RENU Archives - Page 5 of 8 - Blue Horseshoe Stocks

RENU, TLON, ICNB & Today’s Extended Watchlist

Renuen Corp RENU

Our interest in RENU has been renewed. Yesterday, the stock was able to break resistance at the 50 & 100DMA’s as we had expressed hope for in our morning report, touching .004 at one point. Being as low as .0015 last week, gains on the order of 167% were possible.

As you can see on the chart below, the RSI has surpassed the 50-line and the 50DMA. The blue bars on the histogram flipped up to the bullish side, we can see a PPO crossover, and the Slow STO has passed through the 50MA overlay. All of this on increasing volume, leads us to a bullish opinion of RENU.

NEW YORK, NY and ST. CLOUD, FL–(Marketwire -07/26/12)- RenuEn Corporation (RENU), a rapidly expanding renewable energy roll-up company focused on solar, wind and geothermal energy solutions, today announced that the Company has signed a Letter of Intent to acquire Team Energy, Inc., a developer of renewable energy projects based in St. Cloud, Florida. >>FULL STORY

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Talon Therapeutics, Inc. TLON

TLON enjoyed another nice day of gains on Wednesday, hitting a new 52-week high. We began mentioning it a couple of weeks back (July 11th), at which time the stock was trading as low as 1.28. Yesterday’s high of 1.72, marks a gain of 34%

Just a reminder, TLON has an upcoming FDA date on August 12th.

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Iconic Brands, Inc. ICNB

We have our eye on ICNB as a momentum play. The stock was up considerably yesterday and Tuesday, with 700% in gains rolling in during that short time. We just want to keep it on the radar in case it keeps moving. The company released a corporate update yesterday, included here:

NEW YORK, Jul 25, 2012 (BUSINESS WIRE) — Iconic Brands, Inc. (Iconic) (OTCBB: ICNB) announces corporate updates as related to ongoing operations and forward looking plans. As previously announced in September of last year our wholly owned subsidiary, Iconic Imports Inc. was forced to file chapter 7 bankruptcy when a senior creditor foreclosed on the subsidiary assets. The bankruptcy hearing has been held without claim and is pending discharge. There is no effect on the capital structure; the company maintains approximately 52 million shares outstanding with approximately 20 million in the public float.

In the interim we have aggressively started the process to update our financials and engage in new business opportunities to create value for our shareholders. We anticipate having all of the financials updated by no later than the third quarter ending September 30th, 2012. We have put up a simple website to provide information while going through this process. www.icnb.info

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Today is the FDA PDUFA date for Horizon Pharma, Inc HZNP

The FDA will rule on HZNP’s RAYOS modified-release low dose prednisone. We have done considerably well with HZNP leading into today’s upcoming verdict, thus, it may be a good idea for us to take profits off of the table, in the event of no approval.

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Extended Watchlist:
IWDM, IMDS, BBDA, AAPT, NOK

IDOI, HAIR & Today’s Extended Watchlist

IDO Security, Inc. IDOI

IDOI has been on fire of late, doubling in value over the past three trading sessions, with four consecutive green days in a row.

Normally at this point, we would consider taking profits off of the table, however, we feel that there is still potential for added gains here. In instances such as this, when our money has doubled yet strength remains, we are likely to sell half of our position, and play the rest with the house’s money.

BARCHART.com is still currently giving IDOI a 72% Overall Buy Rating

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Biostem U.S. Corp HAIR

After a recent 597% run from the .06 area to .46, HAIR has consolidated, and been making higher lows off of support in the low .20’s.

Just in the past week, the stock got above the 20 & 50 day moving averages, leading us to believe that another run is in the making.

There are also several indicators on the chart which suggest that HAIR has some real potential for growth (no pun intended!).

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FDA PLAYS — AMRN, HZNP, TLON

HZNP has appeared in our watchlist recently. Yesterday, the stock was up 7%, and appears as if it may gap up this morning. With the company’s FDA PDUFA date approaching on Friday, we certainly want to keep a close watch over HZNP in the next few sessions.

AMRN’s FDA date is this Thursday, one day prior to HZNP’s. We are watching closely here as well.

TLON’s date is coming up in a couple weeks (08/12/12), so there isn’t as much of a sense of urgency just yet, but we will still be following along as zero-hour approaches.

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Extended Watchlist:

EGCT, STEM, RENU, IWDM

CTDT, HLNT, BBDA, VHGI, & RENU | Today’s Stocks

Centaurus Diamond Technologies, Inc. CTDT (Formerly SWTR)

CTDT ended up closing at .20 yesterday on strong volume. With the kind of momentum we saw we wouldnt be surprised to see a small gap-up this morning.

In that event that occurs, we would consider taking profits, and observe for a subsequent pullback.

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Highline Technical Innovations. Inc. HLNT

Last week, we alerted HLNT as a bounce play, and this week, we have begun to see some momentum building in the stock. If it can hold support at .007, we could see a re-test of its recent high of ,0135.

