Market traded lower after open but made a gallant effort to climb back to positive territory to close.

Price is now at the resistance point again. If market takes out today high tomorrow, it will also take out the resistance as well.  Let see if it can do it.

My port was subjected to quite a bit of volatility today due to wide swing in $HYGS.  But what matter is how it is closed by the end of the day. $HYGS closed near the high of today trading range which was a positive sign even though it was down for the day.

As far as the chart is concerned, it is still very bullish in my book.  It is my opinion that the development of business progress and the technical signs in the chart are in perfect harmony with each other at the moment. July 30th earnings update will decide if this harmony continues onward.

$DMRC had a small bounce today despite a negative early start.

If you look carefully on the chart, you will notice that today price bounced off the Fib 61.8% retracement line.  It is possible that price may begin to climb back up from here.

$STV, $KGJI, and $AMRN all bounced nicely today. Unfortunately, $LRAD, being my largest position, did not do well today.  Thus it dragged my port down by 0.5%  despite some bounces and recovery for the day.  YTD losses is now 3.4%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated)

My 2 cents.

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Market was practically neutral for the day.

Although a new high was attempted during the day. If tomorrow remain neutral or better, we will end the week with a solid weekly up bar.

$DMRC bounced well with higher than average volume.

Price is now back above the weekly support line.  With continued strong interest in the Digimarc barcode system by the top retailers in the country, price has a good chance of going up from here.

$HYGS also rallied hard today.

Price is now back on the uptrend line.  When price takes out the $20 resistance line, $HYGS will be moving much higher.

While $DMRC and $HYGS were the only two stocks that went up today, price gains were more than enough to offset the negative closings of the five other stocks.  Hence, my port gained back 1% and YTD losses is now at 2.6%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated)

From my other account:

Since I don’t have any cannabis stocks, I bought some smaller position size of $LRAD, $AMRN, $KGJI, and $DMRC for this account.

My 2 cents.

 

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Market gapped down, traded lower and then spent the rest of the day climbing back up.

While it still closed lower for the day, I’ve to give the bull credit for fighting the bear bad breath to recover a chunk of the losses.

What more can I say?  While four of my stocks were up for the day, they were not enough to offset the continued avalanche of $DMRC.

The only comfort I could see on the weekly chart above is that price is trading to the 89 MA and March 2013 support level.  I’m feeling like a fool holding the bag for now; but let’s see what Wednesday update has to say before I declare myself a bagholder for $DMRC.

The irony of my $DMRC ordeal is that while I traded out of $KNDI correction from $22 to $11.xx by getting out of $18.5x, I put myself back into the same dilemma with $DMRC.  Hindsightwise, it would have been wiser to just hang onto $KNDI thru thick and thin since $KNDI has rallied back in space.  Now, I like to see $DMRC do the same as $KNDI.  We just have to see if retailers are biting the Digimarc barcode system.

To look from a positive angle, I’ve seven stocks in the port, all I need is at least one to hit a knock-out rally and I can still have a good year despite $DMRC “current” correction.

Due to $DMRC steep decline, my port gave back 1.1% today.  YTD losses is now 4.2%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated).

From my other account:

$FITX gave back some gain from last week due to no news from Health Canada.

My 2 cents.

 

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The market bounced back like a spring that didn’t appreciated being pushed down by the hand of the bear.

Up and away it went all day.

With such as strong bounce, all my positions except $KGJI rallied back some.

$DMRC bounced back from support that was March 3rd’s low.

If it bounces from here, then price is trading in the consolidation range until we hear update next Wednesday.

$HYGS found strength in mid-day to rally persistently till closing bell.

From the chart, supports established from beginning of June seems to hold well.  I expect this stock to be nothing but volatile due to the tiny float; thus I’m content to just watch this little “sapling” I’ve planted in my backyard to grow.

Have you ever planted a young tree and then after many years when you “remember” to pay attention, you exclaim, “Mother of tree!  Ain’t you such a giant!”

I believe the timing is ripe for hydrogen fuel cell to make major inroad to the electric vehicle industry.  Check this out:

Cost and availability

Now, check out the California road map on FCEVs.

Not to mention the multiple way to harness the power of hydrogen fuel cell, with power back-up as an important utility.

No, I’m not going to let market volatility steals my shares.  I’m holding on to it thru thick and thin, like I’m doing with $DMRC and $LRAD.

$LRAD bounced some today.

Price is still trading at the upper part of the consolidation range.

$AMRN and $ORBC bounced some while $STV continued to close slightly higher.

Thanks to today gain from six of my seven stocks, my port gained back 1.8%.  YTD loss is now at 3.1%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated)

From my other account:

I added to $FITX and it managed to close near even for the day.

My 2 cents.

 

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Market continued higher but is now trading against the resistance from previous high.

Can it make new high again or will it trade back down?  Stay tune for tomorrow.

