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04-17-2014 Trading Journal

The market continued to bounce some today.

SPY_Daily

While it was not a big rally like the last two days, it was enough to keep the bull momentum intact.

For some reason, I got the distinct feeling that today the bull was developing into a base.  Thus, I began buying back some positions for the long-side going into the long weekend.

I started by adding more $DMRC.  Then seeing that $KNDI bounced off the long-term support at $11.00 area two days ago, I “felt” it was the right time to buy back some positions.  I’m also stroked by last Monday news that Shanghai is going to launch the public EV car-sharing system pilot project.  In a “normal” market day, this news might create a gap-up situation but current bearish climate neutralized the new info as if it was nothing.  I see this as an opportunity to buy back some now.  Let’s see if $11.00 can hold the support; if not, I may have to cut and run to stop the bleeding.

KNDI_daily

See how the support extends all the way back to beginning of January?

I also bought back $GWPH which I’d been trying to buy (and stopped out) previously.  However, I was sensing a bounce coming so I bought a starter position to see if it bounced this time.  It did so far.

GWPH_daily

Like $KNDI, the support extends all the way to early January as well.

$SEED was also bouncing from yesterday small green bar.

seed_daily

I started buying $SEED after the open to build it back to about 70% of my original size.  Price closed above the 79 & 89 MA lines  and it looks good.

I like $FSLR here ’cause there is a support that extends back to November of last year.

FSLR_daily

If the support holds, I may add more.  I like $FSLR ’cause it was the only solar stock that did not corrected like all other solar stocks.  In fact, while others were sliding down, $FSLR was actually on the up and up.

I added to $DMRC ’cause I saw the possibility of price taking out the resistance from late March.

DMRC_daily

Price did took out the resistance.  Let’s see next week can keep up with the upward momentum.

I also bought $CARA but price didn’t do much; so let’s if it will bounce next week.

Thanks to rallies from $LRAD, $DMRC, $KNDI, $SEED, and $GWPH, my port regained yesterday losses.

Current holdings:

LRAD, SVBL, DMRC, KNDI, FSLR, SEED, GWPH, CARA and 35% cash.

From my other account:

$FITX released news that added more weight to its goal of being the largest legit medical cannabis producer.

FITX_daily

Due to its positive effect, price rocketed up 20+%.  As a result of the news, I added more $FITX as well.  Did you see how price bounced off the 79 & 89 MA lines?  Magical!

My 2 cents.

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03-31-2014 Trading Journal

The market finally had a strong up day that did not end up giving back the gain by day close.

SPY_Daily

However, as seen from the chart, it fell short of taking out the upper range of the consolidation range.  Thus, I wouldn’t say we are out of the wood yet.  The next few days will be telling.

This morning, I bought starter position on $SVA and $KNDI and sold $MZOR for small losses.

$SVA opened slightly higher and I bought for the bounce.

sva_daily

We have an inside bar today so that if price takes out today high tomorrow, I’ll add more.

$KNDI also opened higher so I bought a starter position as well.

KNDI_daily

Since I only bought a small starter position, I don’t mind holding even when price was against me at the close.  Price bounced slightly today but the possible of a V-shape bounce is still in the card.

Again, I was lucky to dump $MZOR before the collapse later in the day.

MZOR_daily

At first, price opened higher and I was glad.  However, when price began to drop and did not bounce despite the DOW was going higher, I had a bad feeling so I sold my positions by hitting the bids that were available.  I was able to unload a bit above $21.00 for small losses.   Later, the price dropped as low as $19.53 before bouncing back some.  “Cut your losses” fast always save my day.

The highlight of the day was $CARA which gave me a nice 12.65% up day.

CARA_daily

I like the bullish engulfment bar today with higher than average volume.  Usually, a big bullish engulfment bar can kick start a rally; so let’s see how it goes this week.

$SVBL did not do so well today.

SVBL_daily

It dropped below the range of the last seven days.  Since I’m committed to this one for the long haul.  I’m going to have to take the heat on this one.

