The market had a small correction today which wasn’t much of a correction.

I didn’t do much today but to watch the roller coaster price action of $KNDI which had a wide dollar swing all day.

Notice that price came back down to the top range of the consolidation area.  This may just be a needed minor correction before price takes off from here.  Thus, I’m still holding firm.

I wanted to buy back $GALE but money was still locked up in three days settlement; but giving the after hour dumping of $GALE, it looked like I didn’t miss much.

$CERS and $KGJI corrected some more today so patience is required.

Although $AMRN was down, it did not get dumped which was good.  Many probably believe that a delay is much better than a solid no.  There may still be hope.

$GOGO, $LRAD, $SEED, and $TINY had a positive day but still not enough to counter the negative impact of $KNDI, $CERS, $AMRN and $KGJI; thus, my portfolio had a minor correction today as well.

Current holdings:

KNDI, LRAD, CERS, KGJI, SEED, GOGO, AMRN, TINY and 5% cash.

My 2 cents.

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The market has another jolly good day.  Together with yesterday rally, price more than made up for the big down day on Monday.  We may end up with an up week after all.

$XONE opened down but bounce back up from last night after hour low.  Because of this, I was able to move my stop to breakeven instead of getting out with a net loss.  Lo and behold, I got stop out at breakeven which meant I gave back all the unrealized gain.  Oh well, moving on.

Next, $AMRN opened higher and that was very positive to me.  I immediately bought back 50% of my original size to bet on the FDA outcome.

As you can see on the 5min chart above, price began to climb pretty fast two hours after the open and I began to sell off some $CERS position to raise cash to double down on $AMRN.  Basically, I’m back on the original size risk.

Why would I do that?  Since no one really know why the price went up, I had to assume that someone know something.  This was the same pattern when price dropped big before the bad news on AdCom became a reality.  Alas, price could not hold and fell back down from the high of the day.  To top it off, FDA delayed the decision.

Common sense suggested that FDA was leaning on some compromise with Amarn; otherwise, they would just come out and say no.  They could have said no on Dec 20th.  Nope, they could have said no today.  Nope.  I guess I’ll continue to hold my shares tomorrow.

I also like the way $GOGO spiked up after open so I used the cash made available by sales of $XONE to get into position.  Unfortunately, price could not hold and I was under water not soon after.

Since price is still trading near the 79 & 89 MA lines on the daily chart, I’ll hold onto my position for the time being.

$SEED continued to head higher after I bought yesterday. I take it as a good sign.

I like the fact that price closed above the 5 MA line.  I also like the healthy volume for the last two days during the bounce.

While $CERS and $XONE brought me down some today; this was nothing compared to upside momentum $KNDI did today.  Late into the day, $KNDI woke up from a long rest and just took off to break out of the consolidation.  It was quite a wild ride.

From the look of it, seem like price can continue higher.

Needless to day, $KNDI today brought my portfolio into higher ground once again.

Current holdings:

KNDI, LRAD, CERS, KGJI, GOGO, SEED, AMRN, TINY and 3% cash.

My 2 cents.

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It was a nice recovery after yesterday big down day.  The last thing any investor want to see is a follow-thru from yesterday down day; so today is a godsend.

$GALE made new high at the open but it was downhill from there.  Ever since price had jumped from $4 to today high, there had not been a decent correction as of yet and my internal alarm began to advocate caution to lock in profit.

From the 5m chart, after price took out the lower opening range, I began to pay close attention to the price action.  When price tried to reach the lower opening range and failed; that was my cue to take profit.  I still believe in the long-term prospect of $GALE so I’m looking to buy the shares back cheaper if possible.

$AMRN had a crisis of confidence today when price couldn’t hold above $2.20 coming into Jan. 15th FDA decision on SPA reinstatement.  Seeing that price was taking out the low of the last three days, I decided to sell my remaining shares to lock in profit from my $1.6x entry last year.

