Considering the volume it trades at I wouldn't think its a good stock for traders or there are are many traders in it. When revs and income pick up the volume should rise substantially. Then you'll see the real traders come in.
the old weeding out process is in full play over the last few days. At this point I'm content to accumulate shares between 2.97 and 3.50.
FWIW Interesting looking one year chart. It had somewhat the same look to it back just before it made the big run up. They say history repeats itself. I think we have more reasons for a run this time than last year and look forward to history repeating itself.
What is real good is apparently the FED is willing to hold off interest rate hikes for the time being. This should open the door for a nice short term market rally and APDN is chumping at the bit to make a run. Looks real positive for it. Next few weeks should be real interesting, but many will be left behind.
The end of day last half hour of buying was with some volume. It wasn't someone painting the tape buying 100 share lots, so it looks like fair momentum heading into to tomorrow. What I would really like to see is a big increase in volume with upward pressure. Volume does appear to be increasing some, which is good. I also think many of the retail investors have been scared off by the seeking #$%$ article so panic selling my be in the past. Guess I can cancel my buy order for shares under 3 dollars.
Probably a good entry point I expect to add a few K more on any dip in price being that I'm real sure last years highs will be taken out this year.
about interest rates should give the markets some momentum. I think there's a good chance this may lift APDN along with the other stocks to new YTD highs. Anyone else think the same?
I bought more under 3 as well. The run up to nine last year was a bit premature. This year with solid numbers behind and ahead it should legitimately be able to challenge and also break those highs. Adding more when it's under three IMHO is wise investing.
I don't know about three years, but expect it could easily reach double digits sometime this year.
If you add up 2011, 12, 13, and 14 revenues all together they are considerably less than the companies revenues in 2015. With new contracts evolving this trend should continue. I'd sat APDN is in the cat birds seat at the right time in history.
If they don't cover now I think the carnage is going to be financially life changing for those holding big short positions.
Odds are it will be at five dollars sometime in early Spring and with more good news could make a big run. I still have a GTC order in to buy shares under 3 dollars but that is looking like an effort in futility now.
sturmaa I agree with you I believe it's good advice. Most people don't have the time to watch a stock all day and see the stock action, but they can back test. I have noticed that many times this stock price will be dropped on what looks like low volume only to come back everyday. Wait for the low and buy is a good strategy and probably what the big investors are doing. I wouldn't be surprised to find out they are behind it. It's how they weed out the weak hands.