While the chase goes on for the next best penny stock, Applied DNA Sciences Inc. (APDN) has gained 170% since our alert reaching new highs in today’s session. Earlier today, Inventionland Corp. announced a collaboration with the Company on the development of loss-prevention products which has sent APDN stock price surging. With their 1.35 Billion shares authorized, roughly half of which was outstanding as of our alert, traders may want to consider their own loss prevention strategies.
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APDN Stock Chart
Market Cap: 118.02M
Last: 0.1845, up 0.0295 (19.03%)
Dollar Volume: $659,392
Average Trade Size: 11,836
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Today’s pre-market announcement with Inventionland Corporation, America’s largest invention factory with over 1,000 different retailers and on-line stores having sold its innovations, could have incited the rally in the wake of Mitt Romney’s accusations of U.S. citizens being free loaders. Since APDN just launched their smartDNA®, a system designed to mark offenders and to prevent theft, banking on robbery and shoplifting prevention proves that the recession reaches all the way down to the pennies.
The smartDNA® system has actually been deployed internationally to protect banks, retailers, jewelers and pharmacies with the Company having booked revenues of $1,563,880 fr the nine months ended June 30, 2012 versus $687,970 for the same nine month period in 2011. With Applied DNA Sciences’ launch of its digitalDNA platform earlier this year, a system that combines DNA-based security with secure-cloud technology, mobile computing and authentication on-the-fly, revenues could reach $2 million for fiscal 2012.
About APDN Stock
APDN is a provider of botanical-DNA based security and authentication solutions that can help protect products, brands and intellectual property of companies, governments and consumers from theft, counterfeiting, fraud and diversion. SigNature® DNA and smartDNA®, their principal anti-counterfeiting and product authentication solutions that essentially cannot be copied, provide a forensic chain of evidence and can be used to prosecute perpetrators.
Bottom Line: APDN has reached a new 52-week high for the penny stock today which likely means a pull back is in the near future. If you took up the alert on APDN stock last month from us at 0.0685, apply the theory the Company created itself around, loss prevention – book profits.
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