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Monthly Archives: March 2014

03-17-2014 Trading Journal

Market had a nice come-back.

SPY_Daily

But we are not out of the wood yet.  See how price still settled inside the consolidation range?  Price need to get back above the top range to be considered back on the uptrend.

The big news today was the positive $KNDI earning announcement.  They sold more cars than the estimate 2,800 units they gave awhile back.  Basically, there are more individual buyers besides the car-sharing garage purchase.  Not bad!  And too bad for me staying on the sideline.  But that was price I paid to be a by-stander instead of a participator.  It was like watching an ongoing poker game as an observer instead of playing at the table.  Well, as they said, it could have gone the “other way”.

Nevertheless, today news practically convinced me that the drivers in China are ready to contribute to the clean air campaign by buying more EVs.  Thus, I went back in this morning paying up to $20 per share for the buy-in.  Only this time, I did not load up the boat as before, instead I bought a medium size position just as I would in a new stock- such as $MZOR or $CARA.  As far as I’m concerned, $KNDI is to me just another brand new trade with a new entry setup.  My past gain in $KNDI does not factored into this particular new $KNDI trade.  In other words, I will not be saying to myself thing like, “Oh, I had so much gain on this one I could fight the trend a bit more…”.  Instead, I will trade this $KNDI trade with all the proper medium-term outlook with its proper stop loss target.  If price continues higher tomorrow, I may add some more.

KNDI_daily

Price took out the previous high of $20.75 with super-high volume.  I can see a long-term uptrend coming for this one provided there are no major market correction during the year.

$CARA finally bounced today.

CARA_daily

Price touched the 50% retracement line and took off.  I can see a high probability that price will start to head back up and beyond.

$SEED continued to hold steady at the support line.

seed_daily

I can see the 5 MA turning up tomorrow or later in the week.

$MZOR finally succumbed and dropped a bit more than usual.

MZOR_daily

While price is still inside the consolidation range, it needs to bounce soon to remain on an uptrend mode.

$KGJI broke down some today and price dropped below the $1.85 resistance again.

KGJI_daily

Oh brother!  $1.85 resistance all over again!  Oh well, I’m waiting for the coming earning report to kick start the uptrend.  It will be nice to have this one bounces the way $KNDI did today.

To supplement my gold play ($KGJI), I bought a silver mining company ($SVBL) today. I’ll continue to accumulate as soon as more cash is released from the three days settlement.

SVBL_daily

The above is a monthly chart.  See how price began to turn upward?  Last month green bar was a bullish engulfment pattern. This month price action already took out last month high; therefore, I’m bullish on this one for long-term hold.  I also like the fact that this month is the ONLY month that price action took out the 5 MA line.

Thanks to the gain from $KNDI and $CARA, my port bounced up a notch despite some drops from $MZOR and $KGJI.

Current holdings:

LRAD, SEED, MZOR, CARA, KNDI, KGJI, SVBL, CERS & 10% cash.

From my other account:

$FITX had a fantastic break-out on the chart today.

FITX_daily

Did you see how today big green bar with relatively higher volume took out the downtrend line?  Once $FITX received the license from Health Canada, this is going to be a multi-years hold for me.  At least, this will be my other “$LRAD” play.  I’ve been trading profitably with $LRAD since 1998.  $FITX will become an even bigger game once the production of both medical and industrial cannabis begin.

My 2 cents.

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03-14-2014 Trading Journal

Market had another down day after spending all day trying to stay afloat.

SPY_Daily

But all is not lost, price still closed inside the consolidation range.  The first “if” I talked about yesterday haven’t been breached yet.

The only one stock in my port that sunk the most is $CARA. The rest of my position were either neutral, slightly up or down which had minimum effect on my port.

CARA_daily

While I’m taking a heat on $CARA, I didn’t mind much at all.  I guess my big win on $KNDI has afforded me the luxury to bide my time on this one.  Price has approached the 50% fib retracement from historical low to high, so let’s see if it will bounce next week.  Btw, I added some more today when it bounced in the morning.  However, I decided to keep my shares even though the price turned negative later on.

