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Tag Archives: $KGJI

07-22-2014 Trading Journal

Market kicked the bear down the stairway and continued on higher…

SPY_Daily

For now, the bull have the rest of the week to figure out how to take out the resistance that’s been stopping its advance.

Meanwhile, six of my seven stocks went up today.  $HYGS was fantastic in the day but gave back all gain by closing bell.

$AMRN led the gain with a nice bounce on the chart.

AMRN_daily

If this bounce takes hold and begin a new trend up, it will be the 3rd wave of the Elliott Wave theory.  And the 3rd wave is usually the longest wave of the 5 waves pattern.  I expect this 3rd wave will exceed the Jan high of $2.75.  If FDA changes its heart and approves the label expansion of Vascepa, then this will be one of the longest 3 waves in the history of stock charts.

$STV continued to inch higher.

STV_daily

So far, it is trading in the middle of the consolidation range.  Did you notice that the 5 MA is about the cross-over the 15 MA line?

$KGJI bounced well today.

KGJI_daily

Price is now over the 79 MA line. I see somebodies are finally taking notice that $KGJI is an undervalued “gold nugget” that is waiting to be appreciated.

$DMRC bounced nicely during the day but gave back gain by closing bell. All the weak hands practically left the party before the earnings update tomorrow.  I’m still holding my ticket to the party and is looking forward to have a happy time.  Let’s see if that is the case tomorrow.

Yesterday, i mentioned that the thought of holding $KNDI thru the drawdown was a better deal than my current $DMRC dilemma.  However, looking at the math, it really wasn’t.  To hold $KNDI from $18.5x (from where I took profit) to under $11.00 would involve sitting thru a drawdown of 42% from $18.50 and 52% from the high of $22.4.  Meanwhile, I’m only sitting on a 23% drawdown on my $DMRC position.  That number will change for better or worse after tomorrow update.  It is only from the hindsight of $KNDI recent rally that it “looked” better.  Well, all these number crunching were just to put my perspective back in place.

Thanks for $AMRN leading the gain, my port gained back 1.2% for the day.  YTD losses is now at 3%.

Current holdings:

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

From my other account:

Still waiting for Health Canada response while $FITX position is taking in water…

My 2 cents.

 

 

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07-02-2014 Trading Journal

The market held its ground today without giving back yesterday gain.

SPY_Daily

However, price is hanging round the top of the Bollinger band which may or may not signify a correction is coming.

Unlike the $SPY above, both $DMRC and $LRAD gave back some gains from yesterday.  However, bounces from $AMRN, $KGJI, and $NMRX helped lessen the blow.

$LRAD took a tumbling during the day but recovered nicely by closing bell.

LRAD_daily

Look at at the long tail in the candlestick bar.  Price is still above the 5 & 15 MA lines. Now, I need price to take out the high of $2.12 from June 19th.

$DMRC, however, reflected the opposite of $LRAD.  Instead of down day and recovered nicely, it had an up day and closed badly.

DMRC_daily

Despite today correction, the overall trend is still bullish.  Today gave back is expected when there is no news.

$AMRN bounced from yesterday down day.

AMRN_daily

Price is now trading above the 89 MA line which is important to me.  It is now only a stone throw away from the resistance at $1.74.  I believe price will just walk pass it this week.

$KGJI also bounced and price is now back inside the consolidation range.

KGJI_daily

Nothing could please be more to see this bounce here.  I’ll be even more pleased when the 8 cents dividend flow into my account by mid-July.

Both $BIOS and $ORBC were non-eventual today with a bit of a correction.

Thanks to bounces from $AMRN, $KGJI, and $NMRX, my port only lost 0.3% today.  YTD gain is now 6.9%.

Current holdings:

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

From my other account:

$ENRT disappointed by taking out the support at 15 cents.  Due to my busy day, I wasn’t able to do something about the position.

ENRT_daily

I’m going to have to watch this one closely going forward.

The other three did not do too well either.  Seems like the cannabis sector is taking a break after a strong rally in the 1st quarter of the year.  Fortunately, I didn’t buy as much of these four stocks like I used to.

