The market took a pause today to enjoy the view of the new frontier…

Here we have an “almost” doji bar.  We’ll find out if this a a pause doji or a topping doji by the end of the week.

Today, I had to take a big losses from my $SVBL position ’cause it broke thru below the $0.30 support and I was just getting tired of sitting on dead money for too long.  Ever since I bought $SVBL I had been sitting on red for most of the time I held this stock.  Not only was it not performing, it was tying up money I could use elsewhere.  Thus, when price broker below the $0.30 support, I knew what I had to do.

At first, I unloaded 1/3 of my position and held onto the rest.  Later, when I saw others were dumping as well, I began to unload another third when the bids were still there.  Somehow, once I got the momentum to unload, I felt the urge to unload the rest.  And so I did.  Even though I knew I was taking bigger losses by hitting the bids that were there, I was just glad to be rid of it.  I also knew that I could make my money back by putting the money into more performing stocks.  I figured I probably lost 30% of my principle in this $SVBL position.  Oh yeah, now that I was out, I’m sure this stock will now fly off to the moon. Why do almost everyone thinks like this?

See how price broke thru the long-term support that went all the way back to March of 2013.  For all intent and purpose, I did what I had to do based on one of my trading discipline- cut losses, regardless of how much losses you may end up with, when price broke thru long-term support.

I used some of the proceed to buy more $BIOS.

$BIOS broke thru the long-term resistance and stayed above it.  I wanted to add more so I used the proceed from sales of $SVBL to buy more.  If $BIOS management can grow revenues from here, I can easily make back money I lost from $SVBL.

I also sold $CLDX to lock in profit and to use the fund to buy more $AMRN.

$AMRN spiked up hard in mid-day as you can see in the 5 minute chart above.  Although there were a similar high volume sell-off near the end of the trading day, it was not enough to tank the price back down to the opening range.  Let’s see if there is continuing momentum tomorrow.

Thanks to $SVBL, my port dropped 2.6% today.  YTD gain is now 4.4%.

Current holdings:

LRAD, DMRC, AMRN, BIOS, KGJI, SEED, DNN and 2% cash.

From my other account:

While witnessing the continued rally of $FITX since I sold, I steadfastly refused to chase it.  Oh well, either I missed this boat or I save myself the headache of a gapped down stock price in the future.

My 2 cents.

 

 

 

 

Comments »

Market corrected today and gave back about four days of gain.

If you look at the chart pattern inside the consolidation range, do you see a head and shoulder in development?  If price takes out the lower band of the consolidation range, the market is in trouble.  If price takes out the previous low at April 11th, it will be bad.  But these are all “ifs”; so let’s not get ahead of ourselves here.  As long as price stays above the 79 & 89 MA lines, I’m leaning on the bullish side.

I didn’t do much today except to add a bit more $AMRN and $APRI which closed down for the day.  I’m going to give these two a bit more room to breath instead of trading in and out quickly.  I want to hold these twos for a longer term to see if fundamental can take them back up; so I’m going to give it some more room.  Last time I traded in and out of a stock I missed out the spectacular rise of $GWPH.  So, I’ve learned my lesson once again.

$DMRC opened lower and then dropped like a rock when somebody dumped a thousand or so shares at the market, but that was a fake low since the next trader who bought a couple of hundred shares had to pay much higher than the intra-day low.  This is what you’ve to deal with when you are holding a super low-float stock.  I don’t mind it at all since I believe once the fundamental story begin to take hold and embrace by the market, price will be on the up and up.  I’ve got a good feeling about this one the same way I had a good feeling about $LNG.  My mistake was that I allowed the volatility of $LNG got the best of me so I bailed with a small profit and missed the biggest rally ever.  This time, I’m going to hold on to $DMRC despite volatility.

See how price had regained much of the downdraft by closing bell?  Today bar looked like a dragonfly doji; this pattern has a high probability of being a market turning points.  Let’s see if this is the case here.