$SEED was also bouncing.

seed_daily

I like the fact the price is now trading above the 79 & 89 MA lines.

$AMRN closed lower today but the volume was relatively low compared to last week; so I decided to continue to hold.

Overall, despite losses from $SVBL and $AMRN, gains on $CARA, $SEED, $LRAD and $SVA more than offset the losses and put my port back up a notch.

Current holdings:

LRAD, SVBL, CARA, SEED, AMRN, KNDI, SVA and 32% cash.

From my other account:

Both $FITX and $MCIG bounced only a bit so I won’t bother to show charts.

My 2 cents.

 

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03-28-2014 Trading Journal

The market bounced hard in the morning but went out of air later in the day.  Nevertheless, it still closed up for the day.

SPY_Daily

You could see that it was a soft bounce. We need to see the market bounces hard next week to stop this bear attack from taking over the trend.  Based on after hour market on a Sunday afternoon, look like we may see a bounce coming.  But then, we all know too well that these bounces must stay firm at the close to consider a good bounce.  How the market closes tomorrow (Monday) may determine the tone for the rest of the week.

What I had done today (Friday) was a mixed bag of satisfaction and disappointment.  More like getting satisfaction in the morning and then being slapped with disappointment.

$KNDI opened higher and I immediately added more to average up.  Price continued to head higher and I added more.  By the time price broke out of the $17 resistance, I added even more.  My profit was immediate and it was looking good.  But then price began to correct below $17.00.  I continued to hold to see if it would bounce back above $17.  It did.  I relaxed a bit.  But the hold above $17 didn’t last.  Before I knew it, price fell back down below $17 and I wanted to see if it would re-bounce later; unfortunately, while I was waiting, price began to collapse like a waterfall and before I knew it, I was no longer in the money but was shown a little red.  Without hesitating too much, I began to liquidate some of my position to decrease risk and exposure.  Price continued to head lower and I decided to just dump the whole position ’cause I didn’t like the way price fell down so quickly from the $17.00.  Thus, from the morning of sitting on a nice profit to the liquidation of my position with a small losses, it was quite a ride.  By day close, price closed a bit below my last exit point.

KNDI_daily

See how price collapsed in mid-day in the 5m chart above?  It was a heady ride.  While I still believe in the fundamental story of $KNDI, I’m being mindful of the overall market correction which if the bear wins, everything will go down regardless of fundamental story.

Next, I bought back $SEED, $AMRN, $CERS, and $MZOR positions.

What?! $CERS again with the $40 million  potential dilution?

Yes, I asked myself the same question… but all I could say was that I couldn’t resist the morning chart pattern which was showing a bounce from a “almost” doji bar the day before.  Due to the fact that I closed out the $CERS position (again!) with another small losses before day close, I guess the “almost” doji bar did not offer a good probability here.

I bought $AMRN ’cause the chart looked like a breakout bounce was about to happen.

AMRN_daily

Thursday bar was a bullish engulfment candlestick bar; therefore, I decided to give this one another roll of a dice.  Thanks to Option Addict’s post about asshole stocks, it brought my attention back to $AMRN which was when I saw the bullish engulfment bar.  By day close, I’m still holding so let’s see if price can bounce next week.

Next I bought some $MZOR back due to a bounce at the open.

MZOR_daily

Since I still like the fundamental story, I was betting on the fact that the Thursday dramatic drop was over-done.  If price takes out the low of Thursday low, I will cut my losses.

$CARA dropped was expected due to earning report from Thursday night; however, I was just glad that the drop was not worse than I anticipated.  I believe $CARA has the potential to rally later in the year simply because the fundamental story has an excellent catalyst to be disruptive in the field of narcotic pain-killer.

CARA_daily

Notice that the price action on the daily chart was stabilizing despite a down day.  If the general market recovers, I can see $CARA bounce higher as well.

