Finally, a pause!

Market decided to sit down and enjoy the scenery at the top.

This time, five out of six are positive.

$LRAD bounced as expected.

This was a very nice close on a Friday. The solid green engulfed the yesterday solid red. It may continue the bounce next week and possibly blow pass the $1.36 resistance.

$HYGS once again defied gravity and bounced back by the close to positive territory.

As the chart shows, price is now back on top of support.

$AMRN also made a nice comeback after taking out yesterday low to touch on the support line at $1.75 areas.

Price immediately bounced back up to close positive.  This is very bullish for next week.

$DMRC bounced today and this saved the day for the chart.

Price almost get back on top of the mini-uptrend.  Let’s see if this can happen next week.

Both $ORBC and $CPST were trading in the consolidation range with nothing much to show for the day.

Giving five positive closings, my port gained back 1.7% today.  YTD gain is now at 12.6%.

Current holdings:

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

From my other account:

As predicted, $LRAD closed back above $3. My position is in good shape.

My 2 cents.

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Market, like a newly minted wonderboy, simply walked past the resistance as if it was nothing to be bothered with.

$SPY closed at new high. Let’s see if this wonderboy can continue to walk up the hill.

Well, today is the day my port take a pause and go thru the “correction” phase after hectic days of moving up in a fast-paced speed.

$STV started the correction with a less than stellar performance.  My expectation was dashed when the revenues were less than same quarter.last year.  I was expecting some add’l revenues from the new “cloud” members but that hasn’t even begun yet.  Oh well, while not hitting the ball with $STV, I was spared by the fact that price did not gapped down 50 cents or more at the open.  It gapped down moderately and I took the opportunity to get out when the momentum after the open was to bounce some.  Thus, I was selling into the bouncing price instead of a falling price.  Whew!  I cut my losses nicely by executing my exit plan without hesitation.

With the proceed from the sales of $STV, I added some more $AMRN, $HYGS, and $ORBC to round up my investment size.

$LRAD finally took a tumble after eight day of going straight up (ok, with one day in the red three trading days back).

While it has a bearish engulfment candlestick pattern, it still needs to be confirmed by taking out the low of today bar.  I’ll be looking to buy some $LRAD for trading with my other account.

$HYGS continued to correct.

Price is now settling at the support line.  Let’s see if it can bounce from here.  I added some more around this support area.

$AMRN also dropped a bit.

But chart still looks bullish.

$DMRC and $ORBC are still struggling at the bottom of the trend.  I still have strong conviction on both to continue to hold.

Due to all five stocks being down plus the losses I’d to take for $STV, my port gave back 4.8% today.  YTD gain is now at 12.5%.

Current holdings: (and then there are five…)

LRAD, HYGS, DMRC, AMRN, ORBC and 5% cash.

My 2 cents.

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Market is approaching previous high which is going to be quite a resistance.

Can price breakout to the upside and make new high?

Today, five of my six stocks were down but $LRAD still managed to carry the port to the upside by continuing to advance.

Price came close to previous high of $3.36 and then back down.  Regardless, price still close a respectable 7.26% on the upside.  After hour price is up so maybe tomorrow it will break out of the resistance.

While $HYGS was down today, the chart still looks bullish.

See how price settled at the 15 MA line. I like to see price bounce tomorrow; otherwise, there may be more correction in the wind.

Like $HYGS, $DMRC closed lower but also settled near the mini-uptrend line.

Again, will like to see price bounce tomorrow.

$AMRN, although down slightly, still exhibits a bullish trend.

Price is still trading above the 5 MA line.

$STV earnings came out and it didn’t excel as I’d hope.  Price may sell off tomorrow and I may consider cutting losses.

Thanks to $LRAD once again, my port still managed to gain 1.3% despite five down stocks.  YTD gain is now at 17.3%.

Current holdings:

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

My 2 cents.

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It is inevitable that the market will try to correct after so many up days.

The $SPY started the day higher but then succumbed to profit-taking.  However, by closing bell, market recovered to close at breakeven.  It was quite an impressive feat considered how long the tail was on today candlestick bar on the chart.

Nothing go straight up; thus I expected correction to my recent fast-tracked increase of my port.

$LRAD gave back 5.5% after five days of higher prices which wasn’t so bad considering.

Price is now settled at the upper-trendline of the Andrew’s pitchfok pattern.  News of new order from US Coast Guard or the Middle East mass notification city installation will propel the price to higher ground.  So, this is going to be one heck of a wild run here.

$HYGS gave back a slight 1.6% which wasn’t so bad.

Price is still above the 5 MA line and the chart looks bullish.

Although $DMRC closed down, I like what I saw on the chart.