It was strange that $SVBL did not follow the silver trading pattern today which was up slightly.

This must be an aberration due to some motivated sellers trying to raise some cash.  I’m holding this one the way I’m holding $DMRC and $LRAD ’cause I believe flight to precious metal may happen this year.  I don’t know when but it may happen.

Due to $SVBL and other minor corrections of the rest of the positions, my port was down again.

Current holdings:

$DMRC, $LRAD, $SVBL, $SEED, $AMRN, $APRI and 30% cash.  YTD gain is now 7%.

From my other account:

$FITX bounced nicely today.

Now, the long-standing resistance is only a stone throw away.  I believe money flow coming from people who sold $PHOT was driving $FITX up today.

My 2 cents.

 

 

Comments »

Market continued to drop further down today.

It didn’t bode well that price penetrated the 89 MA line to the downside.

I did something based on “wishful” thinking that prompted me to sell out $TZA and $FAZ in the morning.  I was giving the market too much “hope” for a Friday bounce. At least, it looked bouncy after the gap down open.  I was envisioning today as the day with market opened down and then closed 100 points higher.

Thus, I placed a stop on my $TZA and $FAZ below the opening range in case my scenario turned out to be true.  Well, the market made a half-heart attempt to bounce that took out my stop but there weren’t enough juice to keep the ball rolling upward. Market eventually fell back down and $TZA rallied the rest of the day.

Due to my “bullish” sentiment in the morning, I used up the free cash to buy $GWPH, $SEED, and $KNDI.  With the lion shares of cash still tied up in the three-days settlement, I had no cash to buy back the $TZA.  Oh well…

However, all was not lost in the hedging department.  While $LRAD was falling like all other stocks, $SVBL came to the rescue by rallying 9%.

Above is the weekly chart of $SVBL.  Notice that the lower band of the Bollinger band is actually turning up.  Stochastic momentum indicator below is also turning back up from the lower range.  Perhaps, this one may rally next week.

Thanks to gain on $SVBL, it was enough to offset losses on $LRAD.  Gain on $TZA and $FAZ helped offset the losses on $GWPH.  Yeah, I bought too much $GWPH… I also sold $GWPH to cut losses in the afternoon.

Thus my week ended practically unchanged despite another week of water-falling price action on both DOW and Nasdaq.

Current holdings:

LRAD, SVBL,SEED and 67% cash.

My other account:

$FITX gave back the bounce from yesterday.  I’m still holding ’cause we are not that faraway from the completion of the Lakeshore facility for Health Canada to inspect.  We may hear something by the end of the month.  Meanwhile, I just need to take the heat and wait it out.

My 2 cents.

 

Comments »

The market finally had a strong up day that did not end up giving back the gain by day close.

However, as seen from the chart, it fell short of taking out the upper range of the consolidation range.  Thus, I wouldn’t say we are out of the wood yet.  The next few days will be telling.

This morning, I bought starter position on $SVA and $KNDI and sold $MZOR for small losses.

$SVA opened slightly higher and I bought for the bounce.

We have an inside bar today so that if price takes out today high tomorrow, I’ll add more.

$KNDI also opened higher so I bought a starter position as well.

Since I only bought a small starter position, I don’t mind holding even when price was against me at the close.  Price bounced slightly today but the possible of a V-shape bounce is still in the card.

Again, I was lucky to dump $MZOR before the collapse later in the day.

At first, price opened higher and I was glad.  However, when price began to drop and did not bounce despite the DOW was going higher, I had a bad feeling so I sold my positions by hitting the bids that were available.  I was able to unload a bit above $21.00 for small losses.   Later, the price dropped as low as $19.53 before bouncing back some.  “Cut your losses” fast always save my day.

The highlight of the day was $CARA which gave me a nice 12.65% up day.

I like the bullish engulfment bar today with higher than average volume.  Usually, a big bullish engulfment bar can kick start a rally; so let’s see how it goes this week.

