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.

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It is inevitable that the market will try to correct after so many up days.

The $SPY started the day higher but then succumbed to profit-taking.  However, by closing bell, market recovered to close at breakeven.  It was quite an impressive feat considered how long the tail was on today candlestick bar on the chart.

Nothing go straight up; thus I expected correction to my recent fast-tracked increase of my port.

$LRAD gave back 5.5% after five days of higher prices which wasn’t so bad considering.

Price is now settled at the upper-trendline of the Andrew’s pitchfok pattern.  News of new order from US Coast Guard or the Middle East mass notification city installation will propel the price to higher ground.  So, this is going to be one heck of a wild run here.

$HYGS gave back a slight 1.6% which wasn’t so bad.

Price is still above the 5 MA line and the chart looks bullish.

Although $DMRC closed down, I like what I saw on the chart.

I like the way price bounced back up from the low before closing.  The odd of a bounce from here.looks good.

$STV attempted to breakout of its recent consolidation but failed at the end.

However, the real deal is next Tuesday when earnings is reported.  It is my belief that their numbers will surprise us to the upside.

$AMRN was holding its ground.

The chart showed a normal pause after a big one day increase.  I believe more good news will come to Amarin.  A buy-out or a FDA favorable decision, take your pick.  Or should I say roll your dice?  Like a blackjack counter, I counted a lot of high cards in the shoe, so my odd of winning the hand is high.  So let’s see how my cards play out by mid-Sep which is when the FDA may announce their decision.

Due to corrections from $LRAD, my port gave back 2.9%.  YTD gain is now  at 11.1%.

Current holdings:

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

My 2 cents.

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Well, the market did bounce.  This further proves that a doji on support equal to a propensity to bounce.

However, volume was half of the last two trading days; thus, this bounce has yet to be proven to hold water.

Today, four out of six of my stocks went up today.

$STV and $AMRN both had some good bounce that might have further legs to run.

Both $STV and $AMRN look like they may break out of the overhead resistance soon.

$HYGS took out recent high but gave back much again.

But it still closed a bit higher.  Price looks like it is getting ready to run again.

$DMRC, while down again, looks like it may find the bottom here.

Overall, thanks to $HYGS, $STV, $MARN, and $LRAD, my port gained back 1.1% today.  YTD losses is now 3%.

Current holdings:

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

My 2 cents.

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The bear finally found the bull weak spot and pushed its advantage.  As a result, the market fell hard.

However, price is approaching the 79 & 89 MA support lines.  I’m anticipating a bounce from here since it is near the support MAs.  As seen from the daily chart above,although today was down big, it is still within the context of the bull market.  In other words, the major uptrend line has not been violated yet.  If it bounces from here, the bull is still on.

While five of my seven stocks were down, $AMRN rallied hard thanks to Adam Feuerstein, who foresaw the collapse of $AMRN before it actually happened, wrote a somewhat bullish thesis in that $AMRN is a good bet with good risk/reward ratio.. Thus, $AMRN singlehandedly stopped my port from taking a big hit in today market avalanche.

See how price took out the high of $1.78 established in July 1st?  This confirmed a more bullish stance ’cause the two previous pivot highs (May 2nd and July 1st) had been taken out.  Now, if price can only stay above the $1.78 for the time being while waiting for the FDA decision.  In reality, despite my up day on $AMRN, the gain was on borrowed time ’cause if FDA voted no again, down it goes.  However, if FDA votes yes, it will make my day as well as my year.

Another stock worth mentioning is $HYGS.

Despite being down more than a buck during the day, it had enough buyers to push it back to close at 46 cents lower.  Being a small float stock, it was a strong performance in a down day.  If I had spare cash, i will see any price below $22 a good bargain to buy more.  I guess I wasn’t the only one thinking this way.

I was surprised to see $STV closed higher for the day.

It did trade lower but it came back to close higher.

I had a strange incident today with my $KGJI cash dividend.  I saw the money in my account as promised by previous dividend declaration news from $KGJI.  Then I found out later that $KGJI actually was postponing issuing the dividend until August 28th.  What’s up with that?  Since I already got my dividend in my account, I thought I lucked out with a premature slip.  I used the proceed to buy more $AMRN.

Lo and behold, when I looked at the online statement just now, I found that $KGJI actually pulled the cash dividend out of my account!  What bug me was that $KGJI had a whole month after announcement of dividend declaration to seek approval from their government, why now?  Anyway, I’ve to revisit my conviction in staying with this stock.

If $KGJI had not pulled out the cash dividend, I would have a positive day.  Instead, my port suffered a small 0.5% losses thanks to $AMRN for saving the day.  YTD losses is now 1.4%.

Current holdings:

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

From my other account:

I placed a breakeven stop on $KNDI and was promptly stopped out in the morning.  Oh well…

My 2 cents.

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Market kicked the bear down the stairway and continued on higher…

For now, the bull have the rest of the week to figure out how to take out the resistance that’s been stopping its advance.

Meanwhile, six of my seven stocks went up today.  $HYGS was fantastic in the day but gave back all gain by closing bell.

$AMRN led the gain with a nice bounce on the chart.

If this bounce takes hold and begin a new trend up, it will be the 3rd wave of the Elliott Wave theory.  And the 3rd wave is usually the longest wave of the 5 waves pattern.  I expect this 3rd wave will exceed the Jan high of $2.75.  If FDA changes its heart and approves the label expansion of Vascepa, then this will be one of the longest 3 waves in the history of stock charts.

$STV continued to inch higher.

So far, it is trading in the middle of the consolidation range.  Did you notice that the 5 MA is about the cross-over the 15 MA line?

$KGJI bounced well today.

Price is now over the 79 MA line. I see somebodies are finally taking notice that $KGJI is an undervalued “gold nugget” that is waiting to be appreciated.

$DMRC bounced nicely during the day but gave back gain by closing bell. All the weak hands practically left the party before the earnings update tomorrow.  I’m still holding my ticket to the party and is looking forward to have a happy time.  Let’s see if that is the case tomorrow.

Yesterday, i mentioned that the thought of holding $KNDI thru the drawdown was a better deal than my current $DMRC dilemma.  However, looking at the math, it really wasn’t.  To hold $KNDI from $18.5x (from where I took profit) to under $11.00 would involve sitting thru a drawdown of 42% from $18.50 and 52% from the high of $22.4.  Meanwhile, I’m only sitting on a 23% drawdown on my $DMRC position.  That number will change for better or worse after tomorrow update.  It is only from the hindsight of $KNDI recent rally that it “looked” better.  Well, all these number crunching were just to put my perspective back in place.

Thanks for $AMRN leading the gain, my port gained back 1.2% for the day.  YTD losses is now at 3%.

Current holdings:

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

From my other account:

Still waiting for Health Canada response while $FITX position is taking in water…

My 2 cents.

 

 

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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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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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