iBankCoin
Home / 2014 / August

Monthly Archives: August 2014

08-29-2014 Trading Journal

Following thru from yesterday spectacular recovery, market marched higher despite a wobbly beginning.

SPY_Daily

From the daily chart, you would think that the market barely survived the bear pull.  Take a look at the weekly chart below:

SPY_Weekly

Now, you can see the bull has always been in charge.  Another weekly up bar.

Today four of my positions were up with two down.

$LRAD continued on its upward momentum after yesterday recovery as expected.

LRAD_daily

From the daily chart above, you could see that price is now about to break out of an ascending triangle with the long-term resistance of $3.36 as the ceiling.

LRAD_weekly

$LRAD Weekly chart above shows that price has not wavered in its bullish momentum.  Four weekly bar on the up and up.  Fundamentally speaking, there are a lot of explosive revenues growth in the cards (from recent earnings transcript).

  • Responded to an RFI from U.S. Coast Guard R&D Center
  • U.S. Army put out an “updated” RFI for acoustic hailing devices (original RFI came out in 2010).  Expected to see RFP in early 2015.
  • The House has included acoustic hailing devices in the $2 billion budget for NGREA (National Guard Reserve Equipment) funding.
  • Mass Notification: anticipating additional orders over the next couple of months (from August) for certain small cities working with the Japanese rep.
  • Mass Notification: responded to two large RFPs for two large cities in the Middle East.

Any large order from the above will propel $LRAD to the next level.

$HYGS bounced off from the 89 MA line.

HYGS_daily

How many times have we seen prices bounce off from the 79 & 89 MA lines?  They are magical since the bounces have happened almost all the times when prices traded near/at/around the 79 & 89 MA lines.

HYGS_weekly

From the weekly chart above, the downdraft has stalled at the 38% Fibonacci retracement level.  The possibility of reversing back to an uptrend is high from here.

While the daily chart of $CPST did not show much movement, the weekly chart below shows a cautious upward movement.

CPST_weekly

The weekly bar is now trading above the 5 MA line.

On the other hand, $ORBC weekly chart below showed a flat pattern this week.

ORBC_weekly

Although flat, price is still trading above the 5 MA line which is good for developing a base to bounce from.

On the same token, while $AMRN daily chart showed little movement on the last three trading days, the weekly below shows that the bullish upward momentum is still fully intact.

AMRN_weekly

See how the weekly green solid bar moved up from last week doji bar?  Price is very close to breaking out of the $2 resistance.  For those who only see $AMRN’s Vascepa as a “fish oil” pill that is not much different from the over-the-counter fish oil pill, you are missing the big picture by allowing your limited knowledge of the science to dictate your judgement and prejudice.  While the almost pure EPA ingredient in Vascepa may not sound so fancy as compared to the “high” EPA content of the over-the-counter fish oil, the science behind in extracting the pure EPA in Vascepa is in an entirely different order from the science in extracting high EPA in over-the-counter part.

Personally, ever since I’ve started taking Vascepa from over a year ago, my body never feel the need to alert me of my cardio condition. Whereas before I started taking Vascepa, my body had more than multiple occasions alerted me of a possible cardio condition by exhibiting minor pain around my chest and arm.  Could it be the placebo affect?  I like to think it is the Vascepa that actually helps improve my cardio condition.  IMHO, the Japanese Jellis study (that proved pure EPA could reduce cardio-event by 50%) the FDA conveniently ignored was not without its merit.

With Congress hearing requesting the FDA to explain the justification of rescinding $AMRN SPA agreement and the recent studies that people with genetic characteristic of low triglyceride exhibited lower cardio-event, I don’t see how FDA can keep on pounding $AMRN to oblivion in front of the limelight.  All in all, I’m very bullish in $AMRN and is going to hold my position into the FDA decision.

$DMRC continued to struggle to stay relevant.

DMRC_weekly

 

Due to lack of news, the shorts were having an easy time walking this one down.  My position is bleeding but my believe in $DMRC disruptive Digimarc technology has not wavered.  So I’m still holding.

Thanks to gain from $LRAD and $HYGS, my port gained back 2.3% today with YTD gain at 14.8%.

Current holdings:

LRAD, HYGS, DMRC, AMRN, ORBC, CPST (100% invested/speculated)

From my other account:

$FITX ended the week higher than the last 12 weeks.

FITX_weekly

While there was a long tail at the upper-end of the weekly bar, it is still bullish to me.  I believe Health Canada will approve the license.

