01-09-2015 Journal- $DMRC leading & $AGEN popping

So the bear said, “I’ll take Friday to close the week!”  And Friday was closed negative.  However, kudos to the bull for gaining back much of the damage caused by the first two days.

DJ-30 daily

Looking at the daily chart above, the bull did a great job with those two green bars despite a red closing.  From the weekly bar below, while down slightly, you’ve to admire the bull’s tenacity to climb back from below to close near the top.

DJ-30 weekly

With a long-tail bar, a breakout of this week high next week will give the bull the momentum to make new high again.

Meanwhile, $DMRC took the honor for having a great day in the midst of bear closing.  I expected some bounce today due to the fact that the nationally recognized retailer who is implementing the Digimarc barcode will be revealed over the weekend at the NFR- Retail’s BIG show.  A big brand will speed up the adoption factor by non-adopters.  Here is why I’m so bullish on $DMRC, there is no alternative watermark technology to compete with $DMRC’s Digimarc Barcode as in VHS vs Beta.  In other words, once every non-adopter see the benefits (efficiency and cost saving) gain by this nationally recognized retailer using the Digimarc barcode, they will all jump in to reap the same benefits.  And before long, the technology will be adopted worldwide.

Think about this, $DMRC was accepted as a GS1 US Solution Partner Program by the godfather of the retailer- GS1.  And from yesterday news, it announced that Southern Graphics Inc. (SGS), a global leader in digital solutions that streamline the capture, management, execution, and distribution of graphics information for packaging and labels of top retailers and consumer packaged goods (CPG) companies, has become a certified service provider for the Digimarc® Barcode. The Digimarc Barcode enables much faster checkout speeds and improved mobile shopper engagement. Furthermore,  Digimarc Corporation (NASDAQ: DMRC) and HP are updating retailers and consumer packaged goods (CPG) brands on progress in creating mobile engagement tools for digital presses.  In a nutshell, the infrastructures are in place for faster adoption.  IMHO, next week may be the start of $DMRC long-term trend on the up and up.

DMRC_weekly

From the weekly chart above, this week bar is telling.  A long tail showed the bull fought back to close higher for the week. The current interim uptrend is still very much intact.

$LRAD closed the week cautiously optimistic.

LRAD_weekly

This week bar is a doji bar which is much better than a down red bar.  If news of a win in sales come thru next week, this will become a rocket blast.  Next two weeks are very crucial.

$AMRN fought a good battle for the week by recovering a lot of damage caused early in the week.

AMRN_weekly

While a down bar, the overall weekly chart pattern reflected a gradual curve back up. It may be a slow climb back in 2015.  I’ll take it slow, no problem here.

The poor performance for the week is $ORBC.

ORBC_weekly

The good news is that while the weekly bar is down, it is still above the 89 MA line.  In other words, we still have support here in the back of a bullish uptrend.

Thanks to $DMRC up day, my port was able to gain 0.70% for the day.  YTD is now flat at 0.00%.

Current holdings:

LRAD, DMRC, ORBC, AMRN (100% invested/speculated).

From my other account:

$AGEN popped at the open due to partnership news.  Due to my inability to watch the market at the open, I missed the window to sell at the market high after the open.  So, I waited and waited.  Finally when price bounced back up to the $5.50ish area, I took profit to close the week.  I didn’t want to take the chance of gap-down on Monday.  I’ll look to buy back next week.  I used some of the fund to add more $ARTH.  Now, if $ARTH can get a partner like $AGEN did, this one will pop even higher.

AGEN_daily

You have to see the $AGEN daily chart to appreciate the pop today.

My 2 cents.



Categories: Daily trading Journal

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