07-21-2014 Trading Journal

Market gapped down, traded lower and then spent the rest of the day climbing back up.

SPY_Daily

While it still closed lower for the day, I’ve to give the bull credit for fighting the bear bad breath to recover a chunk of the losses.

What more can I say?  While four of my stocks were up for the day, they were not enough to offset the continued avalanche of $DMRC.

DMRC_weekly

The only comfort I could see on the weekly chart above is that price is trading to the 89 MA and March 2013 support level.  I’m feeling like a fool holding the bag for now; but let’s see what Wednesday update has to say before I declare myself a bagholder for $DMRC.

The irony of my $DMRC ordeal is that while I traded out of $KNDI correction from $22 to $11.xx by getting out of $18.5x, I put myself back into the same dilemma with $DMRC.  Hindsightwise, it would have been wiser to just hang onto $KNDI thru thick and thin since $KNDI has rallied back in space.  Now, I like to see $DMRC do the same as $KNDI.  We just have to see if retailers are biting the Digimarc barcode system.

To look from a positive angle, I’ve seven stocks in the port, all I need is at least one to hit a knock-out rally and I can still have a good year despite $DMRC “current” correction.

Due to $DMRC steep decline, my port gave back 1.1% today.  YTD losses is now 4.2%.

Current holdings:

LRAD, DMRC, HYGS, STV, KGJI, ORBC, AMRN (100% invested/speculated).

From my other account:

$FITX gave back some gain from last week due to no news from Health Canada.

My 2 cents.

 

 

 



Categories: Daily trading Journal

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