Weekly thought on $AEMD, $GRWG, $IBIO, $LRAD, TRXC

SP-500_weeklyLooking at the weekly chart above, I think it is safe for me to assume that the broad market is going to roar back to its former high pretty soon because price has broken the downtrend line.

This week, I, again, abandoned my position on $AMRN and put the proceed into $TRXC.  Later in the week, after the $TRXC earning update, I reduced my position size on $AEMD and added more $TRXC.  Needless to say, my $TRXC position is extremely overweighted.  Just because I sold $AMRN and reduced size on $AEMD doesn’t mean I don’t like them.  It only means that I feel $TRXC has the momentum to move higher in near term than $AMRN and $AEMD.

$AMRN has until around 3rd quarter before we hear anything about the Reduce-it trial result and $AEMD has been waiting forever since their meeting with the FDA in February.  Eventually, I may be coming back to these two positions.

For now, I’ve four big positions: $TRXC, $LRAD, $GRWG, $IBIO

I’m excited about the future prospect of $TRXC and you can read my 2 cents on it by clicking –> here.

Recent volcano activities, “Latest Hawaiian volcano eruption forces more evacuations” in Hawaii is a wake up call for the human race to pay attention.  The earth is acting up.  Seriously, we are witnessing a transformation of the earth eco-system that isn’t human friendly.  To respond to these changes in the form of natural disasters, the human race need to react faster and more efficiently.  Being resourceful as ever, we have a trove of technologies to help us travel the unsafe journey.  $LRAD has mass notification technology that can inform and update a large group of people in the vicinity of dangers to avoid. $IBIO and $AEMD have technologies that will contribute to the fight against bio-attacks of all kinds.  $GRWG will prosper from the proliferation of people growing their own cannabis for healing medicine.

This week, thanks to $TRXC, my port gained back nicely.

Current positions (in alphabet order):

AEMD GRWG IBIO LRAD TRXC & cash (up 5% YTD)

My 2 cents

From my camera:

IMG_0513

 

 



Categories: Daily trading Journal, trading journal

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