Tag: RGSE

Blue Horseshoe Stocks: NKE Review & More

NIKE, Inc. NKE – Options Update

Yesterday we brought a grouping of NKE options ideas to the table following a post-market options beat the previous day.

Despite the slow market conditions that are to be expected of a week leading into the year-end holidays, we felt that NKE was set to provide some opportunities, and we weren’t disappointed.

Our targets for “daytrades and/or swing trades” were the NKE Weekly $52.50-54 Calls and it appears as if both notions will turn out to be correct, with the stock looking like it could post another strong session today. As for the daytrades that were possible yesterday, we saw the most notable moves out of three sets of contracts in our highlighted range:

$52.50 Calls – Range: .15-.38 – Max Gain: 153%
$53 Calls – Range: .07-.21 – Max Gain: 200%
$29 Calls – Range: .03-.09 – Max Gain: 200%

ERF Wireless, Inc. ERFB

We want to provide a quick update on ERFB this morning, which we highlighted in last Friday’s premarket repot.  The stock saw a subsequent low of .0013 following that alert, and as of yesterday it had pushed as high as .0079.

That worked out to a 508% intraweek move up, so we want to say congrats to anyone who took this subpenny popper for a ride on the heels of last week’s tag.

Potential Bottom-Plays

We found a pair of stocks this morning that are both trading near their relative bottoms, with strong indications of impending rebounds on both of the charts.

Imprimis Pharmaceuticals, Inc. IMMY
& Ideal Power, Inc. IPWR

In addition to a ripe-looking chart, IMMY has seen some insider buying of late. A recent Form-4 filing revealed a significant buy ($280K) from CEO Mark Baum, who, coincidentally enough, also serves on the board of IPWR. We’re going to keep both of these stocks on recovery watch in the days and weeks ahead.

Fresh Options Idea:  MU Weekly $22-23.50 Calls

Extended Watchlist:
INAP, TKAI, RGSE, ANY, HTBX, SYRX

Blue Horseshoe Stocks: OWCP’s Epic Run Persists & More

OWC Pharmaceutical Research Corp. OWCP

At this point, over a week since we first alerted on OWCP, we’re beginning to run out of superlatives to describe the uptrend that has now persisted over the span of an entire trading week. It’s increased by leaps and bounds each day, and yesterday produced one of the biggest intraday rips yet.

From its morning low of .035, the stock pushed its way to a new high of .073 for a solid double-bagger (+109%) on the day, and an absolutely massive rise of 1522% over our observed low from last Thursday.

Just as we stated in yesterday morning’s report, we want to keep our heads on a swivel concerning OWCP moving forward. When this monstrous breakout finally does end, opportunities for a subsequent dip-and-rip may present themselves, and at that point we’ll be ready to strike once again.

Ruby Tuesday, Inc. RT

We haven’t talked about Ruby Tuesday’s in our reports for nearly two years, but we see good cause to take a moment to revisit it today. Instances in which we see clear-cut short to moderate-term opportunities in both a stock and its associated options chain are rare indeed, but it appears we have just that with RT.

As you can see on the snapshot below, it just set a new 52-week low yesterday, but there was a notable recovery before market close wherein the stock recouped more than half of its daily losses. It makes RT a prime bottom-bounce candidate, and our other favorite indicators, the RSI and the MACD are both strongly suggesting that a more sustained rebound could be in the cards.



Additionally, we’re going to keep an eye on the RT 11/18 $2.50 Calls for a possible short to mid-term options trading opportunity if the recovery in RT plays out as we suspect it might.

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Added Note: We also placed the DIS 11/11 $94-96 Calls on extended watch yesterday and the stock did begin to make the move up we were banking on there, so we’ll continue to track those closely as well.

Extended Watchlist:
AGTK, APYP, HNR, RGSE, PJET

Blue Horseshoe Stocks: GEVO Recap, Potential Bottom-Plays & More

Gevo, Inc. GEVO
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We tracked GEVO to some nice gains late this spring, and re-admitted the stock into the conversation in yesterday’s report. We were met with a respectable intraday increase as it traded up from a low of 2.37 to a daily high of 3.00. It registered as an opportunity of single session gains of up to 27% on volume of more than twice the 3-month average.

The stock is pulling back slightly in the premarket today, but we could see some further chances from this play into next week, provided it can continue to build a higher base of support in coming sessions. We’ll want to see the stock maintain above yesterday’s swing low of 2.37 to remain interested at the moment.

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Potential Bottom-Plays

PostRock Energy Corp. PSTR

We spotted some potential in PSTR after catching it on a routine scan recently, and thought it’d be a good time to mention it as it is coming up off of recent relative lows.

The stock ran into some resistance just a tick below its 50DMA of 2.76 yesterday, and that’s going to be the figure we watch for a break. A move past that point, and there doesn’t seem to be much standing in the way of this low-float play running up to the level of its current 200DMA, presently sitting at 4.01.
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Wizard World, Inc. WIZD

WIZD is a stock that has recently been beaten back to new 52-week lows, and as our regular readers are well aware, we’ve had an exceptional amount of success in the past with stocks in just this position. As you can see on the prepared chart below, WIZD is drastically oversold at the present time, and trading at just a fraction of its moving averages.

We’ll keep this stock on the radar heading into next week, and have our eyes open for a move up off of these newly attained lows. On a side note, the company just announced that the comic convention it is hosting the third week in September has secured an appearance by legendary boxer, Mike Tyson. >>VIEW PR 

Fresh Options Ideas

LinkedIn Corp. LNKD – Despite a hefty beat on earnings and raised guidance by the company, LNKD shared slipped more than 5% during yesterday’s session. The reactionary slide was primarily due to the perception of weakness in some of the areas of LinkedIn’s core business. Despite that fact, we want to offer up a longer-term options idea relating to the stock’s potential recovery over the next several weeks. We’re going to give specific attention to LNKD Sept. 11th $210-220 Calls.

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GoPro, Inc. GPRO & Expedia, Inc. EXPE – Both of these stocks are gapping up in the premarket this morning, so as a closing idea for the week we’ll be monitoring Weekly Calls in each of them for a possible dip-and-rip. Those ranges of highest interest to us are GPRO $63-64.50 Calls, and EXPE $115-117 Calls.

Options Trading Side Note:

Don’t forget about the success we’ve had this week with the Weekly Ford (F) $14.50-15 Calls, and Weekly MU $19.50-20.00 Calls. We’ll have our eyes peeled for the possibility of seeing some added spikes as the trading week comes to a close.

Extended Watchlist:
RGSE, CVEO, MXWL, HTCH