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Monthly Archives: August 2014

08-15-2014 Trading Journal

It is inevitable that the market will try to correct after so many up days.

SPY_Daily

The $SPY started the day higher but then succumbed to profit-taking.  However, by closing bell, market recovered to close at breakeven.  It was quite an impressive feat considered how long the tail was on today candlestick bar on the chart.

Nothing go straight up; thus I expected correction to my recent fast-tracked increase of my port.

$LRAD gave back 5.5% after five days of higher prices which wasn’t so bad considering.

LRAD_daily

Price is now settled at the upper-trendline of the Andrew’s pitchfok pattern.  News of new order from US Coast Guard or the Middle East mass notification city installation will propel the price to higher ground.  So, this is going to be one heck of a wild run here.

$HYGS gave back a slight 1.6% which wasn’t so bad.

HYGS_daily

Price is still above the 5 MA line and the chart looks bullish.

Although $DMRC closed down, I like what I saw on the chart.

DMRC_daily

I like the way price bounced back up from the low before closing.  The odd of a bounce from here.looks good.

$STV attempted to breakout of its recent consolidation but failed at the end.

STV_daily

However, the real deal is next Tuesday when earnings is reported.  It is my belief that their numbers will surprise us to the upside.

$AMRN was holding its ground.

AMRN_daily

The chart showed a normal pause after a big one day increase.  I believe more good news will come to Amarin.  A buy-out or a FDA favorable decision, take your pick.  Or should I say roll your dice?  Like a blackjack counter, I counted a lot of high cards in the shoe, so my odd of winning the hand is high.  So let’s see how my cards play out by mid-Sep which is when the FDA may announce their decision.

Due to corrections from $LRAD, my port gave back 2.9%.  YTD gain is now  at 11.1%.

Current holdings:

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

My 2 cents.

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08-14-2014 Trading Journal

The market rallied back up inside the previous consolidation range.

SPY_Daily

It is looking good from here.

Today, three of my six stocks staged strong rally of over 6% with $AMRN leading at 11.5%, $LRAD at 8.3%, and $HYGS at 6.7%.   In term of dollar gain, $LRAD lead with $HYGS second, and $AMRN third simply because $LRAD is my largest position with $HYGS being the 2nd largest.

$AMRN, for some reason, was rallying hard with no news.  Maybe somebody knows something…

AMRN_daily

Price broke out of resistances that went back from May to July.  This is very positive for the bull.

$LRAD went over the upper bar of the Andrew’s Pitchfork which was a very powerful move.

LRAD_weekly

Next resistance is the Aug 2011 high at $3.36.  The above is the weekly chart.

$HYGS broke out of its recent mini-consolidation range.

HYGS_daily

Price looks good to move on to $28+.

These three positions helped my port gained an astounding 5.5% in one day. YTD gain is now at 14%.

Current holdings:

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

My 2 cents.

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08-13-2014 Trading Journal

Market continued to bounce ahead.

SPY_Daily

Price close above 15 MA line with the 5 MA crossing over 79 & 89 MA lines.  It’s all good for the bull.

Today, five out of my six stocks went up with $STV remained unchanged.

$LRAD continued to roar ahead!

LRAD_daily

Price momentum is very strong and volume is quite decent as well.  There are simply too many potential huge catalysts for this one to remain neutral.  I’ll be holding this one for quite awhile.

The rest of the four stocks bounced slightly so I’m not going to put up charts.

Thanks for $LRAD stellar performance, my port went up another 3.5% and YTD gain is now 8.5%.

Current holdings:

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

My 2 cents.

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08-12-2014 Trading Journal

Market correctly softly today.

SPY_Daily

From the look of it, it seems harmless.  Price is still above the 79 & 89 MA lines.

Today, three of my stocks were up against three down.  Unfortunately, two of the down stocks are my top three largest positions.

$HYGS finally corrected.

HYGS_daily

I would consider it’s a healthy correction.  I’m continuing to hold for fundamental reason.

$DMRC gave back gain from yesterday plus some.

DMRC_daily

Still I’m not faded by the fallout for I’ve faith that fundamental will rule out in the end.

$ORBC continued to bounce.

ORBC_daily

I also believe that fundamental will win at the end when the seven new satellites are put into active use.

$LRAD continued to surge ahead.

LRAD_daily

Resistance is still the previous high of $2.48.  Price may or may not correct from profit-taking over here; but I’m holding my shares regardless.

Due to the large drawdown from $DMRC and $HYGS but was cushioned by gain from $LRAD, my port gave back 1.7%.  YTD gain is now 5%.

Current holdings:

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

From my other account:

I sold $INFN in the morning to cut losses.

My 2 cents.

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08-11-2014 Trading Journal

The market started the week off with a bounce.

SPY_Daily

While it was not a spectacular bounce, it was decent enough for the first day of the week.

I’ve another good solid day with 5 out of 6 stocks being up for the day.

$LRAD continued to moved higher albeit with lower volume than last Friday.

LRAD_daily

Price closed above the mid-point of the Andrew’s Pitchfork uptrend line.  Momentum is very strong after the conference call.  The numerous sizable deals on the tables are all strong catalysts for higher price in the near future.  Click here if you are interested in learning more.

$DMRC also did well with a solid bounce.

DMRC_daily

Price climbed over the 15 MA line and the formation of a V-shape bounce is being developed.

