CANF Archives - Page 2 of 4 - Blue Horseshoe Stocks

ADXS Update

Adavaxis, Inc. ADXS

Today we want to zero back in on a stock that we presented to our readers just a few weeks ago in our report from the morning of December 16th. Just a couple sessions following that alert, the stock bounced at a low of .55, and has been trending up ever since.

After weeks of steady growth, this morning the stock is receiving a booster shot in the premarket, having touched a new high of 1.57. That goes down as an upswing of 185% inside of three weeks!

Extended Watchlist:
CANF, TRIL, APA, MTL, SPT, VUZI

Options Recaps, New Ideas

The Walt Disney Co. DIS – Options Review

On Friday morning, we closed out the week with a last minute options ideasignaling our interest in the DIS Weekly $139-142 Calls. Despite a turbulent open for stocks in general, we saw some really nice early opportunities from those ideas.

The total possible gains on those contracts were as follows:

DIS Weekly $139-142 Calls
$139 Calls – Range: .61-1.48 – Max Gain: 143%
$140 Calls – Range: .38-.94 – Max Gain: 147%
$141 Calls – Range: .25-.54 – Max Gain: 116%
$142 Calls – Range: .12-.38 – Max Gain: 217%

AnaptysBio Inc. ANAB – Options Idea

We also took notice of ANAB this morning after the stock fell to new all-time lows yesterday. Just as a stock that shoots up a great deal in a short time must eventually come down to earth, one that tanks this hard is bound to recover some ground.

From current levels, a play on the stock itself could pan out favorably in a relatively short amount of time, but we will also designate some longer-term contracts in the options chain for an added idea. We’ll radar the ANAB 01/17 $10-15 Calls for observation over the next several weeks.

Extended Watchlist:
SPWR, CARB, HTBX, CANF, NKTR, TRNX, CLVS

Blue Horseshoe Stocks: OSTK Update & More

Overstock.com, Inc. OSTK

On Friday, we identified a pair of options targets for OSTK, the 10/04 $15.50 & 16 Calls. Despite falling to the low side toward the end of the day, there were some early opportunities for our designated contracts.

The $15.50 Calls traded up from 1.50-1.90 for a notable 27% intraday move, while the $16 Calls traded in a range from 1.40-1.96 (+40%).

With the late session dip, OSTK fell considerably, but we view this as no less than a buy-in opportunity on these very same contracts. We like the chances of seeing a quick rebound, and the potential for further gains out of these plays over the course of the next trading week or two.

Fresh Options Ideas:
ROKU 11/01 $115-118 Calls

Extended Watchlist:
MDR, AVDL, KNDI, OGEN, DRD, NTEC, CANF, PIRS, INPX

Blue Horseshoe Stocks: INMG, DRNK Recaps & More

Innovativ Media Group, Inc. INMG

When we last left off with INMG on Thursday morning, we had already seen a five session swing of 1400% over the previous week. While we certainly acknowledged the impressive gains, we stated, “the stock will peel back off of these impressive highs and that’s when we’ll be looking for what could be a serious dip-and-rip pattern.” Our assessment of the situation turned out to be very astute, and INMG experienced exactly the activity we suggested.

That morning, the stock dipped down significantly to ultimately find support at .0145, from which point it began a three-session span of recording higher lows and higher highs, leading up to yesterday’s high of .032. The ‘rip’ in our observed dip-and-rip on INMG has thus far amounted to an added opportunity for gains of up to 121% on the upswing!

NoHo, Inc. DRNK

Continuing along with another fantastic call we made just yesterday, we’ve got DRNK, which we explicitly stated could be the next super-subpenny “to go for a big ride”. It took no time at all for our hunch to come to fruition, as it showed us a really nice move on day one.

The stock traded up from .0003 to .00051, for a 70% intraday pop, which came on more than eight times the monthly average volume with more than 800 million shares changing hands on the day. It also held half its advance into a .0004 close.

The move was helped along by a well-received PR which hit wires shortly after our morning report concerning the company’s declaration of a moratorium on conversions along with the negotiation of a debt buyout:

David Mersky, NOHO’s CEO, stated, “We have come to terms with our majority note holder to freeze conversions, which puts NOHO in a very strong position moving forward with significant developments underway. This is a strong signal of our majority debt holder’s confidence in the long term vision we have for the Company. This agreement is also a big win for our shareholders, as we continue to make changes to reduce the outstanding shares and avoid dilution as a priority moving forward.” (>>View Full PR)

We’re really going to want to keep an eye on DRNK. With a commitment to cleaning up their share structure, along with the added attention that a big move on the chart is going to bring, we won’t rule out the possibility of DRNK breaking from the super-subpenny range to the subpenny range, or even higher.

Extended Watchlist:
PTN, ERHE, WNTR, CANF, CATB, CAPR, NAVB, STRP

Blue Horseshoe Stocks: LNKD Options Update & More

LinkedIn Corp. LNKD – Options

A week ago today, we formulated some options ideas for LNKD including a range of longer-term contracts for our watchlist, specifically August $220.00-230.00 Calls. This morning we wanted to give an update on the trading ranges of those contracts and the opportunities they have afforded us thus far.

08/21 $220 Calls – Range: 9.80-14.30 – Max Gain: 46%
08/21 $225 Calls – Range: 8.02-11.30 – Max Gain: 41%
08/21 $230 Calls – Range: 5.10-9.35 – Max Gain: 83%

We want to keep in mind that we essentially have all summer to continue monitoring these contracts. The swings we’ve seen up to this point could just be the tip of the iceberg, so we won’t let LNKD slip off of our radars. The stock has been on a steady rebound from recent lows since the end of May. We’ll be looking for it to continue to building the chart with higher highs and higher lows; key resistance is presently sitting at the 50DMA of 226.39.

Medican Enterprises, Inc. MDCN

We also need to remind our readers of a recent bottom-watch call we made in the form of MDCN. This cannabis-related play has appeared in our reports several times; most recently on May 26th. At the time we mentioned that the stock was searching for support after a months-long downtrend, and that we felt the possibility of a rebound was forthcoming.

While it took several sessions to occur, MDCN finally found its legs yesterday with an 85% swing from .0013-.0024. It closed with strength, maintaining more than 50% of its daily gains on heavy volume, so we’ll definitely continue to observe the action here for the possibility of a multi-day run.

TapImmune, Inc. TPIV

Another stock that we tagged earlier this spring has been making serious moves. Just to update, we tagged TPIV on April 16th and at the time the stock was trading below .20. Since then, it has increased more than three-fold, now pushing its way up into the mid-.80’s.

This stock could produce ample bounce-play opportunities when it finally does consolidate off of this latest run-up, so we’ll put it on closer watch into next week.

Extended Watchlist:
CTIC, BLDP, CYTX, MNKD, CANF