Fore! And the falling stocks fell all over the places…
Just when we thought the market could continue on its merry way, the bear pulled the bull by the neck and yanked it backward. Ouch!
I’d a very fortunate day today. Despite being bombarded by falling stocks (4 out of 5) in my port, I was saved by the only one that counted the most since I’m overly weighted on it- $LRAD.
$LRAD introduces the LRAD(R) 450XL – The Loudest Long Range Acoustic Hailing Device for its Size and initial order was received from New York National Guard. With a better and more powerful product that comes in a size that is compatible with almost all military and law enforcement mobile unit, I can see a coming snowball effect on product sales. It seems like everything is coming into place. Not to mention that their state-of-the-art mass notification system is also picking up speed in sales.
Chart looks very bullish with today price action. You could feel that the price wanted to go up bad. Without the benefit of a rising general market, news of large order can still drive this one up big time. So, I’m holding and holding.
I sold out all my $IBIO and moved the rest of the proceed to add more $KNDI. Despite an immediate drawdown on $KNDI, I’m confident that price would eventually pick up and head north when news of China local provinces subsidies are approved. The weekly chart below show that the overall trend is still up albeit some large swings along the way.
Last week doji bar “may” just be a bottom. Worse case scenario will be that the weekly 79 & 89 MA offer the next support.
Even with today correction, $DMRC still looked good so far. The 5 MA line is still a good support here.
With November closing in and $DMRC being inducted into the GS1 partnership. I say there is a high probability that one of the big five retailers testing the Digimarc barcode is very satisfied. My patience may be paying off soon.
$ORBC and $CERS are just fighting the general trend like every stocks.
Thanks to $LRAD being a champ today, my port was able to hold off the bleeding to only 0.5%. YTD gain is now 4.4%.
LRAD, DMRC, ORBC, KNDI, CERS (100% invested/speculated).
My 2 cents.
Categories: Daily trading Journal