Tag: NEWL

Blue Horseshoe Stocks: Bottom Play Friday

NewLead, Ltd. NEWL

We’ve been tracking NEWL for a long time, waiting for the stock to find support and bounce up off of a bottom, and that appears to have happened now. Since the last time we touched base with this play on April 17th, it had consolidated all the way down from the .20’s to less than a nickel.

Yesterday we saw a surge back into the six cent range, so we want to make note of this stock again today, monitor for higher lows and higher highs, and try to take advantage if NEWL continues to rebound.

Prima BioMed, Ltd. PBMD

Here’s another stock that has been trading at a relative bottom, that just put out FDA fast-track news this morning. PBMD is gapping up into the 1.20’s this morning after its big announcement, so this presents us with an interesting and familiar scenario.

Due to the nature of the fresh PR, and the fact that a large gap-up appears imminent, we’re going to have this play on close watch for a dip-and-rip. For our new readers, this is when a significant event drives a stock to gap up, and the resultant profit-taking drives the price back down. It’s there that we attempt to time the bottom and score quick-strike profits on the bounce. Over the years, this has become one of our favorite methods of obtaining rapid in-and-out gains.

SYDNEY, AUSTRALIA–(Marketwired – May 9, 2014) – Prima BioMed Ltd (ASX: PRR) (NASDAQ: PBMD) (“Prima”) is pleased to announce today that the United States Food and Drug Administration (“FDA”) granted Fast Track Designation to the CVac clinical development program at Prima. This program is intended to improve overall survival in patients with relapsed platinum-sensitive epithelial ovarian cancer who enter a second complete remission. Prima will work closely with the FDA in accelerating its development program for CVac to potentially bring this treatment option to patients in the U.S. >>> FULL PR

OBJ Enterprises, Inc. OBJE

OBJE hit our news scanner this morning, and it caused us to take notice of the chart. The stock has been in a continuous downtrend since early this year, so we’re going to go ahead and put this on bottom-watch.

It’s already trading at its annual lows, we’ll just be monitoring for when it does reach an eventual base, where we’ll be waiting to scoop up cheap shares and play the recovery.

HOUSTON–(BUSINESS WIRE)–OBJ Enterprises, Inc. (OBJE) and partner My Go Games LLC (GO) are proud to announce how its growing portfolio of brands will serve as a catalyst and delivery portal as we prepare for multiple game releases in 2014.

My Go Games and OBJE plan to combine strategies that leverage product placement and established brand networks that utilize social, mobile and online platforms to deliver revenue generating games and product sales channels to a booming marketplace. >>> FULL PR

Side Note:

PBR earnings are slated for release today, which could lead to significant volatility. We’ll still be monitoring the same Calls we’ve tracked all week, while staying ready to switch up our strategy should the need arise, dictated by the nature of the figures.

Extended Watchlist:
PLUG, HNSN, PLCC, UEPS

Blue Horseshoe Stocks: Updates on ACGX & Others, Bottom-Bounce Watchlist

Alliance Creative Group, Inc. ACGX

Our first order of business as we wrap up this short trading week is to congratulate everyone who caught our special alert of ACGX yesterday! An enormous pat on the back is due for folks who caught it at its daily low of .0055, because it wasn’t long before it embarked on a huge run that lasted all day, as the stock took on a life of its own.

Not only did ACGX very nearly crack into the top ten on the OTC Markets most-traded list (11th Most Active), but it surged into Pennyland, breaking out to a high of .0105 on the day; that was good for an intraday move of 91%

Adding to the excitement was the fact that this occurred on well over 5x the 3-month average volume. In fact, it was the second-highest trading volume in the history of the stock, so we are calling our coverage of this play yesterday a rousing success.

It’s easy to get lost in the short-term brilliance of this stock, but remember, we’re interested in ACGX on a longer-term basis as well. If you didn’t catch yesterday’s report, and missed out on the big gains, we don’t think it will be your last chance. This is a steady-growth, revenue producing outfit that we feel has an extremely bright future. If you didn’t read yesterday’s ACGX Report, please do so now; it will be a good place to start your due diligence on this gem.

That being said, The near-term fireworks may not yet be over. The amount of momentum flowing through ACGX yesterday was awe-inspiring, and the stock held the majority of its stellar gain overnight. Caution should be exercised in situations like these, but an accurate play on the trends from this point forward could still make for notable profit-taking opportunities.

