Market continued higher but is now trading against the resistance from previous high.

Can it make new high again or will it trade back down?  Stay tune for tomorrow.

Despite higher market, my port continued to get hit by correction. Only $LRAD was able to stay up for the day.

$DMRC is still trading at the support level. 

News was out that $DMRC will release 2nd qtr earning next Wednesday and a conference call is scheduled for the same day as well.  The moment of truth will be my doing or undoing next Wednesday.  Reading between the fine lines on the news:

“…and provide an update on market conditions and execution of strategy”

So there is an “execution of strategy” in motion.  I like the sound of that.  Am I grasping at straw here?  Maybe or maybe not.  Next Wednesday will be judgement day.

$ORBC tried to hit resistance and failed once again.

From the chart, price is still following the uptrend line. Notice the volume was lower today compared to yesterday.

$STV is still trading near the support.

While it was down slightly, I still hold strong conviction on this one.  Perhaps, I need $STV to replace $KNDI as the rising star.  Missing $KNDI recent run is like missing the bus.  There is always another one coming.  It can be one or several of my seven stocks in my port.

Although $HYGS is down today, it is still above the uptrend line.

Let’s see if the uptrend line can be a good support.

Thanks to $LRAD up day, it helped cushion the loss on my port to 0.5%.  YTD losses is now -2.7%.

Current holdings:

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

From my other account:

$FITX gave back much of the gain from yesterday.  Oh well,..

My 2 cents.

 

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So we have a minor dip today at the market.

Price closed above the 5 & 15 MA lines which is still bullish.

As for me, my conviction is being tested with a heavy drawdown from $DMRC.

Price traded to the support at $28.5x level.  Let’s see if this support will hold.  Somehow, despite today bloodbath with low volume, I’m not too concerned with the price action.  I’m just going to hold this one until I hear news one way or the other.

Today, I started a new position on $HYGS.  I like the prospect of hydrogen fuel cell being the “ideal” power backup for data center.  This news article, CommScope Partners with Hydrogenics to Provide Indoor Backup Power Solution for Data Centers, is what sold me on the merit of $HYGS.  When you think of data center, what come to your mind?  Does Google, Amazon, Facebook, or IBM ring a bell?

See how the price is trending up?  Pretty soon, I expect price to climb above the 79 & 89 MA lines. Nevertheless, the 79 & 89 MA lines are where the $19.3x wall of resistance is located.  To break out of that resistance,  $HYGS needs to get one of the brand names mentioned above to take up its backup power solution.  $HYGS had recently done a secondary offering in May which explained the drop from $20 in mid-May.  With the secondary out of the way, let’s see if this one can climb back up to former glory by doing business with the big guys. Btw, I sold all my $NMRX position to buy $HYGS.  Since I already have $ORBC, I don’t need $NMRX.  I also scaled down $AMRN to buy more $HYGS.

$STV took a dip after the open but bounced back up nicely.

See the long-tail candlestick bar here?  If price takes out today high tomorrow, we may be on for a good bounce.

$ORBC couldn’t overcome the resistance and fell back down below.

I’m not worried about this one at all.  I’ve strong conviction on this one simply because they just have six brand new satellites up in space with eleven more to go by the end of the year.

Basically, all my positions took in water today which set me back 3%.  YTD loss is now at 2.2%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN and 3% cash.

From my other account:

$FITX was the only stock that went up for me today.

Good thing I added more yesterday.

My 2 cents.

 

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Market “popped” higher at the open and stayed up all day without giving back much gain.

Let’s see if this momentum will continue this week.

The good news, at least for me, for the day is that SpaceX has successfully launched the six OG2 satellites for $ORBC this morning.  $ORBC will have eleven more satellites to launch by end of 4th quarter.

Price bumped against the resistance from April 3rd at $7. Nevertheless, I can see price continues to climb from here. As far as I’m concerned, $ORBC has the most advanced satellites that support the growing M2M (machine to machine) technology. As being the first one to control the space with advanced satellites, I look forward to see $ORBC gains more new businesses as a result.  I’m planning to hold this one for long-term.  This could make up for the $LNG I missed out years ago.

