Mcshark and all,
I would just like to offer some feeback on the past few days based on both my following of APDN long term and my newfound day/swing trading.
1. I think the past few days has put AP{DN on a LOT of people's trading radar. I was most impressed by the fact that Nathan Michaud of Investors Underground (perhaps the premiere day/momo trading community) mentioned APDN today in a tweet. Folks, this community makes up some of the best, profitable day/swing traders around. We are getting noticed! Also, SuperTrades (a guy who regularly makes 20,000+ profits in a single trade mentioned APDN recently liking their technology. IN other words, APDN is now showing up in big-boy trader chatrooms. That can only be good, even if it does mean big swings.
2. We were bound to come to down some, and it makes since that we came down after the 9.00 hit. Traders like to trade around whole number mentals. I knew we were coming down at 9.00, which is why I sold a position into the spike. Day/momo traders would call APDN and overextended chart. These things can't go up forever--they have to retrace at some point.
3. I think it's significant that we're hitting over 1mil in volume. That can't be anything but good--we are on people's radar.
4. NASDAQ stocks are by nature more volatile and susceptible to larger swings. That's what makes the NASDAQ so appealing to TRADERS.
5. Ultimately, until earnings, APDN is moving on hype. That's the bottom line. I LOVE the last announcement--it's make me CLOSE to being an investor. However, until they turn profitable, this will be a day/swing/momo trader's paradise. It's certainly rewarded me well.
I think many of you longs are in good shape. However, don't be unrealistic. If you've moved back into profitability, don't let this thing go south and take you back down the toilet. There are NO guarantees in the microcap world. Lock in profits along the way.
