Tag: AKS

Blue Horseshoe Stocks: VSR, IBIO & More

Versar, Inc. VSR

VSR continued to play the role of this week’s most interesting pick on Thursday. The action in this play has been significant, and it has led to several potentially profitable swings since we first picked it up on Tuesday at a low of 3.70.

Yesterday we re-iterated our interest, stating that the kind of volatility we had seen in VSR to that point could certainly lead to further bounce opportunities, and we were correct in that assumption. In early trading, we witnessed a swing from 6.56 to the daily high of 7.817, a 19% move. We then watched as VSR spent a good portion of the afternoon in pullback mode before bouncing off of support at in the 5.20’s.

The stock is up in premarket trading again today with highs of over $6 so far, so for the fourth straight day we’ll have our eye on possible bounce action from VSR

Eagle Bulk Shipping EGLE

We tagged EGLE yesterday morning on the heels of a financial restructuring that led to a serious boost in PPS. The stock was up so much in fact, it was briefly halted early in the session. When trading resumed at 11AM, the stock still went on to make one heck of a move.

From an initial low of 12.02, the EGLE barreled its way up to a high of 17.00, a solid 41% increase on the day on significantly high volume.

iBio, Inc. IBIO

IBIO is a play that we’ve been tracking for some time, and it too posted a notable swing yesterday afternoon, as it rose up from 1.63 to touch 1.93, an 18% increase. The stock is also gapping up in the premarket this morning, having re-breached the $2-mark.

Repros Therapeutics, Inc. RPRX

This is a stock we caught this morning, noticing that it is gapping down 52-week lows in the pre-market. The company had some negatively received FDA news this morning. This kicks in our ‘vulture’ mindset, where we monitor a struggling play for signs of a turnaround and subsequent bounce. We can’t even begin to recall how many times we’ve turned a beaten-down stock into a winning trade on the rebound but rest assured, its enough for us to keep a close watch over RPRX moving forward.

Extended Watchlist:
APT, CYTR, ESI, AKS

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