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07-07-2014 Trading Journal

The market corrected a bit today.

SPY_Daily

Looking at the chart, the correction was neither deep nor heavy.  It actually looked like a healthy pull-back.

But the market had it easy.  My port, on the other hand, took a slap on the face.

$LRAD took a fall with relative low volume.

LRAD_daily

Price found support at the 15 MA line and is still above both 79 & 89 MA lines.  Thus, the bull trend is still intact for the time being.

$DMRC, on the other hand, took out the previous pivot low as well as the 79 MA line.

DMRC_daily

While I didn’t like the fall today, the volume was also relatively low.  And both the 79 & 89 MA lines are still pointing up.  In the absent of news on retailers, $DMRC will be thrown around a lot by people trading in and out.  Since I’m holding this for long-term, I’ll have to put up with the volatility.  Today fall was actually quite significant.

$AMRN also took a tumble.

AMRN_daily

Price fell back below the 89 MA line.  Supports are the 15 and the 79 MA lines.  Since I’m holding this one for fundamental reason, I’m going to have to suck up the volatility as well.

$NMRX fall was as bad as $DMRC.

NMRX_daily

However, volume was below average.  I’m holding this one as well.

$BIOS took an early tumble so I bailed in the morning to cut losses.

BIOS_daily

I simply did not have enough conviction to hold this one like the others.  However, I’ll be keeping an eye for the bounce.

Out of the seven stocks in my port, only $KGJI was positive and $ORBC was only slightly down.

Needless to day, my port took quite a hit and gave back 3.1% today.  YTD gain is now 3.6%.  Ouch!  Nevertheless, in the overall scheme of long-term perspective, this drawdown is very much part of the deal.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX and 7% cash.

From my other account:

I sold $FITX in the morning to cut losses when I saw price collapsed.  I also sold 50% of $ENRT to reduce risk.

Current holdings: TWD.V, ENRT, MCIG.

My 2 cents.

 

 

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07-01-2014 Trading Journal

A fantastic July 1st rally is what we have today!

SPY_Daily

Price took out resistance that kept June in the consolidation range.  Does that mean the market is free to run from here.  We will soon see.

Again, no action on my part today but to witness my port gain some momentum as well.

$DMRC finally bounced from the magical 79 & 89 MA lines today.

DMRC_daily

Let’s see if the momentum can carry this one higher and take out the $37 resistance.  What $DMRC needs is news flash on retailer adoption on its Digimarc barcode.  I like to believe that news, good or bad, will come before the year is up.

$LRAD also bounced higher but volume was less than average.

LRAD_daily

Price rallied away from the 79 & 89 MA lines. If price can take out the recent high of $2.19 set in June 19th, the next stop is $2.24 resistance set in Jan 31st.

$AMRN corrected today due to a large sell order in the early afternoon.

AMRN_daily

The good thing is that price rallied back up to close at the 89 MA line.  As far as I’m concerned, $AMRN is still bullish despite today correction.  Notice that both 5 & 15 MA lines are pointing up as well.

$NMRX bounced today from yesterday doji.

NMRX_daily

Price closed at the 89 MA line; in other words, it is only a few steps to take out the 89 MA and rally from here.

Due to strong movements from $LRAD and $DMRC, my two largest position, my port gained 1.5% despite corrections from $AMRN, $KGJI, and $BIOS.  YTD gain is now 7.2%.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX, BIOS (100% invested/speculated).

From my other account:

Still holding $FITX, $MCIG, $ENRT, $TWD.V.

The cannabis stocks are taking a nap; not much of a movement except when they roll off the bed which was what happened to $MCIG and $ENRT.

My 2 cents.

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06-30-2014 Trading Journal

Although the market was slightly negative, I considered it a neutral day.

SPY_Daily

The chart shows a small doji bar.  Since this doji is not sitting on a new high, I don’t see it as a potential island top doji reversal.  I see it as a possible pause before continuing on with the ongoing trend.

At this stage, I believe my basket of hi-beta stocks have settled into my port with not much trading activities going on.  Thus, my trading journal will be focused on analyzing the charts of current positions.

One position stood out today was the bounce of $AMRN.

AMRN_daily

Price finally broke through the resistance of $1.74 from May 2nd.  Unlike last Thursday where price broke thru the resistance but ended the day down; this time, price actually closed above the resistance line.  On top of that, price closed well above the 79 & 89 MA lines.  From here on, I see $2 the next resistance.

