Tag: LNCO

Blue Horseshoe Stocks: SDOC Recap & More


SandRidge Energy, Inc. SDOC

Our mention of SDOC in Friday’s premarket report turned out to very well-timed. We’ve had the stock on our radars since early this year, and  pushed it to the back burner for awhile, having so many other items of interest on the table.

We circled back around to it on Friday, just in time to catch a solid single session performance as the stock ran from a low of a nickel up to .0674; that works out to a 35% intraday increase on fairly heavy volume.

We’ll continue to keep an eye on SDOC, which appears to be ready to gap-up slightly today, for a breach of the 50DMA at .08.

Celldex Therapeutics, Inc. CLDX

We’re going to tag CLDX this morning as a bottom-watch play with serious rebound potential. Our bottom-feeder alerts are sounding loudly as we’re seeing the stock take an absolute nosedive on news of the cancellation of the company’s late-stage brain tumor vaccine study.

We’re always on the lookout for knee-jerk selloffs (which often transition into recovery plays), and CLDX has lost roughly half its value solely on the perceived effect of the announcement.

It’s worth it to mention that the company still has seven clinical trials underway on other products, so the discontinued project is by no means the only thing in the company’s pipeline.

We’ll be interested to track the action in CLDX in coming sessions as investors adjust to this morning’s events.

Extended Watchlist:
DCLT, PVAH, GDPM, WRES, LNCO, BBEP, CLF, KEG

Blue Horseshoe Stocks: Bottom-Play Roundup & More

Last Week’s Bottom-Bouncers

We were tracking a couple of stocks and an ETF that we put on bottom-watch heading into the end of last week, and are happy to report that we’ve seen the beginnings of some nice rebounds on those fronts.

Direxion Daily Nat Gas Bull 3X ETF (GASL)
It started with the triple-leveraged natural gas bull fund, GASL, which we caught coming off of its 52-week lows and entered into the conversation on Thursday. At the time we would witness a PPS low of 4.88, and after a nice initial run that day, GASL would go on to register a high of 6.98 on Friday. That marked a timely call on our behalf which opened the door for overnight profits of up to 43%

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LINN Energy, LLC (LINE) & Linn Co, LLC (LNCO)

We tagged this linked pair on Friday, noting that one is a publicly-traded wholly-owned sub of the other, and that the chart patterns were virtually identical. Traders could have latched on to either, and witnessed the reversal we called for on the charts.

The move for the parent, LINE, was recorded as a run from 2.73-3.83, a 40% intraday swing. The subsidiary, LNCO, ran 34% from 2.46 to 3.29. Both very respectable single-session moves.
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We’ll continue to monitor all three of these plays for the possibility of continued uptrends as we kick things off this week. We’ll look for each one to register higher lows, building a higher base of support than we witnessed on Friday.

Pazoo, Inc. PZOO – Update

We re-tagged PZOO on Friday, pointing out the recovery that had been transpiring on the chart, and we were granted another nice opportunity by the stock. We watched as it ran from a daily low of .0059 and went as high as .0073

In the video chart we drew up for PZOO in that report we mentioned we wanted to see a break of the 50DMA (.0061) and we’ll look for the stock to maintain support at or above that level on any pullbacks. The next area of key resistance crops up at the 200DMA of .011.

The company had a conference call last week (>>>Read Transcript or >>>Listen to Call) which went over a vast array of important topics. We suggest taking the time to go over that; highlights included financial and share structure data, as well as information regarding all branches of the company’s rapidly expanding marijuana testing business.

The Medicines Co. MDCO

Setting off our abnormal volume scanner this morning was MDCO, which looks ready to fly with un-traded upon news regarding a cholesterol study hitting the wires on Sunday. The stock is up considerably in the premarket, so we’re going to formulate a potential quick-hitting options idea for intraday/intraweek flip opportunities- We’ll be looking for the possibility of dip-and-rips in the range of MDCO Weekly $38-41 Calls.

Extended Watchlist:
SIRG (Subpenny Momentum Play)
BONT, SFXE, GBSN (Bottom-Watch)

Blue Horseshoe Stocks: PZOO Update, Bottom-Plays & More

Pazoo, Inc. PZOO

We’ve been keeping close track of PZOO over the past couple of weeks; our regular readers will recall our last mention of the stock back on the 18th, when we called attention to the formation of  a double bottom on the chart. We suggested it was time to begin monitoring the stock heavily for a potential recovery and it began just a few days later.

PZOO ultimately found support at the .0032-level, and over the course of the ensuing five sessions, bounced its way back to .0058, marking an 81% swing.

We’ve provided a video highlighting some of the key aspects of the PZOO Chart and what to look for moving forward:

Direxion Daily Nat Gas Bull 3X ETF (GASL)

We flagged GASL, a triple-leveraged ETF for natural gas bulls, as a potential bottom-play in yesterday’s premarket report, and it went on to make a respectable intraday move.

GASL started out its daily range from a low of 4.88 and ran into the close, hitting a high of 6.08. That gave traders the chance at banking up to a solid 25% in profits on the day.


Possible Bottom-Plays

Speaking of potential bottom-plays, we’re taking notice of a couple of related stocks with strikingly similar charts that have been beaten back to annual lows, and begun to show signs of a recovery this week.

LINN Energy, LLC (LINE) & Linn Co, LLC (LNCO)

LNCO is a publicly traded subsidiary of LINE, which explains the similarity of the charts and suggests that each will continue to mirror the other. We’re going to keep watch over this linked pair in coming sessions for the possibility of a protracted rebound.

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