Tag: LSG

Blue Horseshoe Stocks: GWPH, MCRS, COCO & More

GW Pharmaceuticals, Inc. GWPH

We were hot on the trail of GWPH last week, first bringing to our readers’ attention on Tuesday, and following it pretty intensely after that. It was another winning call, and we were rewarded by huge gains in the options contracts that we were tracking.

If you refer to Tuesday’s report, we put the $80-85 Calls on watch. At the time, the $80 Calls were trading at a low of 2.80, and on Friday, they reached an incredible $15. That’s a mega-move of 471% in just four sessions!

The $85 Calls were even more impressive, starting out at a low of .35 following Tuesday’s tag, and absolutely skyrocketing to Friday’s high of 11.30. There aren’t enough superlatives to describe how pleased we were with that titanic run, which amounted to an intraweek increase of 3,128%

GWPH serves as an excellent example of why our daily coverage of the hottest opportunities on the markets has included more and more options plays than ever before. It is a great way to leverage relatively small moves by a stock, into what you can see are some astonishing chances for major-league gains.

An added note: Granted the fact that GWPH is a cannabis related play, we thought we’d mention the fact that New York just became the latest state to green-light a medical marijuana program for its residents. Between that, the upcoming 1st Annual WeedStock Conference in Denver, and the approaching start of Washington State’s legal sales, we wouldn’t be surprised if the marijuana sector began to pick up as we head into mid-summer. We’ll be keeping this and other related stocks on closer watch over the next several weeks.

MICROS Systems, Inc. MCRS

MCRS took off on Friday when word of a rumored buyout hit the street, and we now have confirmation that Oracle (NYSE: ORCL) will indeed acquire MCRS at a price of $68/share. We’re going to be peeking our heads in on this play as we kick off a new trading week.

The stock is gapping up close to the exercise price of the buyout this morning; often when we run across a situation such as this, the stock can have a hard time superseding the buyout price. However, if MCRS can get over the $68-mark, there could be some room left to the upside that would cause us to take interest in the $65-70 Calls.

Currently, the $65 Calls are trading at 3.75, and the $70’s are trading at 1.35- we’ll be monitoring those closely once we get a feel for how MCRS is going to respond.

Corinthian Colleges, Inc. COCO

COCO is catching our attention today as a stock that absolutely fell off a cliff last week, and appears to want to begin to retrace its steps, after bouncing on Friday, and continuing to gap-up in the pre-market this morning.

We always like to follow plays like this one closely, as stocks in recovery-mode have rewarded us time and time again in the past. News out today reported that the company will be receiving the necessary funds to continue its daily operations.

SANTA ANA, Jun 23, 2014 (GLOBE NEWSWIRE via COMTEX) — Corinthian Colleges, Inc. (Nasdaq:COCO) announced today that it has reached a memorandum of understanding with the U.S. Department of Education (the “Department”) that maintains uninterrupted daily operations at its schools, until the Company and the Department finalize a more detailed transition plan. Corinthian currently serves about 72,000 students at 107 campuses and online. >>> FULL PR

Extended Watchlist:
LGBS, LSG, CENT, CRIS, PLXT, AZC

Blue Horseshoe Stocks: AAPL, PTX, ARTX & Extended Watchlist

A Word on the Apple-Beats Rumor

If you read or watch the news, chances are you’ve caught wind of the rumors surrounding Apple’s potential acquisition of Beats Electronics, purveyor of the vastly popular Beats by Dre brand of upscale headphones and speakers. It has certainly sent investors scrambling in recent days, as people attempt to ascertain the effects of a proposed $3.2B deal that would trump any of Apple’s acquisitions to date.

Price targets from some analysts are ranging from $600 to over $750/share when all is said and done. We’re not in the game of speculating that far ahead, but given the current conditions of the chart, if AAPL can break its previous swing high of $604.40, we could be in for another major run.

Some of our longer-term readers might recall latter half of last year, when we achieved possible percentage gains numbering in the thousands trading AAPL options as the stock trended up for several months culminating in December.

As with any rumor, we always need to consider the possibility that one or both parties will back away, but assuming it does go through, it could be one of the top stories in finance for many months to come. The deal would make Dr. Dre the world’s first hip-hop billionaire, and would conceivably outfit many if not all future Apple devices with one of the more popular names in audio.  This is definitely a storyline that we feel is worth following, so stay tuned.

_________

Pernix Therapeutics Holdings, Inc. PTX

We’ve got PTX on watch today after a morning PR (PERNIX Signs Agreement to Acquire TREXIMET® Tablets for Migraine From GSK) has caused the stock to gap up over 40% in morning trading to its highest levels since March.

In situations like these, we often see a couple of things; after the upward momentum has died out the stock could be a target for shorters. Profit-takers can also contribute to a reversal, which always has the possibility of allowing us to take advantage of dip-and-rip opportunities.

______

Arotech Corp. ARTX

ARTX is another gapper, continues to rise in pre-market trading today on the strength of increased earnings outlined in a post-market PR yesterday.

The situation remains the same as previously mentioned; we like to monitor these types of plays, because sniping gains from stocks in this situation has become our bread-and-butter. No volatile run can sustain itself indefinitely, always leading to a subsequent course correction, and we like to lay in wait for the perfect time to pounce.

________

Extended Watchlist:

UCEI, TSPT, LSG, PBR

CLNO, BRD, LSG & Extended Watchlist

Yesterday, despite an overall drop in all major US markets, we still managed to bring our readers a chance to get ahead. That’s right, amid the most down day that stocks have seen so far this year, 4 out of 5 of yesterday’s mentions closed in the green, while three of those provided us with opportunities to profit.

Cleantech Transit, Inc. CLNO

CLNO continues to yield gains, session after session. Yesterday, after opening up at .133, the stock managed to run as high as .165 ( a gain of 24% intraday), before settling back slightly to close at .16.

Lakeshore Gold Corp. LSG
&
Brigus Gold Corp. BRD

These two gold plays appeared on yesterday morning extended watchlist after coming off of recent lows, and each went on to produce some modest yet solid gains for the day.

LSG traded in a range from .20-.25, good for an intraday gain of 25%

BRD traded as low as .455, and touched a subsequent high of .503, for a gain of up to 11%

OPTIONS-TRADING NOTES:
The SPY’s LOD yesterday 155.73, and the HOD was 158.43. We are looking for that to push even higher today, on the heels of numbers released yesterday concerning US durable goods orders having increased 3.6 percent in the month of May. We’d like to see the SPY continue to make higher lows and higher highs. For the remainder of the week, so long as trends continue in their current direction, we are looking at in-the-money calls with strike prices in between $156-158.

As the market goes, so goes Apple. AAPL saw a low of 398.05 yesterday. In the event that we continue to see overall upward trending, we are looking at the $400 & 405 Calls.

Extended Watchlist:
SEGI, HEMP, MJNA, MWIP, OPTT, CBMX,