02-27-2014 Trading Journal

Market bent down a bit at the open and then jumped up into the air.  Up and away it went.

See how price went down to touch the upper range of the consolidation area (support) and then bounced higher afterward.

With SPY closed at all time high, my port is following the trend by making an all time high as well.

Thanks to the three big upside momentum on $KNDI, $LRAD, and $SEED which contributed to my port making an all time high today despite $CERS putting me one back step yesterday.

$KNDI chart looked much better today compared to the last two neutral days.

Although price did not make a new high from the this week, it was still a good green bar with an upward momentum.  We may see a breakout to new high tomorrow if the wind blows higher.

$LRAD made a strong upside reversal after opening on the downside.

Volume was also higher than average.  Potentially, there may be more steam behind this rally.  Look forward for this one to move higher.

$SEED finally took out the resistance and closed above it.

Although price fell back from the high of the day, I’m just thrilled that price remained above the resistance which will now be called support.

Both $MZOR and $SVA also moved higher but their dollar value in gain were relatively smaller compared to the three stocks above.

Again, $KGJI did not rally.  I’m beginning to feel that this one is dead money.  But I like to believe when the time comes, it will rise very fast; therefore, patience is required for this one.

Good thing I sold $HALO yesterday since price went down after-hour today due to earning miss.

Current holdings:

KNDI, LRAD, MZOR, SEED, KGJI, SVA and 5% cash.

From my other account:

$FITX sell-off seemed to be slowing down.

Notice that today was a short range doji bar which could mean a temporary bottom is setting in.  But this bottom needs to be confirmed by a higher bar tomorrow.  Let’s see if it will bounce.

My 2 cents.

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Why do I get a feeling that today is a groundhog day?  The SPY and $KNDI were doing almost the same thing as yesterday.

As the daily chart reflected, $SPY did another yesterday with a neutral day.

Now look at $KNDI.

Another long-tail doji that mimicked yesterday bar. Again, the chart is still bullish.  Perhaps, third time is a charm tomorrow?

$CERS, of course, collapsed after open.

I pretty much sold all my shares not long after open while I still had a small profit to lock in.  But I gave back a huge chunk of unrealized gain.  I sold ’cause I didn’t want to deal with the after-shock of the collapse.  Based on the earning transcript, look like we won’t hear from FDA until the 2nd half of this year.  That is another four months to go.  Thus, I’m going to move on to something else in the meantime.

With the available cash from sales of $CERS, I added to $MZOR, bought $SVA, $ATOS, and $APRI.

I bought $ATOS looking for the bounce;

and $APRI looking for a breakout against resistance.

.

Both fell backward before close.  Let’s see how they go tomorrow.

Because $KNDI fell back down to neutral zone after a strong morning rally, my port was pushed back one step by the fall of $CERS.

Small rallies from $KNDI, $SEED, $MZOR, and $KGJI helped cushioned the $CERS loss a bit.

I almost forgot, I sold $HALO ’cause price broke below yesterday low.  Since $HALO is another Baker Brother’s pick ($CERS too), I felt that the fall of $CERS may eventually affect $HALO as well.  This logic didn’t make sense but I went along with it anyway.

Current holdings:

KNDI, LRAD, SEED, MZOR, KGJI, SVA, APRI, ATOS and 4% cash.

From my other account:

I added some more $FITX to round up my position size.  I’m done buying.  Now I’ll just wait and see.

As you can see on the chart, $FITX closed near the support.   Let’s see if this can bounce tomorrow.

My 2 cents.

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The market took a break today. It didn’t move much.

From the chart above, you could see that price is still above the recent consolidation range; thus the bias is still on the upside.

$KNDI had a wild day today.  It started off going under water and then price jumped up high in the air, pause for a scenic view at the top, and then descended back into the ground in an accelerating manner.

Nevertheless, price still closed above $15.xx as well as being above support from previous high.  While the long-tail doji could signify a temporary top, it is not a top until it is confirmed.  The next few days will determine if price can still bounce from here.

$CERS finally closed above the resistance.

