After an initial dip into the water, the bull marched back up the hill with the hill top within sight.

The uptrend is quite convincing at this point.  Price is approaching the recent high and we may even make new high next week if the momentum continues.

I made a new trade today by adding $STV with a starter position to my port..  I’m expecting a rally from here to mid-Nov before earning report.

Price “tried” to rally but frizzled out.  Since it is still supported by the 89 MA line, I like to see it rally next week.

$DMRC continued to impress by closing positive again.

I see more positive development going into November.  Digimarc will be showing their Mobile Payment Solution at the Money 20/20 Conference in Las Vegas next week.  Let’s see if they can make a splash with their technology.  Any positive acceptance to their mobile solution will add another major revenue stream alongside their Digimarc barcode system.  This will create a significant upside in price movement for $DMRC.  Of course, there are a lot of “IF” here and there.  But I’ve my chips on the table for the bet.

$LRAD did not partake into today general market rally.  It corrected a bit instead.

There is really nothing to do but wait for earning report and news on the Middle East mass notification sales.

$ORBC had an impressive come back after an initial drop at the open.  Due to my strong conviction, the morning drop did not faze me.  I wished I could say the same for $GALE which obviously rallied on after shaking me out.

Price has now reached back to the 79 & 89 MA lines.  Perhaps tomorrow or next week, it will rally on ahead to $7.

Due to $LRAD correction, gains from $DMRC and $ORBC were reduced to only 0.4% for the day.  YTD gain is now at 11.1%.

Current holdings:

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

From my other account:

$MCIG finally bounced today as I’d expected.

I like to see price bounces from here.

My 2 cents.

Comments »

After getting out of the mud, the bull jumped into the river and swam pass the 79 & 89 markers into the bull territory.  The bull has come back home.

Price has convincingly crossed the 79 & 89 MA lines to the upside which is a strong bullish sign.

Today, I bought back $AMRN, $NUGT, and $GALE.

I like $GALE here due to a possible breakout pattern from the daily chart.

From the chart, you can see that price has broken out of the $2 resistance today. I’m sensing a momentum coming to take the price higher.  It is possible we may see $2.5 and $3 in the near future.  However, the potential upside is very depending on the upcoming earnings report on November 3rd.  I’m going to do some research to determine if I want to hold this one thru earnings.

I bought back $AMRN expecting a bounce.  I’m also committed to have some position in this stock just in case of any positive catalyst to pop this one back up.  And I want to be in the stock when it happens.  I’ve invested too much time, money, and heart-break to see this one take off without me.  So, even though I might have sold to cut losses, I’ll always find a point to buy back.

$NUGT is a stock that I’m trying to catch the bottom by jumping in and out to avoid getting suck into the black hole.  I do not want to forget it and then one day see it takes off like a rocket without me on board.  I don’t mind the multiple small losses I’m racking up ’cause once I’ve caught the bottom, this one will bring in more $ than the small losses I’m taking now.

$DMRC continued to march ahead.  The shorts had its fun so now it is the bull’s turn to drive the price higher.  This uptrend reminds me of the January uptrend which started from $20 and moved all the way to $36 without much of a correction.  Could $DMRC repeat this feat and beat the January price range by making new high?

With more retailers joining the Digimarc barcode system, price could simply keep going up without stopping.  If their mobile payment solution has any leg, watch out.  This one can become huge.  Perhaps, it will make up for my missing the $LNG trade.

$LRAD is moving cautiously.

At least, it is moving in the right direction.

$ORBC finally got some good news to halt the falling price.  Today it announced win of 16,000 units order from one of the nation’s largest retail fleet.  I believe this is just the beginning of a migration.  With the eleven new state-of-the-art satellites to be launched soon, more and more businesses will sign up is my take of it.

Finally a green bar to stop the falling reds.

Almost forgot to mention that I sold $XONE near $25 to lock in gain ’cause of its potential resistance at $25ish.

Thanks to $DMRC and $LRAD (my two largest position), my port gained another 2.3% today with YTD gain at 11.4%.

Current holdings:

LRAD, DMRC, ORBC, GALE, AMRN, NUGT and 5% cash.

From my other account:

Still holding $MCIG despite another down day…

My 2 cents.

 

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Today was a stuck-in-mud day for the bull.

The good news is that price is still inside the 79 & 89 MA lines and above the 5 MA line.   There is still no sign of the bear nearby despite being stuck.

Today, only one turned red in my port.  I also bought a starter position on $XONE.  I’d been eyeing this one for awhile and decided today would be the good day to go in.

