Blue Horseshoe Stocks: BLDV Recap & More

Blue Diamond Ventures, Inc. BLDV

After being discussed in our daily live trader’s chat on Thursday, BLDV went on a run from .0005-.0017, as we were mentioning in Friday’s morning report.

With another solid session to follow, BLDV became the second multi-day cannabis-related runner yielded by our chatroom in as many weeks (INMG being the other). The stock traded in a healthy range from .0016 to .0029, for an 81% intraday pop, which came with a massive surge in volume in the neighborhood of 9X the monthly average.

Those who did happen to catch the low following the chatroom alert on Thursday would have had the chance at carving out a large slice of a two-day swing that amounted to a whopping 480% That’s precisely why we’ve been routinely encouraging readers of our daily reports to get involved with our daily live chats.

The chats are open to any of our subscribers who wish to participate (or merely observe) and are conducted exclusively via Skype. Send a contact request to username ‘stocksumo‘ and get involved today! 


NanoSensors, Inc. NNSR

An honorable mention from Friday’s report was NNSR, which we had tagged in our extended watchlist. The stock made an appreciable intraday move from a low of .00695 to a high of a penny. That was good for a 44% pop, although the stock failed to maintain at least half of its gains into the close.

Still, we’ll continue to monitor this play as we kick off a new trading week, as it has the type of volatility that could easily facilitate another bullish push.


NoHo, Inc. DRNK

Continuing along, with the recent trend of super-subpenny movers, we’re taking a flier on DRNK which was showing an increase in volume last week on the heels of key announcement to hit press wires.

The pickup in activity seems to have been tied primarily to the announcement of a national sales and distribution agreement with BNG Enterprises, Inc. out of Tempe, Arizona (www.bngprodx.com). The agreement provides BNG the exclusive rights to sell the NOHO 2oz Shot throughout its nationwide retail stores as well as online sales through Amazon®. (>>View Full PR)

Assuming that this super-subpenny will break into the subpenny range or higher like some of the similarly-priced stocks we’ve been tracking in recent weeks would be only speculation at this point. But we’ve seen enough triple-zero plays break out in such a short period, that we’ll definitely want to keep a close eye out for more opportunities like that, and DNRK could easily be the next one to go for a big ride.


International Business Machines Corp. IBM

We took notice of the IBM chart this morning, and would like to signal a set of extended-term options contracts for observation based on our perception of the stock. From a purely technical standpoint, IBM looks like it could have slighlty further to fall before making a convincing reversal, but indicators also suggest the stock is heavily oversold, so that change could happen at any time.

The stock showed a slight inclination to come up off of its lows last week, and there is also a pretty sizable gap to the upside to roughly the $170 area. We’re going to place the IBM 06/16 $165 Calls on watch as a result, and if IBM can make a move to return to $170 by the expiration date, these contracts could be in line for a double or even triple-bag move.


Extended Watchlist:
SPCL, OWCP, BCR, RGSE, HAS, PTX, SNGX,

Blue Horseshoe Stocks: Chatroom Call, SPU Update & More

Another Great Chatroom Call

We’ve been advocating for our daily live trader’s chats pretty heavily lately, and this morning we’ve got yet another example of why. We compile and publish our daily reports every morning between 15-30 minutes prior to the opening bell. We still manage to find great opportunities in the premarket, but sometimes the real movers don’t reveal themselves until regular trading commences. That’s where the chatroom comes in, giving us and our participants the chance to ID solid plays on the fly.

BLDV was one such play, which, subsequent to our chatter’s mention, went on a run from .0005-.0017 for a fantastic intraday rip of 240%

Our chats are open to any of our subscribers who wish to participate, or merely observe, and are conducted exclusively via Skype. Send a contact request to username ‘stocksumo‘ and get involved today! 


SkyPeople Fruit Juice, Inc. SPU

We signaled SPU on Monday morning after noticing that it was searching for a bottom. We were mentioning as much in yesterday’s report , along with the fact that our bottom call had been sharp, after the stock bounced off of the 2.30 mark and began to climb 45% to 3.3299.

We also noted that SPU still had a monster gap on the chart to the upside, and for the second straight session the stock hit a new high. It traded in a range from 2.72 to 4.33, which goes down as an intraday move of 59%  From the previous day’s low, it marked a two-session upswing of 88% which occurred on 21X the monthly average volume.

SPU has already been a great bottom bounce call for us, but with the kind of momentum that’s currently present, we’ll continue to watch for it to register higher highs, and higher lows over coming sessions.


Extended Watchlist:
JASN, PFIN, BVTK, NNSR, NMM, SPCL, ASPS, NURO, SPHS

Blue Horseshoe Stocks: Options Update, GALT Recap & More

Whole Foods Market, Inc. WFM – Options Update

We just wanted to circle back for our WFM options idea that we submitted last week. We designated contracts with a 02/17 expiration instead of weeklies to give our idea time to develop and it ended up being a good call. Our targets were the WFM 02/17 $30 and 30.50 Calls.

Yesterday WFM had a morning pullback which was followed by a nice reversal, and the stock ended up bulling its way into the close near its high of day. The calls we signaled last week had a significant move as a result. The $30 Calls ran from .14-.52 (+271%), while the $30.50’s exploded from .05-.21 (+320%). We are going to want to keep them on our radar for the rest of the week into expiration.

Key resistance is at the 200DMA and 50DMA of 30.38 and 30.76, respectively. If WFM can crack the latter, we may look to roll our strike price up and push out another week to contracts expiring next Friday- particularly, the WFM 02/24 $31 Calls.



Galectin Therapeutics, Inc. GALT

We’ve now witnessed quite a run from GALT over the past few weeks, validating our previous reports on the stock wherein we contested that a serious run-up appeared likely.

It began with our report on 01/12, in which we noted GALT’s ripening chart, and surmised that forthcoming gains of 100% were not out of the question. We observed a low of .935 subsequent to that followed by a nice 38% push to 1.29 leading into our most recent report on GALT last Friday.

In that report we had this to say “We feel these gains are sustainable if GALT can manage to crack past the current 200DMA at 1.32. As you can see on the included snapshot, the chart continues to bear the look of potential for even further increases“.

Yesterday GALT met those expectations nicely with a run to a new high of 1.85, which marks an overall increase from our observed low of 98%, falling just a hair shy of our initial speculations. Yet, our prediction seems to be coming full circle this morning as the stock is gearing up to fill its gap on the chart that we pointed out in our initial report. One more bullish push will get us into double-bagger territory for this idea, and the stock may well make a run well into the 2.00-range.


Green EnviroTech Holdings Corp. GETH – Recap

We were quite pleased with the performance of GETH following our featured report yesterday morning, as the stock provided traders with a pair of solid intraday swings amid an onslaught of volume.

Right from the opening bell, GETH shot up from .165 to the high of day at .235, marking an initial rip of 42% The stock subsequently pulled back to a daily low at .1514, before surging up once more to .215, matching the morning’s 42% gain exactly.

All of this useful volatility was accompanied by massive volume on the order of 39X the monthly average, or 19X the 3-month average. It represented an all-time record high for shares of GETH traded in a single session!

Yesterday we had identified .15 as the key support level that needed to hold in order to make GETH interesting, and our sentiments in that regard haven’t changed.


Extended Watchlist:
ONOV, GAHC, NNSR, BG, WIX, GRPN, EVOK,