Market continued on its rally today and placed itself right back into the middle of the consolidation area.
Price now closed above the 15 MA line. Looking good so far.
Seeing the market was up, I began to buy back some stocks to test the water. I started with $FSLR; then starter position on $GWPH, $CARA, $KNDI, and $DMRC.
Unfortunately, all of them except $DMRC were having problem floating on water. $FSLR began to sink and so were $CARA and $KNDI. Seeing that not every stocks were going up and some were still struggling to stay even, I set close stops and all of them were triggered. I left $DMRC along since it price pattern was quite strong for the last two weeks.
By the end of day, $FSLR rallied back up and I was left without shares ’cause I’d no spare cash. Most still tied up with the three days settlement. My going in and stopping out of new positions on the same day for the last few days had kept my available cash limited due to the three days settlement rule.
Believe it or not, having a cash account with no margin have kept me from going over broad. This intentional limited fund balances my urge to move too much too quickly.
Thanks to uptick on $LRAD and $DMRC, my port went up slightly.
Current holdings:
LRAD, SVBL, DMRC and 64% cash.
From my other account:
$FITX bounced some today which put price back on the 79 & 89 MA lines.
So far so good.
My 2 cents.
If you enjoy the content at iBankCoin, please follow us on Twitter