Thanks to $LRAD uptake on Friday, my port was at breakeven despite $CARA being down.

Current holdings:

LRAD, SVBL, CARA, SEED, AMRN, MZOR and 32% cash.

From my other account:

Both $FITX and $MCIG charts reflected a small correction; thus, I’m not going to bother with the showing of the charts.  Still holding long and strong.

My 2 cents.

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03-27-2014 Trading Journal

The market was down slightly today.  Thanks goodness it wasn’t another waterfall day.

SPY_Daily

Notice that today bar looked like a doji bar; while it was not technically a true doji bar since the open did not equal to the close; it was close enough that I believe the market had come to the point where the force of the bull was able to stop the bear relentless attack.  Thus, we may be looking for a possible bounce tomorrow.  Did you see how price bounced after the small range bar on March 14th and March 3rd?  I’ll wager that the probability is on the upside bounce tomorrow.

After the market opened, $MZOR began to drop and took out yesterday low.  Instead of waiting for the price to take out the low of the consolidation range, I decided to cut my losses when there were bids for me to take my sell orders.

MZOR_daily

Whoa! Was I lucky to cut my losses fast.  $MZOR dropped like a rock not long afterward and continued to fall further down into the close.  Today is another lesson that it pays to cut your losses fast.  Even if I used a hard stop placed below the low of the consolidation range, i would still be able to get out before the price collapse; thus, having a plan (stop loss) to cut your losses is essential to holding on to your money.

After seeing $SEED was struggling to maintain $2.12; I decided to sell my shares as well to cut losses and raise cash.

Because $NUGT opened higher and took out the upper-band of the opening range, I bought a position with a stop below the lower opening range.  I was stopped out for losses not too long afterward.

By the end of the day, seeing that the general market wasn’t going to do a waterfall close; I decided to use the available free cash to buy a starter position on $KNDI in the mid $15 level with a stop below $15.00.  Luckily, I wasn’t stopped out by day close.

KNDI_daily

As you can see on the chart, price actually bounced off the upper-band of the old consolidation range.  On top of that, the lower Bollinger band also happened to be in the same vicinity.  This served as two supports that gave me the confidence to buy back some shares before the close.  If price bounces tomorrow and I’ve free cash available from the three-day settlement, i may add more.

While I had to take some losses from $MZOR and $SEED, the bounce from $CARA helped offset the losses and my port was even for the day.

Current holdings:

LRAD, SVBL, CARA, KNDI and 49% cash.

From my other account:

The whole cannabis sector was taking a hit from mass sell-off.  Some speculated it had to do with $CANN being halted by SEC.  I didn’t sell any of my $FITX and $MCIG shares.  I’m going to have to take the heat from here.  April is around the corner and I believe the fat lady is going to sing pretty soon regarding the faith of $FITX getting the license from Health Canada.  Of course my money is betting that they will get it.  Why do I think that?  ‘Cause Health Canada needs all the large commercial growers they can get to ensure  a steady supply to the current and growing medical cannabis patients in order to stabilize the price and get the new law off the ground.

My 2 cents.

 

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03-17-2014 Trading Journal

Market had a nice come-back.

SPY_Daily

But we are not out of the wood yet.  See how price still settled inside the consolidation range?  Price need to get back above the top range to be considered back on the uptrend.

The big news today was the positive $KNDI earning announcement.  They sold more cars than the estimate 2,800 units they gave awhile back.  Basically, there are more individual buyers besides the car-sharing garage purchase.  Not bad!  And too bad for me staying on the sideline.  But that was price I paid to be a by-stander instead of a participator.  It was like watching an ongoing poker game as an observer instead of playing at the table.  Well, as they said, it could have gone the “other way”.