To me, although the number of shares in the float is ridiculously high, $FITX is the only cannabis company that has a group of impressive scientists and board members on board.  In other words, once the cannabis market really takes off with more legalized States in the cards, $FITX has a good chance of making it big.

My 2 cents.

Comments »

08-28-2014 Trading Journal

Market tripped and fell into the hole; however, it quickly dragged itself back up the surface.

SPY_Daily

It was a respectful counter-attack by the bull against bear.

These days, fuel cell business is losing the respect.  $HYGS continued to get pounded; day after day its big brother Commscope Inc. was dumping shares.  This caused a whole lot of other folks to dump along.  Did Commscope know something we don’t know, “Sell! Sell!” became the motto for quite a few folks.  But when you take a closer look at the number of shares Commscope was selling, it was relatively small volume compared to the millions of shares they are holding.  And it was small volume compared to the daily volume as well.  Apparently, the shorts found a great opportunity to take advantage of the “insider selling” and pressed the short side for all its worth.

Meanwhile, I was saying to myself, “there goes my unrealized profit…” almost every single day this week.  And all this because I pledged to hold for long-term.  Yeap, nobody ever said holding long-term is easy.  It’s really isn’t.  Sometimes we have to see profit disappear and then reappear over a period of times.  The volatility will drive the most hardened men into a soft gentleman because he realized that he was never in control of anything.  And the only way to keep the faith is to accept the volatility and flow with the vision that the science you bought into is going to play a major role in the near future world.

Good news is that price is now at the 89 MA support line.

HYGS_daily

Did you see the ABC three-wave pattern where length of wave A is the same as wave C?  I believe $HYGS will bounce tomorrow or next week.

$LRAD staged a fantastic come-back after being down to near $3 part of the day.

LRAD_daily

A long tail with a green solid bar holds a high probability of continuing the uptrend tomorrow.

$DMRC, $CPST, $ORBC continued to meandering around with nothing to show for the day.

Oh, by the way, I finally received the dividend from Kingold.  Nevertheless, the retraction of its dividend on July 31st still left a bad taste in my mouth.

On the other hand, the dividend came in handy to help me offset drawdown from $HYGS. My port only gave back 0.5%.  YTD gain is now at 12.5%.

Current holdings:

LRAD, HYGS, DMRC, AMRN, ORBC, CPST (100% invested/speculated)

From my other account:

Still waiting for HC approval news for $FITX to spike.  $LRAD is doing fine.

My 2 cents.

 

Comments »

08-27-2014 Trading Journal

Market had yet another neutral day.

SPY_Daily

 

You could almost see that it was contemplating on an action.  Will it be up or down?  Hmm…

Meanwhile, five of my positions went down with only one up.

$AMRN continued to show strength going into September.

AMRN_daily

All eyes are on FDA decision sometimes in September.  You never know, a positive decision could pop up next week and Boom! there goes the price and you hurt your neck for having to look up so high.  Wouldn’t that be a nice scenario to see in real time?  Well, I’ll know soon enough.

$HYGS continued to correct.

HYGS_daily

It is now at long-term support and the 79 & 89 MA lines are not too far below.  Since I bought this for long-term hold, I’m going to have to sit thru the volatility.

$DMRC gave back yesterday gain.  Giving its up and down daily movement, this one is now stuck in consolidation range.

$ORBC, $CPST, and $LRAD all went nowhere except bouncing around.

Giving five stocks down, my port gave back 2.1% with YTD gain at 13%.

Current positions:

LRAD, HYGS, DMRC, AMRN, ORBC, CPST (100% invested/speculated).

From my other account:

$FITX corrected from yesterday gain.  Still holding for the Health Canada decision.

My 2 cents.

Comments »

08-26-2014 Trading Journal

Market took another pause to rest.

SPY_Daily

Today was a slow day.

Out of my six stocks, three were up, two down, and one neutral.

$DMRC recovered today with a bounce that created an inside solid bar from yesterday down bar.

DMRC_daily

Volume was a bit higher than the last two days so maybe this may be the beginning of an reversal uptrend.  Time will tell.

$AMRN did a fine showing today with a break out of its recent consolidation range.

AMRN_daily

Price is ready to take out the $2 resistance as we approach September where FDA will render its decision.

$LRAD and $HYGS both corrected today. $LRAD again could not stay above the $3.36 resistance.  Sooner or later, the resistance will give way. $HYGS fell back down to support once again.

While $LRAD and $HYGS were down today, it was cushioned by gains from $DMRC and $AMRN.  Thus my port gave back only 1.3%.  YTD gain is now at 15.1%.

