Blue Horseshoe Stocks: Potential Momentum Plays & More


Skystar Bio Pharmaceutical Company SKBI

SKBI is new to us, and it caught our eye as one we’re going to need to watch over coming sessions. It has recently been trending up on light volume, and we like the setup of the chart; as you can see below there are a number of tech indicators pointing to the possibility of further gains. We’ve got a rapidly strengthening RSI rushing toward the 50-line, along with a recent MACD cross showing sharp upward divergence.

We’re going to want to see SKBI hold the low .60’s range as support going forward to maintain our confidence in its ability to keep stringing together more positive sessions.


Coastal Integrated Services, Inc. COLV

COLV was included in yesterday morning’s extended watchlist as an item of interest, and it did perform well enough for us to leave it on our radar to watch for a possible continuation of momentum.

The stock traded in a range from .0011 to .0015 for a modest 36% intraday burst, and it came in on slightly higher than average volume. In order to hold our attention, COLV needs to continue to establish higher base levels of support so to start with we’ll be looking for it to maintain above yesterday’s .001 swing-low.


Penn Virginia Corp. PVAH

We mentioned PVAH in yesterday’s daily report, and the stock posted a decent intraday performance even despite having been recently delisted from the NYSE and relegated to trading on the OTC.

From an early low of .058 the stock managed a healthy 46% pop, running as high as .0848 on the day. Like the aforementioned play, we want to see PVAH trade no lower than yesterday’s low to keep our interest piqued into next week.


Extended Watchlist:
TALK, BTFL,MCOA, GDPM(coming off lows), SIRG(momentum play)

Blue Horseshoe Stocks: SIRG Review, Options Update & More

TripAdvisor, Inc. TRIP – Options Update

After witnessing intraday gains from 380-650% from the range of TRIP Weekly Calls we tagged for tracking on Wednesday (as well as a 120% pop from the 10/30 $85 Calls we also signaled) , we continued to monitor those contracts yesterday and were met with further opportunities.

$80 Calls – Daily Range: .90-3.50 – Max Gain: 288%
$81 Calls – Daily Range: .55-2.10 – Max Gain: 281%
$82 Calls – Daily Range: .30-1.40 – Max Gain: 366%

The majority of the open interest in the original range of contracts we highlighted (78.50-82.50 Calls) fell in the $80’s and above, and that’s also where we’ll want to see the stock maintain support on any pullbacks. We’ll continue to look for action there as the week draws to a close.

We’ll also continue to keep an eye on the 10/30 $85 Calls over the next couple of weeks leading up to their expiration.

Fresh Options Idea:

Youku Todou, Inc. YOKU Is gapping up considerably in the premarket after Alibaba (BABA) submitted an offer to buy the company’s streaming video service. We’ll be looking for action in the Weekly $23-26 Calls, as well as a longer-term idea of the 10/06 $27 Calls in the event of a sustained breakout.

*Just to float the usual reminder for a Friday session: Volatility rises in options contracts with a weekly expiration which heightens the risk-reward factor considerably, so extreme caution should be exercised.


Sierra Resources Group, Inc. SIRGĀ 

We flagged SIRG in yesterday’s extended watchlist, and the stock had a heck of a session, hurtling out of super-subpenny territory. From an early morning low of .0007, the stock stair-stepped its way to an afternoon high of .0015.

That registered as an intraday gain of 114% and the move occurred on volume which exceeded the monthly average by approximately three times.

Added Note:

Speaking of super-subpenny movers that we’ve been tracking; Manzo Pharmaceuticals, Inc. MNZO appeared on our watchlist last Wednesday and has since produced a healthy swing. We observed a low of .0003 subsequent to our mention of the stock, followed by a high of .001, which is equal to a 233%

Both this and SIRG serve as good examples of why we’d never completely abandon speculation in subpenny stocks. There’s always a chance that the next high-flyer is just around the corner, and as you can see, the possible gains over a short period can be quite substantial.


Extended Watchlist:
ALIM, COLV, NECA, KATX

Blue Horseshoe Stocks: TRIP Recap, Bottom-Watcher & More

TripAdvisor, Inc. TRIP

Based on what we were seeing in yesterday’s premarket activity, we floated several sets of contracts to monitor for opportunities. The Weekly 78.50-82.50 Calls were our short term target range, with a longer-term idea of the 10/30 $85 Calls.

The biggest winners among those sets of contracts were the $80, $81, and $82.50 Calls, and we even saw a big jump in our longer-term calls as well.

$80 Calls
– Daily Range: .85-4.10 – Max Gain: 382%
$81 Calls – Daily Range: .66-3.20 – Max Gain: 385%
$82.50 Calls – Daily Range: .30-2.25 – Max Gain: 650%
10/30 $85 Calls – Daily Range: 1.00-2.20 – Max Gain: 120%

Remember, yesterday we also mentioned that TRIP has a gap on the chart from roughly 86.50 to the $92 area. We’re still going to be open to the possibility of seeing that happen in coming sessions. Naturally, we’d have to re-assess and roll up our strike prices to stay closer to the money if things indeed unfold in that manner. Should we see another dip, we’ll just want to be sure TRIP continues to record higher lows each day in order to hold our attention.


Terra Tech Corp. TRTC

We want to radar TRTC as a potential bottom play. The stock recently came down to find support around a previous swing low from this summer, and is showing signs of life.

This morning the company released a positive PR relating to its cannabis products now being available in many more dispensary locations in California. We’ll be anxious to see how the combination of the news, and a ripening chart affects TRTC’s PPS in the days ahead.

Terra Tech Subsidiary IVXX Adds 60 New California Retailers Following New California Legislation (Thu 8:30AM EDT)


Extended Watchlist:
GEQU, MLPH, EEGI, SIRG