Bouncing away was the market way today.

Look at that nice bounce off the 15 MA line!

$KGJI announced that its Board of Directors approved a special cash dividend of $0.08 per share of common stock to be payable on July 31st, 2014 to stockholders of record as of June 30, 2014.  Seeing that my yield will be over 6% even if I added more today, I bought more to round up my investment size.  I believe $KGJI is having another stellar quarter such that they have more than enough cash to issue the special dividend.

Price spiked up but gave back much gain during the day.  There are simply too many investors who do not “believe” enough on this stock and its performance.  In time, this stock will eventually bounce and have its glory day.  I’m going to have to wait it out; meanwhile, it is nice to collect dividend while doing so.

$APRI took out yesterday low so I decided to sell my position to lock in small gain so I could use the proceed to add more $SWIR, $NMRX,and $KNDI.

Price fell right back into the middle of the symmetrical triangle.  If it can not bounce off the 89 MA line tomorrow, it does not look good.

$SWIR took out the 79 MA line resistance so I added more.

I need to see price continue upward and away from the 79 MA line to confirm the bull trend tomorrow or later in the week.

$NMRX corrected a bit but I added more anyway to round up my investment size.

Price maintaining above all MA lines offered much comfort in my holding this one.

$KNDI rallied hard today and I added more when it took out the 79 MA resistance.

Although price fell back below the 79 MA resistance, I’m going to see if it can continue the bounce.  If not, I may have to bail to lock in profit ’cause the 79 & 89 MA resistance can be tough to break thru.

$DMRC spiked up today but gave back all gain and some by closing bell.

Price probably will bounce around here waiting for news.

$LRAD bounced nicely today due to news that it received $1.7 million order from an International Navy in Southeast Asia.

Price jumped out of the consolidation range and closed above all MA lines.  Looking good so far.

$BIOS bounced off the 15 MA line and made an impressive run to the upside.

Unfortunately, the air went out and price fell back down some.  Price, however, still closed higher than the 5 MA line which is a good sign.

Today, five of my stocks were positive against three negative. Due to gain from $LRAD, $SWIR, and $KGJI, my port gained 1.25%.  YTD gain is now 6.5%.

Current holdings:

LRAD, DMRC, SWIR, KGJI, NMRX, BIOS, AMRN, KNDI and 2% cash.

From my other account:

Look like I sold $TRTC too soon since price bounced back impressively today. But then, I wasn’t willing to bet on the permit issuance; thus no risk, no gain.  So, I’m ok with that.

My 2 cents.

 

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Market tried very hard to continue last Friday bounce.

It succeeded to some extent.

$KNDI was showing sign of popping when it started to run after the open.  Due to strong showing at the open, I bought a starter position on $KNDI for the bounce.

Chart looked good with price moving away from the 5, 15, & 89 MA lines. If it takes out last Thursday high of $13.44, I may add more.

$DMRC continued to run nicely to the upside.

Today rally took out resistance at the $34.33 level.  I like to see it taking out the $37 resistance this week.

$NMRX rallied right off the 79 & 89 MA lines.

Chart looked very positive for a continuing run from here.

$APRI blasted off from the symmetrical triangle formation to the upside.

Although price gave back gain by after the opening range, price still closed above the downtrend line which is a positive sign.

Thanks to $DMRC rally, my port was up 1.25%.  YTD gain is now 5.25%.

Current holdings:

DMRC, LRAD, SWIR, KGJI, BIOS, NMRX, APRI, AMRN, KNDI and 3% cash.

From my other account:

I sold $TRTC today simply because it opened lower and the chart did not look good for near term perspective.

See how price went below all the MA lines with today being the second down day against a resistances at the 15 and 89 MA lines?  I’m not going to hang around to witness a possible drop from here.  Thus, I’m out for now.

My 2 cents.

 

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Finally, a correction I’ve been waiting for…

But I was stopped out of my $TZA yesterday; so too bad.  There is a support from the 15 MA line.  If price can bounce from there, the bull is active.

I didn’t do much except to buy a starter position on $GALE with the available cash released from the three days settlement.

Price was above the 79 & 89 MA lines and the 5 and 15 MA lines are both pointing up. Although today closed negative after staying up positive all day, I’m holding this one to see which way the wind blow in the near future.

$DMRC held steady and closed on the positive note and above the 79 & 89 MA lines which was encouraging for the bull side.

