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Blue Horseshoe Stocks: ANF Options Recap & More

Abercrombie & Fitch Co. ANF – Options Update

Our main point of focus in yesterday’s premarket report was a bearish stance on ANF to correspond the company’s earnings miss. We wanted to use the impending selloff to our advantage, and for that we selected the ANF Weekly $22-19.50 Puts.

The activity unfolded just as we expected it would, and as a result our observed contracts provided us with nice intraday gain opportunities.

$22 Puts – Range: 2.55-4.09 – Max Gain: 60%
$21.50 Puts – Range: 1.70-4.15 – Max Gain: 144%
$21 Puts – Range: .64-3.14 – Max Gain: 391%
$20.50 Puts – Range: .48-2.60 – Max Gain: 442%
$20 Calls – Range: .36-2.15 – Max Gain: 497%
$19.50 Calls – Range: .27-1.65 – Max Gain: 511%

While the contracts don’t expire until Friday, this is likely to be a one-day idea that we’ll now be moving on from, as the chances of seeing ANF take another dramatic backslide seem rather slim at this point.

Updates on Last Friday’s Solid Picks

We want to circle back today to recap a couple of plays we added to our watchlist on Friday morning. Both have left their lows behind, with each of them going on to register new highs yesterday.

Firefish, Inc. FRFS – saw its low on Friday at .0031 and yesterday found its way up .0064, marking a 106% swing in a four session span.

Force Protection Video Equipment, Inc. FPVD – This play found its bottom on Monday at .016 before leading into yesterday’s high of .027. That goes down in the books as a three-day, 68% shift to the upside.

Fresh Options Idea:

VEEV posted a 34% year-over-year increase on revenue in this morning’s earnings report, and like usual, we want to signal a range of options contracts to monitor as a result. Our targets are going to be the VEEV 09/16 $39-42 Calls.

Extended Watchlist:
SKLN, MVES, ASCK, DLCR, GREW, BVTK

Blue Horseshoe Stocks: APRE Recap, Other Updates & More

Aperture Health, Inc. APRE

When we took a glance at the APRE chart in the premarket yesterday morning, we felt confident that there was a possibility of a continued uptrend carried over from Friday’s big move. Our feelings weren’t misplaced, as the stock recorded another nice intraday run beginning right at the opening bell.

From its starting price of .027 APRE broke out to a high of .0428, which registered as a 59% upswing. We then saw a consolidation into the close, exhibiting the type of volatility we’d mentioned in our report, but notably held support above the .03-mark.

We’re going to look for APRE to continue to build higher base levels of support moving forward. We can imagine a play with such technical characteristics providing us further opportunities in sessions ahead, so we’ll want to keep it on close watch.

If you didn’t catch our full report on APRE yesterday, you can find it here >>View Report

Updates on Recent Ideas

We get so caught up with our seemingly innumerable interests at times, that we sometimes find ourselves having to backtrack a bit to provide updates on past ideas. Such is the case with the following stocks:

PCS Edventures!.com, Inc. PCSV, which we tabbed for longer-term watch two months ago to the day, ended up making a beautiful upswing of multi-bag proportions. Subsequent to our alert, we witnessed it trading in a range from .025-.14, a 460% move to the upside.

Skyline Medical, Inc. SKLN is a play that we zeroed in on late last month, and it too yielded a sizable move recently. The stock ran from .17-.29 for a comparatively modest but still very solid 71% spike.

Eyes on the Cannabis Sector

Our regular readers are certainly familiar with our repeated tracking of marijuana-related stocks, a pool from which we’ve pulled a great many big-time gainers in the past. We began drawing attention back to the sector in our reports early this spring, and it has really paid off.

GreenGro Technologies, Inc. GRNH – We’ve come back to this one time and time again over a period of years, but began tracking it more heavily beginning in late February. Since then, the general trend has been in a northerly direction, and over the past month or so, things have really begun to kick in high gear. In that span, we’ve seen GRNH run from a low of .0171 to an amazing ten-cent high yesterday. That’s a 485% swing! The stock has gapped up even further today, as high as .12 so far in the premarket, so it’s definitely occupying a portion of our attention this morning.

Terra Tech Corp. TRTC – We began re-alerting TRTC around the same period in late March at which time we observed a low of .2162 , and our most recent reminder came on April 5th. For this play as well, it has been mostly big moves to the upside since then. Yesterday the stock reached .7455, marking a 245% swing over our observed low.

Other big pot-plays that we dialed up near the end of March included Marijuana Company of America, Inc. MCOA and CannLabs, Inc. CANL. We’ve seen multi-bag moves from them as well, culminating in impressive new highs yesterday. MCOA ran from our observed low of .005 to a new high of .012, a gain of 140% while CANL made a move from .167-.449 for a solid 169% rip.

It’s become increasingly apparent over recent weeks that the cannabis industry heat-up we had anticipated is in full-swing. We’re going to need to stay aware and continue to monitor the entire sector, including stocks such as CANN, and CBDS as spring progresses.

Extended Watchlist:
EPXY, SVBL, INSY, GWPH

Blue Horseshoe Stocks: Bottom Plays, Options Idea & More

ML Capital Group, Inc. MLCG – Update

The first thing we want to do today is take a look back to Thursday morning at a play we designated for observation in our watchlist.