Speaking of $KNDI, earning report is supposed to come out Monday, although I’m no longer holding position for this pivotal event, I wish everyone who is holding good luck.  If it takes off based on positive events, I may start to look for re-entry point.

$SEED closed back neutral after taking out the $2.60 support.

seed_daily

Did you see the doji formation today right at the support line?  Meanwhile the  5 MA line is also approaching the 15 MA line, this could mean a potential bounce next week.  Sometimes. the 5 MA line will come back down to touch the 15 MA before it bounces back up if the uptrend momentum is strong.  Let’s see if this is the case.

$KGJI had a strong opening which took out the $1.85.  It reached as high as $1.94 before coming back down to close slightly lower.

KGJI_daily

Because of the spike up, I added some more in the morning.  I’m still holding my added shares ’cause I believe price will eventually take out the ultimate $2.00 resistance.  Once that is taken out, I believe price will fly.  Why?

$KGJI had been consolidating in a range for almost four months now and volume was also increasing recently.  With gold price as well as gold mining stocks climbing for the last several weeks, there is only so much the bear can do to keep $KGJI stuck in a range while almost every gold related stocks are climbing.  Thus, I believe once $KGJI is back in the limelight, price will soar.

$MZOR is also stuck on the consolidation range.

MZOR_daily

Although it was only for about two months, any good news will kick this one up to the upside.

$LRAD closed the week slightly down.

LRAD_daily

But if you look at the weekly chart above, what come to your mind?  It is in a bullish trend, isn’t it?

I also bought a small starter position on $CERS when it was up in the morning (which I forgot to mention on twitter), I decided to keep the position even though it closed negative for the day.  Having a small position will allow me to keep an eye on this and give me the opportunity to add more when price begin to climb again.

CERS_daily

Look at the weekly chart above, price has strong support at the $5.75 level.

Due to $CARA downdraft, my port dropped another notch.  However, I’m still up nicely for the year.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI, CERS and 24% cash.

From my other account:

$FITX chart looks very positive with a second green bar.

FITX_daily

There may be a good chance price may bounce next week.

My 2 cents.

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03-13-2014 Trading Journal

Market opened higher and then dropped like a rock.

SPY_Daily

Notice that price is still inside the consolidation range; therefore, it is too early to call it a bearish market.  However, if it takes out the lower range, then the next supports are the 79 & 89 MA lines.  If that is taken out, then the next support is the Feb. low.  If that is taken out, then the bull may be over.  So there you have it, there are three “if” before we can worry about the bear market.

I bought $CERS, $GALE and added to $KGJI today; the first two were a mistake ’cause the market tanked afterward and I didn’t get out sooner.  $KGJI was a good addition since price held strong and even took out the $1.85 resistance briefly.  Volume was high today so it could mean more rally later on.

KGJI_daily

See how price closed directly at $1.85 with high volume whereas it couldn’t even close near $1.85 in the past.  I believe investors are finally realizing how undervalued $KGJI is.

Yes, I regretted selling $TINY after I bought giving that price had gone up due to an article from SeekingAlpha.

TINY_daily

I’m not sure if I want to chase this one here.  I’ll have to wait and see.  All I can say is I miscalculated yesterday by focusing only on the D-Wave quantum computer.  Oh well…

$SEED corrected along with the general market.

seed_daily

But price still closed above the support line.  In fact, it is sitting right at the 15 MA line as well.  Let’s see it bounces tomorrow.

$MZOR continued to impress by fighting off bear attack.

MZOR_daily

Look at the bounce back!  The longer the consolidation, the more powerful is the breakout.  I expect the breakout is to the upside of course.

$CARA continued to correct.

CARA_daily

Notice price is now sitting on the 15 MA support line as well as the 38.2% fib retracement line.  If it bounces tomorrow, I may add more.

$LRAD dropped out of the consolidation range but managed to climb back up to close as even.

LRAD_daily

Oh well, let’s see if it can bounce tomorrow.

Thanks to $CARA drop, my port dropped another notch down.  While I’m now below the milestone target, it is definitely within sight; so it  is a matter of time before I get back up there and beyond.

Current holdings:

LRAD, SEED, MZOR, KGJI, CARA and 28% cash.

From my other account:

Relatively speaking, I must say I’m impressed with $FITX performance today even though it didn’t go up.

