DRL Archives - Page 3 of 3 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: EAPH Updates & More

Easton Pharmaceuticals, Inc. EAPH

As we wrap up this short trading week, we thought we’d touch upon EAPH, a stock that has done big things for us this year. Some of our readers may recall our very first tag of this play back in January, around which time we observed the stock trading at a subpenny low of .0041.

By early February, less than a month later, EAPH shot up to a high of .0989 (+2300%) easily making it one of our top ten calls so far in 2014.

Since that huge run, there have been quite a few swings to follow, but the overall trend was toward consolidation, which over the past few months brought EAPH back to Earth. The stock bounced off of a low of .011 on 06/25, and over the past several sessions, has begun to recover some ground. Yesterday in particular brought EAPH close to the .02-mark, falling just shy with a high-of-day of .0197.

We’ll be paying closer attention to EAPH in sessions to come now that it has bounced off of support and is attempting to make up some of the ground lost in recent months. Key resistance is around the .021 level.

It’s just one of the marijuana-relatedstocks that began to feel a surge of life this week, as we suggested might happen in Tuesday morning’s report. Washington State’s legal sales will effectively begin next week, when the Liquor Control Board expects to issue the first retail licenses.

American Apparel, Inc. APP

APP, a stock that we have turned to for reliable profits year after year, has done exactly as we suggested when we brought it back to our reports on April 15th, noting that we were heading into the time of year when APP traditionally provides well for us; the stock was trading at a low of .47 around that time.

APP ran to more than .70 later that month, began to taper back into the .50-range and recently, on June 27th, the stock surged to hit a high of a dollar even, marking an overall move of 112%

As the stock consolidates off of that major spike, we will be watching for support, and the chance for possible bounceplay opportunities. The previous resistance area from .78-.82 is where we’ll be looking for support to hold. As the holiday retail season approaches, we will keep a continuous watch over APP.

Extended Watchlist:
DRL, ATNY, RAD, TRTC

Blue Horseshoe Stocks: PBR Update & More

Petroleo Brasiliero S.A. (Petrobras) PBR When we touched base with PBR on Wednesday morning, we mentioned that we were expecting some opportunities to come our way provided that the stock could hold support at or above its 200DMA (13.69).

We also showed interest in the July 19th $15 Calls, which, leading up to that point, had been trading in the .30-.38 range, and even ventured so far as to say that a double or triple could be possible. That move came rather quickly over the remainder of the trading week, as those contracts dipped as low as .25, and by the end of the day on Friday had come all the way back to close at .61.

For us, that represented an excellent three-session move, allowing gains of up to 144% for options traders. The stock itself made a modest move up also, to the tune of 8% from 13.62 to 14.77.

The PBR chart is still looking quite ripe, with several bullish indicators catching our attention. The RSI is strengthening rapidly, there appears to be a MACD cross in the making, and provided the stock can maintain support at or above the channel between the 50DMA of 14.19 and Friday’s swing low of 14.32, we like the chances of seeing even more gains from PBR.

For intraday/intraweek flip opportunities, we can look into the $14-$15 Weekly Calls, but granted the overall trend continues, a longer-term play will continue to be the 07/19 $15’s, which as we said, have already afforded us a double-bagger.

Shamika 2 Gold, Inc. SHMX

On Thursday, we added SHMX to the mix as a sub-penny play that had struck us as having some potential. As with the majority of stocks trading in the triple-zero range, SHMX is susceptible to rapid swings in price, and we saw that first hand as we closed out the week. On Friday, the stock saw a low of .0003, and a subsequent upswing to its closing price of .0005.

That made it possible for traders to nab a quick profit of 67% We always want to be extremely cautious when dealing with volatile plays in this price range, as they are not for the faint-hearted. Quick-strike trades are the order of the day, and for more skilled traders, proper timing of each dip and rip can lead to gains really piling up.

Extended Watchlist:
TMSH, TBEV, IDIX, ACHN, SQNM, DRL, PGNX, PFIE, LIVE

PNCH, GNIN & Extended Watchlist

IC Punch Media, Inc. PNCH

PNCH made a decent move for us yesterday, running 20% from a low of .006 to as much as .0072, and solidifying itself a place on today’s watchlist. Yesterday’s session held higher lows and higher highs than the previous trading day, generally a bullish indicator.

BARCHART.COM is currently giving PNCH a “72% Overall Buy” Rating, and 100% on short term indicators.

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Cannabis Stocks Still Popular
A couple of our marijuana stocks were on the rebound yesterday after we mentioned them in our morning alert. In fact, of the 8 stocks on our Hemp Stock Tracker on our blog at bluehorseshoestocks.com, only two failed to close green.

EDXC, which we’ve been tracking since Feb. 26th from a low of .04, closed at a new high of.105. At that price, 75-163% in gains have been attainable from the .04-.06 range when we first alerted the stock.

SKTO dipped to a low of .0031 in the first few minutes of trading on Tuesday, and then shot up to as high as .0058, marking a gain of 87% We then saw a pullback to .0038 before the stock ran back to .0055, for a bounce that added 45% in gains to our total. For having one day on our watchlist, SKTO has impressed us with its ability to produce multiple opportunities to profit. This is a play that we intend to monitor along with all of our other cannabis related stocks, a sector that has continuously met and even exceeded our expectations.

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Green Innovations Ltd. GNIN

GNIN hit a high of 2.24 yesterday, following our re-alerting of the stock in the beginning of last week. We also put out a video presentation of the GNIN chart. That level marks a gain of 124% from the stock’s one dollar low reached last Tuesday following our alert.

We’d like to congratulate anyone else was able to capitalize on those gains.

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Extended Watchlist:
BGMD, DRL, PPHM, MDIN,