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Tag Archives: $CARA

05-19-2014 Trading Journal

Market continued the bounce from last Friday.

SPY_Daily

Even though the DOW was up slightly, the S&P500 looked pretty good on the chart.  Price is now near the top band of the consolidation range.

$AMRN made new low and I saw no reason to hang around holding my position anymore.

AMRN_daily

The new low was disappointing ’cause I didn’t think it could go that much lower.  Oh well, I took my “new” losses and moving on.

Later on, I noticed that $CCJ was trading near a low that has strong support going all the way eight months.

CCJ_daily

I bought a starter position to test the water with a hard stop below recent low.

I’m also seeing the same strong support in the $14 range for $CARA.

CARA_daily

Did you see how price traded near the $13-$14 range that goes back to February?  I also bought a starter position for the bounce.

$LRAD continued to excel by taking out the upper band of the consolidation range.

LRAD_daily

By doing so, it also took out the 79 MA line.  Let’s see if this one can take off from here in a big way.

Thanks to gain from $LRAD & $SVBL, it was enough to offset the losses from $DMRC, $KGJI, $SEED & $AMRN to keep my port at breakeven.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, CCJ, CARA and 16% cash.

From ,my other account:

$FITX opened down and I immediately unload my positions pieces by pieces.  When I looked back at it, I scratched my head on why I even bought it back last Friday for the bounce.  I sold it last week ’cause I felt the price would have a hard time going up due to $FITX having to apply for zoning permission to increase the size of the production facility.  And yet, on the next day, I completely forgot the reason for it and bought back for the bounce.  Today, I paid the price for forgetting…  Oh well, moving on.

My 2 cents.

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04-08-2014 Trading Journal

Market finally bounced today!

SPY_Daily

Wow! Did you see that price bounced off the 79 MA line?  Magical!

The morning didn’t exactly started out with a big bang going straight up, the bear actually tried to push the bull head under the water but only succeeded for about half-an-hour. The bull, after having suffered a moment of weakness with the bear’s taunting, finally realized that it could use its horn to gore the bear stomach.  Ouchwee… the bear let go of the bull and the bull bounced right back up.

Sensing the bull attack, I started to buy back starter position on $CARA and $SEED.

CARA_daily

The chart above shows that $CARA could bounce from here.  I like to see price takes out the resistance around $20.50ish.

Since I’ve been eyeing $GWPH, the surprised lower open gave me an opportunity to buy back some on the cheap.

GWPH_daily

The green bar after a near doji bar could be a formation of a bottom.  The next few days will be telling.

I like the higher open of $NUGT and added a bit more.

NUGT_daily

Price closed above the high of two trading days ago and is looking good for the next leg up to take out the 89 MA line. See how the 5 MA line is turning up along with the stochastic indicator below.

Thanks to the gain from $GWPH, $NUGT, and $CARA, my port was able to reduce the bleeding from $LRAD and $SVBL.  Ironically, the two new buys acted as a hedge instead of the $TZA which I sold yesterday.

Current holdings:

LRAD, SVBL, GWPH, NUGT, SEED, CARA and 55% cash.

From my other account:

$MCIG made a dramatic come-back today.

MCIG_daily

I knew that if yesterday high was taken out, price would go higher.  Glad I bought my shares back yesterday even though I got stopped out earlier in the day.

$FITX remained defensive but that is expected giving that the facility is still in the process of being completed.

My 2 cents.

 

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04-02-2014 Trading Journal

The market was beating around the bushes all day deciding whether to go up or down until closing time when it closed higher.

SPY_Daily

Price now is hitting against the resistance of the previous high for the 3rd time.  How it behaves next two days will provide clue on how commit this bull is.  Whether the phrase “3rd time is a charm” is meant for the bull or the bear remains to be seen.

Due to the indecisive behavior of the market during the day, I decided to jump the gun and take the safety approach by closing out positions to reduce my portfolio risk.

Seeing that $CARA was having a hard time staying above $20.00 after reaching as high as $20.70, I decided to close my positions to lock in gain.  I started hitting the bids piece by piece slightly under $20 and was happy to get out without dropping the price.

CARA_daily

Another reason I sold $CARA was because price crossed the resistance at $20.40 established in 3/19 and fell off. Because of the small float and lack of liquidity, I took the opportunity to sell when there were strong bids to take my sales.  Yes, I may miss the rally from here but that is the price I’ve to take for playing safe.

I also sold the followings:

  •  $SVA to cut losses
  •  $SEED to lock in gain
  •  $AMRN to cut losses

To hedge against my other two remaining positions ($LRAD and $SVBL), I bought $TZA and $FAZ.

