Market was basically neutral today.   It did not go anywhere except to pause.  Pause is good.  Like any moving bio-mind, it needs to take a pause to rest.  Yes, the market is a bio-mind since it is made up of millions of mind.

My port(s), on the other hand, were having a Great Day!

First thing first, I sold all of $APRI (for non-performance) and bought $MZOR.  I like to see $MZOR as the next $ISRG.  I may hold this one for long-term and make it part of the $LRAD, $KNDI, $KGJI team.

The weekly chart above pretty much showed a strong upward trend.  I don’t think it will retrace that much from here; thus my buying $MZOR today just to get on board. .

$KNDI had a strong and healthy gain today.

Notice that price is now bouncing off the 5 MA line which was a good sign.

$CERS continued onward without giving back gain for the last two weeks.

Notice how price marched upward since early February without giving back gain.  This is a strong stock ready to pop on good news.

$LRAD also moved higher today.

I’m not crazy about the doji bar today but it may not mean a top yet.  Confirmation is needed before today doji bar is considered a temporary top.

Today, my top three positions, $KNDI, $LRAD, $CERS all carried my port another notch higher despite some minor corrections on others.  I’m especially disappointed with $TINY performance today.  I’ll need to re-evaluate this position tomorrow.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, MZOR (full speculated).

Now, to my other account…

What’s a Fantastic day for me!

I bought $XTRM after researching this stock over the long weekend.

As luck would have it, news from AccessWire brought awareness to this stock and the momentum could not be stopped.  The main reason I like this stock is because of the industrial hemp (more so than the medical cannabis) which is being legalized in the Federal level by Obama signing off the $1 trillion Farm Bill.   The other main attraction of $XTRM is its low float status ($55.92 million) for a pennystock and its being a super micro-cap ($8.15 million) as of today close. Correction: $XTRM actually has about 717 million shares outstanding.

Granted that this company is a newby coming out of nowhere and thus carries the stigma of being a possible pie-in-the-sky stock.  However, the alluring part is $XTRM purchase of 40,000 acres of land in California that will allow it to grow the industrial hemp as well as medical cannabis (I believe $XTRM will have to wait until the Federal law legalizes cannabis first; otherwise, it will be too risky to operate when cannabis is still included in Federal Schedule 1 dangerous drug list.)

For a micro-cap stock like $XTRM, I believe the industrial hemp business alone will pop this one up big time.

Look at the daily chart above.  Even though I bought it at a higher open, I still ended with a 50%+ increase on my position. Wow!

$FITX news today is nothing new to me since I already figured this one out when they announced the production facility that can produce 1.3 million lbs annually.  That was the reason I kept buying when it was correcting last week.

I like to see price takes out the resistance at $0.1149 established last week.  $FITX offered an open house next Saturday which I thought was a good idea.  This should put any doubting Thomas to bed as to rather this production facility is a real deal or not.  I already know (or believe) that this is a real deal just by looking at the Canadian news regarding Lakeshore with picture of the Mayor with the Cen Biotech team.

Since I bought a boat load of $XTRM in the morning, my port was up 18% by day-end.  Although this port is about 1/10 the size of the main account (see above); I’ve a feeling that if these two cannabis stocks can really take off, this port may even eclipse the main account in a year or two in term of dollar amount.  The race is on!

My 2 cents.

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The market continued to rally and is now coming near the previous high established in early January.  This could be a resistance to watch out for.

If price takes out this resistance, the bull trend is still on (the blue line near the $185.00.  Where price will go after seeing $185.00 will determine which direction market will go b/w now and March (up, down, or consolidation).

$LRAD took home the bacon today by bouncing nicely.

Notice how price had gone ahead and away from the consolidation range.  It looks like some motivated sellers had completed their task after earning announcement and buyers are coming back   Let’s see if price can take out the previous high of $2.24.

$CERS also continued to move up without giving back gain.

