PCLN Archives - Page 2 of 2 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: New Play, Updates & Extended Watchlist

Solar Wind Energy Tower, Inc. SWET

We’ve got a new item of interest in the penny arena to start things off this morning. Following a major run back in April, SWET has consolidated, and has been generally trading sideways ever since. We like the look of the chart, and feel that conditions are coming to a point where things could get interesting.

As you can see on the chart below, the RSI has held in there above the 50-line, there’s been a recent Golden Cross of the 50DMA over the 200DMA, and the MACD appears ready to start turning to the bullish side. It may not be too long before we see a pop out of this thing, so we’ll keep an eye peeled for that.

We also got word this morning that the company will be presenting at a prestigious investment banking conference at the beginning of next week:

ANNAPOLIS, MD, Jun 13, 2014 (Marketwired via COMTEX) — Solar Wind Energy Tower, Inc. (OTCQB: SWET) (the “Company”), the inventor of large Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive electricity, announced that management will present at the National Investment Banking Association (NIBA) Conference to be held on June 16-18, 2014 at the Roosevelt Hotel in New York, NY.The NIBA Conference will give Solar Wind Energy Tower, Inc. access to a large audience at one time. NIBA’s membership is vast and multinational, and representing over 8,800 registered reps with an estimated $78B in assets under management. >>> FULL PR

Global Gaming Network, Inc. GBGM

With the vast array of stocks that we’re tracking all the time, it isn’t too much of a surprise when one of them perks up its head and regenerates our interest. Such was the case with GBGM yesterday; the last time we made mention of this stock in our daily reports was back on May 1st. At the time, we were monitoring the play for a bottom, which took the better part of the next month to reach.

GBGM touched down and found support at .0008 recently, and yesterday the sleeping giant was finally awakened as the company announced that it had retired 50 million shares of common stock, thereby reducing the number of outstanding shares 6%. What resulted was a significant upswing that took the stock as high as .0021 and generated gains of up to 162% for anyone that caught the bottom.

Options Ideas

OpenTable, Inc. OPEN

OPEN is gapping up tremendously this morning on news that the company is to be acquired by The Priceline Group. In situations like these, we like to monitor these high-flyers for subsequent dip-and-rip scenarios. Specifically regarding the options chain, when a strong move like this is properly utilized, it can spell big gains for those playing the Call side.

When something of this magnitude occurs, it can also create a sector-wide ripple effect, so we may also want to track stocks like LIVE, YELP, GRUB, and of course, PCLN.

Extended Watchlist:
GRPN, ICLD, LOCM, CNAT

Blue Horseshoe Stocks: Bottom Bouncer & Extended Watchlist

Orofino Gold Corp. ORFG

We’ve got ORFG on our radar this morning- this stock has come off of a recent double-bottom, and looks like a potential candidate for finishing out the week on a solid note.

There are a number of things attracting us to the ORFG chart at the moment. Firstly, we can see a strengthening RSI that looks to be on the verge of cracking through the 50-line.

The MACD is also looking good, being in the midst of a bullish cross. If you take a look back to the third week in April you can see that the last time ORFG underwent a bullish MACD cross, the stock ran to nearly a nickel.

To stay interested in where this one might take us, we’ll need to see it maintain support at or above the 50DMA (.015). Resistance crops up at the recent swing high of .027, and beyond that, the 200DMA at .031. A break through that range, and things could get interesting quickly.

Extended Watchlist:
BYD, FB, DDD, PCLN, AAPL

Blue Horseshoe Stocks: GRCU, SPEX, Options & Extended Watchlist

Green Cures & Botanical Distribution Inc. GRCU

We made sure to tag this long-time favorite yesterday on its first day trading as GRCU (Formerly TTDZ), and the stock made a couple of nice swings for us.

It played out a dip and rip scenario, trading up to .039 first thing in the morning before coming back to bounce off of the ,029 -level and making a subsequent 21% move to .035. It dipped back to .029 once again before running back to .0325, tacking on an extra 12% to possible gains for the day.

Moving forward, we’d like to see GRCU hold support above yesterday’s swing-low of .029, and attempt to break through resistance at .039.

Green Cures’ product line is Green Magic, which is sold at allbotanical.com; They also have a product called Hemjoba, a phytocannabinoid (compound found in cannabis) topical pain relieving lotion.

With some key changes in management coming as well, we won’t want to let GRCU slip off of our radars in the foreseeable future.

Spherix, Inc. SPEX

After including SPEX in our Extended Watchlist yesterday, we were especially pleased with the monster session it put forth. After opening at 1.69, it traded all the way up to 3.20; a solid 89% move on huge volume. If we’ve said it once we’ve said it a hundred times. Plays like these are exactly why it’s so important to monitor our Extended Watchlist plays as intensively as those that we feature. Hidden gems like this are turning up all the time.

SPEX has already traded in a range from 3.35-4.25 in pre-market trading this morning, so we’ll be open to the possibility of a nice bounceplay wif and when eventual profit-taking begins to pull this one back. Those just showing up to this party will want to be on the lookout for that reversal, and be ready to snipe some quick gains on a possible dip-and-rip.

Options Calls Continue To Pay Dividends on Record Bull Run

All of the big-board momentum plays that we’ve been tracking options in since last week continued to yield us prime opportunities yesterday. Multiple times, we’ve reminded readers of the high potential in PCLN, FB, TSLA, GOGO, DDD, and of course, AAPL.

