CMGO | Blue Horseshoe Stocks

Blue Horseshoe Stocks: Reviewing PBR, HMLA, SPY & More

Petroleo Brasiliero SA (Petrobras) PBR – Options

Revisiting PBR this week as the stock has been trending up off of its lowest PPS in the last dozen years, continued to be a good decision yesterday.

For those that may have missed the reports, our primary targets were the PBR Weekly $5.00 and $5.50 Calls, with the $6 Calls as a conditional target in the event that PBR rebounded high enough. The action in the stock certainly provided us with the chance at solid gains across the board in the previous session, with the $5’s, $5.50’s, and $6’s logging intraday gains of 42%, 80%, and 175%, respectively.

That pattern of potential repeated itself and grew exponentially yesterday. The opportunities were as follows:

$5 Calls – Daily Range: .38-.66 – Max Gain: 74%
$5.50 Calls – Daily Range: .06-.28 – Max Gain: 366%
$6 Calls – Daily Range: .02-.05 – Max Gain: 150%

Moving forward, we’ll look for dip-and-rip off of this morning’s premarket high of 5.98, and for us to remain interested in these contracts, we’ll need to see support hold at or above 5.50 on that dip.

Homeland Resources, Ltd. HMLA

We were tracking HMLA through our extended watchlist yesterday, and observed a solid intraday run from the stock.

From an early low of .00189, the stock ran into the close as reached a new high of .003. That goes on the books as an intraday swing of 59% so cheers to anyone who pared some profits out of that move.

Fresh SPY Options Ideas

We had a tremendous amount of success with the SPY last week, observing astronomical moves in our targeted contracts. We even had an exceedingly rare, single-session mover of over 20,000%! We would be thrilled if today’s ideas yielded the chance at even a small fraction of those mammoth gains!

Based on yesterday’s activity on SPY chart, current market conditions, and time-decay evaporating premiums on weekly contracts, we’re going to look for quick-strike opportunities in the SPY Weekly $199.50-203 Calls.

Don’t forget: Trading options with a weekly expiration on a Friday inherently carries an elevated risk/reward dynamic.

Extended Watchlist:
ABHI, CMGO, HEMP, ACTL

Blue Horseshoe Stocks: GBSN Review & More

Great Basin Scientific, Inc. GBSN

If it wasn’t already clear why we kept GBSN on bottom-watch for the past three weeks since our initial flag, yesterday’s continued uptrend brought it into much clearer focus.

Yesterday, after we re-alerted our readers that it had finally lifted off from its annual lows with a nice 50% intraday move, we mentioned that we wanted to see the stock establish a higher base of support as well as new highs, and it got a good start toward that end.

From its morning low of .098, the stock hurtled its way up to a daily high of .1389, which represents an intraday swing of 63%, and from its ultimate low of a nickel from the session prior, an overall increase of 178%

Once again, we’ll look for GBSN to exhibit signs of a more sustained recovery in sessions to come; as a quick view of the current chart reveals, the stock is still in heavily oversold territory and still looking bullish. We’ll want to see it maintain support at a minimum of .0785 to consider the uptrend still in effect.

Heron Therapeutics, Inc. HRTX

HRTX is gapping up heavily in the premarket today on the heels of yesterday’s revelation that the company’s bunionectomy pain drug generated exceedingly positive top-line results in Phase II studies. There is a conference call that just got underway at 8:30AM Eastern discussing the results of that study.

Despite the excitement being shown presently, leading up to this series of events, the HRTX Chart was on its way down and looking ripe for further losses, with the PPS sinking below the 50DMA for the first time since early August, a weakening RSI, and a bearish MACD. We’re going to be looking at a way to take advantage as the stock pulls back off of this morning’s perhaps over-inflated excitement.

If it turns out as we suspect it may, we’ll look for action in the HRTX Weekly $45 and $42.50 Puts, however, in the event that it appears a bigger move up is imminent, we’d need to hop to the other side of the fence, and in that case, we’d most likely look to the Weekly $40 Calls.

Clean Coal Technologies, Inc. CCTC

We first put CCTC on watch a couple of weeks back, including in our reports on both the 9th and 10th of this month. On those first two days, we witnessed a 42% run from .45-.64, which preceded a pullback to a low of .36 the following day (11th).

Since that time, CCTC has been on a steady incline, and yesterday stock reached a new high of .7238, which marks a seven-session swing of 101% Both it and GBSN have clearly demonstrated why it’s smart to keep a continuous eye on stocks appear to present a good opportunity. Occasionally it takes several days for an idea to mature, but as we saw in both cases here, our initial instincts did prove correct.

Extended Watchlist:
SIRG, STTX, EVTI, CMGO

ONTC, RFMK, CMGO & Extended Watchlist

Onteco Corp. ONTC

ONTC proved to be an excellent alert for us yesterday. The stock began trading premarket at .0008, and subsequently hit a high of .0012, trading over ten times the three month average volume. Even those unable to catch the bottom and hang on for maximum gains (50%), a 22% profit was possible from the .0009 PPS at the open, to .0011. Any way you slice it, ONTC was a successful pick for Wednesday. As our included video chart suggested, resistance began cropping up at the 20 and 50DMA at .0012.

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Rapid Fire Marketing, Inc. RFMK

This stock first appeared on our watchlist on September 20th. Yesterday marked a new high since we’ve been following RFMK. Being as low as .0021 on the day of our alert, and yesterday touching a high of .0041, we’ve seen the opportunity to make a profit of 95%

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CMG Holdings, Inc. CMGO

CMGO first appeared in our newsletter on the 17th, and we re-alerted it again on Tuesday. From Tuesday’s low of .026 to yesterday’s high of .035, represents a gain of 35%

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Extended Watchlist:

EGCT, ECOB, MRNA, MJNA, CBIS, CCAJ, CLRX,