DRWI Archives - Page 3 of 3 - Blue Horseshoe Stocks

PROW, REVI & Extended Watchlist

Progress Watch Corp. PROW
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We first introduced PROW to our reports on December 20th, when it was trading at a low of .0065. At that time, we pointed out the likelihood of a Golden Cross, and witnessed one just a couple weeks later. That signaled what would turn out to be an astonishingly impressive week-long breakout to a high of .0488, a rise of 650% from our initial alert price. Quite a move, considering it only took a little over three weeks to transpire.

PROW, is also extremely relevant to yesterday’s report on REVI, because it illustrates the potential power of the elusive Golden Cross chart formation.

Resource Ventures, Inc. REVI

We were pleased with the quick-strike opportunity our alert on REVI offered us yesterday. After opening at its low of day (.0074) the stock surged to a subsequent high of .0105, affording sharp traders the chance at gains of up to 42% After receding from that initial push, the stock found support at .008, bouncing back to .009 before closing at .0087, up 17.5% on the day and trading over 30% more volume than its 3mo. average.

We consider that an extremely solid performance from a stock being mentioned in our reports for the first time, and our call of the possible bounce from the .0074-level couldn’t have been timed any better.

We’re not done following this play, however, as it appears this company is doing everything in its power to improve its process and ensure its positioning for positive growth in the future. We’ll leave the recent press highlights we outlined in yesterday’s special report intact below for anyone who might have missed it; we’re looking forward to seeing how the company follows through with everything it currently has in the works. We also have the impending Golden Cross angle to follow, as we mentioned above; REVI is even closer to its potential Golden Cross than PROW was when we first mentioned it. So the potential for further gains in the days and weeks to come is certainly present. While past performances are no guarantee of future results, we’ve seen the Golden Cross scenario play out so many times to a positive effect, that we would be remiss not to point it out.

We’re also looking at a fresh news release the company put out this morning:

SILVERADO CA–(Marketwired – Jan 22, 2014) – Resource Ventures, Inc. (PINKSHEETS: REVI) President Bob Thompson announced today that the Company’s wholly owned subsidiary, Resources Printing and Graphics, Inc. (RP&G) has achieved a milestone in their Promotional Products, in that the division has grown to represent more than 25% of the company’s overall revenue.

“15 years ago RP&G started their Promotional Products division to satisfy the many customer requests received on a daily basis, RP&G’s printing customers kept pressing us to take on more of their other graphic needs; they like the 24/7 service we offer, and just wanted us to do more for them,” said Bob Thompson, President of Resource Ventures Inc. “Now over a half million products are offered from pens to cups to watches; anything you want to put logo or message on, we can likely do.”

RECENT PRESS HIGHLIGHTS:

– Company expects to report over $2M in revenue for year ending 12/31/13, a year-over-year rise in in excess of 40-50% (Report due no later than 04/01)

– Planned exchange uplisting, process for which could begin as early as Q2

– Company has committed to timely release of all pertinent data while it remains on OTC Pink

– New online store “WikiClickPrint.com” in “fast-track development” mode

www.resourcesprinting.com

Extended Watchlist:
BBRY, KOOL, EVOK, MSTX, DRWI, MELA, CVM

ACYD, PROP & Extended Watchlist

American Community Development Group, Inc. ACYD

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ACYD appears on our radar today as a full-bore breakout play, having increased over 3800% in less than a month. In June we tagged this stock as one to watch, and then again on 09/23. This illustrates why it is of vital importance to stay tuned to not only our daily focal points, but our extended watchlists as well.

At this point, ACYD has burst into the stratosphere, making entry from these levels extremely risky, if not inadvisable. We are not in the business of chasing extreme runners like this one, so what we’re going to do is monitor this play for a pullback and subsequent bounce.

It wouldn’t be the first time we’ve reaped profits from a stock in the same situation, if you recall BRND as an example. Over the summer, we timed the pullback after a series of tweets by Dennis Rodman caused the stock to spike violently over a very short period. On the heels of a gain in excess of more than 700%, that play afforded us a chance at over 80% on the dip-and-rip from .0077-.014.

