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Blue Horseshoe Stocks: Reviewing a Monster Monday

Monday’s Huge Winners

We kicked off the week in grand fashion yesterday, with what was easily the most successful single session for stocks we’ve had so far in 2016. We had an incredible three picks, all energy-related stocks, make gains of at least a hundred percent concurrent with the continued bolstering of oil prices.

SandRidge Energy, Inc. SDOC

We continued to track SDOC yesterday, after our mention in Friday’s premarket report netted a chance at up to 35% in intraday gains (.05-0674), and the surge was sustained and multiplied. After gapping up to open at .075, the stock bulled its way to an afternoon high of .154, for a solid double-bagger (105%).

From our observed low of a nickel on Friday, yesterday’s high marked a two-session swing of 208%

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Penn Virginia Corp. PVAH

Undoubtedly our top-gaining pick of the day, PVAH was off to the races promptly at the open.

It was a pleasure to watch as it spent the entire session in beast-mode, ramping its way up from .112 to .38 on immense volume! That’s an increase of 239% on the day, so big cheers go out to any of our readers who were able to take advantage of this gem!

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Goodrich Petroleum Corp. GDPM

GDPM came up big as well with an excellent intraday run, while managing to hold a majority of its daily advances into the close.

It started out with a rip from .0875-.1998, an intraday move of 128%, and came in at .174 at the closing bell, finishing the day on roughly 5x its 3-month average volume.

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Linn Co. LLC (LNCO)

While LNCO didn’t crack the double-bag threshold, it certainly had a solid session and came close. The stock traded in a range from .95-1.70, offering up intraday gains if up to 79%

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Breightburn Energy Partners, Inc. BBEP

BBEP also put forth a modest, yet respectable performance, rounding out our group of gainers for the day with a run from .80-1.25. That gave folks a shot at gains as high as 56% on the day.

Options Ideas

We’re also going to go ahead and formulate a couple of options trading ideas this morning- one long, and one short:

Urban Outfitters, Inc. URBN – Weekly $29-32 Calls

Shake Shack, Inc. SHAK – Weekly $40-37.50 Puts

Extended Watchlist:
AXPW, PPCH, BLKG, TPLM, EGLE, SBGL, SKLN(Possible Rebound Play)

Blue Horseshoe Stocks: VSR, IBIO & More

Versar, Inc. VSR

VSR continued to play the role of this week’s most interesting pick on Thursday. The action in this play has been significant, and it has led to several potentially profitable swings since we first picked it up on Tuesday at a low of 3.70.

Yesterday we re-iterated our interest, stating that the kind of volatility we had seen in VSR to that point could certainly lead to further bounce opportunities, and we were correct in that assumption. In early trading, we witnessed a swing from 6.56 to the daily high of 7.817, a 19% move. We then watched as VSR spent a good portion of the afternoon in pullback mode before bouncing off of support at in the 5.20’s.

The stock is up in premarket trading again today with highs of over $6 so far, so for the fourth straight day we’ll have our eye on possible bounce action from VSR

Eagle Bulk Shipping EGLE

We tagged EGLE yesterday morning on the heels of a financial restructuring that led to a serious boost in PPS. The stock was up so much in fact, it was briefly halted early in the session. When trading resumed at 11AM, the stock still went on to make one heck of a move.

From an initial low of 12.02, the EGLE barreled its way up to a high of 17.00, a solid 41% increase on the day on significantly high volume.

iBio, Inc. IBIO

IBIO is a play that we’ve been tracking for some time, and it too posted a notable swing yesterday afternoon, as it rose up from 1.63 to touch 1.93, an 18% increase. The stock is also gapping up in the premarket this morning, having re-breached the $2-mark.

Repros Therapeutics, Inc. RPRX

This is a stock we caught this morning, noticing that it is gapping down 52-week lows in the pre-market. The company had some negatively received FDA news this morning. This kicks in our ‘vulture’ mindset, where we monitor a struggling play for signs of a turnaround and subsequent bounce. We can’t even begin to recall how many times we’ve turned a beaten-down stock into a winning trade on the rebound but rest assured, its enough for us to keep a close watch over RPRX moving forward.

Extended Watchlist:
APT, CYTR, ESI, AKS

Blue Horseshoe Stocks: VSR Recap & More

Versar, Inc. VSR

During yesterday’s session wherein the markets in general essentially got crushed, one of the plays we were tracking managed to buck the trend, turning in a pretty impressive performance for the day.

After initially tagging VSR in Tuesday’s report because of some big swings we had witnessed prior to that, the stock found support at 3.70 and began to bounce.

Premarket action gave us a pretty good indicator to continue tracking it yesterday, and after a gap-up and small dip to 4.69, the stock ran pretty steadily all day long. The high came in just prior to close at 7.05, marking a 50% intraday swing, and a 90% overall move up from the low we saw on Tuesday.

