06-02-2014 Trading Journal

The market decided to start June with an up day despite the pressure from the Bear to bring it back down.

SPY_Daily

I said the bull won the battle today once again.

While the bull won the SP500, my port lost the battle today.

$DMRC took a hit again which I’ve no choice but to stick with the drawdown.  I’m holding $DMRC for the event play.

What event?

Well, I’m waiting for $DMRC to announce some retailers’ adoption of the Digimarc UPC code format.  While I don’t know if the new format will be adopted at all, all I know is that I’m betting that it will.  While I stand to lose quite a bit of dough if it is not adopted, the reward of being adopted will be mind-blowing.

It was a good thing $LRAD closed back at neutral after being down all day; otherwise, my port would have taken a much bigger hit.

I also sold $AMRN to cut losses in the morning when price failed to hold above $1.40.

Due to correction from $DMRC, $KGJI and $AMRN, my port gave back 1.1%.  YTD gain is now 4%.

Current holdings:

LRAD, DMRC, BIOS, KGJI, SEED and 20% cash.

From my other account:

$NVLX bounced back up today.

NVLX_daily

I like the fact that the 5 MA line is hooking back up.  Momentum indicators at the bottom are also coming back up from below.

My 2 cents.



Categories: Daily trading Journal

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