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11-07-2014 Trading Journal

Looking to the right, then left… nothing in sight, the bull then cautiously trotted onward.

SPY_Daily

Price continued to move higher; however, it needs to pick up speed soon or it may start to dip down.

Today was a correction day for my port. Except for the energy and gold, the rest was down.

I added more $NUGT when it took out yesterday high. Unfortunately, I was still recovering from Wednesday stop-out when I loaded up big; thus my position is only half of what I bet in Wednesday’s chip size..  In hindsight, I was one day too early in loading up.  Sometimes, suffering a bigger hit can affect your propensity to remain aggressive in the same stock.  Instead I diversified my cash to $URA to play safe.  Although $URA also bounced, it did not bounce as much as $NUGT.  But these are all hindsight talking, I should be happy that today price gain on $NUGT recovered the losses I took in Wednesday stop-out.  And I should be happy that I went back in despite multiple times of stopping out for small losses.

NUGT_daily

While the bounce is impressive, it has yet to prove that the bottom is in.  Although I like to load up “at the bottom”, sometimes you just have to take the gift of the momentum when you see one.

NUGT_weekly

The weekly $NUGT chart above shows the first weekly green bar after nine consecutive red bars.  I may add a bit more if price continues to advance.

$URA has an impressive bounce today.  I’m so glad I’ve decided to buy some yesterday.  Sometimes chart reading can help you get that “nudge” to move in.  The double-bottom setup was a tale-tell sign even though it wasn’t a guarantee, the odd is better than 50% a bounce can happen if the price did not drop the following day.  That was why I bought yesterday when it did not open down to negate the up day before. And when price opened higher today, it increased the odd of a continued bounce so I double-down after the open.

ura_daily

Weekly chart below:

URA_weekly

Both daily and weekly charts show a strong bounce.  As long as price does not take out recent low from here, I believe we are seeing the bottom in uranium.

$BAS also bounced but not as much as $URA.  However, I’m taking any bounce regardless of % gain since a continuing upward momentum is needed to change the trend back to up.

BAS_daily

At least the price closed above the 5 MA line which is a good positive sign.

BAS_weekly

The weekly chart, on the other hand, is not so encouraging.  The next weekly bar needs to take out the high of this week bar to confirm a good reversal bounce.  Nevertheless, the 2013 low is right below to act as support.

$DMRC spent the week consolidating around the low of Monday down day.

DMRC_daily

I take it as a good sign that price did not break below the 23.6% Fib retracement support (blue line).

DMRC_weekly

The weekly chart above simply shows a normal correction after three weeks of up bar.

$LRAD corrected a bit more today.

LRAD_weekly

While there wasn’t much of a follow-up to Tuesday big move day, the weekly bar above still shows a price increase from last week.  In other words, price is advancing slowly. I’ll take that anytime any day over a down week.

$ORBC was down ’cause the secondary offering is priced at $5.60.  Price has no choice but to follow-thru to find the equilibrium.  But it doesn’t need to stay there as I’ve learned the hard way from $CLDX which I got out after the offering and missed the spectacular rise from $7 to $20+.

ORBC_daily

I like the way price regained momentum to close near the high of the day.

ORBC_weekly

From the weekly chart above, I like the fact that price regained momentum to close above the 89 MA line.  I’m excited about the acquisition for I believe it will put $ORBC into strong competitive advantage over the long-run in the M2M sector.  I’m holding this one for long-haul.

Due to corrections from $LRAD, $DMRC, $ORBC and thanks to gains from $NUGT, $URA, and $BAS that helped cushion the losses, my port gave back 2.2% for the day with YTD gain now at 10.5%.

Current holdings:

LRAD, DMRC, ORBC, BAS, URA, NUGT and 3.8% cash.

From my other account:

$MCIG had a good week with this week bar higher than last week.

MCIG_weekly

I’m waiting for my dividend share of the spin-off for Vitasig.

My 2 cents.

 

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11-06-2014 Trading Journal

The bull continued to trot upward in a fine sunny day.

SPY_Daily

New high and you can see the uptrend has been staying on top of the 5 MA line all the way which signify a strong bullish tone.

Today, I bought $URA to look for a possible double-bottom on uranium play.

ura_daily

As you can see on the daily chart above, price bouncing yesterday set up a potential for a double-bottom from mid October.  Due to price not trading down in the morning, I decided to buy a starter position to see if this double-bottom can hold.

$BAS also bounced some more today which improves the odd of finding a bottom with the 2013 low as support.

