Applied DNA Sciences Inc (APDN)

[bigfish1972]

Just an ugly day today...I've been out of town and just now catching up to the horrific news. My heart bleeds for those affected by today's tragedy in CT. Prayers go out to everyone involved.

Back to less important stuff like stocks...

It looks to me like, and I could be wrong, that Crede took some profits today. I'm sure that they weren't the only ones crashing bids for hours today, but since their preferred stock became freely trade-able, I've got to believe that they were one of the culprits. I'll be very interested to see how the stock reacts next week after today's sell-off. I hope some of you took profits at .29 or higher today. The dilution, combined with Crede and the other large seller have combined to hurt this stock. Equity financing is a necessary evil for small companies like APDN, but it really hurts shareholders. With the volume APDN has seen in the past few days, there is no reason whatsoever that the share price shouldn't have touched .40 or better. I hope that they don't kill the chart completely, but I think Heyward is now in bed with the devil.

Good luck to everyone here. I'll still be around watching, but not trading APDN as much unless it has a significant dip.