Tag: SPU

Blue Horseshoe Stocks: Chatroom Call, SPU Update & More

Another Great Chatroom Call

We’ve been advocating for our daily live trader’s chats pretty heavily lately, and this morning we’ve got yet another example of why. We compile and publish our daily reports every morning between 15-30 minutes prior to the opening bell. We still manage to find great opportunities in the premarket, but sometimes the real movers don’t reveal themselves until regular trading commences. That’s where the chatroom comes in, giving us and our participants the chance to ID solid plays on the fly.

BLDV was one such play, which, subsequent to our chatter’s mention, went on a run from .0005-.0017 for a fantastic intraday rip of 240%

Our chats are open to any of our subscribers who wish to participate, or merely observe, and are conducted exclusively via Skype. Send a contact request to username ‘stocksumo‘ and get involved today! 

SkyPeople Fruit Juice, Inc. SPU

We signaled SPU on Monday morning after noticing that it was searching for a bottom. We were mentioning as much in yesterday’s report , along with the fact that our bottom call had been sharp, after the stock bounced off of the 2.30 mark and began to climb 45% to 3.3299.

We also noted that SPU still had a monster gap on the chart to the upside, and for the second straight session the stock hit a new high. It traded in a range from 2.72 to 4.33, which goes down as an intraday move of 59%  From the previous day’s low, it marked a two-session upswing of 88% which occurred on 21X the monthly average volume.

SPU has already been a great bottom bounce call for us, but with the kind of momentum that’s currently present, we’ll continue to watch for it to register higher highs, and higher lows over coming sessions.

Extended Watchlist:
JASN, PFIN, BVTK, NNSR, NMM, SPCL, ASPS, NURO, SPHS

Blue Horseshoe Stocks: IMNG Goes Parabolic & More

Innovativ Media Group, Inc. INMG

Our regular readers may be tiring of so many mentions of INMG in such a short span, but the stock continues to soar to new heights on practically a daily basis, and yesterday, the intensity of the bullish pattern increased to impressive levels.

As we were just saying in yesterday morning’s report, we had already seen no fewer than three separate multi-bag rips from INMG in the past week. We also noted Tuesday’s strong close on heavy volume, and that we’d continue to stay on its heels. It’s a good thing we did, as INMG traded in a daily range from .012 to a new high of .0285, for an intraday pop of 138%

From last Thursday, over a span of just four sessions, we’ve now witnessed a total increase of 470% over our observed low of .005. Of course, participants in our daily chats* could have caught our original alert the previous day when the stock traded as low as .0019, from which yesterday’s high represents a five session swing of 1400%

Once again, the stock maintained more than half of its daily increase into the close on more than five times the monthly average volume, so we’ll need to continue to keep our heads on a swivel with INMG. At some point, the stock will peel back off of these impressive highs and that’s when we’ll be looking for what could be a serious dip-and-rip pattern.

*We encourage all of our readers to join in on our daily in-session live chats. To participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.

SkyPeople Fruit Juice, Inc. SPU

We alerted on SPU in Monday’s premarket report after noticing the stock was searching for a bottom, with a monstrous gap to fill on the chart to the upside.

Tuesday’s session brought an end that search for a reversal, with SPU bottoming out at 2.30 before reaching 3.3299 yesterday. That’s an upswing of 45% and we will certainly want to continue to monitor SPU, which still has a mammoth gap to fill on the chart.

04/20 Holiday Reminder: We always have our eyes on the cannabis sector, but will intensify our focus today especially, given that it is the marijuana counter-culture’s main day of celebration for the year! Many companies in this arena use it as a promotional tool, and activity in the recreational space usually reaches a frenzy during this period, so be vigilant, and Happy 4/20 to all!

Extended Watchlist:
COTE, CSX, IMNP, ENDP, PLG, AMH, GEVO, MVIS

Blue Horseshoe Stocks: INMG Recap & More

Innovativ Media Group, Inc. INMG

On Wednesday, just a day following news that the company had acquired a property in the cannabis space, INMG impressed by running 195% from .0019 to .0056. Participants in our daily live trader’s chat had a chance to get in on those gains, as we were mentioning in Thursday’s premarket report.*

But the party was only just getting started, and Thursday’s session proved to be every bit as exhilarating. INMG traded up from its morning low of .005, and managed to crack through the penny barrier to reach a high of .012 on the day. That was good for another multi-bag intraday move of 140% and extended our total two-session observed range on INMG to a walloping 532%

The move came on more than nine times the 30-day average volume, and the stock held a penny into the close, maintaining well over half of its daily advance, so we’ll be very interested to see how that head of steam transfers to this new trading week after a three-day weekend.

*We encourage all of our readers to join in on our daily in-session live chats. To participate, simply create/sign into your Skype account and send a contact request to ‘stocksumo’.

4/20 Cannabis Watchlist

We’re heading into 4/20 week, with the holiday coming up on Thursday. For the uninitiated, 4/20 (“Four-Twenty”) has been a marijuana counter-culture holiday for decades, and in recent years as the legal cannabis space has really taken off, it has been taken to a new level through viral marketing events, festivals, celebrations, and targeted ad campaigns.

We would expect the frequency of press releases (and with them, increased visibility) from companies operating in or around the space to rise over the course of this week. We would also expect subsequent heightened activity in many cannabis stocks. 

In accordance with these expectations, we’ll put the many cannabis stocks we track on a routine basis on even closer watch. Stocks like CBIS, OWCP, RMHB, SGDH, TRTC, and more, will be high on our watchlist this week.

Extended Watchlist:
GIGL, GSAT, HTGM, BLPH, ADPT, NVCR, SPU