10-23-2014 Trading Journal

After a good rest, the bull marched onward.

SPY_Daily

Price is now above the 89 MA line.  It needs to go higher to take out the 79 MA line.

Today, I bought back $AMRN but missed $INFN. I did not want to chase a higher open ($INFN) and had waited for a retracement that never came.

However, my two largest positions were doing fantastic- $LRAD and $DMRC.

Below is the $DMRC daily chart:

DMRC_daily

Price finally broke out of resistance that began in early August.  By doing so, price also took out the 79 & 89 MA lines.  Chart looks very good for a continuing rally from here.

$LRAD also took off from support.

LRAD_daily

Price bounced off from the 79 & 89 MA lines and took out the 15 MA line as well.  All is waiting for the large order of the mass notification system from one or two of the Middle East cities.  When good news come, this one will pop hard.

What can I say, I missed this beautiful gap up $INFN trade.

INFN_daily

By not chasing it in the morning, I missed the follow-thru run.  Instead I went to buy $NUGT again and got stopped out.  Thinking back, the risk of chasing $INFN may be less risky than catching a falling knife on $NUGT.  I need to remember this lesson next time.

$ORBC was disappointing today ’cause it went down.  $AMRN was practically breakeven although it dropped slightly.

Thanks to $LRAD and $DMRC, my port gained back 3.7% today with YTD gain at 8.3%.

Current holdings:

LRAD, DMRC, ORBC, AMRN and 9.8% cash.

From my other account:

I added a bit more $MCIG.

MCIG_daily

Price is beginning to form a bottom with an inclination to move higher.

My 2 cents.

10-22-2014 Trading Journal

The bull bumped its head on the 89 MA line and fell back down.

SPY_Daily

After three days of continuing up day, it’s about time to take a much needed rest.

Meanwhile I made two “not too keen” decisions.  I sold out of $AMRN and $INFN after the market opened.  I got a bad feeling about the market and felt that I needed to raise some cash.  I started off selling only 50% of $AMRN but ended up selling the whole load.  With $INFN, I researched market reaction to its previous earning calls and found out that more than 50% of the time, the price ended up reacting negative afterward.  Thus, I decided to play safe and sold at the open to avoid the risk.  My previous experience in giving back a sizeable gain from $CERS earning announcement is still fresh in my mind.  Another factor that made it easy for me to close out $INFN position is that I’ve not invested enough due diligence to understand its business the way I’d done with $LRAD, $DMRC, and $ORBC.

As if I was being punished, $AMRN spiked up to $1.10 after I sold and $INFN forward guidance resulted in higher price in after hour.  Oh well… I can’t hit the jackpot every time.  I may try to buy back in $INFN or $AMRN tomorrow.

I’m very satisfied with $DMRC progress per the earning conference call.  Regardless of price action either way, I’m holding my shares.  In a nutshell, one retailer is already in “production” with their Digimarc barcode and they are getting more retailers and major brands knocking on their door.  Their induction into GS1 partnership definitely helps grease the wheels so to speak.  If you need more information, you can read it from here.

Oh yeah, I doubled-down again on $NUGT with a tight stop and it was hit along with my original stop as well.  Basically, I’m now flat on $NUGT.  What more can I say?  This bottom fishing did not work out.

With more cash available, I couldn’t help but added a bit more to $LRAD.

With all stocks down today, my port gave back 2.5% with YTD gain at 4.6%.

Current holdings:

LRAD, DMRC, ORBC, and 17.7% cash.

From my other account:

I was tempted to add more $MCIG but decided against it.  It was struggling today but still closed decently.

MCIG_daily

Daily chart still shows a potential to bounce from here.

My 2 cents.

 

10-21-2014 Trading Journal

Whoof!  The sudden movement went right pass your eyes and you could barely made out the shadow.  The gust of wind smashed your face with such force you had to find out what was moving so fast.  You took out your binocular and saw the horn of the bull before it disappeared into the horizon.

SPY_Daily

Up, up and away. And the bear finally lost its grasp…

Today, $LRAD, $DMRC, and $INFN went along with the general market.

$DMRC cautiously closed higher.

DMRC_daily

Price is at a very critical crossroad.  It is only a stone throw of crossing over the 79 & 89 MA lines. These MA lines are also happened to be at the resistance line of $25.4x that began all the way from early August.  Thus, a break out from here will signify a powerful rally ahead.  If not, it will fall back down.  Tomorrow after market close is the time when the fat lady sings.

$INFN also closed higher.

INFN_daily

The bounce is strong but price is now at the Fib 61.8% retracement from the recent down trend.  $INFN is also reporting tomorrow after hour.  The prospect of getting two surprises tomorrow makes it a special event day- one that will impact my port one way or the other.  I’m leaning on the positive side, of course.

I got slapped by $NUGT today.  Price went higher after open and I double-down expecting it to hold steady or go up.  Instead it came back down to hit my stop for the new add.  At the close, I’m still holding my original position with the GTC hard stop still intact.

Anyhow, thanks to the three positive closings, my port gains another 1.4% with YTD gain at 7.1%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT, and 2.8% cash.

From my other account:

I decided to buy $MCIG as my way to get back into the cannabis/eCig sector.  I like $MCIG for both technical and fundamental reason.  Fundamentally speaking, mCig announced it has executed a landmark distribution agreement for VitaCig covering South Korea.  To me, this is very big in term of getting a strong push in promoting its VitaCig ecigeratte. Per news release, this may be the first of the many international deals in the near future.  I’ve reason to believe mCig may eventually become a main stream player with its popular VitiCig.  Why do I say that?

Well, I actually ordered the Viticig and gave it a try.

