Tag: SRCO

Blue Horseshoe Stocks: Friday’s Movers, New Ideas & More

Friday’s Notable Moves

Each of the following plays exhibited appreciable upswings on Friday afternoon after having appeared in our reports for the day and days prior. We’ll have each of these stocks on watch for the possibility of continued momentum this morning:

Nate’s Food Co. NHMD

NHMD covered the most ground as it traded in a range from .0019-.0035 on Friday, running 84% intraday and closing at the high of day on volume to the tune of well over five times its 3-month average. We’ll certainly have an eye out for further activity as we open things up on this holiday-shortened trading week.

Guided Therapeutics, Inc. GTHP

We latched onto GTHP early last week and would see a nice little two-day run from the stock to finish it out. Our observed low came on Thursday at .0102, which gave way to a subsequent high of .015 on Friday, marking an overnight increase of 47%

Sparta Commercial Services, Inc. SRCO

SRCO was a steady climber on Friday which traversed its way from .0025 to .0031 over the course of the day, which represents a modest yet notable 24% rise. It too qualifies for sustained monitoring as a possible momentum play, having closed at its high mark for the session.

ProGreen Properties, Inc. PGEI 

We want to put PGEI on our radars this morning as well, not only for the momentous session it had on Friday, but also due to the content of the PR released by the company early this morning.

Following up from a release they put out in January, the company announced the completion of a joint venture agreement that puts them on track to develop a 300-acre property of proposed farmland in Baja California, Mexico in time for this year’s growing season. We’ll be interested to follow along for further updates on that project as well as watch the chart for short-term opportunities.

SPDR S&P 500 ETF (SPY) – Options Idea

On Friday the markets enjoyed the biggest single-session rally since 2009. With oil rebounding as well, and the S&P having demonstrated a definitive reversal over the past couple of sessions, we’ll want to start the week off  monitoring some SPY Options. Our target area is going to be the SPY Weekly $188-191 Calls.

Extended Watchlist:
SMFG, PGH, ETE, CSIQ, RMTI, BFGC, GBSN, XBIO,

Blue Horseshoe Stocks: PSID Update, SCTY Recap & More

PositiveID Corp. PSID

Our first order of business this morning is to go back and highlight the significant news from PSID yesterday concerning one of its recently acquired subsidiaries. Our regular readers will certainly recall from our initial report on PositiveID, that the company had completed the acquisition of Thermomedics and its  FDA-cleared Caregiver® non-contact infrared thermometer back in December (>>View PR).

Yesterday it was announced that five new healthcare product distribution firms had been added to its client roster for the Caregiver thermometer. We believe the reason the product has been able to catch on so quickly is largely due to the potential savings it offers healthcare facilities over more traditional thermometer technology. Thermometer covers cost money, and expend resources in their storage and disposal. The Caregiver, being totally non-contact, eliminates the need for covers along with their associated costs.

According to the company, the new agreements will effect “sequential monthly sales growth” and open up “near-term pipeline opportunities” for Thermomedics, which was already producing notable revenue prior to the announcement. This also represents excellent progress in terms of  PSID’s plans for growth in 2016.

SolarCity Corp. SCTY – Options Recap

With so much else to talk about yesterday morning, we had to hold off on congratulating any of our subscribers who caught our red-hot options idea for SCTY Weekly $19-17 Puts in Wednesday morning’s report.

We called for “potential intraday/intraweek swing-trade chances” in those contracts, and as is often the case when we set our sights upon a range of options ideas, every single strike point yielded ridiculously huge gain opportunities. The ranges provided represent Wednesday’s observed lows to yesterday’s closes at the highs-of-day.

$19 Puts – Trading Range: .26-2.35 – Max Gain: 804%
$18 Puts – Trading Range: .16-1.79 – Max Gain: 1018%
$17 Puts – Trading Range:  .06-1.11 – Max Gain: 1750%

Although it was an astonishingly good two-day play, SCTY is rebounding in the premarket today so it’s time to move on from this particular idea. Still, cheers to anyone who got in on the fun while it lasted! 

Extended Watchlist:
SRCO, HJOE, NHMD, MXSG

Blue Horseshoe Stocks: Momentum Play, Options & More

Shark Reach, Inc. SHRK

We’re going to be tagging SHRK for observation as a momentum mover this morning after noticing the huge activity in the stock yesterday. It came in conjunction with an article that Forbes ran about the company and its “influencer marketing” strategies. (>>View Article).

Many of our readers will have been aware of the marketing campaign that accompanied the theatrical release of the movie Straight Outta Compton, which was orchestrated by SharkReach. They promised Universal Pictures 7 million impressions and delivered more than 130 million, thanks in large part to the graphical memes that gained viral popularity for a period of months leading up to and following the film’s debut.

The rapid growth into a major player in less than three years of business definitely puts the company on our radar long term, but for the time being, there may be some short-term advantage to press with SHRK. We’ll look for profit-takers to surface after the stock’s rapid and meteoric rise, and be ready for a classic dip-and-rip scenario.

Facebook, Inc. FB – Options Ideas

With regard to a fresh options trading idea, we’re going to be watching Facebook for a possible move to the short side. The stock recently made a run that proved unsustainable, and the chart is looking rather toppy at the moment with a significant gap to fill to the low side.

For potential daytrading and intraweek swing-trade ideas we will be monitoring the Feb 5th $113-110 Puts. For a longer-term idea, assuming more hardship lay ahead for the stock, we’ll want to keep an eye on Feb 19th $109-105 Puts.

Extended Watchlist:
VLTC, VPLM, VTNR, DNR, CNAT, SRCO, ROYL, PSID