But this might be short-lived since they missed revenues projection and price already dropped 90 cents on the after-hour market.  I’ll be curious to see if price will bounce back in anticipation of the FDA approval.

Since $KNDI dropped back down to neutral for the day by market close and the rest of my positions were in small change mode, my port was pretty much neutral as well.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, MZOR (fully speculated)

From my other account:

$FITX continued to correct and I continued to add more to scale-in my position.

See how price bounced back to close at the 15 MA line as well at the uptrend line?  I’m still bullish despite recent correction.

My 2 cents.

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The market rallied hard during day but gave back some before close.  Somehow, the resistance was quite formidable for the SPY to crack.

Notice that price closed right on the resistance.

$KNDI, again, brought home the big fat bacon today.

Price broke out to the upside convincingly with larger than normal volume.  Not only that, it closed above the previous high of $15.39.  What more can I say?  I’m not surprised at all for I know it is a matter of time.  Still holding all my shares long and strong.

Next, $CERS continued to move higher.

Price is now getting ready to take out $8 soon; but first, it needs to close above the current resistance of $7.85.

$SEED made another attempt to take out the resistance of $2.37 and failed once again.

However, price seems to stay well above the 15 MA line.  I’m sure a few more attempts and the resistance would give way.

$HALO continued to bounce higher.

I like the slow steady climb that was reflected on the chart.

$LRAD and $KGJI also moved higher.  The only one stock in my port that didn’t go higher is $MZOR.

With $KNDI leading the charge, my port has made new historical high today.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated)

From my other account:

I was disappointed to see $FITX sold off after the gap-up.

With so many people who bought below $0.05; profit-taking was to be expected.  Despite the down day, I added a bit more today.  I think the key point right now is that Cen Biotech stays on course to complete the facility on time to get the permit to start growing and selling.  Price volatility is to be expected b/w now and completion of facility.  I intend to hold this one thru the volatility.

My 2 cents.

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The market reached out to the resistance level but dropped back down to close almost at neutral.

However, by looking at the daily chart above, price is still within the upper range of the consolidation area; therefore, for all intent and purpose, the bias is till on the upside.

Meanwhile, my port also had a minor correction mainly due to $KNDI and $SEED,  Bounces from $MZOR, $HALO, and $CERS helped reduced the correction to a minimum.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated).

From the other account:

$FITX was holding its ground for the weekend open house.  Based on what I read so far, seemed like the meeting went well.  Pictures of the planned building(s) looked good and promising.  There may be a gapped up tomorrow.  If not, I’ll be adding more to take advantage of the inert moment.

From the daily chart above, it is possible that tomorrow price action will take out the resistance of $0.1149 easily.

My 2 cents.

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Market bounced back from yesterday down day and kept the upward momentum intact for the moment.

From the daily chart above, you can see that price is now in a mini-consolidation phase.  I like to see price takes out the resistance above to continue the rally; otherwise, failure to break out of the resistance could result in a downdraft when profit-takers scramble for the door.

Today, except for $LRAD, every stocks in my port bounced as well.  As a result, my port regained most of the give-back from yesterday.

$KNDI continued to maintain attitude near the top range of the consolidation box.

Price closed above the 5 MA line which is good.  Let’s see if price can close higher than the consolidation range by tomorrow to close the week on a positive note.

$CERS bounced  back half-way from yesterday down-day.  Giving tomorrow is option expiration day, I’m sure there will be a struggle for the short to keep price from gaining higher than $7.50 which is the strike price for Feb call option.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated).

From my other account:

$FITX looked good today.

Giving that the coming weekend is the open house event for investors to take a look at the facility at Lakeshore, Canada; I like to believe that many investors who spend the time and money to travel there will come out satisfy that the facility is the real deal.  With a positive feedback, price may continue to climb slowly from here until the final permit is issued.

My 2 cents.

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Market did a boomerang after touching the previous high resistance.

See how the high of the day touched the previous high of established in Jan 15th and then dropped back down to negative territory.  The next few days of price action may show some light of where the direction may be- up, down, or sideway.