Despite higher market, my port continued to get hit by correction. Only $LRAD was able to stay up for the day.

$DMRC is still trading at the support level. 

News was out that $DMRC will release 2nd qtr earning next Wednesday and a conference call is scheduled for the same day as well.  The moment of truth will be my doing or undoing next Wednesday.  Reading between the fine lines on the news:

“…and provide an update on market conditions and execution of strategy”

So there is an “execution of strategy” in motion.  I like the sound of that.  Am I grasping at straw here?  Maybe or maybe not.  Next Wednesday will be judgement day.

$ORBC tried to hit resistance and failed once again.

From the chart, price is still following the uptrend line. Notice the volume was lower today compared to yesterday.

$STV is still trading near the support.

While it was down slightly, I still hold strong conviction on this one.  Perhaps, I need $STV to replace $KNDI as the rising star.  Missing $KNDI recent run is like missing the bus.  There is always another one coming.  It can be one or several of my seven stocks in my port.

Although $HYGS is down today, it is still above the uptrend line.

Let’s see if the uptrend line can be a good support.

Thanks to $LRAD up day, it helped cushion the loss on my port to 0.5%.  YTD losses is now -2.7%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated)

From my other account:

$FITX gave back much of the gain from yesterday.  Oh well,..

My 2 cents.

 

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So we have a minor dip today at the market.

Price closed above the 5 & 15 MA lines which is still bullish.

As for me, my conviction is being tested with a heavy drawdown from $DMRC.

Price traded to the support at $28.5x level.  Let’s see if this support will hold.  Somehow, despite today bloodbath with low volume, I’m not too concerned with the price action.  I’m just going to hold this one until I hear news one way or the other.

Today, I started a new position on $HYGS.  I like the prospect of hydrogen fuel cell being the “ideal” power backup for data center.  This news article, CommScope Partners with Hydrogenics to Provide Indoor Backup Power Solution for Data Centers, is what sold me on the merit of $HYGS.  When you think of data center, what come to your mind?  Does Google, Amazon, Facebook, or IBM ring a bell?

See how the price is trending up?  Pretty soon, I expect price to climb above the 79 & 89 MA lines. Nevertheless, the 79 & 89 MA lines are where the $19.3x wall of resistance is located.  To break out of that resistance,  $HYGS needs to get one of the brand names mentioned above to take up its backup power solution.  $HYGS had recently done a secondary offering in May which explained the drop from $20 in mid-May.  With the secondary out of the way, let’s see if this one can climb back up to former glory by doing business with the big guys. Btw, I sold all my $NMRX position to buy $HYGS.  Since I already have $ORBC, I don’t need $NMRX.  I also scaled down $AMRN to buy more $HYGS.

$STV took a dip after the open but bounced back up nicely.

See the long-tail candlestick bar here?  If price takes out today high tomorrow, we may be on for a good bounce.

$ORBC couldn’t overcome the resistance and fell back down below.

I’m not worried about this one at all.  I’ve strong conviction on this one simply because they just have six brand new satellites up in space with eleven more to go by the end of the year.

Basically, all my positions took in water today which set me back 3%.  YTD loss is now at 2.2%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN and 3% cash.

From my other account:

$FITX was the only stock that went up for me today.

Good thing I added more yesterday.

My 2 cents.

 

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After yesterday recovering bar, I was not surprised that market closed green today.

Price now closed above the 15 MA line. Looking good for a continuing bounce next week.

Today, I juggled my port a bit to make room for two new stocks: $STV and good old $CERS.

After watching the China Digital TV webcast presentation from Deutsche Bank, I’m getting an impression that this could be my next $KNDI.  I’d bought $KNDI from between $5 – $6 and rode it to $18.50 to lock in gain.  Only this time, I see a much stronger business model with a predictable growth factor; unlike $KNDI which is counting on the “potential” acceptance of its EV business model by multiple cities across the China.  I’m sure, in time, $KNDI will flourish; but the question is how long do we have to wait?

In today chart, it confirmed the support of $4.2x is holding by bouncing off yesterday recover bar. Thus, I bought a position with the remaining cash and to add more, I also sold  1/3 of my $AMRN position (at breakeven) to free up cash to buy more $STV.  Let’s see if it will continue the bounce next week.  I’ll be watching the $4.2x support.

I also revisited $CERS and like what I saw on the chart.

While prices were trading below the 79 & 89 MA lines, I like the fact that it had bounced from the support at $3.7x that went back to May of this year.  Looking at the chart, I’ve to admit that the $3.7x support looks pretty solid.

$DMRC had a bounce that stopped the slide for the last four consecutive day.

Since this is a super-low float stock, it didn’t take much for any larger seller to create a landslide; on the other hand, it will be very difficult for the same seller to buy back the shares at this price ’cause any buying in size can easily jack this price back up to $34.xx in no times.  So, I’m not worried about the volatility here.

