Today was a stuck-in-mud day for the bull.

The good news is that price is still inside the 79 & 89 MA lines and above the 5 MA line.   There is still no sign of the bear nearby despite being stuck.

Today, only one turned red in my port.  I also bought a starter position on $XONE.  I’d been eyeing this one for awhile and decided today would be the good day to go in.

Price was barely above the 5 MA line when I bought and I like the fact that price was staying above the 5 MA line during the morning time when the market was in negative territory.  It was a good buy since my position is in solid green by closing bell.

$DMRC continued to march ahead.

After an initial dip, buyers came back in to drive the price back up.  Just as easy as the short had walked the price down, the bull is walking the price back up.

$LRAD spent the day maintaining its range above the 79 & 89 MA lines while waiting for the coming earnings result.

While price hasn’t shot up yet, everything in the chart tells me something is about to happen soon.

$ORBC continued to disappoint by having another down day.

I’m curious about the coming earning result. Did they pick up more customers from the new six satellites they recently launched?  We will have to wait and see; but I’m confident the fundamental behind $ORBC will be in solid ground in 2015 and beyond.

Thanks to $DMRC continuing strong rally, my port gained another 0.6% today with YTD gain at 9.1%.

Current holdings:

LRAD, DMRC, ORBC, XONE and 13.9% cash.

From my other account:

$MCIG had a correction today.

I’m still holding ’cause I like the fundamental behind Vitacig.

My 2 cents.

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“Bear market?  What bear market?”

And the bull kept on going, going, and going.  The above is the weekly chart. A very powerful green bar coming off the high volume hammer-like candlestick from previous week.  It isn’t that far from previous high, you know.

Today was a learn to trust your “instinct” lesson in the disguise of the $AMRN trade.  Early this week, I sold my whole position of $AMRN for a gain (instinct) and watched the price spiked back up to $1.10 before price settled back down.  Seeing that price wanted to go up, I was anxious (lesson: anxious is definitely NOT instinct) to buy it back the next day (which was yesterday). Seeing that price was holding at $1.05 at the open and that there a large bid supporting the price, I added some more this morning.  Then I went on my merry way.

“Whoa!” was all I could muster when I came back to look at the price after being away for awhile.  Price was printing $0.97 cents when I checked on $AMRN.  Without hesitation, I immediately liquidated my entire positions to cut losses.  The daily chart looked ugly:

As you could see, price cut thru the support of the whole week (new low for the week) and the volume was very high.  Somebody knew something and was dumping en mass.  If there is follow-thru next week with a new low, this could get even more ugly.  I’m going to see how low this will go before picking bottom.

Asides from cutting losses with $AMRN, I again went back in $NUGT but with a smaller position.  This time I decided to do away with the hard stop and opted for a mental stop.  The smaller shares allow more room for this stock to fluctuate around.  By closing bell, I’m still at breakeven from this morning entry.

Meanwhile, $DMRC continued to march ahead.

The weekly bar above reflected a turning point.  What I like about the chart is that price is now on top of 79 & 89 MA lines.  Looking back to January, you could see four consecutive up bar after the 1st up bar.  Will $DMRC repeat this pattern?

$LRAD, while it did not have the same “punch-out” pattern of $DMRC’s weekly bars, it showed a resiliency to hold the fort.

At least, it was a green bar above the middle of the Andrew Pitchfork line which could be a preparation for a coming bounce.

$ORBC is an example of what I prefer not to see.

It is a weekly red bar that showed it gave back gain from last week. However, the good news is that price is still above the 79 & 89 MA lines.

Due to losses from $AMRN, the gain to my port for the day was reduced to 0.2% despite a good showing with $DMRC rally.  YTD gain is now at 8.5%.

Current holdings:

LRAD, DMRC, ORBC, NUGT and 14.7% cash.

From my other account:

$MCIG weekly chart showed that it is holding steady here.

In other words, price is still basing here and have not made any move to the upside yet.

My 2 cents.

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After a good rest, the bull marched onward.

Price is now above the 89 MA line.  It needs to go higher to take out the 79 MA line.

Today, I bought back $AMRN but missed $INFN. I did not want to chase a higher open ($INFN) and had waited for a retracement that never came.

However, my two largest positions were doing fantastic- $LRAD and $DMRC.

Below is the $DMRC daily chart:

Price finally broke out of resistance that began in early August.  By doing so, price also took out the 79 & 89 MA lines.  Chart looks very good for a continuing rally from here.

$LRAD also took off from support.

Price bounced off from the 79 & 89 MA lines and took out the 15 MA line as well.  All is waiting for the large order of the mass notification system from one or two of the Middle East cities.  When good news come, this one will pop hard.

What can I say, I missed this beautiful gap up $INFN trade.

