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Blue Horseshoe Stocks: SINO & PBR Updates

Sino-Global Shipping America Ltd. SINO

In yesterday’s newsletter, we mentioned that SINO was gapping up sharply in premarket trading, and as a result we would be on the lookout for a classic dip-and-rip pattern. That’s precisely what we got as SINO would settle into a low of 3.31 very early on, before springing back to run to a daily high of 4.69, which incidentally happened to be a new annual high as well.

In total the move was enough to secure up to 41% in intraday profits on incredible volume, to the tune of more than 58x the 3-month average.

This definitely signals a strong week for us; it marks the second consecutive session that a stock appearing in our pre-market report went on to set a new one-year high!

Petroleo Brasiliero S.A. (Petrobras) PBR- Options

The PBR Calls that we tagged in yesterday’s pre-market report fared extremely well as PBR once again surged past the $17-mark, and even cracked $18 briefly in the afternoon. The bullish run resulted in the $16.50 Calls trading up from .92 to 1.35, for a 47% intraday run, and the $17 Calls making an even better move. They started from a low .56 and spiked 105% to 1.15.

At this point our winning calls involving the PBR options chain, spanning back from early this spring, are too many to count. It has indeed been a wellspring that we’ve returned to time and again, and have almost always met with positive results.

Moving forward, we’ll be looking to roll our strike price up a bit to the $17 & $17.50 Calls, and in the event that PBR re-breaches and holds the $18-level, possibly even consider moving it up further to the $18’s and $18.50’s.

Extended Watchlist:
AUXL, IFON, AKS, CTIC, IMUC, PERI, OTIV

Blue Horseshoe Stocks: RSH, KNDI, PBR & More

Some Recent Favorites on Bottom Watch

Each of the following stocks brought us large gains earlier this year, and have all been in recent consolidation patterns. They began to exhibit signs of a turnaround on Wednesday. We want to have them all fresh in our minds in coming sessions as we scan for potential bounce-play opportunities that present themselves.

Kandi Technologies Group, Inc. KNDI

We mentioned last Friday that we would be monitoring KNDI for a bottom this week, and began to witness it yesterday as the stock came down to hit 14.79 before snapping all the way back to 16.30, a 10% intraday move. We’ll be on the lookout for signs of continued recovery.

Petroleo Brasiliero S.A. (Petrobras) PBR

PBR appeared to find its low at 17.06 yesterday, and began to rebound into the close at 17.38. As our readers already know, it’s the PBR options chain that has provided us with the most opportunities this year, so once we get a good indication that the bounceback will be sustained, we’ll get a better gauge of the most interesting contracts.

RadioShack Corp. RSH

RSH took a substantial dip to the .77-range to start the day yesterday in anticipation of a disappointing quarterly earnings call taking place at 9am this morning. There was a brief bounceback over a dollar and the stock did end the day back up in the lower .90’s. Rumor has it that there is a high probability of the company declaring bankruptcy, so while there is still a lot of uncertainty in the air, we’re just going to want to monitor RSH to hold support at or above the 50DMA of .83, otherwise we may want to prepare for further decline.

Others to Watch

We’ve got another pair of plays that carry some potential as we head into week’s end, ones that have yet to appear in our reports prior to today.

Wet Seal, Inc. WTSL

WTSL was a hit on a routine scan today; the stock is gapping up this morning. We’ve noticed a large gap to fill on the chart between .90 and 1.00, and trades are presently going off in the pre-market at .73, up over 7% already. The filling of that gap and returning to 1.00+ would mean sginificant gains from here so we’ll be watching this one closely.

Natural Health Trends Corp. NHTC

Yesterday we took notice of NHTC hitting its own low point on Tuesday, and the stock did actually see a significant bottom bounce to more than $17 before pulling back into the close to fall below $13. We’ll want to keep an eye peeled to see if we can use some of that volatility to our advantage.

Added Note:
Lululemon Athletica, Inc. LULU Calls

LULU is gapping up on an earnings beat this morning, so we’ll be looking for profit-taking to create a potential dip-and-rip scenario that could lead us to opportunities in the $41-$43 Calls.

Extended Watchlist:
SCOK, OTIV, AKS

Blue Horseshoe Stocks: Another PBR Update & More

Petroleo Brasiliero S.A (Petrobras) PBR – Options

Petrobras continues to be one of our main conduits to making large gains. We were able to carve out another chunk of profits on Friday as the stock hit a new high for us, traversing its way up the chart to peak at 15.92. Considering we picked up on this play in the low $11-range shortly following its 10-year lows back in March, we’d call its performance since then nothing short of amazing.

Of course, our real bread and butter here has been the options chain. Last week was yet another victory for anyone playing the Call side, with every contract we were watching making some nice strides.

In particular, the 07/19 $15 Calls that we’ve been tracking for weeks now have done beautifully, hitting a new high on Friday at 1.25. From the 25-cent low we observed in the week prior, that marks a walloping 400% move!

As we’ve stated before, we will continue to stick with monitoring PBR for as long as it continues to serve us up ripe opportunities for profit.

BARCHART.COM is presently issuing PBR a 96% Overall “Buy Rating”

Intuitive Surgical, Inc. ISRG

ISRG comes back to us this morning as a play that we inserted into our running watchlist back at the beginning of May. On the 6th, we mentioned that the stock could provide us with “potential gains over the next several weeks,” and while it took awhile for things to get moving, that statement still stands.

