“Bear market?  What bear market?”

And the bull kept on going, going, and going.  The above is the weekly chart. A very powerful green bar coming off the high volume hammer-like candlestick from previous week.  It isn’t that far from previous high, you know.

Today was a learn to trust your “instinct” lesson in the disguise of the $AMRN trade.  Early this week, I sold my whole position of $AMRN for a gain (instinct) and watched the price spiked back up to $1.10 before price settled back down.  Seeing that price wanted to go up, I was anxious (lesson: anxious is definitely NOT instinct) to buy it back the next day (which was yesterday). Seeing that price was holding at $1.05 at the open and that there a large bid supporting the price, I added some more this morning.  Then I went on my merry way.

“Whoa!” was all I could muster when I came back to look at the price after being away for awhile.  Price was printing $0.97 cents when I checked on $AMRN.  Without hesitation, I immediately liquidated my entire positions to cut losses.  The daily chart looked ugly:

As you could see, price cut thru the support of the whole week (new low for the week) and the volume was very high.  Somebody knew something and was dumping en mass.  If there is follow-thru next week with a new low, this could get even more ugly.  I’m going to see how low this will go before picking bottom.

Asides from cutting losses with $AMRN, I again went back in $NUGT but with a smaller position.  This time I decided to do away with the hard stop and opted for a mental stop.  The smaller shares allow more room for this stock to fluctuate around.  By closing bell, I’m still at breakeven from this morning entry.

Meanwhile, $DMRC continued to march ahead.

The weekly bar above reflected a turning point.  What I like about the chart is that price is now on top of 79 & 89 MA lines.  Looking back to January, you could see four consecutive up bar after the 1st up bar.  Will $DMRC repeat this pattern?

$LRAD, while it did not have the same “punch-out” pattern of $DMRC’s weekly bars, it showed a resiliency to hold the fort.

At least, it was a green bar above the middle of the Andrew Pitchfork line which could be a preparation for a coming bounce.

$ORBC is an example of what I prefer not to see.

It is a weekly red bar that showed it gave back gain from last week. However, the good news is that price is still above the 79 & 89 MA lines.

Due to losses from $AMRN, the gain to my port for the day was reduced to 0.2% despite a good showing with $DMRC rally.  YTD gain is now at 8.5%.

Current holdings:

LRAD, DMRC, ORBC, NUGT and 14.7% cash.

From my other account:

$MCIG weekly chart showed that it is holding steady here.

In other words, price is still basing here and have not made any move to the upside yet.

My 2 cents.

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After a good rest, the bull marched onward.

Price is now above the 89 MA line.  It needs to go higher to take out the 79 MA line.

Today, I bought back $AMRN but missed $INFN. I did not want to chase a higher open ($INFN) and had waited for a retracement that never came.

However, my two largest positions were doing fantastic- $LRAD and $DMRC.

Below is the $DMRC daily chart:

Price finally broke out of resistance that began in early August.  By doing so, price also took out the 79 & 89 MA lines.  Chart looks very good for a continuing rally from here.

$LRAD also took off from support.

Price bounced off from the 79 & 89 MA lines and took out the 15 MA line as well.  All is waiting for the large order of the mass notification system from one or two of the Middle East cities.  When good news come, this one will pop hard.

What can I say, I missed this beautiful gap up $INFN trade.

By not chasing it in the morning, I missed the follow-thru run.  Instead I went to buy $NUGT again and got stopped out.  Thinking back, the risk of chasing $INFN may be less risky than catching a falling knife on $NUGT.  I need to remember this lesson next time.

$ORBC was disappointing today ’cause it went down.  $AMRN was practically breakeven although it dropped slightly.

Thanks to $LRAD and $DMRC, my port gained back 3.7% today with YTD gain at 8.3%.

Current holdings:

LRAD, DMRC, ORBC, AMRN and 9.8% cash.

From my other account:

I added a bit more $MCIG.

Price is beginning to form a bottom with an inclination to move higher.

My 2 cents.

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Whoof!  The sudden movement went right pass your eyes and you could barely made out the shadow.  The gust of wind smashed your face with such force you had to find out what was moving so fast.  You took out your binocular and saw the horn of the bull before it disappeared into the horizon.

Up, up and away. And the bear finally lost its grasp…

Today, $LRAD, $DMRC, and $INFN went along with the general market.

$DMRC cautiously closed higher.

Price is at a very critical crossroad.  It is only a stone throw of crossing over the 79 & 89 MA lines. These MA lines are also happened to be at the resistance line of $25.4x that began all the way from early August.  Thus, a break out from here will signify a powerful rally ahead.  If not, it will fall back down.  Tomorrow after market close is the time when the fat lady sings.