By not chasing it in the morning, I missed the follow-thru run.  Instead I went to buy $NUGT again and got stopped out.  Thinking back, the risk of chasing $INFN may be less risky than catching a falling knife on $NUGT.  I need to remember this lesson next time.

$ORBC was disappointing today ’cause it went down.  $AMRN was practically breakeven although it dropped slightly.

Thanks to $LRAD and $DMRC, my port gained back 3.7% today with YTD gain at 8.3%.

Current holdings:

LRAD, DMRC, ORBC, AMRN and 9.8% cash.

From my other account:

I added a bit more $MCIG.

Price is beginning to form a bottom with an inclination to move higher.

My 2 cents.

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The bull bumped its head on the 89 MA line and fell back down.

After three days of continuing up day, it’s about time to take a much needed rest.

Meanwhile I made two “not too keen” decisions.  I sold out of $AMRN and $INFN after the market opened.  I got a bad feeling about the market and felt that I needed to raise some cash.  I started off selling only 50% of $AMRN but ended up selling the whole load.  With $INFN, I researched market reaction to its previous earning calls and found out that more than 50% of the time, the price ended up reacting negative afterward.  Thus, I decided to play safe and sold at the open to avoid the risk.  My previous experience in giving back a sizeable gain from $CERS earning announcement is still fresh in my mind.  Another factor that made it easy for me to close out $INFN position is that I’ve not invested enough due diligence to understand its business the way I’d done with $LRAD, $DMRC, and $ORBC.

As if I was being punished, $AMRN spiked up to $1.10 after I sold and $INFN forward guidance resulted in higher price in after hour.  Oh well… I can’t hit the jackpot every time.  I may try to buy back in $INFN or $AMRN tomorrow.

I’m very satisfied with $DMRC progress per the earning conference call.  Regardless of price action either way, I’m holding my shares.  In a nutshell, one retailer is already in “production” with their Digimarc barcode and they are getting more retailers and major brands knocking on their door.  Their induction into GS1 partnership definitely helps grease the wheels so to speak.  If you need more information, you can read it from here.

Oh yeah, I doubled-down again on $NUGT with a tight stop and it was hit along with my original stop as well.  Basically, I’m now flat on $NUGT.  What more can I say?  This bottom fishing did not work out.

With more cash available, I couldn’t help but added a bit more to $LRAD.

With all stocks down today, my port gave back 2.5% with YTD gain at 4.6%.

Current holdings:

LRAD, DMRC, ORBC, and 17.7% cash.

From my other account:

I was tempted to add more $MCIG but decided against it.  It was struggling today but still closed decently.

Daily chart still shows a potential to bounce from here.

My 2 cents.

 

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Whoof!  The sudden movement went right pass your eyes and you could barely made out the shadow.  The gust of wind smashed your face with such force you had to find out what was moving so fast.  You took out your binocular and saw the horn of the bull before it disappeared into the horizon.

Up, up and away. And the bear finally lost its grasp…

Today, $LRAD, $DMRC, and $INFN went along with the general market.

$DMRC cautiously closed higher.

Price is at a very critical crossroad.  It is only a stone throw of crossing over the 79 & 89 MA lines. These MA lines are also happened to be at the resistance line of $25.4x that began all the way from early August.  Thus, a break out from here will signify a powerful rally ahead.  If not, it will fall back down.  Tomorrow after market close is the time when the fat lady sings.

$INFN also closed higher.

The bounce is strong but price is now at the Fib 61.8% retracement from the recent down trend.  $INFN is also reporting tomorrow after hour.  The prospect of getting two surprises tomorrow makes it a special event day- one that will impact my port one way or the other.  I’m leaning on the positive side, of course.

I got slapped by $NUGT today.  Price went higher after open and I double-down expecting it to hold steady or go up.  Instead it came back down to hit my stop for the new add.  At the close, I’m still holding my original position with the GTC hard stop still intact.

Anyhow, thanks to the three positive closings, my port gains another 1.4% with YTD gain at 7.1%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT, and 2.8% cash.

From my other account:

I decided to buy $MCIG as my way to get back into the cannabis/eCig sector.  I like $MCIG for both technical and fundamental reason.  Fundamentally speaking, mCig announced it has executed a landmark distribution agreement for VitaCig covering South Korea.  To me, this is very big in term of getting a strong push in promoting its VitaCig ecigeratte. Per news release, this may be the first of the many international deals in the near future.  I’ve reason to believe mCig may eventually become a main stream player with its popular VitiCig.  Why do I say that?

Well, I actually ordered the Viticig and gave it a try.

I couldn’t believe the amount of vapor (look like smoke) I could blow out from the tiny eCig.  I shared it to others and they all loved it.  And not only that, the price is quite right ’cause it is very affordable.  So, with proper marketing, VitiCig can hit the mother lode.

