Market continued higher; but I’m sensing a bit of wearisome here…

Nevertheless, it is only the first day of the week, let’s see where price goes the rest of the week. I’ll be cautiously optimistic from here.

I didn’t have too much cash free up from the three days settlement so I used what I’d available to buy back some $AMRN I sold Friday since price just won’t drop back down like it used to.

Price looked strong from the chart but it is now banging its head against the downtrend line.  However, if price takes out the high of $1.53 from May 28th, I may add more. While I sold too earlier before, I’ve to look at it from a new buyer’s perspective in order to jump back in.  If I was to “regret” my past action, I might not be able to buy back in.  Thus, it is important that we let the past be the past and look at each trade with a fresh eye even though you’ve just cut the trade.  It is all about catching the momentum and flow with it.  It is NEVER about catching the bottom or selling at the top.  Although sometimes catching the bounce at the right time may make it look like you have caught the bottom, the reality is that they are just coincident.

$LRAD continued to struggle in the consolidation range.

In the absence of news, price will be hanging around this area for awhile.  However, I like the fact that price is now climbing back above the 79 & 89 MA lines.

$DMRC bounced some more today.

Price is now climbing back into the 79 & 89 MA lines which, to me, is very positive.  Tomorrow, $DMRC’s Digimarc Barcode will be a showcase at the Food Marketing Institute (FMI) Connect 2014 being held June 10-13 in Chicago, IL.  Let’s see if this will move the stock this week.

Due to $LRAD correction, it offset the gain from $DMRC almost perfectly.  Thus, my port was even for the day. YTD remains at 3.3%.

Current holdings:

LRAD, DMRC, AMRN, and 42% cash.

My 2 cents.

 

Comments »

I’m amazed at the resiliency of the bull in the SP500.

While it was slightly down for the day, the bull possessed strength that the bear couldn’t overcome to make the market drop like a stone.

I bought back $AMRN for the bounce when price started to move up from the low of the day.

Price climbed back up to stay green after creating a lower low bar for the day.  Let’s see if the momentum will continue tomorrow on the upside.

Next, I bought $INO for the bounce.

Price looked like it was bouncing so I bought despite the fact that $INO will be doing a reverse split by end of the week on a 4 to 1 basis.

I think by doing a reverse split, management cover themselves by setting up a base level for the price to react to the coming Phase 2 result. If Phase 2 result is positive, the high price from the reverse split will allow fund managers to buy immediately to join the bandwagon.  And if Phase 2 result is less than expected, price still has a long way before it will drop below $1.00.  Thus, I’m betting on the side of positive result.

Due to corrections from $LRAD and $DMRC, the losses more than offset the gains from $BIOS.  My port gave back 0.50% today.  YTD gain is now 3.5%.

Current holdings:

LRAD, DMRC, BIOS, KGJI, SEED, INO, AMRN and 9% cash.

From my other account:

$NVLX is holding well so far.

Price is only a stone throw from breaking out of the downtrend line to head back up.

My 2 cents.

Comments »

Market continued to move higher after a pause yesterday.

Look like we have another rally May instead of a “sell in May and go away” month.

Today I sold $AMRN to lock in gain as well as some $BIOS.

I sold $AMRN ’cause there was no follow up to the rally yesterday.  Not long before close yesterday, there was a high volume sales that was as large as the afternoon spike which sparked my interest in buying more.  After noticing the big volume sell off, I concluded that the original large order spike must had been an input error on the part of the trader/fund.  Before closing, I’m guessing that the same trader/fund must have dumped the shares to correct the error.  With this assumption, I sold $AMRN when I found price could not hold $1.47 after some attempts in the morning.

By day close, $AMRN formed an inside bar which could be either a pause to the upside or a potential topping before heading back down.  I’m staying on the sideline for now.

Seeing that $BIOS could not move much in the morning and the S&P500 was struggling to stay positive, I decided to sell off the $BIOS position even though I thought it would be a good bounce from here.  If the market correct, $BIOS would surely go down quickly with it.

I was proven wrong when price took out the opening range to the upside.  Upon seeing the breakout, I bought back 50% of my original $BIOS shares.

Price closed with a doji bar.  Let’s see if this is a pause bar or a setup for a reversal.