Price was barely above the 5 MA line when I bought and I like the fact that price was staying above the 5 MA line during the morning time when the market was in negative territory.  It was a good buy since my position is in solid green by closing bell.

$DMRC continued to march ahead.

After an initial dip, buyers came back in to drive the price back up.  Just as easy as the short had walked the price down, the bull is walking the price back up.

$LRAD spent the day maintaining its range above the 79 & 89 MA lines while waiting for the coming earnings result.

While price hasn’t shot up yet, everything in the chart tells me something is about to happen soon.

$ORBC continued to disappoint by having another down day.

I’m curious about the coming earning result. Did they pick up more customers from the new six satellites they recently launched?  We will have to wait and see; but I’m confident the fundamental behind $ORBC will be in solid ground in 2015 and beyond.

Thanks to $DMRC continuing strong rally, my port gained another 0.6% today with YTD gain at 9.1%.

Current holdings:

LRAD, DMRC, ORBC, XONE and 13.9% cash.

From my other account:

$MCIG had a correction today.

I’m still holding ’cause I like the fundamental behind Vitacig.

My 2 cents.

Comments »

“Bear market?  What bear market?”

And the bull kept on going, going, and going.  The above is the weekly chart. A very powerful green bar coming off the high volume hammer-like candlestick from previous week.  It isn’t that far from previous high, you know.

Today was a learn to trust your “instinct” lesson in the disguise of the $AMRN trade.  Early this week, I sold my whole position of $AMRN for a gain (instinct) and watched the price spiked back up to $1.10 before price settled back down.  Seeing that price wanted to go up, I was anxious (lesson: anxious is definitely NOT instinct) to buy it back the next day (which was yesterday). Seeing that price was holding at $1.05 at the open and that there a large bid supporting the price, I added some more this morning.  Then I went on my merry way.

“Whoa!” was all I could muster when I came back to look at the price after being away for awhile.  Price was printing $0.97 cents when I checked on $AMRN.  Without hesitation, I immediately liquidated my entire positions to cut losses.  The daily chart looked ugly:

As you could see, price cut thru the support of the whole week (new low for the week) and the volume was very high.  Somebody knew something and was dumping en mass.  If there is follow-thru next week with a new low, this could get even more ugly.  I’m going to see how low this will go before picking bottom.

Asides from cutting losses with $AMRN, I again went back in $NUGT but with a smaller position.  This time I decided to do away with the hard stop and opted for a mental stop.  The smaller shares allow more room for this stock to fluctuate around.  By closing bell, I’m still at breakeven from this morning entry.

Meanwhile, $DMRC continued to march ahead.

The weekly bar above reflected a turning point.  What I like about the chart is that price is now on top of 79 & 89 MA lines.  Looking back to January, you could see four consecutive up bar after the 1st up bar.  Will $DMRC repeat this pattern?

$LRAD, while it did not have the same “punch-out” pattern of $DMRC’s weekly bars, it showed a resiliency to hold the fort.

At least, it was a green bar above the middle of the Andrew Pitchfork line which could be a preparation for a coming bounce.

$ORBC is an example of what I prefer not to see.

It is a weekly red bar that showed it gave back gain from last week. However, the good news is that price is still above the 79 & 89 MA lines.

Due to losses from $AMRN, the gain to my port for the day was reduced to 0.2% despite a good showing with $DMRC rally.  YTD gain is now at 8.5%.

Current holdings:

LRAD, DMRC, ORBC, NUGT and 14.7% cash.

From my other account:

$MCIG weekly chart showed that it is holding steady here.

In other words, price is still basing here and have not made any move to the upside yet.

My 2 cents.

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The bear didn’t have a chance.  The bull simply dragged the bear along in its pursue of height.

The above is the weekly chart.  See how it ended the week escaping the tan rectangular box?  While it didn’t close above the box, it was definitely good enough to call it a win for the bull.

While the market was up, my port had a minor correction which was to be expected after it had defied gravity for most of the week.

I sold $KNDI in the morning when I still had profit to take.  I didn’t like the high open and then a sell-off afterward.  I also bought some $NUGT for bottom-fishing with a GTC hard stop below the lower bollinger band from the daily chart.  I wasn’t stop out by day close.

$LRAD and $AMRN were even for the day with $DMRC, $ORBC, $INFN, and $NUGT closing in the negative territory.

Below are the weekly chart which show more bullish tone except for $AMRN and $NUGT which are more on the fences.

$LRAD weekly chart below::

I like the fact that price closed above the middle line of the long-range Andrew’s Pitchfork (purple lines).