$DMRC bounced some today but the gain was offset by a correction from $LRAD.  $STV corrected a bit today but I’m not going to worry about this one unless the support at $4.2x is being tested.

Thanks to $ORBC, $NMRX and $AMRN bounces, it was enough to offset losses from $CERS and $STV to allow my port to gain 0.2% for the day.  YTD gain is now 0.8%.  I know, I know, these small % gain is as boring as the interest you earn from your money market; however, I’m looking for the “POP” in any one of my stocks that will make my day.

Case in point, $KNDI spiked 26% today due to news of a fantastic 2nd quarter.  Nope, I wasn’t in it so I didn’t participate in its gain.  Was I upset?  Not too much since I did not have the conviction to go back into $KNDI.  I honestly did not believe they could sell that many EV in the 2nd quarter.  The fact that they did surprised me. For those who have the conviction, they deserve today big gain.  Now, I’m exercising patience so that one day, one of my eight stocks will explode the way $KNDI did today.  While I didn’t make money with $KNDI today, I look forward to making more with one or several of my stocks below:

Current holdings:

LRAD, DMRC, ORBC, STV, KGJI, AMRN, NMRX, CERS (100% invested/speculated).

From my other account:

I added more $FITX today ’cause of the continued bounce instead of a correction from Friday up day.

My 2 cents.

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After yesterday recovering bar, I was not surprised that market closed green today.

Price now closed above the 15 MA line. Looking good for a continuing bounce next week.

Today, I juggled my port a bit to make room for two new stocks: $STV and good old $CERS.

After watching the China Digital TV webcast presentation from Deutsche Bank, I’m getting an impression that this could be my next $KNDI.  I’d bought $KNDI from between $5 – $6 and rode it to $18.50 to lock in gain.  Only this time, I see a much stronger business model with a predictable growth factor; unlike $KNDI which is counting on the “potential” acceptance of its EV business model by multiple cities across the China.  I’m sure, in time, $KNDI will flourish; but the question is how long do we have to wait?

In today chart, it confirmed the support of $4.2x is holding by bouncing off yesterday recover bar. Thus, I bought a position with the remaining cash and to add more, I also sold  1/3 of my $AMRN position (at breakeven) to free up cash to buy more $STV.  Let’s see if it will continue the bounce next week.  I’ll be watching the $4.2x support.

I also revisited $CERS and like what I saw on the chart.

While prices were trading below the 79 & 89 MA lines, I like the fact that it had bounced from the support at $3.7x that went back to May of this year.  Looking at the chart, I’ve to admit that the $3.7x support looks pretty solid.

$DMRC had a bounce that stopped the slide for the last four consecutive day.

Since this is a super-low float stock, it didn’t take much for any larger seller to create a landslide; on the other hand, it will be very difficult for the same seller to buy back the shares at this price ’cause any buying in size can easily jack this price back up to $34.xx in no times.  So, I’m not worried about the volatility here.

$ORBC is the star today.

Price took off probably in anticipation of next week SpaceX launching of its satellites.

Thanks to gain from $ORBC and $DMRC, my port gained back 0.7% today with YTD gain at 0.6%.

Current holdings:

LRAD, DMRC, ORBC, STV, KGJI, AMRN, NMRX, CERS (100% invested/speculated).

From my other account:

$FITX chart looked good today.

It showed the floor at $0.4x is holding well.  Now, can we hear about the HC licensing decision please?  I wonder how much longer we have to wait to find out.  Nevertheless, I can’t help admiring the professional and high tech look of the current growing facility that is waiting for approval to grow.  I may consider adding more next week.

My 2 cents.

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Market finally fell a little harder than yesterday.

Nevertheless, support was found from the 15 MA line.

While the DOW reflected a bit more zest in the falling, some of my key positions continued to plummet.

$DMRC took out the 79 & 89 MA lines in one swoop.

While I didn’t like the way price fell off the cliff, I’ve enough conviction to “hang on” for the fundamental story to develop.  Sooner or later, I’ll know if the retailers are going to adopt the DigiMarc barcode system.  And I’ll be there with my full size position to either celebrate the glory of my patience or to write about my lesson learned.  So, today price action is part of the volatility I’ve signed up for when I bought this low float stock to bet on the “inevitable’ evolution of our barcode system.

