CNAB Archives - Page 2 of 2 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: QCOM, SPU Updates & More

SkyPeople Fruit Juice, Inc. SPU

Yesterday we were just remarking on the excellent performance of SPU, a stock we’d just tagged for observation last Friday, which had gone on a major upswing over the four preceding sessions. To that point, it had run from a low of 4.00 up to Wednesday’s high of 10.13 (+153%).

SPU proceeded to pile up the gains as it streaked to a new high once again during yesterday’s session. From an early low of 8.82, the stock broke past previous resistance and hit 12.30. That was good for an intraday gain of 39% as well as an overall increase over our observed low of 4.00 from Friday, amounting to 207%

Though the chart is beginning to look a bit toppy, we’ll stay on SPU’s trail provided it can continue to record higher daily lows as it has done each day since we initially brought it to the table. With the stock gapping up back into the $12-range in premarket trading, the table could be set for another interesting session.

QUALCOMM, Inc. QCOM – We caught QCOM on the heels of an earning beat yesterday and formulated a range of corresponding options ideas. Our highlighted target range was the QCOM Weekly $58-61 Calls, and all seven of the contracts within came up with solid single-session moves:

$58 Calls – Range: 1.35-2.42 – Max Gain: 79%
$58.50 Calls – Range: .99-1.95 – Max Gain: 97%
$59 Calls – Range: .60-1.50 – Max Gain: 150%
$59.50 Calls – Range: .34-1.05 – Max Gain: 209%
$60 Calls – Range: .15-.70 – Max Gain: 367%
$60.50 Calls – Range: .07-.40 – Max Gain: 471%
$61 Calls – Range: .04-.27 – Max Gain: 575%

It was the second day in a row that our options ideas yielded multi-bag profit potential, and a great example of why we continuously return to options trading as an alternative to traditional securities.

MaxSound Corp. MAXD

We also want to quickly congratulate anyone who caught our re-alert on MAXD this past Friday, when the stock was trading as low as .0043. Yesterday, it cracked though and held above the barrier into Pennyland, reaching a high of, and closing at .0125. That marks a 191% rip that we’ve witnessed here in under a week’s time!

Extended Watchlist:
CNAB, DKGR, DLYT, WEYL, IMUC,
KONE(Abnormal Activity, Potential Dip & Rip)

Blue Horseshoe Stocks: MAXD Recap, Cannabis Stocks & More

Max Sound Corp. MAXD

A huge standout from Thursday’s session was MAXD, which we tagged as a bottom-bouncer in our premarket report. The stock had been mostly trading sideways over the preceding couple of months, so our alert definitely came at the proper time.

From its daily low of .0033 right at the outset, the stock continually pushed the envelope for a vast majority of the session, eventually reaching the zenith at an impressive .007. That represented an intraday gain opportunity of up to 112% with heavy volume, on the order of more than three times the monthly average.

We’ll continue to track MAXD, looking for the stock continue building a higher base level of support in coming sessions.

United Cannabis Corp. CNAB

We’ve been monitoring the cannabis space more closely over the past couple of weeks, since a big development from the labs at GW Pharma (GWPH) sent shockwaves through the investment community and began to drive heavier interest back to marijuana related stocks.

We’re still seeing those effects reverberating down to several of these ‘pot-plays’. One that stood out to us on Thursday morning was CNAB, and it enjoyed a respectable intraday performance subsequent to our premarket flag. We observed a low of .51 first thing in the morning, and the stock took off like a rocket. The high it shot up to was .75, marking a 47% rip.

The stock maintained a good portion of its daily advance into a close at .673, and of course volume was much higher than normal, so this is another that we’ll keep on our watchlist for the time being.

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Cannabis Sativa, Inc. CBDS

Another run of success we’ve had recently within the cannabis sector has been due to our call of CBDS. We first introduced this stock to our reports in early February, and would monitor the stock as it found support at .30 several sessions later. From there it began a gradual rise that became much more pronounced midway through this month.

The gains on the chart since then have been absolutely stellar, and CBDS hasn’t looked back, as it recorded a new high of 3.73 on Thursday. That brought the overall upswing we’ve witnessed in just a month’s time to a meteoric 1143%
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ADDED NOTE:

Another handful of marijuana stocks we’ve tracked over a long period of time are HEMP, TRTC, and GRNH, and those will continue to garner our attention in the immediate future, with interest in the sector bubbling up once again.

Extended Watchlist:
ACAD, ALDR, GBSN, GEVO, MINE, TLSA, WRES

Blue Horseshoe Stocks: Options Update, New Idea & More

Valeant Pharmaceuticals International, Inc. VRX- Options Update

We wanted to circle back to touch upon an update for the VRX 04/22 $32 Calls we initially slated for observation on Tuesday. VRX trading activity allowed for us to witness a run from 2.90-3.90 that day, for possible gains of up to 35%

We stated as much in yesterday’s morning report, with the added reminder that we felt certain the scope of those gains would increase, and we were spot-on once again.

For the day we observed a move from 4.25-5.25, a relatively modest 24%, however as measured from the low we saw on Tuesday morning, it marked a two-day swing of 81%, so cheers to those of our readers who were following along with us on this play!

Tesla Motors, Inc. TSLA – New Options Idea

Up until yesterday’s session, TSLA had been enjoying an epic rally which began in early February, however, that began to fizzle out over the past couple of days. The stock now appears very top-heavy, and that was confirmed by a fall below its 200DMA yesterday.

In the event that this is a protracted backsliding event, we’re going to want to be ready with a corresponding options trading idea. We’re going to zero in on contracts in the range of TSLA March 24th $220-215 Puts, which qualify as Weekly contracts*, as the markets are closed tomorrow.

*Please remember, trading weekly options contracts on a Friday is an extreme high risk/high reward proposition, and is recommended for highly experienced traders only.

Celator Pharmaceuticals, Inc. CPXX

CPXX was a point of focus for us last Wednesday, when we caught a hot PR hitting the wires, and despite the stock already being up considerably at that point, we were able to glean a healthy 41% gain out of the stock that first day (from a low of 6.44).

As we’ve kept observing the play over the course of the week, we’ve seen a continual stream of higher highs and higher lows, which culminated in a new high of 12.64 yesterday. In exactly one week’s time, we saw CPXX make an overall swing totaling 96%

Great Basin Scientific, Inc. GBSN

We also want to give ourselves a quick pat on the back for calling GBSN to our readers attention via our extended watchlist yesterday. The stock was experiencing highly abnormal activity due to some FDA News and despite gapping up to the extreme, we still saw a dip-and-rip which carried the stock on an intraday run from .222-.29, a 31% swing.

Extended Watchlist:
PTX, JDST, CNAB, GVSI, MLCG, SIPC, MAXD(Bottom-bouncer)