Why do I get a feeling that today is a groundhog day?  The SPY and $KNDI were doing almost the same thing as yesterday.

As the daily chart reflected, $SPY did another yesterday with a neutral day.

Now look at $KNDI.

Another long-tail doji that mimicked yesterday bar. Again, the chart is still bullish.  Perhaps, third time is a charm tomorrow?

$CERS, of course, collapsed after open.

I pretty much sold all my shares not long after open while I still had a small profit to lock in.  But I gave back a huge chunk of unrealized gain.  I sold ’cause I didn’t want to deal with the after-shock of the collapse.  Based on the earning transcript, look like we won’t hear from FDA until the 2nd half of this year.  That is another four months to go.  Thus, I’m going to move on to something else in the meantime.

With the available cash from sales of $CERS, I added to $MZOR, bought $SVA, $ATOS, and $APRI.

I bought $ATOS looking for the bounce;

and $APRI looking for a breakout against resistance.

.

Both fell backward before close.  Let’s see how they go tomorrow.

Because $KNDI fell back down to neutral zone after a strong morning rally, my port was pushed back one step by the fall of $CERS.

Small rallies from $KNDI, $SEED, $MZOR, and $KGJI helped cushioned the $CERS loss a bit.

I almost forgot, I sold $HALO ’cause price broke below yesterday low.  Since $HALO is another Baker Brother’s pick ($CERS too), I felt that the fall of $CERS may eventually affect $HALO as well.  This logic didn’t make sense but I went along with it anyway.

Current holdings:

KNDI, LRAD, SEED, MZOR, KGJI, SVA, APRI, ATOS and 4% cash.

From my other account:

I added some more $FITX to round up my position size.  I’m done buying.  Now I’ll just wait and see.

As you can see on the chart, $FITX closed near the support.   Let’s see if this can bounce tomorrow.

My 2 cents.

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The market reached out to the resistance level but dropped back down to close almost at neutral.

However, by looking at the daily chart above, price is still within the upper range of the consolidation area; therefore, for all intent and purpose, the bias is till on the upside.

Meanwhile, my port also had a minor correction mainly due to $KNDI and $SEED,  Bounces from $MZOR, $HALO, and $CERS helped reduced the correction to a minimum.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, MZOR, HALO (fully speculated).

From the other account:

$FITX was holding its ground for the weekend open house.  Based on what I read so far, seemed like the meeting went well.  Pictures of the planned building(s) looked good and promising.  There may be a gapped up tomorrow.  If not, I’ll be adding more to take advantage of the inert moment.

From the daily chart above, it is possible that tomorrow price action will take out the resistance of $0.1149 easily.

My 2 cents.

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Market was basically neutral today.   It did not go anywhere except to pause.  Pause is good.  Like any moving bio-mind, it needs to take a pause to rest.  Yes, the market is a bio-mind since it is made up of millions of mind.

My port(s), on the other hand, were having a Great Day!

First thing first, I sold all of $APRI (for non-performance) and bought $MZOR.  I like to see $MZOR as the next $ISRG.  I may hold this one for long-term and make it part of the $LRAD, $KNDI, $KGJI team.

The weekly chart above pretty much showed a strong upward trend.  I don’t think it will retrace that much from here; thus my buying $MZOR today just to get on board. .

$KNDI had a strong and healthy gain today.

Notice that price is now bouncing off the 5 MA line which was a good sign.

$CERS continued onward without giving back gain for the last two weeks.

Notice how price marched upward since early February without giving back gain.  This is a strong stock ready to pop on good news.

$LRAD also moved higher today.

I’m not crazy about the doji bar today but it may not mean a top yet.  Confirmation is needed before today doji bar is considered a temporary top.

Today, my top three positions, $KNDI, $LRAD, $CERS all carried my port another notch higher despite some minor corrections on others.  I’m especially disappointed with $TINY performance today.  I’ll need to re-evaluate this position tomorrow.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, MZOR (full speculated).

Now, to my other account…

What’s a Fantastic day for me!

I bought $XTRM after researching this stock over the long weekend.

As luck would have it, news from AccessWire brought awareness to this stock and the momentum could not be stopped.  The main reason I like this stock is because of the industrial hemp (more so than the medical cannabis) which is being legalized in the Federal level by Obama signing off the $1 trillion Farm Bill.   The other main attraction of $XTRM is its low float status ($55.92 million) for a pennystock and its being a super micro-cap ($8.15 million) as of today close. Correction: $XTRM actually has about 717 million shares outstanding.

