Tag: ONCY

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)

SAEE, AZC, GOGO & Extended Watchlist

7 Star Entertainment, Inc.  SAEE

SAEE traded sideways yesterday, however we did see a significant amount of volume flow through the stock, to the tune of more than twice the three-month average.

The fact that SAEE didn’t lose any value, and maintained support above a penny is an encouraging sign. We are still on the lookout for further activity on this stock, because as we pointed out yesterday, the chart still looks favorable. A departure from the current holding pattern could certainly lead us to substantial realized gains.

As you can see on the chart below, SAEE is holding support above the 10 and 20DMA’s, and accumulation/distribution is as high as it’s ever been.  We also have an RSI that is registering just below the 50-line, so we’ll be watching for a breach there as well. A PPS break of resistance at .013-.014 could get it there.

All in all, we are still fairly confident in SAEE’s ability to make positive stride from its current level.

Augusta Resources Corp.  AZC

AZC hit our scanners this morning as a potential recovery play. Yesterday the stock tumbled more than 60% from its open just above 1.60, all the way down to the low .60’s. It appears as if we could witness a bounce off of that bottom today as the stock course-corrects following that sell-off.

The huge dip was catalyzed by the announcement that the US Environmental Protection Agency recommended the company’s application for a federal water permit be denied. That effectively puts the company’s plans to build out a copper mining facility on the scrap heap.

Still, whenever we see rapid losses of this magnitude, our thoughts always turn to reaping potential rewards off of the subsequent bounce.

GOGO, Inc. GOGO

We first began talking about GOGO on September 16th, after which time we witnessed an epic run from 14.79-31.55. Last week brought a consolidation and the stock reached a low of 24.24 earlier this week, where it found support just off of the 10DMA. Now that GOGO is headed back up, we will look for it to retest its recent highs.

Options Trading Idea:
On the options side of things, we are looking at GOGO’s 01/18 $30 Calls. They closed at 2.16 yesterday. Hypothetically, should GOGO break out to new highs by January, reaching 35.00, these Calls could be valued at upwards of $5.00 or better.

Extended Watchlist:
OXBT, CRNT, CBMX, ONCY,

AAPL, DRHC & Extended Watchlist

Dethrone Royalty Holdings, Inc. DRHC

Our bottom-bounce call of DRHC yesterday was spot-on. The stock pulled back to .0065 before running as high as .0094. In the video chart that we published along with our alert, we stated that we were simply looking for a quick 30-50% move out of DRHC, and that’s exactly what we got.

We like the activity we are seeing from this bottom play and will continue to monitor for subsequent bounces, provided the stock holds above yesterday’s support level of .0065.

Apple, Inc. AAPL

We sincerely hope our recent coverage of Apple calls hasn’t fallen upon deaf ears. We started with the $415 & $420 Calls last Monday, and kept raising our strike price as time progressed and Apple traded higher. On Wednesday, we had lifted it up to the $445’s, $450’s, and were even looking as high as the $455 Calls. The $455′s were as cheap as 2.30 on Friday, and hit a high of 9.80 yesterday, a possible gain of 326%, and that upward trend should continue.

This morning, Apple is trading up pre-market, causing us to once again raise our strike price into the $465 and $470 Calls. That being said, Apple has been on an absolute tear since its last earnings release, steamrolling upward for the past couple of weeks, thus we want to stay on our toes so that we won’t be caught off guard by a reversal. The next key resistance points are likely to be at $469.95, and $484.94. Should it break those levels, there is a gap to fill up to $504.77, as we point out on the chart below.

Extended Watchlist:
MWIP, ARNA, NLS, USU, ONCY, IBIO,

AAPL, MWIP & Extended Watchlist

Apple, Inc. AAPL

AAPL has always been a passing focus of ours. We were able to take advantage of this tech giant several times last year, especially with regard to options trading. Yesterday the stock saw a move off of its low of 454.12 to close at 468.22. Any time you are able to see a 1-3% move on Apple, you can be rewarded with gains into the triple-digits out of the options. For those unfamiliar with this aspect of trading, downtrend signals a play for the Puts, and of course the opposite trend requires purchase of Call contracts.

AAPL is trading up over 470.00 pre-market this morning, so it looks like we are in an uptrend with key resistance at the 20DMA of 474.83. A break past that area would mean big profits on the Call side of things.  We will be looking at both puts and calls with a strike price close to the money today, most likely at 470.00, and 475.00.

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MediSwipe, Inc. MWIP

We called a pullback on our marijuana stocks in the middle of the week. Yesterday signaled the end of the consolidation period for many of those stocks, as MJNA, HEMP, ERBB, all began to bounce back.

MWIP on the other hand, has seen three days of gains in a row, and yesterday the stock touched a new high. We have a favorable chart pattern here; the RSI is in the power zone, with the Slow STO having just crossed, and the PPO gearing up for a cross itself.

BARCHART.COM is currently giving MWIP a “100% Buy” Rating

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Extended Watchlist:
LWSP, ONCY, TZYM, ZNGA, PEIX, AEZS,

APDN, MWIP, ONCY & Extended Watchlist

APDN had an impressive day for the second consecutive session. The stock ran up until it hit a patch of resistance at.295, right where we asserted it would come. When added to Wednesday’s gains, APDN’s performance yesterday brought our total cumulative profits to a possible 44%

The stock has maintained its strength on the chart, as we’ve seen higher highs and higher lows on rather impressive share volume, and nearly $5M in dollar volume.

The next key level that we’d like to see broken through is .2965. As we said yesterday, a break past that level could send us into Blue Sky Breakout mode.

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MWIP was added to our extended watchlist yesterday after we observed the momentum it exhibited earlier in the week.

We are no stranger to MWIP, we began following this play back on October 16th when we put out our first medical marijuana roundup report. The stock was trading as low as .0031 at the time, subsequently surging to .005 before it dipped to find support between .0024-.0029.

Yesterday the stock was as low as .0055 and ran as high as .0076, an intraday gain of 38%

The buzz surrounding medical marijuana stocks doesn’t figure to slow down anytime soon, and this play could be headed to pennyland in the near future. The next patch of resistance from here appears to come at .0125. We’d like to see the previous resistance from .0066-.007 hold as support.

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Oncolytics Biotech Inc. ONCY

ONCY was another new addition to our extended watchlist yesterday, had a heck of a day, opening at .2.70, and running as high as 3.85 before closing out the day at 3.03 (+43%).

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Two days in a row, our selections have provided us with a couple of nice opportunities for profit. As we were saying yesterday morning, you really can’t find the kind of variety of successful plays anywhere else, that we provide here on a consistent basis. Here’s wishing everyone a safe and fun weekend, best of luck to all and happy trading.

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Extended Watchlist:
AZFL, FCEL, ALXA, GSV, SZYM, SRGE,

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