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Looking strong today. Holding in this 3 dollar range with huge volume.
Plenty of support at this 3 dollar level. Lots of shares being bought. Looking good to hold for awhile and let her rise!
It was not a stellar quarter for APDN. And the share price is showing it in the aftermarket.
Hopefully next quarter will be brighter if they can actually manufacture and sell Covid test kits.
I think we got a bit overpriced today. It will be time to reload when we get below 9 in my opinion.
To this point in 2020. APDN has been the best trading stock to make profits with.
Buy low, sell higher!
The second quarter earnings are reported today at 4:30. Maybe they will announce something special then.
It could be that the PR states that they got emergency approval for the test.
That's well and good. Except that it doesn't mean that APDN is generating any income yet.
Considering that the share price almost doubled and now is still up 50% is actually very good.
If they can actually manufacture and market a product. That's when the real money can be made and the share price should hold up better.
Way to go Foose! I think there will be plenty of opportunities to get back in.
Moving right on up again today!
Mick, APDN has been my goto trade for the last 4 months. Buy at 4, sell at 5. Buy back at 4.25 and sell at 6. And so on. This week, buy at 8 and sell this morning at 16.5.
It's been a great cash machine to use while the rest of the market has been struggling.
Now as far as APDN being a great longterm investment.... time will tell. Profits will have to be made someday. The actual manufacturing and sales of the test kit needs to happen.
If and when the sales start, APDN may turn into a great stock to hold for awhile.
But, while it's bouncing around. I say trade it and make some money.
By the way. Trading this in the premarket and aftermarket has always been very good to me.
Foose, the APDN cash machine is cranking it out at full speed again today.
I got out at 16.50 or so. Ready to jump back in when she drops another few bucks.
APDN is moving up nicely this afternoon. Up 8% or so.
10 bucks aftermarket.
APDN has proven to be a goldmine this spring!
Thanks Foose. That's a sure sign of progress.
Looking strong in premarket this morning.
It looks like we're moving right up this afternoon.
I have a feeling that we have news dropping today or Monday.
Support seems good at this level. It doesn't appear that the company is dumping. I'm adding here also.
up 18% today. Not bad at all! Hopefully, we'll do that again on Friday.
It's time to jump back in for the rest of the ride UP!
Great article Hock. Thanks for posting.
Way to go Sonic. APDN is built for trading! And profit taking of course!
I sure hope folks took those profits today.
Almost 20 million shares traded today with a supposed 3.5 million share float.
It was a great day to unload, take profits, and get ready to reload again in the 4 buck range.
It doesn't matter what they PR.
APDN doesn't seem to have the ability to keep it's gains for long.
Foose, I'm seeing 10 million shares being traded already today.
That's almost 3 times the float.
Something is up with the share count. I've thought this several times recently. The advertised share count much be much higher than 3.5 million.
She's going down.... there will be a bunch of bag holders waiting for the next PR so they can escape.
Pure speculation on another fluff PR.
There will be a bunch of stuckholders who are buying these shares for 7.80.
I say take those profits and run....LOL
Take those profits now.
We've all seen how APDN is a beautiful bouncy stock.
This is an easy 90 - 100% profit maker for anyone who bought in the last few days.
We'll see 4 bucks again before you know it. Then reload and let her bounce again.
APDN has been the best ATM of 2020!
Please let me know if you do find others. I love these bouncy little stocks that actually have some sort of business behind them.
I'm not aware of another one Foose. What I do know is that whatever is causing these bounces. They can be played profitably. 3.84 is the price this morning. It will bounce to 4.20 or above in the next few days. That will be 10% profit for those who sell there. Then wait for it to drop below 4.00 again and load up and do it again and again and again.....
Back down to 3.80. It will be time to load the boat again and get ready for the next little run above 4.00 again.
Easy money making here at APDN.
it's like taking candy from a baby.
Trading at 4.40 premarket on the news.
That's up 16% from Wednesday's close.
My advice is to take profits today and buy back in when it drops.
As for energy....
There are some bargains out there right now.
I've been noticing that some like AROC are paying dividends as high as 17%.
Those divi's might be slashed, but they look good right now.
That is more good news! We're trading up at 4.26 during premarket.
I wouldn't be surprised if we see 8 bucks again. It will just take the right press release with some real sales numbers or anything indicating income.
I'm always happy to share this strategy.
It's not always foolproof. I do make bad choices, but not often. So, in the end it's a very profitable approach.
Yesterday afternoon. I bought 2000 shares for 3.98 or so. I sold them this morning for 4.49. That's 51 cents of profit....or around 12% in less than 24 hours. You're not going to do that in the bank.
APDN is playable this way....with some risk. It might tank and you'd be stuck with 2000 shares for a few days. It almost always over the last 3 months bounced enough to almost never lose.
This same idea can be used with any stock. I usually trade this way with bigger stocks like Apple, Amazon, Netflix, etc.
If you can make 2 or 3% on a trade. You should do it. After all. Our money in the bank is earning 1.5% per year at best. I like to make that on a weekly basis.
APDN doesn't seem to be a good longterm hold. Perhaps that can change if they can make the right Covid-19 play.
I do agree. It's going to be a very crowded market for testing very soon. Hospitals here in Ohio are starting to do their own in-house testing. So, the need for even more kits might be a tough market to crack.
It appears that APDN may need to find another horse to hitch the wagon to.
Great post Dennis.
Here's hoping that you recover from the APDN virus soon.
I've done incredibly well trading APDN for the last few months.
At least I've done better than just watching my portfolio value shrink during this slowdown.
Enjoy your day!
It's another great day to play the bounce. up 13% premarket. It's time to make some cash!
APDN is a very bouncy stock. I buy in and out several times a week. I've been doing this for the last 3 months or so. I take profits whenever I get a 10% or better gain. It's a great cash machine.
Good job 420! I too just got filled at 4.65.
Paused for volatility again.
Up, up we go!
5.61!!!