MLCG has followed up our alert with three consecutive sessions of higher highs and higher lows. On Thursday, we witnessed the stock changing hands at .0008, and yesterday we saw it reach a high of .0014. That marks a laudable three-day swing of 75% with very heavy volume coming in over that time-span.

We’ll continue to monitor MLCG for a continuation of the bullish pattern we’ve seen established thus far.

Special Reminders:

Axion Power International, Inc. AXPW
& Skyline Medical, Inc. SKLN

Now, we’d like to reiterate our opinion of both of these [unrelated] stocks, which we recently presented as bottom-watch plays.

Each one is still giving us the impression that their rebounds could occur soon, so we just wanted to remind our readers that these plays are still on our radar. In both cases, the stocks appear heavily oversold and ripe to begin a significant recovery, so let’s not let them fall by the wayside just yet.

Valeant Pharmaceuticals International, Inc. VRX- Options Idea

We’ll close out this morning’s report with our first fresh options idea of the week. We’ve been watching over the past week as the stock has taken a real pounding, falling from just below the $70-level to below the $30-level.

We’re going to signal a set of contracts with an extended expiration period, the VRX 04/22 $32 Calls, which will give us plenty of time in which to see the stock put some distance between itself and the newly-established 52-week low it saw yesterday.

Extended Watchlist:
MXOM, FABU, DXMM, PPCH, ADMD, CGRW, ROX(Form-4 Bottom-Watcher)

Blue Horseshoe Stocks: BBLU Update & More

Blue Earth, Inc. BBLU – Update

While we most commonly look for short-term, quick-strike trading opportunities, every so often we’ll sneak in a longer-term play, and that’s just what we did on Tuesday of last week with BBLU.

BBLU had just begun to undergo a massive selloff with no prompt from a filing or news release. This caused us to take notice and tag the stock for extended observation. Our exact words were “We’ll go ahead and reserve a slot on our radar screens for BBLU with an extended bottom-watch designation. It’s far better to show up to the party early and be ready to strike immediately upon the slightest hint of a rebound.”

As it turns out, we were absolutely spot-on in our assessment of BBLU and how to approach it. After ultimately bottoming out at a low of .04 at the end of last week, the recovery has been a thing of beauty. BBLU caught fire and ran back to a subsequent high of .23, regaining its lost ground just as we suspected. That’s an incredible 475% swing!

As we point out on the chart below, things are still looking ripe for yet another leg-up, so we’ll keep a keen eye on BBLU in the sessions ahead.

Added Notes:

Speaking of bottom-plays, we have a couple of other familiar stocks that are just now trading at their own recent lows, and could be in line for recoveries.

We’ve been tagging them in our extended watchlists recently, and we’re going to have them both on a more intensive watch moving forward.

Axion Power International, Inc. AXPW

Skyline Medical, Inc. SKLN

Fresh Options Idea

We’ll look to further our success with options plays this week with an idea we feel has good potential based on a favorable earnings report.

Dollar General, Inc. (DG) is gapping up this morning into the $79-range, so we’re going to be on the lookout for a possible dip-and-rip situation, whereupon we’ll be tracking DG Weekly $78-80.50 Calls for possible daytrade and/or swing trades into tomorrow’s session.

Extended Watchlist:
AVXL, ANTH, BOX, RUN, HGG, PGEI, DEAC, SCIE

Blue Horseshoe Stocks: Reviewing a Monster Monday

Monday’s Huge Winners

We kicked off the week in grand fashion yesterday, with what was easily the most successful single session for stocks we’ve had so far in 2016. We had an incredible three picks, all energy-related stocks, make gains of at least a hundred percent concurrent with the continued bolstering of oil prices.

SandRidge Energy, Inc. SDOC

We continued to track SDOC yesterday, after our mention in Friday’s premarket report netted a chance at up to 35% in intraday gains (.05-0674), and the surge was sustained and multiplied. After gapping up to open at .075, the stock bulled its way to an afternoon high of .154, for a solid double-bagger (105%).

From our observed low of a nickel on Friday, yesterday’s high marked a two-session swing of 208%

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Penn Virginia Corp. PVAH

Undoubtedly our top-gaining pick of the day, PVAH was off to the races promptly at the open.

It was a pleasure to watch as it spent the entire session in beast-mode, ramping its way up from .112 to .38 on immense volume! That’s an increase of 239% on the day, so big cheers go out to any of our readers who were able to take advantage of this gem!

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Goodrich Petroleum Corp. GDPM

GDPM came up big as well with an excellent intraday run, while managing to hold a majority of its daily advances into the close.

It started out with a rip from .0875-.1998, an intraday move of 128%, and came in at .174 at the closing bell, finishing the day on roughly 5x its 3-month average volume.

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Linn Co. LLC (LNCO)

While LNCO didn’t crack the double-bag threshold, it certainly had a solid session and came close. The stock traded in a range from .95-1.70, offering up intraday gains if up to 79%

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Breightburn Energy Partners, Inc. BBEP

BBEP also put forth a modest, yet respectable performance, rounding out our group of gainers for the day with a run from .80-1.25. That gave folks a shot at gains as high as 56% on the day.

Options Ideas

We’re also going to go ahead and formulate a couple of options trading ideas this morning- one long, and one short:

Urban Outfitters, Inc. URBN – Weekly $29-32 Calls

Shake Shack, Inc. SHAK – Weekly $40-37.50 Puts

Extended Watchlist:
AXPW, PPCH, BLKG, TPLM, EGLE, SBGL, SKLN(Possible Rebound Play)