UPDATE- (APDN) Friday’s Power Play/New Pick Coming
StockProfessors Newsletter
UPDATE:
Friday`s Power-Play:
Applied DNA Sciences Inc. [1](APDN) We are now seeing the nice gains we expected.. Applied DNA hit $0.075 this morning on increased volume. That`s a potential gain of 15% for our subscribers in two days! We are very excited about our new pick for Tuesday! The charts show that it`s setting up for a huge day tomorrow ..and could easily be one of our best in 2011! Make sure you keep a eye out for our next email, and you can now refresh this[2] link before the market opens to see our newest alert before the rest of the crowd..
Stay Tuned and Lets All Have a HUGE Day Tomorrow! [3]StockProfessors.com ___________________________________________________________________________ Good Morning Subscriber! We have found what might be a nice power play for you on Friday. Applied DNA Sciences Inc. [4](APDN) closed Thursday trading at $.065. Zacks Research profiled this company and their current recommendation is a outperform rating [5]http://www.adnas.com/investors if you scroll down under publications you can read the full report.
Applied DNA is a provider of plant-DNA basedsecurity and authentication solutions that can helpprotect products, brands and intellectual property ofcompanies, governments and consumers from theft,counterfeiting, fraud and diversion. We are optimisticabout the Company s unique technology and twoprinciple anti-counterfeiting and productauthentication solutions: SigNature DNA andBioMaterial Genotyping, which can be used innumerous industries. With an ever booming anti-counterfeitingbusiness worldwide, along with itsunique technology and broad range of productoffering, the Company is well positioned to boost itstop line and bottom line in the coming years.
Recent Events:
On February 14, 2011, Applied DNA Sciences (APDN) reported record financial results for its first fiscal quarter of 2011 ended December 31, 2010.
Total revenue for the first quarter of 2011 reached $317,817, a 337% increase from $72,751 from the first-quarter of 2010. Compared to the fourth quarter of 2010, total revenue increased 355%. Revenue in the current quarter also exceeded our estimate of $170,000.
Gross profit was $297,607, an increase of 94% compared to the same period of last year.
Operating expense was $1.4 million, a reduction of $0.2 million compared to the operating expense of$1.6 million in the same period of last year.
Net loss was $1.3 million for the current quarter, compared to $1.8 million for the same period of last year. Net loss for the current quarter was also lower than our estimate of $1.8 million.Net loss per share was -$0.00 for the current quarter, compared to -$0.01 for the same period of last year. Net loss per share was also lower than our estimate of -$0.01 for the current quarter.
As of December 31, 2010, the Company had $468,331 in cash and cash equivalents, compared to$17,618 at September 30, 2010.
Applied DNA Sciences Inc.
OTC.PINK: APDN Previous Close: $0.065 % Change: 8.33% Volume: 185,050 Avg Vol: 406,080 Market Cap: 22.85 52 Wk Range: $0.031 – $0.09 Simple Moving Average (SMA) APDN closed above its 10 day moving average. This is generally considered to be an indication of a bullish trend.
(APDN) Trading SnapShot: Check Out the Volume When it Spikes so does the Stock.
CONCLUSION>> We are always searching for the best trade ideas for our subscribers Please review our findings and do your own research at [6]http://www.adnas.com.
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