05-27-2014 Trading Journal

Up Up and Away Part 2.

SPY_Daily

Did you see today bar on the chart?  It sure looks like a wide open space in the new frontier.

I used the last remaining cash to buy $BIOS today.  I’ve been eyeing $BIOS on and off and I believe now is the time for me to take a position for a ride back to the top.  $BIOS has been working on creating synergy in their acquisitions and I believe they’ve finally succeeded in doing so.  Their recent earning transcript convinced me that they are now on the path to profitable future.

BIOS_daily

Based on the chart, today price action took out the resistance during the day.  Although I bought in after they took out the resistance, price fell back below resistance at closing bell.  Nevertheless, I’m continuing to hold for more bounce down the line. Also, notice that the 79 & 89 MA lines are now converged together into one with price closing above it today. This is very positive chartwise. This may also be a long-term hold if management can keep growing their business.

$FSLR disappointed today with a  low percentage increase so I sold it for small profit and moved the proceed over to add more $AMRN, $CLDX, and $SEED.  I’m now back to 100% invested/speculated.

Except for $SVBL and $SEED which turned slightly negative for the day, the rest of my portfolio enjoyed gains which pushed my port up 1.3%.  YTD gain is now 7%.

Current holdings:

LRAD, DMRC, SVBL, KGJI, SEED, AMRN, CLDX, DNN, and BIOS (100% invested/speculated)

From my other account:

I’m still holding off from going back into the cannabis market.  I’ll wait and see.

My 2 cents.

 

 



Categories: Daily trading Journal

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