BAS_daily

The blue line you see in the chart is the line of the 2013 low.  Let’s see if price can continue to climb from here. Yesterday, I forgot to mention that I got the idea of $BAS from Mr. Cain Thaler of the ibankcoin.com.  Mr. Thaler penned a post about $BAS and I like what I read; thus I chose $BAS as my bottom-picking oil play.

$DMRC continued to hold the ground at the 23.6% fib retracement level.

DMRC_daily

Today was a small range low volume day which is to me a day to rest a bit after a yoyo weak.

$LRAD continued to fight against weak and impatient traders while waiting for earning announcement.  From my quick search, last year November earnings reporting date was Nov. 21st; so we should be expecting the same time frame for this month earning report.

LRAD_daily

Price is still strong to stay above the 5 MA line.

$ORBC announced today that it is to acquire SkyWave Mobile Communications for $130 mln. and on the same day also announced a public offering of up to $72 million of its shares of common stock.  On top of that, earnings announcement will be on November 10th.

My only response is “Wow!”

I’m thrilled!  I don’t care how the market is going to react tomorrow but I’m excited about the prospect of $ORBC becoming the largest global space-based M2M communications company.

ORBC_daily

 

Since these announcement came in after hour, the chart above showed a neutral stance.  Tomorrow, we will see how the market react to this news.  It’s really a toss since you have a secondary offering against an acquisition.  I’m glad I chose $ORBC despite the fact that I gave up $SWIR to focus on this one.  We will see if $ORBC can regain what I’ve missed in $SWIR spectacular run.

I also bought back a small position on $NUGT when price opened higher.  Since it is a small position, I use a mental stop instead of a hard stop.  By closing bell, I’m still in.

Thanks to $LRAD bouncing back, my port was up slightly with a day gain of 0.4%,  YTD gain is now at 12.7%.

Current holdings:

LRAD, DMRC, ORBC, BAS, URA, NUGT, and 5.9% cash.

From my other account:

I’m so glad I sold $FITX yesterday to cut my losses; otherwise, I would suffer another 43.6% losses.  Meanwhile, $MCIG got approval to spin off Vitasig.  Yay!  I will be getting a 1 to 1 dividend shares on the spin-off.  My last positive result from a spin-off was the Parametric Sound Corporaton (formerly PAMT).  PAMT was a spinoff from $LRAD.  I know not all spinoffs are the same but I like the concept of Vitasig so I’m betting it will work out.

My 2 cents.

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11-05-2014 Trading Journal

After having its fill of grass, the bull simply trotted up the high point of the hill…

SPY_daily

I believe the bear is in hibernation.

Today, I got “tricked” by $NUGT once again.  Price opened lower but quickly gained momentum to rally hard.  I then began buying and adding during the day after price broke out of the opening range.  My position was in pretty good shape until the afternoon when price began a waterfall.  My hard stop at intraday low was hit and I was out with a losses.  Ouch!

$BAS opened a bit higher and I decided to build a position for the long-haul as long as my hard stop is not hit.  Fortunately, $BAS did not trade lower like $NUGT did in the afternoon.  It corrected from the day high but still managed to close positive for the day.

BAS_weekly

As you can see from the weekly chart above, price bouncing today means the 2013 low is holding the ground as support.  This is the main reason I chose to buy in today to see if the 2013 support will hold.  My hard stop is below $11.00.

$DMRC behaved like a yoyo this week.  It was down from yesterday up.

DMRC_daily

It’s going to take a bit of time for its mobile payment solution to take traction.  After rereading its technology and solution, I believe $DMRC’s mobile payment solution will help retailers of all sizes to participate in the mobile payment revolution.  It is basically a turn-key mobile solution for anyone who want to offer this payment method.

$LRAD and $ORBC did a fantastic job coming back from a bearish attack.  $LRAD closed slightly lower while $ORBC closed positive.  I also sold $GALE for small losses ’cause price dropped after open.  I bought it for the bounce and not to put up with the defensive posture.

Due to $DMRC correction and losses from $NUGT, my port gave back 1.4% today with YTD gain at 12.3%.

Current holdings:

LRAD, DMRC, ORBC, BAS and 8.2% cash.

From my other account:

$FITX again disappointed by gapping down right off the gate.  Turned out that it is still having problem with the City of Lakeshore. Enough is enough, I sold to cut losses and moving on.  I’m still keeping $MCIG for the long haul.

My 2 cents.

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