The market took a dip but made a gallant came back to close even for the day.
It was a much needed bounce to put a pause to the falling market. Let’s see if it can take out today high tomorrow.
Meanwhile my port bounced strong for the day. Two of the four bounced 16% each with the third one up 4%. For some reason, $LRAD did not participate in the bounce even though it announced new sales on their mass notification system.
$DMRC is finally initiated by Ladenburg Thalmann as a buy. Price bounced hard with a 16.8% gain.
With a big green bar and high volume, we might just see the bottom here. Shall it head back up now? With November approaching, the investors are all wondering which one of the Big 5 retailer is testing the Digimarc barcode. A positive response from this big retailer will send this stock much higher.
The next 16% club member is $IBIO. The story is that Caliber Biothjerapeutics, a partner with $IBIO, is in negotiation to produce Ebola vaccine. As in any story, price can only continue higher if there are follow-up with a contract. We will see if that is the case. One of the reason I like $IBIO is because its science and technology will allow vaccine to develop much more faster to keep pace with the threat.
Chart looks good so far even though some sell-off at today high brought the gain back down to a still respectable 16%.
Follow behind the 16% club is the 4% single member- $ORBC.
I like the fact that today took out the high of yesterday which may form a bullish hammer reversal pattern.
Thanks to the above three stocks, my port gained back a whopping 4.9% which put my port back to breakeven for the YTD with three months left to make some solid gain.
LRAD, DMRC, ORBC, IBIO and 5.7% cash.
My 2 cents.
Wisdom from Warren Buffet:
“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”
Categories: Daily trading Journal