iBankCoin
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

01-27-2014 Trading Journal

The market was down today but settled right on the major support areas.

SPY_Daily

See how the price closed directly on the blue support line and the 79 & 89 MA lines?  If price bounces from here, there is a good chance we are going back up.

$GALE traded below Friday low and I sold to take my small losses.  Good thing I did ’cause price fell apart after I sold.

Gale_daily

See how price bounces off the support (blue line) near  $4.7x area?  I’m definitely looking to buy back at the low $5 area when cash is free up.

$KNDI continued to correct but somehow I wasn’t worried at all.

KNDI_daily

Price did bounce off the $11 support.  If you look at the chart, price closed only a bit below the consolidation range.  I can see it climbs back into the range tomorrow or later this week.  Still holding long and strong.

$KGJI was the shining star today when everyone else were down.

KGJI_daily

Price actually closed back above the support line which was encouraging.

$ATOS could not continue the rally so I’m going to have to keep an eye on this one.

atos_daily

Price closed right on the 15 MA line.  Since I did not spend too much time on research $ATOS, my conviction is not solid; thus, If price takes out Friday low, I may have to cut and run.

Currently, I’ve three positions that I will not attempt to market-time (aka swing trade); $LRAD, $KNDI, and $KGJI.  I’ve absolutely full conviction on this three stocks for long-term gain so I’m not going to trade these.

Current holdings:

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

Worthy to mention:

$PHOT, against the herd, climbed higher today!

phot_daily

My 2 cents.

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01-24-2014 Trading Journal

Well, the market finally had its big down day for 2014.  It was not really a surprise but it is still too early to call this a trend reversal.

SPY_Daily

Notice how the support (blue line) and the 79 & 89 MA lines are joining together in the 177 $ 178 range.  This areas are a major support and if it is breached, then this is something we’ve to take into consideration regarding the possible trend reversal.  But for now, let’s see if price will bounce next week.

My portfolio was also taking a hit due to the continuing downdraft of $KNDI.  Being my largest position, I’ve to take the heat of any correction that comes with it (for now, they are mostly give back of unrealized gain). Size cuts both way so I’m not going to complain because I know that when the trend resumes, the size will carry the portfolio much higher as well.

KNDI_daily

Notice that price is still trading inside the consolidation range.  Did you also see that the lower range of the consolidation area is also coincide with the 38% fib retracement?  These are major support I’ve to keep any eye on.

Considering the huge down day, I thought $LRAD was holding very well.

LRAD_daily

$LRAD formed a doji bar which could be a possible pause before the bounce back higher.  Price still closed above the 15 MA line.  What I really like to see is that $LRAD takes over from here to carry my portfolio while $KNDI and other positions are going thru their consolidating phases.

$SEED also had a big correction that took back a chunk of my unrealized gain.

seed_daily

Since the decision regarding the two GM seeds has not been announced yet from China, I see this as only a temporary situation. Notice that price is still trading above the 15 MA line support.

$KGJI, like everyone else, also corrected and dipped back down below the support.

KGJI_daily

Again, price also closed above the 15 MA line.  Although it is a bearish engulfment bar, let’s see if price can bounce next week to invalidate the bearish stance.

I bought back $GALE with the free cash to “buy the blood” as the saying goes.

Gale_daily

While price closed below my entry point, price stopped at the 50% fib retracement point.  Let’s see if it can bounce next week.  I bought back in $GALE because of $INSY’s price action.  I was amazed at $INSY ability to bounce back from its previous gap-down ’cause $INSY major revenues stream is their Fentanyl drug for breakthrough pain.  I’m the believer that $GALE’s own Abstral (Fentanyl) will have a positive surprise in their next earning reports.  Thus, I’m willing to buy back $GALE at this level.

The secondary offering of $ATOS offered me an opportunity to initiate position as a steep discount.  I read about $ATOS from The Fly’s post but thought it was too late to buy and I wasn’t going to chase it due to my limit knowledge of this company.  I didn’t spend a lot of time to research ’cause most of my money was tied up at the time.  Now, that I got free cash and price had come back down due to the secondary offering, I was willing to take my chance from this level.  $ATOS has a story ’cause it allows women to perform a preliminary screening on their own before scheduling for a mammogram.  Just imaging a woman finding a very tiny lump on her breast.  The worry begins but not intense enough to call the doctor yet.  “It could be a benign cyst… Let me check it out first with $ATOS product…”  See where I’m going here?

atos_daily

Anyway, I bought at the open when price was trading b/w $2.40 and $2.45.  By looking at the chart, price is still trading above the 15 MA line as well as the 79 line.  This secondary offering reminded me of $GALE, who had a similar reaction after its secondary offering; but $GALE recovered completely from it and headed much higher later on.  Let’s see if $ATOS can do the same.

