Applied DNA Sciences Inc (APDN)

[mcsharkey]

Yeah Flick, manual labor in the heat evidently puts me in a crappy mood. Normally pleased with a good jump at the end of the week. Just so erratic, seemed like a CMA play by someone covering a short term borrow.

Nuthing really our board can do.
Your Chailkin Money Flow data, $10mil's golden cross and Yip's data on our updated trading status all great signs.

Got a poster on the Yahoo board calling for the formation of a PENNANT trading pattern

"considered to be flying at half-mast, as the distance of the initial price movement is thought to be roughly equal to the proceeding price move. The reason these patterns form is that after a large price movement, the market consolidates, or pauses, before resuming the initial trend."
Supposed to look something like this:

And graphs of our PPS, kinda, sorta, do. Just starting maybe.
Link to Investopedia

Here's some positive rising data moving us up the imaginary mast:
   % From  52-Wk Low ($2.02) 71.29%
   % From 200-Day MA ($3.00)15.17%
   % From  50-Day MA ($2.91) 18.90%Can't find the $2.02 bottom we're supposed to be rising from. $2.09 is the bottom back in December from Yahoo historical data listings.

From that list our high over the last year was Oct 30th where we were at $7.07 right around the reverse split. We're now at 55% of that. From $7.07 to $2.02 then back up to $3.50 kind of similar to squall lines from a hurricane, where pennants and flags get blown away.

I digress, but the pennant ain't formed yet, but $10Mills golden cross and your CMF got us here. Yip's source suggest we may be sticking around here to "consolidate" like the description of the PENANT formation suggests.

For someone playing the options on us over in the dark side exchange handled by the Depository Trust and Clearing Corporation (DTCC) the LONG STRADDLE is an available play where the option trader wants to keep the PPS within a range forming the pennant:

A long straddle is a combination of buying a call and buying a put, both with the same strike price and expiration. Together, they produce a position that should profit if the stock makes a big move either up or down...

Idea being we'll be sitting here around $3.50 for a while till some expected news breaks.

Thanks for getting this far. Golden Cross, Chailken Money Flow and upgraded trade rating all helping me out, settle me down for a bit. EXPECTING NEWS! Hopefully real news before the November 9th earnings.

Hopefully great news where I can salute the PENNANT at the top of the mast. If I have to be holding my hand on my heart as the pennant falls from the mast, I'll be bitching again.

VR
Mike