The market walked on up the hill as if it was going on a leisure stroll…
It was almost effortless.
$LRAD continued to correct some. It was to be expected and the corrections of the last two days were needed to avoid over-heating the bull run.
Price did not take out yesterday low which was a good sign. Yesterday, when price touched the past high and resistance at $3.36, I bet the shorts jumped on it and killed the rally. This was perfectly normal and is by the book. How long can the shorts keep this one down is another story entirely. With the many potential catalysts in the foreseeable future, shorts have better watched out. I’m waiting for U.S. Coast Guard order (LRAD has been courting them for the last seven years per earnings transcript) as well as the news on installation of the Mass Notification system in the cities of Japan and the Middle East.
$HYGS and $DMRC tanked earlier in the day but made a successful come-back by closing bell with $HYGS closed at positive and $DMRC slightly negative.
$ORBC is holding steady at the $6.2x area while $AMRN was down slightly.
Oh, I almost forgot, I bought $CPST with the remaining cash to replace slot formerly occupied by $STV. Please welcome $CPST to the midst.
Due to $LRAD continued downdraft, my port gave back another 1.6%. YTD gain is now at 10.9%.
LRAD, HYGS, DMRC, AMRN, ORBC, CPST (100% invested/speculated).
From my other account:
I bought $LRAD at the low $2.9x to play the bounce. I believe it will go back above $3 either tomorrow or next week.
My 2 cents.