We like the makeup of the chart here:

The RSi appears to be strengthening, trying to get up to that 50 mark, while the PPO seems to be converging. The Slow STO has converged and is in the midst of a cross.

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Bebida Beverage Co. BBDA

Another stock we caught after a large run up in effort catch a bounce on Friday. We said we would like to see support hold at .002, and it did hold at .0025. The stock saw a close of .003 yesterday, a gain of 20%

We are looking to see a break of resistance at .003, hopefully to test recent highs at .0039.

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VHGI Holdings, Inc. VHGI

VHGI saw some more uptick action on Monday. We put it back on our watchlist on June 25th after we noticed a recent selloff. At the time, it was trading as low as .055.

The stock seems to be making higher lows and higher highs off of the bottom we caught, and we’d like to see it hold support at or above the 20DMA of .09.

At yesterday’s high of .13, we’ve seen 136% in possible gains from .055, in just two weeks’ time.

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Renuen Corp RENU

RENU News Out Today:

NEW YORK, NY, Jul 10, 2012 (MARKETWIRE via COMTEX) — RenuEn Corporation (PINKSHEETS: RENU), a rapidly expanding renewable energy roll up company focused on solar, wind and geothermal energy solutions, announced today that the Company now has a live website that conveys RenuEn’s new corporate identity to both the renewable energy and investment communities. Visitors to www.renuen.com will find information regarding the Company’s products and services.

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WBSI, CTDT & Extended Watchlist

WebSafety, Inc. WBSI

So far today, WBSI saw a low of .02, and a high of .026. It is currently up 13% at .0227. We wanted to share the news released by the company shortly after our newsletters were published this morning:

WebSafety Settles Lawsuit and Reduces LiabilitiesNEWPORT BEACH, Calif., Jul 9, 2012 (GlobeNewswire via COMTEX) — Rowland W. Day II, CEO of WebSafety, Inc. (OTCQB:WBSI), announced that WebSafety had settled the lawsuit that the landlord had filed against WebSafety for $75,000. This liability was listed as an “Accrued Loss Contingency” for the amount of $400,000 on the March 31, 2012 10Q.

Additionally, during the past five months WebSafety was able to convert an approximate $300,000 of liabilities into approximately 60,000,000 common shares, most of these shares were outstanding as of March 31, 2012.

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For More Info Visit: http://websafety.com/

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Centaurus Diamond Technologies, Inc. CTDT (Formerly SWTR)

CTDT is currently trading at the high of day (up over 95%) after coming out of the starting box strong this morning. We are seeing a surge in volume, with over 21M shares having exchanged hands already today, on this momentous mover. We like that the stock is making higher lows and higher highs after coming off of its 52-wk low on Friday.

The big block trades that are showing up on our L2 data feed are reason enough for us to re-alert this stock.

LAS VEGAS, NV, Jul 09, 2012 (MARKETWIRE via COMTEX) — Sweetwater Resources Inc. (the “Company” or “Sweetwater”) (OTCBB: SWTR) (OTCQB: SWTR) has changed its name to “Centaurus Diamond Technologies Inc.” (or “Centaurus”) and will now trade under the new symbol (OTCBB: CTDT) (OTCQB: CTDT)

Sweetwater Resources Inc. has been granted permission to change its name to Centaurus Diamond Technologies Inc. to better reflect the nature of its core business. As a result of the name change the company has changed its symbol from SWTR to CTDT on the OTC BB and OTC QB markets. The company remains focused upon the perfection of its process for the manufacture of cultured, industrial diamonds.

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Extended Watchlist:
RENU, BBDA, (07/21 $650 AAPL Calls)

Arena Pharmaceuticals, Inc. – ARNA & Today’s Extended Watchlist

Arena Pharmaceuticals, Inc. ARNA

ARNA has been on an unstoppable run since we’ve had it appear in our newsletters. Even in uncertain times with the market, with the Dow being down more than 200pts yesterday, ARNA continued to push forward, gaining another 11%

That brings the total gain we’ve pulled in from ARNA to 112% in just over a month’s time. There are certainly no guarantees that ARNA will receive the FDA approval that everyone seems to be anticipating. Some would say now is the time to lock in those profits before the results are in, for failure to attain FDA approval could send this stock into a downward spiral.

We’ve even considered the idea of playing puts on ARNA options should things get a little ugly from here. $5 & $7 Puts would be multi-bag winners if the stock should fall to the 2.00 range, a distinct possibility if FDA approval isn’t awarded.

On the flipside, straddling the stock by purchasing both a Call and a Put could mitigate our risk in the event that FDA approval is forthcoming. For example, the $15 Calls were trading at .83 yesterday, and the $5 Puts closed at .38. ($7 closed @ .65) which will be even cheaper if the stock gaps up this morning as it appears to be doing.

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Extended Watchlist:

THWI, USNL, EEDG, RENU