Market corrected while Alibaba iPO opened higher.

This is not a good sign since Alibaba IPO in Hong Kong back in 2007 called the top of the market. Is it calling the top again?
My port was not doing well at all. I’m being tested on my resolve.
$DMRC fell below support and sunk deeper into red for my port. I’m wondering why I’m still holding this one. Is it my stubbornness or is it my conviction on the Digimarc technology? At this point, does it really matter since I’m already sitting underwater. I knew I had to put up with the volatility but didn’t expect it to be quite deep. Somehow I’ve developed quite a bit of tolerance against the drawdown on this stock. Since I did not average down but simply putting up with the drawdown, I’m going to ride this out as I’ve stated from the beginning. To me, this one is like buying real estate waiting for the city to expand into my location.
$LRAD also fell below $3 support. This one I’ve strong conviction so I’m also riding this one out. It is quite annoying to see your port gave back all previous gains in the name of long term play but this is where the big money is so I’m going to suck it up and take the drawdown as part of the journey.
$ORBC tried hard to rally but failed at the end. I’m very bullish on $ORBC so I’m holding. They are launching eleven new satellites by year end and it is only going to give them a better edge competing in the M2M marketplace. So, I’m also going to ride this one out.
$IBIO is my latest and recent purchase in which I also witnessed a quick gain evaporated in a couple of days. I believe in the technology and expect it to run like $INO in the past. So, I’m holding this one.
Basically, my port is going to be in a roller-coaster ride in the last quarter of this year.
Due to large drawdown from $DMRC and $LRAD, my port gave back a whopping 4.5%. YTD losses is now at 0.7%. Ouch!
Current holdings:
$LRAD, $DMRC, $ORBC, $IBIO and 7.7% cash.
With after hour market down, I’m expecting to see more drawdown in the near future.
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”
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