Nevertheless, today news practically convinced me that the drivers in China are ready to contribute to the clean air campaign by buying more EVs.  Thus, I went back in this morning paying up to $20 per share for the buy-in.  Only this time, I did not load up the boat as before, instead I bought a medium size position just as I would in a new stock- such as $MZOR or $CARA.  As far as I’m concerned, $KNDI is to me just another brand new trade with a new entry setup.  My past gain in $KNDI does not factored into this particular new $KNDI trade.  In other words, I will not be saying to myself thing like, “Oh, I had so much gain on this one I could fight the trend a bit more…”.  Instead, I will trade this $KNDI trade with all the proper medium-term outlook with its proper stop loss target.  If price continues higher tomorrow, I may add some more.

KNDI_daily

Price took out the previous high of $20.75 with super-high volume.  I can see a long-term uptrend coming for this one provided there are no major market correction during the year.

$CARA finally bounced today.

CARA_daily

Price touched the 50% retracement line and took off.  I can see a high probability that price will start to head back up and beyond.

$SEED continued to hold steady at the support line.

seed_daily

I can see the 5 MA turning up tomorrow or later in the week.

$MZOR finally succumbed and dropped a bit more than usual.

MZOR_daily

While price is still inside the consolidation range, it needs to bounce soon to remain on an uptrend mode.

$KGJI broke down some today and price dropped below the $1.85 resistance again.

KGJI_daily

Oh brother!  $1.85 resistance all over again!  Oh well, I’m waiting for the coming earning report to kick start the uptrend.  It will be nice to have this one bounces the way $KNDI did today.

To supplement my gold play ($KGJI), I bought a silver mining company ($SVBL) today. I’ll continue to accumulate as soon as more cash is released from the three days settlement.

SVBL_daily

The above is a monthly chart.  See how price began to turn upward?  Last month green bar was a bullish engulfment pattern. This month price action already took out last month high; therefore, I’m bullish on this one for long-term hold.  I also like the fact that this month is the ONLY month that price action took out the 5 MA line.

Thanks to the gain from $KNDI and $CARA, my port bounced up a notch despite some drops from $MZOR and $KGJI.

Current holdings:

LRAD, SEED, MZOR, CARA, KNDI, KGJI, SVBL, CERS & 10% cash.

From my other account:

$FITX had a fantastic break-out on the chart today.

FITX_daily

Did you see how today big green bar with relatively higher volume took out the downtrend line?  Once $FITX received the license from Health Canada, this is going to be a multi-years hold for me.  At least, this will be my other “$LRAD” play.  I’ve been trading profitably with $LRAD since 1998.  $FITX will become an even bigger game once the production of both medical and industrial cannabis begin.

My 2 cents.

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03-04-2014 Trading Journal

Market staged a spectacular rally after a gap-up.

SPY_daily

Look at the spike up!

$KNDI also followed with its own spike-up as well.

kndi_daily

However, I’m spooked by the narrow range doji formation at the top. Although it has not been confirmed to be one, the doji at the top reminds me of the island top reversal pattern.   Thus, despite my better judgement, I made the difficult decision to sell all my $KNDI shares to lock in profit even though I like this one for long-term.

Another main reason I wanted to lock in profit today is because my port has finally reached a milestone in term of a specific target I’ve dreamt of achieving.  In a manner of speaking, I’ve broken my own “sound barrier” record.  As such, I like to see this new milestone frozen for a few days by locking in my biggest gain so that any temporary correction of $KNDI will not drop my port back below today high.

$MZOR was up slightly but I added some to round up my investment size.

mzor_daily

Price is now banging against the top range of the consolidation.  Let’s see if it can breakout to the upside this week.

$CARA was also up today and it was fighting to stay above $22 all day but failed at the end.

cara_daily

At first, I sold some to lock in profit.  But the more I think of its potential as a pain-killer drug, the more I want to stay in with my trading shares; thus I bought back the shares I sold in the morning plus some before market closed.  Let’s see if this one can continue upward this week.

The rest of my positions provided minimum impact on my port.  Thus, today $KNDI, once again, took my port to a whole new level.  I’m sure I may regret getting out today but I need a rest to enjoy the view for a moment.

