ETRM Archives - Page 3 of 5 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: Bottom-Play, Options & More

EnteroMedics Inc. ETRM

ETRM is the first in a group of plays that we’ve been familiar with in the past, that we’d like to circle back around to this morning.

We never stop looking out for stocks giving a bounce signal off of their 52-week lows, and ETRM raised that flag yesterday. The stock hit a new annual low (.123) as the short week kicked off on Tuesday, and yesterday’s session showed a clear rebound , trading between .14-.15, so we’ll just want to keep our eyes peeled for a mid-to-extended term recovery.

GW Pharmaceuticals plc GWPH

GWPH is another stock that we’ve had experiences with in the past, and today we’ve spotted a possible opportunity to take advantage of it once again.

On the flip-side of the coin from the previously mentioned play, GWPH has just hit its highest PPS since last October (104.58) yesterday on an epic single-day surge. That’s quite an impressive jump over its levels the last time we mentioned it in our reports, when it was trading just above $80.

Additionally, looking back over GWPH’s track record, it seems every time the stock makes a major move to the upside, there’s always a commensurate consolidation that follows. For this reason, we’re going to signal a range of extended-term puts in the GWPH options chain to track over the coming days and weeks.

Our four potential targets are going to be the GWPH 10/21 $105-90 Puts.

Rite Aid Corp. RAD

Also among stocks we’ve tracked at various times and for various reasons in the past, is RAD, though it has been quite some time since we last had our eyes on it closely.

Today we’ve been provided with an update on the status of the pending buyout of the company by Walgreens Boots Alliance (WBA) (>>View PR)

We’ll be watching the stock which is presently trading at a low multiple in the 8.30-range, as well as an options idea; the RAD Weekly $7.50 and $8 Calls, with the possibility of rolling up to the $8.50’s if and when the stock breaks its premarket high 8.42.

Extended Watchlist:
JNSH, TURV, PCYS, SFRX

Blue Horseshoe Stocks: Friday’s Winners, Fresh Plays

The GEO Group, Inc. – Options Update

We caught GEO on the heels of a sell-off on Friday morning, and decided to go against the grain with some options calls, the success of which would be predicated upon a solid rebound.

We did in fact witness such a recovery, as GEO stock itself ran from a low of 21.30 up to 23.98. That meant that the target contracts we outlined in Friday’s report were due for some excellent intraday moves. The GEO 09/16 $20 and 22.50 Calls were our highlighted plays, and each of them provided the chance at multi-bag gains on the day.

The $20 Calls traded in a range from 1.61-4.21, for a healthy 161% rip, while the $22.50’s saw an increase from .87 to 2.78, for potential intraday profits as high as 220%

With plenty of time left until their expiration, we’ll have the opportunity to keep monitoring these plays in the event that GEO’s bounceback continues to persist.

Bulova Technologies Group, Inc. BTGI

Also appearing in Friday morning’s premarket report was BTGI, and it too provided us with a significant gain opportunity during the session.

BTGI traded up from its morning low of .0091, surged through the penny mark and ran all the way to .0179, which represented an intraday swing of 97% and occurred on roughly 3.5x its monthly average volume.

Patriot Scientific Corp. PTSC

We’d also like to take a minute to outline the significant intraday move recorded by PTSC after appearing in our report on Friday morning.

The stock ran from a low of .0056 up to .0099, marking a single-session rip of 77%

Extended Watchlist:
BNSO, ETRM (Momentum Plays)
FRP, WEB (Bottom-Plays)
AMD (Longer-Term Watch)

Blue Horseshoe Stocks: Special Options Video & More

Huge Options Winners/New Ideas – Special Video Presentation To wrap another excellent trading week, we’re going to do something new. With such huge winners coming from yesterday’s options ideas, and big opportunities coming today, we’ve drawn up a visual aid in the form of an informative and instructive video presentation.

We highly suggest our readers click through to the following special video featuring our very own ‘Stock Sumo’, who succinctly explains how we found huge success with NFLX Calls yesterday, and how we may be able to do the same with GOOG Calls today.

DON’T MISS THIS IMPORTANT PRESENTATION:

The video outlines the gains on yesterday’s idea of NFLX Weekly $107.00 -111.43 Calls. Every one of the 13 sets contracts in that range exploded for astounding gains. They ranged from the $107.14’s running 508% from 1.52-9.25, to the $111.43’s amazing 3823% jump from a low of .13 to as much as 5.10.

It goes on to mention our options speculations for today’s session. Google is gapping up an earnings beat this morning, and we’ve formulated some corresponding ideas, specifically GOOG Weekly $640-655 Calls. We’ll be looking out for a possible dip-and-rip scenario to come into play.