I couldn’t believe the amount of vapor (look like smoke) I could blow out from the tiny eCig.  I shared it to others and they all loved it.  And not only that, the price is quite right ’cause it is very affordable.  So, with proper marketing, VitiCig can hit the mother lode.

Technical speaking, the bounce today with high volume is a good sign that a bottom is settling in.

MCIG_daily

See how the 5 MA is turning up as well as the momentum indicators.

My 2 cents.

 

10-20-2014 Trading Journal

 

The bull made another push against the bear and gained another foot of movement…

SPY_Daily

At least, the bull now emerged out of the rectangular box.  Now it needs to overcome the resistance from the previous low established back in August.  We will know tomorrow if this resistance can be broken to the upside.  If not, back to the box it will be.

Today was almost a neutral day for my port with two slightly down ($LRAD, $DMRC), three up ($ORBC, $INFN, $NUGT), and one even ($AMRN).

I was fortunate that my $NUGT did not get stopped out at the open.  In fact, price opened higher and spent the rest of the day continued upward.

NUGT_daily

From the daily chart above, the rally today only put the price back into the consolidation range.  In other words, price is still basing and there is no inclination of a breakout just yet.  However, notice that the 5 and 15 MA lines are now converging and it is possible that another up day will make the 5 to cross over the 15.  Thus, if there is another up day tomorrow, I may add to the $NUGT position.

$INFN rallied nicely to maintain a bullish stance.

INFN_daily

Notice that the 5 has crossed over the 15.  Price action looks good for a continuing rally.

$LRAD managed to rally back to close at “almost” breakeven.

LRAD_daily

Notice that price is still hanging around the 79 & 89 MA lines.  I’m still very bullish with this one and anyone who sold has allowed the short-term traders to influence their conviction of the trade.  Not me, I’m hanging on to all my shares waiting for the big rally that is still simmering underneath the earth waiting to explode.

$DMRC’s judgement day may be this Wednesday.  Will the earnings call reveal the big retailer(s) who is/are testing the Digimarc barcode?  If so, do they love it?  Any positive news will move the price higher; however, another “we are not allow to disclose the name of the retailer yet” update will stall the advance unless it is qualified with a comment that they like what they’ve seen so far.

Thanks to $NUGT, $ORBC, and $INFN, my port gained 0.3% today with YTD gain at 5.7%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT, and 3.5% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

10-17-2014 Trading Journal

The bear didn’t have a chance.  The bull simply dragged the bear along in its pursue of height.

SPY_Weekly

The above is the weekly chart.  See how it ended the week escaping the tan rectangular box?  While it didn’t close above the box, it was definitely good enough to call it a win for the bull.

While the market was up, my port had a minor correction which was to be expected after it had defied gravity for most of the week.

I sold $KNDI in the morning when I still had profit to take.  I didn’t like the high open and then a sell-off afterward.  I also bought some $NUGT for bottom-fishing with a GTC hard stop below the lower bollinger band from the daily chart.  I wasn’t stop out by day close.

$LRAD and $AMRN were even for the day with $DMRC, $ORBC, $INFN, and $NUGT closing in the negative territory.

Below are the weekly chart which show more bullish tone except for $AMRN and $NUGT which are more on the fences.

$LRAD weekly chart below::

LRAD_weekly

I like the fact that price closed above the middle line of the long-range Andrew’s Pitchfork (purple lines).

$DMRC weekly chart below:

DMRC_weekly

This week bar completely recovered from last week red bar. Now it just needs to get over the 79 & 89 MA lines to begin the bull move.

$ORBC weekly chart below:

ORBC_weekly

It was a strong green bar above the 79 & 89 MA lines.  Breaking out of $7 resistance will be the next target.

$INFN weekly chart below:

INFN_daily

While I was late going in, this weekly bar looks strong for continuing upward momentum.  Price is also above the 79 & 89 MA lines.

$AMRN weekly chart below:

AMRN_weekly

Price was neutral at the bottom.  Price needs to stay above $1 for survival sake.

$NUGT weekly chart below:

NUGT_weekly

What more can I say, it is a catch-the-falling-knife play with a hard stop.  The reason why I decided to play this one is because of last week “almost” doji bar. It could mean a possible bottom. If it bounces from here, I’ll be OK; if not, I’ll be stopped out for sure.

Due to some minor corrections from $DMRC and $ORBC, my port gave back 1.2% for the day with YTD gain at 5.39%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT and 3.6% cash.

I noticed that $IBIO went higher today to close above $3.  While I did not take the trade, I’m happy for those who is sitting on profit.  I’m quite content with the money I made off from $IBIO and was “relieved” to be free from it.  To get back in will cause me to stress out about giving back gain I’ve made.  $IBIO is currently floating on air based on nothing more than their IP portfolio.  Any news of containment of the Ebola over the weekend will cause a gapped down situation in Monday morning.  I for one will certainly wish that this deadly Ebola will be contained over the weekend.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

10-16-2014 Trading Journal

The greedy bear made one last pull and took the bull down at the open; but the bull had enough of the BS and climbed back up with such brute force that the bear could not stop the advance no matter how hard it tried.

SPY_Daily

Price climbed back up in the middle of the tan area which was good.  It also didn’t take out yesterday low which was double-good.  Now, the bull is set up to move higher; but it needs to take out today and yesterday high first.

Today, all positions on board are in green.  I dropped $CERS and bought $INFN and $KNDI.  I also added to $AMRN.

$LRAD finally made a small bounce.  At this point, any bounce is good.

LRAD_daily

Price did take out yesterday high so I believe we may see a bottom here.

$DMRC continued to surge ahead.

DMRC_daily

Price is now touching the 79 & 89 MA lines which are also converging into one.  I believe price will simply walk pass this magical lines tomorrow and rally hard in anticipating of next week earnings call.

