09-16-2014 Trading Journal

The market popped back up like a basketball slipping out of a bear hand from under the water.

SPY_Daily

And the bear thought they had the bull under submission.

Along with the general market, four out of my five positions bounced as well.

I was corrected to buy ahead of the cup & handle breakout of $IBIO.  As I read up more on the science behind $IBIO and the fundamental development of its business model, I like it so much that I started to increase my position through out the day.  By the time I was done, I’ve doubled my original position.  And as luck would have it, price started to climb above my entry point and broke out of the cup & handle pattern to the upside.

IBIO_daily

The good news is that price was able to close above the breakout point.  I don’t know if we will have news coming out but I can see that the technology and science behind $IBIO is beginning to mature into functional use.  And with the potential behind it, the microcap status ($45 million only!) of this company put $IBIO in a massive undervalued situation.  This may turn out to be much better than $AMRN in term of potential return on my money.  We will see.

To make this a quick journal, suffice to say that $LRAD, $DMRC, and $ORBC all bounced nicely.  Oh, I forgot to mention that the news of the successful operation of the newly launched satellites failed to move $ORBC higher yesterday.  This might have to do with the Nasdaq melt-down yesterday.  I believe price will begin a slow climb from here.  Thus, I added a tag more today.

$HYGS was disappointing but my position was already pared down to 20% of my original size so the drawdown wasn’t so bad.

Thanks to $IBIO and three of my stocks, my port gained back 2.5% today with YTD gain at 5.8%.

Current holdings:

LRAD, DMRC, ORBC, IBIO, HYGS, and 4% cash.

My 2 cents.



Categories: Daily trading Journal

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