Tag: SRCO

Blue Horseshoe Stocks: Friday’s Big Winners & More

Sandridge Energy, Inc. SDOC

SDOC was the focus of our closing thought in Friday’s premarket report, and the direct assumption we made about the likelihood of a rebound proved to be very accurate, to put it mildly. The nature of the premarket activity on the stock led us to believe that a bounce was imminent, as we pointed out, and the ensuing price action was quite impressive.

From an early low of .0339, SDOC soared as high as .085, for an intraday burst of 143%, and the move occurred on very heavy volume of more than 5X the monthly average.

It’s fair to mention that following its recent delisting from the NYSE to OTC, the company issued a statement citing that it cannot guarantee its listing and/or trading status moving forward. (View 8K) Those proceeding with speculation into the stock henceforth should do so with utmost caution.

LegacyXChange, Inc. LEGX

LEGX was another play from Friday’s watchlist to do very well on the day. It ran 68% from a low of .025 up as high as .042 on six times the average volume. It represented a momentary breach of the 200DMA, and the fourth consecutive session of higher highs and higher lows.

This is what we characterize as a low-float play; those stocks with tight share structures such as this one have the ability to make exactly the types of moves we witnessed on Friday when significant buying pressure is applied. We’ll continue to remain interested in LEGX provided it maintains support at or above Friday’s swing low at .025.

Sunshine Biopharma, Inc. SBFM

Last but not least among notable plays from Friday’s morning report is SBFM. We’ve been tracking this stock heavily since December 29th, and have observed it trading as low as .008 following that report. It has been on an epic uptrend since then, and managed to set new highs once again on Friday.

It started out trading as low as .023 and surged as high as .0375 for an intraday run of 63% and an overall move of 369% in the eight sessions since we first mentioned it to our readers. SBFM has achieved higher highs and higher lows in seven of those eight sessions.

As pointed out on the following chart snapshot, we’ll need to see SBFM maintain above its previous swing-low of .023 to hold our attention moving forward.

Extended Watchlist:
SRCO, AGTK, AVXL, APOL, SUNE,

Blue Horseshoe Stocks: FDX, RAS Recaps & More

FedEx Corp. FDX

On Tuesday morning, we had a set FDX options ideas that were among our main focal points. Avid readers will recall that we signaled our interest in Weekly FDX $140-145 Calls, and over the course of the last three days, with the exception of the $140’s, each set of contracts put up noteworthy intraweek swings.

The following trading ranges represent the lows from the day of our initial calls to yesterday’s highs:

$141 Calls – Trading Range: 4.06-12.19  – Max Gain: 200%
$142 Calls – Trading Range: 3.39-14.40  – Max Gain: 325%
$143 Calls – Trading Range: 2.98-11.86  – Max Gain: 299%
$144 Calls – Trading Range: 2.55-10.65 – Max Gain: 318%
$145 Calls – Trading Range: 3.01-11.60 – Max Gain: 285%


RAIT Financial Trust  RAS

We’d also like to update our readers on the progress of RAS since we tagged it as a possible bottom play on Tuesday after noticing it recording new 52-week lows on Monday. The stock has managed to post gains for each of the three sessions since then, meaning that our timing in catching the bottom was essentially flawless.

Our observed low on RAS was 2.30, and it gradually stair-stepped its way to a high of 2.84 yesterday. That marks a steady rise of 23% and a confirmed three-day uptrend, the continued signs of which we’ll be watching for in coming sessions.

Fresh Options Idea –  Blackberry Ltd. BBRY

BBRY is gapping up on earnings beat this morning- Wall Street was expecting a fourteen-cent loss per share and the company only posted a three-cent loss per share. We’ll look to take advantage of the current conditions by looking for a dip-and-rip on BBRY. If things go as we suspect they might, we’ll want to watch Weekly 7.50-8.50 Calls for what could be significant intraday swings today.

Cardinal Resources, Inc. CDNL

We were tracking CDNL at the end of last month and the stock went on to make a nice move of 167%  as it ran from .0225 to .06. After consolidating down to a low of .03 last Tuesday, it has made another nice move to yesterday’s high of .068, another swing of 147%

We’ll keep CDNL on our radars moving forward, watching for the setting of higher highs and higher lows. There still appears to be room for the chart to grow in the near-term.

Extended Watchlist:
MCIG, AXXE, VRSZ, CBIS, SRCO

Blue Horseshoe Stocks: SUNE, DIS Updates & More

SunEdison, Inc. SUNE

We first began mentioning SUNE last month, as we were noticing the stock had been steadily beaten back since midsummer. We placed the stock on bottom-watch and since reaching its ultimate low of 2.55 on November 20th, it has been making steady strides to the upside.

We tagged the stock for more intensive tracking in yesterday’s premarket report, and were met with even more advances. SUNE put forth a modest but solid 15% increase as it traded in a range from 5.65-6.47. From our observed low just a few weeks ago, SUNE has produced an overall increase of 154%  We’ll continue to stay hot on its trail for as long as the bullish trend remains intact.

Options Recap – The Walt Disney Co. DIS

We were able to take advantage of the excitement surrounding DIS yesterday morning by submitting Weekly DIS $112-116 Calls for tracking, and in what seems like it’s become a regular occurrence for us, each and every set of contracts in our specified range made excellent intraday moves.

Here are the gains that were possible during yesterday’s session with these calls:

$112 Calls – Trading Range: 1.25-2.32  – Max Gain: 86%
$113 Calls – Trading Range: .80-1.58  – Max Gain: 98%
$114 Calls – Trading Range: .46-.95 – Max Gain: 107%
$115 Calls – Trading Range: .29-.54 – Max Gain: 86%
$116 Calls – Trading Range: .16-.29 – Max Gain: 81%

More Chatroom Success

Our good friend and chatroom participant, DJ, was up to his old tricks yesterday, entering yet another winning play into the mix.

NUVI was .008 x .009 at the time of DJ’s post (pictured above) and the stock ended up pushing to .0272 for an awesome 240% intraday surge.

Once again, a great example of why its a good idea to participate in our daily trader’s chats. To get involved, just send a Skype request to ‘stocksumo’.

Fresh Options Ideas – AAPL

This morning we’re looking to AAPL for a possible rally; the stock is gapping up and thus we will be looking for a potential dip-and-rip scenario. We are going to want to keep the Weekly $111-113 Calls on watch for today and tomorrow.

In the event AAPL pushes past the $113-mark, we’d of course look to roll up our strike prices to the $114’s and possibly even $115’s, depending on the magnitude of the surge.

Extended Watchlist:
SNGX, CHIT, EFFI, SRCO, VNTH, BTFL