$ORBC, like $DMRC, has been rallying hard this week despite general market turmoil.

ORBC_daily

Price is now gunning for $7 resistance.

$AMRN finally broke out of $1 resistance!

AMRN_daily

I’m glad I added more in the morning.  As you can see in the chart, price is forming a smooth slow curve heading back up.  It will probably be a slow grinding up from here.

I bought $INFN today for the bounce up. I had bought $INFN in the past but got out too early and missed the rise to $11+ from my 9ish entry point.  Now, I see an opportunity to get back in.

INFN_daily

Price continued to bounce off the 79 & 89 MA lines.

$KNDI bounced hard after opening lower.

KNDI_daily

Seeing price took out the opening range, I decided to buy some shares to see if this has leg.

Thanks to all six stocks going up, my port gained 2.4% today and YTD gain at 6.6%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, KNDI and 2.8% cash.

From my other account:

With DOW opened negative and $KNDI opened lower, I decided to close $KNDI position while I still had some gain left.  Turned out it was not a good move hindsightwise.  However, this mishap was more than offset by my “another” fortune of $IBIO gapping up after I got in yesterday at $1.30+.  Without hesitation, I sold at the open to lock in gain once again.  Although I did not buy as much as before, i still enjoyed the gain.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

10-15-2014 Trading Journal

The bull, apparently suffered from vertigo, fell over backward and then rolled down the hill.  After vomiting out yesterday’s digestion due to the spinning sensation, it felt a bit better and was able to crawl back up some.

SPY_Daily

It was an ugly day but yet a redeeming one as well.  The price stayed inside the tan rectangular box and was a green bar that reflected the tenacity of the bull.  There may still be hope for the bull.

I’d another fortunate day.  While $LRAD went down quite heavy in the day, it managed to come back to minimize the damage.

LRAD_daily

That was a very nice long-tail doji with price closing very near the 79 MA.  If price can take out the high of today bar, it will be a very powerful bullish reversal signal.  In other words, $LRAD may find its bottom today.

Meanwhile, three of my other stocks closed higher for the day despite a down market.

$ORBC had a spectacular price momentum today.  You would think that there were no large market down day just by looking at $ORBC daily chart.

ORBC_daily

Price obviously cut thru the 79 & 89 MA lines like hot knife thru butter. Imagine where price will go when the general market begins the bull run again.  Something is cooking at $ORBC and I don’t know what it is.  But I don’t mind it ’cause I’m always bullish with their brand new state-of-the-art M2M satellites they have launched with more to launch by year-end.

$DMRC continued on higher which was quite a performance in a down day considered it was a low float stock that was easy to be manipulated.

DMRC_daily

As you can see, price is approaching the 79 & 89 MA lines.

$CERS is finding its footing giving current virus and baterial infectious climate.

CERS_daily

Price actually filled the gap and bounced back up which is a good sign for the bull.

$AMRN was the second stock that was closed negative; but it was a small dip so I’m not going to put a chart on it.

Thanks to stellar performance from $ORBC and $DMRC, the gains were more than enough to offset $LRAD’s drawdown to still bring my port up by 0.5% higher.  YTD gain is now at 4.2%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.3% cash.

From my other account, I bought back a small (10% of original size) number of $IBIO for the bounce.  I also bought some $KNDI to test the water.  Both are in the black after closing bell.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

10-14-2014 Trading Journal

The market really tried hard to rally; unfortunately, it went out of mojo to maintain altitude.

SPY_Daily

While price gave back most of the gain during the day, it at least closed higher.

Today, four out of five went up.  It was $LRAD that closed negative.

LRAD_daily

Nevertheless, price is finding support at the 79 & 89 MA lines.

$DMRC continued to head higher in anticipating of next week earning conference call.  Will the big retailers’ name be revealed?  Do they like the Digimarc barcode?

DMRC_daily

If price can take out the 79 & 89 MA lines to the upside, we are heading higher.  And if there are positive news regarding the big retailers, we will see a rocket launch soon due to the fact that $DMRC has a super small float of only 6+ million shares.

$ORBC also had a good day with strong momentum behind it.

ORBC_daily

Price broke out of its tight consolidation and approached the 79 & 89 MA lines to the touching point. Will it simply walk over the lines tomorrow?

$CERS had a spike up day.

CERS_daily

Price is now on top of the 79 & 89 MA lines.  If it can find support on these two lines, it will be in good shape.

Thanks to four stocks being up, my port, after offsetting $LRAD drawdown, still came out with a 1.4% gain for the day.  YTD gain is now at 3.7%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.3% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

10-13-2014 Trading Journal

And the bear kept on dragging down the bull…

SPY_Daily

Price is now in the neutral zone (the tan rectangular box).  This is the same area the market struggled b/w March and June before breaking out to the upside.  I didn’t like the fact that the double bottom couldn’t hold.

I was curious about how $IBIO would open.  I was pleasantly surprised that pre-market was up $1.30 (88%).

“Take the money!” I shouted at myself.

Then I realized I could not get out even if I wanted to ’cause my cash account does not allow pre-market or after-hour trading.  So, I crossed my finger hoping the pre-market high would hold thru the opening bell.  No such luck.

Then I had to witness the falling prices (from $2.7x to below $2.3x) in the last five minutes before the opening bell.

“Take the money anyway”  I told myself.

So I put the market order in and sold the rest of my $IBIO at the open.

Why didn’t I wait?

That was because I’d seen too many times where price gapped up and then would spend all day falling back down.  I decided to take the money and saved myself the grief and anxiety of worrying about giving back profit when I wasn’t looking.  I actually felt a sense of relief after taking profit.  In biotech, there is no telling when price will turn on a dime and simply take away your paper gain in a NY minute.  I’ve overstayed too many times and experienced enough vanishing profit to appreciate a generous gift when it appeared without notice.  Sure, price may continue higher but I leave it to those who can bear the pressure.