$DMRC weekly chart below:

This week bar completely recovered from last week red bar. Now it just needs to get over the 79 & 89 MA lines to begin the bull move.

$ORBC weekly chart below:

It was a strong green bar above the 79 & 89 MA lines.  Breaking out of $7 resistance will be the next target.

$INFN weekly chart below:

While I was late going in, this weekly bar looks strong for continuing upward momentum.  Price is also above the 79 & 89 MA lines.

$AMRN weekly chart below:

Price was neutral at the bottom.  Price needs to stay above $1 for survival sake.

$NUGT weekly chart below:

What more can I say, it is a catch-the-falling-knife play with a hard stop.  The reason why I decided to play this one is because of last week “almost” doji bar. It could mean a possible bottom. If it bounces from here, I’ll be OK; if not, I’ll be stopped out for sure.

Due to some minor corrections from $DMRC and $ORBC, my port gave back 1.2% for the day with YTD gain at 5.39%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT and 3.6% cash.

I noticed that $IBIO went higher today to close above $3.  While I did not take the trade, I’m happy for those who is sitting on profit.  I’m quite content with the money I made off from $IBIO and was “relieved” to be free from it.  To get back in will cause me to stress out about giving back gain I’ve made.  $IBIO is currently floating on air based on nothing more than their IP portfolio.  Any news of containment of the Ebola over the weekend will cause a gapped down situation in Monday morning.  I for one will certainly wish that this deadly Ebola will be contained over the weekend.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

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The greedy bear made one last pull and took the bull down at the open; but the bull had enough of the BS and climbed back up with such brute force that the bear could not stop the advance no matter how hard it tried.

Price climbed back up in the middle of the tan area which was good.  It also didn’t take out yesterday low which was double-good.  Now, the bull is set up to move higher; but it needs to take out today and yesterday high first.

Today, all positions on board are in green.  I dropped $CERS and bought $INFN and $KNDI.  I also added to $AMRN.

$LRAD finally made a small bounce.  At this point, any bounce is good.

Price did take out yesterday high so I believe we may see a bottom here.

$DMRC continued to surge ahead.

Price is now touching the 79 & 89 MA lines which are also converging into one.  I believe price will simply walk pass this magical lines tomorrow and rally hard in anticipating of next week earnings call.

$ORBC, like $DMRC, has been rallying hard this week despite general market turmoil.

Price is now gunning for $7 resistance.

$AMRN finally broke out of $1 resistance!

I’m glad I added more in the morning.  As you can see in the chart, price is forming a smooth slow curve heading back up.  It will probably be a slow grinding up from here.

I bought $INFN today for the bounce up. I had bought $INFN in the past but got out too early and missed the rise to $11+ from my 9ish entry point.  Now, I see an opportunity to get back in.

Price continued to bounce off the 79 & 89 MA lines.

$KNDI bounced hard after opening lower.

Seeing price took out the opening range, I decided to buy some shares to see if this has leg.

Thanks to all six stocks going up, my port gained 2.4% today and YTD gain at 6.6%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, KNDI and 2.8% cash.

From my other account:

With DOW opened negative and $KNDI opened lower, I decided to close $KNDI position while I still had some gain left.  Turned out it was not a good move hindsightwise.  However, this mishap was more than offset by my “another” fortune of $IBIO gapping up after I got in yesterday at $1.30+.  Without hesitation, I sold at the open to lock in gain once again.  Although I did not buy as much as before, i still enjoyed the gain.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

Comments »

The bull, apparently suffered from vertigo, fell over backward and then rolled down the hill.  After vomiting out yesterday’s digestion due to the spinning sensation, it felt a bit better and was able to crawl back up some.

It was an ugly day but yet a redeeming one as well.  The price stayed inside the tan rectangular box and was a green bar that reflected the tenacity of the bull.  There may still be hope for the bull.

I’d another fortunate day.  While $LRAD went down quite heavy in the day, it managed to come back to minimize the damage.

That was a very nice long-tail doji with price closing very near the 79 MA.  If price can take out the high of today bar, it will be a very powerful bullish reversal signal.  In other words, $LRAD may find its bottom today.

Meanwhile, three of my other stocks closed higher for the day despite a down market.

$ORBC had a spectacular price momentum today.  You would think that there were no large market down day just by looking at $ORBC daily chart.

Price obviously cut thru the 79 & 89 MA lines like hot knife thru butter. Imagine where price will go when the general market begins the bull run again.  Something is cooking at $ORBC and I don’t know what it is.  But I don’t mind it ’cause I’m always bullish with their brand new state-of-the-art M2M satellites they have launched with more to launch by year-end.

