08-01-2014 Trading Journal

The market took another tumble albeit a relatively small one compared to yesterday.


Looking at the chart, you can see for formation of a doji bar right on the 79 & 89 MA lines.  In a normal circumstance, a doji at any support or resistance has a better than 50% chance of reversing from current momentum.  Without resistance or support nearby the doji, it is more of a pause of existing trend.  Notice I stated “better than 50%”; not necessary in the high percentile of 70% and up.  However, if I’m a betting man, I’ll bet it is going to bounce next week.

While I got away yesterday from bigger losses, market found a way to hand it back to me today.

First, I sold my whole lot of $KGJI simply ’cause I was annoyed by the withdrawal of the cash dividend that was posted to my account.  Since I used the cash dividend to add more $AMRN, the withdrawal put me in a deficit cash situation (remember, I’m 100% invested in a non-margin account) and I received a debit call from my broker this morning.  I’ve never experienced a retraction of cash dividend ever after being posted to my account by any company.  This retraction was a red flag no matter how you spin it.  Waiting for approval from provincial government?  What if the provincial government denies approval?  Does that mean, “Sorry folks, we tried to give you dividend, but the big boss says no.” 

Anyway, to relieve my cash deficit, I sold some $KGJI to balance it back.  Then before I knew it, I sold the whole lot ’cause I just didn’t like the red flag that was handed to me in a silver platter.  With the add’l cash, I added more $HYGS.  Yes, I am a big believer in the emergent relevancy of fuel cell technology.

The irony of the day is that $HYGS is the only stock in my port that went up today while the other five stocks were down.


Take a look at the weekly chart above. This week was an up bar that continued from last week up bar while the $SPY had a big down weekly bar this week.  The counter-trend against the falling general market makes $HYGS a very bullish stock when general market turns bullish. Imagine seeing the beginning of the 3rd wave of the five wave Elliott Wave Theory on the weekly chart.  I can see $100+ when the 3rd wave complete its run.  Pardon my excitement here.

$DMRC continued to disappoint but I’ve resigned to wait this one out.  A sudden turn-around can be expected if a deal can be struck with any big name retailers.

$AMRN gave back was expected as I had stated yesterday.  Without FDA response today, no one wanted to hold thru the weekend.  However, giving the volume yesterday compared to today’s, I suspected a lot more people are holding for the FDA decision.

Today damage was 2.7% against my port and YTD losses is 4.1%.

Current holdings… and then there is six…

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

Notice that $HYGS is now my 2nd largest position.  $DMRC will have to earn its place back by climbing back up in the near future.

From my other account:

I bought $KNDI for the bounce and bounced it did; but it also took out my breakeven stop later on.

My 2 cents.


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07-25-2014 Trading Journal

Market had its correction for the week.


It was still a healthy correction with price closing above the 15 MA line.  The bear tried to push it down further but could not overcome the bull resiliency.

The winner of the day in my port is $HYGS. Price went ballistic and rallied 17.6% for the day.


With today rally, price took out the $20 as well as the 79 & 89 MA resistances.  The chart is very bullish with the next resistance being $23 established in early May.  Once that resistance is taking out, next resistance is at $28.75 established in late March.  Yes, it won’t be a straight line going up; however, positive earnings outlook coming soon in July 30th may propel price to take out these resistances easily.  I’m holding thru earnings, of course.

Fundamentally speaking, for those who are curious about today price rally, Hydrogenics has proven itself to be leader in Power-to-Gas energy storage system by being selected as a Preferred Respondent by the Independent Electricity System Operator (IESO) for Ontario in its procurement for Grid Energy Storage.  On top of this project, Hydrogenics “have already experienced the positive impact of having a highly visible reference site with E.ON in Germany” (excerpt from article in above link).

Power-to-Gas is one of Hydrogenics main products and solutions being offered.  And this part of the business has only just begun.  As more and more cities and countries begin to see the validity of the Power-to-Gas energy storage concept, Hydrogencis will be getting calls.  Here is the beauty of Hydrogenics Power-to-Gas energy storage system, “it integrates renewable sources of generation, converts surplus electricity to produce hydrogen or renewable gas, and leverages the attributes of the existing natural gas infrastructure.”

Now, you know why I’m holding this one for a long-long time.  $HYGS is my make-up for the missed $LNG trade in which I bought at $3 and sold at around $7 or $8 and missed the whole ride to current $75+.

I was fortunate to have $HYGS spectacular rally today ’cause my other six stocks were down along with the general market with $DMRC leading the charge.  Hence, my port was down only 0.3% and YTD losses is at 2.9%.

Like I said, all I need is a minimum of one of the seven stocks to have a knock-out rally before year-end to give me a positive year.  We still have the five months before the year is up.

Current holdings:

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

From my other account:

I daytraded $KNDI today with a small gain.  While I originally bought for a longer-term hold, I changed my mind when I saw my gain becoming smaller in late afternoon.

My 2 cents.


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