IBIO_daily

That was a really nice gap up.  Let’s just hope there is no gap down tomorrow for the sake of those who are still holding.

Today, four out of six positions went up. Unfortunately, $LRAD was not able to maintain gain in the last hour market avalanche.

$CERS finally turned green so I didn’t need to cut losses.  $DMRC and $ORBC were able to maintain most of its gain for the day despite the market waterfall.

The gains from $IBIO, $DMRC, $ORBC, and $CERS were able to offset $LRAD drawdown and still  have a gain of 2.2% for the day with YTD gain at 2.3%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.5% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

10-10-2014 Trading Journal

The bear wasn’t done yet and the bull could not climb against a slippery slope.

SPY_Daily

Nevertheless the bull may have a resting place to pause and possibly to bounce as well.  Notice that price today closed right at the August low which is now a support or a double-bottom.  There is a 50/50 the bull may bounce next week.

With fortune blessing, I’d a good day today.  It all started with my attention on $IBIO yesterday.  A small voice in the back of my head said, “Hey, load back $IBIO at 70 cents with the cash you got from selling $KNDI and $CERS.”

But I wasn’t ready to load up on a hi-beta biotech stock in the middle of a down day when my port was getting hammered.  So I passed.  But when I noticed that $IBIO opened higher (> 90 cents) this morning, I checked for news and there were none.  Then I checked for the latest Ebola news to see if this virus had been contained.  It is not.  The guy in Texas died.

“Somebody knows something?” I thought to myself.

I waited a minute or two after the open to see if price would sell back down below 90 cents.  Nope.  Then price started to move to 95, 96, 97 in succession.

That is!  I’m going in.

I started buying ’cause my intuition told me price was going to break out $1 very soon.  Resistance developed around 99 cents but I didn’t care, I just kept buying to build my position up.  After I built up to 50% of my original size.  I stopped.  I thought of adding since I still had plenty of cash left.  Then my cautious side told me to spread it to other biotech such as $CERS and $AMRN.  $CERS was bouncing in the morning so I bought back what I sold.  $AMRN was holding strong at 99 cents to a dollar so I checked the script number for the week.  It was up so I bought back in at a dollar.  If script number can climb over 10,000 per week soon, $AMRN at a dollar is a steal.

$IBIO busted out over $1 after I bought what I needed.  It went as high as $1.16 before falling back down to my entry point.

“Get out at breakeven?” I asked myself.

“Nah, hold on.  Remember this is a cash account, once you get out, you can’t jump back in until a few days later.”

“Ok then. Let’s hold a bit longer,”

Then I got busy with other non-trading business.  Lucky thing I did ’cause price went back above $1 and then fell back down to $1 for the 2nd time in the afternoon.  If I was watching, I might be tempted to get out at breakeven giving the general market was fighting to stay positive at the same time.

When I finally get back to watching the market an hour before the closing bell.  I couldn’t believe my eyes.  $IBIO was climbing  and climbing.  By the time it started to correct after trading to the high of $1.39, I was very tempted to sell some to lock in profit.  My finger was at the mouse button ready to push.  Seeing that the general market was literally falling apart, I clicked the mouse button and 50% of my position I bought this morning was let go.  And so I thought I did good.

“Holly Molly!”

Price began to climb again.

I looked at $CERS and it was down.  “Darn, if I bought more $IBIO instead of $CERS, that would be very nice…”

Yeap, like everyone, sometimes I did get infected with the hindsight bug as well.  ”Could’ve, should’ve” started invading my mind.  I reminded myself that I was lucky to have the other 50% which represents 25% of my original position.  Meanwhile, all the time, I was mindful that $LRAD was trading in the positive territory most of the day.  I gave my thanks for a fortunate day while partly ignorant that the Nasdaq dropped like a rock to end the week since I was so focused on the after hour trading of $IBIO which traded to a high of $1.91.  Wow!

IBIO_weekly

I’m posting the weekly chart of $IBIO ’cause this is the only way to appreciate the magnitude of the move today.  “If I could be holding my original size all the way…”  Oop! The hindsight bug struck again.  In retrospect, I did what I had to do giving the overall market sentiment.  I already had three long-term hold so locking in profit on a hi-beta biotech stock was the proper thing to do.  Moving on.

I’m thankful for the $LRAD bounce today.

LRAD_daily

See how price actually bounced off the 79 & 89 MA lines?

Giving the severeness of Nasdaq drop today, $ORBC actually was holding well despite being a negative for the day.

ORBC_weekly

Per the weekly chart, price was holding well on the 79 & 89 MA lines.

Although $DMRC was down today, it did not make new low like a lot of tech stocks out there.

DMRC_weekly

From the weekly chart above, you can see that price only gave back some of last week gain.  The action of $IBIO reminds me that as long as the stock has a strong binary event that if positive can move price the way $IBIO did today.  I’ve the conviction and confidence that the big retailers will adopt the Digimarc barcode system simply because of the efficiency factor.  If that positive decision is to materialize, $DMRC will move the way $IBIO did today; perhaps even more stronger.

$CERS was a bad trade today and I should have cut the losses when it didn’t bounce.  I’m going to see what happen on Monday before deciding what to do with it.

Thanks to stellar gain on $IBIO and the bounce from $LRAD, my port gained back 2.9% which put my YTD gain at 0.1%.  In other words, I’m back to breakeven.   Btw, this calculation did not account for after hour gain on $IBIO.

Current holdings:

LRAD, DMRC, ORBC, IBIO, CERS, AMRN and 4% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

10-23-2014 Trading Journal

After a good rest, the bull marched onward.

