Blue Horseshoe Stocks: RSHCQ Recap, FLSR, PEP Options & More


RadioShack Corp. RSHCQ
Our close coverage of RSHCQ has really come through for us as the stock performed very well on Monday and then again yesterday. Our initial alert came at a low of .1251 on Monday morning.

Yesterday the stock made its way up from a daily low of .1461 all the way up to .2145. That was an intraday spike equaling 47%, and measuring from Monday’s low, an overnight increase of 71% so cheers go out to any of our readers who were following this play to some fantastic short-term gains!

As we stated in our previous reports, we plan to keep a close eye on Radio Shack as the company deals with the many complexities of Chapter 11.


New Options Ideas

PepsiCo, Inc. PEP 

In the spirit of taking as much advantage of the current earnings season as possible, we have continued to scour for potential options trading opportunities on earnings beats. PEP is standing out on our radar screen this morning, with Wall St. expectations having been exceeded.

PEP is showing a healthy chart currently in an ascending wedge pattern, and the stock is in the process of breaking all-time highs so we’re also entering blue-sky territory with this one.

Along with its Q4 figures, Pepsi also revealed that it would be initiating a share buyback program to run through 2018 where the company intends to buy back up to $12B of its own stock, which bodes well for the long-term health of the beverage and snack giant. >> View PR

To potentially take advantage of the current conditions with PEP, we’re going to be looking at Calls in the $99-100 range. Yesterday the $99’s closed at .62, the $99.50’s at .46, and the $100’s at .33. After what we expect will be a significant gap-up followed by some measure of profit-taking we will be looking to get ourselves positioned for what could be a strong rebound in those contracts.

We can also keep watch over the Feb. 20th $102 Calls (Last Trade: .23) for a potential swing-trade into next week.

First Solar, Inc. FSLR

Yesterday upon receiving word that Apple, Inc. had negotiated a solar deal with FSLR worth nearly $850M, FSLR went crazy, running into the close and continuing to climb in after-market trading as well as gapping up in today’s premarket action.

As a result of these circumstances, we’re going to be monitoring the FSLR $48 Weekly Calls (Closed 1.51) for what has the potential to be a very nice, rapid gain opportunity.

Alibaba Group Holding Ltd. BABA – Reminder

We also want to take a minute to reiterate our longer-term options strategy regarding BABA.  Yesterday we outlined the March 20th $95 Calls (Closed: .85)  We could see those open a bit higher today as BABA is looking like it wants to gap up to slightly this morning.


Extended Watchlist:
AERO, AKAM, NVIV, LGBI

Blue Horseshoe Stocks: LATF, Midday Updates

Latteno Food Corp. LATF

Most of our regular readers will remember us talking about LATF, along with all of the other medical and legal marijuana-related stocks that we have been tracking recently. We mentioned LATF specifically, as recently as March 26th. We talked about how we had brought it to our readers at the beginning of February, as low as .023, only to see it run to .23, gaining as much as 900% in the process.

We had been observing as it began to cool down, mentioning that we were on the lookout for a bottom, and another chance to take LATF for a ride. It reached that bottom the very next day, on the 27th, touching .015 before beginning the recovery that we were after. The stock has continued this recovery through last week and into this week, and today, has reached as high as .044. That represents a highly respectable 193% move in a span of just two weeks.

___

Like we stated above, LATF is just one of cannabis related stocks that we have been tracking this year, as our regular readers will remember, we have canvassed the sector for quite some time, and it has been one of our favorite and most lucrative areas of interest recently. To the already sizable list of marijuana plays, we have several related additions for you this afternoon, that we feel should be added to our running watchlist. We suggest our readers keep similar watchlists of their own.

AERO – Aero Grow International, Inc.
AQNM – Aquentium, Inc.
ATTBF – Abattis Bioceuticals Corp
AVTC – AVT, Inc.
BISU – Bio-Solutions Corp.
CANV – CannaVest Corp.
CIIX – Chineseinvestors.com, Inc.
CTH.V – Cynapsus Therapeutics Inc.
ECUI – Ecuity, Inc. –
EDXC – ENDEXX Corp.
GTLA – GT Legend Automotive Holdings Inc.
GWPH – GW Pharmaceuticals Plc.
GWPRF – GW Pharmaceuticals Plc.
HESG – Health Sciences Group, Inc.
NRBT – Novus Robotics, Inc.
NTRR – Neutra Corp.
NVLX – Nuvilex, Inc.
PARS – Pharmos Corp.
SRER – SearchCore, Inc.
STBV – Strategic Global Investments, Inc.