Rest assured that we will keep everyone abreast of further happenings with ACGX, and again, cheers to anyone who was already able to pad their pockets by way of our perfectly-timed alert!

It also enabled us to claim the top spot on yesterday’s Penny Stock Rumble:

ACGX is still receiving an 100% Overall “Buy Rating” over at BARCHART.COM

More Info:
www.alliancecreativegroup.com

With ACGX requiring our undivided attention yesterday, we were unable to include updates for our members on the impressive performances of some of our other recent interests, so let’s look at those now:

Wave Systems Corp. WAVX

Appearing as a feature in Tuesday’s report, WAVX really made waves as it came out of the gate, touching 1.18 in the early morning, before taking off on a run that would propel the stock as high as 1.97.

Total gains of up to 67% were possible with WAVX in what was an extremely liquid session; WAVX traded 22.48M shares on the day Tuesday, an all-time record.

AV1 Group, Inc. AVOP

Tracking back just a bit further, we find AVOP, which last appeared in Friday’s newsletter. We were patting ourselves on the back for calling attention to the stock the previous Tuesday, which had allowed us to see a 200% run from .0006 to .0018.

AVOP would come down to find support in the .001-.0013 range, where it traded in a tight channel leading up to yesterday’s session. Another run ensued, and we saw a new high of .0023. That means we saw an overall move of 283% from AVOP in just over a week! Gains of up to 91% were possible during yesterday’s session alone; we salute anyone who was able to take advantage!

When we brought this pot play to the table last week, it was in the midst of a general pullback throughout the cannabis sector. AVOP did buck the trend, although we are seeing a bounceback for many of the other marijuana-related stocks that we’ve been tracking.

A big development in the sector came a few days back, when Walmart announced that it would begin selling marijuana in Colorado (and Washington, when legal sales begin there this summer). Review the article here.

Bottom-Bouncing Extended Watchlist:
KNDI, NOW, NEWL, BWP, CRCM

Blue Horseshoe Stocks: PBR Update, New Bottom-Plays

Petroleo Brasiliero S.A. (Petrobras) PBR
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Our regular readers are already extremely familiar with PBR, as it has been a topic of heavy discussion since first introducing it on Mar. 21st.  At the time, the stock was just coming off of its all-time low (03/17 @ 10.20), and following our initial mention, was trading at 11.25.

The chart we included in that report showed the gap that is currently being filled, now that the stock has broken into the 14.40’s in premarket trading. That leaves a clear path for this stock to break over $15 as it continues to fill the gap.

We were particularly interested in the May $12 Calls from the very start, which were at .31 at the time, and are now approaching 3.00 just as we suggested they might.

The $13 and $13.50 weekly calls we liked for short-term opportunities yesterday morning have done well too, with the $13’s trading in a range from 80-1.40 (+75%) and the $13.50’s spanned from .33-.90, gaining as much as 173%  We also have been alerting the June $14 calls which are up over 150% since we first introduced them to our readers in the .40 range. They reached 1.08 yesterday.

Given the current conditions, we may be looking at rolling our strike price up to the $14.50 Calls for further short-term opportunities.

All in all, PBR has behaved very predictably in its recovery thus far, providing us with chances to profit at every turn. Even where the stock is concerned, a position taken at our observed low of 11.25 on March 21st, is worth roughly 25-30% more at this morning’s premarket highs in the 14.40’s, and we expect that figure to grow.

More Potential Bottom-Plays

PBR has certainly shown us the value of a good bottom-play, and we have a couple of other candidates that fit that bill to add to the radar today:

NewLead Holdings Ltd. NEWL

As you can see from the following snapshot of the NEWL chart, this stock has been on a fairly steady decline since early this year. As it is gapping up in premarket trading this morning, there is a chance that the bounce could be taking place right here, so we’ll want to watch carefully. At present, NEWL is heavily oversold.

Formcap Corp. FRMC

FRMC is coming off of its own recent lows, and has made higher lows over the past three sessions. While it is not gapping up early on today like NEWL, we’ll still want to keep an eye peeled, as a return to recent levels for this play would mean significant gains from here.

Extended Watchlist:
PLUG, FCEL, ONCY, LMNS, ARTX, AVOP (Marijuana News)