Market roared higher today and took out all resistances.

See how it climbed back above the uptrend line as well as stayed way above the 79 & 89 MA lines. The bull is BACK!

Meanwhile, with the available cash free-up, instead of buying more $ATOS as originally planned, I bought $HALO instead.  $ATOS went negative in the morning instead of bouncing so I passed.

$HALO, a Baker Brothers’ favorite, was bouncing back above the 79 & 89 MA lines, this was all I needed to see to buy in for the big bounce.

Needless to say, I continued to add to $CERS with the free cash to swing for the fence.

Glad I bought back my full-size position last week for this week gain.  Nevertheless, the rally has only just begun; but first, it needs to take out the resistance at $7.13 which obviously checked the rally today.

$KNDI, $LRAD, and $SEED all corrected a bit today; but thanks to $CERS up move, it stemmed the loss quite  a bit.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, ATOS (fully speculated)

My 2 cents.

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The market was basically neutral today.

On the other hand, I had a good day!

$KNDI gapped higher due to China extending its EV subsidy program past 2015.  This will bold well for $KNDI ’cause the car sharing program can continue to expand with lower cost EV as an incentive.  I believe we are still at the beginning stage of $KNDI upward direction; thus, I’m holding and riding the roller coaster that bends to the upside.

Price broke thru the consolidation range but closed below it.  Let’s see if price can take out the previous high of $15.39 this week.

$CERS, $SEED, $TINY, and $ATOS all bounced today.

If $ATOS continues to bounce tomorrow and I’ve free cash available tomorrow from the settlement lock-up, I’ll add to $ATOS.

What I missed was the $GALE bounced from the low $4.xx.  Price was right at the 79 & 89 MA lines and I completely missed it due to my avoidance.  After the bearish attack from Seeking Alpha bearish article, I made the mistake of walking away completely.  Oh well, moving on.

Thanks to $KNDI today, my portfolio continued to regain the earlier 2014 gain.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, TINY, ATOS and 7% cash.

On my other account…

$FITX was doing great today and $PHOT was not so good.  Good thing I swapped out of $PHOT last week and moved into $FITX.  However, I’ve to be prepared for a volatile sessions on $FITX since it will be awhile before we see any progress on the production facility in Canada.  I’m ready for it.

Look at the beautiful uptrend chart.  Will there be a correction soon or will price continue to head higher?  This is why speculating is so much fun since it requires you to look forward to the next day!

My 2 cents.

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The market pretty much completed the “U” turn maneuver heading back to the upside.

Did you see how it is now back to the 89 MA line?  It is also settled near the Jan 30th high.  Resistance?  If it breaks thru the resistance next week, we are heading back up.

I added to $CERS when price opened higher and continued on higher.  I’m expecting price to climb from here to chase the FDA decision.  If approve, it will be a “WOW”.

See how the price has bounced off the $5.7x support for the third time! with all momentum pointing up, it looks good for a rally from here.  Perhaps this time, it will take out the $8 resistance.

For the same reason of a strong support, I also bought back $ATOS “looking” for the bounce.

See how price actions were hovering around the 79 MA line which happened to be very near the support line (blue).  All momentum indicators below tell me there may be a bounce coming.  Let’s see if it will bounce next week.  $ATOS price action after the secondary announcement reminded me of $GALE price action after its secondary offering.  Take a look at $GALE price chart around the time of secondary offering below:

Inside the yellow shaded area, see how price action meandering around the support area of $1.9x before bouncing back higher?

Because price action of $CREE collapsed after opened higher, I decided to close out my position at breakeven when I could.

Price turned negative in the morning when the SP500 was heading higher; thus, I unloaded $CREE due to lack of strong conviction.

The SeekingAlpha bearish article on $PHOT had me revisited the wisdom of holding $PHOT for long-term without taking profit from time to time. Thus I unloaded $PHOT to lock in nice gain.  $PHOT may or may not collapsed next week due to the bearish article referenced to the low-priced warrants which surely would have an effect on market momentum.  It all depends on what action speculators want to do next.  I’ll prefer to sit on the sideline watching.