$SVBL did not do so well today.

It dropped below the range of the last seven days.  Since I’m committed to this one for the long haul.  I’m going to have to take the heat on this one.

$SEED was also bouncing.

I like the fact the price is now trading above the 79 & 89 MA lines.

$AMRN closed lower today but the volume was relatively low compared to last week; so I decided to continue to hold.

Overall, despite losses from $SVBL and $AMRN, gains on $CARA, $SEED, $LRAD and $SVA more than offset the losses and put my port back up a notch.

Current holdings:

LRAD, SVBL, CARA, SEED, AMRN, KNDI, SVA and 32% cash.

From my other account:

Both $FITX and $MCIG bounced only a bit so I won’t bother to show charts.

My 2 cents.

 

Comments »

Market was behaving like a whale today.  It came up for air and then dive right back into the ocean…

As you can see in the daily chart above, price hit the resistance at the previous high and fell back inside the consolidation range.  Basically, the market is not ready to make a new high unless there is some catalyst to push it up.

Today, I shifted my positions around.  I sold the rest of $KGJI ’cause the chart looked pretty bad in the morning.  With gold price climbing since early January but $KGJI was stuck in the consolidation range all this time.  Now that gold price is correcting, $KGJI went down with it.  I don’t know whey $KGJI is not getting any respect at all from speculators and investors; but it seems like my money had been tied up unproductively all these time I was holding it.  Thus, I decided to let it go and use the proceed to add more $SVBL.  Yes, I’m redirecting the focus from gold related stock such as $KGJI to silver mining.  $SVBL doesn’t do mining but they do own a prime piece of land in Northern Mexico that supposedly has a lot of silver underneath the ground based on exploratory result.  However, by day end, $KGJI spiked back up so I bought back a starter position.  I believe earning report is coming next week so let’s see which way it goes.  So far, I’ve missed two positive earnings play by closing out $KNDI and $SVA before earnings.  Oh well, it is still a gamble so I preferred to play safe.

I also reduced my positions on $SEED by 80% to reduce China exposure.  It seems that the politic in China may take a much longer time before deciding on the genetically modified seeds offered by $SEED.  Interest is fading and price is slumping back down.  The bids were there so I took it.  I also used the proceed to add more $SVBL.

Why the sudden interest in $SVBL?

For one, the super high volume (over two million shares traded) on March 13th got my attention.  $SVBL is a buy-out play so volume of that magnitude meant someone was interested.  It may or may not mean anything but I feel the “pull” to accumulate this stock.  I also believe the market, in general, is going to correct pretty heavily this year and that precious metals will become a popular safe-haven again to speculators and investors to jump back in.  Thus,with this thesis in mind, I added to $SVBL.  I could be wrong but this is the play I’ve chosen to follow.

See how price bounced right back up from the 79 & 89 MA lines?  The stochastic also began to turn up from below.  If I’m going to hold a precious metal related stock for a long duration waiting for something to happen, I’m going to give $SVBL a chance giving that $KGJI gold stock didn’t do much for me after all this time.

Currently, $SVBL is my third largest position after $LRAD and $MZOR.  $CARA dropped to fourth position giving recent correction.  In my own theory, $SVBL is my portfolio hedge against a major market correction- irrespective of rather my theory make sense or not.  You should know by now that I take a stock position based on my personal theory and logical deduction of what I think is happening or will happen.  I collected information from other contributors and weighed their opinions with my own analysis.  I then make my own decision to plan the trade- buy, sell, or hold.  I do NOT care what other people are doing with their position of the stocks I’m holding.  I make my own decision by looking at the chart and reviewing the latest updates.  Sometimes, I time it right and sometimes I don’t; but I always have to be mindful of managing the risk.

I was just glad that my $TZA position didn’t get stopped out during the morning rally.  It was nice to see it closed positive.  If the market continues to slide next week, I’ll add to this position as soon as cash is available from the three-day settlement.

