06-03-2014 Trading Journal

I’m amazed at the resiliency of the bull in the SP500.

SPY_Daily

While it was slightly down for the day, the bull possessed strength that the bear couldn’t overcome to make the market drop like a stone.

I bought back $AMRN for the bounce when price started to move up from the low of the day.

AMRN_daily

Price climbed back up to stay green after creating a lower low bar for the day.  Let’s see if the momentum will continue tomorrow on the upside.

Next, I bought $INO for the bounce.

ino_daily

Price looked like it was bouncing so I bought despite the fact that $INO will be doing a reverse split by end of the week on a 4 to 1 basis.

I think by doing a reverse split, management cover themselves by setting up a base level for the price to react to the coming Phase 2 result. If Phase 2 result is positive, the high price from the reverse split will allow fund managers to buy immediately to join the bandwagon.  And if Phase 2 result is less than expected, price still has a long way before it will drop below $1.00.  Thus, I’m betting on the side of positive result.

Due to corrections from $LRAD and $DMRC, the losses more than offset the gains from $BIOS.  My port gave back 0.50% today.  YTD gain is now 3.5%.

Current holdings:

LRAD, DMRC, BIOS, KGJI, SEED, INO, AMRN and 9% cash.

From my other account:

$NVLX is holding well so far.

NVLX_daily

Price is only a stone throw from breaking out of the downtrend line to head back up.

My 2 cents.



Categories: Daily trading Journal

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