Thanks to gain on $CARA today, it offset most of the losses from $LRAD, $AMRN, and $SVA.  Thus, my port was almost breakeven for the day.

Current holdings:

LRAD, SVBL, TZA, FAZ and 48% cash.

From my other account:

$MCIG took a small tumble and gave back yesterday gain while $FITX remained neutral.  Not much to write about.  Still holding long and strong.

My 2 cents.

 

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04-01-2014 Trading Journal

Market broke out of the consolidation range and headed higher.

SPY_daily

This definitely looked good for the rest of the week.  The next resistance is the previous high established in March 21st which when you think about it is not that long ago.  How price reacts to the old high will be telling…

$KNDI opened lower due to Cramer’s warning of “sell, sell, sell…”

Regardless of whether Cramer is right or wrong on his analysis of $KNDI, the last thing I wanted to do is to stand against his selling recommendation.   Thus, I sold in the morning not long after the open to cut my losses.  Although if I waited a bit longer, I could sell at close to breakeven; but one would never know if price would continue on a big waterfall or bounce, so it’s pointless to regret any action of cutting losses.

Next, with the free-cash made available from the three-day settlement, I added to $SVA, $SEED, and $AMRN.

$AMRN spiked up due to news of a co-promotion agreement with Kowa Pharmaceuticals America, Inc.  Hey, at this point, any co-working relationship with any pharmaceuticals is a plus. Thus I added more.

AMRN_daily

Notice price opened higher and closed around the same area.  I like to see price takes out the previous high of $1.97 and then $2.00 from there.  Perhaps, just perhaps, I may be able to recover my previous losses on $AMRN; however, I’m not holding my breath for this.

$SEED took out yesterday high and I added more; but price closed below yesterday high.  I’m still holding my added shares.

$SVA opened higher and I added more as well.

SVA_daily

Chart looked good so far with today price closed higher than the 5 MA line.  I like to see price takes out last Friday high.

Meanwhile, $CARA continued upward and put my position back in positive territory.

cara_daily

$CARA next resistance is the last pivot high of $20.40 established on 03/19/2014.

Despite a down day on $SVBL, my port continued to move up another notch thanks to $CARA, $AMRN, and $SVA.

Current holdings:

LRAD, SVBL, CARA, SEED, AMRN, SVA and 27% cash.

From my other account:

While $FITX ended the day slightly negative, $MCIG had a good bounce day.

MCIG_daily

I like the fact that price $MCIG price closed higher than the highs of the last five trading days.  Looking good so far.

My 2 cents.

 

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03-31-2014 Trading Journal

The market finally had a strong up day that did not end up giving back the gain by day close.

SPY_Daily

However, as seen from the chart, it fell short of taking out the upper range of the consolidation range.  Thus, I wouldn’t say we are out of the wood yet.  The next few days will be telling.

This morning, I bought starter position on $SVA and $KNDI and sold $MZOR for small losses.

$SVA opened slightly higher and I bought for the bounce.

sva_daily

We have an inside bar today so that if price takes out today high tomorrow, I’ll add more.

$KNDI also opened higher so I bought a starter position as well.

KNDI_daily

Since I only bought a small starter position, I don’t mind holding even when price was against me at the close.  Price bounced slightly today but the possible of a V-shape bounce is still in the card.

Again, I was lucky to dump $MZOR before the collapse later in the day.

MZOR_daily

At first, price opened higher and I was glad.  However, when price began to drop and did not bounce despite the DOW was going higher, I had a bad feeling so I sold my positions by hitting the bids that were available.  I was able to unload a bit above $21.00 for small losses.   Later, the price dropped as low as $19.53 before bouncing back some.  “Cut your losses” fast always save my day.

The highlight of the day was $CARA which gave me a nice 12.65% up day.

CARA_daily

I like the bullish engulfment bar today with higher than average volume.  Usually, a big bullish engulfment bar can kick start a rally; so let’s see how it goes this week.

$SVBL did not do so well today.

SVBL_daily

It dropped below the range of the last seven days.  Since I’m committed to this one for the long haul.  I’m going to have to take the heat on this one.

$SEED was also bouncing.

seed_daily

I like the fact the price is now trading above the 79 & 89 MA lines.

$AMRN closed lower today but the volume was relatively low compared to last week; so I decided to continue to hold.

Overall, despite losses from $SVBL and $AMRN, gains on $CARA, $SEED, $LRAD and $SVA more than offset the losses and put my port back up a notch.

Current holdings:

LRAD, SVBL, CARA, SEED, AMRN, KNDI, SVA and 32% cash.

