GALE Archives - Page 2 of 4 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: SOPW Recap & More

Solar Power, Inc. SOPW

On Friday, in a stroke of flawless timing, we highlighted SOPW as a potential bottom-play. The stock had been in virtual freefall for the better part of the past month. The combination of that heavy overselling and a morning PR announcing a 6-month, $50M share buyback program earned the stock top billing in our premarket report. >>> READ PR

It turned out to be a great decision, as SOPW registered a solid intraday move from 1.47-1.98 (+35%), and it managed to close just one tick below its high of day, at 1.97.

That performance firmly qualifies this play for continued observation this morning as it has effectively gone from a bottom play to a momentum play. We’ll want to be on the lookout for the possibility of some early profit-taking and consolidation, followed by a subsequent bounce.

There’s a fresh PR hitting the wires this morning that folks might want to check out >>TODAY’S PR

Auri, Inc. AURI

AURI was a great play for us at the beginning of last week as it gave us an opportunity to bank gains of more than 100%. Following the huge spike, we left off on Tuesday by mentioning that we’d “keep our eyes on the price action as the week progresses” and it was a good thing that we didn’t let it slip off of our radar.

AURI came down to ultimately find support at .0027 on Thursday, and on Friday it surged back to a high of .0061, so anyone who continued to pay attention had the opportunity to take advantage of a 126% swing.

Pervasip Corp. PVSP

We also want to do a quick recap of PVSP’s performance from Tuesday to Thursday. We’ve covered this play quite a bit this spring, and on Monday, we warned our readers that another upswing could be in the making. We certainly did see one, as PVSP ripped from its low of .0009 on Tuesday past the penny-barrier to a high of .0015 just two sessions later; it marked an intraweek move of 66%

Moving forward, we’ll want to see the stock continue to build higher lows, ideally holding support at .001 on any pullbacks.

Extended Watchlist:
BLDP, PTBI, MXL, PTN, GALE

Blue Horseshoe Stocks: New Options Idea & More

Vivint Solar, Inc. VSLR – Options Idea

VSLR caught our eye yesterday as the stock made considerable progress in coming off of a recent bottom, aided by Q4 financials announced Wednesday, post-market which came in better-than-expected.

In the midst of this rebound, we’ll be looking to possibly take advantage via the options chain. Currently, we’re interested in following the activity on the April 17th $11 Calls (Last Trade:1.30).

VSLR has a 1-year analyst estimated price target of 19.80, and is presently trading well below that range, thus it could turn out to be a stock that we continue to track over an extended period of time.

AVEO Pharmaceuticals, Inc. AVEO

We’re watching AVEO this morning; the stock broke above its 200DMA earlier this week and has been holding support above that level. Yesterday it underwent a gap-and-fade, ultimately finding support at 1.36. and that’s the level we’ll want to see it maintain on any further pullbacks today.

The main thing drawing our attention toward AVEO is the current chart setup.As you can see on the snapshot below, it is showing a strong RSI, a bullish MACD, and appears to be building toward an elusive Golden Cross; a relatively rare event for which we’re always keeping our eyes peeled.

Extended Watchlist:
ASTI, JDST, CRMD, MSO, AXN, GALE

Blue Horseshoe Stocks: Cannabis Stock Resurgence

Marijuana Stocks Making a Comeback

The biggest standout of yesterday’s session was the unmistakable resurgence of the cannabis sector. Many of you will recall that we have tracked this sector throughout the year, and indeed, dating much further back than that. The gains we’ve seen from this market in 2014 have been nothing short of historical. Over the past few months, however, we had been witnessing a huge beatback sector-wide, with pot plays steadily declining across the board.

You can see below from the random chart examples we’ve pulled, that similar action has been occuring in most every related stock. Familiar plays like HEMP, TRTC, and GRNH all exhibit strikingly similar paths. Steady, heavy losses followed by distinct signs of a turnaround.

Presumably the pickup we’re seeing as we head into the end into week’s end is due at least in part to campaign season kicking off for proponents of cannabis in places like Alaska, Florida, Oregon and Washington, D.C, who will all be voting on marijuana initiatives in some form or other on November 4th.

Other states are sure to be paying attention, especially those that are tight on cash. Colorado estimates that tax revenues from its first year of recreational sales stand at $60-70M. Meanwhile, Washington State’s measure roll-out of retail sales continues slowly, with only the second Seattle marijuana outlet scheduled to open up next Tuesday. In a study conducted by NerdWallet.com, the nationwide legalization of pot would produce over $3B annually.

So here we are, having waited patiently for the marijuana space to begin to heat up again, finally seeing the kind of rebound activity that can provide us with quick in-and-out gains. We’re going to want to watch anything even remotely tied to the industry as voting time draws even closer.

Extended Watchlist:
RPRX, CNET, NAVB, DRYS, GALE

Bllue Horseshoe Stocks: JCP, RNBI & More

JC Penney Co., Inc. JCP

To kick off the week, we placed JCP on watch via Monday’s Extended Watchlist, so let’s finish things off by taking a look at what happened this week. We saw a consolidation down to 8.18 before the earnings release hit the wires yesterday, after which time the stock began to soar.

Already in pre-market trading today the stock has bounced back to hit a high of 10.15, so we’ll be anxious to see what can happen if the stock can break past this mark which also coincides with a recent swing high in November/December.