FITX_daily

The fact that it stayed even without going further down today despite a down market was very bullish to me.  It looks like it may bounce tomorrow and beyond.

My 2 cents.

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03-12-2014 Trading Journal

Market went down under water in the morning but decided to come back up for air by day close.

SPY_Daily

Price closed right back at the upper range.  If tomorrow is an up day, we are back on heading up.

At first, with market heading down, I sold $SVA to reduce my risk on biotech exposure.  I also sold $CERS even though it was a smaller position.  By closing time, both climbed back up to neutral.  I’ll wait a day or two to see which way the wind blows before jumping back in.

Although I missed the spike-up on $TINY, I thought I would buy in today and see if the rally would continue.  After I bought, then I did some digging to see what was the excitement on the D-Wave quantum computer.  Based on my limited reading, it was my conclusion that the QC is not ready for prime time just yet.  Thus, I sold my shares I bought in the morning for losses and moved on.  I didn’t want to ride this one back down to low $3 and then get stuck again.  Who know, perhaps it will continue to move up; but I trade only if I feel right about it.  If I don’t feel right, I get out even though I could miss a run-up.

Except for $SEED, the rest of my positions were in red.  Thus, my port continued to drop a notch.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI and 31% cash.

From my other account:

$FITX continued to correct a bit more.  As long as we are waiting for the construction of the facility to be complete and for the Health Canada permit to be issued, $FITX would be subjected to volatility.  One must learn to live with this uncertainty in this highly speculative investment. If you choose to be in this stock, then you must take the heat when it comes.

My 2 cents.

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03-11-2014 Trading Journal

Market played the diver today by going up the springboard in the morning time and then jumped into the water not long afterward.

SPY_Daily

Price is still around the upper range of support so I would call this a healthy correction so far.

$SEED opened strong and I bought back the 40% shares I sold yesterday.  Everything was going perfectly until the mood changed in mid-day.

seed_daily

Since price is still above support, I decided to hang onto the shares I added back today.

$CARA also did a reversal after a stellar morning spike-up.

CARA_daily

So far, the chart still looks bullish with a healthy dose of correction..

$MZOR performed nicely considered that most every one did a reversal.

MZOR_daily

Price is still within the top range of the consolidation area.

$KGJI was still having problem breakout out of $1.85 resistance.

KGJI_daily

I added back some $KGJI I sold yesterday due to the morning surge.

$SVA,, like everyone, enjoyed a strong morning so I bought a medium size position looking for a bounce.

sva_daily

Price did not turn negative and the close was higher than yesterday.  So far so good.

$CERS looked like it was bouncing off from yesterday doji bar so I bought a starter position to test the water.

CERS_daily

Price turned negative for the day.  I will see if the $5.77 previous low @ Feb 3rd will hold before deciding what to do with my small position.

$LRAD remained neutral and range-bounded.

LRAD_daily

As long as it is not trending back down, I’m happy.

Basically, my port was in neutral zone after adding all the pluses and minuses together.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI, SVA, CERS and 22% cash.

From my other account, I was disappointed that $FITX traded lower while most other cannabis stocks went higher.  Oh well, what can I say but to remind myself to be patient.  Rome isn’t build in a day or a week.

My 2 cents.

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03-10-2014 Trading Journal

The market started off negative and later recovered some by day close.

SPY_Daily

Notice that price bounced off the upper range of the consolidation area.

At first, I was going with the market momentum by shorting via $TZA and $FAZ; but both turned out to be non-performing due to lack of market follow-thru with the waterfall action.  I got out with small losses.

Due to negative market action in the morning, I took it upon myself to reduce position size on $SEED and $KGJI by 40%.  Nothing really happened except that $SEED dropped a bit more below my exit point.  I’ll be buying back these shares if momentum is going back to the upside.

seed_daily

$SEED dropped below the support today.  There is another support at the 15 MA line at $2.50.

$CARA also dropped at the open and took out last Friday low.

CARA_daily

However, I wasn’t concern ’cause I know price can spike back up really fast due to the low float status.  Basically I can create a new low if I dump my shares at the market; but I surely will not be able to buy them back at the price I sold for ’cause I will drive the price back up really fast if I try.  Thus, I’m not trading this one. Chart looks good for a bounce from here.  Price needs to take out today high to confirm a bounce.

