Tag: FMYR

Blue Horseshoe Stocks: Bottom-Bounce Watchlist & More

Family Room Entertainment Corp. FMYR

FMYR made an appearance in Friday morning’s premarket watchlist, and was ready to make it’s rip right from the starting gun. The stock rapidly spiked 56% from .005-.0078, before dipping back to a low of .0045 and making a 33% swing back to the close at .006.

When it was all said and done, the stock ended up trading roughly ten times its monthly average volume. These are the type of volatile swingers that we like to track whenever we find them. When properly timed, these rapid intraday swings can be leveraged into quick profits. We’ll be on the lookout in the event of some momentum carryover from Friday.

Bottom-Bounce Watchlist

We’ve got a couple of plays with similar chart setups to tag for extended-term observation as we kick off this new trading week. Each of the following has exhibited signs of rebound action off of fairly recent annual lows, and in each case, a sizable gap on their respective charts is present. We’ve included snapshots of each chart below.

Adamis Pharmaceuticals Corp. ADMP– As you can see, ADMP gapped down hard in June, and followed that up with a selloff to new annual lows later that month. Recently it has been gaining ground off of its bottom, and at present the RSI is on the verge of cracking into the power zone.

Performance Sports Group Ltd. PSG – The gap on the chart in this case dates back to March, and it will need to break through a channel of resistance that we’ve marked below to make a run at filling it, but if that were to occur, we’d be talking about gains of several hundred percent from current PPS levels.

Extended Watchlist:
ACNV, MMEG, POWN, XGTI, GEVO, INRD,

Blue Horseshoe Stocks: WEYL Review, Options Updates


Tiffany & Co. TIF – Options Update

We caught TIF in the wake of its premarket earnings beat yesterday morning, and summarily issued a quick-strike options trading idea to correspond with the resulting activity.

The range we signaled was the TIF Weekly $71-74 Calls, and, as has become a common occurrence for us, we saw each and every set of contracts yield multi-bag, single-session gain opportunities.

$71 Calls – Range: 1.49-3.51 – Max Gain: 136%
$71.50 Calls – Range: 1.00-2.70 – Max Gain: 170%
$72 Calls – Range: .86-2.92 – Max Gain: 240%
$72.50 Calls – Range: .60-1.36 – Max Gain: 127%
$73 Calls – Range: .27-1.60 – Max Gain: 493%
$73.50 Calls – Range: .24-1.13 – Max Gain: 371%
$74 Calls – Range: .10-.49 – Max Gain: 390%

Caution: In the event that chances remain to milk these plays even further today, just remember the extreme high-risk nature of trading weekly options on a Friday.


Xtera Communications, Inc. XCOM

Yesterday, we were looking for XCOM to continue the rebound it had begun in the previous session, and the stock did end up making a couple of nice intraday swings en route to closing near its high-of-day.

Our criteria for being interested in this play was simply that it hold support above yesterday’s premarket low of .60, and that wasn’t a problem for XCOM.

The first swing the stock underwent began to occur right from the outset, and took it from the daily low of .683 up to .879 for a 29% move, followed by a dip to .735 and subsequent push back to .86, tacking on another 17%

Weyland Tech, Inc. WEYL

We first began tracking WEYL roughly five weeks ago, at which time we witnessed a decent run from a low of 2.10 on up to 3.03, a gain of 44%

After that, the stock experienced a short consolidation period wherein it found its way down to 1.77, before beginning a bounceback period that has lasted the better part of the last three weeks.  Yesterday, a new high of 3.31 was reached, marking a swing of 87%

Our interest in tracking WEYL will continue provided it maintains support off of the previous resistance at 3.00.

The app development sector is a trendy space at the moment, and WEYL’s focus in Asia, where there are more mobile devices than anywhere else in the world, is its CreateApp platform that allows users to create their own mobile apps with no development knowledge whatsoever. (>>View Website)

Extended Watchlist:
FPVD, FMYR, FRFS, HCTI, AXPW

Blue Horseshoe Stocks: SGBY Recap, BBRG & More

Signal Bay, Inc. SGBY

SGBY was a solid call from yesterday morning’s premarket report, as the stock continued a run that began on Thursday, and continued to go strong. We watched as SGBY traded in a daily range from .003 on up to .0042, for a very respectable intraday run of 40%

We’ll look for the stock to set a higher low today, maintaining a level greater than yesterday’s swing low, and the next key area of resistance is sitting at .0052.

Viper Energy Partners LP VNOM – Options Update

We tagged VNOM for observation on Friday, along with a corresponding options trading idea. Our interests were the 09/16 $15 and $17.50 Calls, and while the $15’s didn’t see appreciable levels of volume, the 17.50’s have made quite a nice move over the preceding two sessions.

From a low of .15, the $17.50 Calls have reached .45, for a nice, round, 200% pop over that two-session span.

VNOM will be trying for its sixth straight trading day posting higher highs and higher lows today, and with several weeks remaining until the expiration of those contracts, we’ll be interested in tracking this play further in sessions to come.

Bravo Brio Restaurant Group, Inc. BBRG

We want to highlight BBRG this morning as a potential bottom-bouncer. This stock fell off an absolute cliff a few sessions back following a disappointing Q2 earnings report, and after settling into a new 52-week low on Friday, appears to have begun showing some bounce activity.

We always tag plays like these when we run across them, as they have often turned into solid recovery plays for us in the past.

Extended Watchlist:
CDII, FMYR, PGUS, WPRT, UEC, MWW,