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Tag Archives: $INFN

10-23-2014 Trading Journal

After a good rest, the bull marched onward.

SPY_Daily

Price is now above the 89 MA line.  It needs to go higher to take out the 79 MA line.

Today, I bought back $AMRN but missed $INFN. I did not want to chase a higher open ($INFN) and had waited for a retracement that never came.

However, my two largest positions were doing fantastic- $LRAD and $DMRC.

Below is the $DMRC daily chart:

DMRC_daily

Price finally broke out of resistance that began in early August.  By doing so, price also took out the 79 & 89 MA lines.  Chart looks very good for a continuing rally from here.

$LRAD also took off from support.

LRAD_daily

Price bounced off from the 79 & 89 MA lines and took out the 15 MA line as well.  All is waiting for the large order of the mass notification system from one or two of the Middle East cities.  When good news come, this one will pop hard.

What can I say, I missed this beautiful gap up $INFN trade.

INFN_daily

By not chasing it in the morning, I missed the follow-thru run.  Instead I went to buy $NUGT again and got stopped out.  Thinking back, the risk of chasing $INFN may be less risky than catching a falling knife on $NUGT.  I need to remember this lesson next time.

$ORBC was disappointing today ’cause it went down.  $AMRN was practically breakeven although it dropped slightly.

Thanks to $LRAD and $DMRC, my port gained back 3.7% today with YTD gain at 8.3%.

Current holdings:

LRAD, DMRC, ORBC, AMRN and 9.8% cash.

From my other account:

I added a bit more $MCIG.

MCIG_daily

Price is beginning to form a bottom with an inclination to move higher.

My 2 cents.

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10-21-2014 Trading Journal

Whoof!  The sudden movement went right pass your eyes and you could barely made out the shadow.  The gust of wind smashed your face with such force you had to find out what was moving so fast.  You took out your binocular and saw the horn of the bull before it disappeared into the horizon.

SPY_Daily

Up, up and away. And the bear finally lost its grasp…

Today, $LRAD, $DMRC, and $INFN went along with the general market.

$DMRC cautiously closed higher.

DMRC_daily

Price is at a very critical crossroad.  It is only a stone throw of crossing over the 79 & 89 MA lines. These MA lines are also happened to be at the resistance line of $25.4x that began all the way from early August.  Thus, a break out from here will signify a powerful rally ahead.  If not, it will fall back down.  Tomorrow after market close is the time when the fat lady sings.

$INFN also closed higher.

INFN_daily

The bounce is strong but price is now at the Fib 61.8% retracement from the recent down trend.  $INFN is also reporting tomorrow after hour.  The prospect of getting two surprises tomorrow makes it a special event day- one that will impact my port one way or the other.  I’m leaning on the positive side, of course.

I got slapped by $NUGT today.  Price went higher after open and I double-down expecting it to hold steady or go up.  Instead it came back down to hit my stop for the new add.  At the close, I’m still holding my original position with the GTC hard stop still intact.

Anyhow, thanks to the three positive closings, my port gains another 1.4% with YTD gain at 7.1%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT, and 2.8% cash.

From my other account:

I decided to buy $MCIG as my way to get back into the cannabis/eCig sector.  I like $MCIG for both technical and fundamental reason.  Fundamentally speaking, mCig announced it has executed a landmark distribution agreement for VitaCig covering South Korea.  To me, this is very big in term of getting a strong push in promoting its VitaCig ecigeratte. Per news release, this may be the first of the many international deals in the near future.  I’ve reason to believe mCig may eventually become a main stream player with its popular VitiCig.  Why do I say that?

Well, I actually ordered the Viticig and gave it a try.

I couldn’t believe the amount of vapor (look like smoke) I could blow out from the tiny eCig.  I shared it to others and they all loved it.  And not only that, the price is quite right ’cause it is very affordable.  So, with proper marketing, VitiCig can hit the mother lode.

Technical speaking, the bounce today with high volume is a good sign that a bottom is settling in.

MCIG_daily

See how the 5 MA is turning up as well as the momentum indicators.

