Tag: ASTI

Blue Horseshoe Stocks: PBR, PTIE Updates, & More

Petroleo Brasiliero S.A. (Petrobras) PBR Options

Our long-time favorite options-trading target, PBR, after taking a significant beating over the past couple of weeks, finally found support in the 10.80’s and began to bounce back during yesterday’s session. It marked the lowest PPS we’ve witnessed since we first began watching this play. We’re also seeing a moderate gap-up in premarket trading this morning. We want to see it achieve higher lows and higher highs over the next few sessions to confirm the trend.

We’ve experienced many dips and rips with PBR over the roughly 7-month period we’ve been tracking it, and as we usually do in this situation, we’re going to attempt to take advantage of the recovery pattern we’re observing. For a specific idea, we want to radar the November 14th 12.00 Calls.

Pain Therapeutics, Inc. PTIE 

The huge gap down we noticed in the premarket yesterday is what drew us to include PTIE in our morning report. We mentioned that we’d monitor it for a eventual bounce and it came almost immediately. The stock saw a brief morning low of 1.61, and bounced back as high as 2.14 in the afternoon.

It marked a 33% intraday move, and intrigued us enough to want to continue watching as the week progresses.

The cause of the enormous gap-down was the nixing of an agreement the company had with Pfizer to develop and commercialize its Remoxy pain medication. It’s worth it to note that despite the huge setback, the stock came into this week with an analyst price target of 8.00/share.

Ascent Solar Technologies, Inc. ASTI

ASTI is one we’ve had an eye on for the past several weeks as it has searched out its own lows, and after reaching a bottom in the 1.40-range a couple of weeks ago, the stock has been making some nice strides to recover lost ground.

This morning the stock is gapping up over $2 on the heels of an early morning PR relating to a key milestone in a potentially lucrative Chinese joint venture.

Extended Watchlist:
DRYS, FRO, JNUG, WAVX, WMGIZ 

Blue Horseshoe Stocks: APPG, LULU, SCOK Updates & More

Apptigo International, Inc. APPG

We flagged APPG on August 25th after noticing that the stock was being subjected to a rapid sell-off, and was setting new 52-week lows. That period of consolidation continued over the past couple of weeks, as APPG finally found support just above .25 and began to bounce on Wednesday.

Yesterday we saw it recover nicely, briefly breaching the .40-mark before settling in to close at .38. The chart is exhibiting some signs of a premium-potential bottom play, so we’ll remain very interested in APPG provided it can hold support above .365 in order to break the pattern of its recent downtrend.

Lululemon Athletica, Inc. LULU Calls

Our options trading idea from yesterday’s newsletter was spot-on, with the dip-and-rip scenario we suggested playing itself out within the first twenty minutes of trading action. If you recall, we expected to see opportunities somewhere in the range of the $41-$43 Calls, and we weren’t disappointed.

The $42 Calls traded as low as 1.00 before ripping to a daily high of 3.38 (+238% intraday move), while the $43’s would trade up over an even more impressive span. Those saw a low of .59 and subsequent high of 3.02, making rapid gains of up to 411% a possibility.

Those were some serious opportunities, so a big cheer goes out to anyone who was able to take advantage.

SinoCoking Coal & Coke Chemical Industries, Inc. SCOK

SCOK, which has been a point of focus for us for most of this week, had another respectable day yesterday after we included in our extended watchlist. After a morning low of 5.60, the stock subsequently ran to 7.78, affording traders the chance to bag up to 39% in profits. Congratulations if you were among them!

Extended Watchlist:
S, ASTI, EFOI, OPTT, CGA

Blue Horseshoe Stocks: Kicking Off the Short Week

Good Morning Traders! We hope everyone enjoyed the long weekend; we’re all set to start the short week off strong. We’ve got several different things to talk about this morning, so without further ado, lets take a look: 

Dig-It Underground, Inc. DIGX

DIGX is a new item of interest that we’re going to start things off with today; the stock began to move on Thursday and Friday, and will be among the top plays that we’ll be monitoring for a potential breakout this week.

Per a recent PR, DIGX management has the intent to pursue opportunities in the cannabis sector, which we know as well as anyone, can mean big things on the chart if the company follows through so we’ll definitely be paying attention to that aspect of the story.

In the meantime, the company is supported by the revenues of its existing salon business, and we really like the potential of the chart as well:

We go over the DIGX Chart, as well as some of our other items of discussion this morning in the following video:

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

PBR hit yet another new high on Friday, this time pushing to 19.74. That spelled good things for the options contracts we’ve been tracking.

The January 17th $19 Calls, which we’ve seen as low as 1.23 as recently as Friday the 22nd, hit 2.48. That’s a one-week increase of 101% so congrats to anyone who was along for the ride.

Digital Ally, Inc. DGLY

DGLY pushed to new highs on Friday; the stock made a 15% intraday move to 19.86 which represents a sizable move up from recent lows.

We began to talk about this play on August 21st, at which time it was trading at 5.75, meaning we’ve already seen an overall increase of 245%

LabStyle Innovations Corp. DRIO

We brought up DRIO as a topic of discussion a week ago today, and we were pleased at the move we saw that day as the stock bounced from a low of .065 and ran as high as .08, a 23% spike.

The stock spent the next session under consolidation, and found support Thursday at .066, just one tick above our observed low. The bounce we saw from that point on would take DRIO to a new high, reaching its apex on Friday at a price of .093. That swing exceeded the initial run, and was good for gains of up to 40%

RadioShack Corp. RSH

We were seeing new highs attained all over the place on Friday, and RSH was no exception. The stock pressed to as much as 1.77 on more than six times the average volume.  That was just shy of the next key resistance point on the RSH chart, the 200DMA of 1.79.

