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07-16-2014 Trading Journal

Market continued higher but is now trading against the resistance from previous high.

SPY_Daily

Can it make new high again or will it trade back down?  Stay tune for tomorrow.

Despite higher market, my port continued to get hit by correction. Only $LRAD was able to stay up for the day.

$DMRC is still trading at the support level. DMRC_daily

News was out that $DMRC will release 2nd qtr earning next Wednesday and a conference call is scheduled for the same day as well.  The moment of truth will be my doing or undoing next Wednesday.  Reading between the fine lines on the news:

“…and provide an update on market conditions and execution of strategy”

So there is an “execution of strategy” in motion.  I like the sound of that.  Am I grasping at straw here?  Maybe or maybe not.  Next Wednesday will be judgement day.

$ORBC tried to hit resistance and failed once again.

ORBC_daily

From the chart, price is still following the uptrend line. Notice the volume was lower today compared to yesterday.

$STV is still trading near the support.

STV_daily

While it was down slightly, I still hold strong conviction on this one.  Perhaps, I need $STV to replace $KNDI as the rising star.  Missing $KNDI recent run is like missing the bus.  There is always another one coming.  It can be one or several of my seven stocks in my port.

Although $HYGS is down today, it is still above the uptrend line.HYGS_daily

Let’s see if the uptrend line can be a good support.

Thanks to $LRAD up day, it helped cushion the loss on my port to 0.5%.  YTD losses is now -2.7%.

Current holdings:

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

From my other account:

$FITX gave back much of the gain from yesterday.  Oh well,..

My 2 cents.

 

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07-15-2014 Trading Journal

So we have a minor dip today at the market.

SPY_Daily

Price closed above the 5 & 15 MA lines which is still bullish.

As for me, my conviction is being tested with a heavy drawdown from $DMRC.

DMRC_daily

Price traded to the support at $28.5x level.  Let’s see if this support will hold.  Somehow, despite today bloodbath with low volume, I’m not too concerned with the price action.  I’m just going to hold this one until I hear news one way or the other.

Today, I started a new position on $HYGS.  I like the prospect of hydrogen fuel cell being the “ideal” power backup for data center.  This news article, CommScope Partners with Hydrogenics to Provide Indoor Backup Power Solution for Data Centers, is what sold me on the merit of $HYGS.  When you think of data center, what come to your mind?  Does Google, Amazon, Facebook, or IBM ring a bell?

HYGS_daily

See how the price is trending up?  Pretty soon, I expect price to climb above the 79 & 89 MA lines. Nevertheless, the 79 & 89 MA lines are where the $19.3x wall of resistance is located.  To break out of that resistance,  $HYGS needs to get one of the brand names mentioned above to take up its backup power solution.  $HYGS had recently done a secondary offering in May which explained the drop from $20 in mid-May.  With the secondary out of the way, let’s see if this one can climb back up to former glory by doing business with the big guys. Btw, I sold all my $NMRX position to buy $HYGS.  Since I already have $ORBC, I don’t need $NMRX.  I also scaled down $AMRN to buy more $HYGS.

$STV took a dip after the open but bounced back up nicely.

STV_daily

See the long-tail candlestick bar here?  If price takes out today high tomorrow, we may be on for a good bounce.

$ORBC couldn’t overcome the resistance and fell back down below.

ORBC_daily

I’m not worried about this one at all.  I’ve strong conviction on this one simply because they just have six brand new satellites up in space with eleven more to go by the end of the year.

Basically, all my positions took in water today which set me back 3%.  YTD loss is now at 2.2%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN and 3% cash.

From my other account:

$FITX was the only stock that went up for me today.

FITX_daily

Good thing I added more yesterday.

My 2 cents.

 

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07-14-2014 Trading Journal

Market “popped” higher at the open and stayed up all day without giving back much gain.

SPY_Daily

Let’s see if this momentum will continue this week.

The good news, at least for me, for the day is that SpaceX has successfully launched the six OG2 satellites for $ORBC this morning.  $ORBC will have eleven more satellites to launch by end of 4th quarter.

