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Zenhunter

Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.

Charging ahead for $ECTY

Do you know there are five different models (economical, no Teslar here) of EV from five different manufacturers? Take a look at this link.

There are:

  • FIAT 500e
  • NISSAN LEAF
  • FORD FOCUS EV
  • MITSUBISHI 1-MiEV ES/SE
  • HONDA FIT EV

Besides the above models, there are going to be more models coming soon.  Did you know that BMW will have its $40K i3 model coming to the US next year?

So, with more and more economical EVs coming into the streets, what do you think will happen to the infrastructure for EV?

I know! I know!  More charging stations!

Right you are!

Folks, you cannot avoid this trend.  EVs are coming!

Do you know that Trader Joe’s has the BLINK charging station from $ECTY in their parking lots?

Now, let’s take a look at the daily chart of $ECTY below:

ecty_daily

Did you see the bounce?

Below is the weekly chart:

ecty_weekly

Did you see the support where the bounce is taking place?

Needless to day, I added more today for the inevitable bounce.

My  2 cents.

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2nd Chance on $ONVO

I’ve been waiting for the inevitable secondary offering to happen on $ONVO and it has finally happened.  This is considered good news to me since price action no longer has this dilution overhang that has been bursting every bubble-rallies in the last two weeks.

I bought a small starter position yesterday with a hard-stop and promptly got stopped out this morning with the gap-down.  However, when price traded down to the $4.50 offering price, I bought back my starter position plus more.  Now, I’m comfortable holding this one as a way to play catch-up with the 3D-printing stocks that I’ve missed back in March.

Why would I buy $ONVO after the dilution news?  Well, I learned my lesson from my $CLDX trade back in the Feb of this year.  I bought a boat load of $CLDX around mid-$7 and then the dilution news came.  I immediately dumped my position for losses.  Guess what?  Not only did $CLDX recover most of the price the same day, it continued onward to the $21+ level which was current price right now.  My problem with this trade was that after I was out, I resolved not to chase the stock due to my belief that the dilution would eventually kill the rally. In hindsight, now I’ve learned that it is not necessary true for every stock.  $CLDX has more potential than the pitfall of dilution.

Anyway, not to repeat the same mistake I’ve made on $CLDX, I bought $ONVO to see if my lesson with $CLDX will pay off.  Of course, risk management still needs to be applied here since this is still considered a highly volatile biotech stock.

Below is the daily chart:

ONVO_daily

Did you see price action is sitting right on the 79 sma and 89 xma?  This give me the confidence to take on this trade at the secondary offer price of $4.50.

My 2 cents.

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Cup and Handle breakout of $LRAD

From the last time I posted on $LRAD, price action has since retraced and later regained its momentum.  With more and more orders from domestic and overseas coming in recently, the $LRAD’s technology is being validated continuously.

$LRAD is now my largest position in my portfolio and I’ve no intention to take profit any time soon.  I see $LRAD is just getting started.

Below is the daily chart showing the breakout:

LRAD_daily

Below is the weekly chart showing that today price action is the breakout of a consolidation of over a year since May of last year.

LRAD_weekly

There are three targets to hit after the breakout:

  • -Target 1 @ $1.78
  • -Target 2 @ $2.12
  • -Target 3 @ $3.36

I like to see them all hit before year-end.

My 2 cents.

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Land grab in California

Who want to own some dirt cheap lands in the sunshine State calls California?

If you didn’t have the mojo to buy them cheap during the 2008-2011 periods, here is a chance to pick some up thru $UCP.

$UCP was recently IPOed a week or so ago and the market cap is only $110 millions at current price of $14.20.  This is what I believe to be below the book value of the lands they own.

Let’s just say that if the book value is based on purchase price of the land in 2008-2011, what do you think these lands is worth right now?

Edit: I’ve forgotten to mention that $UCP received $116.25 million in cash (7.75million x $15) before subtracting IPO cost. Therefore, basically, current market cap for $UCP is eerily closed to their cash value right now WITHOUT their land values being factored in.  Can you spell U N D E R V A L U E?

Since $UCP has only been trading for less than ten days, I can’t present a technical chart to show trend; therefore, I’ve bought this one based on what I believe to be the most undervalued land grab in California.

Below is the daily chart for $UCP:

UCP_daily

Btw, $UCP has an outstanding share of 7.75 million shares; how much of that do you think goes to the float?  This is the stock to buy when no one is aware of it yet…

My 2 cents.

 

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$INO getting ready for the 2nd gate

Last time I posted on $INO, it broke out of the 1st gate with a big bang with super-high volume.  Since then, it took a breather for a week.  Now, it is gunning for the 2nd gate.

Take a look at the weekly chart below:

INO_weekly

The momentum is still strong by the look of it.  Price action is getting close to taking out the high from 2-1/2 years ago.

Below is the monthly chart:

INO_monthly

If the 2nd gate is taking out, the 3rd gate at $3.40 will be the next target.

Fundamentally speaking, $INO has been issuing various positive preclinical test results based on its synergy of using its patented electroporation technology with synthesis DNA vaccine.  The implication of these results, if proven later in Phase II and Phase III trials, is that this disruptive medical technology may render cancer disease to the level of small pox, polio, etc.  In other words, cancer and  deadly influenza may be much easier to cure and control than before.

The next milestone that may either solidify or discredit $INO technology will be the Phase II Cervical dysplasia (cervical intraepithelial neoplasia or CIN) caused by HPV trial result that is expected to release in the 1st quarter of 2014.

If the trial result proves positive, we will indeud be witnessing the ultimate breakout of stock price in the history of the stock market.  Pardon my excitement.  On the other hand, significant loss can result if the trial result proves negative.  At the end of the day, it is the ultimate gambling bet.

