GNK Archives - Page 2 of 2 - Blue Horseshoe Stocks

CNDO, FREE, WPCS & Extended Watchlist

Coronado Biosciences, Inc. CNDO

When we last visited CNDO, we made mention of the large gap on the chart that we were looking to see filled. At the time (Dec.12th), we observed prices as low as 1.75. Now two weeks later, we have seen some real strides toward the filling of that gap, with yesterday’s high of 3.09 marking a gain of 77%

The stock has been making higher lows for the past four sessions, and we’ve mentioned that a break of the 50DMA could lead to further gains. Now that it has happened, we are going to be extra vigilant over this play.

We took the liberty of drawing up a video chart on CNDO for your convenience:

As far as options trading is concerned, we are currently eyeballing the 01/18/14 2.50 Calls, which closed at .72 yesterday. A return of the stock to previous levels in the $4-5 range would likely yield multi-bag gains on those contracts.

FreeSeas, Inc. FREE

FREE has been a big winner for us in the recent past. Following our last alert, the stock was trading as low as 1.12. We had previously ridden FREE for gains of more than 400% and after watching it consolidate heavily, we mentioned that chart indicators were signaling the beginning of what we assumed would be another significant run.

Once again, our assumptions proved to be highly accurate. The stock has found its way off its bottom, yesterday reaching as high as 2.40. That marks an opportunity for gains on the order of 114% in just a couple of weeks.

WPCS International, Inc. WPCS

On December 23rd, WPCS appeared in our extended watchlist. It didn’t take long to see a positive move out of this stock; yesterday as it traded from a low of 1.46 to 1.619, it afforded traders the chance at a modest 11% gain.

We really want to keep an eye out for further movement on WPCS, as the stock is gapping up heavily this morning, to the tune of roughly 80% This comes on the heels of yesterday’s news that the company has developed a Bitcoin trading platform to capitalize on the recent digital currency fad.

EXTON, PA, Dec 26, 2013 (Marketwired via COMTEX) — WPCS International Incorporated (NASDAQ: WPCS), (“WPCS” or the “Company”), today announced that its wholly-owned subsidiary, BTX Trader, LLC (“BTX Trader” or “BTX”) has released a beta version of its Windows-based trading platform that is now available to the public at www.btxtrader.com. BTX Trader, which was recently acquired by WPCS, is the first trading platform to enable Bitcoin traders and industry researchers to access market data and execute orders on the five most popular Bitcoin exchanges in a single application.

Extended Watchlist:
PROW, DRYS, GNK, NEWL, EGLE, RSOL, SHIP

TGRO, GOGO, IMUC & Extended Watchlist

Tiger Oil & Energy, Inc. TGRO

TGRO continued to push itself to new highs on Tuesday, as the stock we’ve followed from a low of .36 (12/09) reached 1.47, extending our total possible gain in just a few weeks to 308%

We’ve obviously been extremely pleased with the performance of this pick, but as is the case with any stock that sees gains this large is so small a time-frame, it is by this point that one usually considers taking profits.

For more adventurous folks who might want to leave something on the table, we would suggest the possibility of using a stop-loss, in this case, the bottom of the previous session’s candle at 1.00.

Gogo, Inc. GOGO

GOGO began to rebound on Tuesday after a recent consolidation, holding support and bouncing off of the 50DMA. Many of you will recall our coverage of this popular tech play dating back to September 16th, when we caught it as low as 14.79. It went on to hit a high of 35.77, gaining 142% before the subsequent pullback we just mentioned occurred.

We want to keep an eye on GOGO, now that it has bounced off the $23-range, and is making its way back up, with pre-market trades currently going off above $26.

As far as options trading ideas for GOGO, we are interested in the January or February $30 Calls. For example, the February Calls previously closed at 1.70. If GOGO returned to $36 by 02/22 , those contracts could be trading in the $6 area, which would be good for more than a 250% gain from current levels. .

Extended Watchlist Winners
As is usually the case, we had a few picks from off of our extended watchlist that presented opportunities on Tuesday.

Bioanalytical Systems, Inc. BASI

Daily Range: 2.75-3.80 Gained: 38%

Noah Education Holdings, Ltd. NED

Daily Range: 2.34-2.56 Gained: 9%

ImmunoCellular Therapeutics, Ltd. IMUC

Daily Range: .96-1.09 Gained: 14%

Note: IMUC appears ready to continue its run today, gapping up in pre-market trading. Stay on top of this one, as several key chart indicators are beginning to look favorable. The RSI is starting to come off of being heavily oversold, and the MACD appears ready for a turnaround. As we’ve pointed out below, there is a large gap on the chart, the filling of which would spell significant gains providing it can break through the 1.20-range. We’ll be certain to have this one on our radars in the days and weeks to come.

Extended Watchlist:
ARIA, SPCHB, EROC, GNK

DUSS, ILST, TSLA, AAPL, ATRM & Extended Watchlist

Dussault Apparel, Inc. DUSS

On Tuesday, DUSS released an 8K containing information regarding its pending acquisition of a gold mining property. This adds substance to this very cheaply-priced stock, and with Wednesday’s session seeing a high of .0011 on more than 10X its 3mo. average volume, now is a good time to start monitoring this stock.

The last significant spike on the DUSS chart took it as high as .0015, so a return to those levels from here could facilitate gains in excess of 50% or more. We’d like to see support continue to hold at .0006-.0007 in order for us to remain interested.

International Star, Inc. ILST

We are introducing a new momentum play in ILST today. Like DUSS, ILST represents a company that has just shifted its business toward the mining sector. Wednesday, the stock woke from a slumber, and moved from a low of .001 to as much as .0034 on record volume.

The company is currently working toward getting their claim prepared for production. The Van Deemen Mine property consists of five un-patented claims totaling approx. 100 acres, and an additional 18 un-patented lode claims in the surrounding area. As with any junior mining project, the road to production can be a long one, so there’s no sense of urgency here. But at its current price level and at this stage of the story, we thought it would be a good time to put ILST on the radar, and begin following its journey.

Tesla Motors, Inc. TSLA – Options Ideas

Turning our attention to options trading, we are taking a look at TSLA. With the current conditions on the chart appearing favorable for an uptrend, we are looking at 12/21 $120 Call, which last traded at 11.35, and 12/27 $130 calls, last traded at 6.35.

As you can see on the included chart, conditions appear to be gearing up nicely for a possible surge in PPS.

Apple, Inc. AAPL – Options

AAPL is another candidate to provide us with some good options-trading opportunities based on current conditions. AAPL weekly Calls could provide a nice day-trading opportunity today that could yield fast profits. We want to radar the 550, 555 and 560 calls, because all week long, AAPL has been making huge gains and the weekly Calls have made multi-bag gains.

If today’s action can repeat the activity we saw earlier in the week, we could be looking at some sizable gains from these Calls. AAPL $550 calls closed at .80, $555’s closed at .30, and the $560’s were at .12. It’s always safer to play closer to the money with your strike price, so we’re keeping that in mind. If AAPL can’t make its way past $555, the $560’s may not make the same kind of moves that expect from the $550’s and $555’s.

Aetrium, Inc. ATRM

We’ve been talking about ATRM since last Friday, and highlighted it once again on Monday. It would pull back early in the week, and then on Wednesday we got the move we were looking for. From Tuesday’s low of 4.19, the stock would hit a high of 12.40, marking a possible gain of up to 196% for anyone who loaded up on the dip.

Extended Watchlist:
INOL, JCP, DRYS, DSS, FRO, ZOOM, UPIP, GNK, EGLE