For whatever reason, FDA seemed reluctant to allow $AMRN to expand Vascepa labeling without the Reduce-it trial result.  Can FDA overcome their reluctance to allow reinstatement of the SPA?  Somehow, price action today caused me to have second thought.  Although I lost quite a bit of money speculating in $AMRN from the last two year, I had already recovered my losses from gains of other stocks; thus, I don’t need to push for $AMRN to recover my losses.  This mentality allowed me to sell my shares before tomorrow decision.

I added to $CERS today ’cause price did not fall below yesterday low.

I believe price will continue to head higher in anticipation of FDA approval of its blood purification system.

$XONE was getting killed today by $SSYS; not only that, $XONE was halt for trading by day close and after hour already reflected even further downdraft.

Pretty much all the unrealized gain $XONE worked so hard for the last three weeks just vanished in the space of two days.  Perhaps, I need to rethink the idea of $XONE as a long-term hold.  I’m going to see if there is a bounce tomorrow morning; if not, I may just take my small losses (coming from a large unrealized gain) and move on.

After selling out of $GALE and $AMRN to lock in profit, I found another stock that seemed to be calling my name when I glanced over the chart.  I came upon $SEED in one of  The Fly’s post.  I like $SEED for its essential presence in China and the fact that they are specializing in GM seeds as well.  GM as in genetically modified seeds.  Fundamentally speaking, I believe China has no choice but to allow more GM crops to feed its massive population.  GM crops are less susceptible to insects and diseases so that productivity increases during harvest time.  For some reason, I’ve a hint that 2014 may be the year for GM crops; thus my interest in buying $SEED today.

Of course, the green bar today near the 79 $ 89 MA lines also gave me confidence to initiate the position.

Not counting the after hour on $XONE downdraft, my portfolio was actually higher today thanks to $KNDI up day.

Current holdings:

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

My 2 cents.

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The market finally had a decent size correction  to kick off 2014.

Fortunately for me, $GALE had another stellar day which more than offset the corrections of the other six stocks.

$GALE continued to head higher after it made an announcement of its acquisition of Mills Pharmaceuticals that would give its the worldwide rights to GALE-401, a patented, controlled release formulation of anagrelide which is used as a treatment for essential thrombocythemia, a rare bone marrow disease.  Not a bad move, first, it acquired the right to Abstral and now GALE-401; both can have revenues stream coming online to support the NeuVax research.

While the daily chart looks good, I’m still wary of a correction that may come any time.  Let’s see how price hold on to its gain tomorrow.

Next, after seeing $AMRN began to close below the support at $2.19; I began to restructure my risk exposure.  Instead of holding a large number of $AMRN shares, I decided to lock in some profit from my $1.6x entry by exiting 2/3 of my position.  I then bought more Jan $3 call options to make up some of the shares I sold.  This way, if there is a FDA positive result, I can still participate in the gain; but if FDA denies once again, I will lose mostly on the option premium which will be less than if I still hold all my original position size  if price drop back to $1.5 or lower.

$CERS made a nice attempt to reach $8 but only got as far as $7.85 before the market correction brought it back down to earth.

With the cash from the sales of $AMRN today, I may add more $CERS provides price doesn’t take out today low tomorrow.

$XONE had a strong morning when price took out $70 resistance; but by the end, the general down market dragged down $XONE as well.

What I like about the $XONE chart is that price is still above the support (blue) line.

$KGJI couldn’t stay above the $1.85 resistance.

This one will require a lot of patience on my end. 2014 has just begun so I’ve plenty of time to wait this one out.

$KNDI, $LRAD, and $TINY were all going thru minor fluctuation so I won’t bored you with the charts.

Thanks to $GALE rally today, my portfolio continued to head higher.

Current holdings:

KNDI, LRAD, GALE, CERS, KGJI, XONE, TINY, AMRN and 4% cash.