One of our points of focus was on the ISRG chart were a pair of gap-downs that had transpired in recent weeks, and we’ll still be looking for a break of that first gap to get things started. Presently we’re looking at the Weekly $385-395 Calls for intraday flip opportunities, but if it appears we’re moving to fill the gap, we may need to roll our strike price up.

Provided ISRG does fill in the gap on the chart from roughly $400-415, over the longer-term we could find ourselves looking at The Aug.-Oct. $420-440 Calls.

Solar Wind Energy tower, Inc. SWET

We put SWET on our radar on Friday, and will continue to monitor the stock over the course of the week. The chart is exhibiting signs of ripening, and looks to still be right on the verge of potentially making a nice move, so we want to keep a sharp eye on the activity here as we kick off a new trading week.

The company released some news this morning about a cash infusion they’ve received, and we’re also going to look out for potential updates concerning SWET’s presenting at the NIBA (National Investment Banking Association) conference tomorrow (Tue. 17th).

Solar Wind Energy Tower, Inc. Receives Operational Financing Through JDF Capital Inc. (Mon 8:30AM EDT)

Extended Watchlist:
FIO, DARA, ACHN, AKS, SQNM, LLNW, SA, ANV

Blue Horseshoe Stocks: ISRG, ANAS & Extended Watchlist

Inuitive Surgical, Inc. ISRG

We’ve got a couple new plays to watch this morning, starting with ISRG, a big-board stock that has us interested in its options chain for potential gains over the next several weeks.

Resistance is sitting at 399.12 (200DMA), a break of which could fill that first gap on the chart. A subsequent break of the 50DMA at 430.27 would mean the likely filling of the second chart gap, which could take it clear to the $480-range.

As a result of current chart conditions, we’re going to radar the June 6th $400 Calls. Those contracts were trading at 3.30 yesterday, and could potentially turn in multi-bag gains provided the stock breaks the areas of resistance we just mentioned. Again, this will be a play that we monitor for an extended time period.

Alternaturals, Inc. ANAS

ANAS popped up on our scanner this morning, and we figured we’d put it on people’s radars in light of several factors. For starters, the news out this morning alludes to forthcoming share reduction efforts by the company, wherein they promise not to use a reverse split as they attempt to clean up the share structure.

The PR goes on to state the company’s intent to move forward, either through an eventual exchange uplisting or potential buyout scenario. Those are interesting claims, and we’ll be anxious to follow this storyline to see if management makes good on those aspirations.

We’re going to be monitoring ANAS as it searches for support, and putting this play on bottom watch. The stock has been under consolidation since a recent run-up, so we’ll be looking to take advantage of any forthcoming bounceplay opportunities.

GRANDVILLE, Mich., May 6, 2014 /PRNewswire via COMTEX/ — Alternaturals, Inc. (OTCPink : ANAS) today announced that it has plans to begin buying back shares in the open market in order to increase shareholder value and position the company as either a favorable acquisition target, or for listing on a reporting market in the future. However, senior management vows not to reverse split the company.The company wants to make sure that the share structure is attractive to larger firms looking for an acquisition, in the event that becomes the best route to take. The company also wants to be ready for listing on a fully reporting market by the end of the year as a longer-term plan. >> FULL PR

Extended Watchlist:
ODP, FST, AKS, LIVE,

Blue Horseshoe Stocks: Pot Stocks Still Trending

Perhaps some of you were wondering why we went out of our way to re-affirm our interest in pot stocks yesterday. Our latest favorite sector provided a quick answer to that, as the uptrends continued for most of these plays. Once again we remind our readers that this up-and-coming market sector is bound to be one of the biggest stories of the year, and so far there’s no end in sight.

Alternative Energy Partners, Inc. AEGY

Our coverage of this medical marijuana stock in yesterday’s newsletter came just in the nick of time. The stock had been heating up in the previous session and did not disappoint, touching a low of .0036 before surging to a high of .0065. That marks an intraday gain of 81% on almost a billion shares traded (Roughly 9x the 3mo. average), and was a strong enough performance to land us atop the Penny Stock Rumble, an honor we’re no strangers to receiving:

The stock looks like it wants to gap up again this morning, so we;ll be watching AEGY diligently today.

Other Winning Cannabis Calls

Along with our reminder to continue paying attention to all marijuana-related stocks yesterday, we included a list of several of the more notable candidates, and of that list most of them saw substantial gains.

EAPH – Daily Range: .0165-.0243 – Max Gain: 47%

CBIS – Daily Range: .146-.26 – Max Gain: 78%

MJNA – Daily Range: .3151-.40 – Max Gain: 27%

HEMP – Daily Range: .059-.071 – Max Gain: 20%

SKTO – Daily Range: .024-.0349 – Max Gain: 45%

ERBB – Daily Range: .012-.0147- Max Gain: 23%

TRTC – Daily Range: .385-.485 – Max Gain: 26%

Those are just a few of the opportunities that were available, as you can see from the following scan of yesterday’s most active OTC stocks. The vast majority were marijuana-related, as the “Green Rush” saw new life breathed into it once again:

Central Wireless, Inc. CWIR

To add a new cannabis play to our spectrum this morning, we are looking at CWIR. We noticed that this stock has been running over the past couple of sessions on greatly increased volume, and is going to be one that we want to follow closely.

Extended Watchlist:
AKS, ARIA, CTIC, CAMT, ADMP, TXMD,