$MZOR continued to meander nowhere.

MZOR_daily

But it was good to see price hang around the upper part of the consolidation range.

$KGJI was following $MZOR playbook.

KGJI_daily

Price was still having a hard time breaking out $1.85 resistance.

Good to see $LRAD bounced ’cause that means it is staying inside the consolidation area instead of breaking out to the downside.

LRAD_daily

Price is inside the range and bounced off the 15 MA line.

Due to correction from $SEED and $MZOR, my port dropped another notch.  Now, I’m barely above the milestone high.

Current holdings:

LRAD, MZOR, CARA, SEED, KGJI and 38% cash.

From my other account:

$FITX appointed Ms. Anndrea Hermann as President of the newly acquired Hemp Technologies company.  I googled Anndrea and was pleasantly surprised to find that Anndrea practically dedicated her whole adult live working with hemp.  It is an excellent move to have someone with high level of expertise on hemp to take $FITX to the next level in industrial hemp business.  Since the Federal law now allows the production of industrial hemp with its recent agricultural bills, I can see $FITX is laying the necessary ground work to become a key player in the hemp and medical cannabis market.

FITX_daily

Price came back down a bit after an initial up move.  This one will require a lot of patience…

My 2 cents.

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03-07-2014 Trading Journal

The market had a wild swing during the day but closed the day neutral.

SPY_Daily

While it was a red bar, the overall trend is still up.  Notice that since beginning of February, there was only two significant corrections, 02/19 and 03/03.  This can only mean that we are in a kick-ass bullish trend or we are due for another small correction soon.

And this is the basis of my concern that I no longer feel the conviction to hold on to my $KNDI shares.  A collection of recent events had somehow changed my strong conviction on $KNDI into a cautious “going for a quick buck” speculation.

What recent events?

Remember that time I bought $XONE in December @ low $5x.xx and rode it all the way to high of $70.xx+ in mid-January and then watched a whole chunk of my unrealized gain evaporated into thin air in the name of “bullish conviction”?  This experience taught me that I must temper my conviction with a dose of short-term reality. This lesson was further confirmed by my most recent gave-back of my medium size unrealized gain on $CERS going into earning day.

Reaching my milestone target is another event that put me into cautious mode.  I do not want to fall below this milestone high so early in the game after just reaching it.  Selling out my largest position (30%+ of my port) to lock in gain was the only way to ensure that my milestone high would not be out-of-sight if a correction hit $KNDI b/w now and March 17th reporting day.

Since $KNDI had climbed so fast and is making new high approaching the March 17th reporting day, I’m becoming more leery of holding such a huge amount of unrealized gain gambling on the earning outcome.  In other words, if I’m going into this earning date with my unrealized gain on the table, I’m practically betting this whole $KNDI pot (principle and unrealized gain) on the earnings result.  So  I asked myself if I am ready to push all my $KNDI chip in the center of the table?

No.

The possible “island top” was all I need to find an excuse to sell $KNDI to lock in profit last Tuesday 03/04.

In an nutshell, I lost my “nerve” on $KNDI.

But that is just me.  $KNDI could surprise and continue to move much higher and those who have the gut to bet big will surely be rewarded for their risk-taking.  I believe I was rewarded very well for my gut and conviction of buying at the low $5 and rode it all the way to $18.xx since the latter half of 2013 with a double-down in late December after Geely’s announcement on the EV version of the London’s black taxi.

For now, $KNDI is just another possible speculative bet that warrants a “guerrilla” type of trading- in and out with small to medium size position for a quick swing trade.  With more update fundamental news, I may again become a longer-term holder.  One thing I learn is that today stock market environment requires us to combine nimbleness and a long-term outlook at the same time.  Think of a jaguar following the herd jumping in and out of the herd for the kill but still follow the herd for the next possible kill.

I actually went in with some starter position on $KNDI today but chickened out at breakeven when I realized I didn’t want to hold the position over the weekend.

Both $CARA and $LRAD were taking hit today so my port suffered another small setback.