Technical speaking, the bounce today with high volume is a good sign that a bottom is settling in.

See how the 5 MA is turning up as well as the momentum indicators.

My 2 cents.

 

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The bull made another push against the bear and gained another foot of movement…

At least, the bull now emerged out of the rectangular box.  Now it needs to overcome the resistance from the previous low established back in August.  We will know tomorrow if this resistance can be broken to the upside.  If not, back to the box it will be.

Today was almost a neutral day for my port with two slightly down ($LRAD, $DMRC), three up ($ORBC, $INFN, $NUGT), and one even ($AMRN).

I was fortunate that my $NUGT did not get stopped out at the open.  In fact, price opened higher and spent the rest of the day continued upward.

From the daily chart above, the rally today only put the price back into the consolidation range.  In other words, price is still basing and there is no inclination of a breakout just yet.  However, notice that the 5 and 15 MA lines are now converging and it is possible that another up day will make the 5 to cross over the 15.  Thus, if there is another up day tomorrow, I may add to the $NUGT position.

$INFN rallied nicely to maintain a bullish stance.

Notice that the 5 has crossed over the 15.  Price action looks good for a continuing rally.

$LRAD managed to rally back to close at “almost” breakeven.

Notice that price is still hanging around the 79 & 89 MA lines.  I’m still very bullish with this one and anyone who sold has allowed the short-term traders to influence their conviction of the trade.  Not me, I’m hanging on to all my shares waiting for the big rally that is still simmering underneath the earth waiting to explode.

$DMRC’s judgement day may be this Wednesday.  Will the earnings call reveal the big retailer(s) who is/are testing the Digimarc barcode?  If so, do they love it?  Any positive news will move the price higher; however, another “we are not allow to disclose the name of the retailer yet” update will stall the advance unless it is qualified with a comment that they like what they’ve seen so far.

Thanks to $NUGT, $ORBC, and $INFN, my port gained 0.3% today with YTD gain at 5.7%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT, and 3.5% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

Comments »

The bear didn’t have a chance.  The bull simply dragged the bear along in its pursue of height.

The above is the weekly chart.  See how it ended the week escaping the tan rectangular box?  While it didn’t close above the box, it was definitely good enough to call it a win for the bull.

While the market was up, my port had a minor correction which was to be expected after it had defied gravity for most of the week.

I sold $KNDI in the morning when I still had profit to take.  I didn’t like the high open and then a sell-off afterward.  I also bought some $NUGT for bottom-fishing with a GTC hard stop below the lower bollinger band from the daily chart.  I wasn’t stop out by day close.

$LRAD and $AMRN were even for the day with $DMRC, $ORBC, $INFN, and $NUGT closing in the negative territory.

Below are the weekly chart which show more bullish tone except for $AMRN and $NUGT which are more on the fences.

$LRAD weekly chart below::

I like the fact that price closed above the middle line of the long-range Andrew’s Pitchfork (purple lines).

$DMRC weekly chart below:

This week bar completely recovered from last week red bar. Now it just needs to get over the 79 & 89 MA lines to begin the bull move.

$ORBC weekly chart below:

It was a strong green bar above the 79 & 89 MA lines.  Breaking out of $7 resistance will be the next target.

$INFN weekly chart below:

While I was late going in, this weekly bar looks strong for continuing upward momentum.  Price is also above the 79 & 89 MA lines.

$AMRN weekly chart below:

Price was neutral at the bottom.  Price needs to stay above $1 for survival sake.

$NUGT weekly chart below:

What more can I say, it is a catch-the-falling-knife play with a hard stop.  The reason why I decided to play this one is because of last week “almost” doji bar. It could mean a possible bottom. If it bounces from here, I’ll be OK; if not, I’ll be stopped out for sure.

Due to some minor corrections from $DMRC and $ORBC, my port gave back 1.2% for the day with YTD gain at 5.39%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, NUGT and 3.6% cash.

I noticed that $IBIO went higher today to close above $3.  While I did not take the trade, I’m happy for those who is sitting on profit.  I’m quite content with the money I made off from $IBIO and was “relieved” to be free from it.  To get back in will cause me to stress out about giving back gain I’ve made.  $IBIO is currently floating on air based on nothing more than their IP portfolio.  Any news of containment of the Ebola over the weekend will cause a gapped down situation in Monday morning.  I for one will certainly wish that this deadly Ebola will be contained over the weekend.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

Comments »

The greedy bear made one last pull and took the bull down at the open; but the bull had enough of the BS and climbed back up with such brute force that the bear could not stop the advance no matter how hard it tried.

Price climbed back up in the middle of the tan area which was good.  It also didn’t take out yesterday low which was double-good.  Now, the bull is set up to move higher; but it needs to take out today and yesterday high first.

Today, all positions on board are in green.  I dropped $CERS and bought $INFN and $KNDI.  I also added to $AMRN.

