Today was a two faces market day.

While the $SPY showed a normal neutral day that closed at the support line, Nasdaq was getting beat up in the backyard.

Hey, I was among those getting beat up as well.  I got punched in the stomach and a huge slapped across the face that made me feel like stars were spinning above my head.  I couldn’t see straight when I looked at my portfolio.

All my positions were underwater.  Although I had the good sense to unload more of $HYGS when it traded below $20, it didn’t do much help when the rest of the team were all falling by the wayside.  Being a stubborn man that I can be sometimes, I decided to add a bit more $LRAD near the $3 level.  There is simply too much potential big orders in the cards that I’ve plenty of conviction to buy here with free cash available.  And by doing so, I’m at risk of making $LRAD an oversized and overweighted position in my portfolio.  Such is my confidence in $LRAD.

Chartwise, the only good thing I can see here is that price bounced off the lower band of the Bollinger bands.  Statistically speaking, there is a good chance it may bounce from here.  Bounce or not, I’m comfortable holding $LRAD thru volatility thru the 4th Quarter waiting for news.

I also bought $IBIO to replace $AMRN in the biotech department.

Chartwise, it sure looks like a possible cup and handle breakout coming soon.  Of course, we are suppose to play it AFTER the cup & handle breakout; but I’m more aggressive so I’m buying ahead of the breakout.  I must be crazy to buy when buildings were collapsing around me.  But $IBIO seemed to hold quite well in today price action.

Fundamentally speaking, I like to think of $IBIO being a better cousin of $INO.  Both deal with vaccine technology.  Potentially, there are massive upside as well as downside from dilution.  Take your pick.

After the dust settled, my port took a 4.7% hit and YTD gain is now at 3.3%.  Nevertheless, despite current stormy climate, I still believe I may close the year with a respectable return.

Current holdings:

LRAD, DMRC, ORBC, HYGS, IBIO and 10% cash.

My 2 cents.

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Market finally succumbed to bear pressure and closed down for the day.

Let’s see if the supports of the previous highs will hold.  For the bull to continue to have leg. the supports from the 79 & 89 MA lines must hold.

Today, I was busted on my $AMRN play.  Despite all the high cards in the deck and the high probability of the dealer busting (FDA change of heart), I was still busted.  This can happen and will happen time after time whether you are a Blackjack card counter or a stock investor weighting in all the due diligence.

Although I lost, I only gave back all gain and an acceptable losses.  In other words, the damage was not as bad and it was what I thought it would be if FDA denied.  While I wasn’t happy with the outcome, I would be more upset if FDA said yes and I wasn’t invested.  Thus, $AMRN was a worthy risk that didn’t work out.  Moving on.

Btw, I sold all $AMRN at the open to close the chapter on this investment thesis.  There are too many baggage for $AMRN to carry without the help of the label expansion from the SPA that was denied.  The Reduce-It trial is expensive and the loan is still out there.  Somehow, I’ve got a feeling that the FDA has decided they don’t care about the Reduce-It trial and they want $AMRN to kill it.  The whole point of the original SPA agreement was that it would allow Amarin to fund the Reduce-It trial with the label expansion if the Anchor trial passed.  Perhaps, the FDA wants the BP at the U.S. to buy out Amarin for a song so that all revenues generate will remain at the U.S.A.  We are talking about protectionism at play here.  Why didn’t I see this before?

Oh well.  There is other possibility for Amarin to rise out of its current dilemma by finding a partner of its own choosing instead of being forced to accept the low ball offers from the U.S. BPs.  If Amarin can persist to survive intact to complete the Reduce-It trial, a successful result will propel this company into multi-billion company in an instance.  I’ll definitely keep an eye on this company and be ready to jump back in.

With the free cash after selling $AMRN, I added some $LRAD.  I also added a bit more $ORBC.  The reversal of fortune on $AMRN caused me to review my $HYGS holdings.  I decided to reduce my over-exposed position giving its current mini-downtrend.  I was fortunate to get out at breakeven.

$DMRC corrected some after two days of gains.

 

The above weekly chart shows a green bar at the bottom of the trend. There is a high probability a bounce is in the card.  If it bounces from here, I may add some more with the free cash available.