Next, $AMRN continued to head southside.

To me, that was a normal correction after a full month of uptrend.  Fundamentally speaking, there are a lot more to look forward to.  Still holding.

$ORBC finally gave in to the pressure and sold off as well.

Price bounced somewhat before closing.  I’m not worried about this one.  By mid-July, any news of successful launch of $ORBC’s satellites by SpaceX will send this one back up to $7+ in no time.  At least, that is my take of it.

Both $LRAD and $KGJI also fell slightly but I’m not worried about these two at all.  $NMRX was the only one that closed positive for the day.

Due to the fallen stock price of five of my six positions, my port gave back another 2.3%.  YTD gain is now at 1.3%.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX and 7% cash.

From my other account:

I sold all my cannabis position to cut losses or at breakeven.to reduce risk.

My 2 cents.

 

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The market was splashing under water for most of the day but managed to close with head up in the air… Whew!

The daily chart looked good at the close despite its spending all day in the negative territory.  Again, the bear failed.

$LRAD saved the day by bouncing a bit.

Chart looked much better with price closing above the upper border of the previous consolidation range as well as above the 79 & 89 MA line.

$DMRC recovered by day close to settle a tiny bit above yesterday close.

Price is now attempting to bounce from a 50% retracement from previous low established in early June.

$AMRN did not take out yesterday low which was a positive sign that the bull is still intact.

Price bounced from yesterday close and stayed above it even at closing bell.  The interim short-term trend is still up and price is still above the 5 and 15 MA lines.  Price needs to take out the 89 MA resistance line next week to keep moving up.

$ORBC continued higher.

I like the fact that price closed above the 79 & 89 MA lines.  The overall interim trend is still up.

$KGJI continued to disappoint by trading below the consolidation range.

I need to keep an eye on this one; but I also don’t want to get out too soon.  Potential bounce from this one is very strong.

$NMRX suffered from a last minute dumping at the closing bell.

Despite the dumping, it was probably an unloading of a single investor looking to raise cash for the weekend.  Next week will determine if this dumping will trigger a fall from here.  There is still support at the $11.43 area.

Despite a negative close, $BIOS is still on an uptrend mode.

Currently the 15 MA line is a supporting line with price zigzagging along for the last two weeks.  If overall market continues to run next week, $BIOS may breakout to the upside.

So far, $KGJI and $NMRX are on the watchlist for potential bearish action; the rests are still in good shape for a good bull run.

Thanks to $LRAD, my port gained back 0.5%.  YTD gain is now 5.2%.  While these daily small % change seems trivial for my port, these are expected volatility while I’m waiting for big move on any one of my seven stocks.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX, BIOS (100% invested/speculated)

From my other account:

I’m still holding $MCIG, $TWD.V, and $ENRT.  They are all practically uneventful for the week as shown in the charts below:

 My 2 cents.

 

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Again, the bear failed its mission to push the market down.

Market bounced back for the close.  A sign for a strong bull.

$ORBC opened strong and then fell back a bit afterward.  Nevertheless, I added more with my remaining cash after price fell back down to 6.4x area after reaching high of $6.73.

Despite some retracement from the high, price still showed strength at the close.  Due to the bounce today, price is now back on top of the up trend line.

Despite some corrections from $DMRC, $AMRN, $KGJI, and $NMRX, gains from $ORBC and $LRAD helped offset the losses to keep the losses at 0.3% for my port.  YTD gain is now 4.7%.

Current holdings:

LRAD, DMRC, AMRN, ORBC, KGJI, NMRX, and BIOS (100% invested/speculated)

From my other account:

No activity here.  Still holding $ENRT, $TWD.V, and $MCIG.

My 2 cents.

 

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Today was a bounce day.

The bear did not have a chance.

I’m getting a lot of vibe for $ORBC.  I’m getting a feeling this one will be a runner soon. Despite having a negative opening, I bought more with the remaining cash in the morning.

Good thing for me that price bounced later in the day. If tomorrow price can take out today high, I may add more with cash from sales of $TIBX.