The 8-K filed contained both increased quarterly figures as well as guidance for 2014, and things seem to be headed in a positive direction overall, so we’ll continue to monitor JCP over the foreseeable future.

Rainbow International Corp. RNBI

Noticing a sizable increase in volume in RNBI during a routine scan on Wednesday prompted us to put it on yesterday morning’s watchlist, and it turned out to be a beneficial decision. We would see the stock spike from a low of .18 running to .24, giving traders a chance to bank up to 33% intraday.

A stock that was trading by appointment only prior to its big rise in volume this week, gaining this much ground on the chart demands the highest level of caution for those who’ve yet to exit their position.

Added Side Note:

We just want to take a minute to address a cautionary statement by influential hedge fund manager David Tepper yesterday, regarding his overall sentiments toward current market conditions. His warning to traders to avoid going too long at the moment, sent ripples through the investment community, and the overall markets saw a pullback (leading to a spike in the VIX/VXX).

Occurrences such as this can be used to profit no matter which way things go; depending on how the public reaction is going to play out, we will be looking to adjust our strategy by trading options on either the SPY, in the event that things turn back to the bullish side rather quickly, or the VIX, should we see a sustained downturn.

Extended Watchlist:
ZBB, DCIN, KGJI, OVRL, GALE, MSTX, CSTI

KNDI, PHOT, BHRT, TTDZ, RAGL & Extended Watchlist

Kandi Technologies, Inc. KNDI

KNDI is up significantly in premarket trading this morning as a result of an earnings release that boasts some vastly increased quarterly and yearly figures for the rising Chinese tech firm. This puts KNDI near the top of our watchlist as we open up a new trading week:

JINHUA, China, March 17, 2014 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the ‘Company’ or ‘Kandi’) (KNDI), today announced its financial results for the fourth quarter and full year ending December 31, 2013.

Fourth Quarter 2013 Highlights

Revenues rose 92.0% to $50.6 million from $26.3 million in the fourth quarter of 2012. EV sales increased significantly to $40.0 million, a 193.7% jump from the same period last year. During the quarter, the Company sold 3,568 units of pure electronic vehicles
Gross profit increased 152.0% to $11.4 million from $4.5 million in the same period last year
GAAP net loss was ($14.7 million) compared to a net income of $2.2 million in the same period of last year, mainly due to increases of non-cash charges, such as change of fair value of financial derivatives, higher income tax, general and administrative expenses, and interest expenses
Non-GAAP net income* was $4.6 million, up nearly 259% year-over-year from $1.3 million.>> FULL PR

Growlife, Inc. PHOT

We’re turning our attention to PHOT this morning. This cannabis play that we’ve been tracking since well before January’s “Green Rush” has some news out today that we wanted to share with our readers.

It eludes to a joint venture with another player in the legal marijuana space, Vape Holdings, Inc. (VAPE). As we’ve learned over recent months, it’s prudent to pay close attention when one of these cannabis stocks comes with fresh news. We’ve seen many instances where such PR’s catalyze significant gain opportunities.

WOODLAND HILLS, Calif., March 17, 2014 /PRNewswire/ — GrowLife, Inc. (PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, is pleased to announce a Joint Venture (JV) with Vape Holdings, Inc. (VAPE) to fund the research and development of patentable technology to create pharmaceutical grade extractions from cannabis.

Each Company will bring its specific expertise to the Joint Venture; GrowLife providing Equipment Manufacturing while Vape Holdings provides guidance for the process technology and concentrate formulas. >> FULL PR

Bioheart, Inc. BHRT

BHRT is a stock we wanted to radar this morning, coming off of a press release of its own.

Following a Golden Cross, it recently had a nice run from the .015 area up to to .08 range. It subsequently consolidated and found support at .03, and bounced back up over .04.

We’ll be watching for BHRT to continue to make higher highs and higher lows, on the chance that it could retest previous swing highs at .05, .06, and .08.

SUNRISE, FL–(Marketwired – Mar 17, 2014) – Bioheart, Inc. (OTCQB: BHRT), a biotechnology company focused on the discovery, development and, subject to regulatory approval, commercialization of autologous cell therapies for the treatment of degenerative diseases, announced today that it has entered into a joint venture with Magnum Cell Therapies (http://www.magnumterapiacelular.com/).

Magnum Cell Therapies’ mission is to provide the latest regenerative medicine therapies to patients suffering from degenerative diseases. Magnum’s facilities include a state of the art clinic and laboratory located in Honduras. >> FULL PR

Triton Distribution Systems, Inc. TTDZ

We’d also like to talk about the performance of TTDZ following our most recent tag of the stock on Thursday. After seeing a low of .008 that morning, the stock would finish the remainder of the week on a note of strength, running up to a high of .011 just prior to Friday’s closing bell.

That was equal to a solid two-day increase of up to 38%

RA Global Services, Inc. RAGL

RAGL is a momentum play that we want to add to our radar today. The stock traded up Friday on high volume, and boasts an extremely low float. It will be interesting to see if breakout conditions can spill over into this week.

Low-float plays such as this are subject to volatile swings, which can be used to a sharp trader’s advantage.

Extended Watchlist:
MNGA, CDTI, KIPS, GALE, WYY