The market rallied back up inside the previous consolidation range.

It is looking good from here.

Today, three of my six stocks staged strong rally of over 6% with $AMRN leading at 11.5%, $LRAD at 8.3%, and $HYGS at 6.7%.   In term of dollar gain, $LRAD lead with $HYGS second, and $AMRN third simply because $LRAD is my largest position with $HYGS being the 2nd largest.

$AMRN, for some reason, was rallying hard with no news.  Maybe somebody knows something…

Price broke out of resistances that went back from May to July.  This is very positive for the bull.

$LRAD went over the upper bar of the Andrew’s Pitchfork which was a very powerful move.

Next resistance is the Aug 2011 high at $3.36.  The above is the weekly chart.

$HYGS broke out of its recent mini-consolidation range.

Price looks good to move on to $28+.

These three positions helped my port gained an astounding 5.5% in one day. YTD gain is now at 14%.

Current holdings:

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

My 2 cents.

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Market continued to bounce ahead.

Price close above 15 MA line with the 5 MA crossing over 79 & 89 MA lines.  It’s all good for the bull.

Today, five out of my six stocks went up with $STV remained unchanged.

$LRAD continued to roar ahead!

Price momentum is very strong and volume is quite decent as well.  There are simply too many potential huge catalysts for this one to remain neutral.  I’ll be holding this one for quite awhile.

The rest of the four stocks bounced slightly so I’m not going to put up charts.

Thanks for $LRAD stellar performance, my port went up another 3.5% and YTD gain is now 8.5%.

Current holdings:

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

My 2 cents.

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Market correctly softly today.

From the look of it, it seems harmless.  Price is still above the 79 & 89 MA lines.

Today, three of my stocks were up against three down.  Unfortunately, two of the down stocks are my top three largest positions.

$HYGS finally corrected.

I would consider it’s a healthy correction.  I’m continuing to hold for fundamental reason.

$DMRC gave back gain from yesterday plus some.

Still I’m not faded by the fallout for I’ve faith that fundamental will rule out in the end.

$ORBC continued to bounce.

I also believe that fundamental will win at the end when the seven new satellites are put into active use.

$LRAD continued to surge ahead.

Resistance is still the previous high of $2.48.  Price may or may not correct from profit-taking over here; but I’m holding my shares regardless.

Due to the large drawdown from $DMRC and $HYGS but was cushioned by gain from $LRAD, my port gave back 1.7%.  YTD gain is now 5%.

Current holdings:

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

From my other account:

I sold $INFN in the morning to cut losses.

My 2 cents.

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The market started the week off with a bounce.

While it was not a spectacular bounce, it was decent enough for the first day of the week.

I’ve another good solid day with 5 out of 6 stocks being up for the day.

$LRAD continued to moved higher albeit with lower volume than last Friday.

Price closed above the mid-point of the Andrew’s Pitchfork uptrend line.  Momentum is very strong after the conference call.  The numerous sizable deals on the tables are all strong catalysts for higher price in the near future.  Click here if you are interested in learning more.

$DMRC also did well with a solid bounce.

Price climbed over the 15 MA line and the formation of a V-shape bounce is being developed.

With the exception of $STV which was down for the day, the rest was consolidating with bias leaning on the bullish side.

Thanks to $LRAD and $DMRC, my port gained 3.4%.  YTD gain is now 6.7%.

Current holdings:

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

From my other account:

$INFN tried hard to break out but couldn’t do it today.

If price falls from here tomorrow, I may have to bail to cut losses.

My 2 cents.

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Finally, the market bounced nicely.

See how the price closed above the 79 & 89 MA lines?  The chart looks good for a continuing bounce.

Today my port made a nice comeback.

$LRAD opened high and proceeded to reach the after hour of $2.46 high with high volume.  But, as expected, profit-taking came in and dropped the price back down to a respectable 15% increase for the day.

From the weekly chart above, price closed at the previous resistance at $2.24 which was the high back at early February. If the general market continue to bounce next week, I don’t see why $LRAD will not follow with higher price.  Any news on deals mentioned on the earnings conference call will cause price to spike up.  I expect it to break out of previous high of $3.36 established in the week of August 1st, 2011.

Per the Q3 earnings conference call, there are numerous potential sizable deals on the tables that may become revenue in Q4 and beyond.  Any news on any successful deal will take price to the next level.  The larger the sales amount in the deal, the higher the price will go. Still holding long and strong.

Due to delay of FDA decision to mid-September, $AMRN did not jump. In fact, $AMRN traded down but recovered near the close.

I like the way $AMRN closed on the chart.  A long tail with close at the 89 MA line.  I can see a bounce coming here.

Although $HYGS was the only stock in my port that was down, the chart still looks strong.

See how price closed above the 5 MA line.

$ORBC closed strong with a bullish engulfment bar today.

I can see price bounce from here to $7 and beyond.

$DMRC and $STV continued to hold steady and leaned toward bouncing higher.

Thanks to the spectacular rally from $LRAD, my port was up 3.9% for the day with YTD gain now at 3.3%.

I’ve a good feeling that I may end the year strong provided there is no large market correction to intervene.

Current holdings:

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

From my other account:

I added more $INFN.

The daily chart above tells me that the probability of a break out is still above 50%.

My 2 cents.