With the free cash, I also bought back some $CERS I sold last week to buy back $TINY.

CERS_daily

Notice that price is now trading right at the 79 & 89 MA lines support.  Let’s see if it can bounce from here.

I bought back $TINY last week ’cause I do not want to be without this stock in my portfolio.  For some reason, I believe 2014 is the year for $TINY.  Nanotechnology is the future and $TINY has some private investments in this field.  You will never know when one of its investment will get a wake up call overnight; so I want to have a position before that happen (if it happens at all).

TINY_daily

Price is down like all others and yet is is still trading around support at all MA lines.

Currently, I’m back to 100% speculated and my portfolio is now at the mercy of the overall market condition.  It market bounces next week, I’ll be fine; if not, it will be a tough storm ahead for me.

Current holdings:

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

My 2 cents.

A quick note on $PHOT.

phot_daily

Price bounces back from recent correction and so are most of the cannabis stocks.  I believe the trend will continue upward now that the initial profit taking has winded down.

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01-23-2014 Trading Journal

There was no doubt that the market took a tumbling today.  Will it continue tomorrow?  I dunno.  However, a bounce will put a brake to the slide and cushion for next week.  A further slide may trigger panic sellers and start a self-fulfilling prophecy of a downdraft.

Needless to say, I took a bath on $KNDI today.  When price dropped below $13, I was SO tempted to dump my shares as well to lock in profit.  “Remember $LNG!  Remember $CLDX!”  I hollered to my mind which was getting more antsy by the minutes.  And to add more effect, I yelled to myself, “And your timing suck!  Go ahead, sell and you would end up chasing it all the way back above $13!”

It worked!  I did not sell my $KNDI shares and price did close above $13 after the panic drop to $12.60.

However, I did sell 50% of $CERS position to raise cash to buy back $TINY.  For some reason, I do not want to be without this stock.  I can sense something is up with this stock.

Other than that, I just sat tight all day.  Hopefully, some of the 15% of my cash should free up tomorrow from the three days settlement that I can buy back some $GALE and others.

Current holdings:

KNDI, LRAD, SEED, KGJI, CERS, TINY and 15% cash.

diary_photo

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01-22-2014 Trading Journal

Another uneventful day at the market, a slight dip at the DOW with a tiny bump on the SP500.

Not much happening except that I got out of $GALE in the morning when price did not bounce as expected.  There were still too much selling pressure.  Since I bought $GALE yesterday, cash again was tied up in the three day settlement.  Now, I’m sitting on 13% cash that I cannot use until they are release in another day or two.

Meanwhile, upswing on $KNDI and $KGJI saved the day.  My portfolio bounced back up today.

$KGJI finally closed high above the resistance line of $1.85.

KGJI_daily

Now, I like to see it takes out $2.00 soon.

$KNDI’s bounce today put a stop to the downward slide of the last three days.

KNDI_daily

From the look of the daily chart, it sure looks like it will bounce back above the consolidation area soon.

I’m now down to only five positions after clearing out of $GALE, $AMRN, $XONE, $TINY. I’ll looking to buy back $TINY when fund becomes available.

Current holdings:

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

My 2 cents.

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01-21-2014 Trading Journal

Although the DOW was down slightly, The SP500 was up a bit; so I called it a neutral day once again.

Well, FDA gave $AMRN another kick on the butt and once more, $AMRN took a tumbling.  What I don’t understand is why go thru the “delay” just to say no at the end?  Why not just say no on Dec 20th, or Jan 15th?  Funny thing was that I actually pulled out of my speculation on Jan 14th but decided to jump back in on the 15th simply because of strong price action that day.  Needless to day, I sold my shares when price bounced back up to $1.76 area after the open.  What made this time not so bad was that I went back in at $1.64 before the rally to the 15th and made some money before the FDA rejection.  This mean I only gave back the recent gain.  My accumulated losses on $AMRN had not worsen.  I believe I can move on from here.  Adios to $AMRN.

