From the last time I posted on $LRAD, price action has since retraced and later regained its momentum.  With more and more orders from domestic and overseas coming in recently, the $LRAD’s technology is being validated continuously.

$LRAD is now my largest position in my portfolio and I’ve no intention to take profit any time soon.  I see $LRAD is just getting started.

Below is the daily chart showing the breakout:

Below is the weekly chart showing that today price action is the breakout of a consolidation of over a year since May of last year.

There are three targets to hit after the breakout:

• -Target 1 @ $1.78
• -Target 2 @ $2.12
• -Target 3 @ $3.36

I like to see them all hit before year-end.

My 2 cents.

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For those who has followed my blog, you know that $LRAD is my second largest position in my portfolio.  After months of waiting, I believe my patience is finally paying off.

Today price action reflect a big up day with high volume.  Since I’m holding this for long term, I like to think that today action is just the beginning.  Future catalysts for more higher prices can be the “winning” of contract order from US Army, foreign sales to China (don’t you think China will need this technology to address their massive population?) and other countries who will soon find usefulness for LRAD technology.

The multi-charts below give you a better feel for the overall picture.

My 2 cents.

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