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It was quite disheartening to see price collapsed after the market was enjoying being on a positive side during the morning times.

Seeing that after hour SP500 was down ten points, it didn’t look good for tomorrow either.  Let’s see if $SPY can find support at the $189 – $190 area.

I was fortunate to see that four out of six stocks in my ports closed higher.

$HYGS continued to surge ahead.

The current upstream is very strong.

After listening to the earnings conference calls on both $LRAD and $AMRN, I’m very excited about their future prospect.  $LRAD after hour was an impressive 26% jump.  But then the true gauge will be after tomorrow open.  Giving the many new deals that are on the table, I can see this one going over $3 soon.  However, the general down market may try to drag everyone down tomorrow.  Maybe $LRAD can ignore the bearish market sentiment.

In $AMRN case, the FDA decision is now delayed till mid-September,  Meanwhile, earnings was quite decent.  I anticipate a slow climb up from here.

Thanks to $LRAD, $HYGS, and $DMRC, my port gained 1.1% today.  YTD losses is now narrowed down to 0.6%.

Current holdings:

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

From my other account:

$INFN did well in the morning but succumbed to bear market pressure and closed lower for the day.  The more I researched $INFN, the more I like it.  I’m going to give this one a bit more time to breath.  But after hour bearish SP500 makes me think that $INFN will open down.  I may not hold for long since this is my trading account and not the “hold for fundamental development” account.

My 2 cents.

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Market dived head first into the water and then swim back up to the surface slowly.

I like the fact that price climbed back high enough to close around the support areas.  Now it needs to consolidate around this area to take a rest before bouncing.

Today, I’ve a slight bounce on my port due to rallies from $HYGS and $DMRC.

Both $LRAD and $AMRN report earnings tomorrow.  I’m like a boy looking at the upside down turkey with legs up in the air.  “Hmmmm…..” rubbing my hands together in anticipating of a glorious feast.

Yeah, right.

I don’t expect anything fancy on the numbers; however, I’m expecting it to show strength in the build-up of the business.  Both $AMRN and $LRAD are on the same boat.  Both needs to show that the world is waiting for their products with open arms.  $AMRN, however, has an added dimension that make this one even more exciting.  Like a gambler kissing his dices before the roll, I knocked my knuckles on my solid wood table for the effect.  Will the FDA change its mind?  drum roll…… for the decision may appear anytime this or next week.

Thanks to uptake on $HYGS and $DMRC, my port was up 1.4%.  YTD losses is 1.7%.

Current holdings:

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

From my other account:

I picked up some $INFN today looking for a breakout play.

Take a look at that long narrowing consolidation range.  Today long green bar may be the push that is needed to take out the box and move on higher.  We will see.

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 market took another tumble albeit a relatively small one compared to yesterday.

Looking at the chart, you can see for formation of a doji bar right on the 79 & 89 MA lines.  In a normal circumstance, a doji at any support or resistance has a better than 50% chance of reversing from current momentum.  Without resistance or support nearby the doji, it is more of a pause of existing trend.  Notice I stated “better than 50%”; not necessary in the high percentile of 70% and up.  However, if I’m a betting man, I’ll bet it is going to bounce next week.

While I got away yesterday from bigger losses, market found a way to hand it back to me today.

First, I sold my whole lot of $KGJI simply ’cause I was annoyed by the withdrawal of the cash dividend that was posted to my account.  Since I used the cash dividend to add more $AMRN, the withdrawal put me in a deficit cash situation (remember, I’m 100% invested in a non-margin account) and I received a debit call from my broker this morning.  I’ve never experienced a retraction of cash dividend ever after being posted to my account by any company.  This retraction was a red flag no matter how you spin it.  Waiting for approval from provincial government?  What if the provincial government denies approval?  Does that mean, “Sorry folks, we tried to give you dividend, but the big boss says no.” 

Anyway, to relieve my cash deficit, I sold some $KGJI to balance it back.  Then before I knew it, I sold the whole lot ’cause I just didn’t like the red flag that was handed to me in a silver platter.  With the add’l cash, I added more $HYGS.  Yes, I am a big believer in the emergent relevancy of fuel cell technology.

The irony of the day is that $HYGS is the only stock in my port that went up today while the other five stocks were down.

Take a look at the weekly chart above. This week was an up bar that continued from last week up bar while the $SPY had a big down weekly bar this week.  The counter-trend against the falling general market makes $HYGS a very bullish stock when general market turns bullish. Imagine seeing the beginning of the 3rd wave of the five wave Elliott Wave Theory on the weekly chart.  I can see $100+ when the 3rd wave complete its run.  Pardon my excitement here.

$DMRC continued to disappoint but I’ve resigned to wait this one out.  A sudden turn-around can be expected if a deal can be struck with any big name retailers.

$AMRN gave back was expected as I had stated yesterday.  Without FDA response today, no one wanted to hold thru the weekend.  However, giving the volume yesterday compared to today’s, I suspected a lot more people are holding for the FDA decision.

Today damage was 2.7% against my port and YTD losses is 4.1%.

Current holdings… and then there is six…

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

Notice that $HYGS is now my 2nd largest position.  $DMRC will have to earn its place back by climbing back up in the near future.

From my other account:

I bought $KNDI for the bounce and bounced it did; but it also took out my breakeven stop later on.

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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