Blue Horseshoe Stocks: MJMI Recap, Options Idea & More

MarilynJean Interactive, Inc. MJMI

Our first order of business this morning is to rehash the recent performance of what has become one of our best picks of this month on the stock side of things. We first alerted MJMI exactly three weeks ago on the 4th, and would subsequently observe a low of .091 the very next session, from which the stock hasn’t looked back.

Volume has been excellent during the entire fifteen-session span that we’ve tracked the stock, and yesterday MJMI reached an amazing new high of .575. That works out to a fantastic increase of 532% in a relatively short time. A quick peek at the chart below shows the incredible move clearly.


In the event of a pullback off of this latest spike, we’ll be looking for the stock to maintain support at or above the 200DMA of .353.


Xtera Communications, Inc. XCOM

We’re always on the lookout for a good bottom-bouncer, and it appears that we’ve found an interesting candidate this morning, which has just undergone a crazy 48 hours.

The stock made a huge run yesterday off of its recently established annual lows, filling the gap on the chart and then some, before settling into close in the fifty-cent range. This morning in the premarket we’ve seen the stock changing hands in the .60-.74 range, so we’re very interested to see how the activity will unfold in-session.

We’ll want to see this morning’s premarket low of .60 hold as support on any pullbacks.


Boston Therapeutics, Inc. BTHE

We also want to provide a quick update on BTHE today, which was a mention in yesterday’s extended watchlist.

Despite not seeing any liquidity in the early part of the morning, eventually the wheels began to turn, and we saw a nice afternoon run from .125 to .17; an intraday upswing of 36%


Fresh Options Idea: Tiffany & Co. Just beat on earnings this morning, so we’ll be montioring the TIF Weekly $71-74 Calls for potential daytrades and/or swing trades into tomorrow.


Extended Watchlist:
NYMX, RGIN, NTEK, AXMM, SPHS, NETE

THWI, OMVE & Today’s Extended Watchlist

Thwapr, Inc. THWI

Within the past month, THWI has exploded 1336% from .0055 to .079. The stock ran into resistance at the 200DMA. After such a surge, consolidation, which we’ve been seeing over the past couple of weeks, is to be expected.

THWI has been maintaining support above the 20DMA, and has made higher lows for the past five sessions. To us, that seems like a recipe for another possible breakout.

Apart from a nice chart setup, the company has had a slew of PR’s over the past few weeks that we’ve linked to below. We’ve also included a video chart for your convenience.

Recent Press:

Thwapr Executes on Channel Partner Strategy in Asia -06/11

Thwapr to Localize Its iPhone App for China -06/04

Thwapr Takes Steps to Protect Its Patent-Pending Technology in China -05/31

Thwapr, Inc. Provides Corporate Update on Asia Progress and Asian Outlook -05/29

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Omni Ventures, Inc. OMVE

Having seen higher lows for four consecutive sessions following a bounce off of its bottom, OMVE is another play that we dug up in our search for new blood.

Our penny-sense is starting to tingle, as all the chart indicators seem to be ripening up. We’ve generally observed, that once a stock moves past its 200DMA, a breakout often follows. That said, we’re looking at .22 (200DMA) as the next key area of resistance.

We’ve provided you with a video chart for OMVE as well:


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We also wanted to congratulate anyone who was able to take advantage of our calls from yesterday’s report. Both YIPI and ARNA enjoyed solid performances during yesterday’s trading. Both stocks closed near their high-of-day on abnormally high volume.

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Extended Watchlist:

RGIN, VPER,