Price could become resilient against downdraft as the timetable comes near the FDA decision in early 2014. I am holding this one thru the FDA decision ’cause I’ve strong conviction on this stock.  Please remember I had the same conviction on $AMRN and that didn’t do me any good.  On the other hand, conviction has nothing to do with being right or wrong; it has everything to do with your ability to “take the risk” for a potential reward.

Most of the other positions were either neutral or going thru minor corrections; but because of the gain from $LRAD and $CERS, my port continued to advance further to recover most of my early 2014 gain.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, APRI (fully speculated).

From my other account:

$FITX, unfortunately, did not advance together with its peer on the positive news that the Fed is allowing some leeway for the banking system to work with legalized marijuana businesses.  I noticed there were quite a few bashers trying to create doubt regarding the prospect of $FITX getting approval for the Canadian production facility.  Mark my words, $FITX is a HIGHLY speculative stock that can either bring you a lot of money or take away your speculative investment.  At this point, with limited information such as SEC filings and period of uncertainty from having to wait for the build-out of the production facility as well as the final approval from the Canadian Gov’t to give Cen Biotech the go-ahead to start production, the next few months will be a volatile time to hold this stock.  I’m still not done buying with the gain I made from $PHOT.  I may continue to buy if price continue to dip with gain from $PHOT.  Thus, if $FITX does not fulfill its plan to complete the construction and getting necessary permit, I will only give back my gain from $PHOT.

In summary, at this point, my ability to hold $FITX is based on “faith” that $FITX is a real deal and that the marijuana market has only just begun their ascent to the legitimate businesses with huge opportunity to make money from the ground floor.

Back to the daily chart:

Price is now hovering around the congruence of several technical supports: support from the last three trading days (blue line), Fib 23.6% retracement from historically low to recent high, and 38.2% retracement from recent low to recent high.  Does that mean this congruence will hold?  Nope.  It only means there is a possibility buyers will be there to buy the stock when price reach that level.  But that doesn’t tell you how many sellers are waiting to sell.  The battle b/w the bull and the bear continues.

My 2 cents.

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Market gapped down but bounced right back up to positive ending.  A very strong showing indeud!

Notice how price bounced right off the 5 MA line and closed higher than yesterday high.

$CERS continued to climb higher and away from the support line.

Currently, $7.50 is the resistance and if it takes out the resistance with conviction, we can see $8 easily.

$LRAD continued to recover from the drop-off after earnings slowly.

Today, it closed higher than the consolidation range.

$SEED made another attempt to rally hard but was succumbed to profit-taking.

Nevertheless, price still closed above yesterday high.  Will the Chinese Gov’t announce the decision on approving the two GM seeds from $SEED soon for commercialization?  Still waiting patiently.

Thanks to the rallies from the above three stocks, my portfolio continued to advance higher despite some minor corrections on the remaining stocks in the porf.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, APRI (fully speculated).

From my other account:

$FITX bounced a bit today to stop the falling pattern of the last two days.  I continued to add some more today to scale-in size.

See how price closed near the 5 MA line?  Do you see that the trend is still up?

My 2 cents.

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While the DOW was down slightly, the SP500 was basically neutral.

Today big mover in my port was $SEED.

$SEED was up 12% which exhibited a healthy bounce from the 79 & 89 MA lines as well as from the 5 and 15 MA lines.  Even the momentum indicators below are all pointing up from the bottom.  Next resistance is the previous high of $2.60.

Next best move was $CERS.

$CERS continued to head higher and at one point reached higher than $7.50.  Profit-taking quickly brought it back down to $7.20 which was still above the previous support high back on October 2013.  Price may meandering around this support area until the next rally.

$HALO continued to head higher cautiously.

Price is now banging against the daily 5 MA line.  Once this resistance was taken out, price may go much higher.

