Tag: GBSN

Blue Horseshoe Stocks: Friday’s Movers, New Ideas & More

Friday’s Notable Moves

Each of the following plays exhibited appreciable upswings on Friday afternoon after having appeared in our reports for the day and days prior. We’ll have each of these stocks on watch for the possibility of continued momentum this morning:

Nate’s Food Co. NHMD

NHMD covered the most ground as it traded in a range from .0019-.0035 on Friday, running 84% intraday and closing at the high of day on volume to the tune of well over five times its 3-month average. We’ll certainly have an eye out for further activity as we open things up on this holiday-shortened trading week.

Guided Therapeutics, Inc. GTHP

We latched onto GTHP early last week and would see a nice little two-day run from the stock to finish it out. Our observed low came on Thursday at .0102, which gave way to a subsequent high of .015 on Friday, marking an overnight increase of 47%

Sparta Commercial Services, Inc. SRCO

SRCO was a steady climber on Friday which traversed its way from .0025 to .0031 over the course of the day, which represents a modest yet notable 24% rise. It too qualifies for sustained monitoring as a possible momentum play, having closed at its high mark for the session.

ProGreen Properties, Inc. PGEI 

We want to put PGEI on our radars this morning as well, not only for the momentous session it had on Friday, but also due to the content of the PR released by the company early this morning.

Following up from a release they put out in January, the company announced the completion of a joint venture agreement that puts them on track to develop a 300-acre property of proposed farmland in Baja California, Mexico in time for this year’s growing season. We’ll be interested to follow along for further updates on that project as well as watch the chart for short-term opportunities.

SPDR S&P 500 ETF (SPY) – Options Idea

On Friday the markets enjoyed the biggest single-session rally since 2009. With oil rebounding as well, and the S&P having demonstrated a definitive reversal over the past couple of sessions, we’ll want to start the week off  monitoring some SPY Options. Our target area is going to be the SPY Weekly $188-191 Calls.

Extended Watchlist:
SMFG, PGH, ETE, CSIQ, RMTI, BFGC, GBSN, XBIO,

Blue Horseshoe Stocks: GBSN Review & More

Great Basin Scientific, Inc. GBSN

If it wasn’t already clear why we kept GBSN on bottom-watch for the past three weeks since our initial flag, yesterday’s continued uptrend brought it into much clearer focus.

Yesterday, after we re-alerted our readers that it had finally lifted off from its annual lows with a nice 50% intraday move, we mentioned that we wanted to see the stock establish a higher base of support as well as new highs, and it got a good start toward that end.

From its morning low of .098, the stock hurtled its way up to a daily high of .1389, which represents an intraday swing of 63%, and from its ultimate low of a nickel from the session prior, an overall increase of 178%

Once again, we’ll look for GBSN to exhibit signs of a more sustained recovery in sessions to come; as a quick view of the current chart reveals, the stock is still in heavily oversold territory and still looking bullish. We’ll want to see it maintain support at a minimum of .0785 to consider the uptrend still in effect.

Heron Therapeutics, Inc. HRTX

HRTX is gapping up heavily in the premarket today on the heels of yesterday’s revelation that the company’s bunionectomy pain drug generated exceedingly positive top-line results in Phase II studies. There is a conference call that just got underway at 8:30AM Eastern discussing the results of that study.

Despite the excitement being shown presently, leading up to this series of events, the HRTX Chart was on its way down and looking ripe for further losses, with the PPS sinking below the 50DMA for the first time since early August, a weakening RSI, and a bearish MACD.  We’re going to be looking at a way to take advantage as the stock pulls back off of this morning’s perhaps over-inflated excitement.

If it turns out as we suspect it may, we’ll look for action in the HRTX Weekly $45 and $42.50 Puts, however, in the event that it appears a bigger move up is imminent, we’d need to hop to the other side of the fence, and in that case, we’d most likely look to the Weekly $40 Calls.

Clean Coal Technologies, Inc. CCTC

We first put CCTC on watch a couple of weeks back, including in our reports on both the 9th and 10th of this month. On those first two days, we witnessed a 42% run from .45-.64, which preceded a pullback to a low of .36 the following day (11th).

Since that time, CCTC has been on a steady incline, and yesterday stock reached a new high of .7238, which marks a seven-session swing of 101% Both it and GBSN have clearly demonstrated why it’s smart to keep a continuous eye on stocks appear to present a good opportunity. Occasionally it takes several days for an idea to mature, but as we saw in both cases here, our initial instincts did prove correct.

Extended Watchlist:
SIRG, STTX, EVTI, CMGO

Blue Horseshoe Stocks: Reviewing EMBR, GROC & Much More

Great Rock Development Co. GROC

As we were mentioning in yesterday morning’s premarket report, we tagged GROC last Wednesday at a low of .0055, and saw the PPS run as high as .0124 on Friday (+125%).

To kick off this week, GROC would perform well once again, and be just one of several timely alerts in our morning report. The stock briefly traded at .0095 early on in the session, and it would go on to register a daily high of .0148, which represented an intraday rip of 56%, and a four-session swing of 169% over our observed low last Wednesday.

We’ll continue to monitor the situation, as GROC closed on twice its 3-month average volume and with strength, maintaining the majority of its daily advances at .0139.

Plug Power, Inc. PLUG

We noticed PLUG gaining some momentum off of a recent bottom, noting multiple consecutive sessions of higher highs and higher lows. We mentioned that we’d be on the lookout for that trend to continue into this week, and that is the way it has unfolded.

The other things we said we’d be watching for were the filling of a small gap on the chart around 2.00, and a testing of the 50DMA of 2.13, and we witnessed the occurrence of both. PLUG managed a nice, steady move from the $2-mark up to 2.33 for a solid 16.5% increase, so again, we’ll keep our eyes open for it to keep recording higher highs and lows.

Embarr Downs, Inc. EMBR

EMBR was another stock from yesterday’s report, the activity of which would provide the opportunity for multiple successful swing trades.

From an early low of .0014 it broke out to the high-of-day at .0024 for an initial 71% jump, and that was followed by a dip to .0018 and a run back to .0024 (+33%). Just prior to the close, one more chance would present itself with a pullback to .0017 and return to its closing price of .0022, adding the chance at an extra gain of 29%

Greenway Design Group, Inc. GDGI

GDGI is a super-subpenny that we tagged yesterday after noticing some activity off of its low of .0002, and that activity not only continued, but increased. Roughly between 10:30AM-12:30PM, shares could have been snapped up at that .0002-level, and the stock ended up running into the close at .0004 for a smooth, 100% gain!

Great Basin Scientific, Inc. GBSN

We also want to raise an activity alert on GBSN, a stock we entered into the log three weeks ago as a bottom-watch play. It continued to peel back, setting new 52-week lows along the way, and we included a reminder for folks not to let it slip off a couple of Fridays ago.

After a patient three-week wait, GBSN has finally showed us what we had anticipated; yesterday the stock broke out from .0523 to touch a high of .0785, a nice, round, 50% run! We’ll be watching intently now, to ensure that GBSN will continue to establish a higher base of support and undergo a more sustained recovery.

Extended Watchlist:
TPIV, WGBS, WSTI, KATX