CYTK Archives - Page 3 of 3 - Blue Horseshoe Stocks

LTCHD, EDXC, PVEN, FB & Extended Watchlist

mCig, Inc. LTCHD

We put LTCHD up on yesterday afternoon’s Extended Watchlist, and are entering it into the discussion this morning as a new play on our marijuana-related stock radar. The company has recently transitioned to a new name, from Lifetech Industries to the current mCig. Along with that change, the company effected a 10-for-1 forward split.

For people who already owned shares prior to the restructuring, those shares were subject to a routine hold, which can take 3-5 days for the position to become free-trading. So we are on the lookout for a pullback this mid-week as that occurs, and people attempt to lock in profits by selling their shares into the market.

From there, we’ll be on the lookout for a bottom, and subsequent bounce.

The company falls under the marijuana stock category, as they are preparing for the rollout of their first mCig product within the next month. The company will be looking to capitalize on the legalization of marijuana in two states, as well as the growing popularity of “vapor pens” which vaporize cannabis concentrates for consumption.

BELLEVUE, WA, Aug 28, 2013 (Marketwired via COMTEX) — Lifetech Industries, Inc. (OTCBB: LTCHD), announces today that it has changed its name to mCig, Inc. and completed a forward stock split on a 10-for-1 basis.

On August 2, 2013, the Company’s Certificate of Incorporation was amended and restated to effect the name change and the forward stock split. The name change is part of an initiative led by incoming CEO Paul Rosenberg to reposition the company and its technology by launching a new consumer product, the mCig — a purpose built loose leaf eCig that will be launched next month.

mCig’s CEO, Paul Rosenberg, commented: “With the name change complete we can now focus on the next chapter of our business development targeting two long-term secular trends by developing consumer products that are exciting and disruptive. We will be updating our shareholders shortly with more information on our first product the mCig which will be launched in Q3 2013.”

The name change and the forward stock split were also approved by the Financial Industry Regulatory Authority (“FINRA”). The name change and forward split will be effective for trading purposes on the open of business on Thursday August 29, 2013. The new symbol will be (LTCHD) for 20 business days until September 27, 2013 when the symbol will change to (MCIG).

ENDEXX Corp. EDXC

EDXC is another medical marijuana play that we’ve been covering for quite some time. It also appeared in Friday’s report that revisited our interest in many cannabis stocks. Since that time, EDXC has traded from a low of .055 (Friday) to yesterday’s high of .097. That works out to a two-session move of 76%

Congrats to anyone who was able to take advantage of that timely alert, and be sure to check out that report containing all of our marijuana interests, as the entire sector was given a morale boost via last week’s US Department of Justice announcement that the federal government would not be interfering in individual states rights to make marijuana available to their citizens for both medical and recreational use.

Press Ventures, Inc. PVEN

PVEN has experienced an abnormal burst in volume over the past week or so, and yesterday’s volume exceeded the three days’ prior combined. Given that the stock wasn’t really trading up to that point, we have reason to suspect that PVEN could be the subject of an upcoming promotion. This out-of-the-blue volume explosion could be a result of front-loading, and so we are placing this stock on watch for any major price movements that could occur.

We also exercise the utmost caution when dealing with plays that have promotional activity going on behind the scenes, and this instance is no different.

Facebook, Inc. FB Options

FB has recently been pushing its 52-week highs (Hit 42.26 on Friday), so we are looking at how to capitalize on the trend via options trading. The 09/13 $41 Calls (closed at 1.57 yesterday) are of great interest to us, because if FB can breakout to $45 by next Friday, we could be looking at multi-bag gains from these contracts.

Extended Watchlist:
RMTI, INO, ZLCS, CYTK, STXS

ENTB, BMSN, VELT & Extended Watchlist

Entest BioMedical, Inc. ENTB
&
BioMatrix Scientific Group, Inc. BMSN

We’ve talked about each of these stocks in the past, and wanted to bring them back into the discussion this morning. Both of these subpenny biomed plays has been trading in a sideways channel and have found new levels of support, and we’d like to start monitoring for any signs of increasing volume. In both cases, a relatively small amount of buying pressure could give way to some serious gains.

Earlier this year, ENTB brought us gains in excess of 960% as we called its run from .001 to .0104, and BMSN generated the opportunity at a mind-numbing 5400% in in monstrous spike from .0003 to .0165. Thus we are well aware of each of these stocks capability of making huge moves. We’ll be following closely through the upcoming fall season for any signs of history repeating itself.

Velti Plc. VELT

We added VELT to our watchlists yesterday, stating it was “gapping down to all time lows…” and to “keep on watch for a potential bounce”. We observed the stock fall to a low of .33, and this morning it appears that VELT is gapping up to the tune of 17% It’s possible that this is a signal of the bounce we were looking for, so this one will be near the top of our tickers today.