Propell Technologies Group, Inc. PROP
Another extended watchlist play, yesterday we placed PROP on watch after noticing it had broken its 50DMA in recent sessions. It turned in a solid intraday performance to the tune of 20%, having traded as low as .44 before hitting a high of .527, and closing strong at .52.

The next key resistance resides at .56, coinciding with the current 200DMA. Just a heads-up: Failure to breach that hurdle at .56 would likely give way to a pullback.

Extended Watchlist:

FREE, SVFC, LQMT, CHTP, DRWI

BCAP, PURE, DRWI, CGUD & Extended Watchlist

Baron Capital Enterprise, Inc. BCAP

BCAP had a momentum-filled day yesterday, trading nearly 100M shares, over 4X its 3mo average volume. The stock managed to maintain a higher low of .0008, and hit a higher high at .0012, where it ran into resistance as we pointed out in yesterday’s afternoon alert.

This is the chart from that alert, identifying key resistance levels, at .0012 and .002. On the flipside, should we see a pullback, we would like to see support hold at .0007.

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PURE Bioscience PURE

PURE was a nice addition to yesterday’s watchlist, opening up at 1.30, and running to 1.60 in the first fifteen minutes of trading. We then saw a pullback to 1.42, before it bounced up to 1.68 by one o’clock. The low of day to the high of day marks 29% gained intraday.

As you can see on the chart, a really sharp trader could have played this more than once yesterday, for cumulative gains upwards of 40-50%

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Dragonwave, Inc. DRWI

Another nice opportunity for a quick flip, DRWI opened at 2.44 on Thursday, and hit a high of 2.72 right out of the gate, in the first twenty minutes. It then pulled back to 2.45 before shooting back to 2.61 for a quick 11% gain.

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Com-Guard.com, Inc. CGUD

We began talking about CGUD around the midpoint of last month. After a backslide to .0016 which was reached the day before yesterday, the stock rebounded to close out Thursday’s session at .0034. Ranging from .0016-.0034 marks the possibility of up to 113% gained in just a 48-hour period.

A return to its 52-wk high of .0064 (reached one day prior to our initial alert) would mark nearly another 100% gain.

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Extended Watchlist:
MSLP, RFMK, MJNA, LXRX, BRND,

AAPL, PURE, RAD, DRWI & Extended Watchlist

Apple, Inc. AAPL

Apple fared quite well on Wednesday. The $650 October 20th Calls we mentioned were as low as 7.70, and hit a high of 10.30, making 34% possible in just the first hour of trading.We will continue to monitor these calls heading into earnings, and we feel that there will be multiple opportunities to profit, just as we’ve seen over the past few days.

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Rite Aid Corp. RAD

Everyone should be familiar with a household name like Rite Aid. The stock has been on something of a downtrend for the past month, and seems to be ready to bounce off of oversold territory. A year ago this time, it was trading in the .90-range, and ran as high as 2.12 by mid-March. Now that RAD has returned to a support level, we want to put it on our watchlist, as a longer-term play to follow in the coming months.

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PURE Bioscience PURE

PURE has recently begun an uptrend off of its 52-wk low of .90, which it reached just under a month ago. As you can see from the included chart, the stock had traded between the 2.00-4.00 range for the majority of this year. Now that we are starting to see a rebound on this stock, we have a positive outlook that the stock will recover and trend upward over the next couple of months.

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Dragonwave, Inc. DRWI

DRWI is another big board play that just hit it’s 2.05 52-wk low on October 1st. Over the past few months, the stock has struggled to get above its 50DMA, currently sitting at 2.33. Provided a break past the resistance at that level, we could see a nice breakout. That is precisely the reason we are adding DRWI to the watchlist this morning.

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Extended Watchlist:
LNGT, PPHM, PROT, PEIX, BIOF