Blue Horseshoe Stocks: EYES, BIOC Recaps, RSHCQ & More

Biocept, Inc. BIOC

BIOC continued to roll for the third straight day yesterday since we tagged the play in Monday’s extended watchlist. We witnessed a trading ramnge from 3.90-4.91, which marked an intraday move of 26% on nearly 12x its monthly average volume.

Calculated from the low of 1.71 which we observed on Monday, yesterday’s high represented an overall increase of 187% in a span of just three sessions.


Second Sight Medical Products, Inc.  EYES

We added EYES into the mix in Tuesday’s report, and it too continued to trend up yesterday. The stock traded in a daily range from 11.25 to 14.75, a healthy 31% intraday run.

From our observed low of 9.55 on Tuesday, yesterday’s high was equal to a 54% session-over-session move.


RadioShack Corp. RSHCQ

We want to update our readers on RadioShack today, which despite its ongoing bankruptcy proceedings, has been a winning selection for us this year. We first jumped on it in our report published on the morning of February 9th, whereupon we witnessed a low of .1251 and on Tuesday, the stock hit .37, which comes out to a twelve-session increase of 196%

Yesterday we received word of the approval from a U.S. Bankruptcy Court judge to auction off roughly 2,000 RadioShack stores, with an initial bid of $200M having been entered by the Standard General hedge fund.

Lawyers for RadioShack claim that the company has received bids on the leases of more than 200 of the 1,100 locations slated for immediate shutdown, including interest from a unit of GameStop Corp. >> View Article

We’ll be interested to monitoring RSHCQ as events continue to unfold in coming weeks.


Yesterday’s Extended Watchlist Movers 

We also had a number of plays from yesterday’s extended watchlist make notable moves:

Legend Oil & Gas, Ltd. LOGL enjoyed an early pop, running straight out of the gate from a low of .0038 to as high as .0049; good enough for a quick intraday scalp of up to 29%

BenefitFocus, Inc. BNFT produced a substantial spike for a stock trading in its price range, rising steadily from its low 32.15 to hit 37.94, a gain of 18%

SFX Entertainment, Inc. SFXE also recorded a modest intraday increase of 14% as it traded in a range from 4.36 to 4.95. It’s worth mentioning that while the CEO of SFXE is attempting to take the company private, the board has come under investigation regarding the equitability of the proposed terms of that deal. Anyone considering SFXE should make themselves fully aware of that situation as it unfolds. >>> GO TO PR


Extended Watchlist:
ELX, PVA, ATOS, FRO, NXTD, GOGO(Signed deal with Delta)

Blue Horseshoe Stocks: WATT Recap & More

Energous Corp.  WATT

WATT was included in our extended watchlist on Wednesday before the holiday break, and the stock went on to make a modest yet solid move, despite having only a short session in which to do so. We saw the stock rise from an early low of 8.40 on up to a high of 9.50, which represents an intraday spike of 13%

Apart from its bullish chart, one of the main reasons that WATT is so interesting is that its “WattUp” technology is so close to the cutting edge. Wireless charging has gained a fair bit of steam with charging mats over the past several years, but those require that the device be sitting on the pad. A technology that can rout power wirelessly over a much larger area has yet to make its way to the mainstream.

We’ll be keeping watch over WATT, which could really make a splash if the WattUp technology proves to be as versatile and efficient as the company claims, and is able to clear FCC Certification for which it is currently undergoing tests. >> LEARN MORE ABOUT THE TECHNOLOGY


Extended Watchlist:
ANV, AUY, ATOS, NOG

EWSI, FREE, PLUG, IDRA, DSCO & Extended Watchlist

E-Waste Systems, Inc.  EWSI
Following Friday’s newsletter, EWSI opened at its low of day at .043, and would go on to close at its high of day at .05, marking an increase of 16% This comes after we pointed out the stock coming off of a recent bottom, and with a bullish close like we saw on Friday, we are going to be watching this one to make higher lows and higher highs to confirm the current uptrend.

We were clued into re-alerting EWSI on Friday as a result of a good chart setup on both the RSI and the MACD. With no morning gap-up, Friday’s 16% move was purely realized gain.

We have witnessed EWSI run to ten cents in the past, so we know for a fact that it is capable of much larger gains. Indicators seem to point to the current push spanning multiple sessions, leaving it high on our watchlists as we begin a new trading week.


FreeSeas, Inc. FREE
Over the course of a few weeks since we alerted FREE for the first time on 09/10, we have seen FREE go on a mammoth run from .2213 all the way up to .9287, an increase of 320%

Following that peak, the stock has pulled back to find support in the .60-.70 range, and now have it on watch for another possible leg up from these levels. The next key area of resistance from here is going to be the 200DMA at .98.


Plug Power, Inc. PLUG

We first called PLUG on 02/15 as a “potential recovery play” right after we noticed the stock hitting its 52-week lows. What we ended up seeing from PLUG was a recovery, and then some. Over the past several months, the stock not only regained the ground to where it had fallen off a cliff in early February, but the stock has continued its ascent, touching a high of .80 in early September.

As you can see, gains of nearly 600% were possible for anyone who had caught this play at or near its 52-week low on the heels of our initial alert.


Idera Pharmaceuticals, Inc. IDRA
& Discovery Laboratories, Inc. DSCO

Both of these stocks gapped up on Friday after appearing in our extended watchlist, and we still have them on our radars heading into this week.

Each stock traded large volume during Friday’s sessions, so we’re interested to see if they can build up some momentum.


Extended Watchlist:

RNN, ONVO, ONTY, CTIC, TKMR, ATOS(Huge gap down, watching for a potential bounce)