Needless to say, except for $KGJI, all the stocks in my port corrected today.  However, the light at the end of the tunnel is that $KNDI had a spike up in after hour trading thanks to $TSLA earning news.

I also sold my $TINY position and used the proceed to buy more $MZOR.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated)

For my other account, I sold all $XTRM to lock in my gain after open simply because I found out that the real number of outstanding shares is much much larger than what is reflected at Yahoo.finance.  On top of that, the more I looked at it, the more I wondered how $XTRM is going to get the money to build out the hemp production after they buy the 40K acres of land.  When I’ve more questions than answers for a stock, I prefer to get out and stay on the sideline.  Thus, with profit in sight, it was an easy decision.  However, it would be nice if I waited another half-hour before selling ’cause price began to climb over 8 cents before giving back all the morning gain.  But then, I can’t really complain ’cause I did profit nicely on this trade.

Because I’ve more faith and conviction with $FITX, I used the gain on $XTRM to buy more $FITX today.

My 2 cents.

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Market was basically neutral today.   It did not go anywhere except to pause.  Pause is good.  Like any moving bio-mind, it needs to take a pause to rest.  Yes, the market is a bio-mind since it is made up of millions of mind.

My port(s), on the other hand, were having a Great Day!

First thing first, I sold all of $APRI (for non-performance) and bought $MZOR.  I like to see $MZOR as the next $ISRG.  I may hold this one for long-term and make it part of the $LRAD, $KNDI, $KGJI team.

The weekly chart above pretty much showed a strong upward trend.  I don’t think it will retrace that much from here; thus my buying $MZOR today just to get on board. .

$KNDI had a strong and healthy gain today.

Notice that price is now bouncing off the 5 MA line which was a good sign.

$CERS continued onward without giving back gain for the last two weeks.

Notice how price marched upward since early February without giving back gain.  This is a strong stock ready to pop on good news.

$LRAD also moved higher today.

I’m not crazy about the doji bar today but it may not mean a top yet.  Confirmation is needed before today doji bar is considered a temporary top.

Today, my top three positions, $KNDI, $LRAD, $CERS all carried my port another notch higher despite some minor corrections on others.  I’m especially disappointed with $TINY performance today.  I’ll need to re-evaluate this position tomorrow.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, MZOR (full speculated).

Now, to my other account…

What’s a Fantastic day for me!

I bought $XTRM after researching this stock over the long weekend.

As luck would have it, news from AccessWire brought awareness to this stock and the momentum could not be stopped.  The main reason I like this stock is because of the industrial hemp (more so than the medical cannabis) which is being legalized in the Federal level by Obama signing off the $1 trillion Farm Bill.   The other main attraction of $XTRM is its low float status ($55.92 million) for a pennystock and its being a super micro-cap ($8.15 million) as of today close. Correction: $XTRM actually has about 717 million shares outstanding.

Granted that this company is a newby coming out of nowhere and thus carries the stigma of being a possible pie-in-the-sky stock.  However, the alluring part is $XTRM purchase of 40,000 acres of land in California that will allow it to grow the industrial hemp as well as medical cannabis (I believe $XTRM will have to wait until the Federal law legalizes cannabis first; otherwise, it will be too risky to operate when cannabis is still included in Federal Schedule 1 dangerous drug list.)

For a micro-cap stock like $XTRM, I believe the industrial hemp business alone will pop this one up big time.

Look at the daily chart above.  Even though I bought it at a higher open, I still ended with a 50%+ increase on my position. Wow!

$FITX news today is nothing new to me since I already figured this one out when they announced the production facility that can produce 1.3 million lbs annually.  That was the reason I kept buying when it was correcting last week.

I like to see price takes out the resistance at $0.1149 established last week.  $FITX offered an open house next Saturday which I thought was a good idea.  This should put any doubting Thomas to bed as to rather this production facility is a real deal or not.  I already know (or believe) that this is a real deal just by looking at the Canadian news regarding Lakeshore with picture of the Mayor with the Cen Biotech team.

