FREE Archives - Page 5 of 7 - Blue Horseshoe Stocks

ACYD, FB Options, TWGP & Extended Watchlist

American Community Development Group, Inc. ACYD

–
ACYD played out the dip-and-rip scenario that we anticipated yesterday to the letter. The stock pulled back to a low of .031, before recovering ground on up to .049, marking the chance at up to 58% in intraday gains.

The performance was solid enough to land us atop the Penny Stock Rumble as yesterday’s #1 Stock Pick.

We easily spotted the opportunity in ACYD yesterday, and we’re taking a similar view of the stock today. It is making higher highs and higher lows on significant volume, and we will remain interested as long as that trend continues. Keep in mind, trading with a tight stop-loss is the prudent course of action on a play like this, where the stock has already exhibited greater-than-average volatility.

Facebook, Inc. FB -Options
We saw a dip-and-rip from FB after a gap-up yesterday. The stock has been on the rebound this week, and we are looking for similar action today. In that event, we would expect the 10/11 $49 Calls to also undergo a dip-and-rip scenario. It seems a real possibility to see FB return to the $50-level or higher, which would likely cause those contracts to yield multi-bag gains. They closed at .54 yesterday, and are in the process of gapping up in pre-market trading this morning, putting us on alert for another potentially-fruitful session to close out the week.

Tower Group International, Ltd. TWGP

Earlier this week, we were looking for TWGP to make a dead-cat bounce as the stock was tanking. This morning the stock is gapping-up so we could now be witnessing what could be an opportunity-laden recovery. There is a large gap to fill on the chart to the 7.00-range. Covering even half of that gap would have us looking at sizable profits from current levels.

Extended Watchlist:

FREE, WTAR, OCLR, VVUS, ASFI, ETRM

ACYD, PROP & Extended Watchlist

American Community Development Group, Inc. ACYD

–

ACYD appears on our radar today as a full-bore breakout play, having increased over 3800% in less than a month. In June we tagged this stock as one to watch, and then again on 09/23. This illustrates why it is of vital importance to stay tuned to not only our daily focal points, but our extended watchlists as well.

At this point, ACYD has burst into the stratosphere, making entry from these levels extremely risky, if not inadvisable. We are not in the business of chasing extreme runners like this one, so what we’re going to do is monitor this play for a pullback and subsequent bounce.

It wouldn’t be the first time we’ve reaped profits from a stock in the same situation, if you recall BRND as an example. Over the summer, we timed the pullback after a series of tweets by Dennis Rodman caused the stock to spike violently over a very short period. On the heels of a gain in excess of more than 700%, that play afforded us a chance at over 80% on the dip-and-rip from .0077-.014.

Propell Technologies Group, Inc. PROP
Another extended watchlist play, yesterday we placed PROP on watch after noticing it had broken its 50DMA in recent sessions. It turned in a solid intraday performance to the tune of 20%, having traded as low as .44 before hitting a high of .527, and closing strong at .52.

The next key resistance resides at .56, coinciding with the current 200DMA. Just a heads-up: Failure to breach that hurdle at .56 would likely give way to a pullback.

Extended Watchlist:

FREE, SVFC, LQMT, CHTP, DRWI

EWSI, FREE, PLUG, IDRA, DSCO & Extended Watchlist

E-Waste Systems, Inc. EWSI

Following Friday’s newsletter, EWSI opened at its low of day at .043, and would go on to close at its high of day at .05, marking an increase of 16% This comes after we pointed out the stock coming off of a recent bottom, and with a bullish close like we saw on Friday, we are going to be watching this one to make higher lows and higher highs to confirm the current uptrend.

We were clued into re-alerting EWSI on Friday as a result of a good chart setup on both the RSI and the MACD. With no morning gap-up, Friday’s 16% move was purely realized gain.

We have witnessed EWSI run to ten cents in the past, so we know for a fact that it is capable of much larger gains. Indicators seem to point to the current push spanning multiple sessions, leaving it high on our watchlists as we begin a new trading week.

FreeSeas, Inc. FREE
Over the course of a few weeks since we alerted FREE for the first time on 09/10, we have seen FREE go on a mammoth run from .2213 all the way up to .9287, an increase of 320%

Following that peak, the stock has pulled back to find support in the .60-.70 range, and now have it on watch for another possible leg up from these levels. The next key area of resistance from here is going to be the 200DMA at .98.

Plug Power, Inc. PLUG

We first called PLUG on 02/15 as a “potential recovery play” right after we noticed the stock hitting its 52-week lows. What we ended up seeing from PLUG was a recovery, and then some. Over the past several months, the stock not only regained the ground to where it had fallen off a cliff in early February, but the stock has continued its ascent, touching a high of .80 in early September.