I like the way price bounced back up from the low before closing.  The odd of a bounce from here.looks good.

$STV attempted to breakout of its recent consolidation but failed at the end.

However, the real deal is next Tuesday when earnings is reported.  It is my belief that their numbers will surprise us to the upside.

$AMRN was holding its ground.

The chart showed a normal pause after a big one day increase.  I believe more good news will come to Amarin.  A buy-out or a FDA favorable decision, take your pick.  Or should I say roll your dice?  Like a blackjack counter, I counted a lot of high cards in the shoe, so my odd of winning the hand is high.  So let’s see how my cards play out by mid-Sep which is when the FDA may announce their decision.

Due to corrections from $LRAD, my port gave back 2.9%.  YTD gain is now  at 11.1%.

Current holdings:

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

My 2 cents.

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The market rallied back up inside the previous consolidation range.

It is looking good from here.

Today, three of my six stocks staged strong rally of over 6% with $AMRN leading at 11.5%, $LRAD at 8.3%, and $HYGS at 6.7%.   In term of dollar gain, $LRAD lead with $HYGS second, and $AMRN third simply because $LRAD is my largest position with $HYGS being the 2nd largest.

$AMRN, for some reason, was rallying hard with no news.  Maybe somebody knows something…

Price broke out of resistances that went back from May to July.  This is very positive for the bull.

$LRAD went over the upper bar of the Andrew’s Pitchfork which was a very powerful move.

Next resistance is the Aug 2011 high at $3.36.  The above is the weekly chart.

$HYGS broke out of its recent mini-consolidation range.

Price looks good to move on to $28+.

These three positions helped my port gained an astounding 5.5% in one day. YTD gain is now at 14%.

Current holdings:

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

My 2 cents.

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Market correctly softly today.

From the look of it, it seems harmless.  Price is still above the 79 & 89 MA lines.

Today, three of my stocks were up against three down.  Unfortunately, two of the down stocks are my top three largest positions.

$HYGS finally corrected.

I would consider it’s a healthy correction.  I’m continuing to hold for fundamental reason.

$DMRC gave back gain from yesterday plus some.

Still I’m not faded by the fallout for I’ve faith that fundamental will rule out in the end.

$ORBC continued to bounce.

I also believe that fundamental will win at the end when the seven new satellites are put into active use.

$LRAD continued to surge ahead.

Resistance is still the previous high of $2.48.  Price may or may not correct from profit-taking over here; but I’m holding my shares regardless.

Due to the large drawdown from $DMRC and $HYGS but was cushioned by gain from $LRAD, my port gave back 1.7%.  YTD gain is now 5%.

Current holdings:

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

From my other account:

I sold $INFN in the morning to cut losses.

My 2 cents.

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Finally, the market bounced nicely.

See how the price closed above the 79 & 89 MA lines?  The chart looks good for a continuing bounce.

Today my port made a nice comeback.

$LRAD opened high and proceeded to reach the after hour of $2.46 high with high volume.  But, as expected, profit-taking came in and dropped the price back down to a respectable 15% increase for the day.

From the weekly chart above, price closed at the previous resistance at $2.24 which was the high back at early February. If the general market continue to bounce next week, I don’t see why $LRAD will not follow with higher price.  Any news on deals mentioned on the earnings conference call will cause price to spike up.  I expect it to break out of previous high of $3.36 established in the week of August 1st, 2011.

Per the Q3 earnings conference call, there are numerous potential sizable deals on the tables that may become revenue in Q4 and beyond.  Any news on any successful deal will take price to the next level.  The larger the sales amount in the deal, the higher the price will go. Still holding long and strong.

Due to delay of FDA decision to mid-September, $AMRN did not jump. In fact, $AMRN traded down but recovered near the close.

I like the way $AMRN closed on the chart.  A long tail with close at the 89 MA line.  I can see a bounce coming here.

Although $HYGS was the only stock in my port that was down, the chart still looks strong.

See how price closed above the 5 MA line.

$ORBC closed strong with a bullish engulfment bar today.

I can see price bounce from here to $7 and beyond.

$DMRC and $STV continued to hold steady and leaned toward bouncing higher.

Thanks to the spectacular rally from $LRAD, my port was up 3.9% for the day with YTD gain now at 3.3%.

I’ve a good feeling that I may end the year strong provided there is no large market correction to intervene.

Current holdings:

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

From my other account:

I added more $INFN.

The daily chart above tells me that the probability of a break out is still above 50%.

My 2 cents.

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It was quite disheartening to see price collapsed after the market was enjoying being on a positive side during the morning times.