From my other account:

Both $FITX and $MCIG bounced only a bit so I won’t bother to show charts.

My 2 cents.

 

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03-28-2014 Trading Journal

The market bounced hard in the morning but went out of air later in the day.  Nevertheless, it still closed up for the day.

SPY_Daily

You could see that it was a soft bounce. We need to see the market bounces hard next week to stop this bear attack from taking over the trend.  Based on after hour market on a Sunday afternoon, look like we may see a bounce coming.  But then, we all know too well that these bounces must stay firm at the close to consider a good bounce.  How the market closes tomorrow (Monday) may determine the tone for the rest of the week.

What I had done today (Friday) was a mixed bag of satisfaction and disappointment.  More like getting satisfaction in the morning and then being slapped with disappointment.

$KNDI opened higher and I immediately added more to average up.  Price continued to head higher and I added more.  By the time price broke out of the $17 resistance, I added even more.  My profit was immediate and it was looking good.  But then price began to correct below $17.00.  I continued to hold to see if it would bounce back above $17.  It did.  I relaxed a bit.  But the hold above $17 didn’t last.  Before I knew it, price fell back down below $17 and I wanted to see if it would re-bounce later; unfortunately, while I was waiting, price began to collapse like a waterfall and before I knew it, I was no longer in the money but was shown a little red.  Without hesitating too much, I began to liquidate some of my position to decrease risk and exposure.  Price continued to head lower and I decided to just dump the whole position ’cause I didn’t like the way price fell down so quickly from the $17.00.  Thus, from the morning of sitting on a nice profit to the liquidation of my position with a small losses, it was quite a ride.  By day close, price closed a bit below my last exit point.

KNDI_daily

See how price collapsed in mid-day in the 5m chart above?  It was a heady ride.  While I still believe in the fundamental story of $KNDI, I’m being mindful of the overall market correction which if the bear wins, everything will go down regardless of fundamental story.

Next, I bought back $SEED, $AMRN, $CERS, and $MZOR positions.

What?! $CERS again with the $40 million  potential dilution?

Yes, I asked myself the same question… but all I could say was that I couldn’t resist the morning chart pattern which was showing a bounce from a “almost” doji bar the day before.  Due to the fact that I closed out the $CERS position (again!) with another small losses before day close, I guess the “almost” doji bar did not offer a good probability here.

I bought $AMRN ’cause the chart looked like a breakout bounce was about to happen.

AMRN_daily

Thursday bar was a bullish engulfment candlestick bar; therefore, I decided to give this one another roll of a dice.  Thanks to Option Addict’s post about asshole stocks, it brought my attention back to $AMRN which was when I saw the bullish engulfment bar.  By day close, I’m still holding so let’s see if price can bounce next week.

Next I bought some $MZOR back due to a bounce at the open.

MZOR_daily

Since I still like the fundamental story, I was betting on the fact that the Thursday dramatic drop was over-done.  If price takes out the low of Thursday low, I will cut my losses.

$CARA dropped was expected due to earning report from Thursday night; however, I was just glad that the drop was not worse than I anticipated.  I believe $CARA has the potential to rally later in the year simply because the fundamental story has an excellent catalyst to be disruptive in the field of narcotic pain-killer.

CARA_daily

Notice that the price action on the daily chart was stabilizing despite a down day.  If the general market recovers, I can see $CARA bounce higher as well.

Thanks to $LRAD uptake on Friday, my port was at breakeven despite $CARA being down.

Current holdings:

LRAD, SVBL, CARA, SEED, AMRN, MZOR and 32% cash.

From my other account:

Both $FITX and $MCIG charts reflected a small correction; thus, I’m not going to bother with the showing of the charts.  Still holding long and strong.

My 2 cents.

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03-18-2014 Trading Journal

The market continued to bounce today.

SPY_Daily

It closed above the range which was a very good sign.

$KNDI opened higher and then went on to take out the high of yesterday.

KNDI_daily

But that didn’t last, not long after making new high, price dropped like a rock.  My mental stop was triggered and I sold at the market to protect profit.  Price then bounced around b/w the low of the day and yesterday close.  The SeekingAlpha article comparing $KNDI to other biofuel stocks like $FCEL didn’t help either.  I’m going to wait this one out to see what happen before venturing back in.  Although I mentioned that I would hold this one for medium long-term, I do change my mind from time-to-time giving the circumstances surrounding the price action.  Sometimes I’m wrong and sometimes I can get lucky; but I learn to follow my instinct, right or wrong.  Giving enough time, my instinct becomes another tool I use to trade the market.

$CARA continued to bounce.

