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Monthly Archives: October 2014

10-03-2014 Trading Journal

The market took a V-shape bounce and confirmed a bullish hammer reversal candlestick pattern.

SPY_Daily

The good news is that price is now back above both the 89 MA line and the 5 MA line.  Next week will determine if this bounce can put the bull back in charge.  In other words, today price action has put the bull back in even ground against the bear.  It is now 50/50 for either direction from a short-term perspective.  From a long-term perspective, the bull is still in charge as shown in the weekly chart below:

SPY_Weekly

The long-tail doji reflected a pattern of “pausing” if you looked at the previous weekly bars on chart.  Thus, I say the probability of a continuing bull move up is high.

Today, $LRAD made up for yesterday’s lack of movement.

LRAD_daily

As you can see, price is now above both the 5 and 15 MA lines with the 5 in the process of crossing over the 15.  This is very bullish.  If price can move over $3 next week, price may test the previous high of $3.88.  The weekly chart below shows a even more favorable odd of a continuing bounce.

LRAD_weekly

Notice price bounce off the  weekly 15 MA line.

$DMRC was able to hold its gain from yesterday.  It was a worthy battle b/w the bull and the bear and the volume reflected it.

DMRC_daily

Price needs to move above the 79 & 89 MA lines soon to get back on the bull side.  Meanwhile the weekly chart shows a beautiful bullish engulfment candlestick bar that reflected a strong tendency to bounce from here.

DMRC_weekly

Perhaps, next week it will take out the 79 & 89 MA lines.

$ORBC, like $DMRC, was able to fight off the bear to hold the gain from yesterday.

ORBC_daily

Price still need to work hard to get back above the 79 & 89 MA lines to maintain a strong bullish outlook.  Giving the confirmation of a bullish hammer reversal pattern here, I say the probability of a continuing bounce is good.  The weekly chart below reflected the determination of the bull to get back on track.

ORBC_weekly

See how price is now back on top of the 79 & 89 MA lines; based on the magical quality of these two MA lines, $ORBC is going to bounce from here.

$IBIO was also able to fight off the bear and closed higher.

IBIO_daily

Price is now looking like a potential double-top.  Not necessarily a good sign; however, if you look at the weekly chart below, price definitely look like it is going to take out the January high of 0.85 soon.

IBIO_weekly

See how the weekly bar closed much higher than the 89 MA line?  Notice how all the weekly MA lines are either in the process of pointing up or already pointing up. We may see price trading over $1 soon.

As you can see from the daily charts above, all four of my positions were up today.  My port gained back another whopping 4.2% with YTD gain at 4.2%.

Current holdings:

LRAD, DMRC, ORBC, IBIO and 5.5% cash.

My 2 cents.

My reminder:

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”

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10-02-2014 Trading Journal

The market took a dip but made a gallant came back to close even for the day.

SPY_Daily

It was a much needed bounce to put a pause to the falling market.  Let’s see if it can take out today high tomorrow.

Meanwhile my port bounced strong for the day. Two of the four bounced 16% each with the third one up 4%.  For some reason, $LRAD did not participate in the bounce even though it announced new sales on their mass notification system.

$DMRC is finally initiated by Ladenburg Thalmann as a buy.  Price bounced hard with a 16.8% gain.

DMRC_daily

With a big green bar and high volume, we might just see the bottom here.  Shall it head back up now?  With November approaching, the investors are all wondering which one of the Big 5 retailer is testing the Digimarc barcode.  A positive response from this big retailer will send this stock much higher.

The next 16% club member is $IBIO.  The story is that Caliber Biothjerapeutics, a partner with $IBIO, is in negotiation to produce Ebola vaccine.  As in any story, price can only continue higher if there are follow-up with a contract.  We will see if that is the case.  One of the reason I like $IBIO is because its science and technology will allow vaccine to develop much more faster to keep pace with the threat.

IBIO_daily

Chart looks good so far even though some sell-off at today high brought the gain back down to a still respectable 16%.

Follow behind the 16% club is the 4% single member- $ORBC.

ORBC_daily

I like the fact that today took out the high of yesterday which may form a bullish hammer reversal pattern.

Thanks to the above three stocks, my port gained back a whopping 4.9% which put my port back to breakeven for the YTD with three months left to make some solid gain.

Current holdings:

LRAD, DMRC, ORBC, IBIO and 5.7% cash.

My 2 cents.

My reminder:

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”

 

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10-01-2014 Trading Journal

The bear finally took the air out of the bull.

SPY_Daily

Both 79 & 89 MA lines were penetrated to the downside.  The next support is the old high of April.

Despite the 200+ point fall on the DOW, I was fortunate to see $LRAD came back down from the low of the day to close higher.  By doing so, it offset losses from $DMRC, $ORBC, and $IBIO to the point where my port only gave back 0.1% with YTD losses at 4.9%.

Whew!

In the morning, I saw $NUGT being the few rare stocks that were up instead of down; so I took a risk and bought some for the bounce with a hard stop below intra-day low.  I wasn’t so fortunate on this trade, my stop was hit and I took my losses.  It was really an unnecessary losses for I had no business buying in a down market.  While I escaped more losses from $HYGS and $AMRN by getting out on Monday, I did not escape my own impatient today.  Oh well, moving on.

Current holdings:

LRAD, DMRC, ORBC, IBIO and 6% cash.

My 2 cents.

My reminder:

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”

 

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09-30-2014 Trading Journal

Market made an attempt to move up but failed at the end.

SPY_Daily

From the chart, it was only a small give-back.  There is still room for the bounce to happen since price is still at the 79 & 89 MA lines.

Today, three of my stocks rallied in the morning but failed to maintain altitude.  The only one stock that went up is $IBIO.

As a result, my port gave back 1.5% with YTD losses at 4.8%.

Current holdings:

LRAD, DMRC, ORBC, IBIO and 6% cash.

My 2 cents.

My reminder:

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”

 

 

 

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