Since $CARA position was only 1/3 of my original $KNDI size, My conviction of its disruptive pain-killer technology can handle the drawdown.

CARA_daily

So far, all I’m seeing is some normal price correction.  Still holding my shares long and strong despite taking heat.

$SEED was practically neutral which was good enough for me.

seed_daily

Notice that price is still above the support area. Still holding long and strong.

$KGJI bounced slightly today.

KGJI_daily

Perhaps, next week price will take out the $1.85 resistance once and for all?

$MZOR performed well today coming back from a bearish attack to close only slightly down.

MZOR_daily

Price is still trading in the upper-range of the consolidation.

$LRAD was still stuck in its own consolidation range.

LRAD_daily

Today was another set back but I like to see price bounce tomorrow to stay inside the recent consolidation area.

Due to $LRAD and $CARA correction today, my port was down another notch but overall is still above milestone high.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI and 28% cash.

From my other account:

$FITX broke thru the resistance today.

FITX_daily

Although it fell back from the high of the day, it still closed above the previous resistance which has now become support.

$FITX announced that it acquired Hemp Technologies Ltd.  I believe that $FITX is laying on the correct brick to build the company up. To me, it makes perfect sense.  After harvesting the 1.3 million pounds of medical cannabis, those non-bud (leaves and stems) can be used for industrial hemp.  Nothing go to waste.  What perfect synergy!

Still holding long and strong.

My 2 cents.

Comments »

03-06-2014 Trading Journal

Market was up slightly today and the general direction is still up.

SPY_daily

Notice that volume was lower than average for the last two days.  Can price continues to float upward from here?  We will see.

I added to $KNDI due to a strong opening; but when price started struggling to stay within the opening range, I decided to put a stop below the range.  I remember reading that some outfit projected a target of $20.xx; so I asked myself, “we are at the target, so who else is buying this up?”  Apparently no one since I got stopped out when price fell thru the lower opening range.  Luckily I still had some profit from yesterday buy that despite my adding this morning, I came out with a small profit.  Although I got out of my large position two days too earlier; I really can’t complain about the profit I was able to capture.  Stock speculation is risky and no one can ever get out at the top or buy at the low.  We just need to stay true to our decisions without second-guessing ourselves because hindsight gives a different picture than the one we’ve envisioned.

$SEED took a tumble at the open when there were no news to hold yesterday gain.  I did not sell ’cause my original objective of seeing thru the China’s decision on approval of the GM seeds has not changed.

seed_daily

While price came back down, it still stayed above the support (blue line). The good news is that $3 resistance had been broken, so I don’t see it as a hard resistance anymore.  Let’s see if there is a bounce tomorrow.

I sold $SVA today ’cause price fell thru yesterday low.

SVA_daily

When I loaded up to swing for the fence, I expected price to behave upward with strong momentum.  And when price went the other way, I had no choice but to “get out of Dodge” before losses magnified to an unbearable point.

$MZOR bounced a bit today so I’m still holding.

mzor_daily

Price is still at the upper range of the consolidation area so I’m not worried at this point.

$CARA corrected today but I decided not to sell any shares ’cause I believe this new pain-killer can improve pain-management drastically due to the lack of side-effects the opiate drug has.  So, I’m holding this for a possible buy-out from big pharmaceutical company or positive phase 3 result.

cara_daily

See how price closed above the 5 MA line?  Hopefully, it is finding support here.

Both $KGJI and $LRAD were practically neutral for the day.

Due to correction of $SEED, $SVA, and $CARA, my port gave back a chunk of gain from yesterday.  However, my port is still above my milestone level.

Current holdings:

LRAD, SEED, MZOR, CARA, KGJI and 28% cash.

From my other account:

$FITX continued to bounce back upward.

fitx_daily

We may be seeing a V-shape bounce to take out the resistance @ $0.115 level.  As $FITX continues to show progress on the construction of the facility, price will continue to climb higher.

My 2 cents.

Comments »

03-05-2014 Trading Journal

Market took a breather today after yesterday huge rally.  While it closed slightly negative, I considered it a neutral day.

Unfortunately, I believe there is a server crash at TC2000.com for I couldn’t login after upteen times; thus, I’m going to have to write this journal without chart.

