Weekly thought on $DMRC, $IBIO, $BIOC, $AKAO, $ARTH

The bull is definitely back when you look at the weekly bar.  Last week bear raid was completely reversed back to the bullside.

SPY_Weekly

Now, the bull just needs to take out the resistance not too far above.

$DMRC ended the week with another strong up-week bar.  This week bar is a breakout bar since the long-term resistance at $27.55 and $28.05 had been taken out.  The $KBIO colossal short-squeeze incident is a reminder to the short-sellers that a miscalculation of the fundamental aspect of the business they’re shorting can cause serious damage since, in theory, there is no limit to how much the short-sellers can lose due to the “sky’s the limit” in price escalation whereas the long have a defined maximum loss at $0.00.

Digimarc invisible watermark represents the next higher level of presenting the UPC barcode information as opposed to using the same conventional white rectangular bar with multiple black lines inside.  The new technology that hides the UPC barcode behind an invisible watermark that can be read by image scanner is akin to availability of digital TV to replace analog TV.

Who wants to watch analog TV after experiencing the sharpness and details of the digital TV?  In the same token, why would retailers want to go back to the conventional white rectangular barcode with black lines when an invisible watermark can print repetitive UPC barcodes over the entire boxes that can be read by image scanner?  With digital TV, the details and the super-sharpness are the obvious benefits over analog TV; and with Digimarc barcode, faster check-out as well as ease of getting more info on the product to the consumers scanning the product with their mobile phone without touching the product are the obvious benefits over the cumbersome white rectangular bar in a corner of one side of the box.

I’m betting that the big retailers are aware that the Digimarc technology can benefit everyone if there is a universal acceptance of the technology by all retailers- small and large.  What better way than to form a united front to support the Digimarc barcode format by the largest retailers around the world?

Let me ask if anyone will still want to watch analog TV after experiencing the wonder of digital TV?  No?  Thus, there should be minimum resistance for all retailers to follow after the big retailers when they adopt the Digimarc solution.  Those who resists will quickly find themselves losing customers to the retailers with faster checkout and more user friendly interface with the products as the retail shelves.

Thus, it is my 2 cents that the short-sellers should start covering their short positions before the big retailers come forward with an united front.

DMRC_weekly

At this point, any news on positive development in the Digimarc infrastructural build-out can spark a quick rally from here.  The 79 & 89 MA resistance can be taken out easily giving current momentum.

$IBIO took a hit this week probably due to weak hands selling for tax losses and hoping to buy back 30 days later.  Price bounced off the August support @ $0.53 cents.

Since I bought iBIO for the fibrosis play, current price action doesn’t mean anything to me.

$BIOC formed a small spinning top red bar this week.  Good news is that that selling pressure is weakened and a bounce is highly probable from here.

BIOC_weekly

There is clear support at the $1.85 level established in early November.

$AKAO formed a solid green weekly bar.  Looked like confidence is coming back regarding the top-line Phase 3 result that can come b/w now and end of the year.  Since I only have a bare-boned position, positive or bad news won’t impact me much here.

AKAO_weekly

From the weekly chart, it does look like a bounce is imminent.

$ARTH formed a weekly doji bar this time.  As far as I’m concerned, all doji bar near support is all good.  With 120 days waiting period ending sometime in December after Arch Therapeutic submitted their request for human trial, we may hear something any day now.

ARTH_weekly.png

At this point, there is nothing to do but wait, wait, and wait.

Look like my port may start to turn up from here now.

Current holdings:

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

My 2 cents.

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

red-white-rose

 



Categories: Daily trading Journal, trading journal

Tags: , , , , ,

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