Tag: BWEN

No Shortage of Good Options Plays

A Successful Tuesday Slate: 

We kept things trending in a good direction with the options ideas we signaled in our premarket report yesterday morning, offering up our best shots with a slate of four potential targets for our readers. With the exception of one single contract set in one of those designated ranges, we saw appreciable intraday movement and gain chances in every case.

Those targets were the BABA 01/20 $111-113 Calls, the FRO 01/20 $13-14 Calls, the ACI 01/20 $20-21 Calls, and the PSMT 01/20 $60-65 Calls. The potential profits on those ranged from nominal with the ACI targets, to extremely impressive, in the case of FRO. Here’s how all of those ideas came through for us:

BABA 01/20 $111-113 Calls
$111: 2.97-5.45 (+84%)
$112: 2.49-4.80 (+93%)
$113: 2.05-4.15 (+102%)
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FRO 01/20 $13-14 Calls
$13: .63-1.75 (+178%)
$14: .20-.97 (+385%)
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ACI 01/20 $20-21 Calls
$20: 1.00-1.30 (+30%)
$21: .24-.40 (+75%)
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PSMT 01/20 $60-65 Calls
$65: 1.00-3.61 (+261%)

Fresh Options Ideas:
KBH 01/20 $34-35 Calls
SPY 01/11 $391-392 Calls*
TSLA Weekly $120-122 Calls
BBBY Weekly $2.50 Calls 

*Trading options on their day of expiration is typically a higher risk/reward situation, and should only be attempted by experienced traders

Extended Watchlist:
CLGCF, CLVSQ, TUEM, KNOS, FRFR, STRY, KGKG, TLSS, NEWH, BIOR, BWEN, LIPO, BBBY, HEPA, LASE

Blue Horseshoe Stocks: MJMJ, MEET Recaps & More

MeetMe, Inc. MEET

Yesterday we tagged MEET for the first time since last year, and our timing in turning our attention back to it was excellent. On the strength of improved Q2 guidance published in a premarket PR, the stock made a healthy intraday move.

From a morning low of 1.66, MEET went on to hit an even 2.00 high toward the end of the session; a 20% swing. Volume was excessive, on the order of roughly 22x the 3-month average. Ideally, we need to see MEET maintain support at or above the new 200DMA of 1.74 on any pullbacks in order for us to remain interested.

The MaryJane Group, Inc. MJMJ

At the end of last week we were monitoring MJMJ for a bottom, After coming up off its bottom on Tuesday and providing us with a quality  opportunity, MJMJ continued to perform well with a nice intraday surge.

The stock made its way from an early low of .0036, and managed a subsequent high of .0055; a hefty 53% move.

From our observed low of .0027, we’ve seen an overall increase of 104% over a period of just a few sessions. With many cannabis stocks beginning to show increased signs of life lately, we’ll be sure to continue monitoring this play and others in the sector.

Cleveland BioLabs, Inc. CBLI

We want to keep an eye on CBLI after this morning’s big announcement (link below), which has essentially caused the stock to enter into Blue-Sky Breakout mode this morning, cracking through its 200DMA of 5.35 in the premarket. If it can maintain that 200DMA as support on an early pullback, we could see added increases.

Regardless, whenever we run across a stock in this position we’re always on the lookout for dip-and-rip scenarios to occur after a consolidation. It’s a pattern that we’ve seen played out time and time again.

Pazoo, Inc. PZOO

We also noticed a PR published on PZOO for the second consecutive day. After yesterday’s big announcement that the company had fully acquired MA & Associates’ marijuana testing business, today we learned that the company’s other subsidiary has signed a new, potentially lucrative distribution agreement.

Pazoo is another company that falls under the category of those doing everything they can to capitalize on the ever-expanding marijuana sector. It has remained extremely active in pursuing that goal over the entire time we’ve been tracking the stock.

Extended Watchlist:
RXMD, MHR, PTNT, RXII, BWEN, INVT

PSWS, ACGX & Extended Watchlist

PureSafe Water Systems, Inc. PSWS

PSWS earned us the top spot on Penny Stock Rumble yesterday, after appearing in our morning newsletter. We are pleased to report that we saw an enormous 369% move out of the stock from Monday’s low of .0049 to yesterday’s high of .023.

We saw resistance build up at the 200DMA of .0194  yesterday, a barrier we will have to breach to continue to see gains here. Should that occur, we would like to see that 200DMA hold as support. We have to remain vigilant at this stage of the game, and would urge extreme caution to those not yet in PSWS. This is a stock that has posted gains for nine straight days, so it stands to reason that a pullback could be in the cards for the near future.
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Alliance Creative Group, Inc. ACGX

We are no strangers to ACGX, and each time we’ve talked about this stock in the past, it has gone on to bring us some handsome profits. We’ve noticed this play getting attention from other newsletters, so we thought we’d re-mention it as well.

Last Thursday, ACGX announced that it had shipped 50,000 displays for Wellnx Life Sciences’ raspberry ketone and green coffee bean weight management products to the world’s largest retailer.

The chart is in the middle of a serious uptrend. As you can see below, the Accum/Dist has recently skyrocketed, and we have an RSI that is barreling into the power zone. The PPS recently broke through the moving averages, volume has recently begun to pick up, and the PPO and Slow STO are both diverging and heading north after both made bullish crosses in recent months.

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Extended Watchlist:
CLNP, PPHM, BWEN, SWHC, ECOB (Bottom Play – Coming Off 52-wk Lows),