$ORBC also exhibited a weekly green bar to close the week.

Any positive news on the operational status of the recently launched satellites will give this one nice pop and start an uptrend going.

$LRAD is still meandering around the consolidation area.  Price is still on an uptrend line albeit the angle of the uptrend line has declined slightly.

The slight decline this week has been in low volume.  What prompted me to add more $LRAD today was due to the fact that price did not go down despite a negative general market downturn.  Let’s see if there is news next week to wake this one up again.

$HYGS was still struggling to find its bottom.

Although price is still within the 79 & 89 MA lines, I’m still holding too much position and I didn’t want to risk more drawdown after my port absorbed the $AMRN losses and gave back of gain. Thus, I sold down my position size to about half of original size.  Also notice that price could not climb above the 5 MA line today.

Needless to day, my port gave back a whopping 3.7% for a failed thesis and YTD gain is now at 8%.

Current holdings:

LRAD, DMRC, ORBC, HYGS and 13% cash.

From my other account:

I dumped my $AMRN $2 Jan 2015 call option for a song since I figured something is better than nothing if I continued to hold. Still holding $FITX and $LRAD.

My 2 cents.

 

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While it seemed that the market was down but it really was just a neutral day.

Look at the daily chart above, it was a flat day despite a red bar.

I had three stocks down and two up for the day.

$LRAD continued to correct for the 3rd trading day.

I believe that it will start to bounce off the uptrend line tomorrow.  After hectic weeks of strong upswing, the recent corrections were expected so I’m not concerned.

$DMRC took a beating early in the day but made a gallant came back to reduce the loss before closing.

Now, with a nice long-tail bar formed today, we “may” just see the bottom.  Taking out today high later this week will at least confirm a bounce from here.

$HYGS gave back yesterday gain while $ORBC continued to inch higher.  But the star of the day is, of course, $AMRN.

$AMRN finally broke out of $2 and filled the gap from late January of this year.  This is a significant event for it shows that the sentiment has shifted back to the positive side.  All eyes are on the FDA decision that may come next week if not this week.

Due to getting hit hard on $LRAD and $HYGS but cushioned by gain on $AMRN, my port gave back 1.8%.  YTD gain is now at 13.3%.

Current holdings:

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

From my other account:

I sold $KGJI and bought $CLDX.  Since this is a trading account, I tend to move things around more easily.  Talking about this being a trading account, I’ve yet to kick myself for not taking profit on $LRAD when it went all the way to $3.88.  But hindsight had a way of making a fool out of us; so I’m not going to dwell on it since the long-term prospect is still very good here.

My 2 cents.

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Market started off on the wrong foot but found its way back to the top.

On the daily chart above, you would think the bull roared back from almost falling off the cliff.  But when you look at the weekly chart below, it is just another up week.

And the bull marches on.

Today my port had a close call with three up and two down.

$HYGS, $ORBC, and $AMRN managed to bounce back nicely after starting poorly from the open.

$HYGS ended the week slightly higher than last week close.

Price bounced off the 89 MA support line after touching it this morning is further proof of the magical quality in the 79 & 89 MA lines.

$ORBC also bounced off the long-term support line.

As we approach mid-Sept, price can see $7 in a New York minute when news of full operation of all new satellites is released.

$AMRN closed strong despite the pull from the bear during the week.

Also with a catalyst event in mid-Sept, price may shoot up if FDA reflects a positive attitude toward Vascepa.

$DMRC ended the week on the weak side.

 

Oh well, nothing for me to do but to wait.

While $LRAD was down today, I like the way it came back from the low of the day.

See how price bounced off the 15 MA line and closed near the resistance/support at $3.36?  The way I see it, this rally is far from over.

Thanks to the rally from three stocks, the gains were enough to offset the drawdown from $DMRC and $LRAD to get a breakeven for my port.  Thus, YTD gain remains unchanged at 15.1%.

Current holdings:

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

From my other account:

I sold $KNDI for small losses.  I also picked up some $KGJI at $1.32 looking for a bounce. Because I got the dividend from the main account, I’m willing to give this one another chance over here.