$INFN also closed higher.

The bounce is strong but price is now at the Fib 61.8% retracement from the recent down trend.  $INFN is also reporting tomorrow after hour.  The prospect of getting two surprises tomorrow makes it a special event day- one that will impact my port one way or the other.  I’m leaning on the positive side, of course.

I got slapped by $NUGT today.  Price went higher after open and I double-down expecting it to hold steady or go up.  Instead it came back down to hit my stop for the new add.  At the close, I’m still holding my original position with the GTC hard stop still intact.

Anyhow, thanks to the three positive closings, my port gains another 1.4% with YTD gain at 7.1%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT, and 2.8% cash.

From my other account:

I decided to buy $MCIG as my way to get back into the cannabis/eCig sector.  I like $MCIG for both technical and fundamental reason.  Fundamentally speaking, mCig announced it has executed a landmark distribution agreement for VitaCig covering South Korea.  To me, this is very big in term of getting a strong push in promoting its VitaCig ecigeratte. Per news release, this may be the first of the many international deals in the near future.  I’ve reason to believe mCig may eventually become a main stream player with its popular VitiCig.  Why do I say that?

Well, I actually ordered the Viticig and gave it a try.

I couldn’t believe the amount of vapor (look like smoke) I could blow out from the tiny eCig.  I shared it to others and they all loved it.  And not only that, the price is quite right ’cause it is very affordable.  So, with proper marketing, VitiCig can hit the mother lode.

Technical speaking, the bounce today with high volume is a good sign that a bottom is settling in.

See how the 5 MA is turning up as well as the momentum indicators.

My 2 cents.

 

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The bear didn’t have a chance.  The bull simply dragged the bear along in its pursue of height.

The above is the weekly chart.  See how it ended the week escaping the tan rectangular box?  While it didn’t close above the box, it was definitely good enough to call it a win for the bull.

While the market was up, my port had a minor correction which was to be expected after it had defied gravity for most of the week.

I sold $KNDI in the morning when I still had profit to take.  I didn’t like the high open and then a sell-off afterward.  I also bought some $NUGT for bottom-fishing with a GTC hard stop below the lower bollinger band from the daily chart.  I wasn’t stop out by day close.

$LRAD and $AMRN were even for the day with $DMRC, $ORBC, $INFN, and $NUGT closing in the negative territory.

Below are the weekly chart which show more bullish tone except for $AMRN and $NUGT which are more on the fences.

$LRAD weekly chart below::

I like the fact that price closed above the middle line of the long-range Andrew’s Pitchfork (purple lines).

$DMRC weekly chart below:

This week bar completely recovered from last week red bar. Now it just needs to get over the 79 & 89 MA lines to begin the bull move.

$ORBC weekly chart below:

It was a strong green bar above the 79 & 89 MA lines.  Breaking out of $7 resistance will be the next target.

$INFN weekly chart below:

While I was late going in, this weekly bar looks strong for continuing upward momentum.  Price is also above the 79 & 89 MA lines.

$AMRN weekly chart below:

Price was neutral at the bottom.  Price needs to stay above $1 for survival sake.

$NUGT weekly chart below:

What more can I say, it is a catch-the-falling-knife play with a hard stop.  The reason why I decided to play this one is because of last week “almost” doji bar. It could mean a possible bottom. If it bounces from here, I’ll be OK; if not, I’ll be stopped out for sure.

Due to some minor corrections from $DMRC and $ORBC, my port gave back 1.2% for the day with YTD gain at 5.39%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT and 3.6% cash.

I noticed that $IBIO went higher today to close above $3.  While I did not take the trade, I’m happy for those who is sitting on profit.  I’m quite content with the money I made off from $IBIO and was “relieved” to be free from it.  To get back in will cause me to stress out about giving back gain I’ve made.  $IBIO is currently floating on air based on nothing more than their IP portfolio.  Any news of containment of the Ebola over the weekend will cause a gapped down situation in Monday morning.  I for one will certainly wish that this deadly Ebola will be contained over the weekend.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

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The greedy bear made one last pull and took the bull down at the open; but the bull had enough of the BS and climbed back up with such brute force that the bear could not stop the advance no matter how hard it tried.

Price climbed back up in the middle of the tan area which was good.  It also didn’t take out yesterday low which was double-good.  Now, the bull is set up to move higher; but it needs to take out today and yesterday high first.

