The market took a hard landing on the support established from previous highs back in late July.
Will it bounce from here? I like to think so; but what I think doesn’t matter anyway.
Needless to say, my port continued to fall hard. A whopping 4.5% with YTD losses now at 5.2%.
All four stocks were down with $LRAD down the most since it is a big part of my port. Yes, I’m aware I’m over-weighted here but it is a risk I’m willing to bear for the name of long-term play. I do not have margin here so I don’t have margin call to deal with. I can ride my port to year end and into 2015 waiting for the large military orders for long range acoustic devices and large order from cities for mass notification system. Remember, if the “what” is going to happen as I’m expecting it to be, I don’t need to worry about “when”.
The same philosophy go with $DMRC, $ORBC, and $IBIO. I think I figured out why $IBIO ran hard last week; it might have to do with the Ebola virus and the fact that plant-based vaccine is more efficient and economical to handle this type of emergency situation. Here is a good article to learn more.
Last Friday, I forgot to mention that I dumped $HYGS and $AMRN for losses ’cause my convictions for these two stocks were not as strong as the other four I still own. And I need to raise some cash for bargain hunting later on.
I’m eyeing $KNDI as a possible buy when the price is right.
LRAD, DMRC, ORBC, IBIO and 8% cash.
My 2 cents.
Wisdom from Warren Buffet:
“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”If you enjoy the content at iBankCoin, please follow us on Twitter