02-18-2014 Trading Journal

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.

MZOR_weekly

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.

KNDI_daily

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.

CERS_daily

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.

LRAD_daily

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.

XTRM_5m

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.

XTRM_daily

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.

FITX_daily

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.



Categories: CERS, Daily trading Journal, FITX, KNDI, LRAD, XTRM

Tags: , , , , ,

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