Current holdings:

$TWD.V, $ENRT, $FITX, $MCIG

My 2 cents.

 

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06-30-2014 Trading Journal

Although the market was slightly negative, I considered it a neutral day.

SPY_Daily

The chart shows a small doji bar.  Since this doji is not sitting on a new high, I don’t see it as a potential island top doji reversal.  I see it as a possible pause before continuing on with the ongoing trend.

At this stage, I believe my basket of hi-beta stocks have settled into my port with not much trading activities going on.  Thus, my trading journal will be focused on analyzing the charts of current positions.

One position stood out today was the bounce of $AMRN.

AMRN_daily

Price finally broke through the resistance of $1.74 from May 2nd.  Unlike last Thursday where price broke thru the resistance but ended the day down; this time, price actually closed above the resistance line.  On top of that, price closed well above the 79 & 89 MA lines.  From here on, I see $2 the next resistance.

Giving recent scientific news regarding high triglycerides and cardiovascular disease, I can only see a continuing bullish trend for $AMRN. I also believe recent marketing campaign that utilized the screen personality of Rick Harrison from Pawn Stars will bring more awareness to the mass who otherwise do not even know Vascepa exists.  Now, they are going to call their doctors to inquire about this prescription grade fish oil that doesn’t increase your bad cholesterol LDL.  Another possibility is that the FDA may reconsider and reinstate the SPA with $AMRN for expanded labeling giving recent scientific studies.  If this happens, price will jump and I’m more than ready to welcome it.

The next stock that warrants attention is $BIOS.

.BIOS_daily

Price bounced and hit against resistance at $8.44 from June 11th.  Although it gave back some gain, a closer look at the chart reveals that today close is actually higher than all the closes of the last three weeks.  This is like the tiger has waken up and is only stretching its leg before getting up.  The way I see it, once the resistance of $8.44 is taken out, price is going to run…

Last Friday, I mentioned that $NMRX and $KGJI are on the watchlist.

$KGJI, at the least, bounced enough to touch the lower band of the consolidation range.

KGJI_daily

Giving today action, it is a relief to see a pause in the downward momentum.  Chart looks like there is a potential bounce from here.

$NMRX also closed in a positive note despite price took out Friday low during the day.

NMRX_daily

With a long-tailed doji, we may be looking at a bounce this week.

Thus, with both watchlist stocks bouncing some today, I didn’t have to take any action.

Despite a down day for $DMRC, my port still gained 0.5% thanks to $AMRN and $BIOS.  YTD gain is now 5.7%.

Current holdings:

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

No activities from my other account:

My 2 cents.

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06-27-2014 Trading Journal

The market was splashing under water for most of the day but managed to close with head up in the air… Whew!

SPY_Daily

The daily chart looked good at the close despite its spending all day in the negative territory.  Again, the bear failed.

$LRAD saved the day by bouncing a bit.

LRAD_daily

Chart looked much better with price closing above the upper border of the previous consolidation range as well as above the 79 & 89 MA line.

$DMRC recovered by day close to settle a tiny bit above yesterday close.

DMRC_daily

Price is now attempting to bounce from a 50% retracement from previous low established in early June.

$AMRN did not take out yesterday low which was a positive sign that the bull is still intact.

AMRN_daily

Price bounced from yesterday close and stayed above it even at closing bell.  The interim short-term trend is still up and price is still above the 5 and 15 MA lines.  Price needs to take out the 89 MA resistance line next week to keep moving up.

$ORBC continued higher.

ORBC_daily

I like the fact that price closed above the 79 & 89 MA lines.  The overall interim trend is still up.

$KGJI continued to disappoint by trading below the consolidation range.

KGJI_daily

I need to keep an eye on this one; but I also don’t want to get out too soon.  Potential bounce from this one is very strong.

$NMRX suffered from a last minute dumping at the closing bell.

NMRX_daily

Despite the dumping, it was probably an unloading of a single investor looking to raise cash for the weekend.  Next week will determine if this dumping will trigger a fall from here.  There is still support at the $11.43 area.

