The Small Cap Network (smallcapnetwork.com), a leading online investment community focused on small cap stocks, has published comments regarding the recent surge in the share price of SpongeTech Delivery Systems Inc. (OTCBB: SPNG), and the apparent renewed strength in shares of Applied DNA (OTCBB: APDN). SpongeTech shares have gained more than 200% this week, while Applied DNA shares are up nearly 50% year-to-date.
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The Small Cap Network began coverage of both of these stocks in 2007, studying them from a fundamental as well as a technical perspective. Forward progress made by each of these companies helped boost their share prices, though the recession and bear market of 2008 at times hampered their stocks’ growth. For both companies, enough has changed in 2009 to merit a follow-up analysis.
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About SmallCapNetwork
SmallCapNetwork.com's commentary and trading ideas are based on a combination of fundamental analysis, company news and events, and technical analysis. This combination of several kinds of criteria allows the site's analysts to find the very best trading ideas, which is why the site is quickly becoming the premier web destination for those seeking superior returns.
The Small Cap Network is one of the web's leading small cap stock trading communities. Though large caps tend to receive the majority of media attention, small and micro cap stocks as well as penny stocks can often offer the most potential for investment gains. The Small Cap Network web site and free newsletter offer in-depth fundamental research and technical trading recommendations on select companies within the global equity markets, including small and micro cap stocks, bulletin board stocks, and actively traded penny stocks. Applied DNA and SpongeTech are two of those stocks the site has followed for quite some time.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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Source: Small Cap Network
