Out of nowhere, the bull gave the bear a knock-out punch and hightailed out of town. Another up day and price will be above the 79 & 89 MA resistances.
From the look of the chart, percentage is high that an upward momentum will continue.
$DMRC continued on its ninth up day since it bounced from below $30 back in early October. After the Walmart 22nd annual investors meeting yesterday, I erased all doubt regarding the adoption of the Digimarc barcode. Walmart is practically speaking on the megaphone that the retail industry MUST change quickly to align itself to the technology development of the social media. To stay competitive, the retailers MUST tap directly to the consumers’ mindset by utilizing technology to link the product to the social media network. What better way than turning the whole packaging of the product item into a “clickable” exercise for the curious prospective buyer?
“I wonder if this will work…”
The customer pulled up the mobile phone and pointed to the item and “click”. The App quickly located relevant information regarding the item being “clicked” on.
The customer found the relevant information within seconds.
“Ahhh…. Yeap, it will certainly do!”
When you package a product so that customer can simply point the mobile phone and click for info without having to touch the item (as in looking for the conventional UPC barcode), you create a “fast and easy” environment (path of least resistance) for the customer to “click” for more information and therefore improve the chance of the customer buying the product on the spot instead of walking away due to lack of information.
I still couldn’t believe I’ve an opportunity to own a piece of the company that owns a patent for an invisible watermark that may become the worldwide standard for product packaging. And the company operation is still on the ground floor It reminded me of Amazon, an online bookseller at the time, after IPO. Price was trading in the $30ish then. No, I didn’t realize Amazon would become where it is now back then. I thought you could only sell so many books, little did I know. Now, I’m given a second chance to make it right. In fact, missing Amazon is a lesson for me so that I won’t miss the $DMRC train.
One more up day and price will be above the 79 MA. For the long folks, hold on to your shares and don’t let them shorts steal them. And to the short folks, try not to get trampled on your way out of Dodge.
Today, I got back into $IBIO, a biotech that has the technology to accelerate vaccine production using plants. Last October, the Ebola breakout drove $IBIO from under a dollar to $3.50 in a matter of days. Recently, news began to surface again on Ebola cases. A nurse that was “cured” of Ebola about a year ago is now sick again. See news here. This is October again and I wonder if there is a seasonal occurrence in Ebola case. $IBIO may hold a key to mass production of vaccine if there’s ever a need for it. Hopefully, we won’t need it.
On the charting front, price has been climbing gradually for the last two weeks and today spike was the catalyst that got me back into the stock. I sold some $AMRN and $ONCY to buy $IBIO.
$AMRN bounced some today but still underneath the uptrend line. Tomorrow we will find out if script numbers are tracking higher
Recent disappointed performance made it easy for me to unload shares to buy more $DMRC and initiate position on $IBIO. Even if $AMRN goes up with my lesser number of shares, I won’t miss much as long as $DMRC and $IBIO also track higher. The important matter is that my total portfolio value goes up.
$ONCY, $BIOC, $ARTH were basically neutral for the day despite small movements. $AKAO were up a bit but not enough to pull up a chart.
My port continued to gain back ground.
Main port: DMRC, AKAO, IBIO, ONCY, AMRN, BIOC Trading port: ARTH
My 2 cents.
From my camera (click on photo for enlarged version):
Categories: Daily trading Journal