Today I had a bad case of bad timing… after I got out of $AMRN, I decided to jump back on $GALE.  I was surprised there were no sell-off last Friday after Cramer told everyone to ring in their profit.  So, when price opened higher, I bought back some shares.  Then with the free cash from $AMRN, I added more when price dropped a bit below $7.

Bang!

That was the sound of broken dam.. and the water gushed out of the $GALE money reservoir so fast that by the time I checked my portfolio, I was in a state of shock.  Luckily, immediately my mental stop kicked in and I got out pronto to take my losses.  As price continued to tumble down, I had to go away somewhere.  By the time I got back, price had recovered from the low of $5.7x.  Without cash to buy back some, I decided to sell my $GOGO position to do so.  Bad idea!

Anyway, I bought back 70% of $GALE position and gave up the opportunity of making money with $GOGO.  Now, I’m stuck with another three days for the cash to settle from the sales of $GALE from the morning buy.

In summary, my portfolio took a bit of a tumble from three attacks: $AMRN, $KNDI, and $GALE.

Current holdings:

KNDI, LRAD, SEED, CERS, KGJI, GALE and 8% cash.

My 2 cents.

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01-17-2014 Trading Journal with emphasis on $SEED

Market had a mixed signals on Friday with the DOW up 42 points while the SP500 was down slightly.

Meanwhile, I was busy planting $SEED in my portfolio looking for strong growth in 2014.

I first came upon $SEED from a post from the The Fly,  I was intrigued by $SEED immediately when I saw the post.  It was as though $SEED was embedded with an alert signal for my eyes only.   At the time, my portfolio was already fully speculated and was also gaining ground in upward momentum.  Thus, I placed $SEED in my mental watchlist and moved on.

Recently, after taking profit from $GALE and $AMRN, I decided to look at $SEED again and was pleasantly surprised to see $SEED was in the beginning stage of bouncing off the 79 & 89 MA lines.  In other words, I saw the first green bar near the 79 & 89 support lines after five consecutive red bars.  The time couldn’t be more perfect.  I began to build my position on $SEED.

What is so special about $SEED?

Genetically modified (GM) seed is why I like it.

What tickled me the most was the below excerpt from $SEED website (underlined is my own emphasis):

Latest Updates on Corn Seed Biotechnology

GMO Corn Seed – Origin’s genetically modified phytase corn was the first GM corn seed which passed five phases of the GM approval process and received notification of Bio-Safety Certificate. Origin has further incorporated phytase traits into two of its best-selling commercial corn hybrids. Commercialization of these two corn hybrids is pending approval from the Chinese government.”

Based on my limited research, it seemed to me that China has only begun opening the door (cautiously) to genetically modified seeds giving that $SEED is still a microcap company with only $77.30 million in revenues for fiscal year 2013.  Upon further readings, I also found out that China has issues with GM seeds that came from outside China.  This tells me that protectionism is necessary for safety reason when it comes to GM seeds.  This also open my eyes to the possibility of $SEED since GM seeds from Monsanto Company ($MON) does not necessary have an advantage in China.

Recent news such as What Does Ukraine Stand to Gain from Farming Deal with China?” also added to the seriousness that China has on their food supply.

Will $SEED becomes China’s own Monsanto?

This is a speculation that I’m willing to risk some money on.

The way I see it, $SEED needs to show proof that their GM seeds are safe in China’s own safety standard.

We will soon find out when China makes the decision on granting approval to $SEED’s two corn hybrids for commercialization.

In a manner of speaking, the risk in $SEED is no difference from the risk of a biotech company waiting FDA approval on their new drug.

Chartwise, Friday huge volume reflected favorable sentiment and appetite for risk.

seed_daily

Price “may” continue to rally to take out the Jan 7th high of $2.94 in anticipation of possible approval.  On Friday, I added more $SEED by relocating funds from my $TINY position to $SEED.  Currently, $SEED is my third largest position in my portfolio.  I may adjust my position size on $SEED accordingly to my risk assessment in the next few weeks.

Asides from a nice run-up on $SEED on Friday, $LRAD also had a breakout day with higher volume.

LRAD_daily

As you can see on the daily chart above, price finally broke out of the two months long consolidation and closed above this consolidation.  I’m not surprised since I’ve been patiently waiting for this to happen.  I’m seeing a lot of potential in $LRAD’s mass-notification market with their new technology.