Giving recent scientific news regarding high triglycerides and cardiovascular disease, I can only see a continuing bullish trend for $AMRN. I also believe recent marketing campaign that utilized the screen personality of Rick Harrison from Pawn Stars will bring more awareness to the mass who otherwise do not even know Vascepa exists.  Now, they are going to call their doctors to inquire about this prescription grade fish oil that doesn’t increase your bad cholesterol LDL.  Another possibility is that the FDA may reconsider and reinstate the SPA with $AMRN for expanded labeling giving recent scientific studies.  If this happens, price will jump and I’m more than ready to welcome it.

The next stock that warrants attention is $BIOS.

.BIOS_daily

Price bounced and hit against resistance at $8.44 from June 11th.  Although it gave back some gain, a closer look at the chart reveals that today close is actually higher than all the closes of the last three weeks.  This is like the tiger has waken up and is only stretching its leg before getting up.  The way I see it, once the resistance of $8.44 is taken out, price is going to run…

Last Friday, I mentioned that $NMRX and $KGJI are on the watchlist.

$KGJI, at the least, bounced enough to touch the lower band of the consolidation range.

KGJI_daily

Giving today action, it is a relief to see a pause in the downward momentum.  Chart looks like there is a potential bounce from here.

$NMRX also closed in a positive note despite price took out Friday low during the day.

NMRX_daily

With a long-tailed doji, we may be looking at a bounce this week.

Thus, with both watchlist stocks bouncing some today, I didn’t have to take any action.

Despite a down day for $DMRC, my port still gained 0.5% thanks to $AMRN and $BIOS.  YTD gain is now 5.7%.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX, BIOS (100% invested/speculated).

No activities from my other account:

My 2 cents.

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06-27-2014 Trading Journal

The market was splashing under water for most of the day but managed to close with head up in the air… Whew!

SPY_Daily

The daily chart looked good at the close despite its spending all day in the negative territory.  Again, the bear failed.

$LRAD saved the day by bouncing a bit.

LRAD_daily

Chart looked much better with price closing above the upper border of the previous consolidation range as well as above the 79 & 89 MA line.

$DMRC recovered by day close to settle a tiny bit above yesterday close.

DMRC_daily

Price is now attempting to bounce from a 50% retracement from previous low established in early June.

$AMRN did not take out yesterday low which was a positive sign that the bull is still intact.

AMRN_daily

Price bounced from yesterday close and stayed above it even at closing bell.  The interim short-term trend is still up and price is still above the 5 and 15 MA lines.  Price needs to take out the 89 MA resistance line next week to keep moving up.

$ORBC continued higher.

ORBC_daily

I like the fact that price closed above the 79 & 89 MA lines.  The overall interim trend is still up.

$KGJI continued to disappoint by trading below the consolidation range.

KGJI_daily

I need to keep an eye on this one; but I also don’t want to get out too soon.  Potential bounce from this one is very strong.

$NMRX suffered from a last minute dumping at the closing bell.

NMRX_daily

Despite the dumping, it was probably an unloading of a single investor looking to raise cash for the weekend.  Next week will determine if this dumping will trigger a fall from here.  There is still support at the $11.43 area.

Despite a negative close, $BIOS is still on an uptrend mode.

BIOS_daily

Currently the 15 MA line is a supporting line with price zigzagging along for the last two weeks.  If overall market continues to run next week, $BIOS may breakout to the upside.

So far, $KGJI and $NMRX are on the watchlist for potential bearish action; the rests are still in good shape for a good bull run.

Thanks to $LRAD, my port gained back 0.5%.  YTD gain is now 5.2%.  While these daily small % change seems trivial for my port, these are expected volatility while I’m waiting for big move on any one of my seven stocks.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX, BIOS (100% invested/speculated)

From my other account:

I’m still holding $MCIG, $TWD.V, and $ENRT.  They are all practically uneventful for the week as shown in the charts below:

MCIG_daily

TWEED_daily

ENRT_daily My 2 cents.

 

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06-24-2014 Trading Journal

The market had an up & down yoyo day.

SPY_Daily

Price was higher from the morning but turned negative in the latter half of the trading day.

At the market turned south, I decided to sell my $SWIR position for taking out the $20 support.  $SWIR made an impressive showing coming from negative opening to a positive price action during the late morning.  And when price started to fall off along with the general market, I wanted to reallocate cash to other stocks that showed strength in today drop.