See how today low bounced off the 89 MA line?  This was why I bought $KGJI for the bounce.

Still holding $FITX and $LRAD.

My 2 cents.

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Market traded up first half of the day and then closed underwater to end the day.

It is still too early to call this recent minor corrections a change of trend.  As long as price continue to trade above the 15 MA line, the bull trend is still intact.

Meanwhile, a lot of stocks were trading down.  My port is no exception.

$LRAD gave back some more gain.

Price now traded near the support of $3.36.  It will be interesting to see if this new support can hold.  Nevertheless, while price took out yesterday low, price is still trading above the 5 MA line as well as the new support.  The recent minor uptrend bar has not been violated yet.  Also notice that the volume on the last four trading days increased on a stair step fashion with today volume significantly lower.  This could mean that more new buyers came in than getting out.

$HYGS also corrected.

Since price is still above the 89 MA support line, today correction may be a simple hiccup.

$ORBC finally broke thru the consolidation range but it went the wrong way.

Price is now at long-term support.  Let’s see if it can bounce tomorrow.  We are getting close to mid-Sept when the new satellites are supposed to be in operational mode.  Price may climb back if this prove to be the case.

Today, $DMRC and $AMRN saved the day by closing higher to help offset the losses.

Today Gateway Conference sparked some interest in $DMRC with price closing higher.

If enough new investors like what they saw today, price may begin a slow climb from here.

Renew hope of a positive FDC outcome might be the reason for $AMRN to bounce back up today.

Price bounced directly from the 15 MA line.  When price can bounce from these 5 & 15 MA lines, it usually means the bull trend is very much intact.

Despite positive closes on two stocks, drawdown on two of my largest positions (LRAD and HYGS) were too much to offset. Thus, my port gave back 2.8% with YTD gain at 15.1%.

From my other account:

I bought $KNDI for a bounce.  I’m still holding at today close since the losses are small.  If price doesn’t bounce tomorrow, I may cut losses instead of carrying it over the weekend.

My 2 cents.

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Today a tidal wave of cold water splashed across the private fences and wetted practically everyone on the lawn.

Thus, the jolly mood was ruined for some while others opened their arms to welcome the sudden cold water shock over their whole body.

Not unlike the party-goers above, I’ve got three turning reds while the other twos enjoyed their green lawns.

$LRAD hit the ground running hard.  Price shot up to the high of $3.88 before being hit by the tidal wave.

What we ended up with is a bar with a tall tail on the northside.  I never like this kind of bar for it has the potential to call for a top.  However, this type of bar needs to be confirmed before it can be considered a top.  There has to be lower-low bars following today bar to signify a downward bias.  Until then, the bull trend is still on.  Price can easily trade inside today bar to build another consolidation phase before heading up again.  Let’s see how price trades tomorrow.  While gave back a lot of gain today; $LRAD still managed to keep its head above water despite the tidal wave.

$HYGS also continued to bounce.

Giving today situation, its ability to stay green reflected a bullish stance.

Unfortunately, $DMRC, $ORBC, and $AMRN could not handle the cold splash so they all went negative.

Thanks to $LRAD and $HYGS for being in a good mood, my port gained 0.9% with YTD gain at 17.9%.

Current holdings:

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

From my other account:

Due to tidal wave, I dumped $IBIO for tiny losses.  Still waiting for Health Canada approval for $FITX.

My 2 cents.

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The market was trying hard to correct but decided against it.

It wasn’t really a down day even though it was down most of the day.

Today, I sold $CPST to take small losses ’cause price took out the low of the last five trading days.

And also because the overall price trend is down.  I bought originally looking for a bounce but it didn’t happen even after two announcements of new sales; thus I’ve no choice but to sell when price took out the previous lows.

Another motivation for me to sell $CPST is because I really wanted to add to $ORBC.

My gut feeling, or should I say intuition, tells me that price is going to bounce soon due to the coming operation of the recent launched satellites in mid-September.  Price were flat for the last three weeks instead of trending down which gave a higher probability of bouncing.  Thus, I added to $ORBC with the proceed from $CPST.

For the day, four out of my five positions were up with one at practically breakeven.