SPY_Daily

Price is now above the 89 MA line.  It needs to go higher to take out the 79 MA line.

Today, I bought back $AMRN but missed $INFN. I did not want to chase a higher open ($INFN) and had waited for a retracement that never came.

However, my two largest positions were doing fantastic- $LRAD and $DMRC.

Below is the $DMRC daily chart:

DMRC_daily

Price finally broke out of resistance that began in early August.  By doing so, price also took out the 79 & 89 MA lines.  Chart looks very good for a continuing rally from here.

$LRAD also took off from support.

LRAD_daily

Price bounced off from the 79 & 89 MA lines and took out the 15 MA line as well.  All is waiting for the large order of the mass notification system from one or two of the Middle East cities.  When good news come, this one will pop hard.

What can I say, I missed this beautiful gap up $INFN trade.

INFN_daily

By not chasing it in the morning, I missed the follow-thru run.  Instead I went to buy $NUGT again and got stopped out.  Thinking back, the risk of chasing $INFN may be less risky than catching a falling knife on $NUGT.  I need to remember this lesson next time.

$ORBC was disappointing today ’cause it went down.  $AMRN was practically breakeven although it dropped slightly.

Thanks to $LRAD and $DMRC, my port gained back 3.7% today with YTD gain at 8.3%.

Current holdings:

LRAD, DMRC, ORBC, AMRN and 9.8% cash.

From my other account:

I added a bit more $MCIG.

MCIG_daily

Price is beginning to form a bottom with an inclination to move higher.

My 2 cents.

10-22-2014 Trading Journal

The bull bumped its head on the 89 MA line and fell back down.

SPY_Daily

After three days of continuing up day, it’s about time to take a much needed rest.

Meanwhile I made two “not too keen” decisions.  I sold out of $AMRN and $INFN after the market opened.  I got a bad feeling about the market and felt that I needed to raise some cash.  I started off selling only 50% of $AMRN but ended up selling the whole load.  With $INFN, I researched market reaction to its previous earning calls and found out that more than 50% of the time, the price ended up reacting negative afterward.  Thus, I decided to play safe and sold at the open to avoid the risk.  My previous experience in giving back a sizeable gain from $CERS earning announcement is still fresh in my mind.  Another factor that made it easy for me to close out $INFN position is that I’ve not invested enough due diligence to understand its business the way I’d done with $LRAD, $DMRC, and $ORBC.

As if I was being punished, $AMRN spiked up to $1.10 after I sold and $INFN forward guidance resulted in higher price in after hour.  Oh well… I can’t hit the jackpot every time.  I may try to buy back in $INFN or $AMRN tomorrow.

I’m very satisfied with $DMRC progress per the earning conference call.  Regardless of price action either way, I’m holding my shares.  In a nutshell, one retailer is already in “production” with their Digimarc barcode and they are getting more retailers and major brands knocking on their door.  Their induction into GS1 partnership definitely helps grease the wheels so to speak.  If you need more information, you can read it from here.

Oh yeah, I doubled-down again on $NUGT with a tight stop and it was hit along with my original stop as well.  Basically, I’m now flat on $NUGT.  What more can I say?  This bottom fishing did not work out.

With more cash available, I couldn’t help but added a bit more to $LRAD.

With all stocks down today, my port gave back 2.5% with YTD gain at 4.6%.

Current holdings:

LRAD, DMRC, ORBC, and 17.7% cash.

From my other account:

I was tempted to add more $MCIG but decided against it.  It was struggling today but still closed decently.

MCIG_daily

Daily chart still shows a potential to bounce from here.

My 2 cents.

 

10-21-2014 Trading Journal

Whoof!  The sudden movement went right pass your eyes and you could barely made out the shadow.  The gust of wind smashed your face with such force you had to find out what was moving so fast.  You took out your binocular and saw the horn of the bull before it disappeared into the horizon.

SPY_Daily

Up, up and away. And the bear finally lost its grasp…

Today, $LRAD, $DMRC, and $INFN went along with the general market.

$DMRC cautiously closed higher.

DMRC_daily

Price is at a very critical crossroad.  It is only a stone throw of crossing over the 79 & 89 MA lines. These MA lines are also happened to be at the resistance line of $25.4x that began all the way from early August.  Thus, a break out from here will signify a powerful rally ahead.  If not, it will fall back down.  Tomorrow after market close is the time when the fat lady sings.

$INFN also closed higher.

INFN_daily

The bounce is strong but price is now at the Fib 61.8% retracement from the recent down trend.  $INFN is also reporting tomorrow after hour.  The prospect of getting two surprises tomorrow makes it a special event day- one that will impact my port one way or the other.  I’m leaning on the positive side, of course.

I got slapped by $NUGT today.  Price went higher after open and I double-down expecting it to hold steady or go up.  Instead it came back down to hit my stop for the new add.  At the close, I’m still holding my original position with the GTC hard stop still intact.

Anyhow, thanks to the three positive closings, my port gains another 1.4% with YTD gain at 7.1%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT, and 2.8% cash.

From my other account:

I decided to buy $MCIG as my way to get back into the cannabis/eCig sector.  I like $MCIG for both technical and fundamental reason.  Fundamentally speaking, mCig announced it has executed a landmark distribution agreement for VitaCig covering South Korea.  To me, this is very big in term of getting a strong push in promoting its VitaCig ecigeratte. Per news release, this may be the first of the many international deals in the near future.  I’ve reason to believe mCig may eventually become a main stream player with its popular VitiCig.  Why do I say that?

Well, I actually ordered the Viticig and gave it a try.

