06-17-2015 Journal- $LRAD, $AMRN, $BIOC, $CERS

The market wanted to go higher after the Fed update but had second thought about it.  Perhaps, cautious optimism is in play here.

SPY_Daily

What we have a a long-tail doji bar for the day.  While the current momentum is still good for the bull side with price closing above the 79 & 89 support, how price trade tomorrow may give some clue to future short-term direction.  Notice the previous rally last three days before a correction, today is the third day of the recent recovering rally, if it corrects tomorrow, I will be even more cautious ’cause we are not that far from support.

Today wasn’t a good day for my port.  All four stocks were down with $LRAD leading the charge.

However, I’m not worried about $LRAD despite that there were some sales from management exercising their stock options before the 06/15/2015 expiration date.  If you look carefully, they sold the shares from the exercise of options and then used the profit to exercise more options.  In other words, they are adding to their holdings.  Fundamentally speaking, As long as LRAD has the best technology for the mass notification system compared to competitors, I’m holding.

LRAD_daily

It is too bad that the low volume in the stock amplified the sales from management exercising of stock options which was a non-event as far as I’m concerned.  Currently, there is support at the previous low at $2.06.

$AMRN dipped a little.  Giving the two amicus curiae briefs submitted to the court from PhRMA and WLF, I need to be prepared for the possible favorable rulings from the court.  Thus, I’m going to work hard to weather the volatility.

AMRN_daily

While a dip, there is still support from the 15 MA.

$BIOC also dropped a bit.

BIOC_daily

Notice today range was quite small and price is still above the 79 & 89 support.  To strengthen my conviction on this stock, I just have to visualize that blood biopsy is an integral part of the future cancer diagnostic tool.

$CERS drop was stopped by the 15 MA support.

CERS_daily

However, there are strong support at the $5.27 area.  Let’s see if it can bounce some tomorrow to stay in the range.

Needless to day, with a big down day from $LRAD, my port gave back 2.9% for the day.  YTD gain is now at 8.3%.

Current holdings:

LRAD, AMRN, BIOC, CERS and 4% cash.

My 2 cents.



Categories: Daily trading Journal

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