Wednesday thought on $DMRC, $AKAO, $IBIO, $BIOC, $AMRN, $ARTH

Whoa!  The bull is up and running again!  Although there was some confusion in mid-day when the Fed came out with some conflicting messages about the timing and intentions for the next rate hike in December.  It sounded like a commitment phobic lady trying to respond to her date when he asked, “are we going steady or are we just friend with benefit?”  Needless to say, upon hearing the conflicting responses, the date got frustrated and stomped out of the restaurant.  While waiting for his car, the date realized that having someone around, even if noncommittal, was better than going home alone.  So he went back to the restaurant, sat back down, and said, “Ok, but you are coming over tonight, right?”  Upon hearing the answer, a big smile was seen on his face.  And so the market bounced right back up to close the day in high note.  What’s wonderful day!

SPY_Daily

Look at the green bar go. The bull is back up to the mid-August level before the big drop. Ok, time to make new new high from here.

$DMRC formed a nice looking spinning top right on top of the dual supports (Fib 50% retracement and $33.58 previous lows).  From the technical perspective alone, a bounce is expected from here.  Now, the earnings update provided some new information:

  1. Increased staffing due to demand in professional service and software development associated with Digimarc Discovery and Barcode.
  2. Raised $13 million from ATM by selling 342,000 shares as an average price near $39/share.
    1. 225,000 shares were sold to a single “high quality financial institution”.
  3. There are total of five (brands) that are in production- Webmans plus four The other four are in initial small quality production for proof of concept testing.

Let’s talk about item 1. When you increased staff to handle additional works associated with the Digimarc Discovery and barcode, that would mean a lot of retailers are knocking on the doors inquiring and/or requesting Digimarc’s services.  In a nutshell, interest in Digimarc products are continued to increase.  The snowball is getting bigger and bigger as it rolls on forward.

Regarding item 2, when you have a single “high quality financial institution” willing to pay nearly $39 for 225,000 shares of $DMRC, we should be happy that we paid less than that, right?  Actually, it really doesn’t matter we paid less ’cause in the long run, these few dollars difference would be like a drop in the bucket.  The fact that this small dilution did not drop the stock price but increased it spoke volume regarding confidence in the company.

Item 3 means that there are other big private brands testing the Digimarc barcode besides Walmart.

Overall, the train is on track and moving up along.  Talking about train, this remind me of the story- little engine that could. The little Digimarc that could!

DMRC_daily

See that wonderful green spinning top?  My take is that with the three new updates mentioned above, investors on the fences may find more confidence to start buying.  Let’s see if that’s the case tomorrow.

Both $AKAO and $AMRN bounced nicely today.

AKAO_daily

For $AKAO, I like the fact that the momentum indicators are turning up.

AMRN_daily

As expected, $AMRN finally bounced in anticipation of the FDA positive settlement.

$BIOC took a tumble but recovered nicely before closing.

BIOC_daily

Today bar bounce off the uptrend line below and formed a hammer bar.  A hammer developed after many falling red bars has the potential to form a bottom if the high of today is taken out soon.

$IBIO was neutral and $ARTH fell a bit more which did not affect the chart outlook, I’ll skip the charts.

My port recovered some today.

Current holdings:

Main port: DMRC, AKAO, IBIO, BIOC, AMRN   Trading port: ARTH

My 2 cents

From my camera (click on photo to see image at 100%)

Friday afternoon 032



Categories: Daily trading Journal

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