SRAX Archives - Blue Horseshoe Stocks

Blue Horseshoe Stocks: Kicking Off the Short Week

INSYS Therapeutics, Inc. INSY

This morning we kick off the holiday shortened week, during a time of year that typically sees subdued activity for the markets as a whole, as people spend time with their families, and stay busy with holiday festivities.

We still strive to identify possible opportunities even in this environment, and the first thing to hit our scanner this morning was INSY. INSYS Therapeutics recently initiated Phase II trials of its synthetic Cannabidiol (CBD) Oral Solution for Treatment of Refractory Childhood Absence Epilepsy.

The FDA, we’re learning today, has also granted Fast Track status to INSY for the ‘drug’ for the treatment of Prader-Willi syndrome, a rare and complex genetic disorder. (View PR)

The stock registered its 52-week lows at the beginning of last month, and has been in a general uptrend since, but we’ll be looking for further bullish activity on the heels of this FDA news, both on the stock chart, and in the options chain as a secondary idea. For that, we’ll look to the INSY 01/19 $8 & $9 Calls for opportunities.

DelMar Pharmaceuticals, Inc. DMPI

Speaking of FDA Fast Track designations, we’re looking to DMPI this morning as well, which was granted the status by the FDA for its lead-product cancer treatment, VAL-083.

The chart itself was already set up as a possible bottom play, and despite gapping up considerably on this morning’s news, there is still room to the upside, including a sizable gap that’s been left on the chart since this past spring, the eventual filling of which would spell gains of more than 100% from the current PPS.

Extended Watchlist:
KLXI, EXXI, AEZS, SRAX, IMUC, NETE

Blue Horseshoe Stocks: PTOP Recap & More

Peer to Peer Network PTOP
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Subsequent to our initial alert of PTOP on November 8th, we would observe the stock trading for as little as .0004 and it has gone on quite a ride since.

We were already mentioning the solid moves it’s made in recent weeks, but yesterday the stock broke out to new highs, trading up to .022. That works out to an incredible run of 5400% which might seem over the top if not for the fact that the sector has been under mass hysteria as Bitcoin recently touched new all time highs at $19,694.68. We’ve been all over the cryptocurrency/blockchain space since a BTC was worth just a couple thousand dollars, so to see how far its come in just a short time is highly impressive.

Like many other crypto plays, PTOP has been a hot ticket item of late, and will continue to be a point of focus for us moving forward.

Fresh Options Ideas

FedEx Corp. FDX – We want to signal some contracts in the FDX chain on the heels of the company’s post-market earnings release yesterday. Trading short term options after a strong earnings report has become our butter, and FDX was already building on a significant bull run leading into yesterday. We’ll have our eye on the FDX Weekly $245-250 Calls.

Blackberry Ltd. BB – BlackBerry is on the premarket earnings calendar this morning, and with record software and services revenue, could be in line for a big day. We’re going to monitor the BB Weekly $10.50-11.50 Calls

Extended Watchlist:
NETE, SRAX, CLSN, XIN, RIOT, AMPE, HMNY, OHAI

Blue Horseshoe Stocks: Bottom Plays & More

Syros Pharmaceutical, Inc. SYRS

First up on the docket for this morning is a potential bottom play that we’re going to want to put on our radars over the coming sessions. SYRS reported some less-than-ideal clinical data, and the stock got absolutely crushed yesterday.

We don’t ignore news developments, but we are constantly looking for over-abused stocks to pounce on during their recoveries, and one definitely seems in order for this play at the present juncture. The filling of the gap that was left on the chart by the sell-off would mean roughly 50% in gains from the current PPS.

Tenet Healthcare Corp. THC

We made it known yesterday morning that we had an interest in tracking the THC 01/26 $13.50-14.50 Calls as the stock appeared to be ripe for continuing its recent bottom-bounce. THC did just that, but our tracked options didn’t heat up too much yet, posting gains of just 15-24% on the day. That could be set to change today, as the stock is showing signs of a gap up and possible continued upward momentum this morning.

We’ll be sure to make monitoring the ongoing activity here one of our top priorities for the rest of this week. This may only be the beginning of THC’s rebound off of its recently established new annual lows.

Riot Blockchain, Inc. RIOT

We began tracking RIOT on November 2nd at a low of 6.33, mentioning it three times over the course of the following month. The stock saw a massive run to 21.76, for a serious move of 244%

That was followed up by a pullback to a low of 12.01 on 11/30, and since then the stock has been making a push for those highs once again, yesterday reaching 23.67. That’s an added swing of 97% on top of the previous run we witnessed, and it leaves us interested to see if the stock can re-test and possibly breach the highs off of the previous run.

Extended Watchlist:
HIVE, SPHS, PTI, ECR, SRAX, CRSP

Blue Horseshoe Stocks: CAPR, VYGR, HMNY Recaps & More

Recent Big Winners

We have a large group of updates on previously called plays that we wanted to briefly swing back around and report performance information on this morning:

Voyager Therapeutics, Inc. VYGR – We alerted on VYGR on the 6th of September, witnessing a low of 12.33 and after finishing the rest of the month on a bullish streak, Friday brought a new high of 22.28. That’s a three week swing of 81%, which is fantastic for a stock in this price range.
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Capricor Therapeutics, Inc. CAPR – We signaled our interest in CAPR later on in September,on the 20th. The following day we observed a low of 1.80, and like the above-mentioned play, it never looked back. Friday’s new high of 3.05, represented a 69% increase in just over a week’s time.
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Helios and Matheson Analytics Inc. HMNY – We’ve discussed this one quite a bit recently, also beginning on September 20th. That morning we saw a low of 5.469, and once again, it has been nothing but bullish moves ever since. On Friday the stock hit 14.17, marking a fantastic move of 159% in a little over a week.

Blackberry Ltd. BBRY – Options Recap

We also wanted to provide the final figures on the BBRY options we signaled in Thursday’s premarket report, the BBRY Weekly $9.50 & $10 Calls. Friday’s session brought new highs for both sets.

The final intraweek range on the $9.50 Calls ended up being from .37 to 1.81 for a gain of 389%, while the $10’s breached the ten-bagger mark with an extraordinary run of 1025% from .12-1.35. Even readers who just caught Friday morning’s mention of these plays could still have made single-session profits of up to 103% and 202%, respectively.

Extended Watchlist:
SNCR, ECYT, MNKD, KTOV, ITUS, RIGL, SRAX, JAGX