Currently, $INO is my 2nd largest position.  I may or may not adjust my position size before the Phase II trial result.

My 2 cents.

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Will charging station displace gas station anytime soon?

Ok, $TSLA woke the world up by selling more EV than others even with a premium price.  On top of that Tesla is also planning on rolling out charging stations for the convenient of Tesla owners.  This is a grand plan for the future.

Whoa!  Not so fast, Tesla!  Not to be left alone, there are companies out there that are in the business of building up the infrastructure of charging station- $ECTY and $CCGI.

Now some of you may think the EV is ahead of our time and we are not ready for it.  Some even go as far as postulating that Tesla will fail at the end due to the high cost of batteries that need to run the car.  For me, I am not looking at Tesla to represent the EV market in the future.  I’m looking at the future of EV in general.  Recently, a friend of mine told me he bought a Nissan Leaf because he was offered a chance to lease the EV as a discount for participating in a government sponsored research program to study EV and its interfacing with the assigned charging stations.  In order to get the discount, he is required to charge his Nissan Leaf at various approved charging stations for a minimum of 15 days in a month.

To me, this sound like a future that we cannot avoid.  It reminds me of the time when we migrated from analog TV to digital TV.  While the conversion of gasoline car to electric vehicle may not be as complete as analog TV to digital TV, I can see a general trend of seeing more EV in the near horizon.  If this is my belief and vision; then I’ve to buy company that is instrumental in building the charging station infrastructure now when price is still low.

I chose $ECTY over $CCGI simply because $ECTY is more capitalized and listed in Nasdaq as opposed to OTC-bulletin board for $CCGI.  Furthermore, $ECTY is in partnership with the US Department of Energy on The EV Project.

Take a look at the weekly chart below for $ECTY:

ecty_weekly

You can see that price action is bouncing off the 89 xma and is heading back up.  In Elliot Wave Theory term, I say that price action is ready to embark on the 3rd wave pattern which is the longest wave in the 5 wave patterns.

For the daily chart below:

ecty_daily

You can see that price action today took out the recent pivot high of $1.62 from two weeks ago.

In summary, in order for this “investment” to be fully rewarding, I may have to add it to the long-term portfolio along side with $LRAD, $INO, and $AMRN.

My 2 cents.

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Can $NCTY restart its game engine once again?

First, I want to thank The Fly for publishing the list of low float stocks for his readers to analyze, investigate, and research.  After looking over the list and analyzing their fundamental, I came upon $NCTY that was looking to shine brightly in the 2nd half of 2013.

Take a look at the weekly chart below:

NCTY_weekly

The first thing I want to see is the possible V-shape correction to the upside simply because last week bar was a bullish green bar with volume higher than the last five weeks.  This tell me that this week can be very bullish if the momentum continues.

Now take a look at the daily chart:

NCTY_daily

Yesterday green bar was a good sign for a bullish week.  Since I only discovered this stock late Monday evening, my plan was to buy $NCTY if price did not drop like a rock in the morning.  It did not.  Thus, I went in and bought a decent size position thanks to the big ask that happened to be available in this small float stock.  The stock god favored me this morning.

Fundamentally speaking, back in mid-2007, $NCTY was riding on a $50 stock price when its game “World of Warcraft” was raking in millions.  After their WoW license expired in 2009 and with the money they made from WoW, they put it all back into new games that took them four years to develop.  Fast forward to 2013, $NCTY is about to launch these games in 2nd half of 2013.  By Jolly, it is about now!  You can find out more information by clicking here.

I see the risk reward on this stock as excellent and that was why I jumped on to this opportunity without hesitation.

The Fly has been offering support to traders of all level for many years by showing us the doors to many opportunities, it is up to us, the traders, to investigate the doors to see which one fits our trading plan.  Thanks to The Fly again for publishing the low float stock list.

My 2 cents.

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Uranium is back!

I believe the election result from Japan last Sunday is the reason for the uranium kick-off today.

Unfortunately, I did not have any $USU on me so I missed the 156% phenomenal increase.  However, there are others that are likely to catch up pretty fast- mainly $DNN.  $URRE has already moved 21% today so I’m not going to chase this one.

Chartwise, $DNN is breaking out of the downtrend line with super high volume.  Thus, I bought $DNN today instead of the others.

DNN_daily

My 2 cents.

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$WG- Breaking out of the gate

With oil ($UCO) being up so much since the beginning of the month, it is a matter of time before oil service company such as $WG breaking out to play catch-up.  Today is the day $WG kicks off the starting gate.

Take a look at the daily chart below, today breaking out of the last week pivot high kicks off the start of wave 3 of the Elliott Wave Theory.  According to the theory of Elliot Wave, wave 3 is normally the longest wave of the 5 waves pattern.  Therefore, I expect today price action will zigzag all the way to previous high of $10.45 or more.

WG_daily

Needless to day, I bought $WG when price action took out last week high.

My 2 cents.

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Can we play 3D catch up with $ONVO?

How many missed the $DDD, $SSYS, $PRLB, $XONE run when we had a chance to buy in mid-March but didn’t?

$ONVO, a biotech 3D, has recently been uplisted to NYSE; therefore, it is no longer an OTC bulletin board stock.  This mean all the big guys (institutional and mutual funds holders) can now buy this stock.

$ONVO has two beta-risks lumped together- biotech and new technology.  If this technology and biotech show any hint of proof of concept to create 3D human organ parts for replacing our diseased organs, this company will leave $DDD, $SSYS, etc in the dust.  On the other hand, be prepared for further dilution from secondary offering when money run out in the future.

I believe the weekly chart below is sufficed to show you the breakout pattern.

ONVO_weekly

I bought some today and added more when price continued higher.

My 2 cents.

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