Current holdings:

LRAD, MZOR, CARA, SEED, KGJI, SVA and 32% cash.

From my other account:

$FITX fell off the cliff and even I found it disturbing for a moment.  Thanks goodness price bounced back up eventually.

fitx_daily

See how price bounced off the 79 MA line?  Magical!  With such high volume to back up the bounce, the odd of continuing upward is high.

My 2 cents.

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03-03-2014 Trading Journal

Market fell off the cliff today but managed to hang onto to the tree branch dangling above the consolidation range.

SPY_daily

See how price closed back above the range?  I could see a bounce tomorrow.

Meanwhile, thanks to $KNDI and $CARA, my port made new high today.

$KNDI opened lower but bounced back to the surface rather quickly.

kndi_daily

As you can see, the bear tried to push $KNDI down in mid-day but failed; price bounced back up to close near the high of day.  It was a nice looking bullish chart, you would think the general market was up today just by look at $KNDI chart.

My weekend research pointed me to $CARA.  It has a fantastic story of a pain-killer drug that is as strong as a morphine drug but without the opiate addiction side-effect.  Please pardon my pasting an excerpt from a contributor from SeekingAlpha:

The most exciting CARA compound is CR845, which is not a CB-acting drug. CR845 is unique because it acts on pain receptors in the same class as those acted on by morphine but it does not cross the blood-brain barrier, leading to significantly reduced side effects. This molecule is currently in Phase III studies for Post-Operative Pain, and had excellent morphine-sparing effects in Phase II results.

I couldn’t contain my excitement as I learned more about $CARA.  As luck would have it, due to negative market open, $CARA also opened down.  I jumped at the opportunity to build up a position while price was debating whether to go down more or to go back up.  I didn’t care if it would go down more ’cause I wanted to buy more.   As price began to climb back above water, I just kept on buying until I got the amount I wanted.

cara_daily

To my surprise, price began to climb much higher from my entry point during mid-day.  Although price gave back some gain from the high of the day, $CARA closed almost 13% higher for the day.

$SEED also performed admirably in the face of down market.

seed_daily

Price did bounce back from the support as I had predicted.  $SEED looks like it is going to go much higher soon.

Although $LRAD, $MZOR, and $KGJI all corrected a bit today, the gain from $KNDI, $CARA, and $SEED propelled my port to another new high today.

Current holdings:

KNDI, LRAD, MZOR, SEED, CARA, KGJI, SVA and 1.5% cash.

From my other account:

$FITX continued to head south and somehow, I wasn’t concerned at all.

fitx_daily

Notice that price is getting near the 50% retracement area.  Currently, the heat I’m taking is being absorbed by the gain I made from $XTRM earlier before I got into $FITX.  In the back of my head, I somehow know that $FITX will pull through and get the facility build… but that’s just me.

My 2 cents.

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02-28-2014 Trading Journal

The SPY took a tumble after reaching new high but then bounced back to close higher for the week.

SPY_Daily

From the chart, it all looks good.  Today was a pause day with a bias to the upside.

$KNDI took out the $17 resistance and made new high.

KNDI_daily

Although price closed below $17, it opened the door for further $17.xx.  In other words, The resistance was one layer weakened.

Regardless, $KNDI closed strong for the week.

KNDI_daily

See how high the volume was for the week?  While some may focus on how many cars $KNDI might have sold so far, I don’t think this is what drive the price up, I think it is the “potential” of multiple cities adoption of $KNDI car-sharing (vending machine style) programs that will drive the price.  Come March earnings, I believe people will look for the clue on number of cities signing on in the program.   Just take a look at some of the biotech such as $CLDX and $ISIS, look at their market cap compared to the revenues.

$LRAD looked good so far.

LRAD_daily

Despite a rough day fighting off sellers, it ended the day neutral.  Now, $LRAD just needs to take out the resistance @ $2.24 to move higher.

$MZOR closed higher a bit but did took out the upper range of the consolidation during the day.