$LRAD finally made a small bounce.  At this point, any bounce is good.

Price did take out yesterday high so I believe we may see a bottom here.

$DMRC continued to surge ahead.

Price is now touching the 79 & 89 MA lines which are also converging into one.  I believe price will simply walk pass this magical lines tomorrow and rally hard in anticipating of next week earnings call.

$ORBC, like $DMRC, has been rallying hard this week despite general market turmoil.

Price is now gunning for $7 resistance.

$AMRN finally broke out of $1 resistance!

I’m glad I added more in the morning.  As you can see in the chart, price is forming a smooth slow curve heading back up.  It will probably be a slow grinding up from here.

I bought $INFN today for the bounce up. I had bought $INFN in the past but got out too early and missed the rise to $11+ from my 9ish entry point.  Now, I see an opportunity to get back in.

Price continued to bounce off the 79 & 89 MA lines.

$KNDI bounced hard after opening lower.

Seeing price took out the opening range, I decided to buy some shares to see if this has leg.

Thanks to all six stocks going up, my port gained 2.4% today and YTD gain at 6.6%.

Current holdings:

LRAD, DMRC, ORBC, AMRN, INFN, KNDI and 2.8% cash.

From my other account:

With DOW opened negative and $KNDI opened lower, I decided to close $KNDI position while I still had some gain left.  Turned out it was not a good move hindsightwise.  However, this mishap was more than offset by my “another” fortune of $IBIO gapping up after I got in yesterday at $1.30+.  Without hesitation, I sold at the open to lock in gain once again.  Although I did not buy as much as before, i still enjoyed the gain.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

Comments »

The bull, apparently suffered from vertigo, fell over backward and then rolled down the hill.  After vomiting out yesterday’s digestion due to the spinning sensation, it felt a bit better and was able to crawl back up some.

It was an ugly day but yet a redeeming one as well.  The price stayed inside the tan rectangular box and was a green bar that reflected the tenacity of the bull.  There may still be hope for the bull.

I’d another fortunate day.  While $LRAD went down quite heavy in the day, it managed to come back to minimize the damage.

That was a very nice long-tail doji with price closing very near the 79 MA.  If price can take out the high of today bar, it will be a very powerful bullish reversal signal.  In other words, $LRAD may find its bottom today.

Meanwhile, three of my other stocks closed higher for the day despite a down market.

$ORBC had a spectacular price momentum today.  You would think that there were no large market down day just by looking at $ORBC daily chart.

Price obviously cut thru the 79 & 89 MA lines like hot knife thru butter. Imagine where price will go when the general market begins the bull run again.  Something is cooking at $ORBC and I don’t know what it is.  But I don’t mind it ’cause I’m always bullish with their brand new state-of-the-art M2M satellites they have launched with more to launch by year-end.

$DMRC continued on higher which was quite a performance in a down day considered it was a low float stock that was easy to be manipulated.

As you can see, price is approaching the 79 & 89 MA lines.

$CERS is finding its footing giving current virus and baterial infectious climate.

Price actually filled the gap and bounced back up which is a good sign for the bull.

$AMRN was the second stock that was closed negative; but it was a small dip so I’m not going to put a chart on it.

Thanks to stellar performance from $ORBC and $DMRC, the gains were more than enough to offset $LRAD’s drawdown to still bring my port up by 0.5% higher.  YTD gain is now at 4.2%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.3% cash.

From my other account, I bought back a small (10% of original size) number of $IBIO for the bounce.  I also bought some $KNDI to test the water.  Both are in the black after closing bell.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

 

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The market really tried hard to rally; unfortunately, it went out of mojo to maintain altitude.

While price gave back most of the gain during the day, it at least closed higher.

Today, four out of five went up.  It was $LRAD that closed negative.

Nevertheless, price is finding support at the 79 & 89 MA lines.

$DMRC continued to head higher in anticipating of next week earning conference call.  Will the big retailers’ name be revealed?  Do they like the Digimarc barcode?

If price can take out the 79 & 89 MA lines to the upside, we are heading higher.  And if there are positive news regarding the big retailers, we will see a rocket launch soon due to the fact that $DMRC has a super small float of only 6+ million shares.

$ORBC also had a good day with strong momentum behind it.

Price broke out of its tight consolidation and approached the 79 & 89 MA lines to the touching point. Will it simply walk over the lines tomorrow?

$CERS had a spike up day.

Price is now on top of the 79 & 89 MA lines.  If it can find support on these two lines, it will be in good shape.

Thanks to four stocks being up, my port, after offsetting $LRAD drawdown, still came out with a 1.4% gain for the day.  YTD gain is now at 3.7%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN and 10.3% cash.

My 2 cents.

My reminder:

Wisdom from Warren Buffet:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”

Comments »