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Monthly Archives: April 2014

04-29-2014 Trading Journal

The market bounced some today.

SPY_Daily

I like the fact that it closed above yesterday high. This confirmed the bullish stance especially when yesterday was a long tail bar which meant the bull came back strong from below and now it was able to hold its gain and some.

I added to $AMRN today anticipating a breakout of the $1.67 resistance.

AMRN_daily

It finally did but price closed right on the resistance level… wait a sec… it should be called support now.  Anyway, chart still looks good to me for a possible bounce to higher price.

I bought $NUGT back today ’cause price was bouncing after the open.

NUGT_daily

When price took out the opening range, I bought back a position. Let’s see if price can move higher from here.  I’m feeling that flight to precious metal is about to happen soon.

$DMRC moved higher today and is now near the resistance point of $34.3x.

DMRC_daily

Let’s see if it can take out that resistance tomorrow.

$CERS also bounced a bit higher.

CERS_daily

I like the fact that price is now closing above both the 5 & 20 MA lines.

Thanks to rallies from $DMRC, $SVBL, $AMRN, $SEED, and $CERS, gain was more than offset the losses from $LRAD and $APRI.  My port gained 1% today.

Current holdings:

DMRC, LRAD, SVBL, AMRN, SEED, CERS, APRI, NUGT and 6% cash.

From my other account:

$FITX had a correction today but that was again a non-issue except to wait for Health Canada to inspect and approve the license.

My 2 cents.

 

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04-28-2014 Trading Journal

The market had a yoyo day… uip and down and up again.

SPY_Daily

Thanks goodness it closed on the higher side.  Today action meant that the bull hasn’t given up yet.  The uptrend is still on and the 79 & 89 MA lines are still trending higher.

Today, I continued to add to $AMRN position due to the fact that Pfizer is in take-over mood.  Not that it will buy out $AMRN but it may put other potential buyers in the mood.  I’m also thinking that monthly script may start to increase as a result of the partnership with Kowa Pharmaceuticals America Inc.

AMRN_daily

From the look of the chart, today bounce offsets Friday drop and keep the price above the support established back in late January. Let’s see if price can get back to the $2 area.

I also bought a starter position on $KNDI for the bounce after the collapse at the open.  The bounce was good but it didn’t last.  I was stopped out for losses since it was meant to be a swing trade instead of a buy and hold.

I also added to $APRI.  As long as price did not take out the lower half of the April 16th long green bar, this one has the potential to take out the resistance at $2.6x.

APRI_daily

However, from the chart point-of-view, it has mixed signals.  Price staying above the 89 xma and the 20 MA line is a good sign but the momentum indicators below all point to possible over-bought.  I added more simply because $APRI is finally shipping their products.

I bought back $CERS here ’cause it looked like a formation of a double-bottom here.

CERS_daily

From the chart, you can see the current double-bottom support goes all the way back to July of last year.  I expect this support to hold.  If price bounces from here, I may add more.  Earnings is coming out on May 1st and I feel that any bad news is already baked in the downdraft for the last two months.  So, the probability of bouncing is good.

$DMRC looked like it wanted to bounce so I added a bit more.

DMRC_daily

Today price action closed above Friday high which boded well for the bull side.

Despite some gains, losses from $KNDI and $SEED put my port at breakeven for the day.

Current holdings:

DMRC, LRAD, SVBL, AMRN, SEED, CERS, APRI and 14% cash.

From my other account:

$FITX continued higher and closed right on the resistance line.  It really doesn’t matter where price close these days ’cause the real key here is to get the license approval from Health Canada.

My 2 cents.

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04-25-2014 Trading Journal

Market corrected today and gave back about four days of gain.

SPY_Daily

If you look at the chart pattern inside the consolidation range, do you see a head and shoulder in development?  If price takes out the lower band of the consolidation range, the market is in trouble.  If price takes out the previous low at April 11th, it will be bad.  But these are all “ifs”; so let’s not get ahead of ourselves here.  As long as price stays above the 79 & 89 MA lines, I’m leaning on the bullish side.

I didn’t do much today except to add a bit more $AMRN and $APRI which closed down for the day.  I’m going to give these two a bit more room to breath instead of trading in and out quickly.  I want to hold these twos for a longer term to see if fundamental can take them back up; so I’m going to give it some more room.  Last time I traded in and out of a stock I missed out the spectacular rise of $GWPH.  So, I’ve learned my lesson once again.

