAPL – Options

We’re also seeing a gap up in AAPL which is coinciding with the release of the latest versions of the iPhone 5(S/C), and with a sizable gap to fill on the chart, we could actually see AAPL go to $490 today. If it did approach that level, we’d be interested in the $480-485 Calls, which could provide us multi-bag gains.

Other than flipping the weekly Calls intraday, we might also want to consider contracts with later expiration dates if it appears AAPL is gaining a head of steam that would carry over into next week.

Gogo, Inc. GOGO

We first mentioned GOGO on Monday, and at the time the stock was trading as low as 14.79. Currently we are seeing the stock trading at 18.15 pre-market, (a gain of 23%) so this is another play that will be grabbing our attention today. For a big-board stock in this price range to see a gain of that magnitude inside of a week is nothing short of remarkable.

Gogo actually has an intriguing technology for providing super-standard Wi-Fi internet connections to airline passengers with in-flight data delivery speeds of up to 60Mbps. With the company just having announced that they will be bringing their products to North America in 2014 pending FAA approval, this is definitely a stock that we are going to want to put on our long-term watchlist, as we see how its story plays out.

Extended Watchlist:
FREE, CYCC, VRNM, ACRX, FU, PZG, RNA (Big gap-down, watching for bounce.)

VHGI, MDIN, SUNB, IDVC & Extended Watchlist

VHGI Holdings, Inc. VHGI

&
Northstar Global Business Services, Inc. MDIN

After featuring in yesterday morning’s report, VHGI and MDIN both continued their runs from last week on Monday. With MDIN logging a 189% gain from Thursday’s low (.0037 ) to a high of .0107,
and VHGI touching .048, marking a 380% move from Friday’s low of a penny to yesterday’s high of .048, we were extremely pleased with the performance on each of these stocks.
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Sunbelt International Corp. SUNB

Another nice gain off of yesterdays newsletter was SUNB which appeared on both Friday’s and yesterday’s extended watchlist. From the .015 low on Friday to yesterday’s high of .025, a gain of 67%

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Infrastructure Developments Corp. IDVC

Another extended watchlist mover, IDVC ran from .001 to .008 before pulling back to .0015. Out of all the stocks recently mentioned in our newsletters, IDVC strikes us with the most intrigue. The chart is primed up, with the RSI just having punched through the power zone. The PPS just broke through the 20, 50 & 100DMA’s while spending a portion of yesterday’s trading session above the 200DMA. The PPO and Slow STO have both just crossed and passed up through the 50DMA, and the blue bars on the histogram are cranking up to the bullish side. There has also been a significant increase in volume over the past few days, All in all, the ripe setup on IDVC leads us to place this stock near the top of our watchlists heading into mid-week.
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Green Innovations Ltd. GNIN

GNIN is another stock that will be on our watchlist today, after we featured it in a short video chart published last night. We’d recommend everyone head over and get subscribed to our youtube channel (http://youtube.com/bluehorseshoestocks) so you can stay up to date on all of our video publications.

Some of the things we are looking for out of GNIN moving forward- We’d like to see the .89 level (50DMA) hold as support, and have the stock climb back above the 20DMA at 1.22.

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Extended Watchlist:
ANTH, ACUR, ACRX, ABIO, BBDA, ENTB, BTHR

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