Tag: POTN

Blue Horseshoe Stocks: Cannabis Roundup & More

Cannabis Roundup

We wanted to take some time out this midweek to get back to cannabis, the rapidly growing industry that we’ve always said we felt has as much or more potential than any other out there. The first quarter of the 2018 calendar year was rather low key, but with some major cannabis dates coming up, we wanted to sharpen our focus on the sector.

The 04/20 Holiday is generally a time when you see heightened visibility, and an influx of sales for recreational marijuana businesses. It’s the “Super Bowl” for many of these businesses, which will see their highest customer volume of the year.

It’s a time of increased awareness in the investment community for the space as a whole, and that’s why we wanted to refresh our running watchlist of pot stocks on our radar:

As for the ones based here in the U.S. some of our favorites (in no particular order) have been: OWCP, AGTK, HEMP, SGMD, SING, GRNE, GOHE, MCOA, MCIG, POTN, PNTV, RMHB, CANN and CBIS.

We also have July to look forward to, which marks the nationwide legalization of recreational marijuana in Canada, where some of the most impressive cannabis companies, like ACBFF and APHQF reside. Other notable Canadian players include ATTBF, GLDFF, GLNNF, NXTTF, MRRCF, SPRWF, and CRON.

Facebook, Inc. FB

We started off the week on Monday by signaling some options ideas, the FB Weekly $155-160 Calls. Despite a terrible start to the week for the markets as a whole, yesterday’s bounce-back helped began to provide us with the kind of moves we were looking for out of those plays.

In fact, each of three contracts in our designated range yielded the chance at multi-bag gains yesterday, with the following moves:

$155 Calls – Range: 1.55-4.27  – Max Gain: 175%
$157.50 Calls – Range: .90-2.75 – Max Gain: 205%
$160 Calls – Range: .49-1.69 – Max Gain: 245%

Extended Watchlist:
WLB, ASTC, HCC, EGO, TCAP, AQMS

Blue Horseshoe Stocks: VXX Calls & More

Under Armour, Inc. UAA

Our targeted contracts for the UAA options chain worked out fairly well yesterday. We signaled the UAA Weekly $15.50-16.50 Calls. As the stock gapped up and ran over $17, it facilitated the following respectable gain opportunities:

$15.50 Calls – Range: .70-1.60 – Max Gain: 128%
$16 Calls – Range: .57-1.25 – Max Gain: 119%
$16.50 Calls – Range: .35-.85 – Max Gain: 143%

We’ll look for UAA to re-test its 200DMA as it did yesterday to potentially bring further chances, but as it stands, our ideas worked out very well for a single-session play yesterday, so we’re pleased with our calls either way.

iPath S&P 500 VIX ST Futures ETN (VXX) – More Options Ideas

There’s been quite a bit of turbulence in the markets as a whole recently, and this morning it appears as if we could be headed for another down day. If that is indeed the case, we’re going to set ourselves up with a new idea that could produce immediately.

The VXX trades inversely to the markets, so a backslide could effect significant chances to profit through the options chain. We’re going to put a tag on the VXX Weekly $46-50 Calls We’re going to want to look at the SPY as an indicator, and if it falls below 262.62, we’ll be actively tracking these VXX Calls.

Extended Watchlist:
ANDI, AGTK, POTN, IFXY, SGBI

Blue Horseshoe Stocks: Cannabis Sector Heating Up Again

Cannabis Comments

We got head-faked a little bit in terms of the cannabis sector in the past year or so. Leading up to last fall, anything even remotely tied to marijuana was going through the roof, with seemingly no end in sight. Then a regime change in Washington led to the appointment of self-avowed cannabis hater Jeff Sessions to the head of the DOJ. That led to a considerable cooling of what was previously the hottest market sector.

That being said, it has been business as usual for companies operating in the space in places that have taken the step of ending prohibition. Growth is happening all around, and the investment community has taken notice. The cannabis sector is showing signs of heating up once again, so we want to return to some of the plays we’ve covered in the past and highlight a few that could stand to see some good moves in the days and weeks ahead.

Dewmar International, Inc. DEWM – We just signaled our interest in DEWM in Friday morning’s premarket report, and the stock made a solid two-session swing. From Friday’s low of .0108 to .0163 yesterday, marking a move of 51% We’ll want to continue to track its movements,particularly after this morning’s news.

DEWM announced today that it filed a provisional patent with the US Patent and Trademark Office for the treatment of lung cancer with cannabinoids, so that’s going to be another interesting storyline to follow with respect to DEWM.
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Also going on our refreshed cannabis watchlist of previously tracked stocks will be PNTV, POTN, MCIG, MCOA, and TRTC.

Netflix, Inc. NFLX – Options

We’re always looking for a good post-earnings options play and we may have one with NFLX this morning. Up 10% in premarket trading on a solid beat, we’re going to be looking for a potential dip-and-rip scenario that could lead to some hefty intraday moves. Our targets are going to be the NFLX Weekly $172.50-180 Calls.

Extended Watchlist:
CAPR, MBRX, MDGS, NVAX, OPK OPCO, TTOO, RAD