Tag: FB

EWSI, PHOT & Extended Watchlist

E-Waste System, Inc. EWSI
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EWSI appeared in our extended watchlist on October 9th, and the next day we observed a low of .0366. By October 29th, the stock reached a high of .0699. That’s a 91% move in just under three weeks.

Currently on the chart, we have several indicators showing strength, with the RSI approaching the power zone, the MACD recently had a bullish cross and is showing divergence, and the PPS is holding above the 50DMA. Key areas of resistance to break come at .07 and .10.

BARCHART.COM is currently giving EWSI a 72% Overall “Buy” Rating- 100% on Medium-Term Indicators

Growlife, Inc. PHOT

PHOT is a long-time favorite of ours as many of you well know, and continues to be one of the stars of the rapidly burgeoning marijuana sector.  Recently PHOT has been trading with increased liquidity, and this morning, the company had some news out that caught our attention. We will want to continue to keep an eye on PHOT, especially if Portland voters pass the upcoming initiative:

GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry including online and brick and mortar hydroponic stores, OEM grow equipment, commercial grow-op support, and media, is pleased to announce that the Company’s retail hydroponic location in Portland, Maine will be hosting festivities and store specials throughout Election Day, Tuesday November 5, 2013 as it awaits the results.

Voters in Portland are being asked to decide whether they want to make it legal for adults 21 and over to possess up to 2.5 ounces of marijuana. The Nov. 5 vote is being watched nationwide as a potential bellwether for the relaxation of marijuana laws in the Northeast. Recreational marijuana use is already legal in Colorado and Washington State and 21 states now have some version of medical allowance on their books. >> FULL PR

BARCHART.COM is currently giving PHOT a 72% Overall “Buy” Rating

Extended Watchlist:
GOGO, NQ, OBXT, FB, AAPL

Blue Horseshoe: PHOT, AAPL & FB Options

Growlife, Inc. PHOT

We brought PHOT back into the fold this week, stating that we wanted to see it hold support in the .05-.06 range. It did manage to do so; after touching a low of .057 earlier in the week, the stock went on to hit .069 in morning trading yesterday. That represents a move of 21% off of its bottom.

Yesterday’s volume exceeded that of the three previous days combined, and with that kind of momentum, we are on the lookout for possible carryover through today and into next week.

Options Trading

Apple, Inc. AAPL

On Wednesday, we stated our interest in the AAPL 11/01 $505 & $510 Calls. The $505’s last traded at 13.70 yesterday, and the $510’s at 11.45. Those figures mark excellent progress in these Calls since we’ve been paying attention.

We are going to want to continue to keep our eyes glued to the AAPL options chain as we approach the forthcoming iPad event and earnings release.

Facebook, Inc. FB

Facebook broke out to new 52-week highs this week, so we’re also focused on Call opportunities that may present themselves should the upward trend continue there.

CHGS, DUSS & Extended Watchlist

China GengSheng Minerals, Inc. CHGS
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After appearing on yesterday morning’s extended watchlist, CHGS came screaming out of the gate, running from .19 all the way up to .35 (+84%). The stock consolidated, and followed that initial run with two subsequent bounces, one from .24-.35 (+46%), and another from .28 to the day’s high at .39 (+39%).

A tip of the cap to anyone who was able to take advantage of some of the nearly 170% in cumulative intraday gains provided by CHGS, which can be seen on the following chart:

Dussault Apparel, Inc. DUSS
DUSS was the addition we made to the day’s watchlist in yesterday’s afternoon update. Following that alert, we saw a low of .0012, followed by a 25% run-up to the .0015 high-of-day where the stock closed.

As you can see on the annotated chart below, the next key area of resistance to watch for a break resides at .0024. A break past that point would put us in blue-sky breakout territory.

PLEASE NOTE: DUSS is a play that we selected from one of our daily scans. We were not compensated in any way to feature DUSS in our reports, however, owners of this newsletter did purchase two million (2,000,000) shares out of the open market.

Extended Watchlist:
KERX, GERN, ODP, BORN, FB, AAPL, XNY, RMTI