My 2 cents.

 

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10-20-2014 Trading Journal

 

The bull made another push against the bear and gained another foot of movement…

SPY_Daily

At least, the bull now emerged out of the rectangular box.  Now it needs to overcome the resistance from the previous low established back in August.  We will know tomorrow if this resistance can be broken to the upside.  If not, back to the box it will be.

Today was almost a neutral day for my port with two slightly down ($LRAD, $DMRC), three up ($ORBC, $INFN, $NUGT), and one even ($AMRN).

I was fortunate that my $NUGT did not get stopped out at the open.  In fact, price opened higher and spent the rest of the day continued upward.

NUGT_daily

From the daily chart above, the rally today only put the price back into the consolidation range.  In other words, price is still basing and there is no inclination of a breakout just yet.  However, notice that the 5 and 15 MA lines are now converging and it is possible that another up day will make the 5 to cross over the 15.  Thus, if there is another up day tomorrow, I may add to the $NUGT position.

$INFN rallied nicely to maintain a bullish stance.

INFN_daily

Notice that the 5 has crossed over the 15.  Price action looks good for a continuing rally.

$LRAD managed to rally back to close at “almost” breakeven.

LRAD_daily

Notice that price is still hanging around the 79 & 89 MA lines.  I’m still very bullish with this one and anyone who sold has allowed the short-term traders to influence their conviction of the trade.  Not me, I’m hanging on to all my shares waiting for the big rally that is still simmering underneath the earth waiting to explode.

$DMRC’s judgement day may be this Wednesday.  Will the earnings call reveal the big retailer(s) who is/are testing the Digimarc barcode?  If so, do they love it?  Any positive news will move the price higher; however, another “we are not allow to disclose the name of the retailer yet” update will stall the advance unless it is qualified with a comment that they like what they’ve seen so far.

Thanks to $NUGT, $ORBC, and $INFN, my port gained 0.3% today with YTD gain at 5.7%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT, and 3.5% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

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10-17-2014 Trading Journal

The bear didn’t have a chance.  The bull simply dragged the bear along in its pursue of height.

SPY_Weekly

The above is the weekly chart.  See how it ended the week escaping the tan rectangular box?  While it didn’t close above the box, it was definitely good enough to call it a win for the bull.

While the market was up, my port had a minor correction which was to be expected after it had defied gravity for most of the week.

I sold $KNDI in the morning when I still had profit to take.  I didn’t like the high open and then a sell-off afterward.  I also bought some $NUGT for bottom-fishing with a GTC hard stop below the lower bollinger band from the daily chart.  I wasn’t stop out by day close.

$LRAD and $AMRN were even for the day with $DMRC, $ORBC, $INFN, and $NUGT closing in the negative territory.

Below are the weekly chart which show more bullish tone except for $AMRN and $NUGT which are more on the fences.

$LRAD weekly chart below::

LRAD_weekly

I like the fact that price closed above the middle line of the long-range Andrew’s Pitchfork (purple lines).

$DMRC weekly chart below:

DMRC_weekly

This week bar completely recovered from last week red bar. Now it just needs to get over the 79 & 89 MA lines to begin the bull move.

$ORBC weekly chart below:

ORBC_weekly

It was a strong green bar above the 79 & 89 MA lines.  Breaking out of $7 resistance will be the next target.

$INFN weekly chart below:

INFN_daily

While I was late going in, this weekly bar looks strong for continuing upward momentum.  Price is also above the 79 & 89 MA lines.

$AMRN weekly chart below:

AMRN_weekly

Price was neutral at the bottom.  Price needs to stay above $1 for survival sake.

$NUGT weekly chart below:

NUGT_weekly

What more can I say, it is a catch-the-falling-knife play with a hard stop.  The reason why I decided to play this one is because of last week “almost” doji bar. It could mean a possible bottom. If it bounces from here, I’ll be OK; if not, I’ll be stopped out for sure.

Due to some minor corrections from $DMRC and $ORBC, my port gave back 1.2% for the day with YTD gain at 5.39%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT and 3.6% cash.