Despite a negative close, $BIOS is still on an uptrend mode.

BIOS_daily

Currently the 15 MA line is a supporting line with price zigzagging along for the last two weeks.  If overall market continues to run next week, $BIOS may breakout to the upside.

So far, $KGJI and $NMRX are on the watchlist for potential bearish action; the rests are still in good shape for a good bull run.

Thanks to $LRAD, my port gained back 0.5%.  YTD gain is now 5.2%.  While these daily small % change seems trivial for my port, these are expected volatility while I’m waiting for big move on any one of my seven stocks.

Current holdings:

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

From my other account:

I’m still holding $MCIG, $TWD.V, and $ENRT.  They are all practically uneventful for the week as shown in the charts below:

MCIG_daily

TWEED_daily

ENRT_daily My 2 cents.

 

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06-20-2014 Trading Journal

Market corrected a bit today which was to be expected.

SPY_Daily

It was a soft correction so to speak.

$AMRN opened higher and I used the remaining cash to add more.

AMRN_daily

While price fell back down below the two 79 & 89 MA lines, it was still above the two 5 & 15 MA lines.  In another words, the bull run is not over yet.  Sometimes, breaking thru the tough 79 & 89 MA lines will require several attempts; perhaps, it will break out next week.

Now, I’m all set with $AMRN.  The key element is for me to have enough conviction to hold on to this one thru volatility.  I had been gun shy with this one since my large losses from the FDA fiasco.  However, my sentiment has shifted more to positive outlook giving recent positive scientists’ outlook on lower triglycerides: thus, my conviction has begun to strengthen with my regard to $AMRN.  If price can recover back to $7, I’ll be more than recovering previous losses.  The magnitude of $AMRN future gain cannot be underestimated if their Reduce-It trial turns out be be hugely successful.  And the odd of success increases exponentially from the recent scientists’ article.  Not to mention that the previous Jelis’ trial result had already proven the thesis.  I’m betting that the FDA will eventually lessen its resolve to keep its foot on $AMRN head against the ground.

Like a balloon leaking air, $LRAD gave back much of the gain from yesterday.

LRAD_daily

All is not lost, price still closed above the consolidation range and is still above the 79 & 89 MA lines.

$DMRC is holding its ground and price is still above previous resistance line.

DMRC_daily

A careful look will reveal that price is in the verge of breaking out of a bullish flag.  I see high probability of an upside move next week.

$KGJI retraced a bit.

KGJI_daily

But the chart still looks good for a coming bounce.  It is forming a solid base here and price is now trading on the upper band of the consolidation range.  I just don’t see how a fast growing company can remain undervalued for so long.  Something has to give eventually.

Due to $LRAD deflation today, my port gave back 1.4% today.  YTD gain is now at 6.1%.

Current holdings:

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

Giving recent price advances from $LRAD and $DMRC, both position are now neck to neck in investment size with $LRAD gaining a slight advantage.

From my other account:

$TWEED gave some gain from yesterday but chart still looks good for further upside.

TWEED_daily

Price still closed above the 5 & 15 MA line.

My 2 cents.

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06-19-2014 Trading Journal

The market took a sneeze and went back up to close softly on the upside.

SPY_Daily

Look like it may continue to head higher from here.

Scientists are now saying that lower triglycerides can protect you from heart attacks and strokes.  As a result, $AMRN opened higher.  I waited all of five minutes before buying more.  Hindsightwise, I should wait at least an hour before buying.

AMRN_daily

Price gave back half of the gain by day close.  Nevertheless, I’m impressed with the scientists’ view on this.  This further support the Japanese Jellis study that showed 50% of patients have lower heart attack than controlled group.  My own body is telling me that the Vascepa is conducive to my healthy well being.  So, I bought more and I even sold some $BIOS to buy even more.  I’m betting that eventually BP will eventually capitulate and offer a fair price to buy out $AMRN. I’ll have to remind myself to sit on this one instead of trading in and out of it.

Today was an excellent day for me.  $LRAD, $DMRC, $AMRN, $KGJI all spiked up nicely.