Sooner or later, $DMRC will explode upward when retailers start to adopt its barcode format.  Of course, I’m betting that its technology will be adopted.

$BIOS bounced slightly which was an impressive feat giving the market was down.

With a green bar today, I see the uptrend is still intact despite the down red bar yesterday.  I’m still holding my shares I bought yesterday.

$APRI tried to rally but was being dragged down by the bearish market.

Price breached the downtrend line to the upside.  It is important that price do not retrace from here; otherwise, the downtrend line may become a formidable resistance.

Due to correction from $LRAD, my largest position, my port was down 0.7%.  YTD gain is now 3.45%.

Current holdings:

LRAD, DMRC, SWIR, KGJI, BIOS, APRI, NMRX, AMRN, GALE and 7% cash.

From my other account:

$TRTC was holding well today.

Price advanced cautiously.  Still holding.

My 2 cents.

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The market simply refused to correct… as much as the bear tried to push it down.

After a brief downward movement that took out yesterday low, the market bounced back up to close even for the day.

Seeing the correction in the morning, I bought a starter position on $TZA with a hard stop below yesterday low.  So far, my stop wasn’t triggered and I’m still holding $TZA. Let’s see if this will bounce back up tomorrow.

Despite giving back gain by day close, $TZA still closed higher than yesterday close.  From the chart, strong support is at $14.30.  It may bounce from here if yesterday low holds.

Continuing with the downward momentum from yesterday in $KGJI, I decided to take advantage of this fall to buy back some of the position I sold last week.  I was able to buy back at similar prices I sold before.

Price was able to bounce back up to even by day close.  Now that I bought back some shares, I’m again ready for this one to take off.

I noticed that $APRI was bouncing off a symmetrical triangle formation in the daily chart; so I immediately bought back a position.

I was fortunate to buy in before the rally continued higher.

$DMRC also performed nicely today.

Price broke out of the downtrend line and moved higher in strong volume.  I like the fact that price closed higher than the high of the last ten days.  The most important thing, from my perspective, is that price closed above the 79 & 89 MA lines.

Fundamentally speaking, someone posted a link to an article on Walmart highlights technology at shareholders event

Below is an excerpt from the article:

In another presentation, Cory Gundberg, VP of strategic planning of Walmart Technology, said the retailer has begun including digital watermarks in store circulars, allowing shoppers to use mobile devices to research items as they peruse ads. The company is also looking into using the technology on product packaging, he added.

While the article did not mention Digimarc’s digital watermarks technology or the Digimarc barcode for product packaging, it is up to us to speculate that it may be it.

Today price advance could also be due to positive review at the Food Marketing Institute (FMI) Connect 2014 show today.  With a much faster check out time using Digimarc barcode compared to conventional barcode system, the technology is just waiting to be taken.

Thus, I’m going to be sitting on this one for a long time.

Thanks to $DMRC rally and a quick gain on $APRI, my port gained 1% today.  YTD gain is now 4.3%.

Current holdings:

LRAD, DMRC, KGJI, APRI, AMRN, TZA and 26% cash.

From my other account:

I decided to buy some $TRTC for a bounce.  $TRTC was a victim of bear attack from the SeekingAlpha article issued last Friday.  Price sank like a rock after the article.  I bought today ’cause $TRTC announced that it is going to take legal action.  As far as I’m concerned, taking legal action means you can back up your own story and support the libel suit; otherwise, you expose yourself to more attack in the legal system.

Price bounced nicely from the chart.  There is strong support at 34 cents.  Giving the trend of moving toward legalizing medical marijuana, I need to find a cannabis stock to speculate.on.  While $FITX is still waiting for Health Canada to inspect, I like the prospect of $TRTC from here.

My 2 cents.

 

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The market had a yoyo day… uip and down and up again.

Thanks goodness it closed on the higher side.  Today action meant that the bull hasn’t given up yet.  The uptrend is still on and the 79 & 89 MA lines are still trending higher.

Today, I continued to add to $AMRN position due to the fact that Pfizer is in take-over mood.  Not that it will buy out $AMRN but it may put other potential buyers in the mood.  I’m also thinking that monthly script may start to increase as a result of the partnership with Kowa Pharmaceuticals America Inc.

From the look of the chart, today bounce offsets Friday drop and keep the price above the support established back in late January. Let’s see if price can get back to the $2 area.

I also bought a starter position on $KNDI for the bounce after the collapse at the open.  The bounce was good but it didn’t last.  I was stopped out for losses since it was meant to be a swing trade instead of a buy and hold.

