The market took a V-shape bounce and confirmed a bullish hammer reversal candlestick pattern.

The good news is that price is now back above both the 89 MA line and the 5 MA line.  Next week will determine if this bounce can put the bull back in charge.  In other words, today price action has put the bull back in even ground against the bear.  It is now 50/50 for either direction from a short-term perspective.  From a long-term perspective, the bull is still in charge as shown in the weekly chart below:

The long-tail doji reflected a pattern of “pausing” if you looked at the previous weekly bars on chart.  Thus, I say the probability of a continuing bull move up is high.

Today, $LRAD made up for yesterday’s lack of movement.

As you can see, price is now above both the 5 and 15 MA lines with the 5 in the process of crossing over the 15.  This is very bullish.  If price can move over $3 next week, price may test the previous high of $3.88.  The weekly chart below shows a even more favorable odd of a continuing bounce.

Notice price bounce off the  weekly 15 MA line.

$DMRC was able to hold its gain from yesterday.  It was a worthy battle b/w the bull and the bear and the volume reflected it.

Price needs to move above the 79 & 89 MA lines soon to get back on the bull side.  Meanwhile the weekly chart shows a beautiful bullish engulfment candlestick bar that reflected a strong tendency to bounce from here.

Perhaps, next week it will take out the 79 & 89 MA lines.

$ORBC, like $DMRC, was able to fight off the bear to hold the gain from yesterday.

Price still need to work hard to get back above the 79 & 89 MA lines to maintain a strong bullish outlook.  Giving the confirmation of a bullish hammer reversal pattern here, I say the probability of a continuing bounce is good.  The weekly chart below reflected the determination of the bull to get back on track.

See how price is now back on top of the 79 & 89 MA lines; based on the magical quality of these two MA lines, $ORBC is going to bounce from here.

$IBIO was also able to fight off the bear and closed higher.

Price is now looking like a potential double-top.  Not necessarily a good sign; however, if you look at the weekly chart below, price definitely look like it is going to take out the January high of 0.85 soon.

See how the weekly bar closed much higher than the 89 MA line?  Notice how all the weekly MA lines are either in the process of pointing up or already pointing up. We may see price trading over $1 soon.

As you can see from the daily charts above, all four of my positions were up today.  My port gained back another whopping 4.2% with YTD gain at 4.2%.

Current holdings:

LRAD, DMRC, ORBC, IBIO and 5.5% 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”

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The market took a dip but made a gallant came back to close even for the day.

It was a much needed bounce to put a pause to the falling market.  Let’s see if it can take out today high tomorrow.

Meanwhile my port bounced strong for the day. Two of the four bounced 16% each with the third one up 4%.  For some reason, $LRAD did not participate in the bounce even though it announced new sales on their mass notification system.

$DMRC is finally initiated by Ladenburg Thalmann as a buy.  Price bounced hard with a 16.8% gain.

With a big green bar and high volume, we might just see the bottom here.  Shall it head back up now?  With November approaching, the investors are all wondering which one of the Big 5 retailer is testing the Digimarc barcode.  A positive response from this big retailer will send this stock much higher.

The next 16% club member is $IBIO.  The story is that Caliber Biothjerapeutics, a partner with $IBIO, is in negotiation to produce Ebola vaccine.  As in any story, price can only continue higher if there are follow-up with a contract.  We will see if that is the case.  One of the reason I like $IBIO is because its science and technology will allow vaccine to develop much more faster to keep pace with the threat.

Chart looks good so far even though some sell-off at today high brought the gain back down to a still respectable 16%.

Follow behind the 16% club is the 4% single member- $ORBC.

I like the fact that today took out the high of yesterday which may form a bullish hammer reversal pattern.

Thanks to the above three stocks, my port gained back a whopping 4.9% which put my port back to breakeven for the YTD with three months left to make some solid gain.

Current holdings:

LRAD, DMRC, ORBC, IBIO and 5.7% 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”

 

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So the jealous bear stuck its foot out and the bull tumbled down the flight of stairs one more time…

Undaunted, the bull got back up, blew hot air out of its nostrils, and fought its way back up.  It was quite a display of bullish and “hopeful” energy. A feeling that nothing could stop this train from heading North.