$NMRX and $BIOS were able to resist the falling market; so I added more of these.

BIOS_daily

$BIOS looked like it wanted to go higher from the last five days of bull-bias small movements.

NMRX_daily

$NRMX was able to resist the fall and closed even for the day.

ORBC_daily

$ORBC dropped further to the uptrend line support.  I added a bit more today to build my position.  I like the fact that $ORBC are sending more satellites to space to increase its bandwidth on “Machine to Machine” communication.  The company name, “Orbcomm, Inc.”, has a futuristic ring to it… Ha!

$DMRC corrected a bit with $AMRN bouncing back. While the gain could not offset the losses, it was enough to cushion my loss on my port to 0.9% losses.  YTD gain is now 4.2%.

Current holdings:

LRAD, DMRC, AMRN, KGJI, NMRX, BIOS, ORBC, TIBX and 3% cash.

From my other account:

I bought $ENRT to add to my cannibis stocks collection.  $ENRT is a mini version of $FITX with a market cap close to 8% of $FITX’s market cap.  A huge difference.  This tell you the people are willing to place a huge market cap value on a good marketing campaign.  $FITX has all the fanfare of name dropping and aggressive “mission” statement that its market cap rivals that of $TWEED who already have a license with similar production capacity to produce and sell.  $FITX’s no license yet position commands quite an impressive market cap.

Thus, I find a small cap company like $ENRT a refreshing opportunity to participate in the cannibis market on the cheap.  Yeah, $ENRT could be a scam, so you say.  The way I look at it, $ENRT has enough of a story behind the company that is no better or worse than $FITX’s.  Both are waiting for Health Canada to give them a license to produce and sell.  So both have the same opportunity to collapse or run higher based on approval status.  But because $ENRT is so tiny right now, any run-up will be more pronounced than $FITX.

Currently, I’ve $MCIG, $TWD.V, and $ENRT for cannabis play.

My 2 cents.

 

 

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06-17-2014 Trading Journal

Bouncing away was the market way today.

SPY_Daily

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.

KGJI_daily

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.

APRI_daily

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.

SWIR_daily

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.

NMRX_daily

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.

KNDI_daily

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.

DMRC_daily

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.

LRAD_daily

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.

BIOS_daily

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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06-16-2014 Trading Journal

Market tried very hard to continue last Friday bounce.

SPY_Daily

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.

KNDI_daily

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.

DMRC_daily

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.

NMRX_daily

Chart looked very positive for a continuing run from here.

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

APRI_daily

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.

TRTC_daily

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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06-11-2014 Trading Journal

Finally, a correction day…

SPY_Daily

It was interesting ’cause even though it was a down day, $SPY still managed to come out with a green bar.  So, go figure.

With my $TZA opened green, I moved my stop to breakeven not long after the open ’cause I sensed the market wanting to bounce   It wasn’t long before I was stopped out of $TZA.  I was just happy to recover the losses from yesterday down day.

Since $SPY was acting bouncy, I decided to buy the two “Internet of things” stocks that I researched last night- $SWIR and $NMRX.

Both $SWIR and $NMRX are banging its head against the resistance of the 79 & 89 MA lines.

SWIR_daily

NMRX_daily

If prices can take out these resistances, it may run hard from here to the upside.  If not, i may have to contemplate taking a losses and look to buy back cheaper.  Regardless, I’ll have to find a way to stay with the “internet of things” stock for the long-ride up.

I learned a lesson on patience today.  After the open, I wanted to buy back some $BIOS. Instead of waiting for its to correct some more before buying, I went and bought when it was still trading higher in the morning.  With the DOW down at the open, I should have known better.  Now, I was sitting on a losses from the morning entry.

BIOS_daily

I like the strong yesterday up bar.  That was the main reason I bought back in.  I’m going to have to learn to take some heat on this one if I believe it is going up from here.  While today was a red day, price is still on an interim uptrend with price closing above the 5 MA line.

Despite a down day, there were only two stocks in my port that was down:$DMRC and $BIOS.  Fortunately, the rest of my position was either neutral or up slightly which was enough to offset “most” of the losses from $DMRC and $BIOS.  My port dropped slightly by 0.15%..  YTD gain is now 4.15%.

Current holdings:

LRAD, DMRC, SWIR, KGJI, BIOS, APRI, NMRX, AMRN and 9% cash.

From my other account:

$TRTC held steady for the day and I’m still holding.

My 2 cents.

 

 

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