Tag: JCP

FRTD, PSID, PLUG & Extended Watchlist

Fortitude Group, Inc. FRTD

Leading up to yesterday, FRTD had already afforded us the opportunity to make up to 122% as we called out the stock on Tuesday and watched as it subsequently ran from .0081-.018.

At the start of yesterday’s session, FRTD briefly peeled back to .0151, found support, and would go on to hit a high of .0249. That marked an intraday gain of 65%, and brings our two-day total of cumulative gains on this stock to 187%

That performance came behind a PR that was released after the open announcing the possible repurchase up to 100M shares, read ahead for the whole story:

ERIE, PA–(Marketwired – Feb 26, 2014) – Fortitude Group Inc. (OTC: FRTD) CEO Thomas J. Parilla today announced that its Board of Directors on February 25, 2014 adopted a corporate resolution to authorize a stock repurchase plan pursuant to which Fortitude Group, Inc. may repurchase up to 100,000,000 (100 Million) shares of its common stock. >> FULL PR

Positive ID Corporation PSID

Ever since we brought PSID, an old favorite, back to the table in a report we published on February 18th, the stock has been creeping steadily higher each day. At the time of that initial alert, we observed a low of .0572. That places our total possible gain on this play at 92% as of yesterday’s high mark at .11.

Take a look at the following chart we’ve annotated to highlight some of the key aspects of the chart. Conditions appear to suggest that a sustained uptrend could be in the cards. In the event that another consolidation period occurs we’d like to see support hold at or above the 200DMA.

DELRAY BEACH, Fla., Feb. 26, 2014 (GLOBE NEWSWIRE) — PositiveID Corporation (“PositiveID” or “Company”) (PSID), a developer of biological threat detection and diagnostics solutions, today provided a review of its 2013 accomplishments and its outlook for 2014.

William J. Caragol, PositiveID’s Chairman and CEO, commented, “2013 was a very important year for us as we continued to position the Company and its products to address and capitalize on significant current and forecasted market opportunities in defense, healthcare and the molecular diagnostic sectors. We are currently in strategic discussions with several large government and commercial partners related to our biothreat detection (M-BAND) and medical diagnostics (Firefly) products, and expect to enter into agreements with one or more of these partners/customers in the first half of 2014. >> FULL PR

Plug Power, Inc. PLUG

February 15th marked the one year anniversary of PLUG appearing in our reports for the first time. We’ve continuously monitored this stock’s amazing progress, coming all the way from .1155, and continuously growing into the $4.00+ gem that you see today. If you take a look at the search results for PLUG in our archives, you can see that we’ve followed it every step of the way.

You don’t need a calculator to tell how impressive the overall move from PLUG has been, but just for fun, let’s use ours: In one year’s time, PLUG has given us the gift of an absolutely unreal increase of 3,917% measuring from yesterday’s high of 4.64!

The stock reached these heights thanks in part to orders the company has received from the world’s largest retailer. Along its current trajectory, we would not be surprised to see this stock continue its steady advance:

Plug Power Receives Milestone Order From Walmart for Multi-Site Hydrogen Fuel Cell Deployment

LATHAM, N.Y., Feb 26, 2014 (GLOBE NEWSWIRE via COMTEX) — Plug Power Inc. (Nasdaq:PLUG) today confirms the company has received a multi-site GenKey purchase order from Walmart Stores, Inc. to roll out its hydrogen fuel cell solution to power electric lift truck fleets at six North America distribution centers. The first of six sites will be deployed by the second quarter of 2014. >> FULL PR

Extended Watchlist:
JCP, DANG, CRDC, SYMX, CTIC, PEIX, BIOF, FMCC, FNMA

Blue Horseshoe Stocks: FRTD, A Word on the Cannabis Sector

Fortitude Group, Inc. FRTD

We sincerely hope that our readers caught yesterday morning’s report, and read all the way through to the Extended Watchlist where we included FRTD as new cannabis momentum play. The head of steam that the stock began to build on the heels of a recent series of PR’s regarding the company’s entry into the trendy cannabis sector led to continued advances during yesterday’s session.

We saw FRTD touch a low of .0081 before exploding to its high-of-day at .018, a positive intraday move of 122%

FRTD is just the latest in the long line of companies we’ve seen take advantage of the hysterical nature of 2014’s “Green Rush”. While much of the initial fervor we witnessed in December and January has relaxed, don’t expect to stop hearing about this sector anytime soon. In fact, as more and more data comes in, we expect the marijuana business to grow exponentially as each state realizes the financial benefits and caves to economic pressure.

