After an initial dip into the water, the bull marched back up the hill with the hill top within sight.
The uptrend is quite convincing at this point. Price is approaching the recent high and we may even make new high next week if the momentum continues.
I made a new trade today by adding $STV with a starter position to my port.. I’m expecting a rally from here to mid-Nov before earning report.
Price “tried” to rally but frizzled out. Since it is still supported by the 89 MA line, I like to see it rally next week.
$DMRC continued to impress by closing positive again.
I see more positive development going into November. Digimarc will be showing their Mobile Payment Solution at the Money 20/20 Conference in Las Vegas next week. Let’s see if they can make a splash with their technology. Any positive acceptance to their mobile solution will add another major revenue stream alongside their Digimarc barcode system. This will create a significant upside in price movement for $DMRC. Of course, there are a lot of “IF” here and there. But I’ve my chips on the table for the bet.
$LRAD did not partake into today general market rally. It corrected a bit instead.
There is really nothing to do but wait for earning report and news on the Middle East mass notification sales.
$ORBC had an impressive come back after an initial drop at the open. Due to my strong conviction, the morning drop did not faze me. I wished I could say the same for $GALE which obviously rallied on after shaking me out.
Price has now reached back to the 79 & 89 MA lines. Perhaps tomorrow or next week, it will rally on ahead to $7.
Due to $LRAD correction, gains from $DMRC and $ORBC were reduced to only 0.4% for the day. YTD gain is now at 11.1%.
Current holdings:
LRAD, DMRC, ORBC, STV and 13% cash.
From my other account:
$MCIG finally bounced today as I’d expected.
I like to see price bounces from here.
My 2 cents.
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