LRAD_daily

:Look at $LRAD spike-up.  Price took out the two previous pivot highs.

DMRC_daily

$DMRC went back up today but it was an inside bar compared to yesterday bar.  All I need is for $DMRC to trade higher than today high tomorrow and we can see a much higher price coming.

KGJI_daily

$KGJI spike up but bumped its head against the 79 & 89 MA resistance lines and fell back down.  Nevertheless, it was still up for the day.  $KGJI is way undervalued based on fundamental and I’m going to sit on my position and wait out the anti-Chinese-gold-stock climate.

$SWIR, $NMRX, and $BIOS all corrected a bit but did not stop my port from gaining a nice 2.3%. YTD gain is now back up to 7.5%.

Current holdings:

LRAD, DMRC, SWIR, AMRN, KGJI, NMRX, BIOS and 1% cash.

From my other account:

I bought TWEED (TWD.V) today to participate in the cannabis sector.  Forget $FITX for now since they don’t even have a license yet.  TWEED is already selling under the Canadian MMPR program and recently just announced they are expanding their production facility in a different location.  They are in motion so I’m jumping in on this one.

TWEED_daily

See how price took out the recent consolidation range today and traded higher.  More good thing to come when they get new license for the new location.

My 2 cents.

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06-17-2014 Trading Journal

Bouncing away was the market way today.

SPY_Daily

Look at that nice bounce off the 15 MA line!

$KGJI announced that its Board of Directors approved a special cash dividend of $0.08 per share of common stock to be payable on July 31st, 2014 to stockholders of record as of June 30, 2014.  Seeing that my yield will be over 6% even if I added more today, I bought more to round up my investment size.  I believe $KGJI is having another stellar quarter such that they have more than enough cash to issue the special dividend.

KGJI_daily

Price spiked up but gave back much gain during the day.  There are simply too many investors who do not “believe” enough on this stock and its performance.  In time, this stock will eventually bounce and have its glory day.  I’m going to have to wait it out; meanwhile, it is nice to collect dividend while doing so.

$APRI took out yesterday low so I decided to sell my position to lock in small gain so I could use the proceed to add more $SWIR, $NMRX,and $KNDI.

APRI_daily

Price fell right back into the middle of the symmetrical triangle.  If it can not bounce off the 89 MA line tomorrow, it does not look good.

$SWIR took out the 79 MA line resistance so I added more.

SWIR_daily

I need to see price continue upward and away from the 79 MA line to confirm the bull trend tomorrow or later in the week.

$NMRX corrected a bit but I added more anyway to round up my investment size.

NMRX_daily

Price maintaining above all MA lines offered much comfort in my holding this one.

$KNDI rallied hard today and I added more when it took out the 79 MA resistance.

KNDI_daily

Although price fell back below the 79 MA resistance, I’m going to see if it can continue the bounce.  If not, I may have to bail to lock in profit ’cause the 79 & 89 MA resistance can be tough to break thru.

$DMRC spiked up today but gave back all gain and some by closing bell.

DMRC_daily

Price probably will bounce around here waiting for news.

$LRAD bounced nicely today due to news that it received $1.7 million order from an International Navy in Southeast Asia.

LRAD_daily

Price jumped out of the consolidation range and closed above all MA lines.  Looking good so far.

$BIOS bounced off the 15 MA line and made an impressive run to the upside.

BIOS_daily

Unfortunately, the air went out and price fell back down some.  Price, however, still closed higher than the 5 MA line which is a good sign.

Today, five of my stocks were positive against three negative. Due to gain from $LRAD, $SWIR, and $KGJI, my port gained 1.25%.  YTD gain is now 6.5%.

Current holdings:

LRAD, DMRC, SWIR, KGJI, NMRX, BIOS, AMRN, KNDI and 2% cash.

From my other account:

Look like I sold $TRTC too soon since price bounced back impressively today. But then, I wasn’t willing to bet on the permit issuance; thus no risk, no gain.  So, I’m ok with that.

My 2 cents.

 

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06-13-2014 Trading Journal

The market bounced right off the 15 MA line as if on cue.