$DMRC opened lower and then dropped like a rock when somebody dumped a thousand or so shares at the market, but that was a fake low since the next trader who bought a couple of hundred shares had to pay much higher than the intra-day low.  This is what you’ve to deal with when you are holding a super low-float stock.  I don’t mind it at all since I believe once the fundamental story begin to take hold and embrace by the market, price will be on the up and up.  I’ve got a good feeling about this one the same way I had a good feeling about $LNG.  My mistake was that I allowed the volatility of $LNG got the best of me so I bailed with a small profit and missed the biggest rally ever.  This time, I’m going to hold on to $DMRC despite volatility.

DMRC_daily

See how price had regained much of the downdraft by closing bell?  Today bar looked like a dragonfly doji; this pattern has a high probability of being a market turning points.  Let’s see if this is the case here.

It was strange that $SVBL did not follow the silver trading pattern today which was up slightly.

SVBL_daily

This must be an aberration due to some motivated sellers trying to raise some cash.  I’m holding this one the way I’m holding $DMRC and $LRAD ’cause I believe flight to precious metal may happen this year.  I don’t know when but it may happen.

Due to $SVBL and other minor corrections of the rest of the positions, my port was down again.

Current holdings:

$DMRC, $LRAD, $SVBL, $SEED, $AMRN, $APRI and 30% cash.  YTD gain is now 7%.

From my other account:

$FITX bounced nicely today.

FITX_daily

Now, the long-standing resistance is only a stone throw away.  I believe money flow coming from people who sold $PHOT was driving $FITX up today.

My 2 cents.

 

 

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04-24-2014 Trading Journal

The market struggled all day to maintain above water and it did but barely.

SPY_Daily

From the chart, while it was still a red bar due to a higher open, you can’t help but think it is quite bullish.

With market gapped higher on the $SPY, I was thinking of closing out my $TZA at the open.  I even placed a market sell order before the open.  Then I remember how $TZA had bounced right back up last several times when it opened lower.  So in about a minute before market opened, I cancelled the market sell order and placed a stop below the after hour intraday low to give $TZA some room to bounce.

And bounced it did.  As $TZA broke out of the intraday high, I added more. When it broke out of the opening range, I added again.  However, when price couldn’t hang on to the upper band of the opening range and started to fall off, I closed my positions to lock in some gain.  Since I’d seen my $TZA gain evaporated into thin air the last few times, I learned my lesson well.

I also placed a breakeven stop on $NUGT before market opened and was stopped out not too long later in the morning.

$DMRC did not stayed at the after hour low after open but instead traded only about 5% below initially.  Then price began to bounce and reduced the losses even more.  I started to add more shares by taking small bites at a times.  While price eventually gave back the gain from the bounce and ended the day down about 6%, I’m not worried anymore.

After reading the earnings call from yesterday, my belief in the company has gone up and I’m fully prepared to handle the coming drawdown against my $DMRC position.  With a small float and outstanding share of a little over 7 millions, this is not the stock to trade in and out.  This is one stock where I’ve to dig in my heel and hold it until the flower bloom.  Thus, it is now standing side-by-side with $LRAD as a long-term hold. Both have low liquidity.  Giving my aggressive purchase of $DMRC, it is now my largest position in my port with $LRAD coming in at 2nd place.

I’ve noticed that after I sold $AMRN yesterday, price was holding very strong.  Thus, I decided to buy back some shares for the hold.  I may add more tomorrow when fund becomes available.

$APRI chart looked good and news today gave me confident to buy back a position.

APRI_daily

Notice that price is now above the 79 & 89 MA lines.  It is still well above the mid-point of the long green bar from April 16th.  A long green bar with high volume has a high probability of defining a bottom.  If price goes up tomorrow, I may add more if fund becomes available.

Due to drawdown from both of my two largest position ($DMRC and $LRAD), my port is down 2%.  YTD gain is now 9%.

Current holdings:

DMRC, LRAD, SVBL, SEED, AMRN, APRI and 33% cash.

From my other account:

$FITX continued to slide back down a bit more after hitting resistance yesterday.

FITX_daily

At this point, I’m not worried about the day-to-day price action.  There is nothing to do but to wait for the Health Canada approval of the license.

My 2 cents.

