05-07-2015 Journal- $LRAD, $CERS, $LEU, $UEC, $AMRN, $KGJI, $DMRC

As if following an invisible rule, price bounced off the 79 & 89 MA lines.  This is definitely a good start.  Next, the bull needs to rally another day to close the week in an up note.  So far, this week bar is currently a red candlestick bar; a strong rally tomorrow may turn this week bar into green.

DJ-30 daily

You can see that this bounce is coming off as a higher low compared to previous bounces off the 79 & 89 MA lines.  In summary, the bull has a chance to grasp the ball back and go on to make new high if only the motivation behind is strong.  Otherwise, there is a bear lurking in every corner ready to jump out to burst the bubble with its claws.  The bear has learned to sharpen its claw against the grindstone due to many unsuccessful attempts to pierce the bubble.  Will the bear be able to sharpen its claws enough to pierce the bubble?  Hmm… We will see.

I checked the chart on $UEC and saw what I’d been waiting for.  A correction with enough range for me to buy some shares.  I missed the $1.7x and knew that I would probably not see it again any time soon.  So, I’ll settle for a near 50% Fib retracement (from recent April low) or 38.2% Fib retracement (from Jan low).  What even more significance is the congruence of the Fib 50% and Fib 38.2% in the same area.  Without hesitation, I started to buy $UEC in the $2.2x zone.

UEC_daily

Whoa!  Am I lucky or what?  Price started to climb rather quickly after I got my fills.  Today bounce-off from the  double Fib 50% and 38.2% area proves that these Fib retracement signals, while not 100% perfect, are reliable technical tools you can depend on with the proper money management.

Another stock I’d been looking at to buy back is $DMRC.  I was waiting for it to come back to low $20 but price did not drop after the earnings release as it had done in the last quarter.  Thus, I bought back some shares but nothing like the large size I used to own.

DMRC_daily

As you can see on the daily chart above, the price trend has been on an up direction.  I may just hold this for long-term to wait for the eventual adoption of its Digimarc barcode by major retailers.

$CERS is another company with products that require waiting for eventual adoption by customers- blood banks/hospitals.. After last earning update, I believe it is time that I stop trading this stock and just sit on it.

CERS_daily

I believe we may have a breakout to the upside coming soon despite today red bar.

$AMRN earning will be released tomorrow morning.

AMRN_daily

So far, price is still bouncing off the 79 & 89 MA lines.  Any positive update and price will bounce higher up from here.

I also like $LEU for long-term hold.  The shareholder meeting update pretty much confirms that this is now a brand spanking new company with a solid balance sheet to move forward to serve the domestic and international uranium market as well as servicing the U.S. national security.  Thus, it is a no-brainer for a long-term hold here.

LEU_daily

Price bounced off from the 15 MA as predicted and the overall trend is up.

$KGJI corrected a bit today.

KGJI_daily

As long as price continues to trade above the support at $0.99; I’m going to hold.

$LRAD earnings came out and I really like what I heard.  I could visualize their field offices buzzing with paperwork and phone calls dealing with multitude of proposals.  It is my opinion that this little company will join the big guy one day.

LRAD_daily

Price continues to trade above the 79 & 89 MA lines.  I don’t know if price will go up tomorrow but I’m going to hold this one for a long, long time.

Thanks to $LRAD last minute surge, along with rally from $LEU, $UEC, and $DMRC, my port gained back 1.4% for the day.  YTD gain is now at 15.8%.

Current holdings:

LRAD, CERS, LEU, UEC, AMRN, KGJI, DMRC and 5% cash. (I erred on twitter tweet when I said I was 100% invested/speculated).

My 2 cents.



Categories: Daily trading Journal

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