Tag: CLSN

STKO, PNCH & Extended Watchlist

SK3 Group, Inc. SKTO

SKTO dropped news regarding the acquisition of a cannabis-related company, sending the stock on a ride yesterday of over 480%

According to the release, SKTO added a significant amount to its bottom line, as the acquisition target is a company with  more than 12M dollars in licensing agreements.

With this new development, SKTO has effectively placed itself in the list of marijuana stocks that we’ve been monitoring for several months. We have been essentially scanning the entire sector continuously during that time, which has yielded us some sizable profits so far.

In case you might have missed a few here and there, this is a rundown of every single cannabis stock we’ve looked at recently:  PHOT, MJNA, CBIS, RFMK, ERBB, GRNH, MDBX, MWIP, TRTC, EXMT, EDXC. In addition to STKO, here are some other new stocks in the field that have caught our attention: FSPM, NRBT, GTLA, GWPRF, HESG, PARS, SRER, SFIO, NVLX.

MIAMI, FL, Mar 11, 2013 (MARKETWIRE via COMTEX) — SK3 Group, Inc. (OTC Pink: SKTO) today announces that it has acquired Medical Greens (TM) and has changed its business model to focus purely in the medical marijuana space. Medical Greens (TM) currently provides licensing, management, and logistic services for Medical Marijuana collectives throughout California. In 2013 alone, Medical Greens (TM) has already contracted over $12.5 Million in licensing and service agreements.

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IC Punch Media, Inc. PNCH

PNCH (formerly ICPA) has been a focus of ours a few times on the years past, and has brought us huge percentage gains. The first run we ever observed from this play took it from triple-zero country all the way up over a nickel, so we are well aware of its track record for explosive gains.

Yesterday PNCH once again triggered our scanners as it broke a key resistance point at .005, an area on the chart that it has been struggling to surpass since November.  Up until that time, .005 had acted as support, and we’ve been waiting for a move back above it, and now that it has, we’d like to see that once again become the support level for the stock.

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Extended Watchlist:
FRTD, MDIN, CLNO, PPHM, GNIN, CLSN, ECTE, GLUU

XTOG, SNRV, LQMT, PPHM & Extended Watchlist

Options Trading

Last Thursday, we mentioned that we were looking into the SPY 153.50 Calls as we saw the SPY gapping up. They traded as low as 1.04, and ended up closing at 1.45. Then on Friday, they opened over two dollars,  hit 2.09 in the first ten minutes of trading, and by later that afternoon had pulled back to 1.28. We then saw a subsequent run to a new high of 2.13. Savvy traders could have flipped the SPY 153.50 Calls twice in as many days, with gains totaling more than 150%

We are looking for a consolidation from the SPY in the beginning of this week, and plan to revisit it later in the week for a bounce.

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Xtreme Oil & Gas, Inc. XTOG &

Sun River Energy, Inc. SNRV

These two oil & gas plays hit our scanners recently. The energy sector is remarkably hot right now, and here are just a couple of related stocks that are maintaining our interest as we begin this new trading week.

After each made significant moves last week, we are going to be on the lookout for continued momentum and/or bounce plays moving forward.

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Liquidmetal Technologies, Inc. LQMT

This is another stock that we pulled off of our scanners this weekend. The action on Friday pushed the stock above its 20DMA. We are looking at the nine-cent 50DMA as the next key level of resistance, and if it can push past that, we feel it could go back to .105, a recent swing-high from a couple weeks back. We’d like to see support continue to hold in the .07-.08 range.

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Peregrine Pharmaceuticals, Inc. PPHM

PPHM is a big board stock that has done exceedingly well for us on several occasions, dating back to early last year when we first began tracking its movements.

During Friday’s session session, PPHM showed strength as it cracked through its 200DMA at 1.50, which is a bullish confirmation. We’d like to see that level hold as support. The next key resistance sits at the 50DMA of 1.78.

The MACD is kissing, and appears ready to converge for a cross, and the RSI is steadily strengthening, touching the 50-line as it makes its way up towards the power zone.


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Extended Watchlist:
VDSC, JALA, PMEA, TRLR, CEDC, CLSN 

IDVC, SNDY & Extended Watchlist

Infrastructure Developments Corp. IDVC

IDVC appeared in our extended watchlists on March 4th & 5th, being as low as .001 at the time. Over the past three days, we’ve seen some pretty solid gains from the stock, and yesterday it closed just one tick below the HOD of .0025.

A key aspect of this week’s breakout was the breaching of the 200DMA at .0016, and we’d like to see that level hold as support moving forward. With the noticeable volume and momentum increase, IDVC has garnered itself a place on our watchlists heading into next week.

BARCHART.COM is currently giving IDVC a “56% Overall Buy” Rating

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Solos Endoscopy, Inc. SNDY

Within the first two weeks of trading in the new year, SNDY was as low as .0024. By the end of February, we saw a high of .0087, representing a 263% move in 2013.

Following that big run, there was a consolidation, and we watched the PPS slip back to a low of .0036, this past Wednesday. That level is higher than the previous low from this year, and support held above the 100DMA, a positive sign.

Yesterday, the stock opened at the low of day (.0039) and closed at the high of day  (.0055). That move broke through the 50 & 200DMA, and put the close at the 20DMA. It is the apparent strengthening of the chart that has us watching SNDY for its next leg up. A break of the resistance here at the .0055 area is key, and the next patch of resistance comes at a recent swing-high of .0087.

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Extended Watchlist:
BMSN, BTHR, CLSN, GNIN, SIRI, KWK