Regarding $PHOT on my other account:

$PHOT had a nice bounce today.  Let’s see if price can continue to bounce higher tomorrow.

My 2 cents.

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Another neutral day for the general market; however, on the SP500, it is definitely biased to the upside due to the consecutive positive closes from Tuesday to today.

Today, except for a small correction on $KNDI, my other seven stocks traded higher at the close.

$GALE continues to trade well and price action is now trading above the 5 MA line which is very bullish from my perspective.

Notice price action is also following the upper band of the Bollinger band.

$KGJI is testing the resistance at $1.85 once again.

It is looking more and more feasible that by next week, price will trade over that resistance.

$CERS has a strong week and price took out the resistance of $7.13 from early October.

From the weekly chart above, I can deduce that price will head much higher from here.  $8 is the next target.

$AMRN is able to close above the December high of $2.19 today.

This is definitely a good sign since it is reflecting a general consensus that FDA “may” come out with some positive response by Jan. 15th.  Of course, this is still a gamble on a binary event; but I sense that the cards may be in our favor the way a card counter know that the dealer may bust giving the number of high cards in the shoe.

$TINY finally came back to life today with price action closed above the 79 & 89 MA lines.

Notice that the Bollinger band had shrunk with price action closed above the upper Bollinger band.  There is a possible breakout to the upside in the next few weeks.

$LRAD is holding its ground above the $1.90 price zone.

See how the 5 MA line is now beginning to point up and may be crossing over the 15 MA line next week.

$XONE continues to hold its ground above the November high at $64.70 support..

I like the fact that price closed above the 5 MA line.

And finally, $KNDI continues to trade inside the consolidation range (grey box).

Since the overall trend is still up, I’m not worried about current price action.

Since seven out of my eight stocks closed higher today; my portfolio continued to head higher.

Current holdings:

KNDI, LRAD, GALE, CERS, KGJI, XONE, AMRN, TINY (fully speculated)

Regarding $PHOT on my other account:

As you can see, price bounced off the 15 MA line near the $0.19 line.  I added some more shares a bit below $0.20.  Since I’m still sitting on unrealized gain on my $PHOT speculation, the additional shares I’ve bought yesterday and today are considered averaging up.  I’m still a believer in $PHOT from a long term perspective.  Why do I worry about a 20 cents correction when I’m looking for dollars plus gain in the years ahead?

My 2 cents.

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Today was another neutral day for the general market.

In the same manner, my main portfolio also had a neutral day with three stocks up, three stocks down, and two unchanged.

$AMRN had a huge spike up that last thru out half of the day before it came crashing back down to a slightly positive day.

As we get closer to the Jan 15 FDA decision day, volatility will continue to increase.  Let’s see if price can maintain the upswing tomorrow to end the week in a positive note.

There is really nothing much to report for the eight hi-beta stocks in my portfolio today; however, $PHOT had a wild wild day.

At first, price gapped up and proceeded to head much higher.  After reaching intraday high of $0.467, it corrected a bit and bounced right back up to $0.46 before yoyo-ing b/w $0.38 and $0.44 thru-out half the day.  Then out of the blue, price began a waterfall action that was quite brutal; so brutal that the thought of selling shares entered my mind.

“Get out to lock in profit!”

But then I began to calculate…

“Price is dropping so fast that by the time my order get filled, I may as well get out at the bottom of today range; so why even bother if I still want to buy this stock back later.  I may as well be chasing this stock back up which will then increase my cost basis for no reason other than thinking I can time the market perfectly.”

Instead of acting on automatic pilot like I did with $SSYS trade which took me out of the trade and missed the ensuing bounce, I began to wait for it to settle down before picking up some more shares to take advantage of the correction.

Take a look at the daily chart above, if you take away yesterday big jump, today close represents just another small up day.

Current holdings:

KNDI, LRAD, GALE, CERS, KGJI, XONE, AMRN, TINY (fully speculated)

My 2 cents.

