Tag: CGEN

Blue Horseshoe Stocks: INCC, SHMN & More

International Consolidated Companies, Inc. INCC

To start  things off this morning we’re going to talk about INCC, a stock that popped up on one of our recent scans. It rose from the dead a couple of weeks ago, and has made a huge move from triple-zero territory into the .003’s pushing to new highs and putting us on alert.

When we see a stock in this position, we start to think about the potential for dip-and-rip opportunities. We’ll monitor the activity from here, waiting for the inevitable pullback, which will put us in vulture-mode. When we witness the bottom, that’s the time to swoop in, and make a quick play on the bounce.

SOHM, Inc. SHMN

This morning’s scan yielded a potential opportunity with SHMN. We like the look of this play for a few reasons. Firstly, the stock is coming off of a relative bottom, so we like the current price range here in the .002’s.

We also noticed the SHMN share structure, with just under 90M in the float, which is notably tight for a stock trading in this range.

The company also recently announced increased revenues, to the tune of a 65% increase last year.

All of these aspects of SHMN give us cause to place this stock on watch as we kick off another trading week.

Extended Watchlist:
STEM, QUIK, CGEN, INO

VLCK Options, OWOO & Extended Watchlist

VCLK Options
Last Monday, we were taking a look at the VCLK Options chain, specifically the $21 09/21 Calls. Following that report we observed a low of 1.10. By week’s end we observed an increase to 1.40 on Friday.

While we have not seen a power-move from VCLK as yet, with almost a month remaining until the expiration date on these contracts, there’s still plenty of time for that to occur. Especially the stock can continue to fill the gap on the chart (as we’ve pointed out below), the 09/21 $21’s could be pushed significantly deeper into the money by the the third week in September rolls around.

So far it has done a good job of posting higher highs and higher lows, and stairstepping its way toward those 50 and 200DMA’s at 23.38 and 24.00 respectively. We’ll be following along as it continues its recovery.

One World Holdings, Inc. OWOO
OWOO is coming off recent 52-week lows, and the company sent out a PR this morning containing some exciting news. They’ve retained the services of Steve Varner for the 3D sculpting of its planned line of celebrity dolls. Designing of two lines of Teenage Mutant Ninja Turtle action figures for Playmate Toys are among Varner’s notable acheivements.

It’s always interesting to observe the behavior of a stock that is coming off of its annual lows, especially one with untraded-upon news, so OWOO is going to be an area of interest for us as we kick off this new trading week.

HOUSTON, Aug 26, 2013 (GLOBE NEWSWIRE via COMTEX) — The One World Doll Project, subsidiary of One World Holdings, Inc. (OTCBB:OWOO) announced that it has partnered with Steve Varner of Varner Studios for all 3D modeling and sculpture work on its upcoming line of celebrity dolls.”When we first partnered with Steve Varner during the development of The Prettie Girls! Dolls, we immediately understood why his name is associated with so many successful toy products including Star Trek, Lara Croft Tomb Raider, The Teenage Mutant Ninja Turtles, McDonald’s Happy Meals and more,” said Joanne Melton, CEO of One World Holdings. “His work has always been of the highest quality and we are thrilled to once again have him as a part of the One World Team,” she added.

For more information on Steve Varner and Varner Studios log onto www.varnerstudios.com

Extended Watchlist:
IWEB,  AVNR, HEB, CGEN, INO, SUNE

Blue Horseshoe: Afternoon Updates & Reminder

Stereotaxis, Inc. STXS
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This morning we noted that key resistance was sitting at 8.99, and upon the open, STXS blew through that level on its way to a high of 10.20. That marks an intraday gain of 34% from the day’s low of 7.60, and an enormous move from last Tuesday’s alert at 2.33 amounting to more than 335%

Job well done to anyone who was able to take advantage of this juggernaut.

Compugen Ltd. CGEN

This morning, shares of CGEN gapped up significantly on the arrival of news stating that  the company had signed a collaboration and license agreement for R&D of antibody-based cancer immunotherapy with pharmaceutical behemoth, Bayer Healthcare.

As part of the agreement CGEN will be entitled to an upfront payment of $10M USD, with the addition of up to $500M in “milestone payments” from Bayer, who will retain commercialization rights to any resulting products, with CGEN receiving a royalty on global net sales.

Read more about the agreement between CGEN and Bayer in this article we published this morning.

IceWEB, Inc. IWEB

IWEB is hanging in there, maintaining support above the 50DMA, and we’d like to see that persist as we begin a new trading week. The stock is currently up 5% at .0271x.0295 at the time of this publication. We also saw news out today announcing a new partnership entered into by IceWEB. Click through below for more details.

Recent Press:

Info @ www.iceweb.com

Options Trading Side Note:

The AAPL Calls we’re following plowed upward as we suggested they might this morning.

The $465 calls were as cheap as 3.15,  last trading near the  high of day of 6.80.  The $460 calls were as cheap as 5.45, last trading near the high of day of 10.39.

At the time of the screen shot below, AAPL broke to a new high of day, hitting 469.30. As you can see, the $465 Calls responded with a positive move of more than 85%

SPECIAL REMINDER:

We’ve got a brand new subpenny stock lined up for tomorrow’s morning report that you won’t want to miss, so be sure to monitor your inboxes shortly before the open! This play has maintained higher lows after a recent consolidation that followed a big run off of it’s 52-wk low.  It is beginning to appear poised for another breakout, so get ready, because tomorrow should be another great day!