Blue Horseshoe Stocks: Revisiting CETV & More

Central European Media Enterprises, Inc. CETV
CETV is a stock we’ve looked in upon a few times over the past year or so, first catching it all the way back in May of 2013. We like to keep a continuous eye on all of our past winners in the event that they might bring future opportunities, and that’s why we’re going to revisit CETV this morning.

The stock is coming off of recent lows, and is showing some signs of life on the heels of improved earnings released today, presently gapping up past the 50DMA, up 10% in the pre-market, and trading in the high 2.70’s. We’re going to want to watch closely as the stock reacts to some favorable numbers:

HAMILTON, BERMUDA, July 30, 2014 – Central European Media Enterprises Ltd. (“CME” or the “Company”) (NASDAQ/Prague Stock Exchange – CETV) today announced financial results for the three and six months ended June 30, 2014 .
Net revenues for the second quarter ended June 30, 2014 were US$ 204.9 million compared to US$ 175.6 million for the same period in 2013 . OIBDA (as defined below) for the second quarter ended June 30, 2014 was US$ 41.6 million compared to US$ 8.0 million in 2013 . Operating income for the three months ended June 30, 2014 was US$ 22.6 million compared to an operating loss of US$ (4.6) million in 2013 . Net loss for the three months ended June 30, 2014 was US$ (52.5) million compared to US$ (41.1) million in 2013 . Fully diluted loss per share attributable to CME for the three months ended June 30, 2014 was US$ (0.36) compared to US$ (0.34) in 2013. Click for 6 Month Revenues and rest of PR >>>

In Ovations Holdings, Inc. INOH

INOH popped up on our scanners this morning as a sub-penny play with bottom-bounce potential. The stock is coming off of a recent sub-.001 bottom, and began to rebound during yesterday’s session.

INOH had a rapid spike to more than .008 back in June, so we know the potential for a move is there, and will keep a close watch over INOH in coming sessions.


Side Notes:

PGT, Inc. PGTI

Speaking of bottom bouncers, we just wanted to make a quick mention of yesterday’s extended watchlist play, PGTI. The stock gapped up and reversed course, trading in a daily range from 8.76 – 9.77, an intraday move of 11.5%. We’ll be looking in on PGTI today to see if it can maintain course.

NQ Mobile, Inc. NQ

NQ has made repeat appearances in our reports, most recently July 21st, and since that time, has been trending off of its own bottom. Even after several sessions of positive trading, we want to pay special attention to NQ following word of a possible buyout:

NQ Announces Receipt of Non-Binding Proposal to Acquire All Outstanding Shares of NQ (Wed 8:38AM EDT)


Extended Watchlist:
JDST, TXMD, GSVC, INAP, GEVO, S

PNCH, SKTO, PLUG & Extended Watchlist

 

IC Punch Media, Inc. PNCH

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SK3 Group, Inc. SKTO

We first began talking about PNCH and SKTO last Tuesday, and have seen really good performances out of each stock since that time.

PNCH hit a high of .0149 before closing at .0142, up 42% on the day on over 2X the 3mo. average volume, and bringing our total gains on the stock thus far to 148%. BARCHART.COM is still giving PNCH a 72% Overall Buy Rating.

SKTO hit a high of .03 yesterday, an astonishing 1204% rip from last Wednesday’s low of .0023. We certainly hope that many of our readers took notice of our coverage, and were able to play SKTO for much of those gains.

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Plug Power, Inc. PLUG

Yesterday we re-alerted a past play in PLUG. We were rewarded with a powerful session from the stock, as it managed to close at its high of day ( .2687), for a 24% gain on the day. We are seeing that momentum carry it into a morning gap-up, having already traded above .30 pre-market.

The next key resistance will come at the 50DMA of .33, and should we see a break past that level, there is a chance we could see this one trade up to the forty cent-range. The RSI is inclining, but has not yet reached the power zone, so we have reason to believe that the stock is not yet overbought.

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Side Notes:

Alot of newsletters struggle to bring you one green play in a day. We’re not sure where else you can go to find several winners a day. Yesterday, three out of four of our selections made significant gains. The fourth, had already seen multi-bag gains this week following a prior alert.

We also want to remind everyone to keep an eye peeled for a special report we will be sending out following today’s closing bell. We have a promising opportunity in the form of a stock that we feel could close out the week with a bang. You won’t want to miss this special report. 

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Extended Watchlist:
FLPC, IDVC, RENU, SIRI, GEVO, PGSI