01-22-2015 Journal- $LRAD leading

“Houston, we’ve lifted off!”

DJ-30 daily

The bull finally got traction and it ran up the hill. Today big bounce further supported the magical quality of the 79 & 89 MA lines.

Thankfully, my port went along with the big rally today with $LRAD leading the charge.

LRAD_daily

Price bounced off from the mini-uptrend line and is now heading toward the 79 & 89 MA lines.  I like to see it cross back over the top soon.

$DMRC came second in gain by coming back from the low to close above the uptrend line as well as above the 79 & 89 MA lines.

DMRC_daily

Price looks good for a continuing bounce from here.  Fundamentally speaking, everything has fallen into place for Digimarc barcode to be adopted because the benefit of using the Digimarc barcode simply cannot be undermined.

$ORBC continued to advance above $6.00.

ORBC_daily

We are seeing a potential V-shape bounce here that may take price back to $6.75 resistance.

Today, I sold about 50% of $AMRN to buy $CERS.  I’ve been watching $CERS ever since they received FDA approval for their INTERCEPT blood system for platelets.  Since I didn’t want to chase it, I was waiting for profit-taking correction to jump back in.  And with some luck, $CERS announced public offering of new stocks to fund the U.S. operation, this dilution kicked off a slide in stock price that dropped all the way to the 89 XMA support line.  Seeing price bouncing off the 89 MA line, I took the opportunity to buy some by selling off some $AMRN shares.

CERS_daily

That was a very nice bounce-off from the 89 MA line from the daily chart above.  If price can take out today high tomorrow, we may see a continued bounce from here.

$AMRN is still stuck in the $1.xx muddy area…

Thanks to the rallies from $LRAD, $DMRC, and $ORBC, my port gained back 2.5% for the day.  YTD losses is reduced to 2%.

Current holdings:

LRAD, DMRC, ORBC, CERS, AMRN (100% invested/speculated)

From my other account:

My $BAS trading position was stopped out at breakeven.  I then bought $CERS in the low $5.0x when it was bouncing off the 89 MA line. Later on, I sold half of my $AMRN from my main account to buy more $CERS.

Still holding $ARTH and $VTCQ.

My 2 cents.



Categories: Daily trading Journal

Tags: , , , ,

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