Extended Watchlist:
VHGI, NPWZ, DRYS, SUNE, CVO, CCCR, CYTK

MINE, PGRX & Extended Watchlist

Minerco Resources , Inc. MINE

MINE is an old favorite of ours that we’ve tracked for quite some time. Just following our highlight of the stock earlier this month, we saw a 100% move from .0015 to .003. In the weeks that followed that, there was a pullback to .0014 as it geared up for another swing. Yesterday’s close of .0024 marked a gain of another 71%, bringing our aggregate gains for the month of June to 171% .

Currently we are looking for MINE to break resistance at the 200DMA of .0025. If it can push past that mark, we’ll be looking to test its recent swing high of .0032. Beyond that level, we could possibly see a challenge of an earlier swing high from February at .004.

Prospect Global Resources, Inc. PGRX
Yesterday PGRX caught our interest with a breakout session, trading up significantly on near-record volume, breaking through its 50DMA (.25) and closing at the its high of day at .267. We want to put this mover on watch this morning for a continuation of the momentum that we saw building up yesterday.

Orchard Supply Hardware Corp. OSH
OSH is gapping down significantly, so we will want to scan it readily for a bottom-bounce. The recovery could be good for significant gains if timed properly.

Extended Watchlist:
PLUG, CYTK, FNMA, MSTX

OSLH, FNMA, MINE & Extended Watchlist

OSL Holdings, Inc. OSLH
After appearing in our Extended Watchlist yesterday, OSLH went on to have a nice session, opening up at .03, dipping as low as .025, and running as high as .075, before closing at a nickel.Gains of up to 200% were possible, a great first day performance from the stock. At these levels, OSLH is still at a relative lows, having hit prices in the .20’s as recently as the beginning of April.

Moving forward, we’d like to see OSLH get past current resistance at .075, and beyond that, .0943, as a move past these points could signal the start of another breakout.

We put together a video of the OSLH chart as well:

ORANGEBURG, N.Y., June 4, 2013 /PRNewswire via COMTEX/ — OSL Holdings (www.oslholdings.com), Inc. (OTCQB: OSLH) (“OSL” or the “Company”), a developer of technology platforms that enable real-time sales and trend information exchange between brands and retailers, today announced a new Equality Rewards partnership with the Los Angeles Gay & Lesbian Chamber of Commerce (LAGLCC) (http://www.laglcc.org), the world’s largest organization of gay, lesbian, bisexual, transgender (LGBT), and gay-allied businesses, professionals, and individuals, who have joined together to effect positive growth in the workplace. Through its Equality Rewards program, OSL will work with current and new LAGLCC members to offer special discounts and promotions for member organization’s products and services.

Fannie Mae FNMA
After allowing us to rake in substantial gains in recent weeks, FNMA continues to provide opportunities. Following a low of 1.30 observed on Friday, yesterday brought gains of up to 108% as FNMA ran back to 2.70.

The last run Fannie made took us to over 5.00, so we will certainly be monitoring continuously, as the intraday opportunities have been plentiful. A return to the 5-dollar level from here would amount to yet another triple-digit gain, so our eyes will definitely be peeled.

Minerco Resources, Inc. MINE
Minerco Resources, Inc.Minerco Resources, Inc.Minerco Resources, Inc.Minerco Resources, Inc.MINE ended hitting a high of .0032 yesterday, and from our initial alert price of .0011, that marks a gain of 191%

Once MINE failed to hold above the 200DMA of .0025, it was time for us to exit stage left with our tidy profits.

Extended Watchlist:
STWG, TCPS, PPHM, CYTK,

AAPL, TLON & Extended Watchlist

Apple, Inc. AAPL -Options

We don’t normally put option-plays in the newsletter, but when we do, it seems to work very nicely. Our mention of the $605 and $610 Calls yielded the opportunity for big gains. The Apple $605 Calls traded as low 4.70, and hit a high of 9.90, for over 100%, and the $610 Calls, traded as low as 2.85, and touched a high of 6.90, for 142% in gains.

Since Apple looks like it wants to gap up above $615, we want to move our strike price up and look at the $620 and $625 Calls. The $620’s closed at 2.42 yesterday, and the $625’s were at 1.65. In the event that AAPL can break the $620 mark, $630 and $640 will be the next resistance points.

***Bullish Points***

-The CCI Is attempting to make it past the 50MA

-RSI Just passed the 50-line and the 50MA

-PPO looks like it wants to cross over above 50MA

-Blue bars on the histogram look like they want to reverse to the top side

-Slow STO recently crossed over passing through the 50 line looking like it wants to break above the 50MA

-The stock broke back above the 20, 50 and 100 day moving averages this week.

____

Talon Therapeutics, Inc. TLON

We observed TLON dip to close at 1.21, and we are expecting a rebound into the company’s Aug.12th FDA date.

It is to be expected to see pullbacks after the three consecutive days of gains that preceeded it, and it provides folks who were late to the party last time a chance to get in on the fun.

____

Extended Watchlist:

ICNB, CYTK, BBDA, SIMG, AAPT, ASKE