Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

08-06-2014 Trading Journal

Market dived head first into the water and then swim back up to the surface slowly.


I like the fact that price climbed back high enough to close around the support areas.  Now it needs to consolidate around this area to take a rest before bouncing.

Today, I’ve a slight bounce on my port due to rallies from $HYGS and $DMRC.

Both $LRAD and $AMRN report earnings tomorrow.  I’m like a boy looking at the upside down turkey with legs up in the air.  “Hmmmm…..” rubbing my hands together in anticipating of a glorious feast.

Yeah, right.

I don’t expect anything fancy on the numbers; however, I’m expecting it to show strength in the build-up of the business.  Both $AMRN and $LRAD are on the same boat.  Both needs to show that the world is waiting for their products with open arms.  $AMRN, however, has an added dimension that make this one even more exciting.  Like a gambler kissing his dices before the roll, I knocked my knuckles on my solid wood table for the effect.  Will the FDA change its mind?  drum roll…… for the decision may appear anytime this or next week.

Thanks to uptake on $HYGS and $DMRC, my port was up 1.4%.  YTD losses is 1.7%.

Current holdings:

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

From my other account:

I picked up some $INFN today looking for a breakout play.


Take a look at that long narrowing consolidation range.  Today long green bar may be the push that is needed to take out the box and move on higher.  We will see.

My 2 cents.

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