$DMRC bounced back some today as well as $KGJI.

I like to see today pattern as a confirmation of $KGJI starting the 3rd wave of the 5 waves Elliott Wave pattern. In other words, $KGJI is going to take out the resistances ahead and rally hard since the 3rd wave of the Elliott wave is usually the longest wave of the 5 waves pattern.

Despite minor corrections from $LRAD, $SEED, and $DNN, gains from $DMRC and $KGJI more than offset the losses and my port remained slightly positive (close to breakeven) for the day.  In summary, my port did not move much today except to stay on the positive side.

Current holdings:

LRAD, DMRC, KGJI, SEED, BIOS, DNN and 20% cash.

From my other account:

Since I didn’t have $FITX to tie up my cash, I decided to venture in $NVLX. I’d been eyeing this one for awhile but didn’t want to get in until the downtrend was stabilized.  Today was the second up day since the downtrend so I thought it was time to get in.

Price today closed at the 89 MA resistance line but was above the resistance from April low.  If price can take out the 79 & 89 MA lines from here, $NVLX will be heading back up with the possibility of not coming back to this level ever again if their “cell-in-the-box” technology proves to be effective.

$FITX corrected some today.  Even though I don’t have any $FITX now, I’ll be watching it on the sideline.

My 2 cents.

Comments »

The market took a pause today to enjoy the view of the new frontier…

Here we have an “almost” doji bar.  We’ll find out if this a a pause doji or a topping doji by the end of the week.

Today, I had to take a big losses from my $SVBL position ’cause it broke thru below the $0.30 support and I was just getting tired of sitting on dead money for too long.  Ever since I bought $SVBL I had been sitting on red for most of the time I held this stock.  Not only was it not performing, it was tying up money I could use elsewhere.  Thus, when price broker below the $0.30 support, I knew what I had to do.

At first, I unloaded 1/3 of my position and held onto the rest.  Later, when I saw others were dumping as well, I began to unload another third when the bids were still there.  Somehow, once I got the momentum to unload, I felt the urge to unload the rest.  And so I did.  Even though I knew I was taking bigger losses by hitting the bids that were there, I was just glad to be rid of it.  I also knew that I could make my money back by putting the money into more performing stocks.  I figured I probably lost 30% of my principle in this $SVBL position.  Oh yeah, now that I was out, I’m sure this stock will now fly off to the moon. Why do almost everyone thinks like this?

See how price broke thru the long-term support that went all the way back to March of 2013.  For all intent and purpose, I did what I had to do based on one of my trading discipline- cut losses, regardless of how much losses you may end up with, when price broke thru long-term support.

I used some of the proceed to buy more $BIOS.

$BIOS broke thru the long-term resistance and stayed above it.  I wanted to add more so I used the proceed from sales of $SVBL to buy more.  If $BIOS management can grow revenues from here, I can easily make back money I lost from $SVBL.

I also sold $CLDX to lock in profit and to use the fund to buy more $AMRN.

$AMRN spiked up hard in mid-day as you can see in the 5 minute chart above.  Although there were a similar high volume sell-off near the end of the trading day, it was not enough to tank the price back down to the opening range.  Let’s see if there is continuing momentum tomorrow.

Thanks to $SVBL, my port dropped 2.6% today.  YTD gain is now 4.4%.

Current holdings:

LRAD, DMRC, AMRN, BIOS, KGJI, SEED, DNN and 2% cash.

From my other account:

While witnessing the continued rally of $FITX since I sold, I steadfastly refused to chase it.  Oh well, either I missed this boat or I save myself the headache of a gapped down stock price in the future.

My 2 cents.

 

 

 

 

Comments »

Up Up and Away!

Yeap, that was what the market did today. When you look back to the beginning of May, you may realize that “sell in May and walk away” doesn’t apply for 2014 as well.  Ok, I may jump the gun a bit since there are still four trading days left for the month; however, the market will have to fall hard the next four days to prove the “sell in May” theorem.  I can’t say the odd is against a falling market since the $SPY is now touching the upper band of the Bollinger band; but the after hour SP500 being up 6.95 currently tells me the bull is firmly in charge right now.