As you can see, gains of nearly 600% were possible for anyone who had caught this play at or near its 52-week low on the heels of our initial alert.

Idera Pharmaceuticals, Inc. IDRA
& Discovery Laboratories, Inc. DSCO

Both of these stocks gapped up on Friday after appearing in our extended watchlist, and we still have them on our radars heading into this week.

Each stock traded large volume during Friday’s sessions, so we’re interested to see if they can build up some momentum.

Extended Watchlist:

RNN, ONVO, ONTY, CTIC, TKMR, ATOS(Huge gap down, watching for a potential bounce)

FREE, ZLCS, ARQL & Extended Watchlist

FreeSeas, Inc. FREE

It seems yesterday’s news that FREE orchestrated a deal to clean roughly $30M of debt on its balance sheet was well received, as the stock continued its recent unptrend. After we pointed out FREE gapping up into the tune of .63 in yesterday morning’s report, the stock touched a daily low .622 before rocketing to a high of .93, good for a 50% intraday gains.

The 200DMA sitting at .99 is going to be the next major resistance hurdle for FREE. Granted the fact that the stock is up approximately 660% from recent lows, it certainly may be a time to start thinking about taking profits off of the table in anticipation of a pullback.

Zalicus, Inc. ZLCS

ZLCS is a morning gapper that popped up on our scanners today. The stock recently made a nice 94% move (.48-.93) from the beginning of August to the beginning of September. The chart looks ripe, with a recent golden cross taking place, and the stock making higher highs and higher lows. The level of support in September has been .71, and main resistance is sitting at .93. This will be a stock that we want to keep an eye on going forward.

ZLCS is a biopharma company that develops treatments for pain, and currently has a drug undergoing Phase 1b clinical study.

ArQule, Inc. ARQL

Speaking of stair-steppers, ARQL has been on a tear since last Thursday when it touched a low of 2.12. Yesterday the stock reached a high of 2.53, a move of 19%

Both yesterday and the day prior, ARQL had breached the 50DMA at 2.47. We’re watching the stock currently gapping up to the tune of 2.88, up another .41 (+16%) from yesterday’s close. In breaking the 2.80 mark in premarket trading this morning, the stock has surpassed a a recent level of resistance around 2.80. Any time we find a big-board stock with this kind of momentum, we like to pay close attention.

The next levels of resistance that will need to be cleared is sitting at 3.05 and 3.10, swing-highs from May and April, respectively.

Extended Watchlist:

SNTA, AXAS, NEWL, NKE,

DRYS, FREE & Extended Watchlist

DryShips, Inc. DRYS

DRYS appeared in Tuesday morning’s extended watchlist, after which time we observed a low of 3.40. Yesterday the stock hit a high of 3.99, marking an overnight move of 17% This morning, it looks like it is gapping up, so we will be monitoring this play today for added gains that could result from the current momentum.

Our first ever mention of DRYS was back on August 22nd, when the stock was trading around 2.20. From that point, yesterday’s high represents a move of 81% As you can see on the chart included, DRYS has been on a steady uptrend since it first hit our radar.

FreeSeas, Inc. FREE

We had FREE on bottom-watch back in July, and it wasn’t too long after that when we saw the stock touch a low of .1652 (08/01). After generally trading sideways for the month of August, FREE began a rise that has lasted all the way through this month, culminating in yesterday’s .59 high, a move of 257% off of its bottom.

This morning it looks like FREE is gapping up into the mid-.60’s range, so it seems further gains are on the menu. Today the company reported details of a deal that will clean a significant amount of debt from its balance sheet:

Athens, Greece,, Sep 26, 2013 (GLOBE NEWSWIRE via COMTEX) — FreeSeas Inc. (Nasdaq CM: FREE)(“FreeSeas” or the “Company”), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of six Handysize vessels and one Handymax vessel, announced today that it has entered into an assignment and amendment agreement (the “Assignment”) with Deutsche Bank Nederland N.V.(“Deutsche Bank”), a Magna Group affiliate fund Hanover Holdings I, LLC (“Hanover”), Crede CG III, Ltd (“Crede”) a wholly-owned subsidiary of Crede Capital Group, and various wholly-owned subsidiaries of the Company.Mr. Ion G. Varouxakis, Chairman, President and Chief Executive Officer of the Company made the following comments: “We are pleased to enter into the Assignment, which will remove, immediately upon appropriate court approval, approximately $30 million of debt from our balance sheet. >>> FULL STORY

Extended Watchlist:

FLOW, KNDI, LLEN, ACI, BLDP, CRRS