Well, $KNDI opened higher and closed higher.  What could I do but to kick my own behind?  After reviewing my thought process yesterday that prompted me to sell for profit, I realized I’d forgotten to remind myself of my past errors in selling too soon ($LNG being an example).  Yesterday was not the first time I was tempted to take profit.  In the past, I was quick to remind myself of the missed trend plays on $LNG and that was good enough for me to pull back my trigger-finger and sit on my hand.  Somehow, yesterday, that reminder was absent and I allowed my fear of giving back profit that would put me back below the milestone target to affect me.

But then, all is not lost.  What I’ve really given up is today range of profit which is pale in comparison to my lock-in profit I took home yesterday.  I did, however, buy back some starter position (about 1/6th the original size) at the low $19.xx.  Furthermore, it is time for me to re-balance my port due to $KNDI being way over-weighted.  Today, I was able to use the available cash to spread it around $SVA, $KGJI, $SEED, and $CARA.  I still have some cash tied up with the three-days settlement period which when release, I will use it to buy more $KNDI to bring its size back up but it won’t be the same size as before.  The end result will be that I’ve seven hi-beta stocks that are evenly distributed in size; nevertheless, $LRAD will remain the largest position of all.

Although I missed the $KNDI rally that could take my port another notch up; my port was still able to move much higher thanks to $SEED incredible 34% jump.  In other words, $SEED saved the day!

I believe that China may be leaning in favor of allowing GM (genetically modified) seeds to be used in China agriculture.  This is probably why $SEED went ballistic today.

Out of the seven stocks, only $MZOR was down today; thus my port continued onward to make new high.. As in chart psychology, now that my milestone resistance has been broken, I no longer has the psychological barrier on the new level.  I’m ready to move on to the next level.

Current holdings:

LRAD, SEED, SVA, MZOR, CARA, KGJI, KNDI and 8% cash.

I’ll be looking to buy back more $KNDI when the 8% cash becomes available.

From my other account:

$FITX continued to move higher from yesterday huge bounce.  BECAUSE price was bouncing up instead of heading south, I allowed myself to add more $FITX today as a swing trade.  This means that if $FITX was to go south again, I’ll dump today add in a hurry but will hold the rest for the long-haul.

Overall, despite not having a lot of $KNDI around, I was still able to have an excellent up day.

My 2 cents.

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03-04-2014 Trading Journal

Market staged a spectacular rally after a gap-up.

SPY_daily

Look at the spike up!

$KNDI also followed with its own spike-up as well.

kndi_daily

However, I’m spooked by the narrow range doji formation at the top. Although it has not been confirmed to be one, the doji at the top reminds me of the island top reversal pattern.   Thus, despite my better judgement, I made the difficult decision to sell all my $KNDI shares to lock in profit even though I like this one for long-term.

Another main reason I wanted to lock in profit today is because my port has finally reached a milestone in term of a specific target I’ve dreamt of achieving.  In a manner of speaking, I’ve broken my own “sound barrier” record.  As such, I like to see this new milestone frozen for a few days by locking in my biggest gain so that any temporary correction of $KNDI will not drop my port back below today high.

$MZOR was up slightly but I added some to round up my investment size.

mzor_daily

Price is now banging against the top range of the consolidation.  Let’s see if it can breakout to the upside this week.

$CARA was also up today and it was fighting to stay above $22 all day but failed at the end.

cara_daily

At first, I sold some to lock in profit.  But the more I think of its potential as a pain-killer drug, the more I want to stay in with my trading shares; thus I bought back the shares I sold in the morning plus some before market closed.  Let’s see if this one can continue upward this week.

The rest of my positions provided minimum impact on my port.  Thus, today $KNDI, once again, took my port to a whole new level.  I’m sure I may regret getting out today but I need a rest to enjoy the view for a moment.

Current holdings:

LRAD, MZOR, CARA, SEED, KGJI, SVA and 32% cash.

From my other account:

$FITX fell off the cliff and even I found it disturbing for a moment.  Thanks goodness price bounced back up eventually.

fitx_daily

See how price bounced off the 79 MA line?  Magical!  With such high volume to back up the bounce, the odd of continuing upward is high.

My 2 cents.

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