The bull is now galloping as a faster pace. I think it is seeing a mate ahead…
While a red bar, you can’t dispute the upward momentum. This spike up is telling.
Two of my biggest holdings were down today- $LRAD and $DMRC.
Despite a great future prospect, day traders decided it was not worth the trouble to hold- mainly because the potential mass notification sales to the large Middle-East cities have been pushed to Dec-Jan time frame.
Again, I would not let the short-term trader dictate my long-term view. To me, my expectation of a great run-up will have to wait; this I can do.
$DMRC continued to head lower and penetrated the 79 MA line. It might have to do with the VP- Marketing leaving. The way I see it, VP-Marketing leaving can be many thing besides that poor sales effort. It could be a take-over being imminent, the same as $ORBC. Except in this case, $ORBC is taking over someone where as $DMRC may be taking over by someone.
But again, possible theories is part of the risk in holding stocks. I’m holding to see if my take-over theory is correct; after all, I believe they have a very strong IP technologies for the future direction we are heading into.
$AMRN had a strong showing with an up bar that put it in a position to penetrated the 79 MA line in the next move up.
If price can move higher, I may add more with remaining cash.
$ORBC bounced some and that was a good sign.
Due to $LRAD and $DMRC being large positions, my port gave back 2.8% with YTD gain at 15.8%.
LRAD, DMRC, ORBC, AMRN and 5.1% cash.
My 2 cents.
Categories: Daily trading Journal