It was quite disheartening to see price collapsed after the market was enjoying being on a positive side during the morning times.
Seeing that after hour SP500 was down ten points, it didn’t look good for tomorrow either. Let’s see if $SPY can find support at the $189 – $190 area.
I was fortunate to see that four out of six stocks in my ports closed higher.
$HYGS continued to surge ahead.
The current upstream is very strong.
After listening to the earnings conference calls on both $LRAD and $AMRN, I’m very excited about their future prospect. $LRAD after hour was an impressive 26% jump. But then the true gauge will be after tomorrow open. Giving the many new deals that are on the table, I can see this one going over $3 soon. However, the general down market may try to drag everyone down tomorrow. Maybe $LRAD can ignore the bearish market sentiment.
In $AMRN case, the FDA decision is now delayed till mid-September, Meanwhile, earnings was quite decent. I anticipate a slow climb up from here.
Thanks to $LRAD, $HYGS, and $DMRC, my port gained 1.1% today. YTD losses is now narrowed down to 0.6%.
LRAD, HYGS, DMRC, STV, AMRN, ORBC (100% invested/speculated).
From my other account:
$INFN did well in the morning but succumbed to bear market pressure and closed lower for the day. The more I researched $INFN, the more I like it. I’m going to give this one a bit more time to breath. But after hour bearish SP500 makes me think that $INFN will open down. I may not hold for long since this is my trading account and not the “hold for fundamental development” account.
My 2 cents.