I also added to $APRI.  As long as price did not take out the lower half of the April 16th long green bar, this one has the potential to take out the resistance at $2.6x.

However, from the chart point-of-view, it has mixed signals.  Price staying above the 89 xma and the 20 MA line is a good sign but the momentum indicators below all point to possible over-bought.  I added more simply because $APRI is finally shipping their products.

I bought back $CERS here ’cause it looked like a formation of a double-bottom here.

From the chart, you can see the current double-bottom support goes all the way back to July of last year.  I expect this support to hold.  If price bounces from here, I may add more.  Earnings is coming out on May 1st and I feel that any bad news is already baked in the downdraft for the last two months.  So, the probability of bouncing is good.

$DMRC looked like it wanted to bounce so I added a bit more.

Today price action closed above Friday high which boded well for the bull side.

Despite some gains, losses from $KNDI and $SEED put my port at breakeven for the day.

Current holdings:

DMRC, LRAD, SVBL, AMRN, SEED, CERS, APRI and 14% cash.

From my other account:

$FITX continued higher and closed right on the resistance line.  It really doesn’t matter where price close these days ’cause the real key here is to get the license approval from Health Canada.

My 2 cents.

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The market struggled all day to maintain above water and it did but barely.

From the chart, while it was still a red bar due to a higher open, you can’t help but think it is quite bullish.

With market gapped higher on the $SPY, I was thinking of closing out my $TZA at the open.  I even placed a market sell order before the open.  Then I remember how $TZA had bounced right back up last several times when it opened lower.  So in about a minute before market opened, I cancelled the market sell order and placed a stop below the after hour intraday low to give $TZA some room to bounce.

And bounced it did.  As $TZA broke out of the intraday high, I added more. When it broke out of the opening range, I added again.  However, when price couldn’t hang on to the upper band of the opening range and started to fall off, I closed my positions to lock in some gain.  Since I’d seen my $TZA gain evaporated into thin air the last few times, I learned my lesson well.

I also placed a breakeven stop on $NUGT before market opened and was stopped out not too long later in the morning.

$DMRC did not stayed at the after hour low after open but instead traded only about 5% below initially.  Then price began to bounce and reduced the losses even more.  I started to add more shares by taking small bites at a times.  While price eventually gave back the gain from the bounce and ended the day down about 6%, I’m not worried anymore.

After reading the earnings call from yesterday, my belief in the company has gone up and I’m fully prepared to handle the coming drawdown against my $DMRC position.  With a small float and outstanding share of a little over 7 millions, this is not the stock to trade in and out.  This is one stock where I’ve to dig in my heel and hold it until the flower bloom.  Thus, it is now standing side-by-side with $LRAD as a long-term hold. Both have low liquidity.  Giving my aggressive purchase of $DMRC, it is now my largest position in my port with $LRAD coming in at 2nd place.

I’ve noticed that after I sold $AMRN yesterday, price was holding very strong.  Thus, I decided to buy back some shares for the hold.  I may add more tomorrow when fund becomes available.

$APRI chart looked good and news today gave me confident to buy back a position.

Notice that price is now above the 79 & 89 MA lines.  It is still well above the mid-point of the long green bar from April 16th.  A long green bar with high volume has a high probability of defining a bottom.  If price goes up tomorrow, I may add more if fund becomes available.

Due to drawdown from both of my two largest position ($DMRC and $LRAD), my port is down 2%.  YTD gain is now 9%.

Current holdings:

DMRC, LRAD, SVBL, SEED, AMRN, APRI and 33% cash.

From my other account:

$FITX continued to slide back down a bit more after hitting resistance yesterday.

At this point, I’m not worried about the day-to-day price action.  There is nothing to do but to wait for the Health Canada approval of the license.

My 2 cents.

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Why do I get a feeling that today is a groundhog day?  The SPY and $KNDI were doing almost the same thing as yesterday.

As the daily chart reflected, $SPY did another yesterday with a neutral day.

Now look at $KNDI.

Another long-tail doji that mimicked yesterday bar. Again, the chart is still bullish.  Perhaps, third time is a charm tomorrow?

$CERS, of course, collapsed after open.

I pretty much sold all my shares not long after open while I still had a small profit to lock in.  But I gave back a huge chunk of unrealized gain.  I sold ’cause I didn’t want to deal with the after-shock of the collapse.  Based on the earning transcript, look like we won’t hear from FDA until the 2nd half of this year.  That is another four months to go.  Thus, I’m going to move on to something else in the meantime.

