While the DOW was down slightly, the SP500 was basically neutral.
Today big mover in my port was $SEED.
$SEED was up 12% which exhibited a healthy bounce from the 79 & 89 MA lines as well as from the 5 and 15 MA lines. Even the momentum indicators below are all pointing up from the bottom. Next resistance is the previous high of $2.60.
Next best move was $CERS.
$CERS continued to head higher and at one point reached higher than $7.50. Profit-taking quickly brought it back down to $7.20 which was still above the previous support high back on October 2013. Price may meandering around this support area until the next rally.
$HALO continued to head higher cautiously.
Price is now banging against the daily 5 MA line. Once this resistance was taken out, price may go much higher.
Today, I sold all my $ATOS shares to buy $APRI. Why? Well, let’s say my intuition told me to do so. $ATOS was not bouncing like I expected (not enough patient on my end) and $APRI was correcting from a previous bounce due to its recent exclusive licensing agreement with Recordati for the commercialization of Vitaros in Spain, Russia, Turkey, Ireland and some other countries in Europe and Africa. In a nutshell, $APRI has gotten licensing deals around the world to sell Vitaros. Now, it just needs to sell the products.
Price found support at the daily 5 MA line and that was why I bought it. Although it closed a bit below it, I’m not going to worry about it. Next support is $2.31 which is where the 15 MA line is now.
If $ATOS bounces without me; then I will have to live with my decision today. The way I see it, it is a coin toss b/w the two. I chose $APRI simply because I had a history with it and not much with $ATOS.
Thanks to $LRAD, $CERS, $SEED, and $HALO, my port continued to bounce back higher.
KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, APRI (fully speculated).
On my other accounts:
I added more $FITX to take advantage of today dip to build up size.
My 2 cents.Comments »