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Blue Horseshoe Stocks: More Cannabis Updates

Zerez Holdings ZRZH

ZRZH provided us with a healthy intraday gain opportunity for the second straight session yesterday. Despite making its really big move on Monday, it still managed to trade in a range from .014 to a new high of .019; a 36% pop.

As we were just mentioning yesterday morning, the incredible run started out from a low of .0037 on Monday, so the two-day spike that we’ve witnessed comes out to 414% All that after simply noticing the stock wake up from a slumber in the prior session, so congrats to any who were able to use our alert to their advantage here.

While not directly involved in the cannabis space, we consider this one to be related in light of their smart greenhouse technology that is set to take advantage of renewed and ongoing interest in the cannabis growing business.

Galenfeha, Inc. GLFH

GLFH was another inclusion from Monday’s report that has steadily ramped its way up so far this week. Its range carried it up 35% from .026-.035 on our first day of observance, and yesterday it pushed its upper limit once again.

This time, the trading range was another modest move-up from .037-.043 (+16%) and the new high extended the total gains we’ve seen thus far to 65% in a two-session span. We’d be perfectly happy to see the stock continue its slow ascent in this fashion.

The Second Green Rush Continues

We once again took to the pages of our newsletter yesterday to urge everyone to zero in on marijuana related stocks due to the massive surge of volume and price increases that have hit the sector of late, and figure to continue through election day.

We’re counting on the passage of California’s recreational bill to pass, and of course, there are several other states where it’s a possibility as well. All in all, the cannabis space could balloon by a significant percentage of its current size and the moves we’re seeing already seem to be an advanced indicator of that.

Cannabics, Inc. CNBX – We first began calling for our readers to track CNBX on October 5th at which time we would see a low of .06. We’ve seen it go up hundreds of percentage points since then, and yesterday it piled on with another great session.

It traded in a daily range from .65-.94, for added gains of 45%, and an overall move up from our observed low totaling 1467% in just over three weeks!
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Marijuana Company of America, Inc. MCOA – MCOA is another continued mover. When placing it in yesterday’s report, it had already made a move of 490% from our witnessed low of .0094 to .0555.

Yesterday’s session added a run from .052 to .07 (+35%), which extends the gains we’ve seen on this play to 546% in less than a month’s time.
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Honorable Mention: Also among the pot plays highlighted in yesterday’s report was VAPE which posted a nice intraday gain as well. The stock traded from .01545-.022, for gains of up to 42% on the day.

Direxion Daily Gold Miners Bull 3X ETF (NUGT) – Options Idea

With the markets in general showing reticence over the impending election and the inherent uncertainties therein, we’re seeing some rocky road ahead in coming sessions for the dollar, so we want to have a plan in place for taking advantage of that, with a bullish gold call on NUGT.

To do that, we’re going to utilize the NUGT Weekly $15.50-16.50 Calls in the event that our suspicions on the state of things prove accurate.

Extended Watchlist:
DEAC, SGBY, SFOR, FRLF, MEDT, QEDN, CIIX, IFAN

Blue Horseshoe Stocks: ZRZH Recap, Big Pot Plays & More

Zerez Holdings ZRZH

After an abnormal volume alert showed ZRZH waking out of a slumber on Friday, we were prompted to include the stock on our watchlist yesterday, and the ensuing activity was quite impressive.

The stock saw a low of .0037, and steadily ramped its way up throughout the session, cracking the penny barrier and reaching .013 just prior to the close. That was good for intraday gains of up to 251% and we ended up seeing a strong close just a tick below at .012. In conjunction with continued high volume, we’ll be certain to keep tabs on ZRZH’s movements in coming sessions.

Galenfeha, Inc. GLFH – While it didn’t put up obscene numbers, GLFH was included in yesterday’s report, and did earn itself an honorable mention with a solid push from .026-.035. That’s a respectable rise of 35% This is just the type of low-volume, low-float plays that have the ability to make sharp moves to the upside with relatively light amounts of buying pressure, so we’ll remain vigilant here.

Critical Cannabis Votes Just a Week Away

We’ve been pounding the table for the past month, encouraging everyone to pay close attention to the cannabis sector as we approach election day. With the pivotal moment now just a week away, the invigoration of the space has continued as expected.

The birth of recreational marijuana industries are a possibility in California, Nevada, Arizona, Maine and Massachusetts, and the passing of even one of those initiatives will be a game changer. The anticipation alone has boosted several of the related stocks that we’ve been tracking.