If people were in-sync with our line of thinking heading into yesterday’s session, it’s highly likely that they came away with some serious profit trading options calls in any of these plays.

The bullish trend in the overall market hasn’t yet exhibited any clear signs of slowing down, even as it pushes to new all-time highs.

Extended Watchlist:
IGC, CYTR, FCEL, DRWI

Blue Horseshoe Stocks: End-of-Week Updates

Update on This Week’s Options Calls

Sensing the overall trend in the markets yesterday led us to profess our interest in Options Calls on these big-board stocks. It turned out to be a good decision- it wouldn’t have mattered which options chain you went with, gains were possible with all four:

FB, GOGO, PCLN, TSLA

The biggest opportunities came with GOGO and TSLA, but we’re still looking at call contracts for all of them. Additionally, we want to add FEYE and DDD to that mix as we head into the upcoming long weekend.

We’ve also been tracking AAPL Calls intensively over the past several sessions, and the stock did in fact hit new highs in the $609’s yesterday, so we’ll keep ourselves hot on the trail of potential gains in the Apple options chain as well.

It isn’t every day that we track options calls so heavily, but when we do, it seems to work out for us more often than not.

Royale Energy, Inc. ROYL

ROYL was a particularly bright spot on yesterday’s Extended Watchlist. The stock began to run right out of the gate, rapidly appreciating from it daily low of 3.12 to a subsequent high of 4.12.

That was a solid intraday move of 32% on nearly 39x its 3-month average, perhaps largely due to the PR that hit the wires yesterday:

SAN DIEGO, May 22, 2014 (GLOBE NEWSWIRE) — Royale Energy, Inc. (ROYL), announced that Rampart Energy, Ltd and Royale Energy, Inc. are pleased to jointly issue an update to shareholders and stakeholders on the seismic received:

HIGHLIGHTS

Large conventional target up to 20,000 acres in size;
Strongly supported by Direct Hydrocarbon Indicators (‘DHI’s’);
Joint interpretation of the Big Bend Cube taking place in San Diego;
Very strong results dovetail into drilling plans with submission of key permits for approval by Alaskan regulators;
Prospective Resource assessment to be completed soon. >>FULL PR

We’ll most likely be monitoring this play for awhile, as positive results from that upcoming ‘Resource Assessment’ could drive even more interest ROYL’s way.

Extended Watchlist:
OWW, RNA, IDN, WAVX, LIQD, IVAN, ZIOP

Blue Horseshoe Stocks: Updates on IGC, MY, NEWL & Extended Watchlist

Extended Watchlist Winners:

Yesterday’s Extended Watchlist unearthed a couple of gems, so let’s start things off today by congratulating those who were able to capitalize on the ample chances to profit that these plays offered:

India Globalization Capital, Inc. (IGC)

IGC rewarded us for our attention with a bullish session that saw its low before 10am and ran into the close. From a daily low of 1.27, the stock pushed its way all the way up to 2.08, a highly respectable 64% intraday move, with a couple of vital swings in between that could have been timed for even more opportunities.

It did so on roughly 40x its 3-month average volume, giving us another clue that this could be a play with continued momentum. Even now, in early pre-market trading the stock has run as high as the 2.20’s so we’ll be on the lookout for one of two things; either the momentum carries it further, or profit-taking causes a pullback, in which case we’d be watching for a classic dip-and-rip on the rebound.

If the severity of yesterday’s swing action on the chart spills over into today, there could in fact be several intraday moves that we may be able to use to our advantage.

China Ming Yang Wind Power Group Limited (MY)

The other success from yesterday’s watchlist was MY. This play was one of the most gradual gainers you’re likely to see. Following its daily low of 2.83 it stair-stepped its way into the close at its high of day at 3.63. That was good for a solid intraday gain of 28% on more than four times the 3-month average volume.

Much like the previously mentioned play, we’ll be looking for MY to possibly continue its upward movement today after settling down from what appears to be another pre-market gap-up. In morning trading so far, the stock has pushed past yesterday’s high; if we see another dip-and-rip today it will be the third consecutive session in which one has occurred.

NewLead Holdings Ltd. NEWL

As we stated yesterday, we’ve been following NEWL for awhile now, and the recovery we’re seeing off of its recent bottom of .3867 has sprouted into a multi-day run that has been nothing short of impressive.

The stock gained even more ground following our morning report, wherein we mentioned that we wanted to see a break of the pre-market high of 4.20. We got that and more, as NEWL went on to reach 4.79 with volume 15x greater than normal.

Modest intraday gains of 26% were possible with NEWL yesterday, but the truly impressive figure is the five-session increase we’ve now witnessed from the above-mentioned low to yesterday’s high, which stood at 1138%

The stock also landed us in the Penny Stock Rumble for the day’s largest dollar-volume pick, with more than $160M worth of shares changing hands on the day.

Added Comments:

The markets as a whole had their best day all month on Wednesday, and it translated into gains for us. The overall sentiment is that conditions should remain favorable as long as the Fed holds off on any changes in interest rates. Following the revelation that there would be no increase at this time, the following four major players began to run:

FB, GOGO, PCLN, TSLA

We’ll be monitoring the Options Call action on all of these big-board plays for continued momentum today.

Extended Watchlist:
RENN, ROYL, CTIC, NIHD, LIQD