$LRAD finally closed above the resistance!

Volume was also much higher than the last five trading days.  This could mean that price has a high probability of staying above the resistance (now support) of $3.36.   Giving the strong upward momentum for the last four weeks, there are a lot of confidence that $LRAD will land a large order among the possible deals I mentioned in my last trading journal.

$HYGS and $DMRC also bounced some today which to me are much better than a down day.

$AMRN was practically neutral even though it was down slightly. There really isn’t much to look at for $AMRN since we are all waiting for the FDA decision.

Thanks to four positions on the upside, my port gained 2.2% with YTD gain at 17%.

Current holdings: (and then there are five…)

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

From my other account:

I bought some $IBIO today to add to the portfolio mix.  Meanwhile, $LRAD continued to advance my port while $FITX remained unmoved while waiting for licensing approval..

My 2 cents.

 

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Following thru from yesterday spectacular recovery, market marched higher despite a wobbly beginning.

From the daily chart, you would think that the market barely survived the bear pull.  Take a look at the weekly chart below:

Now, you can see the bull has always been in charge.  Another weekly up bar.

Today four of my positions were up with two down.

$LRAD continued on its upward momentum after yesterday recovery as expected.

From the daily chart above, you could see that price is now about to break out of an ascending triangle with the long-term resistance of $3.36 as the ceiling.

$LRAD Weekly chart above shows that price has not wavered in its bullish momentum.  Four weekly bar on the up and up.  Fundamentally speaking, there are a lot of explosive revenues growth in the cards (from recent earnings transcript).

• Responded to an RFI from U.S. Coast Guard R&D Center
• U.S. Army put out an “updated” RFI for acoustic hailing devices (original RFI came out in 2010).  Expected to see RFP in early 2015.
• The House has included acoustic hailing devices in the $2 billion budget for NGREA (National Guard Reserve Equipment) funding.
• Mass Notification: anticipating additional orders over the next couple of months (from August) for certain small cities working with the Japanese rep.
• Mass Notification: responded to two large RFPs for two large cities in the Middle East.

Any large order from the above will propel $LRAD to the next level.

$HYGS bounced off from the 89 MA line.

How many times have we seen prices bounce off from the 79 & 89 MA lines?  They are magical since the bounces have happened almost all the times when prices traded near/at/around the 79 & 89 MA lines.

From the weekly chart above, the downdraft has stalled at the 38% Fibonacci retracement level.  The possibility of reversing back to an uptrend is high from here.

While the daily chart of $CPST did not show much movement, the weekly chart below shows a cautious upward movement.

The weekly bar is now trading above the 5 MA line.

On the other hand, $ORBC weekly chart below showed a flat pattern this week.

Although flat, price is still trading above the 5 MA line which is good for developing a base to bounce from.

On the same token, while $AMRN daily chart showed little movement on the last three trading days, the weekly below shows that the bullish upward momentum is still fully intact.

See how the weekly green solid bar moved up from last week doji bar?  Price is very close to breaking out of the $2 resistance.  For those who only see $AMRN’s Vascepa as a “fish oil” pill that is not much different from the over-the-counter fish oil pill, you are missing the big picture by allowing your limited knowledge of the science to dictate your judgement and prejudice.  While the almost pure EPA ingredient in Vascepa may not sound so fancy as compared to the “high” EPA content of the over-the-counter fish oil, the science behind in extracting the pure EPA in Vascepa is in an entirely different order from the science in extracting high EPA in over-the-counter part.

Personally, ever since I’ve started taking Vascepa from over a year ago, my body never feel the need to alert me of my cardio condition. Whereas before I started taking Vascepa, my body had more than multiple occasions alerted me of a possible cardio condition by exhibiting minor pain around my chest and arm.  Could it be the placebo affect?  I like to think it is the Vascepa that actually helps improve my cardio condition.  IMHO, the Japanese Jellis study (that proved pure EPA could reduce cardio-event by 50%) the FDA conveniently ignored was not without its merit.