$DMRC continued on higher which was quite a performance in a down day considered it was a low float stock that was easy to be manipulated.

As you can see, price is approaching the 79 & 89 MA lines.

$CERS is finding its footing giving current virus and baterial infectious climate.

Price actually filled the gap and bounced back up which is a good sign for the bull.

$AMRN was the second stock that was closed negative; but it was a small dip so I’m not going to put a chart on it.

Thanks to stellar performance from $ORBC and $DMRC, the gains were more than enough to offset $LRAD’s drawdown to still bring my port up by 0.5% higher.  YTD gain is now at 4.2%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.3% cash.

From my other account, I bought back a small (10% of original size) number of $IBIO for the bounce.  I also bought some $KNDI to test the water.  Both are in the black after closing bell.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

Comments »

The market really tried hard to rally; unfortunately, it went out of mojo to maintain altitude.

While price gave back most of the gain during the day, it at least closed higher.

Today, four out of five went up.  It was $LRAD that closed negative.

Nevertheless, price is finding support at the 79 & 89 MA lines.

$DMRC continued to head higher in anticipating of next week earning conference call.  Will the big retailers’ name be revealed?  Do they like the Digimarc barcode?

If price can take out the 79 & 89 MA lines to the upside, we are heading higher.  And if there are positive news regarding the big retailers, we will see a rocket launch soon due to the fact that $DMRC has a super small float of only 6+ million shares.

$ORBC also had a good day with strong momentum behind it.

Price broke out of its tight consolidation and approached the 79 & 89 MA lines to the touching point. Will it simply walk over the lines tomorrow?

$CERS had a spike up day.

Price is now on top of the 79 & 89 MA lines.  If it can find support on these two lines, it will be in good shape.

Thanks to four stocks being up, my port, after offsetting $LRAD drawdown, still came out with a 1.4% gain for the day.  YTD gain is now at 3.7%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.3% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

Comments »

The bear wasn’t done yet and the bull could not climb against a slippery slope.

Nevertheless the bull may have a resting place to pause and possibly to bounce as well.  Notice that price today closed right at the August low which is now a support or a double-bottom.  There is a 50/50 the bull may bounce next week.

With fortune blessing, I’d a good day today.  It all started with my attention on $IBIO yesterday.  A small voice in the back of my head said, “Hey, load back $IBIO at 70 cents with the cash you got from selling $KNDI and $CERS.”

But I wasn’t ready to load up on a hi-beta biotech stock in the middle of a down day when my port was getting hammered.  So I passed.  But when I noticed that $IBIO opened higher (> 90 cents) this morning, I checked for news and there were none.  Then I checked for the latest Ebola news to see if this virus had been contained.  It is not.  The guy in Texas died.

“Somebody knows something?” I thought to myself.

I waited a minute or two after the open to see if price would sell back down below 90 cents.  Nope.  Then price started to move to 95, 96, 97 in succession.

That is!  I’m going in.

I started buying ’cause my intuition told me price was going to break out $1 very soon.  Resistance developed around 99 cents but I didn’t care, I just kept buying to build my position up.  After I built up to 50% of my original size.  I stopped.  I thought of adding since I still had plenty of cash left.  Then my cautious side told me to spread it to other biotech such as $CERS and $AMRN.  $CERS was bouncing in the morning so I bought back what I sold.  $AMRN was holding strong at 99 cents to a dollar so I checked the script number for the week.  It was up so I bought back in at a dollar.  If script number can climb over 10,000 per week soon, $AMRN at a dollar is a steal.

$IBIO busted out over $1 after I bought what I needed.  It went as high as $1.16 before falling back down to my entry point.

“Get out at breakeven?” I asked myself.

“Nah, hold on.  Remember this is a cash account, once you get out, you can’t jump back in until a few days later.”

“Ok then. Let’s hold a bit longer,”

Then I got busy with other non-trading business.  Lucky thing I did ’cause price went back above $1 and then fell back down to $1 for the 2nd time in the afternoon.  If I was watching, I might be tempted to get out at breakeven giving the general market was fighting to stay positive at the same time.

When I finally get back to watching the market an hour before the closing bell.  I couldn’t believe my eyes.  $IBIO was climbing  and climbing.  By the time it started to correct after trading to the high of $1.39, I was very tempted to sell some to lock in profit.  My finger was at the mouse button ready to push.  Seeing that the general market was literally falling apart, I clicked the mouse button and 50% of my position I bought this morning was let go.  And so I thought I did good.

“Holly Molly!”

Price began to climb again.