$DMRC came back to life quite a bit today with volume

Could this be a bottom?  Really, it may just as well be. Why?  Well… in about a month from now, at the dawn of November, we may hear something about a name of one of the Big Five retailers that is testing the Digimarc Barcode system.  Will it welcome the new format with open-arm?  Anticipation and expectation may drive the price up from here.  I’m looking forward to watch the story unfold.

The rest of the team corrected a small bit.  As a result, my port gave back 0.5% with YTD losses at 3.3%.

Current holdings:

LRAD, DMRC, ORBC, IBIO and 6% 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”

 

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Market finally succumbed to bear pressure and closed down for the day.

Let’s see if the supports of the previous highs will hold.  For the bull to continue to have leg. the supports from the 79 & 89 MA lines must hold.

Today, I was busted on my $AMRN play.  Despite all the high cards in the deck and the high probability of the dealer busting (FDA change of heart), I was still busted.  This can happen and will happen time after time whether you are a Blackjack card counter or a stock investor weighting in all the due diligence.

Although I lost, I only gave back all gain and an acceptable losses.  In other words, the damage was not as bad and it was what I thought it would be if FDA denied.  While I wasn’t happy with the outcome, I would be more upset if FDA said yes and I wasn’t invested.  Thus, $AMRN was a worthy risk that didn’t work out.  Moving on.

Btw, I sold all $AMRN at the open to close the chapter on this investment thesis.  There are too many baggage for $AMRN to carry without the help of the label expansion from the SPA that was denied.  The Reduce-It trial is expensive and the loan is still out there.  Somehow, I’ve got a feeling that the FDA has decided they don’t care about the Reduce-It trial and they want $AMRN to kill it.  The whole point of the original SPA agreement was that it would allow Amarin to fund the Reduce-It trial with the label expansion if the Anchor trial passed.  Perhaps, the FDA wants the BP at the U.S. to buy out Amarin for a song so that all revenues generate will remain at the U.S.A.  We are talking about protectionism at play here.  Why didn’t I see this before?

Oh well.  There is other possibility for Amarin to rise out of its current dilemma by finding a partner of its own choosing instead of being forced to accept the low ball offers from the U.S. BPs.  If Amarin can persist to survive intact to complete the Reduce-It trial, a successful result will propel this company into multi-billion company in an instance.  I’ll definitely keep an eye on this company and be ready to jump back in.

With the free cash after selling $AMRN, I added some $LRAD.  I also added a bit more $ORBC.  The reversal of fortune on $AMRN caused me to review my $HYGS holdings.  I decided to reduce my over-exposed position giving its current mini-downtrend.  I was fortunate to get out at breakeven.

$DMRC corrected some after two days of gains.

 

The above weekly chart shows a green bar at the bottom of the trend. There is a high probability a bounce is in the card.  If it bounces from here, I may add some more with the free cash available.

$ORBC also exhibited a weekly green bar to close the week.

Any positive news on the operational status of the recently launched satellites will give this one nice pop and start an uptrend going.

$LRAD is still meandering around the consolidation area.  Price is still on an uptrend line albeit the angle of the uptrend line has declined slightly.

The slight decline this week has been in low volume.  What prompted me to add more $LRAD today was due to the fact that price did not go down despite a negative general market downturn.  Let’s see if there is news next week to wake this one up again.

$HYGS was still struggling to find its bottom.

Although price is still within the 79 & 89 MA lines, I’m still holding too much position and I didn’t want to risk more drawdown after my port absorbed the $AMRN losses and gave back of gain. Thus, I sold down my position size to about half of original size.  Also notice that price could not climb above the 5 MA line today.

Needless to day, my port gave back a whopping 3.7% for a failed thesis and YTD gain is now at 8%.

Current holdings:

LRAD, DMRC, ORBC, HYGS and 13% cash.

From my other account:

I dumped my $AMRN $2 Jan 2015 call option for a song since I figured something is better than nothing if I continued to hold. Still holding $FITX and $LRAD.

My 2 cents.

 

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These days, the market is acting like a basketball on a tub of water.  No matter how hard the bear pushed it down, it would pop right back up.