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Based on the SP500, market had a neutral day today.

On the other hand, both my portfolio makes new high today; the main and other account with $PHOT.

With the free cash available after the three days settlement was over from cutting my losses on $NUGT, I chose to add more $GALE and some $CERS instead of finding a new stock.  Why?  ’cause both of these stocks were heading higher in the morning.

$GALE gapped up and never looked back.  Seeing that price took out yesterday high and took out the opening range at the same time, I put 3/4 of the available cash into $GALE to go with the momentum.

How would I know $GALE would keep going up after I added?  I didn’t; however, statistically speaking, a strong upward momentum tends to have a high probability of continuing.  It is simple Newton’s law of motion.  See how price bounced off the 5m 79 & 89 MA lines?  Magical, isn’t it?

I also added to $CERS today ’cause it took out $7 buck .  I’d been waiting for this to happen and it did today.

Did you see how price also broke out of the previous high set in early October today?  Now that $7 is breached, it is ready to move on to $8.  I’m in the camp that there is a high probability FDA will approve $CERS’  blood purification system.

$KNDI had a wild run to the upside today and made new high before it came back down to cool off.

Today price action tells me that the market is looking for any excuse to run the price up.  There are a lot of people on the sideline waiting for any definite news to show proof of concept to run this up.  That is how I see it.  Still holding my position long and strong.

$LRAD finally bounced back up strong from the support (blue line).

Due to the fact that $LRAD is my 2nd largest position, today run up add fuel to move my portfolio to higher ground.

Today, six of my eight stocks moved up today, with $GALE leading the gain percentagewise, which allow my portfolio to reach a new level.

Current holdings:

KNDI, LRAD, GALE, CERS, KGJI, XONE, AMRN, TINY (fully speculated).

On my other acccount:

$PHOT had a “belated” monster run.

As I believe in the business model of $PHOT, I can only see that price can only go up and up.  With more States coming on board in coming years, $PHOT can become a force to behold if they manage it right.  With former executive from Microsoft and a stellar group of directors on board, I can only feel excited of the future prospect.  Continue to hold for $1+.

My 2 cents.

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The market roared back up today.

The only change I made today was to dump the $NUGT trade after it gapped down at the open.  Although it bounced back to close positive for the day, I’m not sure if the upward momentum is still intact.

$KNDI bounced back up hard in the morning but by midday, sellers again tried to bring it down.  Like a coiled spring, price bounced back somewhat before close.   I’m seeing a lot of resiliency in $KNDI.  All it needs is proof of concept by news of delivering of EV to new car-sharing garages for price to keep on moving higher.

Let’s see if price can continue to bounce higher tomorrow.

$KGJI finally broke out of the downtrend line and it just needs a little nudge to move it out of the $1.85 resistance reflected by the blue line in the daily chart below.

by the look of it, I think it is ready to rally.

$CERS continued to move higher.  We may be able to see a break out over $7 soon.

I like to see price takes out the 11/29 high at $6.86 by tomorrow.

$GALE continued to move higher as well.

I like the slow climb gradually over a quick run-up when I believe in the long-term prospect of the company.  $GALE seems to fit the bill here.

Today, four out of my nine position (shown above) rallied while the rest tumbled slightly; still my portfolio gained nicely due to $KNDI bounce back.

Current holdings:

KNDI, LRAD, KGJI, CERS, XONE, GALE, AMRN, TINY and 4% cash.

My 2 cents.

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Oop! Market went down slightly again today.

And $KNDI went down even more.  I was expecting a correction like today and I was sorely tempted to take profit when it was trading back over $13 in the morning.  Again, I’ve to remind myself of the long-term perspective.  I put $LNG in my vision and then $CLDX.  Then I put the price action of $XONE for the last month in my vision as well.  $XONE traded below my initial buy at first and then it came back in spade.  $KNDI will do the same.  It will come back.

