Market “popped” higher at the open and stayed up all day without giving back much gain.
Let’s see if this momentum will continue this week.
The good news, at least for me, for the day is that SpaceX has successfully launched the six OG2 satellites for $ORBC this morning. $ORBC will have eleven more satellites to launch by end of 4th quarter.
Price bumped against the resistance from April 3rd at $7. Nevertheless, I can see price continues to climb from here. As far as I’m concerned, $ORBC has the most advanced satellites that support the growing M2M (machine to machine) technology. As being the first one to control the space with advanced satellites, I look forward to see $ORBC gains more new businesses as a result. I’m planning to hold this one for long-term. This could make up for the $LNG I missed out years ago.
$DMRC bounced some today but the gain was offset by a correction from $LRAD. $STV corrected a bit today but I’m not going to worry about this one unless the support at $4.2x is being tested.
Thanks to $ORBC, $NMRX and $AMRN bounces, it was enough to offset losses from $CERS and $STV to allow my port to gain 0.2% for the day. YTD gain is now 0.8%. I know, I know, these small % gain is as boring as the interest you earn from your money market; however, I’m looking for the “POP” in any one of my stocks that will make my day.
Case in point, $KNDI spiked 26% today due to news of a fantastic 2nd quarter. Nope, I wasn’t in it so I didn’t participate in its gain. Was I upset? Not too much since I did not have the conviction to go back into $KNDI. I honestly did not believe they could sell that many EV in the 2nd quarter. The fact that they did surprised me. For those who have the conviction, they deserve today big gain. Now, I’m exercising patience so that one day, one of my eight stocks will explode the way $KNDI did today. While I didn’t make money with $KNDI today, I look forward to making more with one or several of my stocks below:
LRAD, DMRC, ORBC, STV, KGJI, AMRN, NMRX, CERS (100% invested/speculated).
From my other account:
I added more $FITX today ’cause of the continued bounce instead of a correction from Friday up day.
My 2 cents.
Categories: Daily trading Journal