Today, I sold all my $ATOS shares to buy $APRI.  Why?  Well, let’s say my intuition told me to do so.  $ATOS was not bouncing like I expected (not enough patient on my end) and $APRI was correcting from a previous bounce due to its recent exclusive licensing agreement with Recordati for the commercialization of Vitaros in Spain, Russia, Turkey, Ireland and some other countries in Europe and Africa.  In a nutshell, $APRI has gotten licensing deals around the world to sell Vitaros.  Now, it just needs to sell the products.

Price found support at the daily 5 MA line and that was why I bought it.  Although it closed a bit below it, I’m not going to worry about it.  Next support is $2.31 which is where the 15 MA line is now.

If $ATOS bounces without me; then I will have to live with my decision today.  The way I see it, it is a coin toss b/w the two.  I chose $APRI simply because I had a history with it and not much with $ATOS.

Thanks to $LRAD, $CERS, $SEED, and $HALO, my port continued to bounce back higher.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, APRI (fully speculated).

On my other accounts:

I added more $FITX to take advantage of today dip to build up size.

My 2 cents.

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Market roared higher today and took out all resistances.

See how it climbed back above the uptrend line as well as stayed way above the 79 & 89 MA lines. The bull is BACK!

Meanwhile, with the available cash free-up, instead of buying more $ATOS as originally planned, I bought $HALO instead.  $ATOS went negative in the morning instead of bouncing so I passed.

$HALO, a Baker Brothers’ favorite, was bouncing back above the 79 & 89 MA lines, this was all I needed to see to buy in for the big bounce.

Needless to say, I continued to add to $CERS with the free cash to swing for the fence.

Glad I bought back my full-size position last week for this week gain.  Nevertheless, the rally has only just begun; but first, it needs to take out the resistance at $7.13 which obviously checked the rally today.

$KNDI, $LRAD, and $SEED all corrected a bit today; but thanks to $CERS up move, it stemmed the loss quite  a bit.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, ATOS (fully speculated)

My 2 cents.

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The market was basically neutral today.

On the other hand, I had a good day!

$KNDI gapped higher due to China extending its EV subsidy program past 2015.  This will bold well for $KNDI ’cause the car sharing program can continue to expand with lower cost EV as an incentive.  I believe we are still at the beginning stage of $KNDI upward direction; thus, I’m holding and riding the roller coaster that bends to the upside.

Price broke thru the consolidation range but closed below it.  Let’s see if price can take out the previous high of $15.39 this week.

$CERS, $SEED, $TINY, and $ATOS all bounced today.

If $ATOS continues to bounce tomorrow and I’ve free cash available tomorrow from the settlement lock-up, I’ll add to $ATOS.

What I missed was the $GALE bounced from the low $4.xx.  Price was right at the 79 & 89 MA lines and I completely missed it due to my avoidance.  After the bearish attack from Seeking Alpha bearish article, I made the mistake of walking away completely.  Oh well, moving on.

Thanks to $KNDI today, my portfolio continued to regain the earlier 2014 gain.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, TINY, ATOS and 7% cash.

On my other account…

$FITX was doing great today and $PHOT was not so good.  Good thing I swapped out of $PHOT last week and moved into $FITX.  However, I’ve to be prepared for a volatile sessions on $FITX since it will be awhile before we see any progress on the production facility in Canada.  I’m ready for it.

Look at the beautiful uptrend chart.  Will there be a correction soon or will price continue to head higher?  This is why speculating is so much fun since it requires you to look forward to the next day!

My 2 cents.

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The market pretty much completed the “U” turn maneuver heading back to the upside.

Did you see how it is now back to the 89 MA line?  It is also settled near the Jan 30th high.  Resistance?  If it breaks thru the resistance next week, we are heading back up.

I added to $CERS when price opened higher and continued on higher.  I’m expecting price to climb from here to chase the FDA decision.  If approve, it will be a “WOW”.

See how the price has bounced off the $5.7x support for the third time! with all momentum pointing up, it looks good for a rally from here.  Perhaps this time, it will take out the $8 resistance.