Another green bar to close the day.  Now, can it close above the 5 & 15 MA lines tomorrow?  Look like the 5 MA line is about to turn back up above the 15 MA line.

Today, three stocks were up with two down; but due to a steeper drop by $AMRN, my port dropped 0.7%.

Price dropped and touched the 89 MA line before bouncing back up.  At this stage, as I’ve mentioned yesterday, it doesn’t matter if price is at $2.30 or $1.81; what matter is what the FDC decides.  Unless you are a short-term trader, today plunge makes no difference.

$DMRC continued to bounce.

Thanks for that ’cause it helped cushion the $AMRN drawdown.  With a bullish engulfment bar yesterday and a follow-up rally today, the probability of a bottom increases another notch.

$ORBC also climbed back near the 79 & 89 MA lines.

If they can move above those two lines, then $ORBC will be in good shape.

With $DMRC and $ORBC gains cushioned against $LRAD and $AMRN drops today, my port gave back 0.7%.  YTD gain is now at 11.7%.

Current holdings:

LRAD, HYGS, DMRC, ORBC, AMRN (100% invested/speculated).

From my other account:

Still holding $FITX, $LRAD, $CLDX, and $AMRN Jan 2014 $2 call option.

My 2 cents.

 

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Market took a dive into the water at the open and then swam back to the surface to bake under the sun.

Now, if price can close above the 5 and 15 MA tomorrow, then we will have a bona-fide bounce.  In all likelihood, the 5 MA will now turn back up after touching the 15 MA line.

My port followed the market to the teeth.  Early morning my port was underwater with $LRAD, $HYGS, $ORBC swallowing gulp of water. Later on, both $LRAD and $HYGS swam back up nicely with $ORBC still down.

Meanwhile $DMRC finally pull its weight after such a long time trekking down the hill.  It actually saved the day by being up 7.9% for the day.

 

Could it be the bottom now?  Who know.  I’m still fully committed to $DMRC’s Digimarc barcode technology.  I truly believe it will see its day in the worldwide platform; the same way I’ve been holding $LRAD all these years believing its technology will finally be recognized.

$HYGS also bounced off the 79 MA line and ended with a green bar.

There is a good chance the bounce will continue due to the magical quality of the 79 & 89 MA lines.

$AMRN continued to struggle to stay above $2.

The battle raged on but was really pointless ’cause the real catalyst is essentially the FDA decision.

Thanks to $DMRC stellar performance to save the day, my port gained back 1.5% with YTD gain at 12.4%.

Current holdings:

LRAD, HYGS, DMRC, ORBC, AMRN (100% invested/speculated).

From my other account:

I bought back $CLDX in the morning due to its ability to hold positive while most other stocks were taking a beating.  It was a good decision since price closed higher than I bought.

Still holding $FITX and $LRAD.  I also bought $AMRN $2 Jan 2013 call options awhile ago which I’d forgotten to mention before.

My 2 cents.

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While it seemed that the market was down but it really was just a neutral day.

Look at the daily chart above, it was a flat day despite a red bar.

I had three stocks down and two up for the day.

$LRAD continued to correct for the 3rd trading day.

I believe that it will start to bounce off the uptrend line tomorrow.  After hectic weeks of strong upswing, the recent corrections were expected so I’m not concerned.

$DMRC took a beating early in the day but made a gallant came back to reduce the loss before closing.

Now, with a nice long-tail bar formed today, we “may” just see the bottom.  Taking out today high later this week will at least confirm a bounce from here.

$HYGS gave back yesterday gain while $ORBC continued to inch higher.  But the star of the day is, of course, $AMRN.

$AMRN finally broke out of $2 and filled the gap from late January of this year.  This is a significant event for it shows that the sentiment has shifted back to the positive side.  All eyes are on the FDA decision that may come next week if not this week.

Due to getting hit hard on $LRAD and $HYGS but cushioned by gain on $AMRN, my port gave back 1.8%.  YTD gain is now at 13.3%.

Current holdings:

LRAD, HYGS, DMRC, ORBC, AMRN (100% invested/speculated).