While $KNDI is currently the largest position in my portfolio, it won’t take that much for $LRAD to reclaim its top position since the number of shares I’ve in $LRAD eclipses my $KNDI share count.  Any serious rally on $LRAD will easily propel my portfolio to higher ground percentagewise.

Thanks to $SEED and $LRAD, my portfolio continued to head higher despite another correction on $KNDI.

Current holdings:

KNDI, LRAD, SEED, CERS, KGJI, GOGO, AMRN and 5% cash.

My 2 cents.

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01-16-2014 Trading Journal

The market had a small correction today which wasn’t much of a correction.

I didn’t do much today but to watch the roller coaster price action of $KNDI which had a wide dollar swing all day.

KNDI_daily

Notice that price came back down to the top range of the consolidation area.  This may just be a needed minor correction before price takes off from here.  Thus, I’m still holding firm.

I wanted to buy back $GALE but money was still locked up in three days settlement; but giving the after hour dumping of $GALE, it looked like I didn’t miss much.

$CERS and $KGJI corrected some more today so patience is required.

Although $AMRN was down, it did not get dumped which was good.  Many probably believe that a delay is much better than a solid no.  There may still be hope.

$GOGO, $LRAD, $SEED, and $TINY had a positive day but still not enough to counter the negative impact of $KNDI, $CERS, $AMRN and $KGJI; thus, my portfolio had a minor correction today as well.

Current holdings:

KNDI, LRAD, CERS, KGJI, SEED, GOGO, AMRN, TINY and 5% cash.

My 2 cents.

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01-15-2014 Trading Journal

The market has another jolly good day.  Together with yesterday rally, price more than made up for the big down day on Monday.  We may end up with an up week after all.

$XONE opened down but bounce back up from last night after hour low.  Because of this, I was able to move my stop to breakeven instead of getting out with a net loss.  Lo and behold, I got stop out at breakeven which meant I gave back all the unrealized gain.  Oh well, moving on.

Next, $AMRN opened higher and that was very positive to me.  I immediately bought back 50% of my original size to bet on the FDA outcome.

amrn_5m

As you can see on the 5min chart above, price began to climb pretty fast two hours after the open and I began to sell off some $CERS position to raise cash to double down on $AMRN.  Basically, I’m back on the original size risk.

Why would I do that?  Since no one really know why the price went up, I had to assume that someone know something.  This was the same pattern when price dropped big before the bad news on AdCom became a reality.  Alas, price could not hold and fell back down from the high of the day.  To top it off, FDA delayed the decision.

Common sense suggested that FDA was leaning on some compromise with Amarn; otherwise, they would just come out and say no.  They could have said no on Dec 20th.  Nope, they could have said no today.  Nope.  I guess I’ll continue to hold my shares tomorrow.

I also like the way $GOGO spiked up after open so I used the cash made available by sales of $XONE to get into position.  Unfortunately, price could not hold and I was under water not soon after.

gogo_daily

Since price is still trading near the 79 & 89 MA lines on the daily chart, I’ll hold onto my position for the time being.

$SEED continued to head higher after I bought yesterday. I take it as a good sign.

seed_daily

I like the fact that price closed above the 5 MA line.  I also like the healthy volume for the last two days during the bounce.

While $CERS and $XONE brought me down some today; this was nothing compared to upside momentum $KNDI did today.  Late into the day, $KNDI woke up from a long rest and just took off to break out of the consolidation.  It was quite a wild ride.

KNDI_daily

From the look of it, seem like price can continue higher.

Needless to day, $KNDI today brought my portfolio into higher ground once again.

Current holdings:

KNDI, LRAD, CERS, KGJI, GOGO, SEED, AMRN, TINY and 3% cash.

My 2 cents.

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01-14-2014 Trading Journal

It was a nice recovery after yesterday big down day.  The last thing any investor want to see is a follow-thru from yesterday down day; so today is a godsend.

$GALE made new high at the open but it was downhill from there.  Ever since price had jumped from $4 to today high, there had not been a decent correction as of yet and my internal alarm began to advocate caution to lock in profit.

gale_5m

From the 5m chart, after price took out the lower opening range, I began to pay close attention to the price action.  When price tried to reach the lower opening range and failed; that was my cue to take profit.  I still believe in the long-term prospect of $GALE so I’m looking to buy the shares back cheaper if possible.