Trading Weekly contracts on a Friday can be be an exciting proposition when proper caution is exercised. Time-decay becomes a big factor so close to expiration, and premiums evaporate. That tends to lead to more volatile activity, creating an environment in which we thrive.

Voltari Corp. VLTC

We’ve been tracking VLTC for quite some time, following it to some awesome gains this spring after word got out of billionaire activist investor Carl Icahn’s position in the stock. We re-alerted the stock on Tuesday via our Extended Watchlist, and lo and behold, Icahn’s name would find its way into the VLTC news stream again.

We had to be patient for a couple of sessions, but were ultimately rewarded yesterday with one heck of an intraday move when traders learned that Icahn was still long in the stock. VLTC ran from a low of 5.57 all the way up to 9.00; a 62% swing that came on a little more than five times the 3-month average volume.

Extended Watchlist:
QTMM, JDST, ETRM, SPEX

Blue Horseshoe Stocks: CLTX Recap & More

Celsus Therapeutics Plc. CLTX

The big winner from yesterday’s report turned out to be CLTX. We tagged the stock after catching it on a routine news scan; the company announced an all-stock exchange agreement with Volution Immuno Pharmaceuticals in which CLTX will absorb the company as a wholly-owned subsidiary, and form a new company aimed at developing treatments for a range of rare and orphan autoimmune and inflammatory diseases >> READ PR

Back in February, a bleak annual report led CLTX to fall off of a cliff, tumbling from the $6+ range down to roughly a dollar. Over the next several months, the stock continued to trend downward, culminating in a 52-week low of .40 at the end of May. Since that time, it received a little boost, rising to the .60-range.

That’s where we came upon it yesterday, and it was fortunate that we began paying attention when we did. After dipping to a daily low of .5012, the stock ran into the close, reaching a high of .68; a solid 36% intraday move. The late boost of momentum is carrying over into the premarket today, with CLTX hitting an early high of .99. From our observed low yesterday, that’s a 98% swing.

We’ll look for it to continue to build its base with higher lows, and to potentially crack through resistance into dollar-territory.

Callaway Golf Co. ELY

ELY is contributing to the newsreel this morning, announcing the signing of a highly talented young golfer. Upon taking notice of this, we’ve also seen that ELY has been building a heck of a chart setup over the past few sessions.

The stock has registered higher lows for each of the last four consecutive trading sessions, and is exhibiting a great deal of promise with regard to a number of bullish signals on the chart that we’ve pointed out on the snapshot below. Between that, and it being the peak of golf season, we’ll be paying close attention to ELY.

CARLSBAD, Calif., July 14, 2015 /PRNewswire/ — Today Callaway Golf officially announced that it has reached a Staff Pro agreement with former college golf phenom, Julien Brun. A native of Anitbes, France, Brun turns pro after an unbelievable career at Texas Christian University (TCU), where he was a 3-time First Team All-American and a 3-time Academic All-American.>> FULL PR

EnteroMedics, Inc. ETRM

Speaking of ripening charts, we’ve got to tag ETRM this morning as a bottom-play that could be in line for a serious rebound. One look at the chart is all it takes to see what we mean.

We’ve got an egregiously oversold RSI, and the stock has fallen to new 52-week lows in the past couple of sessions. There are also a couple of gaps to fill from 44-.50 and from .83-.96 on a possible retrace, so we’ll be monitoring this play which we feel has breakout potential based on these factors.

Extended Watchlist:
BIOC, CLSN, TBIO, CEL, VLTC, CPXX

Blue Horseshoe Stocks: PBR, RSH & Extended Watchlist

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

Our continuous tracking of the PBR option chain never seems to go very long without offering up significant opportunities. Beginning on August 20th, we placed the Jan.17th $19 Calls on watch for a longer-term trading idea. Following that tag, we would observe those contracts trading at a low 1.23.

This week PBR has pushed to new highs, breaking the $19-mark and maintaining it into its close at 19.21, which landed our $19 Calls at 2.25. That represents a one-week increase of 83% and that figure could stand to inflate even further.

Those who have been following PBR with us since March, when we spied a low of 11.25 will be pleased to know that as of yesterday’s new high of 19.32, the overall increase we’ve seen in the stock amounts to 72%

RadioShack Corp. RSH

We reminded readers of our recent bottom call of RSH yesterday morning, having seen the stock touch its 52-week low at .55. Over the last several sessions it had been regaining some ground, and that pattern continued into yesterday as well.

RSH would trade as low as .91 before pushing through a dollar and closing at its high of day at 1.09. That’s an increase of 20% on approximately 7x its 1-month average volume; a strong move. With a close like that, we’ll be looking for some of the momentum to carry over.

Yesterday’s closing price represents an increase of 98% over our observed low of .55.

Extended Watchlist:
LAS, SGOC, ETRM, CREG, OIBR, SCOK, COBR