ORBC_daily

Price bumped against the resistance from April 3rd at $7. Nevertheless, I can see price continues to climb from here. As far as I’m concerned, $ORBC has the most advanced satellites that support the growing M2M (machine to machine) technology. As being the first one to control the space with advanced satellites, I look forward to see $ORBC gains more new businesses as a result.  I’m planning to hold this one for long-term.  This could make up for the $LNG I missed out years ago.

$DMRC bounced some today but the gain was offset by a correction from $LRAD.  $STV corrected a bit today but I’m not going to worry about this one unless the support at $4.2x is being tested.

Thanks to $ORBC, $NMRX and $AMRN bounces, it was enough to offset losses from $CERS and $STV to allow my port to gain 0.2% for the day.  YTD gain is now 0.8%.  I know, I know, these small % gain is as boring as the interest you earn from your money market; however, I’m looking for the “POP” in any one of my stocks that will make my day.

Case in point, $KNDI spiked 26% today due to news of a fantastic 2nd quarter.  Nope, I wasn’t in it so I didn’t participate in its gain.  Was I upset?  Not too much since I did not have the conviction to go back into $KNDI.  I honestly did not believe they could sell that many EV in the 2nd quarter.  The fact that they did surprised me. For those who have the conviction, they deserve today big gain.  Now, I’m exercising patience so that one day, one of my eight stocks will explode the way $KNDI did today.  While I didn’t make money with $KNDI today, I look forward to making more with one or several of my stocks below:

Current holdings:

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

From my other account:

I added more $FITX today ’cause of the continued bounce instead of a correction from Friday up day.

My 2 cents.

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07-11-2014 Trading Journal

After yesterday recovering bar, I was not surprised that market closed green today.

SPY_Daily

Price now closed above the 15 MA line. Looking good for a continuing bounce next week.

Today, I juggled my port a bit to make room for two new stocks: $STV and good old $CERS.

After watching the China Digital TV webcast presentation from Deutsche Bank, I’m getting an impression that this could be my next $KNDI.  I’d bought $KNDI from between $5 – $6 and rode it to $18.50 to lock in gain.  Only this time, I see a much stronger business model with a predictable growth factor; unlike $KNDI which is counting on the “potential” acceptance of its EV business model by multiple cities across the China.  I’m sure, in time, $KNDI will flourish; but the question is how long do we have to wait?

STV_daily

In today chart, it confirmed the support of $4.2x is holding by bouncing off yesterday recover bar. Thus, I bought a position with the remaining cash and to add more, I also sold  1/3 of my $AMRN position (at breakeven) to free up cash to buy more $STV.  Let’s see if it will continue the bounce next week.  I’ll be watching the $4.2x support.

I also revisited $CERS and like what I saw on the chart.

CERS_daily

While prices were trading below the 79 & 89 MA lines, I like the fact that it had bounced from the support at $3.7x that went back to May of this year.  Looking at the chart, I’ve to admit that the $3.7x support looks pretty solid.

$DMRC had a bounce that stopped the slide for the last four consecutive day.

DMRC_daily

Since this is a super-low float stock, it didn’t take much for any larger seller to create a landslide; on the other hand, it will be very difficult for the same seller to buy back the shares at this price ’cause any buying in size can easily jack this price back up to $34.xx in no times.  So, I’m not worried about the volatility here.

$ORBC is the star today.

ORBC_daily

Price took off probably in anticipation of next week SpaceX launching of its satellites.

Thanks to gain from $ORBC and $DMRC, my port gained back 0.7% today with YTD gain at 0.6%.

Current holdings:

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

From my other account:

$FITX chart looked good today.

FITX_daily

It showed the floor at $0.4x is holding well.  Now, can we hear about the HC licensing decision please?  I wonder how much longer we have to wait to find out.  Nevertheless, I can’t help admiring the professional and high tech look of the current growing facility that is waiting for approval to grow.  I may consider adding more next week.

My 2 cents.

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07-08-2014 Trading Journal

Market finally fell a little harder than yesterday.

SPY_Daily

Nevertheless, support was found from the 15 MA line.

While the DOW reflected a bit more zest in the falling, some of my key positions continued to plummet.

$DMRC took out the 79 & 89 MA lines in one swoop.

