Tag: PLX

Blue Horseshoe Stocks: ARNA Recap & More

Arena Pharmaceuticals, Inc. ARNA

You have to go a long way back to find our very first coverage of ARNA. It was May 11th, 2012 that we first mentioned this stock as an item to have on long-term watch. At that time the company had an obesity treatment that was awaiting FDA approval.

The public sentiment during that summer was that FDA approval was all but in the bag, and as we waited the stock began a monstrous run from a low of 5.44 to the day of its approval when it hit 13.50, an overall increase of 148% It would be a very long time before we talked about ARNA again.

The next time was fairly recently on November 3rd when we included ARNA on our Extended Watchlist, and over a period of a few sessions, saw the stock make a decent move from a low of 4.12 to 4.76. After that, it endured a series of incremental pullbacks over the next several weeks.

Yesterday morning, in a stroke of superb timing we tagged the stock in our watchlist once again, and what it did next blew the run we witnessed in November right out of the water!  Coinciding with the announcement of positive top-line results on another of the company’s treatments (this one for autoimmune disease) ARNA made a huge intraday run from a low of 3.66 to all the way up to 6.09. That’s a hefty 66% increase in a single session, and it came on approximately 20X the 3-month average volume, so cheers are in order for anyone who took advantage of our timely alert!

Heritage Media Corp. HMCP

Since we mentioned HMCP for the first time on New Year’s Eve, the stock has provided us with a few quality swing-trade opportunities. That day the stock traded in a range from .0047 to .0068, an intraday gain of 45% In following sessions we then observed subsequent swings from .0037-.0064 (+73%) and .0034-.0062 (+82%) making HMCP a flipper’s dream.

As we point out on the snapshot below, what has formed on the chart is known as a bullish flag, which is known to be a signal of further gains. Couple that with an RSI that’s screaming toward the power zone, and it makes HMCP one that we’ll really need to watch closely as we head into week’s end.

Extended Watchlist:
BIND, BIOD, FOLD, NRX, CYRN, AVEO, ACUR, PLX, S

Blue Horseshoe Stocks: EVLI News, DRIO & More

Everlert, Inc. EVLI

EVLI continued to climb following Friday’s pre-market report; if you recall, following our initial alert of the stock on Thursday, we observed a low of .06, and during Friday’s session it would break our called resistance at .07 to run as high as .09.

Volume returned to normal as well, and with an interesting PR out this morning, we’re anxious to see how EVLI will kick off a fresh trading week. We’ll be looking for support to hold at the previous resistance at .07.

A 50% overnight move is certainly respectable, but according to the report released this morning, we should be on the lookout for even more potential short-term gains.

MONROVIA, Calif., Sept. 8, 2014 (GLOBE NEWSWIRE) — Everlert, Inc. (EVLI) announced today that WEALTHMAKERS.COM, www.wealthmakers.com, a Wall Street research and trading firm providing unbiased statistical stock market predictions to empower investors, securities professionals and public company employees to make precise, predictive and profitable trading decisions, has initiated coverage today on Everlert, Inc. (EVLI). The report highlights the short term bullish pattern that has emerged, the SqueezeTrigger Price of $0.14 and the projected short squeeze valuation of $0.26 per share.

Download the report: http://www.buyins.com/reports/evli9-6-14.pdf

LabStyle Innovations Corp. DRIO

Tracking this play over the past couple of weeks has turned out to provide excellent opportunities for us.

After putting DRIO on our radars on August 26th on the heels of the stock reaching its 52-week low the day prior, we observed a low of .065, and subsequent run to .1367 which culminated last Wednesday, a move of 110%

DRIO consolidated back to a low of .095 on Friday, and bulled its way into the close to touch a high of .127, adding another 34% rip to its resume`, and bringing our cumulative totals to 144% inside of two weeks!

Extended Watchlist:
MSTX, ISNS, HEB, GLUU, PLX, INFN

Blue Horseshoe Stocks: AAPL, ORFG Updates & Extended Watchlist

Update on AAPL Options

We’ve been tracking AAPL pretty intensively over the past couple of weeks, beginning on the 14th of this month. What has followed has been a very impressive uptrend, as we’ve witnessed a move in the stock from a low of $588 to this morning’s pre-market high of $639; that’s a 50-point move in just a couple of weeks.

Between the Beats rumor, the fact that AAPL has a forward split coming, and the approach of a new iPhone which will reportedly boast a larger screen, it seems there is a lot of speculation in the air, and we’ve done well in using it to our advantage.

Last week, we were afforded the chance at percentage increases in the hundreds and thousands from Calls in the $605-610 range, and with the continued uptrend exhibited by AAPL this week, the opportunities were still ripe for the picking in some of the pricier contracts. For example, the $627.50 Calls ran from a low of 1.97 on Wednesday, to a high 9.80 during yesterday’s session, an overnight gain of up to 397%, and appear to be gapping up even further this morning.

In the event of a sustained uptrend in AAPL, we’ll be monitoring the $635-640 Calls, making sure to keep our strike price relatively close to the money.

Orofino Gold Corp. ORFG

ORFG turned out to be a good call for us as the main feature of yesterday’s report, as the stock came down to a low of .0175 in the morning, before showing us a high .0249 shortly before the close. That equates to a solid 42% intraday gain for this bottom play.

We observed higher highs and higher lows in ORFG, and it managed to maintain well over half of those gains into the close (.0229), so we’ll continue to keep an eye on this play moving forward.

The company signed a couple of LOI’s this month, so we’ll be interested to see how those pan out as well:

Extended Watchlist:
FLST, PLX, OPTT, ARRY, NEWL, DARA(Gapping down, potential bounce?)