For the same reason of a strong support, I also bought back $ATOS “looking” for the bounce.

See how price actions were hovering around the 79 MA line which happened to be very near the support line (blue).  All momentum indicators below tell me there may be a bounce coming.  Let’s see if it will bounce next week.  $ATOS price action after the secondary announcement reminded me of $GALE price action after its secondary offering.  Take a look at $GALE price chart around the time of secondary offering below:

Inside the yellow shaded area, see how price action meandering around the support area of $1.9x before bouncing back higher?

Because price action of $CREE collapsed after opened higher, I decided to close out my position at breakeven when I could.

Price turned negative in the morning when the SP500 was heading higher; thus, I unloaded $CREE due to lack of strong conviction.

The SeekingAlpha bearish article on $PHOT had me revisited the wisdom of holding $PHOT for long-term without taking profit from time to time. Thus I unloaded $PHOT to lock in nice gain.  $PHOT may or may not collapsed next week due to the bearish article referenced to the low-priced warrants which surely would have an effect on market momentum.  It all depends on what action speculators want to do next.  I’ll prefer to sit on the sideline watching.

I was mainly impressed by $PHOT structuring a deal with CEN Biotech, a subsidiary of $FITX, to produce 1.3 million lbs of legal cannabis annually.  Then I thought about buying $FITX directly but changed my mind due to its being a pinksheet with no filings.  But today, I realized that $PHOT deal with $FITX’s subsidiary ties its future price momentum to the success of CEN Biotech.  If that is the case, why would I worry about $FITX being a pinksheet?  If $FITX’s subsidiary fails in its business, it will surely impact $PHOT as well, filing or no filings.  Thus, I began buying $FITX and build up a position.  I thought it was actually the perfect time to swap out of $PHOT and into $FITX now that $PHOT had the approval to increase the authorized shares to consummate the CEN Biotech deal.  The good news is that $FITX market cap is still very small relative to $PHOT; so at 0.09 cents, it can go much higher with good news.  On the other hand, if CEN Biotech fails to procure the final approval from the Canadian gov’t, it will collapsed further than $PHOT in term of percentage size.  Thus, this $FITX is not without huge risk; nevertheless, I only used some of the gain from the $PHOT to speculate on this one.

$FITX closed strong today and I expected it to go much higher from here due to the $PHOT’s deal with CEN Biotech being finalized soon.

$KNDI continued to bounce and closed above $13 resistance.

Let’s see if it can take out the previous high in the following weeks.

$LRAD bounced and closed a bit above the consolidation range which was good.

Now, we just need a few good new order announcement to keep the price above $2 and higher.

Thanks to $KNDI and $LRAD, my portfolio continued to recover 2014 earlier gain.

Current holdings:

KNDI, LRAD, CERS, SEED, KGJI, TINY, ATOS and 7% cash.

My 2 cents.

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Yesterday neutral price action at the market pretty much set up for today big bounce.

As the support line and 50% fib retracement joined together, the odd of bouncing was good.

It was unfortunate for me that sellers hit $LRAD after earning announcement yesterday.  As a result, my portfolio took a step back; but with today bounce, $KNDI saved the day by taking the port back up a bit.  Despite the sell-off, I still hold a conviction on $LRAD and will continue to hold this one for the long haul.

To reduce my risk yesterday, I unloaded most of my semi-conviction stocks such as $AMRN, $ATOS, $INO, $FULL, and $GOGO to raise cash.  Since I’ll be holding $KNDI, $LRAD, $KGJI for the long haul, I needed to unload more of the others to balance my risk.

With today bounce, I added back more $CERS to bring it back to full size position.  As the year progresses, we will soon find out if $CERS’s blood cleaning system will pass the FDA iron-gate.

I also added back more of the $SEED I sold earlier to bring it back to full-size.

$CREE looked good on the chart for a strong bounce so I bought a decent size position.

The bounce on the chart looked solid.  Let’s see if tomorrow will take this further up or bring it back down and below.