DMRC_daily

While I didn’t like the way price fell off the cliff, I’ve enough conviction to “hang on” for the fundamental story to develop.  Sooner or later, I’ll know if the retailers are going to adopt the DigiMarc barcode system.  And I’ll be there with my full size position to either celebrate the glory of my patience or to write about my lesson learned.  So, today price action is part of the volatility I’ve signed up for when I bought this low float stock to bet on the “inevitable’ evolution of our barcode system.

Next, $AMRN continued to head southside.

AMRN_daily

To me, that was a normal correction after a full month of uptrend.  Fundamentally speaking, there are a lot more to look forward to.  Still holding.

$ORBC finally gave in to the pressure and sold off as well.

ORBC_daily

Price bounced somewhat before closing.  I’m not worried about this one.  By mid-July, any news of successful launch of $ORBC’s satellites by SpaceX will send this one back up to $7+ in no time.  At least, that is my take of it.

Both $LRAD and $KGJI also fell slightly but I’m not worried about these two at all.  $NMRX was the only one that closed positive for the day.

Due to the fallen stock price of five of my six positions, my port gave back another 2.3%.  YTD gain is now at 1.3%.

Current holdings:

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

From my other account:

I sold all my cannabis position to cut losses or at breakeven.to reduce risk.

My 2 cents.

 

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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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07-03-2014 Trading Journal

To celebrate July 4th, Dow Jones Industrials broke out of the $17,000 range to make new high.

SPY_Daily

With $17K resistance taking out, can market continue higher?  I like to think that $200 is where $SPY is heading to from here.

$LRAD took a minor dip with low volume.

LRAD_daily

As far as I’m concerned, this is still very bullish with price closing at and above all four MA lines.

$DMRC bounced nicely but still fall short of the overhead resistance.

DMRC_daily

However, I take the bounce day any day any time.  Price also closed above all four MA lines.

Since most trading volumes were low, I’m not going to show charts on all my positions.  Suffice to say that corrections from $LRAD, $AMRN, $KGJI, and  $BIOS offset gain from $DMRC to hold my port down with a 0.2% loss.  YTD gain is now 6.7%.

Current holdings:

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

From my other account:

$ENRT bounced some today so I left it alone.

Current holdings:

TWD.V, ENRT, FITX, MCIG.

My 2 cents.

 

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07-02-2014 Trading Journal

The market held its ground today without giving back yesterday gain.

SPY_Daily

However, price is hanging round the top of the Bollinger band which may or may not signify a correction is coming.

Unlike the $SPY above, both $DMRC and $LRAD gave back some gains from yesterday.  However, bounces from $AMRN, $KGJI, and $NMRX helped lessen the blow.

$LRAD took a tumbling during the day but recovered nicely by closing bell.

LRAD_daily

Look at at the long tail in the candlestick bar.  Price is still above the 5 & 15 MA lines. Now, I need price to take out the high of $2.12 from June 19th.

$DMRC, however, reflected the opposite of $LRAD.  Instead of down day and recovered nicely, it had an up day and closed badly.

DMRC_daily

Despite today correction, the overall trend is still bullish.  Today gave back is expected when there is no news.

$AMRN bounced from yesterday down day.

AMRN_daily

Price is now trading above the 89 MA line which is important to me.  It is now only a stone throw away from the resistance at $1.74.  I believe price will just walk pass it this week.

$KGJI also bounced and price is now back inside the consolidation range.

KGJI_daily

Nothing could please be more to see this bounce here.  I’ll be even more pleased when the 8 cents dividend flow into my account by mid-July.

Both $BIOS and $ORBC were non-eventual today with a bit of a correction.

Thanks to bounces from $AMRN, $KGJI, and $NMRX, my port only lost 0.3% today.  YTD gain is now 6.9%.

Current holdings:

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

From my other account:

$ENRT disappointed by taking out the support at 15 cents.  Due to my busy day, I wasn’t able to do something about the position.

ENRT_daily

I’m going to have to watch this one closely going forward.

The other three did not do too well either.  Seems like the cannabis sector is taking a break after a strong rally in the 1st quarter of the year.  Fortunately, I didn’t buy as much of these four stocks like I used to.

Current holdings:

$TWD.V, $ENRT, $FITX, $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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