It was quite a bounce today, isn’t it?
When you look at it, we have quite a volatile week! Monday & Tuesday were big down days and Wednesday & Thursday big bounce days. This week highlighted the magical quality of the 79 & 89 MA lines. While these lines offer no guarantee for a bounce, it does offer a high probability of a bounce; and that is good enough for me.
Unfortunately, my four stocks could not participate in today big bounce day. Only $AMRN closed positive while the other three were in red.
While not much of a movement, price did move back up in the right direction. At the least, price climbed above the 79 MA line. There is one more hurdle to climb which is the 89 MA line. There is no question that this is going to be a slow moving stock probably for the rest of 2015. With Reduce-It trial interim result coming next year, the only thing that will move this stock higher is higher weekly script numbers.
$LRAD sneezed hard in the morning so you got this big green recovery bar.
As long as price closed above one of the 79 & 89 MA lines, I’m happy. There is really nothing to do but to wait for news. It is important that news come out before January is over.
$DMRC and $ORBC both traded higher in the morning but gave back gain by closing bell. Both closed slightly down.
Due to three stocks slightly down, my port gave my 0.5% for the day. YTD loss is now at -0.7%.
LRAD, DMRC, ORBC, AMRN (100% invested/speculated)
From my other account:
Still holding $AGEN, $ARTH, $VTCQ.
My 2 cents.
Categories: Daily trading Journal