CARA_daily

Price closed above the 5 and 15 MA line.  It does look like we may see a V-shape reversal after-all.  Notice that price bounced today on low volume.  That is why I don’t trust the selling when the float is so small.  You could be cheated out of your shares if you don’t have enough conviction.

$SEED also bounce off the support line today.

seed_daily

And the 5 MA line is now turning back up after touching the 15 MA line. I like to believe $SEED is heading back above $3 soon.

I’m glad to see $MZOR also bounced up.

MZOR_daily

It was good to see price moved away from the bottom range.

$SVA took out yesterday high and I want to go back in so I bought back some.

sva_daily

If price continues higher, I’ll add more when cash becomes available from the three days settlement.

$KGJI disappointed when price took out the lower range of the consolidation area.

KGJI_daily

What doesn’t look good is that price is now under the 79 & 89 MA line.  I need to decide what to do with my position real soon.  Perhaps, I will lighten the load a bit.

$LRAD and $SVBL didn’t do much today so I won’t post any chart on them.

Thanks to $SEED and $CARA, my port bounced back up another notch.  Now, my milestone target is only a stone-throw away.

Current positions:

LRAD, SEED, CARA, MZOR, KGJI, SVBL, CERS, SVA and 17% cash.

From my other account:

$FITX did a fantastic job blasting out of the downtrend line.

FITX_daily

Now, I like to see price takes out the previous high of  $0.10 set up on March 7th.

My 2 cents.

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03-17-2014 Trading Journal

Market had a nice come-back.

SPY_Daily

But we are not out of the wood yet.  See how price still settled inside the consolidation range?  Price need to get back above the top range to be considered back on the uptrend.

The big news today was the positive $KNDI earning announcement.  They sold more cars than the estimate 2,800 units they gave awhile back.  Basically, there are more individual buyers besides the car-sharing garage purchase.  Not bad!  And too bad for me staying on the sideline.  But that was price I paid to be a by-stander instead of a participator.  It was like watching an ongoing poker game as an observer instead of playing at the table.  Well, as they said, it could have gone the “other way”.

Nevertheless, today news practically convinced me that the drivers in China are ready to contribute to the clean air campaign by buying more EVs.  Thus, I went back in this morning paying up to $20 per share for the buy-in.  Only this time, I did not load up the boat as before, instead I bought a medium size position just as I would in a new stock- such as $MZOR or $CARA.  As far as I’m concerned, $KNDI is to me just another brand new trade with a new entry setup.  My past gain in $KNDI does not factored into this particular new $KNDI trade.  In other words, I will not be saying to myself thing like, “Oh, I had so much gain on this one I could fight the trend a bit more…”.  Instead, I will trade this $KNDI trade with all the proper medium-term outlook with its proper stop loss target.  If price continues higher tomorrow, I may add some more.

KNDI_daily

Price took out the previous high of $20.75 with super-high volume.  I can see a long-term uptrend coming for this one provided there are no major market correction during the year.

$CARA finally bounced today.

CARA_daily

Price touched the 50% retracement line and took off.  I can see a high probability that price will start to head back up and beyond.

$SEED continued to hold steady at the support line.

seed_daily

I can see the 5 MA turning up tomorrow or later in the week.

$MZOR finally succumbed and dropped a bit more than usual.

MZOR_daily

While price is still inside the consolidation range, it needs to bounce soon to remain on an uptrend mode.

$KGJI broke down some today and price dropped below the $1.85 resistance again.

KGJI_daily

Oh brother!  $1.85 resistance all over again!  Oh well, I’m waiting for the coming earning report to kick start the uptrend.  It will be nice to have this one bounces the way $KNDI did today.

To supplement my gold play ($KGJI), I bought a silver mining company ($SVBL) today. I’ll continue to accumulate as soon as more cash is released from the three days settlement.

SVBL_daily

The above is a monthly chart.  See how price began to turn upward?  Last month green bar was a bullish engulfment pattern. This month price action already took out last month high; therefore, I’m bullish on this one for long-term hold.  I also like the fact that this month is the ONLY month that price action took out the 5 MA line.

Thanks to the gain from $KNDI and $CARA, my port bounced up a notch despite some drops from $MZOR and $KGJI.

Current holdings:

LRAD, SEED, MZOR, CARA, KNDI, KGJI, SVBL, CERS & 10% cash.

From my other account:

$FITX had a fantastic break-out on the chart today.

FITX_daily

Did you see how today big green bar with relatively higher volume took out the downtrend line?  Once $FITX received the license from Health Canada, this is going to be a multi-years hold for me.  At least, this will be my other “$LRAD” play.  I’ve been trading profitably with $LRAD since 1998.  $FITX will become an even bigger game once the production of both medical and industrial cannabis begin.

