Tag: GBSN

Blue Horseshoe Stocks: ZSPH Takeover Rumors & More

ZS Pharma, Inc. ZSPH

We’ve noticed some abnormal activity coming out of ZSPH yesterday on the heels of supposed talks of a takeover by Actelion,Ltd (ALIOY). The stock had already been in a general uptrend since the end of August, and really took off on confirmation from the company that it had indeed entered into talks to possibly be taken over in what it referred to as a ‘strategic transaction’.

When stocks surge so rapidly on non-material news, there’s always a good chance for seeing a classic dip-and-style style formation on the chart, so that’s what we’re going to be on the lookout for in this case.

To help us leverage the activity in ZSPH to our greatest advantage, we’ll formulate a corresponding options idea to monitor for intraday strike opportunities. Out specific target range will be ZSPH Weekly $75-85 Calls. We had monstrous success with some of our other recent options ideas, we’ll look to ZSPH to help us finish out this holiday-shortened week on a high note.

Bottom Watch Plays

Net Element, Inc. NETE –

The NETE chart has caught our eye this morning as one with the potential to produce a promising recovery play. The stock is trading at relative lows, having just logged it’s annual bottom last month. There is also a clear-cut example of a double-bottom formation on this chart, so we’re going to tag this stock for extended observation.

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Great Basin Scientific, Inc. GBSN

We’ve been tracking GBSN in hopes of catching its eventual bottom, and as of today we’re still waiting. We don’t want to let it slip off of our radars, however, because the chance for a hefty rebound when solid support is ultimately established is very high. The chart has recently reached egregiously-oversold territory as we’ve pointed out below. We’ll look for it to begin building higher lows and kick off its recovery.

Amazon.com, Inc. AMZN – Options Idea

We also want to formulate a quick options idea for AMZN. The stock is trading way below analyst estimates, so we’re going to be tracking a little bit of a longer-term idea. We want to keep a close watch over the 10/16 $550 Calls.(Last traded @ 10.17)

In order for us to remain interested in those contracts, we’ll want to see AMZN maintain support no lower than 499.74 (50DMA). In the event that it fails to hold above that threshold, we’d need to roll our strike price down to the $525’s of the same expiration date.

Grillit, Inc. GRLT – Super Subpenny on Watch

We’ve also identified a few bullish characteristics on the GRLT chart. This super-subpenny play has the look of a stock that could possibly break out. If it can maintain its PPS at a level no lower than the 50DMA of .0004, we’ll keep this one on watch for potential move in forthcoming sessions.

Blue Horseshoe Stocks: ASTI Recap, Options Reminder & More

Trevena, Inc. TRVN

Of all of the plays that we were monitoring via our extended watchlist in yesterday’s premarket report, the most potent intraday performance came from TRVN. The stock had made a nice move in the previous session, had pulled back, and looked primed for another nice move based on the premarket activity we observed.

As the overall markets saw a trend reversal, TRVN made a solid, steady, run from a daily low of 9.21 up to 11.47; that registered as a 25% increase on more than 12X the 3-month average volume.

The stock is increasing further in the premarket today (traded as high as 11.83 thus far), so we might want to look out for the possibility of a slight dip followed by a continuation of yesterday’s momentum.

Ascent Solar Technologies, Inc. ASTI

ASTI is a stock we’re very familiar with, as a quick tag search of our archives reveals, we’ve taken advantage of this stock multiple times over the years. A couple of weeks ago, we tagged the stock as a bottom-watch play after noticing it was being beaten back to new 52-week lows.

We stated that ASTI was a prime candidate for a bounceplay, and an extreme item of interest “because when a rebound does occur, it could be very significant.” and we couldn’t have been more spot-on in that assumption.

It’s ultimate low of .10 came just three sessions hence, and the impressive multi-day recovery pushed ASTI as high as .3597 yesterday. That represents an overall swing of 260%

Options Reminder:

Last Thursday just as the markets were becoming highly distressed, we formulated set of longer-term options plays to watch once a market rebound began to occur.

Yesterday, another reversal came to pass, so we just wanted to issue a brief reminder of the potential targets we listed, and are still tracking heavily: 09/18-10/02 Calls in the FB, GPRO, GMCR, AAPL, NFLX, and TSLA chains.

Extended Watchlist:
AXPW & VRA (Nice Moves Yesterday, Still on Watch),
MEI, GBSN, GEVO

Blue Horseshoe Stocks: Bottom-Play Roundup & More

Last Week’s Bottom-Bouncers

We were tracking a couple of stocks and an ETF that we put on bottom-watch heading into the end of last week, and are happy to report that we’ve seen the beginnings of some nice rebounds on those fronts.

Direxion Daily Nat Gas Bull 3X ETF (GASL)
It started with the triple-leveraged natural gas bull fund, GASL, which we caught coming off of its 52-week lows and entered into the conversation on Thursday. At the time we would witness a PPS low of 4.88, and after a nice initial run that day, GASL would go on to register a high of 6.98 on Friday. That marked a timely call on our behalf which opened the door for overnight profits of up to 43%

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LINN Energy, LLC (LINE) & Linn Co, LLC (LNCO)

We tagged this linked pair on Friday, noting that one is a publicly-traded wholly-owned sub of the other, and that the chart patterns were virtually identical. Traders could have latched on to either, and witnessed the reversal we called for on the charts.

The move for the parent, LINE, was recorded as a run from 2.73-3.83, a 40% intraday swing. The subsidiary, LNCO, ran 34% from 2.46 to 3.29. Both very respectable single-session moves.
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We’ll continue to monitor all three of these plays for the possibility of continued uptrends as we kick things off this week. We’ll look for each one to register higher lows, building a higher base of support than we witnessed on Friday.

Pazoo, Inc. PZOO – Update

We re-tagged PZOO on Friday, pointing out the recovery that had been transpiring on the chart, and we were granted another nice opportunity by the stock. We watched as it ran from a daily low of .0059 and went as high as .0073

In the video chart we drew up for PZOO in that report we mentioned we wanted to see a break of the 50DMA (.0061) and we’ll look for the stock to maintain support at or above that level on any pullbacks. The next area of key resistance crops up at the 200DMA of .011.

The company had a conference call last week (>>>Read Transcript or >>>Listen to Call) which went over a vast array of important topics. We suggest taking the time to go over that; highlights included financial and share structure data, as well as information regarding all branches of the company’s rapidly expanding marijuana testing business.

The Medicines Co. MDCO

Setting off our abnormal volume scanner this morning was MDCO, which looks ready to fly with un-traded upon news regarding a cholesterol study hitting the wires on Sunday. The stock is up considerably in the premarket, so we’re going to formulate a potential quick-hitting options idea for intraday/intraweek flip opportunities- We’ll be looking for the possibility of dip-and-rips in the range of MDCO Weekly $38-41 Calls.

Extended Watchlist:
SIRG (Subpenny Momentum Play)
BONT, SFXE, GBSN (Bottom-Watch)