i'm posting, right here, right now, to say DMRC is a total and complete winner. i'm in at $19, starting to count the profits for the long-haul.
digital watermarking will be big, digimarc bought ID system division of polaroid for dirt cheap, expect it to be profitable immediately.
also, ID system business is a natural lead-in for upselling enhanced ID/security/digital ID systems to many clients.
all that research is about to pay off, i'm on board for the ride. no upside price target yet, not concerned about short-term downside risk.
graph a 2-year chart including 50-day and 200-day moving averages; note nice crossover about to occur, as well as tight price pattern, with 50-day acting as support and 200-day acting as resistance. as soon as it breaks the 200-day, drops down to re-test that level, and punches back through, the 200-day is going to act as support, and it will quickly work to fill the gap near $25.
i'll put a $25 price target on the stock over the next 6 month term, that seems reasonable based on a rational investing point of view.
best of investing to all.
regards, jb |