From my other account:

I sold $KGJI and bought $CLDX.  Since this is a trading account, I tend to move things around more easily.  Talking about this being a trading account, I’ve yet to kick myself for not taking profit on $LRAD when it went all the way to $3.88.  But hindsight had a way of making a fool out of us; so I’m not going to dwell on it since the long-term prospect is still very good here.

My 2 cents.

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Market started off on the wrong foot but found its way back to the top.

On the daily chart above, you would think the bull roared back from almost falling off the cliff.  But when you look at the weekly chart below, it is just another up week.

And the bull marches on.

Today my port had a close call with three up and two down.

$HYGS, $ORBC, and $AMRN managed to bounce back nicely after starting poorly from the open.

$HYGS ended the week slightly higher than last week close.

Price bounced off the 89 MA support line after touching it this morning is further proof of the magical quality in the 79 & 89 MA lines.

$ORBC also bounced off the long-term support line.

As we approach mid-Sept, price can see $7 in a New York minute when news of full operation of all new satellites is released.

$AMRN closed strong despite the pull from the bear during the week.

Also with a catalyst event in mid-Sept, price may shoot up if FDA reflects a positive attitude toward Vascepa.

$DMRC ended the week on the weak side.

 

Oh well, nothing for me to do but to wait.

While $LRAD was down today, I like the way it came back from the low of the day.

See how price bounced off the 15 MA line and closed near the resistance/support at $3.36?  The way I see it, this rally is far from over.

Thanks to the rally from three stocks, the gains were enough to offset the drawdown from $DMRC and $LRAD to get a breakeven for my port.  Thus, YTD gain remains unchanged at 15.1%.

Current holdings:

LRAD, HYGS, DMRC, ORBC, AMRN (100% invested/speculated).

From my other account:

I sold $KNDI for small losses.  I also picked up some $KGJI at $1.32 looking for a bounce. Because I got the dividend from the main account, I’m willing to give this one another chance over here.

See how today low bounced off the 89 MA line?  This was why I bought $KGJI for the bounce.

Still holding $FITX and $LRAD.

My 2 cents.

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Market traded up first half of the day and then closed underwater to end the day.

It is still too early to call this recent minor corrections a change of trend.  As long as price continue to trade above the 15 MA line, the bull trend is still intact.

Meanwhile, a lot of stocks were trading down.  My port is no exception.

$LRAD gave back some more gain.

Price now traded near the support of $3.36.  It will be interesting to see if this new support can hold.  Nevertheless, while price took out yesterday low, price is still trading above the 5 MA line as well as the new support.  The recent minor uptrend bar has not been violated yet.  Also notice that the volume on the last four trading days increased on a stair step fashion with today volume significantly lower.  This could mean that more new buyers came in than getting out.

$HYGS also corrected.

Since price is still above the 89 MA support line, today correction may be a simple hiccup.

$ORBC finally broke thru the consolidation range but it went the wrong way.

Price is now at long-term support.  Let’s see if it can bounce tomorrow.  We are getting close to mid-Sept when the new satellites are supposed to be in operational mode.  Price may climb back if this prove to be the case.

Today, $DMRC and $AMRN saved the day by closing higher to help offset the losses.

Today Gateway Conference sparked some interest in $DMRC with price closing higher.

If enough new investors like what they saw today, price may begin a slow climb from here.

Renew hope of a positive FDC outcome might be the reason for $AMRN to bounce back up today.

Price bounced directly from the 15 MA line.  When price can bounce from these 5 & 15 MA lines, it usually means the bull trend is very much intact.

Despite positive closes on two stocks, drawdown on two of my largest positions (LRAD and HYGS) were too much to offset. Thus, my port gave back 2.8% with YTD gain at 15.1%.

From my other account:

I bought $KNDI for a bounce.  I’m still holding at today close since the losses are small.  If price doesn’t bounce tomorrow, I may cut losses instead of carrying it over the weekend.

My 2 cents.

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Following thru from yesterday spectacular recovery, market marched higher despite a wobbly beginning.

From the daily chart, you would think that the market barely survived the bear pull.  Take a look at the weekly chart below:

Now, you can see the bull has always been in charge.  Another weekly up bar.