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04-23-2014 Trading Journal

Market was on defensive all day.

SPY_Daily

See how price rested on the support?  However, with $AAPL after hour rocket launch, we may see a bounce tomorrow in the general market.

Today, I decided to be Rambo and bought $DMRC aggressively into the earnings betting for a positive outlook.  After listening to the earnings conference, I’ve to say that things are looking up and up.  Unfortunately, due to the “expected” losses, there were a few thousand shares being dumped after hour.  Being a super low-float stock, a few thousands shares in the after hour could weave havoc to the price.  So far, price was down 16%.  Since I like what I heard in the conference call, I’m going to hold this one long-term.  I may even buy some more below $30 if I can.  I expect to see a rocket launch for this stock later in the year when they sign a large retailer to their Digimarc barcode technology.  So, I’m not worried.

When $KNDI went down to low $13.xx after the open, it triggered my mental stop and I got out with a small gain.

$NUGT looked good for a bounce after it took out yesterday high so I bought a position.

NUGT_daily

After weathered the initial downdraft, price eventually bounced higher the rest of the day.  However, there are quite a few resistances ahead, namely the 15, 79 & 89 MA lines.

Seeing that I was aggressively adding $DMRC, I decided to lighten up other positions to make room on the risk department.  I sold $AMRN and $CERS at breakeven.

I also bought $TZA for a bounce and got stopped out not long after due to a tight stop. After seeing price bouncing back up from where I was stopped out, I bought back in and set a hard stop below yesterday low.  This time, I got traction and was in the money by the close.  Nevertheless, seeing that the market is up after hour right now, I probably will have to give back the gain from today.

Due to the correction on $DMRC and $LRAD today, my port dropped 1%.  I may give back more % tomorrow if $DMRC cannot recover from today after hour trading action.

Current holdings:

LRAD, DMRC, SVBL, SEED, NUGT, TZA and 33% cash.

From my other account:

$FITX continued to surprise when it announced today of appointing a “highly qualified” director with a heavy credential.  Somehow, price couldn’t hold above $0.09 cents so it dropped back down to mid $0.08x by the close.

$FITX is currently installing the front gate with sally port as a final step to get the Health Canada approval for a license.  We may hear something soon (as in the next two weeks if not sooner).

My 2 cents.

 

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04-22-2014 Trading Journal

The market continued higher like another normal walk at the park…

SPY_Daily

Price took out the resistance like it wasn’t even there…

OK, I’m pissed that I missed out the $GWPH rocket launch .  Having only owned it yesterday morning and was out coming into the gap up this morning, it was as frustrating as taking an unexpected big losses. Ok, now that I got this frustration out of the way, I’m moving on.

Did I wish I had the same number of $KNDI shares I had yesterday!  I’m actually paying the price of playing safe yesterday by dumping those hi-beta stocks.  Giving today hindsight of missing some of the boats leaving the harbor, will I do it again next time dumping hi-beta stocks in the face of a possible melt-down? You BET!  I rather play safe by re-balancing my port and miss the profit opportunity than to take a bigger hit by being overweight on risk exposure.

Seeing that the market took off after the open, I began to add to $AMRN, $CERS, and $SEED,  I also bought back some $KNDI.

While not getting a bigger gain had I hold on to $GWPH, $KNDI, $CARA from yesterday, I still received a respectable gain today from $LRAD, $DMRC, $KNDI, and $AMRN.

Current holdings:

LRAD, DMRC, SVBL, CERS, SEED, AMRN, KNDI and 29% cash.

From my other account:

$FITX was practically neutral today.  The vault, required by Health Canada for licensing approval, has been installed!  It will be soon when we will hear about the licensing approval.  Still holding long and strong.

My 2 cents.

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04-21-2014 Trading Journal

Market continued higher in a slower and cautious speed.

SPY_Daily

Another green bar boded well for $SPY. However, as you can see, there is a nearby resistance market has to overcome before heading higher.  The middle blue parallel lines is what I’m talking about.  Did you see the previous highs clustered around March 18th to 26th, and then again at April 9th and 10th?  Tomorrow we will know if price will break thru the resistance or drop back from bumping its head against resistance.

Today, I was shaken out of a few positions during the morning mini-collapse 40 minutes after the open.