I was mainly impressed by $PHOT structuring a deal with CEN Biotech, a subsidiary of $FITX, to produce 1.3 million lbs of legal cannabis annually.  Then I thought about buying $FITX directly but changed my mind due to its being a pinksheet with no filings.  But today, I realized that $PHOT deal with $FITX’s subsidiary ties its future price momentum to the success of CEN Biotech.  If that is the case, why would I worry about $FITX being a pinksheet?  If $FITX’s subsidiary fails in its business, it will surely impact $PHOT as well, filing or no filings.  Thus, I began buying $FITX and build up a position.  I thought it was actually the perfect time to swap out of $PHOT and into $FITX now that $PHOT had the approval to increase the authorized shares to consummate the CEN Biotech deal.  The good news is that $FITX market cap is still very small relative to $PHOT; so at 0.09 cents, it can go much higher with good news.  On the other hand, if CEN Biotech fails to procure the final approval from the Canadian gov’t, it will collapsed further than $PHOT in term of percentage size.  Thus, this $FITX is not without huge risk; nevertheless, I only used some of the gain from the $PHOT to speculate on this one.

$FITX closed strong today and I expected it to go much higher from here due to the $PHOT’s deal with CEN Biotech being finalized soon.

$KNDI continued to bounce and closed above $13 resistance.

Let’s see if it can take out the previous high in the following weeks.

$LRAD bounced and closed a bit above the consolidation range which was good.

Now, we just need a few good new order announcement to keep the price above $2 and higher.

Thanks to $KNDI and $LRAD, my portfolio continued to recover 2014 earlier gain.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, TINY, ATOS and 7% cash.

My 2 cents.

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Yesterday neutral price action at the market pretty much set up for today big bounce.

As the support line and 50% fib retracement joined together, the odd of bouncing was good.

It was unfortunate for me that sellers hit $LRAD after earning announcement yesterday.  As a result, my portfolio took a step back; but with today bounce, $KNDI saved the day by taking the port back up a bit.  Despite the sell-off, I still hold a conviction on $LRAD and will continue to hold this one for the long haul.

To reduce my risk yesterday, I unloaded most of my semi-conviction stocks such as $AMRN, $ATOS, $INO, $FULL, and $GOGO to raise cash.  Since I’ll be holding $KNDI, $LRAD, $KGJI for the long haul, I needed to unload more of the others to balance my risk.

With today bounce, I added back more $CERS to bring it back to full size position.  As the year progresses, we will soon find out if $CERS’s blood cleaning system will pass the FDA iron-gate.

I also added back more of the $SEED I sold earlier to bring it back to full-size.

$CREE looked good on the chart for a strong bounce so I bought a decent size position.

The bounce on the chart looked solid.  Let’s see if tomorrow will take this further up or bring it back down and below.

$KNDI had a strong bounce and it took price all the way back into the middle of the consolidation range.

It was day like this that I gave up timing $KNDI.  Since I want to hold this for long haul, there is no point trying to swing trade it ’cause the chance of missing a run is always there when you are not careful.  Just take a look at the $YELP chart today,

You see how after a strong gap up at the open, price continued to rally strong upward all day.  This is why I don’t swing trade $KNDI anymore.  I look forward to seeing $KNDI price action moves the way $YELP moved today.

Current holdings:

KNDI, LRAD, SEED, KGJI, CERS, CREE, TINY and 6% cash.

Notice that because of the $LRAD falling price, $KNDI is now back to being the largest position in my port.

My 2 cents.

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As luck would have it, the support (blue line) and the 50% retracement worked flawlessly today.

See how price bounced right off the 50% retracement?  Not bad, eh?  Now,let’s see if this bounce has leg…

The only action I took today was to buy $FULL.  I found out the day before that this is one of the very few Nasdaq listed stocks that deals with the legalized cannabis industry.   Knowing that this coming tsunami of demand as more States opt for legalized recreational cannabis to capture the taxes revenues, any company that associates itself with legalized cannabis is going to do very well as long as the management teams are top notch.