Considering the fact that we caught this off of its 52-week low of .55 just a couple of weeks ago, we’d say we’ve fared pretty well with RSH. As of Friday’s new high, we were looking at an overall increase of 222%

Drone Aviation Holding Corp. DRNE

On Friday morning, we mentioned that we’d “have our eyes peeled for any chances that might present themselves with a potential rebound” in DRNE, and it was a good thing that we did.

The stock proceeded to trade from a morning low of .84, hit a high of 1.04 and closed just a penny below at 1.03. That was a healthy 24% move on nearly six times the 1-month average volume.

Side Notes:

Kandi Technologies, Inc. KNDI, a stock we’ve been familiar with in the past, got hit pretty hard during Friday’s session, presumably due to an adverse reaction to an announced secondary stock offering. We’re going to be monitoring the situation there, waiting for the dust to settle. It’s possible that it could lead us to some opportunities on a subsequent rebound.

Speaking of plays we’ll be monitoring on the heels of some recent consolidation, we’ve got China Finance Online, Ltd. JRJC. We tracked this play for gains of nearly 30% the week before last, and it had been pulling back off of that spike through last week, so we’ll be watching to see where this one finds support as well.

Extended Watchlist:
PAWS, CPWR, HGSH, ASTI, JDST, ADMP, EXEL(Large gap down radar for a eventual bounce)

Blue Horseshoe Stocks: DRL, PLUG Earnings & More

Doral Financial Corp. DRL

Following yesterday morning’s mention of DRL and the opportunities it has sent our way over the past couple of months, the stock once again provided for us. This time, it came in the form of a classic dip-and-rip, making its way down to an early-morning low of 6.80 before spending the rest of the session on the rise. We saw shares changing hands at 7.68 just prior to the close, a modest yet solid intraday move of 13%

Estimates have DRL’s earnings release pegged for the end of next week, so it should be interesting to see how this play fares over the next handful of trading days.

Petroleo Brasiliero SA (Petrobras) PBR Update

PBR has fallen into a consolidation pattern over the past couple of sessions, and we are monitoring the chart for signs of a bottom. The stock crept below 15.50, its lowest price in a month.

We’d like to see PBR get back above the 50DMA of 15.68, but in the meantime, we’ll  need to see support hold above the 14.50-mark. Once we observe the telltale signs of another turnaround, we’ll be able to re-form our options trading strategies.

Plug Power, Inc. PLUG– Earnings Released

Our regular readers are well familiar with PLUG, a stock that has graced our reports dozens of times over the years, which we tracked over a mind-numbing range, .135-11.72, from early 2013 to March of this year. This morning will be a good time to turn our attention back to this hall-of-famer.

We want to keep an eye on PLUG in the wake of its earnings release early this morning. The stock is presently gapping up on the strength of record revenues, and looks to be gearing up for an interesting session. We’ve taken an excerpt from the PR, and provided a link to the full release below:

Total revenue for the second quarter of 2014 was $17.3 million, comprised of $12.6 million of product revenue, $4.4 million of service revenue and $0.3 million of research and development (R&D) contract revenue. This compares to total revenue of $7.5 million in the second quarter of 2013, which was comprised of $5.6 million of product revenue, $1.5 million of service revenue and $0.4 million of R&D contract revenue.

The Company shipped 687 units during the second quarter of 2014 compared to 246 units in the second quarter of 2013. >>> FULL RELEASE

Extended Watchlist:
KRED, ASTI, SYN, OIBR, FRO, FREE

Blue Horseshoe Stocks: ACGX News Out


Alliance Creative Group, Inc. ACGX

Between this morning’s news, and the current state of the ACGX chart, we figured it was time to revisit this play. The stock has been under consolidation since the exceptional gains it has provided for us over the past couple of weeks, although it has held a decent level of support.

For those who don’t recall the specifics- We first alerted ACGX on April 16th (.0055), were rewarded with a run up to .011 (100% Gain), followed by a dip to the .0075 area, and a subsequent 25% move back up to .01.

As we stated above, the chart is in another consolidation pattern, so now is the time where we observe very closely for any signs of a reversal. As you can see on the annotated chart below, we’re looking to see support hold here at .0077. Should that not occur, we’ll need ACGX to hold support above our initial alert price.

This morning’s news is intriguing, outlining the company’s intent to cater to the rapidly-expanding marijuana sector, and service its printing and packaging needs. With all the new pot-related businesses that are springing up, surely there will be a great need for branding, and top-quality product presentation is one of the cornerstones in that area. The upcoming Cannabis Investor Conference in Denver will be an excellent litmus test for ACGX’s potential in the popular market space, as a multitude of legal and medical marijuana entities will be in attendance.

CHICAGO, IL–(Marketwired – April 30, 2014) – Alliance Creative Group, Inc. (ACGX) (www.AllianceCreativeGroup.com), is pleased to announce that it will be the Official Printing and Packaging Sponsor along with being a Presenter for the 1st Annual Cannabis Investor Conference in Denver, Colorado at the Denver Downtown Westin Hotel on June 29th to July 1st, 2014. The conference will connect privately held and publicly traded companies in the cannabis industry with industry investors, analysts, and tobacco companies and will include presentations, industry keynote speakers, panel discussions and one-on-one meetings. >>> FULL PR

The conference will be held just prior to Washington State’s planned start to legal recreational sales (Currently slated for July), so it gives us the impression that the sector as a whole could undergo a revitalization this summer, and ACGX could find itself reaping some of the benefits.

Extended Watchlist:
PTEK, SGYP, RFMD, ZA, ASTI, GFIG

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