With the available cash from sales of $CERS, I added to $MZOR, bought $SVA, $ATOS, and $APRI.

I bought $ATOS looking for the bounce;

and $APRI looking for a breakout against resistance.

.

Both fell backward before close.  Let’s see how they go tomorrow.

Because $KNDI fell back down to neutral zone after a strong morning rally, my port was pushed back one step by the fall of $CERS.

Small rallies from $KNDI, $SEED, $MZOR, and $KGJI helped cushioned the $CERS loss a bit.

I almost forgot, I sold $HALO ’cause price broke below yesterday low.  Since $HALO is another Baker Brother’s pick ($CERS too), I felt that the fall of $CERS may eventually affect $HALO as well.  This logic didn’t make sense but I went along with it anyway.

Current holdings:

KNDI, LRAD, SEED, MZOR, KGJI, SVA, APRI, ATOS and 4% cash.

From my other account:

I added some more $FITX to round up my position size.  I’m done buying.  Now I’ll just wait and see.

As you can see on the chart, $FITX closed near the support.   Let’s see if this can bounce tomorrow.

My 2 cents.

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Seems like a buyout potential is in the card giving the clue I find here:

Apricus Biosciences Inc (NASDAQ:APRI) Investor Alert: Investigation on Potential Takeover

An investigation on behalf of investors of Apricus Biosciences Inc (NASDAQ:APRI) in connection with a potential takeover was announced and NASDAQ:APRI stockholders should contact the Shareholders Foundation.

San Diego, CA — (SBWIRE) — 05/21/2013 — An investigation on behalf of investors, who currently hold NASDAQ:APRI shares, was announced concerning whether a takeover of Apricus Biosciences Inc would be unfair.

Investors who purchased shares of the Apricus Biosciences Inc (NASDAQ:APRI) and currently hold any of those NASDAQ:APRI shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.

The investigation by a law firm is at an early stage and concerns whether a potential takeover would be unfair to NASDAQ:APRI investors.

On May 14, 2013, Apricus Biosciences Inc disclosed that on May 14, 2013, the Board of Directors of Apricus Biosciences, Inc. voted to terminate Apricus Biosciences’ Shareholder Rights Agreement dated as of March 22, 2011, by and between Apricus Biosciences and Wells Fargo Bank, N.A., as rights agent.

Shares of Apricus Biosciences grew from $2.50 on May 14, 2013, to $3.409 on May 20, 2013.

However, given that NASDAQ:APRI shares traded in early 2012 as high as $5.49 and that at least one analyst has set the high target price for Apricus Biosciences shares at $8.00 per share, the investigation by a law firm concerns whether the Apricus Biosciences Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders’ best interests in connection with the proposed sale.

Shares of Apricus Biosciences Inc closed on May 20, 2013, at $3.35 per share.

Those who are current investors in Apricus Biosciences Inc (NASDAQ:APRI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

Media Relations Contact

Joelle Day
Media and Client Relations Manager
Shareholders Foundation, Inc.
858-779-1554
Email

Follow Shareholders Foundation, Inc.:

Share on rss

Shareholders Foundation, Inc. – Logo

Disclaimer: I’m not familiar with Shareholders Foundation, Inc., so you have to take this piece of information at face value.

Nevertheless, I added more because price took out the high of Feb 11th again.

Click here for link to the article above.

Click here for link to Shareholders Foundation Inc.’s page on Apricus Biosciences, Inc.

My 2 cents.

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After taking my quick profit yesterday, I assumed $APRI fun was over for good with short-sellers taking over.  But this morning action told me otherwise.  After open, price action started to kick off to the upside.  Not to miss this speculation play, I bought back some shares to join the thrill ride.

If momentum continues the way it is now, $APRI may be breaking out to the upside after taking out the Feb 11 high of $3.42.  If, a big IF, there is a buy out in the card, this one can go a lot more…

Below is the daily chart:

Below is the weekly chart:

Notice that this week bar has already broken out of the two 79sma and 89xma lines.  Notice also how the two ma lines are merged together this week.

My 2 cents.

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Although we have a another up-day for $APRI, price is still at the beginning stage of a triangle breakout in the weekly chart.

Take a look at the weekly chart below:

 

What it means is that if the breakout to the upside happens on the weekly chart, we are still in the infantile stage of a run.

My 2 cents.

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