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Tag Archives: $NVLX

06-03-2014 Trading Journal

I’m amazed at the resiliency of the bull in the SP500.

SPY_Daily

While it was slightly down for the day, the bull possessed strength that the bear couldn’t overcome to make the market drop like a stone.

I bought back $AMRN for the bounce when price started to move up from the low of the day.

AMRN_daily

Price climbed back up to stay green after creating a lower low bar for the day.  Let’s see if the momentum will continue tomorrow on the upside.

Next, I bought $INO for the bounce.

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Price looked like it was bouncing so I bought despite the fact that $INO will be doing a reverse split by end of the week on a 4 to 1 basis.

I think by doing a reverse split, management cover themselves by setting up a base level for the price to react to the coming Phase 2 result. If Phase 2 result is positive, the high price from the reverse split will allow fund managers to buy immediately to join the bandwagon.  And if Phase 2 result is less than expected, price still has a long way before it will drop below $1.00.  Thus, I’m betting on the side of positive result.

Due to corrections from $LRAD and $DMRC, the losses more than offset the gains from $BIOS.  My port gave back 0.50% today.  YTD gain is now 3.5%.

Current holdings:

LRAD, DMRC, BIOS, KGJI, SEED, INO, AMRN and 9% cash.

From my other account:

$NVLX is holding well so far.

NVLX_daily

Price is only a stone throw from breaking out of the downtrend line to head back up.

My 2 cents.

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06-02-2014 Trading Journal

The market decided to start June with an up day despite the pressure from the Bear to bring it back down.

SPY_Daily

I said the bull won the battle today once again.

While the bull won the SP500, my port lost the battle today.

$DMRC took a hit again which I’ve no choice but to stick with the drawdown.  I’m holding $DMRC for the event play.

What event?

Well, I’m waiting for $DMRC to announce some retailers’ adoption of the Digimarc UPC code format.  While I don’t know if the new format will be adopted at all, all I know is that I’m betting that it will.  While I stand to lose quite a bit of dough if it is not adopted, the reward of being adopted will be mind-blowing.

It was a good thing $LRAD closed back at neutral after being down all day; otherwise, my port would have taken a much bigger hit.

I also sold $AMRN to cut losses in the morning when price failed to hold above $1.40.

Due to correction from $DMRC, $KGJI and $AMRN, my port gave back 1.1%.  YTD gain is now 4%.

Current holdings:

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

From my other account:

$NVLX bounced back up today.

NVLX_daily

I like the fact that the 5 MA line is hooking back up.  Momentum indicators at the bottom are also coming back up from below.

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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