Seeing that after hour SP500 was down ten points, it didn’t look good for tomorrow either.  Let’s see if $SPY can find support at the $189 – $190 area.

I was fortunate to see that four out of six stocks in my ports closed higher.

$HYGS continued to surge ahead.

The current upstream is very strong.

After listening to the earnings conference calls on both $LRAD and $AMRN, I’m very excited about their future prospect.  $LRAD after hour was an impressive 26% jump.  But then the true gauge will be after tomorrow open.  Giving the many new deals that are on the table, I can see this one going over $3 soon.  However, the general down market may try to drag everyone down tomorrow.  Maybe $LRAD can ignore the bearish market sentiment.

In $AMRN case, the FDA decision is now delayed till mid-September,  Meanwhile, earnings was quite decent.  I anticipate a slow climb up from here.

Thanks to $LRAD, $HYGS, and $DMRC, my port gained 1.1% today.  YTD losses is now narrowed down to 0.6%.

Current holdings:

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

From my other account:

$INFN did well in the morning but succumbed to bear market pressure and closed lower for the day.  The more I researched $INFN, the more I like it.  I’m going to give this one a bit more time to breath.  But after hour bearish SP500 makes me think that $INFN will open down.  I may not hold for long since this is my trading account and not the “hold for fundamental development” account.

My 2 cents.

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Well, the market did bounce.  This further proves that a doji on support equal to a propensity to bounce.

However, volume was half of the last two trading days; thus, this bounce has yet to be proven to hold water.

Today, four out of six of my stocks went up today.

$STV and $AMRN both had some good bounce that might have further legs to run.

Both $STV and $AMRN look like they may break out of the overhead resistance soon.

$HYGS took out recent high but gave back much again.

But it still closed a bit higher.  Price looks like it is getting ready to run again.

$DMRC, while down again, looks like it may find the bottom here.

Overall, thanks to $HYGS, $STV, $MARN, and $LRAD, my port gained back 1.1% today.  YTD losses is now 3%.

Current holdings:

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

My 2 cents.

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The market took another tumble albeit a relatively small one compared to yesterday.

Looking at the chart, you can see for formation of a doji bar right on the 79 & 89 MA lines.  In a normal circumstance, a doji at any support or resistance has a better than 50% chance of reversing from current momentum.  Without resistance or support nearby the doji, it is more of a pause of existing trend.  Notice I stated “better than 50%”; not necessary in the high percentile of 70% and up.  However, if I’m a betting man, I’ll bet it is going to bounce next week.

While I got away yesterday from bigger losses, market found a way to hand it back to me today.

First, I sold my whole lot of $KGJI simply ’cause I was annoyed by the withdrawal of the cash dividend that was posted to my account.  Since I used the cash dividend to add more $AMRN, the withdrawal put me in a deficit cash situation (remember, I’m 100% invested in a non-margin account) and I received a debit call from my broker this morning.  I’ve never experienced a retraction of cash dividend ever after being posted to my account by any company.  This retraction was a red flag no matter how you spin it.  Waiting for approval from provincial government?  What if the provincial government denies approval?  Does that mean, “Sorry folks, we tried to give you dividend, but the big boss says no.” 

Anyway, to relieve my cash deficit, I sold some $KGJI to balance it back.  Then before I knew it, I sold the whole lot ’cause I just didn’t like the red flag that was handed to me in a silver platter.  With the add’l cash, I added more $HYGS.  Yes, I am a big believer in the emergent relevancy of fuel cell technology.

The irony of the day is that $HYGS is the only stock in my port that went up today while the other five stocks were down.

Take a look at the weekly chart above. This week was an up bar that continued from last week up bar while the $SPY had a big down weekly bar this week.  The counter-trend against the falling general market makes $HYGS a very bullish stock when general market turns bullish. Imagine seeing the beginning of the 3rd wave of the five wave Elliott Wave Theory on the weekly chart.  I can see $100+ when the 3rd wave complete its run.  Pardon my excitement here.

$DMRC continued to disappoint but I’ve resigned to wait this one out.  A sudden turn-around can be expected if a deal can be struck with any big name retailers.

$AMRN gave back was expected as I had stated yesterday.  Without FDA response today, no one wanted to hold thru the weekend.  However, giving the volume yesterday compared to today’s, I suspected a lot more people are holding for the FDA decision.

Today damage was 2.7% against my port and YTD losses is 4.1%.

Current holdings… and then there is six…

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

Notice that $HYGS is now my 2nd largest position.  $DMRC will have to earn its place back by climbing back up in the near future.

From my other account:

I bought $KNDI for the bounce and bounced it did; but it also took out my breakeven stop later on.

My 2 cents.

 

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