Since I bought a boat load of $XTRM in the morning, my port was up 18% by day-end.  Although this port is about 1/10 the size of the main account (see above); I’ve a feeling that if these two cannabis stocks can really take off, this port may even eclipse the main account in a year or two in term of dollar amount.  The race is on!

My 2 cents.

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The market continued to rally and is now coming near the previous high established in early January.  This could be a resistance to watch out for.

If price takes out this resistance, the bull trend is still on (the blue line near the $185.00.  Where price will go after seeing $185.00 will determine which direction market will go b/w now and March (up, down, or consolidation).

$LRAD took home the bacon today by bouncing nicely.

Notice how price had gone ahead and away from the consolidation range.  It looks like some motivated sellers had completed their task after earning announcement and buyers are coming back   Let’s see if price can take out the previous high of $2.24.

$CERS also continued to move up without giving back gain.

Price could become resilient against downdraft as the timetable comes near the FDA decision in early 2014. I am holding this one thru the FDA decision ’cause I’ve strong conviction on this stock.  Please remember I had the same conviction on $AMRN and that didn’t do me any good.  On the other hand, conviction has nothing to do with being right or wrong; it has everything to do with your ability to “take the risk” for a potential reward.

Most of the other positions were either neutral or going thru minor corrections; but because of the gain from $LRAD and $CERS, my port continued to advance further to recover most of my early 2014 gain.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, APRI (fully speculated).

From my other account:

$FITX, unfortunately, did not advance together with its peer on the positive news that the Fed is allowing some leeway for the banking system to work with legalized marijuana businesses.  I noticed there were quite a few bashers trying to create doubt regarding the prospect of $FITX getting approval for the Canadian production facility.  Mark my words, $FITX is a HIGHLY speculative stock that can either bring you a lot of money or take away your speculative investment.  At this point, with limited information such as SEC filings and period of uncertainty from having to wait for the build-out of the production facility as well as the final approval from the Canadian Gov’t to give Cen Biotech the go-ahead to start production, the next few months will be a volatile time to hold this stock.  I’m still not done buying with the gain I made from $PHOT.  I may continue to buy if price continue to dip with gain from $PHOT.  Thus, if $FITX does not fulfill its plan to complete the construction and getting necessary permit, I will only give back my gain from $PHOT.

In summary, at this point, my ability to hold $FITX is based on “faith” that $FITX is a real deal and that the marijuana market has only just begun their ascent to the legitimate businesses with huge opportunity to make money from the ground floor.

Back to the daily chart:

Price is now hovering around the congruence of several technical supports: support from the last three trading days (blue line), Fib 23.6% retracement from historically low to recent high, and 38.2% retracement from recent low to recent high.  Does that mean this congruence will hold?  Nope.  It only means there is a possibility buyers will be there to buy the stock when price reach that level.  But that doesn’t tell you how many sellers are waiting to sell.  The battle b/w the bull and the bear continues.

My 2 cents.

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Market gapped down but bounced right back up to positive ending.  A very strong showing indeud!

Notice how price bounced right off the 5 MA line and closed higher than yesterday high.

$CERS continued to climb higher and away from the support line.

Currently, $7.50 is the resistance and if it takes out the resistance with conviction, we can see $8 easily.

$LRAD continued to recover from the drop-off after earnings slowly.

Today, it closed higher than the consolidation range.

$SEED made another attempt to rally hard but was succumbed to profit-taking.

Nevertheless, price still closed above yesterday high.  Will the Chinese Gov’t announce the decision on approving the two GM seeds from $SEED soon for commercialization?  Still waiting patiently.

Thanks to the rallies from the above three stocks, my portfolio continued to advance higher despite some minor corrections on the remaining stocks in the porf.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, APRI (fully speculated).

From my other account:

$FITX bounced a bit today to stop the falling pattern of the last two days.  I continued to add some more today to scale-in size.

See how price closed near the 5 MA line?  Do you see that the trend is still up?

My 2 cents.

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