Cannabics, Inc. CNBX – One of those is CNBX, which we initially tagged on October 5th and subsequently witnessed trades going off as low as .06. Since that time the stock has been steadily building higher base levels of support, and has really kicked things into high gear over the past few sessions.

We reminded our readers of its status in Friday’s report, at which point we had already seen the stock increase over 500%, and yesterday we witnessed a second straight huge session. CNBX traded in a range from .38-.74 (+95%) and that incredible new high works out to an overall increase of 1133% above our observed low from less than a month ago.

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Marijuana Company of America, Inc. MCOA – Speaking of pot plays we highlighted at the beginning of October that have made excellent runs, our tag of MCOA dates back to the 4th. At that time the stock was trading as low as .0094, and yesterday, we watched as it hit .0555. That equates to an overall increase of 490%

These are the types of gains that we’ve been trying to warn our readers of, and why we’ll continue to track the sector as a whole. Other players that could stand to see continued bolstering following election day and the hysteria that further legalization could bring to the marketplace are CBIS, MJNA, TRTC, HEMP, VAPE, CVSI, and NEWC, just to name a few.

Blue Horseshoe Stocks: Cannabis Updates, Options & More

Cannabics Pharmaceuticals, Inc. CNBX

We began talking about CNBX earlier this month, mentioning it on the 5th and 6th, as part of our ongoing effort to remind our readers of the myriad opportunities there are, and will continue to be, in the cannabis space. We’re now less than two weeks away from an election that should dramatically alter the landscape of the marijuana business.

CNBX is among a number of pot-related plays that we’ve had on our running tracklist, and with the help of a really strong month overall, it has come all the way from our observed low of .06 on the day of our initial mention (10/05) to a new high yesterday of .377. That works out to an increase of 528% inside of three weeks.

It wasn’t the first time we’ve seen such a huge move out of a cannabis stock, and it certainly won’t be the last.

MyDx, Inc. MYDX

Speaking of the cannabis sector, MYDX is another constituent of that space that we’ve been tracking this month only to witness some excellent moves to the upside.

We entered MYDX into the mix on the 10th, and subsequently observed a low of .0225. Since then it’s been a fairly steady ramp-up and yesterday the stock achieved a new high of .0525. It represents a total PPS rise of 133%, which, like the above-mentioned play, occurred in a span of less than three weeks.

Fresh Options Ideas

We’re going to close things out for the week with the following options ideas.

AMZN Weekly $780-772.50 Puts*

RCL Weekly $67.50-72.50 Calls*

*Don’t forget what we always say regarding the trading of weekly options on a Friday. Advanced traders ONLY!

Extended Watchlist:
CGRA, LQMT, ALKM, QEDN, TTCM, VOIS

Blue Horseshoe Stocks: Wrapping Up Another Great Week

Options Roundup

American Express Co. AXP – For a fresh idea yesterday, we signaled a range of AXP options that we felt would see some nice activity in the wake of an earnings beat for American Express. The targets were the AXP Weekly $64-65.50 Calls.

Our assumptions proved accurate, with major moves happening for all four sets of contracts contained within that range:

$64 Calls – Range: 1.10-3.83 – Max Gain: 248%
$64.50 Calls – Range: .81-3.20 – Max Gain: 295%
$65 Calls – Range: .44-3.57 – Max Gain: 711%
$65.50 Calls – Range: .33-2.30 – Max Gain: 597%

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Netflix, Inc. NFLX – We also had a running options idea going for NFLX since Tuesday, and the gains were extended even further for us in yesterday’s session. The NFLX Weekly $117-120 Calls have gone up every day since our initial alert, exceeding even our own expectations.

The updated figures below represent the range from Tuesday’s lows, to the new highs recorded yesterday, and the total possible gains therein:

$117 Calls – Range: 2.19-6.70 – Max Gain: 206%
$118 Calls – Range: 1.43-5.71 – Max Gain: 299%
$119 Calls – Range: 1.03-4.66 – Max Gain: 352%
$120 Calls – Range: 1.07-3.85 – Max Gain: 260%
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Today’s Fresh Ideas

Microsoft Corp MSFT – Continuing along our extremely successful pattern of taking advantage of earnings beats for options trading this week, we’re going to submit two last ideas today. With Microsoft hitting all-time highs, we’ll be very interested in tracking the activity in the MSFT Weekly $59-61 Calls*, and if the stock manages to break $61, of course we’d have to roll our strike prices up.
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McDonalds Corp. MCD – McDonalds’ earnings report is also being well received this morning and MCD was a stock that had been previously backsliding. We’ll look to take advantage of the potential reversal with the MCD Weekly $113-115 Calls*.