After some visualization exercise, my itchy fingers no longer felt like pressing the sell buttons; instead I bought some June call option ($15 strike price) to take advantage of the dip.

$XONE did well today despite its still being down for the day.  Instead of down near 6%, it came back up to settle for a negative 1.58% only while its peer $DDD & $SSYS were down 4% and 6.2% respectively.

Overall, six out of nine stocks were up slightly.  Due to $KNDI being my largest position now, it pulled my portfolio down a bit.  But I’m not worried yet.

On my other account, $PHOT continued to move ahead.  My unrealized gain has doubled but I intend to hold for much longer term.  Like I predicted, the shortage of legal pot is far more extended than expected.  Once Colorado proves to the rest of the country that it can generate mega-tax revenues from legalized cannabis, other States will want a piece of the pie as well.  $PHOT has the potential to become a billion dollar company if it is managed properly.  That is why I like this stock in the beginning when they hired the former Microsoft executive to run the ship.

It has been a long day for me so I’m not putting up any charts today.

Current holdings:

KNDI, LRAD, KGJI, XONE, CERS, GALE, AMRN, TINY, NUGT (fully speculated)

Other account: PHOT plus various option trades.

My 2 cents.

 

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Despite the DOW being up 28%, I considered it a neutral day since the SP500 closed slightly lower.

Today was a small correction day for my portfolio and was also the first change I made to my mixed bag of stocks.

Price action on the 5m chart on the $INO was acting very skittish in a downward fashion.

Immediately, my attention zeroed onto the chart and my trading sense told me to get out quickly when price took out the low of the last three days. I could sense a waterfall price action was about to happen so I sold.  Even though I like this stock for its possible multi-baggers potential, I’m keenly aware, from experience trading $INO, that once the upward momentum of the price action is stalled, price can drop pretty fast.

After I sold, price continued to head lower to the 15 MA line and bounced off from it.  I would look for a possible buy back when price find support at the 79 & 89 MA lines.

With the available cash free-up from sales of $INO, I added to $XONE and $AMRN to round up my position size and moved the rest to $NUGT.  I was expecting price action to take out the resistance of $31.44 and breakout to the upside.

It didn’t happen today; so I’m going to see if it will happen next week.  If not, I will have to cut my losses and wait for $INO to find support before jumping back in.

$XONE was doing fantastic today.

It finally broke out to the upside by taking out resistance from previous high of $64.70 established back in November 2013.  Today break-out is just the beginning of an upward momentum for the rest of the year is what I think it is.

$KGJI continues to bounce up from the 79 & 89 MA lines which tell me next week may be a rally week.

Price is now a short walk to break out of the downtrend line.

$CERS also broke out of the downtrend line.

I can see more rally ahead next week from here.

$LRAD was disappointing today since price took out the lower band of the consolidation to the downside.

Let’s see if price can bounce off the blue support line next week.

$KNDI had a healthy correction that didn’t take away too much gain from early this week.

Just from the look of the chart, I can see more rally next week.

Since both $LRAD and $KNDI are the two largest position in the portfolio, their correction can drag my portfolio down quite a bit.  But thanks to rallies from $CERS, $XONE, and $KGJI, my loss today was not that bad at all.  Even with today minor correction, this week was a great week for my portfolio.

Current holdings:

KNDI, LRAD, KGJI, XONE, CERS, GALE, AMRN, NUGT, TINY (fully speculated).

From my other account:

$PHOT had a strong opening this morning and I was very tempted to lock in profit when price hit the high of $0.25.  But then I’ve to remind myself that this is a long-term play and I’ll need to hold this for at least twelve months to capture the long-term capital gain tax rate.  I like to see more States join Colorado in legalizing recreational pot.  If this can happen, $PHOT will continue to head higher thru out the year in anticipation of more States coming on board.

Today, we have a long-tail (both sides) doji bar.   Let’s see which way price will go next week.

My 2 cents.

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