The stock is peeling back slightly in premarket trading this morning, and with the kind of volatility we’ve seen out of VSR so far, it may be worth it to continue to monitor as it searches for support once again. There may be even more bounce-play potential in store for us here before the week is out.

Extended Watchlist:
OSUR, IBIO, PGNX, EGLE

Blue Horseshoe Stocks: Share Reduction Play & More

Profitable Developments, Inc. PRDL

It’s been awhile since we’ve run across a stock trading at a dead bottom (.0001), and even longer since we’ve discussed one in our reports, but in light of the PR we caught this morning on PRDL, we’re going to make an exception.

We might call a stock like this a “lottery ticket”; a low probability, extreme high reward play. Super-subpennies by nature are highly speculative, but have the tantalizing quality of having nowhere to go but up. Especially in the instance of a stock like PRDL which announced a massive share reduction this morning.

With a stock trading in a higher price range, a 30% reduction should roughly equate to a similar gain on the chart. With a stock like PRDL, where each tick up on the chart equals a 100% gain, there’s really no telling where the road will lead. We just know we’re very interested to observe the result.

Starting with a block of two billion shares, the company is claiming to have planned for the retirement of a total of 30% of its common stock, click through to the PR below:

NEW YORK, NY , United States / ACCESSWIRE / Aug 6, 2014 / Profitable Developments, Inc. (OTC PINK: PRDL), today announced that it plans to retire a total of four billion shares of common stock. >>> FULL PR

Med-Cannabis Pharma, Inc. MCPI

Following Monday’s initial alert on MCPI, we observed a low of .0355, and sent out an update yesterday afternoon to highlight the 30% move the stock had made up to that point (.465). However, MCPI ended up pushing into the close at a new high of .485 and increasing our total possible two-session gain to as high as 37%

It remains on our radar today after such a strong close. Any time a stock closes at a new high of day, there’s always a chance for some momentum spill-over into the following session.

Petroleo Brasiliero S.A. (Petrobras) PBR – Options Update

We’ve been hot on the trail of the PBR $16 Weekly Calls this week, tracking them from a low of .20 following Monday’s report, to yesterday’s high of .64 (+220%). After that spike, we saw a pullback, and the contracts ended up closing out the day at .30.

From here, we’ll be looking for the possibility of a dip-and-rip scenario, so it’ll be important to keep our eyes peeled for quick-strike opportunities.

Extended Watchlist:
EGLE, ENPH, NRZ, DRYS, KNDI

CNDO, FREE, WPCS & Extended Watchlist

Coronado Biosciences, Inc. CNDO

When we last visited CNDO, we made mention of the large gap on the chart that we were looking to see filled. At the time (Dec.12th), we observed prices as low as 1.75. Now two weeks later, we have seen some real strides toward the filling of that gap, with yesterday’s high of 3.09 marking a gain of 77%

The stock has been making higher lows for the past four sessions, and we’ve mentioned that a break of the 50DMA could lead to further gains. Now that it has happened, we are going to be extra vigilant over this play.

We took the liberty of drawing up a video chart on CNDO for your convenience:

As far as options trading is concerned, we are currently eyeballing the 01/18/14 2.50 Calls, which closed at .72 yesterday. A return of the stock to previous levels in the $4-5 range would likely yield multi-bag gains on those contracts.

FreeSeas, Inc. FREE

FREE has been a big winner for us in the recent past. Following our last alert, the stock was trading as low as 1.12. We had previously ridden FREE for gains of more than 400% and after watching it consolidate heavily, we mentioned that chart indicators were signaling the beginning of what we assumed would be another significant run.

Once again, our assumptions proved to be highly accurate. The stock has found its way off its bottom, yesterday reaching as high as 2.40. That marks an opportunity for gains on the order of 114% in just a couple of weeks.

WPCS International, Inc. WPCS

On December 23rd, WPCS appeared in our extended watchlist. It didn’t take long to see a positive move out of this stock; yesterday as it traded from a low of 1.46 to 1.619, it afforded traders the chance at a modest 11% gain.

We really want to keep an eye out for further movement on WPCS, as the stock is gapping up heavily this morning, to the tune of roughly 80% This comes on the heels of yesterday’s news that the company has developed a Bitcoin trading platform to capitalize on the recent digital currency fad.

EXTON, PA, Dec 26, 2013 (Marketwired via COMTEX) — WPCS International Incorporated (NASDAQ: WPCS), (“WPCS” or the “Company”), today announced that its wholly-owned subsidiary, BTX Trader, LLC (“BTX Trader” or “BTX”) has released a beta version of its Windows-based trading platform that is now available to the public at www.btxtrader.com. BTX Trader, which was recently acquired by WPCS, is the first trading platform to enable Bitcoin traders and industry researchers to access market data and execute orders on the five most popular Bitcoin exchanges in a single application.

Extended Watchlist:
PROW, DRYS, GNK, NEWL, EGLE, RSOL, SHIP