I looked at $CERS and it was down.  “Darn, if I bought more $IBIO instead of $CERS, that would be very nice…”

Yeap, like everyone, sometimes I did get infected with the hindsight bug as well.  “Could’ve, should’ve” started invading my mind.  I reminded myself that I was lucky to have the other 50% which represents 25% of my original position.  Meanwhile, all the time, I was mindful that $LRAD was trading in the positive territory most of the day.  I gave my thanks for a fortunate day while partly ignorant that the Nasdaq dropped like a rock to end the week since I was so focused on the after hour trading of $IBIO which traded to a high of $1.91.  Wow!

I’m posting the weekly chart of $IBIO ’cause this is the only way to appreciate the magnitude of the move today.  “If I could be holding my original size all the way…”  Oop! The hindsight bug struck again.  In retrospect, I did what I had to do giving the overall market sentiment.  I already had three long-term hold so locking in profit on a hi-beta biotech stock was the proper thing to do.  Moving on.

I’m thankful for the $LRAD bounce today.

See how price actually bounced off the 79 & 89 MA lines?

Giving the severeness of Nasdaq drop today, $ORBC actually was holding well despite being a negative for the day.

Per the weekly chart, price was holding well on the 79 & 89 MA lines.

Although $DMRC was down today, it did not make new low like a lot of tech stocks out there.

From the weekly chart above, you can see that price only gave back some of last week gain.  The action of $IBIO reminds me that as long as the stock has a strong binary event that if positive can move price the way $IBIO did today.  I’ve the conviction and confidence that the big retailers will adopt the Digimarc barcode system simply because of the efficiency factor.  If that positive decision is to materialize, $DMRC will move the way $IBIO did today; perhaps even more stronger.

$CERS was a bad trade today and I should have cut the losses when it didn’t bounce.  I’m going to see what happen on Monday before deciding what to do with it.

Thanks to stellar gain on $IBIO and the bounce from $LRAD, my port gained back 2.9% which put my YTD gain at 0.1%.  In other words, I’m back to breakeven.   Btw, this calculation did not account for after hour gain on $IBIO.

Current holdings:

LRAD, DMRC, ORBC, IBIO, CERS, AMRN and 4% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

Comments »

The market took a V-shape bounce and confirmed a bullish hammer reversal candlestick pattern.

The good news is that price is now back above both the 89 MA line and the 5 MA line.  Next week will determine if this bounce can put the bull back in charge.  In other words, today price action has put the bull back in even ground against the bear.  It is now 50/50 for either direction from a short-term perspective.  From a long-term perspective, the bull is still in charge as shown in the weekly chart below:

The long-tail doji reflected a pattern of “pausing” if you looked at the previous weekly bars on chart.  Thus, I say the probability of a continuing bull move up is high.

Today, $LRAD made up for yesterday’s lack of movement.

As you can see, price is now above both the 5 and 15 MA lines with the 5 in the process of crossing over the 15.  This is very bullish.  If price can move over $3 next week, price may test the previous high of $3.88.  The weekly chart below shows a even more favorable odd of a continuing bounce.

Notice price bounce off the  weekly 15 MA line.

$DMRC was able to hold its gain from yesterday.  It was a worthy battle b/w the bull and the bear and the volume reflected it.

Price needs to move above the 79 & 89 MA lines soon to get back on the bull side.  Meanwhile the weekly chart shows a beautiful bullish engulfment candlestick bar that reflected a strong tendency to bounce from here.

Perhaps, next week it will take out the 79 & 89 MA lines.

$ORBC, like $DMRC, was able to fight off the bear to hold the gain from yesterday.

Price still need to work hard to get back above the 79 & 89 MA lines to maintain a strong bullish outlook.  Giving the confirmation of a bullish hammer reversal pattern here, I say the probability of a continuing bounce is good.  The weekly chart below reflected the determination of the bull to get back on track.

See how price is now back on top of the 79 & 89 MA lines; based on the magical quality of these two MA lines, $ORBC is going to bounce from here.

$IBIO was also able to fight off the bear and closed higher.

Price is now looking like a potential double-top.  Not necessarily a good sign; however, if you look at the weekly chart below, price definitely look like it is going to take out the January high of 0.85 soon.

See how the weekly bar closed much higher than the 89 MA line?  Notice how all the weekly MA lines are either in the process of pointing up or already pointing up. We may see price trading over $1 soon.

As you can see from the daily charts above, all four of my positions were up today.  My port gained back another whopping 4.2% with YTD gain at 4.2%.

Current holdings:

LRAD, DMRC, ORBC, IBIO and 5.5% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

Comments »