Granted that this company is a newby coming out of nowhere and thus carries the stigma of being a possible pie-in-the-sky stock.  However, the alluring part is $XTRM purchase of 40,000 acres of land in California that will allow it to grow the industrial hemp as well as medical cannabis (I believe $XTRM will have to wait until the Federal law legalizes cannabis first; otherwise, it will be too risky to operate when cannabis is still included in Federal Schedule 1 dangerous drug list.)

For a micro-cap stock like $XTRM, I believe the industrial hemp business alone will pop this one up big time.

Look at the daily chart above.  Even though I bought it at a higher open, I still ended with a 50%+ increase on my position. Wow!

$FITX news today is nothing new to me since I already figured this one out when they announced the production facility that can produce 1.3 million lbs annually.  That was the reason I kept buying when it was correcting last week.

I like to see price takes out the resistance at $0.1149 established last week.  $FITX offered an open house next Saturday which I thought was a good idea.  This should put any doubting Thomas to bed as to rather this production facility is a real deal or not.  I already know (or believe) that this is a real deal just by looking at the Canadian news regarding Lakeshore with picture of the Mayor with the Cen Biotech team.

Since I bought a boat load of $XTRM in the morning, my port was up 18% by day-end.  Although this port is about 1/10 the size of the main account (see above); I’ve a feeling that if these two cannabis stocks can really take off, this port may even eclipse the main account in a year or two in term of dollar amount.  The race is on!

My 2 cents.

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The market continued to rally and is now coming near the previous high established in early January.  This could be a resistance to watch out for.

If price takes out this resistance, the bull trend is still on (the blue line near the $185.00.  Where price will go after seeing $185.00 will determine which direction market will go b/w now and March (up, down, or consolidation).

$LRAD took home the bacon today by bouncing nicely.

Notice how price had gone ahead and away from the consolidation range.  It looks like some motivated sellers had completed their task after earning announcement and buyers are coming back   Let’s see if price can take out the previous high of $2.24.

$CERS also continued to move up without giving back gain.

Price could become resilient against downdraft as the timetable comes near the FDA decision in early 2014. I am holding this one thru the FDA decision ’cause I’ve strong conviction on this stock.  Please remember I had the same conviction on $AMRN and that didn’t do me any good.  On the other hand, conviction has nothing to do with being right or wrong; it has everything to do with your ability to “take the risk” for a potential reward.

Most of the other positions were either neutral or going thru minor corrections; but because of the gain from $LRAD and $CERS, my port continued to advance further to recover most of my early 2014 gain.

Current holdings:

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

From my other account:

$FITX, unfortunately, did not advance together with its peer on the positive news that the Fed is allowing some leeway for the banking system to work with legalized marijuana businesses.  I noticed there were quite a few bashers trying to create doubt regarding the prospect of $FITX getting approval for the Canadian production facility.  Mark my words, $FITX is a HIGHLY speculative stock that can either bring you a lot of money or take away your speculative investment.  At this point, with limited information such as SEC filings and period of uncertainty from having to wait for the build-out of the production facility as well as the final approval from the Canadian Gov’t to give Cen Biotech the go-ahead to start production, the next few months will be a volatile time to hold this stock.  I’m still not done buying with the gain I made from $PHOT.  I may continue to buy if price continue to dip with gain from $PHOT.  Thus, if $FITX does not fulfill its plan to complete the construction and getting necessary permit, I will only give back my gain from $PHOT.

In summary, at this point, my ability to hold $FITX is based on “faith” that $FITX is a real deal and that the marijuana market has only just begun their ascent to the legitimate businesses with huge opportunity to make money from the ground floor.

Back to the daily chart:

Price is now hovering around the congruence of several technical supports: support from the last three trading days (blue line), Fib 23.6% retracement from historically low to recent high, and 38.2% retracement from recent low to recent high.  Does that mean this congruence will hold?  Nope.  It only means there is a possibility buyers will be there to buy the stock when price reach that level.  But that doesn’t tell you how many sellers are waiting to sell.  The battle b/w the bull and the bear continues.

My 2 cents.

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