Today, all positions on board are in green.  I dropped $CERS and bought $INFN and $KNDI.  I also added to $AMRN.

$LRAD finally made a small bounce.  At this point, any bounce is good.

Price did take out yesterday high so I believe we may see a bottom here.

$DMRC continued to surge ahead.

Price is now touching the 79 & 89 MA lines which are also converging into one.  I believe price will simply walk pass this magical lines tomorrow and rally hard in anticipating of next week earnings call.

$ORBC, like $DMRC, has been rallying hard this week despite general market turmoil.

Price is now gunning for $7 resistance.

$AMRN finally broke out of $1 resistance!

I’m glad I added more in the morning.  As you can see in the chart, price is forming a smooth slow curve heading back up.  It will probably be a slow grinding up from here.

I bought $INFN today for the bounce up. I had bought $INFN in the past but got out too early and missed the rise to $11+ from my 9ish entry point.  Now, I see an opportunity to get back in.

Price continued to bounce off the 79 & 89 MA lines.

$KNDI bounced hard after opening lower.

Seeing price took out the opening range, I decided to buy some shares to see if this has leg.

Thanks to all six stocks going up, my port gained 2.4% today and YTD gain at 6.6%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, KNDI and 2.8% cash.

From my other account:

With DOW opened negative and $KNDI opened lower, I decided to close $KNDI position while I still had some gain left.  Turned out it was not a good move hindsightwise.  However, this mishap was more than offset by my “another” fortune of $IBIO gapping up after I got in yesterday at $1.30+.  Without hesitation, I sold at the open to lock in gain once again.  Although I did not buy as much as before, i still enjoyed the gain.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

Comments »

The bull, apparently suffered from vertigo, fell over backward and then rolled down the hill.  After vomiting out yesterday’s digestion due to the spinning sensation, it felt a bit better and was able to crawl back up some.

It was an ugly day but yet a redeeming one as well.  The price stayed inside the tan rectangular box and was a green bar that reflected the tenacity of the bull.  There may still be hope for the bull.

I’d another fortunate day.  While $LRAD went down quite heavy in the day, it managed to come back to minimize the damage.

That was a very nice long-tail doji with price closing very near the 79 MA.  If price can take out the high of today bar, it will be a very powerful bullish reversal signal.  In other words, $LRAD may find its bottom today.

Meanwhile, three of my other stocks closed higher for the day despite a down market.

$ORBC had a spectacular price momentum today.  You would think that there were no large market down day just by looking at $ORBC daily chart.

Price obviously cut thru the 79 & 89 MA lines like hot knife thru butter. Imagine where price will go when the general market begins the bull run again.  Something is cooking at $ORBC and I don’t know what it is.  But I don’t mind it ’cause I’m always bullish with their brand new state-of-the-art M2M satellites they have launched with more to launch by year-end.

$DMRC continued on higher which was quite a performance in a down day considered it was a low float stock that was easy to be manipulated.

As you can see, price is approaching the 79 & 89 MA lines.

$CERS is finding its footing giving current virus and baterial infectious climate.

Price actually filled the gap and bounced back up which is a good sign for the bull.

$AMRN was the second stock that was closed negative; but it was a small dip so I’m not going to put a chart on it.

Thanks to stellar performance from $ORBC and $DMRC, the gains were more than enough to offset $LRAD’s drawdown to still bring my port up by 0.5% higher.  YTD gain is now at 4.2%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.3% cash.

From my other account, I bought back a small (10% of original size) number of $IBIO for the bounce.  I also bought some $KNDI to test the water.  Both are in the black after closing bell.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

Comments »

The market really tried hard to rally; unfortunately, it went out of mojo to maintain altitude.

While price gave back most of the gain during the day, it at least closed higher.

Today, four out of five went up.  It was $LRAD that closed negative.

Nevertheless, price is finding support at the 79 & 89 MA lines.

$DMRC continued to head higher in anticipating of next week earning conference call.  Will the big retailers’ name be revealed?  Do they like the Digimarc barcode?

If price can take out the 79 & 89 MA lines to the upside, we are heading higher.  And if there are positive news regarding the big retailers, we will see a rocket launch soon due to the fact that $DMRC has a super small float of only 6+ million shares.

$ORBC also had a good day with strong momentum behind it.

Price broke out of its tight consolidation and approached the 79 & 89 MA lines to the touching point. Will it simply walk over the lines tomorrow?

$CERS had a spike up day.

Price is now on top of the 79 & 89 MA lines.  If it can find support on these two lines, it will be in good shape.