With Congress hearing requesting the FDA to explain the justification of rescinding $AMRN SPA agreement and the recent studies that people with genetic characteristic of low triglyceride exhibited lower cardio-event, I don’t see how FDA can keep on pounding $AMRN to oblivion in front of the limelight.  All in all, I’m very bullish in $AMRN and is going to hold my position into the FDA decision.

$DMRC continued to struggle to stay relevant.

 

Due to lack of news, the shorts were having an easy time walking this one down.  My position is bleeding but my believe in $DMRC disruptive Digimarc technology has not wavered.  So I’m still holding.

Thanks to gain from $LRAD and $HYGS, my port gained back 2.3% today with YTD gain at 14.8%.

Current holdings:

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

From my other account:

$FITX ended the week higher than the last 12 weeks.

While there was a long tail at the upper-end of the weekly bar, it is still bullish to me.  I believe Health Canada will approve the license.

To me, although the number of shares in the float is ridiculously high, $FITX is the only cannabis company that has a group of impressive scientists and board members on board.  In other words, once the cannabis market really takes off with more legalized States in the cards, $FITX has a good chance of making it big.

My 2 cents.

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Market tripped and fell into the hole; however, it quickly dragged itself back up the surface.

It was a respectful counter-attack by the bull against bear.

These days, fuel cell business is losing the respect.  $HYGS continued to get pounded; day after day its big brother Commscope Inc. was dumping shares.  This caused a whole lot of other folks to dump along.  Did Commscope know something we don’t know, “Sell! Sell!” became the motto for quite a few folks.  But when you take a closer look at the number of shares Commscope was selling, it was relatively small volume compared to the millions of shares they are holding.  And it was small volume compared to the daily volume as well.  Apparently, the shorts found a great opportunity to take advantage of the “insider selling” and pressed the short side for all its worth.

Meanwhile, I was saying to myself, “there goes my unrealized profit…” almost every single day this week.  And all this because I pledged to hold for long-term.  Yeap, nobody ever said holding long-term is easy.  It’s really isn’t.  Sometimes we have to see profit disappear and then reappear over a period of times.  The volatility will drive the most hardened men into a soft gentleman because he realized that he was never in control of anything.  And the only way to keep the faith is to accept the volatility and flow with the vision that the science you bought into is going to play a major role in the near future world.

Good news is that price is now at the 89 MA support line.

Did you see the ABC three-wave pattern where length of wave A is the same as wave C?  I believe $HYGS will bounce tomorrow or next week.

$LRAD staged a fantastic come-back after being down to near $3 part of the day.

A long tail with a green solid bar holds a high probability of continuing the uptrend tomorrow.

$DMRC, $CPST, $ORBC continued to meandering around with nothing to show for the day.

Oh, by the way, I finally received the dividend from Kingold.  Nevertheless, the retraction of its dividend on July 31st still left a bad taste in my mouth.

On the other hand, the dividend came in handy to help me offset drawdown from $HYGS. My port only gave back 0.5%.  YTD gain is now at 12.5%.

Current holdings:

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

From my other account:

Still waiting for HC approval news for $FITX to spike.  $LRAD is doing fine.

My 2 cents.

 

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After a pause, the market got up and just keep on walking up…

The recent mini-bull trend from the 79 & 89 MA lines is quite strong and it goes straight up and stay above the 5 MA line.

From my end, four stocks went up with one down and one neutral.

$LRAD shot back up after a needed two day rest (corrections).

This time, price broke thru the resistance of $3.36 and reached the high of $3.45 before closing below the resistance.  It was close.  I believe price will close above the $3.36 resistance this week.

$HYGS made a nice bounce from the support.

Let’s see if price can take out the previous high of $25.88 this week.

$CPST made a good showing by closing at the high of the consolidation range.

You can see that the 5 MA is about to cross over the 15 MA line.  Look like price is ready to move up to the $1.40 level.

$DMRC took in water and dropped back down with $AMRN and $ORBC being in neutral ground.

Thanks to $LRAD, my port gained 3.8% today and YTD gain is now at 16.4%.

Current holdings:

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

From my other account:

With $LRAD up 8.88% today, fortune is sure to follow with all the 8s in the percentage.number.

Almost forgot, I bought some $FITX today since the chart looks like it is going to bounce soon.

My 2 cents.

 

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