EMWW | Blue Horseshoe Stocks

CERP, SWVI & Extended Watchlist

Cereplast, Inc. CERP

After appearing on yesterday’s extended watchlist, CERP gapped up slightly at the open .0288 from the prior close of .0248. We saw a slight pullback to fill part of that gap, with the stock dipping as low as .025 first thing yesterday morning, after which it proceeded to push to a high of .0449 by early afternoon. The differential from low to high produced an opportunity for us to rake in up to 80% in profits on the day.

This stock is coming off of a dead-cat bottom, so we’d like to see it get above the 50DMA of .0552 for us to remain bullish. As you can see on the chart, indicators are starting to look strong, with the RSI coming off of being oversold and getting ready to pass through the 50-line. The PPO and the Slow STO just crossed over, and momentum is looking strong, with volume picking up over the past few days.

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Swingplane Ventures Inc. SWVI

SWVI is another stock off of our extended watchlist from yesterday- this one gapped up to .19 after a previous close at .17. We saw a slight pullback to .1843, before the stock surged as high as .295 (closed @ .2899). In all, total intraday gains of 60% were possible, on huge volume to the tune of 88M shares.

We want to be cautious here, even while there may be gains still left to be made. We’ve seen a few large promo outfits touting this stock recently, so we just need to keep aware, and scan for the impending collapse that most often follows a big promotional push. The tail-end of those pullbacks generally produce bounceplay opportunities, of which we fully intend to take advantage. It will be all about timing when this comes to pass. We’ve been spot-on in timing the actions of SWVI so far, so join us in keeping this play on your watchlist as this round of promotions runs its course.

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Side Note:

Of the remaining three stocks to appear on yesterday’s extended watchlist, two posted gains on the day: Pharma-plays PATH and KERX. It was actually the third day running that we mentioned PATH, which has made gains of 21% over just a few short days; quite a feat for a big board stock. This was on the strength of a news release outlining the company’s new treatment for acute migraines.

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Extended Watchlist:
EMWW, FARE, NEWL, XRX, BIOD, CARV, RVLT

SIRG, ECOB, EMWW & Today’s Extended Watchlist

Sierra Resource Group, Inc. SIRG

We mentioned SIRG back on April 19th at .0033, after which time the stock was trading as low as .0017. Yesterday we witnessed a high of .0135, marking whopping gains from 300-694% in under a month’s time.

When the momentum tapers off, we have to expect a bit of a pullback; in our view, just another opportunity to play the bounce. In the past, when SIRG runs, as is the case with many astronomical gainers, there is a consolidation period that usually precedes further gains.

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Eco Building Products, Inc. ECOB

We are looking at ECOB this morning for a possible bottom-bounce momentum play. The chart is showing a hint of convergence on the MACD, with a cross in the works. We see a patch of major resistance at .10, which will be a huge hurdle for this play. We expect to see a pullback if the stock fails to breach the .10 mark, so we will want to remain vigilant.

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Structural Enhancement Technologies Corp. EMWW

EMWW has made some nice moves for us in the past, and we wanted to bring it back to your attention this morning on the heels of a new press release out yesterday. Find the link below.

Structural Enhancement Corp. Enters Into Letter of Intent to Acquire Challenger Brands Corp.

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Extended Watchlist:

ENTB, AGIJ, ICPA, WGAS, BMSN, HOKU, VPER, X

GMXS, ICPA & Today’s Extended Watchlist

Gemini Explorations, Inc. GMXS

On Friday, we stated that “GMXS looks very attractive to us in the .04-.06 area, due to the previous trading patterns, which suggest the stock could easily push back into the .08-.10 range.”

Monday’s session confirmed our assumptions about GMXS, as the stock most certainly did reach the .08 mark, closing there at the high-of-day.

In a time when the market is very turbulent, we like precious metal plays. Our opinion of GMXS is still riding fairly high for this reason.

Not only did the stock make a higher low and higher high on Monday, but several of the indicators that we’ve pointed out below suggest that things could get really exciting.

We’re looking at an RSI that is kissing the 50DMA overlay, having just pushed past the 50 mark. The PPO has crossed and upturned while its histogram bars have also flipped up topside. The Slow STO has also surpassed its own 50 day average, and is heading to the power zone.

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IC Places, Inc. ICPA

ICPA is among our top picks this year. Yesterday the stock traded as low as .033, and as high as .0399, for 21% gained. This was nothing in comparison to the 3150% gain we saw earlier this year from .0018 to .0585, however these smaller gains sure do add up, and as we say around her, “profits are profits”.

Indicators on the ICPA chart are still looking good as outlined below.

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Extended Watchlist:

EMWW, TEGY, SETY