San Diego, CA 4/8/2009 7:58:16 PM
Small Cap Network Issues Profit-Taking Recommendation On APDN
Applied DNA Sciences' Recent Surge Offers an Attractive Exit Point for Penny Stock Traders
The Small Cap Network (smallcapnetwork.com), a leading online investment community focused on small cap stocks, has issued a short-term sell recommendation on Applied DNA Sciences Inc. (APDN). This penny stock has rallied from a March 23rd low of 4.3 cents to Tuesday's close of 9.5 cents, and represents a profit opportunity for traders who bought shares following the selloff in early March. The full rationale and its corresponding chart can be reviewed at the Small Cap Network website.
Investors can receive complete access to all trading commentary and market trend analysis free by going to: www.smallcapnetwork.com/t/
It should be noted that the exit recommendation on Applied DNA Sciences is strictly a short-term suggestion, based solely on the stock's explosive chart. Though the Small Cap Network analytical staff feels APDN shares could eventually be sustained at 9 cents or higher, the recent move to that price level may not hold up due to technical factors. The Small Cap Network website has posted specific details about how most traders may want to handle APDN going forward.
Investors and traders are invited to subscribe to the free Small Cap Network Newsletter, which offers other trading ideas and insights at:www.smallcapnetwork.com/t/
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 has been covered by the site's analysts since 2007.
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.
SmallCapNetwork.com is not a registered investment advisers or broker/dealer. SmallCapNetwork.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for many of their securities, investing in such securities is highly speculative and carries a high degree of risk.
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Source: Small Cap Network