I couldn’t believe the amount of vapor (look like smoke) I could blow out from the tiny eCig.  I shared it to others and they all loved it.  And not only that, the price is quite right ’cause it is very affordable.  So, with proper marketing, VitiCig can hit the mother lode.

Technical speaking, the bounce today with high volume is a good sign that a bottom is settling in.

MCIG_daily

See how the 5 MA is turning up as well as the momentum indicators.

My 2 cents.

 

10-20-2014 Trading Journal

 

The bull made another push against the bear and gained another foot of movement…

SPY_Daily

At least, the bull now emerged out of the rectangular box.  Now it needs to overcome the resistance from the previous low established back in August.  We will know tomorrow if this resistance can be broken to the upside.  If not, back to the box it will be.

Today was almost a neutral day for my port with two slightly down ($LRAD, $DMRC), three up ($ORBC, $INFN, $NUGT), and one even ($AMRN).

I was fortunate that my $NUGT did not get stopped out at the open.  In fact, price opened higher and spent the rest of the day continued upward.

NUGT_daily

From the daily chart above, the rally today only put the price back into the consolidation range.  In other words, price is still basing and there is no inclination of a breakout just yet.  However, notice that the 5 and 15 MA lines are now converging and it is possible that another up day will make the 5 to cross over the 15.  Thus, if there is another up day tomorrow, I may add to the $NUGT position.

$INFN rallied nicely to maintain a bullish stance.

INFN_daily

Notice that the 5 has crossed over the 15.  Price action looks good for a continuing rally.

$LRAD managed to rally back to close at “almost” breakeven.

LRAD_daily

Notice that price is still hanging around the 79 & 89 MA lines.  I’m still very bullish with this one and anyone who sold has allowed the short-term traders to influence their conviction of the trade.  Not me, I’m hanging on to all my shares waiting for the big rally that is still simmering underneath the earth waiting to explode.

$DMRC’s judgement day may be this Wednesday.  Will the earnings call reveal the big retailer(s) who is/are testing the Digimarc barcode?  If so, do they love it?  Any positive news will move the price higher; however, another “we are not allow to disclose the name of the retailer yet” update will stall the advance unless it is qualified with a comment that they like what they’ve seen so far.

Thanks to $NUGT, $ORBC, and $INFN, my port gained 0.3% today with YTD gain at 5.7%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT, and 3.5% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

10-17-2014 Trading Journal

The bear didn’t have a chance.  The bull simply dragged the bear along in its pursue of height.

SPY_Weekly

The above is the weekly chart.  See how it ended the week escaping the tan rectangular box?  While it didn’t close above the box, it was definitely good enough to call it a win for the bull.

While the market was up, my port had a minor correction which was to be expected after it had defied gravity for most of the week.

I sold $KNDI in the morning when I still had profit to take.  I didn’t like the high open and then a sell-off afterward.  I also bought some $NUGT for bottom-fishing with a GTC hard stop below the lower bollinger band from the daily chart.  I wasn’t stop out by day close.

$LRAD and $AMRN were even for the day with $DMRC, $ORBC, $INFN, and $NUGT closing in the negative territory.

Below are the weekly chart which show more bullish tone except for $AMRN and $NUGT which are more on the fences.

$LRAD weekly chart below::

LRAD_weekly

I like the fact that price closed above the middle line of the long-range Andrew’s Pitchfork (purple lines).

$DMRC weekly chart below:

DMRC_weekly

This week bar completely recovered from last week red bar. Now it just needs to get over the 79 & 89 MA lines to begin the bull move.

$ORBC weekly chart below:

ORBC_weekly

It was a strong green bar above the 79 & 89 MA lines.  Breaking out of $7 resistance will be the next target.

$INFN weekly chart below:

INFN_daily

While I was late going in, this weekly bar looks strong for continuing upward momentum.  Price is also above the 79 & 89 MA lines.

$AMRN weekly chart below:

AMRN_weekly

Price was neutral at the bottom.  Price needs to stay above $1 for survival sake.

$NUGT weekly chart below:

NUGT_weekly

What more can I say, it is a catch-the-falling-knife play with a hard stop.  The reason why I decided to play this one is because of last week “almost” doji bar. It could mean a possible bottom. If it bounces from here, I’ll be OK; if not, I’ll be stopped out for sure.

Due to some minor corrections from $DMRC and $ORBC, my port gave back 1.2% for the day with YTD gain at 5.39%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT and 3.6% cash.

I noticed that $IBIO went higher today to close above $3.  While I did not take the trade, I’m happy for those who is sitting on profit.  I’m quite content with the money I made off from $IBIO and was “relieved” to be free from it.  To get back in will cause me to stress out about giving back gain I’ve made.  $IBIO is currently floating on air based on nothing more than their IP portfolio.  Any news of containment of the Ebola over the weekend will cause a gapped down situation in Monday morning.  I for one will certainly wish that this deadly Ebola will be contained over the weekend.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

10-16-2014 Trading Journal

The greedy bear made one last pull and took the bull down at the open; but the bull had enough of the BS and climbed back up with such brute force that the bear could not stop the advance no matter how hard it tried.

SPY_Daily

Price climbed back up in the middle of the tan area which was good.  It also didn’t take out yesterday low which was double-good.  Now, the bull is set up to move higher; but it needs to take out today and yesterday high first.

Today, all positions on board are in green.  I dropped $CERS and bought $INFN and $KNDI.  I also added to $AMRN.

$LRAD finally made a small bounce.  At this point, any bounce is good.

LRAD_daily

Price did take out yesterday high so I believe we may see a bottom here.

$DMRC continued to surge ahead.

DMRC_daily

Price is now touching the 79 & 89 MA lines which are also converging into one.  I believe price will simply walk pass this magical lines tomorrow and rally hard in anticipating of next week earnings call.

