03-03-2015 Journal- $AMRN leading (afterhour)

Today was a sneeze.  It’s the only way the bear could muster out to impact the bull.

DJ-30 daily

It was good to see the bull came back from the low to close at the half-way point.

There were not much action on my port during the day except to watch $CERS fought its way back to close almost neutral.  It was actually a critical action on the bull part to fight the bear attack to close above the uptrend line.

CERS_daily

By closing above the uptrend line, the bull is still basically in charge in an overall scheme of thing.  Albeit $CERS gave back a chunk of gain in the interim, the trend is still on an incline heading up gradually. A bounce from here is likely.

$TINY bounce nicely today to counter the downdraft yesterday.  The bounce today shows that the bull is still in charge.

TINY_daily

Notice that the 5 MA line is pointing way up in a steep slope.  A very bullish sign.

LRAD was neutral and the chart did not have any new information to tell so I’ll skip the chart.

Now, the big elephant in the room is $AMRN.  Wow!  The earnings update is the most positive and upbeat I’ve ever heard ever since I speculated in $AMRN several years ago.  Am I glad I loaded up big time after selling $DMRC to do so.  It is safe to say that I no longer have to worry about my investment in $AMRN.  The future is bright from here.

AMRN_daily

The chart above doesn’t reflect the positive after hour price action.  We may see how it goes tomorrow.  While I’d lost quite a sum of money in $AMRN due to FDA negative actions despite $AMRN meeting every requirement stipulated in the pre-arranged SPA agreement for the Anchor indication, I now believe this whole FDA fiasco is a blessing in disguise.  Had FDA followed thru with agreed upon action several years ago, I would have only doubled my money at best.  Now, with a truck load (many times more than my original shares size), my gain will be much larger if price is to restore back to the $20ish.

Today was practically a breakeven day.  YTD losses remained at 4.1%.

Current holdings:

LRAD, AMRN, TINY, CERS (100% invested/speculated)  I forgot to mention that I used the remaining 3% cash to add to $TINY to round up investment size and to $CERS when it bounced in the 5 min. chart after the morning downdraft.

My 2 cents..



Categories: Daily trading Journal

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