I bought $DNN today ’cause I was looking for a bounce.

The 5 MA line is hooking back up and the momentum indicators below also tell me that price may be about to bounce.  I’ve my mental stop below the low of $1.14.

$DMRC took a small pause after yesterday bounce.

Price is now resting at the 79 MA line which is also a good support.  If price takes off from here, it will be a breakout of the downtrend line from the recent symmetrical triangle.

$KGJI continued to correct a bit but the fall is decelerating.

The “almost” doji looking bar is a small range bar and it may be a potential bottom from here.  Notice that the low of the day landed right on the 61.8% Fib retracement from recent low to recent high.

$AMRN looked good today with a nice bounce.

However, price needs to climb back above the resistance at $1.36 first.  Let’s see if this can happen this week; $AMRN will need a strong script number from last week to make it happen.

$LRAD bounced off the 15 MA line and closed back above the 89 XMA line.

I say it looks good from here.

Due to small corrections from multiple positions, my port dropped 0.66% today and YTD gain is now 5.7%

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN, DNN, FSLR, CLDX and 4% cash.

From my other account:

I got cold feet and decided to sell all my $FITX after the morning bounce.  While $FITX is definitely laying down ground work for a strong future ahead with high caliber directors; there is still an unknown “waiting period” for the Health Canada licensing approval.  The longer we don’t hear anything about the HC, the harder it is to support current price and market cap.  Thus, I’m foregoing possible run from here to play safe with my cash.  I’m looking to buy back $FITX at lower price if possible to reduce my risk exposure.

My 2 cents.

Comments »

The bear tried to slam the ball back to the bull but hit the net instead.

Thus, the bull continued onward today and is outside the consolidation range once again.

I’m not sure if I’m obsessing with $AMRN or simply sensing that a bottom is about to set in.  The fact that I’m still taking Vascepa everyday for the last 15 months straight may have something to do with my continued interest in $AMRN.  In a subtle way, my body welcomes the Vascepa intakes and I’m feeling good taking it. So that is that.

Price looks like it may bounce from here.

$DMRC bounced back up from the 89 MA line!  If you haven’t caught on to the magical power of the 79 & 89 MA lines by now reading my journals, you are missing the picture here.  Granted that it is not 100% guaranteed to bounce from these two MA lines, but the probability of the bounce is so strong that you are skipping over a powerful tool if you don’t incorporate it into your trading system.

Today bar can be called a bullish engulfment candlestick pattern.  Let’s see if momentum can continue upward from here.

Despite a strong bounce from $DMRC, continued corrections from $LRAD and $KGJI ate away some of the gain.  Thus, my port only gained 0.77% for the day.  YTD gain is now about 6.4%.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN, FSLR, CLDX and 9% cash.

From my other account:

$FITX continued higher after forming the strong bullish engulfment bar yesterday.  This is a good sign.

Let’s see if it can continue the momentum tomorrow.  Nevertheless, we need to hear about the licensing approval soon or the price may start to drip back down.

My 2 cents.

Comments »

Market was holding its ground all day at the new high.

While the price movement was in small range, I considered it a great achievement that price did not fall back into the consolidation range. You could almost feel that the market is dipping its toe into the water on the new high territory.  Once it gets comfortable, price will have a high probability of continuing the rally from here.

After I read the earnings transcript on $AMRN, I believe that the business of Amarin may begin to grow from here.  Thus, I bought in when price was still down from the open.

While price gave back some gain at the close, we still have a bullish engulfment bar that may increase the probability of a bottom.

Seeing that $KNDI was opening higher, I added some more.

Oop! Price could not hold and collapse below $13.00.  ’cause I wasn’t watching the stock today, I did not have a chance to get out to cut losses quickly.  So I decided to give it a bit more time to bounce.  Price currently is still above the 5 & 15 MA lines; but if it breaks down below these two MA support lines, I may bail and cut losses.

I also added a bit more to $CERS since it bounced higher in the morning.

But price closed on the negative at the end.  I’ll see where price is heading the next few days before deciding what to do with it.

$SEED spiked up today ’cause another company in China want to buy them out for $2.50.