$ORBC, like $DMRC, has been rallying hard this week despite general market turmoil.

ORBC_daily

Price is now gunning for $7 resistance.

$AMRN finally broke out of $1 resistance!

AMRN_daily

I’m glad I added more in the morning.  As you can see in the chart, price is forming a smooth slow curve heading back up.  It will probably be a slow grinding up from here.

I bought $INFN today for the bounce up. I had bought $INFN in the past but got out too early and missed the rise to $11+ from my 9ish entry point.  Now, I see an opportunity to get back in.

INFN_daily

Price continued to bounce off the 79 & 89 MA lines.

$KNDI bounced hard after opening lower.

KNDI_daily

Seeing price took out the opening range, I decided to buy some shares to see if this has leg.

Thanks to all six stocks going up, my port gained 2.4% today and YTD gain at 6.6%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, KNDI and 2.8% cash.

From my other account:

With DOW opened negative and $KNDI opened lower, I decided to close $KNDI position while I still had some gain left.  Turned out it was not a good move hindsightwise.  However, this mishap was more than offset by my “another” fortune of $IBIO gapping up after I got in yesterday at $1.30+.  Without hesitation, I sold at the open to lock in gain once again.  Although I did not buy as much as before, i still enjoyed the gain.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

10-15-2014 Trading Journal

The bull, apparently suffered from vertigo, fell over backward and then rolled down the hill.  After vomiting out yesterday’s digestion due to the spinning sensation, it felt a bit better and was able to crawl back up some.

SPY_Daily

It was an ugly day but yet a redeeming one as well.  The price stayed inside the tan rectangular box and was a green bar that reflected the tenacity of the bull.  There may still be hope for the bull.

I’d another fortunate day.  While $LRAD went down quite heavy in the day, it managed to come back to minimize the damage.

LRAD_daily

That was a very nice long-tail doji with price closing very near the 79 MA.  If price can take out the high of today bar, it will be a very powerful bullish reversal signal.  In other words, $LRAD may find its bottom today.

Meanwhile, three of my other stocks closed higher for the day despite a down market.

$ORBC had a spectacular price momentum today.  You would think that there were no large market down day just by looking at $ORBC daily chart.

ORBC_daily

Price obviously cut thru the 79 & 89 MA lines like hot knife thru butter. Imagine where price will go when the general market begins the bull run again.  Something is cooking at $ORBC and I don’t know what it is.  But I don’t mind it ’cause I’m always bullish with their brand new state-of-the-art M2M satellites they have launched with more to launch by year-end.

$DMRC continued on higher which was quite a performance in a down day considered it was a low float stock that was easy to be manipulated.

DMRC_daily

As you can see, price is approaching the 79 & 89 MA lines.

$CERS is finding its footing giving current virus and baterial infectious climate.

CERS_daily

Price actually filled the gap and bounced back up which is a good sign for the bull.

$AMRN was the second stock that was closed negative; but it was a small dip so I’m not going to put a chart on it.

Thanks to stellar performance from $ORBC and $DMRC, the gains were more than enough to offset $LRAD’s drawdown to still bring my port up by 0.5% higher.  YTD gain is now at 4.2%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.3% cash.

From my other account, I bought back a small (10% of original size) number of $IBIO for the bounce.  I also bought some $KNDI to test the water.  Both are in the black after closing bell.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

10-14-2014 Trading Journal

The market really tried hard to rally; unfortunately, it went out of mojo to maintain altitude.

SPY_Daily

While price gave back most of the gain during the day, it at least closed higher.

Today, four out of five went up.  It was $LRAD that closed negative.

LRAD_daily

Nevertheless, price is finding support at the 79 & 89 MA lines.

$DMRC continued to head higher in anticipating of next week earning conference call.  Will the big retailers’ name be revealed?  Do they like the Digimarc barcode?

DMRC_daily

If price can take out the 79 & 89 MA lines to the upside, we are heading higher.  And if there are positive news regarding the big retailers, we will see a rocket launch soon due to the fact that $DMRC has a super small float of only 6+ million shares.

$ORBC also had a good day with strong momentum behind it.

ORBC_daily

Price broke out of its tight consolidation and approached the 79 & 89 MA lines to the touching point. Will it simply walk over the lines tomorrow?

$CERS had a spike up day.

CERS_daily

Price is now on top of the 79 & 89 MA lines.  If it can find support on these two lines, it will be in good shape.

Thanks to four stocks being up, my port, after offsetting $LRAD drawdown, still came out with a 1.4% gain for the day.  YTD gain is now at 3.7%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.3% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

10-13-2014 Trading Journal

And the bear kept on dragging down the bull…

SPY_Daily

Price is now in the neutral zone (the tan rectangular box).  This is the same area the market struggled b/w March and June before breaking out to the upside.  I didn’t like the fact that the double bottom couldn’t hold.

I was curious about how $IBIO would open.  I was pleasantly surprised that pre-market was up $1.30 (88%).

“Take the money!” I shouted at myself.

Then I realized I could not get out even if I wanted to ’cause my cash account does not allow pre-market or after-hour trading.  So, I crossed my finger hoping the pre-market high would hold thru the opening bell.  No such luck.

Then I had to witness the falling prices (from $2.7x to below $2.3x) in the last five minutes before the opening bell.

“Take the money anyway”  I told myself.

So I put the market order in and sold the rest of my $IBIO at the open.

Why didn’t I wait?

That was because I’d seen too many times where price gapped up and then would spend all day falling back down.  I decided to take the money and saved myself the grief and anxiety of worrying about giving back profit when I wasn’t looking.  I actually felt a sense of relief after taking profit.  In biotech, there is no telling when price will turn on a dime and simply take away your paper gain in a NY minute.  I’ve overstayed too many times and experienced enough vanishing profit to appreciate a generous gift when it appeared without notice.  Sure, price may continue higher but I leave it to those who can bear the pressure.