MZOR_daily

I believe $MZOR will continue to climb from here since the recent earnings result was all good on the revenues increase.  I see more and more surgeons and hospitals adopting this robotic device to provide better efficiency and accuracy in spinal and brain surgery.

$SEED bounced higher but gave back all gain before closing.

seed_daily

The good news is that price still stays above support for now.  I believe traders and investors alike will buy the support for the next leg up.

$SVA was a bit disappointing ’cause price closed negative after breaking out of the consolidating range.

sva_daily

Nevertheless, price is now settling right on the convergence of the 5 and 15 MA lines.  Sometimes, this is a good support here.  Let’s see if price will bounce next week.

$KGJI continued to head south below resistance.

KGJI_daily

Although I’m taking heat, it was small heat.  But still, it was money tied up unproductively.  It hasn’t really gone anywhere even when $NUGT went higher.  I guess I just have to wait for the next $KGJI earnings report to see any big move here- up or down.  I’m voting for up, of course.

Due to a mixed batch of ups and downs on my six stocks in my port, I ended up with a neutral day.  But my port had a strong week that ended in a new high.

Current holdings:

KNDI, LRAD, MZOR, SEED, KGJI, SVA and 5% cash.

From my other account:

$FITX collapse after breaking down below $0.08 that caused panic selling.

FITX_daily

My only thought at that instant was “why didn’t I wait a few more days before adding?”.

See how the daily bar closed with a hammer candlestick?  This can mean a “possible” bottom.  But price needs to close above today high next week to confirm the bottom.

Oh well, by sticking to my discipline of not averaging down, I stayed put.  When I said I was done buying yesterday it meant that I was done scaling in.  Anything purchase after that against a downdraft is considered averaging down.  Thus, I did not buy more today.  Still long and strong and I believe the facility will be completed and the permit will be granted by Health Canada.  Yeap, that is my conviction, right or wrong.

My 2 cents.

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02-27-2014 Trading Journal

Market bent down a bit at the open and then jumped up into the air.  Up and away it went.

SPY_Daily

See how price went down to touch the upper range of the consolidation area (support) and then bounced higher afterward.

With SPY closed at all time high, my port is following the trend by making an all time high as well.

Thanks to the three big upside momentum on $KNDI, $LRAD, and $SEED which contributed to my port making an all time high today despite $CERS putting me one back step yesterday.

$KNDI chart looked much better today compared to the last two neutral days.

KNDI_daily

Although price did not make a new high from the this week, it was still a good green bar with an upward momentum.  We may see a breakout to new high tomorrow if the wind blows higher.

$LRAD made a strong upside reversal after opening on the downside.

LRAD_daily

Volume was also higher than average.  Potentially, there may be more steam behind this rally.  Look forward for this one to move higher.

$SEED finally took out the resistance and closed above it.

seed_daily

Although price fell back from the high of the day, I’m just thrilled that price remained above the resistance which will now be called support.

Both $MZOR and $SVA also moved higher but their dollar value in gain were relatively smaller compared to the three stocks above.

Again, $KGJI did not rally.  I’m beginning to feel that this one is dead money.  But I like to believe when the time comes, it will rise very fast; therefore, patience is required for this one.

Good thing I sold $HALO yesterday since price went down after-hour today due to earning miss.

Current holdings:

KNDI, LRAD, MZOR, SEED, KGJI, SVA and 5% cash.

From my other account:

$FITX sell-off seemed to be slowing down.

FITX_daily

Notice that today was a short range doji bar which could mean a temporary bottom is setting in.  But this bottom needs to be confirmed by a higher bar tomorrow.  Let’s see if it will bounce.

My 2 cents.

Comments »

02-26-2014 Trading Journal

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

SPY_Daily

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

Now look at $KNDI.

KNDI_daily

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.

CERS_daily

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;

atos_daily

and $APRI looking for a breakout against resistance.

APRI_daily.

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.FITX_daily

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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