Applied DNA Sciences Inc (APDN)

[AG_stock]

I hate to say it but I was right, major blood bath today and now you have good guess why people in the know got out last week driving stock down 30%...
two things driving this bloodbath I think.

1. Shorting, I said many times shorting on big boards is much easier, and OTC market sheltered this stock for years and kept overvalued, today's action proves that I was right

2. Some large holders are getting out or trimming position, lets say you had 50M shares of APDN, it is very hard to close such a huge position in OTC market, you couldn't sell before because it would crash the stock, when daily volume is 500K shares you can't just dump 50M shares on the market, remember this company had some huge 800M number of shares in people's hand prior to split, if you were disappointed with the company and wanted to cash out for a while but you could not do that before, then today is the day to get out, I think this is what happening

And for people who were wondering about valuation of this stock good news is you will have your answer this week!