At first, I added to $KNDI ’cause prices were heading higher like a trapped bull finally running free of its cage.  I added quickly and aggressively and was in the zone.  Then, without notice, price began to fall fairly quickly.

“What the f***?”

Due to my aggressive buy, I almost doubled down from Friday position.  With the speed of the fall continuing to accelerate, I saw my unrealized gain vaporizing into thin air.  Trying to cut the position quickly so I didn’t have to eat a big losses from this “uninformed” drop, I started hitting the “Sell market” button one after the other.  Somehow, I got carried away and ended selling the whole $KNDI position.

“Darn!”

Looking at my remaining available cash (from three days settlement), there wasn’t enough to buy the original size back.  So I moved on.

Oh yeah, while I was dumping $KNDI, I took it upon myself to dump $GWPH, $CARA, and $FSLR as well.

BAD Mistakes!

Practically all of the positions I sold except for $GWPH would have put me in a nice gain today… but you know it wasn’t me talking now, right?  It was Mr. Hindsight who was speaking (typing…)

Anyway, at the times I was selling the positions mentioned above, I was merely re-balancing my port to accommodate the “possible” cliff-falling market action.  Since the cliff-falling did not happen, my re-balancing act was not needed.  I did what I needed to do at the time so it was nothing for me to “dwell” on.

The act of re-balancing was a mean to allow me to keep some of my long positions without too heavily invested.   $KNDI, $GWPH, $CARA, $FSLR all came in this morning as a medium size starter positions and they were meant to be the first to dump if I felt the market was turning back down.  Meanwhile, $LRAD, $DMRC, and $SVBL were my three largest positions in the port and I want to keep them large going forward; thus my non-hesitation in dumping the stocks mentioned above even though they all came back up by day close.

Before the dumping this morning, I also bought back some $CERS and added to $SEED.  Near the close, I bought back some $AMRN to take advantage of the lower price.  I decided to buy back $AMRN ’cause when I called the pharmacy to refill my Vascepa fish-oil, they were able to give it to me the same day.  In past, they always had to “order” them due to the fact that I might be the only one who wanted it.  Not having to “order” meant the pharmacy is stocking up Vascepa to handle demand.  Hence, my buying back $AMRN.  Pretty crude justification to buy but it was good enough for me to do so.

$DMRC.  I realized I had not mentioned why I selected $DMRC to be a major holding of my port.  I think this news should sum it up:

Digimarc Unveils the Digimarc(R) Barcode at NRF 2014: Significantly Improves Checkout Scanning Speed While Enabling Unprecedented In-Store Mobile Engagement

Here is what I like in the news announcement, “Top brands, including Cooking LightCostco, Ford and Sharper Image are already using digital watermark technology in magazines, brochures, catalogs and food packaging to engage with consumers via mobile devices.”

Although this was old news from back in January, it was very relevant to me when I discovered it last week. The technology and the concept could not be more relevant in today proliferation of smartphones with internet access.  How convenient it is to simply point your smartphone to the article, TV, audio sound, or the product itself and capture the hidden digital barcode that will take you straight to the information website or even the shopping cart screen for you to place an order without having to go thru the steps of “googling” the product you want to know more about.

So I started buying.  Due to the very low float, this stock was difficult to buy in bulk without chasing it up.  So I bought some everyday for the last few trading days.  Wednesday will be earnings day and I’m taking a big risk buying into earnings.  If this takes off after Wednesday, I hit another home-run, and if it tanks after earnings, I may add more depending on the new information that becomes available.

DMRC_daily

From the chart, price is now getting near the previous resistance at $36.93 (or $37); let’s see if Wednesday earning will blow this resistance to pieces or my position into pieces…

Since I sold my trading stocks to cut losses in the morning times, I didn’t have enough gain to offset the drawdown from $LRAD and $SVBL.  However, gain from $DMRC did a good job reducing today losses.  Today, my port dropped 0.5%.

Current holdings:

LRAD, DMRC,SVBL, SEED, CERS, AMRN and 42% cash.

From my other account:

What more can I say?

$FITX continued to bounce higher anticipating  a positive Health Canada response.

FITX_daily

Price has to overcome the nearby resistance around $0.09.  Let’s see if it will take it out tomorrow.

My 2 cents.

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04-17-2014 Trading Journal

The market continued to bounce some today.

SPY_Daily

While it was not a big rally like the last two days, it was enough to keep the bull momentum intact.

