SRNA Archives - Blue Horseshoe Stocks

Cannabis Stock Explosion in Progress

Aphria, Inc. APHA – Options Recap

Our sole point of focus in terms of fresh options plays in yesterday morning’s premarket report, was a tight range of calls in the APHA chain on the heels of the company’s earning report- the APHA Weekly $10-11 Calls to be exact. Despite a down day for the markets at large, we saw this cannabis stock buck the trend on the strength of increased price targets relating to the company’s impending merger with Tilray, Inc. TLRY, another pot stock with which we’ve had some experience in the past.

The gains on our target contracts for the day yesterday were quite impressive as you’ll see below, but based on the premarket activity we’re observing this morning, we expect the following ranges and total possible gains to explode at the open today. Read on to find the expanded set of targets that we’re going to formulate for APHA for today and into next week.

APHA Weekly $10-11 Calls
$10: .70-2.25 (+221%)
$10.50: .40-1.70 (+325%)
$11: .28-1.20 (+329%)

As we said above, we expect those figures to increase today, and going forward we’re going to add the APHA Weekly $13-14 Calls, and the APHA 01/22 $15 Calls into our pool of tracked contracts. We’ll also include the TLRY Weekly $21-22 Calls just for good measure.

We’re also going to include a wide range of OTC-traded cannabis penny stocks to track below, as the legislative environment is about to shift dramatically toward favorable conditions for federal reclassification, and the business opportunities it will provide should be like nothing we’ve seen to date.

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Fresh Options Idea:
W 02/12 $340-335 Puts

OTC Cannabis Watchlist:
GRNH, TRTC, CNGT, CBMJ, HEMP, SGMD, KALY, GCAN, HMPQ, INQD, MJNA, CCAN, OWCP, UAMM, DKMR, AMMJ, SRNA, BUDZ

Blue Horseshoe Stocks: HAS Recap, Green Rush 2.0

Hasbro, Inc. HAS – Options Idea

Yesterday, after noticing the recording of new 6-month lows on HAS the day prior, coupled with a premarket earnings beat, we signaled a range of options ideas in our report.

Our targeted contracts were the HAS Weekly $79-81 Calls,with the stipulation that if the stock broke the $81-mark, that we’d correspondingly roll up our strike price a level. Based on the activity in HAS, there was literally no wrong answer, as all of the contracts mentioned provided us with a shot at excellent single-session gains.

$79 Calls – Range: 1.50-6.63 – Max Gain: 342%
$79.50 Calls – Range: 1.10-2.92 – Max Gain: 165%
$80 Calls – Range: .83-5.79 – Max Gain: 597%
$80.50 Calls – Range: .62-2.20 – Max Gain: 255%
$81 Calls – Range: .50-5.13 – Max Gain: 926%
$82 Calls – Range: .24-1.25 – Max Gain: 421%

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Fresh Options Idea:

With NFLX beating on earnings yesterday post-market, we’ll signal a range of contracts to watch there as well. We’re particularly interested in tracking the NFLX Weekly $117-120 Calls.

The Start of Green Rush 2.0?

A couple of years ago, when marijuana stocks first began to emerge, and the march toward legalization in many places began, we termed it a ‘Green Rush’. It was a historical few months of exponential gains for anything even remotely tied to the cannabis space.

We’ve never stopped monitoring the sector, which, compared to practically any other, is still in its infancy. Recently, we’ve been reminding our readers to keep a keen eye as well, for if all things remain equal, it’s likely that California will become a recreational marijuana state in just a few week’s time. California is the most populous state in the country, and the proposed bill is more comprehensive than anything we’ve seen in the other states where prohibition laws have been scrapped. The ripple effect from the world’s sixth largest economy legalizing marijuana and its by-products will be significant indeed.

In fact, the effect of the anticipation is already kicking the tires on what could very well be Green Rush 2.0. Out of the top 14 traded stocks on yesterday’s scanner (pictured below) all but one have some link to the pot sector. Every last one of them are stocks that we’ve talked about in the past, and all of them (and more) will be high up on our working watchlist over the next several weeks.

We warned our readers of the first Green Rush before it kicked into full swing back in 2014, and we’ve been doing our best to do the same thing in advance of the forthcoming California vote on Prop 64, which should ultimately prove to be a real game-changer.

The symbols pictured above will also serve as today’s Extended Watchlist, in addition to FLDM, a declining stock that we want to put on bottom watch.

Blue Horseshoe Stocks: GLBS Recap & More

Globus Maritime Ltd. GLBS – Update

GLBS was among the shipping sector plays that we were talking about in Friday morning’s premarket report, and it ultimately ended up being the most interesting one of the bunch. The sector as a whole seemed to be buzzing leading into Friday, and the activity that coincided in the GLBS chart, which made several tradeable swings on the day.

It started from the opening bell when the stock initially ran impressively from .66-1.63 for gains of up to 147% right off the bat. We then observed a pullback whereafter the stock bounced from .95 on up to the high of day at 1.78; that added an 87% rip. Subsequent to that, yet another dip and rip carried from .97-1.41, tacking on another 45% upswing. In total, cumulative single-session gains for GLBS came in at 279% as the stock traded record volume.

We often search for plays with volatility of this magnitude because they can be excellent for quick intraday flips as GLBS demonstrated on Friday. We’ll be interested to see how it establishes itself as things get going this week. More opportunities may be on the horizon.

Bottom Watchlist

The following trio of stocks caught our interest off of our bottom-play scan this morning. In the case of RCPI we’ve got a stock that’s been steadily beaten back into heavily oversold territory, while BIOC and STX have both violently gapped down in recent sessions. We’ll have all three on extended watch for potential bounce-play opportunities.