Therefore, I bought $FULL in my main account just so I’ve some cannabis related stock on board.  Unfortunately, price could not hold the gain and fell back to even for the day.  While I like to hold this one long term, I’ll be mindful of the price action to protect myself.

$LRAD and $KNDI, two of my biggest positions, were bouncing nicely today. This effectively helped my portfolio recovered somewhat from yesterday draw-down.

I”m glad to see $AMRN and $GOGO rallied in good form today as well.

Forgot to mention yesterday that I was very lucky to have gotten out of $GALE last Friday to reduce risk.  Yesterday drop was a massacre.  I’m going to sit on the sideline on this one so as not to give back any profit I made before.

Current holdings:

LRAD, KNDI, KGJI, SEED, FULL, AMRN, ATOS, TINY, CERS, GOGO, INO (fully speculated).

One more thing, $PHOT was doing Fantastic today!

I believe that once the shareholder meeting is over and the vote for increased authorized shares is approved, price will make new high next week.

My 2 cents.

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Oop, in just about two weeks plus some, the market gave back all the gain made in the last three months.

But  I think we’ve found support.  See how price is now right at the Fib 50% retracement as well as the support from mid-Sept of last year.  So far, after hour SP is bouncing, let’s see if the bounce can continue tomorrow.

In the morning, sensing that the market was not well, I needed to unload some position to raise cash so I could buy the blood later.  I started to sell some more $SEED and some $CERS.

Later in the day when $SEED started to bounce from the low of $1.81, I bought some back at $1.85.

I’ve been eyeing $INO and was waiting for it to drop like everyone else so i could buy some cheaper; but price was holding very well at the $1.45 and would not go below that.  Finally, I gave in and bought some under $2.50.

I was also looking to buy back some $ATOS and when price hit the 79 MA line, I began to hit the buy button.

Despite the down day, price is till trading in the supporting range established in the last two months.

Another blood I wanted to buy was $GOGO.  When price hit the support line (blue line), price was right around the fib 61.8% retracement zone.

Needless to say, I bought some looking for a bounce.  I believe its coming earning report will beat expectation.

While I was able to buy some bloods today, my long-term hold positions were getting hit.  LRAD and KNDI both took my portfolio down quite a bit.  But the good news is that I’m still a bit over breakeven for the year.  In other words, my port had not turned negative yet; but I’ll be at the mercy of the market tomorrow.

Current holdings:

LRAD, KNDI, KGJI, SEED, AMRN, ATOS, TINY, CERS, GOGO, INO and 7% cash.

Despite a big down day today, the shining light is my $PHOT position in my other port.

Price had broken out of the resistance of $.32 and closed higher.

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The market was down again, up and down, up and down like a yoyo; however, it was bouncing around the support (blue line) which was a good sign for now.

While the DOW closed below the recent low (two days ago), the SP500 actually closed above the recent low.  Let’s see if price can bounce off the support coming week.

With market down, I sold $XONE to take small losses and reduced risk.  Seeing $GALE was struggling in the morning, I also sold to reduce exposure in the down market. While I was selling, I also reduced my position on $SEED which was over-weighted in my portfolio.

While witnessing the downturn of the market, I was quite impressed with how $AMRN was holding its price range in the $1.7x area.  I was expecting it to collapse below $1.60 with the FDA rejecting the appeal to reinstate SPA for label expansion of Vascepa.  Seeing price was holding strong, I decided to buy back in with some position to see where it will go.

While $KNDI opened badly, price was able to bounce back to recover before close.

Look like price closed a bit more inside the consolidation range.

$LRAD was able to hold its gain from Thursday up day which contributed mainly to my portfolio in not giving back too much gain from Thursday recovery..

Current holdings:

LRAD, KNDI, KGJI, SEED, CERS, AMRN, TINY and 12% cash.

$PHOT had an up day and next week will be critical since shareholder meeting to approve the new authorized shares will be happen by the end of the week.

Can price breakout from the resistance of  $0.32 and rally higher or will be fall back from resistance?  We will find out soon.