SPY_Daily

If price can close higher than today high next week, the bull is still in charge.

Anytime a short-term MA lines like 5 and 15 can act as support, it usually means the bull is still in full force.  What we have is a healthy correction the market needs to take a breath.

Today price action on $GALE reminded me of my sloppiness.  I was looking purely on chart and forgot to consider the fundamental reason why $GALE was down since January.  It only took a reminder from Adam Feurerstein to put some sense back in every head.  Needless to day, I paid for my sloppiness with a larger than expected losses since I added more in the morning.  Oh well, lesson is learned and I’m moving on.

$BIOS could not hold on above $8 so I’m actually taking heat on this one.

BIOS_daily

From the chart, the 15 MA line served as a good support for now.  Let’s see if price can bounce next week with the 15 MA as the launching pad.  I added a bit more in the morning to round up my investment size.  Hindsight speaking, my impatience had put me in disadvantage position on this stock.  If the 15 MA support hold, I’ll hold onto to the position; if not, I’ll have to decide if I want to take my losses and move on.  However, I’ve a feeling that if the general market is rallying next week, $BIOS will bounce as well.

$AMRN bounced slightly but still stayed on positive upward direction.

AMRN_daily

Although we had a new high from yesterday spike-up day, I consider the resistance is the high of two days ago at $1.56.  I added some more this morning to round up my investment size.

$KGJI was down slightly today.

KGJI_daily

Price is still trading inside the consolidation range here.  This stock has strong fundamental so I’m going to hang on to this for awhile with my eyes on the consolidation range.

$LRAD bounced nicely today.

LRAD_daily

Price is now trading at the edge of the upper consolidation range which also happens to be where the 79 & 89 MA lines are.  It looks like price action is setting up for a strong bounce from here.  Let’s see if this is the case next week.

$DMRC continued to bounce higher.

DMRC_daily

However, price is now banging its head against the resistance from Tuesday high (6/10) of $33.24.  I feel that it can be easily breached to the upside if the general market continues to bounce.

Thanks to the rally of $DMRC and $LRAD, my two largest position, my port was up 0.55% despite losses from $GALE and minor corrections from some positions.  YTD gain is now 4%.

Current holdings:

LRAD, DMRC, SWIR, KGJI, BIOS, NMRX, APRI, AMRN and 5% cash.

From my other account:

$TRTC corrected some today.

TRTC_daily

Price found support at the 5 MA line.  I’ll have to decide what to do with this position next week.

My 2 cents.

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06-10-2014 Trading Journal

The market simply refused to correct… as much as the bear tried to push it down.

SPY_Daily

After a brief downward movement that took out yesterday low, the market bounced back up to close even for the day.

Seeing the correction in the morning, I bought a starter position on $TZA with a hard stop below yesterday low.  So far, my stop wasn’t triggered and I’m still holding $TZA. Let’s see if this will bounce back up tomorrow.

TZA_daily

Despite giving back gain by day close, $TZA still closed higher than yesterday close.  From the chart, strong support is at $14.30.  It may bounce from here if yesterday low holds.

Continuing with the downward momentum from yesterday in $KGJI, I decided to take advantage of this fall to buy back some of the position I sold last week.  I was able to buy back at similar prices I sold before.

KGJI_daily

Price was able to bounce back up to even by day close.  Now that I bought back some shares, I’m again ready for this one to take off.

I noticed that $APRI was bouncing off a symmetrical triangle formation in the daily chart; so I immediately bought back a position.

APRI_daily

I was fortunate to buy in before the rally continued higher.

$DMRC also performed nicely today.

DMRC_daily

Price broke out of the downtrend line and moved higher in strong volume.  I like the fact that price closed higher than the high of the last ten days.  The most important thing, from my perspective, is that price closed above the 79 & 89 MA lines.

Fundamentally speaking, someone posted a link to an article on Walmart highlights technology at shareholders event

Below is an excerpt from the article:

In another presentation, Cory Gundberg, VP of strategic planning of Walmart Technology, said the retailer has begun including digital watermarks in store circulars, allowing shoppers to use mobile devices to research items as they peruse ads. The company is also looking into using the technology on product packaging, he added.