$ORBC is the star today.

Price took off probably in anticipation of next week SpaceX launching of its satellites.

Thanks to gain from $ORBC and $DMRC, my port gained back 0.7% today with YTD gain at 0.6%.

Current holdings:

LRAD, DMRC, ORBC, STV, KGJI, AMRN, NMRX, CERS (100% invested/speculated).

From my other account:

$FITX chart looked good today.

It showed the floor at $0.4x is holding well.  Now, can we hear about the HC licensing decision please?  I wonder how much longer we have to wait to find out.  Nevertheless, I can’t help admiring the professional and high tech look of the current growing facility that is waiting for approval to grow.  I may consider adding more next week.

My 2 cents.

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Market finally fell a little harder than yesterday.

Nevertheless, support was found from the 15 MA line.

While the DOW reflected a bit more zest in the falling, some of my key positions continued to plummet.

$DMRC took out the 79 & 89 MA lines in one swoop.

While I didn’t like the way price fell off the cliff, I’ve enough conviction to “hang on” for the fundamental story to develop.  Sooner or later, I’ll know if the retailers are going to adopt the DigiMarc barcode system.  And I’ll be there with my full size position to either celebrate the glory of my patience or to write about my lesson learned.  So, today price action is part of the volatility I’ve signed up for when I bought this low float stock to bet on the “inevitable’ evolution of our barcode system.

Next, $AMRN continued to head southside.

To me, that was a normal correction after a full month of uptrend.  Fundamentally speaking, there are a lot more to look forward to.  Still holding.

$ORBC finally gave in to the pressure and sold off as well.

Price bounced somewhat before closing.  I’m not worried about this one.  By mid-July, any news of successful launch of $ORBC’s satellites by SpaceX will send this one back up to $7+ in no time.  At least, that is my take of it.

Both $LRAD and $KGJI also fell slightly but I’m not worried about these two at all.  $NMRX was the only one that closed positive for the day.

Due to the fallen stock price of five of my six positions, my port gave back another 2.3%.  YTD gain is now at 1.3%.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX and 7% cash.

From my other account:

I sold all my cannabis position to cut losses or at breakeven.to reduce risk.

My 2 cents.

 

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The market corrected a bit today.

Looking at the chart, the correction was neither deep nor heavy.  It actually looked like a healthy pull-back.

But the market had it easy.  My port, on the other hand, took a slap on the face.

$LRAD took a fall with relative low volume.

Price found support at the 15 MA line and is still above both 79 & 89 MA lines.  Thus, the bull trend is still intact for the time being.

$DMRC, on the other hand, took out the previous pivot low as well as the 79 MA line.

While I didn’t like the fall today, the volume was also relatively low.  And both the 79 & 89 MA lines are still pointing up.  In the absent of news on retailers, $DMRC will be thrown around a lot by people trading in and out.  Since I’m holding this for long-term, I’ll have to put up with the volatility.  Today fall was actually quite significant.

$AMRN also took a tumble.

Price fell back below the 89 MA line.  Supports are the 15 and the 79 MA lines.  Since I’m holding this one for fundamental reason, I’m going to have to suck up the volatility as well.

$NMRX fall was as bad as $DMRC.

However, volume was below average.  I’m holding this one as well.

$BIOS took an early tumble so I bailed in the morning to cut losses.

I simply did not have enough conviction to hold this one like the others.  However, I’ll be keeping an eye for the bounce.

Out of the seven stocks in my port, only $KGJI was positive and $ORBC was only slightly down.

Needless to day, my port took quite a hit and gave back 3.1% today.  YTD gain is now 3.6%.  Ouch!  Nevertheless, in the overall scheme of long-term perspective, this drawdown is very much part of the deal.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX and 7% cash.

From my other account:

I sold $FITX in the morning to cut losses when I saw price collapsed.  I also sold 50% of $ENRT to reduce risk.

Current holdings: TWD.V, ENRT, MCIG.

My 2 cents.

 

 

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To celebrate July 4th, Dow Jones Industrials broke out of the $17,000 range to make new high.

With $17K resistance taking out, can market continue higher?  I like to think that $200 is where $SPY is heading to from here.

$LRAD took a minor dip with low volume.

As far as I’m concerned, this is still very bullish with price closing at and above all four MA lines.

$DMRC bounced nicely but still fall short of the overhead resistance.

However, I take the bounce day any day any time.  Price also closed above all four MA lines.

Since most trading volumes were low, I’m not going to show charts on all my positions.  Suffice to say that corrections from $LRAD, $AMRN, $KGJI, and  $BIOS offset gain from $DMRC to hold my port down with a 0.2% loss.  YTD gain is now 6.7%.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX, BIOS (100% invested/speculated).

From my other account:

$ENRT bounced some today so I left it alone.

Current holdings:

TWD.V, ENRT, FITX, MCIG.

My 2 cents.

 

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