Market opened down and spent all day working its way back up to the surface. It came close but no cigar; it was still under water by closing bell.
Seeing that $GOGO was still trading below the daily 15 SMA line, I decided to close out my position to take the losses. Well, later on price action of $GOGO took a better turn and headed back up without me. Oh well, that is the way the market works, moving on.
$KNDI did not gapped down from further bear attack so I decided to nibble back into my position. Later on, a positive rebuttal against the bear attack from SA yesterday drove the price back up but only for a short moment. Like a balloon without a tight noose, the air leaked and price came back down to stay a bit under water the rest of the day. At least, price did not tank big; that was the good news.
$AMRN rallied hard against in the morning and I decided to add more to my swing trade position. But the morning rally did not last, like $KNDI, air leaked and price fell back down but still remained positive for the day. Thus, I decided to hold on to my addition for the duration to the FDA ADComm. While everyone said it is going to be a binary event- yes or no type of a deal, I’m feeling positive about the FDA meeting; therefore, I’ll most likely hold on to my big position all the way thru the ADComm meeting.
I used to own $CLIR and made some nice money off it. Now that price had come back down to low $7, I decided to buy back some for the bounce. I particularly like the hammer formation from three days ago. Let’s see if I buy at the right time for a rocket launch; perhaps some good news on partnership with a big industrial firm.
Due to $LRAD having a bad day, it dragged my portfolio down a bit despite good showing on $CERS, $AMRN.
CERS, LRAD, AMRN, KNDI, GALE, SSYS, TTWO, XONE, CLIR and 11% cash.
Categories: Daily trading Journal