IBIO_daily

That was a really nice gap up.  Let’s just hope there is no gap down tomorrow for the sake of those who are still holding.

Today, four out of six positions went up. Unfortunately, $LRAD was not able to maintain gain in the last hour market avalanche.

$CERS finally turned green so I didn’t need to cut losses.  $DMRC and $ORBC were able to maintain most of its gain for the day despite the market waterfall.

The gains from $IBIO, $DMRC, $ORBC, and $CERS were able to offset $LRAD drawdown and still  have a gain of 2.2% for the day with YTD gain at 2.3%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.5% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

10-10-2014 Trading Journal

The bear wasn’t done yet and the bull could not climb against a slippery slope.

SPY_Daily

Nevertheless the bull may have a resting place to pause and possibly to bounce as well.  Notice that price today closed right at the August low which is now a support or a double-bottom.  There is a 50/50 the bull may bounce next week.

With fortune blessing, I’d a good day today.  It all started with my attention on $IBIO yesterday.  A small voice in the back of my head said, “Hey, load back $IBIO at 70 cents with the cash you got from selling $KNDI and $CERS.”

But I wasn’t ready to load up on a hi-beta biotech stock in the middle of a down day when my port was getting hammered.  So I passed.  But when I noticed that $IBIO opened higher (> 90 cents) this morning, I checked for news and there were none.  Then I checked for the latest Ebola news to see if this virus had been contained.  It is not.  The guy in Texas died.

“Somebody knows something?” I thought to myself.

I waited a minute or two after the open to see if price would sell back down below 90 cents.  Nope.  Then price started to move to 95, 96, 97 in succession.

That is!  I’m going in.

I started buying ’cause my intuition told me price was going to break out $1 very soon.  Resistance developed around 99 cents but I didn’t care, I just kept buying to build my position up.  After I built up to 50% of my original size.  I stopped.  I thought of adding since I still had plenty of cash left.  Then my cautious side told me to spread it to other biotech such as $CERS and $AMRN.  $CERS was bouncing in the morning so I bought back what I sold.  $AMRN was holding strong at 99 cents to a dollar so I checked the script number for the week.  It was up so I bought back in at a dollar.  If script number can climb over 10,000 per week soon, $AMRN at a dollar is a steal.

$IBIO busted out over $1 after I bought what I needed.  It went as high as $1.16 before falling back down to my entry point.

“Get out at breakeven?” I asked myself.

“Nah, hold on.  Remember this is a cash account, once you get out, you can’t jump back in until a few days later.”

“Ok then. Let’s hold a bit longer,”

Then I got busy with other non-trading business.  Lucky thing I did ’cause price went back above $1 and then fell back down to $1 for the 2nd time in the afternoon.  If I was watching, I might be tempted to get out at breakeven giving the general market was fighting to stay positive at the same time.

When I finally get back to watching the market an hour before the closing bell.  I couldn’t believe my eyes.  $IBIO was climbing  and climbing.  By the time it started to correct after trading to the high of $1.39, I was very tempted to sell some to lock in profit.  My finger was at the mouse button ready to push.  Seeing that the general market was literally falling apart, I clicked the mouse button and 50% of my position I bought this morning was let go.  And so I thought I did good.

“Holly Molly!”

Price began to climb again.

I looked at $CERS and it was down.  “Darn, if I bought more $IBIO instead of $CERS, that would be very nice…”

Yeap, like everyone, sometimes I did get infected with the hindsight bug as well.  ”Could’ve, should’ve” started invading my mind.  I reminded myself that I was lucky to have the other 50% which represents 25% of my original position.  Meanwhile, all the time, I was mindful that $LRAD was trading in the positive territory most of the day.  I gave my thanks for a fortunate day while partly ignorant that the Nasdaq dropped like a rock to end the week since I was so focused on the after hour trading of $IBIO which traded to a high of $1.91.  Wow!

IBIO_weekly

I’m posting the weekly chart of $IBIO ’cause this is the only way to appreciate the magnitude of the move today.  “If I could be holding my original size all the way…”  Oop! The hindsight bug struck again.  In retrospect, I did what I had to do giving the overall market sentiment.  I already had three long-term hold so locking in profit on a hi-beta biotech stock was the proper thing to do.  Moving on.

I’m thankful for the $LRAD bounce today.

LRAD_daily

See how price actually bounced off the 79 & 89 MA lines?

Giving the severeness of Nasdaq drop today, $ORBC actually was holding well despite being a negative for the day.

ORBC_weekly

Per the weekly chart, price was holding well on the 79 & 89 MA lines.

Although $DMRC was down today, it did not make new low like a lot of tech stocks out there.

DMRC_weekly

From the weekly chart above, you can see that price only gave back some of last week gain.  The action of $IBIO reminds me that as long as the stock has a strong binary event that if positive can move price the way $IBIO did today.  I’ve the conviction and confidence that the big retailers will adopt the Digimarc barcode system simply because of the efficiency factor.  If that positive decision is to materialize, $DMRC will move the way $IBIO did today; perhaps even more stronger.

$CERS was a bad trade today and I should have cut the losses when it didn’t bounce.  I’m going to see what happen on Monday before deciding what to do with it.

Thanks to stellar gain on $IBIO and the bounce from $LRAD, my port gained back 2.9% which put my YTD gain at 0.1%.  In other words, I’m back to breakeven.   Btw, this calculation did not account for after hour gain on $IBIO.

Current holdings:

LRAD, DMRC, ORBC, IBIO, CERS, AMRN and 4% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”