Rock Creek Pharmaceuticals, Inc. RCPI
Biocept Pharmaceuticals,Inc. BIOC
Seagate Technology Public Ltd. Co. STX

We’ve also included a conglomerate snapshot of all three charts:

Extended Watchlist:
SPOM, SRNA, SRPT, LBSR, GOFF

Blue Horseshoe Stock: EGLE, SFOR Video Recap & More

Eagle Bulk Shipping, Inc. EGLE

We also had a new idea to start the new trading week yesterday morning by spotting and relaying a momentum play that had built a nice looking chart over the preceding sessions, but still appeared to have room to the upside.

A solid performance followed, as our reliance on the bullish indicators on the chart proved to be well-founded. EGLE still had gas left in the tank and responded with a respectable intraday increase of 31% nearly all of which was held into the close.

The stock has taken that head of steam and breached the one dollar barrier in the premarket this morning, so we’ll be very interested to continue monitoring its activity as the market opens up today.

Strikeforce Technology, Inc. SFOR

We were just updating our readers yesterday morning on SFOR, a stock which we introduced to our reports on March 31st at a low of .0007, that had already made impressive gains to the tune of more than 150%

The stock’s single day performance would nearly equal that yesterday, as it bulled its way higher throughout the entire day. It traded up from an early low of .0014 and went on to hit .0034, which worked out to a 143% intraday rip, and came on more than ten times the 3-month average volume.

From our observed low of .0007 from two Thursday’s ago, yesterday’s high translates into an overall 386% move to the upside!

We prepared a video presentation outlining the highlights of both EGLE and SFOR which you can find here:

GEVO, Inc. GEVO

We’ve talked about GEVO in our reports before, and this morning the stock is catching our attention once again after appearing in the news with an exciting revelation.

According to the release “Gevo’s renewable alcohol to jet fuel (“ATJ”) is now eligible to be used as a blending component in standard Jet A-1 for commercial airline use … Gevo’s ATJ is eligible to be used for up to a 30% blend in conventional jet fuel for commercial flight”

In addition to a door swinging open for its ATJ product, GEVO also happens to be in a good place on the chart, so we’ll definitely be putting this stock on intensive watch in sessions to come.

Added Note: Another stock which has begun to trend up off of its bottom is Rex Energy Corp. REXX, which caught a wave of momentum yesterday as it was announced that REXX had entered into a lucrative purchase agreement that will send its natural shale gas to Europe. The stock is gapping up again this morning, so we’ll be placing it our on radars as well.

Extended Watchlist:
MRPI, DEAC, SRNA, HLX, LIFE,

Blue Horseshoe Stocks: LWSP Report & Yesterday’s Winners

Legacy Platinum Group, Inc. LWSP

This morning we have a new play to introduce that recently embarked on a new path into a very trendy market space.

LWSP, through its acquisition of the rights to the complete “Wee-Cig” line of portable herb vaporizers and e-cigarettes from Wee-Cig International Corp., has essentially entered into two fast-growing industries, simultaneously.

Estimates place the value of the electronic cigarette industry at nearly two billion dollars a year. While that figure measures up to just a fraction of the market for traditional cigarettes, the disparity is narrowing as the public becomes more health-conscious, and tobacco smokers look for cleaner ways to consume nicotine.

In addition, because Wee-Cig products function with a variety of materials, folks who make their own herbal smoking blends, and even those living in states where marijuana usage is now legalized, can utilize the Wee-Cig for their own purposes. This expands the potential market for these products even further.

We don’t need to remind you how well stocks that have even a remote connection to cannabis have been faring in 2014. We’re excited to see how LWSP can utilize the influx of interest in cannabis stocks, coupled with its flagship product’s ability to vaporize marijuana; a huge selling point, in our opinion.

The growth potential of the cannabis sector is even greater than that of e-cigarettes, so it’s safe to say that LWSP is in a choice position, with the apparent ability to cater to both markets. To service these markets, there are two current models of Wee-Cigs: The “Wee-C”, and the “Wee-T.”

Both offer the same smoking experience customization; the difference being, that the Wee-C is a re-usable, rechargeable model, while the Wee-T is a disposable model meant to be used, and discarded.

Additionally, on its website, http://weecig.net, the company states that is already researching the next generation of Wee-Cig devices, with specific aim toward innovations like increasing battery life, and developing recyclable parts that will increase the overall life of the products themselves. We’ll be waiting intently for the next update from LWSP on its progress into this new and exciting venture.

We also are looking forward to the completion of LWSP name and symbol change. According to a PR released this morning, the name-change should go into effect on May 16th.

Moving on to the technical side of things:

One of the main aspects that we find attractive about LWSP is its skin-tight share structure. With just 100M shares authorized, and 51.85M outstanding, LWSP is just the type of low-float play that can go up on a breath of air. With stocks structured in this way, just the slightest amount of buying pressure could potentially give rise to substantial upward movement.

We’ve made a few annotations to the following LWSP chart which show just that:

If LWSP were to re-test its previous swing high of .39, it would mean gains in excess of 129% from the current price.

Yesterday’s Winners

We’d also like to take a minute to call attention to the start of another great week. A number of mentions from yesterday fared quite well and offered up nice gain opportunities:

SRNA – Daily Range: 3.00-8.73 – Max Gain: 191%

BIOF – Daily Range: 4.00-7.80 – Max Gain: 95%

PSID – Daily Range: .077-.107 – Max Gain: 39%

WATT – Daily Range: 11.58-16.00 – Max Gain: 38%

TTDZ – Daily Range: .0228-.0275 – Max Gain: 21%