This hypothesis was reinforced by the January tax numbers from Pueblo Country, CO (where the substance is now completely legal) came in. See THIS ARTICLE, which shows that based on their January tax income from marijuana sales, the county stands to increase their annual bugdet by nearly 5%  Colorado is currently serving as an experimental template, and you can be sure that all across the nation, legislators and business people alike are watching intently.

In other news, US banks are quickly clearing hurdles in the way of providing services to pot-related business, and the general sentiment in Washington, is to let this all play out naturally. Even the current administration has made statements which set the table for widespread marijuana reform. Several legislators have petitioned the president to reclassify marijuana, a relatively harmless substance when considering the fact that it now shares a classification with heroin and similarly dangerous drugs.

While many obstacles remain to be navigated, the proverbial ball has begun rolling, and it seems now that there is little that can ultimately stand in the way of progress.


MOST RECENT PR:

ERIE, PA, Feb 24, 2014 (Marketwired via COMTEX) — Fortitude Group, Inc. (OTC: FRTD) CEO Thomas J. Parilla is pleased to announce that on February 22, 2014, the Company executed a Master Agent Agreement with eViteXchange.com. Under the terms of the agreement, Fortitude will offer and facilitate closed-loop transaction processing to legal dispensaries in the medical marijuana industry as well as provide processing for entities in states that have legalized recreational marijuana sales.

Fortitude shall acquire from eViteXhange.com the URL’s 420banc.com and 420cashcard.com. Both domains will be used as a pre-paid platform allowing legal marijuana merchants customers to process purchase transactions using a debit card vs. cash. The private-label card will offer additional rewards and points to the card holders which can be custom designed to fit their individual likes and needs. Fortitude expects to derive approximately $155.00 annual profit per retail card user. The Company intends to launch on March 17, 2014.

Be sure to stay tuned to our reports, and/or check our blog at BlueHorseshoeStocks.com regularly. We’re continuously tracking the cannabis sector as a whole, and often add new plays just like FRTD to the list.

Extended Watchlist:
PLUG, LJPC, DGAZ, FNMA, FMCC, RNN, JCP, IMRS

SING, USEI, AEGY & Extended Watchlist

Singlepoint, Inc. SING

SING was an unbelievable gainer for us yesterday, so much so that we felt the need to send out an afternoon alert just to make sure everyone was paying attention. After briefly touching .0195 just after the open, the stock went into beast-mode and rampaged its way into the close at its high of day, .084, a 331% intraday move on roughly 12x its 3mo. average volume.

At the time of our afternoon update (2:30pm) the stock was trading at .044, so even those who missed the morning report could have still made gains of up to 91%

We want to point out another aspect of SING’s performance that serves as a good lesson: In yesterday morning’s report we stated: “Indeed we are seeing the gap-up that we expected, this morning pre-market trades have gone off as high as a nickel. After such a huge spike, we wouldn’t be looking to jump in head-first, as a dip-and-rip scenario is exceedingly common in these situations.”

We hope that many of you caught this tidbit, because SING then executed a textbook dip-and-rip, coming down off of a nickel to touch that low of day at .0195 before taking off into the stratosphere. Congratulations to anyone who adeptly played this monster of a play. It was a great way to kick off another exciting week of OTC trading.

US Energy Initiatives Corp. USEI

Speaking of monster gainers, USEI is the other major reason why we hope folks caught our afternoon update yesterday. Our alert couldn’t have been timed much better; the stock was trading at .0027 when we published our report at 2:30pm, just before it would explode to hit a high of .0064 (A possible gain of 137%) and close just a couple of ticks below at .0062 on over 20x its average volume.

The stock traded roughly 80% of its 500M float, meaning the supply of freely-traded stock on the Street is dwindling, a scenario that could produce even more large gains as we go forward.

Remember, this company just announced its entry into the Cannabis Sector yesterday, so we’ll be monitoring this stock alongside all of the other pot plays we’ve been tracking.

Alternative Energy Partners, Inc. AEGY

AEGY was another one that appeared in yesterday’s reports and  afforded traders the chance at sizable profits, as it too played out a dip-and-rip from .0082 to .0119, a 45% move. The main difference between this and the aforementioned stocks, is that we have been following AEGY closely since the beginning last week, when the stock was trading at a low of .0036.

From our initial alert price, AEGY’s high yesterday represented a one-week increase of 231%

AEGY just underwent a Golden Cross on its chart, which will make it one story to follow closely as the week progresses.

Extended Watchlist:
JCP, RSOL, NURO, HEB, OCLS, PTIE