*We always issue an extra warning when highlighting an idea that involves trading weekly options on a Friday. If you’re not an advanced trader, don’t even attempt it!

Other Updates

OWC Pharmaceutical Research Corp. OWCP – We first began talking about OWCP on September 29th, and at the time we had designated it a subpenny bottom-play. Our observed low that day was .0045, and the stock has never looked back as it’s gone on an absolutely epic ride since then.

We were impressed enough after seeing it run over 1500% past the seven cent mark in the first week we were tracking it, but what came next was on another level. We called for our readers to watch for a dip-and-rip off of that initial run, and that’s just what happened.

The stock reached an incredible new high of .191 yesterday, marking a surreal 4144% gain over our observed low from just three weeks ago.

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GreenGro Technologies, Inc. GRNH – As we’ve been mentioning all week, cannabis plays are hot once again, and one of the latest movers in that department has been GRNH. We tagged it along with several other pot stocks that have been performing well on Tuesday. Since that time, it has traded up from .0905 to as high as .142, a 57% pop.

From our next most recent alert on GRNH on October 4th, the move has been even more impressive (.0651-.142; 118%).

As we said, we’ll continue to have it and other marijuana stocks on close watch as we approach election day, with several states having recreational marijuana on the ballot.

We’ve also prepared a video presentation of the charts on both of these plays, which you can view by tapping the image below:

Extended Watchlist:
COBI, CNAB, CNBX, NGMC, VAPR, OPTT, EVDY

Blue Horseshoe Stocks: Cannabis Updates, Options & More

OWC Pharmaceutical Research Corp. OWCP

We hardly need to tell our regular readers that we caught and alerted OWCP last Thursday at a low of .0045, because it has appeared in every single one of our premarket reports since then.

It’s rare to come across a multi-day runner of any duration, but one that continues for the span of an entire week without so much as a hiccup is really something special. Yesterday the stock parlayed its four-day head of steam into another great intraday run from .0261-.0468, a jump 79% That new high represented an overall five-session swing totaling 940%

Huge cheers go out to anyone who has participated in this epic run, which is part of the cannabis space, a sector that we’ve been tracking more closely as the landscape has been heating up. We’ll continue to track OWCP, not only for the potential of continued momentum, but for the eventual consolidation and subsequent bounceplay that’s sure to arise when that occurs.

Cannabis Pharmaceuticals, Inc. CNBX

Speaking of the cannabis space, another related play that appeared in yesterday’s report went on to have itself quite a nice single-session performance.

CNBX traded in a daily range from a low of .06 to .0819 on more than triple the monthly average volume, and closed at that high. That was good for a 37% move, and with the bullish close to consider, we’ll certainly want to keep a close eye on CNBX for the possibility of continued momentum.

Catalyst Pharmaceuticals, Inc. CPRX

We’d also like to take a minute to update readers on the performance of CPRX over the past couple of weeks, a stock that we tagged for observation back on September 16th. On that day we observed a low of .99, and CPRX hasn’t dipped below that point since.

Over the past couple of sessions, things have really ramped up, with the stock setting a new high of 1.58 yesterday, up 60% from our witnessed low. That occurred on the third highest traded volume in the stock’s history, and the highest number of shares traded in a single day since 2013.

Aurinia Pharmceuticals, Inc. AUPH

While we’re on the topic of pharma plays we’ve tagged recently that have taken off to new highs, we also have to make mention of AUPH. We placed this stock on watch in Monday morning‘s report, and the ensuing run has been solid enough to warrant continued observation.

From a low of 3.07, the stock traded up to 4.13 (+35%) on roughly four times the monthly average volume, and is gapping up this morning to around $5, extending that figure even higher.

Fresh Options Idea – Disney Co. DIS

We like the current setup of the DIS chart, and the chances for a long-term recovery, so we want to signal a range of extended term options calls to correspond with that.

We’re going to radar the DIS 11/11 $94-96 Calls and keep track over them in the weeks ahead. .

Extended Watchlist:
QTM, VNR, FRO, CERU, DRRX, CPS