Wednesday thought on $DMRC, $AKAO, $ONCY, $BIOC, $ARTH

What a party pooper day!  Like a beautiful lady wearing a summer dress signaling you to come over with her slender finger, you eagerly stumbled over unexpected furniture to reach to her door… BANG!  The door slammed on your face!  Ouch!

SPY_Daily

That was one ugly bearish engulfment candlestick bar. There is a good chance the market will continue downward tomorrow.

$DMRC  continued to inch forward to the $40 resistance point.  In fact, price crossed over $40 during the day but fell back below to close. As I read the Q2 earnings transcript again, I began to get a sense of awe that I might be sitting on a huge gold mine. Below is an excerpt from the transcript:

“More importantly, the more we learn about the role of packaging labels in the modern supply chain and retail, the more confident we become that the needs of the modern marketplace are rapidly outstripping the historical model of static data, supported by the traditional barcode.

There’s an ever-increasing demand for efficient and reliable access to dynamic data to deal with the nuances of complex packaging and label requirements, regulations, and consumer preferences. Our platform provides unprecedented performance and flexibility to meet these growing needs.”

There are going to be a transforming shift in the way we shop in the future and $DMRC is right in the middle of this change. Barcode of Everything and the Internet of Thing are going to be merged into one.

DMRC_daily

Once price takes out the $40 resistance for good, Next resistance is the $49.25 reached in July.

$AKAO did not do well today. It could either ’cause of the fallen market or ’cause of $TTPH’s failure. There is nothing to do but to wait for the market to adjust to the $TTPH event.

AKAO_daily

The 79 MA is still a good support below current price.

$ONCY is the hero of the day! Price bounced 12% for the day. I always believe that $ONCY will eventually get its recognition.  News today is that $ONCY (Oncolytics Biotech® Inc.) is going to participate in the Baird 2015 Healthcare Conference tomorrow at 10:50 a.m. ET.  Perhaps more positive trial updates will be revealed tomorrow.

ONCY_daily

Today rally penetrated the downtrend line. Another up day will confirm a break out to the upside.

$BIOC had a red bar but a very respectable one. It is a bar with higher-high and a higher low.  The trend is still up.  Per news today, “Biocept Expands U.S. Microchannel Patent Protection”. Below is an important excerpt:

“The patent covers the use of antibodies in the capture of cells such as circulating tumor cells (CTCs) from blood, as well as other biological fluids, using the company’s patented microchannel capture device. Biocept’s antibody capture cocktail along with the microchannel are key components of the company’s Cell Enrichment and Extraction (CEE™) platform, providing for the high-efficiency capture, visualization and microscopic analysis of targeted cells obtained from a patient blood sample and used by physicians for medical decision making.”

The underlined statement, in my opinion, is the KEY to $BIOC beating all other liquid biopsy players.

BIOC_daily

Once the $2.32 resistance from August 19th is taken out, price will quickly reach out to the 79 & 89 MA lines like bee going to the flowers.  The shorts are like the clueless jungle man swinging from tree to tree while a tsunami a mile away is building a giant wall of waves ready to uproot everything on its path.

“Hey, jungle man, better get the h*ll out of those trees!  Tsunami coming!”

“Tsunami? Ha! You’re a fool to think there is tsunami. You can’t scare me away from my trees!”  replied the clueless Jungle man

<good grief..>

$ARTH continued to head higher.  I guess the conference went well today.  Sound like human trial will begin in 2015 which mean b/w now and December.

ARTH_daily

Price is now near resistance of $0.3395 from August 28th.  Once it is taken out, next resistance will be in the $0.37 to $0.39 area.

Thanks to rally from $ONCY, my main port gained back another 0.9% for the day despite drawdown from $AKAO.

Current holdings:

Main port: AMRN DMRC AKAO ONCY BIOC  Trading port: ARTH

My 2 cents



Categories: Daily trading Journal

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