The market took a pause today.
See the doji bar near the resistance. It could go either way… tomorrow we will find out.
I was quite impressed with $DDD transformation after reading their earnings report. It has changed my perception of this company favorably. I originally focused mainly on $XONE due to its metal printing machine; but $DDD actually made a lot of headway in this area as well. Giving the bounce after the drop from the earnings news, I took the opportunity to buy some here as almost 50% discount from the previous historical high.
From the weekly chart above, you can see the support goes all the way to early 2013. If price remains about the same tomorrow, we will have an inside week that could serve as a possible bottom if this week high is taken out next week
Somehow, i can’t take my hand off the $KNDI machine. I bought back a standard size position to see if it can bounce up from here.
Price is still trading near the support so i will either get whipsawed again or finally catch the bottom from here.
$AMRN was holding well in the morning so I decided to add more to bring it back to the size I had two days ago.
Price bounced nicely today. If you look at the daily chart above, you can see the channel range from late January of this year. Price seems to be bouncing off the bottom of the channel right now.
I had to admit I was a little hasty to add more $DNN after the open.
Now, if I could only wait… but it is hindsight talking anyway. After the big green bar yesterday, price has to take out the low of yesterday before I start thinking about cutting losses. Meanwhile, I’m going to give it a bit more room to fluctuate.
$DMRC took another tumble today but somehow I’m not worried about this one.
Price is still above the 79 & 89 MA lines; however, it is my belief in the $DMRC technology that put me in a calm mode. After all, I have to be in the position to take advantage of any favorable development. Missing out the rocket launch of $GWPH by one day is a huge lesson for me to learn. One must learn to take some reasonable drawdown to stay in the game for the event news. Due to downdraft of $DMRC and other positions, my port was down another 1%. YTD gain is now 5%.
Current holdings: DMRC, LRAD, SVBL, AMRN, SEED, DDD, KNDI, DNN and 7% cash.
From my other account: Nothing new here except to wait for Health Canada inspection and approval of the license.
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