Tag: NOK

Blue Horseshoe Stocks: DRYS Recap & Much More

Dry Ships, Inc. DRYS

Yesterday we noticed that DRYS, a stock that has been in heavy decline since early this spring, had strung together a couple of decent sessions last week, so we tagged it for observation in our watchlist.

It was a good thing that we pointed it out when we did, because the move it made yesterday made the previous sessions’ activity seem like small potatoes by comparison. The Greek shipper made one of the largest single session leaps in its history, and we were right there waiting to take advantage.

From an early low of 13.60, the stock ran as high as 42.86 affording traders the chance to bank profits of up to 215% on the day. For a $10+ stock, that’s an absolutely incredible single-session move, and it came on well over two times the 3-month average volume. DRYS is now at its highest PPS since June, so congratulations to anyone who tagged along for the epic ride!

The stock is gapping up past the $50 mark in the premarket, so we could stand to see even further increases from this juncture.
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Added Note:  We’re seeing ripple effects throughout the shipping sector, which is as hot as we can ever remember it being. As a result, we’ll place a couple other related plays on watch as well with SALT and TOPS.

Nokia Corp. NOK

We’ve had plenty of experience with NOK in the past, although we haven’t talked about it since May. We;re swinging back around this morning as we’ve noticed the establishment of a new 3-year lows on the stock.

We want to place the stock on bottom-watch at the present time as the chart is beginning to crack into heavily oversold territory, with the addition of a bullish MACD cross which just occurred. As you can see below, the histogram is also set to flip to the upside.

There’s potential for a good play on the stock itself, but of course, we’d also like to highlight a range of extended-term options ideas to use to our advantage if the eventual recovery plays out as we suspect it might. Our targets for the time being are going to be the NOK 01/20 $4 and $5 Calls.

Five Star Quality Care, Inc. FVE

We have an interesting scenario unfolding with FVE that we’d like to point out as well. On Friday, a Form-4 was filed on behalf of an FVE insider outlining the purchase of just under $54M worth of common stock executed at 3.00 (>>View Filing). The interesting thing is, the PPS on FVE was in the mid-$2 range at the time, where it still remains.

Such a vote of confidence by someone with inside knowledge of the company’s inner workings and future, is more than enough to sound the alarms for us. We’re going to immediately place FVE on watch and begin monitoring the stock for a reversal.

Added Reminder: Cannabis stocks are continuing to come back after a period of consolidation, after several new states voted put either recreational or medical marijuana on the books. Despite having many other things to focus on in the current markets, we don’t want to let marijuana plays slip off of our radar for even a moment, as the next big leg up could be just around the corner.

Extended Watchlist:
AHCP, BLTA, SPCL, IMMA, BTGI, EGLE,

Blue Horseshoe Stocks: HZNP Options Update & More

Horizon Pharma plc  HZNP

Our first idea of the week in yesterday’s premarket report, which was to track the HZNP Weekly $14 and 15 Calls, ended up paying instant dividends. HZNP was coming off of its earnings call as well as highlighting a new 5M share repurchase program.

Both of our targeted sets of contracts experienced significant intraday swing action which traders could have utilized for solid single-session gains. The $14 Calls ran impressively from a low of .88 to a subsequent high of 2.15, for a 144% rip. The $15’s put up a pleasing performance of similar magnitude, trading in a range from .60-1.33, for total possible profits of up to 122%

We identified 16.15 as an indicating point, the breaching of which would signal us to roll up our strike price to $16. That still remains true as we continue along through the week.

Aperture Health, Inc. APRE – Update

We want to provide an update this morning on the recent progress of APRE, which our regular readers will recollect was a point of focus for us beginning a couple of weeks ago. We’ve tracked it over several swings, commenting on the stock’s ability to make volatile moves to the upside. It continues to demonstrate this ability over recent sessions, wherein we’ve observed quite a rush of momentum.

From last Wednesday’s bounce-point of .0188, we’ve now seen a swing of 165% as of yesterday’s new high of .0499 and the stock recorded its highest volume since November. Presently, indicators on the chart seem to be ripe and ready for the possibility of even higher highs. The next key areas of resistance following a nickel are sitting at .08 and .115.


You may also view the highlights of the chart on the following video presentation:

Extended Watchlist:
CCTL, ISLT, ALXA, NOK, CCXI

Blue Horseshoe Stocks: AUMN, MEET & Options Calls

MeetMe, Inc. MEET
&
Golden Minerals Corp. AUMN

Both MEET and AUMN were winners off of yesterday’s extended watchlist, with each stock making nice intraday runs that traders could have used to their advantage.

AUMN’s move was the larger of the two, with the stock trading up from its early morning low of .72, and reaching as high as 1.00 before lunchtime. That made gains of up to 39% possible for anyone riding the wave.

We may want to keep AUMN on our radars for a longer period of time, as the PR which catalyzed yesterday’s move up contains some intriguing information. We’re going to be interested to follow along with that storyline. We suggest you read the full text of the announcement by clicking the link in the except below.

GOLDEN, Colo., Jun 18, 2014 (Canada NewsWire via COMTEX) — Golden Minerals Company (“Golden Minerals” or the “Company”) (NYSE MKT: AUMN) (TSX: AUM) today announced plans for a July 2014 restart of mining at its Velardena Properties located in Durango state, Mexico. Once mining and processing are ramped up to approximately 285 tonnes per day (tpd) of sulfide ore in mid-2015, the Company expects output of approximately 1.0 to 1.2 million silver equivalent ounces per annum (including silver and gold but excluding lead and zinc), with cash costs between $12 and $15 per silver ounce net of by-product credits. >> FULL PR

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MEET’s intraday run was a bit more modest coming in at 19% as the stock ran from 2.06-2.45, but the opportunity was still present. The spike came on high volume, and the stock held the majority of those gains into the close, so we may want to keep tracking this one as well.

Tracking Our Options Calls

We’ve had so much success with options this week, that the chances are too many to list! As of yesterday premarket, our total possible percentage gains had already pushed well into the thousands, and that figure only increased throughout the session. Each of the three primary chains we’ve been playing this week executed classic dip-and-rip scenarios, and virtually every set of Calls we’ve been watching made sizable moves.

Petroleo Brasiliero S.A. (Petrobras) PBR

3D Systems, Inc. DDD

GW Pharmaceuticals, Inc. GWPH

From the One Week charts below, you can see just how significant the swings have been in the Calls on each of these plays.

We want to continue monitoring these charts regardless of which way they appear to trend, as every pullback we’ve seen thus far has provided us with chance to play the dip-and-rip. With the Fed’s stance on tapering and not raising interest rates anytime soon, it could continue to feed what has been an absolutely historic bull market.

Extended Watchlist:
NOK, APP, STEM, BLDP, BIND, ALDX,