$KNDI had a strong bounce and it took price all the way back into the middle of the consolidation range.

It was day like this that I gave up timing $KNDI.  Since I want to hold this for long haul, there is no point trying to swing trade it ’cause the chance of missing a run is always there when you are not careful.  Just take a look at the $YELP chart today,

You see how after a strong gap up at the open, price continued to rally strong upward all day.  This is why I don’t swing trade $KNDI anymore.  I look forward to seeing $KNDI price action moves the way $YELP moved today.

Current holdings:

KNDI, LRAD, SEED, KGJI, CERS, CREE, TINY and 6% cash.

Notice that because of the $LRAD falling price, $KNDI is now back to being the largest position in my port.

My 2 cents.

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As luck would have it, the support (blue line) and the 50% retracement worked flawlessly today.

See how price bounced right off the 50% retracement?  Not bad, eh?  Now,let’s see if this bounce has leg…

The only action I took today was to buy $FULL.  I found out the day before that this is one of the very few Nasdaq listed stocks that deals with the legalized cannabis industry.   Knowing that this coming tsunami of demand as more States opt for legalized recreational cannabis to capture the taxes revenues, any company that associates itself with legalized cannabis is going to do very well as long as the management teams are top notch.

Therefore, I bought $FULL in my main account just so I’ve some cannabis related stock on board.  Unfortunately, price could not hold the gain and fell back to even for the day.  While I like to hold this one long term, I’ll be mindful of the price action to protect myself.

$LRAD and $KNDI, two of my biggest positions, were bouncing nicely today. This effectively helped my portfolio recovered somewhat from yesterday draw-down.

I”m glad to see $AMRN and $GOGO rallied in good form today as well.

Forgot to mention yesterday that I was very lucky to have gotten out of $GALE last Friday to reduce risk.  Yesterday drop was a massacre.  I’m going to sit on the sideline on this one so as not to give back any profit I made before.

Current holdings:

LRAD, KNDI, KGJI, SEED, FULL, AMRN, ATOS, TINY, CERS, GOGO, INO (fully speculated).

One more thing, $PHOT was doing Fantastic today!

I believe that once the shareholder meeting is over and the vote for increased authorized shares is approved, price will make new high next week.

My 2 cents.

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Oop, in just about two weeks plus some, the market gave back all the gain made in the last three months.

But  I think we’ve found support.  See how price is now right at the Fib 50% retracement as well as the support from mid-Sept of last year.  So far, after hour SP is bouncing, let’s see if the bounce can continue tomorrow.

In the morning, sensing that the market was not well, I needed to unload some position to raise cash so I could buy the blood later.  I started to sell some more $SEED and some $CERS.

Later in the day when $SEED started to bounce from the low of $1.81, I bought some back at $1.85.

I’ve been eyeing $INO and was waiting for it to drop like everyone else so i could buy some cheaper; but price was holding very well at the $1.45 and would not go below that.  Finally, I gave in and bought some under $2.50.

I was also looking to buy back some $ATOS and when price hit the 79 MA line, I began to hit the buy button.

Despite the down day, price is till trading in the supporting range established in the last two months.

Another blood I wanted to buy was $GOGO.  When price hit the support line (blue line), price was right around the fib 61.8% retracement zone.

Needless to say, I bought some looking for a bounce.  I believe its coming earning report will beat expectation.

While I was able to buy some bloods today, my long-term hold positions were getting hit.  LRAD and KNDI both took my portfolio down quite a bit.  But the good news is that I’m still a bit over breakeven for the year.  In other words, my port had not turned negative yet; but I’ll be at the mercy of the market tomorrow.

Current holdings:

LRAD, KNDI, KGJI, SEED, AMRN, ATOS, TINY, CERS, GOGO, INO and 7% cash.

Despite a big down day today, the shining light is my $PHOT position in my other port.

Price had broken out of the resistance of $.32 and closed higher.

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