I’m aiming for $SEED to reject the offer and ask for more.  Thus, I placed a good till cancel order to sell my lot at $2.99 just in case.  Without any approval from the Chinese gov’t regarding $SEED GM seeds, it is difficult to justify a price of over $3.00.

$KGJI also staged a nice bounce today.

Look at that tall green bar!  There is earnings coming out later this week; perhaps, people are expecting another positive quarter.  How many positive quarters will it take for investors to finally believe in the legitimacy of $KGJI?

$DDD continued its rally and bump its head against the $51 resistance line.

As you can see, it went over $51 but failed to remain above it.  However, it still closed decently. Let’s see it tries again tomorrow.

$DMRC was down earlier but made a nice come back by the close.

See how the tail bounced off the 5 MA line and now closed above the 15 MA line?  The most important part is that price is still above the 79 & 89 MA lines which mean the overall trend is still bullish.

Despite falling price from $SVBL and $KNDI, gains from $DMRC, $SEED, $KGJI, and $DDD more than made up the losses and push my port another 1% higher. YTD gain is now 8.6%

Current holdings:

DMRC, LRAD, SVBL, SEED, DDD, KNDI, AMRN, KGJI, & CERS (100% invested/speculated)

From my other account:

While $FITX corrected some today, I’m basically still waiting for the Health Canada inspection result.  Some people are getting impatience and bailed due to some “alleged” zoning issue.  Oh well, this is speculation at its finest.

My 2 cents.

 

Comments »

The market made a dramatic come-back after opening down.

Look at that nice green bar.  This can only mean that the bull still has some sharp horns against the bear.

$DMRC published a white-paper that further supports the benefit of using Digimarc barcode for retailers. As far as I’m concerned, laser scanning for old upc barcode label is akin to VHS technology.  Image scanning is the new wave and Digimarc is all about image scanning plus more.

Price broke out of the resistance at $34 and closed nicely at $35.  All we need to hear is that a major private label retailer sign-on for the new Digimarc barcode and it may create a domino effect of other retailers to jump on board.  I’m going to hold this one for the long haul.

$KNDI woke up in the last hour of trading and price spiked up nicely.

Price took out both the 5 and 15 MA lines.  I may add more using the money from the sale of $AMRN today if price can maintain the altitude tomorrow.

$AMRN did not continue with last week momentum so I unloaded 40% of my position at breakeven to reduce risk.

The chart did not look particular bullish right now.  However, I’m still holding a decent amount for a possible bounce.

Thanks to rally from $DMRC, my largest position, and a few other positions, my port gained another 1% despite corrections from $KGJI, $DNN, $AMRN, and $DDD.  YTD gain is now at 8%.

Current holdings:

DMRC, LRAD, SVBL, SEED, DDD, AMRN, KNDI, NUGT, KGJI, DNN and 4% cash.

From my other account:

Waiting for $FITX to announce result of Health Canada inspection of facility and approval of license.

My 2 cents.

 

Comments »

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.

My 2 cents.

Comments »

The market bounced some today.

I like the fact that it closed above yesterday high. This confirmed the bullish stance especially when yesterday was a long tail bar which meant the bull came back strong from below and now it was able to hold its gain and some.

I added to $AMRN today anticipating a breakout of the $1.67 resistance.

It finally did but price closed right on the resistance level… wait a sec… it should be called support now.  Anyway, chart still looks good to me for a possible bounce to higher price.

I bought $NUGT back today ’cause price was bouncing after the open.

When price took out the opening range, I bought back a position. Let’s see if price can move higher from here.  I’m feeling that flight to precious metal is about to happen soon.

$DMRC moved higher today and is now near the resistance point of $34.3x.

Let’s see if it can take out that resistance tomorrow.

$CERS also bounced a bit higher.

I like the fact that price is now closing above both the 5 & 20 MA lines.

Thanks to rallies from $DMRC, $SVBL, $AMRN, $SEED, and $CERS, gain was more than offset the losses from $LRAD and $APRI.  My port gained 1% today.

Current holdings:

DMRC, LRAD, SVBL, AMRN, SEED, CERS, APRI, NUGT and 6% cash.

From my other account:

$FITX had a correction today but that was again a non-issue except to wait for Health Canada to inspect and approve the license.

My 2 cents.

 

Comments »