With the exception of $STV which was down for the day, the rest was consolidating with bias leaning on the bullish side.

Thanks to $LRAD and $DMRC, my port gained 3.4%.  YTD gain is now 6.7%.

Current holdings:

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

From my other account:

$INFN tried hard to break out but couldn’t do it today.

INFN_daily

If price falls from here tomorrow, I may have to bail to cut losses.

My 2 cents.

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08-08-2014 Trading Journal

Finally, the market bounced nicely.

SPY_Daily

See how the price closed above the 79 & 89 MA lines?  The chart looks good for a continuing bounce.

Today my port made a nice comeback.

$LRAD opened high and proceeded to reach the after hour of $2.46 high with high volume.  But, as expected, profit-taking came in and dropped the price back down to a respectable 15% increase for the day.

LRAD_weekly

From the weekly chart above, price closed at the previous resistance at $2.24 which was the high back at early February. If the general market continue to bounce next week, I don’t see why $LRAD will not follow with higher price.  Any news on deals mentioned on the earnings conference call will cause price to spike up.  I expect it to break out of previous high of $3.36 established in the week of August 1st, 2011.

Per the Q3 earnings conference call, there are numerous potential sizable deals on the tables that may become revenue in Q4 and beyond.  Any news on any successful deal will take price to the next level.  The larger the sales amount in the deal, the higher the price will go. Still holding long and strong.

Due to delay of FDA decision to mid-September, $AMRN did not jump. In fact, $AMRN traded down but recovered near the close.

AMRN_daily

I like the way $AMRN closed on the chart.  A long tail with close at the 89 MA line.  I can see a bounce coming here.

Although $HYGS was the only stock in my port that was down, the chart still looks strong.

HYGS_daily

See how price closed above the 5 MA line.

$ORBC closed strong with a bullish engulfment bar today.

ORBC_daily

I can see price bounce from here to $7 and beyond.

$DMRC and $STV continued to hold steady and leaned toward bouncing higher.

Thanks to the spectacular rally from $LRAD, my port was up 3.9% for the day with YTD gain now at 3.3%.

I’ve a good feeling that I may end the year strong provided there is no large market correction to intervene.

Current holdings:

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

From my other account:

I added more $INFN.

INFN_daily

The daily chart above tells me that the probability of a break out is still above 50%.

My 2 cents.

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08-07-2014 Trading Journal

It was quite disheartening to see price collapsed after the market was enjoying being on a positive side during the morning times.

SPY_Daily

Seeing that after hour SP500 was down ten points, it didn’t look good for tomorrow either.  Let’s see if $SPY can find support at the $189 – $190 area.

I was fortunate to see that four out of six stocks in my ports closed higher.

$HYGS continued to surge ahead.

HYGS_daily

The current upstream is very strong.

After listening to the earnings conference calls on both $LRAD and $AMRN, I’m very excited about their future prospect.  $LRAD after hour was an impressive 26% jump.  But then the true gauge will be after tomorrow open.  Giving the many new deals that are on the table, I can see this one going over $3 soon.  However, the general down market may try to drag everyone down tomorrow.  Maybe $LRAD can ignore the bearish market sentiment.

In $AMRN case, the FDA decision is now delayed till mid-September,  Meanwhile, earnings was quite decent.  I anticipate a slow climb up from here.

Thanks to $LRAD, $HYGS, and $DMRC, my port gained 1.1% today.  YTD losses is now narrowed down to 0.6%.

Current holdings:

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

From my other account:

$INFN did well in the morning but succumbed to bear market pressure and closed lower for the day.  The more I researched $INFN, the more I like it.  I’m going to give this one a bit more time to breath.  But after hour bearish SP500 makes me think that $INFN will open down.  I may not hold for long since this is my trading account and not the “hold for fundamental development” account.

My 2 cents.

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08-06-2014 Trading Journal

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

SPY_Daily

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.

INFN_daily

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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08-05-2014 Trading Journal

Well, at least, the market tried to rally but at the end, the bear just dragged it down.

SPY_Daily

Price is now trading at the trendline and 79 & 89 MAs area.  It needs to bounce soon to maintain at the same level of the supports; otherwise, it is going to fall to the next support.

$DMRC was the hero for the day ’cause it was one of the two stocks that were up while the other four were down.

Since the other stocks were down slightly, $DMRC was able to reduce today losses to 0.1%.  YTD losses is 3.1%.

Current holdings:

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

My 2 cents.

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08-04-2014 Trading Journal

Well, the market did bounce.  This further proves that a doji on support equal to a propensity to bounce.

SPY_Daily

However, volume was half of the last two trading days; thus, this bounce has yet to be proven to hold water.

Today, four out of six of my stocks went up today.

$STV and $AMRN both had some good bounce that might have further legs to run.

STV_daily

AMRN_daily

Both $STV and $AMRN look like they may break out of the overhead resistance soon.

$HYGS took out recent high but gave back much again.

HYGS_daily

But it still closed a bit higher.  Price looks like it is getting ready to run again.

DMRC_daily

$DMRC, while down again, looks like it may find the bottom here.

Overall, thanks to $HYGS, $STV, $MARN, and $LRAD, my port gained back 1.1% today.  YTD losses is now 3%.

Current holdings:

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

My 2 cents.

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