Thanks to four stocks being up, my port, after offsetting $LRAD drawdown, still came out with a 1.4% gain for the day.  YTD gain is now at 3.7%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.3% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

Comments »

The bear wasn’t done yet and the bull could not climb against a slippery slope.

Nevertheless the bull may have a resting place to pause and possibly to bounce as well.  Notice that price today closed right at the August low which is now a support or a double-bottom.  There is a 50/50 the bull may bounce next week.

With fortune blessing, I’d a good day today.  It all started with my attention on $IBIO yesterday.  A small voice in the back of my head said, “Hey, load back $IBIO at 70 cents with the cash you got from selling $KNDI and $CERS.”

But I wasn’t ready to load up on a hi-beta biotech stock in the middle of a down day when my port was getting hammered.  So I passed.  But when I noticed that $IBIO opened higher (> 90 cents) this morning, I checked for news and there were none.  Then I checked for the latest Ebola news to see if this virus had been contained.  It is not.  The guy in Texas died.

“Somebody knows something?” I thought to myself.

I waited a minute or two after the open to see if price would sell back down below 90 cents.  Nope.  Then price started to move to 95, 96, 97 in succession.

That is!  I’m going in.

I started buying ’cause my intuition told me price was going to break out $1 very soon.  Resistance developed around 99 cents but I didn’t care, I just kept buying to build my position up.  After I built up to 50% of my original size.  I stopped.  I thought of adding since I still had plenty of cash left.  Then my cautious side told me to spread it to other biotech such as $CERS and $AMRN.  $CERS was bouncing in the morning so I bought back what I sold.  $AMRN was holding strong at 99 cents to a dollar so I checked the script number for the week.  It was up so I bought back in at a dollar.  If script number can climb over 10,000 per week soon, $AMRN at a dollar is a steal.

$IBIO busted out over $1 after I bought what I needed.  It went as high as $1.16 before falling back down to my entry point.

“Get out at breakeven?” I asked myself.

“Nah, hold on.  Remember this is a cash account, once you get out, you can’t jump back in until a few days later.”

“Ok then. Let’s hold a bit longer,”

Then I got busy with other non-trading business.  Lucky thing I did ’cause price went back above $1 and then fell back down to $1 for the 2nd time in the afternoon.  If I was watching, I might be tempted to get out at breakeven giving the general market was fighting to stay positive at the same time.

When I finally get back to watching the market an hour before the closing bell.  I couldn’t believe my eyes.  $IBIO was climbing  and climbing.  By the time it started to correct after trading to the high of $1.39, I was very tempted to sell some to lock in profit.  My finger was at the mouse button ready to push.  Seeing that the general market was literally falling apart, I clicked the mouse button and 50% of my position I bought this morning was let go.  And so I thought I did good.

“Holly Molly!”

Price began to climb again.

I looked at $CERS and it was down.  “Darn, if I bought more $IBIO instead of $CERS, that would be very nice…”

Yeap, like everyone, sometimes I did get infected with the hindsight bug as well.  “Could’ve, should’ve” started invading my mind.  I reminded myself that I was lucky to have the other 50% which represents 25% of my original position.  Meanwhile, all the time, I was mindful that $LRAD was trading in the positive territory most of the day.  I gave my thanks for a fortunate day while partly ignorant that the Nasdaq dropped like a rock to end the week since I was so focused on the after hour trading of $IBIO which traded to a high of $1.91.  Wow!

I’m posting the weekly chart of $IBIO ’cause this is the only way to appreciate the magnitude of the move today.  “If I could be holding my original size all the way…”  Oop! The hindsight bug struck again.  In retrospect, I did what I had to do giving the overall market sentiment.  I already had three long-term hold so locking in profit on a hi-beta biotech stock was the proper thing to do.  Moving on.

I’m thankful for the $LRAD bounce today.

See how price actually bounced off the 79 & 89 MA lines?

Giving the severeness of Nasdaq drop today, $ORBC actually was holding well despite being a negative for the day.

Per the weekly chart, price was holding well on the 79 & 89 MA lines.

Although $DMRC was down today, it did not make new low like a lot of tech stocks out there.

From the weekly chart above, you can see that price only gave back some of last week gain.  The action of $IBIO reminds me that as long as the stock has a strong binary event that if positive can move price the way $IBIO did today.  I’ve the conviction and confidence that the big retailers will adopt the Digimarc barcode system simply because of the efficiency factor.  If that positive decision is to materialize, $DMRC will move the way $IBIO did today; perhaps even more stronger.

$CERS was a bad trade today and I should have cut the losses when it didn’t bounce.  I’m going to see what happen on Monday before deciding what to do with it.

