The market took a sneeze and went back up to close softly on the upside.
Look like it may continue to head higher from here.
Scientists are now saying that lower triglycerides can protect you from heart attacks and strokes. As a result, $AMRN opened higher. I waited all of five minutes before buying more. Hindsightwise, I should wait at least an hour before buying.
Price gave back half of the gain by day close. Nevertheless, I’m impressed with the scientists’ view on this. This further support the Japanese Jellis study that showed 50% of patients have lower heart attack than controlled group. My own body is telling me that the Vascepa is conducive to my healthy well being. So, I bought more and I even sold some $BIOS to buy even more. I’m betting that eventually BP will eventually capitulate and offer a fair price to buy out $AMRN. I’ll have to remind myself to sit on this one instead of trading in and out of it.
Today was an excellent day for me. $LRAD, $DMRC, $AMRN, $KGJI all spiked up nicely.
:Look at $LRAD spike-up. Price took out the two previous pivot highs.
$DMRC went back up today but it was an inside bar compared to yesterday bar. All I need is for $DMRC to trade higher than today high tomorrow and we can see a much higher price coming.
$KGJI spike up but bumped its head against the 79 & 89 MA resistance lines and fell back down. Nevertheless, it was still up for the day. $KGJI is way undervalued based on fundamental and I’m going to sit on my position and wait out the anti-Chinese-gold-stock climate.
$SWIR, $NMRX, and $BIOS all corrected a bit but did not stop my port from gaining a nice 2.3%. YTD gain is now back up to 7.5%.
LRAD, DMRC, SWIR, AMRN, KGJI, NMRX, BIOS and 1% cash.
From my other account:
I bought TWEED (TWD.V) today to participate in the cannabis sector. Forget $FITX for now since they don’t even have a license yet. TWEED is already selling under the Canadian MMPR program and recently just announced they are expanding their production facility in a different location. They are in motion so I’m jumping in on this one.
See how price took out the recent consolidation range today and traded higher. More good thing to come when they get new license for the new location.
My 2 cents.
Categories: Daily trading Journal