Market continued higher; but I’m sensing a bit of wearisome here…
Nevertheless, it is only the first day of the week, let’s see where price goes the rest of the week. I’ll be cautiously optimistic from here.
I didn’t have too much cash free up from the three days settlement so I used what I’d available to buy back some $AMRN I sold Friday since price just won’t drop back down like it used to.
Price looked strong from the chart but it is now banging its head against the downtrend line. However, if price takes out the high of $1.53 from May 28th, I may add more. While I sold too earlier before, I’ve to look at it from a new buyer’s perspective in order to jump back in. If I was to “regret” my past action, I might not be able to buy back in. Thus, it is important that we let the past be the past and look at each trade with a fresh eye even though you’ve just cut the trade. It is all about catching the momentum and flow with it. It is NEVER about catching the bottom or selling at the top. Although sometimes catching the bounce at the right time may make it look like you have caught the bottom, the reality is that they are just coincident.
$LRAD continued to struggle in the consolidation range.
In the absence of news, price will be hanging around this area for awhile. However, I like the fact that price is now climbing back above the 79 & 89 MA lines.
$DMRC bounced some more today.
Price is now climbing back into the 79 & 89 MA lines which, to me, is very positive. Tomorrow, $DMRC’s Digimarc Barcode will be a showcase at the Food Marketing Institute (FMI) Connect 2014 being held June 10-13 in Chicago, IL. Let’s see if this will move the stock this week.
Due to $LRAD correction, it offset the gain from $DMRC almost perfectly. Thus, my port was even for the day. YTD remains at 3.3%.
LRAD, DMRC, AMRN, and 42% cash.
My 2 cents.
Categories: Daily trading Journal