IBIO Archives - Page 9 of 9 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: PLUG, BIOF, PEIX & More

Yesterday we saw money leaving the Solar Sector from profit taking, and it seems we’ve found new stocks that are heating up quickly, in the Energy Sector.

Plug Power, Inc. PLUG
PLUG first appeared in our reports back on February 15th. After being featured again in March 15th’s report, trading as low as .1161 at the time, and making its way up to .3177 by the 20th. That marked a gain of 174% Following that run, it pulled back to find support in the .15-range a few weeks ago.

Yesterday, the stock broke both the 100DMA (.28), its previous high at .3177, touched .3278, and closed just above the previous high at .318. We’d ideally like to see support hold at .318. Should it fall below that, we’ll need PLUG to hold support at .26-.285 in order for us to remain interested.

We’ve pointed out several key aspects of the chart below:

Continuing our theme of energy plays, here is a group that will be high on our watchlist today:
BIOF, PEIX, SCOK, FXEN,

BIOF and PEIX are some old-time favorites of ours in the ethanol sector. These two stocks generally tend to trend together, and have given us the opportunity for several gains over the long timespan we’ve covered them.

SCOK is a coal company that has recently gained some momentum, we want to keep an eye on that one today as well.

FXEN is a NASDAQ-listed energy play that also set off our scanners yesterday, as it enjoyed quite a fruitful trading session. Like the others, we want to keep an eye peeled for continuation of existing momentum.

We’d also like to congratulate ourselves for our stellar call of TCPS, which made a beauty of a run from .0025-.0061 (+144%), it then dipped back to .0045 and ran another 36% back to .0061, for cumulative intraday gains of 180%

It also made us the winners of yesterday’s Penny Stock Rumble:

Extended Watchlist:
TENP, CLNT, CLSN, IBIO, MBND,

AAPL, DRHC & Extended Watchlist

Dethrone Royalty Holdings, Inc. DRHC

Our bottom-bounce call of DRHC yesterday was spot-on. The stock pulled back to .0065 before running as high as .0094. In the video chart that we published along with our alert, we stated that we were simply looking for a quick 30-50% move out of DRHC, and that’s exactly what we got.

We like the activity we are seeing from this bottom play and will continue to monitor for subsequent bounces, provided the stock holds above yesterday’s support level of .0065.

Apple, Inc. AAPL

We sincerely hope our recent coverage of Apple calls hasn’t fallen upon deaf ears. We started with the $415 & $420 Calls last Monday, and kept raising our strike price as time progressed and Apple traded higher. On Wednesday, we had lifted it up to the $445’s, $450’s, and were even looking as high as the $455 Calls. The $455′s were as cheap as 2.30 on Friday, and hit a high of 9.80 yesterday, a possible gain of 326%, and that upward trend should continue.

This morning, Apple is trading up pre-market, causing us to once again raise our strike price into the $465 and $470 Calls. That being said, Apple has been on an absolute tear since its last earnings release, steamrolling upward for the past couple of weeks, thus we want to stay on our toes so that we won’t be caught off guard by a reversal. The next key resistance points are likely to be at $469.95, and $484.94. Should it break those levels, there is a gap to fill up to $504.77, as we point out on the chart below.

Extended Watchlist:
MWIP, ARNA, NLS, USU, ONCY, IBIO,

IBIO, ARNA, & Today’s Extended Watchlist

iBio, Inc. IBIO

We’ve been quietly watching IBIO for quite some time. This AMEX stock has been on a consistant downtrend for the past couple of months, and is reaching the point where we felt it was time to begin sniffing for a bottom.

As you can see from the chart below, IBIO has the look of a stock that could be in for quite a recovering run once that ultimate bottom is reached. Shares from this price level could really turn out to be a bargain in the long run.

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Arena Pharmaceuticals, Inc. ARNA

ARNA hit a high of 8.65 on Wednesday. That’s a 57% gain from the stock’s low (5.50) following our initial alert. It appears that many investors are, like us, highly anticpating the possibility of ARNA’s FDA Approval.

We’ve already seen sizable gains from ARNA, and certainly would like to keep the stock on our radars for the forseeable future. We will, of course, keep you updated as to the situation.

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We’d like to congratulate any traders who managed to trade RGIN successfully yesterday, as it was not for the faint of heart. The stock opened at .285 yesterday, and hit a high of .44 before falling into the close at .20. Savvy traders could still have made an intraday gain of 54% early on, and if anyone caught the afternoon bounce from .151 to .249 that came following the high of day, an additional 62% gain was possible.

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Extended Watchlist:
JASO, VPER, THWI, OMVE