I noticed that $IBIO went higher today to close above $3.  While I did not take the trade, I’m happy for those who is sitting on profit.  I’m quite content with the money I made off from $IBIO and was “relieved” to be free from it.  To get back in will cause me to stress out about giving back gain I’ve made.  $IBIO is currently floating on air based on nothing more than their IP portfolio.  Any news of containment of the Ebola over the weekend will cause a gapped down situation in Monday morning.  I for one will certainly wish that this deadly Ebola will be contained over the weekend.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

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10-16-2014 Trading Journal

The greedy bear made one last pull and took the bull down at the open; but the bull had enough of the BS and climbed back up with such brute force that the bear could not stop the advance no matter how hard it tried.

SPY_Daily

Price climbed back up in the middle of the tan area which was good.  It also didn’t take out yesterday low which was double-good.  Now, the bull is set up to move higher; but it needs to take out today and yesterday high first.

Today, all positions on board are in green.  I dropped $CERS and bought $INFN and $KNDI.  I also added to $AMRN.

$LRAD finally made a small bounce.  At this point, any bounce is good.

LRAD_daily

Price did take out yesterday high so I believe we may see a bottom here.

$DMRC continued to surge ahead.

DMRC_daily

Price is now touching the 79 & 89 MA lines which are also converging into one.  I believe price will simply walk pass this magical lines tomorrow and rally hard in anticipating of next week earnings call.

$ORBC, like $DMRC, has been rallying hard this week despite general market turmoil.

ORBC_daily

Price is now gunning for $7 resistance.

$AMRN finally broke out of $1 resistance!

AMRN_daily

I’m glad I added more in the morning.  As you can see in the chart, price is forming a smooth slow curve heading back up.  It will probably be a slow grinding up from here.

I bought $INFN today for the bounce up. I had bought $INFN in the past but got out too early and missed the rise to $11+ from my 9ish entry point.  Now, I see an opportunity to get back in.

INFN_daily

Price continued to bounce off the 79 & 89 MA lines.

$KNDI bounced hard after opening lower.

KNDI_daily

Seeing price took out the opening range, I decided to buy some shares to see if this has leg.

Thanks to all six stocks going up, my port gained 2.4% today and YTD gain at 6.6%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, KNDI and 2.8% cash.

From my other account:

With DOW opened negative and $KNDI opened lower, I decided to close $KNDI position while I still had some gain left.  Turned out it was not a good move hindsightwise.  However, this mishap was more than offset by my “another” fortune of $IBIO gapping up after I got in yesterday at $1.30+.  Without hesitation, I sold at the open to lock in gain once again.  Although I did not buy as much as before, i still enjoyed the gain.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

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08-06-2014 Trading Journal

Market dived head first into the water and then swim back up to the surface slowly.

SPY_Daily

I like the fact that price climbed back high enough to close around the support areas.  Now it needs to consolidate around this area to take a rest before bouncing.

Today, I’ve a slight bounce on my port due to rallies from $HYGS and $DMRC.

Both $LRAD and $AMRN report earnings tomorrow.  I’m like a boy looking at the upside down turkey with legs up in the air.  “Hmmmm…..” rubbing my hands together in anticipating of a glorious feast.

Yeah, right.

I don’t expect anything fancy on the numbers; however, I’m expecting it to show strength in the build-up of the business.  Both $AMRN and $LRAD are on the same boat.  Both needs to show that the world is waiting for their products with open arms.  $AMRN, however, has an added dimension that make this one even more exciting.  Like a gambler kissing his dices before the roll, I knocked my knuckles on my solid wood table for the effect.  Will the FDA change its mind?  drum roll…… for the decision may appear anytime this or next week.

Thanks to uptake on $HYGS and $DMRC, my port was up 1.4%.  YTD losses is 1.7%.

Current holdings:

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

From my other account:

I picked up some $INFN today looking for a breakout play.

INFN_daily

Take a look at that long narrowing consolidation range.  Today long green bar may be the push that is needed to take out the box and move on higher.  We will see.

My 2 cents.

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