Blue Horseshoe Stocks: JNUG, RAMO & More

Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG)

We’ve been tracking JNUG in the wake of last week’s annual low on the price of gold, and as the price of the precious metal has rebounded it has provided us with a few swing-trade opportunities.

Initially we saw JNUG run from 3.59-4.44 (+24%), and after pulling back slightly to 3.65 yesterday morning, the ETF ran back to 4.40, an intraday increase of 20% on several times the average trading volume.

We expect to witness similar patterns of activity in JNUG as long as the price of gold continues to rebound. We’re looking for it to hold support at or above $1161 (Trading in $1166-range this morning)


Ramoil Management Ltd. RAMO

We want to tag RAMO this morning and add it to our list of cannabis-related stocks; according to a PR we just caught coming over the wires, the company is set to begin clinical testing with both CBD and THC (chemical compounds found in marijuana).

It is conveniently timed with the “major hurdle” that was just cleared with regard to government approval of using cannabis for the treatment of soldiers diagnosed with PTSD. The U.S. Department of Health & Human Services has given its stamp of approval, with the measure only needing DEA clearance before becoming policy. >> Read Article in US Today

LAS VEGAS, Nov. 12, 2014 /PRNewswire/ — RAMOIL MANAGEMENT, Ltd (RAMO) wants to honor and support our veterans by announcing that RAMO Bio-Med, Inc., its wholly owned subsidiary, is beginning with controlled clinical testing of “RAMO CBD” and “RAMO THC” formulas for the treatment of Post Traumatic Stress Disorder, commonly known as PTSD. >> Full PR


Dendreon Corp. DNDN

We’ve been watching DNDN for a bounce opportunity this week, as the stock has been way oversold of late. This morning it appears as if the stock is trying to gap up slightly, so we just want to throw in a reminder that this stock could turn into a hefty bounceplay at any time.


Extended Watchlist:
SWET(News), GEVO, RADA, SUPN, SUSQ, CGG

Blue Horseshoe Stocks: FRTD & Extended Watchlist Winners

Fortitude Group, Inc. FRTD

We’ve discussed FRTD for the majority of this week, beginning on Tuesday. As of yesterday, it has yet to disappoint.

Yesterday, for the third consecutive session, the intraday activity on FRTD provided us with ample opportunity for profits. The stock played out a textbook dip-n-rip pattern coming down from the .0225 open to trade as low as .0156, before bouncing back up to its high-of-day at .0231. That’s an intraday gain of 48% When added to Tuesday’s 122% move, and Wednesday’s 65% move, that brings us to a cumulative total of 235%

Should FRTD manage to hold support at or above the .015-mark, we like our odds of seeing further intraday bounce opportunities from this play.

Fortitude Group, Inc. (PINKSHEETS: FRTD) Introduces a Revolutionary Medical Marijuana Product “MariMist”

ERIE, PA, Feb 28, 2014 (Marketwired via COMTEX) — Fortitude (PINKSHEETS: FRTD) CEO Thomas J. Parilla today announces that the company has entered into a joint venture agreement to obtain the USA production/sales/distribution and licensing rights for a revolutionary medical marijuana product “MariMist” for the use in the care of cancer patients with MariMedical Pharmaceuticals (MMP), a privately held company. Additional clinical applications include the treatment of nausea, anxiety and pain relief.


Yesterday’s Extended Watchlist Winners

Yesterday’s Extended Watchlist looked like a sea of green, as you can see from this end-of-day snapshot of the stock tracker on our website. Every single play closed to the upside, with some making very impressive moves.

The most notable gainers:

BioFuel Energy Corp. BIOF & Pacific Ethanol, Inc. PEIX – These two ethanol favorites of ours have always tended to trend together, and sure enough, both had great sessions. BIOF opened at 2.10 and shot up like a rocket to a high of 4.10, a 95% move. PEIX saw a low of 11.10 before steadily increasing by 35% to a high of 15.02. Both BIOF and PEIX traded huge volume.

E-Commerce China Dangdang, Inc. DANG – Ran 25% from 10.75 to 13.44 on record volume, to the tune of more than 10x its 3-month average. The earnings released yesterday alluded to the company turning a profit for the first time in years. The stock is currently up from yesterday’s close in pre-market trading.

BEIJING, Feb 28, 2014 (SinoCast Daily Business Beat via COMTEX) — E-Commerce China Dangdang Inc. (NYSE: DANG) revealed net profit of CNY 21.7 million in fourth quarter ended December 31, 2013, making profit for the first time since first quarter of 2011. >> FULL PR


Extended Watchlist:
SUSQ, CETV, CLSN, GALE, BLDP, HFCO(Bottom-play w/ news)