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Finally, the market had a nice bounce.

Notice that price closed above the 79 & 89 MA lines. This looks good for further rally.

I’d a good day ’cause $LRAD had a nice rally.

See how price had moved solidly upward and away from the consolidation range?  It just needs a few more deals to see $3 soon.

$KNDI also bounced but not as strong as $LRAD.

However, I’ll take any rally that moved it away from the bottom of the consolidation range.

Basically with the exception of $SEED and $KGJI, $GALE, $CERS, $XONE, and $TINY all bounced today.  This effectively bumped my portfolio back up nicely.

Giving $LRAD strong rally today, $KNDI needs to get back to above $14 to catch up with $LRAD in term of dollar size.

Current holdings:

LRAD, KNDI, SEED, KGJI, GALE, CERS, XONE, TINY (fully speculated)

My 2 cents.

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Market surprised with another down day; however, while the DOW dropped a big one, the SP500 seemed smaller.

Looking at the daily chart, price is still “within” the support area (blue line).  Yes, I moved the blue line a bit lower but it is still within the area of support.  Now, it looks like we may bounce tomorrow.

$KNDI gave back some after a strong morning but that was not too bad.

Price is still near the bottom range of the consolidation period.  Nope, I’m not worried at all and is still holding long and strong.

I bought back $GALE and $XONE this morning with the free cash made available today.

While I was slightly under water with $GALE, the daily chart looks good though.  There is a higher low today and I’m expecting a bounce later this week.

$XONE didn’t look too bad either.

However, I like to see the low of two days ago to hold as strong support.

$KGJI, $CERS, $TINY all corrected some but I didn’t find them alarming enough to put up a chart.

$SEED had a nice bounce nevertheless.

Today drop only took my portfolio down slightly; not too bad at all.

Current holdings:

LRAD, KNDI, SEED, KGJI, GALE, CERS, XONE, TINY (fully speculated).

Oh, regarding $PHOT.  Today news from $PHOT “GrowLife and CEN Biotech Announce Collaboration on the World’s Largest and Most Advanced Legal Cannabis Production Facility” definitely solidify my resolve to hold this one for the long-haul.

“This production facility is expected to have the capacity to produce up to 1.3 million pounds of dried medical marijuana annually, and the total may include capacity that is set aside for import and export.”

Holy Bejeezus!!! 1.3 million pounds of LEGAL marijuana!  Who would have thought of something like this today???

Although the deal has yet to be finalized and proper legal approval and permissions have to be procured in Canada, I can’t see a better cannabis company to invest with this kind of mega-potential!  Pardon my excitement here.  If price dips from here, I will be looking to add more.

My 2 cents.

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Market had a bounce today!

See how the green bar today closed above the 79 & 89 MA lines with the blue support line right below the 89 MA line?   Giving the after hour SP500 is currently up 9.70 points, we are looking good for a continuing rally from here.

Well guess what… most of my positions were bouncing up today as well.

$LRAD landed a $4 million deal that helped price rally up today.

As you can see on the daily chart above, price closed solidly above the consolidation range.  Let’s see if it can take off from here.  All we need is a few more million dollars deal with other countries and $LRAD is on its way to $3 buck.  Btw, due to my large position in $LRAD in term of shares volume, today price action has brought $LRAD back to the top in my portfolio in term of dollar size.  $KNDI, due to its recent correction, is now back to second place.

$KNDI also bounced back inside the consolidation range which was what I was expecting.

I like to see price climbs back up to the upper range of the consolidation range and takes off from there.  If there is any news regarding another big city coming on board with $KNDI car sharing program, price will take out the recent high in a NY minute.

$SEED and $CERS bounced some as well while $KGJI and $TINY were neutral.

It was really too bad I didn’t get cash released today ’cause I would have jumped right back into $GALE at the open.  I considered today a waste of an opportunity.  Oh well…

Overall, my portfolio had a nice bounce today.

Current holdings:

LRAD, KNDI, SEED, KGJI, CERS, TINY and 13% cash.

My 2 cents.

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