Needless to say, with $LRAD, $MZOR, $CARA, and $SEED corrected today, my port suffered another setback but was cushioned nicely by the gain on $SVBL.

Current holdings:

LRAD, MZOR, SVBL, CARA, TZA, SEED, KGJI and 26% cash.

From my other account:

$FITX had a nice bounce today.

Although price could not stay above $0.10 and closed at the lower $0.09x range, I was just glad to see it closed positive today and for the week as well.  If $FITX executes flawlessly going forward after receiving the license from Health Canada, there is a possibility that this port will eclipse my main port discussed above.  I look forward to see that happen.

My 2 cents.

Comments »

Market had a nice come-back.

But we are not out of the wood yet.  See how price still settled inside the consolidation range?  Price need to get back above the top range to be considered back on the uptrend.

The big news today was the positive $KNDI earning announcement.  They sold more cars than the estimate 2,800 units they gave awhile back.  Basically, there are more individual buyers besides the car-sharing garage purchase.  Not bad!  And too bad for me staying on the sideline.  But that was price I paid to be a by-stander instead of a participator.  It was like watching an ongoing poker game as an observer instead of playing at the table.  Well, as they said, it could have gone the “other way”.

Nevertheless, today news practically convinced me that the drivers in China are ready to contribute to the clean air campaign by buying more EVs.  Thus, I went back in this morning paying up to $20 per share for the buy-in.  Only this time, I did not load up the boat as before, instead I bought a medium size position just as I would in a new stock- such as $MZOR or $CARA.  As far as I’m concerned, $KNDI is to me just another brand new trade with a new entry setup.  My past gain in $KNDI does not factored into this particular new $KNDI trade.  In other words, I will not be saying to myself thing like, “Oh, I had so much gain on this one I could fight the trend a bit more…”.  Instead, I will trade this $KNDI trade with all the proper medium-term outlook with its proper stop loss target.  If price continues higher tomorrow, I may add some more.

Price took out the previous high of $20.75 with super-high volume.  I can see a long-term uptrend coming for this one provided there are no major market correction during the year.

$CARA finally bounced today.

Price touched the 50% retracement line and took off.  I can see a high probability that price will start to head back up and beyond.

$SEED continued to hold steady at the support line.

I can see the 5 MA turning up tomorrow or later in the week.

$MZOR finally succumbed and dropped a bit more than usual.

While price is still inside the consolidation range, it needs to bounce soon to remain on an uptrend mode.

$KGJI broke down some today and price dropped below the $1.85 resistance again.

Oh brother!  $1.85 resistance all over again!  Oh well, I’m waiting for the coming earning report to kick start the uptrend.  It will be nice to have this one bounces the way $KNDI did today.

To supplement my gold play ($KGJI), I bought a silver mining company ($SVBL) today. I’ll continue to accumulate as soon as more cash is released from the three days settlement.

The above is a monthly chart.  See how price began to turn upward?  Last month green bar was a bullish engulfment pattern. This month price action already took out last month high; therefore, I’m bullish on this one for long-term hold.  I also like the fact that this month is the ONLY month that price action took out the 5 MA line.

Thanks to the gain from $KNDI and $CARA, my port bounced up a notch despite some drops from $MZOR and $KGJI.

Current holdings:

LRAD, SEED, MZOR, CARA, KNDI, KGJI, SVBL, CERS & 10% cash.

From my other account:

$FITX had a fantastic break-out on the chart today.

Did you see how today big green bar with relatively higher volume took out the downtrend line?  Once $FITX received the license from Health Canada, this is going to be a multi-years hold for me.  At least, this will be my other “$LRAD” play.  I’ve been trading profitably with $LRAD since 1998.  $FITX will become an even bigger game once the production of both medical and industrial cannabis begin.

My 2 cents.

Comments »