Thanks to stellar gain on $IBIO and the bounce from $LRAD, my port gained back 2.9% which put my YTD gain at 0.1%.  In other words, I’m back to breakeven.   Btw, this calculation did not account for after hour gain on $IBIO.

Current holdings:

LRAD, DMRC, ORBC, IBIO, CERS, AMRN and 4% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

Comments »

Fore!  And the falling stocks fell all over the places…

Just when we thought the market could continue on its merry way, the bear pulled the bull by the neck and yanked it backward.  Ouch!

I’d a very fortunate day today.  Despite being bombarded by falling stocks (4 out of 5) in my port, I was saved by the only one that counted the most since I’m overly weighted on it- $LRAD.

$LRAD introduces the LRAD(R) 450XL – The Loudest Long Range Acoustic Hailing Device for its Size and initial order was received from New York National Guard.  With a better and more powerful product that comes in a size that is compatible with almost all military and law enforcement mobile unit, I can see a coming snowball effect on product sales.  It seems like everything is coming into place.  Not to mention that their state-of-the-art mass notification system is also picking up speed in sales.

Chart looks very bullish with today price action.  You could feel that the price wanted to go up bad.  Without the benefit of a rising general market, news of large order can still drive this one up big time.  So, I’m holding and holding.

I sold out all my $IBIO and moved the rest of the proceed to add more $KNDI.  Despite an immediate drawdown on $KNDI, I’m confident that price would eventually pick up and head north when news of China local provinces subsidies are approved.  The weekly chart below show that the overall trend is still up albeit some large swings along the way.

Last week doji bar “may” just be a bottom.  Worse case scenario will be that the weekly 79 & 89 MA offer the next support.

Even with today correction, $DMRC still looked good so far.  The 5 MA line is still a good support here.

With November closing in and $DMRC being inducted into the GS1 partnership. I say there is a high probability that one of the big five retailers testing the Digimarc barcode  is very satisfied.  My patience may be paying off soon.

$ORBC and $CERS are just fighting the general trend like every stocks.

Thanks to $LRAD being a champ today, my port was able to hold off the bleeding to only 0.5%.  YTD gain is now 4.4%.

Current holdings:

LRAD, DMRC, ORBC, KNDI, CERS (100% invested/speculated).

My 2 cents.

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Market opened higher but slipped on the banana peel once again…

Oop! Market landed on its butt; nevertheless, it was keen enough to land on the 89 MA and the trendlines.  As far as I’m concerned, today was a hiccup.

I’d been eyeing $CERS for awhile so I decided to buy when it opened higher.  Despite the immediate drawdown after I bought, I believe this stock is finding its bottom.

However, I need to see price trades above the 79 & 89 MA lines and not below it.  Let’s see how it fairs this week.

I was surprised to see the strength behind $IBIO and enjoyed the strong rally.  However, being mindful of having gave back gains from $HYGS not too long ago, I decided to become more pro-active in watching the intra-day trend.  After price reached the high of $0.98, I began to watch the 5 & 15 MA lines in the 5 min. chart.  When the 5 crossed below the 15 MA, I started to unload to lock in profit.  When I did not see any meaningful bounce after selling 50% of my position, I began to sell more.  By the day end, I sold 80% of my original position.  Meanwhile, I noticed that $KNDI was rallying hard despite that other stocks were going down.  So, I took the opportunity to use the proceed from $IBIO to buy $KNDI when it started to correct a bit from the afternoon rally.

If you ignored the tall candle wick at the top, $IBIO actually had a strong day.  But the sell off after reaching $0.98 was too strong for me to ignore; so I took the opportunity to sell when the volume was there for me to hit the bids.

Seeing the strong afternoon rally in $KNDI, I felt the intuition to buy it.  The daily chart also looked good for a follow-up bounce.

The combination of the hooking up of 5 MA lines and the two oscillators below also gave me the confidence to buy.

$DMRC tenacity to stay positive all day was impressive.

Notice that the 79 & 89 MA lines are not that far away now.

Unfortunately, $LRAD did not fair well even though it had a great open.  However, I’m not worried about this one at all.

All in all, after adding two stocks today ($KNDI and $CERS), there were only two stocks down in my port.  Thanks to gains from $DMRC and $IBIO, they were enough to offset the drawdown from $LRAD and $CERS to give my port a nice gain of 0.7% with YTD gain at 4.9%.

Current holdings:

LRAD, DMRC, ORBC, KNDI, CERS, IBIO (100% invested/speculated)

My 2 cents.

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