Today four of my positions were up with two down.

$LRAD continued on its upward momentum after yesterday recovery as expected.

From the daily chart above, you could see that price is now about to break out of an ascending triangle with the long-term resistance of $3.36 as the ceiling.

$LRAD Weekly chart above shows that price has not wavered in its bullish momentum.  Four weekly bar on the up and up.  Fundamentally speaking, there are a lot of explosive revenues growth in the cards (from recent earnings transcript).

• Responded to an RFI from U.S. Coast Guard R&D Center
• U.S. Army put out an “updated” RFI for acoustic hailing devices (original RFI came out in 2010).  Expected to see RFP in early 2015.
• The House has included acoustic hailing devices in the $2 billion budget for NGREA (National Guard Reserve Equipment) funding.
• Mass Notification: anticipating additional orders over the next couple of months (from August) for certain small cities working with the Japanese rep.
• Mass Notification: responded to two large RFPs for two large cities in the Middle East.

Any large order from the above will propel $LRAD to the next level.

$HYGS bounced off from the 89 MA line.

How many times have we seen prices bounce off from the 79 & 89 MA lines?  They are magical since the bounces have happened almost all the times when prices traded near/at/around the 79 & 89 MA lines.

From the weekly chart above, the downdraft has stalled at the 38% Fibonacci retracement level.  The possibility of reversing back to an uptrend is high from here.

While the daily chart of $CPST did not show much movement, the weekly chart below shows a cautious upward movement.

The weekly bar is now trading above the 5 MA line.

On the other hand, $ORBC weekly chart below showed a flat pattern this week.

Although flat, price is still trading above the 5 MA line which is good for developing a base to bounce from.

On the same token, while $AMRN daily chart showed little movement on the last three trading days, the weekly below shows that the bullish upward momentum is still fully intact.

See how the weekly green solid bar moved up from last week doji bar?  Price is very close to breaking out of the $2 resistance.  For those who only see $AMRN’s Vascepa as a “fish oil” pill that is not much different from the over-the-counter fish oil pill, you are missing the big picture by allowing your limited knowledge of the science to dictate your judgement and prejudice.  While the almost pure EPA ingredient in Vascepa may not sound so fancy as compared to the “high” EPA content of the over-the-counter fish oil, the science behind in extracting the pure EPA in Vascepa is in an entirely different order from the science in extracting high EPA in over-the-counter part.

Personally, ever since I’ve started taking Vascepa from over a year ago, my body never feel the need to alert me of my cardio condition. Whereas before I started taking Vascepa, my body had more than multiple occasions alerted me of a possible cardio condition by exhibiting minor pain around my chest and arm.  Could it be the placebo affect?  I like to think it is the Vascepa that actually helps improve my cardio condition.  IMHO, the Japanese Jellis study (that proved pure EPA could reduce cardio-event by 50%) the FDA conveniently ignored was not without its merit.

With Congress hearing requesting the FDA to explain the justification of rescinding $AMRN SPA agreement and the recent studies that people with genetic characteristic of low triglyceride exhibited lower cardio-event, I don’t see how FDA can keep on pounding $AMRN to oblivion in front of the limelight.  All in all, I’m very bullish in $AMRN and is going to hold my position into the FDA decision.

$DMRC continued to struggle to stay relevant.

 

Due to lack of news, the shorts were having an easy time walking this one down.  My position is bleeding but my believe in $DMRC disruptive Digimarc technology has not wavered.  So I’m still holding.

Thanks to gain from $LRAD and $HYGS, my port gained back 2.3% today with YTD gain at 14.8%.

Current holdings:

LRAD, HYGS, DMRC, AMRN, ORBC, CPST (100% invested/speculated)

From my other account:

$FITX ended the week higher than the last 12 weeks.

While there was a long tail at the upper-end of the weekly bar, it is still bullish to me.  I believe Health Canada will approve the license.

To me, although the number of shares in the float is ridiculously high, $FITX is the only cannabis company that has a group of impressive scientists and board members on board.  In other words, once the cannabis market really takes off with more legalized States in the cards, $FITX has a good chance of making it big.

My 2 cents.

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