For some reason, I got the distinct feeling that today the bull was developing into a base.  Thus, I began buying back some positions for the long-side going into the long weekend.

I started by adding more $DMRC.  Then seeing that $KNDI bounced off the long-term support at $11.00 area two days ago, I “felt” it was the right time to buy back some positions.  I’m also stroked by last Monday news that Shanghai is going to launch the public EV car-sharing system pilot project.  In a “normal” market day, this news might create a gap-up situation but current bearish climate neutralized the new info as if it was nothing.  I see this as an opportunity to buy back some now.  Let’s see if $11.00 can hold the support; if not, I may have to cut and run to stop the bleeding.

KNDI_daily

See how the support extends all the way back to beginning of January?

I also bought back $GWPH which I’d been trying to buy (and stopped out) previously.  However, I was sensing a bounce coming so I bought a starter position to see if it bounced this time.  It did so far.

GWPH_daily

Like $KNDI, the support extends all the way to early January as well.

$SEED was also bouncing from yesterday small green bar.

seed_daily

I started buying $SEED after the open to build it back to about 70% of my original size.  Price closed above the 79 & 89 MA lines  and it looks good.

I like $FSLR here ’cause there is a support that extends back to November of last year.

FSLR_daily

If the support holds, I may add more.  I like $FSLR ’cause it was the only solar stock that did not corrected like all other solar stocks.  In fact, while others were sliding down, $FSLR was actually on the up and up.

I added to $DMRC ’cause I saw the possibility of price taking out the resistance from late March.

DMRC_daily

Price did took out the resistance.  Let’s see next week can keep up with the upward momentum.

I also bought $CARA but price didn’t do much; so let’s if it will bounce next week.

Thanks to rallies from $LRAD, $DMRC, $KNDI, $SEED, and $GWPH, my port regained yesterday losses.

Current holdings:

LRAD, SVBL, DMRC, KNDI, FSLR, SEED, GWPH, CARA and 35% cash.

From my other account:

$FITX released news that added more weight to its goal of being the largest legit medical cannabis producer.

FITX_daily

Due to its positive effect, price rocketed up 20+%.  As a result of the news, I added more $FITX as well.  Did you see how price bounced off the 79 & 89 MA lines?  Magical!

My 2 cents.

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04-16-2014 Trading Journal

Market continued on its rally today and placed itself right back into the middle of the consolidation area.

SPY_Daily

Price now closed above the 15 MA line.  Looking good so far.

Seeing the market was up, I began to buy back some stocks to test the water. I started with $FSLR; then starter position on $GWPH, $CARA, $KNDI, and $DMRC.

Unfortunately, all of them except $DMRC were having problem floating on water.  $FSLR began to sink and so were $CARA and $KNDI.  Seeing that not every stocks were going up and some were still struggling to stay even, I set close stops and all of them were triggered.  I left $DMRC along since it price pattern was quite strong for the last two weeks.

By the end of day, $FSLR rallied back up and I was left without shares ’cause I’d no spare cash.  Most still tied up with the three days settlement.  My going in and stopping out of new positions on the same day for the last few days had kept my available cash limited due to the three days settlement rule.

Believe it or not, having a cash account with no margin have kept me from going over broad.  This intentional limited fund balances my urge to move too much too quickly.

Thanks to uptick on $LRAD and $DMRC, my port went up slightly.

Current holdings:

LRAD, SVBL, DMRC and 64% cash.

From my other account:

$FITX bounced some today which put price back on the 79 & 89 MA lines.

FITX_daily

So far so good.

My 2 cents.

 

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04-15-2014 Trading Journal

Today, the stubborn bull bounced right back to the upside once again.  A replay of yesterday but with a little more zest…

SPY_Daily

See how it closed right at the resistance level?  With after-hour trading on the upside, the market might just bounce higher tomorrow.

Today, I, again, rode the $TZA train all the way up with a nice paper gain and then rode it all the way back with a small losses to boost.  While the market bounced back hard, $SVBL in my port took a hit today that set me back 1.5%.  Instead of a 12% YTD gain, I’m now at 10.5%.

If the market bounces from here, I’ll need to find some stock to put the money to work.

Current holdings:

LRAD, SVBL and 68% cash.

From my other account:

$FITX corrected today but price was still at the 79 & 89 MA lines.

My 2 cents.

 

 

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