Tag: DBMM

Blue Horseshoe Stocks: Wrapping Up Another Great Week

Baristas Coffee Company, Inc. BCCI

We first placed BCCI on our tracking list on Tuesday in our premarket report (and every day since), and the stock has gone on to make bullish moves all week. From our observed low of .009 on Tuesday, it took BCCI just three sessions to register an enormous swing to upside.

Yesterday the stock reached as high as .0279  which marked an intraweek increase of  210% and it did so on near-record volume, trading more than five-and-a-half times its 3-month average.

USA Restaurant Funding, Inc. USAR

USAR is another stock we’ve been tracking over multiple sessions this week. We entered it into the mix on Wednesday morning, at which time we witnessed lows of .0015 followed by a 93% run to .0029. We continued to track it into yesterday’s session whereupon the stock pressed from .0026 to a new high of .005 (+92% intraday) before falling back to the .002-range.

Two consecutive days with moves of better than 90% is nothing tio sneeze at; the overall range we observed in USAR in just a pair of trading days amounted to 233%


Fresh Options Ideas

We had tremendous success last Friday with sets of inversely-correlated options plays, so much so that we’ll try to do it again today. The VXX and the SPY have a tendency to mirror each other in reverse; we’ll use that fact to formulate a group of ideas that we feel have good potential based on this morning’s premarket activity.

The VXX Is gapping up over 4%, trending above both the 50DMA (19.75) and the 200DMA (21.08), and the set of options we’re going to be monitoring as a result are the VXX $20-22 Calls. Conversely, we’ll also track the SPY $206-203 Puts.

Notice the line we’ve drawn on the following VXX chart snapshot; the $22-mark has been acting as a key resistance area in recent months. A break past that figure could spell significant advances from this juncture. In the event that occurs, we may need to look at rolling up our strike prices accordingly.

Extended Watchlist:
CBIS, MHRC, CANV, HPTG, DBMM

Blue Horseshoe Stocks: Wrapping Up an Awesome Short Week

Magnum Hunter Resources Corp. MHRC

We really couldn’t have laid things out more plainly on Wednesday morning with respect to MHRC. We mentioned that we’d followed the stock all the way from our initial alert on 11/16 from a low of .021 to Tuesday’s high of .074 for a total increase of 252%

We then made it a point to remind our readers that there were still gaps to the upside to fill on the chart, which created the real possibility for further gains. The first gap we identified was from .08-.15 and sure enough, MHRC rose to meet the challenge, nearly filling that gap in its entirety.

The stock began from a morning low of .065 and reached as high as .146, which worked out to an intraday move of 125% and brought our overall observed range (.021-.146) to a mammoth 595%

We still need to keep a close eye on MHRC moving forward. The stock closed with strength at .137 on heavy volume, retaining its momentum-play status.

AgriEuro Corp. EURI

EURI was another momentum mover that up until Wednesday’s report had already shown us a 400% swing to the upside, and it too made a sizable intraday run leading into the holiday break.

The stock traded in a daily range from 1.15 to 1.69 giving traders a shot at modest yet solid intraday profits of 47%

We may look to cut-and-run from this point, as EURI has just been relegated to Caveat Emptor status by OTC Markets.

The Bon-Ton Stores, Inc. BONT

We’ve had success tracking BONT in the past, and this week has been a case of history repeating. We executed a textbook bottom bounce call on BONT, tagging it on Monday before observing a low of 1.25, and both Tuesday and Wednesday’s sessions produced bigtime advances of the chart.

It led to a high of 2.49 Wednesday, (+99%) leaving us just one percent shy of a perfect double-bagger on the week.


Pfizer, Inc. PFE – Options

Despite the recent uproar of excellent calls on various stocks, we didn’t want to break for the holiday without submitting a quick options-trading idea, and the one we identified was PFE Weekly $31-32.50 Calls, based on the premarket activity we were observing Wednesday morning.

Significant intraday spikes occurred in each set of contracts within that range, including a pair of four-baggers!

$31 Calls – Trading Range: 1.13-1.92  – Max Gain: 70%
$31.50 Calls – Trading Range: .62-1.60  – Max Gain: 158%
$32 Calls – Trading Range: .24-1.20 – Max Gain: 400%
$32.50 Calls – Trading Range: .13-.66 – Max Gain: 408%

If the bullish activity continues along a similar trend during today’s short session, we may look for quick-strike opportunities in a higher strike range. We’ll radar the PFE Weekly $32-33.50 Calls, but just remember that trading ceases at 1PM Eastern today, at which time all weekly options will expire! 

Extended Watchlist:
DBMM, FDBL, HPTG, IFCR, LTNC, EFUT, KBIO, AEZS

Blue Horseshoe Stocks: CDNL Recap, Potential Bottom-Play & More

Cardinal Resources, Inc. CDNL

CDNL is a stock that we’ve had on our radar since last month, and over the past several sessions it has built itself a heck of a chart, registering higher lows on each of the past six trading days.

We reminded our readers of our interest in CDNL again this week, re-mentioning it on Tuesday, and in the three-session span since that reminder went out, we’ve seen a 146% swing from .0057-.014. Based on a number of factors, we feel that there could be something left in the tank for this play, and we will continue to track its progress provided it can maintain support at or above the current 50DMA of .008 on any upcoming consolidations.

As we’ve highlighted on the following snapshot, the RSI on CDNL just breached into the power zone, while the MACD is giving off a bullish signal as well.

Sarepta Therapeutics, Inc. SRPT – Options Idea

SRPT is gapping up in a big way this morning, and thus we’d like to formulate an options idea to possibly take advantage of the setup we’re seeing.

The stock has already traded as high as $34-range in the premarket, and if it can hold above the 50DMA which we’ve pointed out on the chart below and continue its ascent, we’re going to be very interested in the Weekly $32-35 Calls and their potential for big moves today.

*We always like to remind our subscribers, especially those that have just joined our ranks, of the inherently elevated risk/reward dynamic that comes with trading weekly options contracts on a Friday. As we’ve explained in the past, time-decay starts to become a big factor with expiration coming at the closing bell- premiums evaporate, volatility naturally increases, and some huge opportunities for quick-strike swing trades can present themselves. 

Bon-Ton Stores, Inc. BONT – Extended-Term Bottom-Watch

We’ve had success with BONT in the past, and recently the stock has taken an epic pounding, culminating in a cliff-diving session yesterday. Whenever we spot activity like this, we go into vulture mode, carefully observing for a bounce signal. A correctly timed bottom here could result in a prime rebound play, so we’ll keep a keen watch over BONT today, and into next week.

Extended Watchlist:
BWMG, CHIT, CAPV, DBMM, IDTA,