INAP | Blue Horseshoe Stocks

Blue Horseshoe Stocks: NTNX Update & More

Nutanix, Inc. NTNX

We began highlighting NTNX just a week ago in our report from the morning of March 12th. On that day the stock saw a low of 35.20, as we signaled the NTNX 05/19 $40-42.50 Calls for longer-term observation.

We wanted to provide an update on both the stock and our options targets this morning, as NTNX has produced a very solid and steady uptrend since the morning of our initial alert. Yesterday, NTNX ran to a new high of 42.21. That marked a 1-week increase of 20% and it allowed for some nice moves in our highlighted contracts.

The $40 Calls have thus far traded in a range from 1.96 to 4.20 for a gain of 114% while the $42.50’s ran from 1.21-2.85, an increase of 136% NTNX is only halfway to filling the topside gap on itas chart, and there’s plenty of time remaining until expiration. We’ll be interested to see if the stock can pile on even more gains.
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Fresh Options Ideas:
Conagra Brands, Inc. CAG 04/18 $24-26 Calls
Williams Sonoma, Inc. WSM 04/18 $57.50-60 Calls
Darden Restaurants,Inc DRI 04/18 $115 Calls

Extended Watchlist:
BIOS, MTP, UBX, MBT, LIFE, UAVS, AXSM, DF, INAP

Blue Horseshoe Stocks: NKE Review & More

NIKE, Inc. NKE – Options Update

Yesterday we brought a grouping of NKE options ideas to the table following a post-market options beat the previous day.

Despite the slow market conditions that are to be expected of a week leading into the year-end holidays, we felt that NKE was set to provide some opportunities, and we weren’t disappointed.

Our targets for “daytrades and/or swing trades” were the NKE Weekly $52.50-54 Calls and it appears as if both notions will turn out to be correct, with the stock looking like it could post another strong session today. As for the daytrades that were possible yesterday, we saw the most notable moves out of three sets of contracts in our highlighted range:

$52.50 Calls – Range: .15-.38 – Max Gain: 153%
$53 Calls – Range: .07-.21 – Max Gain: 200%
$29 Calls – Range: .03-.09 – Max Gain: 200%

ERF Wireless, Inc. ERFB

We want to provide a quick update on ERFB this morning, which we highlighted in last Friday’s premarket repot. The stock saw a subsequent low of .0013 following that alert, and as of yesterday it had pushed as high as .0079.

That worked out to a 508% intraweek move up, so we want to say congrats to anyone who took this subpenny popper for a ride on the heels of last week’s tag.

Potential Bottom-Plays

We found a pair of stocks this morning that are both trading near their relative bottoms, with strong indications of impending rebounds on both of the charts.

Imprimis Pharmaceuticals, Inc. IMMY
& Ideal Power, Inc. IPWR

In addition to a ripe-looking chart, IMMY has seen some insider buying of late. A recent Form-4 filing revealed a significant buy ($280K) from CEO Mark Baum, who, coincidentally enough, also serves on the board of IPWR. We’re going to keep both of these stocks on recovery watch in the days and weeks ahead.

Fresh Options Idea: MU Weekly $22-23.50 Calls

Extended Watchlist:
INAP, TKAI, RGSE, ANY, HTBX, SYRX

Blue Horseshoe Stocks: Revisiting CETV & More

Central European Media Enterprises, Inc. CETV

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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