You doing anything with MATR today kurt ? Or is your position size full on this one. At present time I am holding zero shares I traded out a while back and actually made some money for a change.I will be buying today with the stock at the bottom of the RR chart, it seems like a good time to buy back in but usually do not buy just before earnings . I am going to take my chances, I also picked up some DMRC today thanks for the tip.
I have a long position in MATR, but sold my trading position a while back. I like the business, they simply need to land a large company to which could take advantage of the technology. Direct marketing sales on a regular basis could increase sales significantly at the right company. At this point I await earnings, but given it is at the bottom of the R/R chart it is a good choice to take a small position. you have been thinking I might pick up a very small speculative trading position and hope for bump from earnings. Need to check the chart again. -Kurt
At the risk of sounding too early on this... Perhaps DMRC is starting its climb back up the trading range. Good call Kurt, if it's true you got pretty close to the bottom of the range.
I am never, let me say that again, never successful at picking the bottom or the top. But you can make some good money in between. I am getting better with being patient on my entry points but do make mistakes. And I learned to have an exit point once you open a position. As we all know sticking to a methodology, whether ours or someone else's is never easy as emotion is a strong thing.
And attached is the R/R charts with the lower rail of the down trend extended in yellow. With a bounce in the market today we should, underline should, see a nice bounce in DMRC. And maybe this will be the start of the next short term uptrend. We will have to wait and see whether is breaks above the top rail of the down trend. Happy trading! Kurt [DMRC_2_9_2016](//muut.com/u/pttresearch/s3/:pttresearch:RbZn:dmrc_2_9_2016.jpg.jpg)
Well you're certainly better than me at the timing bit and thanks for an updated chart which I am admittedly not great at either. The one area where I have gotten much stronger at is position sizing. It's certainly hard not to "bet the farm" on some of these stocks though. I violated the position sizing rules badly on ITMSF but am convinced it's worth the risk. Currently I am at 10% holdings on that with an average cost of $.22. Thanks Kurt for your insights, I wish I could reciprocate in some way but you've forgotten more about R/R charting and technical analysis than I know.
Patrick,I see OAS will be in the batters box after the bell today if you are still invested good luck. I have been watching from the sidelines. I have not had the nuggets to enter the sector yet but it sure has been tempting.
Yep should be interesting and agreed on the "nuggets" comment. DMRC just released...my quick take. DMRC announced. Should be a good pull back tomorrow when all of the traders panic about the numbers. good news that I gleaned from a short review of the numbers is that there is over 2 years of cash at the current burn rate Oh and the substantial increase in sales and marketing expense is clearly bullish as no one in their right mind would increase those expenses if they were in trouble. Oh and they reduces G&A expenses by 12% which shows some prudence at the same time
I missed that one thanks.
Thanks again Patrick I added a little on the dip this morning.
Yep, it was a nice dip if you only ready highlights provided in some of the online articles. And as Patrick noted the 'nuggests' are interesting. I trying not to read too much into any individual statement made as we might read some of it very differently. Short interest had dropped drop late december to mid january, but has not ticketed back up to december levels. I think we could see a little price volatility as the short roll out. But as always I never get in at the bottom nor out at the top. But close is good enough to still make a few buck in between. Cheers, Kurt
As an interesting side note on DMRC. Everyone is focused on retail consumer products and I admit it's a huge space. But I work in med device and with the range of package sizes (some like a suture are very small) and the fact that hospitals miss out on product charge capture all the time (think of stuff being used very quickly in trauma cases in the ER where the nurses don't have time to look for and scan every barcode), there is huge potential for this in the healthcare sector. Look at a small prescription bottle. You could put a watermark 2D readable barcode on it and when you picked it up at the pharmacy, scan it with an iPhone app and like magic, it reminds you every time your supposed to take it. For those invested in or considering DMRC, I would highly recommend reading their latest earnings call transcript, going to their website and doing some diligence. While this is certainly in the speculative phase, this is a very interesting company with a really clean balance sheet (no debt) and plenty of cash, huge IP protection...But certainly invest at your own risk.
today was another day to get into DMRC at a lower price. Could it drop more sure, but I was a buyer of a trading position. If it bounces 2-3 bucks, I will watch for my exit. And I agree with Patrick on the implication for the medical industry. Efficiency in the trace, track and quantify cost area can lead to nice saving, a better bottom line and the eventual bump in stock price. I will work to post a recent charts for review as my work laptop cannot access freestockcharts.com due to security software. But that is needed these days. Cheers, Kurt
Perhaps at least in part explaining the drop yesterday... a v. negative article on SA: http://seekingalpha.com/article/3948266-digimarc-rfid-craze I did ;t find it very persuasive... picked up more today.
Yes, I saw that article. I would love to see a 2-3 dollar bounce from yesterday to today. It would make for a nice extra bump in the Friday paycheck. :) Or realistically, provide more dollars to trade.
Updated chart attached. Overall trend has been down since Mid last year, but I believe we are approaching the inflection point once again. [DMRC](//muut.com/u/pttresearch/s1/:pttresearch:FYEX:dmrc.png.jpg)
Thanks for the charts very helpful.
Kurt your posts have been very helpful,If you do not mind sharing I was wondering what your exit strategy would be on a stock(trading shares)if it was moving to the downside after purchase? I guess what I'm asking is would it be a certain % drop( 6%or 8% maybe or do you use a certain point on the charts?I understand everyone has a different risk level. If interested SWHC broke out of a cup formation on heavy volume Friday and remains in a buy range,This has been a long hold for me since last March but I picked up some trading shares Friday on the breakout.
It depends on the trend of the stock. In the case of DMRC I look for the supports levels on the down side: 27, 25, and 22.5 are my areas of interest, support, that I look for in terms of the pull back. So with an average price on DMRC shares of approx $30 and 28.75, Long and trading position respectively, I get concerned around a 20% decline. A breach of the 22.50 level is of grave concern for me and would be an exist point. If news forces the stock below that and I believe the decline will continue I hope to be out between 20-25% loss. My chart above shows my trend lines and the green on on the bottom, upon which DMRC now sits, it my focal point currently. I would like to see the stock hold here and them move up along this line. As for the Cup with handle pattern, I use the link below as my guide to what might happen. After the breakout it should slide as interest wains and folks book profits. The key text is "The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup". See the website below. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation
Much appreciated thank's for the link and reply.