Tag: FNJN

Blue Horseshoe Stocks: New Highs Everywhere!

New Highs Everywhere!

We were just updating readers on the progress of TLRY, DCTH, and NBEV in yesterday morning’s report. We were already impressed with their performances prior to yesterday, and yet each one managed to pile on the potential gains. All three rose sharply to new highs, so we’re coming right back to recap those excellent moves today. .

Tilray, Inc. TLRY – This is the hottest new IPO, and we’ve been tracking it since last Tuesday, at which time the stock was trading at 87.50. Yesterday it hit $300 even, an incredible seven-day swing of 243%

We were also tracking the TLRY 09/21 $91-93 Calls, which made great moves but have since been pushed so far into the money that they’ve been passed over, with the exception of the $93’s, which were still trading volume yesterday, and reached a high of 139.24, From our observed low of 5.23, that marks a fantastic gain of 2562%
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Delcath Systems, Inc. DCTH – This play was placed on our watchlist three weeks ago on August 28th while trading as low as 1.76. Yesterday, it made its biggest single session move yet, rocketing to 10.30, for a huge rise of 485%
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New Age Beverage Holdings, Inc. NBEV – Lastly, NBEV also logged its biggest single-day performance of all-time yesterday, as the stock ran to a new high of 4.94. We’ve been mentioning it frequently since the 4th of this month, as it was trading for as little as 1.50. We’ve thus far witnessed a 229% run in NBEV, who will be rolling out a CBD beverage line at an upcoming conference early next month. 
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Greater Cannabis Co Inc. GCAN
Off of our cannabis watchlist yesterday came GCAN, which ran hard from .1453-.735, for an eye-popping single session gain of 406%
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Fresh Options Idea:
Darden Restaurants Inc. DRI  Weekly $120 & $125 Calls
SPDR S&P 500 ETF (SPY) Weekly $291.50-292.50

Extended Watchlist:
NIHD, FNJN, LCI, TNDM, NEPT, GALT

Blue Horseshoe Stocks: SPY, CHFS & More

SPDR S&P 500 ETF (SPY)

We want to start things off today by looking to take advantage of the big rebound in the markets yesterday. When we want to play the markets as a whole, we generally look to the SPY options chain, and that’s what we’re going to do today as well.

We are seeing a significant gap up this morning, and are going to be looking for a classic dip-and-rip scenario due to profit taking. Our targets are going to be the SPY Weekly $264-266 Calls provided that support can hold above this morning’s premarket low of 263.56 on any pullbacks in order to remain interested.


CHF Solutions Inc. CHFS

We also want to highlight CHFS this morning as a possible bottom play. The stock is gapping up in the premarket past its 50DMA, and there is a massive gap on the chart to the upside from just under $5 to just under $8.

We’re going to put CHFS, which prior to today had already been approaching heavily oversold territory, on watch over the next few sessions for the possibility of a more sustained rebound.

Cronos Group, Inc. CRON

We’re getting a strong bottom bouncer signal from CRON as well this morning, and we wanted to highlight this chart also.

CRON is currently exhibiting most of the things we look for in a bottom play, and we’re excited to see where it could go in the near term, as it looks like there could be some serious upside here.

Extended Watchlist:
FNSR, INNT, SPOT, TOPS, FNJN, GMS, NETI, AYTU

Blue Horseshoe Stocks: GERN Recap & More

Geron Corp. GERN – Recap
It’s all well and good to seek out stocks that are set to make a big jump overnight, but slower growth plays also interest us greatly. GERN is an example of a stock that we tagged near the beginning of last month (02.05) which has performed well over an extended period of several weeks.

Subsequent to our tag of GERN, the stock saw a low of 2.025, and in a series of small, incremental daily gains, it steadily made its way up to a high of 4.47 yesterday, representing an increase of 121%. That’s a very respectable gain in roughly a six week period.

Wheeler Real Estate Investment Trust, Inc. WHLR

We want to take this opportunity to place WHLR on watch as a potential bottom-play. The stock has been greatly abused over the past several months, falling well below all its moving averages, and reaching egregiously oversold territory. There is also a fairly large gap on chart to the upside, something for which we routinely look.

We’ll keep an eye on WHLR in sessions to come looking for the confirmation of a bounce. It certainly has plenty of room to run when that occurs, so keep a sharp eye out.

Extended Watchlist:
LDSR, RJDG, RSII, RNVA, ROKU, DRRX, FNJN