$AMRN had a crisis of confidence today when price couldn’t hold above $2.20 coming into Jan. 15th FDA decision on SPA reinstatement.  Seeing that price was taking out the low of the last three days, I decided to sell my remaining shares to lock in profit from my $1.6x entry last year.

AMRN_daily

For whatever reason, FDA seemed reluctant to allow $AMRN to expand Vascepa labeling without the Reduce-it trial result.  Can FDA overcome their reluctance to allow reinstatement of the SPA?  Somehow, price action today caused me to have second thought.  Although I lost quite a bit of money speculating in $AMRN from the last two year, I had already recovered my losses from gains of other stocks; thus, I don’t need to push for $AMRN to recover my losses.  This mentality allowed me to sell my shares before tomorrow decision.

I added to $CERS today ’cause price did not fall below yesterday low.

CERS_daily

I believe price will continue to head higher in anticipation of FDA approval of its blood purification system.

$XONE was getting killed today by $SSYS; not only that, $XONE was halt for trading by day close and after hour already reflected even further downdraft.

XONE_daily

Pretty much all the unrealized gain $XONE worked so hard for the last three weeks just vanished in the space of two days.  Perhaps, I need to rethink the idea of $XONE as a long-term hold.  I’m going to see if there is a bounce tomorrow morning; if not, I may just take my small losses (coming from a large unrealized gain) and move on.

After selling out of $GALE and $AMRN to lock in profit, I found another stock that seemed to be calling my name when I glanced over the chart.  I came upon $SEED in one of  The Fly’s post.  I like $SEED for its essential presence in China and the fact that they are specializing in GM seeds as well.  GM as in genetically modified seeds.  Fundamentally speaking, I believe China has no choice but to allow more GM crops to feed its massive population.  GM crops are less susceptible to insects and diseases so that productivity increases during harvest time.  For some reason, I’ve a hint that 2014 may be the year for GM crops; thus my interest in buying $SEED today.

seed_daily

Of course, the green bar today near the 79 $ 89 MA lines also gave me confidence to initiate the position.

Not counting the after hour on $XONE downdraft, my portfolio was actually higher today thanks to $KNDI up day.

Current holdings:

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

My 2 cents.

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01-13-2014 Trading Journal

The market finally had a decent size correction  to kick off 2014.

Fortunately for me, $GALE had another stellar day which more than offset the corrections of the other six stocks.

$GALE continued to head higher after it made an announcement of its acquisition of Mills Pharmaceuticals that would give its the worldwide rights to GALE-401, a patented, controlled release formulation of anagrelide which is used as a treatment for essential thrombocythemia, a rare bone marrow disease.  Not a bad move, first, it acquired the right to Abstral and now GALE-401; both can have revenues stream coming online to support the NeuVax research.

Gale_daily

While the daily chart looks good, I’m still wary of a correction that may come any time.  Let’s see how price hold on to its gain tomorrow.

Next, after seeing $AMRN began to close below the support at $2.19; I began to restructure my risk exposure.  Instead of holding a large number of $AMRN shares, I decided to lock in some profit from my $1.6x entry by exiting 2/3 of my position.  I then bought more Jan $3 call options to make up some of the shares I sold.  This way, if there is a FDA positive result, I can still participate in the gain; but if FDA denies once again, I will lose mostly on the option premium which will be less than if I still hold all my original position size  if price drop back to $1.5 or lower.

$CERS made a nice attempt to reach $8 but only got as far as $7.85 before the market correction brought it back down to earth.

CERS_daily

With the cash from the sales of $AMRN today, I may add more $CERS provides price doesn’t take out today low tomorrow.

$XONE had a strong morning when price took out $70 resistance; but by the end, the general down market dragged down $XONE as well.

XONE_daily

What I like about the $XONE chart is that price is still above the support (blue) line.

$KGJI couldn’t stay above the $1.85 resistance.

KGJI_daily

This one will require a lot of patience on my end. 2014 has just begun so I’ve plenty of time to wait this one out.

$KNDI, $LRAD, and $TINY were all going thru minor fluctuation so I won’t bored you with the charts.

Thanks to $GALE rally today, my portfolio continued to head higher.

Current holdings:

KNDI, LRAD, GALE, CERS, KGJI, XONE, TINY, AMRN and 4% cash.

Regarding $PHOT on my other account:

phot_daily

$PHOT had a nice bounce today.  Let’s see if price can continue to bounce higher tomorrow.

My 2 cents.

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