Current holdings:

LRAD, HYGS, DMRC, AMRN, ORBC, CPST (100% invested/speculated)

From my other account:

I added to $FITX due to its announcement that Health Canada had already inspected their site.  So, we are now just waiting for the Yes or No licensing approval.  Giving the quality of their construction and caliber of their boards, scientists, and management team, I’m confident that they will get the approval.  Hence, my adding more today.

$LRAD is still in the money despite today minor setback.

My 2 cents.

Comments »

08-25-2014 Trading Journal

After a pause, the market got up and just keep on walking up…

SPY_Daily

The recent mini-bull trend from the 79 & 89 MA lines is quite strong and it goes straight up and stay above the 5 MA line.

From my end, four stocks went up with one down and one neutral.

$LRAD shot back up after a needed two day rest (corrections).

LRAD_daily

This time, price broke thru the resistance of $3.36 and reached the high of $3.45 before closing below the resistance.  It was close.  I believe price will close above the $3.36 resistance this week.

$HYGS made a nice bounce from the support.

HYGS_daily

Let’s see if price can take out the previous high of $25.88 this week.

$CPST made a good showing by closing at the high of the consolidation range.

CPST_daily

You can see that the 5 MA is about to cross over the 15 MA line.  Look like price is ready to move up to the $1.40 level.

$DMRC took in water and dropped back down with $AMRN and $ORBC being in neutral ground.

Thanks to $LRAD, my port gained 3.8% today and YTD gain is now at 16.4%.

Current holdings:

LRAD, HYGS, DMRC, AMRN, ORBC, CPST (100% invested/speculated).

From my other account:

With $LRAD up 8.88% today, fortune is sure to follow with all the 8s in the percentage.number.

Almost forgot, I bought some $FITX today since the chart looks like it is going to bounce soon.

My 2 cents.

 

Comments »

08-22-2014 Trading Journal

Finally, a pause!

SPY_Daily

Market decided to sit down and enjoy the scenery at the top.

This time, five out of six are positive.

$LRAD bounced as expected.

LRAD_daily

This was a very nice close on a Friday. The solid green engulfed the yesterday solid red. It may continue the bounce next week and possibly blow pass the $1.36 resistance.

$HYGS once again defied gravity and bounced back by the close to positive territory.

HYGS_daily

As the chart shows, price is now back on top of support.

$AMRN also made a nice comeback after taking out yesterday low to touch on the support line at $1.75 areas.

AMRN_daily

Price immediately bounced back up to close positive.  This is very bullish for next week.

$DMRC bounced today and this saved the day for the chart.

DMRC_daily

Price almost get back on top of the mini-uptrend.  Let’s see if this can happen next week.

Both $ORBC and $CPST were trading in the consolidation range with nothing much to show for the day.

Giving five positive closings, my port gained back 1.7% today.  YTD gain is now at 12.6%.

Current holdings:

LRAD, HYGS, DMRC, AMRN, ORBC, CPST (100% invested/speculated)

From my other account:

As predicted, $LRAD closed back above $3. My position is in good shape.

My 2 cents.

Comments »

08-21-2014 Trading Journal

The market walked on up the hill as if it was going on a leisure stroll…

SPY_Daily

It was almost effortless.

$LRAD continued to correct some.  It was to be expected and the corrections of the last two days were needed to avoid over-heating the bull run.

LRAD_daily

Price did not take out yesterday low which was a good sign.  Yesterday, when price touched the past high and resistance at $3.36, I bet the shorts jumped on it and killed the rally.  This was perfectly normal and is by the book.  How long can the shorts keep this one down is another story entirely.  With the many potential catalysts in the foreseeable future, shorts have better watched out.  I’m waiting for U.S. Coast Guard order (LRAD has been courting them for the last seven years per earnings transcript) as well as the news on installation of the Mass Notification system in the cities of Japan and the Middle East.

$HYGS and $DMRC tanked earlier in the day but made a successful come-back by closing bell with $HYGS closed at positive and $DMRC slightly negative.

$ORBC is holding steady at the $6.2x area while $AMRN was down slightly.

Oh, I almost forgot, I bought $CPST with the remaining cash to replace slot formerly occupied by $STV.  Please welcome $CPST to the midst.

Due to $LRAD continued downdraft, my port gave back another 1.6%.  YTD gain is now at 10.9%.

Current holdings:

LRAD, HYGS, DMRC, AMRN, ORBC, CPST (100% invested/speculated).