While the article did not mention Digimarc’s digital watermarks technology or the Digimarc barcode for product packaging, it is up to us to speculate that it may be it.

Today price advance could also be due to positive review at the Food Marketing Institute (FMI) Connect 2014 show today.  With a much faster check out time using Digimarc barcode compared to conventional barcode system, the technology is just waiting to be taken.

Thus, I’m going to be sitting on this one for a long time.

Thanks to $DMRC rally and a quick gain on $APRI, my port gained 1% today.  YTD gain is now 4.3%.

Current holdings:

LRAD, DMRC, KGJI, APRI, AMRN, TZA and 26% cash.

From my other account:

I decided to buy some $TRTC for a bounce.  $TRTC was a victim of bear attack from the SeekingAlpha article issued last Friday.  Price sank like a rock after the article.  I bought today ’cause $TRTC announced that it is going to take legal action.  As far as I’m concerned, taking legal action means you can back up your own story and support the libel suit; otherwise, you expose yourself to more attack in the legal system.

TRTC_daily

Price bounced nicely from the chart.  There is strong support at 34 cents.  Giving the trend of moving toward legalizing medical marijuana, I need to find a cannabis stock to speculate.on.  While $FITX is still waiting for Health Canada to inspect, I like the prospect of $TRTC from here.

My 2 cents.

 

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05-29-2014 Trading Journal

Market continued to move higher after a pause yesterday.

SPY_Daily

Look like we have another rally May instead of a “sell in May and go away” month.

Today I sold $AMRN to lock in gain as well as some $BIOS.

I sold $AMRN ’cause there was no follow up to the rally yesterday.  Not long before close yesterday, there was a high volume sales that was as large as the afternoon spike which sparked my interest in buying more.  After noticing the big volume sell off, I concluded that the original large order spike must had been an input error on the part of the trader/fund.  Before closing, I’m guessing that the same trader/fund must have dumped the shares to correct the error.  With this assumption, I sold $AMRN when I found price could not hold $1.47 after some attempts in the morning.

AMRN_daily

By day close, $AMRN formed an inside bar which could be either a pause to the upside or a potential topping before heading back down.  I’m staying on the sideline for now.

Seeing that $BIOS could not move much in the morning and the S&P500 was struggling to stay positive, I decided to sell off the $BIOS position even though I thought it would be a good bounce from here.  If the market correct, $BIOS would surely go down quickly with it.

I was proven wrong when price took out the opening range to the upside.  Upon seeing the breakout, I bought back 50% of my original $BIOS shares.

BIOS_daily

Price closed with a doji bar.  Let’s see if this is a pause bar or a setup for a reversal.

$DMRC bounced back some today as well as $KGJI.

KGJI_daily

I like to see today pattern as a confirmation of $KGJI starting the 3rd wave of the 5 waves Elliott Wave pattern. In other words, $KGJI is going to take out the resistances ahead and rally hard since the 3rd wave of the Elliott wave is usually the longest wave of the 5 waves pattern.

Despite minor corrections from $LRAD, $SEED, and $DNN, gains from $DMRC and $KGJI more than offset the losses and my port remained slightly positive (close to breakeven) for the day.  In summary, my port did not move much today except to stay on the positive side.

Current holdings:

LRAD, DMRC, KGJI, SEED, BIOS, DNN and 20% cash.

From my other account:

Since I didn’t have $FITX to tie up my cash, I decided to venture in $NVLX. I’d been eyeing this one for awhile but didn’t want to get in until the downtrend was stabilized.  Today was the second up day since the downtrend so I thought it was time to get in.

NVLX_daily

Price today closed at the 89 MA resistance line but was above the resistance from April low.  If price can take out the 79 & 89 MA lines from here, $NVLX will be heading back up with the possibility of not coming back to this level ever again if their “cell-in-the-box” technology proves to be effective.

$FITX corrected some today.  Even though I don’t have any $FITX now, I’ll be watching it on the sideline.

My 2 cents.

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