My 2 cents.

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03-14-2014 Trading Journal

Market had another down day after spending all day trying to stay afloat.

SPY_Daily

But all is not lost, price still closed inside the consolidation range.  The first “if” I talked about yesterday haven’t been breached yet.

The only one stock in my port that sunk the most is $CARA. The rest of my position were either neutral, slightly up or down which had minimum effect on my port.

CARA_daily

While I’m taking a heat on $CARA, I didn’t mind much at all.  I guess my big win on $KNDI has afforded me the luxury to bide my time on this one.  Price has approached the 50% fib retracement from historical low to high, so let’s see if it will bounce next week.  Btw, I added some more today when it bounced in the morning.  However, I decided to keep my shares even though the price turned negative later on.

Speaking of $KNDI, earning report is supposed to come out Monday, although I’m no longer holding position for this pivotal event, I wish everyone who is holding good luck.  If it takes off based on positive events, I may start to look for re-entry point.

$SEED closed back neutral after taking out the $2.60 support.

seed_daily

Did you see the doji formation today right at the support line?  Meanwhile the  5 MA line is also approaching the 15 MA line, this could mean a potential bounce next week.  Sometimes. the 5 MA line will come back down to touch the 15 MA before it bounces back up if the uptrend momentum is strong.  Let’s see if this is the case.

$KGJI had a strong opening which took out the $1.85.  It reached as high as $1.94 before coming back down to close slightly lower.

KGJI_daily

Because of the spike up, I added some more in the morning.  I’m still holding my added shares ’cause I believe price will eventually take out the ultimate $2.00 resistance.  Once that is taken out, I believe price will fly.  Why?

$KGJI had been consolidating in a range for almost four months now and volume was also increasing recently.  With gold price as well as gold mining stocks climbing for the last several weeks, there is only so much the bear can do to keep $KGJI stuck in a range while almost every gold related stocks are climbing.  Thus, I believe once $KGJI is back in the limelight, price will soar.

$MZOR is also stuck on the consolidation range.

MZOR_daily

Although it was only for about two months, any good news will kick this one up to the upside.

$LRAD closed the week slightly down.

LRAD_daily

But if you look at the weekly chart above, what come to your mind?  It is in a bullish trend, isn’t it?

I also bought a small starter position on $CERS when it was up in the morning (which I forgot to mention on twitter), I decided to keep the position even though it closed negative for the day.  Having a small position will allow me to keep an eye on this and give me the opportunity to add more when price begin to climb again.

CERS_daily

Look at the weekly chart above, price has strong support at the $5.75 level.

Due to $CARA downdraft, my port dropped another notch.  However, I’m still up nicely for the year.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI, CERS and 24% cash.

From my other account:

$FITX chart looks very positive with a second green bar.

FITX_daily

There may be a good chance price may bounce next week.

My 2 cents.

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03-11-2014 Trading Journal

Market played the diver today by going up the springboard in the morning time and then jumped into the water not long afterward.

SPY_Daily

Price is still around the upper range of support so I would call this a healthy correction so far.

$SEED opened strong and I bought back the 40% shares I sold yesterday.  Everything was going perfectly until the mood changed in mid-day.

seed_daily

Since price is still above support, I decided to hang onto the shares I added back today.

$CARA also did a reversal after a stellar morning spike-up.

CARA_daily

So far, the chart still looks bullish with a healthy dose of correction..

$MZOR performed nicely considered that most every one did a reversal.

MZOR_daily

Price is still within the top range of the consolidation area.

$KGJI was still having problem breakout out of $1.85 resistance.

KGJI_daily

I added back some $KGJI I sold yesterday due to the morning surge.

$SVA,, like everyone, enjoyed a strong morning so I bought a medium size position looking for a bounce.

sva_daily

Price did not turn negative and the close was higher than yesterday.  So far so good.

$CERS looked like it was bouncing off from yesterday doji bar so I bought a starter position to test the water.

CERS_daily

Price turned negative for the day.  I will see if the $5.77 previous low @ Feb 3rd will hold before deciding what to do with my small position.

$LRAD remained neutral and range-bounded.

LRAD_daily

As long as it is not trending back down, I’m happy.

Basically, my port was in neutral zone after adding all the pluses and minuses together.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI, SVA, CERS and 22% cash.

From my other account, I was disappointed that $FITX traded lower while most other cannabis stocks went higher.  Oh well, what can I say but to remind myself to be patient.  Rome isn’t build in a day or a week.

My 2 cents.

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