From my other account:

I bought $LRAD at the low $2.9x to play the bounce.  I believe it will go back above $3 either tomorrow or next week.

My 2 cents.

Comments »

08-20-2014 Trading Journal

Market, like a newly minted wonderboy, simply walked past the resistance as if it was nothing to be bothered with.

SPY_Daily

$SPY closed at new high. Let’s see if this wonderboy can continue to walk up the hill.

Well, today is the day my port take a pause and go thru the “correction” phase after hectic days of moving up in a fast-paced speed.

$STV started the correction with a less than stellar performance.  My expectation was dashed when the revenues were less than same quarter.last year.  I was expecting some add’l revenues from the new “cloud” members but that hasn’t even begun yet.  Oh well, while not hitting the ball with $STV, I was spared by the fact that price did not gapped down 50 cents or more at the open.  It gapped down moderately and I took the opportunity to get out when the momentum after the open was to bounce some.  Thus, I was selling into the bouncing price instead of a falling price.  Whew!  I cut my losses nicely by executing my exit plan without hesitation.

With the proceed from the sales of $STV, I added some more $AMRN, $HYGS, and $ORBC to round up my investment size.

$LRAD finally took a tumble after eight day of going straight up (ok, with one day in the red three trading days back).

LRAD_daily

While it has a bearish engulfment candlestick pattern, it still needs to be confirmed by taking out the low of today bar.  I’ll be looking to buy some $LRAD for trading with my other account.

$HYGS continued to correct.

HYGS_daily

Price is now settling at the support line.  Let’s see if it can bounce from here.  I added some more around this support area.

$AMRN also dropped a bit.

AMRN_daily

But chart still looks bullish.

$DMRC and $ORBC are still struggling at the bottom of the trend.  I still have strong conviction on both to continue to hold.

Due to all five stocks being down plus the losses I’d to take for $STV, my port gave back 4.8% today.  YTD gain is now at 12.5%.

Current holdings: (and then there are five…)

LRAD, HYGS, DMRC, AMRN, ORBC and 5% cash.

My 2 cents.

Comments »

08-19-2014 Trading Journal

Market is approaching previous high which is going to be quite a resistance.

SPY_Daily

Can price breakout to the upside and make new high?

Today, five of my six stocks were down but $LRAD still managed to carry the port to the upside by continuing to advance.

LRAD_daily

Price came close to previous high of $3.36 and then back down.  Regardless, price still close a respectable 7.26% on the upside.  After hour price is up so maybe tomorrow it will break out of the resistance.

While $HYGS was down today, the chart still looks bullish.

HYGS_daily

See how price settled at the 15 MA line. I like to see price bounce tomorrow; otherwise, there may be more correction in the wind.

Like $HYGS, $DMRC closed lower but also settled near the mini-uptrend line.

DMRC_daily

Again, will like to see price bounce tomorrow.

$AMRN, although down slightly, still exhibits a bullish trend.

AMRN_daily

Price is still trading above the 5 MA line.

$STV earnings came out and it didn’t excel as I’d hope.  Price may sell off tomorrow and I may consider cutting losses.

Thanks to $LRAD once again, my port still managed to gain 1.3% despite five down stocks.  YTD gain is now at 17.3%.

Current holdings:

LRAD, HYGS, DMRC, STV, AMRN, ORBC (100% invested/speculated)

My 2 cents.

Comments »

08-18-2014 Trading Journal

Up up and away!

SPY_Daily

So go the market.

And so go my port as well!

$LRAD rocked!

LRAD_weekly

Price continued to advance another 11.8% today.  Since the earning release, price has advanced 55%.  From the weekly chart above, $3.36 is the next resistance to break through.  With the momentum it has, I don’t see a problem here.  Do you?

$DMRC bounced some today.

DMRC_daily

As you can see on the chart, prices are leaning toward the upside.  Cautiously advance in a slow-steps to avoid waking up the bear.

$AMRN continued to advance.

AMRN_daily

Although it was a soft advance it looks solid for a bull-sight.

$ORBC bounced a bit higher and is now getting ready to break out of the 79 & 89 MA lines.

ORBC_daily

It may happen tomorrow.

$HYGS and $STV was down today.  With $STV earnings coming out tomorrow, the negative close was to be expected.

Thanks to $LRAD spectacular rise, my port gained 4.9%.  YTD gain is now at 16%.

Current holdings:

LRAD, HYGS, DMRC, STV, AMRN, and ORBC (100% invested/speculated)

My 2 cents.

Comments »