I sold $TIBX ’cause the chart was not encouraging.

Price traded below yesterday low and the rally that took out the inside bar high failed.  Thus, I sold with the eye on more $ORBC.  Unfortunately, the three day settlement rule prevented me to utilize the cash from the sale of $TIBX today since I bought it this Monday.

$DMRC bounced nicely today.

Price is now trading above the 15 MA line.

$AMRN continued to advance.

There is only two resistances before the trend can be called a possible start of a bull trend.  First. the 89 MA line needs to be breached. Afterward, the high of May 2nd at $1.74 needs to be taken out.  Look to me we may have a shot at hitting those two resistances this week.

Thanks to $DMRC and $AMRN, my port was able to gain back 0.8% for the day.  YTD gain is now 5%.

Current holdings:

LRAD, DMRC, AMRN, KGJI, NMRX, BIOS, ORBC and 2%.

From my other account:

Still holding $ENRT, $TWD.V, $MCIG.  They don’t seem to move much these days.

My 2 cents.

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The market had an up & down yoyo day.

Price was higher from the morning but turned negative in the latter half of the trading day.

At the market turned south, I decided to sell my $SWIR position for taking out the $20 support.  $SWIR made an impressive showing coming from negative opening to a positive price action during the late morning.  And when price started to fall off along with the general market, I wanted to reallocate cash to other stocks that showed strength in today drop.

$NMRX and $BIOS were able to resist the falling market; so I added more of these.

$BIOS looked like it wanted to go higher from the last five days of bull-bias small movements.

$NRMX was able to resist the fall and closed even for the day.

$ORBC dropped further to the uptrend line support.  I added a bit more today to build my position.  I like the fact that $ORBC are sending more satellites to space to increase its bandwidth on “Machine to Machine” communication.  The company name, “Orbcomm, Inc.”, has a futuristic ring to it… Ha!

$DMRC corrected a bit with $AMRN bouncing back. While the gain could not offset the losses, it was enough to cushion my loss on my port to 0.9% losses.  YTD gain is now 4.2%.

Current holdings:

LRAD, DMRC, AMRN, KGJI, NMRX, BIOS, ORBC, TIBX and 3% cash.

From my other account:

I bought $ENRT to add to my cannibis stocks collection.  $ENRT is a mini version of $FITX with a market cap close to 8% of $FITX’s market cap.  A huge difference.  This tell you the people are willing to place a huge market cap value on a good marketing campaign.  $FITX has all the fanfare of name dropping and aggressive “mission” statement that its market cap rivals that of $TWEED who already have a license with similar production capacity to produce and sell.  $FITX’s no license yet position commands quite an impressive market cap.

Thus, I find a small cap company like $ENRT a refreshing opportunity to participate in the cannibis market on the cheap.  Yeah, $ENRT could be a scam, so you say.  The way I look at it, $ENRT has enough of a story behind the company that is no better or worse than $FITX’s.  Both are waiting for Health Canada to give them a license to produce and sell.  So both have the same opportunity to collapse or run higher based on approval status.  But because $ENRT is so tiny right now, any run-up will be more pronounced than $FITX.

Currently, I’ve $MCIG, $TWD.V, and $ENRT for cannabis play.

My 2 cents.

 

 

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Today was considered a neutral day.

Not much movement there…

I sold some $SWIR to spread the cash among the additional “Internet of Things” stocks- $ORBC and $TIBX.

I took advantage of $ORBC fall today to pick up some shares.

Although it was a down day, the chart still looks bullish with an uptrend still intact.

$TIBX bounced from last Friday down day, so I picked up some for the bounce.

Today is an inside bar (solid bar only); so if tomorrow can take out today high, the bounce may continue.

With the exception of $BIOS, all my other stocks were down a bit today; thus my port gave back 1%.  YTD gain is now 5.1%.

Current holdings:

LRAD, DMRC, AMRN, KGJI, SWIR, NMRX, BIOS, TIBX, ORBC (100% invested/speculated).

From my other account:

Nothing happening here.  Still holding TWEED (TWD.V).

My 2 cents.

 

 

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