Tag: MACK

Blue Horseshoe Stocks: GBGM & Fresh News Plays

Global Gaming Network, Inc. GBGM

After undergoing consolidation in recent sessions, GBGM has made its way down to find support at .0012, where it has begun to bounce.

This is a stock that was trading over half a penny as recently as late March, so we’ll want to stay open to the possibility that a bounceback from these low levels could produce notable gains.

The RSI is currently looking extremely oversold, while accumulation and distribution is on a steady upswing, so we believe that monitoring this play for a possible recovery could yield results in upcoming sessions.

Today, following the stock’s first green candle in six trading days, we’ll be on the lookout for GBGM to make higher lows and higher highs, which would confirm that it has begun to trend off of its bottom.

Fresh News Plays

The following stocks have news out this morning, that we felt was worthy of passing along:

Merrimack Pharmceuticals, Inc. MACK

We’ve highlighted MACK in the past, and were pleased to see that company has come out with news today outlining the positive clinical progress of its pancreatic cancer treatment trials, as well as releasing its Q1 financials, and filing an 8-K. We’ll provide links to all of these developments here:

Fuelstream, Inc. FLST

In addition to this morning’s news, FLST boasts a tight share structure (updated recently), and is currently trading near a bottom on on the chart. A turnaround from here could get really interesting, so we’ll be anxious to see how this play responds in coming sessions.

SUNRISE, FL–(Marketwired – May 1, 2014) – Fuelstream, Inc. (OTCQB: FLST) (“Fuelstream” or the “Company”), a international reseller of Aviation Jet fuel, is pleased to announce the official launch of a new website that will allow clients to access fuel pricing and other information on a real-time basis. >>> FULL PR

Extended Watchlist:
GLUU, RAD, S, JBLU, LIVE, ADXS

ENIP, OLIE & Extended Watchlist

Endeavor IP, Inc.  ENIP

ENIP comes to us this morning as a stock that has been enjoying a nice run of momentum over the past few sessions, which set off our abnormal activity scanner yesterday. The stock traded up on just over 5.5x its 3mo. average volume.

Indicators on the chart seem to point to the possibility of a continued uptrend. As you can see, the RSI is rising sharply as it is just about to break through the 50-line, and there is an impending MACD cross that appears inevitable.

We’d like to see .65 hold as support to remain interested in ENIP, and the main area of resistance currently sits at the 50DMA of .84.

Olie, Inc. OLIE

OLIE is another runner that caught our eye yesterday, as it traded 12x its 3mo. average volume in the process of trading in a massive daily range from from its low of .0029, to the subsequent high at .0144. An intraday move of 397%

This monstrous run was no doubt sparked by yesterday announcement that the company had completed the assignment of a 10-year, $20M Medium Term Note(Click for Definition),  and they’ve released another PR this morning regarding the signing of a $250K business services contract with Laredo Resources Corp (LRDR). With all of the activity going on with OLIE, we’ll definitely want to keep an eye on it as we cruise through mid-week.

High flyers like this one, generally tend to pull back and provide significant bounce opportunities, which is also something we will be watching out for.

VANCOUVER, British Columbia, Dec 18, 2013 (GLOBE NEWSWIRE via COMTEX) — Olie Inc. (OTCQB:OLIE) (Olie) President, Robert Gardner, is pleased to announce that Olie has received a contract of $250,000 in Convertible Preferred Securities from Laredo Resources Corp. Laredo Resources Corp is trading on the OTCQB Markets under the symbol (OTCQB:LRDR). The agreement with Laredo Resources Corporation is for one year and is specifically to help Laredo Resources Corp become an Exchange Listed Company on the NYSE Alter Next.

Extended Watchlist:
SYNM, ICLD, MACK, BCRX, BGMD, EONC, NRZ

Blue Horseshoe: The Week in Review

For as long as we can remember following the Penny Stock Rumble, we can’t recall a time when a newsletter took the top spot on 3 out of 4 days, but with yesterday’s session, we did in fact reach that difficult achievement! We were anticipating our first ever hat-trick, and we were not disappointed. The following video outlines some of this week’s biggest successes:

Tiger Oil & Energy, Inc. TGRO

We started off Monday with TGRO, which traded as low as .36, and hit .635 on Tuesday for a 76% gain. It would then dip back to .38 before reversing again and surging as high as .62 yesterday for up to 63% on the rebound.

That brought this week’s cumulative gains from TGRO to a total of 139%.

BG Medicine, Inc. BGMD

Next came BGMD, which we spotted on Tuesday trading as low as .6115. We would witness this play running to a high of 1.70 by Wednesday, giving us the opportunity at 178% in possible gains.

CytRx Corp. CYTR

Last but not least, was Wednesday’s alert of CYTR, which looks like it could sprout legs again today. CYTR was as low as 3.45 at the time of our initial alert, and hit a high of 6.36 yesterday, racking in 84% in gains!

This morning, CYTR is gapping up once again, trading in the 6.55 range; if the breakout continues, consider it another triple-digit winner for us.

This was the play that gave us our third winning appearance on the Rumble:

Coronado BioSciences, Inc. CNDO

CNDO jumped out at us as a stock with a serious gap to fill on the chart. As you can see below, back in October the stock fell off a cliff from the $6-8 range all the way down to present levels.

This is a potential play that we’ll want to monitor closely moving forward, because a break of the 50DMA could very well lead to the filling of at least a portion of that gap, a move which would carry with it some significant gains.

With calls like these this week, we’ve made other newsletters obsolete! Nowhere else can you find both diversification into many areas of finance(from microcaps, to big-boards, to options-trading & more), and winning picks on such a consistent basis. Why would you go anywhere else? The word ‘quit’ is not in our vocabulary, which is why we’ll come back time and time again, providing our readers with the highest-quality picks available! We’re wrapping up another hugely successful week, so be sure to get back with us on Monday when we’ll do it all over again!

Extended Watchlist:
SFBR, PLUG, MACK, CLSN, ICLD, PVG, PTIX, ETAK